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Category: Asia

  • MIL-Evening Report: Another US funding cut threatens human rights in North Korea – and hands more power to a dictator

    Source: The Conversation (Au and NZ) – By Danielle Chubb, Associate Professor of International Relations, Deakin University

    Shutterstock

    This week, the United Nations Special Rapporteur on human rights in North Korea issued an appeal to the international community. She expressed concern about the future of civil society work on North Korean human rights.

    The cause for alarm is a sudden freeze on the funds of the National Endowment for Democracy (NED)- a US nongovernmental organisation.

    One major beneficiary of funds from the NED are groups documenting and helping to stop human rights abuses in North Korea.

    The funding halt threatens to damage further the lives of people living under one of the world’s most egregious authoritarian regimes.

    What is the NED?

    The NED is a US institution with a long history in its foreign policy, described as a “bastion of Republican internationalism”. Established by an act of Congress, it was signed into law by President Ronald Reagan in 1983.

    With bipartisan support, the NED is squarely based on core Republican values of spreading democracy through the world. It supports the work of nongovernmental organisations in more than 100 countries every year.

    While it is unclear why Elon Musk, in his role in the Department of Government Efficiency, has suddenly taken aim at this institution, the consequences of cutting off funding overnight are easy to see.

    One result is the likely end of decades-long work on North Korean human rights.

    How this affects North Korea

    One of the groups hit hard by this funding freeze is the Citizens’ Alliance for North Korean Human Rights. The original single-issue North Korean human rights organisation, it’s now planning to shut its doors.

    Without NED funding, it says it cannot cover its running costs, such as paying the rent or staff salaries.

    It also can’t continue its important work investigating and documenting human rights abuses suffered by North Korean people.

    The Citizens’ Alliance is just one of many groups, most of which are based in South Korea, that rely on the NED for their work.

    The political environment in South Korea is uncertain and precarious for North Korean human rights activists. Despite efforts to diversify funding sources over many decades, there are few other options.

    I have studied this question in-depth and over two decades. It’s a problem that cannot be overcome overnight, or even in the medium term, as it’s so deeply embedded, both politically and socially.

    In the absence of funding opportunities in South Korea, Seoul-based groups must look abroad.

    Yet many of the international support schemes available exist to fund in-country democratisation and human rights efforts.

    The authoritarian regime in North Korea is so complete that no active, open civil society efforts can safely take place. The movement relies entirely on transnational activism and so doesn’t neatly fit into existing funding schemes.

    On top of this, the funding freeze comes at a particularly bad time, with South Korea in a state of political turmoil. In the wake of the President Yoon Suk-yeol’s impeachment following his declaration of martial law, it is unclear what the future of the limited number of existing initiatives will be.

    Putting North Korea in the spotlight

    For a long time, the plight of those suffering human rights abuses inside the secretive country was not well known to the outside world.

    For decades, civil society groups built coalitions, gathered information, wrote reports, compiled databases, held public awareness-raising events, and lobbied politicians at all different levels. They then succeeded in bringing about the 2014 UN Commission of Inquiry into North Korean Human Rights.

    This inquiry, chaired by Australia’s Michael Kirby, has been the definitive document on North Korean human rights for more than ten years.

    Its findings of gross violations of human rights inside the country have formed the evidentiary basis for international action on North Korean human rights. Examples of the report’s findings include:

    • the use of political prison camps, torture, executions and other sorts of arbitrary detention to suppress real or perceived political dissent

    • an almost complete denial of the right to freedom of thought, conscience and religion and association

    • the use of access to food as a means of control over the population.

    Non-profit North Korean human rights groups remain at the centre of this work. Having succeeded in putting the issue squarely on the international agenda, they continue to press for greater attention on the human rights situation from the international community.

    The groups relying on NED funding do a wide range of work. They support North Koreans living in South Korea and elsewhere abroad. Some provide support to formally record human rights abuses, helping build a robust database of testimony from survivors.

    Others back in-country accounts from underground North Korean journalists, and more still do myriad other advocacy, support and accountability work.

    But now this work could all end more suddenly than anyone could have expected.

    More power to a dictator

    The Database Center for North Korean Human Rights has paused all but its most urgent programs and launched an appeal for donations. Executive Director Hannah Song has described the situation as a crisis of “a massive and sudden cut to funding that threatens the crucial work of those on the frontlines”.

    Sokeel Park, the leader of another nongovernmental group working in this space, described it as “by far the biggest crisis facing NGOs working on this issue since the start of the movement in the 1990s”.

    This is no exaggeration. The North Korean human rights movement has had an outsized effect on the international community’s awareness and understanding of how the North Korean government maintains order and represses dissent.

    So who wins out of this? North Korea’s Supreme Leader and dictator, Kim Jong-un.

    Back in 2018, US President Donald Trump’s State of the Union address centred on the human rights violations suffered by the North Korean people at the hands of the authoritarian regime. Trump declared:

    we need only look at the depraved character of the North Korean regime to understand the nature of the nuclear threat it could pose.

    Now, by effectively silencing the government’s most vocal critics, the Trump administration appears to be giving breathing room to one of the world’s most atrocious authoritarian regimes.

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

    – ref. Another US funding cut threatens human rights in North Korea – and hands more power to a dictator – https://theconversation.com/another-us-funding-cut-threatens-human-rights-in-north-korea-and-hands-more-power-to-a-dictator-251239

    MIL OSI Analysis – EveningReport.nz –

    March 4, 2025

  • MIL-OSI China: China’s ice city greets over 90 million visitors in 2024-2025 winter season

    Source: China State Council Information Office

    The craze for winter sports has fueled tourism in China’s ice city of Harbin, with the number of tourist arrivals growing 9.7 percent year on year to over 90 million during the 2024-2025 winter season.

    As one of China’s top winter tourism destinations, Harbin, the capital of northeast China’s Heilongjiang Province, saw its tourism sector rake in 137.22 billion yuan (about 19 billion U.S. dollars) from Nov. 8, 2024, to Feb. 28, 2025, up 16.6 percent year on year, according to Harbin’s culture and tourism bureau.

    The number of international visitors to Harbin, in particular, surged 94.2 percent compared to the last winter season, driven by an influx of tourists from Russia, Japan, the Republic of Korea and ASEAN countries, the bureau said.

    Harbin has ignited a fervor for ice and snow tourism on Chinese social media this winter, since the opening of the 41st Harbin International Ice and Snow Festival on Jan. 5.

    Attractions such as Harbin Ice-Snow World, the Sun Island International Snow Sculpture Art Expo, Central Avenue, St. Sophia Cathedral and the Siberian Tiger Park, alongside the festival, were among the most popular tourist destinations. Notably, Harbin Ice-Snow World welcomed a record-breaking 3.56 million visitors during its 68 days of operations.

    The ninth Asian Winter Games and a series of test events held in Harbin also contributed to the tourism surge. The city has built more than 500 ice-and-snow sports venues, and 15 local ski resorts have upgraded their facilities, entertaining spectators and athletes from around the world.

    Cultural venues such as the Harbin Museum and the Exhibition Hall of Evidences of Crime Committed by Unit 731 of the Japanese Imperial Army also experienced increased visitor traffic.

    China has unveiled an ambitious plan to develop its ice and snow economy as a new economic driver, targeting a total market size of 1.2 trillion yuan by 2027 and 1.5 trillion yuan by 2030, according to a guideline released by the State Council in 2024.

    Leveraging the opportunity, Harbin is implementing a slew of market regulation and tourist guidance measures to continue optimizing its tourism experience, unleashing greater economic momentum for its ice and snow resources.

    MIL OSI China News –

    March 4, 2025

  • MIL-OSI USA: Remarks by President Trump on Investment Announcement

    US Senate News:

    Source: The White House
    class=”has-text-align-center”>Roosevelt Room
    2:38 P.M. EST
         THE PRESIDENT:  Hello, everybody.  Thank you very much.
         Thank you very much.  This is a very big day for a lot of reasons, but this gentleman is a very unique man.  I think I can say, in the world of chips, certainly, but in the world pretty much of business, nobody has done what he’s done.  For those of you that are into that world, you would say, “Wow, he’s a legend.”  But he is a legend.  And it’s an honor to be with you.  Very great honor.  Thank you very much.
         MR. WEI:  Thank you, Mr. President.
         THE PRESIDENT:  Thank you very much.
         Welcoming, from TSMC — which is the biggest there is, at a level that you can’t even calculate, frankly — C.C. Wei, to the White House for a very historic announcement.  This is a tremendous thing for our country and, hopefully, for his company. 
         We’re also pleased to be joined by Commerce Secretary Howard Lutnick and White House AI and crypto czar, David Sacks, another two very highly respected people.  It’s great to have you guys involved.  And, David, thank you very much for coming on.
         David is sort of the king of intellect in that world.  We have some good people.     Today, Taiwan Semiconductor is announcing that they will be investing at least $100 billion dollars in new capital in the United States over the next short period of time to build state-of-the-art semiconductor manufacturing facilities.  I think, mostly, it’s going to be in Arizona, which is what I understand, which is a great state.  I like it because I won it.  But I won most of them — (laughs) — actually.  So — but I did.  We won it, and we won it big.
         The most powerful AI chips in the world will be made right here in America, and it’ll be a big percentage of the chips made by his company.  But, as you know, they’re based mostly in Taiwan.  And they’re far and away the biggest.  There’s nobody even close. 
         This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs — many thousands of jobs, and they’re high-paying jobs.     In total, today’s announcement brings Taiwan Semiconductor investments to about $165 billion — they’ve started already — among the largest new foreign direct investments in United States.
         Apple, as you know, made a big announcement last week of $500 billion, and we have some others that have announced. 
         We have many that want to announce.  But I don’t have time to do all of these announcements, I tell you.  But, for you, I’m doing the announcement.
         MR. WEI:  Thank you.
         THE PRESIDENT:  This will create hundreds of billions of dollars in economic activity and boost America’s dominance in artificial intelligence and beyond. 
         Semiconductors are the backbone of the 21st century economy — and, really, without the semiconductors, there is no economy — powering everything from AI to automobiles to advanced manufacturing.  And we must be able to build the chips and semiconductors that we need right here, in American factories, with American skill and American labor.  And that’s exactly what we’re doing.
         As you know, Taiwan pretty much has a monopoly on that market.  And I think “pretty much” is not a term that’s even appropriate.  They do have a monopoly.  And this is a tremendous move by the most powerful company in the world. 
         It’s a matter of economic security.  It’s also a matter of national security for us.  And, at the same time, Mr. Wei will be able to diversify and have his tremendous presence in another place and a very safe place.  And I want to thank Taiwan Semiconductor for doing the announcement.  
         And I’d like to ask Mr. Wei to say a few words, if you might.
         And I’d also like to ask Howard and David — you can say a couple of words.  But maybe you should go first because, right now, he’s the most important man in the room.  I’m sorry, fellas.
         Please.
         Thank you very much.  Thank you.  Great honor.  
         MR. WEI:  Thank you, Mr. President.
         THE PRESIDENT:  Thank you.
         MR. WEI:  I’m a — I’m a little bit nervous, so I have to pull out my piece of paper.
         Mr. President, Secretary Lutnick — and, David, I didn’t know that — your title, but — okay.
         First, I want to thank — say thank you to Mr. President to give me this opportunity to announce our big project in the U.S. 
    TSMC is the world’s largest chip manufacturing, founded by Dr. Morris Chang in 1987.  It’s now at the forefront of semiconductor technology, supporting AI advancement and industry growth. 
         In fact, I would like to wind back the time that in 2020 we have to thank President Trump’s vision and his support.  So, TSMC start the journey of establishing the advanced chip manufacturing in Arizona.  And now, let me proudly say, now the vision become reality.  
         In Phoenix, Arizona, with 3,000 employees, we are producing the most advanced chip made on U.S. soil with the success of our first fab. 
         So, we are now very happy to announce we are going to invest additional 100 billion U.S. dollar in addition to our current 65-billion-U.S.-dollars investment in Arizona.  We are going to build three more new fab — be- — after we promised the three fabs already, and another two very advanced packaging fab, and, most important, an R&D center, also in Arizona. 
         For this, all the investment — $165 billion — is going to create thousand of the high-paid job, as the president just announced.  And we are, most important — actually, we are going to produce many AI chips.  We are going to produce many chips to support AI’s progress and to support the smartphone’s progress. And, again, with that, I want to thank President Trump again for his support.  In addition, I also want to thank my customers in the U.S., such as Apple, Nvidia, AMD, Qualcomm, Broadcom.  They all support TSMC’s manufacturing in the U.S.  Without their support, we probably cannot make it true. 
    So, again, I want to thank them.  Also, I’d like to thank the TSMC’s employee.  Without their effort, we just cannot make it today. 
    That’s all I want to say.  And thank you. 
    THE PRESIDENT:  Thank you.  That’s great.  (Applause.)  Thank you very much. 
    Howard, please.  David.
    SECRETARY LUTNICK:  Sure.
    THE PRESIDENT:  Thank you. 
    SECRETARY LUTNICK:  So, I’m thrilled to be here today, because President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America. 
    Under the Biden administration, TSMC received a $6 billion grant, and that encouraged them to build $65 billion.  So, America gave TSMC 10 percent of the money to build here.  And now you’re seeing the power of Donald Trump’s presidency, because TSMC, the greatest manufacturer of chips in the world, is coming to America with $100 billion investment.  And, of course, that is backed by the fact that they can come here because they can avoid paying tariffs. 
    So, the idea is: Come to America.  Build greatness in America.  Build for the American customers — the Apple, Nvidia, that whole list that Chairman Wei gave — in order to bring production to America. So, we’re really, really excited.  This continues the most incredible path you’ve ever seen, in these first weeks and months of the Trump administration, of incredible manufacturing coming to America.  The keys that the president has called out are coming here.  They’re coming here in huge size because they want to be in the greatest market in the world, and they want to avoid the tariffs that, if they’re not here, they’d have to suffer. 
    So, I want to congratulate C.C. Wei for bringing in this incredible $100 billion investment, but it’s on the shoulders of our president, Donald Trump, which is why he’s coming. 
    So, thank you.  
    THE PRESIDENT:  Thank you.
    David.  
    MR. SACKS:  Thank you, sir.  Well, the products that TSMC makes are literally the most important products in the world.  I mean, these advanced chips power everything.  They power AI.  They power your phone.  They power your cars.  And without them, the whole modern economy would stop, but they’re not made in the United States. 
    So, for TSMC to move here is a huge, huge development, and we owe that to President Trump’s leadership on the economy and Secretary Lutnick as well.  And, C.C., thank you for — for coming here. 
    Thank you.  Yeah.
    THE PRESIDENT:  Thank you, David. 
    So, thank you very much.  A big percentage of chips with this investment will be made now — a big percentage.  Worldwide, we had very little.  Almost none.  We used to have a lot with Intel.  But we had very little.  And we’ll be at close to 40 percent of the market with this transaction and a couple of others that we’re doing.  That’s a tremendous leap — like, a leap that nobody would have really said was possible. 
    So, I just want to thank you all for being here.  If you want a couple of questions.
    (Cross-talk.)
    Q    On the — 
    THE PRESIDENT:  Ideally on this subject. 
    Yes, please. 
    Q    — specific number of jobs it will create.   He said thousands —
    THE PRESIDENT:  They — yeah.
    Q    — but do you have a better —
    THE PRESIDENT:  They — you’re probably talking about 25,000 jobs.  But it’ll get bigger and bigger with time.  Knowing this gentleman, it’ll get bigger and bigger.  There’ll be no stopping him.  (Laughs.)
    Q    Mr. President, what more —
    THE PRESIDENT:  Yeah.  Brian, go ahead.
    Q    Right.  In addition to the jobs, you talked about national security, and that’s one thing I think a lot of Americans —
    THE PRESIDENT:  Yeah. 
    Q    — at home don’t understand.  Explain the national security aspect of this. 
    THE PRESIDENT:  Well, without the chips and semiconductors, nothing runs today.  You can’t buy a car without them.  You can’t get a radio, a television, nothing — you can’t get anything.  And we thought it was very important — obviously, business was, but we thought even to terms of national security, to have this large percentage of the chips, semiconductors, and other things that they make — the most important product, and not a product that you can really copy.  It takes years and years.  
    You’re on the needle of a pin is total genius.  I mean, they can put things — I mean, something the size of the needle, the point of a pin, they put information that is just not even believable. 
    So, if you would — 
    (Cross-talk.) 
    If you would see this, it’s just really something. 
    Yes, Brian. 
    Q    Can I — one — one more aspect to that.  Honda —
    THE PRESIDENT:  Yeah. 
    Q    — announced they’re coming to Indiana because of the tariffs.  Once again —
    THE PRESIDENT:  That’s right.
    Q    — you’re bringing additional jobs in manufacturing.  Do you want to comment on that as well?
    THE PRESIDENT:  Well, Honda is coming, and I told you about Apple, that they’re going to be starting to build massively here — $500 billion.  And we have many other companies.  It’s going to be announced, but we had many that have already announced.  And no, it’s going to be great.  It’s looking — it’s looking really strong.  I don’t think this country has ever seen anything like we’re seeing right now. 
    Now, the tariffs, as you know, it will start a week earlier than the reciprocal, which is going to be on — a couple of weeks earlier.  Reciprocal tariffs start on April 2nd.  And I wanted to make it April 1st, but I didn’t want to do — I didn’t want to go April Fool’s Day — (laughter) — because that cost me — that costs a lot of money, but — that one day.  So, we’re going April 2nd.
    But very importantly, tomorrow, tariffs — 25 percent on Canada and 25 percent on Mexico, and that’ll start.  So, they’re going to have to have a tariff.  So, what they’ll have to do is build their car plants, frankly, and other things in the United States — in which case, they have no tariffs.  In other words, you build — and this is exactly what Mr. Wei is doing by building here.  Otherwise, they’ll build — if they did them in Taiwan to send them here, they’ll have 25 percent or 30 percent or 50 percent or whatever the number may be someday.  It’ll go only up.  But by doing it here, he has no tariffs, so he’s way ahead of the game. 
    And I would just say this to people in Canada or Mexico, if they’re going to build car plants, the people that are doing them are much better off building here, because we have the market.  We’re the market where they sell the most.  
    And so, I think it’s going to be very exciting.  Very exciting for the automobile companies.  Very exciting for — I can think of any — as an example, North Carolina, they had the great — I used to go there to buy furniture for hotels, and it’s been wiped out.  That business all went to other countries, and now it’s all going to come back into North Carolina — the furniture manufacturing business.
    Please.  
    Q    Mr. President —
    Q    Is the Ukraine minerals deal now dead, or can it be revived?  What — what’s your —
    THE PRESIDENT:  Well, I’ll let you know.  We’re making a speech — you probably heard about it — tomorrow night, so I’ll let you know tomorrow night. 
    But, no, I don’t think so.  I think it’s — look, it’s a great deal for us, because, you know, Biden very, very, foolishly — stupidly, frankly — gave $300 billion and — $350 billion, more accurately — to a country to fight and to try and do things.  And you know what happened?  We get nothing.  We get nothing — just gave it. 
    We could have rebuilt our entire U.S. Navy with $350 billion.  Think of it.  Three hundred and fifty billion, we could have rebuilt our U.S. Navy.
    So, he gave it away as fast as the money could be gone.  And what we’re doing is getting that all back and a lot more than that.  And what we need — it’s very important for this business that we’re talking about here, with chips and semiconductors and everything else — we need rare earths.  And the deal we have is we have the finest rare earths that you can. 
    Q    Sir, on Ukraine.  Sir, on Ukraine.
         Q    Are you going to press back —
    Q    Thank you, Mr. President.  What do you need to see from President Zelenskyy to restart these negotiations?
    THE PRESIDENT:  Well, I just think he should be more appreciative, because this country has stuck with them through thick and thin.  We’ve given them much more than Europe, and Europe should have given more than us, because, as you know, that’s right there.  That’s the border. 
    This country really was like the fence on the border.  It was very important to Europe.  And I’m not knocking Europe, I’m saying they’re just — they were a lot smarter than Joe Biden, because Joe Biden didn’t have a clue.  He just gave money hand over a fist, and they should have been able to equalize with us. 
    In other words, if we gave a dollar, they should have given.  Well, we gave $350 billion.  They probably gave 100, but on top of it all, they get their money back, because they are doing it in the form of a loan, and it’s a secured loan.  
    So, when I saw that, which I’ve known about for a little while, I said, “It’s time for us to be smart.”  At the same time, it’s great for them, because they get us in the country taking the rare earth, which is going to fuel this big engine, and especially the engine that we’ve, in a very short time, created.  And we get something, and we’re in the — we’re there.  We have a presence there. 
    With all of that being said, I want one thing to happen: I want all of those young people to stop being killed.  They’re being killed by the thousands every single week.  Last week, 2,700 were killed.  Twenty-seven hundred young — in this case, just about, all young boys from Ukraine and from Russia.  And that’s not young people from the United States, but it’s on a human basis. 
    I want to see it stop.  The money is one thing, but the death.  And they’re losing thousands of soldiers a week, and that’s not including the people that get killed every time a town goes down or a missile goes into a town.
    (Cross-talk.)
    We — and — and I want to see it stop. 
    Yes.  
    Q    Mr. President, are you considering canceling military aid to Ukraine?  And can we get a reaction to what the Kremlin just said, that your administration is bringing U.S. worldview in alignment with Moscow’s?  
    THE PRESIDENT:  So, this is a deal that should have never happened.  This is a deal that would have never happened, and it didn’t happen — for four years, it didn’t happen.  It was never even close to happening.  If I were president, would not have happened.  And October 7th would have — would not have happened in Israel.  And inflation wouldn’t have happened. 
    And Afghanistan, disastrous — the way they withdrew — not the fact that they withdrew but the way they withdrew — would have never happened.  And we would have had Bagram right now instead of China having it.  It was one hour away from where China makes their nuclear weapons.  We would have kept Bagram — one of the biggest air bases in the world. 
    All of these things happened, and it’s a shame.  But it is what it is, and now we’re here.  I want to see it end fast.  I don’t want to see this go on for years and years.
    Now, President Zelenskyy supposedly made a statement today in AP — I’m not a big fan of AP, so maybe it was an incorrect statement — but he said he thinks the war is going to go on for a long time, and he better not be right about that.  That’s all I’ll say.
    Q    Mr. President, is there any —
         Q    Could this project — could this minimize the impact of the U.S. with chips should China decide to isolate Taiwan or China decide to take Taiwan? 
    THE PRESIDENT:  Well, it’s a very interesting point.  It’s a great question, actually.  But this would certainly — I can’t say “minimize.”  That would be a catastrophic event, obviously.  But it will at least give us a position where we have — in this very, very important business, we would have a very big part of it in the United States.  So, it would have a big impact if something should happen with Taiwan.
    Q    And with Russia sanctions, are you looking at relieving Russian sanctions if there is a peace deal?
    THE PRESIDENT:  Well, we’re going to make deals with everybody to get this war, including Europe and European nations.  And they’ve acted very well.  You know, they’re good people.  I know; most of them are friends of mine — the heads of state, the heads of the various countries, prime ministers from the different — I got four prime ministers and five presidents called me over the last two days, and they want to work it out.  They want to get it worked out.  
    And I think they’re also — you know, they’re talking money, but the money is less important than the deaths.  We’re talking thousands of young people a week.  And people would say why do I care about Ukraine, young people; why do I care about — and not all young, but they’re pretty young.  You know, Ukraine is running a little bit low, and they’re getting older.  They’re recruiting older people.  It’s a very, very sad thing that’s happening over there, and we want to get it finished.  We want to stop the death. 
    (Cross-talk.)
    Q    Mr. President, on the tariffs.  Is there any room left for Canada and Mexico to make a deal before midnight?  And should we expect those Chinese tariffs, the extra 10 percent to take effect tomorrow?
    THE PRESIDENT:  No room left for Mexico or for Canada.  No, the tariffs, you know, they’re all set.  They go into effect tomorrow.
    Q    Mr. President, just a follow-up on my colleague’s question.  Hearing —
    THE PRESIDENT:  And just so you understand, vast amounts of fentanyl have poured into our country from Mexico and, as you know, also from China, where it goes to Mexico and goes to Canada.  And China also had an additional 10, so it’s 10 plus 10.  
    And it comes in from Canada, and it comes in from Mexico, and that’s a very important thing to say.
    Yeah, please.  Go ahead.
    Q    Have you decided if you’re going to suspend military aid to Ukraine?  Have you made that decision?
    THE PRESIDENT:  Well, I haven’t even talked about that right now.  I mean, right now, we’ll see what happens.  A lot of things are happening right now, as we speak — I mean, literally as we speak.  I could give you an answer and go back to my office — the beautiful Oval Office.  I could go back into the Oval Office and find out that the answer is obsolete.
         It’s like his business.  It’s obsolete.  You come up with a new chip, and it’s obsolete about two minutes later, right?  But that’s what’s good about his business.  That’s why he’s the only one that’s successful in it.  But — 
         Q    And on tariffs, sir.
         Q    Mr. President, just to follow up my colleague’s question from Russia is saying that your foreign policy is largely in line with their vision.  Should that be concerning to Americans? 
    THE PRESIDENT:  Said what?
    Q    Should that be concerning to Americans?
    THE PRESIDENT:  Read the statement.
    Q    That Russia — Russia says that your administration’s foreign policy is, quote, “largely in line” with their vision.
    THE PRESIDENT:  Well, I tell you what, I think it takes two to tango, and you’re going to have to make a deal with Russia, and you’re going to have to make a deal with Ukraine.  You’re going to have to have the ascent, and you’re going to have to have the consent from the European nations, because I think that’s important, and from us. 
    I think everybody has to get into a room, so to speak, and we have to make a deal.  And the deal could be made very fast.  It should not be that hard a deal to make.  It could be made very fast. 
    Now, maybe somebody doesn’t want to make a deal, and if somebody doesn’t want to make a deal, I think that person won’t be around very long.  That person will not be listened to very long.  Because I believe that Russia wants to make a deal.  I believe, certainly, the people of Ukraine want to make a deal.  They’ve suffered more than anybody else.  We talk about suffering — they’ve suffered.
    But if you think about it, under President Bush, they got Georgia, right?  Russia got Georgia.  Under President Obama, they got a nice, big submarine base, a nice big chunk of land where they have their submarines.  You know that, right?  Crimea.  Under President Trump, they got nothing.  And under President O-Biden, they tried to get the whole thing.  They tried to get the whole big Ukraine, the whole thing.  If I didn’t get in here, they would’ve gotten the whole thing.  
    So, I can only say — you can go back to Bush, you go back to Obama, and go back to Biden — they took a lot.  The only one they didn’t get — you know what I gave them?  I gave them anti-tank missiles.  That’s what I gave them.  I gave them sanctions on Russia — on Russia.  I gave them Javelins.  You know the Javelins?  You know when they took out all those tanks?
    You know, the tanks were heading to Kyiv by the hundreds, and they were unstoppable, and I gave them Javelins. 
    So, you know, I really — Putin is the one that will tell you this has not been so good for them.  The fact is that I just want fairness.  I want fairness. 
    But think of it.  I gave Russia nothing except grief.  I gave them nothing.  I gave them sanctions and Javelins.  That’s what I gave them. 
    Obama gave them sheets.  And you heard that statement before.  It’s a very famous — Trump gave them Javelins, and Obama gave them sheets.  And then they say how close I am to Russia. 
    Let me tell you, we have to make a deal, because there are a lot of people being killed that shouldn’t be killed.  But remember, Trump gave them nothing, and the other presidents gave them a lot.  They gave them everything.
    Q    Mr. President, on trade.  You met with president — Argentine President Javier Milei at CPAC.  He wants to sign a free trade agreement —
    THE PRESIDENT:  Right. 
    Q    — with the United States.  Is that something that you would consider, even with Argentina, or any other country?
    THE PRESIDENT:  I’ll consider anything.  And Argentina — I think he’s great, by the way.  I think he’s a great leader.  He’s doing a great job.  He’s doing a fantastic job.  Brought it back from oblivion. 
    Yeah, we’ll look at things.  We’re looking at the UK with things.  It doesn’t have to be tariffs.  But tariffs are easy, they’re fast, they’re efficient, and they bring fairness. 
    For instance, when people kill their dollar, their equivalent of the dollar, whatever — whether it’s the yuan or the yen in Japan or the yuan in China — when they drop them down, that gives us — that puts us at a very unfair disadvantage.  So, all I have to do is say, “Howard, we’re going to have to raise the tariffs a little bit.”
    Because I’ve called President Xi, I’ve called the leaders of Japan to say, “You can’t continue to reduce and break down your currency.  You can’t do it, because it’s unfair to us.”  It’s very hard for us to make tractors — Caterpillar — here, when Japan, China, and other places are killing their currency, meaning driving it down. 
    So, all of these things add up, and the way you solve it very easily is with tariffs.  Because when they do that, instead of having to make phone calls every day, like I used to do with certain leaders — President Xi, a little bit — a lot of phone calls talking about the fact that they’re lowering their yuan.  They’re lowering it down.  And that makes it very, very hard for us. 
    So, this way, I just say, “Look, let them do that, and we make up for it with the tariffs.”  But —
    Q    Will you be speaking with Mexican President Claudia Sheinbaum about tariffs today? 
    THE PRESIDENT:  Yeah, sure, I will.  I have a lot of respect for her.  I have a lot of respect for her. 
    (Cross-talk.) 
    Q    After the 10 percent tariff take ef- —
    THE PRESIDENT:  Yeah. 
    Q    — takes effect, it’ll be 20 percent on China now.  How high are you willing to go against China?
    THE PRESIDENT:  Well, I can’t say.  It depends on what they do with their currency.  It depends on what they do in terms of a retaliation with some kind of an economic retaliation, which I don’t think they’re going to retaliate too much.  
    Hey, look, the United States has been taken advantage of for 40 years.  The United States has been a laughing stock for years and years.  That’s why this gentleman has built in Taiwan, instead of building here.  It would have been better if he built here.  
    If we had a president that knew what they were doing — and we had a lot of them very bad on trade.  Look, I’m a huge fan of Ronald Reagan, but he was bad on trade.  Very bad on trade.  He allowed a lot of people, a lot of businesses, to be taken.  So, I say that with due respect, because I — he was so great on other things, but he was bad on trade. 
    We are setting records right now — records like nobody has ever seen before.  When you have companies like this coming in and almost 40 percent of their company, in one signature, is going to be devoted to what he does, which is one of the most important — important businesses in the world, that’s an unbelievable thing.  When Apple now is going to start building all of their plants here, all because of what we’ve done in terms of — it’s not because he likes me or they like me.  They don’t probably like me at all.  I don’t know.  I think he likes me a little bit, at least.  (Laughter.)
    MR. WEI:  No, I like you.
    THE PRESIDENT:  But you know what?  It’s the incentive we’ve created or the negative incentive.  I mean, it’s going to be very costly for people to take advantage of this country.  They can’t come in and steal our money and steal our jobs and take our factories and take our businesses and expect not to be punished, and they’re being punished by tariffs. 
    It’s a very powerful weapon that politicians haven’t used because they were either dishonest, stupid, or paid off in some other form.  And now we’re using them.
    Q    Have you spoken with President Xi?
    Q    Agriculture — 
    THE PRESIDENT:  Say it. 
    Q    Have you spoken with President Xi about this this term?
    THE PRESIDENT:  I don’t want to tell you that. 
    Q    On those incentives, sir.
    THE PRESIDENT:  Thank you very much, everybody. 
    (Cross-talk.) 
    Thank you.  Thank you very much.
                                 END                3:07 P.M. EST

    MIL OSI USA News –

    March 4, 2025

  • MIL-OSI USA: Tuberville Honors Wayne Everett of Fultondale as March “Veteran of the Month”

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) released a video honoring U.S. Marine Corps Corporal Wayne Everett as the March “Veteran of the Month.”

    Excerpts from Sen. Tuberville’s remarks can be found below, and his complete remarks can be found here.

    “Challenges are a part of life that show us what we’re really made of. Corporal Wayne Everett of Fultondale reminds us that while we can’t control what challenges life throws our way, we can control how we respond. 

    He enlisted in the Marine Corps in 1965, leaving his small town of East Lake for the jungles of Vietnam. After discharging from the military, Wayne took his young family back home to the Birmingham area to work with his father as a painter for the next decade. His years in active duty taught him lessons he carried with him in raising his family and in his career. 

    Wayne took on the role of caregiver when his wife was diagnosed with cancer, and they were raising young children. Even in the face of tragedy, Wayne’s loyalty never wavered. And despite his wife’s passing, Wayne continued to devote himself to his church and his family. Some years after, he remarried to an old friend where they joined their lives as a blended family.

    He is admired by all who know him, including his stepdaughter Reata, who nominated him for this recognition.

    While Wayne is a man of few words, his character and actions speak volumes.”

    Senator Tuberville recognizes a different Alabama veteran each month for their service and contribution to their community. Constituents can nominate an Alabama veteran and submit their information to Senator Tuberville’s office for consideration by emailing press_office@tuberville.senate.gov. 

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News –

    March 4, 2025

  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the Cambodia-ASEAN Business Summit 2025 hosted by Cambodia Chamber of Commerce

    Source: ASEAN

    At the invitation of Neak Oknha Kith Meng, President of Cambodia Chamber of Commerce and the Chair of ASEAN Business Advisory Council Cambodia, Secretary-General of ASEAN, Dr. Kao Kim Hourn, will lead the ASEAN Secretariat team to participate in the Cambodia-ASEAN Business Summit 2025, in Phnom Penh, Cambodia, on 6 March 2025. Held under the theme “Accelerating ASEAN’s Connectivity: People, Infrastructure and Trade,” the Business Summit is expected to provide an invaluable platform for fostering economic cooperation, increasing connectivity and promoting sustainable development within ASEAN. Throughout his stay in Phnom Penh on 6-7 March 2025, and in addition to his participation in the Cambodia-ASEAN Business Summit 2025,SG Dr. Kao will also engage in a series of other significant activities, including holding a bilateral meeting with the President of Cambodia Chamber of Commerce and the Chair of ASEAN Business Advisory Council  Cambodia, visiting the Resource Centre of the Extraordinary Chambers in the Courts of Cambodia (ECCC), as well as conducting a Roundtable Discussion with the Club of Cambodian Journalists,  with the theme “ASEAN Community Vision 2045: View of the Secretary-General of ASEAN.” 

    This visit underscores the ASEAN Secretariat’s continued support and commitment to strengthening stronger collaboration among ASEAN Member States in reinforcing its dedication to advancing regional cooperation, development and prosperity.
    The post Secretary-General of ASEAN to participate in the Cambodia-ASEAN Business Summit 2025 hosted by Cambodia Chamber of Commerce appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    March 4, 2025

  • MIL-OSI China: China refutes Rubio’s false charges

    Source: China State Council Information Office

    China strongly deplores and firmly opposes the recent remarks made by U.S. Secretary of State Marco Rubio, which were steeped in the Cold-War mentality and full of lies and false accusations, and has lodged serious protests with the U.S. side, a Chinese foreign ministry spokesperson said on Monday.

    Spokesperson Lin Jian made the remarks at a daily press briefing in response to a query about the remarks made by Rubio, who blamed China on issues of Taiwan, economy and trade, COVID-19 and Indo-Pacific affairs during a recent interview with a U.S. media outlet.

    There is but one China in the world, Taiwan is an inalienable part of China, and the government of the People’s Republic of China is the sole legal government representing the whole of China — this is the real status quo in the Taiwan Strait, Lin said.

    Noting that the Taiwan question is the most crucial, sensitive and explosive question in China-U.S. relations, Lin said that if the United States does not hope to trigger confrontation, it must stop crossing or trampling on the red line of the Taiwan question.

    Lin said that trade and tariff wars have no winner. The U.S.’s attempts to politicize and weaponize trade and economic issues, levy tariff hikes on Chinese imports under the pretext of fentanyl, and create blocks to its normal trade, investment and economic cooperation with China will only harm its own economic interests and international credibility.

    Lin added that China stands ready to work with the United States to address each other’s concerns through dialogue and consultation on the basis of equality and mutual respect, and will take all measures necessary to safeguard its legitimate rights and interests.

    Lin noted that origins-tracing of COVID-19 is a serious science issue, and that it is “extremely unlikely” that the pandemic was caused by a lab leak, which was the authoritative conclusion reached by the experts of the WHO-China joint mission following their field trips to the lab in Wuhan and in-depth communication with researchers. The United States needs to immediately stop slinging mud on and scapegoating China.

    Lin said that the Asia-Pacific is a pace-setter in cooperation and development, not a chess board for geopolitical rivalry. The United States should not project its own hegemonic mentality onto China.

    “Attempts to stoke bloc confrontation in the Asia-Pacific run counter to the trend of the times and go against the common aspiration of regional countries,” Lin said, adding that these moves will win no support and be doomed to failure.

    Lin said that a lie told a thousand times cannot be a fact, that the world will not be fooled by such baseless vilification against China, and that megaphone diplomacy does no good for China-U.S. relations.

    China will be committed to viewing and developing relations with the United States on the basis of the principles of mutual respect, peaceful coexistence and win-win cooperation, and will also firmly defend its national sovereignty, security and development interests, Lin said. 

    MIL OSI China News –

    March 4, 2025

  • MIL-OSI China: Russia bans entry of nine Japanese citizens, including FM

    Source: China State Council Information Office

    Russia has banned Japanese Minister for Foreign Affairs Takeshi Iwaya and eight other Japanese citizens from entering the country in a retaliatory move, the Russian foreign ministry said Monday.

    The decision was made in response to Tokyo’s “ongoing so-called sanction measures” against Russia, the ministry said in a statement.

    The list also included Japanese Ambassador to Ukraine Masashi Nakagome and former Japanese Ambassador to Ukraine Kuninori Matsuda, among others.

    MIL OSI China News –

    March 4, 2025

  • MIL-OSI Global: How to sustain international order in an ‘America First’ world

    Source: The Conversation – Canada – By Daniel Manulak, Postdoctoral Fellow, History, University of Toronto

    The United States is abandoning its traditional role as the anchor of the liberal world order — a set of norms, rules, customs and international institutions designed to maintain global stability and foster peaceful interchange between states.

    From announcing its intention to withdraw from the World Health Organization (WHO) and the United Nations Human Rights Council to threatening allies — including Canada — with annexation and damaging tariffs, U.S. President Donald Trump has launched an assault on the liberal world order that upholds the post-1945 international system.

    Under these circumstances, it’s more urgent than ever that Canada clarifies its vision in world affairs and accepts its responsibility to sustain the rules-based global order. By looking into the past, we can see what Canada can do in the present.



    Read more:
    Like dictators before him, Trump threatens international peace and security

    How Canada made a difference

    The U.S. isn’t the only country with a vested interest in maintaining the liberal international order — even if it has been the only nation with the will and capacity to serve as its safeguard.

    Canada was also present at the creation of the UN in 1945. They, too, played a fundamental part in the development of its specialized agencies — such as the WHO and the International Civil Aviation Organization.

    In fact, Canada has been an engaged member of the international community. The country played a leading role in establishing the UN Emergency Force during the Suez Crisis, fighting apartheid in South Africa and building a coalition to ban anti-personnel land mines in the 1990s, to name a few examples.

    Canada has done so because it’s been in the best interest of the country. A liberal, rules-based international order is a framework in which Canada can make a meaningful difference in global affairs disproportionate to its limited size and capabilities.

    It also makes for a more prosperous, stable and peaceful world. One where norms, rules and institutions constrain aggressive or malevolent world leaders and facilitates co-operation on global problems.

    But what can lessons from the past offer Canada in sustaining global order in an “America First” world. This is a policy espoused by the Trump administration that is focused inwards. It approaches international affairs as a transactional, zero-sum game.

    Learning from the past

    First, Canada is at its most effective when Canadians act in unison towards a common goal.

    During the Ethiopian famine in the 1980s, Canadians of all stripes and levels of government worked in tandem to organize a truly national response to alleviate the humanitarian crisis. Regular citizens contributed more than $30 million — potentially saving over 700,000 people from starvation.

    This domestic political consensus also provided the requisite support for the federal government to co-ordinate an international famine relief effort. This was despite the resistance of Canada’s major allies in the U.S. and the U.K., due to the Marxist orientation of the Ethiopian government.

    Granted, few international causes offer such grounds for unity. Political polarization has only made this type of unity more difficult. And yet, as recent events (such as Trump’s threat to coerce Canada into becoming the 51st state) make clear, Canadians are willing to put aside their differences and rally together when there’s a coherent vision for the country rooted in its values and aspirations.

    Second, Canada needs to work closely with like-minded states through multilateral institutions — such as the United Nations and the Commonwealth. Under Brian Mulroney’s Progressive Conservative government, Canada relied on its membership in nearly every major international association to build and maintain the global coalition against South African apartheid.



    Read more:
    Brian Mulroney’s tough stand against apartheid is one of his most important legacies

    Australia, India, Zambia and Zimbabwe emerged as key partners. Such efforts entailed both political and economic costs. But there was a reason why one of Nelson Mandela’s first visits following his release from prison in 1990 was to Canada.

    By redoubling its engagement in international organizations, Canada can punch above its weight in world affairs and shape global priorities. It also provides a counter to the influence of the United States in Canadian foreign policy.

    Third, the U.S. is more than its president. Canada can still cultivate ties with Americans beyond the White House. Returning to the Mulroney government, Ottawa’s efforts to persuade the Ronald Reagan administration to negotiate restrictions on emissions resulting in acid rain were unsuccessful.

    Nonetheless, by lobbying congressional leaders in impacted states and partnering with environmental non-governmental organizations, Canada and the U.S. eventually agreed to the 1991 Air Quality Agreement.

    Surviving hostile administrations

    Canada should also be realistic about the degree to which it can diversify its economic and diplomatic relationships outside of the U.S.

    In the early 1970s, President Richard Nixon imposed a 10 per cent surcharge on Canadian imports. Then, just as it is now, Ottawa looked for alternative markets to offset Canada’s dependency on the Americans. These initiatives ultimately failed to materialize — but the surcharge was rescinded. Canada-U.S. relations ultimately survived the Nixon administration.

    Similarly, while Trump has offered a stark reminder that Canada needs to take an active role in sustaining the rules-based international order on which it depends, the ties that bind the two countries together are deeper and longer-lasting than any one administration or government.

    Even so, with a world in chaos, Canada needs to step up to defend international norms and institutions. It has done so in the past and can do so again — provided it develops a coherent foreign policy strategy moving forward.

    Daniel Manulak receives funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. How to sustain international order in an ‘America First’ world – https://theconversation.com/how-to-sustain-international-order-in-an-america-first-world-248364

    MIL OSI – Global Reports –

    March 4, 2025

  • MIL-OSI United Kingdom: UK expands campaign to stop migrant smugglers and their lies

    Source: United Kingdom – Executive Government & Departments

    News story

    UK expands campaign to stop migrant smugglers and their lies

    Digital advertising launches today in the Kurdistan Region of Iraq to warn prospective migrants about people smugglers’ lies.

    Digital advertising launched today in the Kurdistan Region of Iraq (KRI) as part of the government’s international campaign to warn prospective migrants about people smugglers’ lies, expanding on the campaigns in Vietnam and Albania.  

    Quotes from real migrants who have attempted the journey are featured, to counter the myths and misinformation peddled by criminals to dupe people online, as the UK government secures its borders as part of the Plan for Change.  

    The campaign forms part of this government’s work to expand the UK’s international partnerships and boost cooperation, to dismantle the people smuggling gangs operating across borders and protect vulnerable people, delivered through the Border Security Command.  

    It comes as the UK is set to sign a joint communiqué today (4 March 2025) with the Vietnamese government at the third annual UK-Vietnam Migration Dialogue, hosted in Hanoi, agreeing to build on our joint work to prevent the exploitation of irregular migrants, disrupt criminal gang operations, strengthen intelligence sharing and return those with no right to be in the UK.  

    The communiqué includes commitments to enable swifter and more effective returns, and for the UK government to continue its communications campaign in Vietnam to tackle migrant smugglers’ lies.

    Minister for Border Security and Asylum, Dame Angela Eagle, said:

    Ruthless criminal gangs spread dangerous lies on social media to exploit people for money, and we are exposing them using the real stories of their victims.

    This campaign helps to break the business model of these criminals and protect people from falling victim, securing our borders as part of the government’s Plan for Change.

    No one should be in any doubt that putting your life in the hands of a smuggler is not worth the risk. Too many people have died in the English Channel at the hands of these criminals, and we will stop at nothing to bring them to justice.

    The UK’s Border Security Commander, Martin Hewitt, also visited Iraq and the KRI last week, to progress the world-first agreements reached between the Federal Government of Iraq and the UK Government in November and further progress our cooperation on strengthening mutual border security.  

    He met with senior officials in the Federal Government of Iraq and within the Kurdistan Regional Government and its agencies to discuss ongoing cooperation, including increased joint working to tackle organised immigration crime and strengthen our mutual border security co-operation.  

    Through the Border Security Command, the UK government is working on a whole system approach, preventing irregular migration through communications, increasing international collaboration to tackle this issue across borders, and arming law enforcement with the powers it needs.  

    Bold new counterterror-style powers in the Border Security, Asylum and Immigration Bill, which is back in Parliament today for committee stage, will help bolster law enforcement to intercept and smash the people smuggling gangs earlier and faster.  

    This includes stronger powers to seize and search mobile phones to investigate organised immigration crime and new offences against gangs conspiring to plan crossings, selling or handling small boat parts for use in the Channel, or supplying forged identity documents for migrants attempting to come here illegally.

    Border Security Commander Martin Hewitt, said:

    International partnerships are an essential part of our work to stop criminal gangs operating across borders to exploit vulnerable people.

    By strengthening these relationships and working closely with law enforcement partners across the world, we will bring down these gangs, break their business models, and put a stop to the misery and harm they inflict.

    Communications are an important part of this work, and our international campaign is sending a clear message to prospective migrants that these criminals cannot be trusted.

    The Home Office has today published a short film explaining the Border Security Command’s mission, its work to date, and its future plans.   

    The video features the Border Security Commander, Martin Hewitt, and key staff setting out the challenge the UK faces from criminal gangs determined to abuse our borders and exploit people for profit, and how the Border Security Command will defeat them and bring them to justice.  

    The UK’s international communications campaign will also ramp up this year to inform prospective migrants at every stage of the journey about the risks and realities of entering the UK illegally, including informing diaspora communities in the UK about the dangers their friends and families overseas face from people smugglers.

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    Updates to this page

    Published 4 March 2025

    MIL OSI United Kingdom –

    March 4, 2025

  • MIL-OSI Australia: Investing in Asian-Australian representation

    Source: Australian Government – Minister of Foreign Affairs

    Today I am pleased to announce a pilot program that will harness the knowledge and experience of Asian Australians to deepen our understanding of our region and make Australia stronger and more influential in the world.

    Australia’s diversity is one of our strengths – it gives us broader perspectives, deeper connections and a better ability to engage with our region on issues that matter to all Australians.

    The Asian Australian Voices pilot program will equip professionals with the training and skills to contribute to public life.

    The program will help to ensure Australians with deep expertise and personal experience of our region are part of the national conversation on the economic, security and diplomatic challenges and opportunities shaping our future.

    It will also ensure we are using our strengths to Australia’s advantage, building Australia’s Asia literacy and creating a pipeline of senior Asian-Australian representation in civic life.

    In partnership with Asia Society Australia, this initiative is a collaboration between DFAT’s National Foundation for Australia-China Relations, Centre for Australia-India Relations, and ASEAN-Australia Centre.

    It reflects the Albanese Government’s commitment to ensuring all Australians can contribute to our engagement with the world.

    Details about the pilot program can be found here: Asian Australian Voices.

    MIL OSI News –

    March 4, 2025

  • MIL-OSI Economics: China Unicom Launches AI Unites All Plan to Bridge Digital Divide Via Industry Intelligence Supported by Huawei

    Source: Huawei

    Headline: China Unicom Launches AI Unites All Plan to Bridge Digital Divide Via Industry Intelligence Supported by Huawei

    [Barcelona, Spain, March 3, 2025] During MWC 2025 in Barcelona, China Unicom held a development workshop with the theme of 5G-A Empowering, AI Transforming, Digital Living. Jian Qin, General Manager (GM) of China Unicom and Yang Chaobin, Huawei Board Member and CEO of the ICT Business Group attended the press conference and delivered speeches. Several representatives from the industry, including GSMA, shared their ideas. The AI Unites All plan and its surrounding achievements were officially released at the conference, angled heavily on the integration of networks, services, and AI.
    Jian Qin delivering a speech

    According to Jian Qin in his speech, “China Unicom remains committed to technological innovation as our guiding principle, actively embracing the Al revolution, and contributing ‘Unicom Intelligence’ and ‘Unicom Solutions’ to global smart transformation. With forward-looking planning and sustained investment in Al, we prioritize integrated innovation across five pillars: computing infrastructure, network connectivity, data resources, model development, and application scenarios. Our goal is to lead and drive the convergence of Al technologies and industrial applications.”
    Yang Chaobin making a speech

    Yang Chaobin mentioned in his speech that Huawei looks forward to working with China Unicom to support their AI Unites All strategy. “We will do this by facilitating a wide range of intelligent user applications with the latest AI technologies. This will allow China Unicom to create new AI service portals with a global impact and make intelligence more inclusive for all,” he said.
    As a strategic partner of China Unicom, Huawei and China Unicom maintain close cooperation and work together on converged AI innovation to seize new business opportunities in the AI era. Both parties have built a cloud-based AI service platform for individual and home users, combining cloud, computing, networks, and devices for a unified AI service portal. For example, during the Asian Winter Games, China Unicom launched personalized and cloud-based AI phones with the AI assistant named Tone. The product uses mainstream foundation models and 5G-A networks to provide users with a consistent experience in all scenarios and secure and reliable AI services. Huawei and China Unicom have also been using AI to empower sectors like government, healthcare, and manufacturing, as well as cultural and creative industries, making network experience more secure, reliable, flexible, scalable, efficient, and collaborative. China Unicom has also been actively engaged in advancing synergy between AI and networks. For smart home services, China Unicom has been a leading player in whole-house fiber broadband. The carrier launched the industry’s first HI-CON (Home Intelligent Collaborative Optical Network) communications system that features optical and Wi-Fi collaboration. This system is powered by an intelligent scheduling algorithm that greatly improves overall network experience for home users.
    Group photo taken at the AI Unites All launch ceremony

    At the conference, China Unicom launched its AI Unites All plan. Under the guidance of its Strategy for Convergence and Innovation, China Unicom will comprehensively advance the synergy of networks and AI to bring intelligent connection to all. It also looks to make AI accessible for use in a much wider range of technologies. By facilitating the integration of services and AI, China Unicom aims to enable various industries to go intelligent and benefit thousands of households.
    MWC Barcelona 2025 is held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.
    In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world. For more information, please visit: http://carrier-back.huawei.com/en/events/mwc2025

    MIL OSI Economics –

    March 4, 2025

  • MIL-OSI New Zealand: Investing in natural disaster research partnerships

    Source: New Zealand Government

    The Government continues to invest in research which will deliver tangible benefits to New Zealanders, Science, Innovation and Technology Minister Dr Shane Reti announced today. 

    Three New Zealand research teams have been granted funding to partner with Japanese research organisations on projects that aim to make New Zealand more prepared and resilient when natural disasters strike.

    “This Government is focused on putting funding where it will make the biggest difference. Natural disasters pose a significant risk in New Zealand – a good reminder of that is the recent elevation of alert levels at Whakaari White Island,” says Dr Reti. 

    “Collaboration with like-minded nations and sharing research infrastructure enables our researchers to lead and participate in world-class science, innovation and technology that benefits New Zealand. 

    “Building relationships with international partners is critical to developing a vibrant science and innovation sector, which is a core part of our plan to deliver economic growth.

    “New Zealand and Japan share similar risks when it comes to earthquakes, tsunamis and volcanic activity. By working together in these projects, we can better understand risks and potential mitigate options for future events. 

    “Working together with Japan also enables our researchers to access invaluable resources and experience such as their Marine Seismic Vessel Research Vessel Kaimei, proprietary modelling software, and access to structural laboratories. I look forward to seeing the outcomes of this research and the benefits it brings.” 

    The University of Canterbury will work with Tohoku University on a structural retrofitting system to enhance the resilience of buildings in seismic events while reducing the cost of traditional retrofitting with a new modular infill system. 

    GNS Science will work Japan’s National Research Institute for Earth Science and Disaster Resilience (NIED) on tolerable levels of ashfall following volcanic events. 

    GNS Science will also work with the Japan Agency for Marine Earth Science and Technology (JAMSTEC) for a seismic study of the Hikurangi subduction zone – New Zealand’s largest threat for tsunamis. 

    The research teams will each receive $300,000 from the Government’s Catalyst Fund. Japanese research teams will receive equivalent funding from our Japanese partner – the Japan Science and Technology Agency.

    MIL OSI New Zealand News –

    March 4, 2025

  • MIL-OSI Australia: Minister Rishworth interview on the Today Show with Charles Croucher

    Source: Ministers for Social Services

    4 March 2025

     E&OE TRANSCRIPT

    Topics: Laos methanol poisoning investigation; Rugby League in Las Vegas; Academy Awards.

    CHARLES CROUCHER, HOST:  Welcome back. The parents of Holly Bowles and Bianca Jones, who died of methanol poisoning in Laos, are urging travellers to boycott the country until it adequately investigates their daughter’s deaths. Joining us to discuss is Minister for Social Services Amanda Rishworth and Nationals Senator Bridget McKenzie. Good morning to you both. Amanda, I’m going to start with you. There are concerns that are boycott might discourage authorities there from doing the right thing by these families. How do we approach this?

    AMANDA RISHWORTH, MINISTER FOR SOCIAL SERVICES: Firstly, I would say the Australian Government continues to stand with Holly and Bianca’s family and continues to of course press the Laos Government to fully and transparently investigate these circumstances. Of course, there are warnings on Smartraveller which is an important government resource to look at the risks. But we as a Government will continue to press for a full investigation because it is really important that any issues that emerge from that are addressed to make sure travellers are safe.

    CHARLES CROUCHER: I guess the issue is, is there something more the Government can be doing if the parents are now encouraging travellers to do the lobbying for them?

    AMANDA RISHWORTH: We have continued on an ongoing basis to have conversations and to continue to press the Laos Government and we will continue to do that. We’ve been providing consular support to Bianca’s and Holly’s families. We will continue to do everything we can as a Government to push this. But it’s important people are properly informed when they do travel overseas about what the risks are.

    CHARLES CROUCHER: Bridget, can we be doing more?

    BRIDGET MCKENZIE, NATIONALS SENATOR: Well, I think the Government’s outlined that it’s pursuing every diplomatic measure it can. It’s an absolute tragedy what happened to Holly and Bianca. We don’t want any other young Australians who go overseas for a great holiday to suffer the same fate. So, we need to be pushing for a full investigation so that the issues can be made clear. And you know, we back the Government all the way in their efforts to do that.

    CHARLES CROUCHER: And we stay with the parents because it’s such a tough situation they’ve been in, and we’ve been sort of amazed at how brave they’ve been in speaking out as well. Well, we’re going to move on because the NRL’s Vegas gamble well and truly paid off. It reached, we’re told, an audience that was unprecedented and generated more than $100 million. Now the attention turns to the AFL which weather permitting, will kick off on Thursday. Bridget, you’re a Senator from Victoria. It’s the AFL home state. Are they getting beaten when it comes to launching the season by the people from up north.

    BRIDGET MCKENZIE: Look, we know that NRL is a spectator sport that had the most successful seat opening since 2010. And I think what really resonated with the US was no helmets, no pads, all action, no timeout. And I mean, when you compare that to the NFL, the US rocked up in droves to actually see the NRL live. Obviously, Charles, I am from Victoria. We’ve got the G and we pack it out week in, week out to watch our great game. So, you know, I think it’s the difference between the two sports. One is, you know, best live and the other is building that, you know, a sustainable funding base going forward. Because we know if the NRL gets 1 per cent of the US market, it’ll be sustaining funding for them going forward, which is also good news in decades to come.

    CHARLES CROUCHER: A great TV product, of course, and it’s on Nine as well, which shows. Amanda, Gather Round [AFL] is in South Australia. Never ruined that with an election on the same weekend, obviously. But should the AFL be doing more to make this round the number one?

    AMANDA RISHWORTH: Well, you know, the Gather Round is an absolutely amazing round, I have to say. It brings a buzz not just to South Australia but to footy fans, to be all in the same place. I think the AFL has been looking at how they engage their audiences and I would say that Gather Round is a great example of that and will continue to do so. But congratulations to the NRL. And hopefully we’ll start seeing people in America wearing those NRL colours. But of course, I would like to see everyone in America wearing some AFL colours as well. And I think we can all work towards that.

    CHARLES CROUCHER: All right, finally, from Conan O’Brien’s opening monologue to Anora’s sweeping success, the Oscars delivered a host of memorable moments. We’re sort of short on time, so I might even just go with a hands up approach here. But did anyone tune in and has anyone seen any of the movies that are nominated this year? 

    BRIDGET MCKENZIE: Too busy fighting Labor. 

    AMANDA RISHWORTH: I’ve seen Wicked.

    BRIDGET MCKENZIE: Charles, I’m halfway through Conclave on a flight.

    CHARLES CROUCHER: That’s probably the way you’re going to do it. And Amanda’s seen Wicked. So that’s a good sign of the way things are going for Conclave and Wicked – two brutal fights of political natures. And that shapes well for whatever’s to come in the next couple of weeks. Really lovely speaking to both you this morning.

    MIL OSI News –

    March 4, 2025

  • MIL-OSI United Nations: ‘Dangerous nuclear rhetoric and threats’ trigger stark wake-up call: UN chief

    Source: United Nations 4

    3 March 2025 Peace and Security

    Dramatically evolving geopolitical tensions amid “dangerous nuclear rhetoric and threats” are a stark wake-up call for States to take action to support the legally binding atomic weapon ban treaty, UN Secretary-General António Guterres said on Monday.

    “Critical disarmament instruments are being eroded,” said Izumi Nakamitsu, High Representative for Disarmament Affairs, who spoke on behalf of the UN chief at the opening of the third meeting of States parties to the Treaty on the Prohibition of Nuclear Weapons, which takes place at UN Headquarters in New York from 3 to 7 March.

    She remained concerned that the current unpredictable situations may exacerbate the public’s fear and would increase belief in the “false narrative” that nuclear weapons are “the ultimate provider of security”.

    Cause for hope

    However, there are reasons for hope in the face of this challenging outlook, the UN disarmament chief said.

    For one, there is growing global recognition of the devastating impact of those weapons, she said, pointing to the landmark Pact of the Future’s focus on a nuclear-weapon-free world and the 2024 Nobel Peace Prize awarded to Japanese non-governmental organization Nihon Hidankyo, which aims to achieve total elimination.

    More hope comes from the nuclear weapon ban treaty’s growing membership, a continuation of broad engagement with civil society and its newly established scientific network whose experts are providing evidence-based information, Ms. Nakamitsu said.

    To date, 73 States have ratified or acceded to the treaty and 94 have signed it.

    UN Photo/Paulo Filgueiras

    Disarmament Week in 2011 honoured testimony and activism of Japanese atomic bomb survivors. (file)

    Step towards nuclear-weapon-free world

    This week, governments, international organizations and civil society are gathering at the third Meeting of States, with an agenda centred on preparing for the treaty’s first review conference and the next phase of the convention’s existence.

    Panel discussions and debates will focus on thematic issues, including risks for humanity of nuclear conflict and its devastating humanitarian consequences, security concerns, victim assistance and environmental remediation.

    Delegates are also expected to adopt a political declaration before the meeting concludes on Friday.

    UN Photo/Kim Haughton

    Signing ceremony for the Treaty on the Prohibition of Nuclear Weapons at UN Headquarters in New York on 20 September 2017. (file)

    What’s in the treaty?

    The legally binding Treaty on the Prohibition of Nuclear Weapons is the first multilateral nuclear disarmament convention to be negotiated in more than two decades when it was adopted on 7 July 2017 and entered into force on 22 January 2021.

    At the time, the UN chief called it “an important step towards the goal of a world free of nuclear weapons and a strong demonstration of support for multilateral approaches to nuclear disarmament”.

    The treaty contains a comprehensive set of prohibitions on participating in any nuclear weapon-related activities. This includes undertakings not to develop, test, produce, acquire, possess, stockpile, use or threaten to use nuclear weapons.

    It also prohibits the deployment of nuclear weapons on national territory as well as the provision of assistance to any State in the conduct of prohibited activities and requires States parties to assist individuals under their jurisdiction affected by the use or testing of nuclear weapons as well as to take environmental remediation measures in areas under their jurisdiction or control that have been contaminated due to the testing or use of nuclear weapons.

    Read the full Treaty on the Prohibition of Nuclear Weapons here.

    MIL OSI United Nations News –

    March 4, 2025

  • MIL-OSI: reAlpha’s AiChat Unveils Next-Gen AI Agents

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, March 03, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announces that its subsidiary, AiChat Pte. Ltd. (“AiChat”), is launching its AI-powered digital agents (the “AI Agents”), further enhancing its intelligent customer engagement capabilities.

    Next-Generation AI Capabilities: Elevating Customer Experiences

    AiChat’s AI Agents include Voice AI and Agentic AI, both of which are designed to facilitate and further personalize the way businesses connect with their customers. For example, the AI Agents can personalize responses based on the context of previous conversations, remembering customer preferences and past interactions to deliver more relevant recommendations. reAlpha expects that these AI-powered technologies will empower brands to create more personalized, seamless, and human-like interactions across their digital platforms.

    • Voice AI: Human-Like Conversations Capabilities

    AiChat’s Voice AI enables businesses to interact with customers in natural, human-like manner and handle their complex queries in real-time. With capabilities like multi-language support, voice-cloning, real-time analytics, and integrations with automatic speech recognition, text-to-speech, and large language model technologies, AiChat believes it will deliver prompt and scalable voice interactions through Voice AI.

    • Agentic AI: The Next Step in Generative AI

    AiChat’s Agentic AI will interact with customers with autonomy, adaptability, and personalization. Unlike scripted AI, Agentic AI will be able to understand context and adapt in real time to deliver prompt, natural responses. With self-learning and multi-turn contextual awareness, businesses can scale human-like interactions while maintaining brand consistency, which we believe may also improve customer loyalty and a customer’s overall customer service satisfaction.

    Giri Devanur, Chief Executive Officer of reAlpha, said, “We are thrilled to announce this exciting new chapter for AiChat under reAlpha’s vision. With AiChat’s enhanced capabilities, including the introduction of Agentic AI and Voice AI, we are empowering businesses to unlock the true potential of customer engagement through human-centric, innovative technologies.”

    Market Growth: AI Agents on the Rise

    The global autonomous AI and autonomous agents market is witnessing rapid expansion, with the total market size expected to reach $783.27 billion by 20371. As businesses increasingly embrace digital transformation, AiChat believes it is positioning itself as a leader in next-generation AI solutions by delivering intelligent, personalized, and streamlined customer experiences for businesses worldwide.

    One example is MYDIN, one of Malaysia’s largest retail chains, which has utilized AiChat’s AI-powered solutions to enhance its customer service. Malik Murad Ali, Director of Information Technology, Digital, Human Resources, and Leap Production System at MYDIN, shared, “Since integrating AiChat’s AI solutions, we’ve seen a significant improvement in our customer service capabilities, and, as of January 2025, we have automated 74.7% of customer inquiries. The AI-powered chatbot platform has enabled us to engage with customers more authentically and efficiently, and since January 2024, we improved overall customer service satisfaction by over 7%. We look forward to continuing this journey with AiChat and exploring the next phase of its AI-driven innovations.”

    A Fresh Identity for a Bold Future

    Alongside its AI Agents, AiChat is also unveiling a refreshed brand identity that reflects its mission to shape the future of AI-powered customer engagement solutions. At the heart of this rebrand is AiChat’s new logo shown below, which blends a brain-inspired design, representing AI’s creative capabilities, with a communication symbol, representing meaningful, human-like AI interactions. This fusion embodies AiChat’s vision of creating AI that goes beyond just assisting customers and businesses, offering instead a more personalized and tailored customer engagement solution to business and allowing them to foster meaningful relationships with customers.

    Kester Poh, Chief Executive Officer of AiChat, added, “The rebranding of AiChat marks a significant step in the evolution of conversational AI, embodying our vision to redefine customer engagement. At AiChat, we are pioneering next-generation AI agents that go beyond traditional text-based chatbots to also include voice interactions. This development will enable us to deliver comprehensive, omnichannel customer experiences by integrating personalization and voice capabilities. As we continue to drive AI innovation, we are exploring new ways to make interactions even more natural and human-like, bringing us closer to a future of truly humanized AI-powered customer engagement.”

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha aims to offer an affordable, streamlined experience for homebuyers. For more information, visit www.reAlpha.com.

    About AiChat Pte. Ltd.

    AiChat Pte. Ltd., a subsidiary of reAlpha, is a Singapore-based company that develops AI-powered conversational customer experience solutions. Its platform leverages artificial intelligence to provide businesses with intelligent chatbots and automation tools that improve customer interactions and operational efficiency. For more information about AiChat, visit www.aichat.com.

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about the announcement of AiChat’s AI Agents, Voice AI and Agentic AI; the anticipated benefits of AiChat’s AI Agents; reAlpha’s ability to anticipate the future needs of the short-term rental market; future trends in the real estate, technology and artificial intelligence industries, generally; and reAlpha’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products, including that of its subsidiaries, will be accepted and adopted by its customers and intended users; reAlpha’s ability to integrate AiChat’s AI Agents into its existing business and the anticipated demand for AiChat’s AI Agents; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to obtain the necessary regulatory and legal approvals to expand into additional U.S. states and maintain, or obtain, brokerage licenses in such states; reAlpha’s ability to generate additional sales or revenue from having access to, or obtaining, additional U.S. states brokerage licenses; reAlpha’s ability to enhance its, and its subsidiaries’, loan processing efficiency by leveraging its AI-powered platform and overall resources; AiChat’s ability to improve customer satisfaction and overall operational efficiency of businesses through implementation of its services and products, including, but not limited to, its AI Agents; AiChat’s ability to maintain its brand reputation and recognition with its customers and intended customers after its re-branding; reAlpha’s ability to, through a business’ implementation of AiChat’s technologies, increase loyalty of customers users using AiChat’s technologies; AiChat’s ability to scale its technologies, including its AI Agents, for adopting businesses; reAlpha’s and AiChat’s ability to provide personalized, human-like customer service solutions through its services and offerings; the inability to maintain and strengthen reAlpha’s brand and reputation; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets; the potential loss of key employees of its acquired companies; reAlpha’s inability to accurately forecast demand for short-term rentals and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    Media Contact:
    Fatema Bhabrawala, Director of Public Relations
    fbhabrawala@allianceadvisors.com

    ________________________
    1 https://www.researchnester.com/reports/autonomous-ai-and-autonomous-agents-market/5948

    An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35c2d708-67b7-41b1-9cd1-d965f880da3e

    The MIL Network –

    March 4, 2025

  • MIL-OSI: Guggenheim Investments Announces March 2025 Closed-End Fund Distributions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

    The following dates apply to the distributions:
    Record Date March 14, 2025
    Ex-Dividend Date March 14, 2025
    Payable Date  March 31, 2025
    Distribution Schedule
    NYSE
    Ticker    		 Closed-End Fund Name Distribution 
    Per Share    		 Change from Previous
    Distribution    		 Frequency
    AVK Advent Convertible and Income Fund $0.1172†   Monthly
    GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573†   Monthly
    GOF Guggenheim Strategic Opportunities Fund $0.1821†   Monthly
    GUG Guggenheim Active Allocation Fund $0.11875†   Monthly

    † A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.

    You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.

    Past performance is not indicative of future performance. As of this announcement, the sources of each fund distribution are estimates. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

    About Guggenheim Investments

    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with more than $243 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 235+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”) and Guggenheim Funds Distributors, LLC (“GFD”). GFIA serves as Investment Adviser for GBAB, GOF and GUG. GPIM serves as Investment Sub-Adviser for GBAB, GOF and GUG. GFD serves as servicing agent for AVK. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.

    *Assets under management are as of 12.31.2024 and include leverage of $14.8bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Private Investments, LLC.

    This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.

    Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

    Analyst Inquiries

    William T. Korver
    cefs@guggenheiminvestments.com

    Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
    Member FINRA/SIPC (03/25) 64065

    The MIL Network –

    March 4, 2025

  • MIL-OSI USA: Senator Coons, Young resolution to establish National FFA Week passes Senate

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON – A bipartisan resolution introduced by Senators Chris Coons (D-Del.) and Todd Young (R-Ind.) to establish February 15-22, 2025, as National FFA Week passed the Senate yesterday.

    The resolution highlights the important role of the National FFA Organization in developing the next generation of leaders by providing educational and career opportunities to students. It also commemorates the 75th anniversary of President Harry S. Truman signing into law a bill that provided a federal charter for FFA, acknowledging the significance of agricultural education in America.

    “Young Delawareans learn to meet today’s agricultural challenges and prepare for tomorrow’s opportunities through programs offered by the Delaware FFA and the National FFA Organization,” said Senator Coons. “I’m thrilled this bipartisan resolution honoring this vital organization and its talented educators and members who will become the next generation of leaders passed the Senate.”

    “FFA plays a critical role in the development of students through agricultural education. The lessons, tools, and resources gained through the FFA program equip Indiana’s future leaders with the skills needed to succeed in a variety of fields,” said Senator Young. “I’m glad to lead this resolution establishing National FFA Week in support of the more than 14,000 Hoosier FFA members.”

    “National FFA Week serves as a powerful reminder of the vital role that agricultural education and leadership development play in shaping our future,” said National FFA Advisor Dr. Travis Park. “It’s a time of celebration and reflection as FFA members, advisors, and supporters come together to honor the impact of this extraordinary organization. The week highlights the value of fostering inclusivity and leadership while addressing the critical demand for skilled talent in agriculture and related industries. Through outreach events, community engagement, and heartfelt gratitude to supporters, National FFA Week strengthens the bond between members and their communities, ensuring the legacy of agriculture and education thrives for generations to come.”

    In Delaware, there are 42 FFA chapters, with nearly 4,430 members. 

    In addition to Senators Young and Coons, Senators John Thune (R-S.D.), Jim Banks (R-Ind.), Bill Hagerty (R-Tenn.), Richard Blumenthal (D-Conn.), Jim Justice (R-W. Va.), Cory Booker (D-N.J.), Steve Daines (R-Mont.), Lisa Blunt-Rochester (D-Del.), Thom Tillis (R-N.C.), Catherine Cortez Masto (D-Nev.), Jim Risch (R-Idaho), Dick Durbin (D-Ill.), Susan Collins (R-Maine), John Fetterman (D-Pa.), James Lankford (R-Okla.), Ruben Gallego (D-Ariz.), John Barrasso (R-Wyo.), Maggie Hassan (D-N.H.), Shelley Moore Capito (R-W. Va.), John Hickenlooper (D-Colo.), Roger Marshall (R-Kan.), Tim Kaine (D-Va.), Roger Wicker (R-Miss.), Angus King (I-Maine), Cynthia Lummis (R-Wyo.), Mark Kelly (D-Ariz.), Chuck Grassley (R-Iowa), Amy Klobuchar (D-Minn.), Marsha Blackburn (R-Tenn.), Ben Ray Lujan (D-N.M.), Katie Britt (R-Ala.), Jeff Merkley (D-Ore.), Cindy Hyde-Smith (R-Miss.), Jon Ossoff (D-Ga.), Rick Scott (R-Fla.), Jeanne Shaheen (D-N.H.), Mitch McConnell (R-Ky.), Raphael Warnock (D-Ga.), Pete Ricketts (R-Neb.), John Boozman (R-Ark.), Joni Ernst (R-Iowa), Tim Sheehy (R-Mont.), Deb Fischer (R-Neb.), Tom Cotton (R-Ark.), Markwayne Mullin (R-Okla.), Eric Schmitt (R-Mo.), Ted Budd (R-N.C.), John Hoeven (R-N.D.), Mike Rounds (R-S.D.), and Kevin Cramer (R-N.D.) also cosponsored the resolution.

    U.S. Representatives Tracey Mann (R-Kan.), Jimmy Panetta (D-Calif.), Glenn Thompson (R-Pa.), and Suzanne Bonamici (D-Ore.) introduced a companion resolution in the House of Representatives.

    You can view the full text of the resolution here.

    MIL OSI USA News –

    March 4, 2025

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Malaysia

    Source: IMF – News in Russian

    March 3, 2025

    Washington, DC: On February 25, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Malaysia and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    Malaysia’s economic performance has improved significantly in 2024. The economy grew by 5.2 percent (y/y) in the first three quarters of 2024, supported by strong private consumption, buoyant investment, improvements in external demand for electrical and electronic products, and a recovery in tourism. Labor market conditions have been strong, with the unemployment rate low at 3.2 percent in 2024Q3. Meanwhile, inflation has been stable around 2 percent, and the ringgit appreciated against the U.S. dollar by 2.6 percent in 2024.

    Current policies are focused on rebuilding fiscal buffers, augmenting growth potential, and strengthening social protection while preserving macroeconomic and financial stability. The landmark Public Finance and Fiscal Responsibility Act (FRA), enacted in 2023, aims to strengthen fiscal management and governance. Fiscal consolidation continued in 2024, with the overall fiscal deficit estimated to have declined from 5.0 percent of GDP in 2023 to the budget target of 4.3 percent of GDP in 2024, supported by subsidy reforms and strengthening of the sales and service tax. Bank Negara Malaysia (BNM) has kept the Overnight Policy Rate (OPR) unchanged at 3.0 percent since May 2023. Under the Economy MADANI Framework, the authorities have developed a set of concerted policy frameworks that focus on increasing incomes, addressing climate change, promoting digitalization, and enhancing governance.

    Executive Board Assessment

    In concluding the Article IV consultation with Malaysia, Executive Directors endorsed the staff’s appraisal as follows:

    Malaysia’s favorable economic conditions provide a window of opportunity to build macroeconomic policy buffers and accelerate structural reforms. Malaysia’s strong growth momentum is expected to be sustained in the near term, with growth projected at 4.7 percent in 2025. Inflation, which eased to 1.8 percent in 2024, is projected to increase to 2.6 percent in 2025 on account of the anticipated implementation of gasoline subsidy reforms, before moderating to 2.3 percent in 2026. Malaysia’s external position in 2024 is preliminarily assessed to be stronger than the level implied by medium-term fundamentals and desirable policies.

    Risks to growth, mostly external, are tilted to the downside, while inflation risks are tilted to the upside. Downside external risks include deepening geoeconomic fragmentation, a growth slowdown in major trading partners, and intensification of geopolitical conflicts, while upside growth risks include faster implementation of investment projects. The upside risks to the inflation outlook stem from global commodity price shocks and potential wage pressures from increases in minimum wage and civil servants’ pay.

    Fiscal consolidation should continue to rebuild buffers and achieve the medium-term targets set under the FRA. Staff recommends achieving a small structural primary balance by 2027. Building on successful subsidy reforms, including for electricity and diesel, staff recommends gradually phasing out remaining fuel subsidies. Revenue mobilization efforts toward a more broad-based and efficient tax system are warranted. Reintroducing the GST could help achieve this goal. The associated impact of fiscal reforms on vulnerable households should be mitigated by well-targeted cash transfers. Staff welcomes the historic enactment of the FRA and recommends its swift and thorough implementation.

    The current neutral monetary policy stance is appropriate. Going forward, monetary policy should remain data dependent. BNM should stand ready to tighten monetary policy if upside inflation risks materialize. Maintaining exchange rate flexibility is essential.

    Financial systemic risks appear contained, and the financial sector remains sound. Banks’ capital and liquidity positions are robust. Credit growth, corporate and household balance sheets, and real estate markets do not pose systemic risks at this juncture. Continued vigilance is warranted against pockets of more highly leveraged borrowers, interlinkages between banks and non-bank financial institutions, and climate and cyber risks—although spillover risks from these areas remain contained. Given the strong growth and accommodative financial conditions, pre-emptive broadening of the macroprudential policy toolkit could be considered.

    Staff encourages swift implementation of the structural reform initiatives to enhance productivity and inclusive growth. The ongoing development of the PADU digital registry can help strengthen social safety nets and public service delivery. Investment incentives to promote high-growth and high-value industries should be well-targeted and ring-fenced. Further efforts are warranted toward Malaysia’s transition to net-zero emissions and readiness for Artificial Intelligence. Staff welcomes the authorities’ efforts to strengthen governance and the anti-corruption framework.

    Selected Economic and Financial Indicators, 2020–30

    Nominal GDP (2023): US$399.7 billion

    		      

     Population (2023): 33.4 million

    		            

    GDP per capita (2023, current prices): US$11,967

    		      

     Poverty rate (2019, national poverty line): 0.2 percent

    		        

    Unemployment rate (2023, period average):  3.4 percent

    		      

     Adult literacy rate (2019): 95.0 percent

    		          
                             

    Main domestic goods exports (share of total domestic exports, 2023): Machinery and Transport Equipment (45.6 percent), Manufactured Goods and Miscellaneous Manufactured Articles (19.0 percent), and Mineral Fuels, Lubricants etc. (16.5 percent).
                 
           
               

    Proj.
       

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    1/
                             

    Real GDP (percent change)

    		  

    -5.5

    3.3

    8.9

    3.6

    5.0

    4.7

    4.4

    4.0

    4.0

    4.0

    4.0

    Total domestic demand

    		  

    -4.8

    3.8

    9.5

    4.7

    6.1

    4.7

    4.0

    3.6

    3.6

    3.6

    3.4

    Private consumption

    		  

    -3.9

    1.8

    11.3

    4.7

    5.3

    4.5

    3.9

    3.4

    3.9

    3.8

    3.7

    Public consumption

    		  

    4.1

    5.8

    5.1

    3.3

    4.3

    3.5

    2.7

    2.4

    2.3

    2.3

    2.3

    Private investment

    		  

    -11.9

    2.8

    7.2

    4.6

    12.0

    6.0

    5.1

    4.0

    4.0

    4.0

    4.0

    Public gross fixed capital formation

    		  

    -21.2

    -11.0

    5.3

    8.6

    11.2

    4.0

    2.8

    2.3

    2.1

    2.0

    2.1

    Net exports (contribution to growth, percentage points)

    		  

    -1.0

    -0.3

    -0.1

    -0.9

    -0.8

    0.2

    0.5

    0.6

    0.5

    0.6

    0.7
                             

    Output gap (in percent)

    		  

    -4.0

    -1.1

    2.5

    1.3

    1.1

    0.7

    0.4

    0.0

    0.0

    0.0

    0.0
                             

    Saving and investment (in percent of GDP)

    		                        

    Gross domestic investment

    		  

    19.7

    22.1

    23.6

    22.5

    22.5

    22.5

    22.6

    22.6

    22.5

    22.5

    22.5

    Gross national saving

    		  

    23.8

    26.0

    26.8

    24.0

    24.5

    24.7

    25.0

    25.3

    25.4

    25.5

    25.5
                             

    Fiscal sector (in percent of GDP) 2/

    		                        

    Federal government overall balance

    		  

    -6.2

    -6.4

    -5.5

    -5.0

    -4.3

    -3.8

    -3.8

    -3.8

    -3.8

    -3.8

    -3.8

    Revenue

    		  

    15.9

    15.1

    16.4

    17.3

    16.5

    16.2

    15.4

    15.1

    14.8

    14.6

    14.4

    Expenditure and net lending

    		  

    22.0

    21.5

    22.0

    22.3

    20.8

    20.0

    19.2

    18.9

    18.6

    18.4

    18.2

    Federal government non-oil primary balance

    		  

    -7.5

    -6.7

    -7.8

    -6.6

    -4.9

    -4.1

    -3.7

    -3.4

    -3.0

    -2.8

    -2.6

    Consolidated public sector overall balance 3/

    		  

    -7.3

    -8.3

    -6.0

    -5.9

    -8.4

    -6.7

    -6.8

    -6.9

    -6.8

    -6.9

    -6.9

    General government debt 3/

    		  

    67.7

    69.2

    65.5

    69.7

    69.6

    68.9

    68.7

    69.1

    69.3

    69.6

    69.8

    Of which: federal government debt

    		  

    62.0

    63.3

    60.2

    64.3

    64.4

    63.7

    63.5

    63.8

    64.1

    64.3

    64.5
                             
                             

    Inflation and unemployment (in percent)

    		                        

    CPI inflation, annual average

    		  

    -1.2

    2.5

    3.4

    2.5

    1.8

    2.6

    2.3

    2.0

    2.0

    2.0

    2.0

    CPI inflation, end of period

    		  

    -1.4

    3.2

    3.8

    1.5

    1.7

    3.8

    2.0

    2.0

    2.0

    2.0

    2.0

    CPI inflation (excluding food and energy), annual average

    		  

    1.1

    0.7

    3.0

    3.0

    1.8

    2.4

    2.2

    2.0

    2.0

    2.0

    2.0

    CPI inflation (excluding food and energy), end of period

    		  

    0.7

    1.1

    4.1

    1.9

    1.6

    3.8

    2.0

    2.0

    2.0

    2.0

    2.0

    Unemployment rate

    		  

    4.5

    4.6

    3.9

    3.4

    3.2

    3.2

    3.2

    3.2

    3.2

    3.2

    3.2
                             
                             

    Macrofinancial variables (end of period)

    		                        

    Broad money (percentage change) 4/

    		  

    4.9

    5.6

    4.0

    5.8

    7.1

    7.6

    6.7

    5.9

    5.9

    5.9

    5.9

    Credit to private sector (percentage change) 4/

    		  

    4.0

    3.8

    3.0

    5.2

    6.2

    6.1

    6.0

    5.9

    5.9

    5.9

    5.9

    Credit-to-GDP ratio (in percent) 5/ 6/

    		  

    144.8

    137.7

    122.4

    126.7

    125.7

    123.9

    123.1

    123.1

    123.1

    123.1

    123.1

    Overnight policy rate (in percent)

    		  

    1.75

    1.75

    2.75

    3.00

    …

    …

    …

    …

    …

    …

    …

    Three-month interbank rate (in percent)

    		  

    1.9

    2.0

    3.6

    3.7

    …

    …

    …

    …

    …

    …

    …

    Nonfinancial corporate sector debt (in percent of GDP) 7/

    		  

    109.7

    109.0

    97.5

    101.2

    …

    …

    …

    …

    …

    …

    …

    Nonfinancial corporate sector debt issuance (in percent of GDP)

    		  

    2.3

    2.6

    2.4

    2.5

    …

    …

    …

    …

    …

    …

    …

    Household debt (in percent of GDP) 7/

    		  

    93.1

    88.9

    80.9

    84.2

    …

    …

    …

    …

    …

    …

    …

    Household financial assets (in percent of GDP) 7/

    		  

    204.5

    191.9

    167.3

    174.3

    …

    …

    …

    …

    …

    …

    …

    House prices (percentage change)

    		  

    1.2

    1.9

    3.9

    3.8

    …

    …

    …

    …

    …

    …

    …
                             
                             

    Exchange rates (period average)

    		                        

    Malaysian ringgit/U.S. dollar

    		  

    4.19

    4.14

    4.40

    4.56

    …

    …

    …

    …

    …

    …

    …

    Real effective exchange rate (percentage change)

    		  

    -3.5

    -1.3

    -1.4

    -2.5

    …

    …

    …

    …

    …

    …

    …
                             
                             

    Balance of payments (in billions of U.S. dollars) 5/

    		                        

    Current account balance

    		  

    14.1

    14.5

    13.0

    6.2

    8.7

    10.2

    12.0

    14.3

    16.1

    17.6

    19.4

    (In percent of GDP)

    		  

    4.2

    3.9

    3.2

    1.5

    2.0

    2.2

    2.4

    2.7

    2.9

    3.0

    3.1

    Goods balance

    		  

    32.7

    42.9

    42.6

    29.9

    26.3

    29.3

    31.8

    33.9

    36.5

    39.2

    43.7

    Services balance

    		  

    -11.2

    -15.8

    -13.2

    -9.5

    -4.4

    -4.1

    -3.1

    -1.7

    -1.3

    -1.0

    -1.5

    Income balance

    		  

    -7.4

    -12.5

    -16.3

    -14.2

    -13.2

    -14.9

    -16.7

    -17.9

    -19.2

    -20.6

    -22.8

    Capital and financial account balance

    		  

    -18.5

    3.8

    1.8

    -3.4

    -6.0

    0.2

    -3.0

    -5.0

    -6.2

    -7.1

    -8.2

    Of which: Direct investment

    		  

    0.7

    7.5

    2.9

    0.0

    -1.3

    2.0

    2.1

    2.2

    2.4

    2.5

    2.6

    Errors and omissions

    		  

    -0.1

    -7.3

    -2.7

    -7.2

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Overall balance

    		  

    -4.6

    11.0

    12.1

    -4.5

    2.7

    10.4

    9.0

    9.3

    9.9

    10.6

    11.2
                             

    Gross official reserves (US$ billions) 5/

    		  

    107.6

    116.9

    114.7

    113.5

    116.2

    126.6

    135.6

    144.9

    154.8

    165.4

    176.6

    (In months of following year’s imports of goods and nonfactor services)

    		  

    5.5

    4.9

    5.4

    4.6

    4.4

    4.6

    4.7

    4.8

    4.9

    4.9

    5.0

    (In percent of short-term debt by original maturity)

    		  

    117.6

    120.8

    104.9

    100.3

    99.4

    98.3

    97.2

    97.0

    97.3

    97.9

    98.9

    (In percent of short-term debt by remaining maturity)

    		  

    91.9

    93.5

    84.6

    80.7

    78.7

    79.4

    79.0

    79.2

    79.7

    80.5

    81.5

    Total external debt (in billions of U.S. dollars) 5/

    		  

    238.8

    258.7

    259.6

    270.6

    284.6

    305.1

    324.4

    342.8

    361.1

    379.2

    397.2

    (In percent of GDP)

    		  

    70.8

    69.3

    63.8

    67.8

    65.1

    65.3

    65.1

    64.9

    64.4

    63.8

    63.0

    Of which: short-term (in percent of total, original maturity)

    		  

    38.3

    37.4

    42.1

    41.8

    41.1

    42.2

    43.0

    43.6

    44.1

    44.6

    44.9

      short-term (in percent of total, remaining maturity)

    		  

    49.1

    48.3

    52.2

    51.9

    51.9

    52.3

    52.9

    53.4

    53.8

    54.2

    54.5

    Debt service ratio 5/

    		                        

    (In percent of exports of goods and services) 8/

    		  

    13.6

    10.5

    9.7

    11.8

    12.1

    12.1

    10.1

    9.8

    9.7

    9.6

    9.5

    (In percent of exports of goods and nonfactor services)

    		  

    14.4

    11.4

    10.3

    12.7

    12.9

    12.9

    10.7

    10.4

    10.3

    10.2

    10.0
                             
                             

    Memorandum items:

    		                        

    Nominal GDP (in billions of ringgit)

    		  

    1,418

    1,549

    1,794

    1,823

    1,952

    2,099

    2,241

    2,373

    2,512

    2,660

    2,817
                             

    Sources: Data provided by the authorities; CEIC Data; World Bank; UNESCO; and IMF, Integrated Monetary Database, and staff estimates.
                             

    1/ Data used in this report for staff analyses are as of January 29, 2025, unless otherwise noted.
    2/ Cash basis.
    3/ Consolidated public sector includes general government and nonfinancial public enterprises (NFPEs). General government includes federal government, state and local governments, and statutory bodies.
    4/ Based on data provided by the authorities, but follows compilation methodology used in IMF’s Integrated Monetary Database. Credit to private sector in 2018 onwards includes data for a newly licensed commercial bank from April 2018. The impact of this bank is excluded in the calculation of credit gap.
    5/ IMF staff estimates. U.S. dollar values are estimated using official data published in national currency.                                                                                                                         
    6/ Based on a broader measure of liquidity. Credit gap is estimated on quarterly data from 2000, using one-sided Hodrick-Prescott filter with a large parameter.
    7/ Revisions in historical data reflect the change in base year for nominal GDP (from 2010=100 to 2015=100).
    8/ Includes receipts under the primary income account.
                               

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/03/02/pr25050-malaysia-imf-executive-board-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News –

    March 4, 2025

  • MIL-OSI: GigaCloud Technology Inc Announces Fourth Quarter and Year Ended December 31, 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., March 03, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024, including a milestone achievement of surpassing $1 billion in total annual revenues for the first time in 2024, and continued robust growth in GigaCloud Marketplace GMV.

    Fourth Quarter 2024 Financial Highlights

    • Total revenues of $295.8 million, increased 20.9% year-over-year.
    • Gross profit of $65.0 million, decreased 6.9% year-over-year.
      Gross margin was 22.0%, compared to 28.5% in the fourth quarter of 2023.
    • Net income of $31.0 million, decreased 12.9% year-over-year.         
      Net income margin was 10.5%, compared to 14.5% in the fourth quarter of 2023.
      Diluted EPS decreased 12.6% year-over-year to $0.76.   
    • Adjusted EBITDA1 decreased 29.5% year-over-year to $30.9 million.
      Adjusted EPS – diluted2 decreased 29.9% year-over-year to $0.75.
    • Cash, Cash Equivalents, Restricted Cash, and Investments totaled $303.1 million as of December 31, 2024, a 64.5% increase year-over-year.

    Full Year 2024 Financial Highlights

    • Total revenues of $1,161.0 million, increased 65.0% year-over-year.
    • Gross profit of $285.2 million, increased 51.2% year-over-year.
      Gross margin was 24.6%, compared to 26.8% in 2023.
    • Net income of $125.8 million, increased 33.7% year-over-year.
      Net income margin was 10.8%, compared to 13.4% in 2023.
      Diluted EPS increased 32.6% year-over-year to $3.05.        
    • Adjusted EBITDA1 increased 32.6% year-over-year to $156.9 million.
      Adjusted EPS – diluted2 increased 31.8% year-over-year to $3.81.

    Operational Highlights

    • GigaCloud Marketplace GMV3 increased 68.9% year-over-year to $1,341.4 million for the 12 months ended December 31, 2024.
    • 3P seller GigaCloud Marketplace GMV4 increased 62.8% year-over-year to $693.9 million for the 12 months ended December 31, 2024. 3P seller GigaCloud Marketplace GMV represented 51.7% of total GigaCloud Marketplace GMV for the 12 months ended December 31, 2024.
    • Active 3P sellers5 increased 36.3% year-over-year to 1,111 for the 12 months ended December 31, 2024.
    • Active buyers6 increased 85.7% year-over-year to 9,306 for the 12 months ended December 31, 2024.
    • Spend per active buyer7 was $144,142 for the 12 months ended December 31, 2024.

    “2024 was a landmark year for GigaCloud as we surpassed $1 billion in total revenues for the first time, a milestone that underscores the strength and resilience of our B2B Marketplace amid a challenging macroeconomic environment,” said Larry Wu, Founder, Chairman, and Chief Executive Officer. “This achievement reflects the growing recognition for our Supplier Fulfilled Retail (SFR) model and our continued success in expanding our platform, driving robust GMV performance. Our global diversification has been a key strength, with standout progress in Europe, which has experienced 155% GMV growth year over year, further validating the broad appeal for our solutions across diverse markets. Our expanding global footprint, deepening partnerships, and relentless focus on innovation continue to fuel our momentum and position us well for the long term. We remain confident in our ability to adapt and maintain our positive trajectory.

    In addition, our Board has approved the appointment of Erica Wei as Chief Financial Officer after serving as Interim CFO since August 2024. She has played a key role in strengthening the Company’s financial strategy, leading compliance efforts, and enhancing financial reporting quality, which will be reflected in the upcoming 10-K. Her leadership will be essential as we continue to scale our business and drive long-term growth.”

    “Our results reflect robust top-line performance and the strategic investments we are making to scale operations and position GigaCloud for long-term success,” said Erica Wei, Chief Financial Officer. “Despite a challenging macro environment, our ability to adapt and execute has kept us on a path of sustained, stable growth. At the same time, we are committed to enhancing shareholder value. Since our $46 million share repurchase authorization in September, we have executed approximately $29 million in share repurchases under a Rule 10b5-1 plan as of today. Our strong financial position of over $300 million in cash and cash equivalents, restricted cash, and short-term investments, while remaining debt-free, gives us the financial flexibility to continue investing in our platform, expanding globally, and driving sustained value for our shareholders.”

    Business Outlook

    The Company expects its total revenues to be between $250 million and $265 million in the first quarter of 2025. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.

    Share Repurchase Program

    In June 2023, we announced that our board of directors approved a share repurchase program to repurchase up to US$25.0 million of our Class A ordinary shares over the next 12 months, which expired in June 2024. On September 3, 2024, we announced that our board of directors approved a new share repurchase program under which we may purchase up to $46.0 million of our Class A ordinary shares, par value $0.05, over a 12-month period. Under the share repurchase program, we may purchase our ordinary shares through various means, including open market transactions, privately negotiated transactions, block trades, any combination thereof or other legally permissible means. We may effect repurchase transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with our working capital requirements, general business conditions and other factors. Our board of directors will review the share repurchase program periodically, and may modify, suspend or terminate the share repurchase program at any time. We plan to fund repurchases from our existing cash balance.

    During the fourth quarter of 2024, we have repurchased 1,033,292 of our Class A ordinary shares at a total consideration of approximately $23 million. Subsequent to the fourth quarter of 2024, the Company has repurchased an aggregate of 283,889 Class A ordinary shares in the open market at a total consideration of approximately $6 million pursuant to a repurchase plan under Rule 10b5-1 of the Exchange Act.

    Conference Call

    The Company will host a conference call to discuss its financial results at 5:30 pm U.S. Eastern Time on March 3, 2025 (6:30 am Hong Kong Time on March 4, 2025). Participants who wish to join the call should pre-register here at https://s1.c-conf.com/diamondpass/10045735-6sh8hd.html. Upon registration, participants will receive the dial-in number and a unique PIN, which can be used to join the conference call. If participants register and forget their PIN or lose their registration confirmation email, they may re-register to receive a new PIN. All participants are encouraged to dial in 15 minutes prior to the start time.

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

    About GigaCloud Technology Inc

    GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/

    Non-GAAP Financial Measures

    The Company uses certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EPS – diluted, to understand and evaluate its core operating performance. Adjusted EBITDA is net income excluding interest, income taxes and depreciation, further adjusted to exclude share-based compensation expense and non-recurring items. Adjusted EPS – diluted is a financial measure defined as our Adjusted EBITDA divided by our diluted weighted-average shares outstanding, respectively. Management uses Adjusted EBITDA and Adjusted EPS – diluted as measures of operating performance, for planning purposes, to allocate resources to enhance the financial performance of our business, to evaluate the effectiveness of our business strategies and in communications with our Board of Directors and investors concerning our financial performance. Non-GAAP financial measures, which may differ from similarly titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP.

    For more information on the non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliation of Adjusted EBITDA” and “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release.

    Forward-Looking Statements

    This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    For investor and media inquiries, please contact:

    GigaCloud Technology Inc

    Investor Relations

    Email: ir@gigacloudtech.com

    PondelWilkinson, Inc.

    Laurie Berman (Investors) – lberman@pondel.com

    George Medici (Media) – gmedici@pondel.com

     
    GigaCloud Technology Inc
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands except for share data and per share data)
         
        December 31,
        2024   2023
    ASSETS        
    Current assets        
    Cash and cash equivalents   $ 259,759     $ 183,283  
    Restricted cash     685       885  
    Investments     42,674       —  
    Accounts receivable, net     57,313       58,876  
    Inventories     172,489       132,247  
    Prepayments and other current assets     14,672       17,516  
    Total current assets     547,592       392,807  
    Non-current assets        
    Operating lease right-of-use assets     451,930       398,922  
    Property and equipment, net     29,498       24,614  
    Intangible assets, net     6,198       8,367  
    Goodwill     12,586       12,586  
    Deferred tax assets     10,026       1,440  
    Other non-current assets     12,645       8,173  
    Total non-current assets     522,883       454,102  
    Total assets   $ 1,070,475     $ 846,909  
             
             
             
        2024   2023
    LIABILITIES AND SHAREHOLDERS’ EQUITY        
    Current liabilities        
    Accounts payable (including accounts payable of VIEs without recourse to the Company of $nil and $11,563 as of December 31, 2024 and 2023, respectively)   $ 78,163     $ 69,757  
    Contract liabilities (including contract liabilities of VIEs without recourse to the Company of $nil and $736 as of December 31, 2024 and 2023, respectively)     4,486       5,537  
    Current operating lease liabilities (including current operating lease liabilities of VIEs without recourse to the Company of $nil and $1,305 as of December 31, 2024 and 2023, respectively)     88,521       57,949  
    Income tax payable (including income tax payable of VIEs without recourse to the Company of $nil and $3,644 as of December 31, 2024 and 2023, respectively)     13,615       15,212  
    Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of VIEs without recourse to the Company of $nil and $2,774 as of December 31, 2024 and 2023, respectively)     79,594       57,319  
    Total current liabilities     264,379       205,774  
    Non-current liabilities        
    Operating lease liabilities, non-current (including operating lease liabilities, non-current of VIEs without recourse to the Company of $nil and $553 as of December 31, 2024 and 2023, respectively)     395,235       343,511  
    Deferred tax liabilities     941       3,795  
    Finance lease obligations, non-current     382       111  
    Non-current income tax payable     4,321       3,302  
    Total non-current liabilities     400,879       350,719  
    Total liabilities   $ 665,258     $ 556,493  
    Commitments and contingencies        
             
             
             
        2024   2023
    Shareholders’ equity        
    Treasury shares, at cost (609,390 and 294,029 shares held as of December 31, 2024 and 2023, respectively)   $ (11,816 )   $ (1,594 )
    Class A ordinary shares ($0.05 par value, 50,673,268 shares authorized, 32,878,735 and 31,738,632 shares issued as of December 31, 2024 and 2023, respectively, 32,269,345 and 31,455,148 shares outstanding as of December 31, 2024 and 2023, respectively)     1,643       1,584  
    Class B ordinary shares ($0.05 par value, 9,326,732 shares authorized, 8,076,732 and 9,326,732 shares issued and outstanding as of December 31, 2024 and 2023)     403       466  
    Additional paid-in capital     120,262       111,736  
    Accumulated other comprehensive income (loss)     (4,136 )     526  
    Retained earnings     298,861       177,698  
    Total shareholders’ equity     405,217       290,416  
    Total liabilities and shareholders’ equity   $ 1,070,475     $ 846,909  
             
     
    GigaCloud Technology Inc
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
    (In thousands except for share data and per share data)
           
      Three Months Ended
    December 31,    		   Year Ended
    December 31,
      2024   2023   2024   2023
    Revenues              
    Service revenues $ 97,107     $ 69,336     $ 350,273     $ 199,184  
    Product revenues   198,675       175,401       810,769       504,647  
    Total revenues   295,782       244,737       1,161,042       703,831  
    Cost of revenues              
    Services   78,188       57,291       284,951       161,215  
    Product sales   152,604       117,609       590,855       353,983  
    Total cost of revenues   230,792       174,900       875,806       515,198  
    Gross profit   64,990       69,837       285,236       188,633  
    Operating expenses              
    Selling and marketing expenses   18,041       14,004       70,686       41,386  
    General and administrative expenses   16,979       13,130       73,944       30,008  
    Research and development expenses   2,356       2,344       9,791       3,925  
    Gains (losses) on disposal of property and equipment   (20 )     3,236       193       3,236  
    Total operating expenses   37,356       32,714       154,614       78,555  
    Operating income   27,634       37,123       130,622       110,078  
    Interest expense   (29 )     (108 )     (256 )     (1,240 )
    Interest income   2,849       1,293       9,405       3,304  
    Foreign currency exchange gains (losses), net   (754 )     4,239       (1,233 )     2,086  
    Government grants   8       438       37       911  
    Others, net   678       (137 )     2,039       (144 )
    Income before income taxes   30,386       42,848       140,614       114,995  
    Income tax expense   573       (7,273 )     (14,806 )     (20,887 )
    Net income $ 30,959     $ 35,575     $ 125,808     $ 94,108  
    Net income attributable to ordinary shareholders   30,959       35,575       125,808       94,108  
    Foreign currency translation adjustment, net of nil income taxes   (715 )     232       (1,266 )     (278 )
    Net unrealized gains (losses) on available-for-sale investments   (12 )     —       7       —  
    Intra-entity foreign currency transactions gain (loss)   (2,565 )     —       (2,565 )     —  
    Release of foreign currency translation reserve related to liquidation of subsidiaries   (838 )     —       (838 )     —  
    Total other comprehensive income (loss)   (4,130 )     232       (4,662 )     (278 )
    Comprehensive Income $ 26,829     $ 35,807     $ 121,146     $ 93,830  
    Net income per ordinary share              
    —Basic $ 0.76     $ 0.87     $ 3.06     $ 2.31  
    —Diluted $ 0.76     $ 0.87     $ 3.05     $ 2.30  
    Weighted average number of ordinary shares outstanding used in computing net income per ordinary share              
    —Basic   40,869,106       40,770,882       41,079,672       40,788,448  
    —Diluted   40,944,311       40,901,772       41,201,026       40,922,590  
                                   
     
    GigaCloud Technology Inc
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
       
      Year Ended
    December 31,
      2024   2023
    Cash flows from operating activities:      
    Net income $ 125,808     $ 94,108  
    Adjustments to reconcile net income to net cash provided by operating activities:      
    Depreciation and amortization   8,524       2,873  
    Share-based compensation   16,825       2,503  
    Operating lease   29,282       2,485  
    Changes in accounts receivables, net   (234 )     (5,058 )
    Changes in inventories   (46,875 )     (16,514 )
    Changes in prepayments and other assets   (1,665 )     (9,249 )
    Changes in accounts payable, accrued expenses and other current liabilities   38,188       46,258  
    Changes in contract liabilities   (992 )     1,473  
    Changes in income tax payable   (1,023 )     10,977  
    Changes in deferred income taxes   (11,462 )     398  
    Other operating activities   1,702       3,198  
    Net cash provided by operating activities   158,078       133,452  
    Cash flows from investing activities:      
    Cash paid for purchase of property and equipment   (15,536 )     (4,380 )
    Cash received from disposal of property and equipment   2,103       462  
    Acquisitions, net of cash acquired   —       (86,629 )
    Purchases of investments   (73,831 )     —  
    Sale and maturities of investments   31,845       —  
    Net cash used in investing activities   (55,419 )     (90,547 )
    Cash flows from financing activities:      
    Repayment of finance lease obligations   (1,726 )     (2,212 )
    Repayment of bank loans   —       (197 )
    Repurchases of ordinary shares   (23,243 )     (1,594 )
    Net cash used in financing activities   (24,969 )     (4,003 )
    Effect of foreign currency exchange rate changes on cash and restricted cash   (1,414 )     190  
    Net increase in cash and restricted cash   76,276       39,092  
    Cash and restricted cash at the beginning of the year   184,168       145,076  
    Cash and restricted cash at the end of the year $ 260,444     $ 184,168  
    Supplemental disclosure of cash flow information      
    Cash paid for interest expense   256       1,240  
    Cash paid for income taxes   26,301       9,512  
    Non-cash investing and financing activities:      
    Purchase of property and equipment under finance leases   767       —  
    Reversal of subscription receivable from ordinary shares   —       312  
    Fair value of assets acquired by acquisition   —       273,086  
    Cash paid for business combinations and asset purchases   —       87,568  
    Liabilities assumed by acquisition   —       (185,518 )
                   
     
    GigaCloud Technology Inc
    UNAUDITED RECONCILIATION OF ADJUSTED EBITDA
    (In thousands, except for per share data)
           
      Three Months Ended
    December 31,    		   Year Ended
    December 31,
      2024   2023   2024   2023
      (In thousands)
    Net income $ 30,959     $ 35,575     $ 125,808     $ 94,108  
    Add: Income tax expense   (573 )     7,273       14,806       20,887  
    Add: Interest expense   29       108       256       1,240  
    Less: Interest income   (2,849 )     (1,293 )     (9,405 )     (3,304 )
    Add: Depreciation and amortization   2,271       1,723       8,524       2,873  
    Add: Share-based compensation expense   1,245       429       16,825       2,503  
    Add: Non-recurring items(1)   (180 )     —       128       —  
    Adjusted EBITDA $ 30,902     $ 43,815     $ 156,942     $ 118,307  

    _____________________
    (1)  One of our fulfillment centers in Japan experienced a fire in March 2024. The fire destroyed our inventories located within the fulfillment center. We recognized losses of $2.0 million as a result of the fire in 2024. Based on the provisions of our insurance policies, the gross losses were reduced by the insurance proceeds received $1.9 million from our insurance carrier for the claim. We do not believe such losses to be recurring or frequent in nature.

     
    UNAUDITED RECONCILIATION OF ADJUSTED EPS – DILUTED
           
      Three Months Ended
    December 31,    		   Year Ended
    December 31,
      2024   2023   2024   2023
    Net income per ordinary share – diluted $ 0.76     $ 0.87     $ 3.05     $ 2.30  
    Adjustments, per ordinary share:              
    Add: Income tax expense   (0.01 )     0.18       0.36       0.51  
    Add: Interest expense   —       —       0.01       0.03  
    Less: Interest income   (0.07 )     (0.03 )     (0.23 )     (0.08 )
    Add: Depreciation and amortization   0.05       0.04       0.21       0.07  
    Add: Share-based compensation expenses   0.02       0.01       0.41       0.06  
    Add: Non-recurring items(1)   —       —       —       —  
    Adjusted EPS – diluted $ 0.75     $ 1.07     $ 3.81     $ 2.89  
                   
    Weighted average number of ordinary shares outstanding – diluted   40,944,311       40,901,772       41,201,026       40,922,590  

    _____________________
    (1)  One of our fulfillment centers in Japan experienced a fire in March 2024. The fire destroyed our inventories located within the fulfillment center. We recognized losses of $2.0 million as a result of the fire in 2024. Based on the provisions of our insurance policies, the gross losses were reduced by the insurance proceeds received $1.9 million from our insurance carrier for the claim. We do not believe such losses to be recurring or frequent in nature.

    _____________________

    1 Adjusted EBITDA is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliation of Adjusted EBITDA” set forth at the end of this press release.

    2 Adjusted EPS – diluted is a non-GAAP financial measure. For more information on the non-GAAP financial measure, please see the section of “Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliation of Adjusted EPS – diluted” set forth at the end of this press release.

    3 GigaCloud Marketplace GMV means the total gross merchandise value of transactions ordered through our GigaCloud Marketplace including GigaCloud 3P and GigaCloud 1P, before any deductions of value added tax, goods and services tax, shipping charges paid by buyers to sellers and any refunds.

    4 3P seller GigaCloud Marketplace GMV means the total gross merchandise value of transactions sold through our GigaCloud Marketplace by 3P sellers, before any deductions of value added tax, goods and services tax, shipping charges paid by buyers to sellers and any refunds.

    5 Active 3P sellers means sellers who have sold a product in GigaCloud Marketplace within the last 12-month period, irrespective of cancellations or returns.

    6 Active buyers means buyers who have purchased a product in the GigaCloud Marketplace within the last 12-month period, irrespective of cancellations or returns.

    7 Spend per active buyer is calculated by dividing the total GigaCloud Marketplace GMV within the last 12-month period by the number of active buyers as of such date.

    The MIL Network –

    March 4, 2025

  • MIL-OSI: ACM Research Announces Qualification of High-Temperature SPM Tool for Customer in China

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., March 03, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced its Single-Wafer High-Temperature Sulfuric Peroxide Mixture (SPM) tool has been qualified by a key logic device manufacturer in mainland China. To date, ACM has delivered its SPM tools to thirteen customers. The system features ACM’s proprietary nozzle design, which prevents acid mist splatter during the SPM process, improving particle performance, reducing chamber preventive maintenance cleaning frequency, and enhancing system uptime. It supports wet etching and wafer cleaning for both front- and back-end processes at 28-nanometer (nm) and below technology nodes.

    “The Single-Wafer Moderate/High-Temperature SPM tool is a prime example of ACM’s commitment to innovation in solving customers’ challenges in high-volume 300mm semiconductor manufacturing. We’re already seeing great interest across our global customer base in this tool,” said Dr. David Wang, ACM’s President and Chief Executive Officer. “The Moderate/High-Temperature SPM represents a growing portion of the wafer-cleaning equipment market, especially High-Temperature SPM tool, which plays a critical role in manufacturing next-generation semiconductor devices.”

    ACM’s Single-Wafer Moderate/High-Temperature SPM tool is suitable for a variety of front- and back-end wet etching and cleaning processes, including low-to-medium temperature sulfuric acid cleaning at 90 degrees Celsius (°C), high-temperature sulfuric acid photoresist stripping at 170°C, and ultra-high temperature sulfuric acid metal lift-off at 190°C. As semiconductor process nodes advance, the demand for single-wafer high-temperature sulfuric acid processing is increasing significantly. This trend brings increasingly stringent requirements for particle control, chamber environment management, and sulfuric acid temperature stability. In response to these challenges, ACM has introduced an innovative design for its Single-Wafer Moderate/High-Temperature SPM tool, positioning it as a ready-to-deploy solution to meet the evolving needs of the industry. ACM’s proprietary technologies integrated into the tool include:

    • A multi-level heating method that ensures the highest mixed temperature exceeds 230℃ and is steadily controlled.
    • An SPM nozzle design that prevents high-temperature SPM from splashing outside the chamber; it achieves better particle control with an average particle count of fewer than 10 at 26nm.

    The Single-Wafer Moderate/High-Temperature SPM tool is equipped with an inline chemical mixing system and a configurable process chamber that accommodates various chemical solutions. It can also be seamlessly integrated with ACM’s patented SAPS and TEBO megasonic technologies to enhance organic contaminant removal and improve wafer surface preparation.

    About the ACM Single-Wafer Moderate/ High-Temperature SPM Tool
    ACM’s Single-Wafer Moderate/High-Temperature SPM tool is designed for various wet-etching processes and both single- and double-sided cleaning. It is compatible with a wide range of chemicals and cleaning processes. By effectively removing organic defects while minimizing film loss, it outperforms most post-cleaning and photoresist wet stripping processes. Supporting wafer sizes from 150mm to 300mm, the system features four load ports, a configurable setup of 8 to 12 chambers, a multifunctional chemical distribution system, and a self-cleaning chamber.

    Forward-Looking Statements

    Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

    About ACM Research, Inc.
    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

    © ACM Research, Inc. ULTRA C, SAPS, TEBO and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners.

    Media Contact: Company Contacts:
    Alyssa Lundeen USA
    Kiterocket Robert Metter
    +1 218.398.0776 +1 503.367.9753
    alundeen@kiterocket.com  
      China
      Xi Wang
      ACM Research (Shanghai), Inc.
      +86 21 50808868
       
      Korea
      David Kim
      ACM Research (Korea), Inc.
      +82 1041415171
       
      Taiwan
      David Chang
      +886 921999884
       
      Singapore
      Adrian Ong
      +65 8813-1107

    The MIL Network –

    March 4, 2025

  • MIL-OSI Economics: Malaysia: 2025 Article IV Consultation-Press Release; and Staff Report

    Source: International Monetary Fund

    Summary

    Malaysia’s economic performance has significantly improved in 2024, supported by strong domestic and external demand. Disinflation is taking hold and external pressures have eased. The favorable economic conditions provide a window of opportunity to build macroeconomic policy buffers and accelerate structural reforms, especially as risks to growth are tilted to the downside amid an uncertain global outlook. Risks to the inflation outlook are tilted to the upside, including from global commodity price shocks and potential wage pressures.

    MIL OSI Economics –

    March 4, 2025

  • MIL-OSI Economics: IMF Executive Board Concludes 2025 Article IV Consultation with Malaysia

    Source: International Monetary Fund

    March 3, 2025

    Washington, DC: On February 25, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Malaysia and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    Malaysia’s economic performance has improved significantly in 2024. The economy grew by 5.2 percent (y/y) in the first three quarters of 2024, supported by strong private consumption, buoyant investment, improvements in external demand for electrical and electronic products, and a recovery in tourism. Labor market conditions have been strong, with the unemployment rate low at 3.2 percent in 2024Q3. Meanwhile, inflation has been stable around 2 percent, and the ringgit appreciated against the U.S. dollar by 2.6 percent in 2024.

    Current policies are focused on rebuilding fiscal buffers, augmenting growth potential, and strengthening social protection while preserving macroeconomic and financial stability. The landmark Public Finance and Fiscal Responsibility Act (FRA), enacted in 2023, aims to strengthen fiscal management and governance. Fiscal consolidation continued in 2024, with the overall fiscal deficit estimated to have declined from 5.0 percent of GDP in 2023 to the budget target of 4.3 percent of GDP in 2024, supported by subsidy reforms and strengthening of the sales and service tax. Bank Negara Malaysia (BNM) has kept the Overnight Policy Rate (OPR) unchanged at 3.0 percent since May 2023. Under the Economy MADANI Framework, the authorities have developed a set of concerted policy frameworks that focus on increasing incomes, addressing climate change, promoting digitalization, and enhancing governance.

    Executive Board Assessment

    In concluding the Article IV consultation with Malaysia, Executive Directors endorsed the staff’s appraisal as follows:

    Malaysia’s favorable economic conditions provide a window of opportunity to build macroeconomic policy buffers and accelerate structural reforms. Malaysia’s strong growth momentum is expected to be sustained in the near term, with growth projected at 4.7 percent in 2025. Inflation, which eased to 1.8 percent in 2024, is projected to increase to 2.6 percent in 2025 on account of the anticipated implementation of gasoline subsidy reforms, before moderating to 2.3 percent in 2026. Malaysia’s external position in 2024 is preliminarily assessed to be stronger than the level implied by medium-term fundamentals and desirable policies.

    Risks to growth, mostly external, are tilted to the downside, while inflation risks are tilted to the upside. Downside external risks include deepening geoeconomic fragmentation, a growth slowdown in major trading partners, and intensification of geopolitical conflicts, while upside growth risks include faster implementation of investment projects. The upside risks to the inflation outlook stem from global commodity price shocks and potential wage pressures from increases in minimum wage and civil servants’ pay.

    Fiscal consolidation should continue to rebuild buffers and achieve the medium-term targets set under the FRA. Staff recommends achieving a small structural primary balance by 2027. Building on successful subsidy reforms, including for electricity and diesel, staff recommends gradually phasing out remaining fuel subsidies. Revenue mobilization efforts toward a more broad-based and efficient tax system are warranted. Reintroducing the GST could help achieve this goal. The associated impact of fiscal reforms on vulnerable households should be mitigated by well-targeted cash transfers. Staff welcomes the historic enactment of the FRA and recommends its swift and thorough implementation.

    The current neutral monetary policy stance is appropriate. Going forward, monetary policy should remain data dependent. BNM should stand ready to tighten monetary policy if upside inflation risks materialize. Maintaining exchange rate flexibility is essential.

    Financial systemic risks appear contained, and the financial sector remains sound. Banks’ capital and liquidity positions are robust. Credit growth, corporate and household balance sheets, and real estate markets do not pose systemic risks at this juncture. Continued vigilance is warranted against pockets of more highly leveraged borrowers, interlinkages between banks and non-bank financial institutions, and climate and cyber risks—although spillover risks from these areas remain contained. Given the strong growth and accommodative financial conditions, pre-emptive broadening of the macroprudential policy toolkit could be considered.

    Staff encourages swift implementation of the structural reform initiatives to enhance productivity and inclusive growth. The ongoing development of the PADU digital registry can help strengthen social safety nets and public service delivery. Investment incentives to promote high-growth and high-value industries should be well-targeted and ring-fenced. Further efforts are warranted toward Malaysia’s transition to net-zero emissions and readiness for Artificial Intelligence. Staff welcomes the authorities’ efforts to strengthen governance and the anti-corruption framework.

    Selected Economic and Financial Indicators, 2020–30

    Nominal GDP (2023): US$399.7 billion

    		      

     Population (2023): 33.4 million

    		            

    GDP per capita (2023, current prices): US$11,967

    		      

     Poverty rate (2019, national poverty line): 0.2 percent

    		        

    Unemployment rate (2023, period average):  3.4 percent

    		      

     Adult literacy rate (2019): 95.0 percent

    		          
                             

    Main domestic goods exports (share of total domestic exports, 2023): Machinery and Transport Equipment (45.6 percent), Manufactured Goods and Miscellaneous Manufactured Articles (19.0 percent), and Mineral Fuels, Lubricants etc. (16.5 percent).
                 
           
               

    Proj.
       

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    1/
                             

    Real GDP (percent change)

    		  

    -5.5

    3.3

    8.9

    3.6

    5.0

    4.7

    4.4

    4.0

    4.0

    4.0

    4.0

    Total domestic demand

    		  

    -4.8

    3.8

    9.5

    4.7

    6.1

    4.7

    4.0

    3.6

    3.6

    3.6

    3.4

    Private consumption

    		  

    -3.9

    1.8

    11.3

    4.7

    5.3

    4.5

    3.9

    3.4

    3.9

    3.8

    3.7

    Public consumption

    		  

    4.1

    5.8

    5.1

    3.3

    4.3

    3.5

    2.7

    2.4

    2.3

    2.3

    2.3

    Private investment

    		  

    -11.9

    2.8

    7.2

    4.6

    12.0

    6.0

    5.1

    4.0

    4.0

    4.0

    4.0

    Public gross fixed capital formation

    		  

    -21.2

    -11.0

    5.3

    8.6

    11.2

    4.0

    2.8

    2.3

    2.1

    2.0

    2.1

    Net exports (contribution to growth, percentage points)

    		  

    -1.0

    -0.3

    -0.1

    -0.9

    -0.8

    0.2

    0.5

    0.6

    0.5

    0.6

    0.7
                             

    Output gap (in percent)

    		  

    -4.0

    -1.1

    2.5

    1.3

    1.1

    0.7

    0.4

    0.0

    0.0

    0.0

    0.0
                             

    Saving and investment (in percent of GDP)

    		                        

    Gross domestic investment

    		  

    19.7

    22.1

    23.6

    22.5

    22.5

    22.5

    22.6

    22.6

    22.5

    22.5

    22.5

    Gross national saving

    		  

    23.8

    26.0

    26.8

    24.0

    24.5

    24.7

    25.0

    25.3

    25.4

    25.5

    25.5
                             

    Fiscal sector (in percent of GDP) 2/

    		                        

    Federal government overall balance

    		  

    -6.2

    -6.4

    -5.5

    -5.0

    -4.3

    -3.8

    -3.8

    -3.8

    -3.8

    -3.8

    -3.8

    Revenue

    		  

    15.9

    15.1

    16.4

    17.3

    16.5

    16.2

    15.4

    15.1

    14.8

    14.6

    14.4

    Expenditure and net lending

    		  

    22.0

    21.5

    22.0

    22.3

    20.8

    20.0

    19.2

    18.9

    18.6

    18.4

    18.2

    Federal government non-oil primary balance

    		  

    -7.5

    -6.7

    -7.8

    -6.6

    -4.9

    -4.1

    -3.7

    -3.4

    -3.0

    -2.8

    -2.6

    Consolidated public sector overall balance 3/

    		  

    -7.3

    -8.3

    -6.0

    -5.9

    -8.4

    -6.7

    -6.8

    -6.9

    -6.8

    -6.9

    -6.9

    General government debt 3/

    		  

    67.7

    69.2

    65.5

    69.7

    69.6

    68.9

    68.7

    69.1

    69.3

    69.6

    69.8

    Of which: federal government debt

    		  

    62.0

    63.3

    60.2

    64.3

    64.4

    63.7

    63.5

    63.8

    64.1

    64.3

    64.5
                             
                             

    Inflation and unemployment (in percent)

    		                        

    CPI inflation, annual average

    		  

    -1.2

    2.5

    3.4

    2.5

    1.8

    2.6

    2.3

    2.0

    2.0

    2.0

    2.0

    CPI inflation, end of period

    		  

    -1.4

    3.2

    3.8

    1.5

    1.7

    3.8

    2.0

    2.0

    2.0

    2.0

    2.0

    CPI inflation (excluding food and energy), annual average

    		  

    1.1

    0.7

    3.0

    3.0

    1.8

    2.4

    2.2

    2.0

    2.0

    2.0

    2.0

    CPI inflation (excluding food and energy), end of period

    		  

    0.7

    1.1

    4.1

    1.9

    1.6

    3.8

    2.0

    2.0

    2.0

    2.0

    2.0

    Unemployment rate

    		  

    4.5

    4.6

    3.9

    3.4

    3.2

    3.2

    3.2

    3.2

    3.2

    3.2

    3.2
                             
                             

    Macrofinancial variables (end of period)

    		                        

    Broad money (percentage change) 4/

    		  

    4.9

    5.6

    4.0

    5.8

    7.1

    7.6

    6.7

    5.9

    5.9

    5.9

    5.9

    Credit to private sector (percentage change) 4/

    		  

    4.0

    3.8

    3.0

    5.2

    6.2

    6.1

    6.0

    5.9

    5.9

    5.9

    5.9

    Credit-to-GDP ratio (in percent) 5/ 6/

    		  

    144.8

    137.7

    122.4

    126.7

    125.7

    123.9

    123.1

    123.1

    123.1

    123.1

    123.1

    Overnight policy rate (in percent)

    		  

    1.75

    1.75

    2.75

    3.00

    …

    …

    …

    …

    …

    …

    …

    Three-month interbank rate (in percent)

    		  

    1.9

    2.0

    3.6

    3.7

    …

    …

    …

    …

    …

    …

    …

    Nonfinancial corporate sector debt (in percent of GDP) 7/

    		  

    109.7

    109.0

    97.5

    101.2

    …

    …

    …

    …

    …

    …

    …

    Nonfinancial corporate sector debt issuance (in percent of GDP)

    		  

    2.3

    2.6

    2.4

    2.5

    …

    …

    …

    …

    …

    …

    …

    Household debt (in percent of GDP) 7/

    		  

    93.1

    88.9

    80.9

    84.2

    …

    …

    …

    …

    …

    …

    …

    Household financial assets (in percent of GDP) 7/

    		  

    204.5

    191.9

    167.3

    174.3

    …

    …

    …

    …

    …

    …

    …

    House prices (percentage change)

    		  

    1.2

    1.9

    3.9

    3.8

    …

    …

    …

    …

    …

    …

    …
                             
                             

    Exchange rates (period average)

    		                        

    Malaysian ringgit/U.S. dollar

    		  

    4.19

    4.14

    4.40

    4.56

    …

    …

    …

    …

    …

    …

    …

    Real effective exchange rate (percentage change)

    		  

    -3.5

    -1.3

    -1.4

    -2.5

    …

    …

    …

    …

    …

    …

    …
                             
                             

    Balance of payments (in billions of U.S. dollars) 5/

    		                        

    Current account balance

    		  

    14.1

    14.5

    13.0

    6.2

    8.7

    10.2

    12.0

    14.3

    16.1

    17.6

    19.4

    (In percent of GDP)

    		  

    4.2

    3.9

    3.2

    1.5

    2.0

    2.2

    2.4

    2.7

    2.9

    3.0

    3.1

    Goods balance

    		  

    32.7

    42.9

    42.6

    29.9

    26.3

    29.3

    31.8

    33.9

    36.5

    39.2

    43.7

    Services balance

    		  

    -11.2

    -15.8

    -13.2

    -9.5

    -4.4

    -4.1

    -3.1

    -1.7

    -1.3

    -1.0

    -1.5

    Income balance

    		  

    -7.4

    -12.5

    -16.3

    -14.2

    -13.2

    -14.9

    -16.7

    -17.9

    -19.2

    -20.6

    -22.8

    Capital and financial account balance

    		  

    -18.5

    3.8

    1.8

    -3.4

    -6.0

    0.2

    -3.0

    -5.0

    -6.2

    -7.1

    -8.2

    Of which: Direct investment

    		  

    0.7

    7.5

    2.9

    0.0

    -1.3

    2.0

    2.1

    2.2

    2.4

    2.5

    2.6

    Errors and omissions

    		  

    -0.1

    -7.3

    -2.7

    -7.2

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Overall balance

    		  

    -4.6

    11.0

    12.1

    -4.5

    2.7

    10.4

    9.0

    9.3

    9.9

    10.6

    11.2
                             

    Gross official reserves (US$ billions) 5/

    		  

    107.6

    116.9

    114.7

    113.5

    116.2

    126.6

    135.6

    144.9

    154.8

    165.4

    176.6

    (In months of following year’s imports of goods and nonfactor services)

    		  

    5.5

    4.9

    5.4

    4.6

    4.4

    4.6

    4.7

    4.8

    4.9

    4.9

    5.0

    (In percent of short-term debt by original maturity)

    		  

    117.6

    120.8

    104.9

    100.3

    99.4

    98.3

    97.2

    97.0

    97.3

    97.9

    98.9

    (In percent of short-term debt by remaining maturity)

    		  

    91.9

    93.5

    84.6

    80.7

    78.7

    79.4

    79.0

    79.2

    79.7

    80.5

    81.5

    Total external debt (in billions of U.S. dollars) 5/

    		  

    238.8

    258.7

    259.6

    270.6

    284.6

    305.1

    324.4

    342.8

    361.1

    379.2

    397.2

    (In percent of GDP)

    		  

    70.8

    69.3

    63.8

    67.8

    65.1

    65.3

    65.1

    64.9

    64.4

    63.8

    63.0

    Of which: short-term (in percent of total, original maturity)

    		  

    38.3

    37.4

    42.1

    41.8

    41.1

    42.2

    43.0

    43.6

    44.1

    44.6

    44.9

      short-term (in percent of total, remaining maturity)

    		  

    49.1

    48.3

    52.2

    51.9

    51.9

    52.3

    52.9

    53.4

    53.8

    54.2

    54.5

    Debt service ratio 5/

    		                        

    (In percent of exports of goods and services) 8/

    		  

    13.6

    10.5

    9.7

    11.8

    12.1

    12.1

    10.1

    9.8

    9.7

    9.6

    9.5

    (In percent of exports of goods and nonfactor services)

    		  

    14.4

    11.4

    10.3

    12.7

    12.9

    12.9

    10.7

    10.4

    10.3

    10.2

    10.0
                             
                             

    Memorandum items:

    		                        

    Nominal GDP (in billions of ringgit)

    		  

    1,418

    1,549

    1,794

    1,823

    1,952

    2,099

    2,241

    2,373

    2,512

    2,660

    2,817
                             

    Sources: Data provided by the authorities; CEIC Data; World Bank; UNESCO; and IMF, Integrated Monetary Database, and staff estimates.
                             

    1/ Data used in this report for staff analyses are as of January 29, 2025, unless otherwise noted.
    2/ Cash basis.
    3/ Consolidated public sector includes general government and nonfinancial public enterprises (NFPEs). General government includes federal government, state and local governments, and statutory bodies.
    4/ Based on data provided by the authorities, but follows compilation methodology used in IMF’s Integrated Monetary Database. Credit to private sector in 2018 onwards includes data for a newly licensed commercial bank from April 2018. The impact of this bank is excluded in the calculation of credit gap.
    5/ IMF staff estimates. U.S. dollar values are estimated using official data published in national currency.                                                                                                                         
    6/ Based on a broader measure of liquidity. Credit gap is estimated on quarterly data from 2000, using one-sided Hodrick-Prescott filter with a large parameter.
    7/ Revisions in historical data reflect the change in base year for nominal GDP (from 2010=100 to 2015=100).
    8/ Includes receipts under the primary income account.
                               

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics –

    March 4, 2025

  • MIL-OSI New Zealand: Health – ProCare welcomes Health Minister’s announcement around funding uplift for primary care

    Source: ProCare

    Leading healthcare provider, ProCare, has today welcomed the Health Minister’s announcement around the funding uplift for primary care, as the sector has been underfunded for a number of years now.

    Bindi Norwell, Chief Executive at ProCare says: “There is a significant need to invest in primary care, in order to keep people well, out of hospital, and at the same time, help improve the financial sustainability of general practices.

    The costs of doing business have outstripped any increases in capitation, and a significant number of practices are struggling to meet the rising costs of supporting their patients, meeting population health needs and providing a service to their local communities.

    “An additional $95 million per year, over the next three years, is an excellent start to helping practices who have been struggling. However, we will be very keen to understand what the ‘pre conditions’ and ‘key targets’ are the Minister alludes to in his announcement,” Norwell continues.

    In terms of the workforce development announcement, the initiatives will help to ease some of the workforce pressures the sector has been facing.

    “We’re around 600 GPs short in New Zealand at the moment, so an additional 100 GPs will certainly help ease wait times and pressure on burnt out GPs. Having experienced GPs driving taxis or Ubers while they wait to be qualified in Aotearoa is as frustrating for those individuals as it is for those desperate to welcome them into their practices.

    “Having more nurses will certainly help practices, but we need to ensure that they are receiving the same remuneration as their hospital counterparts, otherwise, we will continue to have the same problems we have today,” points out Norwell.

    Commenting on the digital consultation service, ProCare warmly welcomes the announcement, but is keen to see further details.

    “On the face of it, a 24/7 service to support New Zealanders see a GP in a timely manner sounds amazing, and it will certainly help ease the pressure on hospitals,” says Norwell.

    “However, as with anything, the devil is in the detail. We do have a number of questions that we would like answered in due course – what will the cost to patients be, who will be providing the service, and what does ‘subsidised’ consults look like?” she continues.

    “We are meeting with the Minister in a few weeks’ time, so will look forward to whatever updated information we are able to provide our members with,” concludes Norwell.

    About ProCare
    ProCare is a leading healthcare provider that aims to deliver the most progressive, pro-active and equitable health and wellbeing services in Aotearoa. We do this through our clinical support services, mental health and wellness services, virtual/tele health, mobile health, smoking cessation and by taking a population health and equity approach to our mahi. As New Zealand’s largest Primary Health Organisation, we represent a network of general practice teams and healthcare professionals who provide care to nearly 700,000 patients across Auckland. These practices serve the largest Pacific and South Asian populations enrolled in general practice and the largest Māori population in Tāmaki Makaurau. For more information go to www.procare.co.nz

    MIL OSI New Zealand News –

    March 4, 2025

  • MIL-OSI USA: Oregon Delegation Demands Reversal of Trump Attacks on Programs Serving Tribal Communities

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    March 03, 2025
    Washington, D.C. – Oregon’s U.S. Senators Jeff Merkley and Ron Wyden—along with U.S. Representatives Suzanne Bonamici (OR-01), Val Hoyle (OR-04), Andrea Salinas (OR-06), Maxine Dexter (OR-03), and Janelle Bynum (OR-05)—joined over 100 Members of Congress to demand that the Trump Administration stop and reverse its dangerous efforts to fire employees and defund programs that serve Tribes and Tribal members.
    The lawmakers directed President Donald Trump, U.S. Department of the Interior Secretary Doug Burgum, and U.S. Department of Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. to “take immediate action to halt, exempt, and reverse the impacts to federal employees and funding serving Indian Country, as those positions and programs are essential for the administration of legally mandated Tribal programs and services.”
    Outlining the impact of the Trump administration’s actions to-date, the lawmakers further wrote, “Your administration’s recent executive actions undermine Tribal sovereignty, existing federal law, and the federal-Tribal government-to-government relationship.”
    “In the past month, your administration has taken aim at thousands of federal workers across various government agencies. Reports indicate that this includes more than 2,600 federal employees at the Department of Interior, including more than 100 Bureau of Indian Affairs (BIA) employees, more than 40 Bureau of Indian Education (BIE) employees, several employees at the Office of Indian Affairs, as well as social workers, firefighters, and police that work on behalf of Indian Country, plus some 950 Indian Health Service (IHS) employees at the Department of Health and Human Services,” the lawmakers continued.
    The lawmakers further reminded the President and Secretary Burgum that “Tribal Nations are sovereign governments with a unique legal and political relationship to the United States. The inherent sovereignty of Tribes is recognized in the U.S. Constitution, in treaties, and across many federal laws and policies, and it has been consistently upheld by the U.S. Supreme Court.”
    “These trust and treaty obligations in some cases predate both the establishment of all of the agencies in question as well as the United States itself. Pursuant to those legal obligations, we must adequately fund and staff agencies that provide these essential services and programs, including at BIA, BIE, and IHS,” the lawmakers stressed.
    The letter is the latest in a series of actions by the Oregon delegation to sound the alarm on the Trump Administration’s attacks on Tribal communities, including staffing shortages at the IHS, layoffs at the IHS, and wrongful searches and interrogations of Tribal members by Immigration and Customs Enforcement (ICE) agents.
    The full text of the letter is here.

    MIL OSI USA News –

    March 4, 2025

  • MIL-OSI Canada: B.C. appoints four new Provincial Court judges

    Source: Government of Canada regional news

    The Government of British Columbia has appointed four new Provincial Court judges to support access to justice.

    The new judges are:

    • Ariana Ward (effective March 28, 2025);
    • James Henry (effective March 21, 2025);
    • Brian Dybwad (effective March 21, 2025); and
    • Mylene de Guzman (effective March 28, 2025).

    Ariana Ward has practised law for 27 years. Born in Iran, Ward moved to the United States before immigrating to Canada. After completing law school, she became Crown counsel. Since 1996, Ward has worked in almost every area of the BC Prosecution Service (BCPS). From 2008-17, she worked for the BCPS as weekend bail Crown. Since 2018, she has worked as trial counsel. Committed to Indigenous reconciliation, she has been counsel in North Vancouver’s Indigenous sentencing court. Ward’s contributions to the legal community include judging in the UBC Moot Court program and working as a sessional instructor at Douglas College where she taught an Introduction to Criminal Justice, Indigenous People and the Law course.

    James Henry was called to the B.C. bar in May 1996. He has been working as Crown counsel since 2017. For 20 years before that, he worked as defence counsel in Surrey and the Fraser Valley. He is Métis on his grandfather’s side of the family, and is a member of and served on the board of directors of the Nova Metis Heritage Association. In 2020, he joined the Indigenous Prosecution Service Resource Group. In 2022, he was appointed as administrative Crown counsel overseeing the scheduling of more than 50 prosecutors in the Surrey office.

    Brian Dybwad is a member of the Tsetault-Gitxsan Nation on his mother’s side, and his father is Norwegian. He is a hereditary Chief, with the name Skawill, which translates to big rock in the middle of the river. He graduated from University of Victoria in 1998 and was called to the B.C. bar in 2010.  He has primarily practised as a lawyer on north Vancouver Island. In private practice, between 2010 and 2018, he focused on criminal defence, family law and child-protection matters. Between 2018 and 2022, he was the managing lawyer for the Parents Legal Centre in Campbell River. From July 2022, he has held managing lawyer positions at Legal Aid BC. From 2015-17, he was the president of the Campbell River Bar Association, member at large at the British Columbia Law Institute, and in 2022 and 2024 was elected as a bencher of the Law Society of British Columbia.

    Mylene de Guzman was born in the Philippines. She immigrated to Ontario where she attended the University of Windsor and obtained her law degree in 1995. Articling at Greig, Skagen & Kennedy, she has worked as a family law lawyer in New Westminster and the Fraser Valley for most of her career. She obtained her accreditation as a family law mediator and arbitrator in 2015. She devotes 20% of her practice to alternative dispute resolutions. She is on the roster of Access Pro Bono lawyers, participating in legal clinics and conducting mediations. De Guzman is also a member of Amici Curiae Friendship Society, participating as a guest speaker and lecturer for legal clinics. She has worked as a volunteer in the legal community, taking on executive roles, including president of the New West Bar Association in 2022. She is the first vice-president of the Canadian Bar Association.

    These judicial appointments are made by considering various factors, such as the court’s requirements, the diversity of the judiciary and the candidates’ areas of expertise. The appointments show the Province’s continued dedication to ensuring fair access to justice for everyone in British Columbia.

    Quick Facts:

    • The process to appoint judges involves the following steps:
      • Interested lawyers apply, and the Judicial Council of B.C. reviews the candidates.
      • The council is a statutory body made up of the chief judge, an associate chief judge, other judges, lawyers and members from outside the legal profession.
      • The council recommends potential judges to the attorney general, with the final appointment made through a cabinet order-in-council.
    • Although judges and judicial justices are located in a judicial region, many use technology, such as videoconferencing, for court proceedings.
    • Judges travel regularly throughout the province to meet changing demands.

    Learn More:

    For information about the judicial appointment process, visit: https://provincialcourt.bc.ca/

    MIL OSI Canada News –

    March 4, 2025

  • MIL-OSI United Nations: Committee on the Rights of Persons with Disabilities Opens Thirty-Second Session

    Source: United Nations – Geneva

    Six New Committee Members Make Solemn Declaration

    The Committee on the Rights of Persons with Disabilities today opened its thirty-second session, during which it will review the reports of Canada, Dominican Republic, European Union, Palau, Tuvalu and Viet Nam. 

    Andrea Ori, Chief of the Groups in Focus Section, Human Rights Treaties Branch, Human Rights Council and Treaty Mechanisms Division, Office of the High Commissioner for Human Rights, and Representative of the Secretary-General, extended a warm welcome to six new members of the Committee, namely: Magino Corporán Lorenzo (Dominican Republic); Mara Cristina Gabrilli (Brazil); Natalia Guala Beathyate (Uruguay); Christopher Nwanoro (Nigeria); Inmaculada Placencia Porrero (European Union); and Hiroshi Tamon (Japan). 

    He also congratulated the re-elected members of the Committee, namely: Gerel Dondovdorj (Mongolia); Abdelmajid Makni (Morocco); and Floyd Morris (Jamaica).

    Mr. Ori said that as a result of the election, the composition of the Committee had changed this year to 10 women and eight men.  It was one of the largest female representations in a treaty body.  The 192 ratifications to the Convention on the Rights of Persons with Disabilities showed the commitment of the international community to an inclusive and accessible world.  Since the last session, Eritrea had ratified the Convention. In addition, Ireland had ratified the Optional Protocol to the Convention, bringing the States parties to that instrument to 107. 

    The six new members made their solemn declaration to the Committee.

    The Committee then adopted the programme of work for the session.

    Gertrude Oforiwa Fefoame, outgoing Committee Chairperson, said this morning, the Committee would elect a Chair, three Vice-Chairs and a Rapporteur in a private meeting.  Ms. Fefoame then provided an overview of her activities undertaken since the last session.  She was filled with profound gratitude to have chaired the Committee for the past two years.  In times of crisis, persons with disabilities were too often left behind and this was not acceptable.  Ms. Fefoame thanked everyone who had supported her during her time as Chairperson. 

    Floyd Morris, Committee Expert, expressed profound appreciation on behalf of the Committee to Ms. Fefoame for her leadership. 

    Speaking at the opening of the session were representatives from the Committee on Victim Assistance; United Nations Women; World Intellectual Property Organization; Implementation Support Unit of the Convention on Cluster Munitions; International Disability Alliance; World Federation of the Deaf; Peace Inclusion Peace; Universal Rights Group; and United for Global Mental Health

    Summaries of the public meetings of the Committee can be found here, while webcasts of the public meetings can be found here.  The programme of work of the Committee’s thirty-second session and other documents related to the session can be found here.

    The Committee will next meet in public at 10 a.m. on Tuesday, 4 March to consider the initial report of Tuvalu (CRPD/C/TUV/1).

    Opening Statement

    ANDREA ORI, Chief of the Groups in Focus Section, Human Rights Treaties Branch, Human Rights Council and Treaty Mechanisms Division, Office of the High Commissioner for Human Rights, and Representative of the Secretary-General, extended a warm welcome to the six new members of the Committee: Magino Corporán Lorenzo (Dominican Republic); Mara Cristina Gabrilli (Brazil); Natalia Guala Beathyate (Uruguay); Christopher Nwanoro (Nigeria); Inmaculada Placencia Porrero (European Union); and Hiroshi Tamon (Japan).

    He also congratulated the re-elected members of the Committee: Gerel Dondovdorj (Mongolia); Abdelmajid Makni (Morocco); and Floyd Morris (Jamaica). 

    As a result of the election, the composition of the Committee had changed this year to 10 women and eight men among their members.  It was one of the largest female representations in a treaty body.  The 192 ratifications to the Convention on the Rights of Persons with Disabilities showed the commitment of the international community to an inclusive and accessible world.  Since the last session, Eritrea had ratified the Convention. In addition, Ireland had ratified the Optional Protocol to the Convention, bringing the States parties to that instrument to 107. 

    Mr. Ori then briefed the Committee on important events and developments related to disability rights at the international level since the Committee’s previous session, including the adoption of the Pact of the Future, the Global Digital Compact, and the Declaration on Future Generations in September 2024 by the General Assembly, which contained several relevant commitments for persons with disabilities. 

    Additionally, on 17 December 2024, the General Assembly adopted resolution 79/149, on “Inclusive development for and with persons with disabilities”, while the Human Rights Council, during its fifty-seventh session, held from 9 September to 11 October 2024, adopted several resolutions relevant to the rights of persons with disabilities. 

    In January 2025, the Office of the High Commissioner for Human Rights published a report on the rights of persons with disabilities and digital technologies and devices, including assistive technologies.  In February, the Office published a report on the human rights dimension of care and support. Mr. Ori said there were several important upcoming events related to disability rights, including the Global Disability Summit, being held on 3 and 4 April in Berlin; the seventeenth session of the Conference of States parties in New York from 11 to 13 June 2025; and during the current fifty-eighth session of the Human Rights Council, where, the Special Rapporteur on the rights of persons with disabilities would introduce her report.

    The Office of the High Commissioner continued its work to support the strengthening of the treaty bodies, with last year being particularly challenging.  In addition to the chronic resource constraints, the liquidity crisis hampered the planning and implementation of work.  Mr. Ori assured the Committee that the Office was doing its utmost to ensure that the Committee and other treaty bodies could implement their mandates.  However, all indications pointed to a continuation of the difficult liquidity situation for the foreseeable future. 

    The treaty body strengthening process remained active and reached a key moment, with the adoption last December of the biennial resolution on the treaty body system by the General Assembly. On Human Rights Day last year, an informal meeting was organised of the Chairs and focal points on working methods. The meeting explored the latest developments on the treaty body system and sought to identify possible ways forward to improve the harmonisation of procedures.  The Office of the High Commissioner would continue to work alongside the Chairs and all the treaty body experts to strengthen the system.

    Mr. Ori said during this session, the Committee would hold dialogues with six parties to the Convention: Canada, Dominican Republic, European Union, Palau, Tuvalu, and Viet Nam, and would also review individual communications under the Optional Protocol.  The Committee would hold a day of general discussion on 20 March 2025 on the right of persons with disabilities to participation in political and public life, aimed to help it to elaborate a general comment on article 29 of the Convention.  Mr. Ori expressed appreciation for the Committee’s work and wished it a successful and productive session.

    Discussion

    In the discussion, some speakers, among other things, sincerely appreciated the efforts of the Committee to promote the rights of persons with disabilities.  They congratulated the new members who had been elected to the Committee. It was clear to see the improvement in gender and regional diversity, which spoke to the Committee’s commitment to diversity and inclusion.  The Committee should be congratulated for its work to advance and monitor the Convention. The general comment on article 29 was key to advancing disability inclusion.  The work done so far on the general comment on article 11 was welcomed. It was crucial to ensure that persons with disabilities were not left behind in any form of conflicts, including in the occupied Palestinian territory. 

    One speaker said 164 States were party to the Ottowa Convention on the prohibition of anti-personnel mines and were required to provide assistance to survivors, families and communities who were victims of mines.  This Convention was the first disarmament convention which acknowledged the rights of those affected by an indiscriminate weapon, setting a positive precedent in the area of humanitarian disarmament.  Most survivors of mines had a disability, meaning the Convention on anti-personnel mines intersected with the Convention on the Rights of Persons with Disabilities. 

    A new five-year action plan, the Siam-Reap action plan, had been adopted in 2024 and included 10 actions linked to assistance to victims, and to the work of the Committee.  Some of the reports to be examined by the Committee were from States parties that had obligations to assist victims under the Convention on anti-personnel mines. The Committee was invited to include questions pertaining to mine survivors to these States. 

    Another speaker said the Convention on Cluster Munitions stood as a landmark humanitarian disarmament treaty, addressing the unacceptable consequences of the use of cluster munitions, and prohibiting the use, transfer and stockpiling of these weapons.  It also established a framework for cooperation ensuring victim assistance, care and rehabilitation for survivors and clearance of contaminated areas. 

    A speaker said disability, gender and discrimination were closely interlinked, with one in five women experiencing a gender-related exclusion.  Work was being done with women and girls with disabilities, including by supporting initiatives and policy work.  Programmes had been launched on mainstreaming disability within the humanitarian response to Ukrainian refugees. 

    The Marrakech Treaty allowed for the production of accessible books across national boundaries for people who were print disabled; 125 countries had joined the treaty since 2013 and Colombia had ratified the treaty last week.  One million titles were now available for cross-border exchange under the treaty.  While many countries had ratified the treaty, its provisions needed to be implemented into national law to allow people who were print disabled to fully benefit from it. Member States that wished to ratify or implement the treaty would be provided with support.

    One speaker said the potential lack of sign language interpretation was a concern; this would break 14 years of ensuring full inclusion of all Committee members and persons with disabilities, which was unacceptable.  Without access to sign language, deaf individuals were denied human rights and were excluded.  It was regretful that the Committee was meeting under circumstances where one of the new members, who was deaf, could not fully participate.  By continuing its thirty-second session, where a member did not have full access, the Committee was complicit in preventing the member from carrying out their full mandate.  It was hoped sign language interpretation would continue this session. The United Nations must ensure the accessibility of their events and meetings for deaf individuals to enable them to participate on an equal footing to other individuals. 

    One speaker said a new organization had been developed to support an inclusive society for all and in every field, including education, labour, welfare and the economy.  In 10 years, the organization had the ambitious goal of 100 billion dollars’ worth of new business creation.  Another speaker said a project was underway to analyse the recommendations on the rights of persons with disabilities extended by the treaty bodies, the Universal Periodic Review, and the Special Procedures to see what degree of United Nations support was being extended to the implementing States. Around 12,108 recommendations had been identified as relating to the rights of persons with disabilities.  The Committee had issued the majority of the recommendations.  On initial analysis, it seemed that implementation of the Convention was falling behind, and a key part of the project would be to understand why. 

    Another speaker said many persons with disabilities were locked in institutions; approximately 8.4 million people were in-patients in mental hospitals every year.  One in 10 people in institutions had been there for over 25 years, according to a study.  In 60 out of 100 countries, people were still being shackled for psychosocial disabilities. During its thirty-second session, the Committee was asked to commit to ending all forms of institutionalisation and to strengthen primary, secondary and community-based mental health care. 

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CRPD25.001E

    MIL OSI United Nations News –

    March 4, 2025

  • MIL-OSI United Nations: Human Right Committee Opens One Hundred and Forty-Third Session

    Source: United Nations – Geneva

    Committee Elects New Chairperson and Bureau, Five New Members Make Solemn Declaration

    The Human Right Committee this morning opened its one hundred and forty-third session, during which it will examine the reports of Albania, Burkina Faso, Haiti, Mongolia, Montenegro and Zimbabwe on their implementation of the provisions of the International Covenant on Civil and Political Rights.  The Committee elected a new Chairperson and Bureau, and five new members made their solemn declaration. 

    In her opening remarks, Wan-Hea Lee, Chief of the Civil, Political, Economic, Social and Cultural Rights Section, Human Rights Council and Treaty Mechanisms Division, Office of the United Nations High Commissioner for Human Rights, and Representative of the Secretary-General, said despite the liquidity situation currently facing the United Nations, the first sessions of all the treaty bodies this year had or were going to take place, thereby allowing the important work undertaken by Committees, including this one, to proceed. 

    The Office of the High Commissioner and the United Nations had and would continue to do their utmost to ensure that the Committee’s work could proceed to the maximum extent possible.

    Ms. Lee said they were living in exceptional times, marked by profound global challenges that tested the resilience of the international legal order.  The international system was going through a tectonic shift, and the human rights edifice that had been built up so painstakingly over decades had never been under so much strain.  The United Nations system, including the Committee, bore a shared responsibility to safeguard and reinforce these hard-fought achievements. Now, more than ever, collective action was necessary to defend the universality of human rights, preserve the integrity of international law, and ensure that it remained a robust shield against further regression.

    In its current session, Ms. Lee said, the Human Rights Council would hold interactive dialogues with the Special Rapporteurs on freedom of religion or belief, on the promotion and protection of human rights and fundamental freedoms while countering terrorism, and on the situation of human rights defenders. Last Tuesday, the Council held its biannual high-level panel discussion on the question of the death penalty, which focused on the contribution of the judiciary towards the abolition of the death penalty.  As of today, 113 countries had abolished the death penalty completely, and the global South was now leading the abolition movement. 

    Next Wednesday morning, 5 March, the Council would hold a panel discussion on early warning and genocide prevention.  The Council encouraged States to intensify conflict risk analysis to assess the risks of the perpetration of genocide and to identify situations where preventive measures might be necessary.  Ms. Lee said the work of the Committee needed to be considered a vital component of such risk assessment.

    Last year was particularly challenging, Ms. Lee stated.  In addition to chronic resource constraints, the liquidity crisis continued to hamper the planning and implementation of the Committee’s work – a point that the Chairs communicated forcefully during their meetings with Member States and other interlocutors in New York.  The Office of the High Commissioner was doing its utmost to ensure that the treaty bodies could implement their mandates, including by highlighting the direct impact that resource limitations had on human rights protection on the ground.  Nevertheless, all indications pointed to a continuation of the difficult liquidity situation for the foreseeable future.

    Ms. Lee said the treaty body strengthening process remained active.  It reached a key moment with the adoption last December of the biennial resolution on the treaty body system by the General Assembly. The resolution invited the treaty bodies and the Office of the High Commissioner to continue to work on coordination and predictability in the reporting process with the aim of achieving a regularised schedule for reporting, and to increase efforts to further use digital technologies.  However, the biennial resolution did not endorse certain detailed proposals, such as the one for an eight-year predictable schedule of reviews.

    On Human Rights Day last year, Ms. Lee said, the Geneva Human Rights Platform organised an informal meeting of the Chairs and focal points on working methods, which explored the latest developments in the treaty body system and sought to improve the harmonisation of procedures.  The Chairs and focal points also had the opportunity to interact with the Coordination Committee of Special Procedures Mandate Holders, discussing independence and actual or potential conflict of interest of experts, and an “all mechanisms” approach to the many challenges the human rights mechanisms were facing.  The High Commissioner’s Office would continue to work alongside the Chairs and all treaty body experts to strengthen the system.

    Ms. Lee said that the Committee had a busy agenda ahead of it, including six States party reviews, the consideration and adoption of eight lists of issues and lists of issues prior to reporting, as well as several individual communications under the Optional Protocol.  It would also hold briefings with various stakeholders.  She closed by wishing the Committee a successful and productive session.

    During the meeting, Changrok Soh (Republic of Korea) was elected as Chair of the Committee, and Wafaa Ashraf Moharram Bassim (Egypt), Hernán Quezada Cabrera (Chile), and Hélène Tigroudja (France) were elected as Vice-Chairs.  The election of a Committee Rapporteur was deferred.  Committee members expressed their support for the newly elected Chair and Bureau members and to the outgoing members.

    Mr. Soh expressed thanks for the Committee’s support and commended the work of former Chair Tania María Abdo Rocholl (Paraguay).  He said human rights were at the heart of his work, and he took on his duties with a strong sense of dedication.  The evolving global landscape and increasing financial pressures on the treaty body system called for increased collaboration.  The treaty bodies needed to leverage new methodologies and technologies to address their challenges.  Mr. Soh said he would do his utmost to deliver on the Committee’s mandate. Through collaboration with various stakeholders, he would work to ensure that the Committee could uphold the civil and political rights of persons worldwide.

    Ms. Abdo Rocholl took the floor to congratulate Mr. Soh and all elected bureau measures, who she expected would take the Committee far in difficult times.  During her tenure, she said, the Committee had held 41 dialogues with States parties, issued 12 lists of issues and 19 lists of issues prior to reporting, analysed five reports on implementation of concluding observations, adopted 610 decisions on individual communications, and delivered three follow-up reports on communications.  It had also implemented changes to finalise lists of issues at an earlier stage and improve the communications review procedure, time management in State party reviews, and document production.  The Committee had worked in a collaborative, harmonious environment, which allowed for the improvement of its work.  Ms. Abdo Rocholl expressed thanks to all who supported her throughout her two-year tenure as Chair.

    The Committee then adopted its agenda and programme of work for the session.

    Laurence R. Helfer, Committee Expert and Chair of the Working Group on individual communications, presented the report on the Working Group’s activities for the one hundred and forty-third session.  He said the Working Group had a very busy session and had extremely rich and interesting discussions.  The cases examined were submitted between 2016 and 2023 and covered 13 States parties from different regions, as well as different themes ranging from arbitrary deprivation of the right to life to forced pregnancy and forced maternity, non-refoulement, voting rights, forced displacement of indigenous communities, arbitrary detention, right to freedom of religion and belief, and right to freedom of expression and peaceful assembly.  Regarding the 20 drafts examined and 44 communications covered, the Working Group submitted to the plenary for its consideration four inadmissibility proposals, one proposal of no violation; 36 proposals of violations; and two proposals with two options.  The report was adopted.

    New members elected to the Committee made their solemn declaration.  They are Carlos Ramón Fernández Liesa (Spain), Konstantin Korkelia (Georgia), Dalia Leinarte (Lithuania), Akmal Kholmatovich Saidov (Uzbekistan), and Ivan Šimonovic (Croatia).  Ms. Abdo Rocholl, Mr. Soh and Ms. Bassim, as well as Mahjoub El Haiba (Morocco) and Imeru Tamerat Yigezu (Ethiopia), were re-elected to the Committee.

    The Human Rights Committee’s one hundred and forty-third session is being held from 3 to 28 March 2025.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 3 p.m. on Tuesday, 4 March, to begin its consideration of the second periodic report of Montenegro (CCPR/C/MNE/2).

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CCPR25.001E

    MIL OSI United Nations News –

    March 4, 2025

  • MIL-OSI USA: Station Science Top News: Feb. 27, 2025

    Source: NASA

    Preventing biofilm formation in space

    Two anti-microbial coatings reduced formation of biofilms in microgravity and have potential for use in space. Controlling biofilms could help protect human health and prevent corrosion and degradation of equipment on future long-duration space missions.
    Biofilms, communities of microorganisms that attach to a surface, can damage mechanical systems and present a risk of disease transmission. Bacteria Resistant Polymers in Space examined how microgravity affects polymer materials designed to prevent or reduce biofilm formation. Better anti-fouling coatings also could reduce disease transmission on Earth.
    Evaluating organ changes in lunar gravity

    Researchers found different changes in gene expression and other responses to simulated lunar gravity levels in specific organs. This finding could help determine safe gravity thresholds and support development of ways to maintain skeletal and immune function on future space journeys.
    Spaceflight can affect skeletal and immune system function, but the molecular mechanisms of these changes are not clear. Mouse Epigenetics, a JAXA (Japan Aerospace Exploration Agency) investigation, studied gene expression changes in mice that spent a month in space and in the DNA of their offspring. Results could help determine spaceflight’s long-term effects on genetic activity, including changes within individual organs and those that can be inherited later.
    Performance report for cosmic ray observatory

    Researchers report on-orbit performance from the first 8 years of operation of the International Space Station’s cosmic ray observatory, CALET. The instrument has provided valuable data on cosmic ray, proton, and helium spectra; produced a gamma-ray sky map; observed gamma-ray bursts; and searched for gravitational wave counterparts and solar effects.
    The JAXA CALorimetric Electron Telescope or CALET helps address questions such as the origin and acceleration of cosmic rays and the existence of dark matter and nearby cosmic-ray sources. The instrument also could help characterize risks from the radiation environment that humans and electronics experience in space.

    MIL OSI USA News –

    March 4, 2025

  • MIL-OSI USA: Don’t Wait to Apply for FEMA Assistance in North Carolina

    Source: US Federal Emergency Management Agency

    Headline: Don’t Wait to Apply for FEMA Assistance in North Carolina

    Don’t Wait to Apply for FEMA Assistance in North Carolina

    HICKORY, N.C. – If you had uninsured losses from Tropical Storm Helene, don’t wait any longer to apply for financial help from FEMA. The deadline for applications is Saturday, March 8.FEMA may be able to help with temporary lodging, basic home repairs, personal property loss or other disaster-caused needs. Homeowners and renters in these counties can apply: Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes and Yancey; and members of the Eastern Band of Cherokee Indians.There are several ways to apply: Visit a Disaster Recovery Center, go online to DisasterAssistance.gov, use the FEMA App, or call 800-621-3362. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other, give FEMA your number for that service. To find a Disaster Recovery Center, go online to fema.gov/drc or text DRC & your ZIP code to 43362.To view an accessible video on how to apply visit Three Ways to Apply for FEMA Disaster Assistance – YouTube. 
    angela.ambroise
    Mon, 03/03/2025 – 18:36

    MIL OSI USA News –

    March 4, 2025

  • MIL-OSI USA: Going With the Flow: Visualizing Ocean Currents with ECCO

    Source: NASA

    Historically, the ocean has been difficult to model. Scientists struggled in years past to simulate ocean currents or accurately predict fluctuations in temperature, salinity, and other properties. As a result, models of ocean dynamics rapidly diverged from reality, which meant they could only provide useful information for brief periods.
    In 1999, a project called Estimating the Circulation and Climate of the Ocean (ECCO) changed all that. By applying the laws of physics to data from multiple satellites and thousands of floating sensors, NASA scientists and their collaborators built ECCO to be a realistic, detailed, and continuous ocean model that spans decades. ECCO enabled thousands of scientific discoveries, and was featured during the announcement of the Nobel Prize for Physics in 2021.
    NASA ECCO is a powerful integrator of decades of ocean data, narrating the story of Earth’s changing ocean as it drives our weather, and sustains marine life.
    The ECCO project includes hundreds of millions of real-world measurements of temperature, salinity, sea ice concentration, pressure, water height, and flow in the world’s oceans. Researchers rely on the model output to study ocean dynamics and to keep tabs on conditions that are crucial for ecosystems and weather patterns. The modeling effort is supported by NASA’s Earth science programs and by the international ECCO consortium, which includes researchers from NASA’s Jet Propulsion Laboratory in Southern California and eight research institutions and universities.
    The project provides models that are the best possible reconstruction of the past 30 years of the global ocean. It allows us to understand the ocean’s physical processes at scales that are not normally observable.

    Large-scale wind patterns around the globe drag ocean surface waters with them, creating complex currents, including some that flow toward the western sides of the ocean basins. The currents hug the eastern coasts of continents as they head north or south from the equator: These are the western boundary currents. The three most prominent are the Gulf Stream, Agulhas, and Kuroshio. NASA Goddard’s Scientific Visualization Studio.

    Seafarers have known about the Gulf Stream — the Atlantic Ocean’s western boundary current — for more than 500 years. By the volume of water it moves, the Gulf Stream is the largest of the western boundary currents, transporting more water than all the planet’s rivers combined.
    In 1785, Benjamin Franklin added it to maritime charts showing the current flowing up from the Gulf, along the eastern U.S. coast, and out across the North Atlantic. Franklin noted that riding the current could improve a ship’s travel time from the Americas to Europe, while avoiding the current could shorten travel times when sailing back.

    Franklin’s charts showed a smooth Gulf Stream rather than the twisted, swirling path revealed in ECCO data. And Franklin couldn’t have imagined the opposing flow of water below the Gulf Stream. The countercurrent runs at depths of about 2,000 feet (600 meters) in a cold river of water that is roughly the opposite of the warm Gulf Stream at the surface. The submarine countercurrent is clearly visible when the upper layers in the ECCO model are peeled away in visualizations.
    The Gulf Stream is a part of the Atlantic Meridional Overturning Circulation (AMOC), which moderates climate worldwide by transporting warm surface waters north and cool underwater currents south. The Gulf Stream, in particular, stabilizes temperatures of the southeastern United States, keeping the region warmer in winter and cooler in summer than it would be without the current. After the Gulf Stream crosses the Atlantic, it tempers the climates of England and the European coast as well.

    The Agulhas Current flows south along the western side of the Indian Ocean. When it reaches the southern tip of Africa, it sheds swirling vortices of water called Agulhas Rings. Sometimes persisting for years, the rings glide across the Atlantic toward South America, transporting small fish, larvae, and other microorganisms from the Indian Ocean. 
    Researchers using the ECCO model can study Agulhas Current flow as it sends warm, salty water from the tropics in the Indian Ocean toward the tip of South Africa. The model helps tease out the complicated dynamics that create the Agulhas rings and large loop of current called a supergyre that surrounds the Antarctic. The Southern Hemisphere supergyre links the southern portions of other, smaller current loops (gyres) that circulate in the southern Atlantic, Pacific, and Indian oceans. Together with gyres in the northern Atlantic and Pacific, the southern gyres and Southern Hemisphere supergyre influence climate while transporting carbon around the globe. 

    In addition to affecting global weather patterns and temperatures, western boundary currents can drive vertical flows in the oceans known as upwellings. The flows bring nutrients up from the depths to the surface, where they act as fertilizer for phytoplankton, algae, and aquatic plants.
    The Kuroshio Current that runs on the west side of the Pacific Ocean and along the east side of Japan has recently been associated with upwellings that enrich coastal fishing waters. The specific mechanisms that cause the vertical flows are not entirely clear. Ocean scientists are now turning to ECCO to tease out the connection between nutrient transport and currents like the Kuroshio that might be revealed in studies of the water temperature, density, pressure, and other factors included in the ECCO model.

    When viewed through the lens of ECCO’s temperature data, western boundary currents carry warm water away from the tropics and toward the poles. In the case of the Gulf Stream, as the current moves to far northern latitudes, some of the saltwater freezes into salt-free sea ice. The saltier water left behind sinks and then flows south all the way toward the Antarctic before rising and warming in other ocean basins. 

    Currents also move nutrients and salt throughout Earth’s ocean basins. Swirling vortexes of the Agulhas rings stand out in ECCO temperature and salinity maps as they move warm, salty water from the Indian Ocean into the Atlantic.

    ECCO offers researchers a way to run virtual experiments that would be impractical or too costly to perform in real oceans. Some of the most important applications of the ECCO model are in ocean ecology, biology, and chemistry. Because the model shows where the water comes from and where it goes, researchers can see how currents transport heat, minerals, nutrients, and organisms around the planet. 
    In prior decades, for example, ocean scientists relied on extensive temperature and salinity measurements by floating sensors to deduce that the Gulf Stream is primarily made of water flowing past the Gulf rather than through it. The studies were time-consuming and expensive. With the ECCO model, data visualizers at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, virtually replicated the research in a simulation that was far quicker and cheaper.

    The example illustrated here relies on ECCO to track the flow of water by virtually filling the Gulf with 115,000 particles and letting them move for a year in the model. The demonstration showed that less than 1% of the particles escape the Gulf to join the Gulf Stream. 
    Running such particle-tracking experiments within the ocean circulation models helps scientists understand how and where environmental contaminants, such as oil spills, can spread.

    Today, researchers turn to ECCO for a broad array of studies. They can choose ECCO modeling products that focus on one feature – such as global flows or the biology and chemistry of the ocean – or they can narrow the view to the poles or specific ocean regions. Every year, more than a hundred scientific papers include data and analyses from the ECCO model that delve into our oceans’ properties and dynamics. 

    [embedded content]
    Credits: Kathleen Gaeta Greer/ NASA’s Scientific Visualization Studio 

    Composed by James Riordon / NASA’s Earth Science News Team
    Information in this piece came from the resources below and interviews with the following sources: Nadya Vinogradova Shiffer, Dimitris Menemenlis, Ian Fenty, and Atousa Saberi.  

    Liao, F., Liang, X., Li, Y., & Spall, M. (2022). Hidden upwelling systems associated with major western boundary currents. Journal of Geophysical Research: Oceans, 127(3), e2021JC017649.
    Richardson, P. L. (1980). The Benjamin Franklin and Timothy Folger charts of the Gulf Stream. In Oceanography: The Past: Proceedings of the Third International Congress on the History of Oceanography, held September 22–26, 1980 at the Woods Hole Oceanographic Institution, Woods Hole, Massachusetts, USA on the occasion of the Fiftieth Anniversary of the founding of the Institution (pp. 703-717). New York, NY: Springer New York.
    Biastoch, A., Rühs, S., Ivanciu, I., Schwarzkopf, F. U., Veitch, J., Reason, C., … & Soltau, F. (2024). The Agulhas Current System as an Important Driver for Oceanic and Terrestrial Climate. In Sustainability of Southern African Ecosystems under Global Change: Science for Management and Policy Interventions (pp. 191-220). Cham: Springer International Publishing.
    Lee-Sánchez, E., Camacho-Ibar, V. F., Velásquez-Aristizábal, J. A., Valencia-Gasti, J. A., & Samperio-Ramos, G. (2022). Impacts of mesoscale eddies on the nitrate distribution in the deep-water region of the Gulf of Mexico. Journal of Marine Systems, 229, 103721.

    MIL OSI USA News –

    March 4, 2025
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