Category: Asia

  • MIL-OSI China: Asian films scaling up content building with AI assistance

    Source: China State Council Information Office 3

    The role of artificial intelligence (AI) and technology will continue to be vital in shaping the future of the Asian film and content sectors with experts urging industry leaders to embrace the change to stay on top of their game, a Hong Kong summit heard on March 18.

    In his welcome remarks at the Asia Content Business Summit (ACBS) Working Group Meeting, Wilfred Wong Ying-wai, chairman of the Hong Kong Film Development Council, said that AI is going to “speed up development” and “unite Asia” across multiple languages as content becomes accessible to a broader audience.

    Wong noted that in the past, content had to be dubbed, but now with the help of AI, subtitles have been made easily accessible on-demand.

    “Second, we have to look at how to distribute. The movie business is a streaming platform. (We) have to be one step ahead. Otherwise, we are just following trends,” said Wong, as he also encouraged current industry leaders to share their knowledge and “pass the sword to the next generation”.

    Fred Wang Cheung-yue, chairman of Hong Kong-based pan-Asia movie services group Salon Film, encouraged attendees to “take new ideas” on the use of technology and AI in movie production from the ACBS event, where speakers from Japan, Indonesia, Malaysia, Thailand and the Philippines also gave presentations on trends and initiatives in their respective countries.

    Dato Kamil Othman, chairman of the National Film Development Corporation Malaysia, said his organization had prioritized the training of film producers, with special attention paid to understanding legal issues such as copyright.

    Malaysia has no problems with sending films overseas and a new generation of successful movie professionals are emerging, he said. The main challenges they encounter are internal industry mechanisms, using AI and difficulties working on co-productions, he added.

    “Talent is already there. We just need a good proposition to move forward,” said Kamil, as he also urged the audience to “not be afraid of AI” as it “is not a trend, but a tool and humans are still part of it”.

    In Japan’s content industry, digitalization had also changed the content industry completely, according to Norihiko Saeki, director of the culture and creation industries division under Japan’s Ministry of Economy, Trade and Industry (METI).

    He said Japanese overseas content sales are set to achieve a market size of 20 trillion yen ($6.7 billion) by 2033, under the “New Cool Japan Strategy” adopted in 2024. METI set up 100 action plans this year in consultation with Japanese content industry leaders in order to hit that target, he added.

    He also said they have a “Shooting with Japan Program” agreement with China and Italy, which gives an incentive grant of 1 billion yen.

    Novie Riyadi, chief operating officer at Indonesian animation and post-production company Mocca Studio said Indonesia’s game industry has grown rapidly, driven by government support that helped firms there become “early adopters of AI”.

    He said there were 156 animation companies in Indonesia in 2020 and expects the number to have tripled by now. Among these companies’ successes has been the animated children’s show Baby Zu, he added, which was created to help parents with children who were slow learning to speak.

    In the Philippines, Liza Dino-Seguerra, executive director of the Quezon City Film Commission, said over 120 Filipino films were produced and released in 2023 — a notable rebound following the COVID-19 pandemic.  

    “Streaming has become the dominant force shaping how content is produced, distributed and consumed,” said Dino-Seguerra, who is also former chairperson of the Film Development Council of the Philippines.

    She said international collaborations are also on the rise because of producers’ constant participation in international events and markets, allowing Filipino stories to reach a global audience. Her organization is looking to partner with companies in the Middle East and North Africa region, and Latin America, she added.

    Sirisak Koshpasharin, vice chairman of Thailand’s National Federation of Motion Pictures and Contents Associations, said content streaming in Thailand is also a growing market.

    He put the spotlight on “movie tourism” as many films have been shot in Thailand, bringing with them tourists. Japan topped the list of countries where film producers came from to shoot in Thailand, he said, followed by India, the United States, the Republic of Korea and China. Upgraded government film incentives introduced in December last year, increasing a cash rebate on movie production from 20 percent to 30 percent, had also encouraged the industry, he added.

    “All the big players in the market come to Thailand, but the best spender is Hong Kong,” said Koshpasharin. Last year alone, 490 projects shot in Thailand, generating 6.5 billion Baht ($194 million). Two of the most notable movies filmed there include Jurassic World 4, and Alien: Earth.

    Fred Chong, group CEO of WebTVAsia and award-winning Malaysian musician, said AI “has a face now”, and is capable of taking on real celebrities. The digital human market, he said, is expected to reach $440 billion by 2031.

    When asked what steps his company has taken to fight scams, Chong said on the sidelines of the ACBS summit that content owners need to fight for their own content.

    “If you are not the content owner, you cannot stop illegal uploads. So, it’s the same thing with AI. We talk about deepfake, we talk about illegal use of the face of a famous person. The original owner of the face has to copyright their intellectual property,” said Chong.

    Later on Tuesday a signing ceremony was held for the joint launch of Zheng He’s Voyages to the West by parties from Malaysia, China including Hong Kong, and Saudi Arabia. Zheng, a Chinese explorer and admiral dated hundreds of years ago, is credited for leading the largest fleet in the world then on seven voyages of exploration from Asia to Africa.

    Saudi World of Sounds and Visions Company President Abdullah Al Muheisen, also a Saudi pioneering filmmaker and director, inked a deal with Fred Wang of Salon Films.

    MIL OSI China News

  • MIL-OSI Asia-Pac: President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis

    Source: Republic of China Taiwan

    Details
    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

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    2025-03-04
    President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response
    On the morning of March 4, President Lai Ching-te attended the opening ceremony of the Global Cooperation and Training Framework (GCTF) Workshop on Whole-of-Society Resilience Building, Preparation, and Response. In remarks, President Lai stated that global challenges such as extreme weather, pandemics, and energy crises continue to emerge, and growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, he said, and absolutely no single country can face them alone. The president said that as a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world, and that the GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. President Lai indicated that Taiwan will join the forces of the central and local governments to enhance social resilience across the board, enhance disaster response capabilities in the community, and leverage its strengths to make contributions to the international community. He said that we are demonstrating to the world our determination to create an even more resilient Taiwan, and expressed hope to advance mutual assistance and exchanges with all the countries involved, so that we can together promote stability and prosperity around the world. A transcript of President Lai’s remarks follows: To begin, I would like to welcome more than 60 distinguished guests from 30 countries, as well as experts from Taiwan. You are all here for this GCTF workshop to discuss whole-of-society resilience building, preparation, and response. As a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world. The GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. I want to thank our full GCTF partners, the United States, Japan, Australia, and Canada. Over the past several years, we have worked with even more countries through this framework and have expanded our exchanges into even more fields. Together, we have met all kinds of new challenges. I am confident that as our cooperation grows stronger, so will our ability to promote global progress. Each of today’s guests is contributing a vital force in that regard. I extend my sincere thanks to you all. Global challenges such as extreme weather, pandemics, and energy crises continue to emerge. And growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, and absolutely no single country can face them alone. Taiwan holds a key position on the first island chain, and stands at the very frontline of the defense of democracy. With this joint workshop, we are demonstrating to the world our determination to create an even more resilient Taiwan. We are also aiming to advance our mutual assistance and exchanges with all the countries involved, so that we can make our societies more resilient and together promote stability and prosperity around the world. Moving forward, we will continue advancing the following three initiatives: First, we will join the forces of the central and local governments to enhance social resilience across the board. Just last year, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office. Civilian force training, strategic material preparation, and critical infrastructure operation and maintenance are all key discussion areas for our committee. These aim to enhance Taiwan’s resilience in national defense, economic livelihoods, disaster prevention, and democracy. They are also items on the agenda for this GCTF workshop. To cover all the bases, Taiwan must unite and cooperate as a team. Last year, our committee held the very first cross-sector tabletop exercise at the Presidential Office which included central and local government officials as well as civilian observers. We aim to test the government’s emergency response capabilities in high-intensity gray-zone operations and near-conflict situations. We will continue to hold exercises to help the central and local governments work together more efficiently, and strengthen Taiwan’s overall disaster response capabilities. Second is to enhance disaster response capabilities in the community. We fully understand that to build whole-of-society resilience, we must help people increase risk awareness, know how to respond to disasters, and develop abilities to help themselves, help one another, and work together. We are grateful to the American Institute in Taiwan (AIT) for collaborating with the Taiwan Development Association for Disaster Medical Teams to host “Take Action” workshops around the country since 2021. A 2.0 version is already in practice, and continues to train the public in first aid skills. Director of the AIT Taipei Office Raymond Greene and I took part in a Take Action event in New Taipei City last year and personally saw the positive outcomes of the training. In addition to the Take Action workshops, the government is also providing Disaster Relief Volunteer training for ages 11 to 89, and is continuing to expand its target audience. We have also set up Taiwan Community Emergency Response Teams at key facilities nationwide, enhancing the ability of these important facilities to respond independently to disasters. Civilian training will continue to be refined and expanded so that members of the public can serve as important partners in government-led disaster prevention and relief. Third, we will leverage Taiwan’s strengths to make contributions to the international community. The inspiration for our Disaster Relief Volunteer training comes from a similar program run by The Nippon Care-Fit Education Institute in Japan. I am confident that through exchanges like this workshop, Taiwan and other countries can also inspire one another in many areas, and enhance whole-of-society resilience in multiple ways. Taiwan also excels in information and communications and advanced technology. We will set up even more robust cybersecurity systems, expand usage of emerging technologies, and improve the ways we maintain domestic security. We hope that by leveraging our capabilities and sharing our experiences, Taiwan can contribute even more to the international community. I want to welcome all our partners once again, and thank AIT for co-hosting this event. Let’s continue down the path of advancing global security and developing resilience together. Because together, we can travel farther, and we can travel longer. Also in attendance at the event were Japan-Taiwan Exchange Association Deputy Representative Takaba Yo, Australian Office in Taipei Representative Robert Fergusson, and Canadian Trade Office in Taipei Executive Director Jim Nickel.

    Details
    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Do eggs really make you constipated? A gut expert on what the evidence says

    Source: The Conversation (Au and NZ) – By Vincent Ho, Associate Professor and clinical academic gastroenterologist, Western Sydney University

    Popovo Bros/Shutterstock

    You might’ve heard too many eggs make you constipated. Influencers on Instagram claim it too. The United Kingdom has slang for it – being “egg bound”.

    Eggs were once blamed for raising blood cholesterol levels, which turned out to be false. Did we get it wrong about eggs and constipation too?

    Here’s what the mixed bag of evidence tells us.

    Starting with constipation

    Constipation means different things to different people, and there are many different types.

    Let’s focus on “functional constipation”, when people have hard, infrequent and often difficult-to-pass bowel movements. This constipation isn’t due to a physical blockage of the bowel or from disease.

    Functional constipation is very common. Globally, about one in ten adults (10.1%) and one in seven children (14.4%) have it at any one time.

    Is eating eggs to blame?

    Several studies link eating eggs with constipation, but not necessarily how you’d think.

    A 2002 study of 1,699 Japanese residents over 40 found Japanese women who ate eggs at least five times a week were less likely to be constipated. Eating eggs didn’t affect constipation rates in men. The researchers couldn’t explain the difference.

    A later study involved 3,770 female Japanese university students who filled in a questionnaire about what they’d eaten over the past month. A Western diet high in foods such as processed meats and eggs was linked to more constipation than a traditional Japanese diet (which has lots of rice but not much bread or confectionary).

    Another study looked at middle-aged adults in southern China who ate duck or chicken eggs as part of a Western diet. This was linked to a higher risk of constipation compared with the traditional southern Chinese diet, which has lots of refined grains, vegetables, fruits, pickled vegetables, fish and prawns.

    However, such dietary studies mostly rely on participants remembering what they ate. People also don’t always fill in dietary questionnaires truthfully, and tend to under-report eating unhealthy food and over-report eating healthy food. So dietary questionnaires aren’t always accurate.

    They also rarely look at a single food item (such as eggs) in isolation.

    Even if these studies mention eggs, the population studied can vary in age, gender and ethnicity. So the findings may not apply universally.

    How about other evidence?

    Laboratory based experiments looking at how egg proteins are digested in the bowel may offer some clues.

    When researchers fed constipated rats protein from egg yolk, their constipation improved. This could be due to an egg yolk protein called phosvitin. This retains water around itself in the colon (the large intestine) and makes the stool bulkier and easier to pass.

    We’re learning more about how the gut handles eggs.
    Christos Georghiou/Shutterstock

    How about humans? As far as I’m aware, no specific research involved feeding people eggs to see if this cured their constipation or made it worse. But we know a little about what happens in the gut when people eat eggs.

    Although eggs are quite a digestible food for humans, research shows even cooked egg proteins are not completely digested and absorbed in the small intestine.

    A small amount reaches the colon where it is linked to increased numbers of good bacteria, such as Bifidobacterium and Prevotella. There’s often more Prevotella, in particular, in people with looser stools.

    So some research supports the idea eating eggs improves constipation.

    What about eating lots of protein?

    Eggs are rich in protein. Could a diet with lots of protein cause constipation?

    No, protein itself is not to blame, according to research involving adults and children in the United States.

    That study found someone eating a diet low in carbohydrate was more likely to be constipated after eating extra protein (the equivalent of an extra two small eggs a day). That’s compared with someone eating a moderate amount of carbohydrate.

    Why the difference? The researchers said low carbohydrate intake could be linked to less Prevotella in their stools, potentially making the stools firmer.

    This makes sense. Fibre is a type of carbohydrate the body can’t readily digest. Low dietary fibre is linked to constipation.

    If we have adequate fibre in our diet then eat extra protein, this won’t worsen constipation. It may actually improve it.

    However, not eating enough fibre on a high-protein diet is very likely to increase the risk of constipation.

    Adding fibre to your high-protein diet could help.
    Daniil Demin/Shutterstock

    Kids with allergies

    There’s also a type of functional constipation associated with kids’ food allergies.

    A study from Greece tested children with chronic (long-term) constipation to see if they had food allergies.

    The children found to have food allergies ate a diet without these foods (including eggs) for eight weeks. Constipation improved in most of these children.

    How are food allergies in children and constipation related? A type of immune cell found in people with allergies – known as mast cells – can affect the bowels. These cells can contribute to bowel muscles not contracting well. Food is less able to move along, leading to constipation.

    So if all other causes of a child’s constipation have been ruled out, and they have a food allergy, their constipation may be allergy-related.

    However, it’s recommended to try healthy eating, with enough fluid and fibre first. If that doesn’t resolve the constipation, the child could try an elimination diet, under medical supervision.

    What are we to make of all this?

    Overall, there’s no firm evidence that eating more eggs leads to constipation.

    Provided you eat a diverse diet containing fibre along with your eggs there should be no increased risk of constipation.

    If chronic constipation doesn’t get better with extra fluids and fibre, talk to your doctor.

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

    ref. Do eggs really make you constipated? A gut expert on what the evidence says – https://theconversation.com/do-eggs-really-make-you-constipated-a-gut-expert-on-what-the-evidence-says-249370

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: SAIC Motor introduces premium EV lineup in Thailand

    Source: China State Council Information Office

    Workers work at the SAIC Motor-CP manufacturing plant in Chonburi, Thailand, Sept. 7, 2023. [Photo/Xinhua]

    Chinese automaker SAIC Motor introduced a premium electric vehicle (EV) lineup under its MG brand in Thailand on Tuesday in a move to deliver cutting-edge and customer-centric technologies in the Thai automotive market.

    The event highlighted the launch of the coupe electric SUV MG IM6, making the Southeast Asian country the first market to experience the right-hand-drive version of the model after its successful debut in China.

    Available in both premium and performance variants, the new MG IM6 is developed under the concept of “Intelligence in Motion,” featuring an intelligent driving experience, futuristic safety technology, and advanced electrification.

    Speaking at the launch event, Xu Yin, president of MG Sales (Thailand) and vice president of SAIC Motor-CP, said the company aims to set new standards for EVs in the Thai auto market and redefine the driving experience, as both objectives play essential roles in growth.

    Xu said MG seeks to collaborate with stakeholders in Thailand to elevate the nation’s fast-growing auto industry to the global stage while advancing sustainability by introducing customer-focused innovations and technologies.

    Since entering the Thai market in 2013, SAIC Motor-CP, a joint venture between Shanghai Automotive Industry Corporation (SAIC) and Charoen Pokphand Group (CP), has achieved accumulated sales of 220,000 units. The company has also shipped 32,000 units manufactured in Thailand across the region.

    MIL OSI China News

  • MIL-OSI China: Shanghai Fashion Week promises fusion of tradition, technology, creativity

    Source: China State Council Information Office 3

    As the AW 2025 Shanghai Fashion Week prepares to kick off on March 25, Chinese ethnic fashion brand EP Yaying is gearing up for the opening show.

    Established in 1988, EP Yaying will showcase a collection that draws inspiration from intangible cultural heritage, blending it with cutting-edge technology to narrate a Chinese fashion story.

    Zhang Huaming, chairman of EP Yaying Fashion Group, highlighted the brand’s dedication to exploring traditional Chinese attire and the diverse clothing cultures of various ethnic groups to fuel their creative endeavors. By carefully selecting materials such as Tibetan yak wool from the Tibetan Plateau and top-grade cashmere from Inner Mongolia’s Alashan Plateau, EP Yaying aims to bridge the gap between the East and West, sharing rare materials and profound ethnic cultural narratives from China with a global audience.

    The fashion week will also feature a collaboration by Disney China and 10 local brands on March 27 to present a themed show titled “Toy Story: 30 Years and Beyond”. The collaboration will feature nearly 200 pieces, including 64 fashion looks and nine jewelry designs, marking the first-ever fashion presentation inspired by Toy Story, the iconic computer-animated feature film that revolutionized the industry three decades ago.

    Alex Lin, vice-president of regional merchandising and product design at The Walt Disney Company, APAC, expressed enthusiasm about the collaboration, citing Disney’s longstanding relationship with Shanghai Fashion Week and the opportunity to celebrate Toy Story’s 30th anniversary on a global scale.

    Following the fashion extravaganza, sportswear giant Nike will close the AW 2025 Shanghai Fashion Week with the “Victory Lap” show on April 1, inspired by female athletes in track and field.

    Dong Tao, senior director of women’s marketing in Greater China at Nike, stressed the brand’s commitment to pushing the boundaries of sports fashion through innovative design and cross-industry collaborations, aiming to showcase a diverse expression of sportswear to a broader audience and industry professionals.

    Adding an olfactory dimension to the fashion spectacle, Notes Shanghai, a concurrent fragrance event, will provide a platform for in-depth exchanges and collaborations between the perfume industry and the fashion sector.

    Wu Yue, the founder of Notes Shanghai, emphasized the unique sensory experiences offered by fashion and perfume, noting that both play crucial roles in shaping personal style. The event will shine a spotlight on artistic niche commercial brands, featuring a balanced mix of domestic and international participants, further enriching the sensory tapestry of Shanghai Fashion Week.

    The 2025 MODE exhibition will also kick off at United Centre from March 25 to 29, attracting over 200 brands and enterprises, with overseas brands making up more than 50 percent.

    African luxury brands will debut collectively at the MODE for the first time, promoting the African brands to the local market while MIK Fashion will bring 12 Korean brands to showcase K-Fashion.

    M SPACE forum will discuss cutting-edge topics such as artificial intelligence technology, the dissemination of intangible cultural heritage of ethnic minorities, fragrance and fashion, and the dynamic aspects of Africa into the discourse for the first time.

    In the realm of sustainability, Ulio Sustainability Space creates a sustainable product exhibition, showcasing bio-based materials, wearable ceramics and recycled footwear.

    The Sustasia Fashion Prize, the first in Asia to focus on sustainable innovation, co-launched by the Shanghai Fashion Designs Association and the yehyehyeh Innovation Community, will host its final competition and awards ceremony during Fashion Week.

    MIL OSI China News

  • MIL-Evening Report: Flooding in the Sahara, Amazon tributaries drying and warming tipping over 1.5°C – 2024 broke all the wrong records

    Source: The Conversation (Au and NZ) – By Andrew King, Associate Professor in Climate Science, ARC Centre of Excellence for 21st Century Weather, The University of Melbourne

    Climate change is the most pressing problem humanity will face this century. Tracking how the climate is actually changing has never been more critical.

    Today, the World Meteorological Organization (WMO) published its annual State of the Climate report, which found heat records kept being broken in 2024. It’s likely 2024 was the first year to be more than 1.5°C above the Earth’s pre-industrial average temperature. In 2024, levels of greenhouse gases in the atmosphere hit the highest point in the last 800,000 years.

    The combination of heat and unchecked emissions, the organisation points out, had serious consequences. Attribution studies found a link between climate change and disasters such as Hurricane Helene, which left a trail of destruction in the southeastern United States, and the unprecedented flooding in Africa’s arid Sahel region.

    Slowing these increasingly dangerous changes to Earth’s climate will require a rapid shift from fossil fuels to clean energy.

    The record heat of 2024

    From the North Pole to the South Pole, the oceans and our land masses, the report catalogues alarm bells ringing ever louder for Earth’s vital signs.

    Steadily rising global average temperatures show us the influence of the extra heat we are trapping by emitting greenhouse gases. The ten warmest years on record have all happened in the past ten years.

    The report shows 2024 was the warmest year since comprehensive global records began 175 years ago. The planet was an estimated 1.55°C (plus or minus 0.13°C) warmer than it was between 1850 and 1900.

    Together, 2023 and 2024 marked a jump in global mean temperature from previous years. There was a jump of about 0.15°C between the previous record year (2016 or 2020 depending on the dataset) and 2023. Last year was even warmer – about 0.1°C above 2023.

    Last year was the first year the planet was likely more than 1.5°C above pre-industrial levels. This doesn’t mean we have broken the 2015 Paris Agreement goal of holding warming under 1.5°C – temperatures would need to be sustained over a number of years to formally lose that fight. But it’s not good news.

    There are a few extra factors at play in this record-breaking global temperature, including an El Niño event boosting eastern Pacific Ocean temperatures in the first part of 2024, falling pollution from shipping leading to less cloud over the ocean, and a more active sun as well.

    Researchers are hard at work unpicking why the Earth’s average temperature jumped in 2023 and 2024. But it is clear the 2024 record-breaking warmth and most other damning statistics in the report would not have occurred if it wasn’t for human-induced climate change.

    Much of the Northern Hemisphere was more than 2°C warmer in 2024 than 1951-1980 levels and many equatorial areas saw new annual temperature records.
    NASA GISS, CC BY-NC-ND

    Carbon dioxide up, glacial melt up, sea ice down

    It’s not just global temperatures breaking records.

    Carbon dioxide concentrations in the atmosphere reached 427 parts per million last year. Sea level rise has accelerated and is now about 11 centimetres above early 1990s levels, and the oceans are at their highest temperatures on record.

    Seasonal sea-ice in the Arctic and around Antarctica shrank to low levels (albeit short of record lows) in 2024, while preliminary data shows glacial melt and ocean acidification continued at a rapid pace.

    Almost all parts of the world were much warmer in 2024 than even recent averages (1991–2020) and much of the tropics experienced record heat.

    From cyclones to heatwaves, another year of extreme events

    In the English-speaking media, extreme events affecting North America, Europe and Australia are well covered, such as the devastating Hurricane Helene in the US and the lethal flash flooding in Spain.

    By contrast, extreme weather and its fallout in Africa, South America and Southeast Asia get less coverage.

    In September 2024, Super Typhoon Yagi killed hundreds and caused widespread damage through the Philippines, China and Vietnam. Later in the year, Cyclone Chido struck Mayotte and Mozambique causing more than 100,000 people to be displaced. Hundreds died in Afghanistan, Iran and Pakistan due to spring floods following an unusual cold wave.

    Unusual flooding hit parts of the arid Sahel and even the Sahara Desert. Meanwhile the worst drought in a century hit southern Africa, devastating small farmers and leading to rising hunger.

    Much of South and Central America was hit by significant drought. Huge tributaries to the Amazon River all but dried up for the first time on record. Severe summer heat hit much of the Northern Hemisphere, while more than 1,300 pilgrims died during the Hajj pilgrimage in Mecca as heat and humidity pushed past survivable limits.

    Globally, extreme weather forced more people from their homes than any other year since 2008, which had widespread floods and fires.

    Did climate change play a role in these extreme events? The answer ranges from a resounding yes in some cases to a likely small role in others.

    Scientists at World Weather Attribution found the fingerprints of climate change in Hurricane Helene’s large-scale rain and winds as well as the flooding rains in the eastern Sahel.

    Paying the price for decades of inaction

    This report is a dire score card. The numbers are sobering, scary but sadly, not surprising.

    We have known the basic mechanism by which greenhouse gases warm the planet for over 100 years. The science behind climate change has been around a long time.

    But our response is still not up to the task.

    Currently, our activities are producing ever more greenhouse gas emissions, trapping more heat and causing more and more problems for people and the planet. Every fraction of a degree of global warming matters. The damage done will keep worsening until we end our reliance on fossil fuels and reach net zero.

    Andrew King receives funding from the ARC Centre of Excellence for 21st Century Weather and the National Environmental Science Program.

    Linden Ashcroft has received funding from the Australian Research Council and is affiliated with the ARC Centre of Excellence for 21st Century Weather

    ref. Flooding in the Sahara, Amazon tributaries drying and warming tipping over 1.5°C – 2024 broke all the wrong records – https://theconversation.com/flooding-in-the-sahara-amazon-tributaries-drying-and-warming-tipping-over-1-5-c-2024-broke-all-the-wrong-records-252490

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: Over 10 Years of Fujisawa Sustainable Smart Town: Opening Up New Possibilities Towards the Future

    Source: Panasonic

    Headline: Over 10 Years of Fujisawa Sustainable Smart Town: Opening Up New Possibilities Towards the Future

    For more than a decade, since its grand opening in 2014, Fujisawa Sustainable Smart Town (Fujisawa SST) has embodied a bold vision for life-centered, eco-conscious modern living. Presently some 2,000 people live in 566 smart town dwellings.
    Designed as a model for the cities of the future, it integrates sustainability, resilience, and well-being into every aspect of daily life. By combining smart technologies, renewable energy, and community-driven initiatives, Fujisawa SST creates an efficient resident-focused environment that sets a new standard for sustainable residential development.
    At the heart of Fujisawa SST is co-creation, where stakeholders actively shape the town’s evolution. From advanced mobility systems and sustainable solutions to wellness infrastructure, the town continuously refines how cutting-edge technology supports community values. This dynamic approach has made Fujisawa SST a real-world testing ground for future urban solutions, allowing it to scale innovations that enhance residents’ lives and serve as a blueprint for cities worldwide.

    A Demonstration of Smart City Excellence

    Since its opening, Fujisawa SST has successfully achieved its initial goals, fostering an expanding ecosystem of co-creation initiatives. The town has met its original environmental targets by reducing CO2 emissions by 70% (compared to 1990 levels) and household water consumption by 30% (compared to the 2006 standard of household equipment), while also achieving a renewable energy utilization rate of over 30% as part of its energy goals. Additionally, as part of its safety and security objectives, it has secured lifeline infrastructure for three days in case of emergencies.
    Co-creation activities such as community building and business incubation have also expanded, with over 100 demonstration experiments and marketing initiatives, including mobility solutions, and 10 successful business ventures emerging from the project.
    As a result, Fujisawa SST has earned high recognition as one of Japan’s leading real-world smart towns. It has received numerous domestic and international awards, and to date, has welcomed more than 41,000 visitors from 60 countries on study tours.
    “From the very beginning, our approach wasn’t just about closing down a former factory site—it was about creating a new town and finding a fresh way to contribute to the local community,” explains Fujisawa SST Project Leader, Harumi Tanaka, Manager of Smart City Group, Business Solutions Division, Panasonic Operational Excellence Co., Ltd. “By incorporating environmental initiatives and cutting-edge technology demonstrations, we’ve attracted visitors not only from across Japan but from around the world. It’s exciting to see our vision for a sustainable and innovative town being recognized and appreciated.”

    Expanding Renewable Energy and Circular Living

    As Fujisawa SST enters its next phase of development, environmental sustainability remains a top priority. By 2034, the town aims to reduce CO2 emissions by 50% compared to 2020 levels, with over 60% of its renewable energy self-consumption rate striving towards the goal of producing and consuming energy at home. To achieve this, the town is continuously evolving its energy infrastructure, enhancing solar power networks, and adopting next-generation energy storage technologies and energy saving solutions.
    One promising initiative in this transition is the deployment of Glass-based Perovskite Photovoltaic, which tested in a model home up to March of 2025. This next-generation photovoltaic offers not only high efficiency, but also flexibility in size, transmittance, and design, allowing for customization according to specific requirements, enabling power generation in places where conventional solar cells cannot be installed and making them ideal for urban environments. This so-called “energy-generating glass” aims to harmonize urban aesthetics with renewable energy generation, contributing to CO2 reduction and power resilience. By advancing such original technologies, Panasonic seeks to expand practical applications and drive the future of sustainable cityscapes.
    Another pillar of the town’s sustainability vision is the Circular Town Project, which focuses on optimizing resource use and minimizing waste. Its goal is to analyze material flows within the community and identify ways to improve recycling efficiency and reduce raw materials consumption. For example, excess renewable energy generated by homes can be shared with town facilities, ensuring a balanced and consistent supply. Additionally, local businesses and residents can actively participate in reuse initiatives, fostering a circular economy that prioritizes sustainability.
    Meanwhile, all single-family homes are equipped with a Home Energy Management System (HEMS), ensuring power and hot water supply through solar power and ENE-FARM (energy farming) systems in emergencies. Energy usage data collected via integrated HEMS in detached homes will not only help visualize the town’s environmental goals but also allow analysis of data tied to household demographics. This data-driven approach enables Fujisawa SST to evolve dynamically, ensuring a smarter, more resilient urban environment tailored to the needs of its residents.

    Innovations in Disaster Resilience

    Fujisawa SST was designed with resilience at its core, integrating advanced infrastructure and smart technologies to ensure stability in emergencies. The town’s disaster-resistant features include underground power and communication lines, earthquake-resistant gas pipelines, and decentralized energy systems that maintain reliable operations even during crises. Buildings incorporate passive design elements that enhance structural integrity while optimizing energy efficiency.
    To further strengthen preparedness, Fujisawa SST looks ahead to leveraging digital twin simulations to enhance disaster response strategies. Such real-time virtual models can allow authorities to simulate emergency scenarios, optimize evacuation plans, and improve coordination. Additionally, interactive drills and training sessions will ensure the community stays well-prepared and ready to respond effectively in times of crisis.
    Energy security is a key pillar of the town’s resilience strategy. The expansion of emergency energy storage solutions, including community power banks that store excess solar energy, will ensure a stable power supply during outages. AI-equipped drones will also be deployed for continuous risk management, monitoring environmental conditions, and optimizing crisis management efforts.
    In the event of a disaster, Fujisawa SST is designed to remain self-sufficient. The town will sustain three days of uninterrupted essential services and maintain a seven-day stockpile of food and water, ensuring the well-being of its residents. By prioritizing self-sufficiency and proactive crisis management, Fujisawa SST sets a new standard for disaster-resilient smart cities.

    Blending Smart Mobility with Community Well-Being

    Fujisawa SST is dedicated to enhancing residents’ well-being by integrating smart solutions that promote health, community engagement, and sustainable mobility under the theme, “fostering life skills from ages 0 to 100 and beyond.” The Park Wellstate Shonan senior residence features AI-assisted healthcare monitoring to assist a resident’s daily routines while ensuring safety and independence. Complementing this, the Wellness Square serves as a multi-functional hub, combining serviced housing for seniors with pharmacy, nursery, and cram school, creating an intergenerational space that fosters health, welfare, and lifelong learning.
    Active lifestyles and recreation also play a vital role in Fujisawa SST’s vision. The Mizuno Sports Plaza offers interactive wellness programs and community sports initiatives, encouraging residents of all ages to stay active while building social connections.
    Beyond physical health, social and cultural engagement are central to the town’s identity. Fujisawa SST hosts regular workshops, arts and culture festivals, and technology showcases, bringing together residents and external collaborators. Programs like the Fujisawa Town Parent Project empower locals to organize events that welcome neighboring communities and deepen their connection to the town.  
    The town is also reshaping urban mobility to make daily life more convenient and sustainable. Electric vehicle-sharing services, AI-powered route optimization, and pedestrian-friendly urban design are reducing congestion and improving accessibility, while also participating in Japan’s first demonstration experiment of simultaneous operation of 10 remotely operated small vehicles in multiple areas as an operation center and driving implementation site. Looking ahead, Fujisawa SST plans to pilot low-speed electric transport for short distances and drone-assisted delivery services, further enhancing urban mobility.     
    By integrating smart health services, active lifestyle programs, cultural initiatives, and sustainable transportation, Fujisawa SST continues to set new standards for community well-being in the cities of tomorrow.

    Expanding the Smart City Vision Beyond Borders

    As Fujisawa SST celebrates its 10th anniversary, it stands as a global model for sustainable city planning. Over the past decade, the town has demonstrated how smart technologies, community-driven initiatives, and resilient infrastructure can create a thriving, future-ready urban environment.
    With ambitious targets for carbon neutrality, disaster preparedness, and enhanced well-being, Fujisawa SST continues to push the boundaries of what a smart city can achieve.
    Looking ahead, the next phase of Fujisawa SST’s evolution will focus on scaling its innovative urban solutions beyond its current boundaries. By refining its smart city model and collaborating with new partners, the town aims to establish a replicable framework for sustainable urban development that can inspire communities worldwide.
    “With the opening of a residence for active seniors and a sports facility on October 1, 2024, we have completed the first chapter of Fujisawa SST’s development,” says Harumi Tanaka. “Now, as we enter the second chapter, we have restructured into the Fujisawa SST Consortium, welcoming new companies and organizations to further drive innovation.” 
    Beyond physical development, Tanaka’s group is focusing on enhancing the community experience by integrating new perspectives such as resource circulation and well-being. “With Environment, Safety and Security, and Health and Connection as our core themes, we are evolving our town services—including energy, security, mobility, wellness, and community—to expand and enrich Fujisawa SST for the future.”

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    MIL OSI Economics

  • MIL-OSI Banking: Just Transition Socioeconomic Impact Assessment for Georgia

    Source: Asia Development Bank

    It looks at Georgia’s climate commitments and narrows in on plans to build renewable energy power plants, implement energy efficiency reforms for new buildings, and overhaul intercity bus networks to reduce emissions. It weighs potential negative impacts such as higher costs for vulnerable groups against opportunities for job creation and improved services, and outlines ways Georgia can ensure its green transition is inclusive and sustainable.

    MIL OSI Global Banks

  • MIL-OSI Submissions: Crypto Announcements – DDC Announces Strategy to Create Bitcoin Reserves and Appoints Crypto Asset Expert Alex Yang as Strategic Advisor

    Source: DDC Enterprise, Ltd.

    Bitcoin reserve to be established with up to 100 BTC injection and premium-priced placement of DDC Class A Ordinary shares at $0.50 to $1.25 per share

    NEW YORK – DDC Enterprise, Ltd. (NYSEAM: DDC), (“DayDayCook,” “DDC,” or the “Company”), a leading multi-brand Asian consumer food company, today announced a transformative initiative to adopt Bitcoin as part of its treasury reserves, alongside an announcement that brings seasoned Web3 and Crypto Assets Management Expert Alex Yang to DDC as Strategic Advisor. An investor group will inject up to 100 BTC in exchange for DDC Class A Ordinary shares at a range of $0.50 to $1.25 per share, representing a 100% to 400% premium to recent trading levels.

    Strategic Alignment with Institutional Confidence

    “This partnership is a testament to the shared conviction in DDC’s future and the value of Bitcoin and potentially other crypto currencies as a strategic asset,” said Ms. Norma Chu, Chairwoman and CEO of DDC Enterprise. “This strategic decision to launch a bitcoin reserve not only diversifies our balance sheet but also secures a premium-priced equity agreement that reflects our partner’s belief in our long-term growth. This move is the first of many that we will be making to integrate Web3 innovations to the DDC consumer community. Our next step is for the parties to enter into definitive agreements and then complete the initial Bitcoin purchase in the next 30 days.”

    Key Terms of the Planned Arrangement

    100 BTC Injection: Over the course of approximately 3 months, an investor group will contribute 100 BTC (valued at approximately $8,000,000 to $8,500,000 based on current prices) to DDC’s treasury reserves.
    Equity Issuance: DDC will issue shares to the investor group at a tiered premium pricing model starting at $0.50 per share to $1.25 per share every 4-6 weeks starting with an injection of the first 25 BTC at the initial closing
    Long-Term Commitment: Shares issued to the group will be subject to a minimum of 180-day lock up and performance milestones, underscoring the partner’s commitment to DDC’s long-term success.

    Strategic Rationale

    Balance Sheet Diversification: 100 BTC adds exposure to Bitcoin’s long-term upside potential.
    Premium Equity Pricing: The tiered share issuance model rewards DDC’s growth trajectory while protecting existing shareholders from dilution at undervalued levels.
    Institutional Validation: This new investor group’s participation signals confidence in DDC’s leadership and crypto-forward strategy.

    Industry Veteran Joins DDC as Strategic Advisor

    Mr. Alex Yang is a well respected veteran in the crypto and digital assets space. He is the CEO of Volmart, a market maker that cross trades among TradFi and digital assets on CME, Eurex, Bursa, and TFEX. Prior to Volmart, Mr. Yang was the CEO of Virtual Economy Tech Limited, a Blockchain service provider for CMI and CGSE. Mr. Yang is the vice chairman of Chinese Financial Association of Hong Kong, and Deputy Director of Innovation Center of Data Science, SUSTech. He is also a member of the Aspen Global Leadership Network.

    ABOUT DAYDAYCOOK

    DayDayCook is on a mission to share the joy of Asian cooking culture with the world, offering a suite of accessible and healthy ready-to-eat, ready-to-cook, and ready-to-heat products that cater to the global palate. DayDayCook has evolved from a culinary content authority to a multi-brand powerhouse, curating a broad range of products that champion authenticity, nutrition, and convenience. The company’s growing portfolio includes DayDayCook, Nona Lim, Yai’s Thai, Omsom, MengWei, and Yujia Weng.

    Follow the Company on LinkedIn.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements, including, for example, statements about completing definitive agreements with the Bitcoin investor and closing on the acquisitions of Bitcoin, NYSE and SEC compliance, estimated revenue, margins, cash and growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    MIL OSI – Submitted News

  • MIL-OSI China: Alliance launched to boost HK’s industrial development

    Source: China State Council Information Office 2

    The Hong Kong Special Administrative Region (HKSAR) on Tuesday inaugurated an alliance aimed at gathering talents and resources from various sectors to create a conducive environment for the quality development of the city’s innovation and technology industry.
    The launch of the Hong Kong New Industrialization Development Alliance marked a significant milestone in the city’s journey towards high-quality development.
    Speaking at the launch ceremony, Sun Dong, secretary for innovation, technology and industry of the HKSAR government, emphasized that Hong Kong is at a critical juncture in its economic transformation, and promoting new industrial development is vital for the city’s future growth.
    He described the establishment of the alliance as another significant milestone in Hong Kong’s industrial evolution, hoping that the alliance will facilitate close collaboration among various stakeholders in the innovation and technology sector, including providing financing opportunities and fostering partnerships between newly listed companies and local universities to advance comprehensive industrialization in Hong Kong, ensuring seamless integration of the innovation chain and industrial chain.
    In his 2024 Policy Address, HKSAR Chief Executive John Lee pledged to press ahead with the establishment of the Hong Kong New Industrialization Development Alliance to promote closer collaboration among the government and the industry, academia, research and investment sectors, building a cooperative platform for new industrialization in Hong Kong.

    MIL OSI China News

  • MIL-OSI China: HK to hold 8th LegCo elections on Dec. 7

    Source: China State Council Information Office 2

    Elections for Hong Kong’s eighth-term Legislative Council will take place on Dec. 7 to pick 90 members, John Lee, chief executive of the Hong Kong Special Administrative Region (HKSAR), announced on Tuesday.
    Prior to the polls, a by-election for the Election Committee subsectors will take place on Sept. 7 to fill 90 vacancies in the 1,500-strong committee.
    Speaking before a weekly Executive Council meeting, Lee said the Election Committee should consist of 1,500 members, including 967 who are elected, and other nominated and ex-officio members.
    Before the LegCo polls, there’s a need to fill 90 seats among the 967 elected members, enabling them to participate in the nominations and voting for the LegCo elections within the Election Committee subsectors.
    Details regarding the nomination period and specific arrangements for the two elections will be announced later this year.
    Lee underscored the importance of ensuring the smooth execution of these two significant elections.
    He has instructed the Constitutional and Mainland Affairs Bureau to prepare thoroughly and work closely with the Electoral Affairs Commission on various aspects, including public outreach, recruitment and training of personnel, polling arrangements, data systems, and security measures.
    The goal is to conduct the eighth Legislative Council election in a fair, just, clean, honest, secure, orderly and efficient manner, selecting a new cohort of patriotic, capable and responsible legislators who are committed to serving the people of Hong Kong and the nation, Lee said.

    MIL OSI China News

  • MIL-OSI China: Stranded NASA astronauts return to Earth from space

    Source: China State Council Information Office

    NASA astronauts Suni Williams and Butch Wilmore, who had been stranded at the International Space Station (ISS) since last June, returned to Earth Tuesday afternoon.

    The duo astronauts returned home with their fellow Crew-9 astronauts, NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov, on SpaceX’s Dragon spacecraft.

    The spacecraft splashed down off Florida’s coast at 5:57 p.m. Tuesday Eastern Time (2157 GMT), according to NASA live broadcast.

    The crew undocked with the ISS early on Tuesday to start an about 17-hour journey home. The spacecraft completed multiple orbit-lowering maneuvers, and re-entered Earth’s atmosphere before a parachute-supported splashdown off Florida’s coast.

    A recovery ship moved into position to hoist Dragon onto the main deck with the Crew-9 crew members inside, and teams on the ship secured Dragon to ensure the spacecraft’s safe recovery.

    After the hatch was opened, the four astronauts egressed the capsule one by one with the help of medical personnel. Medical teams will evaluate the crew’s health, which is routine after astronauts return from space, according to NASA.

    The crew splashed down one day earlier than NASA had targeted due to favorable conditions forecast for the evening of Tuesday, according to the space agency, which expressed concerns about weather conditions later in the week.

    Williams and Wilmore had been stuck in space since last June due to technical problems of Boeing’s Starliner which took them to the ISS, including helium leaks and propulsion issues. The duo astronauts were initially scheduled for an eight-day mission in space, but were stranded at the ISS for over nine months.

    The Crew-9 astronauts returned home following the arrival of new mission Crew-10 astronauts at the ISS, including NASA astronauts Anne McClain and Nichole Ayers, Japan Aerospace Exploration Agency astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov.

    NASA said Crew-9 astronauts have completed more than 900 hours of research between more than 150 unique scientific experiments and technology demonstrations during their stay aboard the orbiting laboratory. 

    MIL OSI China News

  • MIL-OSI Security: ‘Pacific Medics’ lead joint, combined medical evacuation exercise during Eighth Army’s Freedom Lift

    Source: United States INDO PACIFIC COMMAND

    The 65th Medical Brigade’s Pacific Medics spearheaded teams from across Korea and successfully conducted Eighth Army’s Freedom Lift 25-1, a large-scale medical evacuation training exercise across multiple locations in the Republic of Korea. This historic exercise integrated the 65th Medical Brigade, allies and joint partners at an unprecedented scale.

    MIL Security OSI

  • MIL-Evening Report: Hipkins accuses PM of undermining NZ’s nuclear-free stance in India memo

    RNZ News

    New Zealand opposition Labour leader Chris Hipkins is accusing the prime minister of reversing a long-held foreign policy during his current trip to India to help secure a free trade agreement between the two countries.

    “It seems our foreign policy is up for grabs at the moment,” he said, citing Prime Minister Christopher Luxon’s seeming endorsement of India’s bid to join the Nuclear Suppliers Group despite New Zealand’s previous long-standing objection.

    “I think these are bad moves for New Zealand. We should continue to be independent and principled in our foreign policy.”

    Hipkins was commenting to RNZ Morning Report on a section of the joint statement issued after Luxon met with India’s Prime Minister Narendra Modi on Monday.

    It included a reference to India’s hopes of joining the Nuclear Suppliers Group.

    NZ Prime Minister Christopher Luxon and Indian PM Narendra Modi at the Sikh temple Gurdwara Rakab Ganj Sahib . . . “both acknowledged the value of India joining the Nuclear Suppliers Group (NSG).” Image: RNZ

    “Both leaders acknowledged the importance of upholding the global nuclear disarmament and non-proliferation regime and acknowledged the value of India joining the Nuclear Suppliers Group (NSG) in context of predictability for India’s clean energy goals and its non-proliferation credentials,” the statement said, as reported by StratNews Global.

    The NSG was set up in 1974 as the US response to India’s “peaceful nuclear test” that year. Comprising 48 countries, the aim was to ensure that nuclear trade for peaceful purposes does not contribute to the proliferation of atomic weapons, the report said.

    India is not a signatory of the Nuclear Non-Proliferation Treaty which is one of the pre-requisites of joining the NSG.

    NZ objected to India
    In the past New Zealand has objected to India joining the NSG because of concern access to those nuclear materials could be used for nuclear weapons.

    “So it’s a principled stance New Zealand has taken. Christopher Luxon signed that away yesterday,” Hipkins said.

    “He basically signed a memo that basically said that we supported India joining the Nuclear Suppliers Group despite the fact that India has consistently refused to sign the Non-Proliferation Treaty.”

    It was “a reversal” of previous policy, Hipkins said, and undermined New Zealand’s nuclear-free stance.

    But a spokesperson for Foreign Minister Winston Peters denied there had been a change.

    “New Zealand’s position on the Nuclear Suppliers Group has not changed, contrary to what Mr Hipkins claims. The joint statements released by the New Zealand and Indian Prime Ministers in 2016 and 2025 make that abundantly clear,” he said.

    “If Mr Hipkins or his predecessor Jacinda Ardern had travelled to India during their six years as Prime Minister, the Labour Party might understand this issue and the New Zealand-India relationship a bit better.”

    Opposed to ‘selling out’
    Peters was also Foreign Minister during the first three years of the Ardern government.

    On a possible free trade deal with India, Hipkins said he did not want to see it achieved at the expense of “selling out large parts of New Zealand’s economy and potentially New Zealand’s principled foreign policy stance” which would not be good for this country.

    “The endorsement of India joining the Nuclear Suppliers Group is a real departure.”

    Comment has been requested from the Prime Minister’s office.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Senator Murray Leads Colleagues in Reintroducing Legislation to Prevent the Shackling and Mistreatment of Pregnant Women in ICE and CBP Custody

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Legislation would provide permanent safeguards for pregnant and postpartum women in ICE and CBP custody; Rep. Garcia to introduce companion legislation in the House

    Washington, D.C. – U.S. Senator Patty Murray (D-WA), a senior member and former chair of the Senate Committee on Health, Education, Labor, and Pensions (HELP) led 22 senators last week in reintroducing her Stop Shackling and Detaining Pregnant Women Act. The legislation will protect the health and safety of pregnant, postpartum, and lactating women in immigration detention by establishing a presumption of release, prohibiting any agency under the U.S. Department of Homeland Security from shackling pregnant women in its custody—including those in the custody of Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP)—and setting new standards of care and transparency for the treatment of pregnant women and youth. Congresswoman Sylvia R. Garcia (D, TX-29) will soon be reintroducing companion legislation in the House.

    “Shackling pregnant women in immigration custody is not only unnecessary, it is dangerous and traumatic for women and their pregnanciesand there is simply no justifiable reason for this barbaric practice,” said Senator Murray. “At a time that we have a president whose approach to immigration appears to be cruelty for cruelty’s sake, it is more important than ever that we act to ensure all pregnant women in custody are treated humanely and with respect. I will continue to fight against the gross mistreatment of pregnant women in immigration detention and am proud to join my friend Rep. Garcia in reintroducing this important legislation.”

    The mistreatment of pregnant women in ICE detention has been well-documented—and without basic protections, pregnant women in ICE detention are at higher risk of miscarriage, stillbirth, and other pregnancy-related health complications. A Government Accountability Office study published in 2020 found that between 2016 and 2018, ICE detained pregnant women over 4,600 times. As Congress increased its oversight of the detention of pregnant, postpartum, and nursing women that number has dropped to just 158 pregnant, postpartum, and nursing women detained in the first half of Fiscal Year 2024.

    The Stop Shackling and Detaining Pregnant Women Act is supported by: The American Civil Liberties Union, American College of Obstetricians and Gynecologists, Center for Reproductive Rights, Church World Service, Families USA, In Our Own Voice: National Black Women’s Reproductive Justice Agenda, MomsRising, National Asian Pacific American Women’s Forum, National Council of Jewish Women, National Immigrant Justice Center, National Latina Institute for Reproductive Justice, National Women’s Law Center, Reproductive Freedom for All, and Planned Parenthood Federation of America.

    In the Senate, the legislation is cosponsored by U.S. Senators Richard Blumenthal (D-CT), Cory Booker (D-NJ), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), Tammy Duckworth (D-IL), Dick Durbin (D-IL), John Fetterman (D-PA), Kirsten Gillibrand (D-NY), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Andy Kim (D-NJ), Amy Klobuchar (D-MN), Ed Markey (D-MA), Alex Padilla (D-CA), Jack Reed (D-RI), Bernie Sanders (I-VT), Adam Schiff (D-CA), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), Peter Welch (D-VT), and Ron Wyden (D-OR).

    A one-pager on the legislation is HERE.

    The full text of the legislation is HERE.

    MIL OSI USA News

  • MIL-OSI Banking: Panasonic in Numbers: Small and Remote-Controllable Mobilities

    Source: Panasonic

    Headline: Panasonic in Numbers: Small and Remote-Controllable Mobilities

    Panasonic Holdings Corporation has become the first in Japan* to be granted approval for the simultaneous operation by a single operator of 10 small and remote-controllable mobilities on public roads.
    The mobilities, known as “HAKOBO,” integrate automatic delivery robots with a remotely operated system and are designed for use in last-mile delivery, mobile vending, information dissemination, and other business scenarios. HAKOBO were operated in three regions (Fujisawa City, Kanagawa Prefecture; Kadoma City, Osaka Prefecture; and Saga City, Saga Prefecture) during a demonstration experiment. Panasonic has developed an AI function that significantly reduces operator workloads, making it possible for each operator to manage up to 10 robots simultaneously.
    Panasonic Group is committed to providing new services that enhance convenience in people’s lives, address labor shortages, and improve working conditions.

    * Research conducted by Panasonic as of January 23, 2025

    MIL OSI Global Banks

  • MIL-OSI United Nations: Press Release 19 March 2025 WMO report documents spiralling weather and climate impacts

    Source: World Meteorological Organization

    “Our planet is issuing more distress signals — but this report shows that limiting long-term global temperature rise to 1.5 degrees Celsius is still possible. Leaders must step up to make it happen — seizing the benefits of cheap, clean renewables for their people and economies – – with new National climate plans due this year, ” said United Nations Secretary-General António Guterres.

    “While a single year above 1.5 °C of warming does not indicate that the long-term temperature goals of the Paris Agreement are out of reach, it is a wake-up call that we are increasing the risks to our lives, economies and to the planet,” said WMO Secretary-General Celeste Saulo.

    The report said that long-term global warming is currently estimated to be between 1.34 and 1.41 °C compared to the 1850-1900 baseline based on a range of methods – although it noted the uncertainty ranges in global temperature statistics.

    A WMO team of international experts is examining this further in order to ensure consistent, reliable tracking of long-term global temperature changes to be aligned with the Intergovernmental Panel on Climate Change (IPCC).

    Regardless of the methodology used, every fraction of a degree of warming matters and increases risks and costs to society.

    The record global temperatures seen in 2023 and broken in 2024 were mainly due to the ongoing rise in greenhouse gas emissions, coupled with a shift from a cooling La Niña to warming El Niño event. Several other factors may have contributed to the unexpectedly unusual temperature jumps, including changes in the solar cycle, a massive volcanic eruption and a decrease in cooling aerosols, according to the report.

    Temperatures are just a small part of a much bigger picture.

    “Data for 2024 show that our oceans continued to warm, and sea levels continued to rise. The frozen parts of Earth’s surface, known as the cryosphere, are melting at an alarming rate: glaciers continue to retreat, and Antarctic sea ice reached its second-lowest extent ever recorded. Meanwhile, extreme weather continues to have devastating consequences around the world,” said Celeste Saulo.

    Tropical cyclones, floods, droughts, and other hazards in 2024 led to the highest number of new displacements recorded for the past 16 years, contributed to worsening food crises, and caused massive economic losses.

    “In response, WMO and the global community are intensifying efforts to strengthen early warning systems and climate services to help decision-makers and society at large be more resilient to extreme weather and climate. We are making progress but need to go further and need to go faster. Only half of all countries worldwide have adequate early warning systems. This must change,” said Celeste Saulo.

    Investment in weather, water and climate services is more important than ever to meet the challenges and build safer, more resilient communities, she stressed.

    The report is based on scientific contributions from National Meteorological and Hydrological Services, WMO Regional Climate Centres, UN partners and dozens of experts. It includes sidebars on monitoring global temperature for the Paris Agreement and understanding the temperature anomalies in 2023 and 2024. It includes supplements on climate services and on extreme weather.

    It is one of a suite of WMO scientific reports which seek to inform decision-making. It was published ahead of World Meteorological Day on 23 March, World Water Day on 22 March and World Glaciers Day on 21 March.

    Three methods for establishing an up-to-date estimate of current global warming as of 2024, compared with the IPCC AR6 method, which uses averages over the previous 10 years and is representative of warming to 2019. The best estimate resulting from each method is shown as a dark vertical line, and the uncertainty range is shown by the shaded area.

    Key Indicators

    Atmospheric Carbon Dioxide

    Atmospheric concentration of carbon dioxide, as well as methane and nitrous oxide, are at the highest levels in the last 800,000 years.

    Carbon dioxide concentrations in 2023 (the last year for which consolidated global annual figures are available) were 420.0 ± 0.1 parts per million (ppm), 2.3 ppm more than 2022 and 151% of the pre-industrial level (in 1750). 420 ppm corresponds to 3,276 Gt  – or 3.276 trillion tonnes of CO₂ in the atmosphere.

    Real-time data from specific locations show that levels of these three main greenhouse gases continued to increase in 2024. Carbon dioxide remains in the atmosphere for generations, trapping heat.

    Global Mean Near-surface Temperature

    In addition to 2024 setting a new record, each of the past ten years, 2015-2024, were individually the ten warmest years on record.

    The record temperature in 2024 was boosted by a strong El Niño which peaked at the start of the year. In every month between June 2023 and December 2024, monthly average global temperatures exceeded all monthly records prior to 2023.

    Record levels of greenhouse gases were the primary driver, with the shift to El Niño playing a lesser role.

    Ocean Heat Content

    Around 90% of the energy trapped by greenhouse gases in the Earth system is stored in the ocean.

    In 2024, ocean heat content reached its highest level in the 65-year observational record. Each of the past eight years has set a new record. The rate of ocean warming over the past two decades, 2005-2024, is more than twice that in the period 1960-2005.

    Ocean warming leads to degradation of marine ecosystems, biodiversity loss, and reduction of the ocean carbon sink. It fuels tropical storms and contributes to sea-level  rise. It is irreversible on centennial to millennial time scales. Climate projections show that ocean warming will continue for at least the rest of the 21st century, even for low carbon emission scenarios.

    Ocean Acidification

    Acidification of the ocean surface is continuing, as shown by the steady decrease of global average ocean surface pH. The most intense regional decreases are in the Indian Ocean, the Southern Ocean, the eastern equatorial Pacific Ocean, the northern tropical Pacific, and some regions in the Atlantic Ocean.

    The effects of ocean acidification on habitat area, biodiversity and ecosystems have already been clearly observed, and food production from shellfish aquaculture and fisheries has been hit as have coral reefs.

    Projections show that ocean acidification will continue to increase in the 21st century, at rates dependent on future emissions. Changes in deep-ocean pH are irreversible on centennial to millennial time scales.

    Annual global ocean heat content down to 2000 m depth for the period 1960–2024, in zettajoules (1021 J). The shaded area indicates the 2-sigma uncertainty range on each estimate.

    Global Mean Sea Level

    In 2024, global mean sea level was the highest since the start of the satellite record in 1993 and the rate of increase from 2015-2024 was double that from 1993–2002, increasing from 2.1 mm per year to 4.7 mm per year.

    Sea level rise has cascading damaging impacts on coastal ecosystems and infrastructure, with further impacts from flooding and saltwater contamination of groundwater.

    Glacier Mass Balance

    The period 2022-2024 represents the most negative three-year glacier mass balance on record. Seven of the ten most negative mass balance years since 1950 have occurred since 2016.

    Exceptionally negative mass balances were experienced in Norway, Sweden, Svalbard, and the tropical Andes.

    Glacier retreat increases short-term hazards, harms economies and ecosystems and long-term water security.

    Sea-ice Extent

    The 18 lowest Arctic sea-ice minimum extents in the satellite record all occurred in the past 18 years. The annual minimum and maximum of Antarctic sea-ice extent were each the 2nd lowest in the observed record from 1979.

    The minimum daily extent of sea-ice in the Arctic in 2024 was 4.28 million km2, the 7th lowest extent in the 46-year satellite record. In Antarctica, the minimum daily extent tied for the 2nd lowest minimum in the satellite era and marked the 3rd consecutive year that minimum Antarctic sea-ice extent dropped below 2 million km2. These are the three lowest Antarctic ice minima in the satellite record.

    Extreme events and impacts

    Extreme weather events in 2024 led to the highest number of new annual displacements since 2008, and destroyed homes, critical infrastructure, forests, farmland and biodiversity.

    The compounded effect of various shocks, such as intensifying conflict, drought and high domestic food prices drove worsening food crises in 18 countries globally by mid-2024.

    Tropical cyclones were responsible for many of the highest-impact events of 2024. These included Typhoon Yagi in Viet Nam, the Philippines and southern China.

    In the United States, Hurricanes Helene and Milton in October both made landfall on the west coast of Florida as major hurricanes, with economic losses of tens of billions of dollars. Over 200 deaths were associated with the exceptional rainfall and flooding from Helene, the most in a mainland United States hurricane since Katrina in 2005.

    Tropical Cyclone Chido caused casualties and economic losses in the French Indian Ocean island of Mayotte, Mozambique and Malawi. It displaced around 100,000 people in Mozambique.

  • MIL-OSI United Nations: Climate change: Paris Agreement goals still within reach, says UN chief

    Source: United Nations MIL OSI b

    Climate and Environment

    The effects of human-driven climate change surged to alarming levels in 2024, with some consequences likely to be irreversible for centuries – if not millennia – according to a new report from the World Meteorological Organization (WMO). 

    The latest State of the Global Climate report confirms 2024 as the hottest year since records began 175 years ago, with a global mean temperature of 1.55°C above pre-industrial levels – surpassing the critical warming threshold of 1.5°C for the first time.  

    While a single year above 1.5°C doesn’t break the Paris Agreement‘s long-term goals (a long-term average below 1.5°C), it is a stark warning of the urgent need for emissions reduction.

    Multiple climate indicators also set new records. Atmospheric carbon dioxide concentrations are at their highest in 800,000 years, and the oceans continue to warm at unprecedented rates.  

    Glaciers and sea ice are rapidly melting, contributing to a rise in global sea levels that threatens coastal ecosystems and infrastructure worldwide.

    Furthermore, tropical cyclones, floods, droughts, and other hazards last year led to the highest number of new displacements recorded in 16 years, contributing to worsening food crises, and fuelling massive economic losses.  

    Leveraging renewables and early warning systems

    Despite these alarming trends, UN Secretary-General António Guterres said that the Paris Agreement goals are still achievable and called on world leaders to step up their efforts in response to the mounting crisis.

    Our planet is issuing more distress signals – but this report shows that limiting long-term global temperature rise to 1.5 degrees Celsius is still possible. Leaders must step up to make it happen –seizing the benefits of cheap, clean renewables for their people and economies – with new national climate plans due this year’’, he urged.

    WMO Secretary-General Celeste Saulo called the report findings a “wake-up call” to the increasing level of deadly risk facing human life, economies and the planet.

    “WMO and the global community are intensifying efforts to strengthen early warning systems and climate services to help decision-makers and society at large be more resilient to extreme weather and climate. We are making progress but need to go further and need to go faster”, she said.  

    Irreversible changes

    The report explains that the record-breaking global temperatures in 2023 and 2024 were primarily driven by increasing greenhouse gas emissions, amplified by the transition from La Niña to El Niño.  

    Other factors that might have contributed include solar cycle variation, volcanic activity and changes in ocean circulation.

    Scientists also underscore the urgency of taking action, outlining some already irreversible changes – including the rate of sea level rise – that has doubled since satellite measurements began.

    Projections show that ocean warming, which reached its highest level on record, will continue over the rest of the 21st century and beyond, even if the world were to significantly reduce emissions. Similarly, ocean acidification will continue to increase for the rest of this century, at rates dependent on future emissions.

    Other key findings

    • Globally, each of the past ten years were individually the ten warmest years on record.
    • Each of the past eight years has set a new record for ocean heat content.
    • The 18 lowest Arctic sea-ice extents on record were all in the past 18 years.
    • The three lowest Antarctic ice extents were in the past three years.
    • The largest three-year loss of glacier mass on record occurred in the past three years.
    • In 2024, ocean heat content reached its highest level in the 65-year observational record.
    • Tropical cyclones were responsible for many of the highest-impact events of 2024. These included Typhoon Yagi in Viet Nam, the Philippines and southern China.  

    MIL OSI United Nations News

  • MIL-Evening Report: Massacre at 2 am – Israel resumes indiscriminate attacks against Gaza, killing 400+ people

    Israel says President Donald Trump green lit a scorched-earth bombing of Gaza that wiped out entire families and killed dozens of infants and other children.

    By Abubaker Abed in Deil Al-Balah, Gaza, and Jeremy Scahill of Drop Site News

    The US-backed Israeli government resumed its intense genocidal attacks on Gaza early yesterday morning, unleashing a massive wave of indiscriminate military strikes across the Strip and killing more than 410 people, including scores of children and women, according to local health officials.

    The massacre resulted in one of the largest single-day death tolls of the past 17 months, and also killed several members of Gaza’s government and a member of Hamas’s political bureau.

    The Trump administration said it was briefed ahead of the strikes, which began at approximately 2 am local time, and that the US fully supported Israel’s attacks.

    “The sky was filled with drones, quadcopters, helicopters, F-16 and F-35 warplanes. The firing from the tanks and vehicles didn’t stop,” said Abubaker Abed, a contributing journalist for Drop Site News who reports from Deir al-Balah, Gaza.

    “I didn’t sleep last night. I had a pang in my heart that something awful would happen. At 2 am, I tried to close my eyes. Once it happened, four explosions shook my home. The sky turned red and became heavily shrouded with plumes of smoke.”

    Abubaker said Israel’s attacks began with four strikes in Deir al-Balah.

    “Mothers’ wails and children’s screams echoed painfully in my ears. They struck a house near us. I didn’t know who to call. I couldn’t feel my knees. I was shivering with fear, and my family were harshly awakened,” he said.

    ‘My mother couldn’t breathe’
    “My mother couldn’t take a breath. My father searched around for me. We gathered in the middle of our home, knowing our end may be near. That’s the same feeling we have had for the 16 months of intense bombings and attacks.

    “The nightmare has chased us again.”

    The Israeli attacks pummeled cities across Gaza — from Rafah and Khan Younis in the south to Deir al-Balah in the center, and Gaza City in the north, where Israel carried out some of the heaviest bombing in areas already reduced to an apocalyptic landscape.

    Since the “ceasefire” took effect in January, more than half a million Palestinians returned to the north and many of them have been living in makeshift shelters or on the rubble of their former homes.

    Hospitals that already suffer from catastrophic damage from 16 months of relentless Israeli attacks and a dire lack of medical supplies struggled to handle the influx of wounded people, and local authorities issued an emergency call for blood donations.

    Late Tuesday morning, Dr Abdul-Qader Weshah, a senior emergency doctor at Al-Awda Hospital in Al-Nuseirat camp in central Gaza, described the situation.

    “We’ve just received another influx of injuries following a nearby strike. We’ve dealt with them. We are just preparing ourselves for more casualties as more bombings are expected to happen,” he told Drop Site News.

    ‘Horrified . . . awoke to screams’
    “Since the morning, we were horrified and awoke to the screams and pain of people. We’ve been treating many people, children and women in particular.”

    Weshah said they have had to transfer some of the wounded to other hospitals because of a lack of medical supplies.

    “We don’t have the means. Gaza’s hospitals are devoid of everything. Here at the hospital, we lack everything, including basic necessities like disinfectants and gauze. We don’t have enough beds for the casualties.

    We don’t have the capacity to treat the wounded. X-ray devices, magnetic resonance imaging, and simple things like stitches are not available. The hospital is in an unprecedented state of chaos.

    “The number of medical crews is not enough. Overwhelmed with injuries, we’re horrified and we don’t know why we are speaking to the world.

    “We’re working with less than the bare minimum in our hands. We need doctors, devices and supplies, and circumstances to do our job.”

    Al-Shifa hospital director Muhammad Abu Salmiya told Al Jazeera Arabic: “Every minute, a wounded person dies due to a lack of resources.”

    The Indonesia Hospital morgue in Beit Lahia, Gaza on March 18, 2025. Image: Abdalhkem Abu Riash/Anadolu

    Rising death toll
    Dr Zaher Al-Wahidi, the Director of the Information Unit at the Ministry of Health in Gaza, told Drop Site Tuesday afternoon that 174 children and 89 women were killed in the Israeli attacks. [Editors: Latest figures are 404 killed, including many children, and the toll is expected to rise as many are still buried beneath rubble.]

    Local health officials and witnesses said that the death toll was expected to rise dramatically because dozens of people are believed to be buried under the rubble of the structures where they were sleeping when the bombing began.

    “We can hear the voices of the victims under the rubble, but we can’t save them,” said a medical official at Al-Shifa Hospital in Gaza City.

    Video posted on social media by Palestinians inside Gaza portrayed unspeakable scenes of the lifeless bodies of infants and small children killed in the bombings.

    Zinh Dahdooh, a dental student from Gaza City, posted an audio recording she said was of her neighbours screaming as their shelter was bombed, trapping them in the destruction.

    “Tonight, they bombed our neighbors,” she wrote on the social media site X. “They kept screaming until they died, and no ambulance came for them. How long are we supposed to live in this fear? How long!”

    According to local health officials, many strikes hit buildings or homes housing multiple generations of families.

    ‘Wiped out six families’
    “Israel in its strikes has wiped out at least six families. One in my hometown. The others are from Khan Younis, Rafah, and Gaza City. Some families have lost five or 10 members. Others have lost around 20,” Abubaker reported.

    “We talk about families killed from the children to the old. The Gharghoon family was bombed today in Rafah. The strikes have killed the father and his two daughters. Their mom and grandparents along with their uncles and aunts were also murdered, erasing the entire family from the civil registry.

    “We are talking about the erasure of entire families. Among Israel’s attacks in Deir al-Balah, Israel bombed the homes of the Mesmeh, Daher, and Sloot families.

    “More than 10 people, including seven women, from the Sloot family were killed, wiping them out entirely. The same has happened to the Abu-Teer, Barhoom, and other families.

    “This is extermination by design. This is genocide.”

    On Tuesday, Palestinian Islamic Jihad confirmed that “Abu Hamza,” the spokesman of its military wing, Al Quds Brigades, had been killed along with his wife and other family members.

    A hellish scene
    Israeli officials said they had been given a “green light” by President Donald Trump to resume heavy bombing of Gaza because of Hamas’s refusal to obey Trump’s directive to release all Israeli captives immediately.

    “All those who seek to terrorise not just Israel but also the United States of America, will see a price to pay,” White House spokesperson Karoline Leavitt said on Fox News.

    “All hell will break loose.”

    Prime Minister Benjamin Netanyahu released a statement asserting that “Israel will, from now on, act against Hamas with increasing military strength”.

    Israeli media reported that the decision to resume heavy strikes against Gaza was made a week ago and was not in response to any imminent threat posed by Hamas.

    Israel, which has repeatedly violated the ceasefire that went into effect January 19, has sought to create new terms in a transparent effort to justify blowing up the deal entirely.

    “This is unconscionable,” said Muhannad Hadi, the UN Humanitarian Coordinator for the Occupied Palestinian Territories.

    “A cease-fire must be reinstated immediately. People in Gaza have endured unimaginable suffering.”

    Compounding the crisis in Gaza’s hospitals, Israel recently began blocking the entry of international medical workers to the Strip at unprecedented rates as part of a sweeping new policy that severely limits the number of aid organisations Israel will permit to operate in Gaza.

    Plumes of smoke from central Gaza just as Israel began its heavy bombing on Monday night. Image: Abubaker Abed/Drop Site News

    Editor’s note: Due to the ongoing Israeli attacks, Abubaker Abed relayed his reporting and eyewitness account to Jeremy Scahill by phone and text messages. This article is republished from Drop Site News under Creative Commons.

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Dozens of surfers fell ill after swimming in seas that turned into a ‘bacterial smoothie’ of sea foam. What was in it?

    Source: The Conversation (Au and NZ) – By Ipek Kurtböke, Associate Professor in Microbiology, University of the Sunshine Coast

    Anthony Rowland

    Two windswept beaches 80km south of Adelaide have been closed to the public after locals reported “more than 100” surfers fell ill on the weekend. Their symptoms included “a sore throat, dry cough and irritated eyes” or blurred vision. Dead sea dragons, fish and octopuses have also washed up on the beaches.

    Water samples have been taken for testing and health authorities suspect toxins from an algal bloom may be to blame.

    But the “mysterious foam” in the water is a health hazard in its own right.

    My research shows people should not go in the sea when it is foaming. These bacterial smoothies can contain more harmful pathogens than a sewage treatment plant – and you wouldn’t go swimming in sewage.

    Beware of sea foam

    Sea foam doesn’t look dangerous. But looks can be deceiving. This foam is likely to contain a mixture of many different types of microbes and pollutants.

    On beaches with lots of sea foam, people should avoid all contact with the water – and definitely avoid surfing or breathing in the contaminated water droplets in the air.

    I have been studying sea foams since 2003. In 2021, my PhD student Luke Wright and I published research on our discovery of infectious disease-causing microbes in the sea foams of the Sunshine Coast in Queensland.

    Named Nocardiae, these microbes are filamentous bacteria that can cause foaming in wastewater treatment plants, particularly when there’s a high load of fats, oils and greases. We now know the bacteria can cause foaming in the sea too.

    We detected 32 strains of Nocardiae in samples of sea foam from beaches at Noosa and south to Caloundra.

    Some of these species were new to science. So we named them Nocardia australiensis and Nocardia spumea (“spumea” meaning froth or foam).

    Nocardiae bacteria are known to cause skin, lung and central nervous system infections in both humans and animals. But the infection usually only takes hold in people with weakened immune systems. The bacteria can cause abscesses in the brain, lungs and liver.

    The incubation time can range between one and six months, depending on the strain of bacteria and the health status of the person involved.

    This means it will take some time for people to get infected and show symptoms. Long-term medical monitoring is required to detect the condition, as it can be masked by other disease-causing microbes such as the infectious agent that causes tuberculosis.

    Where is the sea foam coming from?

    During heavy winds, microbial spores from the soil can end up on the surface of the ocean.

    If the water is polluted with floating fats and grease as well as asphaltene, motor oil and hydrocarbons, these spores soon form bacterial colonies or biofilms that go forth and multiply.

    That’s because these microbes use pollution as a food source. Seawater is increasingly polluted by runoff from farmland or hard surfaces such as roads. Everything washed into the stormwater drains out to sea. During heavy storms accidental overflow from sewage systems can also occur, as Rockhampton has experienced in the past.

    Algae is another food source for these microbes, as they can crack open algae cells to access the nutritious oils inside. Sea foams have been observed in northern France during algal blooms.

    Warm water makes matters worse, as the warmth increases the survival rate for Nocardiae. In our laboratory on the Sunshine Coast, we were able to replicate a foaming event. We found foaming started at water temperatures of 24°C and above.

    What can be done about it?

    Reducing stormwater pollution will reduce the growth of sea foams. Any potential incident of infections of these surfers can raise awareness of the problem.

    But sea foam can also be found in pristine environments such as national parks, where it is mostly due to oils leached from trees. We proved this fact at Noosa National Park.

    In my experience on the Sunshine Coast, the council and other local authorities have been very receptive to advice on how to fix the problem. They have supported our research and also completed major upgrades at sewage treatment plants over the last 20 years.

    Once there’s an outbreak in the environment it is very difficult to control. That’s because ocean is an open system, as opposed to the closed system of a sewage treatment plant, where operators can use special chemicals or mechanical equipment to break the foam down. In open sea it’s impossible. So we just have to wait for it to go away.

    In this case, teams of researchers from different disciplines should come together to explore the issue. Microbiologists, marine scientists, meteorologists and chemists should team up to find out what’s going on. Ocean currents should be followed to determine where the pollutants end up.

    Sea foam is a global issue

    Earlier this month Tropical Cyclone Alfred whipped up sea foam all the way along the coast from South East Queensland to northern New South Wales. I was horrified to see footage of people playing in the thick, sticky sea foam, blissfully unaware of the dangers.

    But the problem is not confined to Australia, sea foam can be found at polluted beaches all over the world. Examples include India and Turkey.

    I have been telling this story ever since I first observed it on the Sunshine Coast in 2003. Every time there’s a major sea foam event, the media is interested. But research support is also needed in the gaps in between. We scientists need to monitor the shorelines continuously.

    As long as humanity continues to produce pollution, the problem will increase. It will also worsen as the world warms, because sea foams like it hot.

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

    ref. Dozens of surfers fell ill after swimming in seas that turned into a ‘bacterial smoothie’ of sea foam. What was in it? – https://theconversation.com/dozens-of-surfers-fell-ill-after-swimming-in-seas-that-turned-into-a-bacterial-smoothie-of-sea-foam-what-was-in-it-252506

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: WuBlockchain Talks with BitMart Founder Sheldon: From Bitcoin in College to 7 Years of Entrepreneurship and U.S. Regulations

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, March 18, 2025 (GLOBE NEWSWIRE) — Celebrating BitMart’s 7th anniversary, Wu Blockchain—one of the cryptocurrency industry’s leading media platforms—conducted an exclusive interview with BitMart founder Sheldon. The interview provides an in-depth retrospective on Sheldon’s journey from discovering Bitcoin as a college student to founding and scaling BitMart into a global digital asset exchange. It also explores the exchange’s evolution over the past seven years, key industry trends, and insights into the regulatory landscape shaping the future of crypto trading.

    The full interview is presented below.

    Sheldon, founder of BitMart, first encountered Bitcoin as a college sophomore in 2013 after reading about an ASIC mining breakthrough. That summer, he attended a Bitcoin conference in Hangzhou, meeting industry figures like CZ, Star Xu, Mo Buyi, and James Gong.

    After earning his master’s degree in 2017, he founded BitMart, which later secured investment from Fenbushi Capital in 2020. In 2024, BitMart launched its in-house derivatives system. With a CCO in place from day one, the exchange has maintained a relatively light regulatory burden.

    BitMart’s user retention hinges on data asset appreciation and interactive services. While Bitcoin’s downside risk appears limited, the broader crypto market remains sluggish. If political leadership shifts in four years, stricter regulations could follow.

    Encountering Bitcoin in Sophomore Year: Thought It Was Really Cool

    Colin: Sheldon, this year marks the 7th anniversary of BitMart. Congratulations on your continued growth and overcoming numerous challenges along the way. Could you start by briefly introducing your background, including your educational experience and your story before entering the crypto space?

    Sheldon: Recently, our platform celebrated its 7th anniversary. The company has actually been established for over 7 years, with about 9 months spent in preparation before our official launch on March 15, 2018, coinciding with the date of 3.15.

    Let me briefly introduce my past experiences. I studied computer science at Hangzhou Dianzi University. This background allowed me to come into contact with blockchain early on, given the close relationship between computer science and blockchain. I first encountered Bitcoin in early 2013 while I was a sophomore, filled with interest in new technologies and eager to explore cutting-edge innovations.

    At that time, I was still using Renren, a social media platform, where I operated my own small site on a platform called “Renren Xiaozhan,” writing code and collecting interesting news in the tech field to share. One day, I came across a news article about Brooklyn, New York, mentioning two young people who improved ASIC mining algorithms, increasing Bitcoin mining speeds by hundreds of times. This news piqued my interest, and I began to delve deeper into Bitcoin.

    At first, I was extremely excited, but to be honest, I only understood computers and programming and had no knowledge of finance. I considered Bitcoin to be a revolutionary technology that could change the world. From the perspective of financial freedom, it made global transfers free and convenient, which was an attractive concept for me at that time. Young people always pursue freedom, and I thought Bitcoin was really cool.

    2013 Hangzhou Bitcoin Conference: Met CZ, Star, and Others

    Colin: So, did you mine back then?

    Sheldon: Yes! While I was still studying, I tried mining using my own computer. The industry was still small back then, and I often met people at offline events. For instance, during the summer of 2013, I attended a Bitcoin conference in Hangzhou and met people like CZ, Star Xu from OK, Jame Gong, Mo Buyi, and Nick Chong. Everyone participated out of enthusiasm for blockchain, and there was quite a bit of interaction, which allowed me to meet many future industry partners.

    Colin: Did you continue to explore the industry after that?

    Sheldon: During college, I did some blockchain development and even created my own coin, which was quite well-known in 2013. Afterwards, I chose to focus on my studies and went to Stevens Institute of Technology in New Jersey, USA, to pursue a master’s degree in computer science. While academically returning to the traditional computer field, I continued to follow developments in blockchain.

    Overall, Bitcoin indeed inspired me, especially the financial innovations it brought. What truly deepened my understanding of this industry was in 2016, when a fellow alumnus from my university, who had gone to the US before me and was working at SAP in Seattle, became the group leader of our overseas alumni association. We often chatted and exchanged views on blockchain and Bitcoin. During those years, I also attempted algorithmic trading and discussed related issues with him.

    Sheldon: Later, I read the Ethereum white paper, and after finishing it, I felt invigorated. At that time, Ethereum’s vision was to build a “world computer,” putting computation and storage entirely on-chain. This model was more intuitive compared to Bitcoin, with a grander vision and broader imaginative space, along with richer practical application scenarios.

    Colin: Was this in 2015?

    Sheldon: It was in the second half of 2016, just before Ethereum’s explosive growth. After reading its white paper, I felt it was a completely new world. Unlike Bitcoin’s philosophy, Ethereum could support smart contracts and had greater extensibility, which elevated my understanding of blockchain to another dimension.

    Subsequently, I and some classmates began to try coding and created some small applications on Ethereum. At the same time, I also participated in the cryptocurrency trading frenzy, accumulating some initial capital in the market. I experienced two bull market cycles and made some profits, but compared to those early players fully devoted to the industry, my capital accumulation was not that large.

    2017: The Opportunity and Preparation for BitMart’s Establishment

    In 2017, after graduating with my master’s degree, the market was particularly favorable for cryptocurrencies. I began considering my next direction and ultimately decided to start a business with some friends I met in 2013. Our idea was to establish a trading platform, so we began preparations in September 2017 and officially launched on March 15 of the following year. During those 8 to 9 months, we faced many challenges, including team building and fundraising. The entire process was quite tortuous, but we managed to launch the exchange right at the end of the bull market.

    Since then, BitMart Exchange has officially entered a fast-paced development track. The seven years have been both long and filled with challenges. Joining the crypto space was actually a coincidence, but fundamentally, it was driven by my interest in technology and the intriguing nature of blockchain. On the other hand, my understanding of traditional finance was limited, while blockchain offered a brand-new financial paradigm that could potentially disrupt the traditional financial system from a technical standpoint. Therefore, I ultimately decided to immerse myself in this industry and have persevered ever since.

    Colin: What was your strategy when you first started the exchange? Did you have a clear direction at that time?

    Sheldon: Our initial idea was quite simple. On one hand, the crypto market was in a rapid development phase, and on the other hand, competition in the exchange industry was not as fierce as it is now, with a high demand for listing coins. From the perspective of market demand, we believed there was significant potential for growth in exchange operations.

    Additionally, we identified three core areas in the industry: exchanges, mining, and chips. Ultimately, we chose exchanges as our entrepreneurial direction since the other two fields were not our areas of expertise.

    Our competitive strategy has actually remained largely unchanged from that time to now. The core value of an exchange lies in providing a trading venue, liquidity, and quality trading assets, so we decided from the outset to adopt a rich listing strategy. However, in 2017, the industry infrastructure was still underdeveloped, and optimizing product richness, liquidity, and technical foundation was much more challenging than it is today.

    At that time, there was a severe shortage of talent in the entire industry. There were almost no real blockchain practitioners, and most of the talent had to be cultivated or solutions had to be explored independently, making technical difficulties relatively high. However, we consistently adhered to our competitive strategy, which has continued to this day.

    Our team had a strong global presence, which led to BitMart being highly regarded worldwide. When the exchange launched, it garnered significant attention, and the subsequent user structure remained consistent across the globe.

    2017-2021: BitMart’s Journey from Startup to Rapid Development

    Colin: If you were to divide BitMart’s 7 to 8 years of development into different phases, how would you define these phases? What are their characteristics?

    Sheldon: I believe that BitMart’s development phases are closely linked to changes in the company’s organizational structure, talent framework, and business scale. If we were to categorize the phases, I believe the company is currently in the fourth phase.

    The first phase includes the years 2017 to 2019, during which BitMart was in its startup stage as a company. At that time, our team was small, and our business level and market share were still in the early stages of development.

    The bear market in 2019 and the market slump in early 2020 were significant tests for the team. The entire industry was extremely cold at that time, leading us to undergo a wave of personnel adjustments, with many early core members choosing to leave due to the changing market environment. I believe that during that phase, every exchange faced immense survival pressure. It was the most challenging period.

    Following that, from 2020 to 2021, we entered the second phase, which was a rapid development phase. In early 2020, Fenbushi Capital invested in our equity, which, although not a large amount, was highly significant for us.

    In 2020, we upgraded the team comprehensively, and the organizational structure underwent a major adjustment. Many key core members joined at that time and have remained with the company, becoming the backbone of today’s organization, taking on crucial management roles. This organizational adjustment laid the foundation for BitMart’s rapid growth thereafter.

    Sheldon: In 2020 and 2021, with the optimization of our talent structure, we also welcomed a bull market. During those two years, asset issuance was exceptionally frantic, and DeFi summer drove the expansion of the entire crypto industry’s asset scale, also creating numerous opportunities for the appreciation of emerging assets. This industry trend directly propelled the business growth of BitMart Exchange.

    Especially in mid-2021, our performance data reached an extraordinarily exaggerated growth level, with monthly trading volume increasing by 100 times compared to 2020. In terms of user growth, the number of retail traders and app downloads surged, and we briefly entered the top 20 of the Apple Store, even surpassing PayPal at one point. During that time, BitMart’s daily downloads reached hundreds of thousands, with daily registrations peaking in the tens of thousands, rapidly increasing our market share. It can be said that at that time, our exchange business ranked at least in the top five globally.

    Our success primarily relied on a rich asset issuance strategy and the user-friendliness of our platform products.

    2022-2023: Strengthening Risk Control and Security Investments

    Sheldon: We define the years 2022 and 2023 as the “consolidation phase” of development. The main focus of our investment has been on products, research and development, security, and risk control. We have conducted another round of upgrades and optimizations for our internal management processes, product research systems, operational SOPs, and team structure.

    The years 2017 to 2019 were led by the first generation of BitMart’s management team, while 2020 to 2021 saw the introduction of the second generation of core leadership. In 2022 to 2023, we welcomed the third generation of core leadership, gradually moving towards a professional managerial approach, bringing in many key personnel from traditional finance industries and other leading exchanges. At the same time, we also undertook large-scale upgrades and iterations of our technical systems, optimizing the exchange’s infrastructure.

    Moreover, the construction of our risk control and security systems has also been further strengthened, with substantial investment in security facilities. To some extent, we view the bear market as an opportunity to focus on internal optimization and enhance overall stability and risk resistance.

    2024: Launching an In-house Developed Derivatives System

    Sheldon: I believe that the period from 2024 to 2025 will be the fourth development stage for BitMart, marking a new growth phase. The core growth areas during this phase will primarily focus on contracts and derivatives business.

    In 2024, we officially launched a brand-new an in-house developed derivatives system, which is a fully in-memory trading clearing and settlement system that greatly enhances trading efficiency and performance. In terms of derivatives products, this system has nearly bridged the gap between us and first-tier exchanges. The launch of this complete clearing and settlement system has made the expansion of our derivatives business much smoother. Over the past year, the growth rate of derivatives trading has been rapid, becoming a new growth engine for the company.

    Additionally, to accommodate this growth, we have also made adjustments and optimizations to our fourth-generation leadership team, further introducing new core management. This evolution of organizational structure is actually an inevitable trend, as it is difficult to advance the company to the next stage without adapting the organizational structure to changes in business models.

    BitMart’s Core Strategy for Compliant Development

    Colin: I remember you have always emphasized compliance. Compared to other trading platforms, your strategy seems somewhat different. How did you formulate your compliance strategy back then?

    Sheldon: Yes, BitMart established a CCO (Chief Compliance Officer) from the very beginning. Our core executive team also includes someone specifically responsible for legal affairs. In the early stages, we conducted in-depth analyses of the compliance environment for business development and formulated a comprehensive compliance operation plan, closely cooperating with law firms to ensure our business operations were legal and compliant. Thus, we have a relatively light historical burden.

    Sheldon: I believe that the founders of each exchange have different personalities and decision-making styles. As entrepreneurs, the most important thing is to clearly understand what you truly want, what you have, and what you are willing to give up.

    Some exchanges choose an extremely aggressive growth model, willing to take compliance risks in pursuit of excess returns. We, on the other hand, clearly chose a more stable development path from the outset, unwilling to take unnecessary legal risks. This reflects the differing considerations of various entrepreneurs regarding risk and return; each exchange will have its unique considerations.

    Future Market Expansion Directions: Focus on Asia and Europe

    Colin: Has your user base changed? You just mentioned the derivatives business, and in certain markets, you clearly cannot conduct derivatives trading. Has there been any adjustment in the geographic distribution of your users?

    Sheldon: Our derivatives business was relatively small before 2024. Compared to derivatives trading, spot trading has relatively lenient regulatory requirements, so we have remained in a relatively controllable state regarding regulatory pressure.

    From 2021 to 2024, there has been a noticeable change in our user distribution, shifting from primarily North American users to being dominated by Asian and European markets. Currently, our derivatives trading remains mainly concentrated in the Asian market, where user activity and trading demand are still the highest.

    Core Value of Retaining Users Lies in “Appreciation of Data Assets” and “Interactive Services”

    Colin: So, how is your overall revenue and profitability situation now? How has the company performed in terms of revenue?

    Sheldon: Overall, the situation is quite good. Our ability to list coins has always been strong. If you conduct market research, you will find that we are consistently one of the exchanges with the most and fastest listings in the industry. Our accelerated listing strategy has kept our overall revenue at a relatively stable high level, especially in terms of revenue from spot trading fees, where we have always maintained a leading position.

    In 2023, we explicitly proposed a strategy for diversifying our “revenue pillars,” expanding from solely spot revenue to include derivatives revenue. In 2024, the growth of derivatives trading significantly boosted our overall revenue. This has also led to some expansion within our team, though we still maintain streamlined operations. Currently, the company has nearly 500 employees, more than doubling in size compared to 2021.

    Colin: Will there be any new changes in the company’s strategy this year?

    Sheldon: Yes, BitMart’s core strategy has been evolving, but there is a core vision and mission that has never changed. Over the past five years, during every annual and quarterly meeting, we have repeatedly emphasized our vision—to become the infrastructure of the future Web3 world.

    Colin: You mentioned the vision that the company has consistently adhered to. If you were to summarize the core values of BitMart’s development over the years or the most important aspects of corporate culture, how would you define them?

    Sheldon: From a user-facing perspective, we have always aimed to provide a free trading venue, offering users the opportunity for asset selection, and creating an open, free, and trustworthy Web3 platform. Therefore, our products and trading tools are always designed from the user’s needs, striving to meet user demands as much as possible in terms of trading experience and asset support. This philosophy has enabled BitMart to maintain a high user retention rate and continuously expand its market.

    Colin: What kind of values do you advocate in terms of the company’s internal culture?

    Sheldon: The core values of our internal culture can be summarized in five keywords: trust, reliability, simplicity, efficiency, and persistence.

    These values permeate the company’s daily communication, strategy formulation, and business execution processes. Whether in team collaboration or decision-making in response to market changes, we consistently adhere to these five core principles.

    From the revenue strategy perspective, we are promoting the expansion from spot income to derivatives income to achieve diversified growth. From a long-term strategic viewpoint, this year we also formulated a “decentralized wallet strategy.” In the third quarter of 2025, we plan to launch our own decentralized wallet and integrate it with existing CEX wallets.

    For exchanges, the core value of retaining users lies in the “appreciation of data assets” and “interactive services.” The wallet strategy is extremely important to us as it is not merely a storage tool but also serves as the gateway for users to enter the Web3 world. Based on this entry point, we can establish a complete asset appreciation system and provide services such as asset management and information interaction. This aligns with the core direction of our long-term vision and mission.

    Colin: Is it necessary to develop a wallet in-house? For instance, acquiring existing on-chain products or wallets might also be a good choice, much like Binance acquiring Trust Wallet back in the day?

    Sheldon: Indeed, acquisition is a feasible option, but we have already built substantial technical expertise in this area. Our asset management framework also collaborates with some third-party custodians, such as Copper, Fireblocks, and Cobo. However, our internal team has accumulated significant experience in wallet technology over a long period. The year 2025 is a suitable time, so we decided to develop it in-house rather than pursue an acquisition directly.

    The Trend of Integration Between CEX and DEX

    Colin: Your strategy is also an issue that all CEXs must face. Just like in 2017 when Binance capitalized on the altcoin market boom, today CEXs may face challenges from DEX and on-chain economies. Do you think this challenge will fundamentally impact CEXs?

    Sheldon: I believe that CEX and DEX each have their distinct advantages, and the user groups they serve differ significantly. Currently, it is unlikely that the product forms of the two will fully merge in the short term, but in the medium to long term, CEX and DEX will gradually converge, borrowing from and integrating with each other’s technologies.

    For example, many DEXs rely on decentralized backends for clearing and settlement, but the front-end presentation and interaction still use centralized methods. Similarly, CEXs are beginning to integrate decentralized self-custody wallets into their internal centralized wallets, enhancing users’ control over their assets.

    I think that in the future, both CEX and DEX will continue to grow in market size and ultimately form a state of integration. DEXs have clear advantages in terms of transparency, self-custody, and censorship resistance, while CEXs still dominate in high-frequency trading, high liquidity, and support for complex trading strategies. Therefore, neither will completely replace the other; instead, they will continually move closer in their respective areas of expertise, forming a complementary relationship.

    Colin: Do you think the market space for CEX will become smaller? On one hand, it faces competition from DEX, and on the other, local compliance exchanges are also developing rapidly.

    Sheldon: This question needs to be analyzed separately. In terms of absolute market value, the market size of CEXs will continue to grow over the next 5 to 10 years. However, in terms of market share, the outlook may not be as optimistic.

    Currently, regulation on DEX is relatively lenient. For instance, the withdrawal of lawsuits against DEX-driven protocols like Uniswap has provided many opportunities for DEX to grow. Therefore, the market share of DEX may continue to rise.

    However, the growth of CEXs still relies on the overall expansion of assets in the crypto industry. Especially with the trend of digital financial assets, the advent of the AI era will generate a large number of new data assets, significantly increasing their application and interaction frequency. Overall, the market size of the industry (especially for CEX exchanges) will continue to grow and is unlikely to stagnate at least in the next 5 to 10 years.

    Nonetheless, changes in market share may suggest that more emerging entrepreneurs will find greater opportunities in DEX or other DeFi areas.

    Bitcoin Market Prediction: Long-Term Target of $1 Million, Short-Term Influenced by Federal Reserve Policies

    Colin: You have a lot of observations about the US market, and we’ve discussed the current market state. How do you see the upcoming market trend? What impact might adjustments in US policies have on the market? The US government is indeed loosening regulations and providing greater support to the industry, but at the same time, macro factors like rising inflation may have some influence on the market. How do you view the future market trends? From the company’s perspective, you must also assess these factors, as they will directly impact future investments and growth planning. Additionally, how do you view the opportunities that changes in the US regulatory environment may bring to the industry?

    Sheldon: From the perspective of the secondary market, Bitcoin has gradually decoupled from other asset classes, but it still remains highly correlated with US macroeconomic policies. Therefore, in the long term, most people’s view is consistent—Bitcoin will eventually rise to $1 million. However, in the short term, Bitcoin’s price movements are still largely dependent on the Federal Reserve’s interest rate cut policies, the inflow of funds for Bitcoin spot ETFs, and any potential national Bitcoin reserve plans.

    Currently, the downside potential for Bitcoin seems limited, and while market liquidity is somewhat constrained, Bitcoin’s fundamentals remain solid. However, aside from Bitcoin, the market situation for other crypto assets is relatively bleak. The market currently lacks new capital influx, and there are no truly valuable “trust-level” protocols or applications emerging from the product side. Therefore, in terms of value creation and liquidity, the entire market remains in a sluggish state.

    This recent market surge’s funding primarily comes from traditional financial institutions and the inflow of US ETFs. Bitcoin’s ultimate destination is to be held by banks and a few compliant custodians, rather than flowing into DEXs or unregulated entities as it did in the past. Thus, the overall leverage in the market has significantly decreased. In previous bull markets, offshore exchanges or unregulated entities had very high leverage, leading to market over-expansion, while the deleveraging process frequently resulted in liquidation waves, creating massive volatility. However, in this round, the leverage spillover effect is relatively weak; even though Bitcoin’s turnover rate is high, the proportion of retail holdings has significantly decreased. Consequently, the entire secondary market, especially the altcoin market, remains in a relatively challenging phase.

    Sheldon: From the perspective of the US policy environment, the potential return of Trump could bring certain opportunities to the market. In the past, the US government’s regulatory model was primarily enforcement-driven, as the crypto industry has long lacked clear legal foundations. Enforcement mainly relied on securities laws and anti-money laundering regulations. Furthermore, multiple agencies (SEC, CFTC, DOJ, etc.) have regulated the crypto industry under a traditional financial framework, with a very tough stance. This multi-agency regulatory model has led to a significant outflow of domestic companies, causing market funds to remain in a prolonged wait-and-see state.

    Trump’s election, while not immediately resulting in new legislation, could positively influence the regulatory attitude. From the legislative process perspective, after a bill is proposed in the House, it needs to be reviewed by the Senate, followed by multiple rounds of amendments. Therefore, forming a stable regulatory framework will take a long time. However, the Trump administration’s attitude might bring short-term positive impacts on the market, especially for institutional investors who are currently hesitant, as this could serve as an important incentive, releasing suppressed market capital and the energy for product innovation.

    Currently, enforcement agencies maintain a strong crackdown on illegal activities and financial crimes in the crypto industry. However, in terms of securities regulation, especially regarding innovative businesses involving crypto assets, such as tokenization and DeFi compliance, there is a possibility of greater policy leniency. Overall, the trend suggests that the future US crypto industry will gain a more stable policy environment to a certain extent, rather than being in a high-pressure and uncertain state as in the past few years.

    Colin: But are you concerned that US policies may undergo drastic changes with party shifts? For instance, two or four years down the line, if Congress changes, could there be a significant reversal in policy direction?

    Sheldon: That possibility does exist, and it can even be said to be highly likely. This four-year period is better described as a postponement of enforcement rather than a cessation. For example, several crypto-related companies were prosecuted right before the election last year, and some significant fines and settlements were also finalized during Biden’s term. If political parties change again in four years, the likelihood of stricter regulatory policies remains high. 

    About BitMart
    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. New users can register here to unlock an $8,000+ welcome bonus.

    Disclaimer:
    Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results.

    The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network

  • MIL-Evening Report: West Papua liberation group demands Indonesia releases 12 arrested activists

    Asia Pacific Report

    A West Papuan liberation advocacy group has condemned the arrest of 12 activists by Indonesian police and demanded their immediate release.

    The West Papuan activists from the West Papua People’s Liberation Movement (GR-PWP) were arrested for handing out pamphlets supporting the new “Boycott Indonesia” campaign.

    The GR-PWP activists were arrested in Sentani and taken to Jayapura police station yesterday.

    In a statement by the United Liberation Movement for West Papua (ULMWP), interim president Benny Wenda, said the activists were still “in the custody of the brutal Indonesian police”.

    The arrested activists were named as:

    Ones M. Kobak, GR-PWP leader, Sentani District
    Elinatan Basini, deputy secretary, GR-PWP Central
    Dasalves Suhun, GR-PWP member
    Matikel Mirin, GR-PWP member
    Apikus Lepitalen, GR-PWP member
    Mane Kogoya, GR-PWP member
    Obet Dogopia, GR-PWP member
    Eloy Weya, GR-PWP member
    Herry Mimin, GR-PWP member
    Sem. R Kulka, GR-PWP member
    Maikel Tabo, GR-PWP member
    Koti Moses Uropmabin, GR-PWP member

    “I demand that the Head of Police release the Sentani 12 from custody immediately,” Wenda said.

    “This was an entirely peaceful action mobilising support for a peaceful campaign.

    “The boycott campaign has won support from more than 90 tribes, political organisations, religious and customary groups — people from every part of West Papua are demanding a boycott of products complicit in the genocidal Indonesian occupation.”

    Wenda said the arrest demonstrated the importance of the Boycott for West Papua campaign.

    “By refusing to buy these blood-stained products, ordinary people across the world can take a stand against this kind of repression,” he said.

    “I invite everyone to hear the West Papuan cry and join our boycott campaign. No profit from stolen land.”

    Source: ULMWP

    The arrested Sentani 12 activists holding leaflets for the Boycott for West Papua campaign. Image: ULMWP

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: 6 creative community galleries to check out

    Source: Auckland Council

    If Auckland was an artwork, it would be a vast tapestry woven with the colourful threads of the many cultures that make up its diverse population. There are heaps of ways for art lovers to explore the creative fabric of Tāmaki Makaurau, including public artworks and art trails, galleries and community centres.

    While Auckland Art Gallery Toi o Tāmaki is the epicentre of the city’s art scene, further afield there are community art galleries that showcase the vibrant work of artists from all fields and walks of life. The directors and curators from six local galleries share what makes their gallery.

    20 Hastings Road, Mairangi Bay

    Mairangi Arts Centre has an extensive workshop programme, including the popular pottery classes.

    What to expect: “Tucked away in the middle of Mairangi Bay, Mairangi Arts Centre (MAC) is a hidden gem, often overlooked by those passing by,” says Clint Taniguchi, general manager at MAC. “It holds a special place in the community as one of Auckland’s oldest art centres, boasting a rich legacy deeply intertwined with the local residents.

    “Mairangi Bay itself has a village atmosphere, and MAC plays a vital role in this close-knit community, fostering strong connections with local schools, organisations and businesses. It’s always heartwarming to hear from families who fondly remember taking art classes here as children, and who are now bringing their own children to experience the same joy of creative exploration.

    “There are three galleries: the Main Gallery, the smaller Hewson Gallery, and the MAC Artspace which is dedicated to exhibitions by our members. We also have four art studios, including a Clay Studio.”

    Get involved: Mairangi Arts Centre offers more than 60 classes and workshops throughout the year for children, youth and adults. Classes range from clay handbuilding and wheel throwing, to comic book illustration and painting classes.

    Something unexpected: Outside the facilities is Mairangi Arts Garden, a community-driven space dedicated to enriching native biodiversity.

    Don’t miss: “We will be participating in Auckland’s World Of Cultures festival with our exhibition and event Culture and Beyond. Following that, we will have a Pop Up! Cash n’ Carry exhibition in conjunction with an Open Day event in our garden. In May, we look forward to hosting exhibitions by the Korean Photography Association of New Zealand and an art collective, Dreamworks.”

    35 Uxbridge Road, Howick

    UXBRIDGE has an extensive kids’ arts programme with special events in the school holidays.

    What to expect: “We combine a number of wonderful facilities: art studios, workshops, theatre, art gallery, dance studio and a number of spaces for community hire,” explains director Paul Brobbel. “The building has an interesting history. Uxbridge began as Presbyterian church in the early 1900s and became an art centre in 1981. The church architecture (now the theatre) is the centre of Uxbridge’s identity. In 2016, a redevelopment merged the older architecture with the addition of modern offices, studios and a cafe.”

    Get involved: Uxbridge hosts a range of adult and children’s classes and workshops including its well-known painting, pottery and jewellery classes, plus popular new offerings such as bonsai and kintsugi workshops.

    Something unexpected: “Visit on a Saturday and you’ll see one of Auckland’s busiest places for art buzzing with dancing, workshops, children’s art and an amazing cafe. We’re in the heart of Howick with beautiful views of Hauraki Gulf and just minutes from the beach.”

    Don’t miss: “April sees our popular school holiday programme return with several workshops each day (some full-day options). We also have children’s films playing in the theatre. Our next term of classes also has some exciting workshops such as the return of pounamu carving and a new meditative drawing workshop, as well as Sculpting for Beginners with Shona Lyon.”

    Lopdell Precinct, 418 Titirangi Road, Titirangi

    The Upstairs Gallery on level one of Lopdell Precinct showcases artists such as Pusi Urale.

    What to expect: “We pride ourselves as being a gallery that supports local emerging talent, and our goal is to be a launching pad for future artists,” says co-director Carlos Vano. “We create an environment that’s welcoming but also provides a platform for artists to hone their skills of presentation to the community. We physically have a small gallery, so when people visit I like to tell them about other facilities in Lopdell Precinct such as the Don Binney artworks on permanent display in the hallway, Te Uru gallery next door, and the rooftop which has beautiful views of Manukau Harbour. There are also photos and information on the history of Lopdell House so visitors can learn more about the building itself.”

    Something unexpected: “We started with visual arts but soon found a need for expansion. We now hold movies, workshops, performance arts events, music gigs, pop-ups and artist talks. We are open to all groups and individuals that approach us.”

    Don’t miss: “We have a group show in April called Aspire which asks artists what your aspirations are? What would you like to happen with your future? We also have two solo shows in late April and May from Paola King-Borrero and Ahsin Ahsin.”

    420 Titirangi Road, Titirangi,

    Te Uru features several gallery spaces and is Auckland’s second largest art gallery.

    What to expect: “We are a beautiful six-storey building nestled at the foothills of the Waitākere Ranges,” says Te Uru director Adrienne Schierning. “We have six different gallery spaces, a purpose-built education space and a gallery shop. We’re open seven days a week, so visiting us is a great day out – perhaps on your way to one of the stunning west coast beaches or for a walk through Waitākere Ranges Regional Park. Entry to the gallery is free at all times.”

    Get involved: Te Uru offers after-school classes and holiday programmes for kids as well as creative kids’ birthday parties. There are also adult classes in a range of media (including Renaissance drawing and botanical watercolours) and one-off weekend workshops for adults such as raranga harakeke (flax weaving). Upcoming adults’ weekend workshops include an eco-paint and pastel making in April and a life drawing in May.

    Something unexpected: “People are often surprised by how big the gallery is and the architecture of the space. We are Tāmaki Makaurau’s second largest gallery. Often people don’t expect to see such an impressive facility in Titirangi. The architecture of the building is an artwork in its own right. Te Uru opened ten years ago and was designed by Mitchell Stout Dodd architects, and they won the New Zealand Architecture Award for Public Architecture for their work on Te Uru. The building has two impressive staircases at either end, and throughout it has a wonderful sense of openness and light. You get views of the bush and the harbour. Although you are inside a sturdy modern building you feel a connection to nature.”

    Don’t miss: Photosynthesisers: Women and the lens is a huge survey of 41 women artists including queer, trans women and fa’afafine from Aotearoa and Australia. Soft Spot is an exhibition of three artists from Aotearoa – Ming Ranginui, Claudia Kogachi and Erica von Zon. We will be opening Pauline Yearbury: Life in Forms on 3 May which is really exciting, and we also have Maungrongo Te Kawa exhibiting until 22 June.”

    2 Mt Lebanon Lane, Henderson

    Corban Estate Arts Centre in Henderson is the site of a former winery.

    What to expect: Luana Walker, kaiwhakahaere/director at Corban Estate, says, “We’ve got everything an arts lover could want: Galleries, artist studios, classrooms, heritage spaces for hire, a performing arts theatre, a historic homestead and even a glass-casting workroom.

    Plus a café for when creativity requires caffeine. Corban Estate has a rich past, from its days as a working winery to its transformation into a thriving arts hub. There’s a sense of history woven into the walls, and you can feel the creative energy of those who’ve passed through.

    “But my absolute favourite moment is seeing children spill out of our classroom spaces at the end of a workshop, clutching their freshly made creations with pure excitement,

    paint-covered hands, big smiles, and the kind of joy that reminds you why art matters.”

    Get involved: “If you can make it, paint it, cast it, carve it or sketch it, we probably teach it! Our workshops range from printmaking, abstract painting, contemporary embroidery, graffiti workshops, wet felting, sculpture and glass casting. Basically, if you can make a mess doing it, we probably run a class for it.”

    Something unexpected: “Corban Estate was once a fully operational winery, complete with a cellar and a theatrette. If walls could talk, these ones would have some fascinating fermentation tales to tell!

    “People are also often surprised by the sheer scale of the place. It’s not just a gallery, it’s a sprawling creative hub filled with studios, workrooms, performance spaces and a whole lot of artistic energy. It’s a place where history and innovation collide, proving that creativity, much like a good wine, only gets better with time.”

    Don’t miss: Kids Arts Festival – Celebrating Colour is happening on 5 April, bringing a vibrant explosion of creativity for all ages. From 1-24 April we’re featuring Rainbow Machine, a mobile artwork and part of the Auckland Council Public Art Collection.

    “There’s also The Great Snake Search, a free holiday trail winding through the estate in honour of the Year of the Snake, and Dragon Boat Festival Family Day, a cultural celebration full of storytelling, craft, and connection.”

    5/46 Fair Mall, Ōtara

    Fresh Gallery Ōtara holds scheduled monthly exhibitions of contemporary Pacific art.

    What to expect: Fresh Gallery Ōtara is an art space showcasing contemporary Pasifika artists and exhibitions relevant to the gallery’s location and its communities. The exhibitions change every six to seven weeks, offering fresh and diverse works throughout the year.

    Everything apart from the permanent furniture changes regularly. Fresh Gallery was established in 2006 as a partnership between Manukau City Council and the Ōtara community. The gallery’s program includes emerging solo artists, local school groups and collaborative group exhibitions, showcasing a variety of artistic voices and perspectives.

    Get involved: Fresh Gallery regularly holds workshops that are of interest to the local community such as a recent virtual reality and mixed media workshop held by Shivani Karan. Check out Fresh Gallery’s Facebook page for upcoming events. The public programs run alongside our exhibitions, providing opportunities for the community to engage with artists, learn more about their work and participate in creative discussions and activities.

    Something unexpected: Fresh Gallery is located next to the Ōtara Flea Market and every Saturday the town centre area is packed with people and stalls.

    Don’t miss: In April, Fresh Gallery Ōtara has an exhibition by Sean Hill, titled Sequencergy, running until 12 April. In May, the gallery will present an exhibition by Marie Mapa until May 24.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Release: Luxon quick to give away principled position on nukes

    Source: New Zealand Labour Party

    Christopher Luxon seems to have thrown New Zealand’s principled anti-nuclear advocacy under a bus.

    New Zealand has long opposed India’s entry into the Nuclear Suppliers Group, but the Prime Minister has walked that back in the India-New Zealand joint statement.

    “The Government appears to have abandoned New Zealand’s long held objection to India joining the Nuclear Suppliers Group. New Zealand along with Ireland, Austria and China have opposed India joining the group because it has not signed the Nuclear Non-Proliferation Treaty (NPT),” Labour’s disarmament spokesperson Phil Twyford said.

    “The Nuclear Suppliers Group aims to ensure nuclear trade for peaceful purposes does not contribute to the proliferation of nuclear weapons and its rules require members to have signed the NPT.

    “In his haste to get trade talks underway it seems Christopher Luxon has given away our position on a significant anti-nuclear issue. He needs to understand that having an independent foreign policy means we sometimes differ with our friends and trading partners on matters of principle.

    “We’re very proud of our nuclear-free status, however Luxon seems to have folded without much consultation or thought. Shame on him,” Phil Twyford said.


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    MIL OSI New Zealand News

  • MIL-OSI United Nations: Resumed Hostilities, Blocked Aid Destroying Ceasefire Gains in Gaza, Security Council Hears

    Source: United Nations General Assembly and Security Council

    As Israel resumes airstrikes over Gaza and blocks entry of humanitarian aid into the Strip, the modest gains made during the ceasefire are being destroyed, Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, told the Security Council today.

    “Overnight, our worst fears materialized,” he added, noting unconfirmed reports of hundreds of people killed on 17 March.  Recalling his recent visit to the Occupied Palestinian Territory and Israel in February, he said that — despite the devastation he saw — “my trip coincided with some of Gaza’s better days” because a ceasefire was in place and humanitarians were delivering hundreds of trucks every day.  “Not anymore,” he reported.

    Since 2 March, Israeli authorities have halted the entry of all lifesaving supplies, including food, medicine, fuel and cooking gas, for 2.1 million people.  Repeated requests to collect aid sitting at the Karem Shalom border crossing have also been systematically rejected, no further hostages have been released and Israel has cut power to southern Gaza’s desalination plant, limiting access to clean water for 600,000 people.

    Further, international staff of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) are no longer able to rotate into and out of Gaza due to recent Knesset legislation.  He also highlighted new registration rules for international non-governmental organizations, as well as a law under consideration to impose high taxes on donations from third States to Israeli humanitarian and human-rights groups.

    Also pointing to the urgent crisis in the West Bank, he said that 95 Palestinians have been killed, including 17 children, since the start of 2025.  Additionally, Israeli military operations in the northern West Bank have displaced 40,000 Palestinians, while hundreds of Israeli settlers have launched large-scale attacks on Palestinian villages.  Outlining three urgent asks, he called on the Council to enable the entry of humanitarian aid and commercial essentials into Gaza, renew the ceasefire and fund the humanitarian response.

    Palestine Says Death Returns to Gaza, Israel Says Hamas Responsible

    The Permanent Observer for the State of Palestine, noting that this meeting was initially called to discuss Gaza’s humanitarian situation, added:  “Now we gather here after a series of deadly Israeli attacks that killed, last night alone, hundreds of Palestinians.”  Bombardment, death, devastation, fire and fear are yet again spreading throughout Gaza, he said.

    “Ceasefire works — it is the only thing that does,” he stressed, stating that it stopped the bloodshed, allowed the release of hostages and prisoners and enabled the delivery of humanitarian aid.  Unilateral, self-serving and irresponsible decisions cannot be used as excuses for breaking it.  “While the Trump Administration has prioritized the release of hostages, it is evident that [Prime Minister of Israel Benjamin] Netanyahu’s concern for his political survival far outweighs his concern for the survival of the hostages,” he added.

    The Arab Summit endorsed a clear vision and a solid plan for a different trajectory for Gaza and Palestine — “these efforts should be supported, not compromised and sabotaged”, he urged.  The international community must also support the Palestinian Government’s assumption of its responsibilities throughout the Occupied Palestinian Territory, the deployment of a UN-mandated mission throughout the Territory, a permanent ceasefire and the two-State solution.  “This is a historical moment, where everyone must choose where they stand and what vision they want to see prevail,” he said.

    However, Israel’s representative stressed that “the return to fighting is a necessity”, reaffirming his country’s commitment to bring home its hostages and defeat Hamas.  Hamas has refused to release hostages and has repeatedly rejected all offers by the United States and mediating countries — even during Ramadan — he said, spotlighting the Israel Defense Forces’ precise attacks on Hamas targets.

    For months, Israel took unprecedented steps to facilitate humanitarian aid into Gaza, he asserted, adding that these efforts are “not speculation, not political rhetoric”; they are “documented, verifiable and confirmed by the organizations distributing and supplying the aid”.  The hostages still held in brutal captivity by Hamas should be paramount for those truly concerned about humanitarian crises, he said, adding:  “Any discussion of humanitarian suffering that does not begin with the hostage release is not an honest discussion.”

    “The slander that the people of Gaza are currently starving is quite simply untrue,” he continued, stating that “claims that electricity cut-off has plunged Gaza into humanitarian collapse are greatly exaggerated”. Rather, any suffering in Gaza is due to Hamas’ hijacking of aid for its violent ends.  Pointing to certain Council members’ efforts to malign Israel, he stressed:  “If this Council wishes to address suffering, then it must demand the immediate and unconditional release of the hostages.”

    Some Council Members Also Point to Hamas

    Along similar lines, the representative of United States emphasized that the blame for resumed hostilities lies solely with Hamas, which has steadfastly refused “every proposal and deadline they’ve been presented”.  Hamas prefers to hold hostages captive and hide amongst the people of Gaza, she said, dismissing the allegation of indiscriminate attacks by the Israel Defense Forces.  Underlining the need to tackle Iran’s “malign influence and State sponsorship of terror”, she said that Middle Eastern countries have an “historic opportunity to reshape their region”.

    Echoing that, Panama’s delegate said that the suffering in Gaza is the direct consequence of Hamas’ extremist actions, “which unleashed this tragic spiral of violence”.  He, too, condemned Hamas’ current refusal to meet the commitments agreed upon and release additional hostages.

    France’s representative highlighted the international conference to be held in June, chaired by his country and Saudi Arabia, on the implementation of the two-State solution.  The reconstruction plan for Gaza put forward by the Arab League must exclude Hamas from Gaza’s governance, he said.  “The terrorist attacks committed by Hamas and other terrorist groups on 7 October 2023 constitute the worst anti-Semitic massacre since the Shoah”, and he therefore reaffirmed France’s solidarity with the Israeli people.

    Others Point to Israel’s Responsibility as Occupying Power

    Algerians understand the cruelty of occupation “because we endured it for over 130 years”, that country’s delegate recalled.  “This deliberate blockade, timed to coincide with the holy month of Ramadan, is a calculated effort to break the resilience of the Palestinian people,” he stressed.  Further, he observed that “the Israeli occupying Power is using water — yes, water — as a weapon of war.”  Once again, Palestinian blood has become a tool for the calculations of Israeli politicians, and he called on mediator countries to ensure compliance with the ceasefire.

    Blocking trucks, cutting off electricity, mistreating non-governmental organizations, preventing Muslims from accessing the Aqsa Mosque compound — “these are all tactics of the oppressor”, stated Pakistan’s representative.  The manner in which the Council and the international community respond to such atrocities will have a lasting impact on the nature of the world order.  He also pointed out that international humanitarian law prohibits targeting military targets in civilian facilities. 

    The Republic of Korea’s representative said that Hamas’ refusal to carry out its obligations does not justify blocking humanitarian aid or using it as a bargaining chip.  He cited Under-Secretary-General Fletcher’s remarks during a 12 March press briefing:  “I said to my colleague:  Why are the dogs so fat?  And he said:  Because the dogs are looking for corpses.”  Israel must immediately cease its offensive, he stressed, urging all parties to return to the negotiating table.

    The representative of Denmark, Council President for March, spoke in her national capacity to spotlight Israel’s obligation, as the occupying Power, to ensure that the civilian population does not lack food or other basic needs, including water.  Sierra Leone’s delegate also noted that Israel, as the occupying Power, has obligations under the Fourth Geneva Convention and international humanitarian law.

    They, along with the representatives of the United Kingdom and China, were among the many speakers who underscored the need for an immediate ceasefire.  Somalia’s speaker, expressing concern that Israeli strikes in Gaza were taking place during the Muslim holy month of Ramadan, also said that worshipers at the Aqsa Mosque compound must be able to freely and safely perform their religious rituals.  The Russian Federation’s delegate warned against delays, noting that many have died because of the Council’s earlier inability to decide on a ceasefire.

    Several speakers condemned Israel’s decision to halt humanitarian aid into Gaza.  “This decision is illegal,” emphasized Guyana’s representative, who also highlighted the impact on women — many have died from complications related to pregnancy and childbirth because of the restrictions.  She also noted the 13 March report of the independent international commission of inquiry on the Occupied Palestinian Territory, which points to Israel’s systematic use of sexual, reproductive and other forms of gender-based violence since 7 October 2023.

    Slovenia’s representative, noting that it is roughly one year since the International Court of Justice issued provisional measures relating to humanitarian aid, famine and starvation in the case brought forward by South Africa, said that it is unacceptable that “our conversations are still the same”. 

    Greece’s delegate added that UNRWA’s role is indispensable with millions in urgent need of primary health services, education and shelter.  “War has not left the next generation in Gaza untouched,” he said, noting that thousands of children died, were injured or separated from their families and internally displaced.  The unhindered and continuous flow of aid into all parts of Gaza should remain a priority, and he also voiced support for the Arab plan put forth by Egypt.

    Also speaking today was the Permanent Observer of the League of Arab States, who urged implementation of the first phase of that plan, adopted during an Arab League meeting in Cairo and later endorsed by a ministerial meeting of the Organization of Islamic Cooperation (OIC).  He also urged the Council to activate international oversight mechanisms to guarantee the safe and sustainable delivery of aid and ensure the protection of Palestinian civilians.

    MIL OSI United Nations News

  • MIL-OSI: LexinFintech Holdings Ltd. Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, March 18, 2025 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended December 31, 2024.

    Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, commented, “The company remains committed to its prudent operating strategy and has achieved solid progress in its transformation, with key performance indicators showing continuous improvement.

    For the fourth quarter, net income was RMB363 million, representing an increase of about 17% quarter-over-quarter, marking the fourth consecutive quarter of improved profitability. Total loan origination reached RMB52 billion, representing approximately a 2% quarter-over-quarter increase, and outstanding loan balance stood at RMB110 billion, all in line with our guidance.

    As we advanced our risk management upgrading, we were pleased to see a continuous improvement in asset quality, evidenced by the decline in risk indicators of both newly originated and overall assets. This consistent enhancement in asset quality, along with ongoing operational refinements, has contributed to our sustainable profit growth.

    Looking ahead to 2025, in light of the current macroeconomic and industry landscape, we will adhere to our prudent operating strategy, prioritizing asset quality and focusing on profitability enhancement. With this approach, we expect to sustain steady growth in our performance.

    In accordance with our semi-annual dividend policy, the board of directors has approved a dividend of US$0.11 per ADS, representing 20% of net income from the second half of 2024. Effective from January 1, 2025, our cash dividend payout ratio will be raised to 25% of net income.”

    Mr. James Zheng, Chief Financial Officer of Lexin, commented, “Building upon the solid foundation of the third quarter, we recorded a net income of RMB363 million in the fourth quarter, representing a 17% increase compared to last quarter and 54% increase compared to the net income adjusted for the investment losses in the same period last year, further extending our stable growth trajectory. The net income take rate, calculated as net income divided by the average loan balance, increased from 1.09% in the third quarter to 1.31% in the fourth quarter of 2024, advancing by 22 basis points.”

    “Driven by the ongoing optimization of asset quality, further reduction in funding costs, a more balanced revenue mix, and improvement in customer acquisition efficiency, our revenue take rate and net income have continued to improve.”

    “Having achieved substantial progress in our transformation, we will continue to execute our prudent operating strategy. Looking ahead, we expect flat to single-digit growth of total loan origination in 2025 in view of the macroeconomic conditions, alongside a significant year-over-year increase in net income driven by margin expansion.”

    Fourth Quarter and Full Year 2024 Operational Highlights:

    User Base

    • Total number of registered users reached 228 million as of December 31, 2024, representing an increase of 8.6% from 210 million as of December 31, 2023, and users with credit lines reached 45.1 million as of December 31, 2024, up by 6.8% from 42.3 million as of December 31, 2023.
    • Number of active users1 who used our loan products in the fourth quarter of 2024 was 4.7 million, representing a decrease of 0.7% from 4.7 million in the fourth quarter of 2023. Number of active users1 who used our loan products in 2024 was 8.2 million, representing a decrease of 4.3% from 8.5 million in 2023.
    • Number of cumulative borrowers with successful drawdown was 33.8 million as of December 31, 2024, an increase of 7.1% from 31.5 million as of December 31, 2023.

    Loan Facilitation Business

    • As of December 31, 2024, we cumulatively originated RMB1,325.1 billion in loans, an increase of 19.1% from RMB1,113.1 billion as of December 31, 2023.
    • Total loan originations2 in the fourth quarter of 2024 was RMB52.0 billion, a decrease of 15.2% from RMB61.2 billion in the fourth quarter of 2023. Total loan originations2 in 2024 was RMB212 billion, a decrease of 15.0% from RMB250 billion in 2023.
    • Total outstanding principal balance of loans3 reached RMB110 billion as of December 31, 2024, representing a decrease of 11.1% from RMB124 billion as of December 31, 2023.

    Credit Performance4

    • 90 day+ delinquency ratio was 3.6% as of December 31, 2024, as compared with 3.7% as of September 30, 2024.
    • First payment default rate (30 day+) for new loan originations was below 1% as of December 31, 2024.

    Tech-empowerment Service

    • For the fourth quarter of 2024, we served over 100 business customers with our tech-empowerment service.
    • In the fourth quarter of 2024, the business customer retention rate5 of our tech-empowerment service was over 80%.

    Installment E-commerce Platform Service

    • GMV6 in the fourth quarter of 2024 for our installment e-commerce platform service was RMB969 million, representing a decrease of 25.0% from RMB1,292 million in the fourth quarter of 2023. GMV6 in 2024 for our installment e-commerce platform service was RMB3,633 million, representing a decrease of 31.3% from RMB5,289 million in 2023.
    • In the fourth quarter of 2024, our installment e-commerce platform service served over 280,000 users and 400 merchants.

    Other Operational Highlights

    • The weighted average tenor of loans originated on our platform in the fourth quarter of 2024 was approximately 13.1 months, as compared with 12.3 months in the fourth quarter of 2023. The weighted average tenor of loans originated on our platform in 2024 was approximately 12.9 months, as compared with 13.8 months in 2023.
    • Repeated borrowers’ contribution7 of loans across our platform for the fourth quarter of 2024 was 85.3%. Repeated borrowers’ contribution7 of loans across our platform for 2024 was 85.7%.

    Fourth Quarter 2024 Financial Highlights:

    • Total operating revenue was RMB3,659 million, representing an increase of 4.3% from the fourth quarter of 2023.
    • Credit facilitation service income was RMB2,712 million, representing a decrease of 0.5% from the fourth quarter of 2023. Tech-empowerment service income was RMB602 million, representing an increase of 41.0% from the fourth quarter of 2023. Installment e-commerce platform service income was RMB345 million, representing a decrease of 2.9% from the fourth quarter of 2023.
    • Net income attributable to ordinary shareholders of the Company was RMB363 million, representing an increase of over 100% from the fourth quarter of 2023. Net income per ADS attributable to ordinary shareholders of the Company was RMB2.06 on a fully diluted basis.
    • Adjusted net income attributable to ordinary shareholders of the Company8 was RMB391 million, representing an increase of 37.7% from the fourth quarter of 2023. Adjusted net income per ADS attributable to ordinary shareholders of the Company8 was RMB2.22 on a fully diluted basis.

    Full Year 2024 Financial Highlights:

    • Total operating revenue was RMB14,204 million, representing an increase of 8.8% from 2023.
    • Credit facilitation service income was RMB11,000 million, representing an increase of 13.8% from 2023. Tech-empowerment service income was RMB1,881 million, representing an increase of 14.7% from 2023. Installment e-commerce platform service income was RMB1,322 million, representing a decrease of 24.5% from 2023.
    • Net income attributable to ordinary shareholders of the Company was RMB1,100 million, representing an increase of 3.2% from 2023. Net income per ADS attributable to ordinary shareholders of the Company was RMB6.49 on a fully diluted basis.
    • Adjusted net income attributable to ordinary shareholders of the Company8 was RMB1,203 million, representing a decrease of 19.0% from 2023. Adjusted net income per ADS attributable to ordinary shareholders of the Company8 was RMB7.09 on a fully diluted basis.

    __________________________

    1. Active users refer to, for a specified period, users who made at least one transaction during that period through our platform or through our third-party partners’ platforms using the credit line granted by us.
    2. Total loan originations refer to the total principal amount of loans facilitated and originated during the given period.
    3. Total outstanding principal balance of loans refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, excluding loans delinquent for more than 180 days.
    4. Loans under Intelligent Credit Platform are excluded from the calculation of credit performance. Intelligent Credit Platform (ICP) is an intelligent platform on our “Fenqile” app, under which we match borrowers and financial institutions through big data and cloud computing technology. For loans facilitated through ICP, the Company does not bear principal risk.
    5. Customer retention rate refers to the number of financial institution customers and partners who repurchase our service in the current quarter as a percentage of the total number of financial institution customers and partners in the preceding quarter.
    6. GMV refers to the total value of transactions completed for products purchased on our e-commerce and Maiya channel, net of returns.
    7. Repeated borrowers’ contribution for a given period refers to the principal amount of loans borrowed during that period by borrowers who had previously made at least one successful drawdown as a percentage of the total loan facilitation and origination volume through our platform during that period.
    8. Adjusted net income attributable to ordinary shareholders of the Company, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures Statement” and the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.

    Fourth Quarter 2024 Financial Results:

    Operating revenue increased by 4.3% from RMB3,509 million in the fourth quarter of 2023 to RMB3,659 million in the fourth quarter of 2024.

    Credit facilitation service income was RMB2,712 million in the fourth quarter of 2024 as compared to RMB2,727 million in the fourth quarter of 2023. The decrease was driven by the decrease in guarantee income, partially offset by the increases in loan facilitation and servicing fees-credit oriented and financing income.

    Loan facilitation and servicing fees-credit oriented increased by 4.2% from RMB1,559 million in the fourth quarter of 2023 to RMB1,624 million in the fourth quarter of 2024. The increase was primarily driven by the increase in takerate of loan facilitation business.

    Guarantee income decreased by 18.6% from RMB709 million in the fourth quarter of 2023 to RMB577 million in the fourth quarter of 2024. The decrease was primarily due to the decrease of outstanding balances in the off-balance sheet loans funded by certain institutional funding partners, which are accounted for under ASC 460, Guarantees

    Financing income increased by 11.2% from RMB459 million in the fourth quarter of 2023 to RMB510 million in the fourth quarter of 2024. The increase was primarily driven by the increase in the origination of on-balance sheet loans.

    Tech-empowerment service income increased by 41.0% from RMB427 million in the fourth quarter of 2023 to RMB602 million in the fourth quarter of 2024. The increase was primarily driven by the increase of loan facilitation volume through ICP.

    Installment e-commerce platform service income was RMB345 million in the fourth quarter of 2024, as compared to RMB356 million in the fourth quarter of 2023.

    Cost of sales was RMB353 million in the fourth quarter of 2024, as compared to RMB344 million in the fourth quarter of 2023.

    Funding cost decreased by 24.6% from RMB76.2 million in the fourth quarter of 2023 to RMB57.5 million in the fourth quarter of 2024, which was primarily driven by the decrease in the cost of funding to fund the on-balance sheet loans.

    Processing and servicing costs increased by 13.4% from RMB514 million in the fourth quarter of 2023 to RMB583 million in the fourth quarter of 2024. This increase was primarily due to an increase in risk management and collection expenses.

    Provision for financing receivables was RMB297 million for the fourth quarter of 2024, as compared to RMB180 million for the fourth quarter of 2023. The increase was primarily due to the increase of the outstanding loan balances of on-balance sheet loans.

    Provision for contract assets and receivables was RMB154 million in the fourth quarter of 2024, as compared to RMB203 million in the fourth quarter of 2023. The decrease was primarily driven by the decrease of the outstanding loan balances of off-balance sheet loans.

    Provision for contingent guarantee liabilities was RMB941 million in the fourth quarter of 2024, as compared to RMB934 million in the fourth quarter of 2023.

    Gross profit was RMB1,274 million in the fourth quarter of 2024, as compared to RMB1,258 million in the fourth quarter of 2023.

    Sales and marketing expenses was RMB464 million in the fourth quarter of 2024, as compared to RMB430 million in the fourth quarter of 2023. This increase was primarily due to an increase in online advertising costs.

    Research and development expenses was RMB151 million in the fourth quarter of 2024, as compared to RMB136 million in the fourth quarter of 2023. The increase was primarily due to increased investment in technology development.

    General and administrative expenses decreased by 12.0% from RMB108 million in the fourth quarter of 2023 to RMB95.3 million in the fourth quarter of 2024, primarily as a result of the Company’s expense control measures.

    Change in fair value of financial guarantee derivatives and loans at fair value was a loss of RMB144 million in the fourth quarter of 2024, as compared to a loss of RMB248 million in the fourth quarter of 2023. The change was primarily due to the fair value loss from the re-measurement of the expected loss rates, partially offset by the fair value gains realized as a result of the release of guarantee obligation.

    Income tax expense was RMB67.6 million in the fourth quarter of 2024, as compared to income tax benefit of RMB9.7 million in the fourth quarter of 2023. The change was primarily due to the increase of income before income tax expense.

    Net income increased over 100% from RMB12.1 million in the fourth quarter of 2023 to RMB363 million in the fourth quarter of 2024.

    Full Year 2024 Financial Results:

    Operating revenue increased by 8.8% from RMB13,057 million in 2023 to RMB14,204 million in 2024.

    Credit facilitation service income increased by 13.8% from RMB9,666 million in 2023 to RMB11,000 million in 2024. The increase was driven by the increases in loan facilitation and servicing fees-credit oriented and guarantee income, partially offset by the decrease in financing income.

    Loan facilitation and servicing fees-credit oriented increased by 26.5% from RMB5,002 million in 2023 to RMB6,326 million in 2024. The increase was primarily due to the increase in takerate of loan facilitation business.

    Guarantee income increased by 5.7% from RMB2,519 million in 2023 to RMB2,664 million in 2024. The increase was primarily due to the increase in cumulative loan origination funded by certain institutional funding partners, which are accounted for under ASC 460, Guarantees.

    Financing income decreased by 6.3% from RMB2,145 million in 2023 to RMB2,010 million in 2024. The decrease was primarily due to the decrease in the origination of on-balance sheet loans.

    Tech-empowerment service income increased by 14.7% from RMB1,640 million in 2023 to RMB1,881 million in 2024. The increase was primarily due to the increase of loan facilitation volume through ICP.

    Installment e-commerce platform service income decreased by 24.5% from RMB1,751 million in 2023 to RMB1,322 million in 2024. The decrease was primarily due to the decrease in transaction volume in 2024.

    Cost of sales decreased by 19.3% from RMB1,636 million in 2023 to RMB1,320 million in 2024, which was consistent with the decrease in installment e-commerce platform service income.

    Funding cost decreased by 36.5% from RMB514 million in 2023 to RMB326 million in 2024, which was primarily driven by the decrease in the cost of funding to fund the on-balance sheet loans.

    Processing and servicing costs increased by 18.4% from RMB1,935 million in 2023 to RMB2,292 million in 2024. This increase was primarily due to an increase in risk management and collection expenses.

    Provision for financing receivables was RMB866 million in 2024, as compared to RMB627 million in 2023. The increase was primarily due to the increase of the outstanding loan balances of on-balance sheet loans.

    Provision for contract assets and receivables was RMB718 million in 2024, as compared to RMB629 million in 2023. The increase was primarily due to the increase of the outstanding loan balances of off-balance sheet loans.

    Provision for contingent guarantee liabilities was RMB3,656 million in 2024, as compared to RMB3,203 million in 2023. The fluctuation was primarily due to the re-measurement of the expected loss rates, which are accounted for under ASC 460, Guarantees.

    Gross profit increased by 11.4% from RMB4,513 million in 2023 to RMB5,026 million in 2024.

    Sales and marketing expenses was RMB1,787 million in 2024, as compared to RMB1,733 million in 2023.

    Research and development expenses was RMB578 million in the quarter of 2024, as compared to RMB513 million in 2023. The increase was primarily due to increased investment in technology development.

    General and administrative expenses was RMB374 million in 2024, as compared to RMB387 million in 2023.

    Change in fair value of financial guarantee derivatives and loans at fair value was a loss of RMB979 million in 2024, as compared to a loss of RMB206 million in 2023. The change was primarily due to the fair value loss from the re-measurement of the expected loss rates, partially offset by the fair value gains realized as a result of the release of guarantee obligation.

    Income tax expense was RMB253 million in 2024, as compared to RMB261 million in 2023. The change was primarily due to the decrease of effective tax rate.

    Net income increased by 3.2% from RMB1,066 million in 2023 to RMB1,100 million in the 2024.

    Recent Development

    Semi-Annual Dividend
    The board of directors of the Company has approved a dividend of US$0.055 per ordinary share, or US$0.11 per ADS, for the six-month period ended December 31, 2024 in accordance with the Company’s dividend policy, which is expected to be paid on May 16, 2025 to shareholders of record (including holders of ADSs) as of the close of business on April 17, 2025 New York time.

    Outlook
    Looking ahead, while our performance continues to demonstrate positive momentum, we remain prudent in light of ongoing macroeconomic uncertainties. Therefore, for full year 2025, we expect total loan origination to have flat to single-digit year-on-year growth depending on the macroeconomic conditions, alongside a significant increase in net income driven by continuing improvement in asset quality. These forecasts are subject to the impact of macroeconomic factors, and the company may adjust its performance outlook as appropriate based on evolving circumstances.

    Conference Call

    The Company’s management will host an earnings conference call at 10:00 PM U.S. Eastern time on March 18, 2025 (10:00 AM Beijing/Hong Kong time on March 19, 2025).

    Participants who wish to join the conference call should register online at:

    https://register-conf.media-server.com/register/BI6702756dbdb741f9b401c583a37bd291

    Once registration is completed, each participant will receive the dial-in number and a unique access PIN for the conference call.

    Participants joining the conference call should dial in at least 10 minutes before the scheduled start time.

    A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.lexin.com.

    About LexinFintech Holdings Ltd.

    We are a leading credit technology-empowered personal financial service enabler. Our mission is to use technology and risk management expertise to make financing more accessible for young generation consumers. We strive to achieve this mission by connecting consumers with financial institutions, where we facilitate through a unique model that includes online and offline channels, installment consumption platform, big data and AI driven credit risk management capabilities, as well as smart user and loan management systems. We also empower financial institutions by providing cutting-edge proprietary technology solutions to meet their needs of financial digital transformation.

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

    To follow us on Twitter, please go to: https://twitter.com/LexinFintech.

    Use of Non-GAAP Financial Measures Statement

    In evaluating our business, we consider and use adjusted net income attributable to ordinary shareholders of the Company, non-GAAP EBIT, adjusted net income per ordinary share and per ADS attributable to ordinary shareholders of the Company, four non-GAAP measures, as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define adjusted net income attributable to ordinary shareholders of the Company as net income attributable to ordinary shareholders of the Company excluding share-based compensation expenses, interest expense associated with convertible notes, and investment income/(loss) and we define non-GAAP EBIT as net income excluding income tax expense, share-based compensation expenses, interest expense, net, and investment income/(loss).

    We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Adjusted net income attributable to ordinary shareholders of the Company enables our management to assess our operating results without considering the impact of share-based compensation expenses, interest expense associated with convertible notes, and investment income/(loss). Non-GAAP EBIT, on the other hand, enables our management to assess our operating results without considering the impact of income tax expense, share-based compensation expenses, interest expense, net, and investment income/(loss). We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance. These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP.

    These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT is that they do not reflect all items of income and expense that affect our operations. Share-based compensation expenses, interest expense associated with convertible notes, income tax expense, interest expense, net, and investment income/(loss) have been and may continue to be incurred in our business and are not reflected in the presentation of adjusted net income attributable to ordinary shareholders of the Company and non-GAAP EBIT. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

    We compensate for these limitations by reconciling each of the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.

    Exchange Rate Information Statement

    This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2993 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on December 31, 2024. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Lexin’s beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “ expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the expectation of the collection efficiency and delinquency, business outlook and quotations from management in this announcement, contain forward-looking statements. Lexin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Lexin’s goal and strategies; Lexin’s expansion plans; Lexin’s future business development, financial condition and results of operations; Lexin’s expectation regarding demand for, and market acceptance of, its credit and investment management products; Lexin’s expectations regarding keeping and strengthening its relationship with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Lexin’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Lexin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor and media inquiries, please contact:

    LexinFintech Holdings Ltd.
    IR inquiries:
    Will Tan
    Tel: +86 (755) 3637-8888 ext. 6258
    E-mail: willtan@lexin.com

    Media inquiries:
    Ruifeng Xu
    Tel: +86 (755) 3637-8888 ext. 6993
    E-mail: media@lexin.com

    SOURCE LexinFintech Holdings Ltd.

    LexinFintech Holdings Ltd.
    Unaudited Condensed Consolidated Balance Sheets


      As of  
    (In thousands) December 31, 2023   December 31, 2024  
      RMB   RMB   US$  
    ASSETS            
    Current Assets            
    Cash and cash equivalents   2,624,719     2,254,213     308,826  
    Restricted cash   1,433,502     1,638,479     224,471  
    Restricted term deposit and short-term investments   305,182     138,497     18,974  
    Short-term financing receivables, net(1)   3,944,000     4,668,715     639,611  
    Short-term contract assets and receivables, net(1)   6,112,981     5,448,057     746,381  
    Deposits to insurance companies and guarantee companies   2,613,271     2,355,343     322,681  
    Prepayments and other current assets   1,428,769     1,321,340     181,024  
    Amounts due from related parties   6,989     61,722     8,456  
    Inventories, net   33,605     22,345     3,061  
    Total Current Assets   18,503,018     17,908,711     2,453,485  
    Non-current Assets            
    Restricted cash   144,948     100,860     13,818  
    Long-term financing receivables, net(1)   200,514     112,427     15,402  
    Long-term contract assets and receivables, net(1)   599,818     317,402     43,484  
    Property, equipment and software, net   446,640     613,110     83,996  
    Land use rights, net   897,267     862,867     118,212  
    Long‑term investments   255,003     284,197     38,935  
    Deferred tax assets   1,232,092     1,540,842     211,094  
    Other assets   861,491     500,363     68,549  
    Total Non-current Assets   4,637,773     4,332,068     593,490  
    TOTAL ASSETS   23,140,791     22,240,779     3,046,975  
                 
    LIABILITIES            
    Current liabilities            
    Accounts payable   49,801     74,443     10,199  
    Amounts due to related parties   2,958     10,927     1,497  
    Short‑term borrowings   502,013     690,772     94,635  
    Short‑term funding debts   3,483,196     2,754,454     377,359  
    Deferred guarantee income   1,538,385     975,102     133,588  
    Contingent guarantee liabilities   1,808,540     1,079,000     147,822  
    Accruals and other current liabilities   4,434,254     4,019,676     550,691  
    Convertible notes   505,450          
    Total Current Liabilities   12,324,597     9,604,374     1,315,791  
    Non-current Liabilities            
    Long-term borrowings   524,270     585,024     80,148  
    Long‑term funding debts   455,800     1,197,211     164,017  
    Deferred tax liabilities   75,340     91,380     12,519  
    Other long-term liabilities   50,702     22,784     3,121  
    Total Non-current Liabilities   1,106,112     1,896,399     259,805  
    TOTAL LIABILITIES   13,430,709     11,500,773     1,575,596  
    Shareholders’ equity:            
    Class A Ordinary Shares   199     205     31  
    Class B Ordinary Shares   41     41     7  
    Treasury stock   (328,764 )   (328,764 )   (45,040 )
    Additional paid-in capital   3,204,961     3,314,866     454,134  
    Statutory reserves   1,106,579     1,178,309     161,428  
    Accumulated other comprehensive income   (13,545 )   (29,559 )   (4,050 )
    Retained earnings   5,740,611     6,604,908     904,869  
    Total shareholders’ equity   9,710,082     10,740,006     1,471,379  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   23,140,791     22,240,779     3,046,975  

    __________________________
    (1) Short-term financing receivables, net of allowance for credit losses of RMB58,594 and RMB102,124 as of December 31, 2023 and December 31, 2024, respectively.

    Short-term contract assets and receivables, net of allowance for credit losses of RMB436,136 and RMB409,590 as of December 31, 2023 and December 31, 2024, respectively.

    Long-term financing receivables, net of allowance for credit losses of RMB3,087 and RMB1,820 as of December 31, 2023 and December 31, 2024, respectively.

    Long-term contract assets and receivables, net of allowance for credit losses of RMB61,838 and RMB30,919 as of December 31, 2023 and December 31, 2024, respectively.

    LexinFintech Holdings Ltd.
    Unaudited Condensed Consolidated Statements of Operations


      For the Three Months Ended December 31,     For the Year Ended December 31,  
    (In thousands, except for share and per share data) 2023   2024     2023   2024  
      RMB   RMB   US$     RMB   RMB   US$  
    Operating revenue:                          
    Credit facilitation service income 2,727,020     2,712,066     371,552       9,666,120     10,999,931     1,506,984  
    Loan facilitation and servicing fees-credit oriented 1,558,588     1,624,410     222,543       5,001,881     6,325,924     866,648  
    Guarantee income 709,422     577,168     79,072       2,519,284     2,663,824     364,942  
    Financing income 459,010     510,488     69,937       2,144,955     2,010,183     275,394  
    Tech-empowerment service income 426,882     601,693     82,432       1,640,453     1,881,376     257,747  
    Installment e-commerce platform service income 355,534     345,074     47,275       1,750,509     1,322,287     181,153  
    Total operating revenue 3,509,436     3,658,833     501,259       13,057,082     14,203,594     1,945,884  
    Operating cost                          
    Cost of sales (344,088 )   (352,749 )   (48,326 )     (1,635,635 )   (1,319,526 )   (180,774 )
    Funding cost (76,195 )   (57,471 )   (7,873 )     (513,869 )   (326,451 )   (44,724 )
    Processing and servicing cost (514,070 )   (583,119 )   (79,887 )     (1,935,016 )   (2,291,904 )   (313,990 )
    Provision for financing receivables (180,475 )   (296,741 )   (40,653 )     (627,061 )   (865,524 )   (118,576 )
    Provision for contract assets and receivables (202,677 )   (153,968 )   (21,094 )     (629,308 )   (718,413 )   (98,422 )
    Provision for contingent guarantee liabilities (933,854 )   (940,740 )   (128,881 )     (3,203,123 )   (3,655,548 )   (500,808 )
    Total operating cost (2,251,359 )   (2,384,788 )   (326,714 )     (8,544,012 )   (9,177,366 )   (1,257,294 )
    Gross profit 1,258,077     1,274,045     174,545       4,513,070     5,026,228     688,590  
    Operating expenses:                          
    Sales and marketing expenses (429,573 )   (464,263 )   (63,604 )     (1,733,301 )   (1,787,299 )   (244,859 )
    Research and development expenses (135,837 )   (151,081 )   (20,698 )     (513,284 )   (578,243 )   (79,219 )
    General and administrative expenses (108,305 )   (95,335 )   (13,061 )     (387,387 )   (374,481 )   (51,304 )
    Total operating expenses (673,715 )   (710,679 )   (97,363 )     (2,633,972 )   (2,740,023 )   (375,382 )
    Change in fair value of financial guarantee derivatives and loans at fair value (247,526 )   (143,619 )   (19,676 )     (206,368 )   (979,234 )   (134,155 )
    Interest expense, net (10,245 )   (2,560 )   (351 )     (50,483 )   (9,007 )   (1,234 )
    Investment loss (302,128 )   (543 )   (74 )     (303,235 )   (2,417 )   (331 )
    Others, net (22,092 )   13,754     1,884       7,774     58,188     7,972  
    Income before income tax expense 2,371     430,398     58,965       1,326,786     1,353,735     185,460  
    Income tax benefit/(expense) 9,726     (67,649 )   (9,268 )     (260,841 )   (253,275 )   (34,699 )
    Net income 12,097     362,749     49,697       1,065,945     1,100,460     150,761  
    Net income attributable to ordinary shareholders of the Company 12,097     362,749     49,697       1,065,945     1,100,460     150,761  
                               
    Net income per ordinary share attributable to ordinary shareholders of the Company                          
    Basic 0.04     1.09     0.15       3.24     3.32     0.45  
    Diluted 0.04     1.03     0.14       3.17     3.24     0.44  
                               
    Net income per ADS attributable to ordinary shareholders of the Company                          
    Basic 0.07     2.18     0.30       6.49     6.64     0.91  
    Diluted 0.07     2.06     0.28       6.34     6.49     0.89  
                               
    Weighted average ordinary shares outstanding                          
    Basic 329,297,640     333,182,976     333,182,976       328,523,952     331,403,936     331,403,936  
    Diluted 331,941,385     351,577,582     351,577,582       359,820,982     339,261,349     339,261,349  
    LexinFintech Holdings Ltd.
    Unaudited Condensed Consolidated Statements of Comprehensive Income

     
      For the Three Months Ended December 31,     For the Year Ended December 31,  
    (In thousands) 2023   2024     2023   2024  
      RMB   RMB   US$     RMB   RMB   US$  
    Net income   12,097     362,749     49,697       1,065,945     1,100,460     150,761  
    Other comprehensive income                          
    Foreign currency translation adjustment, net of nil tax   27,841     642     88       7,297     (16,014 )   (2,194 )
    Total comprehensive income   39,938     363,391     49,785       1,073,242     1,084,446     148,567  
    Total comprehensive income attributable to ordinary shareholders of the Company   39,938     363,391     49,785       1,073,242     1,084,446     148,567  
    LexinFintech Holdings Ltd.
    Unaudited Reconciliations of GAAP and Non-GAAP Results


      For the Three Months Ended December 31,     For the Year Ended December 31,  
    (In thousands, except for share and per share data) 2023   2024     2023   2024  
      RMB   RMB   US$     RMB   RMB   US$  
    Reconciliation of Adjusted net income attributable to ordinary shareholders of the Company to Net income attributable to ordinary shareholders of the Company                          
    Net income attributable to ordinary shareholders of the Company   12,097     362,749     49,697       1,065,945     1,100,460     150,761  
    Add: Share-based compensation expenses   32,959     27,244     3,732       117,852     94,623     12,963  
    Interest expense associated with convertible notes   11,943               73,807     5,695     780  
    Investment loss   302,128     543     74       303,235     2,417     331  
    Tax effects on Non-GAAP adjustments (2)   (75,440 )             (75,440 )        
    Adjusted net income attributable to ordinary shareholders of the Company   283,687     390,536     53,503       1,485,399     1,203,195     164,835  
                               
    Adjusted net income per ordinary share attributable to ordinary shareholders of the Company                          
    Basic   0.86     1.17     0.16       4.52     3.63     0.50  
    Diluted   0.82     1.11     0.15       4.13     3.55     0.49  
                               
    Adjusted net income per ADS attributable to ordinary shareholders of the Company                          
    Basic   1.72     2.34     0.32       9.04     7.26     0.99  
    Diluted   1.64     2.22     0.30       8.26     7.09     0.97  
                               
    Weighted average shares used in calculating net income per ordinary share for non-GAAP EPS                          
    Basic   329,297,640     333,182,976     333,182,976       328,523,952     331,403,936     331,403,936  
    Diluted   345,913,435     351,577,582     351,577,582       359,820,982     339,261,349     339,261,349  
                               
    Reconciliations of Non-GAAP EBIT to Net income                          
    Net income   12,097     362,749     49,697       1,065,945     1,100,460     150,761  
    Add: Income tax (benefit)/expense   (9,726 )   67,649     9,268       260,841     253,275     34,699  
    Share-based compensation expenses   32,959     27,244     3,732       117,852     94,623     12,963  
    Interest expense, net   10,245     2,560     351       50,483     9,007     1,234  
    Investment loss   302,128     543     74       303,235     2,417     331  
    Non-GAAP EBIT   347,703     460,745     63,122       1,798,356     1,459,782     199,988  

    (2) To exclude the tax effects related to the investment loss

    Additional Credit Information

    Vintage Charge Off Curve1

    Dpd30+/GMV by Performance Windows1

    First Payment Default 30+1

    1. Loans facilitated under ICP are excluded from the chart.

    The MIL Network

  • MIL-OSI: HTX February Performance Report: Trading Volume Surges, Secured Top 3 Ranking in EUR-Stablecoin Trading Volume

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — Amid February’s cryptocurrency market volatility, HTX demonstrated robust performance, delivering exceptional achievements in trading volume, user engagement, product enhancements, and global market expansion. HTX’s performance during this period has garnered recognition from prominent media outlets, underscoring the platform’s resilience and commitment to providing a robust trading environment.

    Stronger Platform Growth with Industry-Wide Recognition

    February witnessed a substantial surge in HTX’s trading volume, accompanied by an 8.15% month-over-month rise in HTX App logins, indicating heightened user engagement and platform appeal..

    According to CoinDesk Data’s February 27th report, HTX’s global expansion has yielded impressive results, securing a top-three position in EUR-stablecoin trading volume. This achievement underscores HTX’s growing presence and influence within the international digital asset market. Furthermore, HTX has been honored by Forbes as one of the “Top 25 World’s Most Trustworthy Crypto Exchanges of 2025,” a testament to its unwavering commitment to security, regulatory compliance, and user confidence.

    HTX also participated in key industry summits during February. At the 2025 HTX DAO Victoria Harbour Night – Journey of Confidence event in Hong Kong, Justin Sun, Global Advisor of HTX, discussed the decentralized stablecoin USDD, emphasizing its innovative mechanisms designed to optimize user returns and enhance the overall user experience. He reaffirmed USDD’s commitment to long-term development, emphasizing robust technology and effective community governance as pillars for sustainable growth.

    Maximizing Wealth Creation for Users

    In February, HTX listed six new assets, bringing significant wealth growth opportunities for its users, particularly among the high-performers. Specifically, KAITO surged 207% post-listing, BERA increased by 80%, and LAYER rose by 50%. Even amidst recent market fluctuations, HTX continues to provide avenues for wealth creation.

    HTX exhibited keen market discernment by being among the first to list TST and SHELL from the BSC ecosystem. TST, a notable BSC project endorsed by CZ, saw HTX respond promptly to its burgeoning popularity, effectively capturing market trends and providing users with a distinct early-mover advantage.

    HTX Ventures, recognizing emerging AI opportunities, released its latest research report in February titled “DeepSeek Sparks the AI Sector’s ‘iPhone Moment,’ and Agent Tokens’ Integration into Real Crypto Businesses Accelerates.” This insightful report explores AI technology’s extensive applications within the cryptocurrency sector, providing investors with valuable market foresight while fostering ecosystem growth and pioneering project incubation.

    HTX also focused on enhancing its product offerings. The platform revamped the HTX Earn subscription interface, streamlining processes and improving operational convenience for an optimized user experience. Additionally, the USDD Flexible Earn platform was upgraded to support USDT subscriptions at a 1:1 ratio, offering users a 12% APY and ensuring stable returns during market fluctuations. HTX will remain dedicated to continuously improving product functionalities and enriching its offerings.

    Safeguarding User Assets as a Priority

    HTX has significantly enhanced its security infrastructure throughout February, reinforcing its commitment to protecting user accounts, transactions, and assets.These comprehensive security measures underscore HTX’s unwavering dedication to providing a secure and reliable trading environment for its global user base.

    As a pioneer in implementing Merkle Tree Proof of Reserves, HTX has consistently demonstrated its dedication to transparency by publicly disclosing reserve data for 29 consecutive months. The platform recently updated its Merkle Tree Proof of Reserves for March 2025.

    Users can access the monthly updated reports and view the platform’s financial status from the “Assets – PoR Reports” page on the HTX official website.

    Throughout February, HTX’s customer service team provided exceptional support, assisting 33,743 users and effectively addressing 65,636 inquiries and tickets across various areas such as P2P trading, on-chain transactions, 2FA, asset management, and KYC verification. The team’s dedication to providing professional and timely solutions resulted in an 82% user satisfaction rating in February, fostering a positive and loyal user base.

    HTX showcased robust growth in February, driven by significant trading volume increases, innovative product offerings, fortified security measures, and premium user service. With its global expansion and continuous improvements to products and services, HTX is well-positioned to gain a larger market share, offering an enhanced digital asset trading and investment experience to users worldwide.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

    Disclaimer: This press release is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74172104-0c15-4b95-a384-c8203f9bde99

    https://www.globenewswire.com/NewsRoom/AttachmentNg/12d9ad00-ee6d-4cd6-ad47-327789a39c80

    https://www.globenewswire.com/NewsRoom/AttachmentNg/49fe9ddc-6792-4d5f-80b1-69589c38ec09

    The MIL Network

  • MIL-OSI USA: U.S. Files Civil Forfeiture Complaint Against Aircraft Used by Nicolás Maduro Moros in Violation of U.S. Sanctions and Export Control Laws

    Source: US State of California

    Note: View the forfeiture complaint.

    The United States today filed a civil forfeiture complaint in the Southern District of Florida against a Dassault Falcon 900 EX aircraft, bearing tail number T7-ESPRT, which was smuggled from the United States under false pretenses and operated for the benefit of Nicolás Maduro Moros (Maduro) and his representatives in the Bolivarian Republic of Venezuela (the Maduro Regime) in violation of U.S. sanctions and export control laws. The aircraft was seized last year in the Dominican Republic at the request of the United States.

    Today’s filing alleges that the Dassault Falcon 900 EX aircraft was purchased and maintained in violation of U.S. sanctions against Maduro and the Maduro Regime. According to the complaint, the aircraft is forfeitable based on violations of U.S. law, including the International Emergency Economic Powers Act (IEEPA) and money laundering violations.

    Since 2014, the United States has imposed sanctions against targeted individuals, entities, and sectors in Venezuela to address the increasing political oppression and corruption in Venezuela by the Maduro Regime. On March 8, 2015, the President found that the situation in Venezuela constituted an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States and declared a national emergency pursuant to IEEPA to deal with that threat. See Executive Order (E.O.) 13692.

    In 2017, 2018, and 2019, President Trump took additional steps regarding the national emergency declared in E.O. 13692. On Aug. 5, 2019, the President issued E.O. 13884 “in light of the continued usurpation of power by Nicolás Maduro and persons affiliated with him, as well as human rights abuses, including arbitrary or unlawful arrest and detention of Venezuelan citizens, interference with freedom of expression, including for members of the media, and ongoing attempts to undermine Interim President Juan Guaidó and the Venezuelan National Assembly’s exercise of legitimate authority in Venezuela.”

    E.O. 13884 prohibits the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to the order, including the Government of Venezuela and the Maduro Regime; the receipt of any contribution or provision of funds, goods, or services from any such person; and, any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate any of the prohibitions set forth in the order.

    The complaint alleges that on or about Jan. 23, 2023, a company purportedly based in the Caribbean island country of St. Vincent and the Grenadines (Foreign Company 1) entered into a contract to purchase the Dassault Falcon 900 EX aircraft from a company in Florida for $13,250,000. The complaint further alleges that the individual in charge of purchasing the aircraft purportedly on behalf of Foreign Company 1 was a Venezuelan national (Foreign Principal 1), who concealed the fact that he was representing or associated with the Maduro Regime.

    The complaint further alleges that Foreign Company 1 merely acted as a nominee owner of the Dassault Falcon 900 EX aircraft as it was formed shortly before the purchase, in June 2022, and was struck from the register of St. Vincent companies for failure to pay annual fees two years later, in May 2024.

    The complaint further alleges that funds used to purchase the Dassault Falcon 900EX aircraft were sent via multiple wire transfers from different countries, including Malaysia, using both U.S. dollars and euros, and that Foreign Company 1 used an email address with a “.ae” domain from the United Arab Emirates to correspond with the Florida-based seller even though Foreign Company 1’s representatives allegedly had Spanish names and some of the emails contained the phrase “Enviado desde mi iPhone,” or Spanish for “Sent from my iPhone.”

    The complaint further alleges that the Dassault Falcon 900 EX aircraft was flown from the United States to St. Vincent on or about April 3, 2023, and approximately five hours later, it departed for Caracas, Venezuela, piloted by two members of the Venezuelan Presidential Honor Guard, and accompanied by a second aircraft that operates out of a Venezuelan military base.

    The complaint further alleges that, since May 2023, the Dassault Falcon 900 EX aircraft has flown to and from Venezuela at least 21 times and Maduro has been seen traveling with the aircraft on official visits to other countries, including for a December 2023 prisoner exchange with the United States.

    As alleged, in March 2024, the Dassault Falcon 900 EX aircraft was flown to the Dominican Republic for service and maintenance where Foreign Company 1 held itself out to be the owner, concealing from the Dominican-based jet maintenance company that the aircraft had been purchased and operated for benefit of the Maduro Regime.

    The complaint further alleges that on at least two occasions in May 2024, Foreign Principal 1, purportedly acting on behalf of Foreign Company 1, and other Venezuelan individuals, including military personnel, attempted to retrieve the Dassault Falcon aircraft from the Dominican Republic.

    Following the attempts by the Venezuelan individuals to retrieve the Dassault Falcon 900 EX aircraft, the U.S. government obtained a seizure warrant and requested that the Dominican Republic seize, detain, and transfer the Dassault Falcon aircraft. Pursuant to U.S. request, the aircraft was transported back to the United States on Sept. 2, 2024. That same day, the Maduro Regime issued a statement admitting the Dassault Falcon aircraft “has been used by” Maduro.

    A second Dassault Falcon aircraft identified by the Treasury Department’s Office of Foreign Assets Control (OFAC) as blocked property of Petroleos de Venezuela, S.A. (PdVSA), the sanctioned Venezuelan state-owned oil and natural-gas company, and illegally serviced and maintained in violation of U.S. sanctions, also was seized in the Dominican Republic at the request of the United States government on Feb. 6, 2025.

    The Department of Commerce Bureau of Industry and Security Miami Field Office is investigating the case, along with the Department of Homeland Security, Homeland Security Investigations (HSI) Santo Domingo.

    Assistant U.S. Attorneys Joshua Paster and Jorge Delgado for the Southern District of Florida and Trial Attorney Ahmed Almudallal of the National Security Division’s Counterintelligence and Export Control Section are handling the matter.

    The Justice Department’s Office of International Affairs and HSI El Dorado Task Force Miami provided significant assistance in working with authorities in the Dominican Republic. The United States thanks the Dominican Republic for its assistance in this matter.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Raksha Mantri meets Netherlands Defence Minister in New Delhi

    Source: Government of India

    Raksha Mantri meets Netherlands Defence Minister in New Delhi

    Both countries explore possibilities of defence industrial collaboration & working together in domains like AI

    Posted On: 18 MAR 2025 4:44PM by PIB Delhi

    Raksha Mantri Shri Rajnath Singh held a meeting with the Defence Minister of the Netherlands Mr Ruben Brekelmans in New Delhi on March 18, 2025. They discussed elevating the bilateral cooperation in areas like defence, security, information exchanges, Indo-Pacific and new & emerging technologies.

    The two Ministers explored the possibilities of collaboration in shipbuilding, equipment and space sectors, optimising the complementariness in skills, technology & scale of the two countries. They also discussed working together in domains like Artificial Intelligence and related technologies, besides connecting the respective defence technology research institutes and organisations.

    In a post on X after the meeting, Raksha Mantri stated that India looks forward to further elevating its defence partnership with the Netherlands.

    *****

    VK/Savvy

    (Release ID: 2112311) Visitor Counter : 51

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Average price reduction due to fixation or refixation of prices under National List of Essential Medicines, 2022 resulted in estimated annual savings of approximately ₹3,788 crore to patients

    Source: Government of India

    Average price reduction due to fixation or refixation of prices under National List of Essential Medicines, 2022 resulted in estimated annual savings of approximately ₹3,788 crore to patients

    Under Pradhan Mantri Bhartiya Janaushadhi Pariyojana quality medicines are offered through Jan Aushadhi Kendras at 50% to 80% lower rates than the prices of branded medicines available in the market

    Under the Affordable Medicines and Reliable Implants for Treatment (AMRIT) initiative, medicines, implants, surgical disposables and other consumables are provided at significant discounts of up to 50% of market rates through AMRIT Pharmacy stores

    Posted On: 18 MAR 2025 4:37PM by PIB Delhi

    The Ministry of Health and Family Welfare notifies the National List of Essential Medicines (NLEM), which is incorporated as Schedule-I to the Drugs (Prices Control) Order, 2013 (DPCO, 2013). The National Pharmaceutical Pricing Authority (NPPA) under the Department of Pharmaceuticals (DoP) fixes ceiling prices of these scheduled medicines in accordance with the provisions of DPCO, 2013. All manufacturers and marketers of scheduled medicines are required to sell their products within the ceiling price (plus applicable Goods and Service Tax) fixed by the NPPA. Further, NPPA fixes the retail price of new drugs, as defined in DPCO, 2013. For applicant manufacturers and their marketers, who too are required to sell the new drug within the price notified by NPPA. In respect of non-scheduled formulations, manufacturers are required to not increase the Maximum Retail Price of the drugs launched by them by more than 10% during the preceding 12 months. As on 12.3.2025, ceiling prices of 928 scheduled formulations and retail prices of over 3,200 new drugs stood fixed by NPPA. The average price reduction due to fixation or refixation  of prices under NLEM, 2022 was about 17%, resulting in estimated annual savings of approximately ₹3,788 crore to patients. Details of prices fixed by NPPA are available on its website (www.nppaindia.nic.in ).

    Besides price regulation, Government has also enabled access to affordable essential medicines through Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), under which quality medicines are offered through Jan Aushadhi Kendras (JAKs) at rates that are typically 50% to 80% lower than the prices of branded medicines available in the market. In addition, under the Affordable Medicines and Reliable Implants for Treatment (AMRIT) initiative of the Department of Health and Family Welfare, medicines for the treatment of cancer, cardiovascular and other diseases, implants, surgical disposables and other consumables etc. are provided at significant discounts of up to 50% of market rates through AMRIT Pharmacy stores set up in some hospitals/institutions. Also, to ensure availability of essential drugs and reduce out-of-pocket expenditure of patients visiting public health facilities, Government has rolled out the Free Drugs Service Initiative under the National Health Mission under which  financial support is provided to State and Union Territory Governments for 106 drugs at the Sub-Health Centre level, 172 drugs at the Primary Health Centre level, 300 drugs at the Community Health Centre level, 318 drugs at the Sub-District Health level and 381 drugs at the District Hospitals.

    Currently, 2,047 medicines and 300 surgicals, medical consumables and devices are under the PMBJP scheme product basket, covering all major therapeutic groups, such as cardiovascular, anti-cancers, anti-diabetic, anti-infectives, anti-allergic and gastro-intestinal medicines and nutraceuticals etc. The Department of Pharmaceuticals has set the target to increase the product basket to 2,100 medicines and 310 surgicals, medical consumables and devices by 31.3.2025.

    The prices of both scheduled and non-scheduled drugs are monitored by NPPA. Monitoring activities are based on references from State/UT Price Monitoring Resource Units (PMRUs), State Drugs Controllers (SDCs), market samples, market-based databases and complaints received through the Pharma Jan Samadhan (PJS) portal, Centralised Public Grievance Redress and Monitoring System (CPGRAMS)  and other reliable sources. Instances of overcharging are dealt with by NPPA under relevant provisions of DPCO, 2013.

    This information was given by the Union Minister of State for Chemicals and Fertilizers, Smt. Anupriya Patel in Rajya Sabha in written reply to a question today.

    *****

    MV/AKS

    (Release ID: 2112308) Visitor Counter : 62

    MIL OSI Asia Pacific News