Category: Asia

  • MIL-OSI Banking: Secretary-General of ASEAN meets with Ambassador of the French Republic to ASEAN

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, this morning met with Ambassador of the French Republic to ASEAN, H.E. Fabien Penone, at the ASEAN Headquarters/ASEAN Secretariat. Both sides exchanged ideas on ways and means to strengthen the ASEAN-France Development Partnership through meaningful activities on mutually beneficial cooperation areas, as well as discussed on the preparations for the State visit of the President of the French Republic, H.E. Emmanuel Macron, to the ASEAN Headquarters/ASEAN Secretariat in the coming months.

    The post Secretary-General of ASEAN meets with Ambassador of the French Republic to ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Banking: Field Trials for PIMTO Mobile Robot Vending Service to be Conducted at Narita International Airport

    Source: Panasonic

    Headline: Field Trials for PIMTO Mobile Robot Vending Service to be Conducted at Narita International Airport

    March 17, 2025 – Panasonic Holdings Corporation (Panasonic HD), Mashup Inc. (Mashup), and Narita International Airport Corporation (NAA) today announced that they will conduct field trials using PIMTO, a mobile robot vending service, in the area after outbound passport control in Narita International Airport Terminal 1 for 10 days from March 21 to 30, 2025. The field trials will involve the sale of local specialty products, subculture items, and other products that highlight the charm of Japan to passengers departing from Narita Airport.
    Narita Airport serves as a hub airport in Asia with an extensive network connecting 120 cities—102 overseas and 18 in Japan. The annual number of foreign passengers using international flights in 2024 was 21.79 million, the highest since the airport opened. To study a potential new service for foreign passengers, whose numbers are expected to continue growing, the companies will conduct field trials using Panasonic HD’s PIMTO mobile robot vending service, which moves within the area near the boarding gates to sell products. The product lineup, developed in collaboration with Mashup, one of the companies operating the field trials, will feature local products and subculture items that provide a uniquely Japanese feel. The field trials aim to increase customer satisfaction by offering memorable purchasing experiences and appealing products to passengers, including foreign visitors to Japan, just before their departure from Narita Airport.

    Field trial period: From Friday, March 21 to Sunday, March 30, 2025
    * Field trials may be suspended due to unforeseen circumstances.
    Location: Narita International Airport Terminal 1 (Area after outbound passport control)Products: exclusive products available only at Narita Airport, local products, and subculture items that offer a uniquely Japanese feel

    PIMTO mobile robot vending service

    1. Utilization of unmanned vending robots

    Panasonic HD will provide mobile unmanned vending robots that can increase the number of sales outlets without requiring store construction or additional equipment installation. A variety of items that fit within the designated boxes can be sold, with payments accepted via credit cards, QR codes, and transportation IC cards. Since there is no need to continuously move robots around the airport, it was concluded that autonomous travel or advanced preparation for that purpose would not be necessary. Therefore, the robots will be operated solely through manual control using a wired controller connected to the robot or remote control, considering its cost advantages in terms of the robot units and service operations.In the field trials, the robots move to high-traffic areas depending on which boarding gates are in use, improving customer convenience and sales. The robots are basically operated by a wired controller, although remote control will also be tested.

    2. Proposal for experience design

    Robots (vending spots) that best suit the customers, location, and other circumstances are proposed.Based on marketing research, including identifying the needs of inbound visitors, the field trials use robots with creative features, such as control buttons and the robot’s appearance, allowing foreign customers to select products as if they were playing a game, and enhance their purchasing experience, as well as messages displayed on the robot’s body in 11 languages to attract passengers’ interest in their native language.

    3. Merchandising support

    Products that best suit the passengers, location, and other circumstances are proposed.For the field trials, Panasonic HD, Mashup, NAA, and gray park, Inc. collaborated to design a purchasing experience themed Wings & Wonders, aiming to increase customer satisfaction with the services near the departure gates. Based on this, a product lineup has been developed featuring original products available only at Narita Airport, local specialty products, 3D molded chocolates, and a wide range of subculture items rich in Japanese charm, such as soft vinyl figures, and capsule toys. A range of uniquely Japanese products will provide passengers a last-minute surprise and excitement just before departure.

    4. Contribution to supported employment

    Panasonic HD can collaborate with welfare facilities to achieve universal design from a work perspective, helping create an environment where people with disabilities or mental health concerns can participate in the operations of unmanned sales and other services.In the field trials, the remote operation of robots is outsourced to ASU-TRi, an employment transition support office in Kumamoto Prefecture, while product packaging is outsourced to Kujira Co., Ltd. a Type A employment continuation supporter in Shinjuku Ward, Tokyo. The product lineup also includes the Okinawa souvenir set, produced at welfare support facilities in Okinawa Prefecture and supplied by the Okinawa SELP Center Foundation.

    5. Provision of operational support application

    The PIMTO UI operational support application will be provided, enabling users to easily check sales status, receive sold-out notifications, play pre-recorded sounds from robots, and request remote operators to relocate the robot from any location.

    Inquiries:

    (Inquiries regarding the PIMTO mobile robot vending service)Panasonic Holdings CorporationMobility Business Strategy Officemobility_info@ml.jp.panasonic.com

    About the Panasonic Group
    Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of 8,496.4 billion yen for the year ended March 31, 2024. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/

    MIL OSI Global Banks

  • MIL-OSI Europe: Angelus of the Second Sunday of Lent

    Source: The Holy See

    The following is the text prepared by the Holy Father Francis for the Angelus of this second Sunday of Lent:

    Text prepared by the Holy Father

    Dear brothers and sisters, happy Sunday!
    Today, the second Sunday of Lent, the Gospel tells us about the Transfiguration of Jesus (Lk 9:28-36). Having climbed to the top of a mountain with Peter, James and John, Jesus immerses Himself in prayer and becomes radiant with light. In this way, He shows the disciples what is hidden behind the gestures He performs in their midst: the light of His infinite love.
    I am sharing these thoughts with you while I am facing a period of trial, and I join with so many brothers and sisters who are sick: fragile, at this time, like me. Our bodies are weak but, even like this, nothing can prevent us from loving, praying, giving ourselves, being for each other, in faith, shining signs of hope. How much light shines, in this sense, in hospitals and places of care! How much loving care illuminates the rooms, the corridors, the clinics, the places where the humblest services are performed! That is why I would like to invite you, today, to join me in praising the Lord, who never abandons us and who, in times of sorrow, places people beside us who reflect a ray of His love.
    I thank you all for your prayers, and I thank those who assist me with such dedication. I know that many children are praying for me; some of them came here today to “Gemelli” as a sign of closeness. Thank you, dearest children! The Pope loves you and is always waiting to meet you.
    Let us continue to pray for peace, especially in the countries wounded by war: tormented Ukraine, Palestine, Israel, Lebanon, Myanmar, Sudan, and the Democratic Republic of the Congo.
    And let us also pray for the Church, required to translate into concrete choices the discernment made in the recent Synodal Assembly. I thank the General Secretariat of the Synod, which over the coming three years will accompany the local Churches in this undertaking.
    May the Virgin Mary keep you and help you to be, like Her, bearers of Christ’s light and peace.

    MIL OSI Europe News

  • MIL-OSI Global: Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous

    Source: The Conversation – Global Perspectives – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne

    A fire at a nightclub in North Macedonia has killed at least 59 people and injured more than 150. The blaze broke out at the Pulse nightclub in Kočani, where around 500 people were attending a concert.

    Witnesses reported that pyrotechnics used during the performance ignited the ceiling, causing flames to spread rapidly.

    Authorities have arrested 20 people so far, including the club’s manager. Investigations continue. The North Macedonian government has declared a seven-day mourning period.

    While building fires are not limited to nightclubs, many of the most devastating building fires in history have happened in nightclubs around the world. So why are nightclubs such a risky place for deadly fires?

    A long history of nightclub fires

    A look at past nightclub fires shows just how common and deadly they’ve been in the past 100 years. We identified at least 24 nightclub fires where ten or more people died since 1940.

    Collectively, these 24 incidents account for at least 2,800 deaths, with nearly 1,300 in the 21st century alone.

    The Cocoanut Grove fire (Boston, 1942) remains the deadliest on record, killing 492 people. The club’s flammable decorations and locked exits turned what should have been an ordinary night out into one of the worst fire disasters in history.

    In Argentina, the República Cromañón fire killed 194 people in 2004, caused by pyrotechnics igniting flammable materials inside the club.

    The Kiss nightclub fire in Brazil in 2013 was even deadlier, claiming 242 lives.

    More recently, Thailand’s Mountain B nightclub fire killed 23 people in 2022.

    And in 2023, 13 people died in a fire at the Fonda Milagros nightclub in Spain.

    Now, North Macedonia’s Pulse nightclub joins this long list.

    Why are nightclubs so risky for fires?

    A review of past nightclub fires we’ve collated in our database reveals common patterns. Two key factors have contributed to the frequency and severity of these fire disasters.

    1. Pyrotechnics, fireworks and flammable materials

    One of the most common causes of nightclub fires has been the use of pyrotechnics in enclosed spaces. Pyrotechnics are controlled chemical reactions designed to produce flames, smoke, or light effects.

    They have been involved in at least six of the deadliest nightclub fires, including the recent Pulse nightclub fire in North Macedonia, as well as The Station (United States, 2003), Kiss (Brazil, 2013), Colectiv (Romania, 2015), Lame Horse (Russia, 2009) and República Cromañón (Argentina, 2004).

    When used indoors, pyrotechnics can easily ignite flammable ceiling materials, acoustic foam, or decorations.

    In some cases, fireworks – which are different from stage pyrotechnics and sometimes illegally used indoors – have played a role. The Lame Horse nightclub fire, which killed 156 people in Russia in 2009, was caused by a spark from fireworks igniting a low ceiling covered in flammable plastic decorations.

    Even when fires don’t start from pyrotechnics or fireworks, the materials used in nightclub interiors can rapidly turn a small fire into a major disaster.

    Foam insulation, wooden panelling, plastic decorations and carpeted walls have all been key factors in past nightclub fires. In Cocoanut Grove (Boston, 1942), artificial palm trees and other flammable decorations accelerated the blaze.

    2. Overcrowding and blocked or insufficient exits

    Evacuation failures have been a factor in nearly every major nightclub fire.

    In some instances, crowds may not immediately recognise the severity of the situation, especially if they mistake alarms for false alarms or special effects (for example, smoke machines, loud music).

    Further, patrons could be intoxicated due alcohol or other drugs. Intoxication combined with potential disorientation due to dim lighting can further reduce judgement during an evacuation.

    Clearly, the best way to protect patrons is to prevent a fire from breaking out in the first place. But in settings where fire risks are inherently high, the ability to evacuate people swiftly is crucial.

    Nightclubs, however, have a poor track record when it comes to evacuation safety measures.

    Nightclubs are among the most crowded indoor spaces. While crowd density is part of a nightclub’s design and atmosphere, overcrowding beyond legal capacity is common.

    A crowd that has gradually gathered over several hours must suddenly evacuate in seconds or minutes to survive a fire. This is made more difficult by narrow hallways and limited exits, which quickly become bottlenecks when hundreds of people attempt to escape at once.

    What’s more, not all exits are always accessible during a fire. In several past nightclub disasters, locked or obstructed emergency exits have significantly worsened the death toll.

    Minimising the risks

    Nightclubs are uniquely vulnerable to fires due to a combination of structural risks, unsafe materials, overcrowding and regulatory failures.

    While human behaviour plays a role in how fires unfold in confined spaces such as nightclubs, people should be able to go for a night out and expect to come home safely.

    Regulatory oversight must ensure strict compliance with fire codes. Venues should have fire suppression systems (such as sprinklers, fire extinguishers and smoke detectors) to control or contain fires before they spread, and adequate exits.

    Nightclubs should ban indoor pyrotechnics and fireworks, as history has repeatedly shown their deadly consequences.

    Capacity limits must be enforced, and emergency exits should always be accessible.

    Australia has strict fire safety regulations for nightclubs, with venues required to have fire suppression systems, emergency exits and trained staff to manage fire risks.

    Public awareness is also key. Patrons need to understand the real risk of fires in nightclubs, and be prepared to evacuate swiftly but calmly if danger arises.

    Ruggiero Lovreglio receives funding from Royal Society Te Apārangi (NZ) and National Institute of Standards and Technology (USA).

    Milad Haghani 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. Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous – https://theconversation.com/many-of-historys-deadliest-building-fires-have-been-in-nightclubs-heres-why-theyre-so-dangerous-252372

    MIL OSI – Global Reports

  • MIL-OSI Banking: Result of the 4-day Variable Rate Repo (VRR) auction held on March 17, 2025

    Source: Reserve Bank of India

    Tenor 4-day
    Notified Amount (in ₹ crore) 1,00,000
    Total amount of bids received (in ₹ crore) 23,765
    Amount allotted (in ₹ crore) 23,765
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.26
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2384

    MIL OSI Global Banks

  • MIL-OSI Banking: Money Market Operations as on March 14, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 0.00
         I. Call Money 0.00
         II. Triparty Repo 0.00
         III. Market Repo 0.00
         IV. Repo in Corporate Bond 0.00
    B. Term Segment      
         I. Notice Money** 0.00
         II. Term Money@@ 0.00
         III. Triparty Repo 0.00
         IV. Market Repo 0.00
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
               
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 14/03/2025 1 Sat, 15/03/2025 25,529.00 6.50
      Fri, 14/03/2025 2 Sun, 16/03/2025 0.00 6.50
      Fri, 14/03/2025 3 Mon, 17/03/2025 30.00 6.50
    4. SDFΔ# Fri, 14/03/2025 1 Sat, 15/03/2025 58,418.00 6.00
      Fri, 14/03/2025 2 Sun, 16/03/2025 0.00 6.00
      Fri, 14/03/2025 3 Mon, 17/03/2025 11.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -32,870.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 07/03/2025 14 Fri, 21/03/2025 8,375.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 13/03/2025 4 Mon, 17/03/2025 50,008.00 6.26
      Thu, 13/03/2025 8 Fri, 21/03/2025 9,860.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF# Thu, 13/03/2025 2 Sat, 15/03/2025 0.00 6.50
      Thu, 13/03/2025 3 Sun, 16/03/2025 0.00 6.50
      Thu, 13/03/2025 4 Mon, 17/03/2025 200.00 6.50
    4. SDFΔ# Thu, 13/03/2025 2 Sat, 15/03/2025 2,903.00 6.00
      Thu, 13/03/2025 3 Sun, 16/03/2025 0.00 6.00
      Thu, 13/03/2025 4 Mon, 17/03/2025 2,960.00 6.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,443.52  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,54,987.52  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,22,117.52  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on March 14, 2025 9,26,890.93  
         (ii) Average daily cash reserve requirement for the fortnight ending March 21, 2025 9,19,133.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 13, 2025 59,868.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 21, 2025 18,854.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2385

    MIL OSI Global Banks

  • MIL-OSI Banking: Money Market Operations as on March 15, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 27,166.39 6.24 4.50-6.52
         I. Call Money 1,461.80 6.05 5.25-6.40
         II. Triparty Repo 25,438.10 6.26 5.00-6.52
         III. Market Repo 266.49 5.46 4.50-6.20
         IV. Repo in Corporate Bond 0.00
    B. Term Segment      
         I. Notice Money** 0.70 5.95 5.95-5.95
         II. Term Money@@ 0.00
         III. Triparty Repo 0.00
         IV. Market Repo 0.00
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Sat, 15/03/2025 1 Sun, 16/03/2025 15,144.00 6.50
      Sat, 15/03/2025 2 Mon, 17/03/2025 35.00 6.50
    4. SDFΔ# Sat, 15/03/2025 1 Sun, 16/03/2025 59,714.00 6.00
      Sat, 15/03/2025 2 Mon, 17/03/2025 3,269.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -47,804.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 07/03/2025 14 Fri, 21/03/2025 8,375.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 13/03/2025 4 Mon, 17/03/2025 50,008.00 6.26
      Thu, 13/03/2025 8 Fri, 21/03/2025 9,860.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF# Fri, 14/03/2025 2 Sun, 16/03/2025 0.00 6.50
      Fri, 14/03/2025 3 Mon, 17/03/2025 30.00 6.50
      Thu, 13/03/2025 3 Sun, 16/03/2025 0.00 6.50
      Thu, 13/03/2025 4 Mon, 17/03/2025 200.00 6.50
    4. SDFΔ# Fri, 14/03/2025 2 Sun, 16/03/2025 0.00 6.00
      Fri, 14/03/2025 3 Mon, 17/03/2025 11.00 6.00
      Thu, 13/03/2025 3 Sun, 16/03/2025 0.00 6.00
      Thu, 13/03/2025 4 Mon, 17/03/2025 2,960.00 6.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,443.52  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,57,909.52  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,10,105.52  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on March 15, 2025 9,10,212.16  
         (ii) Average daily cash reserve requirement for the fortnight ending March 21, 2025 9,19,133.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 13, 2025 59,868.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 21, 2025 18,854.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2386

    MIL OSI Global Banks

  • MIL-OSI Banking: Money Market Operations as on March 16, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 0.00
         I. Call Money 0.00
         II. Triparty Repo 0.00
         III. Market Repo 0.00
         IV. Repo in Corporate Bond 0.00
    B. Term Segment      
         I. Notice Money** 0.00
         II. Term Money@@ 0.00
         III. Triparty Repo 0.00
         IV. Market Repo 0.00
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Sun, 16/03/2025 1 Mon, 17/03/2025 13,186.00 6.50
    4. SDFΔ# Sun, 16/03/2025 1 Mon, 17/03/2025 60,480.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -47,294.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 07/03/2025 14 Fri, 21/03/2025 8,375.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 13/03/2025 4 Mon, 17/03/2025 50,008.00 6.26
      Thu, 13/03/2025 8 Fri, 21/03/2025 9,860.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF# Sat, 15/03/2025 2 Mon, 17/03/2025 35.00 6.50
      Fri, 14/03/2025 3 Mon, 17/03/2025 30.00 6.50
      Thu, 13/03/2025 4 Mon, 17/03/2025 200.00 6.50
    4. SDFΔ# Sat, 15/03/2025 2 Mon, 17/03/2025 3,269.00 6.00
      Fri, 14/03/2025 3 Mon, 17/03/2025 11.00 6.00
      Thu, 13/03/2025 4 Mon, 17/03/2025 2,960.00 6.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,443.52  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,54,675.52  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,07,381.52  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on March 16, 2025 9,07,544.24  
         (ii) Average daily cash reserve requirement for the fortnight ending March 21, 2025 9,19,133.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 13, 2025 59,868.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 21, 2025 18,854.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2387

    MIL OSI Global Banks

  • MIL-OSI Banking: Renewal of Bilateral Local Currency Swap Agreement with Bank of Japan

    Source: Reserve Bank of Australia

    The Reserve Bank of Australia and Bank of Japan have renewed the Bilateral Local Currency Swap Agreement for a further three years.

    The initial swap agreement between the two central banks was signed in 2016 and has been renewed for three-year periods since that time. Each agreement is designed to enhance the financial stability of the two countries, and allows for the exchange of local currencies between the two central banks of up to A$20 billion or JPY 1.6 trillion.

    MIL OSI Global Banks

  • MIL-OSI Banking: Development Asia: Climate Resilience in Asia’s Mega Deltas: A Spatial Approach to Adaptation Planning

    Source: Asia Development Bank

    Mekong Delta
    The Mekong Delta in Viet Nam has high agriculture productivity. The area is highly suitable for year-round rice cultivation, moderate to high suitability for watermelon, and seasonal suitability for maize. While its climatic and geographical conditions support year-round cropping, it faces considerable climate vulnerability.

    Adaptive capacity also varies significantly in the area due to social and economic challenges (Figure 2). Regions, such as Can Tho and Kien Giang, have relatively high capacity due to good literacy rates, infrastructure, market access, and low poverty. In contrast, much of the Mekong Delta exhibits low to medium capacity due to physical, human, and economic limitations and high exposure to climate risks. This combination creates vulnerability hotspots in northern Long An, coastal Bac Lieu, and large parts of Kien Giang and Ca Mau.

    Figure 2. Vulnerability Map of Mekong River Delta, Viet Nam

    Integration of adaptive capacity, climate hazard, and sensitivity analysis of rice for wet and dry seasons.
    Source: K. Nelson et al. Forthcoming. Spatial Analysis and Cost-Benefit Assessment of Climate Change Adaptation in Rice-Based Agrifood Systems of Select Asian Mega Deltas. IRRI and ADB.

    Crop diversification can improve income and nutrition. For example, combining rice with cash crops like watermelon generates one to two times the annual net income of double or triple rice cropping. In coastal zones, rice-shrimp integration yields nearly 50% more profit than traditional rice models, while rice-vegetable systems outperform triple rice. However, weak value chains, underinvestment in technology and logistics, climate-induced threats like pests and diseases, and competition for water resources between agriculture and aquaculture hinder the development and sustainability of mixed systems. The growing global shrimp market presents a significant opportunity to expand the shrimp sector.

    The situation is Cambodia is more precarious due to higher risks and lower adaptive capacity. Floods and droughts are more frequent, amplifying climate-related challenges. About half of the region, particularly in northern Kandal, Prey Veng, and Svay Rieng, has medium to high adaptive capacity, supported by stronger economic, human, and physical resources. However, areas like the southern districts of these provinces and Takeo are lagging behind. As a result, crop production in the northern and central parts of the delta is highly vulnerable due to low adaptive capacity and high-risk exposure.

    Diversifying through rice-watermelon and rice-fish systems can generate approximately three times the annual net revenue per hectare compared to single or double rice cropping. Despite this potential, Cambodia’s low to medium product quality limits its export competitiveness against neighboring countries like Viet Nam and Thailand. While there is growing domestic and export demand for watermelon, realizing its potential requires investment in transport, storage, and post-processing infrastructure. The aquaculture sector, which is currently underdeveloped and mainly reliant on captured fisheries, also requires significant investment.

    Ganges-Brahmaputra Delta
    The Ganges-Brahmaputra Delta in Bangladesh shows significant regional disparities in adaptive capacity. Figure 3 shows how this worsens vulnerability to climate risks such as drought, flood, and heat stress.

    Figure 3. Vulnerability Map of Ganges Delta, Bangladesh

    Integration of adaptive capacity and climate hazard and change in the suitability of rice for Boro, Aus, and Aman.
    Source: K. Nelson et al. Forthcoming. Spatial Analysis and Cost-Benefit Assessment of Climate Change Adaptation in Rice-Based Agrifood Systems of Select Asian Mega Deltas. IRRI and ADB.

    The delta is highly suitable for crop production, particularly rice, with varying suitability for irrigated and rainfed varieties. Watermelon and maize also demonstrate good potential across the region.

    However, the ability to adapt to the climate challenges is uneven. Areas with low adaptive capacity struggle due to physical, economic, and human capital deficits, as illustrated in Figure 3. This vulnerability is more pronounced in the eastern areas where serious climate problems and low adaptation capacity pose considerable risks. The central, northern, and southwestern areas also experience varying levels of vulnerability.

    To enhance resilience, diversification is a promising strategy. Cost-benefit analyses show that combining rice with cash crops like watermelon, sunflower, and vegetables or integrating rice-fish farming can substantially increase incomes. For example, rice-based systems that include sunflower or watermelon can double annual income compared to traditional single-rice cropping. Similarly, higher-value aquaculture and vegetable production can yield more than 50% net revenue.

    Despite these opportunities, Bangladesh remains a net importer of rice, hindered by outdated processing technologies that lead to low-quality output and, in some cases, negative returns for farmers. While the aquaculture sector has been expanding to meet domestic and international demand, it faces challenges such as difficult production conditions and stringent quality and safety standards in export markets. The fruit and vegetable sectors also remain underdeveloped and fall short of international standards.

    MIL OSI Global Banks

  • MIL-OSI Banking: The Future of Smallholder Farming in Asia

    Source: Asia Development Bank

    Smallholder farms are essential to food security, yet they struggle with limited access to natural, social, human, and financial capital. Across Asia, the consequences of neglecting agriculture are severe—not only threatening food security but also undermining economic stability. These risks are even more pressing in today’s rapidly evolving geopolitical landscape.

    Despite agriculture’s importance, macro indicators reveal a persistent shortfall in investment. The sector’s underperformance is driven not only by insufficient funding but also by inefficient resource allocation. Moreover, investments often fail to reach the most critical sub-sectors and components.

    This book explores how targeted policy reforms and strategic investments can empower farmers—especially smallholders—by making agriculture more viable and profitable. It emphasizes the urgent need to strengthen natural resources and advocates for nature-based solutions that enhance both sustainability and long-term farm resilience.
     

    [embedded content]

    MIL OSI Global Banks

  • MIL-OSI Banking: Asian Development Bank and Uzbekistan: Fact Sheet

    Source: Asia Development Bank

    ADB support in education and health care will be critical in developing Uzbekistan’s human capital. This year, ADB plans to commit to a new project involving science, technology, engineering, and math in secondary schools to equip students with relevant skills to succeed in an evolving and diverse labor market.

    Updated yearly, this ADB Fact Sheet provides concise information on ADB’s operations in the country and contact information.

    MIL OSI Global Banks

  • MIL-OSI China: World Internet Conference Asia-Pacific Summit to open in April

    Source: China State Council Information Office 2

    The World Internet Conference Asia-Pacific Summit will be held in Hong Kong from April 14 to 15, focusing on digital and intelligent transformation in the region, according to a press conference held in Beijing on Monday.
    Representatives from international organizations, governments, enterprises, and industry institutions, along with renowned experts worldwide, will discuss topics such as artificial intelligence (AI) infrastructure, technological industries, and security governance.
    The summit will also feature the release of think tank reports on empowering global sustainable development through inclusive AI governance and a comparative study on cross-border data flow policies, according to the press conference.

    MIL OSI China News

  • MIL-OSI Europe: ASIA/VIETNAM – Appointment of auxiliary bishop of Hung Hoá

    Source: Agenzia Fides – MIL OSI

    Saturday, 15 March 2025

    Vatican City (Agenzia Fides) – The Holy Father has appointed the Reverend Paul Nguyen Quang Dinh, until now vicar general of the diocese of Hung Hoá, Vietnam, responsible for Son Loc Cathedral and the diocesan liturgical Commission, as auxiliary bishop of the same diocese, assigning him the titular see of Voncaria.Msgr. Paul Nguyen Quang Dinh was born on 18 May 1973 in Son Thuy, in the diocese of Hung Hoá. He studied philosophy and theology at Saint Joseph Major Seminary in Hanoi.He was ordained a priest on 29 November 2005 for the diocese of Hung Hoá.After ordination, he first served as parish vicar of Du Ba in Hung Hoá (2006) and parish priest of Ngo Xa in Hung Hoá (2006-2009). He studied for a master’s degree in liturgy and sacramental theology at the Institut Catholique de Paris, France (2009-2016), and went on to hold the offices of parish priest of Yen Tap in Hung Hoá (2016-2019), and parish priest of Tuyên Quang in Hung Hoá (2019-2022).Since 2022 he has been vicar general and responsible for the Son Loc Cathedral and the liturgical Commission of the diocese of Hung Hoá. (Agenzia Fides, 15/3/2025)
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    MIL OSI Europe News

  • MIL-OSI Europe: Angelus – Pope Francis from the Gemelli Hospital: “I join with so many brothers and sisters who are sick: Our bodies are weak but, even like this, nothing can prevent us from loving and praying”

    Source: Agenzia Fides – MIL OSI

    Sunday, 16 March 2025

    Vatican Media

    Rome (Agenzia Fides) – In the Transfiguration, “Jesus shows the disciples what is hidden behind the gestures He performs in their midst: the light of His infinite love,” reads Pope Francis’s text for the Angelus prayer, published by the Vatican this Sunday, referring to the Gospel for the second Sunday of Lent.”I am sharing these thoughts with you,” the Pope writes, “while I am facing a period of trial, and I join with so many brothers and sisters who are sick: fragile, at this time, like me. Our bodies are weak but, even like this, nothing can prevent us from loving, praying, giving ourselves, being for each other, in faith, shining signs of hope.””How much light shines,” the Bishop of Rome continues in his reflections, “in this sense, in hospitals and places of care! How much loving care illuminates the rooms, the corridors, the clinics, the places where the humblest services are performed! That is why I would like to invite you, today, to join me in praising the Lord, who never abandons us and who, in times of sorrow, places people beside us who reflect a ray of His love.”The Pope, whose condition is slowly but steadily improving according to medical reports, thanks “everyone for your prayers” and, he writes, “those who assist me with such dedication. I know that many children are praying for me; some of them came here today to “Gemelli” as a sign of closeness. Thank you, dearest children! The Pope loves you and is always waiting to meet you.”In the morning, around 500 children gathered in the square forecourt of the Gemelli Hospital, where the statue of John Paul II stands. This was a delegation of children of many nationalities, supported by UNICEF and the Caritas office of the Diocese of Aversa, who expressed their affection for the Pope in this way.From the hospital, Pope Francis asked again to continue “to pray for peace, especially in the countries wounded by war: tormented Ukraine, Palestine, Israel, Lebanon, Myanmar, Sudan, and the Democratic Republic of the Congo”. (F.B.) (Agenzia Fides, 16/3/2025)
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    MIL OSI Europe News

  • MIL-OSI Europe: Unchanged global climate policies will cost India 19% and world 15% of GDP by 2050 | Interview with The Economic Times

    Source: Deutsche Bundesbank in English

    The interview was conducted by Deepshikha Sikarwar & Vinay Pandey.
    How do you see US president Donald Trump’s election weighing in on the entire climate debate?
    We are central bankers and supervisors, so we are non-political. We are data-dependent and science-based. We are here together to discuss the impact of climate and nature-related risks on our economies. Talking about climate change in general, there are two major risks: physical risks; meaning increasing numbers of droughts, floods, hurricanes and wildfires. And transition risks, which are the costs and consequences of the transition to net zero.
    If climate policy falls short then, of course, economic and financial risks will increase. That’s what central banks must look at. We analyze the data and see what kind of impact climate change has on the economy. That’s our job. We must deal with these risks, and we will address them, also towards governments.
    What does the withdrawal of the US Federal Reserve mean for NGFS and its agenda? 
    The NGFS was founded at the end of 2017. At that time, we were only eight members. Now we are 144. The Fed, as you just mentioned, left in January. Except for the US, none of the members have exited so far. Instead, thirteen new members have joined since I took over as NGFS Chair at the start of 2024. So, we are still a growing organization.
    And our agenda stays the same, because it has nothing to do with the exit of one member. If we see deregulation, if we see climate being taken off the policy agenda, then we might see increasing physical risk, meaning an acceleration of climate change. And that might mean that we even become more vocal on the risks we see.
    How do you see India’s progress? What more needs to be done?
    It’s not up to me to judge the stance and actions of our colleagues from the Reserve Bank of India. I just mentioned our latest update on the long-term scenarios about GDP being 15 % lower, worldwide, than in a world without climate change. For India, the GDP loss is even bigger. If the world keeps its current policies unchanged, global temperatures are expected to rise by three degrees Celsius (on average). And this could cost India roughly 19 % of GDP by 2050, compared to a world without climate change. So, for India, we show that climate change can have even more serious consequences than elsewhere. And, at the same time, the scenarios show that India is among those countries who would benefit the most from a global transition towards net zero emissions.
    You’ve said your actions are data dependent. What is the data telling us in terms of the economic impact of climate change? Because there is also a pushback.
    We are analytical powerhouses. Our climate scenarios are our flagship product. We have set up different long-term scenarios. For example, a current policy scenario or a fragmented world one, where climate policy is delayed, divergent and/or insufficient across the globe. Or a scenario where policy would bring us to a Paris-aligned world. We look at what those different climate scenarios mean in economic terms, for GDP, inflation, productivity, and so on.
    The fifth vintage of our long-term climate scenarios was published at the start of November last year. It told us that under the current policies scenario, global GDP will be 15 % lower globally in 2050 than it would be without climate change. This is a striking number, and in fact we have reason to believe that it doesn’t even show the full picture, because we do not yet have a full set of data. It does not reflect, for example, future sea level rises, or the kind of climate migration that we might see. When we have more data, we will get more insights, and the results might even change.
    What has the conversation been like at the plenary in the backdrop of the US exit and what is the assessment of the progress made so far?
    We’ve never seen such a strong commitment as we see here in India today. More than 100 people from over 60 countries came from all around the world to be here in person. Another 100 people participated virtually. We’ve never had so many senior level representatives from central banks and financial supervisors. We have more than 25 governors or deputy governors here in India at our annual meeting. 
    What we’ve reflected on today is how political headwinds, deregulation, impact our work. And our work stays the same, because we are non-political animals, and we stick to our mandates. With so many central banks from all over the world in our network, we all have different mandates. In emerging markets or developing countries, the mandates are often not as narrow as they are in, for example, Europe. So, we do have members with broader mandates. That allows them to do different things, such as promoting green finance or other financial sector development.
    Most central banks have initiated some sort of action on tackling climate change and its economic impact. What is your assessment of the progress and what more is needed?
    With 144 members from all over the globe, there are members at completely different stages, depending on when they started and how big their capacities are. Some members are very advanced, like the French, the Dutch, the UK, and there are those who have just started or are so small that they barely have capacity.
    What are the advanced central banks doing? They have started with climate stress testing in the banking sector. For example, in Europe, we have already done a few climate stress tests. In India, Brazil and many countries in Africa, you see that climate change strongly affects food prices. We also see, in some African countries for example, that energy prices are significantly affected by climate change. We cannot rely on past data or experiences; we need a forward-looking perspective. There’s a lot of uncertainty and non-linearity. So, we must work in terms of scenarios.
    When the NGFS was set up in December 2017, there were some central banks who thought, “oh my god, there’s climate change and we do not know at all whether this will affect our work, our mandates”. We thought, “this might be such a big threat that it’s better to collaborate, put together all the resources we have and to see what will come out”. This is why the NGFS was set up. Over the years, we have not only realized that climate change really matters to the economy but also confirmed that it affects our mandates.
    The whole idea of this network is that we share our knowledge amongst our members. This is the benefit of being a member of the NGFS. And we also produce public goods like the scenarios mentioned, which can be used by financial sector players and policymakers beyond the network.
    Different governments have different commitments to climate change and central banks have different mandates. Given that, how effective can this body be?
    Climate policy is not part of our mandate. What governments do is another thing. Of course, our analysis shows that if governments take less action on climate, it will have a huge impact on the economy, often also on inflation.
    You are right, central banks globally have a wide range of different tasks and mandates. But this is also the beauty of our network. 144 different organisations learn from each other. Many members – for example emerging markets – have a lot in common with each other. These countries often form groups among peers so that they can share experience and best practice.
    Any thinking on short-term scenario mapping?
    We will soon publish our short-term scenarios with a time horizon of three to five years, hopefully in the first half of the year. We think it is important to show what will happen within this time horizon.
    Not many care about 2050 and 2100. Not many of us work over this time horizon. If you are a CEO, your contract lasts 3‑5 years. If you’re a politician, you want to be re-elected within 3‑5 years. A scenario which tells you what might happen in 2050, of course, really matters for human beings. But, to tell the story to someone who thinks short term, you need also short-term scenarios.
    © The Times Group. All rigths reserved.

    MIL OSI

    MIL OSI Europe News

  • MIL-OSI China: Booming blueberry industry elevates SW China’s Yunnan to global supplier

    Source: China State Council Information Office

    While blueberry bushes in most parts of China are just beginning to bloom, early-ripening varieties in southwestern Yunnan Province are already being harvested.

    Farmers are currently working tirelessly to pick and pack the fresh berries, which swiftly make their way to markets across China and beyond.

    Originally native to North America, blueberries have found a second home in China.

    In 2024, the country’s blueberry cultivation area surpassed 73,000 hectares, yielding around 500,000 tonnes of berries, making China one of the fastest-growing blueberry producers in the world. Yunnan Province, with its ideal climate and extended growing season, has emerged as a leading production hub, contributing about 30 percent of the national output.

    Thanks to its unique geographical conditions, abundant sunlight, significant temperature variations between day and night, Yunnan offers an optimal environment for blueberry cultivation. “Yunnan is a natural habitat for blueberries,” said He Jiawei, head of the Institute of Alpine Economic and Botany, Yunnan Academy of Agricultural Science.

    The province is home to 46 wild blueberry species — more than half of China’s total, making it one of the best production areas worldwide.

    The city of Mengzi in Honghe Hani and Yi Autonomous Prefecture is home to over 2,300 hectares of greenhouse-grown blueberry cultivation space, generating over 3 billion yuan (about 418.48 million U.S. dollars) in revenue and improving incomes and livelihoods for more than 20,000 local farmers.

    Min Hongwei set up a 12-hectare blueberry plantation base in Mile, another city in Honghe, last year. “During peak harvest season, our workforce jumps to over 150 people, most of whom are local villagers. They can earn at least 150 yuan per day, and some make as much as 300 yuan,” he said.

    Yunnan’s blueberry boom has attracted over 100 domestic and international companies to Honghe, creating jobs for more than 100,000 people. According to the province’s agricultural department, Yunnan’s blueberry cultivation area reached 16,660 hectares in 2024, producing 171,000 tonnes with an estimated industry value of 17 billion yuan.

    While Chinese blueberries were initially grown for domestic consumption, they are now making their mark on the international stage.

    Chen Canling, sales manager of Anmei, an agriculture and technology company, said the company had successfully entered the Malaysian market this year.

    “To meet export standards, we’ve implemented precision management throughout the supply chain from harvesting techniques to packaging and international logistics,” Chen said. “Our goal is to export 300 tonnes of blueberries this year.”

    “Every four days, we airfreight two tonnes of blueberries to Dubai,” said Wang Rui, chairman of Fengji, an agricultural development company, adding that customers in Dubai can enjoy fresh blueberries from Yunnan in about 40 hours.

    China’s blueberry exports are rapidly gaining momentum. According to Kunming Customs, in 2024, the customs office in Mengzi supervised the export of 1,425 tonnes of blueberries, accounting for over half of China’s total blueberry exports and making it the country’s top blueberry exporter.

    “Since China first exported homegrown blueberries to Russia in 2020, they have reached more than 10 countries and regions, highlighting the immense market potential of Chinese blueberries,” said Li Yadong, a professor at Jilin Agricultural University. 

    MIL OSI China News

  • MIL-OSI Asia-Pac: Rosanna Law meets SG official

    Source: Hong Kong Information Services

    Secretary for Culture, Sports & Tourism Rosanna Law today met Singapore’s Minister for Culture, Community & Youth and Second Minister for Law Edwin Tong, briefing him on Hong Kong’s in-depth integration of culture, tourism and sports.

    They also discussed the policies promoted by the governments of both places and explored opportunities to deepen mutual international co-operation in culture, sports and tourism.

    Miss Law noted that as an East-meets-West centre for international cultural exchange, Hong Kong actively promotes diverse cultural exchange activities, such as Hong Kong Super March, which brings together a series of world-class events in a creative and cultural atmosphere.

    “This could attract Mainland and overseas tourists to come to here and experience its unique cultural charm and vitality. In terms of tourism, we will propose innovative and diverse ways to attract more tourists, promote high-quality development of the tourism industry, and pursue the concept of ‘tourism everywhere’.”

    She also pointed out that the opening of Kai Tak Sports Park on March 1 provides Hong Kong with world-class facilities.

    Miss Law said full use will be made of these resources to host more major international events to further enhance the city’s competitiveness, including cohosting the 15th National Games, the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games with Guangdong and Macau.

    The culture chief also said that Hong Kong is pleased to strengthen collaboration with Singapore to promote exchanges in culture, sports and tourism, and explore more opportunities to develop these areas to enhance prosperity in the Asian region.

    MIL OSI Asia Pacific News

  • MIL-OSI: 4BIO Capital Portfolio Company Araris Biotech to be Acquired by Taiho Pharmaceutical for up to USD 1.14 billion

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    4BIO Capital Portfolio Company Araris Biotech to be Acquired by Taiho Pharmaceutical for up to USD 1.14 billion

    • Araris will receive USD 400 million upfront, with the potential for additional near-term and long-term milestone payments of up to USD 740 million
    • 4BIO Capital led the Series A in 2022, following its first investment in the Seed in 2020

    London, United Kingdom, 17 March 2025 – 4BIO Capital (“4BIO” or “the Group”), an international venture capital firm unlocking the treatments of the future by investing in advanced therapies and other emerging technologies, today announces that its portfolio company, Araris Biotech AG (“Araris” or “the Company”), a Swiss oncology biotech company developing next-generation antibody drug conjugates (ADCs) has entered into an agreement to be acquired by Taiho Pharmaceutical Co., Ltd (“Taiho Pharmaceutical”). The acquisition follows a research collaboration between Taiho Pharmaceutical and Araris signed in November 2023 and is expected to be completed in the first half of 2025.

    Under the terms of the agreement, Taiho Pharmaceutical will pay a USD 400 million upfront, with the potential for additional milestone payments of up to USD 740 million, and for a total amount of up to USD 1.14 billion.

    Araris has been an investment out of 4BIO Capital Fund II, and the 4BIO team is proud to have actively supported the fast development and acquisition since the initial investment in 2020. In early 2020, 4BIO Capital recognised the significant potential of next-generation ADCs, however came to the conclusion that linker technologies needed to be improved to take the field to the next level. The 4BIO team subsequently identified Araris as the best-in-class linker-payload ADC platform to address the shortcomings of current generation ADCs. The Company’s AraLinQ™ technology enables the attachment of multiple, synergistic cancer-fighting payloads to a single antibody in an efficient one-step process, whilst ensuring long-term stability and safety of the resulting ADC, as well as increased antitumour effect compared to conventional ADCs. 4BIO Capital supported the company in the development of AraLinQ™ and its proprietary pipeline, leading its Series A in 2022 and supporting the company through multiple large pharma partnerships both as an investor and from the Board with Managing Partner Dima Kuzmin as Chairman, and Brian McVeigh and Dr Therese Liechtenstein as Board Observers.

    Araris is advancing three products for the treatment of haematological and solid tumours developed using its unique AraLinQ™ technology, all of which are currently in the preclinical stage. These products are anticipated to enter into clinical trials between 2025 and 2026 and will benefit from Taiho Pharmaceutical’s clinical development expertise.

    Dr Dmitry (Dima) Kuzmin, Managing Partner at 4BIO Capital and Chairman of Araris, commented, “The success of Araris is a perfect example of the 4BIO Capital playbook. We identified the technological hurdle that needed to be overcome to empower an up-and-coming drug class, identified the best science and the people to solve it and, alongside Araris’ management team, supported the company to secure multiple pharma partnerships, develop its own pipeline and now become part of the Taiho group. This acquisition confirms Araris’ position as one of the most exciting ADC companies in the market and has the potential to return over two times the fund to 4BIO Ventures II investors, further validating our science-driven, high conviction seed investment strategy.”

    Dr Dragan Grabulovski, Chief Executive Officer and co-founder of Araris added, “We sincerely appreciate the support of Dima and the entire team at 4BIO in shaping our company, advancing our science, and helping us reach this important milestone. It’s the kind of investor that brings not only money to the table but also valuable strategic guidance, a network of industry connections, and a shared vision for transforming cancer treatment. Araris has developed a unique ADC technology that delivers different cancer-fighting drugs directly to tumours with high precision. This approach allows multiple treatment methods to work together at the same time while reducing harmful side effects. We are excited to join forces with Taiho Pharmaceutical whose deep expertise in oncology will be instrumental in accelerating the clinical development of our promising ADC candidates for both haematological and solid tumours.”

    Philippe Fauchet OBE, Venture Partner at 4BIO Capital added, “We are delighted to see a seed investment we made in Europe find a skilled partner in a pioneering Japanese pharma company and are very happy to have facilitated the closer partnership. This deal further validates our strategy of building strong bridges between the Japanese and European biotech and pharma companies, which we believe will bring significant benefits to both ecosystems.”

    Details of the acquisition can be found in the press release from Araris and Taiho Pharmaceutical here.

    – End –

    Contacts

    4BIO Capital +44 (0) 203 427 5500
    info@4biocapital.com
       
    ICR Healthcare
    Amber Fennell, Jonathan Edwards, Kris Lam
    +44 (0)20 3709 5700
    4biocapital@icrhealthcare.com

    About 4BIO Capital

    4BIO Capital (“4BIO”) is an international venture capital firm focused on investing in advanced therapies, including genomic medicines and other emerging technologies, to unlock the treatments of the future. 4BIO’s objective is to invest in, support, and grow early-stage companies developing treatments in areas of high unmet medical need, with the ultimate goal of ensuring access to these potentially curative therapies for all patients. Specifically, it looks for viable, high-quality opportunities in cell and gene therapy, RNA-based therapy, targeted therapies, and the microbiome. The 4BIO team comprises leading advanced therapy scientists and experienced life science investors who have collectively published over 250 scientific articles in prestigious academic journals including Nature, The Lancet, Cell, and the New England Journal of Medicine. 4BIO has both an unrivalled network within the advanced therapy sector and a unique understanding of the criteria that define a successful investment opportunity in this space. For more information, connect with us on LinkedIn and Twitter @4biocapital and visit www.4biocapital.com.

    About Araris Biotech AG

    Araris Biotech is a leading independent company pioneering the future of antibody-drug conjugates (ADCs) and redefining the entire paradigm of targeted cancer therapy and beyond. Araris’ vision is a world without chemotherapy and its proprietary conjugation and groundbreaking multi-payload technology represents a quantum leap forward in ADC design, enabling the transformation of any antibody into an ADC with the goal of better safety and efficacy. By enabling the attachment of multiple, synergistic cancer-fighting payloads to a single antibody in an efficient one-step process, Araris is creating a new generation of smart missiles that deliver the potency of combination chemotherapy in a targeted fashion in order to tackle the persistent challenges of cancer resistance. Araris’ investors include 4BIO Capital, b2venture, Pureos Bioventures, Redalpine, Schroders Capital, VI Partners, Wille AG, Institute for Follicular Lymphoma Innovation and Samsung Ventures.

    For more information about our science and pipeline, please visit https://www.ararisbiotech.com

    About Taiho Pharmaceutical Co., Ltd.

    Taiho Pharmaceutical, a subsidiary of Otsuka Holdings Co., Ltd. (https://www.otsuka.com/en/), is an R&D-driven specialty pharma focusing on the fields of oncology and immune-related diseases. Its corporate philosophy takes the form of a pledge: “We strive to improve human health and contribute to a society enriched by smiles.” In the field of oncology, in particular, Taiho Pharmaceutical is known as a leading company in Japan for developing innovative medicines for the treatment of cancer, a reputation that is rapidly expanding through their extensive global R&D efforts. In areas other than oncology, as well, the company creates and markets quality products that effectively treat medical conditions and can help improve people’s quality of life. Always putting customers first, Taiho Pharmaceutical also aims to offer consumer healthcare products that support people’s efforts to lead fulfilling and rewarding lives. For more information about Taiho Pharmaceutical, please visit https://www.taiho.co.jp/en/

    The MIL Network

  • MIL-OSI Asia-Pac: Taiwan FDI Statistics Summary Analysis (Febuary 2025)

    Source: Republic Of China Taiwan 2

    According to the statistics, 290 foreign direct investment (FDI) projects with a total amount of US$1,688,881,000 were approved from January to February 2024. This indicates a decrease of 7.64% in the number of cases, but an increase of 78.34% in FDI amount compared to the same period of 2024.

    With regard to inward investment from Mainland China, 5 cases were approved with an amount of US$96,275,000 from January to February 2025. This indicates an increase of 25% in the number of cases, and an increase of 2475.65% in the FDI amount compared to the same period of 2024. From July 2009 to February 2025, 1,627 cases were approved with a total investment amount added up to US$2,989,443,000.

    In terms of Taiwan’s outbound investment (excluding Mainland China), 88 projects were registered from January to February 2025 with a total amount of US$1,164,628,000, indicating a decrease of 24.14% in the number of cases, and a decrease of 70.73% in the amount, as compared to the same period of 2024.

    As for Taiwan’s outward investment to Mainland China, 35 applications have been approved from January to February 2025, indicating a decrease of 30% compared to the same period of 2024. The approved investment amount is US$223,950,000, 61.60% less than he same period in 2024.

    MIL OSI Asia Pacific News

  • MIL-OSI: GTreasury Pioneers a New Era for CFOs with Adaptable Treasury Solutions

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 17, 2025 (GLOBE NEWSWIRE) — GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced its uniquely adaptable approach to treasury management software, leading a new era in treasury and finance operations. GTreasury’s vision is to empower CFOs and treasurers to adapt, evolve, and conquer both today’s challenges and tomorrow’s opportunities with solutions that can be used both independently and in concert through shared data and workflows.

    In an increasingly volatile market, achieving strategic financial advantages requires more than just connecting disparate financial data or optimizing individual outcomes—it demands true clarity and decisive action. Yet CFOs and Treasurers often face a daunting choice between costly, monolithic systems that take months or years to implement or limited point solutions that constrain future growth.

    “We’ve heard from countless CFOs about their desire for a balance of best-of-breed solutions and the scalability of a single platform. Many felt trapped in a binary choice between a large, rigid system or deploying multiple fragmented point solutions. What they truly want is an adaptable solution platform that grows with their business,” said Renaat Ver Eecke, Chief Executive Officer, GTreasury. “We have revolutionized the way we build and deliver solutions to provide immediate value with long-term scalability, empowering organizations to move quickly while building for the future.”

    Because each organization faces unique treasury and finance complexities, GTreasury supports every stage of treasury maturity—from cash visibility and forecasting to risk, debt, investments, payments, and netting. Through comprehensive bank and ERP connectivity and agent-driven data insights, GTreasury creates an orchestrated data environment that enables select solution implementations to go live as soon as 90 days, not months or years. Organizations can start with the solutions they need today and seamlessly adapt as their needs evolve.

    “Businesses today need solutions that deliver both immediate impact and flexibility to support future growth—without compromise,” said Jason Baldree, Chief Customer Officer, GTreasury. “Our adaptable platform connects to any bank, any ERP, anytime and provides interoperable workflows—ensuring customers can realize immediate value while maintaining the flexibility to grow with their business.”

    Serving more than 1,000 customers across 30+ industries and 160+ countries, GTreasury combines industry-leading technology with deep treasury expertise to deliver The Clarity to Act. To learn more about GTreasury’s adaptable treasury solutions, visit https://gtreasury.com/

    About GTreasury

    GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Our industry leading solutions are purposefully designed to support every stage of treasury complexity, from Cash Visibility and Forecasting to Payments, Risk, Debt, and Investments. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.

    GTreasury is headquartered in Chicago, with locations serving EMEA (Dublin and London) and APAC (Sydney, Singapore, and Manila).

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    The MIL Network

  • MIL-OSI: Nokia and Hetzner enhance hosting infrastructure for scalable, automated, and sustainable services across Europe

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Hetzner enhance hosting infrastructure for scalable, automated, and sustainable services across Europe

    • Companies to future-proof data center and core network infrastructure to support growing digital demands
    • Deployment now live in Germany and Finland and will expand across Europe
    • Future-ready architecture supports 400G and 800G interconnectivity, equipping Hetzner’s network for long-term growth

    17 March 2025
    Espoo, Finland – Nokia has been selected by Hetzner, a leading European hosting provider, to upgrade its data center and core network infrastructure. With growing demand for high-performance hosting services, this deployment enables Hetzner to scale efficiently, improve automation, and maintain industry-leading uptime, ensuring seamless digital experiences for businesses and end users.

    By deploying Nokia’s carrier-grade routing solutions, Hetzner is optimizing its network with ultra-reliable, high-performance connectivity while reducing operational complexity. The deployment, now live in Germany and Finland, will expand across Europe to meet increasing digital infrastructure demands. Nokia’s energy-efficient routers, combined with advanced automation and real-time telemetry, provide Hetzner with the visibility and resilience needed to support next-generation workloads.

    “Through close collaboration with Nokia, we have been able to integrate new technology effectively into our system. This has ensured we remain flexible and agile whilst improving our data centers to meet our customer’s needs. Whether it is higher bandwidth, improved network availability, or optimized energy efficiency — we always find the best solutions by working with Nokia and further receive the responsive support we have grown to rely on,” said Martin Fritzsche, Head of Network at Hetzner.

    “Empowering one of Europe’s largest hosting providers with state-of-the-art reliability and performance is key to driving the next generation of digital services. With our leading routing technology, Hetzner gains the scalability, automation, and energy efficiency needed to meet growing demands while optimizing operational efficiency. This deployment shows our shared commitment to innovation, resilience, and sustainability in data center networking,” said Matthieu Bourguignon, Senior Vice President for Network Infrastructure Europe, Nokia.

    The solution includes Nokia 7750 SR-1x routers, designed for carrier-grade reliability, power efficiency, and scalability. Hetzner benefits from single-lambda 100G transceivers, enhancing density and energy efficiency while reducing infrastructure costs. Nokia’s gNMI-based telemetry provides real-time network visibility, allowing Hetzner to automate and optimize operations with minimal intervention. With a future-ready architecture supporting 400G and 800G interconnectivity, Hetzner’s network is equipped for long-term growth.

    This win highlights Nokia’s ability to deliver robust, scalable, and sustainable networking solutions that power the next generation of digital services across Europe.

    Multimedia, technical information and related news
    Product Page: Coherent Routing

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Hetzner
    Hetzner is a German IT company and one of Europe’s largest and most trusted internet service providers, founded in 1997. It operates several thousand servers in state-of-the-art, energy-efficient data center parks in Nuremberg and Falkenstein (Germany) and Helsinki (Finland). Additionally, it has expanded its infrastructure to Singapore and the US.

    Hetzner is best known for its dedicated servers and virtualized server infrastructure, optimized for performance, reliability, and efficiency. It stands out through its high technological quality and strong customer focus. With competitive pricing and professional customer support, Hetzner is the ideal hosting partner for businesses and internet projects of all sizes. Thanks to its strong market presence and constant drive for innovation, Hetzner has taken on a leading role not only in Europe but also internationally.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

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    The MIL Network

  • MIL-Evening Report: Japanese encephalitis has claimed a second life in NSW and been detected in Brisbane. What is it?

    Source: The Conversation (Au and NZ) – By Cameron Webb, Clinical Associate Professor and Principal Hospital Scientist, University of Sydney

    encierro/Shutterstock

    A second man has died from Japanese encephalitis virus in New South Wales on March 6, the state’s health authorities confirmed on Friday. Aged in his 70s, the man was infected while holidaying in the Murrumbidgee region.

    This follows the death of another man in his 70s in Sydney last month, after holidaying in the same region in January.

    Japanese encephalitis virus has also been detected for the first time in mosquitoes collected in Brisbane’s eastern suburbs, Queensland health authorities confirmed on Saturday.

    With mosquito activity expected to increase thanks to flooding rains brought by Ex-Tropical Cyclone Alfred, it’s important to protect yourself from mosquito bites.

    What is Japanese encephalitis virus?

    Japanese encephalitis is one of the most serious diseases that spreads via mosquitoes, with around 68,000 cases annually across Southeast Asia and Western Pacific regions.

    The virus is thought to be maintained in a cycle between mosquitoes and waterbirds. Mosquitoes are infected when they feed from an infected waterbird. They then pass the virus to other waterbirds. Sometimes other animals, and people, can be infected.

    Pigs are also a host, and the virus has spread through commercial piggeries in Victoria, NSW and Queensland. (But it poses no food safety risk.)

    Feral pigs and other animals can also play a role in transmission cycles.

    What are the symptoms?

    Most people infected show no symptoms.

    People with mild cases may have a fever, headache and vomiting.

    In more serious cases – about one in 250 people infected – people may have neck stiffness, disorientation, drowsiness and seizures. Serious illness can have life-long neurological complications and, in some cases, the infection can be life-threatening.

    There’s no specific treatment for the disease.

    When did Japanese encephalitis get to Australia and why is it in Brisbane?

    Outbreaks of Japanese encephalitis had occurred in the Torres Strait during the 1990s. The virus was also detected in the Cape York Peninsula in 1998.

    There had been no evidence of activity on the mainland since 2004 but everything changed in the summer of 2021–22. Japanese encephalitis virus was detected in commercial piggeries in southeastern Australia during that summer.

    This prompted the declaration of a Communicable Disease Incident of National Significance. At the time, flooding accompanying the La Niña-dominated weather patterns and a resulting boom in mosquito numbers, and waterbird populations, was thought responsible.

    The virus has spread in subsequent years and has been detected in the mosquito and arbovirus surveillance programs as well as detection in feral pigs and commercial piggeries in most states and territories. Only Tasmania has remained free of Japanese encephalitis virus.

    Human cases of infection have also been reported. There were more than 50 cases of disease and seven deaths in 2022.

    Cases of Japanese encephalitis have already been reported from Queensland in 2025.

    Due to concern about Japanese encephalitis virus and other mosquito-borne pathogens, health authorities around Australia have expanded and enhanced their surveillance programs.

    In Queensland, this includes mosquito monitoring at a number of locations, including urban areas of southeast Queensland. Mosquitoes collected in this monitoring program tested positive for Japanese encephalitis virus, promoting the current health warnings.

    Why is its detection in Brisbane important?

    Up to now, scientists have thought the risk of Japanese encephalitis was likely greatest following seasons of above-average rainfall or flooding. This provides ideal conditions for waterbirds and mosquitoes.

    But the activity of Japanese encephalitis virus over the summer of 2024–25 has taken many scientists by surprise. Before Ex-Tropical Cyclone Alfred arrived, there had been somewhat dry conditions with less waterbird activity and low mosquito numbers in many regions of eastern Australia.

    However there has still been widespread Japanese encephalitis virus activity in Victoria, NSW and Queensland.

    To date, Japanese encephalitis virus activity hasn’t extended to the coastal regions of southeast Queensland. The detection of the virus in suburban Brisbane may require authorities to rethink exactly where the virus may turn up next. Authorities are ramping up their surveillance to see just how widespread the virus is in the region.

    Health authorities and scientists are also trying to understand how the virus moved from western areas of the state to the coast and what drives virus transmission in different regions.

    There is currently no evidence the virus is active in coastal regions of northern NSW.

    Mosquitoes collected in Brisbane have tested positive for Japanese encephalitis virus.
    A/Prof Cameron Webb (NSW Health Pathology)

    What can people do to protect themselves?

    Avoiding mosquito bites is the best way to reduce the risk of Japanese encephalitis virus.

    Cover up with long-sleeved shirts and long pants for a physical barrier against mosquito bites.

    Use topical insect repellents containing DEET, picaridin, or oil of lemon eucalyptus. Be sure to apply an even coat on all exposed areas of skin for the longest-lasting protection.

    Ensure any insect screens on houses, tents and caravans are in good repair and reduce the amount of standing water in the backyard. The more water there is around your home, the more opportunities for mosquitoes there are.

    A safe and effective vaccine is available against Japanese encephalitis. Each state and territory health authority (for example Queensland, NSW, Victoria) have specific recommendations about access to vaccinations.

    It may take many weeks following vaccination to achieve sufficient protection, so prioritise reducing your exposure to bites in the meantime.

    Cameron Webb and the Department of Medical Entomology, NSW Health Pathology and University of Sydney, have been engaged by a wide range of insect repellent and insecticide manufacturers to provide testing of products and provide expert advice on medically important arthropods, including mosquitoes. Cameron has also received funding from local, state and federal agencies to undertake research into various aspects of management of various medically important arthropods.

    Andrew van den Hurk has received funding from local, state and federal agencies to study the ecology of mosquito-borne pathogens, and their surveillance and control. He is an employee of the Department of Health, Queensland government.

    ref. Japanese encephalitis has claimed a second life in NSW and been detected in Brisbane. What is it? – https://theconversation.com/japanese-encephalitis-has-claimed-a-second-life-in-nsw-and-been-detected-in-brisbane-what-is-it-252373

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: President Lai addresses opening of 2025 Yushan Forum

    Source: Republic of China Taiwan

    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.

    Details
    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
    2025-02-24
    President Lai meets Japanese House of Representatives Member Tamaki Yuichiro
    On the afternoon of February 24, President Lai Ching-te met with Japanese House of Representatives Member Tamaki Yuichiro. In remarks, President Lai noted that Taiwan and Japan are important trading partners. The president expressed hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones and build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. A translation of President Lai’s remarks follows: I would like to start by warmly welcoming Representative Tamaki on his first trip to Taiwan. Now is a key moment for the cooperative ties between Taiwan and Japan, and the fact that Representative Tamaki has chosen to take time out of his busy schedule to make this trip demonstrates his especially meaningful support for Taiwan. For this I want to express my deepest gratitude. At the beginning of this month, Japan and the United States held a summit meeting. In the post-summit joint leaders’ statement the government of Japan reiterated the importance of maintaining peace and stability across the Taiwan Strait, opposed any attempts to unilaterally change the status quo by force or coercion, and expressed support for Taiwan’s meaningful participation in international organizations. I would like to thank the government of Japan for these statements. Taiwan and Japan are both responsible members of the international community. I welcome an even firmer friendship between Japan and the US and hope to see cooperation among Taiwan, Japan, and the US become a solid force in consolidating peace and stability in the Indo-Pacific region. In addition to complex international conditions, we now also face the threat of China’s red supply chain. More and more countries are becoming increasingly concerned about such issues as economic security and supply chain resilience. As authoritarianism consolidates, democratic nations must also come closer in solidarity. Taiwan and Japan are important trading partners. I hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones, and that we can build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. Lastly, I would like once again to welcome Representative Tamaki to Taiwan and wish him a successful visit. I hope he departs Taiwan with a deep impression and that he will visit again. Representative Tamaki then delivered remarks, noting that this was his first visit to Taiwan and thanking President Lai and officials of the Taiwan government for their warm welcome. Pointing out that Taiwan-Japan ties are closer than ever thanks to the major efforts made on this front by President Lai since taking office, Representative Tamaki expressed his admiration and gratitude. Representative Tamaki pointed out that in a changing global landscape, Taiwan, Japan, and the Indo-Pacific region all face major changes, but he firmly believes that Taiwan-Japan relations will develop even further. Recalling President Lai’s previous remarks, the representative said that Japan and the US recently held a summit meeting that yielded important results. In the joint leaders’ statement, he noted, the two sides made a clear commitment regarding peace and stability across the Taiwan Strait and firmly opposed any attempts to unilaterally change the status quo by force or coercion. Representative Tamaki said that the ruling Liberal Democratic Party and the Komeito did not win a majority in last year’s House of Representatives general elections, while the number of seats held by his own Democratic Party for the People quadrupled. This result, he said, has filled him with a feeling of great responsibility. Moving forward, he intends to continue promoting Taiwan-Japan cooperation and strengthening relations. Also in attendance at the meeting was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-02-21
    President Lai meets Abe Akie, wife of late Prime Minister Abe Shinzo of Japan
    On the morning of February 21, President Lai Ching-te met with Abe Akie, the wife of late Prime Minister Abe Shinzo of Japan. In remarks, President Lai thanked Mrs. Abe for carrying on the legacy of former Prime Minister Abe, being a benevolent and determined force for regional peace and prosperity, and calling on all parties to continue to place attention on peace in the Taiwan Strait. The president stated that Taiwan will carry on the legacy and spirit of former President Lee Teng-hui and former Prime Minister Abe, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. A translation of President Lai’s remarks follows: Last May, Mrs. Abe came to Taiwan to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao, and we reminisced about the past here at the Presidential Office. I would like to warmly welcome her back today. I am also delighted to be meeting with all guests in attendance. Yesterday, Mrs. Abe and I attended the opening of the very first Halifax Taipei forum, for which Mrs. Abe also delivered a keynote speech earlier today. In her speech, she offered valuable input on global security and democratic development. I would like to thank Mrs. Abe for making this special trip to Taiwan to take part, showing her strong support for Taiwan. Former Prime Minister Abe pioneered the vision of a free and open Indo-Pacific, and called on the international community to pay attention to peace and stability in the Taiwan Strait and Indo-Pacific. These have become common strategic goals of democratic countries around the world and will have a far-reaching influence over international developments and Taiwan’s security. They were important contributions that former Prime Minister Abe made in regard to the Taiwan Strait and the Indo-Pacific region. Recently, current Prime Minister of Japan Ishiba Shigeru and United States President Donald Trump held a meeting and jointly reiterated the importance of peace and stability across the Taiwan Strait, as well as opposed unilateral changes to the status quo by force or coercion. They also expressed support for Taiwan’s participation in international organizations. This shows that Prime Minister Ishiba is furthering the legacy of former Prime Minister Abe. We are very grateful for the former prime minister’s friendship toward Taiwan, and to Mrs. Abe for carrying on his legacy. Mrs. Abe is a benevolent and determined force for regional peace and prosperity, and has called on all parties at numerous public venues to continue to place attention on peace in the Taiwan Strait. Last December, for instance, she traveled at the invitation of President Trump and his wife to the US, where she addressed cross-strait issues and spoke up for Taiwan. We were deeply moved by this. As authoritarian states continue to expand, Taiwan will keep working alongside like-minded nations such as Japan and the US, as well as the European Union, to jointly contribute to regional and global peace and prosperity. I look forward to continued advancement of regional peace and prosperity with the help of Mrs. Abe’s efforts. Mrs. Abe will also be meeting with daughter of former President Lee and Lee Teng-hui Foundation Chairperson Annie Lee (李安妮) tomorrow. Former President Lee and former Prime Minister Abe were both fully devoted to promoting Taiwan-Japan relations. We will carry on their legacy and spirit, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. In closing, I wish you all a smooth and successful visit. Mrs. Abe then delivered remarks, first expressing her sincere thanks to President Lai for taking the time to meet. She said that former Prime Minister Abe hailed from Yamaguchi Prefecture, and that accompanying her that day were House of Councillors Member Kitamura Tsuneo, Yamaguchi Prefecture Governor Muraoka Tsugumasa, Yamaguchi Prefectural Assembly Deputy Speaker Shimata Noriaki, and many other important figures from Yamaguchi. If former Prime Minister Abe’s spirit could look upon this scene, she said, he would certainly be very pleased. Mrs. Abe recalled that when the former prime minister passed away, then-Vice President Lai traveled to their official residence to express his condolences and pay tribute. She said that she will never forget such a gesture of deep friendship, heartfelt condolences, and care. The year before last, she indicated, a memorial photo exhibition for former Prime Minister Abe was held in Taiwan, and many Taiwanese people from all walks of life came to view it. Last year, Mrs. Abe continued, she had the privilege of attending President Lai’s inauguration ceremony, where she met with many friends from Taiwan and personally felt the close and beautiful ties that Taiwan and Japan share. Mrs. Abe stated that she will carry out the wishes of former Prime Minister Abe and do her utmost to help raise Taiwan-Japan relations to new heights, saying that she looks forward to hearing the advice that President Lai and all those present have to offer. The delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    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-OSI Asia-Pac: The Nanzih Technology Industrial Park’s first quarter employment recruitment event kicks off on March 21. Six major enterprises will offer over 100 job vacancies.

    Source: Republic Of China Taiwan 2

    The Nanzih Technology Industrial Park (NTIP) will host the first-quarter on-site employment recruitment event on Friday, March 21, bringing together six well-known enterprises, including OSE, ASE Semiconductor, WinWay Technology, Ralec, Taiwan SumiKo Materials Co., LTD., and Sinso Enterprise Co., LTD., offering 139 job vacancies. Salaries go up to NT$42,000 per month, covering positions such as process engineers, equipment maintenance engineers, and environmental management personnel, aiming to attract professionals with relevant backgrounds.
    The Bureau of Industrial Parks (BIP) of the Ministry of Economic Affairs (MOEA) stated that this employment recruitment event not only provides technical and managerial positions but also includes a comprehensive training program to help job seekers integrate into the workplace quickly. Among them, OSE offers positions such as process engineers, quality assurance engineers, and product engineers, with starting salaries of NT$37,000, targeting talents with electronics, electrical engineering, or mechanical engineering backgrounds. Meanwhile, Sinso Enterprise Co., LTD. offers 50 environmental management positions with salaries of up to NT$42,000 per month, along with vacancies for cleaning management supervisors and on-site administrators.
    The employment recruitment event also underscores corporate social responsibility, with OSE establishing a dedicated section for job seekers with disabilities, offering suitable positions tailored to their expertise. This initiative not only expands employment opportunities but also promotes workplace diversity and inclusion.
    The BIP of MOEA emphasized that as NTIP continues to develop as a high-tech industrial hub in southern Taiwan, this employment recruitment event serves as an effective platform for connecting companies with job seekers. Businesses can use this opportunity to recruit top talent, while job seekers can secure employment quickly, creating a win-win situation for all parties.
    Interested job seekers are encouraged to bring their resumes and attend on-site interviews at the New Employee Service Center of Nanzih Technology Industrial Park (3rd Floor, Rooms 304 & 305, No. 8, Xinjian South Road, Nanzih District, Kaohsiung City) on March 21. For more details, visit the event website: https://pse.is/76umpu or contact Ms. He at the Nanzi Employment Service Desk of the Training and Employment Center (07-3640508).

    Contact Person: Liang, Shu-Juan (Industrial Safety and Labor Affairs Section of the Environment and Labor Affairs Division)
    Contact Number: 886-7-3611212 ext. 418
    Email: ab0413@bip.gov.tw

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous

    Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne

    A fire at a nightclub in North Macedonia has killed at least 59 people and injured more than 150. The blaze broke out at the Pulse nightclub in Kočani, where around 500 people were attending a concert.

    Witnesses reported that pyrotechnics used during the performance ignited the ceiling, causing flames to spread rapidly.

    Authorities have arrested 20 people so far, including the club’s manager. Investigations continue. The North Macedonian government has declared a seven-day mourning period.

    While building fires are not limited to nightclubs, many of the most devastating building fires in history have happened in nightclubs around the world. So why are nightclubs such a risky place for deadly fires?

    A long history of nightclub fires

    A look at past nightclub fires shows just how common and deadly they’ve been in the past 100 years. We identified at least 24 nightclub fires where ten or more people died since 1940.

    Collectively, these 24 incidents account for at least 2,800 deaths, with nearly 1,300 in the 21st century alone.

    The Cocoanut Grove fire (Boston, 1942) remains the deadliest on record, killing 492 people. The club’s flammable decorations and locked exits turned what should have been an ordinary night out into one of the worst fire disasters in history.

    In Argentina, the República Cromañón fire killed 194 people in 2004, caused by pyrotechnics igniting flammable materials inside the club.

    The Kiss nightclub fire in Brazil in 2013 was even deadlier, claiming 242 lives.

    More recently, Thailand’s Mountain B nightclub fire killed 23 people in 2022.

    And in 2023, 13 people died in a fire at the Fonda Milagros nightclub in Spain.

    Now, North Macedonia’s Pulse nightclub joins this long list.

    Why are nightclubs so risky for fires?

    A review of past nightclub fires we’ve collated in our database reveals common patterns. Two key factors have contributed to the frequency and severity of these fire disasters.

    1. Pyrotechnics, fireworks and flammable materials

    One of the most common causes of nightclub fires has been the use of pyrotechnics in enclosed spaces. Pyrotechnics are controlled chemical reactions designed to produce flames, smoke, or light effects.

    They have been involved in at least six of the deadliest nightclub fires, including the recent Pulse nightclub fire in North Macedonia, as well as The Station (United States, 2003), Kiss (Brazil, 2013), Colectiv (Romania, 2015), Lame Horse (Russia, 2009) and República Cromañón (Argentina, 2004).

    When used indoors, pyrotechnics can easily ignite flammable ceiling materials, acoustic foam, or decorations.

    In some cases, fireworks – which are different from stage pyrotechnics and sometimes illegally used indoors – have played a role. The Lame Horse nightclub fire, which killed 156 people in Russia in 2009, was caused by a spark from fireworks igniting a low ceiling covered in flammable plastic decorations.

    Even when fires don’t start from pyrotechnics or fireworks, the materials used in nightclub interiors can rapidly turn a small fire into a major disaster.

    Foam insulation, wooden panelling, plastic decorations and carpeted walls have all been key factors in past nightclub fires. In Cocoanut Grove (Boston, 1942), artificial palm trees and other flammable decorations accelerated the blaze.

    2. Overcrowding and blocked or insufficient exits

    Evacuation failures have been a factor in nearly every major nightclub fire.

    In some instances, crowds may not immediately recognise the severity of the situation, especially if they mistake alarms for false alarms or special effects (for example, smoke machines, loud music).

    Further, patrons could be intoxicated due alcohol or other drugs. Intoxication combined with potential disorientation due to dim lighting can further reduce judgement during an evacuation.

    Clearly, the best way to protect patrons is to prevent a fire from breaking out in the first place. But in settings where fire risks are inherently high, the ability to evacuate people swiftly is crucial.

    Nightclubs, however, have a poor track record when it comes to evacuation safety measures.

    Nightclubs are among the most crowded indoor spaces. While crowd density is part of a nightclub’s design and atmosphere, overcrowding beyond legal capacity is common.

    A crowd that has gradually gathered over several hours must suddenly evacuate in seconds or minutes to survive a fire. This is made more difficult by narrow hallways and limited exits, which quickly become bottlenecks when hundreds of people attempt to escape at once.

    What’s more, not all exits are always accessible during a fire. In several past nightclub disasters, locked or obstructed emergency exits have significantly worsened the death toll.

    Minimising the risks

    Nightclubs are uniquely vulnerable to fires due to a combination of structural risks, unsafe materials, overcrowding and regulatory failures.

    While human behaviour plays a role in how fires unfold in confined spaces such as nightclubs, people should be able to go for a night out and expect to come home safely.

    Regulatory oversight must ensure strict compliance with fire codes. Venues should have fire suppression systems (such as sprinklers, fire extinguishers and smoke detectors) to control or contain fires before they spread, and adequate exits.

    Nightclubs should ban indoor pyrotechnics and fireworks, as history has repeatedly shown their deadly consequences.

    Capacity limits must be enforced, and emergency exits should always be accessible.

    Australia has strict fire safety regulations for nightclubs, with venues required to have fire suppression systems, emergency exits and trained staff to manage fire risks.

    Public awareness is also key. Patrons need to understand the real risk of fires in nightclubs, and be prepared to evacuate swiftly but calmly if danger arises.

    Ruggiero Lovreglio receives funding from Royal Society Te Apārangi (NZ) and National Institute of Standards and Technology (USA).

    Milad Haghani 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. Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous – https://theconversation.com/many-of-historys-deadliest-building-fires-have-been-in-nightclubs-heres-why-theyre-so-dangerous-252372

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Renewal of Bilateral Local Currency Swap Agreement with Bank of Japan

    Source: Reserve Bank of Australia

    The Reserve Bank of Australia and Bank of Japan have renewed the Bilateral Local Currency Swap Agreement for a further three years.

    The initial swap agreement between the two central banks was signed in 2016 and has been renewed for three-year periods since that time. Each agreement is designed to enhance the financial stability of the two countries, and allows for the exchange of local currencies between the two central banks of up to A$20 billion or JPY 1.6 trillion.

    MIL OSI News

  • MIL-Evening Report: Serwah Attafuah: a powerful and most welcome voice in contemporary Australian art

    Source: The Conversation (Au and NZ) – By Dominic Redfern, Associate Professor, School of Art, RMIT University

    Serwah Attafuah, The Darkness Between The Stars, JOAN. Landscape still. Courtesy of the artist.

    Virtuosic digital artistry is on show in Serwah Attafuah’s installation The Darkness Between the Stars, currently showing at ACMI.

    The work fiercely challenges stereotypes of black femininity and draws upon the history and culture of the Ashanti people of modern-day Ghana, one of the countries most affected by the Atlantic slave trade and the site of remembrance and pilgrimage for many descendants of the people trafficked as slaves.

    Serewah is part of a generation of video artists like Melbourne’s Xanthe Dobbie, British artist Rachel Maclean, and Paris based, French Guianese artist Tabita Rezaire. These artists all channel the moving image culture of gaming and the internet, rather than the cinematic or televisual references of their forebears.

    Each of these artists uses exuberant humour and a tough-minded politic to challenge the reductive construction of female and queer identities.

    As we pass through the arch at the entry to the gallery, we are greeted by a 3D animation of an ocean reflecting a sky that cycles from starlit to slowly emerging dawn. We are told the arch references the entry to the Elmina castle built by the Portuguese: one of two major points from which enslaved African people were cast into the hell of the Atlantic passage and life in bonds.

    African warriors

    Beyond the entrance we are faced by a series of five screens in portrait format. Each shows short loops of African warriors, suggesting the idealised – and, here, heroic – forms of game avatars a la Fortnite.

    Each of the images is framed in gold e-waste. This brings to mind Congolese street art costumes, similarly made of waste which blend cultural traditions and an Afrofuturist resistance that dares to imagine a better future.

    The first portrait is a furred, horn helmeted, and neck ringed warrior woman. Armed with a laser and an automatic pistol, she has further weapons adorning her back ready to be deployed.

    Serwah Attafuah, The Darkness Between The Stars, ANANSI, 2025.
    Still courtesy of the artist

    Behind and around her are malfunctioning computer screens. One scrolls through an online dating text exchange which evokes the idealised and reductive self-curation of the online profile. This chat is between Jenny and Mark, a FIFO worker on an offshore oil rig in Western Australia. This ties to the images of oil rigs found elsewhere in the show, evoking the plundering of African resources: human and otherwise; historical and ongoing.

    The second screen pictures an armoured woman (or cyborg?) atop a rearing tiger. The tiger is an intriguing choice given it is an Asian animal but potentially points to a pan exoticism rooted in the confusion of cultures.

    She wields a curved blade amid a savannah populated with umbrella thorn acacia and what appear to be comfortingly homely (and amusing) ground-hugging waratahs in the foreground.

    Serwah Attafuah, The Darkness Between The Stars, JOAN, 2025.
    Still courtesy of the artist.

    Complicating fetishes

    Moving around the room, floating robots accompany another warrior who props against a sword supported by a fragmented classical column.

    She stands beneath an oversized moon, evoking an off-world setting, a reading compounded by her protective headwear.

    Alongside a writhing snake, we catch sight of her Betty Davis (no, the Black one) super heels: a clear link to the under-remembered pioneer of Afrofuturism.

    Serwah Attafuah, The Darkness Between The Stars, KING, 2025.
    Still courtesy of the artist.

    Continuing this play of sexual provocation and power is the addition of a techno tutu which further accentuates her already thrusting buttocks.

    The problematisation of sexualised imagery is one of the exhibition’s central themes. Attafuah toys with the Western fetishisation and fear of Black women’s sexuality.

    Occasionally borrowing cliches from the gaming and pornographic worlds, Attafuah forcefully complicates such fetishes by arming four of her five warriors to the teeth. They take aim at us, challenging their construction as passive objects for our visual consumption.

    A further figure, singularly unarmed apart from her thorny armbands, appears in the next frame. She runs through a series of coquettish modelling poses in her mesh bodysuit as she stands amid buzzing screens and computer detritus.

    In yet another confusingly (and amusingly) stereotyped African landscape she is pictured among palm trees and sand, in what I took to be an evocation of a North African environment complete with desert fortress, oil rig and passing container ship.

    In the final of the five portraits a young, braided, and fantastically eyelashed woman takes aim at us with a pistol straight from Star Wars (Rebel Alliance issue, naturally).

    Serwah Attafuah, The Darkness Between The Stars, VENUS, 2025.
    Still courtesy of the artist.

    She stands hip deep in a lagoon of water lilies and floating CDs. A futuristic city fills the background with a slowly turning wind turbine that sports yellow and black radiation colouring – yet another paradoxical meeting in an exhibition characterised by mixed messages that contradict easy readings.

    In The Darkness Between the Stars, Attafuah proves herself to be a powerful, uncompromising and most welcome voice in contemporary Australian art. She proves herself capable of generating sophisticated, nuanced and playful reflections on complex problems that we carry from past to present.

    Serwah Attafuah: The Darkness Between the Stars is at ACMI, Melbourne, until June 1.

    Dominic Redfern works at RMIT with, and previously taught, Xanthe Dobbie.

    ref. Serwah Attafuah: a powerful and most welcome voice in contemporary Australian art – https://theconversation.com/serwah-attafuah-a-powerful-and-most-welcome-voice-in-contemporary-australian-art-250154

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Trump is surveying Australian academics about gender diversity and China – what does this mean for unis and their research?

    Source: The Conversation (Au and NZ) – By Brendan Walker-Munro, Senior Lecturer (Law), Southern Cross University

    Shortly after taking office, US President Donald Trump issued executive orders banning federal funding on so-called “woke” research.

    This is part of his broader ban on all diversity, equity and inclusion (DEI) policies, grants and programs in the US government.

    These orders are massive in scope, impacting studies as varied as stroke recovery, computing and ancient languages.

    The impact in the United States so far has been dramatic. Some universities are already cutting student admissions and looking at ways to shed academic staff and researchers.

    Now the ban has impacted Australian researchers who have links to US government-funded projects. The Trump Administration is asking for information on how their research fits in with US foreign and domestic policy.

    What has happened?

    The US government has sent a 36-point questionnaire to some Australian researchers who are working on joint projects with US colleagues.

    ABC Radio National reports at least eight Australian universities are involved. Their research areas include foreign aid, medicine, vaccines and defence. The New York Times reports a similar document has also been sent to other overseas organisations with US funding links.

    The questions are wide-ranging and cover academics’ links to China as well as their projects’ focus on topics such as diversity, inclusion and gender identity, as well as climate change.

    Some of the specific questions include:

    Can you confirm that your organisation has not received ANY funding from PRC People’s Republic of China, Russia, Cuba or Iran?

    Can you confirm that this is no DEI [diversity, equity and inclusion] project or DEI elements of the project? [sic]

    Does this project take appropriate measures to protect women and to defend against gender ideology as defined in the below Executive Order?

    Can you confirm this is not a climate or “environmental justice” project or include such elements?

    The survey also covers issues such as secure borders with Mexico, ending government waste, terrorism, the war on opioids, and “eradicating anti-Christian bias”.

    Concern and anger

    In response, the Group of Eight (which represents Australia’s top research universities) and Australian Academy of Science have separately raised concerns with the Australian government about the survey and its impact on Australian research.

    The Group of Eight says the US has already suspended or terminated research grants with six of its eight member universities.

    The National Tertiary Education Union also labelled the survey “blatant foreign interference”.

    A spokesperson for Education Minister Jason Clare says Australia is
    “engaging with the US government to understand what these measures mean for future funding and collaboration”.

    Are Trump’s orders legal?

    Trump’s executive orders are currently the subject of numerous lawsuits in the US. Plaintiffs say Trump’s orders violate the First and Fifth Amendments – those dealing with protection of free speech, equal protection and “due process of law” when depriving a citizen of property.

    Whether Trump’s orders are legal or not is a tricky question, and will likely come down the judges hearing each case.

    In the meantime, US government agencies are withholding funding anyway. Reports also suggests Trump has instructed his administration to ignore court orders – hardly surprising, given Trump’s history of contempt of US courts.

    What does this mean for Australia?

    US involvement in Australian research is significant. According to the Academy of Science, US government research funding involving Australian research organisations was $A386 million in 2024.

    It is arguable Trump’s orders infringe Australian sovereignty. But the US has always had the capacity to interfere in Australian university research – it just hasn’t actually done it until now.

    Research contracts signed between universities and funding bodies can contain all kinds of requirements, so US law can end up applying to Australian researchers. When the AUKUS deal was announced in 2021, a huge question was how universities would comply with notoriously harsh US export control laws.

    The survey indicates it was issued by the US Office of Management and Budget and appears to be supported by the US CHIPS and Science Act (which authorises certain research investments) and National Science Foundation policies. So, while Australian researchers could potentially ignore these questionnaires, that would legally give a US funding body grounds to cancel the funding contract.

    Our foreign interference laws also weren’t designed for situations like this. Even if they did, Trump is the current head of the US government, and is likely to be immune from prosecution

    Statutory tests for foreign interference – including criteria that such acts are covert, and/or involve threats of harm – simply don’t apply to a US president like Trump.

    So legally, it doesn’t look like there is much Australia can do about Trump’s orders.

    What can Australia do?

    Some newly unemployed researchers are now poised to leave the US, taking their research with them. This poses a potential security risk, with countries such as China and Russia both keen to capitalise on Trump’s decisions.

    But other nations are also aware of the possibilities. The European Union has already offered displaced US scientists a more “sympathetic place to work”. South Korea and Canada are also marketing themselves as attractive options. Australia could follow suit.

    The federal government is currently doing a strategic review of Australia’s research and development system. This could make diversifying our research partners a national priority.

    This could include revisiting a 2023 decision, not to join Horizon Europe – the European Union’s key research fund.

    Either way, given such radical changes in the US, Australia needs to seriously reconsider how it is funding and structuring research.

    Brendan Walker-Munro has consulted for the Australian Strategic Policy Institute (ASPI) and the Independent National Security Legislation Monitor, and is also an Adjunct Expert Associate of the National Security College. He has received funding from the Social Cyber Institute and Active Cyber Defence Alliance.

    ref. Trump is surveying Australian academics about gender diversity and China – what does this mean for unis and their research? – https://theconversation.com/trump-is-surveying-australian-academics-about-gender-diversity-and-china-what-does-this-mean-for-unis-and-their-research-252282

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Shanghai seeks to become global hub for ‘firsts’

    Source: China State Council Information Office

    The Shanghai government on Sunday announced a series of measures and activities aimed at promoting the high-quality development of what it calls the “debut economy”, as the East China metropolis works to become a global consumption hub, according to official sources.

    The latest policy package seeks to optimize the business environment in the city and encourage the introduction of more “first” stores, debut products, shows and exhibitions.

    According to Commerce Minister Wang Wentao, a series of “first “events is set to take place in Shanghai and other cities aiming to unleash market potential and promote the integration of domestic and international trade.

    “We hope Shanghai will continue to lead the development of the debut economy nationwide and drive high-quality economic growth to a higher level,” Wang said.

    Since introducing policies to boost the debut economy in 2018, Shanghai has become a top destination for domestic and international brands to launch their first stores, debut products and host shows and exhibitions, said Shanghai Mayor Gong Zheng.

    To maintain its appeal as a consumption hub, Shanghai will continue to attract high-quality brands to open their first stores, create new consumption experiences and scenarios, and enhance the business environment, Gong said.

    With the aim of creating “First in Shanghai” as a city brand, the measures seek to attract more high-profile events, position the initiative as a global consumption bellwether and make Shanghai the top choice for international brands entering the Chinese market, said the city’s Vice-Mayor Hua Yuan.

    More than 3,500 domestic and international brands have held debut activities in the city as of the end of 2024, with 1,269 first stores opening in Shanghai last year, Hua said. These included 14 first stores across Asia or beyond and 202 debut stores at the national or Chinese mainland level — leading Chinese cities in both quantity and quality, he added.

    MIL OSI China News