Category: Asia

  • MIL-OSI Asia-Pac: President Lai meets President of Guatemalan Congress Nery Abilio Ramos y Ramos  

    Source: Republic of China Taiwan

    Details
    2025-07-08
    President Lai meets delegation led by Foreign Minister Jean-Victor Harvel Jean-Baptiste of Republic of Haiti
    On the morning of July 8, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Jean-Victor Harvel Jean-Baptiste of the Republic of Haiti and his wife. In remarks, President Lai noted that our two countries will soon mark the 70th anniversary of diplomatic relations and that our exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. The president stated that Taiwan will continue to work together with Haiti to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. The president thanked Haiti for supporting Taiwan’s international participation and expressed hope that both countries will continue to support each other, deepen cooperation, and face various challenges together. A translation of President Lai’s remarks follows: I am delighted to meet and exchange ideas with Minister Jean-Baptiste, his wife, and our distinguished guests. Minister Jean-Baptiste is the highest-ranking official from Haiti to visit Taiwan since former President Jovenel Moïse visited in 2018, demonstrating the importance that the Haitian government attaches to our bilateral diplomatic ties. On behalf of the Republic of China (Taiwan), I extend a sincere welcome. Next year marks the 70th anniversary of the establishment of diplomatic ties between our two countries. Our bilateral exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. Over the past few years, Haiti has faced challenges in such areas as food supply and healthcare. Taiwan will continue to work together with Haiti through various cooperative programs to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. I want to thank the government of Haiti and Minister Jean-Baptiste for speaking out in support of Taiwan on the international stage for many years. Minister Jean-Baptiste’s personal letter to the World Health Organization Secretariat in May this year and Minister of Public Health and Population Bertrand Sinal’s public statement during the World Health Assembly both affirmed Taiwan’s efforts and contributions to global public health and supported Taiwan’s international participation, for which we are very grateful. I hope that Taiwan and Haiti will continue to support each other and deepen cooperation. I believe that Minister Jean-Baptiste’s visit will open up more opportunities for cooperation for both countries, helping Taiwan and Haiti face various challenges together. In closing, I once again offer a sincere welcome to the delegation led by Minister Jean-Baptiste, and ask him to convey greetings from Taiwan to Prime Minister Alix Didier Fils-Aimé and the members of the Transitional Presidential Council. Minister Jean-Baptiste then delivered remarks, saying that he is extremely honored to visit Taiwan and reaffirm the solid and friendly cooperative relationship based on mutual respect between the Republic of Haiti and the Republic of China (Taiwan), which will soon mark its 70th anniversary. He also brought greetings to President Lai from Haiti’s Transitional Presidential Council and Prime Minister Fils-Aimé. Minister Jean-Baptiste emphasized that over the past few decades, despite the great geographical distance and developmental and cultural differences between our two countries, we have nevertheless established a firm friendship and demonstrated to the world the progress resulting from the mutual assistance and cooperation between our peoples. Minister Jean-Baptiste pointed out that our two countries cooperate closely in agriculture, health, education, and community development and have achieved concrete results. Taiwan’s voice, he said, is thus essential for the people of Haiti. He noted that Taiwan also plays an important role in peace and innovation and actively participates in global cooperative efforts. Pointing out that the world is currently facing significant challenges and that Haiti is experiencing its most difficult period in history, Minister Jean-Baptiste said that at this time, Taiwan and Haiti need to unite, help each other, and jointly think about how to move forward and deepen bilateral relations to benefit the peoples of both countries. Minister Jean-Baptiste said that he is pleased that throughout our solid and friendly diplomatic relationship, both countries have demonstrated mutual trust, mutual respect, and the values we jointly defend. He then stated his belief that Haiti and Taiwan will together create a cooperation model and future that are sincere, friendly, and sustainable. The delegation was accompanied to the Presidential Office by Chargé d’Affaires a.i. Francilien Victorin of the Embassy of the Republic of Haiti in Taiwan.

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    2025-07-01
    President Lai meets delegation from 2025 Taiwan International Ocean Forum
    On the afternoon of July 1, President Lai Ching-te met with a delegation from the 2025 Taiwan International Ocean Forum (TIOF). In remarks, President Lai noted that the people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. He expressed hope that their visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. A translation of President Lai’s remarks follows: I want to thank our guests for coming here to the Presidential Office. The 2025 TIOF will take place tomorrow and the day after, and I thank you all for making the long trip to Taiwan to attend the event and share your valuable insights and experiences. This year’s forum will focus on strategies for strengthening maritime security and pathways to achieving a sustainable blue economy. By attending this forum, our guests are highlighting their commitment to safeguarding the oceans, and beyond that, taking concrete action to demonstrate support for Taiwan. I once again offer deepest gratitude on behalf of the people of Taiwan. Taiwan holds a key position on the first island chain, is one of the world’s top 10 shipping nations, and accounts for close to 10 percent of global container shipping by volume. As such, Taiwan occupies a unique and important position in maritime strategy. For Taiwan, the ocean is more than just a basis for survival and development; it is also an important driver of national prosperity. In my inaugural address last year, I spoke of a threefold approach to further Taiwan’s development. One of these involves further developing our strengths as a maritime nation. Our government must actively help deepen our connections with the ocean, and must continue to promote green shipping, a sustainable fishing industry, marine renewable energy, and other forms of industrial transformation. It must also make use of marine technology and digital innovation to create a new paradigm that balances environmental, economic, and social inclusion concerns. This will help enhance Taiwan’s responsibilities and competitiveness as a maritime nation. Taiwan is surrounded by ocean, and our territorial waters are a natural protective barrier. However, continued gray-zone aggression from China creates serious threats and challenges to peace and stability in the Taiwan Strait. Our government continues to invest resources to deal with increasingly complex maritime security issues. In addition to building coast guard patrol vessels, we must also step up efforts to build underwater, surface, and airborne unmanned vehicles and smart reconnaissance equipment, so as to demonstrate Taiwan’s determination to defend democracy and freedom and commitment to maintaining peace and stability in the Taiwan Strait. Oceans are Taiwan’s roots, and provide the channels by which we engage with the world. The people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. The TIOF was first launched in 2020, and has now become an important platform for enhancement of cooperation between Taiwan and other countries. I hope that our distinguished guests will reap great benefits at this year’s forum, and further hope that this visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. Chairman of The Washington Times Thomas McDevitt, a member of the delegation, then delivered remarks, noting first that July 4th, this Friday, is Independence Day in America. Independence is a sacred, powerful word which has great meaning in this part of the world, he said. Chairman McDevitt indicated that Taiwan has truly become a global beacon of democracy and a key partner for many nations. He then quoted President Lai’s 2024 inaugural address: “We will work together to combat disinformation, strengthen democratic resilience, address challenges, and allow Taiwan to become the MVP of the democratic world.” Chairman McDevitt went on to say that he appreciated the president’s speech with regard to his philosophical depth, sensitivity, and both moral and political clarity. He said that he was deeply moved by the speech, but within a few days of it, China responded with military activities and many threats. The chairman then emphasized that we are in a civilization crisis. Chairman McDevitt mentioned that President Lai has begun a series of 10 lectures, and remarked that they would help the world to understand the identity and the nature of Taiwan, as well as the situation we are in in the world. On behalf of all the delegation, Chairman McDevitt thanked the president for his leadership in dealing with these issues thoughtfully. Chairman McDevitt concluded with a line from the Old Testament which states that if the people have no vision, they will perish. He said that he believes Taiwan’s president has led the people of Taiwan, and the world, with a vision of how to navigate this great civilization crisis together. The delegation also included Members of the Japanese House of Representatives Kikawada Hitoshi, Aoyama Yamato, and Genma Kentaro, and Member of Parliament of the United Kingdom Gavin Williamson.

    Details
    2025-06-30
    President Lai meets Minister of State at UK Department for Business and Trade Douglas Alexander  
    On the morning of June 30, President Lai Ching-te met with Douglas Alexander, Minister of State at the Department for Business and Trade of the United Kingdom. In remarks, President Lai thanked the UK government for its longstanding support for peace and stability across the Taiwan Strait, demonstrating that Taiwan and the UK share similar goals. Noting that two years ago, Taiwan and the UK signed an enhanced trade partnership (ETP) arrangement, the president said that today Taiwan and the UK have signed three pillars under the ETP, which will help promote bilateral economic and trade cooperation. He expressed hope of the UK publicly supporting Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) so that together we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. A translation of President Lai’s remarks follows: First, on behalf of the people of Taiwan, I extend a warm welcome to Minister Alexander and wish a fruitful outcome for the 27th round of Taiwan-UK trade talks later today. Taiwan-UK relations have grown closer in recent years. We have not only continued to strengthen cooperation in such fields as offshore wind power, innovative technologies, and culture and education but also have established regular dialogue mechanisms in the critical areas of economics and trade, energy, and agriculture. The UK is currently Taiwan’s fourth-largest European trading partner, second-largest source of investment from Europe, and third-largest target for investment in Europe. Two years ago, Taiwan and the UK signed an ETP arrangement. This was particularly meaningful, as it was the first institutionalized economic and trade framework between Taiwan and a European country. Today, this arrangement is yielding further results. I am delighted that Taiwan and the UK have signed three pillars under the ETP covering investment, digital trade, and energy and net-zero. This will help promote bilateral economic and trade cooperation and advance industrial development on both sides. I also want to thank the UK government for its longstanding support for peace and stability across the Taiwan Strait. This month, the UK published its Strategic Defence Review 2025 and National Security Strategy 2025, which oppose any unilateral attempts to change the status quo across the Taiwan Strait. These not only demonstrate that Taiwan and the UK share similar goals but also show that security and prosperity in the Indo-Pacific region are inseparable from those of the transatlantic regions. In addition, last November, the House of Commons passed a motion which made clear that United Nations General Assembly (UNGA) Resolution 2758 neither established the sovereignty of the People’s Republic of China over Taiwan nor determined Taiwan’s status in the United Nations. The UK government also responded to the motion by publicly expressing for the first time its position on UNGA Resolution 2758, opposing any attempt to broaden the interpretation of the resolution to rewrite history. For this, on behalf of the people of Taiwan, I once again want to extend my deepest gratitude. Taiwan and the UK have the advantage of being highly complementary in the technology sector. In facing the restructuring of global supply chains and other international economic and trade developments, I believe that Taiwan and the UK are indispensable key partners for one another. I look forward to the UK publicly supporting Taiwan’s accession to the CPTPP so that together, we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. In closing, I wish Minister Alexander a pleasant and successful visit. And I hope he has the opportunity to visit Taiwan for personal travel in the future. Minister Alexander then delivered remarks, saying that it is a great personal honor to meet with everyone today to discuss further deepening the UK-Taiwan trade relationship and explore the many opportunities our two sides can pursue together. He mentioned that he traveled to Taiwan in 2022 when he was a private citizen, a visit he thoroughly enjoyed, so he is delighted to be back to see the strength of the UK-Taiwan relationship and the strengthening of that relationship. He said that relationship is built on mutual respect, democratic values, and a shared vision for open, resilient, and rules-based economic cooperation. As like-minded partners, he pointed out, our collaboration continues to grow across multiple sectors, and he is here today to further that momentum. Minister Alexander stated that on trade and investment, he is proud that this morning we signed the ETP Pillars on Investment, Digital Trade, Energy and Net Zero, which will provide a clear framework for our future cooperation and lay the foundation for expanded access and market-shaping engagement between our two economies. The minister said he believes that together with our annual trade talks, this partnership will help UK’s firms secure new commercial opportunities, improve regulatory alignment, and promote long-term investment in key growth areas, which in turn will also support Taiwan’s efforts to expand high-quality trade relationships with trusted partners. Minister Alexander said that President Lai’s promotion of the Five Trusted Industry Sectors and the UK’s recently published industrial and trade strategies are very well-aligned, as both cover clean energy and semiconductors as well as advanced manufacturing. He then provided an example, saying that both sides plan to invest in AI infrastructure and compute power-creating opportunities for great joint research in the future. By combining our strengths in these areas, he said, we can open the door to innovative collaboration and commercial success for both sides. He mentioned that yesterday he visited the Taiwan Space Agency, commenting that in sectors such as satellite technology, green energy, and cyber security, British expertise and trusted standards can provide meaningful solutions. Noting that President Lai spoke in his remarks of the broader challenge of peace and security in the region, Minister Alexander stated that the United Kingdom has, of course, also continued to affirm its commitment to peace and stability in the Taiwan Strait, along with its G7 partners. The UK-Taiwan relationship is strategic, enduring, and growing, he stated, and they reaffirm and remain firm in their longstanding position and confident in their ability to work together to support both prosperity and resilience in both of our societies. Minister Alexander said that, as Taiwan looks to diversify capital and build global partnerships, they believe the UK represents a strong and ambitious investment destination, particularly for Taiwanese companies at the very forefront of robotics, clean tech, and advanced industry. He pointed out that the UK’s markets are stable, open, and aligned with Taiwan’s vision of a high-tech, sustainable future, adding that he looks forward to our discussion on how we can further deepen our cooperation across all of these areas and more. The delegation also included Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific at the UK Department for Business and Trade. The delegation was accompanied to the Presidential Office by British Office Taipei Representative Ruth Bradley-Jones.   

    Details
    2025-06-27
    President Lai confers decoration on former Japan-Taiwan Exchange Association Chairman Ohashi Mitsuo
    On the morning of June 27, President Lai Ching-te conferred the Order of Brilliant Star with Grand Cordon upon former Chairman of the Japan-Taiwan Exchange Association Ohashi Mitsuo in recognition of his firm convictions and tireless efforts in promoting Taiwan-Japan exchanges. In remarks, President Lai stated that Chairman Ohashi cares for Taiwan like a family member, and expressed hope that Taiwan and Japan continue to deepen their partnership, bring about the early signing of an economic partnership agreement (EPA), and jointly build secure and stable non-red supply chains as we boost the resilience and competitiveness of our economies and jointly safeguard the values of freedom and democracy. A translation of President Lai’s remarks follows: Every meeting I have with Chairman Ohashi, with whom I have worked side by side for many years, is warm and friendly. I recall that when we met last year, Chairman Ohashi said that he often thinks about what Japan can do for Taiwan and what Taiwan can do for Japan, and that it is that mutual concern that makes us so close. This was a truly moving statement illustrating the relationship between Taiwan and Japan. Chairman Ohashi has also said numerous times that our bilateral relations may very well be the best in the entire world, and that in fact they may serve as a model to other countries. Indeed, Chairman Ohashi is himself an exemplary model for friendly relations between Taiwan and Japan. His spirit of always working tirelessly to promote Taiwan-Japan exchanges is truly admirable. Assuming the position of chairman of the Japan-Taiwan Exchange Association in 2011, he served during the terms of former Presidents Ma Ying-jeou and Tsai Ing-wen, continuously making positive contributions to Taiwan-Japan relations. Over these past 14 years, Taiwan and Japan have signed over 50 major agreements, spanning the economy and trade, fisheries, and taxes, among other areas. In 2017, the Taiwan-Japan Relations Association and the Japan-Taiwan Exchange Association underwent name changes, strengthening the essence and significance of Taiwan-Japan relations. These great achievements were all made possible thanks to the firm convictions and tireless efforts of Chairman Ohashi. On behalf of the people of Taiwan, I am delighted to confer upon Chairman Ohashi the Order of Brilliant Star with Grand Cordon to express our deepest thanks for his outstanding contributions. Chairman Ohashi is not just a good friend of Taiwan, but someone who cares for Taiwan like a family member. When a major earthquake struck in 2016, he personally went to Tainan to assess the situation and meet with the city government. This outpouring of friendship and support across borders was deeply moving. As we look to the future, I hope that Taiwan and Japan can continue to deepen our partnership. In addition to bringing about the early signing of an EPA, I also hope that we can expand collaboration in key areas such as semiconductors, energy, and AI, continue building secure and stable non-red supply chains, and boost the resilience and competitiveness of our economies as well as peace and stability in the Indo-Pacific. As Chairman Ohashi has said, the close bilateral relationship between Taiwan and Japan is one the world can be proud of. I would like to thank him once again for his contributions to deepening Taiwan-Japan ties. Taiwan will continue to forge ahead side by side with Japan, jointly safeguarding the values of freedom and democracy and mutually advancing prosperous development. I wish Chairman Ohashi good health, happiness, peace, and success in his future endeavors, and invite him to return to Taiwan often to visit old friends. Chairman Ohashi then delivered remarks, first thanking President Lai for his kind words. He stated that the Taiwan-Japan relationship is not only worthy of praise; it can also serve as a superb model in the world for bilateral relations that is worthy of study by other countries. He added that this is the result of the collective efforts of President Lai as well as many other individuals. Chairman Ohashi said that the current international situation is rather severe, with wars and conflicts occurring between many neighboring countries. He said that there is a growing trend of nuclear weapon proliferation, emphasizing that use of such weapons would cause significant harm between nations. He also pointed out that some countries even use nuclear weapons as a threat, leading to instability and impacting the global situation. Chairman Ohashi said that neither Taiwan nor Japan possesses nuclear weapons, which is something to be proud of. That is why, he said, we can declare that a world without nuclear weapons is a peaceful world. He also mentioned that during his tenure as chairman of the Japan-Taiwan Exchange Association, he consistently upheld this principle in his work. Chairman Ohashi said that the mission of the World Federalist Movement (WFM) is to promote world peace. He said that the WFM has branches in countries worldwide, with the WFM of Japan being one of the most prominent, and that it also aspires to achieve the goal of world peace. Having served as chairman of the Japan-Taiwan Exchange Association for 14 years, he said, he is now stepping down from this role and will serve as the chairman of the WFM of Japan, aiming to promote peace in countries around the world. Chairman Ohashi said that both Taiwan and Japan can take pride in our friendly bilateral relationship, emphasizing that if the good relationship between Japan and Taiwan could be offered as an example to countries around the world, there would be no more wars. He expressed his sincere hope that under President Lai’s leadership, Taiwan and Japan can work together to jointly promote world peace. Also in attendance at the ceremony was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-06-25
    President Lai meets Japan’s former Economic Security Minister Kobayashi Takayuki
    On the afternoon of June 25, President Lai Ching-te met with Kobayashi Takayuki, Japan’s former economic security minister and a current member of the House of Representatives. In remarks, President Lai expressed hope to combine the strengths of the democratic community to build resilient, reliable non-red supply chains, and ensure a resilient global economy and sustainable development. He also expressed hope that Taiwan and Japan can bring about the early signing of an economic partnership agreement (EPA), and that Japan will continue supporting Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. The following is a translation of President Lai’s remarks: I welcome Representative Kobayashi back to Taiwan for another visit after seven years. During his last visit, he was with a delegation from the Liberal Democratic Party (LDP) Youth Division, and we met at the Executive Yuan. I am very happy to see him again today. Representative Kobayashi has long paid close attention to matters involving economic security, technological innovation, and aerospace policy. He also made a stunning debut in last year’s LDP presidential election, showing that he is truly a rising star and an influential figure in the political sphere. With this visit, Representative Kobayashi is demonstrating support for Taiwan with concrete action, which is very meaningful. Taiwan and Japan are both part of the first island chain’s key line of defense. We thank the many Japanese prime ministers, including former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as current Prime Minister Ishiba Shigeru, for the many times they have highlighted the importance of peace and stability in the Taiwan Strait at important international venues, and for expressing opposition to the use of force or coercion to unilaterally change the status quo in the Taiwan Strait. I hope that Taiwan and Japan can engage in more cooperation and exchanges to promote peace and prosperity in the Indo-Pacific region in all aspects. In particular, China in recent years has been actively expanding its red supply chains, which threaten the global free trade system and advanced technology markets. Taiwan hopes to combine the strengths of the democratic community to build resilient, reliable non-red supply chains. In the semiconductor industry, for example, Taiwan has excellent advanced manufacturing capabilities, while Japan plays an important role in materials, equipment, and key technologies. I am confident that, given the experience that Taiwan and Japan have in cooperating, we can build an industrial supply chain composed of democratic nations to ensure a resilient global economy and sustainable development. I hope that Taiwan and Japan can bring about the early signing of an EPA in order to deepen our bilateral trade and investment exchanges and cooperation. I also hope that Japan will continue supporting Taiwan’s bid to join the CPTPP, enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. Taiwan and Japan are democratic partners that share the values of freedom, democracy, and respect for human rights. I firmly believe that so long as we work together, we can certainly address the challenges posed by authoritarianism, and bring prosperity and development to the Indo-Pacific region. In closing, I welcome Representative Kobayashi once again. I am certain that this visit will help enhance Taiwan-Japan exchanges and deepen our friendship. Representative Kobayashi then delivered remarks, first thanking President Lai for taking the time to meet with him, and noting that this was his second visit to Taiwan following a trip seven years prior, when he came with his good friend from college and then-Director of the LDP Youth Division Suzuki Keisuke, now Japan’s minister of justice. Representative Kobayashi mentioned a Japanese kanji that he is very fond of – 絆 (kizuna) – which means “deep ties of friendship.” He emphasized that a key purpose of this visit to Taiwan was to reiterate the deep ties of friendship between Taiwan and Japan. In addition to deep historical ties, he said, Taiwan and Japan also enjoy a like-minded partnership in terms of economic, personnel, and friendship-oriented exchanges. He went on to say that at the strategic level, Taiwan and Japan also have deep ties of friendship, and that for Japan, it is strategically important that Taiwan not be isolated under any circumstances. Representative Kobayashi emphasized that cooperation between Taiwan and Japan, and even cooperation among Taiwan, Japan, and the United States, are more important now than ever, and that another important focus of this visit is the non-red supply chains referred to earlier by President Lai. He said that as Japan’s first economic security minister and the person currently in charge of the LDP’s policy on economic security, he is acutely aware of the important impact of economic security on national interests, and therefore looks forward to further exchanging views regarding Taiwan’s concrete steps to build non-red supply chains. The delegation was accompanied to the Presidential Office by Japan-Taiwan Exchange Association Deputy Representative Takaba Yo.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: African Development Fund supports climate-resilient rice value chains across West Africa

    Source: APO – Report:

    The Board of Directors of the African Development Fund (ADF) (http://apo-opa.co/4nUpfmv), the concessional funding window of the African Development Bank Group (www.AfDB.org), on 17 July 2025 approved a $9.44 million grant for the Africa Rice Center (AfricaRice) to strengthen the climate resilience of rice value chains across West Africa.

    Funded through ADF’s Climate Action Window (http://apo-opa.co/4nVdlsD), the project will support rice producers and processors in 13 countries: Benin, Burkina Faso, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, and Togo.

    The initiative, part of the Regional Resilient Rice Value Chains Development Project in West Africa (REWARD), and specifically its adaptation component (REWARD-Adaptation), aims to scale up the adoption of climate-smart agricultural practices and technologies throughout the rice production and processing sectors.

    “The strategy for this project is to reduce the vulnerability and strengthen the resilience of rice value chains, from production to processing and marketing, while lowering greenhouse gas emissions through the dissemination and adoption of climate-smart practices and technologies,” said Marwan Ladki, Senior Irrigation Engineer at the African Development Bank, who is responsible for the project.

    Key project interventions include the distribution of climate-resilient rice seeds to 11,000 farmers, including 4,950 women and 6,600 young farmers. It will train 12,600 farmers and processors, support 65 small and medium-sized enterprises with equipment and improved access to business networks, and facilitate the provision of climate services and early warning systems through digital platforms and radio broadcasts, reaching up to 2 million beneficiaries. The project will also deploy four automatic weather stations per country to improve spatial coverage and climate monitoring. It is projected to create 47,000 employment opportunities, including 8,000 permanent and 39,000 seasonal jobs.

    – on behalf of African Development Bank Group (AfDB).

    Media contact:
    Alexis Adélé
    Department of Communication and External Relations
    media@afdb.org

    About AfricaRice:
    The Africa Rice Center (AfricaRice), based in Côte d’Ivoire, is a pan-African centre of excellence for rice research, development and capacity building. It contributes to reducing poverty, ensuring food and nutrition security, and improving the livelihoods of farmers and other actors in the rice value chain in Africa by increasing the productivity and profitability of rice-based agri-food systems, while ensuring the sustainability of natural resources.

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information: www.AfDB.org

    Media files

    .

    MIL OSI Africa

  • MIL-OSI Asia-Pac: Update on mosquito-borne diseases, dengue fever and chikungunya fever

    Source: Hong Kong Government special administrative region

    Update on mosquito-borne diseases, dengue fever and chikungunya fever 
    As of yesterday, 30 imported DF cases have been recorded so far this year. A total of 161 cases of DF were recorded in 2024, including 156 imported and five local cases. In 2023, 62 imported cases of DF were recorded. 
    According to the WHO, CF cases have been recorded in more than 110 countries/regions. As of early June this year, over 220 000 cases had been reported in 14 countries/regions worldwide (including the Mainland, Taiwan and Singapore which are popular tourist destinations for Hong Kong citizens). Of these cases, about 80 were fatal. Furthermore, according to the Guangdong Provincial Center for Disease Control and Prevention, Guangdong Province has recorded a total of 481 locally infected cases in a week between July 8 and 14, and all cases were reported from Foshan (478 in Shunde and three in Chancheng).DEET-containing insect repellents are effective and the public should take heed of the tips below:
     Issued at HKT 17:05

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    MIL OSI Asia Pacific News

  • MIL-OSI China: Middle span of continuous beam for Baoding East super major bridge of Xiong’an-Xinzhou high-speed railway closed

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

    Middle span of continuous beam for Baoding East super major bridge of Xiong’an-Xinzhou high-speed railway closed

    Updated: July 18, 2025 16:25 Xinhua
    An aerial drone photo taken on July 18, 2025 shows a construction site of the middle span of the continuous beam for Baoding East super major bridge of the Xiong’an-Xinzhou high-speed railway, which crosses over the Beijing-Hong Kong-Macao expressway, in Baoding, north China’s Hebei Province. The middle span built by China Railway 14th Bureau Group Co., Ltd. was successfully closed on Friday. The Xiong’an-Xinzhou high-speed railway is an important section of the Beijing-Kunming high-speed railway that belongs to a greater high-speed rail artery network consisting of eight vertical lines and eight horizontal lines in the country. [Photo/Xinhua]
    An aerial drone photo taken on July 18, 2025 shows a construction site of the middle span of the continuous beam for Baoding East super major bridge of the Xiong’an-Xinzhou high-speed railway, which crosses over the Beijing-Hong Kong-Macao expressway, in Baoding, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on July 18, 2025 shows a construction site of the middle span of the continuous beam for Baoding East super major bridge of the Xiong’an-Xinzhou high-speed railway, which crosses over the Beijing-Hong Kong-Macao expressway, in Baoding, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on July 18, 2025 shows a construction site of the middle span of the continuous beam for Baoding East super major bridge of the Xiong’an-Xinzhou high-speed railway, which crosses over the Beijing-Hong Kong-Macao expressway, in Baoding, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on July 18, 2025 shows a construction site of the middle span of the continuous beam for Baoding East super major bridge of the Xiong’an-Xinzhou high-speed railway, which crosses over the Beijing-Hong Kong-Macao expressway, in Baoding, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on July 18, 2025 shows a construction site of the middle span of the continuous beam for Baoding East super major bridge of the Xiong’an-Xinzhou high-speed railway, which crosses over the Beijing-Hong Kong-Macao expressway, in Baoding, north China’s Hebei Province. [Photo/Xinhua]
    An aerial drone photo taken on July 18, 2025 shows a construction site of the middle span of the continuous beam for Baoding East super major bridge of the Xiong’an-Xinzhou high-speed railway, which crosses over the Beijing-Hong Kong-Macao expressway, in Baoding, north China’s Hebei Province. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected methamphetamine worth about $1.1 million (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs seizes suspected methamphetamine worth about $1.1 million (with photo) 
    Customs officers on July 16 inspected an express parcel, which was declared as baby bottle sanitiser, arriving in Hong Kong from Canada via the Mainland at the Shenzhen Bay Control Point. Upon examination, Customs officers found the batch of suspected methamphetamine concealed inside a baby bottle sanitiser.
     
    Customs officers subsequently mounted a controlled delivery operation yesterday (July 17) and arrested a 56-year-old woman and a 58-year-old man in Mong Kok suspected to be connected with the case.
     
    An investigation is ongoing.
     
    Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not to participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people, nor to release their personal data or home address to others for receiving parcels or goods.
     
    Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.
     
    Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002Issued at HKT 16:42

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  • MIL-OSI Asia-Pac: Alleged misconduct probed

    Source: Hong Kong Information Services

    Secretary for Home & Youth Affairs Alice Mak today appointed a supervisory committee to investigate alleged misconduct by Tuen Mun District Councillor Kenneth Yip.

    The chairman and three members of the Tuen Mun District Council (DC) earlier initiated an investigation into Mr Yip’s alleged misconduct pursuant to the District Councils Ordinance.

    The committee appointed by Miss Mak, in accordance with the ordinance, comprises Li Tak-hong, Luparker Wong, Ng King-wah, Janus Lau and Lau Kar-wah.

    It will establish whether the allegations against Mr Yip are substantiated, and advise on whether the facts established constitute grounds for imposing any sanction on him. 

    The committee will submit an investigation report to Miss Mak, who will announce a decision on it in due course.

    She said: “The Government places strong emphasis on the conduct and integrity of DC members, and they should conduct themselves in a manner in line with public expectations and commensurate with the reputation of the DC and its members.”

    Miss Mak added that the committee includes one person who is not a DC member and four District Councillors from districts other than Tuen Mun. She stressed that the committee will handle the investigation in a robust, impartial, independent and objective manner, in accordance with the established mechanism.

    The Home & Youth Affairs Bureau said it will not comment on the case during the supervisory committee’s investigation.

    MIL OSI Asia Pacific News

  • I&B Secretary urges AI startups to embrace India’s linguistic diversity, develop tools to bridge language gaps

    Source: Government of India

    Source: Government of India (4)

    Information & Broadcasting Secretary Sanjay Jaju on Thursday urged AI startups to create homegrown, scalable solutions that reflect India’s rich linguistic and cultural diversity.

    Speaking at a meeting with incubators and startups at T-Hub in Hyderabad, Jaju encouraged them to take part in the ‘Kalaa Setu’ and ‘Bhasha Setu’ challenges. These are part of the WaveX Startup Accelerator Platform launched by the Ministry of Information & Broadcasting.

    These initiatives, Jaju said, are aimed at building a future-ready digital ecosystem. They align with the Ministry’s goal of using AI to bridge language gaps and support regional content.

    WaveX is part of the Ministry’s larger WAVES initiative. It supports innovation in media, entertainment, and language technologies, in line with Prime Minister Narendra Modi’s vision to grow the creator economy.

    The ‘Bhasha Setu’ challenge focuses on AI tools for translation and voice-based communication to make it easier to interact in multiple languages. The ‘Kalaa Setu’ challenge supports tools that turn written content into audio, video, or graphics, helping reach more people in local languages.

    According to the I&B Ministry, shortlisted teams will present their ideas to a national jury in New Delhi. Winners will sign an MoU for full development and receive pilot support from All India Radio, Doordarshan, and the Press Information Bureau. They will also get incubation support from the WaveX Innovation Platform.

    Earlier in May 2025, at the WAVES Summit held in Mumbai, WaveX facilitated pitching opportunities for over 30 startups, enabling direct interaction with government agencies, investors, and industry leaders. The platform continues to support innovative ideas through hackathons, mentorship, and integration with national platforms.

  • Piyush Goyal urges youth to lead the journey towards a Viksit Bharat by 2047

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Commerce and Industry Piyush Goyal on Friday inaugurated the India’s International Movement to Unite Nations (IIMUN) Conference 2025 in Noida, where he called upon youth to take the lead in building a Viksit Bharat (Developed India) by 2047, in line with Prime Minister Narendra Modi’s vision under the ‘Panch Pran’ for Amrit Kaal.

    Addressing a gathering of students and young leaders, Goyal said the next 25 years represent a defining era for India, and that the youth will be the primary drivers of the country’s transformation. He highlighted the five pledges outlined by the Prime Minister on Independence Day 2022 – developing India, shedding colonial mindsets, taking pride in heritage, fostering unity, and fulfilling collective responsibility – as guiding principles for the nation’s progress.

    Goyal emphasized the importance of inclusive and sustainable growth, calling on the youth to approach nation-building as both a duty and a privilege. He also encouraged them to consider roles in public service and politics, echoing the Prime Minister’s appeal for one lakh youth to join public life and become agents of change.

    “There is a need for capable and committed individuals to contribute to policymaking with compassion, dedication, and a spirit of service,” he said.

    Paying tribute to teachers and mentors, Goyal said their guidance plays a crucial role in shaping both individuals and the future of the country. Concluding his address, he urged the youth to become “changemakers and nation-builders,” committed to leading India toward greater heights.

  • MIL-OSI Africa: Call to address widening insurance protection gap

    Source: Government of South Africa

    With the surge in natural disasters in the last decade, the Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has called on leaders in the Group of Twenty (G20) to bridge the gap in the natural catastrophe insurance protection gap.

    The gap refers to the difference between total economic losses and insured losses caused by natural catastrophe (NatCat) events.

    “Addressing the Natural Catastrophe Insurance protection gap is both urgent and consequential for both developed and emerging market economies.

    “The frequency and intensity of natural disasters are increasing, causing significant damage to property and infrastructure, impacting lives and livelihoods, and resulting in tremendous loss of life. The risks are global, but the burden is deeply unequal,” Kganyago explained.

    The Governor was speaking during the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings in Durban on Thursday. 

    He was addressing senior leaders from governments, central banks and supervisors,  the private sector, and international organisations at a side event that discussed strategies and solutions for addressing  the widening insurance protection gap.

    NatCat protection gaps present a global challenge, affecting both advanced and emerging market and developing economies (EMDEs), and therefore require global responses. 

    In recent decades, damages and losses from NatCat events have surged due to the growing frequency and severity of extreme weather events, exacerbated by climate change.

    While insurance markets play a crucial role in mitigating the financial impacts stemming from these damages, their ability to offer adequate coverage is increasingly being challenged, leading to a widening insurance protection gap against NatCat events.

    “In many emerging and developing economies, the costs of these disasters are magnified by limited financial and significant lack of insurance protection.

    “Globally, it is estimated that over half of natural disaster losses remain uninsured. In EMDEs, that figure often exceeds 70%. South Africa, for example, is estimated at 71% and India at around 91%. This leaves households, businesses and governments dangerously exposed, compounding economic shock and slowing development for years or even decades,” the Governor said.

    Emerging market and developing economies face disproportionately higher protection gaps due to low insurance penetration, affordability challenges, underdeveloped insurance markets, and insufficient access to risk models and data.

    Significant insurance protection gaps are also observed in advanced economies, including Europe. In recent years, promoting insurance protection against NatCat events has become an important priority for policymakers and the international community.

    “From a central banking perspective and financial stability perspective, this is not a peripheral issue but a core issue. Uninsured losses from natural disasters can undermine economic stability, threaten the solvency of financial institutions and disrupt credit flows.

    “Moreover, when governments must step in with emergency funds or debt finance reconstruction, it places additional strain on already limited fiscal space,” he said.

    For central banks, policymakers and supervisors, bridging this protection gap is part of building macro financial resilience, the Governor said.

    Call for improved mechanisms

    “It calls for stronger risk sharing mechanisms, improved data and modelling of climate related risks and innovative insurance solutions such as parametric instruments, catastrophe bonds and regional risk pools.

    “More importantly, it requires a coordinated and collaborative effort across governments, insurance supervisors, the private sector, international organisations, multilateral development institutions and local communities to embed financial resilience into our climate and development strategies,” Kganyago said.

    He encouraged the global leaders to recognise that resilience is not built in the aftermath of disasters but in the deliberate and proactive planning and actions before they occur.

    “Insurance is not a luxury; it is a foundational and critical tool for sustainable development. Let’s think boldly about how we can address this protection gap beyond innovative products to include appropriate policies and regulations that are inclusive, accessible and tailored to jurisdictional instances, especially considering the realities of EMDEs,” the Governor said.

    The G20 South African Presidency, in collaboration with the International Association of Insurance Supervisors (IAIS) and the World Bank Group (WBG), hosted this side event during the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings.

    The event focused on improving financial resilience and enhancing broader disaster risk mitigation strategies by identifying and addressing insurance protection gaps.

    Input paper 

    South Africa assumed the G20 Presidency on 1 December 2024 until 30 November 2025 under the theme: “Solidarity, Equality and Sustainability”.

    This initiative forms part of the G20 Sustainable Finance Working Group (SFWG) priority of scaling up finance for adaptation and just transitions, as discussed in an IAIS-WBG input paper, which will be published next week.

    The paper serves as a ‘guide for action’ to help jurisdictions narrow NatCat insurance protection gaps. The paper outlines practical and implementable actions that governments, supervisors, and the insurance industry can take, with a particular focus on EMDEs. 

    From 21 July 2025, the input paper can be accessed on the G20 SFWG website: https://g20sfwg.org/document-repository/.
    SAnews.gov.za

    MIL OSI Africa

  • PM Modi unveils infrastructure projects worth ₹7,200 crore in Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday inaugurated a series of infrastructure projects worth ₹7,200 crore in Bihar, urging the transformation of the state into a hub of growth and opportunities and an integral part of the Viksit Bharat mission.

    Addressing a large public gathering in Motihari, PM Modi said that just as several Eastern nations have emerged as key centres of global growth, Bihar too should become the driving force behind India’s development.

    “I congratulate everyone on receiving a slew of developmental projects worth ₹7,200 crore,” the Prime Minister said.

    He emphasised that the NDA government under Chief Minister Nitish Kumar is committed to the welfare of Bihar’s people and is focused on bringing equitable development to the state, comparable to more developed regions across India.

    “Our aim is to bring Bihar’s cities on par with other developed urban centres – equating Gaya with Gurugram, Pune with Patna, Jaipur with Jalpaiguri, and Bengaluru with Birbhum,” he said.

    PM Modi criticised the previous UPA government for giving Bihar “step-motherly treatment,” stating that it had allocated only ₹2 lakh crore to the state over a decade. In contrast, he said, the BJP-led government has significantly increased that allocation over the past 10 years. He added that those who practiced “revengeful politics” have now been shown the door.

    He also pointed out that Bihar has been a major beneficiary of the Centre’s public welfare schemes. “In Motihari alone, more than three lakh families have received pucca houses under our schemes,” the Prime Minister said.

    Earlier in the day, PM Modi was given a grand reception, with thousands of people lining the streets of Motihari, waving and chanting slogans as his convoy passed by.

    -IANS

  • MIL-OSI Asia-Pac: Business expectations for the third quarter of 2025

    Source: Hong Kong Government special administrative region

    Business expectations for the third quarter of 2025 
    Business Situation
     
    For all surveyed sectors taken together, the proportion of respondents expecting their business situation to be better (10%) in Q3 2025 over the preceding quarter is lower than that expecting it to be worse (18%).
     
    When compared with the results of the Q2 2025 survey round, the proportion of respondents expecting a better business situation in Q3 2025 is 10%, slightly higher than the corresponding proportion in Q2 2025 (9%). On the other hand, the proportion of respondents expecting a worse business situation in Q3 2025 is broadly the same as the corresponding proportion in Q2 2025 (18%).
     
    Analysed by sector, respondents in quite a number of the surveyed sectors expect their business situation to decrease on balance in Q3 2025 as compared with Q2 2025. In particular, significantly more respondents in the transportation, storage and courier services sector expect their business situation to be worse in Q3 2025 as compared with Q2 2025.
     
    The results of the survey should be interpreted with care. In this type of survey on expectations, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the future accords with the underlying trends. The enumeration period for this survey round was from June 3, 2025 to July 7, 2025.
     
    Volume of Business / Output
     
    Respondents in quite a number of the surveyed sectors expect their volume of business / output to decrease on balance in Q3 2025 as compared with Q2 2025. In particular, more respondents in the construction; transportation, storage and courier services; import/export trade and wholesale; accommodation and food services; and retail sectors expect their volume of construction output / business / sales to decrease in Q3 2025 over Q2 2025.
     
    Employment
     
    Respondents in quite a number of the surveyed sectors expect their employment to remain broadly unchanged in Q3 2025 as compared with Q2 2025. However, more respondents in the information and communications sector expect their employment to decrease in Q3 2025 over Q2 2025. In the real estate sector, on the other hand, more respondents expect their employment to increase, as compared to those expecting it to decrease.
     
    Selling Price / Service Charge
     
    Respondents in most of the surveyed sectors expect their selling prices / service charges to remain broadly unchanged in Q3 2025 as compared with Q2 2025. However, significantly more respondents in the construction sector expect their tender prices to go down in Q3 2025 over Q2 2025.
     
    Commentary
     
    A Government spokesman said that the overall near-term business outlook among large enterprises for the third quarter of 2025 was slightly better than the expectation for the previous quarter, while the hiring appetite remained stable.
     
    Looking forward, the spokesman said that the ongoing uncertainty in the external environment would continue to affect the local business sentiment. Nonetheless, the resilient local economy and sustained steady growth in the Mainland economy should provide support. The Government will continue to monitor the situation closely.
     
    Further Information
     
    The survey gathers views on short-term business performance from the senior management of about 560 prominent establishments in various sectors in Hong Kong with a view to providing a quick reference, with minimum time lag, for predicting the short-term future economic performance of the local economy.
     
    The survey covers 10 major sectors in Hong Kong, namely manufacturing; construction; import / export trade and wholesale; retail; accommodation and food services (mainly covering services rendered by hotels and restaurants); transportation, storage and courier services; information and communications; financing and insurance; real estate; and professional and business services sectors.
     
    Views collected in the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in, and are limited to the expected direction of quarter-to-quarter change (e.g. “up”, “same” or “down”) but not the magnitude of change. In collecting views on the quarter-to-quarter changes, if the variable in question is subject to seasonal variations, respondents are asked to provide the expected changes after excluding the normal seasonal variations.
     
    Survey results are generally presented as “net balance”, i.e. the difference between the percentage of respondents choosing “up” and that choosing “down”. The percentage distribution of respondents among various response categories (e.g. “up”, “same” and “down”) reflects how varied their business expectations are. The “net balance”, with its appropriate sign, indicates the direction of expected change in the variable concerned. A positive sign indicates a likely upward trend while a negative sign indicates a likely downward trend. However, the magnitude of the “net balance” reflects only the prevalence of optimism or pessimism, but not the magnitude of expected change, since information relating to such magnitude is not collected in the survey.
     
    Furthermore, owing to sample size constraint, care should be taken in interpreting survey results involving a small percentage (e.g. less than 10%) of respondents in individual sectors.
     
    Chart 1 shows the views on expected changes in business situation for the period Q3 2024 to Q3 2025.
     
    Table 1 shows the net balances of views on expectations in respect of different variables for Q3 2025.
     
    The survey results are published in greater detail in the “Report on Quarterly Business Tendency Survey, Q3 2025”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1110008&scode=300  
    Users who have enquiries about the survey results may contact the Business Expectation Statistics Section of the C&SD (Tel: 3903 7263; E-mail:
    business-prospects@censtatd.gov.hkIssued at HKT 16:30

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  • MIL-OSI Asia-Pac: Composite Interest Rate: End of June 2025

    Source: Hong Kong Government special administrative region

    Composite Interest Rate: End of June 2025 
    The composite interest rate, which is a measure of the average cost of funds of banks, decreased by 35 basis points to 1.26 per cent at the end of June 2025, from 1.61 per cent at the end of May 2025 (see Chart 1 in the Annex). The decrease in composite interest rate reflected the decreases in the weighted funding cost for deposits during the month (see Chart 2 in the Annex) (Note 2). 
     
    The HKMA publishes the composite interest rate on a monthly basis. Beginning with the end-July 2025 statistics, the monthly publication will only be released in the Monthly Statistical Bulletin on the HKMA website (www.hkma.gov.hk/media/eng/doc/market-data-and-statistics/monthly-statistical-bulletin/T0605.xls 
    Note 1: The composite interest rate is a weighted average interest rate of all Hong Kong dollar interest-rate-sensitive liabilities, which include deposits from customers, amounts due to banks, negotiable certificates of deposit and other debt instruments, and all other liabilities that do not involve any formal payment of interest but the values of which are sensitive to interest rate movements (such as Hong Kong dollar non-interest bearing demand deposits) on the books of banks. Data from retail banks, which account for about 90 per cent of the total customers’ deposits in the banking sector, are used in the calculation. It should be noted that the composite interest rate represents only average interest expenses. There are various other costs involved in the making of a loan, such as operating costs (e.g. staff and rental expenses), credit cost and hedging cost, which are not covered by the composite interest rate.Issued at HKT 16:30

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  • MIL-OSI Banking: Secretary-General of ASEAN hosts working lunch for Ambassador of China to ASEAN

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today hosted a working lunch for Ambassador of the People’s Republic of China to ASEAN, H.E. Hou Yanqi. Both sides discussed preparations for SG’s upcoming visit to China, on 23-26 July 2025, including his participation in the 2025 World AI Conference (WAIC) in Shanghai. They also took the opportunity to exchange views on the ASEAN-China relations and deliverables to support the ASEAN Chair’s priorities this year.

    The post Secretary-General of ASEAN hosts working lunch for Ambassador of China to ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Russia: China Launches Wind Energy Technology Courses for Representatives from Belt and Road Initiative Countries

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 18 (Xinhua) — A wind energy technology course opened Thursday morning in Lanzhou, capital of northwest China’s Gansu Province, for representatives from countries participating in the Belt and Road Initiative.

    According to the Gansu Daily newspaper, 28 cadets from 9 countries, including Azerbaijan, Malaysia, Egypt, Costa Rica, Kenya and Nigeria, took part in the opening ceremony of the courses.

    The training courses will last 21 days. The program of the courses includes professional lectures, technological exchanges, seminars, study tours, etc.

    Representatives from different countries will systematically study applied wind energy technologies and management experience in this area.

    Gansu Province has advantages in resources, production and technology in solar and wind energy development.

    It should be recalled that the Gansu Institute of Natural Energy Resources has been involved in organizing training courses to provide assistance to foreign countries since 1991. To date, a total of 109 international training courses on renewable energy such as solar and wind energy have been held. The training projects have trained more than 2,800 government officials and senior technical personnel for more than 130 countries. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: ​The 8th China (Ordos) International Cashmere and Wool Exhibition Opened

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    On July 18, the 8th China (Ordos) International Cashmere and Wool Expo opened in Dongsheng District, Ordos City, Inner Mongolia Autonomous Region. It not only created an effective platform for exchange and cooperation in the global cashmere and wool industry, but also injected strong impetus into the high-quality development of cashmere and wool industry in Ordos.

    During the exhibition, 11 diverse activities will also be held, including a presentation on attracting investment to the cashmere industry in Ordos, which will promote the comprehensive and multi-level development of exchange and cooperation in this industry.

    It is reported that the exhibition was carefully organized into 6 large exhibition areas, which attracted more than 30 international companies from 10 countries including the UK, France, Italy, Japan, the Republic of Korea and Mongolia, as well as nearly 200 exhibitors and more than 220 buyers.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Draft Tsuen Wan Outline Zoning Plan approved

    Source: Hong Kong Government special administrative region

    Draft Tsuen Wan Outline Zoning Plan approved 
         “The approved OZP provides a statutory land use planning framework to guide the development and redevelopment within the Tsuen Wan area”, a spokesman for the Town Planning Board said today (July 18). 
     
    The planning scheme area, covering about 743.48 hectares, includes Tsuen Wan Valley and its adjoining areas and forms part of the Tsuen Wan New Town. The area extends from Wo Yi Hop Road in the east to Yau Kom Tau in the west.
     
    The approved OZP has incorporated amendments shown on the draft Tsuen Wan OZP No. S/TW/38, which mainly involve (i) rezoning a site at the junction of Wing Shun Street and Texaco Road from “Government, Institution or Community (9)” to “Residential (Group A) 22” for private residential development; and (ii) rezoning a site at the junction of Ma Tau Pa Road and Texaco Road from “Comprehensive Development Area (1)” to “Commercial (7)” to facilitate redevelopment of the existing industrial buildings for commercial uses.
     
    The Notes and Explanatory Statement of the OZP have been amended to reflect the above amendments. Opportunity is also taken to update the general information of various land use zonings and the planning circumstances, where appropriate.
     
    The approved Tsuen Wan OZP No. S/TW/39 is available for public inspection during office hours at (i) the Secretariat of the Town Planning Board, (ii) the Planning Enquiry Counters, (iii) the Tsuen Wan and West Kowloon District Planning Office, (iv) the Tsuen Wan District Office and (v) the Tsuen Wan Rural Committee.
     
    Copies of the approved OZP are available for sale at the Map Publications Centre in North Point. The electronic version of the OZP can be viewed at the Town Planning Board’s website (www.tpb.gov.hkIssued at HKT 16:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Food and Drugs (Composition and Labelling) (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region

    Food and Drugs (Composition and Labelling) (Amendment) Regulation 2025 gazetted
    Through legislative amendments, mini-cup konjac-containing jelly confectionery with a height or width not exceeding 45 millimetres will be prohibited for sale in the market. In addition, other konjac jelly products must be labelled with choking warning statements on their packaging to remind consumers to exercise caution while eating. 

    A Government spokesman said, “While konjac itself is a safe food additive, the smooth and slippery surface and firm texture of konjac jellies may pose a choking risk if not consumed properly. This risk is particularly high for children and the elderly. The Government has been promoting health education messages on the prevention of food choking through various channels, such as advising consumers to avoid slurping mini-cup konjac-containing jelly confectionery directly.”
    “Caution: Do not swallow whole. Elderly and children must consume under supervision.
    注意:勿一口吞食,長者及兒童須在監護下食用。”
    The Centre for Food Safety (CFS) will continue to enhance health education on choking prevention, including issuing letters to schools, organising seminars, and sharing information on social media. In addition, the CFS will arrange technical meetings with the trade and issue user guidelines in due course to facilitate the trade’s understanding of and compliance with the new requirements.
    Issued at HKT 16:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Alice Mak meets Sichuan officials

    Source: Hong Kong Information Services

    On the final day of a visit encompassing Beijing and Sichuan, Secretary for Home & Youth Affairs Alice Mak today called on Sichuan officials and visited the Shabanqiao community in Chengdu.

    In the morning, Miss Mak called on Director of the Hong Kong & Macao Affairs Office of the Sichuan Provincial People’s Government Zhang Tao.

    Miss Mak briefed Ms Zhang on youth development, women’s development and district governance in the Hong Kong Special Administrative Region. She also learned about Sichuan’s work in related areas.

    She also expressed her hope for greater co-operation and exchange between the two places.

    Miss Mak also visited the Shabanqiao community in Chengdu to gained insights into community governance there.

    She returned to Hong Kong this afternoon.

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: Foreign Minister of Indonesia Pays Maiden Official Visit to the ASEAN Headquarters/ASEAN Secretariat

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today welcomed the Foreign Minister of Indonesia H.E. Sugiono during his first official visit to the ASEAN Headquarters/ASEAN Secretariat. H.E. Sugiono toured the premises, which included the Heritage Building, and attended a meet-and-greet with the Permanent Representatives to ASEAN, the Ambassador of Timor-Leste to ASEAN, and dedicated Ambassadors to ASEAN. During the visit, H.E. Sugiono also held a meeting with Dr. Kao, where they discussed the follow-up to the 46th ASEAN Summit and the recently-concluded 58th ASEAN Foreign Ministers’ Meeting and related meetings, among others. As host country of the ASEAN Secretariat premises, Indonesia plays a central role in supporting ASEAN’s work, and this visit underscores Indonesia’s continued commitment to ASEAN and its institutional building, with a view to advancing regional integration and the goals of ASEAN 2045: Our Shared Future.

    The post Foreign Minister of Indonesia Pays Maiden Official Visit to the ASEAN Headquarters/ASEAN Secretariat appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • US eyes ‘back to basics’ revamp of G20 when it assumes presidency next year

    Source: Government of India

    Source: Government of India (4)

    The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump administration’s plans said.

    Washington has scaled back its participation this year, with Treasury Secretary Scott Bessent skipping a G20 finance chiefs’ meeting that started in Durban, South Africa, on Thursday, his second absence from an event this year.

    Experts and administration sources say the absence of top U.S. officials reflects the Trump administration’s skepticism about multilateral institutions such as the G20, which the U.S. helped found in 1999.

    U.S. President Donald Trump has upended the global economy with a wide-ranging trade war that has targeted many developing countries, including G20 members, while slashing foreign development funds to pursue an “America First” agenda.

    Three U.S. sources familiar with the matter say Washington still plans to assume the G20 presidency at the end of the year, which coincides with the 250th anniversary of the United States.

    But it will focus on two “tracks” – the leaders’ summit and the financial track – eliminating other working groups and ministerial-level meetings, including those on energy, health, commerce and the environment, two of the sources said.

    A more streamlined G20 process would be in line with Bessent’s call in April for the International Monetary Fund and World Bank to focus on their core missions of financial stability and development instead of climate finance and gender issues. The White House and Treasury had no immediate comment.

    SECOND-ROUND RESET

    Josh Lipsky, chair of international economics at the Atlantic Council in Washington, said Bessent and other senior U.S. officials want to get “back to basics,” an approach being embraced by other G20 members.

    The U.S. has already withdrawn from co-chairing a working group on sustainable finance with China and it remains unclear whether Trump will join this year’s leaders’ summit in South Africa.

    Many members agreed the G20’s portfolio had grown too large, triggering a review, said two sources familiar with the issue.

    In 2024, G20 host Brazil sought the group’s endorsement of a global minimum tax on the ultra wealthy, a step that the Biden administration rejected as an overreach.

    “There seems to be consensus at the G20 that it has expanded a lot. G20 South Africa is conducting a review of the G20 process and will provide recommendations to streamline it. That is in line with what the U.S. is looking at,” one of the sources said.

    Activists and developing countries say they will watch U.S. actions, but that paring back could help the G20 survive.

    “Our hope is that development continues to be linked,” said Eric LeCompte, executive director of the non-profit Jubilee USA Network. “Financial stability, debt issues and economic issues cannot be separated from development and global growth.”

    CRISIS ORIGINS

    The G20 was founded after the Asian financial crisis of 1997-1998, before expanding to include state leaders during the global financial crisis in 2008. It has been tested by U.S.-China tensions, Russia’s invasion of Ukraine, and divergent views on the Middle East conflicts.

    Brad Setser, a former U.S. official now at the Council on Foreign Relations, said the G20 still offered a platform for high-level bilateral meetings.

    He said Trump could welcome to the U.S. next year foreign leaders such as Chinese President Xi Jinping and even Russian President Vladimir Putin if the Ukraine war ended, without the fanfare of a bilateral summit or state visit.

    Ben Harris, a former senior Treasury official now at the Brookings Institution, said Washington’s decision to pull back offered China and others a chance to show leadership, which might not serve U.S. interests.

    “It obviously creates a vacuum, and that vacuum will be filled.”

    (Reuters)

  • US eyes ‘back to basics’ revamp of G20 when it assumes presidency next year

    Source: Government of India

    Source: Government of India (4)

    The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump administration’s plans said.

    Washington has scaled back its participation this year, with Treasury Secretary Scott Bessent skipping a G20 finance chiefs’ meeting that started in Durban, South Africa, on Thursday, his second absence from an event this year.

    Experts and administration sources say the absence of top U.S. officials reflects the Trump administration’s skepticism about multilateral institutions such as the G20, which the U.S. helped found in 1999.

    U.S. President Donald Trump has upended the global economy with a wide-ranging trade war that has targeted many developing countries, including G20 members, while slashing foreign development funds to pursue an “America First” agenda.

    Three U.S. sources familiar with the matter say Washington still plans to assume the G20 presidency at the end of the year, which coincides with the 250th anniversary of the United States.

    But it will focus on two “tracks” – the leaders’ summit and the financial track – eliminating other working groups and ministerial-level meetings, including those on energy, health, commerce and the environment, two of the sources said.

    A more streamlined G20 process would be in line with Bessent’s call in April for the International Monetary Fund and World Bank to focus on their core missions of financial stability and development instead of climate finance and gender issues. The White House and Treasury had no immediate comment.

    SECOND-ROUND RESET

    Josh Lipsky, chair of international economics at the Atlantic Council in Washington, said Bessent and other senior U.S. officials want to get “back to basics,” an approach being embraced by other G20 members.

    The U.S. has already withdrawn from co-chairing a working group on sustainable finance with China and it remains unclear whether Trump will join this year’s leaders’ summit in South Africa.

    Many members agreed the G20’s portfolio had grown too large, triggering a review, said two sources familiar with the issue.

    In 2024, G20 host Brazil sought the group’s endorsement of a global minimum tax on the ultra wealthy, a step that the Biden administration rejected as an overreach.

    “There seems to be consensus at the G20 that it has expanded a lot. G20 South Africa is conducting a review of the G20 process and will provide recommendations to streamline it. That is in line with what the U.S. is looking at,” one of the sources said.

    Activists and developing countries say they will watch U.S. actions, but that paring back could help the G20 survive.

    “Our hope is that development continues to be linked,” said Eric LeCompte, executive director of the non-profit Jubilee USA Network. “Financial stability, debt issues and economic issues cannot be separated from development and global growth.”

    CRISIS ORIGINS

    The G20 was founded after the Asian financial crisis of 1997-1998, before expanding to include state leaders during the global financial crisis in 2008. It has been tested by U.S.-China tensions, Russia’s invasion of Ukraine, and divergent views on the Middle East conflicts.

    Brad Setser, a former U.S. official now at the Council on Foreign Relations, said the G20 still offered a platform for high-level bilateral meetings.

    He said Trump could welcome to the U.S. next year foreign leaders such as Chinese President Xi Jinping and even Russian President Vladimir Putin if the Ukraine war ended, without the fanfare of a bilateral summit or state visit.

    Ben Harris, a former senior Treasury official now at the Brookings Institution, said Washington’s decision to pull back offered China and others a chance to show leadership, which might not serve U.S. interests.

    “It obviously creates a vacuum, and that vacuum will be filled.”

    (Reuters)

  • Trump asks for release of grand jury documents in Epstein case

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump’s administration will ask a court to allow the release of grand jury testimony in the case of deceased convicted sex offender Jeffrey Epstein, after some of his supporters reacted in fury to a report concluding there was no evidence to support long-running theories about his case.

    “Based on the ridiculous amount of publicity given to Jeffrey Epstein, I have asked Attorney General Pam Bondi to produce any and all pertinent Grand Jury testimony, subject to Court approval. This SCAM, perpetuated by the Democrats, should end, right now!” Trump wrote on his Truth Social platform.

    Shortly after Trump’s statement, Bondi said on X that the Justice Department was ready to ask the court on Friday to unseal the grand jury transcripts.

    “President Trump – we are ready to move the court tomorrow to unseal the grand jury transcripts,” Bondi wrote.

    Some Trump supporters have raised questions about Epstein, the disgraced financier, after the Justice Department this month concluded that there was no evidence to support a number of long-held conspiracy theories about his clients and 2019 death in prison.

    Bondi had pledged months earlier to reveal major revelations about Epstein, including “a lot of names” and “a lot of flight logs.”

    Some Trump supporters have demanded the release of more information on Epstein, causing a rare fracture within his base of support. Trump has pushed back, calling the matter a hoax.

    Allegations that Epstein had been sexually abusing girls became public in 2006 and he was arrested that year before accepting a plea deal. Epstein died in 2019 in jail after he was arrested a second time and charged with sex-trafficking conspiracy.

    (Reuters)

  • Trump asks for release of grand jury documents in Epstein case

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump’s administration will ask a court to allow the release of grand jury testimony in the case of deceased convicted sex offender Jeffrey Epstein, after some of his supporters reacted in fury to a report concluding there was no evidence to support long-running theories about his case.

    “Based on the ridiculous amount of publicity given to Jeffrey Epstein, I have asked Attorney General Pam Bondi to produce any and all pertinent Grand Jury testimony, subject to Court approval. This SCAM, perpetuated by the Democrats, should end, right now!” Trump wrote on his Truth Social platform.

    Shortly after Trump’s statement, Bondi said on X that the Justice Department was ready to ask the court on Friday to unseal the grand jury transcripts.

    “President Trump – we are ready to move the court tomorrow to unseal the grand jury transcripts,” Bondi wrote.

    Some Trump supporters have raised questions about Epstein, the disgraced financier, after the Justice Department this month concluded that there was no evidence to support a number of long-held conspiracy theories about his clients and 2019 death in prison.

    Bondi had pledged months earlier to reveal major revelations about Epstein, including “a lot of names” and “a lot of flight logs.”

    Some Trump supporters have demanded the release of more information on Epstein, causing a rare fracture within his base of support. Trump has pushed back, calling the matter a hoax.

    Allegations that Epstein had been sexually abusing girls became public in 2006 and he was arrested that year before accepting a plea deal. Epstein died in 2019 in jail after he was arrested a second time and charged with sex-trafficking conspiracy.

    (Reuters)

  • India remains a compelling investment destination globally: Report

    Source: Government of India

    Source: Government of India (4)

    India remains a compelling investment destination worldwide owing to its stability, structural reforms, and a resilient consumer base, a leading global investment firm, KKR, has stressed.

    KKR, in its ‘2025 Mid-Year Global Macro Outlook,’ said India’s growth prospects and favourable market conditions make it an attractive opportunity for investors. “From a macro perspective, India’s relative insulation from global trade friction remains intact, supported by its predominantly domestic, consumer-driven economy,” the report stated.

    “We continue to see India as one of the most compelling strategic allocations within emerging markets today,” it added.

    The report, published by KKR’s Global Macro & Asset Allocation team, emphasised India’s unique position as a scalable opportunity amid a shift from benign globalisation to great power competition.

    KKR also sees significant potential in infrastructure and credit investments in India, as the private sector capitalises on these trends.

    “As the global trade landscape recalibrates, India is well-positioned to increase its manufacturing share, particularly as oil prices soften and ‘China+1’ strategies become more entrenched. Cyclically, we are observing early signs of a rebound following a soft patch in 2024, driven by rural income recovery, robust services exports, and, importantly, supportive policy measures,” said the KKR report.

    Production-linked incentives and eased FDI rules are central to the government’s efforts to attract broader capital inflows. Anticipated rate cuts by the Reserve Bank of India and the recent fiscal year budget, which injects meaningful stimulus for low- and middle-income households, further bolster this outlook.

    “For investors, India also offers diversification benefits. Its equity market correlation with global indices has decreased — and the sheer scale of its economy is expected to unlock significant private sector opportunities over the next decade,” the report highlighted.

    The report further stated that while a modest depreciation of the rupee is anticipated, this can be hedged. The core investment thesis remains compelling: in a volatile global environment, India’s stability, ongoing reforms, and resilient consumer base create a differentiated and increasingly scalable opportunity.

    (IANS)

  • UAE and WHO Complete Major Health Assessment Phase in Yemen’s Socotra Island

    Source: Government of India

    Source: Government of India (4)

    Field teams from the United Arab Emirates and the World Health Organization have successfully completed the first phase of a comprehensive health assessment on Socotra Island in Yemen, conducted in close coordination with Yemen’s Ministry of Public Health and Population.

    The multi-phase operation will comprise four scheduled field visits over a one-year period, representing the initial phase of an ambitious program designed to reduce mortality related to poor health and malnutrition by 20 percent over the next two to five years through an integrated health system strengthening approach.

    The assessment covered 38 enumeration areas across all 29 sub-districts of Socotra Island. Preliminary results show that 93 percent of targeted health facilities were surveyed, with data collected from 4,214 households. Field teams conducted over 930 caregiver interviews, took anthropometric measurements from eligible children and mothers, facilitated 12 focus group discussions with community groups, and completed all 15 planned key informant interviews with stakeholders including local authorities, donor organizations, and UN agencies.

    The project will now enter the data cleaning and analysis phase, leading to a comprehensive report revealing the current status of maternal and child health and nutrition in the community. Future stages include procurement and distribution of medical supplies, recruitment of technical experts, training programs, and community awareness campaigns.

    The initiative reflects the UAE’s data-driven humanitarian approach, implemented in partnership with international health organizations to improve public health indicators among vulnerable populations. This assessment comes at a critical time for Socotra Island, which faces significant health challenges including food insecurity and repeated outbreaks of cholera, measles, and dengue fever.

    Socotra Island is a remote Yemeni archipelago located in the Indian Ocean approximately 380 kilometers south of the Arabian Peninsula. The largest island covers about 3,600 square kilometers and is home to approximately 60,000 inhabitants. Socotra is renowned for its extraordinary biodiversity, with up to a third of its plant species being endemic and found nowhere else on the planet. The island was recognized as a UNESCO World Heritage Site in 2008. Despite its natural significance, Socotra faces ongoing challenges from Yemen’s civil war.

  • With series on the line, India mull unleashing Bumrah in Manchester

    Source: Government of India

    Source: Government of India (4)

     Jasprit Bumrah is a weapon India must use sparingly but with the five-test series against England on the line, the tourists are considering playing their pace spearhead in the fourth test in Manchester next week.

    The team management has decided that Bumrah, whose workload has been carefully managed since he returned from a back surgery earlier this year, will play three of the five tests in England.

    A victory in Manchester would give England an unassailable 3-1 lead. To prevent that, India are considering playing Bumrah, who skipped the second test in Birmingham, in the next match rather than preserving him for the final test at the Oval.

    “We know we have got him for one of the last two tests,” assistant coach Ryan ten Doeschate told reporters after a training session on Thursday.

    “It’s pretty obvious that the series is on the line now in Manchester, so there will be a leaning towards playing him.”

    “But again, we have got to look at all the factors: how many days of cricket are we going to get up there, what do we feel is our best chance of winning that game, and then how that fits in together with the Oval.”

    Arguably the best all-format bowler of his era, Bumrah registered five-wicket hauls in both the tests he played on this tour of England, though India lost both in Leeds and Lord’s.

    India wicketkeeper Rishabh Pant, who suffered a finger injury at Lord’s, did not bat in Thursday’s practice.

    Ten Doeschate was confident Pant will reprise his usual roles in front of the stumps with the bat and behind them with the keeper’s gloves in Manchester.

    “Look, I don’t think you’re going to keep Rishabh out of the test no matter what,” former Dutch international ten Doeschate said.

    “He batted with quite a lot of pain in the third test and it’s only going to get easier and easier on his finger.”

    -REUTERS

  • With series on the line, India mull unleashing Bumrah in Manchester

    Source: Government of India

    Source: Government of India (4)

     Jasprit Bumrah is a weapon India must use sparingly but with the five-test series against England on the line, the tourists are considering playing their pace spearhead in the fourth test in Manchester next week.

    The team management has decided that Bumrah, whose workload has been carefully managed since he returned from a back surgery earlier this year, will play three of the five tests in England.

    A victory in Manchester would give England an unassailable 3-1 lead. To prevent that, India are considering playing Bumrah, who skipped the second test in Birmingham, in the next match rather than preserving him for the final test at the Oval.

    “We know we have got him for one of the last two tests,” assistant coach Ryan ten Doeschate told reporters after a training session on Thursday.

    “It’s pretty obvious that the series is on the line now in Manchester, so there will be a leaning towards playing him.”

    “But again, we have got to look at all the factors: how many days of cricket are we going to get up there, what do we feel is our best chance of winning that game, and then how that fits in together with the Oval.”

    Arguably the best all-format bowler of his era, Bumrah registered five-wicket hauls in both the tests he played on this tour of England, though India lost both in Leeds and Lord’s.

    India wicketkeeper Rishabh Pant, who suffered a finger injury at Lord’s, did not bat in Thursday’s practice.

    Ten Doeschate was confident Pant will reprise his usual roles in front of the stumps with the bat and behind them with the keeper’s gloves in Manchester.

    “Look, I don’t think you’re going to keep Rishabh out of the test no matter what,” former Dutch international ten Doeschate said.

    “He batted with quite a lot of pain in the third test and it’s only going to get easier and easier on his finger.”

    -REUTERS

  • Sujeet Kalkal strikes gold at Budapest Wrestling Ranking Series

    Source: Government of India

    Source: Government of India (4)

    Indian wrestler Sujeet Kalkal on Thursday clinched the gold medal in the 65kg men’s freestyle category at the Polyak Imre & Varga Janos Memorial 2025 wrestling tournament in Budapest, Hungary.

    In the final of the 65kg men’s freestyle category, Sujeet delivered a clinical performance to defeat four-time European medallist Ali Rahimzade of Azerbaijan 5-1. His triumph marked India’s first gold medal in wrestling at any of the Ranking Series events this year. Earlier, Indian grapplers had returned empty-handed from the tournaments in Amman and Mongolia, according to Olympics.com.

    In the first period of the final, Sujeet conceded an activity point, but he raised the tempo in the second period to complete two takedowns. He secured another activity point en route to a commanding victory in the gold medal bout.

    Sujeet’s journey to the final was equally impressive. He began with a dominant 11-0 win over Paris 2024 Olympic bronze medallist Islam Dudaev of Albania in the round of 16. He then overwhelmed European silver medallist Khamzat Arsamerzouev of France in the quarter-finals, before stamping his authority with a 6-1 win over Vazgen Tevanyan of Armenia in the semi-finals.

    India added another medal in the men’s 57kg category, where Rahul clinched bronze with a 4-0 victory over Germany’s Niklas Stechele. Earlier, he had defeated Kim Sung-gwon of the Republic of Korea 5-3 in the quarter-finals, before narrowly losing a hard-fought semi-final 7-6 to the USA’s Luke Joseph Lilledahl.

    Meanwhile, India’s Udit and Vicky suffered defeats in the repechage rounds of the 61kg and 97kg divisions, respectively. The Polyak Imre & Varga Janos Memorial in Budapest is the fourth and final wrestling Ranking Series tournament of the year.

    Ranking points earned at this event will help wrestlers secure better seedings for the World Wrestling Championships, scheduled to be held in Zagreb, Croatia, in September later this year.

    India fielded wrestlers in the men’s and women’s freestyle, as well as Greco-Roman, categories at the ongoing Budapest meet, which will conclude on Sunday.

    (ANI)

  • MIL-OSI Banking: Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility

    Source: Reserve Bank of India

    RBI/2025-26/68
    FIDD.CO.LBS.BC.No.14/02.08.001/2025-26

    July 18, 2025

    The Chairman / Managing Director & Chief Executive Officer
    Lead Banks Concerned

    Madam/ Dear Sir,

    Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility

    The Government of Arunachal Pradesh has notified formation of two new districts, viz., Keyi Panyor and Bichom in the state of Arunachal Pradesh vide Gazette Notification No. Law/Legn-5/2024 dated February 23, 2024. Accordingly, it has been decided to designate the Lead Banks of the new districts as below:

    Sr No Newly Created
    District
    Lead Bank Responsibility
    assigned to
    District Working Code allotted to new district
    1 Keyi Panyor State Bank of India 02S
    (to be reads as ‘numeral zero, numeral two and alphabet S’)
    2 Bichom State Bank of India 02T
    (to be read as ‘numeral zero, numeral two and alphabet T’)

    2. There is no change in the Lead Banks of the other districts in the state of Arunachal Pradesh.

    Yours faithfully,

    (Nisha Nambiar)
    Chief General Manager-in-Charge

    MIL OSI Global Banks

  • MIL-OSI China: China imports 7.4 trillion yuan of consumer goods in 2021-2024: Minister

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

    China imported consumer goods worth 7.4 trillion yuan (about 1.03 trillion U.S. dollars) between 2021 and 2024, the first four years of the 14th Five-Year Plan period (2021-2025), China’s Commerce Minister Wang Wentao told a press conference Friday.

    Citing figures of the World Trade Organization, he said goods imports by the Chinese mainland and China’s Hong Kong Special Administrative Region accounted for about 13.3 percent of global imports in 2024 — close to the United States’ 13.6 percent.

    China is thus the world’s second-largest import market, almost on par with the United States, as well as a major export destination for nearly 80 countries and regions, the minister said.

    To encourage more quality goods and services into the Chinese market, Wang said China has fostered international consumption center cities, established national demonstration zones for innovation and promotion of imports, and hosted major expos such as the China International Import Expo and the China International Consumer Products Expo.

    “China’s vast market has become a shared market for the world and will continue to serve as a key source of growth and vitality for the global economy,” he told the press.

    China has remained the world’s largest goods trader for eight consecutive years, with total goods trade reaching 6.16 trillion U.S. dollars in 2024, a 32.4 percent increase from 2020.

    Meanwhile, the share of China’s exports to the United States fell from 17.4 percent of its total exports in 2020 to 14.7 percent in 2024, according to Wang.

    “The production and supply chains supporting China’s foreign trade have become more complete, flexible and efficient, enhancing the country’s resilience and confidence in navigating risks and challenges,” he said.

    Noting that China has long run a services trade deficit, Wang pointed out that the United States has been China’s largest source of such deficit. Considering the fact that China is the largest contributor to the U.S. goods trade deficit, he said this reflects the complementary strengths between the two economies.

    Looking ahead to the upcoming 15th Five-Year Plan period (2026-2030), the minister said China will step up efforts to promote high-quality trade development with focus to be placed on both exports and imports, deepen international cooperation and enhance trade resilience. 

    MIL OSI China News