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Category: Asia

  • MIL-OSI Economics: Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM

    Source: Reserve Bank of India

    RBI/2024-25/115
    FMRD.MIOD.No.15/11.01.051/2024-25

    February 17, 2025

    To

    All participants in Government Securities market

    Madam/Sir,

    Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM

    Transactions in Government securities in the Over the Counter (OTC) market are currently undertaken either on Negotiated Dealing System – Order Matching (NDS-OM) platform or are bilaterally negotiated outside the system and subsequently reported on NDS-OM. All transactions matched on NDS-OM platform are cleared and settled through the Clearing Corporation of India Limited (CCIL), which acts as a Central Counter Party (CCP) for transactions in Government securities.

    2. At present, transactions between a Primary Member (PM) and its own Gilt Account Holder (GAH) and between two GAHs of the same PM are not permitted to be matched on NDS-OM and are also not cleared and settled through CCIL. On a review and based on the feedback received, it has been decided to:

    1. Permit matching of transactions between a PM and its own GAH or between two GAHs of the same PM on both the anonymous Order Matching segment and the Request for Quote (RFQ) segment of NDS-OM. Transactions matched on NDS-OM shall be cleared and settled through CCIL.

    2. Extend the facility of clearing and settlement through CCIL to transactions between a PM and its own GAH or between two GAHs of the same PM which are bilaterally negotiated and reported to NDS-OM, on an optional basis.

    3. Any failure in the settlement of these transactions shall be treated as an instance of ‘SGL bouncing’ in terms of RBI circular “Government securities Act, 2006, Section 27 and 30 – Imposition of penalty for bouncing of SGL forms” dated July 14, 2010, as amended from time to time, and will be subjected to the applicable penal provisions, as specified therein.

    4. Detailed operational guidelines in this regard will be issued by CCIL.

    5. The Directions contained in this circular have been issued under Section 45W of Chapter IIID of the Reserve Bank of India Act, 1934 and are without prejudice to permissions/ approvals, if any, required under any other law.

    Yours faithfully,

    (Dimple Bhandia)
    Chief General Manager

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI Asia-Pac: Journey of NQM’s Quantum Sensing and Metrology Hub with lab grown technologies at IIT Bombay

    Source: Government of India

    Posted On: 17 FEB 2025 4:29PM by PIB Delhi

    The Photonics and Quantum Sensing Technology Lab at IIT Bombay is ready with some technologies that can give the newly initiated Quantum Sensing and Metrology Hub a kick start into the world of quantum technologies.

    These include the quantum diamond microscope and the portable magnetometer at the P-Quest Lab headed by Professor Kasturi Saha.

    Prof Saha is the Project Director of the newly initiated Quantum Sensing and Metrology Hub, Qmet Tech Foundation, established by IIT Bombay under the National Quantum Mission (NQM).

    The young Professor who along with her group explores and pushes the boundaries of precision metrology, sensing and imaging, using unprecedented opportunities presented by novel interdisciplinary research in fields like nano-photonics, classical and quantum information processing and life sciences, is now playing a crucial role in bringing together top minds, groundbreaking research, and transformative ideas to accelerate the quantum revolution.

    The structure of Qmet, one of the four thematic hubs created under NQM being implemented by the Department of Science and Technology (DST), Government of India comprises of 16 institutes and 40 researchers located across India who are working with a shared sense of purpose to achieve the common goal through collaboration, cooperation, and effective communication.

    It aims to bridge fundamental research and practical applications in Quantum Sensing and Metrology—one of the four focus areas under NQM.

    Diamonds are a major focus of Prof Saha’s research.  Her team works with defects called Nitrogen Vacancy (NV) centre in diamond which are very precise magnetic field and temperature sensors. She manipulates them to make systems that can probe your neurons or delve into your cells.

    When the NV centres in the quantum diamond microscope being developed in Prof Saha’s lab are excited with fluorescent green light, they emit red light. This NV centre defect exhibits a unique “spin” property. The spins couple with magnetic fields and they emit red light. So, they essentially act like ultra-sensitive magnetic field sensors.

    The team aims to use the quantum diamond microscope to enable non-destructive testing of semiconductor chips by mapping magnetic field in 3D layers within an encapsulated chip.

    They are also trying to extend this application into different other domains like biological sensing. They probe into neuronal cultures that exchange electrical pulses resulting in magnetic fields associated with them.

    These magnetic fields, albeit extremely small, can be measured to trace the location of the neurons and this measurement can help identify and correlate how the neurons are actually interacting with the magnetic fields by producing single neuron resolution. This could be one of the potential ways in which one can really go to the fundamental limits of magnetic field sensitivity.

    Diamonds mined in India, which Professor Saha specializes in, have a rich history dating back to ancient times and are renowned for their exceptional gemstone quality. The diamonds used for quantum applications, are however lab-grown CVD diamonds.

    The team is working with a lot of diamond companies to enable indigenous, development of diamond within India for quantum applications. Enabling benchmarking of diamond samples is a crucial step in the process. In it they measure the different properties of the diamond NV spins or their lifetime technically called coherence time.

    Apart from this they are working on the portable magnetometer that can be converted to chips which can be used in drones for surveillance.

    In their dilettante with fundamental physics, the team is also looking at different kinds of magnetic materials to explore their viability as quantum materials. The set up they have developed will help them understand how different materials work, form magnetic maps extending even to the video of a magnetic map and understand the direction of the magnetic field being generated.

    This opens up scope of commercialising it under the NQM. Improving the sensitivity of such a set up could help imaging of neurons. Their goal under NQM is to provide the highest kind of spatial resolution possible for a quantum microscope by pushing the sensitivity down absolutely to the fundamental limits and understanding the noise constraints that need to be corrected. In this manner, they plan to develop practical quantum devices via design and experimentation, thus connecting quantum theory to engineering applications.

     

    Quantum Diamond Microscope

     

    Quantum sensing of mimicked neural activities

     

    Set up for testing quantum materials

    ***

     NKR/PSM

    (Release ID: 2104088) Visitor Counter : 46

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: LegCo to consider Road Tunnels (Government) (Amendment) Bill 2024

    Source: Hong Kong Government special administrative region

    LegCo to consider Road Tunnels (Government) (Amendment) Bill 2024
    LegCo to consider Road Tunnels (Government) (Amendment) Bill 2024
    *****************************************************************

    The following is issued on behalf of the Legislative Council Secretariat:     The Legislative Council (LegCo) will hold a meeting on Wednesday (February 19) at 11am in the Chamber of the LegCo Complex. During the meeting, the Second Reading debate on the Road Tunnels (Government) (Amendment) Bill 2024 will resume. If the Bill is supported by Members and receives its Second Reading, it will stand committed to the committee of the whole Council. After the committee of the whole Council has completed consideration of the Bill and its report is adopted by the Council, the Bill will be set down for the Third Reading.     The Second Reading debate on the Inland Revenue (Amendment) (Tax Deductions for Assisted Reproductive Service Expenses) Bill 2024 will also resume. If the Bill is supported by Members and receives its Second Reading, it will stand committed to the committee of the whole Council. After the committee of the whole Council has completed consideration of the Bill and its report is adopted by the Council, the Bill will be set down for the Third Reading.     In addition, The Chinese Medicine Hospital of Hong Kong Bill will be introduced into the Council for the First Reading and the Second Reading. The Second Reading debate on the Bill will be adjourned.     On Members’ motions, Mr Stanley Ng will move a motion on protecting the mental health of employees. The motion is set out in Appendix 1. Mr Kwok Wai-keung will move separate amendment to Mr Ng’s motion.     Mr Edward Leung will move a motion on comprehensively regulating unsolicited calls. The motion is set out in Appendix 2. Dr Johnny Ng and Mr Shiu Ka-fai will move separate amendments to Mr Leung’s motion.     During the meeting, the Chairman of the Public Accounts Committee, Mr Shiu Ka-fai, will present the “Report of the Public Accounts Committee on Report No. 83 of the Director of Audit on the Results of Value for Money Audits” and address the Council.     Members will also ask the Government 22 questions on various policy areas, six of which require oral replies.     The agenda of the above meeting can be obtained via the LegCo Website (www.legco.gov.hk). Members of the public can watch or listen to the meeting via the “Webcast” system on the LegCo Website. To observe the proceedings of the meeting at the LegCo Complex, members of the public may call 3919 3399 during office hours to reserve seats.

     
    Ends/Monday, February 17, 2025Issued at HKT 18:57

    NNNN

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Clusters of Norovirus and Influenza A cases announced at Kowloon Hospital

    Source: Hong Kong Government special administrative region

    Clusters of Norovirus and Influenza A cases announced at Kowloon Hospital
    Clusters of Norovirus and Influenza A cases announced at Kowloon Hospital
    *************************************************************************

    The following is issued on behalf of the Hospital Authority.The spokesman for Kowloon Hospital made the following announcement today (February 17):     Four patients (aged 81 to 94) in a male rehabilitation ward have presented with symptoms of fever or respiratory symptoms since February 7. Appropriate viral tests were arranged for the patients, and their test results were positive for Influenza A. One patient is in critical condition due to his underlying illness. The three remaining patients are in stable condition.     In addition, five patients (aged 50 to 98 years old) in a female respiratory medicine ward have presented with vomiting or diarrhoea symptoms since February 3 and were positive for Norovirus after viral tests. The five patients are now being treated in isolation and are in stable condition. The hospital has enhanced the following infection control measures in accordance with prevailing guidelines in the two wards concerned:

    thorough cleaning and disinfection of the wards concerned, including the environment and medical equipment;
    enhanced medical surveillance of the patients and environmental screening procedures in the wards concerned; and
    applied stringent contact precautions and enhanced hand hygiene of staff.

          The cases have been reported to the Hospital Authority Head Office and the Centre for Health Protection for necessary follow up.  

     
    Ends/Monday, February 17, 2025Issued at HKT 18:35

    NNNN

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Shri Pabitra Margherita, Union Minister of State for Textiles & Foreign Affairs inaugurates the CSB’s International Conference – SILKTECH 2025 at Bharat Mandapam, , New Delhi

    Source: Government of India (2)

    Shri Pabitra Margherita, Union Minister of State for Textiles & Foreign Affairs inaugurates the CSB’s International Conference – SILKTECH 2025 at Bharat Mandapam, , New Delhi

    Central Silk Board organizes this International Conference on Emerging Technologies in Silk Sector – SilkTech-2025

    HMoST highlights the Zero waste technologies in silk value chain

    06  MoUs were signed between R&D Institute of Central Silk Board and other R&D organization and NGOs during the conference 

    Two  Souvenir cum book of abstracts on  Emerging Technologies in the Silk Sector  were also released by HMoST during conference

    Posted On: 17 FEB 2025 4:02PM by PIB Delhi

     

    Shri Pabitra Margherita, Hon’ble Minister of State for Textiles & Foreign Affairs inaugurated the CSB’s International Conference – SILKTECH 2025 in the august presence of Smt. Neelam Shami Rao IAS, Secretary,  Ministry of Textiles on today at Bharat Mandapam, New Delhi as a part of the mega textile event – Bharat Tex 2025. CSB-Central Tasar Research & Training Institute, Ranchi & CSB-Central Silk Technological Research Institute (CSTRI) under Ministry of Textiles, Govt. of India organised this International Conference on “Emerging Technologies in Silk Sector – SILKTECH 2025”. 

     

    In his address, HMoST Shri Pabitra Margherita mentioned about the exclusive muga&eri silks of North East. Highlighted the Zero waste technologies in silk value chain. And, quoted the Hon’ble Prime Minister’s appeal to triple the production & exports of textiles through quality research & collaborations.

     

    Smt. Neelam Shami Rao, IAS, Secretary, Ministry of Textiles cited the momentous change in sericulture after Silk Samagra. The by-products of silk should occupy the main stream through the next age technologies.

    Two Souvenir cum book of abstracts on Emerging Technologies in the Silk Sector -SILKTECH 2025 & Pradhyogiki Vivranak (a Technology descriptor) were also released by Hon’ble Minister of state of Textiles during conference and other  dignitaries unveiled the CSB’s publications on the occasion. During the conference, 06  MoUs were signed between R&D Institute of Central Silk Board and other R&D organization and NGOs.

     

    The Conference focused on the discussions and promotion of the novel applications of silk beyond textiles in the field of cosmetics, pharma and so on, and, the development of appropriate technologies for improving the quality of silk emphasizing global market trends and sustainable innovations across the silk production chain to become India atmanirbhar.

    Smt. Prajakta L. Verma, IAS, Joint Secretary (Fibres), Shri Ajay Gupta, Joint Secretary, Ministry of Textiles and Shri P. Sivakumar, Member Secretary, Central Silk Board were present at the event.

    Click here to download Explainer

    ***

    Dhanya Sanal K, IIS

    Director

    (Release ID: 2104075) Visitor Counter : 17

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: M C Mary Kom, Avani Lekhara, and Suhas Yathiraj participate in 7th episode of Pariksha Pe Charcha 2025

    Source: Government of India (2)

    Posted On: 17 FEB 2025 3:57PM by PIB Delhi

    Continuing the insightful discussions initiated by Prime Minister Shri Narendra Modi in the inaugural episode of Pariksha Pe Charcha 2025, the seventh episode aired today, featured iconic sportspersons M C Mary Kom, Avani Lekhara, and Suhas Yathiraj. They talked about goal setting, resilience, and stress management through discipline. They also shared personal anecdotes from their own lives and what they have learned from sports in their life.

    Mary Kom spoke about how she defied the popular belief that boxing is not a women’s sport, challenging societal perceptions not just for herself but for women across the country. Citing Prime Minister Shri Narendra Modi’s advice to become one’s own anchor, she reflected on her 20-year journey as a daughter, wife, and mother. She also stressed the importance of hard work, emphasizing that dedication and perseverance are the true drivers of success.

     

     

    Suhas Yathiraj encouraged students to harness the power of the mind to overcome negative emotions like fear, which he identified as a major obstacle to success. He emphasized that overcoming fear is the only way to perform naturally and excel. Quoting, “To shine like the Sun, one must be ready to burn like the Sun,” he urged students to embrace challenges with resilience and determination. He also introduced them to music therapy to channel positive energy and highlighted the importance of mindful thinking, as thoughts shape one’s destiny.

    Avani Lekhara underscored the significance of skill development, explaining how acquiring the right skills builds confidence and reduces fear. Drawing parallels from sports, she stressed the importance of rest and recovery in studies, advocating for adequate sleep before examinations to ensure peak performance. She also guided students through an activity to boost confidence.

    During the session, students raised questions on topics such as convincing parents about career choices, developing the courage to face challenges, and staying focused. Students from Dubai and Qatar also participated, sharing their queries with the guests.

    All the guests unanimously emphasized that hard work is the key to success and that nothing can be achieved through shortcuts.

    To ensure comprehensive development, distinguished personalities from various fields—including sports icons, technical experts, toppers of competitive exams, entertainment industry professionals, and spiritual leaders—are enriching students with insights beyond textbooks. With three more episodes already aired, each session continues to provide students with essential tools and strategies to excel academically and personally. After the show the students reflected and shared their learning from the session.

    The eighth edition of Pariksha Pe Charcha (PPC) 2025, in its revamped and interactive format, has been receiving widespread appreciation from students, teachers, and parents across the nation. Breaking away from the traditional Town Hall format, this year’s edition commenced with an engaging session featuring Prime Minister Shri Narendra Modi at the scenic Sunder Nursery, New Delhi, on 10th February 2025.

    In the inaugural episode, the Prime Minister interacted with 36 students from across the country, discussing insightful topics such as Nutrition and Wellness, Mastering Pressure, Challenging Oneself, The Art of Leadership, Beyond Books – 360º Growth, Finding Positives, and more. His valuable guidance offered students practical strategies to tackle academic challenges with confidence while fostering a growth mindset and holistic learning.

    As Pariksha Pe Charcha 2025 continues to unfold, it remains a beacon of inspiration for students, equipping them with confidence and resilience to face academic and life challenges with a positive mindset.

    Link to watch the 1st episode: https://www.youtube.com/watch?v=G5UhdwmEEls

    Link to watch the 2nd episode: https://www.youtube.com/watch?v=DrW4c_ttmew

    Link to watch the 3rd episode: https://www.youtube.com/watch?v=wgMzmDYShXw

    Link to watch the 4thepisode: https://www.youtube.com/watch?v=3CfR4-5v5mk

    Link to watch the 5thepisode: https://www.youtube.com/watch?v=3GD_SrxsAx8

    Link to watch the 6thepisode: https://www.youtube.com/watch?v=uhI6UbZJgEQ

    Link to watch the 7thepisode: https://www.youtube.com/watch?v=y9Zg7B_o8So

    *****

    MV/AK

    MOE/PPC/17 February 2025/11

    (Release ID: 2104072) Visitor Counter : 64

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Speech by CE at South China Morning Post China Conference: Southeast Asia 2025 (English only) (with video)

    Source: Hong Kong Government special administrative region

         Following is the video speech by the Chief Executive, Mr John Lee, at the South China Morning Post China Conference: Southeast Asia 2025 today (February 17):
          
    Your Excellency Minister Tengku Zafrul Aziz (Minister of Investment, Trade and Industry of Malaysia), officials and friends from ASEAN (Association of Southeast Asian Nations) and around the world, Ms Catherine So (Chief Executive Officer of South China Morning Post), Ms Tammy Tam (Editor-in-Chief of South China Morning Post), distinguished guests, ladies and gentlemen,
          
         Good afternoon. I am pleased to join you today, virtually, at this remarkable conference in Kuala Lumpur.
          
         For that, I am grateful to the South China Morning Post for organising the China Conference: Southeast Asia, and for putting a prime spotlight on the substantive roles played by China, our country, and Southeast Asia in shaping the global agenda, now and long down the road.
          
         To that end, you have heard today from His Excellency Prime Minister Anwar Ibrahim, as well as a wealth of senior governmental, business and financial leaders and decision-makers from Malaysia, throughout ASEAN and around the world.
          
         For the next few minutes, allow me to speak about Hong Kong – about the role we play in working with our country and in connecting with member states of ASEAN and far beyond.
          
         Long a “super connector”, Hong Kong takes pride in creating value for traditional and emerging markets. We are the natural bridge for ASEAN business looking to Mainland Chinese markets and opportunities. We are, as well, the conduit for Mainland businesses looking to explore overseas opportunities, whether in ASEAN, the Middle East or elsewhere.
          
         Indeed, the Mainland and ASEAN are our two largest trade-in-goods partners, with total trade value reaching US$619 billion and US$165 billion respectively last year.
          
         We are home to about 2 600 offices with parent companies on the Mainland, up 20 per cent over 2023 totals. Last year, too, some 730 offices with parent companies in ASEAN maintained an office in Hong Kong. That’s an increase of about 10 per cent year on year.
          
         And I am confident of continuing growth in the coming years, given the ASEAN-Hong Kong, China Free Trade Agreement and related Investment Agreement, as well as the recently signed amendment to the Agreement on Trade in Services of CEPA – the Mainland and Hong Kong Closer Economic Partnership Arrangement.
          
         The new CEPA Agreement introduces service-sector liberalisation measures, making it easier for Hong Kong suppliers, and international companies with offices in Hong Kong, to do business on the Mainland.
          
         As you know, CEPA is nationality neutral, so I encourage ASEAN companies to enjoy Hong Kong’s world-class professional services and, in doing so, make full use of CEPA in accessing the Mainland market. 
          
         Alongside strong business ties with ASEAN, our people-to-people bonds are long-standing and mutually rewarding. 
          
         Since assuming office, in July 2022, I have led high-profile Hong Kong delegations to seven of the 10 ASEAN countries. Nearly 90 co-operation agreements between Hong Kong and ASEAN countries have been signed over that period – and in so many areas, from economic and trade matters to innovation and technology, cultural exchange, education and more.
          
         And I am committed to building on our gratifying ties.
          
         We have relaxed the criteria for nationals of Cambodia, Laos, Myanmar and Vietnam applying for multiple-entry visas to Hong Kong. We have, as well, extended their validity period from two to three years. 
          
         We will also provide self-service immigration clearance for invited ASEAN-country visitors participating in business, development and related activities in Hong Kong.
          
         And for ASEAN and other non-Chinese residents working in Hong Kong and wishing to travel to the Mainland, the multiple-entry visas have been extended for up to five years, making Mainland entry from Hong Kong fast and efficient.
          
         And to make our ASEAN friends feel at home in Hong Kong, we are compiling a list of restaurants offering halal food, while encouraging hotels and other establishments to provide appropriate worship services.
          
         There’s more. We’re making it easier to communicate with ASEAN business. In addition to our Economic and Trade Offices in Singapore, Jakarta and Bangkok, we are working with the Malaysian government to establish a trade office in Kuala Lumpur.
          
         Allow me to thank ASEAN member states for their staunch support of our accession to the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement. I count on leaders like your good selves to support Hong Kong’s accession bid. 
          
         Ladies and gentlemen, I wish you all the best of business, health and well-being in this auspicious Chinese New Year – the Year of the Snake.
          
         Thank you.

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: DCS chairs seventh meeting of Task Force on District Governance

    Source: Hong Kong Government special administrative region

         The Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, chaired the seventh meeting of the Task Force on District Governance today (February 17) to follow up on the initiatives endorsed by the Steering Committee on District Governance. The meeting co-ordinated various departments in formulating specific implementation measures on issues of local concern and continuously reviewed the work progress and performance.
     
         Mr Cheuk said, “The Task Force will continue to adhere fully to the overall strategies set by the Steering Committee and actively respond to community concerns about district issues by taking practical actions to improve the living environment, and to enhance people’s quality of life through cumulative results achieved, for building a better community together.”
     
         The Steering Committee chaired by the Chief Secretary for Administration formulated at its fourth meeting strategies on four more district issues to further enhance the community environment and facilities. The Task Force followed up at this meeting the implementation details and the progress of the relevant items, including:
     
    1. Improving the waiting environment at public transport interchange to enhance travel experience 

    The Transport Department, in collaboration with the Highways Department (HyD), the Architectural Services Department (ArchSD), and the Electrical and Mechanical Services Department, has selected a covered public transport interchange in each of the 18 districts for enhancement works. These include upgrading the lighting, improving the ventilation system, refurbishing the walls and ceilings to provide a more comfortable waiting environment for passengers. These works have commenced this year with 11 for completion in 2025 and the remaining in 2026.

    2. Combating air-conditioner water dripping to improve community environment 

    The Food and Environmental Hygiene Department (FEHD) will strengthen inspections and enforcement actions against about 30 air-conditioner dripping blackspots from May to September this summer. The FEHD will also launch a publicity and public education campaign to appeal to residents to address the issue of air conditioners dripping water, in order to avoid affecting environmental hygiene in public places and causing a nuisance to citizens.

    3. Cleaning pedestrian walkways to improve cityscape 

    Starting in February this year, the FEHD has deployed mini street-washing vehicles equipped with pressure washer surface cleaners and high-pressure hot water cleaners at about 80 blackspots across the territory on a regular basis to step up street scrubbing and remove stains or moss, with a view to continuously improving the walking environment and enhancing the cityscape.

    4. Strengthening thematic plantings 

    The Development Bureau, along with the Leisure and Cultural Services Department, the HyD, the ArchSD, the Civil Engineering and Development Department and the Housing Department, will enhance thematic planting in selected development projects and venues, such as planting species with conspicuous flowers or thematically planting a single type of tree or shrub across a district to create impact, thereby beautifying the cityscape.

         In addition to the four district issues above, the Task Force also followed up on the performance of the 1823 Enhanced Complaint Handling Mechanism and received reports from relevant departments on their work progress regarding the eight key issues identified at the first three meetings of the Steering Committee, including (1) expanding after-school care services and enhancing support for parents; (2) caring for the elderly and enhancing community support; (3) fostering clean markets and mobilising the community to participate in anti-rodent work; (4) enhancing public order and combating crimes on all fronts; (5) improving pedestrian facilities and ensuring road safety; (6) enhancing the community environment and strengthening local characteristics; (7) improving the environment of public housing estates and creating comfortable homes; and (8) caring for the elderly and promoting digital inclusion. Mr Cheuk urged all departments to continue advancing these initiatives and enhancing district governance efficacy, so that the Government can deliver district services more effectively, leading to a more comfortable and better life for citizens.

         Moreover, Mr Cheuk thanked the departments for their efforts over the past two years in implementing the directives of the Steering Committee and the Task Force, which has brought significant achievements in combating hygiene blackspots for the benefit of the public. He added, “We should not permanently classify places that have seen long-term environmental improvements as blackspots. Relevant departments should critically review the situation of all 738 hygiene blackspots and continue to actively follow up on those requiring improvement while identifying others that are suitable for removal from the blacklist. If the conditions of a blackspot have not recurred after improving for two years, it should be removed from the blackspot list. The hygiene blackspot website will be updated in the first quarter this year to reflect the actual situation.”

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: A Son of the Farmer Will Always Commit Himself to Truth, Says Vice-President

    Source: Government of India

    A Son of the Farmer Will Always Commit Himself to Truth, Says Vice-President

    Marauders and Invaders Came, Recklessly Destroying Our Institutions, but We’re Springing Back, Says VP

    Research That Is To Be Kept On the Shelf Is Not the Research the Nation Needs; Research Can’t Be Abstract Academics, says VP

    No Short-Change For the Farm Sector, No Short-Change For the Farmer, That Has To Be Our Motto, Says VP

    The Path to a Developed India Passes through Its Villages, Says VP

    The Century Belongs To Bharat. This Is Being Doubted by Some in Our Country, Stresses VP

    Startups Must Trickle To Villages, Says VP

    Posted On: 17 FEB 2025 2:46PM by PIB Delhi

    VP Inaugurates Advanced Entrepreneurship and Skill Development Programme (A-ESDP) Campus at National Agri-Food and Biomanufacturing Institute (NABI)

    The Vice-President of India, Shri Jagdeep Dhankhar today said, “I am the son of a farmer. A son of the farmer will always commit himself to truth……He further added, “India’s soul resides in its villages, with the rural system serving as the backbone of the nation. The path to a developed India passes through its villages. A developed India is no longer just a dream; it is our goal,” emphasising his deep-rooted connection to agriculture.

    There was time in ancient India when a village was self-sufficient. Now, the cooperatives are embedded in the Constitution as an institution.

    There must be evolution of a mechanism in a village or in a cluster of villages where we have micro industries at the farm that add value… pic.twitter.com/6JyvY1WG2Y

    — Vice-President of India (@VPIndia) February 17, 2025

    Addressing the gathering at the inauguration of Advanced Entrepreneurship And Skill Development Programme (A-ESDP) Campus at National Agri-Food and Biomanufacturing Institute (NABI), Mohali, Shri Dhankhar further said, “If we look into our historical past, India was known to be a land of knowledge and wisdom, particularly in science, astronomy and what not. Every aspect of human life finds reflection in our Vedas, Upanishads, Puranas. And we are a nation that takes pride in having ancient institutions like Nalanda, Takshashila and the kind. Something happened around 11th or 12th century, and there was a digression. Marauders came, invaders came, and they were reckless in destroying our institutions, Nalanda being one of them. Our cultural centres, going to the extent of being so retributive, perversion of a very different kind over our religious centres they built their own. The nation faced it. Then came the British rule. Systematically, we got laws that were meant to subserve them. We got education that destroyed ours and created not an ecosystem of full exploitation of our talent. The best part is, we are springing back,” he noted.

    Speaking on the significance of research, the Vice-President laid out a clear vision: “All institutions in the country will have to pass the litmus test. And the litmus test is—what impact is being created? In a positive sense, it should be like an earthquake, with the impact being felt. A research for the sake of research, a research that is for the self, a research that is to be kept on the shelf, the research that comes out as a personal embellishment is not the research which the nation needs. Research is not giving a paper by scratching the surface. Research is not to impress the one who is ignorant of the subject. Research is to impress those who know the subject as much as you know or more than you know at a global benchmark. And that research can’t be just abstract academics. The research has to have impact on what we are doing. And I’m sure this is an area where you have enough scope.” he noted.

    Technology transfer to the farm is essential.

    A farmer is by and large clinging to his tractor. He wants to use the tractor for as long as it can last, ignorant that the technology of the tractor is undergoing big changes- it is becoming environment friendly, fuel-efficient,… pic.twitter.com/cS0hp0IhQ7

    — Vice-President of India (@VPIndia) February 17, 2025

    Reiterating India’s civilizational strength, he stated, “The century belongs to Bharat. This is being doubted by no one except some in our country. My appeal to them, as an Indian, as a Bhartiya: our commitment to our nation, belief in the principle of the nation being first, and subscribing to the ideology that no interest—personal, political, or otherwise—is higher than national interest.”

    Shri Dhankhar highlighted, “I see farm produce is sold when it is not farmers market, it is buyers market. The government provides facilities to hold on to the stock by massive warehousing and cooperative movement. I can tell you the farm policies of the government are so helping the farmer. The farmer has to know about it. You can play a great role. Because we cannot allow that our farmers get anything but the very best. No short change for the farm sector. No short change for the farmer. That has to be our motto. Institutes like yours must have live connect with Krishi Vigyan Kendras, with Institutes of Indian Council of Agriculture Research, he stated.

    Shri Dhankhar called for the revitalization of rural economies through micro-industries that add value to agricultural and dairy products. “There must be evolution of a mechanism in a village or in a cluster of villages where you have micro industries at the farm that add value to the agro produce, that add value to the livestock produced, milk produced. This will help evolve a sustainable society and the nutritional food value will certainly go up. What stops us from having entrepreneurial skills to produce ice creams, paneer, sweets, and the like in village clusters? This is very important because it will generate employment and satisfy rural youth.”

    He further emphasized that technology must be integrated into farming practices to improve efficiency and productivity saying, “Startups are there in Tier-2 and Tier-3 cities. They have to trickle to villages now because agriculture produce is lifeline of economy, raw material for industry. And when this takes place, close to the farmland in the rural firmament, evolving as a cluster, economy will take a jump, and people will believe in the farmland.

    All institutions in the country will have to pass the litmus test, which is this: is there some impact of your activities?

    In a positive sense, it should be like an earthquake: its impact should be felt.

    Research for the sake of it, research that is for the self, to be kept on… pic.twitter.com/SJk7yGTW59

    — Vice-President of India (@VPIndia) February 17, 2025

    Shri Dhankhar urged farmers to stay informed about advancements in technology and its potential benefits. “A farmer is by and large clinging to his tractor. He wants to use the tractor for as long as it can last, ignorant of the fact that new technology is becoming environment-friendly, fuel-efficient, multifunctional, and highly subsidized. There has to be an awareness campaign,” he emphasized.

    He encouraged collective efforts, stating, “Form small groups, market your product at a price of your choice. You don’t need anybody’s help. You only have to know your inner strength to change your economy to a very high level.”

    Shri Priyank Bharti, IAS, Administrative Secretary, Technology & Environment, Govt. of Punjab, Prof. Ashwani Pareek, Executive Director, BRIC-NABI, Ms. Ekta Vishnoi, IRS, Joint Secretary, Ministry of Science and Technology, Govt. of India and other dignitaries were also present on the occasion.

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    JK/RC/SM

    (Release ID: 2104057) Visitor Counter : 25

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Hong Kong Monetary Authority tenders of Exchange Fund Bills to be held on February 21

    Source: Hong Kong Government special administrative region

    Hong Kong Monetary Authority tenders of Exchange Fund Bills to be held on February 21
    Hong Kong Monetary Authority tenders of Exchange Fund Bills to be held on February 21
    *************************************************************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     Tender to be held on February 21, 2025: 

    Tender date
    :
    21 February 2025

    Paper on offer
    :
    EF Bills

    Issue number
    :
    M2501

    Issue date
    :
    24 February 2025

    Maturity date
    :
    19 March 2025

    Tenor
    :
    23 Days

    Amount on offer
    :
    HK$600 MN

     
    Ends/Monday, February 17, 2025Issued at HKT 17:10

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected counterfeit goods worth about $5.8 million (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs seizes suspected counterfeit goods worth about $5.8 million (with photo)
    Hong Kong Customs seizes suspected counterfeit goods worth about $5.8 million (with photo)
    ******************************************************************************************

         ​Hong Kong Customs on January 28 conducted an operation against counterfeiting activities in Yuen Long and seized about 11 000 suspected counterfeit items, including scarves and clothing, with an estimated market value of about $5.8 million.      Acting upon intelligence, Customs officers on that day inspected three batches of temporarily stored goods in two logistics warehouses in Yuen Long, uncovering the batch of suspected counterfeit goods.      The case is still under investigation. The likelihood of arrests is not ruled out.     Customs will continue to step up inspections and conduct intelligence-led enforcement to vigorously combat counterfeit and infringing goods activities at different levels.     Under the Trade Descriptions Ordinance, any person who imports or exports any goods to which a forged trademark is applied commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.     Members of the public may report any suspected counterfeiting or infringing activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

     
    Ends/Monday, February 17, 2025Issued at HKT 16:45

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Credit card lending survey results for fourth quarter 2024

    Source: Hong Kong Government special administrative region

    Credit card lending survey results for fourth quarter 2024
    Credit card lending survey results for fourth quarter 2024
    **********************************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     The Hong Kong Monetary Authority published today (February 17) the credit card lending survey results for the fourth quarter of 2024.                     Total card receivables increased by 7.9 per cent in the fourth quarter to HK$162.2 billion at end-December 2024, mainly driven by festive spending and salaries tax payment.                     The combined delinquent and rescheduled ratio remained unchanged at 0.40 per cent at end-December 2024. The quarterly charge-off ratio was 0.57 per cent, compared with 0.58 per cent in the previous quarter.

     
    Ends/Monday, February 17, 2025Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Matsya-6000: India’s Fourth-Generation Deep-Ocean Submersible successfully Completes Wet Testing

    Source: Government of India (2)

    Matsya-6000: India’s Fourth-Generation Deep-Ocean Submersible successfully Completes Wet Testing

    500-Meter Depth Demonstration by end of 2025

    Posted On: 17 FEB 2025 2:04PM by PIB Delhi

    Under the Government of India’s Deep Ocean Mission initiatives, the Ministry of Earth Sciences has entrusted the National Institute of Ocean Technology with the ambitious task of designing and developing the 4th Generation deep-ocean human scientific submersible named “Matsya-6000,” as part of the Samudrayan Project. This cutting-edge submersible is engineered to accommodate three humans within its compact 2.1-meter diameter spherical hull, marking a significant milestone in India’s ocean exploration capabilities.

    Following the completion of the design phase, various subsystems vital to Matsya-6000’s functionality were identified and developed.  The submersible features a comprehensive array of components:  a main ballast system for diving, thrusters for movement in all three directions, a battery bank for power supply, and syntactic foam for buoyancy. It also includes a sophisticated power distribution network, cutting edge control hardware and software, along with advanced underwater navigation devices. Communication systems include an acoustic modem, underwater telephone, and VHF for surface communication, supplemented by underwater acoustic positioning and GPS for precise surface location tracking.

    Inside the spherical hull, careful attention has been given to the integration of human life-support systems, displays of various environmental/critical parameters, navigation joysticks for manoeuvrability, as well as various oceanographic sensors, underwater lighting and cameras outside the hull. All these subsystems have been indigenously designed and are currently undergoing thorough integration and qualification testing.

    To ensure a seamless integration of all systems within its exo-structure, the Matsya underwent a comprehensive series of integrated dry tests over a 500-meter operational range. Following the successful completion of these tests, Matsya was transported to the L&T Shipbuilding facility located at Kattupalli Port, near Chennai during 27 Jan to 12 Feb, 2025 for conducting wet tests and demonstrating the submersible functionality.

    The tests aimed to meticulously assess Matsya’s performance across several critical parameters. Evaluations focused on the robustness of power and control networks, floatation and stability of the vehicle, human support and safety systems, and maneuverability within limited degrees of freedom, specifically forward and reverse motion. Additionally, navigation and communication capabilities were scrutinized. The scientific payloads, which included multiple sophisticated oceanographic sensors, were thoroughly tested and demonstrated to confirm their intended functionality. This demonstration phase featured eight dives in total, comprising five unmanned dives and five manned dives. Each manned dive was rigorously qualified, ensuring the reliability of the life support system.

    Due to the restricted water depth in the harbour, underwater voice communication was less effective, highlighting the necessity for further testing at greater depths to enhance confidence in shallow-water operations. In certain areas, additional efforts are needed to achieve optimal performance and completeness. Nevertheless, the successful wet test of the Matsya6000 at the harbour bolstered confidence for conducting shallow-water demonstrations at depths reaching up to 500 meters by the end of 2025.

    1. Unmanned, without buoyancy module
    2. Unmanned, with buoyancy module
    3. 3 human inside the submersible, Manned with buoyancy module
    4. Matysa team

     

    ****

    NKR/PSM

    (Release ID: 2104039) Visitor Counter : 20

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Volume and price statistics of external merchandise trade in December 2024

    Source: Hong Kong Government special administrative region

    Volume and price statistics of external merchandise trade in December 2024
    Volume and price statistics of external merchandise trade in December 2024
    **************************************************************************

         Further to the external merchandise trade statistics in value terms for December 2024 released earlier on, the Census and Statistics Department (C&SD) released today (February 17) the volume and price statistics of external merchandise trade for that month.      In December 2024, the volume of Hong Kong’s total exports of goods increased by 2.3%, while the volume of imports of goods decreased by 3.6% over December 2023.      Comparing 2024 with 2023, the volume of Hong Kong’s total exports of goods and imports of goods increased by 4.9% and 2.6% respectively.      Comparing the fourth quarter of 2024 with the preceding quarter on a seasonally adjusted basis, the volume of total exports of goods remained virtually unchanged, while the volume of imports of goods decreased by 0.8%.      Changes in volume of external merchandise trade are derived from changes in external merchandise trade value with the effect of price changes discounted.      Comparing December 2024 with December 2023, the prices of total exports of goods and imports of goods increased by 2.7% and 2.3% respectively.      As regards price changes in 2024 over 2023, the prices of total exports of goods and imports of goods increased by 3.6% and 3.2% respectively.      Price changes in external merchandise trade are reflected by changes in unit value indices of external merchandise trade, which are compiled based on average unit values or, for certain commodities, specific price data.      The terms of trade index is derived from the ratio of price index of total exports of goods to that of imports of goods. Compared with the same periods in 2023, the index increased by 0.4% in both December 2024 and 2024 as a whole.      Changes in the unit value and volume of total exports of goods by main destination are shown in Table 1.      Comparing December 2024 with December 2023, increases were recorded for the total export volume to Vietnam (47.9%), the mainland of China (the Mainland) (11.2%) and Taiwan (1.2%). On the other hand, the total export volume to the USA (-18.2%) and India (-31.7%) decreased.      Over the same period of comparison, the total export prices to the USA (3.4%), the Mainland (3.3%), Vietnam (2.5%) and Taiwan (2.3%) increased. On the other hand, the total export prices to India decreased by 3.8%.      Changes in the unit value and volume of imports of goods by main supplier are shown in Table 2.      Comparing December 2024 with December 2023, declines were recorded for the import volume from Korea (-13.8%), the Mainland (-4.6%) and Japan (-0.7%). On the other hand, the import volume from Taiwan (2.4%) and Singapore (8.3%) increased.      Over the same period of comparison, the import prices from all main suppliers increased: Korea (8.6%), Singapore (3.7%), the Mainland (1.8%), Japan (1.2%) and Taiwan (1.2%). Further information      Details of the above statistics are published in the December 2024 issue of “Hong Kong Merchandise Trade Index Numbers”. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020006&scode=230).      Enquiries on merchandise trade indices may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4918).

     
    Ends/Monday, February 17, 2025Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: February 2025 issue of “Hong Kong Monthly Digest of Statistics” now available

    Source: Hong Kong Government special administrative region

    February 2025 issue of “Hong Kong Monthly Digest of Statistics” now available
    February 2025 issue of “Hong Kong Monthly Digest of Statistics” now available
    ***************************************************************************************

         The Census and Statistics Department (C&SD) published today (February 17) the February 2025 issue of the “Hong Kong Monthly Digest of Statistics” (HKMDS).      Apart from providing up-to-date statistics, this issue also contains a feature article entitled “Road Traffic Accident Statistics in Hong Kong, 2014 to 2023”. Statistics presented in the “Road Traffic Accident Statistics in Hong Kong, 2014 to 2023” article are based on the data source from the Statistics Section of the Transport Department. “Road Traffic Accident Statistics in Hong Kong, 2014 to 2023”      There were 17 189 road traffic accidents in Hong Kong in 2023, involving 22 269 casualties and 28 808 vehicles. This feature article analyses the road traffic accidents and the characteristics of casualties and vehicles involved in these accidents from 2014 to 2023.      For enquiries about this feature article, please contact the Statistics Section of the Transport Department (Tel: 3842 6067; email: rssd@td.gov.hk).      Published in bilingual form, the HKMDS is a compact volume of official statistics containing about 130 tables. It collects up-to-date statistical series on various aspects of the social and economic situation of Hong Kong. Topics include population; labour; external trade; National Income and Balance of Payments; prices; business performance; energy; housing and property; government accounts, finance and insurance; and transport, communications and tourism. For selected key statistical items, over 20 charts depicting the annual trend in the past decade and quarterly or monthly trend in the recent two years are also available. Users can download the Digest at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1010002&scode=460).      Enquiries about the contents of the Digest can be directed to the Statistical Information Dissemination Section (1) of the C&SD (Tel: 2582 4738; email: gen-enquiry@censtatd.gov.hk).

     
    Ends/Monday, February 17, 2025Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Incoming passenger convicted and jailed for dealing with duty-not-paid cigarettes (with photo)

    Source: Hong Kong Government special administrative region

         An incoming female passenger was sentenced to six months’ imprisonment and a fine of $500 at the West Kowloon Magistrates’ Courts today (February 17) for dealing with duty-not-paid cigarettes and failing to declare to Customs Officers, in contravention of the Dutiable Commodities Ordinance (DCO).

         Customs officers intercepted the 22-year-old incoming female passenger at Hong Kong International Airport on February 15 and seized about 40 300 duty-not-paid cigarettes, with an estimated market value of about $165,000 and a duty potential of about $133,000, from her personal baggage. She was subsequently arrested.

         Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. Customs reminds members of the public that under the DCO, tobacco products are dutiable goods to which the DCO applies. Any person who deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.

         Members of the public may report any suspected illicit cigarette activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002/en/).   

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Pilot project “National Geospatial Knowledge-based Land Survey of Urban Habitations” (NAKSHA) will come up in 152 Urban Local Bodies (ULBs) across 26 States and 3 Union Territories (UTs) in India

    Source: Government of India (2)

    Pilot project “National Geospatial Knowledge-based Land Survey of Urban Habitations” (NAKSHA) will come up in 152 Urban Local Bodies (ULBs) across 26 States and 3 Union Territories (UTs) in India

    Union Minister Shri Shivraj Singh Chouhan to launch the National Geospatial Knowledge-based Land Survey of Urban Habitations at Raisen, Madhya Pradesh tomorrow

    Posted On: 17 FEB 2025 1:07PM by PIB Delhi

    Union Minister of Rural Development and Agriculture & Farmers’ Welfare Shri Shivraj Singh Chouhan will inaugurate the National Geospatial Knowledge-based Land Survey of Urban Habitations (NAKSHA) in 152 Urban Local Bodies (ULBs) across 26 States and 3 Union Territories (UTs) at Raisen, Madhya Pradesh tomorrow. The Department of Land Resources, Ministry of Rural Development, Government of India, has initiated this pilot program. Union Minister of State for Rural Development & Communications, Dr. Chandra Sekhar Pemmasani, Chief Minister of Madhya Pradesh, Dr Mohan Yadav, Revenue Minister, Madhya Pradesh, Shri Karan Singh Verma, Minister for Panchayati Raj and Rural Development, Shri Prahlad Singh Patel, Shri Narayan Singh Pawar, State Minister (Independent Charge) for Fisheries and Fishermen welfare and Minister In-charge, District Raisen, Madhya Pradesh, MLA, Sanchi, Shri Prabhu Ram Chaudhary, Secretary,  Department of Land Resources, Government of India, Shri Manoj Joshi and other officers from Government of India and Madhya Pradesh State Government will present in the occasion.

    The occasion will be marked by flying of drones, launch of Standard Operating Procedure (SoP) booklet, Video and flyer on  NAKSHA Programme, flagging of WDC Yatra, screening of WDC video and playing of Watershed Anthem.

    The NAKSHA program aims to create and update land records in urban areas to ensure accurate and reliable documentation of land ownership. This initiative will empower citizens, improve ease of living, enhance urban planning, and reduce land-related disputes. The IT-based system for property record administration will foster transparency, efficiency and support sustainable development.

    The Survey of India is the technical partner for NAKSHA programme which is responsible for conducting aerial surveys and providing orthorectified imagery, through third party vendors, to state and Union Territory governments. The end-to-end web-GIS platform will be developed by the Madhya Pradesh State Electronic Development Corporation (MPSEDC) and storage facilities will be provided by the National Informatics Centre Services Inc. (NICSI). States and Union Territory governments are scheduled to conduct field surveys and ground truthing using the orthorectified imagery, ultimately leading to the final publication of urban and semi-urban land records.

    The NAKSHA pilot program is expected to cost approximately ₹194 crore, fully funded by the Government of India.

    *****

    MG/RN

    (Release ID: 2104028) Visitor Counter : 110

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: SFST’s keynote speech at ASIFMA Annual Conference 2025 (English only) (with photo)

    Source: Hong Kong Government special administrative region

         Following is the keynote speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the Asia Securities Industry & Financial Markets Association (ASIFMA) Annual Conference 2025 today (February 17):
     
    Peter (Chief Executive Officer of the ASIFMA, Mr Peter Stein), distinguished guests, ladies and gentlemen,
     
         Good morning. It is my great pleasure to join the ASIFMA Annual Conference today, where global leaders, policymakers, and industry experts gather to explore new growth opportunities in the midst of an unprecedented transformation in the global environment.
     
         Our financial market is characterised by deep liquidity, diverse financial products and services, strong emphasis on investor protection, a well-educated and highly efficient workforce, ease of entry for non-local professionals, and effective and transparent financial regulations aligned with international standards. These competitive advantages have been widely recognised by various international institutions. Hong Kong ranked first as Asia’s leading international financial hub in the latest Global Financial Centres Index. Recently, the International Monetary Fund also reaffirmed that our financial system remains resilient, supported by robust institutional frameworks, ample policy buffers, and the smooth functioning of the Linked Exchange Rate System.
     
         And so far, we have made good progress in developing the stock market. Hong Kong’s stock market surged by some 18 per cent and the average daily turnover jumped by 26 per cent from a year earlier. We were also the world’s fourth-largest and Asia’s second-largest initial public offering (IPO) market, with IPO proceeds at about HK$80 billion last year, which is almost double that in the year before last. To strengthen the competitiveness of our market, we have implemented a range of measures including optimising the vetting procedures of listing applications, enhancing the listing regime for specialist technology companies, and enabling market trading under severe weather, to name just a few.
     
         To further boost the efficiency and liquidity of our stock market, the Government, in collaboration with the regulators and HKEX (Hong Kong Exchanges and Clearing Limited), is continuously exploring different market development measures to further enhance our listing regime and trading mechanism, with a view to strengthening overall market competitiveness and expanding our overseas networks. A consultation ongoing is the one concerning optimisation of our IPO price discovery and open market requirements. The consultation will last till March 19 and I am sure Peter will make sure that you are being heard.
     
         The Hong Kong bond market has continued to grow in tandem with the Government’s active promotion. Hong Kong has been the largest centre for arranging bonds issued in the region by Asia-based entities for 16 consecutive years, with nine years being the leader internationally, capturing about a quarter of the market in 2023.
     
         The Government and the regulators will continue to promote the advantages of our bond market to issuers and investors on the Mainland and overseas to deepen our bond market development. We will expand the issuance of Renminbi bonds and support the issuance of more green and sustainable offshore Renminbi bonds in Hong Kong by Mainland and international issuers.
     
         We are expanding our mutual access programmes with the Mainland’s financial market, too. They include expanding the scope of eligible ETFs (exchange-traded funds) under Stock Connect, optimising the arrangements under Swap Connect, as well as the latest enhancement and expansion of Southbound trading of Bond Connect, improving transaction and settlement efficiency while broadening the investment channels for Mainland and offshore investors.
     
         The Government, in collaboration with the regulators and HKEX, will continue to work closely with the Mainland to implement the measures supported by regulators in the two places, including the introduction of Mainland government bond futures in Hong Kong and inclusion of a Renminbi counter under Southbound trading of Stock Connect, and actively exploring further enhancement initiatives.
     
         Building an international gold trading centre is a new growth point for Hong Kong to cement our status as an international financial centre. The Government will promote the development of world-class gold storage facilities and, building on the increased gold holding, scale up associated support and financial services and expand related derivative transactions, hence creating a comprehensive ecosystem in a progressive manner. We already set up a working group last year and we are now working at full steam to formulate a comprehensive implementation plan. Furthermore, we are committed to increasing the storage and delivery of commodities in Hong Kong, not only precious metals but also base metals, and providing better services to Mainland enterprises engaging in international commodity trade. To achieve this, we will facilitate the relevant international commodity exchange which is the London Metal Exchange (LME) to set up accredited warehouses in Hong Kong, enhance associated financial services, and also support the creation of a thriving commodity trading ecosystem.
     
         If you may recall, the 2024 Policy Address announced that the Government will facilitate the opening of new distribution channels for private equity (PE) funds through HKEX’s listings. Alternate asset funds, including PE funds, as eligible collective investment schemes (CISs), may apply for listing in Hong Kong under Chapter 20 of our Listing Rules. The SFC (Securities and Futures Commission) has been engaging with HKEX, industry associations and interested fund managers to explain the relevant regulatory and requirements. On that front, the SFC plans to issue a circular very soon this month to clarify the requirements for authorising closed-end alternative funds for listing on HKEX. The SFC also plans to issue a discussion paper in the first quarter of this year to seek the industry’s views on the viability of allowing retail investors to invest in unlisted alternative funds without committing on any rule changes.
          
         We will also attract more global capital to be managed in Hong Kong. Last March, we launched the New Capital Investment Entrant Scheme. So far, around HK$6.5 billion has been invested. If you look at the amount of financial assets being invested through this HK$6.5 billion, most of them go to financial products, with 45 per cent going to CISs, 39 per cent going to equities and 15 per cent going to debt securities. From March this year, we will relax the net assessment and calculation requirements. We will also accept investments made through an applicant’s wholly owned eligible private company. In addition, we will enhance the profits tax exemption regimes for funds and single family offices. The Government will also put in place an inward company redomiciliation regime which provides a simple and straightforward route for non-Hong Kong incorporated companies to transfer their domicile to Hong Kong while ensuring business continuity. We are confident that these measures will help to bring in more of the world’s top companies and of course talent to our city.
          
         We also strive to deepen our reforms and explore new growth areas using a new mindset amidst changing circumstances. A new growth opportunity is green and sustainable finance, a fast-developing area on the back of climate change. Hong Kong is a leading green and sustainable finance hub in Asia. The total green and sustainable debt, including both bonds and loans, issued in Hong Kong exceeded US$50 billion in 2023. Among which, the volume of green and sustainable bonds arranged in Hong Kong topped the Asian market, accounting for 37 per cent of the regional total.
          
         To solidify the competitiveness of enterprises in Hong Kong to address the global demand for sustainability disclosure, we launched a roadmap on sustainability disclosure in Hong Kong. The roadmap provides a well-defined pathway for large publicly accountable entities (PAEs) to fully adopt the ISSB Standards (International Financial Reporting Standards – Sustainability Disclosure Standards) no later than 2028, leading Hong Kong to be among the first jurisdictions to align our local requirements with those of the ISSB Standards.
            
         Fintech is a new growth area and also one of the new strategic areas. On this front, we issued a policy statement last year to set out the policy stance and approach for promoting the responsible application of artificial intelligence in the financial market. Regarding the sustainable development of virtual assets, we have enhanced the regulatory framework and introduced a bill last year on the regulation of fiat-referenced stablecoin issuers. In addition, the Government will put forward a proposed licensing regime for virtual asset custodian service providers.
          
         And in fact, if you look at the calendar of key events this year, we will very soon have the conference Consensus Hong Kong 2025 which is a world-renowned Web3 global conference. This is the first time they will land in Asia and they have picked Hong Kong as their first stop.
          
         Ladies and gentlemen, the opportunities in Hong Kong are immense despite the complex geopolitical and economic landscape. As we actively integrate into and embrace the opportunities presented by the national development strategies, Hong Kong will remain as an ideal gateway connecting the Mainland capital market with the rest of the world, and provide a prime location and platform for international businesses and investors to tap into the vast business potential and investment opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area, Mainland China and beyond, and of course include the Middle East, ASEAN (Association of Southeast Asian Nations) and India as covered in this year’s conference in many more years to come.
          
         As a leading global financial centre, we will continue to expand and enrich our dynamic capital markets and liquidity pool as well as diversify our product and services offerings to better serve both regional and international investors. We welcome you all to use Hong Kong as a platform to grab the opportunities and at the same time to give us more comments and also views in terms of how we can grow this market further. Thank you.   

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Fake recruitment drive by ‘National Rural Development & Recreation Mission (NRDRM)’-in the name of Ministry of Rural Development

    Source: Government of India

    Posted On: 17 FEB 2025 4:32PM by PIB Delhi

    The Ministry of Rural Development wishes to draw attention of the general public to fraudulent advertisements by an organization purportedly carrying out recruitment in the name of the Ministry. The National Rural Development & Recreation Mission-NRDRM claiming to have its office at Dr. Rajendra Prasad Road, New Delhi, 110001 and websites viz-a-viz. www.nrdrm.com(http://www.nrdrm.com) and www.nrdrmvacancy.com (http://www.nrdrmvacancy.com), does not work under the purview of Ministry of Rural Development (MoRD), Government of India, as claimed.

    General public at large is hereby warned that any recruitment activities undertaken by National Rural Development & Recreation Mission-NRDRM perpetrated purportedly in the name of this Ministry, and/or its officials may be considered fraudulent and do not have any endorsement.

    The MoRD does not charge any fee at any stage of its recruitment process or other fee, or request information on applicants’ bank accounts. Also, information on recruitment in this department are suitably posted on its official website i.e. rural.gov.in.

    ******

    MG/RN

    (Release ID: 2104089) Visitor Counter : 25

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Three more arrested in connection with murder and wounding case in Yuen Long

    Source: Hong Kong Government special administrative region

    In connection with a murder and wounding case happened in Yuen Long on January 22, Police further arrested one 18-year-old man and 25-year-old man for murder, wounding and trafficking in dangerous drug; and one 26-year-old man for trafficking in dangerous drug and assisting offenders in Castle Peak on February 15.
    In the murder and wounding case, a 24-year-old man died and a 28-year-old man was injured.

    The 18-year-old man and 25-year-old man were laid holding charges with one count of murder, one count of wounding and one count of trafficking in dangerous drug respectively; while the 26-year-old man was laid holding charges with one count of trafficking in dangerous drug and one count of assisting offenders. The case will be mentioned at Fanling Magistrate’s Courts in tomorrow morning (February 18).

    Police arrested another eight men and two women, aged between 19 to 31, in suspected connection with the case earlier, for offenses such as murder, wounding and assisting offenders.

    For the four men who had been charged earlier, the case was mentioned at Tuen Mun Magistrates’ Courts and Fanling Magistrates’ Courts on January 25 and 27 respectively. The other four men and two women were released on bail and are required to report back to Police in late February and early March.

    Active investigation by the Regional Crime Unit of New Territories North is under way. Anyone who witnessed the case or has any information to offer is urged to contact the investigating officers on 3661 3356.

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: APEDA Facilitates First-Ever Sea Shipments of Indian Pomegranates to Australia

    Source: Government of India

    Posted On: 17 FEB 2025 12:42PM by PIB Delhi

    In a significant milestone for India’s agricultural exports, the Agricultural and Processed Food Products Export Development Authority (APEDA) in collaboration with AgroStar and Kay Bee Exports successfully completed India’s first-ever commercial trial shipments of premium Sangola and Bhagwa pomegranates respectively to Australia via sea. This marks a major breakthrough in expanding market access for Indian fresh produce.

    After getting the market access for export of Indian pomegranates to Australia, a work plan and Standard Operating Procedures (SOP) for the export of pomegranates to Australia were signed in February 2024.  The first air shipment took place in July 2024, following the successful market access facilitation by APEDA and National Plant Protection Organization (NPPO). The air shipment helped assess market demand, which led to follow-up sea shipments to optimize cost efficiency.

    The first-ever sea-freight shipment departed from India on December 6, 2024 and arrived in Sydney on January 13, 2025 with 5.7 metric tons (MT) of pomegranates sourced from the Solapur region of Maharashtra, packed into 1,900 boxes, each containing 3 kg of premium fruit. Another commercial sea shipment carrying 1,872 boxes (6.56 tons) of Bhagwa variety arrived in Brisbane, Australia, on January 6, 2025. The use of bulk sea shipment ensured competitive pricing, benefiting farmers and creating sustainable trade opportunities. Both shipments were integrated into ANARNET, India’s traceability system, ensuring transparency and building consumer confidence in international markets. This successful export not only underscores India’s capabilities in meeting global quality standards but also provides a significant boost to Indian farmers by opening up new revenue streams.

    Upon arrival, the pomegranates received an overwhelmingly positive response in Sydney, Brisbane and Melbourne. The strong demand has already led to immediate requests for additional shipments, showcasing the growing potential for a profitable and sustainable trade relationship between India and Australia. The shipment’s timing was strategically aligned with Australia’s non-producing season, maximizing market opportunities for Indian exporters.

    Mr. Abhishek Dev, Chairman APEDA, emphasised “India’s agricultural export landscape is growing at an unprecedented pace, with fresh fruit exports surging by 29% year-on-year. Pomegranates alone have seen a 20% growth, demonstrating the immense potential of this segment. The successful shipments of premium pomegranates to Australia marks India’s ability to supply high-quality fresh produce to discerning international markets. Through advanced traceability systems like ANARNET, we ensure that Indian agricultural products meet the highest global standards, enhancing consumer trust worldwide.”

    Mr. Abhishek Dev also emphasized APEDA’s role in securing and facilitating market access for Indian farmers, stating, “We are committed to supporting Indian farmers and agri-entrepreneurs by expanding into new and emerging markets. This success story paves the way for further collaborations and increased export volumes in the future.”

    With the next export season beginning in September, AgroStar’s INI Farms, Kay Bee Exports and other key players are poised to build on this success, ensuring a steady supply of Indian pomegranates to Australia. This development reaffirms India’s position as a global leader in agricultural exports and strengthens bilateral trade ties with Australia.

    APEDA is a statutory body under the Ministry of Commerce and Industry, Government of India which plays a crucial role in facilitating agricultural and processed food exports. APEDA supports Indian farmers and agri-businesses by promoting market development, infrastructure expansion and export promotion through traceability systems like ANARNET. India’s agricultural exports, including fresh fruits, vegetables, basmati rice and processed foods, continue to see robust growth, reinforcing the country’s position in the global agri-trade sector.

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    Abhishek Dayal/ Abhijith Narayanan

    (Release ID: 2104015) Visitor Counter : 99

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Vice-President to visit Jaipur, Rajasthan on 18th February, 2025

    Source: Government of India

    Vice-President to visit Jaipur, Rajasthan on 18th February, 2025

    Vice-President to be Chief Guest at FORTI’s Conclave on “Nation Building: The Role of Entrepreneurs”

    Posted On: 17 FEB 2025 11:42AM by PIB Delhi

    The Vice-President of India, Shri Jagdeep Dhankhar, will be on a one-day tour of Jaipur, Rajasthan on 18th February, 2025.

    During his visit, the Vice-President will preside as the Chief Guest at FORTI’s (Federation of Rajasthan Trade & Industry) Conclave on “Nation Building: The Role of Entrepreneurs” in Jaipur, Rajasthan.

     

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    JK/RC/SM

    (Release ID: 2103970) Visitor Counter : 76

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Prime Minister urges everyone to stay calm and follow safety precautions after tremors felt in Delhi

    Source: Government of India (2)

    Posted On: 17 FEB 2025 8:08AM by PIB Delhi

    The Prime Minister, Shri Narendra Modi has urged everyone to stay calm and follow safety precautions after tremors felt in Delhi. Shri Modi said that authorities are keeping a close watch on the situation.

    The Prime Minister said in a X post;

    “Tremors were felt in Delhi and nearby areas. Urging everyone to stay calm and follow safety precautions, staying alert for possible aftershocks. Authorities are keeping a close watch on the situation.”

     

    Tremors were felt in Delhi and nearby areas. Urging everyone to stay calm and follow safety precautions, staying alert for possible aftershocks. Authorities are keeping a close watch on the situation.

    — Narendra Modi (@narendramodi) February 17, 2025

     

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    MJPS/ST

    (Release ID: 2103912) Visitor Counter : 83

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI United Kingdom: Derby’s New Youth Mayor Elected in Record-Breaking Vote

    Source: City of Derby

    Young people across Derby have made their voices heard in a landmark election, choosing their next Youth Mayor in a record-breaking vote.

    India Johal, a student at Littleover Community School, has been elected as Derby’s Youth Mayor for 2025, with Maryam Riaz from Derby Moor Academy taking on the role of Deputy Youth Mayor. Both will officially take up their positions at Derby City Council’s Annual General Meeting in May 2025.

    This year’s election saw unprecedented participation with 12,024 votes cast by young people from schools across the city – the highest turnout in the history of Derby’s Youth Mayor elections. The impressive turnout highlights the growing enthusiasm among young people to take an active role in local democracy.

    The success of the election was made possible by a collaborative effort between Derby City Council’s Democracy and Early Help teams, local schools and Derbyshire Police Cadets, who played a key role in counting the votes.

    Councillor Paul Hezelgrave, Cabinet Member for Children, Young People and Skills, praised the high level of engagement and congratulated the newly elected Youth Mayor and Deputy Youth Mayor:

    This record turnout shows the enthusiasm of our young people to get involved in local democracy and it’s inspiring to see them taking such an active role in shaping the future of their city. India and Maryam should be incredibly proud of their achievement, and I have no doubt that they will be fantastic representatives of Derby’s young people. Congratulations to both and well done to all the candidates who put themselves forward – it’s encouraging to see so many young people passionate about making a difference.

    Taking part in elections (whether for Youth Mayor, school councils or national elections) gives young people a voice in the decisions that affect their lives. The record turnout in this year’s Youth Mayor election proves that young people in Derby are engaged and want to make a difference. By voting, they are helping to shape policy and influence the future of their communities. If you want to get involved and find out more about youth democracy, local decision-making and how to make your voice heard, visit the Your Voice: Children and Young People website: www.derby.gov.uk/council-and-democracy/your-voice-children-young-people.

    As India and Maryam prepare to take up their new roles, Derby City Council would like to congratulate them and thank all the young people who took part in making this a landmark moment for youth engagement in Derby.

    MIL OSI United Kingdom –

    February 18, 2025
  • MIL-OSI Economics: Samsung’s AI-Driven and Sustainable Signage Solutions Earn Top Awards at ISE 2025

    Source: Samsung

    As Europe’s largest display exhibition, Integrated Systems Europe (ISE) always highlights the best of the best in digital signage. This year was no different with Samsung Electronics and other industry-leading companies setting the stage for the future by pushing the boundaries of innovation.
     
    ▲ Samsung received a total of 12 awards, including five Best of Show awards at ISE 2025.
     
    Samsung’s booth entrance featured The Wall, drawing in visitors with an immersive anamorphic experience powered by cutting-edge MICRO LED technology. Throughout the booth, attendees caught a glimpse of the various environments being transformed by Samsung’s next-generation signage solutions — from corporate offices and classrooms to hotels and museums.
     
    ▲ Thousands of attendees made their way through Samsung’s engaging and expansive booth.
     
    Samsung Newsroom captured some of the standout products showcased at ISE 2025 that demonstrate Samsung’s leadership in commercial display technology.
     

    Samsung Color E-Paper: Ultra-Bright, Ultra-Light and Ultra-Efficient
    HoloDisplay: Bringing Signage to Life With 3D Innovation
    Transparent MICRO LED: Blending Reality and Digital Content
    Interactive Display: A Smarter, More Interactive Classroom Experience
    The Wall: Optimizing Command and Control Rooms With High-Resolution Displays
    The Wall for Virtual Production: A Seamless, Cost-Effective LED Stage Solution for Filmmakers
    SmartThings Pro: Expanding Partnerships and Enhancing IoT Automation
    Another Record-Breaking Year for Samsung at ISE 2025

     
     
    Samsung Color E-Paper: Ultra-Bright, Ultra-Light and Ultra-Efficient
    ▲ (From left) Jungsuk Han, Jonghwa Bae and Kwangju Kim stand with ISE 2025 Best of Show trophies for Samsung Color E-Paper, which delivers vivid, high-intensity color in a remarkable form factor.
     
    Launched at ISE 2025, the energy-efficient Samsung Color E-Paper (EMDX model) stunned visitors with its vibrant digital ink technology and slim, lightweight design. This innovative signage solution is ideal for locations where content remains the same for a week or longer — such as retail or grocery stores and outdoor spaces such as bus stops. The display uses 0.00W1 of power when showing a static image and can easily be managed through a dedicated app2 or with Samsung VXT (Visual eXperience Transformation), a cloud-based content management solution (CMS) platform.
     
    Samsung Color E-Paper received numerous Best of Show awards at ISE 2025 from trade publications — including AV Technology, Digital Signage and Installation.
     
     
    HoloDisplay: Bringing Signage to Life With 3D Innovation
    ▲ A visitor reaches out to try and touch the 3D projected image in the innovative HoloDisplay, which creates a ‘floating object’ effect for an immersive experience
     
    Following its debut at CES 2025, the HoloDisplay captivated attendees with its anti-distortion technology that forms a floating image in midair and its brighter and sharper picture quality. The HoloDisplay also earned the Best of Show award at ISE 2025 from Installation.
     

    Transparent MICRO LED: Blending Reality and Digital Content
    ▲ The Transparent MICRO LED attracted visitors’ attention with its crystal-clear, glass-like display.
     
    The Transparent MICRO LED display brought a new viewing experience to attendees. With its crystal-clear, glass-like design and high resolution, the display earned industry recognition including this year’s Digital Signage Innovation of the Year award from AV News.
     

    Interactive Display: A Smarter, More Interactive Classroom Experience
    ▲ 2025 Interactive Display with Samsung AI Assistant
     
    Samsung showcased its 2025 Interactive Display with Samsung AI Assistant — a new educational solution designed to provide an interactive experience to students. Attendees explored the new AI capabilities now supported, such as Circle to Search.
     
    The 2025 Interactive Display earned the Best of Show award at ISE 2025 from the trade publication Tech & Learning, further solidifying its reputation as a cutting-edge educational solution.
     
     
    The Wall: Optimizing Command and Control Rooms With High-Resolution Displays
    ▲ A Traffic command and control demonstration at ISE 2025 (left) and NASCAR’s new remote race control room (right)
     
    Samsung showcased how The Wall can help businesses make fast and informed decisions. At the booth, attendees witnessed how the display can be used in settings such as control rooms to provide a large, dynamic canvas for real-time monitoring and decision-making.
     
    In the United States, NASCAR’s new remote race control room now utilizes The Wall enhanced race officiating. Officials can review comprehensive, real-time video, audio and data from the track and remotely oversee races on an impressive 32-foot-wide, 9-foot-tall screen.
     
     
    The Wall for Virtual Production: A Seamless, Cost-Effective LED Stage Solution for Filmmakers
    ▲ The Wall for Virtual Production in the corporate broadcast section in Samsung’s booth at ISE 2025
     
    Samsung hosted a live demonstration at Samsung Corporate Broadcast Studio inside the ISE 2025 venue to showcase the seamless integration of The Wall for Virtual Production (IVC model) with Arnold & Richter Cine Technik (ARRI) cameras and lighting fixtures as well as Realtime Department’s digital experience solution. The combination of these technologies created ready-to-shoot LED backgrounds for virtual production — ensuring exceptional image quality and ease of use for corporate, broadcast and media environments.
     
    “The collaboration with Samsung and Realtime Department has significantly lowered the entry barrier to LED production for filmmakers,” said Andre Rittner, Business Development Manager of EMEAI (Europe, the Middle East, Africa and India) at ARRI. “This partnership has brought ARRI’s award-winning equipment to a suite of studio production tools and reduced production costs without compromising quality.”
     
     
    SmartThings Pro: Expanding Partnerships and Enhancing IoT Automation
    ▲ The SmartThings Pro wall
     
    Samsung showcased how device ecosystems can be managed with SmartThings Pro — the company’s hyper-connected B2B platform featuring enterprise-level encryption to safeguard sensitive data across IoT connections.
     
    Several new partnerships enhance the functionality of SmartThings Pro in business settings.
     
    Meeting rooms: Cisco video conference cameras and dashboards connect with 105-inch 21:9 Smart signage for crystal clear video conferencing and intuitive control. The AMX Muse Automation Controller streamlines operation of The Wall without compromising security.
    Retail stores: Five Nexmosphere sensors expand SmartThings Pro’s capabilities in retail settings — a presence sensor, radio-frequency identification (RFID) sensor, lidar sensor, ambient lighting sensor and an NFC reader.
    Hotels: ABB devices integrate with NetX management systems and SmartThings Pro to create new guest experiences.
     
     
    Another Record-Breaking Year for Samsung at ISE 2025
    Samsung’s leadership in digital signage was recognized at ISE 2025 with 12 awards from various organizations and trade publications — surpassing the impressive nine awards won in 2024.
     
    Best of Show Awards from Future
    AV Technology: Samsung Color E-Paper
    Digital Signage: Samsung Color E-Paper
    Installation: Samsung Color E-Paper and HoloDisplay
    Tech & Learning: 2025 Interactive Display
     
    AV News Awards
    AV Project of the Year (Commercial) Award: Samsung for using the Outdoor LED Signage XHB series (P8) at Shinsegae Department Store in Seoul, South Korea
    Digital Signage Innovation of the Year Award: Transparent MICRO LED
     
    Inavation Awards
    Applied Technology Award: Samsung for using Onyx Led screens at Pathé Palace in Paris, France
     
    ▲ Employees from Samsung France receive the Applied Technology Award.
     
    Top New Technologies (TNT) Awards from Commercial Integrator
    All-Weather Display: OHDX Outdoor Signage 46”and 55”
    TVs: 2024 HBU8000 Hospitality TV
    Video Monitors: QHFX 115” Smart Signage
     
    ISE Stand Design Awards from EXHIBITOR Magazine
    Sustainability Recognition XL (250 m2 or more): Samsung
     
    ▲ The Sustainability Recognition XL award recognizes the eco-conscious design of Samsung’s ISE 2025 booth.
     
    ISE 2025 illustrated how quickly digital signage is evolving. Samsung is revolutionizing the industry with energy-efficient, AI-driven innovations — setting new standards with its award-winning lineups at ISE 2025 and beyond.
     
     
    1 The power measurement is based on IEC62301 standards from the International Electrotechnical Commission. According to the standards, the average power below 0.005W is indicated as 0.00W.2 Samsung Color E-Paper mobile app supports Android 10 and above, and iOS 15 and above. Availability may vary by device, software version and region.

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI United Kingdom: Liverpool flies the Purple Flag once more

    Source: City of Liverpool

    Liverpool has once again been awarded Purple Flag status, receiving accreditation by the international scheme for the 15th year in a row.

    This recognition highlights the Liverpool’s commitment to being one of the UK’s safest night-time economies, where residents and visitors can enjoy a secure and vibrant nightlife experience. It is one of only a handful of cities that has retained the status since 2010.

    Run by the Association of Town and City Management (ATCM), the Purple Flag scheme recognises places that have a dynamic, secure, and vibrant evening and night-time economy, similar to a Green Flag for parks, or Blue Flag for beaches.

    The prestigious award highlights Liverpool’s diverse range of entertainment, dining and culture throughout the night, as well as its commitment to the welfare and safety of visitors and residents.

    The report from ATCM praised the city for its range of local and high-end venues, and its ‘iconic and unique appearance and reputation’. The wellbeing of visitors was also rated highly, with strong partnerships between the Council, Liverpool One, Merseyside Police, Liverpool BID and students’ groups contributing to a welcoming, clean, and safe night-time environment.

    People’s safety is a priority for Liverpool City Council, who work closely with the police to tackle crime and anti-social behaviour on the streets. In 2024, the Council’s CCTV network helped to deal with over 3,000 incidents, including assaults, thefts, and criminal damage.

    There are over 80 Purple Flag destinations around the globe across the UK, Ireland, Sweden, Malta, New Zealand and Australia.

    Recently, Liverpool’s Purple Flag status attracted delegates from the Asia branch of the International Festivals and Events Association (IFEA) to the city.

    More than thirty IFEA members toured the city in December to learn about its thriving nightlife and are hoping to use this knowledge to apply for Purple Flag status in Asian cities for the first time.

    In April, Liverpool City Council and partners will officially accept the title at a special event.

    Councillor Laura Robertson-Collins, Liverpool City Council’s Cabinet Member for Communities, Neighbourhoods and Streetscene said: “I am delighted that Liverpool has once again been recognised for its outstanding night-time economy.

    “Our excellent nightlife here in the city is no secret, and we’re proud that Liverpool is seen as an exciting, engaging, and safe place for people to visit.

    “This accreditation is down to all the hard work from our staff and partners across the city, who work incredibly hard every single day to make sure that the city remains a great place to live in and come to.”

    Shaun Holland, Director of Operations at Liverpool BID Company said: “I am delighted that Liverpool has once again been awarded Purple Flag status. The tireless work that takes place between partners in the city, the night-time venues and community are reflected in this welcomed recognition.

    “Liverpool is recognised nationally as one of the best and safest places to visit for a memorable night or weekend experience. We are blessed in Liverpool to have great people who work and live here.

    “Visitors are warmly welcomed and encouraged to explore and experience all the wonderful sights, sounds, hospitality and food outlets enriching their experience.”

    Emily Spurrell, Merseyside’s Police Commissioner, said: “I’m delighted that Liverpool has retained its Purple Flag for the fifteenth year running. To be awarded this status once again only serves to reaffirm what we already know that our city is a safe and welcoming place for people to visit from all walks of life.

    “Millions of visitors, from near and far, come to our city each year to see our iconic buildings and landmarks, whilst enjoying a safe night out in our many pubs, bars, clubs and restaurants, so it is fantastic to see this being recognised, once again, on a national level by a team of independent assessors.

    “The Purple Flag status is testament to those who work tirelessly to keep our nighttime economy safe and inclusive, and my thanks go to Merseyside Police and Liverpool City Council, who are committed, with the support of our partner agencies, to deliver a comprehensive and proactive plan to ensure the city centre is a place for people of all ages, interests and backgrounds to enjoy.

    “The safety of our residents and visitors is always our number one priority and whilst the retention of this status gives reason to celebrate, we remain wholly focussed on getting even better at what we are doing, to ensure that Liverpool continues to be the best place in the UK to come for a night out, for many years to come.”

    MIL OSI United Kingdom –

    February 17, 2025
  • MIL-OSI Asia-Pac: Director General David Cheng-Wei Wu and Mrs. Wu Celebrated Taiwan’s Night Lunar New Year with the Australian Taiwanese Friendship Association (ATFA)

    Source: Republic Of China Taiwan 2

    Director General David Cheng-Wei Wu and Mrs. Wu were delighted to celebrate Taiwan’s Night Lunar New Year with the Australian Taiwanese Friendship Association (ATFA), joined by VIPs including Federal MP Paul Fletcher, NSW MPs Hugh McDermott, Tim James, and Matt Cross, as well as Willoughby Mayor Tanya Taylor and Councilors, all coming together to show their strong support for TW-AU friendship and the Taiwanese community。
    In his remarks, DG Wu highlighted:

    As Prime Minister Anthony Albanese said at Ryde Lunar New Year Festival, the Lunar New Year is a wonderful time of year—one that has become such a cherished fixture on the Australian calendar, with families, friends, and communities coming together in joy and celebration to share in centuries of tradition.
    Indeed, the Taiwanese community brings energy and vibrancy to Australia’s economy while embodying its spirit of diversity and inclusivity. Overseas Taiwanese play a key role in connecting TW with AU and the world, strengthening Taiwan’s international image and influence.
    Taiwan is Australia’s only top-10 export market without an FTA. We urge the launch of FTA negotiations and look forward to Australia’s support, as the 2025 rotating chair, for Taiwan’s accession to CPTPP.

    During the speeches, Federal MP Paul Fletcher expressed heartfelt gratitude for the Taiwanese community’s longstanding support and looked forward to Gisele continuing to advocate for the community. NSW MPs echoed DG Wu’s calls for a TW-AU FTA and Taiwan’s accession to the CPTPP. Mayor Tanya acknowledged the contributions of the Taiwanese community and highlighted that 10 out of 13 city councillors—nearly all—were present in support of the community.
     

    MIL OSI Asia Pacific News –

    February 17, 2025
  • MIL-OSI Asia-Pac: President Lai meets former United States Deputy National Security Advisor Matthew Pottinger

    Source: Republic of China Taiwan

    Details
    2025-02-11
    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
    2025-02-11
    Presidential Office thanks US and Japan for joint leaders’ statement
    On February 7 (US EST), President Donald Trump of the United States and Prime Minister Ishiba Shigeru of Japan issued a 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.” In the statement, the two leaders also “encouraged the peaceful resolution of cross-strait issues, and opposed any attempts to unilaterally change the status quo by force or coercion” and “expressed support for Taiwan’s meaningful participation in international organizations.” Presidential Office Spokesperson Karen Kuo (郭雅慧) on February 8 expressed sincere gratitude on behalf of the Presidential Office to the leaders of both countries for taking concrete action to demonstrate their firm support for peace and stability across the Taiwan Strait and for Taiwan’s international participation. Spokesperson Kuo pointed out that there is already a strong international consensus on the importance of peace and stability in the Indo-Pacific region. The spokesperson emphasized that Taiwan, as a responsible member of the international community, is capable and willing to work together with the international community and will continue strengthening its self-defense capabilities as it deepens its trilateral security partnership with the US and Japan and works alongside like-minded countries to uphold the rules-based international order. The spokesperson said that Taiwan will work toward ensuring a free and open Taiwan Strait and Indo-Pacific region, as well as global peace, stability, and prosperity, as it continues to act as a force for good in the world.

    Details
    2025-02-11
    President Lai’s response to Pope Francis’s 2025 World Day of Peace message  
    President Lai Ching-te recently sent a letter to Pope Francis of the Catholic Church in response to his message marking the 58th World Day of Peace. The following is the full text of the president’s letter to the pope: Your Holiness, In your message for the 2025 World Day of Peace entitled Forgive us our trespasses: grant us your peace, you called for a cultural change that would bring an end to the governance of interpersonal and international relations by a logic of exploitation and oppression and herald true and lasting peace. I wholeheartedly admire and identify with your point of view. Since transitioning from a medical career to politics, I have remained true to my original intentions in the sense that, while a doctor can help only one person at a time, a public servant can simultaneously assist many people in resolving the difficulties affecting their lives. In my inaugural address in May 2024, I pledged that every day of my term, I would strive to act justly, show mercy, and be humble, which accord with the teachings of the Bible. I promised to treat the Taiwanese people as family and prove myself worthy of their trust and expectations. With an unwavering heart, I have accepted the people’s trust and taken on the solemn responsibility of leading the nation forward and building a democratic, peaceful, and prosperous new Taiwan. In this new year, the changing international landscape continues to present many grave challenges to democratic nations around the world. As the Russia-Ukraine war persists, the steady convergence of authoritarian regimes, including China, Russia, North Korea, and Iran, threatens the rules-based international order and severely impacts peace and stability in the Indo-Pacific and the world at large. Your Holiness has stated that war is a defeat for everyone. I, too, firmly believe that peace is priceless and that war has no winners. A high level of consensus has formed in the international community on upholding peace and stability across the Taiwan Strait. The Taiwanese people also maintain an unyielding commitment to safeguarding a way of life that encompasses freedom, equality, democracy, and human rights. Taiwan will continue to spare no effort in preserving regional peace and stability and serving as a pilot for global peace. In your World Day of Peace message, you urged prosperous countries to assist poorer ones. This compassion is truly touching. Taiwan is proactively implementing values-based diplomacy and, under the Diplomatic Allies Prosperity Project, enhancing allies’ development through a range of initiatives. Over many years, Taiwan has accumulated abundant and unique experience of providing foreign assistance. Seeking to foster self-reliance among disadvantaged countries, we have extended genuine support to help alleviate poverty through such avenues as strengthening basic infrastructure, transferring technology, and cultivating talent. In your message, you reminded countries worldwide that assistance should not be merely an isolated act of charity and pointed to the need to devise a new global financial framework so that food crises, climate change, and other challenges could be jointly addressed. I hold this view in high regard. I therefore earnestly hope that international organizations will stop excluding Taiwan for political reasons. Taiwan is willing to shoulder its international responsibilities so that it can contribute and share its valuable experience through many global platforms.  On behalf of the government and people of the Republic of China (Taiwan), I again express our interest in collaborating with the Holy See to advance world peace through concrete action. We also aspire to demonstrate Taiwanese values and the Taiwanese spirit and work together with the Holy See to uphold the core values of justice, democracy, freedom, and peace.  Please accept, Your Holiness, the renewed assurances of my highest consideration, as well as my best wishes for your good health and the continued growth of the Catholic Church.

    Details
    2025-02-11
    President Lai meets former US Vice President Mike Pence
    On the afternoon of January 17, President Lai Ching-te met with former Vice President of the United States Mike Pence. In remarks, President Lai thanked former Vice President Pence for his contributions to the deepening of Taiwan-US relations, noting that he actively helped to strengthen Taiwan-US cooperation and facilitate the normalization of military sales to Taiwan, and did his utmost to deepen the Taiwan-US economic partnership. The president indicated that former Vice President Pence also spoke up for Taiwan on numerous occasions at international venues, backing Taiwan’s international participation. President Lai expressed hope for a stronger Taiwan-US partnership to maintain peace and stability throughout the world, and that the two sides can advance bilateral exchanges in such areas as the economy, trade, and industry. A translation of President Lai’s remarks follows: I am delighted to welcome former Vice President Pence and Mrs. Karen Pence to the Presidential Office. Former Vice President Pence is not only an outstanding political leader in the US, but also a staunch supporter of Taiwan on the international stage. On behalf of the people of Taiwan, I would like to take this opportunity to extend our deepest gratitude to former Vice President Pence for his contributions to the deepening of Taiwan-US relations. Thanks to former Vice President Pence’s strong backing, ties between Taiwan and the US rose to unprecedented heights during President Donald Trump’s first administration. Former Vice President Pence actively helped to strengthen Taiwan-US security cooperation and facilitate the normalization of military sales to Taiwan, helping Taiwan reinforce its self-defense capabilities. He also did his utmost to deepen the Taiwan-US economic partnership. Former Vice President Pence also paid close attention to the military threats and diplomatic isolation faced by Taiwan. He spoke up for Taiwan on numerous occasions at international venues, taking concrete action to back Taiwan’s international participation. We were truly grateful for this. As we speak, China’s political and military intimidation against Taiwan persist. China and other authoritarian regimes, such as Russia, North Korea, and Iran, are continuing to converge and present serious challenges to democracies around the globe. At this moment, free and democratic nations must come together to bolster cooperation. I believe that a stronger Taiwan-US partnership can be an even more powerful force in maintaining peace and stability throughout the world. Former Vice President Pence has previously supported the signing of a trade agreement between Taiwan and the US. Taiwan looks forward to continuing to work with the new US administration and Congress to advance bilateral exchanges in such areas as the economy, trade, and industry. This is the first time that former Vice President Pence and Mrs. Pence are visiting Taiwan, and their visit is significantly meaningful for Taiwan-US exchanges. On behalf of the people of Taiwan, I want to extend a warm welcome. Moving forward, I hope we will jointly realize even more fruitful achievements through Taiwan-US cooperation. Former Vice President Pence then delivered remarks, thanking President Lai for his hospitality on his and his wife’s first visit to Taiwan, saying that it is an honor to be here to reaffirm the bonds of friendship between the people of America and the people of Taiwan, which are strong and longstanding. The former vice president indicated that the American people admire the people of Taiwan and all that has been accomplished in a few short decades for Taiwan to rise to one of the world’s preeminent economic powers and free societies. He said that he is grateful for President Lai’s courageous and bold leadership of Taiwan, and grateful to be able to express the support of the overwhelming majority of the American people for this alliance. Former Vice President Pence indicated that the values shared by Taiwan and the US, including freedom, the rule of law, and respect for human rights, bind us together in a partnership that transcends geographic boundaries and cultures. He then assured President Lai that China’s increasingly aggressive posture in the Taiwan Strait and across the Indo-Pacific, for the values and interests that both sides share, is deeply concerning to the American people. Former Vice President Pence stated that America is a Pacific nation, and is committed to the status quo, adding that they recognize it is China that wants to change the status quo that America, Taiwan, and other allies in the region want to preserve, which has created an environment of extraordinary growth and prosperity. The former vice president concluded by once again thanking President Lai and his team for their gracious hospitality and conveying best wishes to him and the people of Taiwan. Former Vice President Pence then assured President Lai that just as Taiwan will never surrender its freedom, he will continue to be a voice for a strong US-Taiwan relationship in the defense and the benefit of Taiwan, the US, and the free world. Later that day, Vice President Bi-khim Hsiao hosted a banquet for former Vice President Pence and his delegation at Taipei Guest House to thank him for his longstanding friendship and staunch support for Taiwan-US ties.  

    Details
    2025-02-11
    President Lai meets delegation to 60th Inaugural Ceremonies of US president and vice president
    On the morning of January 16, President Lai Ching-te met with Taiwan’s delegation to the 60th Inaugural Ceremonies of the President and Vice President of the United States. In remarks, President Lai stated that democratic Taiwan stands united, working hard to deepen Taiwan-US ties together. He then entrusted the delegation with three missions: to convey best wishes from the people of Taiwan, convey our firm commitment to democracy, and help Taiwan-US relations reach a new milestone. A translation of President Lai’s remarks follows: The 60th Inaugural Ceremonies of the President and Vice President of the US will be held on January 20. I want to thank Speaker Han Kuo-yu (韓國瑜), president of the Legislative Yuan, for accepting my invitation to lead our nation’s representative delegation to the event. I also thank Legislative Yuan Members Ko Chih-en (柯志恩), Wang Ting-yu (王定宇), Ko Ju-chun (葛如鈞), Lee Yen-hsiu (李彥秀), Chen Kuan-ting (陳冠廷), Kuo Yu-ching (郭昱晴), and Chen Gau-tzu (陳昭姿) for joining this visit to the US to attend the inauguration of President Donald Trump and Vice President J.D. Vance. We have gathered together today despite differences in party affiliation because in democratic Taiwan, while parties may compete domestically, when it comes to engagement externally, they stand united and share responsibility, working hard to deepen Taiwan-US ties and strive for the best interests of the nation. We share the value of defending freedom and democracy, and we share the goal of advancing peace and prosperity. Today, we engage with the world together as those from the same country – the Republic of China (Taiwan). In this complex and volatile new international landscape, and as the nation faces difficulties and challenges, I want to stress that in Formosa, there is no hostility that cannot be let go, and no hardship that cannot be overcome. Unity is the most important, and I hope that Taiwan can stand united, because there is true strength in unity. Democratic Taiwan must stand united in engaging with the world and initiate exchanges with confidence. On that ground, I am entrusting this delegation with three key missions. First, convey best wishes from the people of Taiwan. Just last year, Taiwan and the US celebrated the 45th anniversary of the passage of the Taiwan Relations Act. And on May 20, the US sent a senior bipartisan delegation to congratulate me and Vice President Bi-khim Hsiao on our inauguration. As the leader of this cross-party delegation, Speaker Han must clearly convey the well-wishes of the people of Taiwan, congratulate President Trump and Vice President Vance on their inauguration, and wish success to the new administration and prosperity to the US. Second, clearly convey the firm commitment of the people of Taiwan to democracy. The theme of these inaugural ceremonies is “Our Enduring Democracy: A Constitutional Promise.” Taiwan and the US share the universal value of democracy and are staunch allies. I hope that the delegation can faithfully convey the firm commitment to democracy that the people of Taiwan have, which will not change even in the face of authoritarian threats. Taiwan is willing to stand side by side with the US and other members of the democratic community to defend the sustainable development of global democracy and prevent the expansion of authoritarianism. Third, help Taiwan-US relations reach a new milestone. In recent years, Taiwan-US relations have continued to grow, with the first agreement under the Taiwan-US Initiative on 21st Century Trade having formally taken effect last month. This morning, the House of Representatives also passed the US-Taiwan Expedited Double-Tax Relief Act. I hope that the delegation can help Taiwan-US relations reach a new milestone through these exchanges so that our relations continue to grow, our cooperation expands even more, and so that we can achieve even greater success after the new administration takes office. Four years ago, Taiwan’s representative to the US inaugural ceremonies was Vice President Hsiao, who was then our representative to the US. Everyone has a lot to learn from her. I have specially invited everyone here to converse so that you can draw from Vice President Hsiao’s experience and ensure an even smoother visit. Washington, DC was also hit by a rare blizzard recently, and the weather has been very cold, so make sure to stay warm. I am sending everyone off with hand warmers and thermoses so that you can bring some warmth from Taiwan with you on your journey. And I ask that Speaker Han exercise his wisdom to help generate some warmth between the ruling and opposition parties through cooperation, which they can then bring back to Taiwan. Let us unite to give our all for diplomacy so that we can unite to give our all for Taiwan. I wish the delegation a smooth and safe trip, and hope your missions can be carried out successfully. Speaker Han then delivered remarks, stating that it was an honor to be invited by President Lai to organize a delegation to represent our nation at the 60th Inaugural Ceremonies of the President and Vice President of the US in Washington, DC, and express the Republic of China’s sincere and cordial best wishes. The Legislative Yuan’s president has assumed this important task numerous times in the past, he said, not only to represent the government of the Republic of China, but also to take on the mission of conveying the voices of 23 million people. He went on to say that he is honored to take up the baton, lead eight legislators to the US to attend this celebration that will attract global attention, and express sincere best wishes to newly elected President Trump, Vice President Vance, and the new administration’s team. As enjoined by President Lai, he hopes the delegation’s trip will help open a new chapter in Taiwan-US exchanges. Speaker Han stated that the US is the most free and democratic country in the world. He noted that in 1776 in the US Declaration of Independence, founding father Thomas Jefferson propounded the concept of “unalienable rights,” and emphasized that the people have a right to freedom and the pursuit of happiness, democratic ideas that have long been rooted in the people’s hearts. Today, he said, democracy is also embedded in the DNA of Taiwan’s 23 million people, and this hard-won democratic achievement is a result of the concerted efforts of our pioneering predecessors, thinkers, and activists over the past 100 years. Speaker Han stated that during this visit, the Legislative Yuan delegation hopes to convey the voice of Taiwan as a democratic country. Taiwan’s security, he said, is like the four legs of a table: The first leg is defending the Republic of China, the second is defending freedom and democracy, the third is maintaining Taiwan-US relations, and the fourth is maintaining cross-strait peace. The delegation will travel to the US amidst severe cold weather to show that we value our relationship with the US, and our citizens have great hopes and expectations. Speaker Han stated that this will be a cross-party delegation of eight legislators, all of whom have a strong sense of mission. He hopes that all democratic nations will acknowledge Taiwan’s importance, and pay attention to Taiwan’s 23 million people. The delegation, he said, will do its utmost to convey the goodwill and warmth that the people of Taiwan give to each and every one of our good friends.

    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 –

    February 17, 2025
  • MIL-OSI United Kingdom: Munich Security Conference: G7 foreign ministers’ statement, February 2025

    Source: United Kingdom – Government Statements

    G7 foreign ministers and the EU gave a joint statement on the margins of the Munich Security Conference on 15 February 2025.

    Foreign Secretary David Lammy with G7 foreign ministers and Vice-President of the European Commission Kaja Kallas at the Munich Security Conference.

    Joint statement:

    The G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America and the High Representative of the European Union, met on the margins of the Munich Security Conference for the first time under Canada’s 2025 Presidency.

    The G7 members discussed Russia’s devastating war in Ukraine.  They underscored their commitment to work together to help to achieve a durable peace and a strong and prosperous Ukraine and reaffirmed the need to develop robust security guarantees to ensure the war will not begin again.  

    The G7 members welcomed their discussion today with Andrii Sybiha, Minister of Foreign Affairs of Ukraine.  They recalled the G7’s important contribution towards ending the war in Ukraine, including through measures pursuant to the G7 Joint Declaration of Support for Ukraine, by supporting Ukraine financially through the use of extraordinary revenues stemming from Russian Sovereign Assets, by imposing further cost on Russia, if they do not negotiate in good faith, through caps on oil and gas prices, and by making sanctions against Russia more effective. Any new, additional sanctions after February should be linked to whether the Russian Federation enters into real, good-faith efforts to bring an enduring end to the war against Ukraine that provides Ukraine with long-term security and stability as a sovereign, independent country.  The G7 members reaffirmed their unwavering support for Ukraine in defending its freedom, sovereignty, independence and territorial integrity.

    The G7 members discussed the provision to Russia of dual-use assistance by China and of military assistance by DPRK and Iran.  They condemned all such support.

    The G7 members discussed political, security and humanitarian issues in the Middle East, including in Israel, Gaza, Lebanon, Syria and Iran, and their commitment to advancing regional peace and stability.  They underscored the importance of a durable, Israeli-Palestinian peace.  They reaffirmed their support for the full implementation of the ceasefire reached between Israel and Hamas, including for the release of all hostages and the expansion of humanitarian aid in Gaza.  The G7 members stand behind the ongoing efforts of Egypt, Qatar and the United States in continuing to work towards a permanent ceasefire.  They reiterated their unequivocal condemnation of Hamas and the need to ensure that Hamas neither reconstitutes militarily nor participates in governance.  They recognized Israel’s inherent right to self-defence, consistent with international law. 

    The G7 members welcomed the outcomes of the International Conference on Syria, hosted by France on February 13, 2025.  They reiterated their shared commitment to the people of Syria and their support for an inclusive political transition process, in the spirit of UN Security Council Resolution 2254.  They welcomed, as well, positive developments in Lebanon, including the recent election of President Joseph Aoun, the designation of Nawaf Salam as Prime Minister, and the formation of a new government.  The G7 members reaffirmed their commitment to both countries’ stability, sovereignty, and territorial integrity.

    The G7 members unequivocally condemned Iran’s destabilizing actions, including its rapid advancement of uranium enrichment without credible civil justification, its facilitation of terrorism organizations and armed groups across the Middle East and Red Sea, its proliferation of ballistic missiles and drones, and its transnational repression and violation of fundamental human rights.

    The G7 members reiterated their commitment to a free, open and secure Indo-Pacific region, grounded in respect for the rule of law and sovereignty.  They strongly opposed any attempts to change unilaterally the status quo using force and underscored the importance of resolving disputes peacefully.  They strongly opposed China’s attempts to restrict freedom of navigation through militarization and coercive activities in the East and South China Sea. 

    The G7 members expressed serious concern over the DPRK’s nuclear and ballistic missile programs and reaffirmed their commitment to the complete denuclearization of the Korean Peninsula. They demanded that the DPRK abandon all its nuclear weapons, existing nuclear programs, and any other weapons of mass destruction (WMD) and ballistic missile programs in a complete, verifiable, and irreversible manner in accordance with all relevant United Nations Security Council resolutions (UNSCRs). They underscored that direct DPRK support for Russia’s war of aggression against Ukraine marks a dangerous expansion of the conflict, with serious consequences for European and Indo-Pacific security. They urged the DPRK to cease immediately all assistance for Russia’s war of aggression against Ukraine, including by withdrawing its troops. The called upon DPRK to resolve the abductions issue immediately.

    The G7 members also discussed urgent situations of conflict and instability elsewhere in the world, including in the Democratic Republic of the Congo and Sudan, and in Haiti and Venezuela.

    The G7 Foreign Ministers looked forward to their meeting in Canada in Charlevoix, Quebec on March 12-14.

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    Published 15 February 2025

    MIL OSI United Kingdom –

    February 17, 2025
  • MIL-OSI: Bitget Launches Global Graduate Program to Cultivate the Next Generation of Web3 Talent

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 17, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, announced the launch of its first Bitget Graduate Program, an initiative designed to recruit and cultivate the next generation of blockchain and Web3 talent from top global universities. As part of Bitget’s Blockchain4Youth Corporate Social Responsibility (CSR) initiative, this program aligns with the company’s plans of driving education, innovation, and long-term growth in the blockchain industry.

    The Bitget Graduate Program seeks outstanding graduates with a global mindset, a passion for innovation, and a strong drive to explore the future of Web3. The program provides career opportunities across various fields, including operations, product management, marketing, risk & compliance, data management, and engineering, enabling participants to gain hands-on experience in one of the fastest-growing sectors.

    Applications are now open on the Bitget official website and will remain available until March 15, 2025. Successful candidates will receive offer letters to join Bitget, with the earliest start date being April 1. Through this program, Bitget plans to hire around 30 exceptional graduates, offering them a structured development program, cross-functional training, and direct mentorship from industry experts. Participants will have the opportunity to work on cutting-edge blockchain projects and contribute to expanding Web3 applications.

    “At Bitget, we believe the future of Web3 lies in the hands of the next generation,” said Vugar Usi Zade, Chief Operating Officer at Bitget. “The Graduate Program is designed to bridge the gap between ambition and opportunity, providing young professionals with a direct pathway to immerse themselves in the blockchain industry. As Web3 adoption accelerates, we are committed to equipping future leaders with the skills and experiences they need to shape the decentralized world.”

    Bitget offers a dynamic and diverse workplace, with over 1,800 employees from over 60 countries and a culture that values efficiency, innovation, and collaboration. The program offers competitive compensation, clear career development pathways, and growth opportunities within Bitget.

    Launched in May 2023, Blockchain4Youth aligns with Bitget’s commitment to inspiring the next generation to embrace blockchain. With a $10 million pledge over five years, the initiative offers courses, hackathons, and scholarships. By the end of 2024, Bitget had entered over 60 universities, including  Massachusetts Institute of Technology (MIT), University College London (UCL), Hong Kong University of Science and Technology, National Technological University of Argentina, National Taiwan University, and RMIT University, hosting nearly 100 talks and reaching over 13,000 students.

    For more details on the Bitget Graduate Program and application process, visit this link.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships,  such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b8e4841-98ea-487c-b176-1a3359695920

    The MIL Network –

    February 17, 2025
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