Category: Asia

  • MIL-OSI: KE Holdings Inc. to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 18, 2025 Eastern Time

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 05, 2025 (GLOBE NEWSWIRE) — KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2024 before the U.S. market opens on Tuesday, March 18, 2025.

    The Company’s management will hold an earnings conference call at 8:00 A.M. Eastern Time on Tuesday, March 18, 2025 (8:00 P.M. Beijing Time on Tuesday, March 18, 2025).

    For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below at least 20 minutes prior to the scheduled call start time. Dial-in numbers, passcode and unique access PIN would be provided upon registering.

    Participant Online Registration:

    English Line: https://s1.c-conf.com/diamondpass/10045435-su5md1.html

    Chinese Simultaneous Interpretation Line (listen-only mode): https://s1.c-conf.com/diamondpass/10045436-c4n72s.html

    A replay of the conference call will be accessible through March 25, 2025, by dialing the following numbers:

    United States: +1-855-883-1031
    Mainland, China: 400-1209-216
    Hong Kong, China: 800-930-639
    International: +61-7-3107-6325
    Replay PIN (English line): 10045435
    Replay PIN (Chinese simultaneous interpretation line): 10045436
       

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

    About KE Holdings Inc.

    KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in building infrastructure and standards to reinvent how service providers and customers efficiently navigate and complete housing transactions and services in China, ranging from existing and new home sales, home rentals, to home renovation and furnishing, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its Beike platform. With more than 23 years of operating experience through Lianjia since its inception in 2001, the Company believes the success and proven track record of Lianjia pave the way for it to build its infrastructure and standards and drive the rapid and sustainable growth of Beike.

    For more information, please visit: https://investors.ke.com

    For investor and media inquiries, please contact:

    In China:
    KE Holdings Inc.
    Investor Relations
    Siting Li
    E-mail: ir@ke.com

    Piacente Financial Communications
    Jenny Cai
    Tel: +86-10-6508-0677
    E-mail: ke@tpg-ir.com

    In the United States:
    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: ke@tpg-ir.com

    The MIL Network

  • MIL-OSI Economics: Deputy Secretary-General of ASEAN for Economic Community meets Deputy Director-General of United Nations Industrial Development Organization

    Source: ASEAN

    Deputy Secretary-General of ASEAN for ASEAN Economic Community Satvinder Singh meets Deputy Director-General of the United Nations Industrial Development Organization (UNIDO) Ciyong Zou earlier today at the ASEAN Secretariat/ASEAN Headquarters in Jakarta. Both sides exchanged views on the regional industrial cooperation and closer engagement between ASEAN and UNIDO.

    The post Deputy Secretary-General of ASEAN for Economic Community meets Deputy Director-General of United Nations Industrial Development Organization appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI China: Donnie Yen inspired by ‘Ne Zha 2,’ sees global future for Chinese films

    Source: China State Council Information Office 3

    International kung fu star Donnie Yen, currently in Beijing with another identity — a national political advisor — said he is inspired by the animated juggernaut “Ne Zha 2” and hopes Chinese filmmakers can deliver more great Chinese content to the world.

    Donnie Yen, international kung fu star and a member of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), speaks to reporters before the opening of the CPPCC session at the Great Hall of the People in Beijing, March 4, 2025. [Photo by Zhang Rui/China.org.cn]

    “As a Chinese filmmaker, I’m proud of the achievements made by ‘Ne Zha 2,’” Yen told China.org.cn before the opening of the third session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) at the Great Hall of the People on March 4.

    “Ne Zha 2” has shattered box office records since premiering during the Spring Festival, emerging as a cultural phenomenon both in China and internationally. It has grossed over 14.5 billion yuan ($2 billion) worldwide, making it the highest-grossing animated film of all time, the seventh highest-grossing film in global history and the highest-grossing Chinese film ever.

    “I think it’s truly remarkable and inspiring,” said Yen, adding that he recently brought his entire family to see the film and was captivated by its world-class production quality, which resonates with audiences of all backgrounds. “Over the last few decades, Chinese movies have not only influenced how films are made but have also gained a larger market share, competing with some of the biggest Hollywood studios.”

    He described the film’s success as deeply motivating for his own work, expressing his commitment to using his platform to continue creating films that spread positivity and cultural understanding. He stated, “In films, you can bring in so many great elements, letting audiences see our beautiful country and our beautiful culture.”

    The filmmaker stressed that China has many fascinating aspects to share with the world and hopes more films of different genres will showcase them. However, he noted that the key to Chinese culture going global lies in connecting and resonating with people. “Most importantly, it’s about whether the stories can be down-to-earth and touch people’s hearts,” he said.

    Yen hopes Hong Kong filmmakers can exchange more with and learn from mainland filmmakers. He also urged filmmakers to reassess their approaches to storytelling, content development and marketing strategies, while studying the factors behind the unprecedented success of “Ne Zha 2.” He said he has absolute confidence in Hong Kong’s film industry, particularly with the backing of the expansive mainland cinema market.

    Yen holds a positive attitude toward artificial intelligence, hoping to leverage its power and other cutting-edge technologies to assist in film creation. He emphasized that, from the perspective of historical development, technology inevitably undergoes gradual evolution. “While AI brings challenges to the film industry, it also serves as an encouragement, as challenges drive progress,” he said. “We must learn from AI and not fear it.”

    Renowned for his “Ip Man” kung fu movie franchise, Yen reflected on how such productions have significantly increased global interest in Chinese martial arts. “I do hope Chinese martial arts can successfully apply for UNESCO heritage status. That’s part of my job to push for it.”

    MIL OSI China News

  • MIL-OSI Economics: Global Leaders Convene in Rome for the 2025 IDEAS-NDB Conference on Evaluation for Transformational Change

    Source: New Development Bank

    Rome, Italy, 5 March 2025: Global leaders, policymakers and evaluation experts have come together in Rome for the first day of the 2025 IDEAS-NDB Conference, on the topic of “Multi-Dimensional Evaluation for Influence & Transformation”. Jointly organised by International Development Evaluation Association (IDEAS) and the Independent Evaluation Office (IEO) of the New Development Bank (NDB), the conference will examine how evaluation can drive real-world transformational change in today’s complex global landscape. Lasting for two days, the event is being held at the headquarters of the Food and Agriculture Organization of the United Nations (FAO).

    With the world facing rising geopolitical tensions, economic uncertainty, climate change and widening social inequities, the role of evaluation in shaping evidence-based decision-making has never been more crucial.

    The FAO Director-General Dr. Qu Dongyu highlighted the important role of evaluation as the cornerstone of learning and innovation to ensure effective sustainable development policies, stating: “We cannot solve food security challenges without understanding efficiency, effectiveness and the impacts of investment. Evaluation must move beyond metrics – it must shape the policies and innovations that will help us ensure sufficient and healthy foods for future generations. I believe that this conference can be a stepping-stone towards driving meaningful progress.”

    The event welcomed around 400 global delegates, with Professor Michael Kremer, winner of the 2019 Nobel Memorial Prize in Economics, delivering the keynote speech on the conference theme of multi-dimensional evaluation for influence and transformation. He was joined by senior government officials, policy and decision-makers, high-level officials and heads of evaluation offices from major multilateral development institutions, and representatives of academic and research institutions, non-governmental organizations, the private sector and others.

    Over the two days, the conference will feature high-level discussions, expert panels, and strategy sessions examining a range of interconnected themes crucial to evaluation’s role in tackling the world’s most pressing challenges. These include how evaluation supports progress in achieving the Sustainable Development Goals (SDGs) and understanding the complex relationships between the goals; addressing the nexus of climate change, crises, and development through robust evaluation; recognising the importance of context and culture in shaping evaluation practices; mainstreaming gender equality, human rights, and equity within evaluation frameworks; building evaluation capacity at all levels; and exploring evaluation for sustainable development in the BRICS nations (Brazil, Russia, India, China and South Africa) and other emerging markets and developing countries (EMDCs), which are priority areas for NDB.

    With participation from government agencies, multilateral institutions, the private sector, civil society organisations, and evaluation professionals, the event serves as a global call to action—pushing for more impact-driven, inclusive, and forward-looking evaluation frameworks.

    Ashwani K. Muthoo, Director General of IEO at NDB underscored the urgency for evaluators to change and innovate: “Evaluation must evolve to reflect the complexity of today’s world. We must go beyond traditional metrics to capture lived experiences, measure systemic change, and ensure that development efforts truly reach those who need them most.”

    ——————————

    New Development Bank (NDB)

    NDB is a multilateral bank established in 2015 by Brazil, Russia, India, China and South Africa (BRICS) with the aim of mobilising resources for infrastructure and sustainable development projects in BRICS countries and emerging markets and developing countries (EMDCs). In alignment with its members’ development objectives and commitments under the Sustainable Development Goals (SDGs) and the Paris Agreement, NDB prioritises high-impact operations that are climate-smart, disaster-resilient, technology-integrated, and socially inclusive. NDB’s Independent Evaluation Office (IEO) is responsible for independently evaluating the Bank’s policies, strategies, processes, initiatives and operations. IEO also contributes and provides oversight to improve the effectiveness of the Bank’s quality assurance and self-evaluation activities.

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Govt denies online rumour

    Source: Hong Kong Information Services

    Regarding a message circulating online that claims “the Government has announced that the Clerical Assistant grade will be fully integrated into the Assistant Clerical Officer grade by 2027”, the Civil Service Bureau has clarified that no such announcement has been made.

    The bureau said the matter has been reported to Police.

    It added that the civil service will remain committed to its posts and will make more flexible use of resources to serve the public proactively.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CE attends NPC session in Beijing

    Source: Hong Kong Information Services

    Chief Executive John Lee attended the opening meeting of the third session of the 14th National People’s Congress (NPC) in Beijing today, in his capacity as Chief Executive of the Hong Kong Special Administrative Region.

    The third session of the 14th NPC commenced this morning, during which Premier Li Qiang delivered the government work report, reviewing the work for 2024 and outlining the overall requirements for economic and social development and major tasks of the government for 2025.

    He said the principles of “one country, two systems”, “Hong Kong people administering Hong Kong” and a high degree of autonomy in the Hong Kong SAR should continue to be fully, faithfully and resolutely implemented, while maintaining the constitutional order in the Hong Kong SAR as stipulated in the Constitution and the Basic Law and implementing the principle of “patriots administering Hong Kong”.

    The Premier expressed support for Hong Kong in strengthening economic development and improving people’s livelihood, deepening international exchanges and co-operation, with a view to better integrating into the overall national development and maintaining the long-term prosperity and stability of the city.

    He also highlighted the need to enhance the innovation capabilities and influence of economically advantageous areas, including the Guangdong-Hong Kong-Macao Greater Bay Area.

    The Chief Executive said he was most encouraged, adding that this year marks the conclusion of the 14th Five-Year Plan and the beginning of the formulation of the 15th Five-Year Plan.

    It is also a crucial year for deepening comprehensive reforms, which are of significant importance for the implementation of “one country, two systems”, he added.

    Mr Lee said the Hong Kong SAR Government will continue to fully, faithfully and resolutely implement the principles of “one country, two systems”, “Hong Kong people administering Hong Kong” and a high degree of autonomy.

    He also noted that it will unite all sectors of society to deepen comprehensive reforms, actively understand, respond to and embrace changes, and better leverage the institutional strengths of “one country, two systems” and Hong Kong’s unique and advantages of internationalisation to open up new development opportunities.

    The Hong Kong SAR Government will spare no effort in pursuing economic development, improving people’s livelihood and exploring new growth areas, the Chief Executive stressed.

    Coupled with market forces, the Hong Kong SAR Government will adopt an innovative mindset to take forward the development of the Northern Metropolis and the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone, accelerating the development of the international innovation and technology centre, Mr Lee said.

    Additionally, it aims to consolidate and enhance Hong Kong’s status as an international financial, shipping and trade centre, building the city as an international hub for high-calibre talent, concurrently promoting the bay area’s high-quality development and actively integrating into national development.

    It will also enhance Hong Kong’s international competitiveness, deepen international exchanges and co-operation, and strengthen its role to link the Mainland with global markets, so as to achieve better development in Hong Kong and make further contributions to building the great country and advancing national rejuvenation.

    Mr Lee extended his best wishes for the success of the third session of the 14th NPC and the third session of the 14th Chinese People’s Political Consultative Conference National Committee.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: World Obesity Day: GlobalData highlights need to tackle stigma and raise awareness on obesity’s growing impact

    Source: GlobalData

    World Obesity Day: GlobalData highlights need to tackle stigma and raise awareness on obesity’s growing impact

    Posted in Pharma

    Every year 04 March is observed as World Obesity Day to challenge stigma and misconceptions surrounding obesity. The day aims to raise public awareness about the condition, which affects over 200 million people in the seven major markets (7MM*). Despite advancements in treatment, many face challenges such as limited access to care, making awareness and better support essential for addressing this growing health issue, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report “Obesity: Seven-Market Drug Forecast and Market Analysis- Update,” reveals that the unmet needs in this space remain, and the arrival of effective weight loss medications onto the market is just one step towards the solution.

    Costanza Alciati, Pharma Analyst at GlobalData, comments: “Many new drugs are expected to reach the obesity market in the next decade: by 2031, GlobalData expects 23 candidates to be approved in the major markets. This will offer a wider range of options for patients, hoping that treatment access will have improved by then.”

    GlobalData forecasts that the number of individuals living with obesity across the 7MM to increase at an annual growth rate (AGR) of 0.7% through 2031.

    Alciati continues: “Some of the biggest issues for patients is access to specialists and affordable treatment. An increased awareness of what this condition entails and what other diseases it can lead to is crucial for people to understand that it is not just some extra weight”.

    The key opinion leaders interviewed by GlobalData are hopeful for the future of obesity treatment, after seeing the improvements over the last five years.

    Alciati concludes: “However, most improvements have come from the pharmaceutical sector, with a lot of investments going into this therapeutic area. Alas, many more changes are still needed in our society and in the food industry to ensure better metabolic health of citizens.”

    *7MM: The US, France, Germany, Italy, Spain, the UK, and Japan.

    MIL OSI Economics

  • MIL-OSI Economics: Diagnosed prevalent cases of prostate cancer across 8MM to reach 4.24 million in 2033, forecasts GlobalData

    Source: GlobalData

    Diagnosed prevalent cases of prostate cancer across 8MM to reach 4.24 million in 2033, forecasts GlobalData

    Posted in Pharma

    The burden of five-year diagnosed prevalent cases of prostate cancer is expected to increase at an annual growth rate (AGR) of 3.10% from around 3.23 million in 2023 to 4.24 million in 2033 across the eight major markets (8MM*), forecasts GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Prostate Cancer: Epidemiology Forecast to 2033,” reveals that the increase is partly attributed to the increased survival rate of prostate cancer patients due to modern medicine, combined with underlying demographic changes in the respective markets.

    The prevalence of prostate cancer is known to vary depending on the market region. According to GlobalData epidemiologists, the US had the highest number of five-year diagnosed prevalent cases of prostate cancer in 2023 with 1.11 million cases, whereas Spain had the lowest number of prevalent cases at 128,000.

    Bishal Bhandari, PhD, Associate Director of Epidemiology at GlobalData, comments: “The growth of the five-year diagnosed prevalent cases of prostate cancer in the 8MM is the result of longer life expectancy and an increase in the incidence of the disease. The patient survivals are also steadily rising, due to improved prevention, early diagnosis, and treatment. In 2023, only 25% of the diagnosed prevalent cases of prostate cancer in the 8MM were in advanced stages.”

    GlobalData epidemiologists also observed an age difference in prostate cancer. The biggest risk factor for prostate cancer is advancing age. This forecast reflects the burden in older men; in 2023, more than 85% of cases occurred in men ages 60 years and older. Only 1% of cases occurred in men younger than age 50 years.

    Bhandari concludes: “A major factor that will impact the epidemiology of prostate cancer cases in the coming years will be the role of prostate-specific antigen (PSA) testing for prostate cancer screening. PSA screening can detect prostate cancer early, but it can also result in the detection of non-life-threatening tumors, causing unnecessary anxieties. Therefore, PSA screening guidelines vary between countries and have changed over time. Future changes in PSA screening guidelines would likely have a major impact on the diagnosis of prostate cancer cases.”

    *8MM: The US, France, Germany, Italy, Spain, the UK, Japan, and China

    MIL OSI Economics

  • MIL-OSI: Tata Electronics, Himax Technologies and Powerchip Semiconductor Manufacturing Corporation Form Alliance to Revolutionize India’s Display and Ultralow Power AI Sensing Product and Technology Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    TAINAN and HSINCHU, Taiwan and MUMBAI, India, March 05, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), an industry leader in fabless display driver ICs and other semiconductor products, today announced a Memorandum of Understanding (MoU) with Tata Electronics, a pioneering leader in India’s electronics manufacturing sector, and Powerchip Semiconductor Manufacturing Corporation (PSMC), a leading Taiwanese Foundry and Technology Transfer Partner of Tata Electronics, to revolutionize India’s display and ultralow power AI sensing product and technology ecosystem. This MoU marks a significant step forward for Tata Electronics, Himax, and PSMC in expanding their market outreach and jointly exploring the growing market of display semiconductors and ultralow power AI sensing in India as well as globally.

    Tata Electronics, Himax, and PSMC aim to leverage their respective strengths to deliver comprehensive, end-to-end display semiconductor solutions for their mutual customers, from chip design to chip manufacturing and packaging, as well as electronics manufacturing services (EMS) to deliver system-level solutions, to both the Indian and global markets. The parties will collaborate closely to develop solutions focusing on “Made in India” requirements. The partnership also encompasses designing and manufacturing next-generation solutions to meet global demand while enhancing supply chain resilience.

    Building on the landmark 2024 agreement between Tata Electronics and PSMC to establish advanced semiconductor manufacturing capabilities in India, today’s announcement paves the way for innovative display solutions tailored to the domestic market.

    Dr Randhir Thakur, CEO and MD of Tata Electronics, said, “This MoU with Himax and PSMC will enable the development of differentiated solutions for display-related semiconductor products for our mutual customers. By combining Tata Electronics’ capabilities with Himax’s unparalleled expertise in display semiconductors and WiseEye™ ultralow power AI sensing and PSMC’s proven manufacturing solutions, we are creating a powerful ecosystem that addresses both domestic and global needs for the display semiconductor market. Together, we will drive innovation and develop next-generation technologies to meet the growing demands of display and ultralow power AI sensing technologies across key industries while contributing to a resilient semiconductor supply chain.”

    Mr. Jordan Wu, Co-Founder and CEO of Himax Technologies, Inc., said, “We are delighted to join forces with Tata Electronics and PSMC to drive innovation in India’s rapidly expanding display semiconductor market. India is emerging as a key hub for electronics development and manufacturing, presenting immense opportunities for growth and technological advancement. Through this collaboration, we aim to bring Himax’s industry-leading expertise in display semiconductors and WiseEye™ ultralow power AI sensing to support India’s ‘Made in India’ initiative while enhancing global supply chain resilience. This partnership underscores our commitment to delivering cutting-edge display solutions that cater to the evolving needs of both Indian and international markets.” 

    Mr. Martin Chu, President of PSMC, said, “PSMC’s portfolio of semiconductor fabrication technologies is well-suited to meet the growing ‘Made in India’ requirements. We look forward to this partnership with Tata Electronics and Himax, as it provides a unique opportunity to expand our collective footprint and gain significant share in both the domestic and global display semiconductors and ultralow power AI sensing markets.”

    About Tata Electronics Private Limited
    Tata Electronics Pvt. Ltd. is a prominent global player in the electronics manufacturing industry, with fast-emerging capabilities in Electronics Manufacturing Services, Semiconductor Assembly & Test, Semiconductor Foundry, and Design Services. Established in 2020 as a greenfield venture of the Tata Group, the company aims to serve global customers through integrated offerings across a trusted electronics and semiconductor value chain. With a rapidly growing workforce, the company currently employs over 65,000 people and has significant operations in Gujarat, Assam, Tamil Nadu, and Karnataka, India. Tata Electronics is committed to creating a socio-economic footprint by employing many women in its workforce and actively supporting local communities through initiatives in environment, education, healthcare, sports and livelihood.

    About Powerchip Semiconductor Manufacturing Corporation
    Powerchip Semiconductor Manufacturing Corporation (PSMC) is the world’s seventh-largest pure-play foundry, with four 12-inch and two 8-inch fabs in Taiwan, capable of producing over 2.1 million 12-inch equivalent wafers annually. Since its establishment in 1994, the company transitioned successfully from DRAM manufacturing to advanced foundry services for memory and logic chips. Ranked seventh in global semiconductor ESG evaluations, PSMC demonstrates strong governance and environmental commitment. In May 2024, PSMC’s new 12-inch fab in Taiwan’s Tongluo Science Park began operations with a planned capacity of 1.2 million wafers annually, using advanced 28nm and wafer stacking technologies.

    About Himax Technologies, Inc.
    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ ultralow power AI sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,649 patents granted and 402 patents pending approval worldwide as of December 31, 2024.

    http://www.himax.com.tw

    Forward Looking Statements
    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

    Himax Contacts

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw
      
    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

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

    The MIL Network

  • MIL-OSI Asia-Pac: Snooker fans can watch full matches

    Source: Hong Kong Information Services

    The Government made it clear that it has urged the organiser of the World Snooker Grand Prix 2025 to ensure their spectators could view the matches until the last game is done, after some spectators were asked to leave the venue before the games ended.

     

    Secretary for Culture, Sports & Tourism Rosanna Law made the remarks at a media session today while responding to the incident when some spectators at the snooker event that opened at the Kai Tak Sports Park last night were asked to leave even though the last game of the night was still going on.

     

    Miss Law said: “I think this situation is obviously not ideal, and we definitely need to take into account the experience seriously and identify remedial measures.

     

    “For all I know, the organiser has already issued two press statements expressing their apologies to the spectators concerned and to everyone concerned. They have also arranged remedial action.

     

    “First of all, the ticket holders for last night, the match at 7.30pm, they would be entitled to exchange tickets for additional viewing, today or tomorrow, subject to ticket availability.

     

    “Second of all, the organiser has also promised that starting from tonight, all spectators would be allowed to view the entire series of matches until the last game is done, so there will be no more question of spectators having to leave before the game ends.”

     

    Miss Law also pointed out that even if the organiser is worried about the availability of public transport in the wee hours, Hong Kong has an excellent public transport system.

     

    “Even in the small hours of the day, we will still have overnight buses and other public transport that spectators might use for going to their destination.

     

    “And if necessary, the organiser would also be arranging additional supplementary transport for spectators.”

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA expresses serious concern regarding Chinese PLA helicopter converging on Philippine government aircraft over South China Sea

    Source: Republic of China Taiwan 3

    MOFA expresses serious concern regarding Chinese PLA helicopter converging on Philippine government aircraft over South China Sea

    Date:2025-02-20
    Data Source:Department of East Asian and Pacific Affairs

    February 20, 2025No. 044On February 18, a Chinese People’s Liberation Army (PLA) navy helicopter conducted dangerous maneuvers in airspace above Huangyan Island (Scarborough Shoal) in the South China Sea, converging on a Philippine Bureau of Fisheries and Aquatic Resources aircraft on routine patrol. At one point, the two planes were only three meters apart, causing a hazardous situation for the Philippine aircraft. This follows another recent incident in which a Chinese PLA aircraft in the South China Sea dropped flares at close range, endangering an Australian Defence Force reconnaissance aircraft. China has once again interfered with and put at risk the aircraft of other countries in the South China Sea. The Ministry of Foreign Affairs (MOFA) condemns China’s unsafe, irresponsible, reckless, and provocative behavior, which threatens navigation and overflight safety.MOFA expresses serious concern regarding disputes in the South China Sea and calls on all parties to exercise restraint; abide by international law and relevant international norms; avoid taking any actions that could impact regional peace and stability; and continue working to resolve South China Sea issues in a peaceful and noncoercive manner through multilateral dialogues and dispute settlement mechanisms.MOFA reiterates the position of the Republic of China (Taiwan) on South China Sea issues below.(1) The South China Sea Islands are part of the territory of the ROC (Taiwan). That the ROC enjoys all rights over the South China Sea Islands and their relevant waters in accordance with international law and the law of the sea is beyond dispute.(2) The ROC (Taiwan) supports freedom of navigation and overflight in the South China Sea and insists on the peaceful settlement of disputes in accordance with international law and the law of the sea, including the United Nations Convention on the Law of the Sea. Relevant multilateral dialogues and dispute settlement mechanisms should not exclude the participation of the ROC (Taiwan).(3) In line with the government’s four principles and five actions, the ROC (Taiwan) is willing to work with relevant countries to set aside differences and promote joint development to maintain and advance peace and stability in the South China Sea, as well as to protect and develop resources in the region. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA urges international community to jointly condemn China for once again provoking and undermining regional security and stability

    Source: Republic of China Taiwan 3

    MOFA urges international community to jointly condemn China for once again provoking and undermining regional security and stability

    Date:2025-02-27
    Data Source:Department of Policy Planning

    February 27, 2025  
    No. 051  

    China announced without prior warning on February 26 that it had designated a military exercise zone off the coast of Taiwan for live-fire drills. This was a blatant violation of international norms and another provocative act undermining regional security and stability, as well as posing high risks to aircraft and ships in the area. The Ministry of Foreign Affairs (MOFA) solemnly condemns China and urges it to exercise self-restraint, immediately cease its military provocations, and stop instigating trouble under false pretenses. 
     
    In recent days, China has unilaterally engaged in threats and intimidation in international waters near Vietnam, the Philippines, New Zealand, and Australia. On February 26, it again acted with deliberate provocation by designating a military exercise zone off the coast of Taiwan without prior warning. China’s actions have repeatedly proven that it is the greatest destabilizer of regional peace and stability, as well as the single most significant threat to peace and stability across the Taiwan Strait and the Indo-Pacific today.
     
    MOFA calls on the international community to closely follow cross-strait and regional security developments and collectively condemn China for repeatedly acting malevolently to unilaterally undermine peace and stability in the region. Taiwan will continue to work closely with like-minded nations in the region to jointly safeguard the rules-based international order and ensure regional and cross-strait peace, stability, and prosperity. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA response to US Secretary of State Rubio reiterating US commitments to Taiwan in press interview

    Source: Republic of China Taiwan 3

    MOFA response to US Secretary of State Rubio reiterating US commitments to Taiwan in press interview

    February 22, 2025

    In a press interview with Catherine Herridge of Catherine Herridge Reports on February 20, United States Secretary of State Marco Rubio reaffirmed that multiple US administrations had for years made clear their commitments to Taiwan based on the Taiwan Relations Act and the Six Assurances. He also reiterated US opposition to any changes to the status quo by force, threat, or coercion. Furthermore, he again expressed staunch support for Taiwan’s international participation, noting that China was unable to represent Taiwan’s views and interests in international forums. 
     
    Minister of Foreign Affairs Lin Chia-lung thanks Secretary Rubio for reaffirming the United States’ clear and unwavering commitment to Taiwan, its long-standing policy of opposing the use of force or coercion to alter the status quo, and its backing of Taiwan’s international participation. Minister Lin also echoes Secretary Rubio’s stance that this long-term safeguarding of the status quo has maintained stability in the region. Taiwan will continue to work with the United States to deepen reciprocal, mutually beneficial, and close bilateral ties; bolster Taiwan’s self-defense capabilities; and jointly preserve the status quo across the Taiwan Strait. This will promote the well-being of the peoples of both countries, as well as advancing regional peace, stability, and prosperity.

    MIL OSI Asia Pacific News

  • MIL-OSI China: MOFA expresses serious concern regarding Chinese PLA helicopter converging on Philippine government aircraft over South China Sea

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA expresses serious concern regarding Chinese PLA helicopter converging on Philippine government aircraft over South China Sea

    • Date:2025-02-20
    • Data Source:Department of East Asian and Pacific Affairs

    February 20, 2025
    No. 044

    On February 18, a Chinese People’s Liberation Army (PLA) navy helicopter conducted dangerous maneuvers in airspace above Huangyan Island (Scarborough Shoal) in the South China Sea, converging on a Philippine Bureau of Fisheries and Aquatic Resources aircraft on routine patrol. At one point, the two planes were only three meters apart, causing a hazardous situation for the Philippine aircraft. This follows another recent incident in which a Chinese PLA aircraft in the South China Sea dropped flares at close range, endangering an Australian Defence Force reconnaissance aircraft. China has once again interfered with and put at risk the aircraft of other countries in the South China Sea. The Ministry of Foreign Affairs (MOFA) condemns China’s unsafe, irresponsible, reckless, and provocative behavior, which threatens navigation and overflight safety.

    MOFA expresses serious concern regarding disputes in the South China Sea and calls on all parties to exercise restraint; abide by international law and relevant international norms; avoid taking any actions that could impact regional peace and stability; and continue working to resolve South China Sea issues in a peaceful and noncoercive manner through multilateral dialogues and dispute settlement mechanisms.

    MOFA reiterates the position of the Republic of China (Taiwan) on South China Sea issues below.

    (1) The South China Sea Islands are part of the territory of the ROC (Taiwan). That the ROC enjoys all rights over the South China Sea Islands and their relevant waters in accordance with international law and the law of the sea is beyond dispute.

    (2) The ROC (Taiwan) supports freedom of navigation and overflight in the South China Sea and insists on the peaceful settlement of disputes in accordance with international law and the law of the sea, including the United Nations Convention on the Law of the Sea. Relevant multilateral dialogues and dispute settlement mechanisms should not exclude the participation of the ROC (Taiwan).

    (3) In line with the government’s four principles and five actions, the ROC (Taiwan) is willing to work with relevant countries to set aside differences and promote joint development to maintain and advance peace and stability in the South China Sea, as well as to protect and develop resources in the region. (E)

    MIL OSI China News

  • MIL-OSI China: MOFA urges international community to jointly condemn China for once again provoking and undermining regional security and stability

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA urges international community to jointly condemn China for once again provoking and undermining regional security and stability

    • Date:2025-02-27
    • Data Source:Department of Policy Planning

    February 27, 2025  

    No. 051  

    China announced without prior warning on February 26 that it had designated a military exercise zone off the coast of Taiwan for live-fire drills. This was a blatant violation of international norms and another provocative act undermining regional security and stability, as well as posing high risks to aircraft and ships in the area. The Ministry of Foreign Affairs (MOFA) solemnly condemns China and urges it to exercise self-restraint, immediately cease its military provocations, and stop instigating trouble under false pretenses. 

     

    In recent days, China has unilaterally engaged in threats and intimidation in international waters near Vietnam, the Philippines, New Zealand, and Australia. On February 26, it again acted with deliberate provocation by designating a military exercise zone off the coast of Taiwan without prior warning. China’s actions have repeatedly proven that it is the greatest destabilizer of regional peace and stability, as well as the single most significant threat to peace and stability across the Taiwan Strait and the Indo-Pacific today.

     

    MOFA calls on the international community to closely follow cross-strait and regional security developments and collectively condemn China for repeatedly acting malevolently to unilaterally undermine peace and stability in the region. Taiwan will continue to work closely with like-minded nations in the region to jointly safeguard the rules-based international order and ensure regional and cross-strait peace, stability, and prosperity. (E)

    MIL OSI China News

  • MIL-OSI Economics: IAI Task Force Convenes 75th Meeting to Advance the Final Year Implementation of the IAI Work Plan IV (2021-2025)

    Source: ASEAN

    JAKARTA, 5 March 2025 – The 75th Initiative for ASEAN Integration (IAI) Task Force Meeting was held today at the ASEAN Headquarters/ASEAN Secretariat, marking a significant  milestone as the IAI Work Plan IV (2021-2025) enters its final year. The meeting reviewed progress, assessed ongoing initiatives, and set priorities for the remaining implementation period to ensure the Work Plan’s successful completion.

    Chaired by Ambassador Ton Thi Ngoc Huong, Permanent Representative of Viet Nam to ASEAN, the meeting was attended by IAI Task Force members from all ASEAN Member States, the Ambassador of Timor-Leste to ASEAN, representatives from the ASEAN Secretariat, and attachment officers from Cambodia, Lao PDR, Myanmar, Viet Nam (CLMV) and Timor-Leste. Discussions focused on key priorities, the status of ongoing projects, and ensuring that the initiatives continue to advance ASEAN integration while addressing development gaps in the region. Additionally, the Meeting discussed the roles of the IAI Task Force in the ASEAN Economic Community Strategic Plan 2025-2030 and the progress of developing the new IAI Work Plan V.

    During the meeting, four new projects were accredited, bringing the total number of IAI projects under the current Work Plan IV (2021-2025) to 95. These projects encompass 17 out of the 24 actions (70.8 percent) across the five strategic areas and all four enabling actions.

    For more information on the IAI, please visit https://asean.org/our-communities/initiative-for-asean-integration-narrowing-development-gap-iai-ndg/

    ###

    The post IAI Task Force Convenes 75th Meeting to Advance the Final Year Implementation of the IAI Work Plan IV (2021-2025) appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: ASEAN and Japan strengthen ties to advance comprehensive strategic Partnership

    Source: ASEAN

    KARUIZAWA, 5 March 2025 – Senior Officials of ASEAN and Japan attending the 40th ASEAN-Japan Forum in Karuizawa reaffirmed their commitment to further advancing the ASEAN-Japan Comprehensive Strategic Partnership (CSP) based on mutual trust and respect, mutual benefit and equal partnership.

    The meeting welcomed the continued momentum of strengthening ASEAN-Japan relations, following the successful convening of the 27th ASEAN-Japan Summit in October 2024 as well as the Commemorative Summit on the 50th anniversary of ASEAN-Japan Friendship and Cooperation in December 2023 in Tokyo.  

    Both sides reviewed ASEAN-Japan cooperation, acknowledging the significant progress made in implementing the Joint Vision Statement on ASEAN-Japan Friendship and Cooperation: Trusted Partners and its corresponding Implementation Plan. They reaffirmed their commitment to working closely in carrying out the Implementation Plan to further enhance collaboration in various sectors.

    Discussions also emphasised strengthening cooperation under the three pillars of the CSP, namely Heart-to-Heart Partners across Generation, Partners for Co-creation of Economy and Society of the Future, and Partners for Peace and Stability. Both sides agreed to enhance cooperation on traditional and emerging areas, including combating transnational crime, cyber security, digitalisation, green transition, science and technology, sustainable development and climate action.

    Japan reaffirmed its strong support for ASEAN Centrality and ASEAN Community-building efforts. ASEAN welcomed Japan’s commitment to supporting the ASEAN Outlook on the Indo-Pacific (AOIP) through concrete projects and activities, aimed at fostering practical cooperation in the key areas of the AOIP, with a view to contributing to the advancement of the CSP in an open, transparent and inclusive manner. ASEAN also welcomed Japan’s proposal for a Joint Statement on the further promotion and implementation of the AOIP, for adoption at the 28th ASEAN-Japan Summit this year.

    Both sides shared their respective views on regional and international issues of mutual interest and agreed to enhance collaboration in addressing emerging challenges, with a view to promoting peace, stability and prosperity in the region.

    The 40th ASEAN-Japan Forum was co-chaired by Permanent Secretary of the Ministry of Foreign Affairs of Singapore, Albert Chua, and Senior Deputy Foreign Minister of Japan, Namazu Hiroyuki, and attended by Senior Officials of ASEAN Member States or their Representatives, and the Deputy Secretary-General of ASEAN for ASEAN Political-Security Community. Timor-Leste attended as Observer.

    ***

    Images Credit: 40th ASEAN-Japan Forum
    The post ASEAN and Japan strengthen ties to advance comprehensive strategic Partnership appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Russia: Five best articles in Russian for 04.03.2025

    MIL Analysis: Here are the top five Russian language articles published today. The analysis includes five key articles prioritized at the moment.

    Trends seen in today’s analysis include economic performance; Bank of Russia issues a coin in memory of Rear Admiral A.F. Mozhaisky. The economy is developing together with artificial intelligence.

    The Higher School of Economics published a study on the brightest gamma-ray burst in history.

    Humanization of education is developing, and now schoolchildren can decide on a profession from an early age.

    Tourism in Russia is advancing and bringing new business opportunities.

    Below you can read one of the articles.

    1. Financial news: To the 200th anniversary of the inventor of the first Russian airplane Alexander Mozhaisky (03.03.2025).

    Bank of Russia on March 4, 2025 puts into circulation a commemorative silver coin with a nominal value of 2 rubles “Rear Admiral AF Mozhaisky, to the 200th anniversary of his birth” series “Outstanding personalities of Russia” (catalog number 5110-0189).

    The silver coin with a nominal value of 2 rubles (mass of precious metal in purity – 15.55 g, alloy grade – 925) has the shape of a circle with a diameter of 33.0 mm.

    2. Scientists have recorded the brightest ever cosmic gamma-ray burst GRB 221009A.

    “Higher School of Economics” –

    A team of scientists from 17 countries, including physicists from the National Research University Higher School of Economics, has analyzed new photometric and spectroscopic data of the brightest gamma-ray burst in the history of observations – GRB 221009A. They were obtained at the Sayan Observatory 1 hour and 15 minutes after its registration. The researchers recorded photons with an energy of 18 teraelectronvolts. Theoretically, such high-energy particles should not reach the Earth, but analysis of the data showed that it is possible. The findings call into question theories of gamma ray absorption and may point to unknown physical processes. The study is published in the journal Astronomy & Astrophysics.

    3. From childhood to career: how the project “Educational Verticals” helps schoolchildren to decide on a profession.

    In Moscow, there are kids who have been conducting scientific research, creating smart equipment and speaking at conferences since the age of 13. They go to regular schools, but study from seventh to ninth grade under a special program of the city project “Educational Verticals”. It has been implemented since 2018 and helps to choose in advance the direction of future activity, to enter a profile or pre-professional class.

    4. GUU held a roundtable discussion on the development of artificial intelligence in China.

    State University of Management and the Center for Broadcasting to Europe and Asia under the Foreign Language Publishing and Distribution Administration of the People’s Republic of China (Zhenmin Huabao Publishing House) organized the Round Table on “High-Quality Development of China’s Economy” and the presentation of the 4th volume of the book “Xi Jinping on Public Administration” in Russian.

    5. The “Winter in Moscow” project allowed businesses to make themselves known and increase sales.

    The capital’s business actively supported the large-scale city project “Winter in Moscow”. Thus, it not only became a major holiday, but also offered a wide range of opportunities and support measures for entrepreneurs. For example, the magic market of the project “Made in Moscow” united more than 500 manufacturers and placed its sites on seven tourist streets of the capital, including Arbat, Novy Arbat, Kuznetsky Most, Rozhdestvenska, as well as Tverskaya Boulevard, Stoleshnikov Lane and Bolotnaya Square.

    Learn more about MIL’s content and data services by visiting milnz.co.nz.

    Regards MIL!

    MIL OSI Russia News

  • MIL-OSI: ASML publishes agenda Annual General Meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    ASML publishes agenda Annual General Meeting 2025
    Nomination Karien van Gennip as new member of the Supervisory Board

      
    VELDHOVEN, the Netherlands, March 5, 2025 – Today, ASML Holding NV (ASML) has published the agenda for the 2025 Annual General Meeting (AGM) which will be held in ASML’s TWINSCAN Auditorium in Veldhoven on Wednesday, on April 23, 2025, starting at 10:00 CET.

    The AGM will be organized in a hybrid format. Shareholders may attend the AGM in person or virtually.

    The agenda with the explanatory notes and other meeting documents are available on ASML’s website asml.com/agm2025.

    Changes to Supervisory Board
    ASML furthermore announces that Annet Aris will not stand for re-election as a member of the Supervisory Board at the end of her current term, which ends per the 2025 AGM.

    The Supervisory Board expresses its thanks to Annet Aris, who has served on the Supervisory Board since 2015, for her valuable contributions, in particular as Vice Chair of the Supervisory Board and member of the Remuneration, Selection & Nomination and Technology Committees. The Supervisory Board wishes her all the best for the future.

    The Supervisory Board nominates Karien van Gennip for appointment as a member of the Supervisory Board effective from the 2025 AGM. Karien van Gennip, a Dutch citizen, has a wealth of leadership experience spanning professional services, financial services, and public policy. Most recently, between January 2022 and July 2024, Karien van Gennip served as the Minister of Social Affairs and Employment and Deputy Prime Minister in the Dutch government.

    With an educational background in physics from Delft University of Technology, and an MBA from INSEAD, Karien van Gennip worked as a consultant at McKinsey & Company in the early stages of her professional career. She transitioned to leadership roles in the public domain and in finance, serving as a Director Supervision at the Dutch Authority for Financial Markets, Secretary of State of Economic Affairs/Minister for Foreign Trade in the Dutch government between 2003 and 2007, and as a Member of the Dutch Parliament between 2006 and 2008. Karien van Gennip held various management positions at ING between 2008 and 2020, most recently as the CEO of ING France, after which she served as the CEO of Dutch healthcare insurer VGZ until 2022.

    “We are very pleased to nominate Karien van Gennip for appointment to our Supervisory Board. With her broad background and rich experience, the Supervisory Board expects that she will bring great value and new perspectives to the Supervisory Board,” said Nils Andersen, Chair of the Supervisory Board.

    The agenda of the 2025 AGM also includes the nomination to reappoint Birgit Conix as a member of the Supervisory Board for four years, effective April 23, 2025. Terri Kelly has been elected as the Vice-Chair of the Supervisory Board, following the retirement of Annet Aris.

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Sarah de Crescenzo +1 925 899 8985 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

      
    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

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    The MIL Network

  • MIL-OSI Asia-Pac: Tech chief begins Spain trip

    Source: Hong Kong Information Services

    Secretary for Innovation, Technology & Industry Prof Sun Dong visited Barcelona in Spain and attended the Mobile World Congress 2025 with a delegation of Hong Kong’s innovation and technology (I&T) sector yesterday.

     

    The Hong Kong Science & Technology Parks Corporation (HKSTPC) and Hong Kong Trade Development Council (HKTDC) co-ordinated the participation of Hong Kong’s I&T enterprises and institutions in the congress to set up the Hong Kong Tech Pavilion, showcasing the latest solutions in advanced electronics and robotics, artificial intelligence and data technology, digital transformation and the startup ecosystem.

     

    Prof Sun attended the networking reception at the pavilion and witnessed the signing of a memorandum of understanding between the HKTDC and the Barcelona City Council to promote trade and business relations between enterprises in the two places, and collaboration between the HKSTPC and 22@Network Barcelona to enhance the global connection of startups.

     

    Afterwards, he met Secretary of State for Science, Innovation, & Universities of Spain Juan Cruz Cigudosa to discuss issues of mutual interest, including strengthening bilateral co-operation in technological innovation and research.

     

    Additionally, Prof Sun and the delegation visited the Barcelona Biomedical Research Park, one of the largest biomedical research clusters in Southern Europe bringing together research centres and researchers in biomedical fields.

     

    The delegation focused on its cross-institutional collaboration model and clinical transformation outcome and applications, as well as various support services provided to the research centres in the park.

     

    They also toured the headquarters of ISDIN, a cosmeceutical brand, and learnt about its solutions for dermatology conditions and research achievements in products.

     

    Prof Sun encouraged the company to leverage on Hong Kong’s unique international business environment as well as its distinctive advantage of connecting with both the Mainland and the world to expand business in Hong Kong, the Mainland and the Asian market.

     

    While attending the Chinese New Year reception hosted by the Hong Kong Economic & Trade Office in Brussels in the evening, the technology chief shared with the leaders and executives of the business and political sectors and I&T community in Barcelona the vision and efforts of Hong Kong to develop into an international I&T centre.

     

    Also during the reception, he had a brief exchange with Consul General of the People’s Republic of China in Barcelona Meng Yuhong.

     

    After arriving in Barcelona a day earlier, Prof Sun visited the Barcelona Activa, a public trading company integrated in the area of Economy & Economic Promotion of Barcelona City Council, and met Chief Executive Officer of Catalonia Trade & Investment Office Agency for Business Competitiveness Jaume Baró.

     

    On the same day, he had dinner with representatives of the participating I&T enterprises and organisations.

     

    Prof Sun will continue his visit in Barcelona today where he plans to deliver a keynote speech at the Global System for Mobile Communications Association Ministerial Programme session of the Mobile World Congress.

    MIL OSI Asia Pacific News

  • MIL-OSI: ASML publishes 2024 Annual Reports

    Source: GlobeNewswire (MIL-OSI)

    ASML publishes 2024 Annual Reports
    Sustainability statements reported in accordance with the ESRS for the first time

      
    VELDHOVEN, the Netherlands, March 5, 2025 – Today, ASML Holding NV (ASML) has published its 2024 Annual Reports.

    The 2024 Annual Reports (‘Powering technology forward with you’) highlight ASML’s commitment to bring technology forward by developing the tools that enable faster, more powerful and energy-efficient microchips, allowing our customers to address some of society’s biggest challenges. Our ongoing innovation relies on strong partnerships with our stakeholders, and together, we’re creating sustainable solutions. The 2024 Annual Reports reflect on ASML’s business model and strategy, corporate governance, sustainability and financial performance. For the first time, our Annual Reports include sustainability statements in accordance with the European Sustainability Reporting Standards (ESRS). The full reports and introductory video with CFO Roger Dassen are published on our website www.asml.com.

    ASML’s primary accounting standard is US GAAP, the accounting principles generally accepted in the US. In addition to reporting in accordance with US GAAP, ASML also reports in accordance with International Financial Reporting Standards as adopted by the European Union (IFRS) for Dutch statutory purposes. The most significant recurring differences between US GAAP and IFRS that affect ASML concern the capitalization of certain product development costs and accounting for income taxes.

    ASML will file its 2024 Annual Report based on US GAAP on Form 20-F with the US Securities and Exchange Commission (SEC), and its 2024 Annual Report based on IFRS-EU with the Dutch Authority for the Financial Markets (AFM). ASML’s 2024 Annual Report will also be available at www.sec.gov. The 2024 Annual Report based on IFRS will be available at www.afm.nl.

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Sarah de Crescenzo +1 925 899 8985 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

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    The MIL Network

  • MIL-OSI USA: PREPARED REMARKS: Sanders Delivers Livestreamed Response’ to President Trump’s Congressional Address 

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    WASHINGTON, March 4 – Sen. Bernie Sanders (I-Vt.) today delivered remarks following President Trump’s address to a joint session of Congress. Over 91,000 viewers watched in real time on his social media platforms.
    Sanders’ remarks, as prepared for delivery, are below and can be watched here.
    Hello everybody. Thanks for joining.
    As most Americans know, we are living in a pivotal moment in American history – facing unprecedented challenges. How we respond to this moment will impact not only OUR lives, but the lives of our kids and grandchildren and, in terms of climate change, the very health and well-being of our planet.
    As you heard tonight, President Trump has been very effective in creating what I would call a “parallel universe” for his supporters – a set of ideas that either have NO basis in reality or, in the great scheme of things, are nowhere near the most important concerns of the American people.
    And one way that he does that is through the concept of the BIG LIE. Say something that is grossly false, say it over and over again, and have right-wing social media blast it out endless times, until people actually believe it.
    And then, rather than address the real issues facing the American people, we find ourselves wasting endless amounts of time discussing Trump’s absurdities.
    Just a few examples:
    Trump has claimed that the 2020 election was stolen from him and that he won by a landslide. A lie.
    Trump has claimed that the January 6th insurrection was a day of love. A lie.
    Trump has claimed that millions of undocumented people vote in American elections. A lie.
    Trump has claimed that climate change is a hoax originating in China. A lie.
    Trump has claimed that Ukraine started the horrific war with Russia. A lie.
    And tonight, Trump claimed that millions of dead people between the ages of 100 and 360 were collecting Social Security checks. That is an outrageous lie intended to lay the groundwork for cuts to Social Security and dismantling the most successful and popular government program in history.
    Let’s be clear: Well over 99% of Social Security checks are going out to people who earned those checks – 70 million people. Nobody who is 150 years old or 200 years old or 300 years old is receiving Social Security checks.
    And on and on it goes.
    Now, the purpose of all of this lying is not just to push his hateful right-wing ideology. It is not just to try to divide us up. It’s more than that.
    It’s a masterful effort to deflect attention away from the most important issues facing the people of our country, issues that Trump and his billionaire friends do not want to address because it’s not in their financial interests to do so.
    Trump gave his “State of the Union” speech tonight. But that speech had very little to say ABOUT the state of the union – about what is REALLY going on in our country – especially for working families.
    Trump spoke for 90 minutes and he almost completely ignored the issues that are keeping working people up at night – as they worry about how their families are going to survive in these tough times.
    And I’ll tell you exactly WHY Trump had very little to say about the REAL crises facing the working class of this country.
    Think back 6 weeks ago when Trump was inaugurated for his second term as President – just 6 weeks ago. Standing right behind him were the three wealthiest men in the country – Mr. Musk, Mr. Bezos and Mr. Zuckerberg. And standing behind THEM were 13 other billionaires who Trump had nominated to head major government agencies. Many of these same billionaires – including Musk – were there tonight.
    In other words, it is there for all to see. They’re not hiding it. The Trump administration IS a government of the billionaire class, by the billionaire class and for the billionaire class.
    Notwithstanding some of their rhetoric, this is a government that could care less about the working families of this country.
    My friends. We are no longer MOVING TOWARD oligarchy. We are LIVING IN an oligarchy.
    Now, let’s take a moment and try to escape from Trump’s parallel universe. Let’s do something really radical.
    Let’s actually take a hard look at the problems that Americans are facing.
    Today, 60% of Americans are living paycheck to paycheck. Unlike Trump, I grew up in a family that lived paycheck to paycheck. And I know something about that reality.
    It means that every day millions of Americans worry about how they’re going to pay their rent. Pay for childcare. Pay for a doctor’s visit when they get sick.
    They worry about what happens when their car breaks down and they can’t afford the thousand bucks it costs to get it fixed, and what happens when they can’t get to work because they don’t have a car. They worry about how they can afford to buy healthy food for their children when the price of food is off the charts.
    Funny. I did not hear one word from Trump tonight about the economic reality facing 60% of our people, or the enormous stress that they are living under.
    But that’s not all.
    Today in America, everyone knows that our healthcare system is broken, it is dysfunctional and it is outrageously expensive. We remain the only wealthy nation on earth not to guarantee healthcare for all.
    Mr. President: You really want to Make America Great Again? Then make sure that every American, regardless of income, can go to a doctor or a hospital and not worry about how they’re going to pay the bills.
    President Trump: Health care is a human right. I didn’t hear one word from you about that.
    Nor did I hear you say why we pay, by far, the highest prices in the world for prescription drugs – sometimes 10 times more than the people in other countries – and why one out of four Americans are unable to afford the prescriptions that their doctors prescribe.
    Mr. President: We have nearly 800,000 Americans who are homeless. Over 20 million of our people spend more than 50% of their limited income on housing. We have a major housing crisis in America – everyone knows it. And in your speech tonight, you didn’t even mention it.
    Today in America, we have more income and wealth inequality than we have ever had. The three richest people in America, the folks Trump invited to stand behind him at his inauguration, now own more wealth than the bottom half of our society – 170 million Americans. Did you hear one word from the President on that enormously important issue which gets to the very fabric of our society?
    And here’s something else the President forgot to discuss. Not only is our life expectancy 4 years lower than other wealthy countries, the bottom 50% in this country live, on average, 7 years shorter lives than the top 1%. In other words, being poor or working class in this country is a death sentence. Did you hear any discussion tonight as to why so many of our people are living shorter lives than they should?
    During his speech tonight, Trump did not have one word to say about how we are going to address the planetary crisis of climate change. The last 10 years have been the warmest ever recorded, and extreme weather disturbances and natural disasters have been taking place all over the world – from California to India, across Europe to North Carolina. And yet, not surprisingly, Trump had nothing to say about climate change.
    And let’s be clear. Not only did Trump fail to talk about some of the most important issues facing the working class of America, but “the SOLUTIONS” he proposed would only make a bad situation even worse.
    Yes, I did hear Trump talk tonight about some tax breaks for working families in terms of not taxing tips, not taxing Social Security and not taxing overtime. Fine. But that’s chump change compared to the benefits he’s going to give the 1%, and doesn’t tell the whole story about his tax policies.
    According to a recent study by the Institute on Taxation and Economic Policy, if all of Trump’s so-called “America First” policies are enacted, including his tariffs, the bottom 95% of Americans will see their taxes go up, while the richest 5% in our country will see their taxes go down. WAY DOWN.
    Tonight, Trump urged Congress to pass his “big, beautiful” budget.
    Do you know what’s really in it?
    This budget would cut Medicaid by $880 billion. According to one estimate, it means that up to 36 million Americans, including millions of children, would be thrown off the health insurance they have.
    It means that nursing homes that receive two-thirds of their funding from Medicaid would either have to shut down, lay off workers or significantly scale back the services they provide seniors.
    It would be a devastating blow for the 32 million Americans who get their health care at community health centers.
    And, it’s not just Medicaid. Trump’s budget would cut nutrition assistance by at least $230 billion. Can you imagine? The billionaire class, people who can support their families for the next ten generations, people who live in incredible opulence, people who own their own jet planes, private islands and space ships, trying to get tax breaks by taking food out of the mouths of low-income kids. That truly is disgusting.
    What we are seeing is the Robin Hood principle in reverse – taking from the poor and giving to the rich.
    And here is something else Trump has been doing.
    For the past several weeks, he and Elon Musk have been throwing hundreds of thousands of federal employees off their jobs. Now, I know some of you are saying, “That’s too bad, but that’s the federal government, not me.”
    But I want you to think about this: If they can arbitrarily throw federal workers out on the street today, what do you think that Musk and his fellow billionaires will be doing tomorrow when Artificial Intelligence and robotics explode in this country?
    Do you think they’ll give a damn about you and your families? No. You’ll be out on the street as well.
    But it is not only absurd domestic policies that we’ve got to fight.
    For the first time in our 250-year history we have a president who is turning his back on democracy and allying us with authoritarianism. No. We must not abandon the people of Ukraine who were invaded by the Russian dictator, Vladimir Putin. We must always stand for democracy, not dictatorship.
    Let me be very clear. Regardless of where Trump is taking this country, here’s where I think Americans want to go:
    They want us to end a corrupt campaign finance system, which allows a handful of billionaires to buy elections. It is beyond crazy that someone like Elon Musk can contribute over $270 million to help get Trump elected and then gets to run the government.
    It is absurd that any Member of Congress who stands up to Netanyahu’s brutal war in Gaza can expect to be opposed by millions of dollars in campaign contributions from AIPAC.
    They want us to end the disastrous Citizens United Supreme Court decision and move to the public funding of elections. Democracy is supposed to be about one person, one vote – not billionaires buying the political candidates of their choice.
    No. We should not be giving tax breaks to billionaires. We must demand that they pay their fair share of taxes.
    We must raise the federal minimum wage of $7.25 an hour to a living wage of at least $17 an hour.
    We must make it easier for workers to join trade unions, grow the union movement and prevent corporations from violating labor laws with impunity by passing the PRO Act – legislation I will be introducing tomorrow.
    No, we’re not going to cut Social Security. Quite the contrary, we must expand Social Security benefits and extend its solvency for the next 75 years by scrapping the cap that allows a billionaire to pay the same amount into Social Security as a truck driver.
    Instead of making massive cuts to Medicaid, we must join every other major country on earth in guaranteeing healthcare to all of our people through a Medicare for All, single-payer program.
    We must also take on the greed of the pharmaceutical industry and reduce prescription drug prices by 50%.
    At a time of a terrible housing crisis in every area of our country, we must build at least 4 million units of low-income and affordable housing, stop corporate landlords from jacking up rent prices and establish a cap on rent.
    In a competitive global economy, we need the best educated workforce in the world. All of our young people must have the ability to get a higher education by making public colleges, trade schools and universities tuition-free and canceling student debt.
    Yes. We can create millions of good-paying jobs by combating climate change and moving our energy system away from fossil fuels and into sustainable energy.
    I heard a lot of talk about freedom tonight. Well, in a free society, we must absolutely guarantee that it is the women of America who control their own bodies, not the local, state or federal governments.
    Now, I know there are a lot of people out there who are feeling angry and frustrated at what’s going on here in Washington, DC. And some of you may feel a bit hopeless.
    So let me say this.
    At this particular moment in history, despair is not an option. Giving up is not acceptable. And none of us have the privilege of hiding under the covers. The stakes are just too high.
    Let us never forget. Real change only occurs when ordinary people stand up against oppression and injustice – and fight back.
    That is the history of the founding of our nation when brave men and women took on the mighty British empire. It is the history of the abolitionist movement, the labor movement, the civil rights movement, the women’s movement, the environmental movement and the gay rights movement.
    Yes, the oligarchs ARE enormously powerful. They have endless amounts of money. They control our economy. They own much of the media. They have enormous influence over our political system.
    But, from the bottom of my heart, I am convinced that they can be beaten.
    If we stand together and not let them divide us up by the color of our skin or where we were born or our religion or sexual orientation; if we bring our people together around an agenda that works for the many and not the few – there is nothing in the world that can stop us.
    We can win. We will win. Let’s go forward together.

    MIL OSI USA News

  • MIL-OSI China: Strong confidence, policies fuel property market recovery

    Source: China State Council Information Office

    Driven by a series of pro-housing policies, China’s property sector has gained momentum in recent months, with increased transaction activity and renewed development vitality among real estate enterprises, signaling a shift toward a healthier and more sustainable growth trend.

    With improving sentiment among homebuyers, transactions for both new and secondhand homes in multiple cities have shown an upward trend since the beginning of this year, fostering a more balanced relationship between supply and demand in the market, according to industry analysts.

    New residential home sales in Beijing surged 47.11 percent year-on-year last month, with 2,295 units recorded in online sales contracts. Meanwhile, secondhand home transactions, a key segment of the city’s property market, saw a 92.3 percent increase during the same period, according to data from leading real estate website Fang.com.

    In Hangzhou, Zhejiang province, a second-tier city and hub for leading sci-tech firms, the number of daily visits to a new residential site in Xihu district, developed by Vanke, surpassed 100 groups during the first weekend after the Spring Festival holiday, double the figure from the previous week.

    This trend can be attributed to improving customer sentiment, driven by the city’s rising prominence and promising development prospects, according to the project’s marketing manager.

    The growing turnover volume has helped relieve destocking pressure in the property market. The average destocking period for new residential homes in 100 Chinese cities was 21.3 months in January, a remarkable drop from the previous peak of 26.8 months, data from the E-house China R&D Institute showed.

    “The shorter destocking cycle will create more favorable conditions for achieving a balanced supply and demand relationship in the real estate market throughout the year,” said Yan Yuejin, deputy director of the institute.

    As the property market continues to rebound, leading domestic and foreign real estate developers are accelerating land acquisitions and leveraging expanded financing channels, signaling a broader recovery trend across the industry.

    Shanghai’s first batch of land auctions for 2025, which began on Feb 20, saw a strong return of property developers eager to acquire land. Gemdale Group made its first land purchase in the city in 21 months, while Singapore-based developers Frasers Property and Kheng Leong Co joined the bidding, bringing the total transaction value to 15.93 billion yuan ($2.19 billion).

    Poly Developments and Holdings Group recently announced the purchases of six land parcels in cities like Guangzhou and Foshan in Guangdong province, and Sanya in Hainan province, with total investments nearing 10 billion yuan. Meanwhile, Vanke secured four development sites in Tianjin, Hebei province’s Tangshan, Guangdong’s Guangzhou and Guizhou province’s Guiyang, covering a combined land area of 213,000 square meters.

    Analysts believe the latest acquisitions by leading developers signal renewed confidence about the sector’s prospects and growing optimism in the market’s long-term outlook as government support measures gain traction.

    Since last year, Chinese policymakers have introduced a series of measures — from financial stimuli to regulatory adjustments — to bolster the property sector. These include mortgage rate cuts, lower down payment requirements, eased purchase restrictions and financing coordination mechanisms to enhance funding support for developers.

    According to data from the National Financial Regulatory Administration, the approved loan amount for “white list” projects, designed to support companies with reasonable financing needs, reached 5.6 trillion yuan by Jan 22, surpassing the initial target of 4 trillion yuan.

    As China navigates further policy support for the sector, it has vowed to actively promote the use of local government special bonds for efficient management of idle land and disposal of existing commercial housing, while leveraging financial tools such as loans and bonds to support stable financing for the real estate sector, according to an official in charge of the mechanisms.

    Chinese property companies have also experienced positive shifts in financing through more diversified channels, including domestic and overseas bond markets. These developments reflect improved financing capabilities of the enterprises and stronger confidence among foreign institutions in these developers, according to Yan.

    In January, bond financing of real estate enterprises reached 50.98 billion yuan in total, with declining interest rates compared to the same period last year, data from the China Index Academy showed.

    Last month, Greentown China announced the issuance of $350 million in dollar-denominated bonds maturing in 2028. This marks the first dollar bond issuance by a private real estate enterprise this year, and industry experts believe it will encourage more real estate enterprises to resume overseas financing.

    As market-stabilizing policies take effect, the upward trend across the industry will become increasingly evident, pushing the entire industrial chain in the sector into a positive recovery cycle, said Zhang Yan, an analyst from property research institution CRIC.

    Looking ahead, China is expected to see a recovery in both supply and demand in the property sector and month-on-month turnover growth during the peak sales season known as “Golden March and Silver April,” with sales surges likely to occur in multiple cities, according to the CRIC.

    MIL OSI China News

  • MIL-OSI USA: President Trump is Leading with Peace Through Strength

    US Senate News:

    Source: The White House
    President Donald J. Trump will always put the American people first — and through restoring the U.S. military’s mission of lethality and leading with peace through strength in his foreign policy, President Trump is making good on his commitment to restore safety and security around the world.
    President Trump is leading with Peace through Strength.
    President Trump secured the release of six American hostages in Venezuela, two Americans in Afghanistan, an American-Israeli citizen in Hamas captivity, a Pennsylvania teacher in Russian captivity, and an American citizen in Belarus — bringing the total number of American hostages released under President Trump to 11.
    President Trump began negotiations with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky in pursuit of finally securing peace in Ukraine.
    President Trump made clear to the Ukrainian president that America, which has funded the largest share of Ukraine’s defense, will not be taken advantage of — and the only long-term solution is PEACE.

    President Trump has taken decisive action to eliminate radical Islamic terrorists who threaten American citizens, including a senior ISIS attack planner.
    Since President Trump took office, the U.S. military has carried out strikes that have eliminated 23 radical Islamic jihadists.

    President Trump restored maximum pressure on Iran, “sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China.”
    President Trump redesignated the Iran-backed Houthis as a Foreign Terrorist Organization.
    President Trump banned funding to UNRWA — a United Nations agency that employed hundreds of Hamas and jihadi operatives.
    President Trump imposed sanctions on the International Criminal Court, which has illegitimately asserted jurisdiction over internal U.S. matters and baselessly targeted Israeli Prime Minister Benjamin Netanyahu.
    President Trump reinstated the Mexico City Policy to ensure no taxpayer dollars support foreign organizations that perform, or actively promote, abortion in other nations.
    President Trump declared all foreign policy must be conducted under the President’s direction, ensuring career diplomats reflect the foreign policy of the United States at all times.
    President Trump has committed to regaining control of the Panama Canal to combat Chinese influence in the region.
    Bloomberg: CK Hutchison Sells Panama Ports to BlackRock Amid Trump Pressure
    Following a visit from Secretary of State Marco Rubio, Panamanian President José Raúl Mulino agreed to withdraw from China’s Belt and Road Initiative, a debt-trap diplomacy scheme the Chinese Communist Party uses to gain influence over developing nations.

    The U.S. rejoined the Geneva Consensus Declaration, which promotes and strengthens opportunities for women and girls around the world, and protects the family as the fundamental unit of society.
    The Department of State ordered embassies worldwide to only fly the American flag — not activist flags.
    President Trump cracked down on anti-Semitism by canceling visas for foreign students who are Hamas sympathizers.
    President Trump initiated a process to build a next-generation missile defense shield over the United States.
    President Trump hosted Israeli Prime Minister Benjamin Netanyahu for a visit where he proposed a bold vision for securing lasting peace in Gaza.
    Former U.S. Ambassador to Israel David Friedman described the proposal as “brilliant, historic and the only idea I have heard in 50 years that has a chance of bringing security, peace and prosperity to this troubled region.”

    President Trump hosted Japanese Prime Minister Shigeru Ishiba, who announced his intention to “elevate Japan’s investment in the United States to an unprecedented amount of $1 trillion,” import “historic” quantities of LNG from Alaska, and open new auto plants in the U.S.
    President Trump hosted Jordan’s King Abdullah II, who announced that the Kingdom will accept 2,000 sick children from Gaza “as quickly as possible.”
    President Trump hosted Indian Prime Minister Narendra Modi for a visit where they announced new deals between the two countries on immigration, trade, energy, and artificial intelligence.
    President Trump is re-establishing the U.S. military as the strongest, most powerful fighting force in the world.
    The U.S. military is seeing its highest recruitment numbers in modern history.
    The U.S. Army saw its highest recruitment numbers in 15 years following President Trump’s victory.
    The U.S. Navy is on track for its highest recruitment numbers in two decades.
    The U.S. Air Force saw its highest recruitment numbers in 15 years in December, January, and February — while the number of recruits in its Delayed Entry Program is the most in nearly a decade.

    President Trump selected Lt. Gen. Dan ‘Razin’ Caine to be the next chairman of the Joint Chiefs of Staff.
    Caine’s resumé includes two tours in Iraq, protecting the nation’s capital after 9/11, and serving as a deputy commanding general during President Trump’s successful effort at eliminating ISIS.

    President Trump reinstated, with backpay, U.S. service members who were discharged under the military’s nonsensical COVID-19 vaccine mandate.
    The U.S. Army barred transgender people from enlisting and stopped using taxpayer funds on sex change surgeries for service members.
    Secretary of Defense Pete Hegseth restored Fort Liberty, North Carolina, to “Fort Bragg,” in honor of a World War II hero, and restored Fort Moore to “Fort Benning” in honor of World War I hero Army Cpl. Fred G. Benning.
    President Trump ordered the immediate dismissal of the Board of Visitors for the Army, Air Force, Navy, and Coast Guard following years of woke ideologies infiltrating U.S. service academies.

    MIL OSI USA News

  • MIL-Evening Report: Safe for autocracy: the world according to Putin and Trump

    Source: The Conversation (Au and NZ) – By Matthew Sussex, Associate Professor (Adj), Griffith Asia Institute; and Fellow, Strategic and Defence Studies Centre, Australian National University

    What does an ideal world look like for Russian President Vladimir Putin and his US counterpart Donald Trump? In a word: ugly.

    Trump’s embrace of Russia’s dictator, his bullying of a weakened Ukraine, his musings about new US territorial conquests, and his dismantling of US democratic institutions would, in any other age, have resulted in his immediate removal from office.

    And yet he has succeeded in beating his political opponents into submission, while his cultish following applauds every fresh outrage he visits on America’s friends, and every undeserved boon he grants its enemies.

    American interests?

    When discussing foreign policy, we typically use the term “national interests” to frame our understanding of what countries want, and the enablers and constraints that affect their chances of achieving it. Essentially, we to try to identify some parameters about what countries can, can’t, and might do.

    It assumes that factors such as economic heft, military capability, natural resources, alliance networks and geopolitical position all create a kind of baseline unique to each nation. It also assumes a fair amount of continuity in foreign policy, as new governments invariably face the same kinds of challenges and opportunities as past ones.

    And crucially, it assumes leaders will recognise it: that in democracies, for instance, elected public servants will continue acting in the broader public good.

    Not so for Trump. His behaviour is far more reminiscent of Putin’s. Like the Russian autocrat he idolises, Trump’s main domestic and foreign agendas revolve around his personal fortune, cementing his political power, and creating a narrative that existential forces – as well as internal enemies – are to blame for America’s problems.

    By presenting himself as the nation’s only possible saviour, Trump is directly plagiarising the Putin playbook.

    Like Russia’s tsar in all but name, Trump is creating an image of the state in which regime security and national security are innately linked. In that way, America First and Trump First are not just compatible, but actually synonymous.

    Trajectories of power

    Where the two differ, though, is that Putin’s recipe for dominating Russian politics has tended to increase his country’s raw national power, rather than diminishing it.

    Certainly, Putin’s renationalisation of Russia’s energy sector helped turn Russia into a petro-giant. That Putin has remained at the top of Russian politics for so long has been at least partly because he has distributed Russian wealth beyond a clique of oligarchs.

    The result was a larger middle class, apathetic to politics and tolerant of dictatorship, as long as living standards were improving.

    At the same time, Putin’s erosion of freedoms created powerful disincentives to express any opposition to his regime. After all, when criticising Russia’s “special military operation” in Ukraine can lead to beatings, ostracism from society, being sent to the front, or a prison sentence of up to 15 years, where’s the value in speaking out?

    There are plenty of signs that Trump would like to emulate Putin’s progress. From installing loyalists in the military and the ostensibly independent Department of Justice and FBI, coupled with threats against freedom of the press, his subversion of US democracy looks eerily familiar.

    But Trump’s recipe for success looks almost certain to weaken the US, not strengthen it.

    He has surrounded himself with completely unqualified supplicants in key roles, chosen on the basis of loyalty rather than competence.

    Purges at the CIA are weakening America’s vaunted intelligence-gathering capabilities. Orders to stop cyber operations against Russia are an extraordinary own-goal.

    Trump’s punishment of partners via tariffs – along with continued suggestions about annexing Canada, and his belittling of Prime Minister Justin Trudeau by calling him “governor” – are costing America friendships built on decades of trust.

    These schisms are becoming evident across the Atlantic too. In France, for instance, even the far-right nationalist Marine Le Pen has criticised Trump’s standover tactics in suspending military aid to Ukraine. A recent French poll found that fully 73% of respondents believed Trump’s US was no longer an ally.

    A new age of empires

    The recent – and historically breathtaking – statement by Putin’s press secretary, Dmitry Peskov, that Russian and US worldviews now largely align speaks volumes about the kind of world both regimes now agree on.

    It is, put simply, a new Age of Empires. This has long been a central theme of Russian geopolitical propaganda: that all major decisions affecting the world should be taken in only three of its capitals: Moscow, Beijing and Washington.

    In this brutal order, the strong do as they will, and the weak do as they must. It envisages a world cleaved into spheres of influence, with Russia permitted to run rampant over Eastern Europe, the US dominating the Americas and the East Pacific, and China as a hybrid maritime and continental power exerting hegemony in Asia.

    So how worried should we be? When we think of past global dangers, events such as the Cuban Missile Crisis come to mind. This is, of course, not the same: there isn’t the potential imminence of nuclear war.

    But there should nonetheless be not just deep concern but also immediate action to inoculate ourselves, as best we can, from the slow-burn effect of a world made safe for autocracy rather than democracy.

    There is also a legitimate counterargument that Trump’s bark is worse than his bite; that he will be a lame duck after the mid-term elections in 2026; and that all US allies need do is to keep a low profile until then.

    That may have been an appropriately soothing sentiment during Trump’s first term, but in his second one it rings increasingly hollow.

    For one thing, the goalposts have shifted. Trump has shown he will act with near-total impunity. He will doubtless try to manipulate elections, and he has shown before that he is perfectly prepared to reject their outcomes. For another, this time he will have not just a pliant legislature and cabinet, but also a loyal bureaucracy, and key supporters in law enforcement and military posts.

    Given that, it is one thing to hope for the best. But it makes sense also to plan for the worst. If the past few weeks have taught us anything, it is to be prepared for virtually daily episodes of disappointment. Or, to put it bluntly: things will get worse before they get better.

    Matthew Sussex has received funding from the Australian Research Council, the Atlantic Council, the Fulbright Foundation, the Carnegie Foundation, the Lowy Institute and various Australian government departments and agencies.

    ref. Safe for autocracy: the world according to Putin and Trump – https://theconversation.com/safe-for-autocracy-the-world-according-to-putin-and-trump-251246

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Submissions: Global Economy – Trump’s Congress address triggers alarm: Biggest economic shift since 2008 crash, full-blown trade war? – deVere Group

    Source: deVere Group

    March 5 2025 – The global economy could now be on the brink of “its most severe disruption since the 2007-2008 financial crisis, besides the pandemic,” warns the CEO of global financial advisory giant, deVere Group.

    The comments from Nigel Green of deVere Group comes after in his highly anticipated address to Congress, US President Donald Trump doubled down on the most aggressive tariff policies seen since the 1940s in some respects, delivering a speech that, despite its rhetoric of economic strength, is set to cause concern through financial markets.

    He argued that “tariffs are not just about protecting American jobs, they’re about protecting the soul of our country,” but admitted they would cause “disturbance”.

    “Tariffs are about making America rich again, and making America great again,” he said. “And it’s happening, and it will happen rather quickly.”

    “There will be a little disturbance, but we’re okay with that,” he continued.

    In response, deVere Group’s Nigel Green says: “This is no longer just a warning sign. This is seemingly turning into an all-out trade war.

    “The immediate market reaction to Trump’s sweeping tariffs on Canada and Mexico was stark, with declines across major indices, reflecting investor fears of a prolonged and damaging standoff.

    “The true extent of the fallout, however, has yet to be fully realized, especially as wider reciprocal tariffs are set to be rolled on April 2, according to Trump in his address.”

    Donald Trump said “countless” nations charge the US “tremendously higher tariffs than we charge them”. The president said China’s average tariff on US products were twice what America charges Beijing.

    He added the average South Korean tariff was four times higher than what the US imposes on Seoul.

    The deVere CEO comments: “History has proven that protectionist policies of this magnitude don’t end in prosperity, but in economic isolation, slower growth, and inflationary pressures that ultimately hit consumers and businesses hardest.”

    “Tariffs are not a win for American workers or businesses—they’re taxes.”

    Companies across industries, from manufacturing to tech, are expected to bear the brunt of these costs, leading to price hikes, squeezed margins, and reduced competitiveness.

    “Trump’s assertion that these measures will strengthen the US economy is, at best, disingenuous.

    “The reality is that higher costs on imported goods will ripple through supply chains, forcing firms to either absorb the added expense or pass it onto consumers.” Either way, the result is likely economic pain.

    “The global repercussions cannot be overstated. Tariffs on key trading partners set off a chain reaction—retaliatory measures, shifting supply chains, capital flight, and a decline in investor confidence,” notes Nigel Green.

    Emerging markets, already grappling with tighter financial conditions, will be particularly vulnerable.

    The world is entering a period of heightened economic uncertainty, and with central banks already stretched in their policy responses, there is no easy fix on the horizon.

    Despite Trump’s assurances of an economic renewal, his trade war stance directly undermines long-term stability.

    “The lessons of past crises should serve as a stark reminder: economic nationalism and aggressive tariffs do not fuel growth; they suffocate it. The financial landscape is shifting rapidly, and businesses and investors must now brace for a turbulent period ahead.”

    What happens next will depend on how global markets, policymakers, and businesses react in the coming weeks.

    “It can be reasonably assumed that the fallout from Trump’s trade war is only just beginning. Households, businesses and investors need to buckle up,” concludes Nigel Green.

    deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $12bn under advisement.

    MIL OSI – Submitted News

  • MIL-OSI Australia: Interview with Olivia Caisley, Afternoon Briefing, ABC

    Source: Australian Treasurer

    Oliva Caisley:

    To unpack that and much, much more today, let’s bring in our political panel, LNP Senator Paul Scarr and Assistant Minister for Competition Andrew Leigh.

    Welcome to you both to the program. There is plenty of news to get through today. Paul let’s start with you quickly first. You’re in Queensland, which is in the path of Cyclone Alfred.

    Paul Scarr:

    Yep.

    Caisley:

    How prepared is your community?

    Scarr:

    I think the community is as prepared as it can be. There’s very close liaison between all 3 levels of government: the federal government, the state government, the local government authorities. Sandbags are being made available, people are being given warnings and suggestions and recommendations as to how to prepare. And the community’s coming together, as Queenslanders always come together, whether or not it’s in North Queensland or in the southeast corner, we come together at times like this and help each other.

    Caisley:

    And Paul, we just heard there before the WA Premier Roger Cook referring to the American Vice President as a ‘knob’ over that extraordinary argument that took place in the Oval Office over the weekend. Is that an appropriate way for a state leader to be speaking?

    Scarr:

    I don’t believe so. I don’t believe it is. And I don’t believe it’s helpful. And from my perspective, I think our focus here in Australia should be on Australia’s commitment to the people of the Ukraine, and in respect of that commitment, it’s quite bipartisan.

    And before the last election, the Coalition government had a very strong position with respect to assisting the people of Ukraine and Ukraine’s right to its sovereignty, its own secure sovereign borders, and that policy has continued, notwithstanding there was a change in government after the last election. So, I think we should focus on what Australia’s policy is.

    Caisley:

    And Andrew, what did you think?

    Andrew Leigh:

    Well, US politics is endlessly interesting, and it’s always tempting to express your view every time something happens over in the US. But we’re really focused right now on the challenges that Australia faces.

    As Paul said, preparing for Cyclone Alfred, which is looking like making landfall either on Thursday or Friday of this week.

    I would urge any of your viewers who are able‑bodied to consider signing up for EV CREW, a great on‑the‑ground operation which allows you to help out in the local community.

    And as Paul said, there’s bipartisan support for Ukraine. Australia has given $1.5 billion in assistance, of which $1.3 billion is military aid.

    Caisley:

    We have just seen in the past couple of hours the United States announcing that it’s actually going to freeze aid or support to Ukraine. Could I get both of your response to that? Let’s start with you, Paul.

    Scarr:

    Well, again, that’s a matter for the United States government, and again, I think we should focus on what Australia’s position is. And I attended a campaign rally on the third anniversary of the invasion of Ukraine. There were representatives, again, from all levels of government, both major political parties in Australia, and we’re on the same page in terms of continuing to provide our support to the people of Ukraine. And that’s the way it should be.

    Caisley:

    I was watching Donald Trump’s press conference in the early hours of this morning, and in it, he said that Volodymyr Zelenskyy needs to show more appreciation. We then have seen these reports that aid will be paused until Volodymyr Zelenskyy demonstrates a good faith commitment to peace.

    How does this at all, or if at all, Andrew, change the security equation for Australia?

    Leigh:

    Well, you’ve seen in London a range of European powers stepping in and taking important steps towards peace. It is really important that we see peace in Ukraine. This is a war started by Russian aggression. Australia has stood steadfastly with the people of Ukraine.

    I joined with a range of parliamentarians who met with the Ukrainian Ambassador to Australia during the most recent parliamentary sitting to again show the solidarity of Australians for Ukraine.

    We’ve got the Bushmasters there, the Abrams tanks. We have been a strong supporter of the people of Ukraine, as is appropriate for a fellow democracy seeing the brutality that has been waged on the people of Ukraine through an utterly unprovoked war started by Russia.

    Caisley:

    There’s bipartisanship when it comes to support for Ukraine, but we have seen a point of difference emerging between Peter Dutton and Anthony Albanese when it comes to boots on the ground or potential peacekeeping missions. The Prime Minister today not ruling out sending troops over there; this is in contrast to the Opposition Leader.

    Paul, on the politics of this, is Labor outmanoeuvring the Coalition here on an issue that the Coalition usually feels pretty comfortable in?

    Scarr:

    I don’t believe so. And I think the Coalition was in government when Russia launched its illegal invasion of Ukraine, and we were at the forefront in terms of an appropriate policy response to that, including providing humanitarian places for refugees from Ukraine to Queensland, many of whom I met shortly after their first arrival.

    In terms of so‑called boots on the ground, I think the point Peter Dutton has made, and I think he’s correct, the onus should really be on the Europeans in terms of providing boots on the ground as peacekeepers, and they’ve got the capacity to do that. Australia has its own obligations in the Asia‑Pacific region and from my perspective, given the Europeans have the capacity and we have our own obligations in our own region, I think that’s where our focus should be.

    Caisley:

    Okay. Andrew, I just wanted to get a sense from you from the government’s perspective. So, this openness, I guess, to having boots on the ground is a shift or 180 from the Prime Minister’s office position yesterday. They provided the ABC with a statement saying the deployment of troops wasn’t under consideration. Today, there has been a shift in that view. What has, I guess, prompted that change?

    Leigh:

    Well, Olivia, I think we probably don’t want to get ahead of ourselves in this. The Prime Minister has simply said that Australia would consider such a request if it was to come through.

    Paul’s quite right that the primary role is going to be played here by the Europeans, as it has been throughout this terrible conflict.

    Caisley:

    Do you think, Paul, that it’s even possible to get out from under the US security umbrella, given how close we are as allies with the United States? Is it something that should be considered given the, I guess, particularly febrile environment in the Oval Office right now?

    Scarr:

    Well, the United States is one of our closest allies and our most important ally, and I think that will continue for decades and decades to come. And the historical links between the 2 countries and, more recently, developments such as AUKUS just demonstrate the continuity of that relationship. And I just don’t see any change in that relationship, either in the short term, medium term, or even the long term.

    Caisley:

    Andrew, the Coalition today say they want to stop public servants from working from home. The Independent Senator David Pocock has described this as a culture war distraction. What’s your response to that?

    Leigh:

    Well, another day, another attack on the public service from Peter Dutton. First, he’s saying that we should fire one in five public servants and go back to the days of Robodebt and excessive waiting times. Now he’s suggesting that the kind of modern working arrangements that big Australian corporations extend to their workers shouldn’t exist in the public service.

    What that would mean is that women with caring responsibilities, people with disabilities, would be fired in droves from the public service, and the Australian public would lose out from having less capable people working in the public service.

    Just to take one example, the wait time for a parental leave application to be processed when we came to office was 31 days. We’ve got that down to 3 days. We had a backlog of 42,000 veterans claims, and we’ve dealt with 97 per cent of that backlog.

    You can’t fire one in five public servants without dramatically worsening the public services in Australia and going back to Robodebt and long wait times.

    Caisley:

    Paul, I’ll give you an opportunity to defend the Coalition policy. Why is this a good idea to crack down on public servants working from home?

    Scarr:

    I think we’ve seen across the whole economy, both private sector and the public sector, dealing with this phenomenon that during the COVID‑19 pandemic, more and more people were working from home, and there were reasons for that. But there’s been a slow return back to the workplace, and a lot of the private sector businesses I speak to talk about the concern they’ve had in terms of collaboration in the office, in terms of communication, in terms of productivity.

    And I think the obvious point is being made that when you’ve got people working together in the workplace, collaborating, having those hundreds of interactions you have every single day in a workplace, you’re more productive and quite often, you achieve better results.

    So, the other thing to note is all existing agreements and arrangements will be respected. The simple policy point is if you are going to have a working from home policy, it needs to suit the individual, but it also needs to suit the workplace, and that means people need to work collaboratively together and adopt a common‑sense approach.

    Caisley:

    Just on that, though, Paul, can you give me a sense, is this something that’s being brought up with you in your electorate, is this a concern that’s been raised with you by your constituents?

    Scarr:

    I think the concern about the work from home phenomenon has been raised with me ever since we started coming out of the COVID‑19 pandemic. And just to give you one example, in many of the professional services firms, when I was a young lawyer I’d attend the workplace and you’d have the benefit of that interaction with mentors, with leaders, get all that guidance you got on an ad hoc basis, and a lot of young workers, new employees, have missed out on that because of this increase in working from home.

    So, I think this isn’t an issue to be simplified. I note Andrew’s political spin on it, but there are real issues here in terms of how our workplaces function and how they can be the most productive in terms of what they’re doing.

    Leigh:

    Olivia, if I can just come back on that.

    Caisley:

    Yes, please.

    Leigh:

    I mean, you can either have the position that you want to have a reasonable discussion in respect of workplace arrangements, or you can have the announcement that the Coalition made today that all public servants are coming back into the office.

    Either Paul is rejecting the policy that Jane Hume put forward, or else he is supporting that, and that would immediately mean that a whole lot of people would lose their jobs who have disabilities and caring responsibilities.

    The fact is the Coalition want to play these kind of ideological games. They want to pretend that public servants are all in Canberra. Two‑thirds of our public servants are outside Canberra, and tens of thousands are working in the region.

    Public servants are out there processing tax returns, dealing with cyber security, keeping Australians safe from terrorist threats, dealing with biosecurity challenges. You simply cannot manage a 21st‑century Australia by firing one in five public servants, as the ideologically driven Dutton Opposition would do.

    Caisley:

    So, Paul, maybe if I just go back to you quickly there. I mean, clearly, the public service is in the Coalition’s sights if they do form government. Ultimately, we saw Peter Dutton just a couple of weeks ago on making that Medicare announcement that ultimately he’ll help fund that by, I guess, cutting public servant jobs.

    Scarr:

    Well, I just want to come back to some of the points which Andrew made, and I think it’s really important to note that people need to consider what my good friend Jane Hume said in its totality. And in its totality, it referred to the fact that existing working arrangements will of course be respected, will of course be respected. And that’s the way it should be.

    But in terms of moving forward, you need to have work from home arrangements – and it doesn’t matter if you’re the private sector or the public sector – which are in the best interests of both the employer, in this case the public service, the department, and also the employee.

    So, I think what we’re seeing from Labor is a really disappointing scare campaign. A lot of businesses, a lot of workplaces across the world have struggled with this working from home phenomenon which broke out during the COVID‑19 pandemic, or certainly accelerated, and we’re now trying to achieve more balance.

    Caisley:

    Look, we do have some breaking news now. China will impose retaliatory additional tariffs of 10 to 15 per cent on certain US agricultural imports from March 10. That’s according to a statement from the Chinese Finance Ministry. These goods will include soy beans, pork, beef, fruits, vegetables and dairy products and those duties to kick in next week by the looks of things. I know this is just happening now, but Paul, do you have a response to that?

    Scarr:

    Well, I’d just say from an Australian perspective that tariffs, trade barriers are simply not in Australia’s best interests as a general principle. We are a trading nation. We depend upon trade. And free and open trade is so important to Australia’s economy.

    So, it’s up to the Chinese government what its policy is, but from Australia’s perspective, looking at Australia’s perspective, we are a trading nation. And tariffs and other trade barriers are not in our best interests no matter who applies them.

    Caisley:

    I mean, and Andrew, I’d love your thoughts on this too. At the moment, Australia’s waiting to see if we’ll be slapped with 25 per cent tariffs on steel and aluminium. Now we’re hearing that China is slapping its own tariffs, retaliatory ones on the US. Do you have a view on this?

    Leigh:

    Well, economists disagree about a range of issues, but one thing on which there’s near universal consensus is on the benefits of open markets. Paul’s dead right on tariffs. A trade war doesn’t have any winners. Australia has been benefitted from open markets and from our engagement with the rest of the world.

    We’re just 0.3 per cent of the world’s population, a small share of the world’s economy, and trade allows us to specialise in what we do best and enjoy higher living standards than if we were cut off from the rest of the world.

    So, we’ll continue to argue for trade liberalisation, to work with through multilateral organisations for an open trading system, and to engage with like‑minded partners in order to spread the benefits of open markets, which have been such a key driver of prosperity over recent decades.

    Caisley:

    Andrew, Paul, thank you so much for your time this afternoon.

    Leigh:

    Thanks, Olivia. Thanks, Paul.

    Caisley:

    I note that date, the 10th of March, probably no coincidence there because that is when the US tariffs on China are due to take place as well.

    MIL OSI News

  • MIL-OSI Economics: Money Market Operations as on March 04, 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) 5,66,314.76 5.97 4.99-6.50
         I. Call Money 13,610.28 6.27 5.15-6.40
         II. Triparty Repo 3,82,192.65 5.93 5.65-6.18
         III. Market Repo 1,68,859.58 6.05 4.99-6.50
         IV. Repo in Corporate Bond 1,652.25 6.29 6.25-6.50
    B. Term Segment      
         I. Notice Money** 140.00 6.17 6.05-6.30
         II. Term Money@@ 275.50 6.30-7.25
         III. Triparty Repo 0.00
         IV. Market Repo 70.48 6.25 6.25-6.25
         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 Tue, 04/03/2025 1 Wed, 05/03/2025 5,855.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Tue, 04/03/2025 1 Wed, 05/03/2025 143.00 6.50
    4. SDFΔ# Tue, 04/03/2025 1 Wed, 05/03/2025 2,17,894.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,11,896.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 21/02/2025 14 Fri, 07/03/2025 41,046.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (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#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,302.70  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,32,312.70  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     20,416.70  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on March 04, 2025 9,10,913.15  
         (ii) Average daily cash reserve requirement for the fortnight ending March 07, 2025 9,22,740.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 04, 2025 5,855.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 07, 2025 -1,973.00  
    @ 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. 2024-2025/2013 dated January 27, 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: 2024-2025/2298

    MIL OSI Economics

  • MIL-OSI Asia-Pac: President Lai meets US Heritage Foundation founder Dr. Edwin Feulner

    Source: Republic of China Taiwan

    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
    2025-02-20
    President Lai attends opening of 2025 Halifax Taipei forum
    On the afternoon of February 20, President Lai Ching-te attended the opening of the 2025 Halifax Taipei forum. In remarks, President Lai thanked the Halifax International Security Forum for their strong support for Taiwan, and for having chosen Taiwan as the first location outside North America to hold a forum. Noting that we face a complex global landscape, the president called on the international community to take action. He said that as authoritarianism consolidates, democratic nations must also come closer in solidarity, and called on the international community to create non-red global supply chains, as well as unite to usher in peace. President Lai emphasized that Taiwan will work toward maintaining peace and stability in the Taiwan Strait, and collaborate with democratic partners to form a global alliance for the AI chip industry and together greet a bright, new era. A transcript of President Lai’s remarks follows: To begin, I want to give a warm welcome to all the distinguished guests here at the very first Halifax Taipei forum. The Halifax International Security Forum, held every year in Canada, has been an important gathering for freedom-loving nations worldwide. I would like to thank Halifax and President [Peter] Van Praagh for their strong support for Taiwan. Every year since 2018, Taiwan has been invited to participate in the forum. Last year, former President Tsai Ing-wen was invited to speak, and this year, Halifax has chosen Taiwan as the first location outside North America to hold a forum. As President Van Praagh has said, “While the security challenges ahead are too big for any single country to solve alone, there is no challenge that can’t be met when the world’s democracies work together.” Today, we have world leaders and experts who traveled from afar to be here, showing that they value and support Taiwan. It demonstrates solidarity among democracies and the determination to take on challenges as one. I would like to express my gratitude and admiration to all of you for serving as defenders of freedom. At this very moment, Russia’s invasion of Ukraine is still ongoing. Authoritarian regimes including China, Russia, North Korea, and Iran continue to consolidate. China is hurting economies around the world through its dumping practices. We face grave challenges to global economic order, democracy, freedom, peace, and stability. Taiwan holds a key position on the first island chain, directly facing an authoritarian threat. But we will not be intimidated. We will stand firm and safeguard our national sovereignty, maintain our free and democratic way of life, and uphold peace and stability across the Taiwan Strait. Taiwan cherishes peace, but we also have no delusions about peace. We will uphold the spirit of peace through strength, using concrete actions to build a stronger Taiwan and bolster the free and democratic community. I sincerely thank the international community for continuing to attach importance to the situation in the Taiwan Strait. Recently, US President Donald Trump and Japan’s Prime Minister Ishiba Shigeru issued a joint leaders’ statement expressing their firm support for peace and stability across the Taiwan Strait, and for Taiwan’s participation in international affairs. As we face a complex global landscape, I call on the international community to take the following actions: First, as authoritarianism consolidates, democratic nations must also come closer in solidarity. Just a few days ago, the top diplomats of the US, Japan, and South Korea held talks, underlining the importance of maintaining peace and stability across the Taiwan Strait. They also conveyed their stance against “any effort to destabilize democratic institutions, economic independence, and global security.” On these issues, Taiwan will also continue to contribute its utmost. I recently announced that we will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP.  Soon after I assumed office last year, I formed the Whole-of-Society Defense Resilience Committee at the Presidential Office. This committee aims to combine the strengths of government and civil society to enhance our resilience in national defense, economic livelihoods, disaster prevention, and democracy. We will also deepen our strategic partnerships in the democratic community to mutually increase defense resilience, demonstrate deterrence, and achieve our goal of peace throughout the world. Second, let’s create non-red global supply chains.  For the democratic community to deter the expansion of authoritarianism, it must have strong technological capabilities. These can serve as the backbone of national defense, promote industrial development, and enhance economic resilience. So, in addressing China’s red supply chain and the impact of its dumping, Taiwan is willing and able to work with global democracies to maintain the technological strengths among our partners and build resilient non-red supply chains. As a major semiconductor manufacturing nation, Taiwan will introduce an initiative on semiconductor supply chain partnerships for global democracies. We will collaborate with our democratic partners to form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. The achievements of today’s semiconductor industry in Taiwan can be attributed to our collective efforts. Government, industry, academia, and research institutions had to overcome various challenges over the last 50 years for us to secure this position.  We hope Taiwan can serve as a base for linking the capabilities of our democratic partners so that each can play a suitable role in the semiconductor industry chain and develop its own strengths, deepening our mutually beneficial cooperation in technology. This benefits all of us. Moreover, it allows us to further enhance deterrence and maintain global security. Third, let’s unite to usher in peace. China has not stopped intimidating Taiwan politically and militarily. Last year, China launched several large-scale military exercises in the Taiwan Strait. Its escalation of gray-zone aggression now poses a grave threat to the peace and stability of the Indo-Pacific region. As a responsible member of the international community, Taiwan will maintain the status quo. We will not seek conflict. Rather, we are willing to engage in dialogue with China, under the principles of parity and dignity, and work toward maintaining peace and stability in the Taiwan Strait. As the agenda of this forum suggests, democracy and freedom create more than just opportunities; they also bring resilience, justice, partnerships, and security. Taiwan will continue working alongside its democratic partners to greet a bright, new era. Once again, a warm welcome to all of you. I wish this forum every success. Thank you. Also in attendance at the event were Mrs. Abe Akie, wife of the late former Prime Minister Abe Shinzo of Japan, and Halifax International Security Forum President Van Praagh.

    Details
    2025-02-18
    President Lai meets British-Taiwanese All-Party Parliamentary Group delegation
    On the morning of February 18, President Lai Ching-te met with a delegation from the British-Taiwanese All-Party Parliamentary Group (APPG). In remarks, President Lai thanked the delegation members, the Parliament of the United Kingdom, and the UK government for continuing to demonstrate support for Taiwan through a variety of means. He also stated that Taiwan-UK relations have advanced significantly in recent years, noting that the Taiwan-UK Enhanced Trade Partnership (ETP) is the first institutionalized economic and trade framework signed between Taiwan and any European country. The president said he looks forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability, and indicated that together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. A translation of President Lai’s remarks follows: This is the first UK parliamentary delegation of the current session to visit Taiwan. On behalf of the people of Taiwan, I extend my sincerest welcome to you all. APPG Chair Sarah Champion visited Taiwan last May to attend the inauguration ceremony of myself and Vice President Bi-khim Hsiao. In July, she also attended the annual summit of the Inter-Parliamentary Alliance on China (IPAC), which was held in Taipei. I am delighted that we are meeting once again. Taiwan-UK relations have advanced significantly in recent years. I would especially like to thank our distinguished guests, as well as the UK Parliament and government, for continuing to demonstrate support for Taiwan through a variety of means. For example, the House of Commons held a debate on Taiwan’s international status last November. After the debate, a motion was unanimously passed affirming that United Nations General Assembly (UNGA) Resolution 2758 does not mention Taiwan. Responding to the motion, Parliamentary Under-Secretary of State Catherine West stated that the UK opposes any attempt to broaden the interpretation of the resolution to rewrite history. This highlighted concrete progress in Taiwan-UK bilateral relations. I would also like to thank the UK Parliament and government for openly opposing on multiple occasions any unilateral change to the status quo across the Taiwan Strait, and for emphasizing that the security of the Indo-Pacific and transatlantic regions is closely intertwined. We look forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability. Together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. For example, the Taiwan-UK ETP is the first institutionalized economic and trade framework signed between Taiwan and any European country. We hope to swiftly conclude negotiations on signing sub-arrangements on investment, digital trade, and energy and net-zero transition. This will facilitate even more exchanges and cooperation between Taiwan and the UK. We also hope that the UK will continue to support Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Together, we can build even more resilient global supply chains and further contribute to global prosperity and development. I believe that this visit adds to a strong and solid foundation for future Taiwan-UK cooperation. Thank you once again for backing Taiwan. I wish you a fruitful and successful visit. Chair Champion then delivered remarks, thanking President Lai for his warm welcome and for the hospitality he has shown to her and the delegation, and thanking Taiwan’s excellent team of officials for their care and attention. Chair Champion expressed that she thinks the IPAC conference held in Taiwan at the end of July last year was very significant, with legislators from 23 countries coming to show support for Taiwan, adding that that is something they have built on since the conference. She stated that she is also very proud that the UK Parliament supported the motion which made very clear that UNGA Resolution 2758 is specific to China and only to China, expressing that it was important and powerful that they recognize that. The chair went on to say that after the UK’s general election, more than half of the members of parliament are now new. She said she is very proud that there are new MPs as part of the delegation, and that she hopes it gives President Lai reassurance that their commitment to Taiwan is still there.  Chair Champion emphasized that the all-party group is important because it is indeed all-party, and that they work together for their common interests, stating that the common interest for the UK and for the world is to maintain Taiwan’s sovereignty. She also noted that the United States has now come out very much in support of Taiwan, which she said she hopes encourages other countries around the world to do the same. Chair Champion said that the UK will be going into the 27th trade negotiation with Taiwan, and that they hope the partnership that develops is very fruitful. The chair closed by saying that it is wonderful for the delegation to be meeting President Lai, as well as legislators and ministers, and to be understanding more about the culture of Taiwan so that they can build a deeper, longer-lasting friendship. The delegation also included Lord Purvis of Tweed of the House of Lords and Members of Parliament Ben Spencer, Helena Dollimore, Noah Law, and David Reed. The delegation was accompanied to the Presidential Office by Political and Communications Director at the British Office in Taipei Natasha Harrington.  

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI USA News: President Trump is Putting American Workers First — And Bringing Back American Manufacturing

    Source: The White House

    President Donald J. Trump is standing up for American workers, strengthening American industries, and making clear to the world that America will no longer be ripped off — a push that has already delivered historic results.

    President Trump is leveling the playing field for American workers.

    • President Trump restored a 25% tariff on steel imports and elevated the tariff to 25% on aluminum imports to protect these critical American industries from unfair foreign competition.
    • President Trump unveiled a plan for fair and reciprocal trade, making clear to the world that the United States will no longer tolerate being ripped off — a plan met with praise across the board.
      • American Iron and Steel Institute: “American steel producers know well the negative impact of foreign unfair trade practices, including subsidies, currency manipulation and other unfair and discriminatory policies and practices, on domestic industries and their workers.”
      • Renewable Fuels Association: “For almost a decade now, we have spent precious time and resources fighting back against an unfair and unjustified tariff regime imposed by Brazil’s government on U.S. ethanol imports … We thank President Trump for taking this action and hope this reciprocal tariff will help encourage a return to free and fair ethanol trade relationship with Brazil.”

    President Trump is securing historic investments as companies seek to make their products in America instead of paying tariffs.

    • Nissan CEO Makoto Uchida said President Trump’s tariffs could push the car manufacturer to move its production from Mexico to the U.S.
    • Honda is expected to produce its next-generation Civic hybrid model in Indiana.
    • After a meeting with President Trump, Stellantis announced it will reopen its assembly plant in Belvidere, Illinois — putting 1,500 employees back to work — and build its next-generation Dodge Durango in Detroit, Michigan. The company also announced new investments in their Toledo, Ohio, and Kokomo, Indiana, facilities.

    In total, President Trump has secured nearly $2 trillion in new U.S. investments.

    • TSMC announced an unprecedented $100 billion investment in U.S.-based semiconductor chip manufacturing.
    • Apple announced a historic $500 billion investment that will create 20,000 new U.S.-based jobs.
    • President Trump announced the largest artificial intelligence infrastructure project in history, securing $500 billion in planned private sector investment — with major CEOs agreeing it would not have been possible without President Trump’s leadership.
    • President Trump secured a $20 billion investment by DAMAC Properties to build new U.S.-based data centers.
    • Wisconsin-based Clarios, a leader in low-voltage energy storage, announced a $6 billion plan to expand its U.S.-based manufacturing.
    • Eli Lilly and Company announced a $27 billion investment in its U.S.-based manufacturing.
    • Saudi Arabia declared its intention to invest $600 billion in the United States over the next four years.
    • Taiwan pledged to boost its investment in the United States.
    • Electronics giants Samsung and LG “are considering moving their plants in Mexico to the U.S.” now that President Trump is back in office.

    MIL OSI USA News