Category: Asia

  • MIL-OSI Global: The gold price has surged to record highs. What’s behind the move?

    Source: The Conversation – Global Perspectives – By Dirk Baur, Professor of Finance, The University of Western Australia

    The gold price has surged to a new all-time high above US$2,900 (A$4,544) an ounce this month.

    It has risen by 12% since the start of the year and clearly outperformed US and Australian stock markets. The US stock index S&P500 is up 4% and the ASX 200 has gained just 2% in that time.

    That follows an extraordinary run in 2024, when the precious metal surged 27%, the biggest rise in 14 years.

    The drivers behind this surge include heightened uncertainty and fear of inflation that has been stoked by US President Donald Trump’s threats of tariffs, together with increased demand from central banks.



    What explains gold’s recent rally?

    There are many factors at play.

    The supply of gold through gold mine production and recycling is relatively constant over time. But the demand is more variable, and consists of four major components: jewellery, technology, investment and central banks.

    In 2024, jewellery accounted for about 50% of total demand, technology or industrial demand was 5%, investment demand was 25% and central bank demand was 20%.

    Investment demand refers to investors who buy gold as an asset. Central banks generally buy gold to diversify their reserve holdings.

    As all four demand components vary over time (some more than others), gold price movements are sometimes driven by jewellery demand, sometimes by investor demand, and sometimes – as has happened recently – by central bank demand.

    What adds to the difficulty is that both the gold supply and gold demand are global. The supply comes from gold mines across the globe, from emerging countries in Africa and industrial countries such as Australia and Canada.

    The same is true for demand. While China and India dominate jewellery demand, the demand comes from many countries, as does investment demand. Central bank demand stems from large and small central banks around the world.

    Why is there demand for gold?

    One key reason for the popularity of gold is that it is considered to be a store of value. This means gold rises with inflation and maintains its value in the long run.

    In other words, an ounce of gold buys the same basket of goods (or more) today than 20 years ago. This is not the case for money (or fiat currency) such as the US or Australian dollars.

    Due to inflation, the value of money is not constant but depreciates over time. Because gold holds its value, it is also called an inflation hedge.

    While the store of value property holds in the long run, there is another important property that is more short-lived and particularly relevant during crisis periods.

    Gold is seen as a safe haven in troubled times

    The safe haven property of gold means gold prices increase when investors seek shelter in response to a shock or crisis. For example, investors bought gold in reaction to the September 11 2001 terrorist attacks, the start of the global financial crisis in 2008, and the outbreak of COVID in 2020.

    The safe haven effect of gold is generally short-lived, often resulting in falling gold prices after about 15 days.

    Russia’s invasion of Ukraine in February 2022, and the subsequent sanctions on Russia – especially the freeze of Russia’s foreign government bond holdings abroad – has highlighted the risk to governments of losing access to foreign currency holdings.

    It appears some governments or central banks reacted to this with increased gold purchases. This led to a record high of 1,082 tonnes of central bank gold purchases in 2022.

    2023 saw the second-highest annual purchase in history at 1,051 tonnes, followed by 1,041 tonnes in 2024.

    The potential reaction of central banks to the Russian invasion of Ukraine is akin to investors seeking a safe haven, but is a rather new phenomenon for central banks.



    There is an additional, secondary, effect of such central bank purchases and rebalancing from US dollars to gold.

    Selling US dollars for gold implies a weakening US dollar, which increases the price of gold. (If the US dollar weakens, you need more US dollars to buy gold.) The inverse relationship between gold prices and currencies also makes gold a currency hedge. That means gold can protect investors from potential losses due to fluctuating exchange rates. This effect is particularly strong for rather volatile currencies such as the Australian dollar.

    In contrast to the shock caused by the Russian invasion of Ukraine, the more recent increase in gold prices is harder to associate with a single shock.

    Broader economic worries

    The election of Trump has not only increased the risk of higher inflation due to tariffs and a trade war, it has also increased geopolitical risk as the US government reassesses its alliances with other countries.

    The relative unpredictability of Trump compared with his predecessors and with politicians more generally may have increased uncertainty and gold prices.
    The recent gold price trend highlights that “gold loves bad news”.

    Gold prices may anticipate geopolitical shocks or higher inflation. Gold prices rose well before inflation increased after the pandemic and started to fall when inflation had peaked in 2022.

    It is not clear exactly why gold has risen to all-time highs in 2025, but it’s possibly not good news for the world economy.

    Dirk Baur 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. The gold price has surged to record highs. What’s behind the move? – https://theconversation.com/the-gold-price-has-surged-to-record-highs-whats-behind-the-move-250391

    MIL OSI – Global Reports

  • MIL-Evening Report: The gold price has surged to record highs. What’s behind the move?

    Source: The Conversation (Au and NZ) – By Dirk Baur, Professor of Finance, The University of Western Australia

    The gold price has surged to a new all-time high above US$2,900 (A$4,544) an ounce this month.

    It has risen by 12% since the start of the year and clearly outperformed US and Australian stock markets. The US stock index S&P500 is up 4% and the ASX 200 has gained just 2% in that time.

    That follows an extraordinary run in 2024, when the precious metal surged 27%, the biggest rise in 14 years.

    The drivers behind this surge include heightened uncertainty and fear of inflation that has been stoked by US President Donald Trump’s threats of tariffs, together with increased demand from central banks.



    What explains gold’s recent rally?

    There are many factors at play.

    The supply of gold through gold mine production and recycling is relatively constant over time. But the demand is more variable, and consists of four major components: jewellery, technology, investment and central banks.

    In 2024, jewellery accounted for about 50% of total demand, technology or industrial demand was 5%, investment demand was 25% and central bank demand was 20%.

    Investment demand refers to investors who buy gold as an asset. Central banks generally buy gold to diversify their reserve holdings.

    As all four demand components vary over time (some more than others), gold price movements are sometimes driven by jewellery demand, sometimes by investor demand, and sometimes – as has happened recently – by central bank demand.

    What adds to the difficulty is that both the gold supply and gold demand are global. The supply comes from gold mines across the globe, from emerging countries in Africa and industrial countries such as Australia and Canada.

    The same is true for demand. While China and India dominate jewellery demand, the demand comes from many countries, as does investment demand. Central bank demand stems from large and small central banks around the world.

    Why is there demand for gold?

    One key reason for the popularity of gold is that it is considered to be a store of value. This means gold rises with inflation and maintains its value in the long run.

    In other words, an ounce of gold buys the same basket of goods (or more) today than 20 years ago. This is not the case for money (or fiat currency) such as the US or Australian dollars.

    Due to inflation, the value of money is not constant but depreciates over time. Because gold holds its value, it is also called an inflation hedge.

    While the store of value property holds in the long run, there is another important property that is more short-lived and particularly relevant during crisis periods.

    Gold is seen as a safe haven in troubled times

    The safe haven property of gold means gold prices increase when investors seek shelter in response to a shock or crisis. For example, investors bought gold in reaction to the September 11 2001 terrorist attacks, the start of the global financial crisis in 2008, and the outbreak of COVID in 2020.

    The safe haven effect of gold is generally short-lived, often resulting in falling gold prices after about 15 days.

    Russia’s invasion of Ukraine in February 2022, and the subsequent sanctions on Russia – especially the freeze of Russia’s foreign government bond holdings abroad – has highlighted the risk to governments of losing access to foreign currency holdings.

    It appears some governments or central banks reacted to this with increased gold purchases. This led to a record high of 1,082 tonnes of central bank gold purchases in 2022.

    2023 saw the second-highest annual purchase in history at 1,051 tonnes, followed by 1,041 tonnes in 2024.

    The potential reaction of central banks to the Russian invasion of Ukraine is akin to investors seeking a safe haven, but is a rather new phenomenon for central banks.



    There is an additional, secondary, effect of such central bank purchases and rebalancing from US dollars to gold.

    Selling US dollars for gold implies a weakening US dollar, which increases the price of gold. (If the US dollar weakens, you need more US dollars to buy gold.) The inverse relationship between gold prices and currencies also makes gold a currency hedge. That means gold can protect investors from potential losses due to fluctuating exchange rates. This effect is particularly strong for rather volatile currencies such as the Australian dollar.

    In contrast to the shock caused by the Russian invasion of Ukraine, the more recent increase in gold prices is harder to associate with a single shock.

    Broader economic worries

    The election of Trump has not only increased the risk of higher inflation due to tariffs and a trade war, it has also increased geopolitical risk as the US government reassesses its alliances with other countries.

    The relative unpredictability of Trump compared with his predecessors and with politicians more generally may have increased uncertainty and gold prices.
    The recent gold price trend highlights that “gold loves bad news”.

    Gold prices may anticipate geopolitical shocks or higher inflation. Gold prices rose well before inflation increased after the pandemic and started to fall when inflation had peaked in 2022.

    It is not clear exactly why gold has risen to all-time highs in 2025, but it’s possibly not good news for the world economy.

    Dirk Baur 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. The gold price has surged to record highs. What’s behind the move? – https://theconversation.com/the-gold-price-has-surged-to-record-highs-whats-behind-the-move-250391

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: President Lai meets Japanese House of Representatives Member Tamaki Yuichiro

    Source: Republic of China Taiwan

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

    Details
    2025-02-21
    President Lai attends opening of 2025 Halifax Taipei forum
    On the afternoon of February 20, President Lai Ching-te attended the opening of the 2025 Halifax Taipei forum. In remarks, President Lai thanked the Halifax International Security Forum for their strong support for Taiwan, and for having chosen Taiwan as the first location outside North America to hold a forum. Noting that we face a complex global landscape, the president called on the international community to take action. He said that as authoritarianism consolidates, democratic nations must also come closer in solidarity, and called on the international community to create non-red global supply chains, as well as unite to usher in peace. President Lai emphasized that Taiwan will work toward maintaining peace and stability in the Taiwan Strait, and collaborate with democratic partners to form a global alliance for the AI chip industry and together greet a bright, new era. A transcript of President Lai’s remarks follows: To begin, I want to give a warm welcome to all the distinguished guests here at the very first Halifax Taipei forum. The Halifax International Security Forum, held every year in Canada, has been an important gathering for freedom-loving nations worldwide. I would like to thank Halifax and President [Peter] Van Praagh for their strong support for Taiwan. Every year since 2018, Taiwan has been invited to participate in the forum. Last year, former President Tsai Ing-wen was invited to speak, and this year, Halifax has chosen Taiwan as the first location outside North America to hold a forum. As President Van Praagh has said, “While the security challenges ahead are too big for any single country to solve alone, there is no challenge that can’t be met when the world’s democracies work together.” Today, we have world leaders and experts who traveled from afar to be here, showing that they value and support Taiwan. It demonstrates solidarity among democracies and the determination to take on challenges as one. I would like to express my gratitude and admiration to all of you for serving as defenders of freedom. At this very moment, Russia’s invasion of Ukraine is still ongoing. Authoritarian regimes including China, Russia, North Korea, and Iran continue to consolidate. China is hurting economies around the world through its dumping practices. We face grave challenges to global economic order, democracy, freedom, peace, and stability. Taiwan holds a key position on the first island chain, directly facing an authoritarian threat. But we will not be intimidated. We will stand firm and safeguard our national sovereignty, maintain our free and democratic way of life, and uphold peace and stability across the Taiwan Strait. Taiwan cherishes peace, but we also have no delusions about peace. We will uphold the spirit of peace through strength, using concrete actions to build a stronger Taiwan and bolster the free and democratic community. I sincerely thank the international community for continuing to attach importance to the situation in the Taiwan Strait. Recently, US President Donald Trump and Japan’s Prime Minister Ishiba Shigeru issued a joint leaders’ statement expressing their firm support for peace and stability across the Taiwan Strait, and for Taiwan’s participation in international affairs. As we face a complex global landscape, I call on the international community to take the following actions: First, as authoritarianism consolidates, democratic nations must also come closer in solidarity. Just a few days ago, the top diplomats of the US, Japan, and South Korea held talks, underlining the importance of maintaining peace and stability across the Taiwan Strait. They also conveyed their stance against “any effort to destabilize democratic institutions, economic independence, and global security.” On these issues, Taiwan will also continue to contribute its utmost. I recently announced that we will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP.  Soon after I assumed office last year, I formed the Whole-of-Society Defense Resilience Committee at the Presidential Office. This committee aims to combine the strengths of government and civil society to enhance our resilience in national defense, economic livelihoods, disaster prevention, and democracy. We will also deepen our strategic partnerships in the democratic community to mutually increase defense resilience, demonstrate deterrence, and achieve our goal of peace throughout the world. Second, let’s create non-red global supply chains.  For the democratic community to deter the expansion of authoritarianism, it must have strong technological capabilities. These can serve as the backbone of national defense, promote industrial development, and enhance economic resilience. So, in addressing China’s red supply chain and the impact of its dumping, Taiwan is willing and able to work with global democracies to maintain the technological strengths among our partners and build resilient non-red supply chains. As a major semiconductor manufacturing nation, Taiwan will introduce an initiative on semiconductor supply chain partnerships for global democracies. We will collaborate with our democratic partners to form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. The achievements of today’s semiconductor industry in Taiwan can be attributed to our collective efforts. Government, industry, academia, and research institutions had to overcome various challenges over the last 50 years for us to secure this position.  We hope Taiwan can serve as a base for linking the capabilities of our democratic partners so that each can play a suitable role in the semiconductor industry chain and develop its own strengths, deepening our mutually beneficial cooperation in technology. This benefits all of us. Moreover, it allows us to further enhance deterrence and maintain global security. Third, let’s unite to usher in peace. China has not stopped intimidating Taiwan politically and militarily. Last year, China launched several large-scale military exercises in the Taiwan Strait. Its escalation of gray-zone aggression now poses a grave threat to the peace and stability of the Indo-Pacific region. As a responsible member of the international community, Taiwan will maintain the status quo. We will not seek conflict. Rather, we are willing to engage in dialogue with China, under the principles of parity and dignity, and work toward maintaining peace and stability in the Taiwan Strait. As the agenda of this forum suggests, democracy and freedom create more than just opportunities; they also bring resilience, justice, partnerships, and security. Taiwan will continue working alongside its democratic partners to greet a bright, new era. Once again, a warm welcome to all of you. I wish this forum every success. Thank you. Also in attendance at the event were Mrs. Abe Akie, wife of the late former Prime Minister Abe Shinzo of Japan, and Halifax International Security Forum President Van Praagh.

    Details
    2025-02-21
    President Lai meets British-Taiwanese All-Party Parliamentary Group delegation
    On the morning of February 18, President Lai Ching-te met with a delegation from the British-Taiwanese All-Party Parliamentary Group (APPG). In remarks, President Lai thanked the delegation members, the Parliament of the United Kingdom, and the UK government for continuing to demonstrate support for Taiwan through a variety of means. He also stated that Taiwan-UK relations have advanced significantly in recent years, noting that the Taiwan-UK Enhanced Trade Partnership (ETP) is the first institutionalized economic and trade framework signed between Taiwan and any European country. The president said he looks forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability, and indicated that together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. A translation of President Lai’s remarks follows: This is the first UK parliamentary delegation of the current session to visit Taiwan. On behalf of the people of Taiwan, I extend my sincerest welcome to you all. APPG Chair Sarah Champion visited Taiwan last May to attend the inauguration ceremony of myself and Vice President Bi-khim Hsiao. In July, she also attended the annual summit of the Inter-Parliamentary Alliance on China (IPAC), which was held in Taipei. I am delighted that we are meeting once again. Taiwan-UK relations have advanced significantly in recent years. I would especially like to thank our distinguished guests, as well as the UK Parliament and government, for continuing to demonstrate support for Taiwan through a variety of means. For example, the House of Commons held a debate on Taiwan’s international status last November. After the debate, a motion was unanimously passed affirming that United Nations General Assembly (UNGA) Resolution 2758 does not mention Taiwan. Responding to the motion, Parliamentary Under-Secretary of State Catherine West stated that the UK opposes any attempt to broaden the interpretation of the resolution to rewrite history. This highlighted concrete progress in Taiwan-UK bilateral relations. I would also like to thank the UK Parliament and government for openly opposing on multiple occasions any unilateral change to the status quo across the Taiwan Strait, and for emphasizing that the security of the Indo-Pacific and transatlantic regions is closely intertwined. We look forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability. Together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. For example, the Taiwan-UK ETP is the first institutionalized economic and trade framework signed between Taiwan and any European country. We hope to swiftly conclude negotiations on signing sub-arrangements on investment, digital trade, and energy and net-zero transition. This will facilitate even more exchanges and cooperation between Taiwan and the UK. We also hope that the UK will continue to support Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Together, we can build even more resilient global supply chains and further contribute to global prosperity and development. I believe that this visit adds to a strong and solid foundation for future Taiwan-UK cooperation. Thank you once again for backing Taiwan. I wish you a fruitful and successful visit. Chair Champion then delivered remarks, thanking President Lai for his warm welcome and for the hospitality he has shown to her and the delegation, and thanking Taiwan’s excellent team of officials for their care and attention. Chair Champion expressed that she thinks the IPAC conference held in Taiwan at the end of July last year was very significant, with legislators from 23 countries coming to show support for Taiwan, adding that that is something they have built on since the conference. She stated that she is also very proud that the UK Parliament supported the motion which made very clear that UNGA Resolution 2758 is specific to China and only to China, expressing that it was important and powerful that they recognize that. The chair went on to say that after the UK’s general election, more than half of the members of parliament are now new. She said she is very proud that there are new MPs as part of the delegation, and that she hopes it gives President Lai reassurance that their commitment to Taiwan is still there.  Chair Champion emphasized that the all-party group is important because it is indeed all-party, and that they work together for their common interests, stating that the common interest for the UK and for the world is to maintain Taiwan’s sovereignty. She also noted that the United States has now come out very much in support of Taiwan, which she said she hopes encourages other countries around the world to do the same. Chair Champion said that the UK will be going into the 27th trade negotiation with Taiwan, and that they hope the partnership that develops is very fruitful. The chair closed by saying that it is wonderful for the delegation to be meeting President Lai, as well as legislators and ministers, and to be understanding more about the culture of Taiwan so that they can build a deeper, longer-lasting friendship. The delegation also included Lord Purvis of Tweed of the House of Lords and Members of Parliament Ben Spencer, Helena Dollimore, Noah Law, and David Reed. The delegation was accompanied to the Presidential Office by Political and Communications Director at the British Office in Taipei Natasha Harrington.  

    Details
    2025-02-21
    President Lai meets former United States Deputy National Security Advisor Matthew Pottinger
    On the morning of February 17, President Lai Ching-te met with a delegation led by former United States Deputy National Security Advisor Matthew Pottinger. In remarks, President Lai thanked the delegation for demonstrating staunch support for Taiwan through their visit. The president pointed out that increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. He emphasized that only by bolstering our defense capabilities can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. The president stated that moving forward, Taiwan will continue to enhance its self-defense capabilities. He also expressed hope of strengthening the Taiwan-US partnership and jointly building secure and resilient non-red supply chains so as to ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. A translation of President Lai’s remarks follows: I am delighted to welcome our good friends Mr. Pottinger and retired US Rear Admiral Mr. Mark Montgomery to Taiwan once again. Last June, Mr. Pottinger and Mr. Ivan Kanapathy came to Taiwan to launch their new book The Boiling Moat. During that visit, they also visited the Presidential Office. We held an extensive exchange of views on Taiwan-US relations and regional affairs right here in the Taiwan Heritage Room. Now, as we meet again eight months later, I am pleased to learn that Mr. Kanapathy is now serving on the White House National Security Council. The Mandarin translation of The Boiling Moat is also due to be released in Taiwan very soon. This book offers insightful observations from US experts regarding US-China-Taiwan relations and valuable advice for the strengthening of Taiwan’s national defense, security, and overall resilience. I am sure that Taiwanese readers will benefit greatly from it. I understand that this is Mr. Montgomery’s fourth visit to Taiwan and that he has long paid close attention to Taiwan-related issues. I look forward to an in-depth discussion with our two friends on the future direction of Taiwan-US relations and cooperation. Increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. One notion we all share is peace through strength. That is, only by bolstering our defense capabilities and fortifying our defenses can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. Moving forward, Taiwan will continue to enhance its self-defense capabilities. We also hope to strengthen the Taiwan-US partnership in such fields as security, trade and the economy, and energy. In addition, we will advance cooperation in critical and innovative technologies and jointly build secure and resilient non-red supply chains. This will ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. We believe that closer Taiwan-US exchanges and cooperation not only benefit national security and development but also align with the common economic interests of Taiwan and the US. I want to thank Mr. Pottinger and Mr. Montgomery once again for visiting and for continuing to advance Taiwan-US exchanges, demonstrating staunch support for Taiwan. Let us continue to work together to deepen Taiwan-US relations. I wish you a smooth and fruitful visit.  Mr. Pottinger then delivered remarks, first congratulating President Lai on his one-year election anniversary and on the state of the economy, which, he added, is doing quite well. Mentioning President Lai’s recent statement pledging to increase Taiwan’s defense budget to above 3 percent of GDP, Mr. Pottinger said he thinks that the benchmark is equal to what the US spends on its defense and that it is a good starting point for both countries to build deterrence. Echoing the president’s earlier remarks, Mr. Pottinger said that peace through strength is the right path for the US and for Taiwan right now at a moment when autocratic, aggressive governments are on the march. He then paraphrased the words of former US President George Washington in his first inaugural address, saying that the best way to keep the peace is to be prepared at all times for war, which captures the meaning of peace through strength. In closing, he said he looks forward to exchanging views with President Lai.

    Details
    2025-02-21
    President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini
    On the afternoon of February 11, President Lai Ching-te met with a delegation led by Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini. In remarks, President Lai thanked Eswatini for continuing to support Taiwan’s international participation at international venues. The president stated that Taiwan and Eswatini work closely in such areas as agriculture, the economy and trade, education, and healthcare, and expressed hope that the two countries will continue to support each other on the international stage and strive together for the well-being of both peoples.  A translation of President Lai’s remarks follows: I warmly welcome our distinguished guests to the Presidential Office. Deputy Prime Minister Dladla previously visited Taiwan while serving as minister of foreign affairs. This is her first time leading a delegation here as deputy prime minister. I want to extend my sincerest welcome. Deputy Prime Minister Dladla has earned a high degree of recognition and trust from His Majesty King Mswati III. She was not only Eswatini’s first woman foreign minister, but is also the second woman to have held her current key position. She shows an active interest in people’s welfare, and has a reputation for being deeply devoted to her compatriots. I have great admiration for this. I am truly delighted to meet with Deputy Prime Minister Dladla today. I would like to take this opportunity to once again express my gratitude to His Majesty the King for leading a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao last year. This demonstrated the close diplomatic ties between our countries. I also want to thank Eswatini for continuing to support Taiwan’s international participation at international venues. I would ask that when Deputy Prime Minister Dladla returns to Eswatini, she conveys Taiwan’s greetings and gratitude to His Majesty the King and Her Majesty the Queen Mother Ntombi Tfwala. Diplomatic ties between Taiwan and Eswatini have endured for over half a century. Our two nations have continued to work closely in such areas as agriculture, the economy and trade, education, and healthcare. Our largest collaboration to date has been assisting Eswatini in the construction of a strategic oil reserve facility. We will continue to push forward with this project, and look forward to achieving even greater results in all areas. I understand that Deputy Prime Minister Dladla is very concerned about issues regarding gender equality and women’s empowerment. During her term as foreign minister, she facilitated bilateral cooperation in those areas. Now, as deputy prime minister, she is actively attending to the disadvantaged and advancing social welfare. These policies are very much in line with the priorities of my administration. I look forward to strengthening cooperation with Deputy Prime Minister Dladla for the benefit of both our societies. Taiwan and Eswatini are peace-loving nations. Faced with a constantly changing international landscape and the growing threat posed by authoritarianism, we hope that our two countries will continue to support each other on the international stage and strive together for the well-being of both our peoples. In closing, I wish Deputy Prime Minister Dladla and our distinguished guests a pleasant and successful visit. Deputy Prime Minister Dladla then delivered remarks, first greeting President Lai on behalf of the King, the Queen Mother, and the people of Eswatini, and extending gratitude for the warm reception afforded to her and her delegation, which underscores the strong bonds of friendship between our two nations. The deputy prime minister stated that, in reflecting on the fruits of our partnership, the evidence of Taiwan’s commitment to Eswatini is all around us. The strategic oil reserve project launching in April, she indicated, will redefine Eswatini’s energy security, and the Central Bank complex and electrification project stand as monuments of Taiwan’s vision for Eswatini’s progress and indicate that our partnerships are very strong. Deputy Prime Minister Dladla pointed out that education is the foundation of any nation’s progress, and that Taiwan’s contribution to Eswatini’s education sector cannot be overstated. Through Ministry of Foreign Affairs scholarship programs, she said, Eswatini has sent numerous students to Taiwan, where they’ve received world-class education in various disciplines, including engineering, business, and medicine. In turn, she said, these graduates are now contributing to the development of Eswatini. The deputy prime minister stated that Taiwan has also strengthened Eswatini’s industrial and technological sectors, with collaborations and partnerships that create new opportunities for employment and innovation, and that Taiwan’s technical and medical assistance has strengthened Eswatini’s healthcare systems and uplifted the expertise of its professionals. Deputy Prime Minister Dladla also congratulated President Lai once again on his presidency, which she stated will lead Taiwan to new heights, adding that His Majesty coming to Taiwan personally for the inauguration was a resounding declaration of Eswatini’s enduring support for Taiwan’s sovereignty, stability, and rightful place on the world stage. She emphasized that Eswatini stands with Taiwan always and unwaveringly. In conclusion, the deputy prime minister stated that Eswatini fully agrees with Taiwan that we must all safeguard our national sovereignty and protect the lives and property of our people. She said that our common enemy will always be poverty and natural disasters, but against all odds, we will stand united, and we shall remain united and be one. The delegation was accompanied to the Presidential Office by Eswatini Ambassador Promise Sithembiso Msibi.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: F. Cleo Kawawaki Appointed as Director General for ADB’s New Sectors Department 2

    Source: Asia Development Bank

    MANILA, PHILIPPINES (25 February 2025) — The Asian Development Bank (ADB) has appointed F. Cleo Kawawaki as Director General for the newly-formed Sectors Department 2, which will manage operations for the agriculture, food, nature, rural development, water, urban development, and digital sectors. 

    “With climate change, the private sector shift, and digitization as ADB’s priorities, I am excited and honored by this assignment and the opportunity to help ensure that these shifts contribute to the sustainable growth of our developing member countries,” said Ms. Kawawaki. “As ADB strives to achieve its ambitious corporate Strategy 2030, my task will be to ensure maximum efficiency and effectiveness in delivering benefits to our member countries that have a lasting positive impact on communities and economies utilizing the full menu of solutions that ADB has under one roof.”

    Ms. Kawawaki has more than 35 years of professional work experience, including over 24 years at ADB and 11 years in investment banking. She will continue to head ADB’s Office of Markets Development and Public-Private Partnership, which supports private sector-led growth in the region. She is a former Deputy Director General of ADB’s Southeast Asia Department and has held senior roles in ADB’s Central and West Asia Department including energy sector director.

    ADB introduced a new operating model in 2022 to better serve the rapidly changing needs of its developing member countries. To support this mandate, the Sectors Group was restructured into three distinct Sector Departments, ensuring a balanced spread of responsibilities. The realignment will enhance managerial oversight, improve operational efficiency, and ensure more effective leadership across all functions.

    ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.

    MIL OSI Economics

  • MIL-OSI Economics: Money Market Operations as on February 24, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,96,672.53 6.26 5.00-6.53
         I. Call Money 16,262.22 6.33 5.15-6.45
         II. Triparty Repo 4,15,094.95 6.24 6.00-6.50
         III. Market Repo 1,63,441.16 6.29 5.00-6.53
         IV. Repo in Corporate Bond 1,874.20 6.45 6.45-6.46
    B. Term Segment      
         I. Notice Money** 249.35 6.19 5.70-6.35
         II. Term Money@@ 537.00 6.40-7.25
         III. Triparty Repo 4,250.00 6.40 6.33-6.45
         IV. Market Repo 1,940.23 6.44 6.35-6.61
         V. Repo in Corporate Bond 400.00 6.72 6.72-6.72
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Mon, 24/02/2025 1 Tue, 25/02/2025 36,775.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Mon, 24/02/2025 1 Tue, 25/02/2025 2,400.00 6.50
    4. SDFΔ# Mon, 24/02/2025 1 Tue, 25/02/2025 78,791.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -39,616.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 21/02/2025 14 Fri, 07/03/2025 41,046.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,095.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,33,105.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,93,489.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 24, 2025 9,08,199.10  
         (ii) Average daily cash reserve requirement for the fortnight ending March 07, 2025 9,22,740.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ February 24, 2025 36,775.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 07, 2025 -1,973.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2013 dated January 27, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2248

    MIL OSI Economics

  • MIL-OSI Security: U.S. and ROK Deepen Defense Cooperation for Regional Stability

    Source: United States INDO PACIFIC COMMAND

    HONOLULU, Hawaii – The United States and the Republic of Korea (ROK) convened the 2nd Annual Regional Security Cooperation Board (RSCB) from February 19-21, 2025. Co-hosted by U.S. Indo-Pacific Command (USINDOPACOM) and the ROK Ministry of National Defense (MND), this pivotal forum brought together senior defense officials and security cooperation professionals from across the Indo-Pacific region to advance bilateral and multilateral security cooperation initiatives. The U.S. Embassy Seoul’s Deputy Chief of Mission Joy Sakurai and ROK MND’s International Policy Bureau Director General Lee Seung Buhm delivered opening remarks, emphasizing the importance of strengthening regional alliances and partnerships to address shared security challenges.

    The RSCB reflects a growing commitment to foster alignment on security cooperation efforts, identifying new opportunities for defense collaboration with like-minded partners across the Indo-Pacific region. The event directly supports the Regional Cooperation Framework, endorsed by U.S.-ROK Defense Chiefs during the 54th Security Consultative Meeting.

    The outcomes of this year’s discussions will feed into future engagements, reinforcing the shared commitment to regional peace and stability.

    MIL Security OSI

  • MIL-OSI Economics: 2025 Asia–Pacific SDG Partnership Report—Delivering a Just Transition: Advancing Decent Work, Gender Equality, and Social Protection

    Source: Asia Development Bank

    Produced by ADB, the Economic and Social Commission for Asia and the Pacific, and the United Nations Development Programme, the report looks at workforce disruption and underscores the need to boost training, improve social protection, and target gender equality. It highlights how sectors including renewable energy and sustainable fisheries can create jobs and why digitalization and innovative financing mechanisms are key to pushing countries toward the 2030 Sustainable Development Goals.

    MIL OSI Economics

  • MIL-OSI New Zealand: Education – New resources address implicit bias in the classroom – The Oranui

    Source: The Oranui

    Researcher and advocate Anton Blank (Ngāti Porou-Ngāti Kahungunu) this week launches new resources for teachers, to address racism in the classroom.The Oranui (www.oranui.co.nz) resources for teachers include a 20 minute video module, and a short book REWIRE: understanding racism and how to undo it.

    “The resources help teachers explore their own implicit biases towards Māori and Pasifika students,” Anton Blank says.

    Implicit biases influence human behaviour. They are aversions and preferences that sit below the level of our conscious awareness. Implicit biases are informed by stereotypes and can run counter to our explicit beliefs and values.

    “Everyone is influenced by stereotypes that circulate in the social world. We can manage the influence of these stereotypes on our thinking and behaviour by being mindful. This is the focus of the new resources, which explain the dynamics of racism and how to undo it.”

    Anton Blank argues that all stereotypes are harmful, because they promulgate generalisations about social groups that aren’t necessarily true.

    “Around the world, people of colour are more likely to be negatively stereotyped when it comes to issues like intelligence, work ethic and violence.”

    Recent data shows that more than 70 percent of Māori and Pasifika are failing NCEA numeracy standards, which equates to every third student in secondary schools overall.[1]

    “I find these numbers absolutely terrifying. Forty-one percent of New Zealand’s under 18-year-olds are now Māori and Pasifika. These populations are youthful — bottom-heavy compared to the ageing Pākehā cohort — so they will continue to grow and fill our schools.

    “The most important influence within this data is, I believe, the quality of teacher engagement. Decades of research shows that of all groups of students, teachers have lowest expectations of Māori and Pasifika.”

    The Pygmalion Effect describes how teachers’ expectations determine, to a large part, students’ educational outcomes.[2] If Māori children are to achieve, teachers must lift their expectations of students and treat all students as having the same potential for achievement.

    Research from the US also shows that the quality of teacher engagement is very important in underprivileged areas, and upgrading teachers’ skills has the most effect on achievement in those schools. In Aotearoa, 40% of Māori students live in the two most deprived deciles in the country.[3]

    The Oranui resources for teachers include a 20 minute video module, and a short book REWIRE: understanding racism and how to undo it.

    “The resources encourage teachers to explore their own attitudes towards Māori and Pasifika students. Teachers tend to expect these students to disengage from the learning. As a result, teachers make less effort with them.

    “These students internalise these beliefs and by secondary school, they group themselves together at the back of the classroom, where they attract less attention from teachers than Pākehā and Asian students.

    “Māori students do succeed in Māori educational settings, however, where they feel seen in the classroom, and their potential is nurtured by their teachers.

    “For almost ten years, I have worked with teachers across the motu. All of them say they want to see Māori students succeed.

    “It is not correct to say that they are deliberately excluding Māori and Pasifika students from learning in the classroom. Rather, teachers are working under pressure, which is when their behaviour is triggered by the automatic and implicit biases described here.”

    MIL OSI New Zealand News

  • MIL-OSI Security: Hawaii ANG, Indonesian Air Force Advance Partnership with Second Year of Air-To-Air Refueling Engagement

    Source: United States INDO PACIFIC COMMAND

    This engagement was part of the Hawaii National Guard’s State Partnership Program (SPP), which has played a critical role in advancing air-to-air refueling capabilities between Hawaii ANG and the Indonesian Air Force.

    In this training cycle, five new and 21 IDAF F-16 pilots successfully earned their air-refueling qualifications. The 203rd Air Refueling Squadron (ARS) directly supported over 40 F-16 sorties, demonstrating the increasing complexity and operational integration of these joint capabilities.

    “For many of us, this mission isn’t just about fuel transfers—it’s about trust, adaptability, and building a foundation for future interoperability,” said 1st Lt. Alison Bowman, a pilot with the 203rd ARS. “Through pre- and post-mission briefings, we are exchanging air refueling tactics, techniques, and procedures to enhance operational efficiency.”

    For the 203rd ARS, this mission extended beyond technical proficiency—it was an engagement in adaptability and cross-cultural collaboration in a region with unique airspace and logistical challenges.

    “Air refueling engagements in this region gives us a great opportunity to fine-tune our skills while working closely with our partners in a dynamic environment,” said Tech. Sgt. Angellica Amian, 203rd ARS inflight refueler. “By staying in constant communication and giving each other real-time feedback, we were able to work together more smoothly. It’s all about building that trust and understanding so we can operate effectively as a team.”

    As the engagement progressed, both air forces refined their air domain awareness capabilities, reinforcing their commitment to regional stability.

    “This opportunity not only strengthens our operational readiness but also ensures we have the capabilities to secure our territorial integrity,” said Lt. Col Ripdho ‘Mohawk’ Utomo, IDAF exercise planner. “We want to thank the Hawaii Air National Guard for their support to maintain our currency and certifications. I’m looking forward to continuing this cooperation.”

    The Hawaii National Guard State Partnership Program (SPP) – Indonesia Military Bilateral Partnership, established in 2006 through the National Guard Bureau (NGB), continues to serve as a key initiative supporting USINDOPACOM’s goal of enhancing defense relations and strengthening Indonesia’s military capabilities.

    As the training concluded, the Hawaii Air National Guard reaffirmed its commitment to fostering international partnerships through high-level military operations, activities, and investments. Working alongside allies such as Indonesia, Hawaii ANG continues to support global stability and operational excellence in air mobility and aerial refueling capabilities.

    Looking ahead, future training opportunities will build upon the progress achieved during this exercise, further advancing U.S.-Indonesia defense cooperation. With continued collaboration and shared training objectives, both air forces are committed to strengthening regional security, enhancing readiness, and improving interoperational capabilities for future missions.

    MIL Security OSI

  • MIL-OSI Economics: New Development Bank and Bank of Communications Financial Leasing Co., Ltd. sign USD 150 mln Equivalent in RMB Loan Agreement for the LNG Transportation Project

    Source: New Development Bank

    The New Development Bank (NDB) and the Bank of Communications Financial Leasing Co., Ltd. (BCFL) are pleased to announce the signing of a USD 150 mln equivalent in RMB 1,069.23 mln loan agreement aimed to acquire at least three liquified natural gas (LNG) carriers, addressing the significant increase in demand for LNG in China and closing the gap between demand and supply of LNG carrier capacity. The signing took place in the headquarters of NDB on February 21, 2025. Mr. Vladimir Kazbekov, NDB Vice President and Chief Operating Officer, and Mr. Jiuyong Yin, Vice President of Bank of Communications and Mr. Bin Xu, Chairman of BCFL participated in the signing.

    This is the first non-sovereign loan granted by NDB to a non-banking financial institution in China. The relationship between the Bank of Communications (BoCom) and NDB, both headquartered in Shanghai, reflects a longstanding and strategic partnership formalised with a Memorandum of Understanding signed in 2016. The partnership reached another significant milestone with NDB granting its first non-sovereign loan to a non-banking financial institution in China – BCFL, BoCom’s wholly owned subsidiary. This achievement highlights NDB’s dedication to supporting a diverse range of financial institutions and strengthening local markets.

    Under the terms of the loan agreement, NDB will provide USD 150 mln equivalent in RMB 1,069.23 mln loan to BCFL to acquire at least three LNG carriers, resulting in the expansion of its green leasing portfolio. The imports of LNG will help reduce China’s coal consumption and related Greenhouse Gas (GHG) emissions, which is in alignment with the “2030 Agenda for Sustainable Development” issued by the Chinese Government. Meanwhile, this batch of LNG carriers will be equipped with advanced propulsion systems, representing a significant improvement in the shipping industry in terms of efficiency, economies of scale and environmental performance.

    Aligned with the NDB’s General Strategy for 2022–2026, this loan promotes private sector participation in addressing infrastructure gaps and scaling up infrastructure investments, with a focus on enhancing development impact in the local market. Additionally, the loan reflects NDB’s commitment to supporting cleaner energy solutions, as it is tied to LNG-related projects that contribute to a lower-carbon energy mix. By utilizing local currency for financing, NDB reaffirms its strategic focus on expanding local currency operations over the 2022–2026 strategy cycle.

    “The non-sovereign loan provided by the New Development Bank to BCFL will significantly enhance its liquefied natural gas transportation capacity. It demonstrates NDB’s dedication to supporting China in reaching a peak in its carbon dioxide (CO2) emissions before 2030 and achieving carbon neutrality by 2060. This transaction will further strengthen the strategic partnership between NDB and BoCom. The LNG Transportation Project is aligned with NDB’s focus on supporting clean energy and energy efficiency projects as well as the Bank’s commitment to scale up non-sovereign operations,” said Mr. Vladimir Kazbekov, NDB VP & COO.

    “Thanks to NDB for choosing BoCom Financial Leasing, a subsidiary of BoCom, to cooperate. This loan is closely related to the national strategy of green and sustainable development and further consolidates the long-term strategic relationship between NDB and BoCom. As financial institutions both in Shanghai, we hope that the two parties will continue to cooperate in more areas such as bond underwriting, financial markets, and international business in the future,” said Mr. Ying, Vice President of BoCom.

    “We would like to thank NDB for its recognition and trust in BoCom Financial Leasing. BCFL continues to work on green and sustainable financial development, and the proportion of green leasing keeps growing. The loan funds from this cooperation will be used for the company’s three LNG ships built by Hudong-Zhonghua Shipbuilding Co., LTD. We take this as an important cooperation for the strategic partnership between BoCom and NDB,” stated Mr. Xu, Chairman of BCFL.

    Background Information

    New Development Bank

    NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

    For more information on NDB, please visit www.ndb.int

    Bank of Communications Financial Leasing

    BCFL was founded as a wholly owned subsidiary of BoCom in 2007 with the headquarter in Shanghai, China. It is one of the leading financial leasing companies in China and was one of five pilot financial leasing entities approved by the State Council of China. With the support from BoCom, it has grown rapidly since its incorporation and has become one of largest financial leasing companies in China. It operates in various sectors including aviation, shipping, and traditional leasing business.

    For more information on BCFL, please visit www.bocommleasing.com

    MIL OSI Economics

  • MIL-OSI China: US’ restrictive trade moves to be self-harming

    Source: China State Council Information Office

    China has called on the United States to adhere to international rules and end misguided policies, warning that it will take necessary measures to safeguard its legitimate rights, the Ministry of Commerce said on Sunday.

    On Friday, the Office of the United States Trade Representative invited comments from the public on proposed Section 301 actions aimed at China’s maritime, logistics and shipbuilding sectors.

    The US’ proposed restrictive measures, such as levying port fees, would be self-harming and have detrimental effects, according to an online statement issued by the Commerce Ministry.

    The statement said these moves would not only fail to revive the US shipbuilding industry, but also increase transportation costs on US-related shipping routes and intensify domestic inflationary pressures.

    The moves would diminish the global competitiveness of US goods and negatively affect the interests of US port and terminal operators, as well as their workers, it added.

    Since March 2024, China and the US have held multiple rounds of talks on the proposed actions. China has repeatedly expressed its stance on the Section 301 investigation, urging the US to be rational and objective, and to stop blaming China for its own industrial development issues.

    The ministry noted that a panel of the World Trade Organization has ruled that US imposition of Section 301 tariffs on China is in breach of WTO regulations. The misuse of the Section 301 investigation mechanism, driven by the US’ domestic political needs, continues to erode the multilateral trading system, the ministry said.

    Liao Fan, a professor of international law at the University of Chinese Academy of Social Sciences in Beijing, said that to counter rising protectionism and the weaponization of unilateral sanctions, WTO reform is urgently needed to address systemic issues, such as chronic underfunding and weak enforcement mechanisms.

    John Quelch, executive vice-chancellor of Duke Kunshan University in Kunshan, Jiangsu province, warned that international trade is entering a dangerous “Wild West” era, in which weaker economies and small countries more dependent on international trade are likely to suffer the most.

    “China needs to redouble its efforts to increase trade with Global South countries, gradually reducing dependence on traditional markets,” Quelch said, adding, “China should further stimulate domestic consumption if a global tariff war slows down international trade.”

    Guangxi Yuchai Machinery Co, an automotive engine manufacturer in Yulin, Guangxi Zhuang autonomous region, is already expanding into emerging markets.

    “We have leveraged multiple cooperation mechanisms and trade deals, such as the Belt and Road Initiative and the Regional Comprehensive Economic Partnership, to actively participate in international trade shows and establish new plants in Thailand and Vietnam in recent years. Our export value jumped 73 percent year-on-year in January, hitting a record high for a single month,” said Liu Hongbo, president of marketing at Guangxi Yuchai’s overseas business unit.

    “We have broadened our customer base in key regions, including Southeast Asia and the Middle East, while diversifying our market structure to reduce risks associated with overreliance on any single market,” Liu added.

    MIL OSI China News

  • MIL-OSI Security: Japan Self-Defense Forces and U.S. participate in Fleet Synthetic Training-Joint 25-71 (Resilient Shield)

    Source: United States INDO PACIFIC COMMAND

    FST-J 25-71 (Resilient Shield) will provide computer-generated training to commands ashore and ships at sea. This training provides the opportunity for ships, Patriot batteries, and command centers to integrate and hone warfighting skills collectively in a tactically demanding environment. The annual exercise focuses on testing and refining U.S.-Japan forces’ ballistic missile defense (BMD) tactics, techniques and procedures, pre-planned responses, and warfighting concepts.

    “With this year’s Resilient Shield 25, our joint and combined U.S.-Japan team continues to advance our collective ballistic missile defense,” said Vice Adm. Fred Kacher, commander, U.S. 7 Fleet. “This exercise presents our teams with dynamic, realistic BMD scenarios meant to sharpen our reflexes and harden our defenses as we provide an all-domain missile defense capability to the Indo-Pacific theater.”

    FST-J 71 (Resilient Shield) series is focused on strengthening the integrated operational capabilities of the joint U.S. forces and Japan Self-Defense Forces (JSDF) to improve proficiency in warfighting and joint operations for ballistic missile defense.

    Participating units include the Arleigh Burke-class guided-missile destroyers USS Higgins (DDG 76), USS Benfold (DDG 65) and USS Shoup (DDG 86), the Japan Maritime Self-Defense Force Atago-class guided-missile destroyer JS Ashigara (DDG 178) and the Kongo-class guided-missile destroyer JS Kongo (DDG 173). Additional participants include the 613th Air Operations Center, 94th Army Air and Missile Defense Command, 38th Air Defense Artillery Brigade, E-3 Terminal High Altitude Area Defense (THAAD) Battery, 1st Battalion 1st Air Defense Artillery Regiment, Japan Air Self-Defense Force and Japan Ground Self-Defense Force. The coordination across U.S. joint forces is key to planning and executing missions to fortify a bilateral all-domain missile defense capability that supports regional security and stability.

    The successful defense of the U.S. and our allies from ballistic missile threats requires detailed planning, precision ship stationing and quick defensive reactions. In turn, the BMD mission is one of many that the U.S. and its allies and partners practice routinely to maintain maximum proficiency and interoperability.

    U.S. 7th Fleet is the U.S. Navy’s largest forward deployed numbered fleet, and routinely interacts and operates with allies and partners in preserving a free and open Indo-Pacific region.

    MIL Security OSI

  • MIL-OSI Security: Eighth Army commemorates 74th anniversary of the Battle of Hill 180

    Source: United States INDO PACIFIC COMMAND

    The annual ceremony pays tribute to the Soldiers’ heroic actions during the Korean War, highlighting the enduring strength of the Republic of Korea-U.S. alliance and the commitment to defending South Korea. This event underscored Eighth Army’s dedication to fostering strong alliances and partnerships, emphasizing the importance of unity between the United States and the ROK.

    “The Battle of Hill 180 is a testament to the indomitable warrior spirit of the American and Korean Soldiers who fought side by side throughout the Korean War, forging the strong bonds and Katchi Kapshida spirit that remain alive and well today,” said Brig. Gen. Sean Crockett, Eighth Army deputy commanding general, operations, who served as the event’s guest speaker. “Not only did these Soldiers answer the call to serve their nation, but they also had the courage to charge the hill when they were needed most.”

    On Feb. 7, 1951, during the Korean War, Millett and his soldiers of Easy Company, 27th Infantry Regiment, launched a daring uphill bayonet charge against entrenched Chinese forces. Under relentless enemy fire, Millett led his men forward, famously shouting, “We’re going up the hill. Fix bayonets. Charge! Everyone goes with me!”

    Despite sustaining multiple injuries from grenade shrapnel, Millett fought fiercely, reached the summit of Hill 180, and secured the position. The attack cost the lives of nine American soldiers but marked a critical victory. The battle became one of the last major bayonet charges in American military history and a defining moment in the Korean War. Millett later received the Medal of Honor for his leadership and valor.

    The ceremony, held at Osan Air Base, included the playing of the ROK and U.S. national anthems, an invocation led by the 35th Air Defense Artillery chaplain, and remarks commemorating the historical significance of the battle. Crockett’s address emphasized the lasting lessons of Hill 180, drawing parallels to modern challenges.

    “In today’s volatile, uncertain, complex, and ambiguous environment, we must remember the hard-fought lessons of the Korean War,” Crockett said. “At the operational and tactical level, it is imperative to sustain consistent, tough, realistic, standards-based training in all conditions, both day and night. Training under these conditions forges cohesive teams that can fight and win. It also develops effective leaders who possess the courage, audacity, discipline, and tenacity to lead the charge shouting, ‘Fix bayonets and follow me!’ when the situation demands it.”

    Following Crockett’s remarks, the ceremony featured a wreath-laying tribute, a 21-gun salute by the 35th Air Defense Artillery firing party and the playing of “Taps” by the Eighth Army Band.

    Eighth Army Soldiers, leaders, and members of the local community attended the event to honor the legacy of the brave men who fought on Hill 180. The ceremony also emphasized the strength of the community, recognizing the shared history and unity among American service members, South Korean allies and the local populace.

    For more information, please contact the Eighth Army Public Affairs Office at usarmy.humphreys.8-army.mbx.public-affairs-office@army.mil.

    MIL Security OSI

  • MIL-OSI China: Fishing ban near HKZMB to begin in March

    Source: China State Council Information Office 2

    Fishing will be prohibited in the waters around the Hong Kong-Zhuhai-Macao Bridge starting in March to ensure navigation safety and protect the bridge structure in the Pearl River estuary.
    The ban covers water areas within 5 kilometers on both sides of the bridge’s entire axis in Guangdong, according to the Regulations on Safety Management of Sea Fishing in Zhuhai Special Economic Zone. It also applies to nearby nature reserves, military restricted zones and harbor waters.
    The regulation, passed by the Zhuhai People’s Congress, takes effect on March 1. It is the first rule in Guangdong province specifically regulating sea fishing safety.
    Sea fishing activities in the bridge waters could interfere with ship navigation and lead to accidents, said Wen Guangfu, deputy director of the Zhuhai maritime safety administration.
    The Hong Kong-Zhuhai-Macao Bridge, which spans a busy shipping lane, connects the eastern and western parts of the Pearl River Delta and is a key link in the Guangdong-Hong Kong-Macao Greater Bay Area. The 55-km project, which includes a bridge, undersea tunnels and artificial islands, opened in 2018.
    Ensuring the safety of the bridge and maintaining orderly ship navigation in surrounding waters is critical, Wen said.
    Zhuhai’s sea fishing industry has grown in recent years, bringing safety concerns, said Liang Xianming, deputy director of the Zhuhai ocean development bureau. The city, which has abundant fishing resources, has hosted multiple national and international sea fishing events.
    “The city government attaches great importance to the management of sea fishing events,” Liang said. “The new regulation will clarify government and industry responsibilities, strengthen safety oversight, minimize risks, and safeguard lives and property.”
    The regulation requires fishing vessels to report departure and return times to maritime authorities. Boats must be equipped with automatic identification systems, satellite positioning devices and other safety equipment. Passengers must be provided with life jackets and positioning devices.
    Unlicensed vessels are banned from participating in sea fishing events. The regulation also prohibits illegal docking, overloading, sailing beyond approved areas, night sailing without permission and captains from operating vessels while under the influence of alcohol.

    MIL OSI China News

  • MIL-OSI Australia: NSW records first death of person with Japanese encephalitis since 2022

    Source: New South Wales Health – State Government

    NSW Health continues to urge the public to be vigilant and take precautions against mosquitoes as NSW records its first death of a person with Japanese encephalitis (JE) since May 2022.
    A man aged in his 70s from northern Sydney died on 23 February in a Sydney hospital, where he had been receiving care for JE since early February.
    It is likely the man acquired JE while holidaying in the Murrumbidgee region in January. This is the state’s third confirmed death from JE since the virus was first detected in NSW in 2022.
    NSW Health expresses its sincere condolences to his loved ones.
    Further, an additional case of JE has been identified in a woman in her 60s in northern NSW. She likely acquired the infection on her rural property in Tenterfield Shire and is receiving care in hospital.
    NSW Health’s Executive Director of Health Protection Dr Jeremy McAnulty said these developments are a reminder of the importance for people to take precautions against mosquitoes, including vaccination.
    “These two cases of JE virus, one of which was infected while travelling for a holiday, shows it is very important all people take precautions against mosquitoes, not just those living in affected regions,” Dr McAnulty said.
    “If you plan on travelling west of the Great Dividing Range, whether for work or holiday, and you plan to spend time outdoors, JE is a risk you must consider.
    “Thankfully, there are simple steps you can take to avoid mosquitoes, and there is also a safe and effective vaccine available.”
    JE vaccine is available through local general practitioners, Aboriginal health services and pharmacists to anyone who lives or routinely works in various inland LGAs or high-risk occupations.
    People who meet the eligibility criteria should make an appointment and let the provider know it is for the JE vaccine, as they may require a few days’ notice to order the vaccine.
    JE virus is spread by mosquitoes and can infect animals and humans. The virus cannot be transmitted between humans and it cannot be caught by eating pork or other pig products.
    There is no specific treatment for JE which, in some cases, can cause severe neurological illness with headache, convulsions, reduced consciousness and death.
    The best thing people throughout the state can do to protect themselves and their families is to take steps to avoid mosquitoes.
    Simple actions you can take include:

    Applying repellent to exposed skin. Use repellents that contain DEET, picaridin, or oil of lemon eucalyptus. Check the label for reapplication times
    Re-applying repellent regularly, particularly after swimming. Be sure to apply sunscreen first and then apply repellent
    Wearing light, loose-fitting long-sleeve shirts, long pants and covered footwear. and socks
    Avoiding going outdoors during peak mosquito times, especially dawn and dusk
    Using insecticide sprays, vapour dispensing units and mosquito coils to repel mosquitoes (mosquito coils should only be used outdoors in well-ventilated areas)
    Covering windows and doors with insect screens and checking there are no gaps
    Removing items that may collect water such as old tyres and empty pots from around your home to reduce the places where mosquitoes can breed
    Using repellents that are safe for children. Most skin repellents are safe for use on children aged three months and older. Always check the label for instructions
    Protecting infants aged less than three months by using an infant carrier draped with mosquito netting, secured along the edges
    While camping, use a tent that has fly screens to prevent mosquitoes entering or sleep under a mosquito net.

    Information on eligibility for a free JE vaccine is available on Japanese encephalitis vaccination.
    For further information on JE virus and ways to protect yourself visit Mosquito borne diseases.

    MIL OSI News

  • MIL-OSI Security: Companies That Own and Operate Bulk Carrier Guilty, Sentenced For Environmental Crimes

    Source: Office of United States Attorneys

    NEW ORLEANS, LOUISIANA – Acting United States Attorney Michael M. Simpson announced that two companies that owned and operated the bulk carrier M/V ASL Singapore—ASL Singapore Shipping Limited and Jia Feng Shipping (Fuzhou) Limited — pled guilty on February 20, 2025 to knowingly violating the Act to Prevent Pollution from Ships (APPS), and obstruction of justice related to the falsification of the vessel’s Oil Record Book, a required log.

    The guilty pleas occurred before U.S. District Judge Jay C. Zainey. The companies were sentenced during the same proceeding.  Pursuant to the court approved plea agreement, the companies were fined a total of $1.85 million and are banned from operating in the United States in the future.  Separate charges were filed against Fei Wang, a Chinese national who was the ship’s Chief Engineer.  Wang pled guilty and was sentenced on January 24, 2025.

    The criminal case stems from a routine U.S. Coast Guard inspection, which revealed that the crew had been using a portable pump and flexible hose—a so-called magic pipe—to dispose of oily bilge water.  This action constituted a violation of MARPOL, the International Convention for the Prevention of Pollution from Ships, coupled with the vessel’s failure to use the appropriate pollution prevention equipment and monitoring.  Crew members presented the vessel’s Oil Record Books to the Coast Guard knowing they contained fraudulent entries and omitted information about discharging oily bilge water directly overboard before arriving in the United States.  The falsified logs were intended to conceal that since at least June 2023, the crew had dumped oily bilge water overboard directly from the bilge holding tank and was non- compliant with international treaties regulating oil pollution from ships.

    ASL Singapore Shipping Limited is based in The Republic of the Marshall Islands, and Jia Feng is based in China.  The corporations were each charged with two felonies: an APPS violation and obstruction of justice.

    The Coast Guard Investigative Service and the EPA Criminal Investigations Division investigated the case with assistance from U.S. Coast Guard Sector New Orleans.  Assistant U.S. Attorneys Christine M. Calogero and G. Dall Kammer of the General Crimes Unit  are prosecuting the case.

    MIL Security OSI

  • MIL-OSI China: Hong Kong int’l airport’s passenger traffic up 27.8 pct in January

    Source: China State Council Information Office

    Hong Kong International Airport handled 5.28 million passengers in January, marking an annual growth of 27.8 percent, Airport Authority Hong Kong (AAHK) said on Monday.

    According to air traffic figures for Hong Kong International Airport in January released by AAHK, flight movements increased 17 percent year-on-year to 33,660, hitting a post-pandemic high.

    On Jan. 25, the airport handled over 193,000 passengers, reaching another post-pandemic high and representing a full recovery to the pre-pandemic peak level.

    In January, all passenger segments, including Hong Kong residents, visitors and transfer/transit passengers, experienced double-digit year-on-year increases in comparison with the same month last year. Traffic to and from Southeast Asia, the Chinese mainland and Japan recorded the most significant increases during the month.

    On a 12-month rolling basis, passenger volume surged 30.5 percent to 54.2 million, while flight movements experienced a significant 27.6 percent increase to 368,195. Cargo throughput saw a growth of 12 percent to 4.95 million tons. 

    MIL OSI China News

  • MIL-OSI China: ‘Ne Zha 2’ debut in HK, Macao wins hearts

    Source: China State Council Information Office 3

    People pose for photos in front of the poster of the Chinese animated feature “Ne Zha 2” at a cinema in Hong Kong, Feb. 18, 2025. [Photo/Xinhua]

    Chinese animated blockbuster “Ne Zha 2” grossed more than $845,900 upon its debut in the Hong Kong and Macao special administrative regions on Saturday, achieving the highest first-day box office revenue for an animated film in the SARs.

    Over 92,000 people in the two cities showed up on Saturday to watch the movie, which has raked in over 13.7 billion yuan ($1.89 billion) around the world and ranked eighth in terms of global box office revenue. This prompted distributors in the SARs to increase the number of screenings on day one from 500 to more than 800 in 2D and IMAX formats, also a record in the history of Hong Kong’s and Macao’s film industries.

    In Hong Kong and Macao, the film has traditional Chinese and English subtitles. Cinemas operated by the film’s four local distributors — Mandarin Motion Pictures, Intercontinental Film Distributors, Sil-Metropole Organisation and Emperor Motion Pictures — have arranged around 400 screenings for Monday, with tickets of some screenings sold out.

    On Sunday, China Retold, a local key opinion leader alliance dedicated to promoting the latest developments on the Chinese mainland and Hong Kong on social media platforms, organized a free screening of “Ne Zha 2”. Those attending the screening formed a long line outside a cinema in Causeway Bay early in the morning, and during the screening, audience members frequently erupted in laughter during humorous scenes and exclamations of awe at the spectacular special effects.

    After the screening, Sebastian Lee, a student from the United Kingdom studying at Chinese University of Hong Kong, said he had heard about the movie’s box office success, which piqued his curiosity, so he decided to attend the special screening.

    Although he wasn’t previously familiar with the background of Chinese mythology, the film explained these cultural elements in a simple and understandable way, making it easy for non-Chinese audiences to follow, Lee said.

    He also praised the film’s special effects, particularly those in the final battle scene, saying that the unprecedented level of detail and complexity of the animation provided an excellent viewing experience.

    Laurent Daury, a French lawyer who works in Hong Kong, said that although it was his first time to watch a Chinese animated film, the movie exceeded his expectations and gave him a strong sense of Chinese culture.

    He said the film reaffirmed his understanding of traditional Chinese culture, particularly the importance of respect, including respect for work, family and skills.

    Cultural values

    Daury said that the film, compared with Western-made animated films, conveys more traditional cultural values, which he admired. He added that he would definitely recommend the film to those around him and planned to watch it again with his wife and friends.

    Karolina Gruschka, a kindergarten teacher in Hong Kong, said the film’s elements of ancient Chinese mythology help viewers, especially children, better understand traditional Chinese culture.

    She said she was touched by the friendship between the two main characters, Ne Zha and Ao Bing. Despite coming from entirely different backgrounds, their connection endured all challenges, showing that true friendship can overcome any obstacle, regardless of one’s origins, she added.

    Gruschka also said that a unique aspect of the film is its core concept of the struggle between good and evil, conveying an uplifting belief that people can change their destiny through their choices.

    “Ne Zha 2” reimagines the tale of Ne Zha, a rebellious deity from Chinese mythology, intertwining ancient folklore with modern themes of defiance and self-determination.

    The film was released on the mainland on Jan. 29, the first day of the Year of the Snake, and soon became the highest-grossing film in China.

    The film has been released overseas in markets such as the United States, Australia and New Zealand, and will debut in Singapore and Malaysia in March.

    MIL OSI China News

  • MIL-OSI: Dadachain Unveils Vision on February 20 with Whitepaper Release, Full Platform Launch on March 17

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, Feb. 24, 2025 (GLOBE NEWSWIRE) — Dadachain, a blockchain platform focused on Real World Asset (RWA) tokenization, is set to release its official whitepaper on February 20, outlining its vision, technology, and roadmap. The platform is scheduled for official launch on March 17, 2025, with its first RWA issuance featuring Starnex, a South Korean defense company.

    Bridging the Gap: Tokenization of Pre-IPO Companies

    Dadachain aims to provide a tokenization framework for Pre-IPO and CSE IPO-ready private companies, offering an alternative way to access liquidity and diversify investment opportunities. Traditionally, early-stage investments are primarily accessible to institutional investors. Dadachain seeks to broaden access to growth-stage companies through:

    • Potential Exposure to Growth-Stage Companies: Providing access to companies before they go public.
    • Tokenized Asset Evolution: Digital assets reflecting companies’ development toward potential IPOs on CSE or NASDAQ.
    • Expanded Market Participation: Enabling a wider range of participants to engage with private equity investments.

    Strategic Support from Columbia Capital

    A key partner in Dadachain’s ecosystem, Columbia Capital provides IPO consultancy services to help companies navigate the public listing process on the CSE. Their support includes:

    • IPO Strategy & Compliance Guidance
    • Market Positioning & Investor Outreach
    • Regulatory Filing & Post-IPO Support

    “By integrating tokenization with expert IPO consultancy, Dadachain and Columbia Capital aim to support high-growth companies in their development,” said Gabriel Lee, CMO of Dadachain.

    Ondo Finance vs. Dadachain: A Different Approach to RWA

    Ondo Finance tokenizes existing NASDAQ-listed stocks, offering digital access to established assets. Dadachain, in contrast, focuses on early-stage companies, allowing investors to engage with businesses before their public listing. “Our platform is designed to support companies in their growth journey by leveraging tokenization,” said Gabriel Lee.

    First RWA Issuance: Starnex Takes the Lead

    Dadachain’s first tokenized asset will be Starnex, a South Korean defense company. “We are excited to be the first company utilizing Dadachain’s tokenization framework,” said Sangrae Park, CEO of Starnex. “This collaboration offers an opportunity to explore new funding avenues and expand our business through digital finance solutions.”

    Future Plans: Additional RWA Issuances to Follow

    Dadachain plans to announce further RWA issuances for CSE IPO-ready companies. Updates will be shared via the official website and social media channels.

    Join the Future of Digital Finance: Dadachain’s platform launch on March 17 marks an expansion of blockchain applications in asset tokenization.

    For Media Inquiries

    Brand: Dadachain

    Contact: Media team

    Email: ask@dadachain.xyz

    Website: https://www.dadachain.xyz

    The MIL Network

  • MIL-OSI Australia: Retail petrol prices lower across all capital cities and almost all regional locations in the December quarter

    Source: Australian Competition and Consumer Commission

    The quarterly average for retail petrol prices decreased in the December quarter 2024, hitting a three-year low in real (inflation adjusted) terms, the ACCC’s latest petrol monitoring report has found.

    Click to enlarge

    Average retail petrol prices across the five largest cities (Sydney, Melbourne, Brisbane, Adelaide and Perth) were 179.8 cents per litre (cpl), a decrease of 3.0 cpl from the previous quarter.

    The decrease was largely due to lower international prices for refined petrol (Mogas 95). Mogas 95 prices are largely driven by international crude oil prices, which declined following slowing global oil demand together with increases in oil supply from Organisation of the Petroleum Exporting Countries (OPEC) members and some non-OPEC countries.

    “A range of international factors which influence the prices of commodities like crude oil have led to prices at the bowser easing from the higher levels that were seen in early 2024,” ACCC Commissioner Anna Brakey said.

    Lower average petrol prices in other capital cities and in regional locations

    Average retail petrol prices in Canberra, Hobart and Darwin also fell in the December quarter 2024. Average prices in Darwin were 168.9 cpl, the lowest of the eight capital cities.

    Average retail petrol prices across regional locations (in aggregate), fell to 179.5 cpl in the December quarter 2024, slightly below the average prices across the five largest cities. The ACCC monitors fuel prices of more than 190 regional locations across Australia.

    “It is pleasing to see that motorists had some relief when filling up at petrol stations across the country,” Ms Brakey said.

    Average petrol gross indicative retail differences increased

    Gross indicative retail differences are a broad indicator of gross retail margins, including retail operating costs and profits. Average gross indicative retail differences across the five largest cities were 17.2 cpl in the December quarter 2024, an increase of 1.6 cpl from the previous quarter.

    Quarterly average gross indicative retail differences can vary between cities, and were lowest in Perth (9.6 cpl) and highest in Brisbane (24.1 cpl).

    In 2024, annual average gross indicative retail differences across the five largest cities were 16.3 cpl, which is slightly higher than pre-pandemic levels in real (inflation-adjusted) terms.

    The following chart shows the changes in the components of average retail petrol prices across the five largest cities.

    Components of quarterly average retail petrol prices across the five largest cities

    Source: ACCC calculations based on data from Informed Sources, Argus Media, Ampol, bp, Mobil, Viva Energy, FuelWatch, the Reserve Bank of Australia and the Australian Taxation Office.

    Notes: cents per litre change from the previous quarter.

    Excise and wholesale goods and services tax (65.4 cpl) excludes a component of retail goods and services tax (1.5 cpl) in the above chart. This is for consistency in reporting gross indicative retail difference figures throughout this report, which include a small component of goods and services tax. Total excise and goods and services tax for both wholesale and retail (66.9 cpl) is shown in the petrol bowser in the ‘December quarter 2024 – Petrol snapshot’.

    Average diesel prices were lower in all capital cities, reflecting international trends

    Quarterly average retail diesel prices across the five largest cities were 177.1 cpl in the December quarter 2024, down 8.4 cpl from the September quarter 2024. Average retail diesel prices were also lower in Canberra, Hobart and Darwin.

    Retail diesel prices generally followed lower international diesel benchmark prices, which accounted for the largest component of retail diesel prices.

    Quarterly average retail diesel prices in capital cities in the December quarter 2024

    Source: ACCC calculations based on data from Informed Sources.

    Note: cents per litre change from the previous quarter.

    In real (inflation adjusted) terms, quarterly average retail diesel prices across the five largest cities were the lowest in over three years, when average diesel prices were 172.4 cpl in the September quarter 2021.

    More consumers are using fuel price apps

    Around two in five consumers (or 41 per cent) reported using fuel price apps to shop around for cheaper fuel in 2024, according to research published by the Australasian Convenience and Petroleum Marketers Association. This was up from 34 per cent in 2022.

    “Taking advantage of the available information through apps and websites can be well worth it to find retailers with lower fuel prices in your area and to save money on fuel,” Ms Brakey said.

    The ACCC also publishes up-to-date price charts, buying tips, and information on movements in the petrol price cycles that occur in Sydney, Melbourne, Brisbane, Adelaide and Perth, which can be helpful for consumers.

    The ACCC has championed greater fuel price transparency for consumers for some time.

    “We are aware that the Victorian Government recently announced a price transparency scheme to be phased in over 2025. Victoria is the only jurisdiction in Australia without a state or territory government fuel price transparency scheme,” Ms Brakey said.

    Note to editors

    Petrol’ means regular unleaded petrol unless otherwise specified.

    Price changes are reported in nominal terms unless otherwise specified.

    Singapore Mogas 95 Unleaded (Mogas 95) is the relevant international benchmark for the wholesale price of petrol in Australia. Singapore Gasoil with 10 parts per million sulphur content (Gasoil 10 ppm) is the international benchmark for the wholesale price of diesel.

    Background

    The ACCC has been monitoring retail prices in all capital cities and over 190 regional locations across Australia since 2007.

    On 14 December 2022, the Treasurer issued a new direction to the ACCC to monitor the prices, costs and profits relating to the supply of petroleum products in the petroleum industry in Australia and produce a report every quarter for a further three years.

    MIL OSI News

  • MIL-OSI United Nations: Ongoing Liquidity Crisis Hindering United Nations Ability to Retain Geographically Diverse, Skilled Workforce, Delegates Stress as Fifth Committee Resumes Session

    Source: United Nations General Assembly and Security Council

    Stressing that the Organization’s key asset is its staff, many delegates of the Fifth Committee (Administrative and Budgetary) today emphasized the pressure that the ongoing liquidity crisis is having on efforts to rejuvenate the Organization and attract and retain talent from all parts of the world.

    “The human resources policies and the liquidity situation of the United Nations are inextricably linked,” said Singapore’s representative, speaking for the Association of Southeast Asian Nations (ASEAN) during the opening day of the Committee first resumed session.  “We note with concern from the Secretary-General’s report that temporary hiring restrictions imposed as a result of the dismal liquidity situation of the UN have constrained efforts to fill geographical posts that could have gone to un- and under-represented countries.”

    She emphasized that staff training and development are key to building a United Nations that can respond to contemporary challenges.  “While we are cognizant of the UN’s ongoing liquidity challenges, we hope that their training is not compromised to achieve short-term savings,” she said, adding that training locations should not be limited to UN Headquarters.

    Echoing this sentiment, the representative of the European Union, in its capacity as observer, said the Organization’s financial situation must be carefully considered when discussing the Organization’s most essential resources: its staff.  “We strongly believe in the fundamental importance of a comprehensive and strategic workforce planning system,” she said, adding that planning and selection should be closely aligned with a recruitment process that ensures the Organization attracts and hires the most suitable candidates with the right skill sets.  In addition, the 120-day target for staff selection should be met.  “We repeat our call to rejuvenate the Organization and acquire and retain young talent,” she said, adding that talent outreach and well-structured internship programmes are key priorities that “we take very seriously”.

    Speaking on behalf of the Group of 77 and China, Iraq’s delegate said geographical representation and gender parity remain a core concern for the Group, which expects the Secretariat to intensify its efforts to achieve equal representation at all staff levels, with a focus on senior level staff at D-1 and above posts, as well as significant contributions from troop-contributing countries and police-contributing countries.  He noted that the Secretary-General’s staff composition report showed that staff declined by 34 to 36,757 during the reporting period ending on December 2023, due in part to temporary hiring restrictions placed against the regular budget in July 2023. 

    Keen to review the Secretariat’s efforts to improve the Organizaton’s rejuvenation, including through the Young Professionals Programme, the Group notes that during the 2022-2023 biennium, 175,781 applications applied for 2,765 jobs in the internship programme.  “With an average of 63 applicants competing for one vacancy, the Group looks forward to having more information on how the refined internship programme, including the financial support from the UN, will help more applicants from all developing countries be successfully selected as interns,” he added.

    Kuwait’s delegate, speaking on behalf of the Gulf Cooperation Council, agreed that the Organizaton’s staff are its greatest asset and noted that data from Secretariat reports indicate that personnel from the Gulf Cooperation Council countries remain underrepresented.  “Recruiting must be completed to ensure a balance,” he said. Recognizing the unprecedented loss of staff working with the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), he called for the protection of staff and all relief workers.

    The President of the UN Field Staff Union said the Organizaton’s severe liquidity and funding shortfall has created a crisis that threatens the foundation of the staff’s work.  “UN staff — who are the backbone of this institution — are being forced to bear the brunt of these financial constraints.  Workloads are increasing beyond sustainable levels,” he said, urging Member States to meet their financial commitments fully and on time.  “The cost of inaction is measured in human lives.  If we allow this crisis to continue, we are not just failing UN staff; we are failing the world.

    “Fewer staff means fewer peacekeepers in conflict zones, fewer aid workers delivering food and medicine, fewer experts tackling global challenges.  Every member of staff lost weakens our ability to respond to the world’s most pressing crises.  Let me be clear — this is not just about jobs.  It is about the UN’s ability to fulfill its mission,” he said.

    The representative of Switzerland, speaking also for Liechtenstein, welcomed Secretariat efforts to improve mechanisms for recruiting young professionals, including modernizing job descriptions, removing artificial barriers to entry and enhancing digital and language skills.  She also backed the Secretary-General’s proposal to structure and professionalize the UN internship programme.  “We note with interest the recommendations to introduce financial support for interns to strengthen geographical diversity and to offer more structured learning,” she added.

    The representative of the United States said Washington, D.C., will consider proposals using three criteria:  whether the proposal promotes a transparent and accountable system; reflects actual or proposed cost-savings and efficiencies; and how it aligns with his Government’s national interests and priorities, including “making the US safer, stronger and more prosperous”.  To this end, the delegation will defend against efforts to undermine the system of desirable ranges by advancing a vague, discriminatory and deeply flawed concept of equitable geographic representation. 

    Human Resources Management

    Martha Helena Lopez, Assistant Secretary-General for Human Resources, presented the Secretary-General’s five reports on human resources management reform:  Overview of human resources management reform for the period 2023–2024 (document A/79/566); Review of the United Nations Secretariat Internship Programme (document A/79/566/Add.1); Composition of the Secretariat: staff demographics (document A/79/584); Composition of the Secretariat: gratis personnel, retired staff, consultants, individual contractors and United Nations Volunteers (document A/79/581); and Practice of the Secretary-General in disciplinary matters and cases of possible criminal behaviour, from 1 January to 31 December 2023 (document A/79/615).

    Regarding the redesigned internship programme, she said “it aligns with UN values of fairness and accessibility, upholds commitments to youth in the Pact for the Future, and ensures meaningful engagement of young people.”  The proposal addresses the need for more structured learning and financial support for interns, including the cost of travel, health insurance, a monthly stipend and a technology allowance for remote interns.  “This would remove a significant barrier to broader participation for individuals from all economic backgrounds,” she added.  The Secretariat invites the Assembly to approve the removal of current restrictions and the principle of a centrally funded support scheme.

    The Secretary-General report covering staff demographics offers a comprehensive view of Secretariat staff from 1 January to 31 December 2023 and during the 2019 to 2023 period, she noted.  It gives a comprehensive analysis of the gratis personnel, retired staff, consultants, individual contractors, and United Nations Volunteers engaged across the Secretariat from 1 January 2022 to 31 December 2023 and highlights trends observed from 2014 to 2023, offering insights into the evolution of the Secretariat’s affiliated personnel.  The final report provides comprehensive measures for the Secretary-General’s approach to misconduct cases and analysis of the data and trends in the Secretariat’s disciplinary practices.

    Juliana Gaspar Ruas, Chair of the Advisory Committee on Administrative and Budgetary Questions (ACABQ), presented that body’s related reports (documents A/79/745A/79/746, A/79/747A/79/748 and A/79/749).

    After those presentations, Fifth Committee Vice-Chair Johanna Bischof (Austria) drew delegates’ attention to the relevant reports of the Joint Inspection Unit and related notes by the Secretary-General transmitting his comments and comments of the United Nations Chief Executives Board for Coordination on the respective reports: Review of the use of non-staff personnel and related contractual modalities in the United Nations system organizations – Note by the Secretary-General (documents A/79/694 and A/79/694/Add.1); Review of the quality, effectiveness, efficiency and sustainability of health insurance schemes in the United Nations system organizations (documents A/79/695 and A/79/695/Add.1); and Flexible working arrangements in United Nations system organizations (documents A/79/693 and A/79/693/Add.1).

    Joint Inspection Unit

    Carolina Fernández Opazo, Inspector and Chairperson of the Joint Inspection Unit, introduced the Report of the Joint Inspection Unit for 2024 and programme of work for 2025 (document A/79/34), and Federica Pietracci, Senior Programme Management Officer of the United Nations System Chief Executives Board for Coordination, introduced the Note by the Secretary-General on the Report of the Joint Inspection Unit for 2024 (document A/79/742).

    Standards of Accommodation for Air Travel

    Ms. Lopez also introduced the Secretary-General’s report on standards of accommodation for air travel (document A/79/628), and Ms. Gaspar Ruas presented the Advisory Committee’s related report (document A/79/7/Add.44).

    Proposed Programme of Work 

    The Committee also approved its proposed programme of work for this session (document A/C.5/79/L.29).

    MIL OSI United Nations News

  • MIL-OSI United Nations: With 10 Votes in Favour, 5 Abstentions, Security Council Adopts Resolution 2774 (2025) Mourning Loss of Life, as Russian Federation’s Invasion of Ukraine Enters Fourth Year

    Source: United Nations MIL OSI b

    Members Implore Swift End to Conflict, Urge Lasting Peace between Two Nations

    As the Russian Federation’s invasion of Ukraine entered its fourth year, the Security Council today adopted a resolution mourning the tragic loss of life and reiterating that the principal purpose of the United Nations is to maintain international peace and security and peacefully settle disputes.

    Adopting resolution 2774 (2025) (to be issued as document S/RES/2774(2025)) by a vote of 10 in favour to none against, with 5 abstentions (Denmark, France, Greece, Slovenia, United Kingdom), the Council implored a swift end to the conflict and urged a lasting peace between Ukraine and the Russian Federation.

    Before the vote, the representative of the United States said that the Council stands on “the precipice of history with a solemn task — creating conditions to end the bloodiest war on the European continent” since the organ was created in June 1945.  Noting that her country’s draft text is “a symbolic, simple first step towards peace”, she added that it “is not a peace deal”.  Rather, it represents a path to peace, and she urged all Council members to join the United States in vanquishing the scourge of this war.

    Proposed Amendments Fail to Obtain Required Number of Votes

    However, the representative of the United Kingdom underscored:  “There can be no equivalence between Russia and Ukraine in how this Council refers to this war.”  Moscow chose to launch a war of aggression, and “the Council must be clear on this”, she stressed.  “We must also be clear that peace must respect the UN Charter and Ukraine’s sovereignty and territorial integrity within its internationally recognized borders,” she added, proposing several amendments to the text on behalf of the Council members who ultimately abstained from the vote on the text as a whole.

    France’s delegate noted such proposed amendments demonstrate “our resolute commitment — after three years of war — to a comprehensive, just and lasting peace in Ukraine”.  However, he underscored that peace cannot be a synonym for capitulation of the aggressed State.  The amendments, he said, also aim to recall that there is an aggressor and an aggressed State, with the Russian Federation having attacked a sovereign State that posed no threat to it.

    The representative of the Russian Federation, for his part, said of today’s text:  “We consider it, overall, as a common-sense initiative.”  It reflects, he said, the desire of the new United States Administration to “really contribute”.  He also proposed several amendments, including inserting language regarding the need to “eradicate the root causes of the Ukrainian crisis”.  On the amendments proposed by the European Council members, he said they “replace the essence of the American text and make it into another anti-Russia ultimatum”.

    None of the five proposed amendments were adopted, either because they failed to obtain the required number of votes or because the Russian Federation cast its veto.

    United States’ Speaker Welcomes Adoption of First Resolution in Three Years on Ukraine Firmly Calling for End to Conflict 

    Following the adoption of the unamended text, the representative of the United States welcomed Council members’ support of the resolution, welcoming the first Council action taken in three years on Ukraine to firmly call for an end to the conflict.  “This resolution puts us on the path to peace,” she affirmed, and although it is a first step, it is a crucial one.  The Council must now use it to build a peaceful future for Ukraine, the Russian Federation and the international community.

    Other Council Members Support Text Overall Yet Raise Concerns

    The representative of France, however, said that, while his country is “fully committed to peace in Ukraine”, Paris calls for a comprehensive, just and lasting peace — “certainly not for capitulation of the victim”.  “There will be no peace and security if aggressors are rewarded and the law of the jungle wins,” he stressed.  Similarly, the representative of the United Kingdom stressed that the terms of peace must send the message that aggression does not pay.  No peace will be sustainable without Ukraine’s consent, she said, voicing regret that her delegation’s proposals making these points clear were not taken on board.

    “There is nobody who wants peace more than Ukrainians and Europeans,” stressed Slovenia’s representative.  However, he observed:  “A person convinced against their will is against you still — there will be peace, but it will be just and it needs to last.”  Building on that, Denmark’s representative stressed that peace must be on the right terms, voicing regret that today’s resolution falls far short of that vision.  “We need to reaffirm our commitment to Ukraine’s sovereignty and territorial integrity,” she stated.

    For his part, the representative of the Republic of Korea — noting that Moscow’s war of aggression has “tragically claimed countless innocent lives” — expressed hope that today’s adoption will provide an opportunity “for all relevant parties to accelerate efforts to achieve just and sustainable peace”.  And while Guyana’s representative said that the text is an important step towards a peaceful end to the war, she said that there would have been added value in affirming support for the UN Charter – particularly States’ obligation to refrain from the threat or use of force against the territorial integrity or political independence of any State.

    Pakistan’s representative — noting that the “priority of peace has remained largely absent and elusive”, even as the security, humanitarian and economic crises have intensified — said:  “A different approach was perhaps required.”  He therefore expressed hope that today’s resolution will “lend impetus to an inclusive peace process that yields a durable solution in accordance with international law”.

    Panama’s representative also voiced support for the resolution, as it is not objectionable due to its simplistic content.  However, “its silence speaks more eloquently than its words”, he observed, adding that his country understands the aftermath of violations of sovereignty and territorial integrity.  “And for our own historic reasons, we have always rejected the aggression of one State against another,” he said.

    Recalling his delegation’s repeated calls for the parties to engage in negotiations to reach a just and permanent peace in the region, the representative of Algeria said that “our call was the only criteria that Algeria used to determine its position today through our vote”.  Similarly, the representative of China, Council President for February, spoke in his national capacity to recall his country’s “consistent principles and propositions on the Ukraine issue”.  He added: “The ultimate solution for any conflict lies at the peace table.”

    Russian Federation Welcomes Changes in United States Position

    Meanwhile, the representative of the Russian Federation welcomed changes in the United States’ position on the Ukrainian conflict.  “It is clear that the militarizing Europe today is the only player internationally which wants the war to continue,” he stated.  And while today’s text is not ideal, it is a first attempt to have a constructive and future-oriented product by the Council.  The key outline of a restored European and international security “can already be seen in the American text and this gives us a certain optimism”, he stated.

    At the outset of the meeting, the representative of France proposed that today’s vote be postponed, expressing concern that the text was introduced “without real negotiations among Council members”.  While the representative of the United Kingdom expressed strong support for that proposal, the representative of the United States opposed it.  Ultimately, that proposal was rejected for failing to obtain a sufficient number of votes.

    MIL OSI United Nations News

  • MIL-OSI Australia: Samstag explores the chaos of communication to open its 2025 exhibition program

    Source: University of South Australia

    25 February 2025

    Chunxiao Qu, An artist doesn’t need a label (Biannual Façade Commission), 2004, Borchardt Library, La Trobe University, Bundoora. La Trobe Art Institute, La Trobe University. Photograph by AJ Taylor. Image courtesy the artist.

    The absurdity of contemporary communication will be on display at the University of South Australia’s Samstag Museum of Art, delivering an insightful and humorous take on how humans are easily misunderstood between the translation of what is said and what is heard.

    Direct, Directed, Directly will kickstart Samstag’s 2025 program for the Parnati season (Parnati meaning autumn in Kaurna culture) from Friday 28 February, coinciding with the launch of the Adelaide Festival.

    Installed across the two levels of the art museum, the exhibition is one of many in Samstag’s annually curated program of innovative and experimental contemporary art from SA and around the world.

    Direct, Directed, Directly explores communication – speaking directly, speaking indirectly, looking for meaning (and not finding it), double meanings and breakdowns.

    Featuring performances, moving images and sounds created by national and international artists, the installation dives into the difficulties between what is said and what is heard. This group exhibition suggests that amid frustration, futility and misunderstanding, there is catharsis to be found in the humour and absurdity of our attempts to connect.

    Director of Samstag Museum of Art Erica Green says the year ahead for Samstag will be a celebration of innovative and thought-provoking contemporary arts practice.

    “Delving into a diverse range of themes – from the absurdity of contemporary communication to the formal qualities of light and movement – our 2025 program will deliver a year of surprising and insightful visual art experiences for everyone to enjoy,” she says.

    Parnati season
    Friday 28 February to Friday 30 May
    2025 Adelaide Festival
    Direct, Directed, Directly

    Artists: Richard Bell (Kamilaroi, Kooma, Jiman and Gurang Gurang), Madison Bycroft, Kuba Dorabialski, Danielle Freakley, Christine Sun Kim and Thomas Mader, Monte Masi and Chunxiao Qu.

    Kudlila season
    20 June to 26 September
    Frank Bauer

    Samstag’s Kudlila Season, Kudlila meaning winter in Kaurna culture, will begin in June with works by Adelaide-based designer, jeweller, silversmith and artist Frank Bauer. Over a career spanning 45 years, the German-born artist’s cross-disciplinary practice is hallmarked by exceptional quality and a breadth of skill. His process begins with the hand – first drawing then progressing to handling, touching, making in his workshop – and results in works that bear human nature first and foremost in mind. A former lecturer at SACAE, an antecedent of the University of South Australia, who has exhibited in Europe and Australia, his work is held in major museums around the world.

    Caption Frank Bauer, Flag pole, detail, 2024. Photograph by Sia Duff.

    North Terrace: worlds in relief
    Artists:
    Andrew Burrell, Allison Chhorn, Louise Haselton, the ArcHitects (Gary Carsley and Renjie Teoh), with poetry by Natalie Harkin (Narungga).
    As the city’s cultural boulevard, North Terrace is emblematic of Tarntanya/Adelaide’s founding on Kaurna Yarta and the conduct of colonial relations today. In this suite of new works, curated by guest curator Jasmin Stephens, artists from Adelaide, NSW and Singapore respond to the city’s environs and the world views that they convey. The exhibition begins with Narungga poet/activist Natalie Harkin’s text Cultural Precinct, first published in 2016. The artists cast a critical eye over North Terrace’s familiar and lesser-known aspects. Invoking histories of sculpture, moving image and design, the exhibition draws on the collection of UniSA’s Architecture Museum.

    Wirltuti Season
    16 October to 5 December
    Sean Cordeiro and Claire Healy: Psychopomp
    NSW-based artistic duo and Samstag scholars (2006) Sean Cordeiro and Claire Healy will premiere their vibrant moving image work Psychopomp alongside a selection of past works for Samstag’s Wirltuti season in 2025 (Wirltuti meaning ‘spring’ in Kaurna culture). Psychopomp is the outcome of the 2024 UniSA Jeffrey Smart Commission. This vibrant moving image work explores the porous relationship between science and mysticism, and rocket technology and spirituality. From NASA’s Apollo, Mercury and Gemini mission names, which are directly inspired by the gods of antiquity, to pioneer rocket scientist Jack Parson’s conversion to Aleister Crowley’s Church of Thelema, Cordeiro and Healy identify a strong spiritual thread in the history of rocket and space exploration. Melding the significant historical text, the poem Hymn to Pan, with footage of farming fertility festivals in Thailand and Laos, Psychopomp explores the expressive potential of motion, technology and pagan rituals.

    5 STEPS FOR BETTER LIVING, MAXIMUM GAINS AND MANIFESTING YOUR MOST OPTIMISED SELF!!
    Adelaide Film Festival Expand Moving Image Commission
    Artists: Nisa East, Anna Lindner and Yasemin Sabuncu.
    5 STEPS… originates from the 2023 AFF EXPAND Lab, a development initiative bringing together filmmakers, artists and screen-based practitioners to develop collaborative approaches to making moving images. 5 STEPS… offers a satirical, critical reflection on the trends of commodified, masculine ‘wellness’ in times of existential crisis. The multi-channel installation draws on experimental performance, surrealism and dark humour to examine the way wellness subcultures can be used to promote self-centred ideas of freedom and success. A series of compelling character studies of the ‘alpha’ personalities and fitness evangelists that populate the manosphere, this work examines the psychological mechanisms of rejecting failure, vulnerability and introspection, and the pursuit of infinite growth at any cost.

    Nisa East, Anna Lindner and Yasemin Sabuncu, 5 STEPS FOR BETTER LIVING, MAXIMUM GAINS AND MANIFESTING YOUR MOST OPTIMISED SELF!!, production still 2024. Still courtesy the artists.

    Ryan Presley
    In 2024, UniSA commissioned Marri Ngarr artist Ryan Presley to paint a portrait of its Chancellor, The Honourable John Hill. To accompany the unveiling of this commission, Samstag will display a selection of works by Presley. Presley’s figurative paintings weave personal and cultural motifs with art historical references. Raised a Catholic, his art practice explores religious iconography, often featuring intricate patterning and human figures set against seductive and lyrical dreamscapes composed of clouds, sand dunes and industrial motifs.

    Samstag Museum of Art is located at UniSA’s City West campus, an easy 15-minute walk from the city centre. Free city trams operate daily. Samstag is open Tuesday to Saturday 10am to 5pm. Visit the website for more information.

    …………………………………………………………………………………

    Media contact: Erica Green, Director Samstag Museum of Art M: +438 821 239 E: erica.green@unisa.edu.au

    MIL OSI News

  • MIL-OSI New Zealand: Activist News – Peace diplomacy must lead in addressing Chinese warships in Tasman Sea – PAW

    Source: Peace Action Wellington

    Over the past five days, a group of Chinese warships has been travelling
    in the Tasman Sea and practicing live fire drills. The NZ Navy and Australian Navy have been deployed to keep watch on the ships’ movements and activities.

    “Alarm over the deployment of Chinese warships is a deeply hypocritical reaction and represents a double-standard of impressive height.
    Moreover, the Prime Minister’s suggestion that weapons spending will go up is opportunistic and in the service of US imperial aims, not NZ security,” said Valerie Morse of Peace Action Wellington.

    “The government is behaving hypocritically: US warships invade and occupy spaces across the globe, enforcing US power and dominance, including directly off the coast of China, something the US itself would never abide by on its own seaboard. Yet not only is there no criticism of the US, there is active participation by the NZDF in the US’s imperial war mongering in places like the Red Sea.”

    “By the same token, New Zealand has previously hosted Chinese warships in the ports of Auckland and Wellington.”

    “No one should be under an illusion any longer that the US represents a force for good in the world or the upholding of international law and norms. The US has declared war on international law and is using its military to enforce US supremacy with missiles. This actively undermines New Zealand security.”

    “At the same time, the Chinese state is an authoritarian nightmare with an aggressive plan for military spending and zero regard for human rights. The experiences in Hong Kong and Xinjiang should be evidence for how much respect China has for basic rights and freedoms.”

    “This is why the response of the New Zealand government should not be to play into the US’s anti-China rhetoric but instead should be a strong voice for peace, diplomacy and disarmament. It is critically important that New Zealand ends participation in dangerous and counterproductive US military activities including active deployments in the Middle East, space launches, training and through the Five Eyes intelligence agencies. Now is the time for a foreign policy that actually puts people and planet first, not weapons companies and US capitalists.”

    MIL OSI New Zealand News

  • MIL-OSI Security: Former Tribal Officer Sentenced to 30 Years in Federal Prison for Aggravated Sexual Abuse and Abusive Sexual Contact

    Source: Office of United States Attorneys

    RAPID CITY – United States Attorney Alison J. Ramsdell announced today that U.S. District Judge Camela C. Theeler has sentenced an Oglala, South Dakota, man convicted of Aggravated Sexual Abuse of a Child and Abusive Sexual Contact of a Child. The sentencing took place on February 20, 2025.

    Oscar Hudspeth, Sr., age 54, was sentenced to 30 years in federal prison for each count to run concurrently, followed by five years of supervised release on each count to run concurrently, and a special assessment to the Federal Crime Victims Fund in the amount of $200. Upon Hudspeth’s release from federal prison, he must register as a sex offender.

    Hudspeth was indicted by a federal grand jury in December 2023. He was found guilty following a federal jury trial in October 2024.

    The conviction stemmed from disclosures in 2023 by a female juvenile who reported that Hudspeth had sexually abused her while her mother was married to him in the early to mid-2000s. The child was forensically interviewed and disclosed that Hudspeth touched her in a sexual manner on more than one occasion while he was her stepfather. The abuse occurred at their home in Oglala and while the child’s mother was working. At the time, Hudspeth worked as a law enforcement officer for the Oglala Sioux Tribe Department of Public Safety.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse, launched in May 2006 by the Department of Justice. Led by the U.S. Attorneys’ Offices and the DOJ’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who exploit children, as well as identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    This matter is being prosecuted by the U.S. Attorney’s Office because the Major Crimes Act, a federal statute, mandates that certain violent crimes alleged to have occurred in Indian Country be prosecuted in federal court as opposed to State court.

    This case was investigated by the FBI. Assistant U.S. Attorney Ann M. Hoffman prosecuted the case.

    Hudspeth was immediately remanded to the custody of the U.S. Marshals Service. 

    MIL Security OSI

  • MIL-OSI Economics: African Development Bank and global public development banks to convene in Cape Town to advance climate resilience

    Source: African Development Bank Group

    WHAT:            Finance in Common Summit 2025

    WHEN:           February 26-28, 2025

    WHERE:         Cape Town, South Africa

    WHO:             The African Development Bank; senior leaders of 530 public development banks                                   representing 155 countries; global development and finance leaders

    The Fifth Finance in Common Summit (FiCS), co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB) with the support of Agence Française de Développement (AFD), will take place this year in Cape Town, South Africa from 26-28 February. The African Development Bank is a sponsor for the event.

    The African Development Bank President Dr Akinwumi Adesina will lead a delegation to the summit which has the theme, Fostering Infrastructure and Finance for Fair and Sustainable Growth. The theme aligns with the objectives of South Africa’s presidency of the G20: Solidarity, Equity, Sustainability.

    Dubbed a “Summit of Solutions,” the event will bring together institutions that manage US$23 trillion in assets (10% of global investments) to address critical infrastructure needs in climate-vulnerable regions and advance financial innovation and sustainable development, focusing on Africa and developing Asian nations. It will focus on three critical pillars: inclusive finance to reduce inequality, digital transformation to bridge technological gaps, and climate-resilient infrastructure development, all aimed at creating a more equitable and sustainable world.

    The African Development Bank delegation also includes Solomon Quaynor, Vice President for Private Sector, Infrastructure & Industrialization; Nnenna Nwabufo, Vice President for Regional Development, Integration and Business Delivery; Hassatou Diop N’Sele, Vice President for Finance and Chief Financial Officer; Leila Farah Mokaddem, Director General for Southern Africa and Moono Mupotola, Deputy Director General for Southern Africa, who will be speaking at sessions across the three days.

    The Finance in Common Summit, launched in 2020, represents the world’s largest gathering of public development banks.

    To request media interviews with members of the Bank’s delegation, please email the contact below.

    Click here to register for the event and more information.

    Join the conversation: #FiCS2025 #SustainableFinance

    MIL OSI Economics

  • MIL-OSI USA: Hickenlooper, Bennet, Colleagues Reintroduce Bill to Combat Wildfires, Drought Across the West

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper
    Protect the West Act would invest $60 billion to reduce wildfire risks, restore watersheds, and protect communities
    WASHINGTON – Today, U.S. Senators John Hickenlooper, Michael Bennet, Ron Wyden, Ruben Gallego, and Jacky Rosen reintroduced the Protect the West Act, which invests $60 billion in forests across the West to reduce wildfire risk, restore watersheds, protect communities, and decrease the cost of fighting wildfires.
    “Colorado’s forests, grasslands, and waterways are the bedrock of our outdoor economy,” said Hickenlooper. “Every effort we make to prevent wildfires and mitigate the impact of climate change is an investment in Colorado’s future.”
    “In the West, our forests, grasslands, and watersheds are essential to our economy and way of life. But they are under threat from the worsening effects of climate change and consistent underinvestment from the federal government,” said Bennet. “As we face a 1,200-year megadrought and wildfire season that never seems to end, we need to break from the status quo and invest in the restoration of our forests and public lands to meet this challenge. We have no time to waste.”
    “Climate change is threatening our way of life in Colorado. We must act,” said Crow. “The Protect the West Act would help combat intensifying wildfires and help better protect Colorado communities.”
    “With summers getting dryer and hotter, the West and Oregon’s treasured lands are a tinderbox waiting to light ablaze,” said Wyden. “In my town halls, I’ve heard countless Oregonians fearing for their health and safety while struggling to maintain their economic livelihood as severe drought and wildfires wreak more havoc on their communities every year. More investments are needed to protect our forests and watersheds so local communities across the West are healthy and can have the opportunity to explore its beautiful natural treasures for generations.”
    “In Arizona and across the West, we face a rapidly growing backlog of projects for wildfire mitigation, drought resilience, and land restoration,” said Gallego. “I’m proud to help introduce the Protect the West Act which will finally give states and tribes the tools they need to take on these projects, all while creating good-paying jobs and boosting rural economies.”
    “Nevada’s forests and public lands are increasingly susceptible to wildfires, drought, and other extreme weather events. We need to do everything we can to protect our communities from the damage caused by these disasters and bolster our ability to recover,” said Rosen. “This critical legislation will support Nevada’s wildfire mitigation and restoration efforts, helping to keep Nevadans safe. I’ll always work to ensure Nevada has the resources it needs to fight wildfires and other weather-related events.”
    In the West, our strong outdoor rec industry and our agricultural communities depend on healthy lands, forests, and waterways. Increasingly frequent wildfires threaten those communities and our economy.
    Currently, the federal government spends approximately $2.9 billion to fight wildfires every year, with costs expected to increase by a billion by 2050. Already, the U.S. spent nearly $48 billion fighting wildfires over the last five years.
    Preventing wildfires before they even start is thirty times more cost-effective. Investing in fire mitigation and making our communities more resilient will save taxpayers money by reducing response and recovery costs.
    Specifically, the Protect the West Act would:
    Establish an Outdoor Restoration & Watershed Fund to better support local efforts to restore forests and watersheds, reduce wildfire risk, clean up public lands, enhance wildlife habitat, remove invasive species, and expand outdoor access
    Establish an advisory council of local, industry, conservation, Tribal, and national experts to advise funding priorities, coordinate with existing regional efforts, and provide oversight
    Empower local leaders by making $20 billion directly available to state and local governments, Tribes, special districts, and nonprofits to support restoration, drought resilience, and fire mitigation projects
    Partner with states and Tribes to invest $40 billion to tackle the backlog of restoration, fire mitigation, and resilience projects
    Create or sustain over two million good-paying jobs, primarily in rural areas, to support existing industries like forest product, agriculture, and outdoor recreation
    Save landowners and local governments money by investing in wildfire prevention and natural hazard mitigation.
    “The Protect the West Act is a significant investment in Colorado’s natural resources and Colorado is proud to support its reintroduction in the US Senate,” said Dan Gibbs, Executive Director, Colorado State Department of Natural Resources. “As Colorado experiences drought and continued threats from devastating wildfires, now is the time to invest in Colorado’s forests, watersheds, and landscapes that drive economic activity across the west, employ thousands of Americans, and provide environmental and ecological benefits to our communities and wildlife.”
    “One of the greatest threats to our Tribal lands are the devastating wildfires caused by the extreme drought conditions in the western United States,”said the Southern Ute Indian Tribe. “Sen. Bennet’s Protect the West Act will provide much needed investment in conservation, restoration and wildfire mitigation. A key component of this legislation is Sen. Bennet’s recognition of the importance that Tribes have in land use and regulation, assuring that funds will be made available directly to Tribes for maintenance of our forests, watersheds and rangeland. Moreover, he assures that Tribes will have a seat at the table in determining the distribution of funds, ensuring that there will be a tribal representative working alongside our state and federal partners on the Restoration Fund Advisory Council. We thank Sen. Bennet for introduction of this important legislation and look forward to its swift passage in Congress.”
    “Healthy watersheds face numerous challenges, including increasing drought, longer and hotter fire seasons, disconnected watersheds and degraded streams that no longer support healthy fisheries. The most effective way to tackle this challenge is through partnerships and collaborative conservation at the landscape scale,” said Chris Wood, President and CEO of Trout Unlimited. “The Protect the West Act would foster collaboration and provide resources for public-private partnerships to restore lands and waters across multiple jurisdictions, creating jobs and better fishing along the way. We thank Senator Bennet for his leadership and vision to restore our lands and waters at the scope and scale that will make a difference for future generations.”
    “The Colorado River District’s highest priority is to protect the water security of Western Colorado. Water security starts with our forests,” said Andy Mueller, General Manager, Colorado River District. “Our largest source of water is the snowpack that develops in our forests above 9,000 feet in elevation, mostly on federal lands. Sen. Michael Bennet’s $60 billion Protect the West Act proposal is a direct water security initiative through the funding of proactive watershed protection actions. These actions would help prevent catastrophic fires and start restoration work where warming temperatures and fires have already done harm. It’s noteworthy that $20 billion will be available to fund projects generated at the state and local levels. We applaud Senator Bennet for advocating for important western priorities in the Senate.”
     “I support the Senator’s Protect the West Act. This is a great first step in recognizing and acknowledging the problem that was created over 30 years ago,” said Merrit Linke, Grand County Commissioner. “The lack of proactive management and the ‘hands-off’ approach is now clearly having devastating effects on our communities, forest health and sustainable watersheds. This bill addresses this problem, provides much needed funding, and hopefully is the beginning of a new era in resource management. Now it is time to get to work.”
     “As Western communities continue to face the threats and the impacts of the climate crisis, now is the time to pursue initiatives that will help us become more resilient,” said Jon Goldin-Dubois, President of Western Resource Advocates. “The Protect the West Act will provide critical resources to help Western states mitigate wildfire, restore forests, improve air and water quality, and advance equity, all while pumping billions of dollars into local economies and supporting millions of good-paying jobs; it’s a true win-win. We applaud Senator Bennet for his leadership and look forward to supporting this legislation to build a more resilient West.”
    “Healthy forests support fish and wildlife habitat and outdoor access important to hunters, anglers, and recreationists in Colorado and across the nation,” said Joel Pedersen, CEO, Theodore Roosevelt Conservation Partnership. “However, decades of inadequate funding for forest management have placed a strain on the National Forest System that will require active management and sustained funding to increase workforce capacity. Further, these investments will help to ensure we’re better prepared to address the growing risks associated with wildfire.  The TRCP applauds the proactive investments in our forests and watersheds and the additional resources for growing the forest management workforce provided through the Protect the West Act.”
    The bill is supported by: The National Wildlife Federation, the Southern Ute Indian Tribe, National Association of State Foresters, The Freshwater Trust, American Forests, National Wild Turkey Federation, National Audubon Society, Family Farm Alliance, Theodore Roosevelt Conservation Partnership, Western Landowners Alliance, Western Resource Advocates, Trout Unlimited, and Conservation Legacy.
    U.S. Representative Jason Crow introduced companion legislation in the House.
    The full text of the bill is available HERE.

    MIL OSI USA News

  • MIL-OSI: GigaCloud Technology Inc to Announce Fourth Quarter and Full Year 2024 Financial Results on March 3, 2025

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024 after the market closes on Monday, March 3, 2025. The Company will host a conference call to discuss its financial results on the same day at 5:30 PM Eastern Time.

    To access the conference call, participants should pre-register here to receive the dial-in information and a unique PIN. All participants are encouraged to dial-in 15 minutes prior to the conference call’s 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/news-events/events.

    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/

    The MIL Network

  • MIL-OSI USA: McConnell on Three-Year Anniversary of Russia’s Escalation in Ukraine

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell
    Washington, D.C. – U.S. Senator Mitch McConnell (R-KY) issued the following statement today regarding the three-year anniversary of Russia’s escalation in Ukraine:
    “Three years ago today, as Russia escalated its unprovoked 2014 invasion and occupation of Ukraine, I predicted that the world would watch closely how the United States responded. Foes would search for signs of weakness, and friends would hope for signs of strength. I shared this hope – and have worked hard to help realize it – but have more often shared disappointment in costly failures.
    “For years, even as Ukraine’s brave defense of its sovereignty exceeded expectations, America’s response under President Biden was a sluggish, piecemeal affair constantly plagued by self-deterring fears of Russian escalation. Time and time again, the previous Administration squandered opportunities for decisive battlefield impact by withholding critical weapons from Ukraine until political pressure forced its hand.
    “Meanwhile, this terrible conflict has driven many European NATO allies to make long-overdue investments in defense industrial capacity. Over the past three years, Europe’s aid commitments to Ukraine have more than doubled the United States’. Today, the trans-Atlantic alliance looks with greater suspicion at the influence of Putin’s strategic partner in Beijing.
    “Likewise, from the other side of the globe, Indo-Pacific allies recognize that Russian success in Ukraine will encourage the PRC’s own ‘special military operations’ and coordinated aggression across their region. They’ve left little room for doubt – by vocal and material support for Ukraine – that the consequences of Western weakness would be global. If America’s primary strategic objective is deterring Chinese aggression, it is difficult to imagine a more self-defeating step than the willful alienation of the allies we will need to accomplish it, in Europe and Asia, alike.
    “But even as America’s allies see our interests converging and the most successful military alliance in the history of the world restores its commitments to hard power, the previous Administration’s shameful hesitation and half-measures threaten to give way to something even more disgraceful: the obstinate denial of America’s security interest in Ukraine’s success. Refusing to acknowledge Russia as the undeniable and unprovoked aggressor is more than an unseemly moral equivalency – it reflects a gross misunderstanding of the nature of negotiations and leverage.
    “Blame for this human catastrophe rests solely on Vladimir Putin. Here’s how we know: If Russian forces laid down their arms, Europe would be at peace. If Ukrainian forces laid down theirs, Putin’s aims would not stop with Kyiv. Mistaking this fact is as embarrassing as it is costly.
    “‘Peace for our time’ is a noble end, but hope that appeasement will check the ambitions of this aggressor is as naïve today as it was in 1939. America is right to seek an end to this war, but an end that fails to constrain Russian ambition, ensure Ukrainian sovereignty, or strengthen American credibility with both allies and adversaries is no end at all. Instead, such a hollow peace would invite further aggression.
    “Today, an axis of aggressors from Beijing to Moscow seeks an outcome in Ukraine that undermines the credibility of American deterrence and leaves U.S. interests more vulnerable. Without a clear and resolute commitment to the leadership and order that underpins our prosperity and security, America’s adversaries will receive exactly what they hope for. There is no question that the entire world is watching.”

    MIL OSI USA News

  • MIL-OSI United Nations: Human Rights Council Opens Fifty-Eighth Regular Session and Holds Minute of Silence for Victims of Human Rights Violations

    Source: United Nations – Geneva

    The Human Rights Council this morning opened its fifty-eighth regular session, hearing statements from the President of the General Assembly, the United Nations Secretary-General, the United Nations High Commissioner for Human Rights, and the Head of the Federal Department of Foreign Affairs of Switzerland.  The President of the Council called for a minute of silence for victims of human rights violations around the world. 

    Jürg Lauber, President of the United Nations Human Rights Council, declared the fifty-eighth session of the Human Rights Council open, saying they were gathered at a time of profound global challenges and an alarming backlash against human rights around the world.  The Council’s responsibility was to make a tangible impact on people’s lives.  Victims of human rights violations needed to be at the centre of discussions.  The international community needed to rise to the challenge and reaffirm that human rights were not optional; they were essential for peace, security and development. 

    Philemon Yang, President of the General Assembly, said the three pillars of the United Nations were deeply interwoven.  Upholding human rights was fundamental to achieving lasting peace and security, and constituted a sound basis for the realisation of the 2030 Agenda for Sustainable Development.  The world faced serious global challenges and was witnessing a sharp decline in human rights, with growing violations and often brazen disregard for international humanitarian law.  The human suffering and destruction of civilian infrastructure in Gaza, Ukraine, Sudan, Haiti and the Democratic Republic of the Congo were intolerable; these injustices must end.  Mr. Yang said protecting human rights and dignity was a cornerstone of his role as President of the General Assembly. 

    António Guterres, United Nations Secretary-General, said the session was beginning under the weight of a grim milestone: the third anniversary of Russia’s invasion of Ukraine, in violation of the United Nations Charter.  Human rights were the oxygen of humanity.  But one by one, human rights were being suffocated: by autocrats; by a patriarchy that kept girls out of school, and women from basic rights; by wars and violence; by warmongers who disregarded international law and the United Nations Charter; by the climate crisis; by a morally bankrupt global financial system; by runaway technologies like artificial intelligence; by growing intolerance against entire groups; and by voices of division and anger.  This represented a direct threat to all the hard-won mechanisms and systems established over the last 80 years to protect and advance human rights. 

    Volker Türk, United Nations High Commissioner for Human Rights, said the international system was going through a tectonic shift, and the human rights edifice built up over decades had never been under so much strain.  Last year, the Office contributed to the release of some 3,145 arbitrarily detained people and took part in some 11,000 human rights monitoring missions.  It also observed nearly 1,000 trials, and documented some 15,000 situations of human rights violations around the world.  Mr. Türk said upholding human rights made eminent sense for stability, for prosperity, for a better common future, and was a winning proposition for humanity. 

    Ignazio Cassis, Head of the Federal Department of Foreign Affairs of Switzerland, said today, he had mixed feelings.  He was proud because Switzerland had been elected to the Human Rights Council and because Ambassador Lauber had been elected as the Council’s President, the first appointment of a Swiss President to the Council.  However, Mr. Cassis said, he was also deeply concerned as they lived in a time of global uncertainty, influenced by the climate crisis and global authoritarianism; a large portion of the global population lived under authoritarian rule. In this context, the Council had a duty to act. 

    The webcast of the Human Rights Council meetings can be found here.  All meeting summaries can be found here.  Documents and reports related to the Human Rights Council’s fifty-eighth regular session can be found here.

    The fifty-eighth session of the Council is being held from 24 February to 4 April.  At 10 a.m., the Council started its high-level segment.

    Opening Remarks by the President of the Council

    JÜRG LAUBER, President of the United Nations Human Rights Council, declared the fifty-eighth session of the Human Rights Council open.  They were gathered at a time of profound global challenges and an alarming backlash against human rights around the world.  All needed to reflect on whether they were doing enough to protect the most vulnerable.  When human rights weakened, conflicts escalated, and societies fractured. Today, they were seeing this play out in real time with the escalation of violations and the shrinking of human rights protections.  This required an urgent response.  The Council’s responsibility was to make a tangible impact on people’s lives. Victims of human rights violations needed to be at the centre of discussions.  Their dignity needed to be everyone’s priority, Mr. Lauber said.

    Mr. Lauber said all needed to rise to the challenge and reaffirm that human rights were not optional; they were essential for peace, security and development. They needed to engage in earnest discussions and ensure that their words translated into actions, he concluded.

    At the request of the President, the Council held a minute’s silence in memory of victims of human rights violations around the world.

    Statements by Keynote Speakers

    PHILEMON YANG, President of the General Assembly, congratulated the President of the Council and the Bureau on their election. The three pillars of the United Nations were deeply interwoven.  Upholding human rights was fundamental to achieving lasting peace and security, and constituted a sound basis for the realisation of the 2030 Agenda for Sustainable Development.  The world faced serious global challenges and was witnessing a sharp decline in human rights, with growing violations and often brazen disregard for international humanitarian law.  Those violations had devastating consequences: more than 300 million people now required humanitarian assistance.  In every conflict, the victims were often women, children and minorities who bore the heaviest burden.  The human suffering and destruction of civilian infrastructure in Gaza, Ukraine, Sudan, Haiti and the Democratic Republic of Congo were intolerable; these injustices must end.  Even war had rules.  Civilians must never be targets. 

    The recent special session and the establishment of an independent fact-finding mission to investigate and document violations in the eastern Democratic Republic of the Congo were good symbols.  The Council had demonstrated its availability to act swiftly and uphold accountability.  The recent ceasefire and hostage release deal in Gaza offered a glimmer of hope.  Just and lasting peace in the Middle East depended on the two State solution, which would allow Israel and Palestine to exist in peace and stability.  Dialogue was a powerful weapon which needed to be used for peace everywhere.  With the eightieth anniversary of the United Nations approaching, calls for global peace needed to be more resolute, harnessing the powerful symbolism of this milestone year.

    Last September, world leaders unanimously adopted the Pact for the Future, along with the Global Digital Compact and the Declaration for Future Generations.  The Pact charted a course toward a more just, equitable, and sustainable world, and reaffirmed international law, including the Charter of the United Nations, the Universal Declaration of Human Rights and international humanitarian law.  The challenge now was implementation which required full global mobilisation, with robust engagement from governments, United Nations agencies, and civil society.   Organizations in Geneva would play a critical role in this process.

    Mr. Yang said protecting human rights and dignity was a cornerstone of his role as President of the General Assembly.  Last month, he convened a signature event on preserving dignity in armed conflict.  He was encouraged by the strong political will of Member States to uphold and reinforce their commitment to international humanitarian law.  Advocacy would be continued to eliminate child labour in all forms, including in armed conflict, and a discussion on child labour would be held in this regard. 

    Additionally, in the coming months, a high-level meeting would be convened to consider the recommendations of the working group on aging, to ensure older persons had full enjoyment of their human rights.  The spirit that guided the decision of Member States last December to declare a second International Decade for People of African Descent would be upheld.  Mr. Yang said he would convene the annual commemorative meetings for the International Day for the Elimination of Racial Discrimination and the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade.

    Mr. Yang said he had joined the gender champions network, pledging to promote gender equality and empowerment and implementing a gender perspective throughout the work of the General Assembly.  He had re-established the Advisory Board on Gender Equality to focus on women’s economic empowerment and was happy that the Human Rights Council had followed this good practice.  Additionally, co-facilitators had been appointed to lead consultations in preparation for a high-level meeting, which would commemorate the thirtieth anniversary of the Fourth World Conference on Women and the landmark Beijing Declaration and Platform for Action—Beijing+30.

    This year marked the thirtieth anniversary of the World Programme for Youth, underscoring the critical role of young people in driving sustainable development.  A discussion would be held in May on how digitalisation could enhance the Sustainable Development Goals.  Throughout these engagements, Mr. Yang said he would outline the importance of civil society’s work in enhancing human rights.  The annual high-level debate on crime prevention would be held, which would mark the ten-year anniversary of the Nelson Mandela Rules.  This year, the Nelson Mandela prize would also be awarded to two individuals who had dedicated their lives to serving humanity.  States and relevant stakeholders were invited to submit their nominations this month. 

    These topics aimed to promote human rights and preserve human dignity for all everywhere.  Strengthening cooperation between the General Assembly and the Human Rights Council had never been more urgent.  The shared goal of the two mechanisms was upholding human rights and dignity, for everyone, everywhere. 

    ANTÓNIO GUTERRES, United Nations Secretary-General, said the session was beginning under the weight of a grim milestone: the third anniversary of Russia’s invasion of Ukraine, in violation of the United Nations Charter.  More than 12,600 civilians had been killed, with many more injured.  Entire communities had been reduced to rubble, hospitals and schools destroyed.  All needed to spare no effort to bring an end to this conflict and achieve a just and lasting peace in line with the United Nations Charter, international law and General Assembly resolutions.  Conflicts like the war in Ukraine exacted a heavy toll on people; on fundamental principles like territorial integrity, sovereignty and the rule of law; and on the vital business of this Council.  Without respect for human rights — civil, cultural, economic, political and social — sustainable peace was a pipedream.

    Like the Council, human rights shone a light in the darkest places. Through its work, and the work of the High Commissioner’s Office around the world, the Council was supporting brave human rights defenders risking persecution, detention and even death.  It was working with governments, civil society and others to strengthen action on human rights.  And it was supporting investigations and accountability.  Five years ago, the United Nations launched its Call to Action for Human Rights, embedding human rights across the work of the United Nations around the world in close cooperation with partners.  Mr. Guterres said he would continue supporting this important work, and the High Commissioner’s Office, as the United Nations fought for human rights everywhere.

    Mr. Guterres said that human rights were the oxygen of humanity.  But one by one, human rights were being suffocated — by autocrats, crushing opposition because they feared what a truly empowered people would do; by a patriarchy that kept girls out of school, and women at arm’s length from basic rights; by wars and violence that stripped populations of their right to food, water and education; and by warmongers who thumbed their nose at international law, international humanitarian law and the United Nations Charter.

    Human rights were being suffocated by the climate crisis; by a morally bankrupt global financial system that too often obstructed the path to greater equality and sustainable development; by runaway technologies like artificial intelligence that held great promise, but also the ability to violate human rights at the touch of a button; by growing intolerance against entire groups — from indigenous peoples, to migrants and refugees, to the lesbian, gay, bisexual, transgender, queer and intersex plus community, to persons with disabilities; and by voices of division and anger who viewed human rights not as a boon to humanity, but as a barrier to the power, profit and control they sought.  In short, human rights were on the ropes and being pummelled hard.  This represented a direct threat to all the hard-won mechanisms and systems established over the last 80 years to protect and advance human rights.

    But as the recently adopted Pact for the Future reminded all, human rights were, in fact, a source of solutions.  The Pact provided a playbook on how the world could win the fight for human rights on several fronts.

    First, human rights through peace and peace through human rights. Conflicts inflicted human rights violations on a massive scale.  In the Occupied Palestinian Territory, violations of human rights had skyrocketed since the horrific Hamas attacks of October 7 and the intolerable levels of death and destruction in Gaza.  Mr. Guterres expressed grave concern about the rising violence in the occupied West Bank by Israeli settlers and other violations, as well as calls for annexation. The world was witnessing a precarious ceasefire.  The world needed to avoid at all costs a resumption of hostilities.  The people in Gaza had already suffered too much.  It was time for a permanent ceasefire, the dignified release of all remaining hostages, irreversible progress towards a two-State solution, an end to the occupation, and the establishment of an independent Palestinian State, with Gaza as an integral part.

    In Sudan, bloodshed, displacement and famine were engulfing the country. The warring parties needed to take immediate action to protect civilians, uphold human rights, cease hostilities and forge peace.  Domestic and international human rights monitoring and investigation mechanisms needed to be permitted to document what was happening on the ground.

    In the Democratic Republic of the Congo, the world was seeing a deadly whirlwind of violence and horrifying human rights abuses, amplified by the recent M23 offensive, supported by the Rwandan Defence Forces.  As more cities fell, the risk of a regional war rose.  It was time to silence the guns, time for diplomacy and dialogue.  The recent joint summit in Tanzania offered a way forward with a renewed call for an immediate ceasefire.  The sovereignty and territorial integrity of the Democratic Republic of the Congo needed to be respected.  The Congolese people deserved peace.

    Mr. Guterres called for a renewed regional dialogue in the Sahel to protect citizens from terrorism and systemic violations of human rights, and to create the conditions for sustainable development.

    In Myanmar, the situation had grown far worse in the four years since the military seized power and arbitrarily detained members of the democratically elected government.  The world needed greater cooperation to bring an end to the hostilities and forge a path towards an inclusive democratic transition and a return to civilian rule, allowing for the safe return of the Rohingya refugees.

    In Haiti, the world was seeing massive human rights violations, including more than a million people displaced, and children facing a horrific increase in sexual violence and recruitment into gangs.  Mr. Guterres said that in the coming days, he would put forward proposals to the United Nations Security Council for greater stability and security for the people of Haiti, namely through an effective United Nations assistance mechanism to support the Multilateral Security Support Mission, the national police and Haitian authorities.  A durable solution required a political process led and owned by the Haitian people that restored democratic institutions through elections. 

    The Pact for the Future called for peace processes and approaches rooted in the Universal Declaration of Human Rights, international law and the United Nations Charter.  It proposed specific actions to prioritise conflict prevention, mediation, resolution and peacebuilding.  It also included a commitment to tackle the root causes of conflict, which were so often enmeshed in denials of basic human needs and rights.

    Second, the Pact for the Future advanced human rights through development. The Sustainable Development Goals and human rights were fundamentally intertwined.  They represented real human needs: health, food, water, education, decent work and social protection.  With less than one-fifth of the Goals on track, the Pact called for a massive acceleration through a Sustainable Development Goal Stimulus, reforming the global financial architecture, and taking meaningful action for countries drowning in debt.  This needed to include focused action to conquer the most widespread human rights abuse in history: inequality for women and girls.  The Pact called for investing in battling all forms of discrimination and violence against women and girls, and ensuring their meaningful participation and leadership across all walks of life.

    Along with the Declaration on Future Generations, the Pact also called for supporting the rights and futures of young people through decent work, removing barriers for youth participation, and enhancing training.  The Global Digital Compact called on nations to champion young innovators, nurture entrepreneurial spirit, and equip the next generation with digital literacy and skills.

    Third, the Pact for the Future recognised that the rule of law and human rights went hand-in-hand.  The rule of law, when founded on human rights, was an essential pillar of protection. It shielded the most vulnerable. It was the first line of defence against crime and corruption.  It supported fair, just and inclusive economies and societies.  It held perpetrators of human rights atrocities to account.  It enabled civic space for people to make their voices heard, and for journalists to carry out their essential work, free from interference or threats.  It also reaffirmed the world’s commitment to equal access to justice, good governance, and transparent and accountable institutions.

    Fourth, the world needed to achieve human rights through climate action. Last year was the hottest on record, capping the hottest decade on record.  Rising heat, melting glaciers and hotter oceans were a recipe for disaster. Floods, droughts, deadly storms, hunger, mass displacement — the war on nature was also a war on human rights.  The world needed to choose a different path. Mr. Guterres said he saluted the many Member States who legally recognised the right to a healthy environment, and he called on all countries to do the same. 

    Governments needed to keep their promise to produce new, economy-wide national climate action plans this year, well ahead of the thirtieth Conference of the Parties in Brazil.  Those plans needed to limit the rise in global temperature to 1.5 degrees, including by accelerating the global energy transition.  The world also needed a surge in finance for climate action in developing countries, to adapt to global heating, slash emissions and accelerate the renewables revolution, which represented a massive economic opportunity. They needed to stand up to the misleading campaign of many in the fossil fuel industry and its enablers, who were aiding and abetting this madness, while also protecting and defending those on the front lines of climate justice.

    Fifth, the Pact promoted human rights through stronger, better governance of technology.  Mr. Guterres expressed deep concern about human rights being undermined as fast-moving technologies expanded into every aspect of everyone’s lives.  At its best, social media was a meeting ground for people to exchange ideas and spark respectful debate.  But it could also be an arena of fiery combat and blatant ignorance; a place where the poisons of misinformation, disinformation, racism, misogyny and hate speech were not only tolerated, but often encouraged.  Verbal violence online could easily spill into physical violence in real life.  Recent rollbacks on fact-checking and content moderation online were re-opening the floodgates to more hate, more threats, and more violence.  These rollbacks would lead to less free speech, not more, as people became increasingly fearful to engage on these platforms.  Meanwhile, the great promise of artificial intelligence was matched by limitless peril to undermine human autonomy, human identity, human control and human rights.

    In the face of these threats, the Global Digital Compact brought the world together to ensure that human rights were not sacrificed on the altar of technology. This included working with digital companies and policymakers to extend human rights to every corner of cyberspace, including a new focus on information integrity across digital platforms. Mr. Guterres said the Global Principles for Information Integrity that he launched last year would support and inform this work as all pushed for a more humane information ecosystem.

    The Global Digital Compact also included the first universal agreement on the governance of artificial intelligence that brought every country to the table and set commitments on capacity building, so all countries and people benefited from artificial intelligence’s potential — by investing in affordable internet, digital literacy, and infrastructure; by helping developing countries use artificial intelligence to grow small businesses, improve public services, and connect communities to new markets; and by placing human rights at the centre of artificial intelligence-driven systems. The Pact’s decisions to create an Independent International Scientific Panel on Artificial Intelligence and an ongoing global dialogue that ensured all countries had a voice in shaping its future were important steps forward.  All needed to implement them, Mr. Guterres said.

    Mr. Guterres said all could help end the suffocation of human rights by breathing life into the Pact for the Future and the work of this Council.  He called for the Council’s cooperation, saying that there was no time to lose.

    VOLKER TÜRK, United Nations High Commissioner for Human Rights, said the international system was going through a tectonic shift, and the human rights edifice built up over decades had never been under so much strain. Today marked the third anniversary of the full-scale Russian invasion of Ukraine.  Any sustainable peace must be anchored in the rights, needs and aspirations of the Ukrainian people, in accountability, and in the principles of the United Nations Charter and international law.  In Israel and the Occupied Palestinian Territory, where the suffering had been unbearable, Mr. Türk repeated his call for an independent investigation into grave violations of international law, committed by Israel in its attacks across Gaza, and by Hamas and other Palestinian armed groups. Any sustainable solution must be based on accountability, justice, the right to self-determination, and the human rights and dignity of both Israelis and Palestinians.  Any suggestion of forcing people from their land was completely unacceptable. 

    Beyond Ukraine and Gaza, conflicts and crises were tearing communities and societies apart, from Sudan to the Democratic Republic of the Congo, Haiti, Myanmar and Afghanistan.  Social tensions were rising; the richest one per cent controlled more wealth than most of humanity; and the climate crisis was a human rights catastrophe.  Digital technologies were widely misused to suppress, limit and violate rights, with artificial intelligence bringing new speed and scale.  This was the backdrop against which the Office and the broader human rights ecosystem, including the Council, were working to safeguard and promote the rights of everyone, everywhere. 

    Last year, the Office contributed to the release of some 3,145 arbitrarily detained people and took part in some 11,000 human rights monitoring missions; observed nearly 1,000 trials, and documented some 15,000 situations of human rights violations around the world.  In addition to daily interventions with governments, the team issued about 245 statements, shining a light on human rights concerns in some 130 countries.  Teams on the ground contributed to human rights-based approaches to sustainable development, taxation and public spending, from Cambodia to Jordan and Serbia. Mr. Türk called on the international community to ensure the Office, national human rights institutions, and human rights non-governmental organizations could continue their essential work. 

    Since the adoption of the Universal Declaration of Human Rights, despite setbacks, there had been steady progress, but today this could no longer be taken for granted.  The global consensus on human rights was crumbling under the weight of authoritarians, strongmen and oligarchs, with autocrats now controlling around one-third of the world’s economy, more than double the proportion 30 years ago. 

    Everywhere, there were attempts to ignore, undermine, and redefine human rights, to chip away at gender equality and the rights of migrants, refugees, people with disabilities, and other minorities. 

    There needed to be an all-out effort by everyone, to make sure that human rights and the rule of law remained foundational to communities, societies and international relations.  Otherwise, the picture was very dangerous.  In previous centuries, the unrestrained use of force by the powerful, indiscriminate attacks on civilians, population transfers, and child labour were commonplace.  Dictators could order atrocity crimes consigning vast numbers of people to their deaths.  This could happen again.  But the world was far from powerless to prevent it.  The tools were the United Nations Charter, the Universal Declaration of Human Rights; the body of international law; and the institutions that worked to implement them.

    Today, there needed to be an alternative vision, rooted in facts, the law and compassion.  Human rights were about facts.  That was why the Office was monitoring, documenting, and reporting on violations and abuses in war zones and crises around the world, including Ukraine, the Occupied Palestinian Territory, the Democratic Republic of the Congo, Myanmar, Sudan, Syria, Afghanistan and Haiti.  Facts on their own could and must prompt action, which was why the work of the Council, and the other human rights mechanisms, was so important.  International legal frameworks and institutions, including the International Criminal Court, were fundamental to ensuring justice and achieving accountability, preventing future violations, and making the world safer for everyone. It was also important to have strong institutions at the national level to protect vulnerable people.

    Finally, human rights were nothing without compassion, going beyond thought leadership, to heart leadership.  Human rights had been central to movements for equality and justice throughout history and had the universal power to move people to action. In countries where human rights were not widely respected, people would risk their lives to defend them.  Mr. Türk paid tribute to brave human rights activists everywhere.  Upholding human rights made eminent sense for stability, for prosperity, for a better common future, and was a winning proposition for humanity. 

    IGNACIO CASSIS, Chief of the Federal Department of Foreign Affairs of Switzerland, said today, he had mixed feelings — a sense of pride and deep worry.  He said he was proud because Switzerland had been elected to the Human Rights Council and because Ambassador Lauber had been elected as the Council’s President, the first appointment of a Swiss President to the Council.

    However, Mr. Cassis said, he was also deeply concerned as they lived in a time of global uncertainty, influenced by the climate crisis and global authoritarianism — a large portion of the global population lived under authoritarian rule.  In this context, the Council had a duty to act.

    Last year was marked by major elections.  More than four billion citizens, half of the world’s population, went to the ballot box.  This was a test for global democracy, and the result of these elections was deep unease. Young people were becoming more radical and social networks were exposing all to unfiltered hatred. Globalisation had reduced poverty but had led to deindustrialisation.  Identity claims had taken on a scale that was destabilising societies.  Social networks and the climate crisis were fuelling a sense of chaos and distrust in governments.

    Human rights were a fundamental bedrock on which all could stabilise societies. Rights to free and transparent elections, the right to work and the right to a sustainable environment were all very important, but the challenges to these and all rights were growing. Today, the world marked the third anniversary of the war in Ukraine.  There was also conflict in the Middle East, instability in southern Africa and war in sub-Saharan Africa.  It was more necessary than ever before to focus efforts on fundamental rights, including the right to education, ownership and the total prohibition of torture and slavery.  The Human Rights Council needed to act in a united manner and with determination. Concerted action was needed to guarantee peace and stability.  This was something the Swiss Presidency could achieve.

    Human rights were not a luxury but a necessity.  Switzerland was concerned by the decisions of some Member States to withdraw from the Council.  Every member of the United Nations needed to shoulder their responsibilities toward human rights.  Mr. Cassis expressed his full support for Ambassador Lauber, whose experience inside and outside the United Nations system would serve him well.

    Switzerland would also endeavour to uphold international humanitarian law and human rights as pillars of peace and security, as a member of the United Nations Security Council.  The state of the world was a reminder that Switzerland’s mission was far from complete. Mr. Cassis closed by wishing the Council fruitful discussions.

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