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Category: Asia

  • MIL-OSI Asia-Pac: Briefing on healthcare fees held

    Source: Hong Kong Information Services

    The Health Bureau, together with the Hospital Authority, today held the second District Council (DC) briefing on reforms to public healthcare fees and charges, explaining these to more than 200 DC members and local people.

     

    Secretary for Health Prof Lo Chung-mau said apart from restructuring the subsidisation levels for various services in a precise manner, such fees and charges reform also emphasises enhancing healthcare protection for “poor, acute, serious, critical” patients, enabling public healthcare to serve as a larger, more stable, thicker and denser safety net for all.

     

    He added: “Through this briefing, we hope to explain details of the reform to DC members, and leverage the role of DC as a bridge to assist members of the public to get a better grasp of the substance and meaning of the fees and charges reform.”

     

    The authority’s Deputising Chief Executive Dr Simon Tang highlighted three key measures for strengthening healthcare protection, namely enhancing the medical fee waiver mechanism, introducing an annual cap of $10,000 for public healthcare fees and charges, and optimising the application and subsidisation of innovative drugs and medical devices.

     

    A means test calculator has been launched on the authority’s website and on its mobile app, “HA Go”, allowing users to input information on their household income and assets to view a preliminary assessment of their eligibility for the enhanced medical fee waiver and the Samaritan Fund.

     

    The new fees and charges will take effect on January 1 next year.

    MIL OSI Asia Pacific News –

    May 9, 2025
  • MIL-OSI Europe: OSCE advances gender-sensitive law enforcement and border management in Central Asia

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE advances gender-sensitive law enforcement and border management in Central Asia

    Members of the Regional Network of Women in Law Enforcement and Border Agencies in Central Asia during the Network’s meeting, Vienna, 8 May 2025. (OSCE/Micky Kroell) Photo details

    As part of the OSCE’s efforts to empower women in the security sector and strengthen regional security, the OSCE Secretariat, with support from the OSCE Office for Democratic Institutions and Human Rights (ODIHR) and the five OSCE field operations in Central Asia, held the first meeting of the Regional Network of Women in Law Enforcement and Border Agencies in Central Asia in Vienna, Austria, on 7 and 8 May.
    The meeting brought together the Network’s members, which comprises representatives of law enforcement and border agencies from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, and featured representatives from the OSCE Chairpersonship, Secretariat, and several participating States. It aimed to build on two preparatory events from 2023 and 2024 and kickstart the Network’s operation.
    The participants developed the Network’s strategic concept and discussed its next steps. They also took part in capacity-building activities to integrate gender-sensitive approaches for detecting human trafficking at borders, for increasing women’s participation in and good governance of the security sector, and for developing related projects. The event also served as a platform for participants to strengthen the Network’s connections with the representatives from the OSCE Secretariat, Chairpersonship and participating States.
    The meeting was held as part of several OSCE extrabudgetary projects, including “WIN for Women and Men”, “Support, capacity-building and awareness-raising for Security Sector Governance and Reform within the OSCE: Phase III” as well as the Transnational Threat Department’s programme and ODIHR’s Human Rights, Gender and Security programme.

    MIL OSI Europe News –

    May 9, 2025
  • MIL-OSI: Outbrain Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) — Outbrain Inc. (Nasdaq: OB), which is operating under the new Teads brand following Outbrain’s acquisition of Teads in February 2025, announced today financial results for the quarter ended March 31, 2025.

    First Quarter 2025 Key Financial Metrics1:

      Three Months Ended
    March 31,
    (in millions USD)   2025       2024     % Change
    Revenue $ 286.4     $ 217.0     32  %
    Gross profit   82.7       41.6     99  %
    Net loss   (54.8 )     (5.0 )   NM
    Net cash (used in) provided by operating activities   (1.0 )     8.6     (111 )%
               
    Non-GAAP Financial Data*          
    Ex-TAC gross profit   103.1       52.2     98  %
    Adjusted EBITDA   10.7       1.4     665  %
    Adjusted net loss   (15.3 )     (4.9 )   (211 )%
    Free cash flow   (6.6 )     4.6     (242 )%

    _____________________________

    1 Incorporates the results of operations for legacy Teads from February 3, 2025 through March 31, 2025
    * See non-GAAP reconciliations below
    NM Not meaningful

    “We are off to a strong start following the completion of the combination with Teads. In the first quarter, we delivered financial results above the mid-range of our guidance, while closing the acquisition, issuing five-year senior secured notes, and reaching many major milestones of integration and synergy realization. We are in the early days, but the feedback to our brandformance platform strategy from the hundreds of advertisers and media owners we have met has been highly encouraging,” said David Kostman, CEO of Teads.

    First Quarter 2025 Business Highlights:

    • Completed the acquisition of Teads, for total consideration of approximately $900 million, comprised of $625 million in cash and 43.75 million shares of Outbrain common stock. The combined company is operating under the name Teads.
    • Expect to realize approximately $65 million to $75 million of synergies in 2026 with further opportunities for expanded synergies. Of this amount, approximately $60 million relates to cost synergies, including approximately $45 million of compensation-related expenses, with approximately 90% of the estimated compensation-related synergies already actioned. For 2025, expect to realize a benefit from cost synergies of approximately $40 million, which represents an increase from initial expectations.
    • Initial cross-selling of legacy Outbrain performance solutions to legacy Teads enterprise brand customers launched in Q2 with several campaigns sold.
    • New strategic Joint Business Partnerships (JBPs) with Ferrero, Haleon, Philip Morris International, and Beiersdorf.
    • ~500 advertisers spending at least a half a million dollars on a rolling 12 month basis, with an average spend of over $2 million annually, which represents approximately 70% of total customer spend.
    • CTV experienced more than 100% year-over-year growth in Q1 2025, and now represents approximately 5% of total ad spend.
    • Continued strong adoption of Moments vertical video offering launched in Q3 2024 and is now live on over 70 publishers, including Axel Springer, Fox News, and Webedia.
    • Premium supply competitive wins include Godo (Spain) WWS (Japan), and renewals include Conde Nast and TMZ (US), Ansa (Italy), Webedia (France) and Sankei (Japan).

    First Quarter 2025 Financial Highlights:

    • Revenue of $286.4 million, an increase of $69.4 million, or 32%, compared to $217.0 million in the prior year period primarily due to the acquisition, including net unfavorable foreign currency effects of approximately $2.6 million.
    • Gross profit of $82.7 million, an increase of $41.1 million, or 99%, compared to $41.6 million in the prior year period. Gross margin increased to 28.9%, compared to 19.2% in the prior year period, reflecting the higher gross margin profile of the acquired business.
    • Ex-TAC gross profit of $103.1 million, an increase of $50.9 million, or 98%, compared to $52.2 million in the prior year period, primarily due to the acquisition. Our Ex-TAC gross margin increased to 36.0%, compared to 24.0% in the prior year period, reflecting the higher margin profile of the acquired business.
    • Net loss of $54.8 million, compared to net loss of $5.0 million in the prior year period. Net loss in the current period includes pre-tax acquisition-related costs of $16.4 million, impairment charges of $15.6 million primarily related to the discontinuance of the vi product offering, restructuring charges of $7.3 million related to our previously announced restructuring plan to streamline operations and reduce duplicative roles post-acquisition, and bridge facility related costs of $12.0 million.
    • Adjusted net loss of $15.3 million, compared to adjusted net loss of $4.9 million in the prior year period.
    • Adjusted EBITDA of $10.7 million, compared to Adjusted EBITDA of $1.4 million in the prior year period.
    • Net cash used in operating activities of $1.0 million, compared to net cash provided by operating activities of $8.6 million in the prior year period. Free cash flow was $(6.6) million, as compared to $4.6 million in the prior year period, primarily related to cash outflows related to transaction costs and restructuring charges of $16.2 million.
    • Cash, cash equivalents and investments in marketable securities were $155.9 million, comprised of cash and cash equivalents of $136.3 million and short-term investments in marketable securities of $19.6 million as of March 31, 2025.
    • Total debt obligations were $627.0 million, including the $610.8 million carrying value of the 10% senior secured notes due 2030 issued in February 2025 (principal amount of $637.5 million, net of unamortized discount and deferred financing costs) and $16.2 million outstanding under a short-term overdraft facility assumed in the acquisition.
    • Entered into a credit agreement with Goldman Sachs Bank, U.S. Bank Trust Company, and certain other lenders, which provided, among other things, for a new $100.0 million super senior secured revolving credit facility, which expires on February 3, 2030, which may be used for working capital and other general corporate purposes. The prior revolving credit facility with Silicon Valley Bank, a division of First Citizens Bank & Trust Company, dated as of November 2, 2021 was terminated.

    Second Quarter Guidance

    The following forward-looking statements reflect our expectations for the second quarter and full year of 2025.

    For the second quarter ending June 30, 2025, we expect:

    • Ex-TAC gross profit of $141 million to $150 million
    • Adjusted EBITDA of $26 million to $34 million

    For the full year ending December 31, 2025, we continue to expect:

    • Adjusted EBITDA of at least $180 million

    The above measures are forward-looking non-GAAP financial measures for which a reconciliation to the most directly comparable GAAP financial measure is not available without unreasonable efforts. See “Non-GAAP Financial Measures” below. In addition, our guidance is subject to risks and uncertainties, as outlined below in this release.

    Conference Call and Webcast Information

    Outbrain will host an investor conference call this morning, Friday, May 9 at 8:30 am ET. Interested parties are invited to listen to the conference call which can be accessed live by phone by dialing 1-877-497-9071 or for international callers, 1-201-689-8727. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13753068. The replay will be available until May 23, 2025. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors Relations section of the Company’s website at https://investors.outbrain.com. The online replay will be available for a limited time shortly following the call.

    Non-GAAP Financial Measures

    In addition to GAAP performance measures, we use the following supplemental non-GAAP financial measures to evaluate our business, measure our performance, identify trends, and allocate our resources: Ex-TAC gross profit, Ex-TAC gross margin, Adjusted EBITDA, free cash flow, adjusted net income (loss), and adjusted diluted EPS. These non-GAAP financial measures are defined and reconciled to the corresponding GAAP measures below. These non-GAAP financial measures are subject to significant limitations, including those we identify below. In addition, other companies in our industry may define these measures differently, which may reduce their usefulness as comparative measures. As a result, this information should be considered as supplemental in nature and is not meant as a substitute for revenue, gross profit, net income (loss), diluted EPS, or cash flows from operating activities presented in accordance with GAAP.

    Because we are a global company, the comparability of our operating results is affected by foreign exchange fluctuations. We calculate certain constant currency measures and foreign currency impacts by translating the current year’s reported amounts into comparable amounts using the prior year’s exchange rates. All constant currency financial information that may be presented is non-GAAP and should be used as a supplement to our reported operating results. We believe that this information is helpful to our management and investors to assess our operating performance on a comparable basis. However, these measures are not intended to replace amounts presented in accordance with GAAP and may be different from similar measures calculated by other companies.

    The Company is also providing second quarter and full year guidance. These forward-looking non-GAAP financial measures are calculated based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. The Company has not provided quantitative reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures because it is unable, without unreasonable effort, to predict with reasonable certainty the occurrence or amount of all excluded items that may arise during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Such excluded items could be material to the reported results individually or in the aggregate.

    Ex-TAC Gross Profit

    Ex-TAC gross profit is a non-GAAP financial measure. Gross profit is the most comparable GAAP measure. In calculating Ex-TAC gross profit, we add back other cost of revenue to gross profit. Ex-TAC gross profit may fluctuate in the future due to various factors, including, but not limited to, seasonality and changes in the number of media partners and advertisers, advertiser demand or user engagements.

    We present Ex-TAC gross profit, Ex-TAC gross margin (calculated as Ex-TAC gross profit as a percentage of revenue), and Adjusted EBITDA as a percentage of Ex-TAC gross profit, because they are key profitability measures used by our management and board of directors to understand and evaluate our operating performance and trends, develop short-term and long-term operational plans, and make strategic decisions regarding the allocation of capital. Accordingly, we believe that these measures provide information to investors and the market in understanding and evaluating our operating results in the same manner as our management and board of directors. There are limitations on the use of Ex-TAC gross profit in that traffic acquisition cost is a significant component of our total cost of revenue but not the only component and, by definition, Ex-TAC gross profit presented for any period will be higher than gross profit for that period. A potential limitation of this non-GAAP financial measure is that other companies, including companies in our industry, which have a similar business, may define Ex-TAC gross profit differently, which may make comparisons difficult. As a result, this information should be considered as supplemental in nature and is not meant as a substitute for revenue or gross profit presented in accordance with GAAP.

    Adjusted EBITDA

    We define Adjusted EBITDA as net income (loss) before gain on convertible debt; interest expense; interest income and other income (expense), net; provision for income taxes; depreciation and amortization; stock-based compensation; and other income or expenses that we do not consider indicative of our core operating performance, including but not limited to, acquisition-related costs, restructuring, and impairment charges. We present Adjusted EBITDA as a supplemental performance measure because it is a key profitability measure used by our management and board of directors to understand and evaluate our operating performance and trends, develop short-term and long-term operational plans and make strategic decisions regarding the allocation of capital, and we believe it facilitates operating performance comparisons from period to period.

    We believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. However, our calculation of Adjusted EBITDA is not necessarily comparable to non-GAAP information of other companies. Adjusted EBITDA should be considered as a supplemental measure and should not be considered in isolation or as a substitute for any measures of our financial performance that are calculated and reported in accordance with GAAP.

    Adjusted Net Income (Loss) and Adjusted Diluted EPS

    Adjusted net income (loss) is a non-GAAP financial measure, which is defined as net income (loss) excluding items that we do not consider indicative of our core operating performance, including but not limited to gain on convertible debt, merger and acquisition costs, regulatory matter costs, and severance costs related to our cost saving initiatives. Adjusted net income (loss), as defined above, is also presented on a per diluted share basis. We present adjusted net income (loss) and adjusted diluted EPS as supplemental performance measures because we believe they facilitate performance comparisons from period to period. However, adjusted net income (loss) or adjusted diluted EPS should not be considered in isolation or as a substitute for net income (loss) or diluted earnings per share reported in accordance with GAAP.

    Free Cash Flow

    Free cash flow is defined as cash flow provided by (used in) operating activities, less capital expenditures and capitalized software development costs. Free cash flow is a supplementary measure used by our management and board of directors to evaluate our ability to generate cash and we believe it allows for a more complete analysis of our available cash flows. Free cash flow should be considered as a supplemental measure and should not be considered in isolation or as a substitute for any measures of our financial performance that are calculated and reported in accordance with GAAP.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements may include, without limitation, statements generally relating to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives, and statements relating to our recently completed acquisition (the “Acquisition”) of TEADS, a private limited liability company (société anonyme) incorporated and existing under the laws of the Grand Duchy of Luxembourg (“Teads”). You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions or are not statements of historical fact. We have based these forward- looking statements largely on our expectations and projections regarding future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: the ability of Outbrain to successfully integrate Teads or manage the combined business effectively; our ability to realize anticipated benefits and synergies of the Acquisition, including, among other things, operating efficiencies, revenue synergies and other cost savings; our due diligence investigation of Teads may be inadequate or risks related to Teads’ business may materialize; unexpected costs, charges or expenses resulting from the Acquisition; our ability to raise additional financing in the future to fund our operations, which may not be available to us on favorable terms or at all; our ability to attract and retain customers, management and other key personnel; the volatility of the market price of the Common Stock, $.001 par value per share (the “Common Stock”); overall advertising demand and traffic generated by our media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, tariffs and trade wars and other events or factors outside of our control, such as U.S. and global recession concerns, geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel and the Middle East, supply chain issues, inflationary pressures, labor market volatility, bank closures or disruptions, the impact of challenging economic conditions, political and policy changes or uncertainties in the U.S., and other factors that have and may further impact advertisers’ ability to pay; our ability to continue to innovate, and adoption by our advertisers and media partners of our expanding solutions; the potential impact of artificial intelligence (“AI”) on our industry and our need to invest in AI-based solutions; the success of our sales and marketing investments, which may require significant investments and may involve long sales cycles; our ability to grow our business and manage growth effectively; our ability to compete effectively against current and future competitors; the loss or decline of one or more of our large media partners, and our ability to expand our advertiser and media partner relationships; conditions in Israel, including the ongoing conflict between Israel and Hamas and any conflicts with other terrorist organizations or other countries; our ability to maintain our revenues or profitability despite quarterly fluctuations in our results, whether due to seasonality, large cyclical events, or other causes; the risk that our research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of our recommendation engine to accurately predict attention or engagement, any deterioration in the quality of our recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on our ability to collect, use and disclose data to deliver advertisements; our ability to extend our reach into evolving digital media platforms; our ability to maintain and scale our technology platform; our ability to meet demands on our infrastructure and resources due to future growth or otherwise; our failure or the failure of third parties to protect our sites, networks and systems against security breaches, or otherwise to protect the confidential information of us or our partners; outages or disruptions that impact us or our service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which we operate; the challenges of compliance with differing and changing regulatory requirements, including with respect to privacy; the timing and execution of any cost-saving measures and the impact on our business or strategy; and the risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2024. Accordingly, you should not rely upon forward-looking statements as an indication of future performance. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events, or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation and do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About The Combined Company

    Outbrain Inc. (Nasdaq: OB) and Teads combined on February 3, 2025 and are operating under the new Teads brand. The new Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes, the combined company ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, the new Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, New York, with a global team of nearly 1,800 people in 36 countries.

    Media Contact
    press@outbrain.com

    Investor Relations Contact
    IR@outbrain.com
    (332) 205-8999

    OUTBRAIN INC.
    Condensed Consolidated Statements of Operations
    (In thousands, except for share and per share data)
     
        Three Months Ended
    March 31,
          2025       2024  
        (Unaudited)
    Revenue   $ 286,357     $ 216,964  
    Cost of revenue:        
    Traffic acquisition costs     183,235       164,810  
    Other cost of revenue     20,472       10,559  
    Total cost of revenue     203,707       175,369  
    Gross profit     82,650       41,595  
    Operating expenses:        
    Research and development     13,979       9,193  
    Sales and marketing     53,737       23,617  
    General and administrative     36,477       15,215  
    Impairment charges     15,614       —  
    Restructuring charges     7,279       167  
    Total operating expenses     127,086       48,192  
    Loss from operations     (44,436 )     (6,597 )
    Other (expense) income:        
    Interest expense     (23,124 )     (937 )
    Other (expense) income and interest income, net     (484 )     1,405  
    Total other (expense) income, net     (23,608 )     468  
    Loss before income taxes     (68,044 )     (6,129 )
    Benefit from income taxes     (13,201 )     (1,088 )
    Net loss   $ (54,843 )   $ (5,041 )
             
    Weighted average shares outstanding:        
    Basic     77,954,579       49,265,012  
    Diluted     77,954,579       49,265,012  
             
    Net loss per common share:        
    Basic   $ (0.70 )   $ (0.10 )
    Diluted   $ (0.70 )   $ (0.10 )
    OUTBRAIN INC.
    Condensed Consolidated Balance Sheets
    (In thousands, except for number of shares and par value)
     
      March 31,
    2025
      December 31,
    2024
      (Unaudited)    
    ASSETS:      
    Current assets:      
    Cash and cash equivalents $ 136,312     $ 89,094  
    Short-term investments in marketable securities   19,567       77,035  
    Accounts receivable, net of allowances   328,386       149,167  
    Prepaid expenses and other current assets   49,817       27,835  
    Total current assets   534,082       343,131  
    Non-current assets:      
    Property, equipment and capitalized software, net   47,879       45,250  
    Operating lease right-of-use assets, net   26,874       15,047  
    Intangible assets, net   391,022       16,928  
    Goodwill   587,494       63,063  
    Deferred tax assets   49,957       40,825  
    Indemnification asset   26,556       —  
    Other assets   24,176       24,969  
    TOTAL ASSETS $ 1,688,040     $ 549,213  
           
    LIABILITIES AND STOCKHOLDERS’ EQUITY:      
    Current liabilities:      
    Accounts payable $ 274,060     $ 206,920  
    Accrued compensation and benefits   50,760       19,430  
    Deferred revenue   13,066       6,932  
    Short-term debt   16,202       —  
    Accrued and other current liabilities   118,457       56,189  
    Total current liabilities   472,545       289,471  
    Non-current liabilities:      
    Long-term debt   610,816       —  
    Operating lease liabilities, non-current   20,356       11,783  
    Deferred tax liabilities   62,099       1,554  
    Contingent tax liabilities   36,632       9,343  
    Other liabilities   10,927       5,719  
    TOTAL LIABILITIES $ 1,213,375     $ 317,870  
           
    STOCKHOLDERS’ EQUITY:      
    Common stock, par value of $0.001 per share − one billion shares authorized; 94,349,511 shares issued and 94,293,190 shares outstanding as of March 31, 2025; 63,503,274 shares issued and 50,090,114 shares outstanding as of December 31, 2024   94       64  
    Preferred stock, par value of $0.001 per share − 100,000,000 shares authorized, none issued and outstanding as of March 31, 2025 and December 31, 2024   —       —  
    Additional paid-in capital   674,442       484,541  
    Treasury stock, at cost − 56,321 shares as of March 31, 2025 and 13,413,160 shares as of December 31, 2024   (242 )     (74,289 )
    Accumulated other comprehensive income (loss)   24,707       (9,480 )
    Accumulated deficit   (224,336 )     (169,493 )
    TOTAL STOCKHOLDERS’ EQUITY   474,665       231,343  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,688,040     $ 549,213  
    OUTBRAIN INC.
    Condensed Consolidated Statements of Cash Flows
    (In thousands)
     
        Three Months Ended March 31,
          2025       2024  
        (Unaudited)
    CASH FLOWS FROM OPERATING ACTIVITIES:        
    Net loss   $ (54,843 )   $ (5,041 )
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities:        
    Depreciation and amortization of property and equipment     1,935       1,639  
    Amortization of capitalized software development costs     2,472       2,409  
    Amortization of intangible assets     8,466       852  
    Amortization of discount on marketable securities     (425 )     (642 )
    Stock-based compensation     2,941       2,927  
    Non-cash operating lease expense     2,307       1,195  
    Provision for credit losses     298       1,693  
    Amortization of debt issuance costs     12,843       —  
    Deferred income taxes     (17,786 )     (174 )
    Impairment of assets     15,614       —  
    Unrealized foreign currency transaction (gains) losses     1,688       312  
    Other     30       26  
    Changes in operating assets and liabilities:        
    Accounts receivable     37,605       30,398  
    Prepaid expenses and other current assets     5,901       7,262  
    Accounts payable and other current liabilities     (22,374 )     (31,875 )
    Operating lease liabilities     (2,614 )     (1,205 )
    Deferred revenue     (830 )     (1,471 )
    Other non-current assets and liabilities     5,806       300  
    Net cash (used in) provided by operating activities     (966 )     8,605  
             
    CASH FLOWS FROM INVESTING ACTIVITIES:        
    Acquisition of a business, net of cash acquired     (598,319 )     (181 )
    Purchases of property and equipment     (2,921 )     (1,335 )
    Capitalized software development costs     (2,699 )     (2,627 )
    Purchases of marketable securities     (16,602 )     (31,578 )
    Proceeds from sales and maturities of marketable securities     74,221       31,492  
    Net cash used in investing activities     (546,320 )     (4,229 )
             
    CASH FLOWS FROM FINANCING ACTIVITIES:        
    Proceeds from the Bridge Facility     625,000       —  
    Repayments of borrowings under the Bridge Facility     (625,000 )     —  
    Proceeds from senior secured notes     625,305       —  
    Payment of deferred financing costs     (28,155 )     —  
    Payment of stock issuance costs     (775 )     —  
    Treasury stock repurchases and share withholdings on vested awards     (355 )     (4,015 )
    Principal payments on finance lease obligations     —       (255 )
    Proceeds from bank overdrafts, net     74       —  
    Net cash provided by (used in) financing activities     596,094       (4,270 )
    Effect of exchange rate changes     (57 )     363  
    Net increase in cash, cash equivalents and restricted cash   $ 48,751     $ 469  
    Cash, cash equivalents and restricted cash — Beginning     89,725       71,079  
    Cash, cash equivalents and restricted cash — Ending   $ 138,476     $ 71,548  
    OUTBRAIN INC.
    Non-GAAP Reconciliations
    (In thousands)
    (Unaudited)
     
    The following table presents the reconciliation of Gross profit to Ex-TAC gross profit and Ex-TAC gross margin, for the periods presented:
     
    ​ Three Months Ended March 31,
    ​   2025       2024  
    Revenue $ 286,357     $ 216,964  
    Traffic acquisition costs   (183,235 )     (164,810 )
    Other cost of revenue   (20,472 )     (10,559 )
    Gross profit   82,650       41,595  
    Other cost of revenue   20,472       10,559  
    Ex-TAC gross profit $ 103,122     $ 52,154  
           
    Gross margin (gross profit as % of revenue)   28.9 %     19.2 %
    Ex-TAC gross margin (Ex-TAC gross profit as % of revenue)   36.0 %     24.0 %
     
    The following table presents the reconciliation of net loss to Adjusted EBITDA, for the periods presented:
     
    ​ Three Months Ended March 31,
    ​   2025       2024  
    Net loss $ (54,843 )   $ (5,041 )
    Interest expense   23,124       937  
    Other expense (income) and interest income, net   484       (1,405 )
    Benefit from income taxes   (13,201 )     (1,088 )
    Depreciation and amortization   12,873       4,900  
    Stock-based compensation   2,941       2,927  
    Acquisition-related costs   16,418       —  
    Restructuring charges   7,279       167  
    Impairment charges   15,614       —  
    Adjusted EBITDA $ 10,689     $ 1,397  
           
    Net loss as % of gross profit (66.4 )%   (12.1 )%
    Adjusted EBITDA as % of Ex-TAC Gross Profit   10.4  %     2.7  %
    OUTBRAIN INC.
    Non-GAAP Reconciliations
    (In thousands)
    (Unaudited)
     
    The following table presents the reconciliation of net loss and diluted EPS to adjusted net loss and adjusted diluted EPS, respectively, for the periods presented:
     
    ​ Three Months Ended March 31,
    ​   2024       2023  
    Net loss $ (54,843 )   $ (5,041 )
    Adjustments:      
    Acquisition-related costs   16,418       —  
    Restructuring charges   7,279       167  
    Impairment charges   15,614       —  
    Bridge facility costs   11,996       —  
    Total adjustments, before tax   51,307       167  
    Income tax effect   (11,759 )     (41 )
    Total adjustments, after tax   39,548       126  
    Adjusted net loss $ (15,295 )   $ (4,915 )
           
    Basic and diluted weighted-average shares   77,954,579       49,265,012  
           
    Diluted net loss per share – reported $ (0.70 )   $ (0.10 )
    Adjustments, after tax   0.50       —  
    Diluted loss per share – adjusted $ (0.20 )   $ (0.10 )
    The following table presents the reconciliation of net cash provided by (used in) operating activities to free cash flow, for the periods presented:
     
      Three Months Ended March 31,
        2025       2024  
    Net cash (used in) provided by operating activities $ (966 )   $ 8,605  
    Purchases of property and equipment   (2,921 )     (1,335 )
    Capitalized software development costs   (2,699 )     (2,627 )
    Free cash flow $ (6,586 )   $ 4,643  

    The MIL Network –

    May 9, 2025
  • MIL-OSI Economics: Detailed Result: OMO Purchase Auction held on May 09, 2025 and Settlement on May 13, 2025

    Source: Reserve Bank of India

    I. Summary OMO Purchase Results

    Aggregate Amount (Face value) notified by RBI : ₹25,000 crore
    Total amount offered (Face value) by participants : ₹76,845 crore
    Total amount accepted (Face value) by RBI : ₹25,000 crore

    II. Details of OMO Purchase Issue

    Security 6.54% GS 2032 7.57% GS 2033 6.19% GS 2034 6.64% GS 2035 7.54% GS 2036
    No. of offers received 55 51 24 94 35
    Total amount (face value) offered (₹ in crore) 9,167 26,522 6,909 27,284 6,963
    No. of offers accepted 11 33 4 33 21
    Total offer amount (face value) accepted by RBI (₹ in crore) 3,300 7,124 1,850 10,510 2,216
    Cut off yield (%) 6.3203 6.4005 6.3681 6.4548 6.4993
    Cut off price (₹) 101.17 107.29 98.75 101.35 108.10
    Weighted average yield (%) 6.3240 6.4205 6.3797 6.4670 6.5189
    Weighted average price (₹) 101.15 107.16 98.67 101.26 107.94
    Partial allotment % of competitive offers at cut off price NA 49.93 NA 41.88 NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/297

    MIL OSI Economics –

    May 9, 2025
  • MIL-OSI Global: The prospect of an American pope was once viewed with suspicion – but Leo XIV could prove an important counter to Trump

    Source: The Conversation – UK – By Massimo D’Angelo, Research Associate in the Institute for Diplomacy and International Affairs, Loughborough University

    Pope Leo XIV has been elected as the 267th pontiff, leader of the Catholic church and spiritual guide to more than 1.4 billion Catholics. He is the first pope in history to come from the United States.

    Since the 19th century, the influence of the United States within the Catholic Church has steadily increased, mirroring the country’s global geopolitical rise. American bishops, institutions and donors have played a growing role in shaping church policy, appointments and international engagement, signalling a shift away from traditional European dominance.

    This growing influence had long been accompanied by unease over the idea of entrusting the leadership of the global Catholic community to a figure from the world’s most powerful nation. In this sense, the election of Leo XIV is an unexpected and significant choice.

    Robert Francis Prevost, born in Chicago in 1955, has spent much of his ecclesiastical life to date in Peru, where he became a respected figure within the local church. He had been sent to Peru on a missions after taking his solemn vows as an Augustinian and studying in Rome.

    Once there, he served for many years as judicial vicar and professor of canon, patristic (early Christian), and moral theology in Trujillo. In 2014, he was appointed apostolic administrator of Chiclayo and became its bishop in 2015, a post he held until 2023.

    Prevost gained Peruvian citizenship and was widely regarded as a stabilising, pastoral presence in a church often divided between liberation theology and ultra-traditionalism. Known for his humility and approachability, he was respected for his ability to foster dialogue among Peru’s diverse episcopate.

    His longstanding commitment to Latin America helped shape his international reputation and proved key to his eventual election as the church’s first North American pope.

    Continuity or rupture with Francis?

    It is difficult to determine at this early stage whether the election of Leo XIV will mark a continuation of Pope Francis’s pontificate or a clear departure from it. More likely, it will represent something of a middle path.

    The first image of the newly elected pope – appearing on the balcony in traditional white and red papal garments, adorned with a gold cross – was striking. It echoed the appearance of Benedict XVI in 2005, in contrast to Francis’s more austere choice of a plain white cassock and silver cross, which reflected a deliberate gesture of humility.

    Yet, Leo XIV’s strong focus on the poor – rooted in his years as a missionary in Peru – and his warm greeting to the Peruvian community, one of the Church’s global peripheries, suggest a clear line of continuity with Francis’s pastoral priorities.

    Even his choice of name evokes Leo XIII, pope from 1878 to 1903 and author of Rerum Novarum, the landmark encyclical on social justice and the rights of the poor. Leo XIV may, therefore, embody a papacy that maintains a firm commitment to the marginalised, while adopting a less confrontational, more measured style than that of his reformist predecessor, who sometimes adopted openly anti-curial stances.

    A Counterweight to Trump?

    Prior to becoming pope, Prevost has, on several occasions, openly criticised the current US administration – particularly on matters of migration policy. As a cardinal, he voiced concern over statements made by US vice president J.D Vance, who converted to Catholicism in 2019.

    He shared an article challenging Vance’s interpretation of Christian love in relation to immigration. Prevost also shared posts critical of both Donald Trump and Salvadoran president Nayib Bukele regarding the deportation of Kilmar Abrego Garcia, a Salvadoran national living in Maryland.

    In this light, the election of an American pope – once a prospect viewed with suspicion – could now represent one of the strongest moral voices against the hardline migration policies of his own country’s government and a counterbalance to Donald Trump’s influence.

    The choice of the name Leo is also potentially significant here. Pope Leo XIII strongly opposed extreme nationalism, viewing it as a threat to the Church’s universal mission and moral authority.

    While acknowledging the value of legitimate patriotism, he maintained that loyalty to God and the church must always take precedence over allegiance to the nation-state. In encyclicals such as Immortale Dei and Sapientiae Christianae, he defended the church’s supranational character and cautioned against subordinating faith to national interests.

    For Leo XIII, true civic virtue could never conflict with divine law, and any form of nationalism that did so risked becoming a kind of idolatry. In an era of rising nationalism across the globe – particularly in the United States – connecting to this message would be a clear and powerful statement.

    While the prospect of an American pope once caused concern, the choice of Leo XIV shows sensitivity to the world’s margins. Yet, in a Church where Catholic growth is most pronounced in Africa and Asia – while numbers continue to decline in Europe and the Americas – the election of another western pontiff is not without its challenges. Some regions may still feel overlooked or underrepresented.

    A promising gesture was the decision to deliver a brief message in Spanish from the balcony of St Peter’s – the first time in papal history. At the same time, it is striking that the most globally diverse conclave ever convened has placed the church’s leadership in the hands of a cardinal from the world’s most powerful nation. The new pope will need to unify a church that is increasingly global and moving beyond its eurocentric past.

    Massimo D’Angelo does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The prospect of an American pope was once viewed with suspicion – but Leo XIV could prove an important counter to Trump – https://theconversation.com/the-prospect-of-an-american-pope-was-once-viewed-with-suspicion-but-leo-xiv-could-prove-an-important-counter-to-trump-256146

    MIL OSI – Global Reports –

    May 9, 2025
  • MIL-OSI Russia: Russian officials: Chairman Xi Jinping’s visit will give new impetus to bilateral relations

    Translation. Region: Russian Federal

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

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

    At the invitation of Russian President Vladimir Putin, Chinese President Xi Jinping will pay a state visit to Russia from May 7 to 10 and take part in the ceremonial events in Moscow dedicated to the 80th anniversary of Victory in the Great Patriotic War. Russian representatives are confident that this visit is of great importance, demonstrates the high level of trust and mutual support between the two countries, and will contribute to the further development of Russian-Chinese relations.

    As reported by the TASS news agency on May 7, the Chairperson of the Federation Council Valentina Matviyenko emphasized that the state visit of Chairman Xi Jinping to Russia and his participation in the celebration of the 80th anniversary of Victory have “important historical significance.”

    Matviyenko noted that some countries are trying to distort the historical memory of the victory over fascism and militarism, and Russia and China are jointly opposing these attempts, playing a decisive role in preserving the historical truth for future generations.

    On May 6, Russian presidential aide Yuri Ushakov told RIA Novosti, TASS and other leading Russian media outlets that Russian-Chinese relations were at an “unprecedentedly high level” and both sides viewed them as “an example of genuine relations between great powers.” He stressed that President Xi Jinping’s visit was of particular importance and would contribute to the further development of bilateral relations based on “complete mutual trust, equality, mutual benefit and non-targeting of third countries.”

    Russian Foreign Ministry spokesperson Maria Zakharova said at a briefing on May 6 that Chairman Xi Jinping’s state visit to Russia and his participation in the celebration of the 80th anniversary of Victory “once again confirm the unprecedentedly high level of trust, mutual understanding and support that characterizes current Russian-Chinese relations.”

    Zakharova added that Russian-Chinese relations “are comprehensive in nature, are constantly enriched with new constructive content, meet the fundamental interests of the peoples of both countries and enjoy their comprehensive support.” According to her, under the leadership of the leaders of the two countries, Russian-Chinese cooperation will develop steadily in the long term.

    Zakharova also noted that Russia and China are committed to protecting international justice, promoting the central role of the UN, and building a truly equal and fair multipolar world order at various multilateral venues.

    Director of the Institute of China and Modern Asia of the Russian Academy of Sciences Kirill Babayev expressed confidence in an interview with the Xinhua news agency that Russian-Chinese cooperation will maintain its positive dynamics, becoming a global example of mutually beneficial cooperation between great powers in all areas. Deputy Director of the IMEMO RAS Alexander Lomanov noted that the level of political trust, close ties and deep mutual understanding between Russia and China are unique in relations between the world’s largest powers.

    MIL OSI Russia News –

    May 9, 2025
  • MIL-OSI Russia: Hainan is a magnet for Russian tourists

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — While busloads of Russians flock to morning markets in the city of Heihe in northeast China’s Heilongjiang Province, a significant number of Russian travelers are heading to pristine beaches on the other side of the country in southern China’s Hainan Province after long-haul flights.

    Data from local authorities in Sanya, a resort city in the island province of Hainan, shows that Russian tourists made 173,900 trips to the city in 2024, an eleven-fold increase from the previous year.

    In Sanya’s Dadonghai Bay, the beaches are filled with sunbathing Russians, and even fruit vendors are calling out to potential customers in Russian.

    “The warm climate, abundant sunshine and clear water, as well as the unique tropical climate and seascapes are the key reasons that attract Russian tourists,” said Chen Xiaolei, a local Russian-speaking tour guide.

    In addition to the exotic coastal landscapes, Russian travelers are also attracted by Hainan’s favorable visa-free policy and fast customs clearance.

    The State Immigration Administration (SIA) of the People’s Republic of China has expanded the visa-free entry regime to Hainan for citizens from 59 countries, effective February 9, 2024.

    In July of the same year, the CIU introduced a visa-free regime allowing foreign tourist groups from the Hong Kong and Macao Special Administrative Regions (SAR) to enter and stay in Hainan for 144 hours, and in December, the transit visa-free stay period for foreigners in Hainan was increased to 240 hours.

    A tourist named Konstantin, who flew to the resort of Sanya on a direct flight from Krasnoyarsk, said: “China’s visa-free regime is incredibly practical and convenient for us. We plan to stay in Sanya for 10 days, which gives us enough time to enjoy the trip.”

    The Sherikovs, a Russian couple celebrating their 20th wedding anniversary in Sanya, said: “The customs clearance process took less than 10 minutes and was much easier than we expected.”

    An expanding international flight network with more direct routes from Russian cities to Sanya has also made the coastal city more accessible.

    In the first quarter of 2025, there were about 500 flights between Russia and Sanya, 400 percent more than in the same period last year. According to the Fenghuang border checkpoint in Sanya, more than 5,000 Russian tourists arrive here every week.

    Huang Xing, head of the Sanya Bureau of Tourism, Culture, Radio, Television and Sports, said that to improve the experience of foreign tourists, local hotels and scenic spots have installed multilingual signboards in English, Russian and Chinese, facilitated international credit card payments and opened foreign currency exchange offices, and regularly hosted concerts, cultural performances and sports events.

    While enjoying sunbathing, tropical fruits and vibrant nightlife, more Russian tourists are beginning to delve deeper into Chinese culture to get more unique travel experiences in Sanya, such as traditional Chinese medicine treatment, he said.

    Huang Juhai, director of the specialized treatment department of the Druzhba International Sanatorium of Traditional Chinese Medicine (TCM) in Sanya, said: “TCM is very popular among Russian tourists as the recognition of TCM by foreign visitors has increased significantly.”

    Chen Xiaolei, a local tour guide, said more than half of his Russian clients prefer TCM treatment.

    “Many of them seek TCM treatment for neck and lower back pain, joint problems, obesity and digestive disorders,” he said. -0- /Source: China Daily/

    MIL OSI Russia News –

    May 9, 2025
  • MIL-OSI: Gravity Reports First Quarter of 2025 Results and Business Update

    Source: GlobeNewswire (MIL-OSI)

    Seoul, South Korea, May 09, 2025 (GLOBE NEWSWIRE) — GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the first quarter ended March 31, 2025, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

    FIRST QUARTER 2025 HIGHLIGHTS

    • Total revenues were KRW 137,464 million (US$ 93,231 thousand), representing a 6% increase from the fourth quarter ended December 31, 2024 (“QoQ”) and a 14.8% increase from the first quarter ended March 31, 2024 (“YoY”).
    • Operating profit was KRW 24,730 million (US$ 16,772 thousand), representing a 55% increase QoQ and an 8% decrease YoY.
    • Profit before income tax expenses was KRW 28,450 million (US$ 19,295 thousand), representing a 12.1% increase QoQ and a 12.5% decrease YoY.
    • Net profit attributable to parent company was KRW 22,038 million (US$ 14,947 thousand), representing a 4.6% decrease QoQ and an 18% decrease YoY.

    REVIEW OF FIRST QUARTER 2025 FINANCIAL RESULTS

    Revenues

    Online game revenues for the first quarter of 2025 were KRW 18,806 million (US$ 12,755 thousand), representing a 5.1% decrease QoQ from KRW 19,822 million and a 4.1% increase YoY from KRW 18,065 million. The decrease QoQ was mainly attributable to decreased revenues from Ragnarok Online in Thailand. Such decrease was partially offset by increased revenue from Ragnarok Online in Japan. The increase YoY was largely due to increased revenues from Ragnarok Online in Thailand and China.

    Mobile game revenues were KRW 115,486 million (US$ 78,325 thousand) for the first quarter of 2025, representing a 9.4% increase QoQ from KRW 105,586 million and a 17.2% increase YoY from KRW 98,548 million. The increase QoQ attributed to initial revenues from Ragnarok M: Classic which was launched in Southeast Asia on February 14, 2025 and Ragnarok Idle Adventure Plus launched in Global except Taiwan, Hong Kong, Macau, China, Korea and Japan on February 20, 2025. Such increase was partially offset by decreased revenues from Ragnarok Origin in Southeast Asia and THE RAGNAROK in Southeast Asia. The increase YoY was due to initial revenue from Ragnarok M: Classic in Southeast Asia, THE RAGNAROK in Southeast Asia launched on October 31, 2024 and Ragnarok: Rebirth in Taiwan, Hong Kong and Macau launched on October 31, 2024. This increase was partially offset by decreased revenues from Ragnarok Origin in Southeast Asia, Taiwan, Hong Kong and Macau and North, Central and South America.

    Other revenues were KRW 3,172 million (US$ 2,151 thousand) for the first quarter of 2025, representing a 26.5% decrease QoQ from KRW 4,315 million and a 0.2% increase YoY from KRW 3,166 million.

    Cost of Revenue

    Cost of revenue was KRW 87,458 million (US$ 59,316 thousand) for the first quarter of 2025, representing a 8% increase QoQ from KRW 81,008 million and a 18.8% increase YoY from KRW 73,628 million. The increase QoQ was mainly due to increased commission paid for mobile game services related to Ragnarok M: Classic in Southeast Asia. The increase YoY was primarily due to increased commission paid for mobile game services related to Ragnarok M: Classic in Southeast Asia, THE RAGNAROK in Southeast Asia and Ragnarok: Rebirth in Taiwan, Hong Kong and Macau.

    Operating Expenses

    Operating expenses were KRW 25,276 million (US$ 17,143 thousand) for the first quarter of 2025, representing a 22.9% decrease QoQ from KRW 32,765 million and a 31.1% increase YoY from KRW 19,282 million. The decrease QoQ was mainly due to decreased advertising expenses for THE RAGNAROK in Southeast Asia and salaries. The increase YoY was mainly due to increased advertising expenses for Ragnarok Idle Adventure Plus in Global, Ragnarok V: Returns in Thailand, Indonesia and Philippines and Ragnarok Begins in Taiwan, Hong Kong and Macau.

    Profit Before Income Tax Expenses

    Profit before income tax expenses was KRW 28,450 million (US$ 19,295 thousand) for the first quarter of 2025 compared with profit before income tax expense of KRW 25,377 million for the fourth quarter of 2024 and profit before income tax expenses of KRW 32,498 million for the first quarter of 2024.

    Net Profit

    As a result of the foregoing factors, Gravity recorded a net profit attributable to parent company of KRW 22,038 million (US$ 14,947 thousand) for the first quarter of 2025 compared with net profit attributable to parent company of KRW 23,099 million for the fourth quarter of 2024 and a net profit attributable to parent company of KRW 26,866 million for the first quarter of 2024.

    Liquidity

    The balance of cash and cash equivalents and short-term financial instruments was KRW 577,163 million (US$ 391,446 thousand) as of March 31, 2025.

    Note: For convenience purposes only, the KRW amounts have been expressed in U.S. dollars at the exchange rate of KRW 1,474.44 to US$ 1.00, the noon buying rate in effect on March 31, 2025 as quoted by the Federal Reserve Bank of New York.

    GRAVITY BUSINESS UPDATES

    Ragnarok Online IP-based Games

    • Ragnarok M: Classic, an MMORPG Mobile game

    Ragnarok M: Classic was officially launched in Southeast Asia on February 14, 2025 and Taiwan, Hong Kong and Macau on April 16, 2025.

    • Ragnarok Idle Adventure Plus, a Vertical Idle MMORPG Mobile game

    Ragnarok Idle Adventure Plus was launched in Global except for Taiwan, Hong Kong, Macau, China, Korea and Japan on February 20, 2025 and is underway for its launch in Taiwan, Hong Kong and Macau in the second quarter of 2025 and Korea in the second half of 2025.

    • Ragnarok X: Next Generation, an MMORPG Mobile and PC game

    Ragnarok X: Next Generation was officially launched in North, Central and South America, Oceania, England, Portugal, Spain and Ireland on May 8, 2025 and will be launching in Europe (except England, Portugal, Spain and Ireland) in the second quarter of 2025.

    • THE RAGNAROK, an MMORPG game

    THE RAGNAROK (Chinese title: 巴風特之怒) will be launched on WeChat (H5) Mini Programs in China in the second quarter of 2025.

    • Ragnarok: Dawn (tentative English title), an Idle MMORPG game

    Ragnarok: Dawn (tentative English title) was officially launched on WeChat Mini Programs in China on February 20, 2025, and mobile app version will be launched in Taiwan, Hong Kong and Macau in the second half of 2025.

    • Ragnarok V: Returns, a 3D MMORPG Mobile and PC game

    Ragnarok V: Returns was officially launched in Thailand, Indonesia and Philippines on March 27, 2025.

    • Ragnarok: Back to Glory, a 3D MMORPG Mobile game

    Ragnarok: Back to Glory was officially launched in Korea and re-launched in Southeast Asia on April 17, 2025 and will be launched in China in the third quarter of 2025.

    • Ragnarok Crush, a Puzzle and Tower Defense Mobile game

    Ragnarok Crush will be launched in Global in July 2025.

    • Ragnarok Online America Latina, an MMORPG PC game

    Ragnarok Online America Latina is scheduled to be direct-serviced in Latin America on May 28, 2025.

    • Ragnarok Zero, an RPG PC game

    Ragnarok Zero is being prepared to be launched in Taiwan in July 2025.

    • Ragnarok Libre, a Time Effective MMORPG Telegram game

    Ragnarok Libre is underway for its launch in Global in the second quarter of 2025.

    Ragnarok Online IP-based Blockchain Game

    • Ragnarok Landverse, an MMORPG Blockchain and PC game

    Ragnarok Landverse will be launched in Latin America in the second half of 2025.
    Ragnarok Landverse Genesis, a global new server integrated with RONIN platform, ranked first in trading volume after its official release in Global on March 29, 2025.

    Other IP-based games

    • JLPGA Heroine Collection, a Sports Mobile game

    JLPGA was officially launched in Japan on March 25, 2025.

    • Shambles: Sons of Apocalypse, a Deck-building Roguelike Mobile game

    Shambles: Sons of Apocalypse, was officially launched in Global except for China, Vietnam and Taiwan on March 27, 2025

    • Twilight Monk, a 2.5D Action RPG Console game

    Twilight Monk, was officially launched in Global on March 27, 2025

    • Snow Brothers 2 Special, an Action and Platformer Console game

    Snow Brothers 2 Special, was officially launched in Global on April 10, 2025

    • Meow Star Acers 2, a Farm Simulation Mobile game

    Meow Star Acers 2, is scheduled to be launched in Global in the second half of 2025.

    • Dragonica Origin, an MO Action RPG PC game

    Dragonica Origin will be launched in Southeast Asia in June 2025.

    • Gunbound, an MMO Turned-based Artillery PC game

    Gunbound is underway for its launch in Southeast Asia and Latin America in the second quarter of 2025.

    Expansion of Ragnarok IP-business

    Ragnarok Golf Monsters is an indoor-screen golf brand based on the Ragnarok monster characters. Gravity Communications Co., Ltd. opened the first facility of Ragnarok Golf Monsters in Taipei, Taiwan on February 27, 2025.

    Our New Subsidiary

    Gravity established Gravity Game Unite Sdn. Bhd. (“Gravity Game Unite”), a subsidiary in Malaysia, on March 12, 2025. Gravity will expand various game services including Ragnarok Online IP based games throughout Gravity Game Unite in Malaysian regions.

    Investor Presentation

    Gravity issued an investor presentation. The presentation contains the Company’s recent business updates, results of the first quarter in 2025 and Gravity’s business plan. The presentation can be found on the Company’s website under the IR Archives section at https://www.gravity.co.kr/en/ir/updates. Korean and Japanese versions of the presentation are also provided on the website.

    About GRAVITY Co., Ltd. —————————————————
    Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

    Forward-Looking Statements:

    Certain statements in this press release may include, in addition to historical information, “forward-looking statements” within the meaning of the “safe-harbor” provisions of the U.S. Private Securities Litigation Reform Act 1995. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe”, “project,” or “continue” or the negative thereof or other similar words, although not all forward-looking statements contain these words. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the “SEC”), including our annual report for the fiscal year ended December 31, 2024 on Form 20-F, together with such other documents that we may submit to or file with the SEC from time to time, on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances.

    Contact:

    Mr. Heung Gon Kim
    Chief Financial Officer
    Gravity Co., Ltd.
    Email: kheung@gravity.co.kr

    Ms. Jin Lee
    Ms. Yujin Oh
    IR Unit
    Gravity Co., Ltd.
    Email: ir@gravity.co.kr
    Telephone: +82-2-2132-7800

    GRAVITY Co., Ltd.
    Consolidated Statements of Financial Position

    (In millions of KRW and thousands of US$)

        As of
        31-Dec-24     31-Mar-25
        KRW     US$     KRW     US$
        (audited)     (unaudited)     (unaudited)     (unaudited)
    Assets                              
    Current assets:                              
    Cash and cash equivalents          228,898          155,244          201,367          136,572
    Short-term financial instruments          324,304         219,951           375,796           254,874
    Accounts receivable, net            81,152           55,039            74,469            50,507
    Other receivables, net              1,572             1,066              2,162              1,466
    Prepaid expenses               8,115             5,504              6,669              4,523
    Other current financial assets              6,602             4,478              6,033               4,092
    Other current assets              2,967              2,012               3,091               2,096
    Total current assets          653,610         443,294          669,587           454,130
    Property and equipment, net              9,957              6,753            10,576              7,173
    Intangible assets, net              7,057              4,786               6,414               4,350
    Deferred tax assets              5,617              3,810               6,294               4,269
    Other non-current financial assets                  1,767                1,198                   670                   454
    Other non-current assets              8,451             5,732             9,366              6,352
    Total assets          686,459         465,573          702,907          476,728
    Liabilities and Equity                              
    Current liabilities:                              
    Accounts payable            67,930           46,072            63,048            42,761
    Deferred revenue            26,761            18,150            24,015            16,288
    Withholdings              1,588              1,077              1,635               1,109
    Accrued expense              2,651             1,798              2,168              1,470
    Income tax payable              6,507             4,413              8,782              5,956
    Other current liabilities              3,212             2,178              3,390              2,299
    Total current liabilities              108,649              73,688            103,038              69,883
    Long-term account payables                 220                149                 220                 149
    Long-term deferred revenue              2,572             1,744              1,322                  897
    Other non-current liabilities              5,361              3,636              5,904               4,003
    Deferred tax liabilities              1,294               878              1,294                  878
    Total liabilities           118,096           80,095          111,778             75,810
    Share capital              3,474             2,356              3,474               2,356
    Capital surplus                26,979              18,298              26,979              18,298
    Other components of equity            23,801           16,143            24,507             16,621
    Retained earnings          513,418          348,212           535,456           363,159
    Equity attributable to owners of the Parent Company          567,672          385,009          590,416           400,434
    Non-controlling interest                 691                 469                  713                  484
    Total equity          568,363          385,478          591,129           400,918
    Total liabilities and equity          686,459         465,573          702,907           476,728

    * For convenience purposes only, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,474.44 to US$ 1.00, the noon buying rate in effect on March 31, 2025 as quoted by the Federal Reserve Bank of New York.

    GRAVITY Co., Ltd.
    Consolidated Statements of Comprehensive Income

    (In millions of KRW and thousands of US$ except for share and ADS data)

        Three months ended
        31-Dec-24     31-Mar-24     31-Mar-25
        (KRW)   (US$)     (KRW)   (US$)     (KRW)   (US$)
        (unaudited)   (unaudited)     (unaudited)   (unaudited)     (unaudited)   (unaudited)
    Revenues:                            
    Online games   19,822   13,444                    18,065   12,252                    18,806   12,755
    Mobile games   105,586   71,611                    98,548   66,838                   115,486   78,325
    Other revenue   4,315   2,927                      3,166   2,147                      3,172   2,151
    Total net revenue   129,723   87,982                   119,779   81,237                  137,464   93,231
    Cost of revenue   81,008   54,942                    73,628   49,936                    87,458   59,316
    Gross profit   48,715   33,040                    46,151   31,301                    50,006   33,915
    Operating expenses:                            
    Selling, general and administrative expenses   28,311   19,201                    15,747   10,680                    21,859   14,825
    Research and development   3,669   2,488                      3,601   2,442                      3,431   2,327
    Others, net                            785                       534                               (66)                      (45)                               (14)                         (9)
    Total operating expenses   32,765   22,223                    19,282   13,077                    25,276   17,143
    Operating profit   15,950   10,817                    26,869   18,224                    24,730   16,772
    Finance income(costs):                            
    Finance income                     9,801               6,647                      6,297   4,271                    10,717   7,269
    Finance costs                          (374)                     (254)                            (668)                    (453)                         (6,997)                 (4,746)
    Profit before income tax   25,377   17,210                    32,498   22,042                    28,450   19,295
    Income tax expense   2,274   1,542                      5,615   3,808                      6,372   4,322
    Profit for the year   23,103   15,668                    26,883   18,234                    22,078   14,973
    Profit attributable to:                            
    Non-controlling interest                                 4                           3                                 17                        12                                 40                         26
    Owners of Parent company   23,099   15,665                    26,866   18,222                    22,038   14,947
    Earning per share                            
    – Basic and diluted                      3,324                 2.25                      3,866   2.62                      3,171   2.15
    Weighted average number of shares outstanding                            
    – Basic and diluted               6,948,900        6,948,900               6,948,900   6,948,900               6,948,900   6,948,900
    Earning per ADS                            
    – Basic and diluted                      3,324                2.25                     3,866   2.62                    3,171   2.15

    * For convenience, the KRW amounts are expressed in U.S. dollars at the rate of KRW 1,474.44 to US$1.00, the noon buying rate in effect on March 31, 2025 as quoted by the Federal Reserve Bank of New York.
    (1) Each ADS represents one common share.

    The MIL Network –

    May 9, 2025
  • MIL-OSI Video: UK Watch live: Lords marks the 80th Anniversary of victory in Europe and victory over Japan

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

    On Friday in the House of Lords, members hold a debate to mark the 80th anniversary of victory in Europe and victory over Japan.

    Find out more and see who’s taking part https://www.parliament.uk/business/news/2025/april/house-of-lords-80th-anniversary-ve-day-vj-day/

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • X: https://twitter.com/UKHouseofLords
    • Bluesky: https://bsky.app/profile/houseoflords.parliament.uk
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament #VEDay

    https://www.youtube.com/watch?v=6hbOnGfWvEA

    MIL OSI Video –

    May 9, 2025
  • MIL-OSI Asia-Pac: SCED begins visit to Beijing

    Source: Hong Kong Government special administrative region

         The Secretary for Commerce and Economic Development, Mr Algernon Yau, began his visit to Beijing today (May 9).
     
         ​Mr Yau called on a number of departments of the Ministry of Commerce to update them on the latest developments of Hong Kong in promoting trade and attracting business and investment, and exchange views.
     
         ​Mr Yau said that even in the face of protectionism and unilateralism, in particular the unreasonable coercion of the so-called reciprocal tariff, Hong Kong will continue to capitalise on the unparalleled advantages under “one country, two systems” to consolidate and enhance its status as an international trade centre, playing its dual roles of assisting Mainland enterprises to go global and attracting overseas investment. The Hong Kong Special Administrative Region Government will step up efforts in attracting enterprises and investment, explore more new markets and at the same time better integrate into the overall national development, seizing opportunities arising from the country’s domestic circulation and giving full play to Hong Kong’s roles as a “super connector” and “super value-adder” in addressing the changes in the global economic and trade landscape.
     
         ​In addition, Mr Yau met with representatives of Hong Kong enterprises in Beijing to learn about the latest local developments and business opportunities, and exchange views on the challenges faced by enterprises in the complex international environment.
     
         ​Mr Yau will proceed to Qatar tomorrow (May 10) to join the business delegation led by the Chief Executive, Mr John Lee, for a visit to the Middle East. During Mr Yau’s absence, the Under Secretary for Commerce and Economic Development, Dr Bernard Chan, will be the Acting Secretary for Commerce and Economic Development.

    MIL OSI Asia Pacific News –

    May 9, 2025
  • MIL-OSI Economics: Four NBFCs surrender their Certificate of Registration to RBI

    Source: Reserve Bank of India

    The following four Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

    i) Cancellation of CoR due to exit from Non-Banking Financial Institution (NBFI) business

    Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Date of Cancellation of CoR
    1 Sicom Investments & Finance Limited Sixth Floor, Solitare Corporate Park, Bldg No. 4, Chakala, Andheri (East), Mumbai, Mumbai, Maharashtra – 400093 N-13.01842 September 08, 2006 April 04, 2025
    2 Pioneer Holdings Private Limited Shriram Mansion, Ground Floor, Parekh Street, Mumbai, Maharashtra – 400004 N-13.01654 January 06, 2003 April 24, 2025
    3 Easyaccess Financial Services Limited No 18 (Old No 40), 2nd Floor, Mussuri Subramaniam Salai (Oliver Road), Mylapore, Chennai, Tamil Nadu – 600004 N-07.00775 December 22, 2008 April 29, 2025

    ii) Cancellation of CoR due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.

    Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Date of cancellation of CoR
    1 Eastern Credit Capital Private Limited Ramkrishna Chambers 72, Shakespeare Sarani, Kolkata, West Bengal – 700017 B.05.06803 December 20, 2012 April 09, 2025

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/295

    MIL OSI Economics –

    May 9, 2025
  • MIL-OSI Economics: RBI cancels Certificate of Registration of one NBFC and one ARC

    Source: Reserve Bank of India

    The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following company.

    Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
    1 R.L. Investment and Finance Company Limited 61/211, Canal Road, Kanpur, Uttar Pradesh – 208001 12.00010 February 21, 1998 April 08, 2025

    As such, the above company shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

    Further, the Reserve Bank of India, in exercise of powers conferred on it under Section 4 (1) (e) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, has cancelled the Certificate of Registration of the following company.

    Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
    1 India Resurgence ARC Private Limited 304, 3rd Floor, Piramal Tower, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai, Maharashtra – 400013 029/2018 October 23, 2018 April 04, 2025

    As such, the above company shall not transact the business of an Asset Reconstruction Company.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/296

    MIL OSI Economics –

    May 9, 2025
  • MIL-Evening Report: USP World Press Freedom Day warnings over AI, legal reform and media safety

    World Press Freedom Day is not just a celebration of the vital role journalism plays — it is also a moment to reflect on the pressures facing the profession and Pacific governments’ responsibility to protect it.

    This was one of the key messages delivered by two guest speakers at The University of the South Pacific (USP) Journalism’s 2025 World Press Freedom Day celebrations this week, the UN Human Rights Adviser for the Pacific, Heike Alefsen, and Fiji Media Association’s general secretary, Stanley Simpson.

    In her address to journalism students and other attendees on Monday, chief guest Alefsen emphasised that press freedom is a fundamental pillar of democracy, a human right, and essential for sustainable development and the rule of law.

    “Media freedom is a prerequisite for inclusive, rights-respecting societies,” Alefsen said, warning of rising threats such as censorship, harassment, and surveillance of journalists — especially with the spread of AI tools used to manipulate information and monitor media workers.

    UN Human Rights Adviser for the Pacific Heike Alefsen (from left), USP Journalism programme head Dr Shailendra Singh, and Fiji Media Association’s general secretary Stanley Simpson . . . reflecting on pressures facing the profession of journalism. Image: Mele Tu’uakitau

    AI and human rights
    She stressed that AI must serve human rights — not undermine them — and that it must be used transparently, accountably, and in accordance with international human rights law.

    “Some political actors exploit AI to spread disinformation and manipulate narratives for personal or political gain,” she said.

    She added that these risks were compounded by the fact that a handful of powerful corporations and individuals now controlled much of the AI infrastructure and influenced the global media environment — able to amplify preferred messages or suppress dissenting voices.

    “Innovation cannot come at the expense of press freedom, privacy, or journalist safety,” she said.

    Regarding Fiji, Alefsen praised the 2023 repeal of the Media Industry Development Act (MIDA) as a “critical turning point,” noting its positive impact on Fiji’s ranking in the RSF World Press Freedom Index.

    World Press Freedom Day at The University of the South Pacific on Monday. Image: USP — the country rose four places to 40th in the 2025 survey.

    However, she emphasised that legal reforms must continue, especially regarding sedition laws, and she highlighted ongoing challenges across the Pacific, including financial precarity, political pressure, and threats to women journalists.

    According to Alefsen, the media landscape in the Pacific was evolving for the better in some countries but concerns remained. She highlighted the working conditions of most journalists in the region, where financial insecurity, political interference, and lack of institutional support were prevalent.

    “Independent journalism ensures transparency, combats disinformation, amplifies marginalised voices, and enables people to make informed decisions about their lives and governance. In too many countries around the world, journalists face censorship, detention, and in some cases, death — simply for doing their jobs,” she said.

    Strengthening media independence and sustainability
    Keynote speaker Stanley Simpson, echoed these concerns, adding that “the era where the Fiji media could survive out of sheer will and guts is over.”

    “Now, it’s about technology, sustainability, and mental health support,” he said.

    Speaking on the theme, Strengthening Media Independence and Sustainability, Simpson emphasised the need for the media to remain independent, noting that journalists are often expected to make greater sacrifices than professionals in other industries.

    “Independence — while difficult and challenging — is a must in the media industry for it to maintain credibility. We must be able to think, speak, write, and report freely on any matter or anyone,” Simpson said.

    According to Simpson, there was a misconception in Fiji that being independent meant avoiding relationships or contacts.

    “There is a need to build your networks — to access and get information from a wide variety of sources. In fact, strengthening media independence means being able to talk to everyone and hear all sides. Gather all views and present them in a fair, balanced and accurate manner.”

    He argued that media could only be sustainable if it was independent — and that independence was only possible if sustainability was achieved. Simpson recalled the events of the 2006 political upheaval, which he said contributed to the decline of media freedom and the collapse of some media organisations in Fiji.

    “Today, as we mark World Press Freedom Day, we gather at this great institution to reflect on a simple yet profound truth: media can only be truly sustainable if it is genuinely free.

    “We need democratic, political, and governance structures in place, along with a culture of responsible free speech — believed in and practised by our leaders and the people of Fiji,” he said.

    USP students and guests at the 2025 World Press Freedom Day event. Picture: Mele Tu’uakitau

    The new media landscape
    Simpson also spoke about the evolving media landscape, noting the rise of social media influencers and AI generated content. He urged journalists to verify sources and ensure fairness, balance and accuracy — something most social media platforms were not bound by.

    While some influencers have been accused of being clickbait-driven, Simpson acknowledged their role. “I think they are important new voices in our democracy and changing landscape,” he said.

    He criticised AI-generated news platforms that republished content without editorial oversight, warning that they further eroded public trust in the media.

    “Sites are popping up overnight claiming to be news platforms, but their content is just AI-regurgitated media releases,” he said. “This puts the entire credibility of journalism at risk.”

    Fiji media challenges
    Simpson outlined several challenges facing the Fiji media, including financial constraints, journalist mental health, lack of investment in equipment, low salaries, and staff retention. He emphasised the importance of building strong democratic and governance structures and fostering a culture that respects and values free speech.

    “Many fail to appreciate the full scale of the damage to the media industry landscape from the last 16 years. If there had not been a change in government, I believe there would have been no Mai TV, Fiji TV, or a few other local media organisations today. We would not have survived another four years,” he said.

    According to Simpson, some media organisations in Fiji were only one or two months away from shutting down.

    “We barely survived the last 16 years, while many media organisations in places like New Zealand — TV3’s NewsHub — have already closed down. The era where the Fiji media would survive out of sheer will and guts is over. We need to be more adaptive and respond quickly to changing realities — digital, social media, and artificial intelligence,” he said.

    Dr Singh (left) moderates the student panel discussion with Riya Bhagwan, Maniesse Ikuinen-Perman and Vahefonua Tupola. Image: Mele Tu’uakitau

    Young journalists respond
    During a panel discussion, second-year USP journalism student Vahefonua Tupola of Tonga highlighted the connection between the media and ethical journalism, sharing a personal experience to illustrate his point.

    He said that while journalists should enjoy media freedom, they must also apply professional ethics, especially in challenging situations.

    Tupola noted that the insights shared by the speakers and fellow students had a profound impact on his perspective.

    Another panelist, third-year student and Journalism Students Association president Riya Bhagwan, addressed the intersection of artificial intelligence and journalism.

    She said that in this era of rapid technological advancement, responsibility was more critical than ever — with the rise of AI, social media, and a constant stream of information.

    “It’s no longer just professional journalists reporting the news — we also have citizen journalism, where members of the public create and share content that can significantly influence public opinion.

    “With this shift, responsible journalism becomes essential. Journalists must uphold professional standards, especially in terms of accuracy and credibility,” she said.

    The third panelist, second-year student Maniesse Ikuinen-Perman from the Federated States of Micronesia, acknowledged the challenges facing media organisations and journalists in the Pacific.

    She shared that young and aspiring journalists like herself were only now beginning to understand the scope of difficulties journalists face in Fiji and across the region.

    Maniesse emphasised the importance of not just studying journalism but also putting it into practice after graduation, particularly when returning to work in media organisations in their home countries.

    The panel discussion, featuring journalism students responding to keynote addresses, was moderated by USP Journalism head of programme Dr Shailendra Singh.

    Dr Singh concluded by noting that while Fiji had made significant progress with the repeal of the Media Industry Development Act (MIDA), global experience demonstrated that media freedom must never be taken for granted.

    He stressed that maintaining media freedom was an ongoing struggle and always a work in progress.

    “As far as media organisations are concerned, there is always a new challenge on the horizon,” he said, pointing to the complications brought about by digital disruption and, more recently, artificial intelligence.

    • Fiji rose four places to 40th (out of 180 nations) in the RSF 2025 World Press Freedom Index to make the country the Oceania media freedom leader outside of Australia (29) and New Zealand (16).

    Niko Ratumaimuri is a second-year journalism student at The University of the South Pacific’s Laucala Campus. This article was first published by the student online news site Wansolwara and is republished in collaboration with Asia Pacific Report.

    USP Journalism students, staff and guests at the 2025 World Press Freedom Day celebrations at Laucala campus on Monday. Image: Mele Tu’uakitau

    Article by AsiaPacificReport.nz

    MIL OSI Analysis – EveningReport.nz –

    May 9, 2025
  • MIL-OSI Economics: Open Market Operation (OMO) – Purchase of Government of India Securities held on May 09, 2025: Cut-Offs

    Source: Reserve Bank of India

    Security 6.54% GS 2032 7.57% GS 2033 6.19% GS 2034 6.64% GS 2035 7.54% GS 2036
    Total amount notified Aggregate amount of ₹25,000 crore
    (no security-wise notified amount)
    Total amount (face value) accepted by RBI (₹ in crore) 3,300 7,124 1,850 10,510 2,216
    Cut off yield (%) 6.3203 6.4005 6.3681 6.4548 6.4993
    Cut off price (₹) 101.17 107.29 98.75 101.35 108.10
    Detailed results will be issued shortly.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/294

    MIL OSI Economics –

    May 9, 2025
  • MIL-OSI Asia-Pac: HyD holds sharing session on Hong Kong’s major transport infrastructure projects to exchange innovative engineering experiences with Mainland counterparts in Shanghai (with photos)

    Source: Hong Kong Government special administrative region

         The Director of Highways, Mr Tony Yau, today (May 9) led a department delegation in a sharing session on Hong Kong’s major transport infrastructure projects with Mainland counterparts in Shanghai to jointly exchange innovative experiences in implementing transport infrastructure works. The sharing session attracted the participation of many Mainland counterparts, who came from more than 20 contractors, light-rail manufacturers, railway operators, design institutes, etc which are respectively central state-owned enterprises, state-owned enterprises and civilian-run enterprises, including China Railway Group Limited, China Road and Bridge Corporation, China Railway Construction Corporation Limited represented by China Civil Engineering Construction Corporation, CRRC Nanjing Puzhen Company Limited, CRRC Qingdao Sifang Company Limited, CRRC Zhuzhou Institute Company Limited, BYD Company Limited, Shanghai Shenkai Public Transport Operation Management Company Limited, and Shanghai Municipal Engineering Design Institute (Group) Company Limited, etc.

         At the sharing session, the Highways Department (HyD) introduced the major findings of the Strategic Studies on Railways and Major Roads beyond 2030, which covered cross-boundary railway projects (the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) and the Northern Link Spur Line); smart and green mass transit systems (the East Kowloon Line and the South Island Line (West)); and strategic route projects (the Northern Metropolis Highway and Route 11) being planned and implemented by the department to the Mainland counterparts. The attendees were very interested in the implementation of these projects.

         The HyD will soon seek funding approval for the investigation and design work of the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) project from the Legislative Council. Government Engineer of Railway Development Mr Thomas Sze said at the sharing session that the preliminary design of the project would commence in the second half of 2025, while at the same time the department would invite relevant contractors and operators to submit expressions of interest to provide their views on project proposals, procurement and financial agreements, so as to facilitate the department in ascertaining the market’s interest and capability in the construction and operation of the project, thereby formulating appropriate tender specifications and terms. Mr Sze appealed for active participation of interested parties and added that the HyD would strive to award the works contract and commence the detailed design and construction works between 2027 and 2028, with a view to completing the works and achieving simultaneous commissioning of the Hong Kong section and the Shenzhen section by 2034 to 2035. In addition, the HyD is actively exploring with Mainland counterparts to adopt Mainland design standards and construction specifications in the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) project as a cross-boundary railway project, as well as the arrangement of introducing Mainland new machineries, construction materials and innovative construction technologies in the project, with an aim to further achieving savings in construction costs and compressing construction time.

         Mr Yau said that the teams of Hong Kong’s major infrastructure projects have always possessed the features of internationalisation, with many major infrastructures jointly designed and constructed by leading local and global engineering firms in the past. He hoped that the department would adopt a “technological innovation” and “policy innovation” dual-innovation mindset and approach to attract more Mainland enterprises to participate in the implementation of Hong Kong’s infrastructure projects, thereby introducing advanced and innovative construction technologies as well as new construction materials and machineries from the Mainland, while integrating the unique experience of the local engineering talent in responding to environmental challenges in Hong Kong, allowing the engineering sectors on the Mainland and in Hong Kong to jointly capitalise on their respective strengths and join hands to lead the development of Hong Kong’s engineering technology to new heights, thus achieving the goal of further shortening construction times and reducing construction costs.

            

    MIL OSI Asia Pacific News –

    May 9, 2025
  • MIL-OSI: Nagano Tonic Complaints Explained: 2025 Nagano Lean Body Tonic User Reviews Analysed & Verified

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 09, 2025 (GLOBE NEWSWIRE) —

    • Why Nagano Lean Body Tonic Is Making Waves in 2025’s Natural Weight Loss Scene
    • Nagano Tonic Complaints: What’s Really Behind the Negative Reviews?
    • Metabolic Biohacking & Thermogenesis: Unlocking Your Body’s Natural Fat-Burning Power
    • Appetite, Digestion, and Energy: The Science Behind EGCG, Inulin, Ashwagandha, and Bitter Melon
    • The Hidden Saboteurs of Weight Loss: Cravings, Stress, Fatigue, and Gut Imbalances
    • Inside the Formula: Ingredient Profile, Claimed Benefits & Where It May Fall Short
    • Cost, Guarantees & Where to Buy: What to Know Before Ordering from the Official Nagano Website
    • Your Top Questions Answered: Side Effects, Results Timeline, Dosage & More
    • Transparency First: Disclaimers, Safety Notes & Smart Supplement Shopping Tips

    Nagano Tonic Complaints Investigated – 2025 User Reviews Verified

    Nagano Lean Body Tonic is emerging as a popular clean-label supplement in 2025, promoted for its natural support of metabolism, appetite control, and energy levels. This article offers a balanced, in-depth look at verified customer reviews, reported complaints, and the science behind its ingredients.

    While it’s not a miracle solution, many users describe steady fat loss, improved energy, and fewer cravings with consistent use. Formulated with well-researched compounds like green tea extract (EGCG), inulin, ashwagandha, and bitter melon, the tonic promotes a holistic approach to weight management by addressing metabolism, digestion, and stress.

    Sold exclusively through the official website, it’s backed by a 180-day money-back guarantee. This review aims to help readers decide whether this trending fat-burning formula delivers real results, without the hype or hidden drawbacks.

    Introduction To Nagano Lean Body Tonic

    In the evolving world of natural weight loss solutions, few products have stirred as much conversation in 2025 as Nagano Lean Body Tonic. Marketed as a metabolism-boosting formula inspired by traditional Japanese wellness principles, this powdered supplement has drawn attention not only for its fat-burning claims but also for a rising number of user reviews, ranging from enthusiastic praise to critical feedback. As interest grows, so does the need for a clear, honest assessment before clicking “buy.”

    Nagano Tonic’s appeal lies in its clean, natural ingredient lineup and its promise to combat stubborn fat, enhance energy, and support wellness—all without synthetic stimulants. But with increased visibility comes scrutiny. Some users have voiced concerns about effectiveness, delayed results, and taste, highlighting the importance of real user experiences in understanding the full picture.

    This article takes a deep dive into the 2025 reviews of Nagano Lean Body Tonic, weighing both the pros and the cons. We’ll also explore common obstacles to lasting weight loss—and how this tonic claims to address them through a modern “biohacking” approach. Biohacking involves optimizing your biology through lifestyle, nutrition, and supplementation—something this formula claims to support through ingredients aimed at metabolism, cravings, and energy levels.

    In a crowded wellness market, transparent, up-to-date analysis is essential. That’s what you’ll find here: a detailed, unbiased, and SEO-friendly breakdown covering everything from ingredient science to pricing and policies, so you can decide whether Nagano Lean Body Tonic is truly worth your time and trust.

    Understanding The Common Weight Loss Challenges

    In 2025, weight loss remains anything but simple. More people are beginning to understand that there’s no universal fix, especially as metabolic health, hormones, and daily habits become more central to long-term success. For those who’ve cycled through countless fat-burning pills, fad diets, and intense workouts only to see minimal or fleeting results, frustration is mounting. To evaluate whether Nagano Lean Body Tonic is a viable solution, it’s essential to first unpack the real challenges of today’s weight loss landscape.

    Why Belly Fat Remains So Stubborn

    For countless men and women, abdominal fat is more than just an aesthetic concern—it’s a deeply persistent issue tied to stress, aging, and a sluggish metabolism. This is one of the hardest areas to lose fat, often resisting even the most disciplined efforts. The search for deeper, metabolism-driven solutions has become a priority.

    That’s where emerging ideas like “thermogenic activation” and “metabolic biohacking” come into play. These modern approaches mark a shift from crash diets to science-informed, natural methods that work with the body, not against it. Nagano Tonic embraces this shift by aiming to realign the body’s metabolic rhythm with plant-based ingredients inspired by traditional Japanese herbal practices. The goal? To promote more efficient fat-burning and sustained wellness.

    While the tonic isn’t a medical treatment, its formula includes natural compounds linked to energy enhancement and metabolic support, factors that could help reduce stubborn fat when combined with healthy habits.

    Cravings, Appetite, and the Dieting Dilemma

    Uncontrolled cravings are a major obstacle to achieving sustainable weight loss. Whether it’s late-night snacking, stress-eating, or blood sugar dips, many people find themselves locked in a cycle of overindulgence followed by guilt and diet restarts. Even the most disciplined low-calorie plans can unravel under the pressure of hunger and emotional triggers.

    This is where natural appetite-regulating ingredients are gaining ground. Compounds like inulin (a gut-friendly prebiotic fiber) and ashwagandha (an adaptogen known for stress balance)—both found in Nagano Tonic—are drawing attention for their potential to curb excessive hunger and support mood stability. While results vary by individual, this approach represents a welcome shift: fueling the body instead of depriving it.

    The Energy-Motivation Connection Often Overlooked

    Fatigue is one of the most underrated barriers to weight loss. When energy runs low, so does motivation to cook, exercise, or stick to goals. Recognizing this link is a game-changer. Instead of relying on caffeine-heavy stimulants that create temporary highs followed by crashes, many health-conscious users are now turning to natural tonics that support daily vitality more sustainably.

    Enter antioxidant-rich superfoods like Camu Camu, Mangosteen, and EGCG from green tea. These aren’t miracle ingredients, but they may contribute to cleaner, more consistent energy when paired with balanced routines. Nagano Lean Body Tonic leans into this philosophy, combining plant-based energy support with a metabolism-friendly formula, offering users a gentler, more holistic alternative to traditional weight loss aids.

    Gut Health, Inflammation, and the Weight Loss Connection

    In 2025, a growing body of research continues to highlight a key—but often overlooked—factor in weight loss resistance: gut health. Imbalances in gut microbiota can lead to chronic inflammation, bloating, sluggish digestion, and intensified sugar cravings—all of which hinder fat loss efforts. As awareness grows, prebiotics and digestive-friendly compounds are gaining mainstream attention. Nagano Lean Body Tonic taps into this trend with ingredients like inulin and ginger, both recognized for their potential to support digestive health and promote a healthier internal environment.

    While these natural compounds are not a replacement for medical treatment, they may serve as a valuable part of a broader wellness routine. The emerging concept of the gut-brain-weight axis—how digestion, mental health, and metabolism are interconnected—is becoming a cornerstone in modern weight management. Formulas that address this triad holistically are earning recognition for their multi-pronged approach to wellness.

    Why Addressing These Core Issues Matters

    Understanding the real barriers to weight loss is more than just identifying what’s going wrong—it’s about aligning with solutions that work with your body, not against it. Nagano Lean Body Tonic appears tailored to meet these challenges, blending the time-tested wisdom of Eastern wellness practices with today’s nutritional science. This makes it an appealing option for those seeking to rebalance their system naturally, without turning to harsh stimulants or restrictive regimens.

    In the next section, we’ll explore how Nagano Tonic carves its place in a saturated wellness market—and whether its ingredient transparency, natural claims, and user experiences support the promises found on its official website.

    Kickstart Your Wellness Journey Naturally with Nagano Lean Body Tonic

    Looking for a cleaner, smarter way to boost metabolism and cut cravings? Nagano Lean Body Tonic may be the modern, natural solution to help you reset and energize from within.

    Read our full analysis to see what real users are saying and whether it truly supports weight loss

    Introducing Nagano Lean Body Tonic

    The surge in interest around Nagano Lean Body Tonic in 2025 is far from accidental. In a market dominated by synthetic diet pills and fleeting health fads, more consumers are gravitating toward clean-label supplements rooted in traditional practices and backed by evolving science. As a powdered drink mix, Nagano Tonic distinguishes itself with a combination of ancient herbal wisdom and functional, metabolism-supporting ingredients.

    But the big question remains: does it actually live up to the hype?

    This section breaks down what the product is, what’s inside it, and how it positions itself as a natural solution to today’s most common weight loss hurdles. You’ll also see how it compares to the flood of detox teas, thermogenic fat burners, and trendy metabolism blends currently crowding the shelves.

    What Exactly Is Nagano Lean Body Tonic?

    Nagano Lean Body Tonic is a powdered dietary supplement designed to be stirred into water or your favorite beverage. It contains a carefully selected mix of fruits, herbs, roots, and adaptogenic botanicals—many inspired by Japanese wellness rituals. Rather than being just another fat-burning formula, Nagano presents itself as a multi-functional wellness tonic aimed at supporting metabolism, reducing cravings, and promoting cleaner, sustained energy.

    Unlike conventional fat burners that rely heavily on caffeine or synthetic appetite suppressants, this tonic opts for a gentler approach. It embraces functional nutrition—working in harmony with your body to restore metabolic balance without overloading your system.

    This reflects a broader 2025 shift toward Eastern-inspired fat-loss strategies, which prioritize internal balance and long-term vitality over short-term gimmicks. Nagano Tonic positions itself at this crossroads: ancient herbal tradition meeting modern nutritional needs.

    Curious To Know More? Visit The Official Nagano Tonic Website Here

    Core Ingredients And Their Functional Benefits

    While the complete ingredient list can be found on the official website (leanbodytonic.com), below is a closer look at the standout components that give Nagano Lean Body Tonic its unique edge over conventional weight loss supplements.

    Camu Camu

    This Amazonian superfruit is revered for its exceptionally high Vitamin C content. Frequently associated with immune support and antioxidant activity, Camu Camu is thought to help reduce oxidative stress, a factor that can contribute to fatigue and stubborn weight gain.

    EGCG (from Green Tea Extract)

    One of the most researched thermogenic compounds in the natural wellness space, EGCG may support fat oxidation and healthy metabolic function, especially when paired with an active lifestyle and balanced nutrition. While not a magic bullet, it remains a valuable asset in the broader metabolic support toolkit.

    Mangosteen

    Southeast Asian herbal traditions often turn to mangosteen for its xanthones—powerful antioxidants believed to support the body’s inflammatory response. Its detox-friendly profile and potential to assist with systemic balance are why it’s featured in many modern wellness blends, including Nagano.

    Ashwagandha

    This revered adaptogen is known for helping the body manage stress and regulate cortisol levels, an important factor given that elevated cortisol is often linked to abdominal fat accumulation. Its calming, balancing effects may also support better emotional eating habits and energy stability.

    Momordica Charantia (Bitter Melon)

    A staple in Eastern medicine, bitter melon has long been used for its potential effects on blood sugar and appetite control. While its intense flavor may not appeal to everyone, its metabolic support properties make it a strategic addition to the Nagano formula.

    Inulin

    This prebiotic fiber plays a dual role—supporting gut health and increasing satiety. By fostering a healthier digestive environment and helping users feel fuller longer, inulin may help cut down on snacking and improve weight control outcomes.

    Other Key Ingredients: Eleuthero Root, Cinnamon Cassia, Ginger, Acerola, and Alfalfa Leaf

    These additional botanicals contribute more than just flavor. They offer a range of potential benefits, including antioxidant protection, digestive comfort, and gentle metabolic regulation. While not headline ingredients, their presence reflects a comprehensive, wellness-first formulation strategy.

    Disclaimer: Effects of natural ingredients can vary significantly between individuals. Nagano Lean Body Tonic is not intended to diagnose, treat, cure, or prevent any disease. Always consult a healthcare professional before starting any supplement, particularly if managing existing health conditions or taking medication.

    Tap To Get Details Of All The Ingredients Used In Nagano Lean Body Tonic From The Official Website

    A Clean-Label Choice For The Conscious Consumer

    In today’s wellness landscape, where artificial additives are increasingly questioned, Nagano Lean Body Tonic sets itself apart with its commitment to clean, plant-based ingredients. By avoiding preservatives, stimulants, and synthetic fillers, the tonic appeals to health-conscious individuals who prefer natural thermogenic support over chemically engineered alternatives.

    Additionally, the product is non-GMO, vegan-friendly, and manufactured in a GMP-certified facility, as stated by the brand. These quality assurances resonate with modern consumers seeking transparency, ethical sourcing, and evidence of good manufacturing standards.

    How Does Nagano Tonic Align With Consumer Expectations?

    What sets Nagano Lean Body Tonic apart isn’t just its ingredient list—it’s the way the formula aims to support multiple facets of weight wellness:

    • Naturally encourages metabolic activity (without synthetic stimulants)
    • Supports stress management with adaptogenic herbs
    • It may help curb cravings thanks to digestion-friendly prebiotics
    • Caters to a clean-living, holistic lifestyle

    These benefits resonate strongly with the mindset of today’s health-conscious consumer, especially in 2025, where sustainable transformation has overtaken fad diets and quick-fix solutions. The tonic’s approach aligns with the growing demand for natural, effective alternatives that address body, mind, and lifestyle in unison.

    Investigating Customer Complaints And Reviews

    As with any supplement that earns buzz, Nagano Lean Body Tonic has its fair share of both advocates and critics. As usage grows, so does the flood of online reviews, social media chatter, Reddit discussions, and blog breakdowns. For curious shoppers, it’s essential to sort through the noise and get a clear picture of what users are actually experiencing.

    In this section, we break down some of the most common criticisms, highlight verified customer success stories, and explore why reactions can differ so much between individuals. Given how often terms like “Nagano Tonic scam,” “real results after 30 days,” or “does it really work?” appear in search results, an unbiased investigation is more than helpful—it’s necessary.

    Top Reported Complaints: What You Should Know

    Although many buyers report positive changes, several recurring complaints stand out. These issues aren’t deal-breakers, but they offer valuable context for prospective users.

    1. Results Can Take Time

    Perhaps the most frequent criticism involves the pace of visible results. Users hoping for dramatic fat loss in just a few days may find themselves disappointed early on.

    “I didn’t feel much difference in the first two weeks, but by week four I noticed more energy and less bloating. Still, it’s not some instant miracle,” wrote one Reddit user in a health thread.

    This gradual improvement is typical of plant-based, clean-label formulas that avoid harsh stimulants or extreme fat-blocking compounds. Like many natural wellness products, consistency and patience are key to unlocking benefits.

    2. Taste and Mixability Concerns

    While many people enjoy the tonic’s slightly fruity, herbal flavor, others describe it as “an acquired taste.” Some report that the texture can be gritty or clumpy, especially when mixed with cold water.

    Tip: Users often find better mixability with warm water or when blending the tonic into smoothies, citrus juice, or herbal tea for a smoother experience.

    3. Not Sold on Major Retail Platforms

    Another point of frustration is the tonic’s limited distribution. It’s sold exclusively through the official website, which prevents access via Amazon, Walmart, or third-party wellness sites. While this helps protect the formula’s integrity, it can be inconvenient for those used to broader availability.

    Important Note: Always purchase from the official site to avoid counterfeit or expired products. Unauthorized resellers may offer imitations or tampered formulations.

    Verified Positive Reviews: What Real Users Say Works

    Now let’s flip the script and explore the growing number of users who report noticeable improvements while using Nagano Lean Body Tonic as part of their daily wellness routine. These testimonials often include boosted energy, reduced bloating, fewer cravings, and gradual but steady fat loss over time.

    1. A Clean Energy Boost—Without the Crash

    A standout benefit reported by many users is an increase in natural energy, especially in the morning hours after taking the tonic.

    “I’ve basically replaced my coffee. It gives me a clean, steady lift with no jitters or mid-morning crashes,” shared one user in a 2025 feedback summary.

    This effect may be attributed to ingredients like green tea extract (rich in EGCG), ginger, and the adaptogen Ashwagandha—all known for promoting balanced, stimulant-free vitality.

    2. Better Appetite Control and Reduced Cravings

    Numerous users say they experienced fewer urges to snack, especially on sugary or processed foods, after consistently taking the tonic for several weeks.

    While it’s difficult to pinpoint exact causes without clinical data, the presence of prebiotic fiber (inulin), cinnamon cassia, and bitter melon may support satiety and blood sugar stability, reducing cravings naturally.

    Disclaimer: These results reflect individual experiences and are not guaranteed. Speak with a healthcare provider for tailored health advice.

    3. Sustainable, Long-Term Results with Consistent Use

    Those who incorporated Nagano Tonic daily, especially alongside light movement, mindful eating, or walking, were more likely to report positive changes.

    “After 8 weeks, I lost 9 pounds. It didn’t happen overnight, but my clothes fit better and my energy is up. This feels like something I can stick with,” noted one verified buyer.

    This reflects the product’s alignment with modern wellness trends that favor long-term body recomposition over dramatic quick fixes.

    See what current users are reporting about their experience with Nagano Tonic, available on the official website

    Why Mixed Reviews Exist, Even When Results Are Positive

    It’s important to understand that supplement performance can vary widely. Factors like diet, stress, sleep, hormone balance, and activity level all play a role in how effective any supplement may be for a given person. Misleading social media ads can also create unrealistic expectations, leading some users to feel disappointed if they don’t experience rapid changes.

    That’s why transparent, balanced reviews like this are essential for setting realistic expectations.

    A Grounded Solution in a Market Full of Hype

    All things considered, Nagano Lean Body Tonic seems to deliver meaningful support for many users, especially those who value consistency, clean ingredients, and holistic health. While no product is perfect, most complaints revolve around personal preferences or timing, not the safety or integrity of the product itself.

    With roots in traditional Japanese wellness and modern metabolic science, the tonic presents itself as a clean, non-GMO, naturally supportive tool in your health toolkit.

    The Science Behind Nagano Lean Body Tonic

    Today’s health-conscious consumer seeks more than just weight loss—they want holistic, natural solutions that support full-body wellness. Nagano Lean Body Tonic steps up to this demand by offering a blend of plant-based compounds rooted in both science and traditional Japanese health practices.

    Let’s dive into the key functions of the formula and how its ingredients may work synergistically to support metabolism, cravings, digestion, and stress resilience.

    1. Metabolic Activation Through Thermogenesis

    A major focus of Nagano Tonic is enhancing metabolic activity via natural thermogenesis—the process of using stored fat as energy. Key ingredients include:

    Green Tea Extract (EGCG):
    EGCG, a potent catechin in green tea, has been shown to support fat oxidation and energy expenditure, especially during physical activity. It’s a well-studied, non-stimulant thermogenic agent found in many effective wellness supplements.

    Note: These effects are based on early-stage studies and user testimonials. Results will vary.

    Ginger + Cinnamon Cassia:
    Known for their warming, digestive, and circulation-boosting properties, these herbs help create an environment that supports metabolic efficiency and energy transformation.

    2. Nutrient-Dense Antioxidants for Systemic Health

    Camu Camu + Mangosteen:
    These antioxidant-rich superfruits are known for reducing oxidative stress and inflammation, both of which are now recognized as roadblocks to optimal metabolism. Camu Camu also delivers a significant dose of vitamin C, supporting immune and mitochondrial function.

    3. Appetite Control and Satiety Support

    Inulin (Prebiotic Fiber):
    Naturally found in chicory root, inulin promotes fullness, supports digestion, and may slow glucose absorption. It also feeds healthy gut bacteria, key players in appetite and weight regulation.

    Bitter Melon (Momordica Charantia):
    Used traditionally for blood sugar support, bitter melon may help reduce sugar-related cravings by encouraging a healthy insulin response.

    Disclaimer: Bitter melon is still being evaluated in scientific studies. Consult your provider before use if you have blood sugar concerns.

    4. Stress Reduction for Weight Stability

    Stress often triggers overeating and belly fat accumulation. The adaptogens in Nagano Tonic help address this root cause:

    Ashwagandha:
    One of the most well-known adaptogens, it may help lower cortisol levels and reduce emotional eating or fatigue associated with chronic stress.

    Eleuthero (Siberian Ginseng):
    Included to support sustained energy and resilience under pressure, this adaptogen helps keep mental and physical fatigue at bay without overstimulating the body.

    5. Gut Health: The Missing Link in Weight Wellness

    Gut health influences metabolism, inflammation, and even mood. By including gut-supportive ingredients like inulin, digestive herbs, and superfruit antioxidants, Nagano Tonic aims to support a healthier internal environment that fosters fat metabolism and emotional well-being.

    Note: This tonic is not intended to diagnose, treat, or cure any disease. Results vary and are not guaranteed.

    The Synergy That Sets It Apart

    What makes Nagano Tonic stand out isn’t one “miracle” ingredient—it’s the harmony of its components. From metabolism and appetite to stress and gut balance, this formula addresses multiple dimensions of wellness. That’s what makes it a good fit for consumers looking for something smarter than another crash diet or caffeine pill.

    In a world filled with synthetic fat burners and exaggerated claims, Nagano Lean Body Tonic offers a gentler, functional path to feeling better, inside and out.

    Curious About How Nagano Tonic Works? Dive Into The Details

    How To Add Nagano Tonic To Your Routine?

    Ease of use is crucial for long-term success, and Nagano Lean Body Tonic fits easily into modern wellness routines.

    Daily Usage Guide:

    • Dosage: One scoop daily
    • How to Mix: Stir into 6–8 oz of water, juice, or smoothies
    • When to Take: Morning, preferably before food
    • Duration: Use consistently for 30–60 days to evaluate effects

    Many users take it alongside light morning movement, meditation, or as part of a clean breakfast routine. It can also be used to support intermittent fasting plans, as it’s low in calories and often described as a metabolic primer.

    Always consult your healthcare provider before beginning any new supplement, especially if pregnant, nursing, or managing a medical condition.

    Pairing Nagano Tonic With Healthy Habits

    One of the key reasons wellness-minded users appreciate Nagano Lean Body Tonic is that it doesn’t require an intense lifestyle overhaul. Still, when paired with purposeful habits, the tonic’s benefits may be noticeably amplified.

    1. Prioritize Morning Hydration

    Since the tonic is mixed with liquid, starting your day with it naturally encourages better hydration. Hydrating early supports digestion, detoxification, and nutrient delivery—all of which are foundational to healthy metabolism.

    Tip: Follow your tonic with an extra glass (16–20 oz) of water to activate your system and support gut function from the start of the day.

    2. Stick to a Whole-Foods Diet

    Nagano Tonic complements—rather than replaces—a nutritious diet. The best outcomes are often reported by those who focus on:

    • Lean proteins (chicken, lentils, eggs)
    • Fiber-rich greens (kale, spinach, broccoli)
    • Slow-burning carbs (quinoa, oats, brown rice)
    • Healthy fats (nuts, olive oil, avocado)

    This type of eating pattern supports metabolic function while reducing inflammation and bloating.

    3. Keep Your Body Moving

    While Nagano doesn’t promise results without movement, it works well alongside light physical activity. Even short daily walks, stretching, or 20-minute workouts can complement the tonic’s natural energy-boosting and fat-burning support.

    These simple efforts can elevate energy, improve hormone function, and reinforce consistent progress.

    4. Layer in Stress Relief

    With stress-regulating ingredients like ashwagandha and eleuthero root already in the mix, adding stress-management habits can further support emotional balance and weight goals. Try:

    • Short breathing sessions or meditation
    • Scented candles or diffusers (lavender, eucalyptus)
    • Tech-free wind-down routines in the evening

    Managing cortisol naturally supports fat metabolism, especially around the midsection.

    Consistency Makes The Difference

    Unlike stimulant-heavy fat burners, Nagano Lean Body Tonic takes a gentler, cumulative approach. It’s designed for long-term metabolic balance rather than short bursts of unsustainable energy.

    Most successful users report visible improvements after 60–90 days of steady use alongside other healthy practices. The focus here is on sustainable progress, not overnight changes.

    Note: Your results will depend on your personal routine, diet, and lifestyle. Nagano is meant to support, not replace, foundational wellness practices.

    Creating A Wellness Ritual That Works

    Nagano Tonic can do more than just assist weight goals—it can anchor positive routines. Whether it becomes part of your breakfast ritual, your pre-walk boost, or a cue for mindful eating, this kind of habit stacking builds momentum.

    By integrating it into your existing structure, you can design a supportive routine that aligns with your wellness goals in a realistic, manageable way.

    Purchasing And Guarantee Details

    Understanding the product is only half the equation—it’s also important to know how the purchase process works. Here’s what to expect when buying Nagano Lean Body Tonic.

    Where To Purchase?

    The tonic is exclusively available through its official website. This ensures you’re getting the genuine product with the correct formulation, not a knockoff. Avoid third-party retailers like Amazon, Walmart, or eBay. These listings are often unauthorized and can carry expired or counterfeit products.

    Buying directly also unlocks exclusive discounts, bulk deals, and updated shipping options.

    Pricing Plans Of Nagano Tonic

    As of now, Nagano Tonic offers three standard packages:

    • Single Bottle: $79 for a 30-day supply
    • Best Value (6 Bottles): $234 total ($39/bottle) 180-day supply
    • Popular (3 Bottles): $177 total ($59/bottle) 90-day supply

    Each order includes usage instructions, and the more you buy, the more you save.

    Tap To Order Nagano Lean Body Tonic From The Official Website

    180-Day Risk-Free Guarantee

    Nagano Tonic is backed by a no-questions-asked, 180-day money-back guarantee. You can try the supplement for up to six months and request a refund, even if the bottles are opened or used.

    Refund Policy Highlights:

    • Valid for all order sizes (1, 3, or 6 bottles)
    • Return shipping is the customer’s responsibility
    • Contact customer service within 180 days for refund instructions

    This generous guarantee shows the brand’s confidence and allows users to evaluate the product at their own pace.

    How To Request A Return?

    To start a refund, contact customer service by email or phone and send the product back to the fulfillment center.

    Contact Details:

    • Email: support@leanbodytonic.com
    • Phone: (863) 591-4284
    • Return Address: 285 Northeast Ave, Tallmadge, OH 44278, USA

    Return Tips:

    • Use trackable shipping
    • Include your order ID and original packaging
    • Keep a copy of your shipping receipt

    Nagano Lean Body Tonic Reviews: Final Thoughts

    In a crowded market of stimulant pills and fad diets, Nagano Lean Body Tonic offers a grounded, holistic alternative. It combines Eastern botanicals and modern science to gently support metabolism, digestion, and energy, without harsh side effects. After reviewing customer testimonials, examining common complaints, and analyzing its ingredients, one thing is clear: Nagano is not a magic bullet, but it is a helpful ally for those pursuing lasting change.

    What makes Nagano stand out is its multifaceted approach. It supports metabolism through ingredients like green tea, ginger, and other thermogenic; helps control cravings with inulin fiber and bitter melon; and enhances stress resilience through adaptogens such as ashwagandha and eleuthero root.

    Additionally, it promotes gut health and digestion, factors often overlooked in weight loss and provides non-stimulant energy support for sustained daily wellness. This thoughtful blend is ideal for individuals seeking not only fat loss but also better mood, improved energy, and enhanced daily performance.

    Used in combination with smart lifestyle habits such as staying hydrated, eating whole foods, getting sufficient sleep, and staying active, Nagano Lean Body Tonic can offer a meaningful edge in your wellness journey.

    Email: support@leanbodytonic.com

    Disclaimer: The information shared about Nagano Lean Body Tonic has not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. Results may vary from person to person. Before starting Nagano Lean Body Tonic—especially if you are pregnant, nursing, taking medications, or managing a medical condition—please consult with your healthcare provider.

    This content is for informational and educational purposes only and should not be considered medical advice. Some links on this page may be affiliate links, meaning we may earn a commission if you choose to purchase through them. Always make informed decisions in partnership with a qualified medical professional when considering any supplement as part of your wellness routine.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5d24aa16-706a-4dbc-8890-71918ce0232f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/063f8cdd-1952-46cb-9a72-030ae0393ad7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/989f78bb-7775-4f64-b791-ede0d85430d6

    The MIL Network –

    May 9, 2025
  • MIL-OSI United Kingdom: Change of His Majesty’s Ambassador to Slovakia: Bilal Zahid

    Source: United Kingdom – Executive Government & Departments

    News story

    Change of His Majesty’s Ambassador to Slovakia: Bilal Zahid

    Mr Bilal Zahid has been appointed His Majesty’s Ambassador to the Slovak Republic in succession to Mr Nigel Baker OBE MVO who will be transferring to another Diplomatic Service appointment. Mr Zahid will take up his appointment during September 2025.

    Mr Bilal Zahid

    Curriculum vitae           

    Full name: Bilal Zahid

    Date Role
    2024 to present Full Time Language Training
    2023 to 2024 Kyiv, Minister Counsellor
    2022 to 2023 FCDO, Joint Head of Ukraine Campaign Unit
    2020 to 2022 FCO, then FCDO, Additional Director, Eastern Europe and Central Asia
    2016 to 2020 Northern Ireland Office, Deputy Director
    2015 to 2016 Northern Ireland Office, Head of Political Section
    2013 to 2015 Deputy Prime Minister’s Office, Private Secretary for Foreign Affairs
    2011 to 2013 Cabinet Office, Policy Adviser, National Security Secretariat
    2009 to 2011 Northern Ireland Office, Fast Stream roles

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom –

    May 9, 2025
  • MIL-OSI Asia-Pac: CA approves changes in shareholding structure of Television Broadcasts Limited

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Communications Authority:

         The Communications Authority (CA) has approved an application by Television Broadcasts Limited (TVB), a domestic free television programme service (free TV) licensee, for changes in its shareholding structure arising from the transfer of certain shares in Young Lion Holdings Limited (YLH), which indirectly holds 25.02 per cent of the voting shares of TVB via its wholly owned subsidiaries, from its existing shareholder to Vanilla Sky Limited, a company controlled by Mr Thomas Hui (Note).

         The changes in the shareholding structure of TVB have taken effect following the completion of the relevant transactions today (May 9). Upon the completion of the transactions, YLH remains the major shareholder of TVB, with Mr Hui becoming the ultimate voting controller of 25.02 per cent of TVB’s voting shares held by YLH.

         In approving the application, the CA is satisfied that after completion of the shareholding changes, TVB will continue to comply with all applicable regulatory requirements under the Broadcasting Ordinance (Cap. 562) and its free TV licence, and be able to honour the investment and programming commitments it has made under its licence.

    Note: Mr Hui is the Executive Chairman of TVB.

    MIL OSI Asia Pacific News –

    May 9, 2025
  • MIL-OSI Russia: China, Russia Should Make New Contributions to Promoting Development and Revival of the Two Countries and Ensuring International Justice: Xi Jinping

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    MOSCOW, May 9 (Xinhua) — Chinese President Xi Jinping said Thursday that China and Russia should take a clear stance and comprehensively coordinate actions to make new and greater contributions to promoting the development and revival of the two countries and upholding international justice.

    Xi Jinping made the statement when he and Russian President Vladimir Putin met with the press following talks in Moscow.

    In the face of global, epochal and historical changes, China and Russia should firmly guide the development trend of bilateral ties and human society, the Chinese president said.

    Noting that the talks with Putin were in-depth, cordial and fruitful, Xi said the two leaders reached new important consensus on many issues, signed a joint statement on further deepening the China-Russia comprehensive strategic partnership of coordination for a new era, and witnessed the exchange of a series of documents on bilateral cooperation, which injected new impetus into the development of ties.

    Xi Jinping said this was his 11th visit to Russia, the country he visited most often as China’s president. On Friday, the Chinese leader will attend celebrations marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War, his second time in a decade attending the grand commemorative event.

    According to Xi Jinping, the past decade has seen major upheavals and transformations in the international situation, as well as a major leap forward in China-Russia relations. The two countries have continuously strengthened and deepened political mutual trust and continuously improved cooperation in various fields.

    China and Russia should maintain the long-standing friendship passed down from generation to generation and remain true friends who have endured trials and tribulations, the Chinese president stressed. Eighty years ago, the peoples of the two countries united in the face of the brutal aggression of militarism and Nazism, fought shoulder to shoulder against the common enemy, and wrote a remarkable and heroic chapter in history, he said.

    The great friendship forged between the two peoples through the trials of war and bloodshed has laid a solid foundation for the high-level development of bilateral relations, Xi said. China and Russia should deepen political mutual trust, strengthen strategic coordination and push bilateral ties toward greater maturity and sustainability, he added.

    The Chinese leader said the two countries should maintain mutually beneficial cooperation and be good partners that help each other prosper.

    The “high-speed train” of Chinese-Russian mutually beneficial cooperation has made an extraordinary journey through mountains and valleys, overcoming challenges and obstacles, Xi Jinping said. During World War II, the two sides supplied each other with much-needed supplies despite the difficulties, and have now achieved record trade turnover, he noted.

    China and Russia should continue to deepen practical cooperation in various fields and strengthen the material basis for comprehensive strategic coordination so as to bring more benefits to the peoples of both countries and inject stronger impetus into global development, he said.

    Xi Jinping noted that Beijing and Moscow should uphold justice and safeguard the international order. China and Russia, as the main theaters of war in Asia and Europe during World War II, made decisive contributions to the victory in the World Anti-Fascist War and laid a solid foundation for the establishment of the post-war international order, he stressed.

    The two countries, as forces of stability, progress and development in the international community, should continue to firmly stand shoulder to shoulder, resolutely safeguard the international system with the UN as the core and the world order based on international law, and continuously promote an equal and orderly multipolar world, Xi said.

    China and Russia should maintain solidarity and mutual assistance and act as leading forces in global governance, the Chinese President noted, stressing that the future of the world should be decided by all countries together, and the fruits of global development should be shared by all.

    As major powers and key emerging market countries, China and Russia have a lofty mission to push global governance toward greater equality and fairness, and should strengthen coordination within multilateral platforms such as the UN, SCO and BRICS, remain committed to genuine multilateralism, guide global governance in the right direction, and promote inclusive economic globalization that benefits everyone, he said.

    Xi Jinping stressed that in the current turbulent and complex international situation, China and Russia must firmly adhere to the spirit of strong bilateral good-neighborliness and friendship, comprehensive strategic coordination and mutually beneficial cooperation.

    According to him, the two countries should work together to overcome challenges, comprehensively enhance the level, scale and sustainability of China-Russia relations, bring more stability to world peace and security, and inject more powerful impetus into global development and prosperity. –0–

    MIL OSI Russia News –

    May 9, 2025
  • MIL-OSI Russia: First special mail train departs from Xinjiang on China-Europe international rail freight route

    Translation. Region: Russian Federal

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

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

    URUMQI, May 9 (Xinhua) — A special train loaded with mail left the Horgos railway border crossing in northwest China’s Xinjiang Uygur Autonomous Region on Thursday bound for Kazakhstan’s Burundai Railway Station, marking the first such freight train in the region to operate on the China-Europe international freight rail route.

    The train is carrying 1,038 parcels weighing a total of 17 tons, containing goods sold through cross-border e-commerce, such as clothing, electronics and everyday items. It will take 2-3 days to reach its destination. After arriving in Kazakhstan, the cargo will be distributed to more than 20 European countries.

    Before the new train, existing trains could only deliver a small amount of mail from Xinjiang to Central Asian countries. Now, it will be possible to deliver an average of 30 tons of mail per month.

    According to a representative of one of the local freight forwarding companies, the formation of this channel for the delivery of postal items will provide business opportunities for both domestic foreign trade enterprises and cross-border e-commerce platforms. -0-

    MIL OSI Russia News –

    May 9, 2025
  • MIL-OSI: Himax to Debut Breakthrough Ultra-Luminous Miniature Dual-Edge Front-lit LCoS Microdisplay at SID Display Week 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, May 09, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the unveiling of its miniature ultra-luminous Dual-Edge Front-lit LCoS microdisplay at Display Week 2025. Organized by the Society for Information Display (SID), Display Week is one of the premier symposiums and exhibitions in the display industry and taking place May 11–16, 2025 in San Jose. Himax Senior Director, Simon Fan-Chiang will deliver an in-depth presentation on this cutting-edge technology during Session 3 of the symposium on May 13.

    Himax’s proprietary Dual-Edge Front-lit LCoS microdisplay integrates both the illumination optics and LCoS panel into an exceptionally compact form factor, as small as 0.09 c.c., and weighing only 0.2 grams, while targeting up to 350,000 nits brightness and 1 lumen output at just 250mW maximum total power consumption, demonstrating unparalleled optical efficiency. With a 720×720 resolution and 4.25µm pixel pitch, it delivers outstanding clarity and color vibrancy in a miniature footprint. The microdisplay’s compact and power-efficient design enables significantly smaller form factors without compromising brightness, clarity, or color, redefining the boundaries of high-performance miniature optics. With industry-leading compact form factor, superior brightness and power efficiency, it is ideally suited for next-generation AR glasses and head-mounted displays where space, weight, and thermal constraints are critical.

    “We are proud to introduce our state-of-the-art Dual-Edge Front-lit LCoS microdisplay, a true milestone in display innovation,” said Jordan Wu, CEO of Himax. This achievement is the result of years of rigorous development, delivering an industry-leading combination of ultra-compact size, extremely lightweight design, high brightness, and exceptional power efficiency to meet the demanding needs of AR device makers. We believe this breakthrough technology will be a game-changer for next-generation AR applications.”

    About Himax Technologies, Inc.

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

    http://www.himax.com.tw

    Forward Looking Statements

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

    Company Contacts:

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

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

    The MIL Network –

    May 9, 2025
  • MIL-OSI Asia-Pac: President Lai extends congratulations on election of His Holiness Pope Leo XIV  

    Source: Republic of China Taiwan

    Details
    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. 

    Details
    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.

    Details
    2025-05-01
    President Lai meets Japan’s LDP Youth Division delegation
    On the morning of May 1, President Lai Ching-te met with a delegation from Japan’s Liberal Democratic Party (LDP) Youth Division. In remarks, President Lai thanked the guests for demonstrating support for deepening Taiwan-Japan ties through concrete actions. The president expressed hope that Taiwan and Japan can continue to conduct exchanges in such areas as national defense, the economy, education, culture, sports, and the arts so that bilateral relations reach even greater heights. A translation of President Lai’s remarks follows: I want to welcome our distinguished guests, who include Diet members in the LDP Youth Division and guests from Junior Chamber International (JCI) Japan, to the Presidential Office. It is also a pleasure to see LDP Youth Division Director Nakasone Yasutaka, House of Representatives Member Hiranuma Shojiro, and House of Councillors Member Kamiya Masayuki again today. I look forward to discussions with all our distinguished guests. The LDP Youth Division and JCI Japan have once again demonstrated support for deepening Taiwan-Japan ties through concrete actions. On behalf of the people of Taiwan, I also want to thank the LDP Youth Division for launching a fundraising campaign to help those affected by the earthquake in Hualien County on April 3 last year. LDP Youth Division members will be important leaders in Japan’s political arena in the future. Taiwan deeply values our exchanges with the Youth Division and hopes to bring about concrete results from such exchanges. Peace and stability in the Taiwan Strait are critical to the security and prosperity of the world, and Taiwan and Japan can work together to promote peace and stability in the Indo-Pacific region. Former Prime Ministers Abe Shinzo and Kishida Fumio, and current Prime Minister Ishiba Shigeru have repeatedly stressed the importance of peace and stability in the Taiwan Strait at important international venues. Taiwan is deeply grateful to Japan’s current and former prime ministers for their concern and support for this issue. Taiwan and Japan can also cooperate in industry and the economy. As our industries are complementary, further cooperation can create win-win outcomes. In the semiconductor industry, for instance, Taiwan’s strengths lie in manufacturing, while Japan’s strengths lie in materials, equipment, and technology. If we work together, the semiconductor industry is sure to see even more robust development. In addition to the economy and national defense, Taiwan and Japan can also conduct exchanges in such areas as education, culture, sports, and the arts. Our countries have long shared deep ties – Director Nakasone’s grandfather, former Prime Minister Nakasone Yasuhiro, was stationed in Taiwan and lived in what is now the Mingde New Residential Quarter of Kaohsiung City’s Zuoying District. I am confident that on the basis of our already solid foundations, Taiwan-Japan relations can reach even greater heights. Director Nakasone then delivered remarks, first thanking President Lai for finding time in his busy schedule to meet with the visiting delegation. He said that the LDP Youth Division sends a visiting delegation to Taiwan each year and is always granted the opportunity to meet with the president, demonstrating his high regard for the delegation, for which the director again expressed his gratitude. He remarked that he, together with House of Representatives Member Suzuki Keisuke, visited Taiwan last July, and that whenever he visits Taiwan, it feels as if he is returning home. Director Nakasone recalled President Lai’s earlier remarks, saying that he hopes the young people of Taiwan and Japan can fully engage in exchanges in the areas of national defense, the economy, culture, education, and the arts. The director said he believes that in today’s complex and difficult international situation, such directives are necessary. This is especially so, he emphasized, during United States President Donald Trump’s second term, when things once taken for granted are no longer so, and when the global economy is undergoing significant changes. Director Nakasone expressed his full support for strengthening Taiwan and Japan’s practical and strategic cooperation. He said he believes each side will be able to benefit from such cooperation and hopes that exchanges will progress toward shared goals. He pointed out that, as maritime nations, Taiwan and Japan share the goals of protecting the ocean and using marine resources wisely, goals that we ought to cooperate on and devote our full efforts to. The peace and stability of the Taiwan Strait are critical to the peace and stability of East Asia and even the world, he said, so we must ensure that the world and its leaders recognize this point, and Japan will do its utmost to advocate for it. Director Nakasone said, on the topic of semiconductors, that Taiwan Semiconductor Manufacturing Company’s new fab in Japan’s Kumamoto Prefecture has made the area very lively, adding that the Japanese government is providing more than 1.25 trillion yen in subsidies. Moving forward, the Japanese government plans to inject an additional 10 trillion yen, he said, to aid in the development of AI and other fields. Noting that Taiwan and Japan both excel in semiconductors, he expressed his hope that each can give free rein to its strengths to produce an even greater effect. Director Nakasone said that despite Taiwan’s facing formidable internal and external circumstances, it saw 4.6 percent economic growth last year under President Lai’s strong leadership, and it continued to promote measures to enhance overall societal resilience, all of which is admirable. In closing, the director thanked President Lai once again for taking the time to meet with them. Also in attendance were Japanese House of Representatives Members Nemoto Taku and Fukuda Kaoru, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-29
    President Lai meets NBR delegation  
    On the morning of April 29, President Lai Ching-te met with a delegation from the National Bureau of Asian Research (NBR). In remarks, President Lai stated that as Taiwan stands at the very frontline of defense of global democracy, we are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, demonstrating our commitment to defending freedom and democracy. The president said he hopes to further advance national security and industrial cooperation between Taiwan and the United States. He also expressed hope that this will help boost economic resilience for both sides and establish each as a key pillar of regional security, elevating our relations to even higher levels. A translation of President Lai’s remarks follows: I am delighted to meet with Admiral John Aquilino again today. I also warmly welcome NBR President Michael Wills and our distinguished guests from the bureau to Taiwan. I look forward to exchanging views with you all on Taiwan-US relations and the regional situation. During his tenure as commander of the US Indo-Pacific Command, Admiral Aquilino placed much attention on the Taiwan Strait issue. And the NBR has conducted a wealth of research and analysis focusing on matters of regional security. Thanks to all of your outstanding contributions and efforts, the international community has gained a better understanding of the role Taiwan plays in the Indo-Pacific region and in global democratic development. For this, I want to extend my deepest gratitude. Taiwan stands at the very frontline of defending global democracy and is located at a strategically important location in the first island chain. We are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, building economic security, demonstrating stable and principled cross-strait leadership, and standing side-by-side with the democratic community to jointly demonstrate the strength of deterrence and safeguard regional peace and stability. At the beginning of this month, I announced an increase in military allowances for volunteer service members and combat troops. The government will also continue to reform national defense and enhance self-sufficiency in defense. In addition, we will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. These efforts continue to strengthen Taiwan’s self-defense capabilities and demonstrate our commitment to defending freedom and democracy. As we mark the 46th anniversary of the enactment of the Taiwan Relations Act, we thank the US government for continuing its arms sales to Taiwan and strengthening the Taiwan-US partnership over the years. We believe that, in addition to engaging in military exchanges and cooperation, Taiwan and the US can build an even closer economic and trade relationship, boosting each other’s economic resilience and establishing each as a key pillar of regional security. I expect that your continued assistance will help advance national security and industrial cooperation between Taiwan and the US, elevating our relations to even higher levels. Once again, I welcome our distinguished guests to Taiwan and wish you a pleasant and successful trip. I hope that through this visit, you gain a more comprehensive and in-depth understanding of Taiwan’s economy and national defense. Admiral Aquilino then delivered remarks, thanking the Ministry of National Defense for the invitation and President Lai for receiving and spending time with them. Mentioning that this is his second visit in five months, he said he continues to be incredibly impressed with the president’s leadership and the actions he has taken to secure Taiwan and defend its people. Admiral Aquilino said that he has watched the efforts of the ministers on whole-of-society defense to demonstrate deterrence and added that the pace of the work is nothing short of inspiring. Admiral Aquilino noted that Taiwan’s thriving democracy is incredibly important to the peace and stability of the region. He stated that he, alongside the NBR, will continue to offer support, noting that President Wills and his team are an asset to Taiwan and the US that helps continue our close relationship and ensure peace and stability in the region.  

    Details
    2025-04-28
    President Lai meets Japanese Diet Member and former Minister of State for Economic Security Takaichi Sanae
    On the afternoon of April 28, President Lai Ching-te met with a delegation led by Member of the Japanese House of Representatives and former Minister of State for Economic Security Takaichi Sanae. In remarks, President Lai thanked the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. The president expressed hope that in the face of China’s continually expanding red supply chains, Taiwan and Japan can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that enhance economic resilience and industrial competitiveness for both sides, and jointly pave the way for further prosperity and growth in the Indo-Pacific region. A translation of President Lai’s remarks follows: First, I would like to extend a warm welcome to Representative Takaichi as she returns for another visit to Taiwan. I am also very happy to have Members of the House of Representatives Kikawada Hitoshi and Ozaki Masanao, and Member of the House of Councillors Sato Kei all gathered together here to engage in these very important exchanges. Our visitors will be taking part in many exchange activities during this trip. Earlier today at the Indo-Pacific Strategy Thinktank’s International Political and Economic Forum, Representative Takaichi delivered a speech in which she clearly demonstrated the great importance she places upon the friendship between Taiwan and Japan. For this I want to express my deepest appreciation to each of our guests. The peoples of Taiwan and Japan have a deep friendship and mutual trust. We have a shared commitment to the universal values of democracy, freedom, and respect for human rights, but beyond that, we both have striven to contribute to regional peace and stability. I also want to thank the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. Tomorrow you will all make a trip to Kaohsiung to visit a bronze statue of former Prime Minister Abe Shinzo, who once said, “If Taiwan has a problem, then Japan has a problem.” We will always remember the firm support and friendship he showed Taiwan. Since taking office last year, I have worked hard to improve Taiwan’s whole-of-society defense resilience and implement our Four Pillars of Peace action plan. By strengthening our national defense capabilities, building up economic security, demonstrating stable and principled cross-strait leadership, and deepening partnerships with democratic countries including Japan, we can together maintain peace and stability in the Indo-Pacific region and across the Taiwan Strait. At the same time, in the face of China’s continually expanding red supply chains, we hope that Taiwan and Japan, as important economic and trade partners, can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that further enhance economic resilience and industrial competitiveness for both sides. Going forward, Taiwan will work hard to play an important role in the international community and contribute its key strengths. I hope that, with the support of our guests, Taiwan can soon accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and sign an economic partnership agreement (EPA) with Japan so that we can jointly pave the way for further prosperity and growth in the Indo-Pacific region. Lastly, I thank each of you once again for taking concrete action to support Taiwan. I am confident that your visit will help deepen Taiwan-Japan ties and create even greater opportunities for cooperation. Let us all strive together to keep propelling Taiwan-Japan relations forward.  Representative Takaichi then delivered remarks, first thanking President Lai and Taiwanese political leaders for the warm hospitality they extended to the delegation, and mentioning that the visiting delegation members are all like-minded partners carrying on the legacy of former Prime Minister Abe. July 8 this year will mark the third anniversary of the passing of former Prime Minister Abe, she said, and when the former prime minister unfortunately passed away, President Lai, then serving as vice president, was among the first to come offer condolences, for which she expressed sincere admiration and gratitude. Representative Takaichi stated that Taiwan and Japan are island nations that face the same circumstances and problems, and that Japan’s trade activities rely heavily on ocean transport, so once a problem arises nearby that threatens maritime shipping lanes, it will be a matter of life and death for Japan. Taiwan and Japan are similar, as once a problem arises, both will face food and energy security issues, and supply chains may even be threatened, she said. Regarding Taiwan-Japan cooperation, Representative Takaichi stated that both sides must first protect and strengthen supply chain resilience. President Lai has previously said that he wants to turn Taiwan into an AI island, she said, and in semiconductors, Taiwan has the world’s leading technology. Representative Takaichi went on to say that Taiwan and Japan can collaborate in the fields of AI and semiconductors, quantum computing, and dual-use industries, as well as in areas such as drones and new energy technologies to build more resilient supply chains, so that if problems arise, we can maintain our current standard of living with peace of mind. Representative Takaichi indicated that cooperation in the defense sector is also crucial, and that by uniting like-minded countries including Taiwan, the United States, Japan, the Philippines, and Australia, and even countries in Europe, we can build a stronger network to jointly maintain our security guarantees. Representative Takaichi expressed hope that Taiwan and Japan will continue to strengthen substantive non-governmental relations, including personnel exchange visits and information sharing, so that we can jointly face and respond to crises when they arise. Regarding the hope to sign a Taiwan-Japan EPA that President Lai had mentioned earlier, she also expressed support and said she looks forward to upcoming exchanges and talks. The visiting delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-06
    President Lai delivers remarks on US tariff policy response
    On April 6, President Lai Ching-te delivered recorded remarks regarding the impact of the 32 percent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. In his remarks, President Lai explained that the government will adopt five response strategies, including making every effort to improve reciprocal tariff rates through negotiations, adopting a support plan for affected domestic industries, adopting medium- and long-term economic development plans, forming new “Taiwan plus the US” arrangements, and launching industry listening tours. The president emphasized that as we face this latest challenge, the government and civil society will work hand in hand, and expressed hope that all parties, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. A translation of President Lai’s remarks follows: My fellow citizens, good evening. The US government recently announced higher tariffs on countries around the world in the name of reciprocity, including imposing a 32 percent tariff on imports from Taiwan. This is bound to have a major impact on our nation. Various countries have already responded, and some have even adopted retaliatory measures. Tremendous changes in the global economy are expected. Taiwan is an export-led economy, and in facing future challenges there will inevitably be difficulties, so we must proceed carefully to turn danger into safety. During this time, I want to express gratitude to all sectors of society for providing valuable opinions, which the government regards highly, and will use as a reference to make policy decisions.  However, if we calmly and carefully analyze Taiwan’s trade with the US, we find that last year Taiwan’s exports to the US were valued at US$111.4 billion, accounting for 23.4 percent of total export value, with the other 75-plus percent of products sold worldwide to countries other than the US. Of products sold to the US, competitive ICT products and electronic components accounted for 65.4 percent. This shows that Taiwan’s economy does still have considerable resilience. As long as our response strategies are appropriate, and the public and private sectors join forces, we can reduce impacts. Please do not panic. To address the reciprocal tariffs by the US, Taiwan has no plans to adopt retaliatory tariffs. There will be no change in corporate investment commitments to the US, as long as they are consistent with national interests. But we must ensure the US clearly understands Taiwan’s contributions to US economic development. More importantly, we must actively seek to understand changes in the global economic situation, strengthen Taiwan-US industry cooperation, elevate the status of Taiwan industries in global supply chains, and with safeguarding the continued development of Taiwan’s economy as our goal, adopt the following five strategies to respond. Strategy one: Make every effort to improve reciprocal tariff rates through negotiations using the following five methods:  1. Taiwan has already formed a negotiation team led by Vice Premier Cheng Li-chiun (鄭麗君). The team includes members from the National Security Council, the Office of Trade Negotiations, and relevant Executive Yuan ministries and agencies, as well as academia and industry. Like the US-Mexico-Canada free trade agreement, negotiations on tariffs can start from Taiwan-US bilateral zero-tariff treatment. 2. To expand purchases from the US and thereby reduce the trade deficit, the Executive Yuan has already completed an inventory regarding large-scale procurement plans for agricultural, industrial, petroleum, and natural gas products, and the Ministry of National Defense has also proposed a military procurement list. All procurement plans will be actively pursued. 3. Expand investments in the US. Taiwan’s cumulative investment in the US already exceeds US$100 billion, creating approximately 400,000 jobs. In the future, in addition to increased investment in the US by Taiwan Semiconductor Manufacturing Company, other industries such as electronics, ICT, petrochemicals, and natural gas can all increase their US investments, deepening Taiwan-US industry cooperation. Taiwan’s government has helped form a “Taiwan investment in the US” team, and hopes that the US will reciprocate by forming a “US investment in Taiwan” team to bring about closer Taiwan-US trade cooperation, jointly creating a future economic golden age.  4. We must eliminate non-tariff barriers to trade. Non-tariff barriers are an indicator by which the US assesses whether a trading partner is trading fairly with the US. Therefore, we will proactively resolve longstanding non-tariff barriers so that negotiations can proceed more smoothly. 5. We must resolve two issues that have been matters of longstanding concern to the US. One regards high-tech export controls, and the other regards illegal transshipment of dumped goods, otherwise referred to as “origin washing.” Strategy two: We must adopt a plan for supporting our industries. For industries that will be affected by the tariffs, and especially traditional industries as well as micro-, small-, and medium-sized enterprises, we will provide timely and needed support and assistance. Premier Cho Jung-tai (卓榮泰) and his administrative team recently announced a package of 20 specific measures designed to address nine areas. Moving forward, the support we provide to different industries will depend on how they are affected by the tariffs, will take into account the particular features of each industry, and will help each industry innovate, upgrade, and transform. Strategy three: We must adopt medium- and long-term economic development plans. At this point in time, our government must simultaneously adopt new strategies for economic and industrial development. This is also the fundamental path to solutions for future economic challenges. The government will proactively cooperate with friends and allies, develop a diverse range of markets, and achieve closer integration of entities in the upper, middle, and lower reaches of industrial supply chains. This course of action will make Taiwan’s industrial ecosystem more complete, and will help Taiwanese industries upgrade and transform. We must also make good use of the competitive advantages we possess in such areas as semiconductor manufacturing, integrated chip design, ICT, and smart manufacturing to build Taiwan into an AI island, and promote relevant applications for food, clothing, housing, and transportation, as well as military, security and surveillance, next-generation communications, and the medical and health and wellness industries as we advance toward a smarter, more sustainable, and more prosperous new Taiwan. Strategy four: “Taiwan plus one,” i.e., new “Taiwan plus the US” arrangements: While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. This has been our national economic development strategy, and the most important aspect is maintaining a solid base here in Taiwan. We absolutely must maintain a solid footing, and cannot allow the present strife to cause us to waver. Therefore, our government will incentivize investments, carry out deregulation, and continue to improve Taiwan’s investment climate by actively resolving problems involving access to water, electricity, land, human resources, and professional talent. This will enable corporations to stay in Taiwan and continue investing here. In addition, we must also help the overseas manufacturing facilities of offshore Taiwanese businesses to make necessary adjustments to support our “Taiwan plus one” policy, in that our national economic development strategy will be adjusted as follows: to stay firmly rooted in Taiwan while expanding our global presence, strengthening US ties, and marketing worldwide. We intend to make use of the new state of supply chains to strengthen cooperation between Taiwanese and US industries, and gain further access to US markets. Strategy five: Launch industry listening tours: All industrial firms, regardless of sector or size, will be affected to some degree once the US reciprocal tariffs go into effect. The administrative teams led by myself and Premier Cho will hear out industry concerns so that we can quickly resolve problems and make sure policies meet actual needs. My fellow citizens, over the past half-century and more, Taiwan has been through two energy crises, the Asian financial crisis, the global financial crisis, and pandemics. We have been able to not only withstand one test after another, but even turn crises into opportunities. The Taiwanese economy has emerged from these crises stronger and more resilient than ever. As we face this latest challenge, the government and civil society will work hand in hand, and I hope that all parties in the legislature, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. Let us join together and give it our all. Thank you.

    MIL OSI Asia Pacific News –

    May 9, 2025
  • MIL-OSI Economics: ASEAN, United States Continue to further Strengthen Comprehensive Strategic Partnership

    Source: ASEAN

    The 16th Meeting of ASEAN-United States (U.S.) Joint Cooperation Committee (JCC), convened today at ASEAN Headquarters/ASEAN Secretariat in Jakarta reviewed progress of ASEAN-U.S. cooperation and deliberated on potential areas for future collaboration to further strengthen ASEAN-U.S. Comprehensive Strategic Partnership. The Meeting highlighted the robust and full implementation of all measures in the Plan of Action to Implement the ASEAN-United States Strategic Partnership (2021-2025) and its Annex ahead of their expiration date at the end of 2025.
     
    The 16th ASEAN-U.S. JCC Meeting was co-chaired by Permanent Representative of Cambodia to ASEAN, Heng Sarith, and Chargé d’Affaires a.i. at the U.S. Mission to ASEAN, Kate Rebholz, and attended by Members of the Committee of Permanent Representatives to ASEAN and their respective delegations, and the representative of the ASEAN Secretariat. Timor-Leste attended as Observer.
     

    MIL OSI Economics –

    May 9, 2025
  • MIL-OSI United Nations: 9 May 2025 News release Safer walking and cycling crucial for road safety and better health

    Source: World Health Organisation

    As the 8th UN Global Road Safety Week kicks off around the world under the theme “Make walking and cycling safe,” the World Health Organization (WHO) has launched a new toolkit to help governments promote active mobility – by making it safer.

    Each year, nearly 1.2 million people lose their lives on the roads, more than a quarter of them while walking or cycling. Yet, only 0.2% of the roads worldwide are equipped with cycle lanes, and far too many communities lack basics like sidewalks or safe pedestrian crossings.

    “Walking and cycling improve health and make cities more sustainable. Every step and every ride help to cut congestion, air pollution and disease,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “But we must make walking and cycling safe, so more people choose these healthier, greener options.”

    Despite their benefits, fewer than one-third of countries have national policies to promote walking and cycling. WHO’s new toolkit aims to fill that gap with practical, evidence-based guidance for policymakers, urban planners, health advocates and civil society. The toolkit calls for bold action including:

    • integrating walking and cycling into transport, health, environmental and education policies;
    • building safe infrastructure like sidewalks, crossings and protected cycle lanes;
    • setting and enforcing safer speed limits aligned with global best practices;
    • promoting safe road use through public awareness and behaviour change campaigns; and
    • using financial incentives to encourage active mobility.

    While global pedestrian deaths dropped slightly and cyclist deaths plateaued between 2011 and 2021, regional trends show growing danger:

    • In the WHO South-East Asia Region, pedestrian deaths rose by 42%.
    • In the European Region, cyclist deaths surged by 50%.
    • In the Western Pacific Region, cyclist deaths soared by 88%.

    This week, WHO joins hundreds of organizations and governments worldwide to demand urgent action on road safety. The Global Alliance of NGOs for Road Safety is mobilizing over 400 member organizations in 100 countries to support the campaign.

    “It is urgent to make, what should be our most natural means of transport, safer. This is paramount for road safety, but also health, equity and climate,” said Etienne Krug, Director of the WHO Department for the Social Determinants of Health. “We’re calling on all sectors – transport, health, education and beyond – to make walking and cycling safe and accessible for everyone.”

    MIL OSI United Nations News –

    May 9, 2025
  • MIL-OSI China: China-Cambodia rubber production base launched in south China

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

    The China-Cambodia (Nanning) Rubber Production Base was officially launched on Thursday in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region.

    This new base is designed to enhance industrial cooperation and cross-border trade with Southeast Asia.

    Located in the Nanning comprehensive bonded zone, the 7,500-square-meter facility includes a rubber mixing line with an annual capacity of 24,000 tonnes, along with an R&D center and warehouse. The project is backed by investors from Cambodia and Thailand.

    Technical support and on-site management are being provided by a team of experts from Thailand.

    By 2026, the base is projected to generate an annual industrial output of 1.08 billion yuan (about 149.8 million U.S. dollars), with estimated tax contributions exceeding 54 million yuan.

    Zhong Hong, deputy mayor of Nanning, said the project progressed from planning to launch in just 79 days, reflecting the city’s commitment to facilitating ASEAN investment.

    The base is positioned to become a hub for rubber processing and commodity trade with ASEAN markets, Zhong added.

    In the first quarter of this year, ASEAN remained China’s largest trading partner, with total trade reaching 1.71 trillion yuan, up 7.1 percent from a year earlier and accounting for 16.6 percent of China’s overall trade value.

    MIL OSI China News –

    May 9, 2025
  • MIL-OSI Asia-Pac: Chengdu Michelin-starred restaurant opens flagship store in Hong Kong as first step to go global (with photos)

    Source: Hong Kong Government special administrative region

    Chengdu Michelin-starred restaurant opens flagship store in Hong Kong as first step to go global  
    Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau said, “We are delighted to welcome Chengdu Restaurant to Hong Kong’s dynamic food and beverage landscape. Their entry into our city reflects Hong Kong’s appeal as a launchpad for premium brands seeking global reach and regional influence. It also adds to our rich diversity of culinary offerings and strengthens Hong Kong’s position as a world-class dining destination.”
     
    The Chengdu Restaurant brand, operated in Hong Kong under the Xiangtianxia Group, is a Sichuan-based diversified catering and lifestyle enterprise. Originating from Chengdu, widely regarded as China’s culinary capital, the brand has gained acclaim for its refined Sichuan cuisine and was one of the first Michelin-starred restaurants in Southwest China.
     
         The Chief Executive Officer of the Xiangtianxia Group, Mr Mario He, said that the brand has looked into a few places for its international expansion and finally decided to settle in Hong Kong due to its strategic location, vibrant culinary scene, and its unique role as a global gateway between Mainland China and international markets.
     
    He said, “Hong Kong is not only a global financial hub but also a cultural and gastronomic bridge connecting East and West. Our flagship in Central will serve as the global headquarters for the Chengdu Restaurant brand and a springboard for regional and international growth. We are excited to bring the essence of Sichuan’s food culture to diners in Hong Kong and beyond.”
     
    He added, “With a deep commitment to showcasing the richness of Chinese culinary culture on a global stage, we have chosen Hong Kong to leverage its unmatched connectivity and business infrastructure to accelerate our international growth. As part of our expansion plan, the Group is already in discussions for a second outlet and plans to build an international talent team based in the Hong Kong office.”
     
    Located in Lan Kwai Fong in Central, the new restaurant aims to present an elevated Sichuan dining experience by blending Sichuan and Cantonese culinary artistry with Hong Kong’s cosmopolitan culture. The outlet will serve signature cold dishes, grilled delicacies, seafood, soups, and Sichuan specialties, tailored for the local market while preserving the brand’s hallmark authenticity and craftsmanship.
     
         The Xiangtianxia Group operates over 600 restaurants across seven countries and 33 cities and has developed more than 30 consumer dining brands. Its restaurant portfolio includes Chengdu Restaurant, a two-time Michelin One Star winner, and Daxi Sichuan Cuisine, a Michelin-recommended brand.
     
    For more information about Chengdu Restaurant, please visit www.cqxtx.com.cn 
    To get a copy of the photos, please visit
    www.flickr.com/photos/investhk/albums/72177720325979894Issued at HKT 15:17

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 9, 2025
  • MIL-OSI China: President Xi on honoring WWII victory

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

    Editor’s note: This year marks the 80th anniversary of the victories of the Chinese People’s War of Resistance against Japanese Aggression, the Soviet Union’s Great Patriotic War and the World Anti-Fascist War. During his state visit to Russia from May 7 to 10, Chinese President Xi Jinping calls for concerted efforts to defend the legacy of World War II (WWII) victory as the world is once again reeling from the specter of hegemonism and power politics. Here, China.org.cn presents key insights of President Xi on this pivotal moment in history.

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    MIL OSI China News –

    May 9, 2025
  • MIL-OSI China: Sports events fuel tourism consumption in China

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

    When Jiang Xiaojuan and her husband boarded a plane for a journey of around 3,500 kilometers, they were not just headed on holiday; they were pursuing a shared passion: badminton.

    The couple from Urumqi, northwest China’s Xinjiang region, flew to the coastal city of Xiamen, east China’s Fujian Province, to catch the 2025 Sudirman Cup, held during China’s bustling May Day “golden week” holiday.

    The couple instinctively knew that spectating would not be enough, which is why they had packed their rackets into their suitcases.

    Wang Zhiyi of China competes in the women’s singles match against An Se Young of South Korea during the final match between China and South Korea at BWF Sudirman Cup in Xiamen, southeast China’s Fujian Province, May 4, 2025. (Xinhua/Sun Fei)

    “Xiamen has plenty of badminton courts and a vibrant local scene,” Jiang told Xinhua outside the stadium, shortly after cheering for China’s win in the final. “As soon as we landed, we joined a local group and played three matches.”

    For Jiang, blending sports with travel was the perfect getaway: “It’s good for both body and mind,” she said with a grin.

    A new trend of sports-driven tourism is emerging in China as more travelers are building their itineraries around tournaments, marathons and championship games. Cities are seizing the opportunity, leveraging major events to boost hotel bookings, catering consumption and cultural exploration.

    The government is backing this trend. National action plans released in March and April highlighted the integration of sports, culture, and tourism as a strategic pillar for stimulating domestic consumption, calling for more high-quality sports programs and distinctive events.

    Xiamen’s hosting of this year’s Sudirman Cup was a prime example. Running from April 27 to May 4, the tournament coincided with the country’s five-day May Day holiday, attracting crowds of badminton fans alongside regular holiday tourists.

    Local businesses saw a noticeable boost, with hotels across the city reporting higher bookings than the previous year. Shen Xiaoyan of Le Meridien Xiamen said the hotel hosted several groups in town for the competition. To attract more guests, the hotel offered bundled packages with perks like complimentary shuttle service to the arena and free court time.

    The city didn’t rely solely on the matches. “We rolled out ‘sports-plus’ packages to enrich the visitor experience,” said Chen Lan, deputy head of Xiamen’s sports bureau. Initiatives like “Walk with the Champions” city tours and campus visits by athletes added layers of experience beyond stadiums.

    More people are prioritizing health and leisure amid rising living standards, said Li Peigong, president of Shanghai Lixin University of Accounting and Finance. “A combination of sports and travel has become a go-to solution that caters to a wide range of needs.”

    This shift aligns with China’s broader development strategy to become a leading sporting nation by advancing competitive sports, encouraging mass participation, and developing its sports industry — all in parallel.

    With annual growth surpassing 10 percent over the past years, the sports industry has emerged as a key driver of consumption, innovation, and employment in the country.

    In 2024 alone, Xiamen hosted 40 high-level sports events, generating more than 2.6 billion yuan (about 361 million U.S. dollars) in revenues.

    Meanwhile, Shanghai is setting the pace for sports-driven consumption. In March, the Formula One Chinese Grand Prix drew a record-breaking 220,000 spectators, exceeding last year’s attendance. Of those, 15 percent were overseas visitors, with 60 percent traveling to Shanghai specifically for the race, doubling the number from the previous year.

    But the excitement didn’t stop at the racetrack. F1 fans flowed into Shanghai’s buzzing neighborhoods, dining at upscale restaurants, shopping in luxury boutiques, and browsing duty-free stores.

    “Ticket sales rose by 30 percent compared to 2023,” said Yang Yibin, chairman of Shanghai Juss Sports Development Group. “This isn’t just a race — it’s an invitation to discover China.”

    In 2024, Shanghai hosted 178 major sporting events, raking in 11.38 billion yuan. When including related spending on tourism, dining, and shopping, the total soared to nearly 31 billion yuan.

    Experts argue that sports tourism is helping lesser-known destinations stay competitive in an increasingly crowded travel market. This ensures steady visitor flow while offering fresh, engaging experiences, said Zou Xinxian, a professor at Beijing Sport University.

    “Sports help activate destination brands and build unique, recognizable identities,” Zou said. Sports events like marathons enable cities to showcase their local culture in dynamic, participatory ways.

    Over the May Day holiday, sports events were seamlessly woven into local culture to attract visitors.

    In Jilin, a 10-kilometer warm-up marathon took place alongside a traditional kite festival at the scenic Chagan Lake, with runners passing through villages rich in ethnic character. Meanwhile, in Yunnan, a large-scale sports carnival featuring a variety of competitions drew athletes and tourists alike to its stunning natural landscapes.

    Li Peiyao, a researcher at Jilin University, sees a broader shift in consumer behavior: from buying things to seeking meaningful experiences.

    “Sporting events don’t just bring people together,” said Li. “They help foster connection, cultural identity, and shared memories.”

    MIL OSI China News –

    May 9, 2025
  • MIL-OSI: BloFin leads the pack at TOKEN2049 with 1,000+ attendees at Whale’s Rave and major growth highlights

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 09, 2025 (GLOBE NEWSWIRE) — At this year’s TOKEN2049, BloFin joins top exchanges including OKX, Binance, and KuCoin as a Title Sponsor, marking another milestone in its global expansion and industry recognition. From a Platinum Sponsor last year to a Title Sponsor this year, BloFin’s elevation in status reflects the brand’s growing ambition and commitment to the cryptocurrency industry. The company has also made significant strides in its offerings, showcasing multiple brand advancements, including launching sub-accounts, achieving ISO 27001 certification, and becoming the fourth exchange in the industry to complete the Unified Trading Account feature.

    BloFin’s presence was prominent throughout the venue, from the entrance and exclusive registration counter to the welcome bags and key areas across the event space. The team engaged with industry leaders, partners, traders, and KOLs, fostering insightful conversations and building meaningful relationships to drive future crypto growth.

    Finny Takes the Spotlight: BloFin’s Mascot Shines as the Star of TOKEN2049

    A standout moment at TOKEN2049 was the official debut of Finny, BloFin’s newly unveiled mascot. Designed as a meme-worthy space whale, Finny quickly became a crowd favorite and a visual symbol of BloFin’s unique brand identity. Finny symbolized BloFin’s commitment to protecting whales and embodied the brand’s aspirations to the moon. With its captivating design, Finny became the event’s most talked-about character, further solidifying BloFin’s connection with the crypto community.

    The First-ever Whale’s Rave: Arcadia Side Event of TOKEN2049 Concludes Successfully, Marking the Beginning of Exciting Collaborations with Luke Belmar

    The Whale’s Rave: Arcadia event, presented by BloFin, quickly became the most talked-about side event of TOKEN2049 Dubai 2025, drawing nearly 1,000 attendees worldwide. This year also marked a historic collaboration between BloFin and renowned crypto investor Luke Belmar, taking the event to its peak and pushing its excitement to new heights.

    Whale’s Rave: Arcadia was this exclusive event’s first edition, leaving an indelible mark on every attendee. The event redefined what crypto industry gatherings could look like, featuring premium whale-tier merchandise, an exclusive Whale’s Club-only gift, and the debut of BloFin’s beloved mascot Finny. BloFin also showcased a series of brand-defining performances, further solidifying the brand’s position as an innovator within the space.

    In line with its continued growth, BloFin unveiled its all-new 2025 merchandise collection, designed exclusively for the crypto elite. The collection features eight unique items, including the coveted BloFin Top Whales Necklace and Ring Bundle, Whale’s Trading Journal, Gym Bag, Finny T-shirts, and exclusive Whale Club-only merchandise for VIP traders.

    “We are incredibly excited about the success of the first-ever Whale’s Rave,” said Matt, CEO of BloFin. “It was an unforgettable moment to celebrate with our global community and partners. We were also pleased to share major product updates, including our Unified Trading Account, Sub-Account features, and the upcoming BloFin Card. We look forward to seeing everyone again in Singapore.” “It was the most fun and craziest party of the week!” as described by BeInCrypto and CoinTelegraph.

    As the flames of the event burned bright, BloFin remains focused on its mission to create unforgettable experiences for its community and build a future where Whales Are Made.

    With sights set on TOKEN2049 Singapore, BloFin is preparing to elevate its presence further, headlined by a large-scale, thousand-person celebration and deeper engagement with industry leaders. As BloFin expands its global reach and solidifies its role at the forefront of digital finance, the world can anticipate the next bold chapter from the brand that continues to prove: this is where whales are made.

    Follow BloFin X(Twitter)|Instagram|YouTube|Telegram

    About BloFin

    ​BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. ​As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.

    Contact:
    Annio W.
    annio@blofin.io

    Disclaimer: This is a paid post and is provided by BloFin. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4b4e6f07-d918-4b76-8d0d-629ffb920851
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9402aa53-003b-4154-9b29-5b3e6b581969
    https://www.globenewswire.com/NewsRoom/AttachmentNg/94c93a29-f16b-496c-bcae-d446513c03c7
    https://www.globenewswire.com/NewsRoom/AttachmentNg/f3d3d2ab-44c9-4eb8-955e-538dd9b7ef78
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8cf5350a-3d83-4164-846e-1321d75cf34d

    The MIL Network –

    May 9, 2025
  • MIL-OSI Asia-Pac: Xiangxi Tujia Women’s Daliuzi and Hong Kong Women’s Percussion Ensemble to perform in “Tan Dun WE-Festival” in June (with photos)

    Source: Hong Kong Government special administrative region

    The “Tan Dun WE-Festival”, presented by the Leisure and Cultural Services Department (LCSD), will feature two performances of “Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble” concert in June as part of the pre-festival events of this year’s Chinese Culture Festival (CCF). Under the artistic direction and baton of Tan Dun, Hong Kong’s Ambassador for Cultural Promotion (ACP) and internationally renowned composer and conductor, two all-female percussion ensembles will take the Hong Kong stage to present both the “Daliuzi”, a traditional percussion music of western Hunan’s Tujia ethnic group, and contemporary percussion music. The concert will also feature the world premiere of two tea-inspired compositions written by Tan, showcasing how percussion music transcends time and bonds the East and the West, while telling the good story of China’s intangible cultural heritage in the new era. The programme is also one of the performing arts programmes of the Hong Kong Intangible Cultural Heritage Month 2025.

    Tujia “Daliuzi”, primarily featuring gongs and cymbals, is a kind of ensemble of traditional folk musical instruments of ethnic Tujia people from western Hunan. It was inscribed onto the first national list of intangible cultural heritage in 2006. Enlightened by an impressionable field trip in western Hunan, Tan blends the “Daliuzi” with tea-making techniques such as leaf-whistling, tea-picking and grinding to create a new composition “TEA-liuzi · Mystical Xiangxi”, and has invited the Xiangxi Tujia Women’s Daliuzi to come to Hong Kong for the world premiere of this work. The ensemble will also perform several folk pieces, which include “The Hen Lays Eggs”, “Pheasant Leaving the Mountain”, “Pigeons Taking a Bath” and “Ducks Flirting with Water”, demonstrating the exceptional skills and expressive character of the unique musical artistry of the Tujia people.

    The newly established Hong Kong Women’s Percussion Ensemble, spearheaded by Tan, will make its debut at this concert. The ensemble comprises four outstanding local young female percussionists, namely Karen Yu, Elise Liu, Eugene Kwong and Emma Ng. They will perform another world premiere of “Tea Music: Water, Wind, Ceramic” by Tan, as well as “Credo in Us” by contemporary avant-garde, experimental composer John Cage. Tan has also composed a new “Concerto for Piano and Four Percussionists” for this ensemble that will perform alongside pianist Liu Muyu, showcasing the varying rhythms and rich sonorities of percussion music.

    Tan is an internationally renowned Chinese composer, musician and conductor, and was appointed by the UNESCO as a Goodwill Ambassador in 2013. He has made an indelible mark on the world’s music scene, which earned him many prestigious honours, including the Grammy Awards, the Academy Awards and the Golden Lion Award for Lifetime Achievement at the Venice Biennale. Tan has led some of the world’s most esteemed orchestras, and composed more than 100 musical works over the years. His famous works include the film scores of “Crouching Tiger, Hidden Dragon”, “Hero” as well as the award ceremony music for the Beijing 2008 Olympic Games. He has been awarded the title of Officier des Arts et des Lettres by the French Ministry of Culture in December 2024, in recognition of his exceptional contributions to global culture and the arts. Tan has been appointed as Hong Kong’s first ACP by the Culture, Sports and Tourism Bureau since January 1, 2023.

    Chinese Culture Festival 2025: “Tan Dun WE-Festival”: “Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble” concert will be staged at 8pm on June 4 and 5 (Wednesday and Thursday) at the Studio Theatre of the Hong Kong Cultural Centre. Tickets priced at $380 and $480 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288. Group booking discount and package booking discount are available for purchasing selected CCF stage programmes, the “Chinese Opera Film Shows” of the COF 2025 and the “Legacy and Vision: Conversations with Chinese Cultural Masters” lecture. For programme enquiries and concessionary schemes, please call 2268 7321 or visit www.ccf.gov.hk/en/programme/daliuzi-and-percussion-ensemble.

    The above-mentioned programme also offers a pre-concert symposium (in Putonghua), entitled “A Dialogue between Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble”, to be held at 7pm on June 5 at the Studio Theatre of the Hong Kong Cultural Centre, during which Tan will engage in a discussion with members of the Xiangxi Tujia Women’s Daliuzi and the Hong Kong Women’s Percussion Ensemble. Interested audience members can attend the pre-concert symposium by presenting the tickets of “Xiangxi Tujia Women’s Daliuzi & Hong Kong Women’s Percussion Ensemble” concert. Admission is free. Limited seats are available on a first-come, first-served basis.

    First held in 2023, the “Tan Dun WE-Festival” features musicians, dancers and ensembles from the Mainland, Hong Kong and around the world that reveals fresh new approaches to music, dance and visual arts, turning the city into an international stage for cultural and arts exchanges. The Festival also attracts people from both East and West to gather in the city, showcasing the essence of Hong Kong’s East-meets-West cultural DNA. The Festival returns this year with the theme of tea culture. Apart from the above-mentioned programme, it also includes Tan Dun | “Tea: A Mirror of Soul” on May 30 and 31, and “Lost Tang Dynasty Music and Dance Manuscripts: ‘The Vanishing Mogao Caves’” on June 7.

    The CCF, presented by the Culture, Sports and Tourism Bureau and organised by the Chinese Culture Promotion Office under the LCSD, aims to promote Chinese culture and enhance the public’s national identity and cultural confidence. It also aims to attract top-notch artists and arts groups from both the Mainland and other parts of the world for exchanges in Chinese arts and culture. The CCF 2025 will be held from June to September. Through different performing arts programmes in various forms and related extension activities, including selected programmes of the Chinese Opera Festival, “Tan Dun WE-Festival”, film screenings, exhibitions, as well as community and school activities and more, the festival provides members of the public and visitors with more opportunities to enjoy distinctive programmes that showcase fine traditional Chinese culture, thereby facilitating patriotic education and contributing to the inheritance, transformation and development of traditional Chinese culture in Hong Kong. For more information about programmes and activities of the CCF 2025, please visit www.ccf.gov.hk.

                           

    MIL OSI Asia Pacific News –

    May 9, 2025
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