Category: Asia

  • MIL-OSI China: China never engages in aggression or expansion and will firmly counter all threats and challenges: Defense Spokesperson 2025-02-14 “As a peace-loving nation, China never engages in aggression or expansion. But China will never give up its legitimate rights and interests, and will take firm countermeasures against all threats and challenges,” said Chinese Defense Spokesperson Senior Colonel Zhang Xiaogang.

    Source: People’s Republic of China – Ministry of National Defense 2

      BEIJING, Feb. 14 — “As a peace-loving nation, China never engages in aggression or expansion. But China will never give up its legitimate rights and interests, and will take firm countermeasures against all threats and challenges,” said Chinese Defense Spokesperson Senior Colonel Zhang Xiaogang at a press briefing on Friday.

      It is reported that after being sworn  in as the new US Secretary of Defense, Pete Hegseth made clear that the US would restore the warrior ethos and work with allies and partners to deter aggression in the Asia-Pacific by China.

      When being asked to share comment, the defense spokesperson first expressed firm opposition to the groundless accusation made by the US side, adding that China pursues a national defense policy that is defensive in nature and a military strategy of active defense. The Chinese military has always been a staunch force in safeguarding world peace. As a peace-loving nation, China never engages in aggression or expansion. But China will never give up its legitimate rights and interests, and will take firm countermeasures against all threats and challenges.

      The spokesperson went on to emphasize that major country competition should not be the underlying logic of the times. Instead, a steady, sound and sustained China-US diplomatic and defense relationship will serve the common interests of the two countries and meet the general expectation of the international community.

      “Standing at a new starting point, we hope the US will work with China on the principles of mutual respect, peaceful coexistence and win-win cooperation, to deepen state-to-state and military-to-military exchanges and cooperation, so as to inject more certainty and positive energy into the world”, said the spokesperson.

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    MIL OSI China News

  • MIL-OSI: BYDFi Partners with Safeheron to Launch MoonX, the Safest Way to Trade MemeCoins

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — BYDFi, a well-known crypto exchange, officially announced the upcoming launch of its new Web3 on-chain trading platform, MoonX. Specifically designed for Meme Coin traders, MoonX will provide a fast, secure, and intuitive on-chain trading experience. The platform integrates core security technologies from Safeheron, a premier self-custody platform for digital assets, leveraging cutting-edge technologies such as Secure Multi-Party Computation (MPC) and Trusted Execution Environment (TEE) to build an industry-leading key management system that ensures the highest level of security for users’ assets.

    Meme Coin Surge Fuels On-Chain Trading Growth

    Over the past year, the surge in Meme Coin trading has led to an unprecedented rise in on-chain transaction volume. In 2024, transaction fees from Meme Coin trading on the Solana blockchain ecosystem alone exceeded $3.093 billion, contributing to the historic increase in on-chain trading activity. However, alongside this growth, security concerns have become more pronounced. On November 16, 2024, the decentralized exchange (DEX) DEXX was attacked by hackers, resulting in the theft of users’ private keys and a loss of $20 million in assets. This breach raised serious concerns about the security vulnerabilities of on-chain trading and the importance of private key protection.

    BYDFi Partners with Safeheron to Fully Upgrade On-Chain Trading Security

    Every day, thousands of new Meme tokens emerge, and traders face the challenge of selecting quality projects while navigating extreme market volatility. At the same time, the threat to private key security remains one of the most pressing issues in the Web3 space.

    As a globally renowned crypto exchange, BYDFi has always placed a premium on security. Its collaboration with Safeheron brings MoonX the best-in-class security features built on decentralized trust models. Safeheron’s use of MPC and TEE technologies will provide comprehensive key management and transaction signature protection for MoonX, addressing the most critical vulnerabilities in Web3 environments.

    MoonX: The Ultimate On-Chain Trading Arena for Degen Traders

    The high volatility of the Meme Coin market has attracted a wave of Degen traders—speculators who thrive on high-risk, high-reward trades. These traders are constantly searching for the next 100x Gems. MoonX is purpose-built for this audience, enabling on-chain trading of assets across major blockchains including Solana, Ethereum, Base, and BNB Chain. The platform supports over 500,000 token pairs, coupled with powerful market analysis tools to assist traders in making informed decisions.

    MoonX offers an array of specialized, professional-grade trading features designed to optimize the user experience:

    • Take-Profit & Stop-Loss Orders
    • Smart Money & Signal Copy Trading
    • Limit Orders & One-Click Buy/Sell
    • Sell Half on a Double

    Michael, Co-Founder of BYDFi, stated:

    “MOONX is more than just a trading tool—it represents BYDFi’s vision and commitment to the future of Web3. By integrating Safeheron’s cutting-edge security technology, we aim to deliver the safest and most efficient Meme Coin trading environment, eliminating security risks in Web3 trading entirely.”

    MoonX is currently in the final stages of development and will soon be launched. Stay tuned to BYDFi’s official channels for the latest updates.

    About Safeheron

    Safeheron is a global leader in open-source, transparent digital asset self-custody solutions, founded in 2021 and headquartered in Singapore. Utilizing Secure technologies, Safeheron provides institutional clients with the highest level of security in digital asset self-custody services and MPC privatization solutions, enhancing both security and management efficiency.

    Website: https://safeheron.com/ Twitter: https://twitter.com/Safeheron

    About BYDFi

    BYDFi is a Forbes-recognized global top 10 crypto exchange, founded in 2020 and trusted by over 1,000,000 users worldwide. The platform has obtained Money Services Business (MSB) licenses in multiple countries and regions and is a member of the Korea CODE VASP alliance, reinforcing its commitment to regulatory compliance. All platform assets are held with at least a 1:1 reserve ratio, and Proof of Reserves (POR) reports are regularly published to uphold the highest asset security standards.

    • Website: https://www.bydfi.com
    • Support Email: CS@bydfi.com
    • Business Partnerships: BD@bydfi.com
    • Media Inquiries: media@bydfi.com

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    The MIL Network

  • MIL-OSI Asia-Pac: President Lai holds press conference following high-level national security meeting

    Source: Republic of China Taiwan

    Details
    2025-01-01
    President Lai delivers 2025 New Year’s Address
    On the morning of January 1, President Lai Ching-te delivered his 2025 New Year’s Address, titled “Bolstering National Strength through Democracy to Enter a New Global Landscape,” in the Reception Hall of the Presidential Office. President Lai stated that today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. In this new year, he said, Taiwan must be united, and we must continue on the right course. The president expressed hope that everyone in the central and local governments, regardless of party, can work hard together, allowing Taiwan sure footing as it strides forward toward ever greater achievements.  President Lai emphasized that in 2025, we must keep firm on the path of democracy, continue to bolster our national strength, make Taiwan more economically resilient, enhance the resilience of supply chains for global democracies, and continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. The president said that Taiwan will keep going strong, and we will keep walking tall as we enter the new global landscape. A translation of President Lai’s address follows: Today is the first day of 2025. With a new year comes new beginnings. I wish that Taiwan enjoys peace, prosperity, and success, and that our people lead happy lives. Taiwan truly finished 2024 strong. Though there were many challenges, there were also many triumphs. We withstood earthquakes and typhoons, and stood firm in the face of constant challenges posed by authoritarianism. We also shared glory as Taiwan won the Premier12 baseball championship, and now Taiwanese people around the world are all familiar with the gesture for Team Taiwan. At the Paris Olympics, Wang Chi-lin (王齊麟) and Lee Yang (李洋) clinched another gold in men’s doubles badminton. Lin Yu-ting (林郁婷) took home Taiwan’s first Olympic gold in boxing. At the International Junior Science Olympiad, every student in our delegation of six won a gold medal. And Yang Shuang-zi’s (楊双子) novel Taiwan Travelogue, translated into English by King Lin (金翎), became a United States National Book Award winner and a tour de force of Taiwan literature on the international level. Our heroes of Taiwan are defined by neither age nor discipline. They have taken home top prizes at international competitions and set new records. They tell Taiwan’s story through their outstanding performances, letting the world see the spirit and culture of Taiwan, and filling all our citizens with pride. My fellow citizens, we have stood together through thick and thin; we have shared our ups and downs. We have wept together, and we have laughed together. We are all one family, all members of Team Taiwan. I want to thank each of our citizens for their dedication, fueling Taiwan’s progress and bringing our nation glory. You have given Taiwan even greater strength to stand out on the global stage. In this new year, we must continue bringing Taiwan’s stories to the world, and make Taiwan’s successes a force for global progress. In 2025, the world will be entering a new landscape. Last year, over 70 countries held elections, and the will of the people has changed with the times. As many countries turn new pages politically, and in the midst of rapid international developments, Taiwan must continue marching forward with steady strides. First, we must keep firm on the path of democracy. Taiwan made it through a dark age of authoritarianism and has since become a glorious beacon of democracy in Asia. This was achieved through the sacrifices of our democratic forebears and the joint efforts of all our citizens. Democracy’s value to Taiwan lies not just in our free way of life, or in the force driving the diverse and vigorous growth of our society. Democracy is the brand that has earned us international trust in terms of diplomacy. No matter the threat or challenge Taiwan may face, democracy is Taiwan’s only path forward. We will not turn back. Domestic competition among political parties is a part of democracy. But domestic political disputes must be resolved democratically, within the constitutional system. This is the only way democracy can continue to grow. The Executive Yuan has the right to request a reconsideration of the controversial bills passed in the Legislative Yuan, giving it room for reexamination. Constitutional institutions can also lodge a petition for a constitutional interpretation, and through Constitutional Court adjudication, ensure a separation of powers, safeguard constitutional order, and gradually consolidate the constitutional system. The people also have the right of election, recall, initiative, and referendum, and can bring together even greater democratic power to show the true meaning of sovereignty in the hands of the people. In this new year, the changing international landscape will present democratic nations around the world with many grave challenges. Russia’s invasion of Ukraine and conflict between Israel and Hamas rage on, and we are seeing the continued convergence of authoritarian regimes including China, Russia, North Korea, and Iran, threatening the rules-based international order and severely affecting peace and stability in the Indo-Pacific region and the world at large. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. Taiwan needs to prepare for danger in times of peace. We must continue increasing our national defense budget, bolster our national defense capabilities, and show our determination to protect our country. Everyone has a responsibility to safeguard Taiwan’s democracy and security. We must gather together every bit of strength we have to enhance whole-of-society defense resilience, and build capabilities to respond to major disasters and deter threats or encroachment. We must also strengthen communication with society to combat information and cognitive warfare, so that the populace rejects threats and enticements and jointly guards against malicious infiltration by external forces. Here at home, we must consolidate democracy with democracy. Internationally, we must make friends worldwide through democracy. This is how we will ensure security and peace. The more secure Taiwan, the more secure the world. The more resilient Taiwan, the sounder the defense of global democracy. The global democratic community should work even closer together to support the democratic umbrella as we seek ways to resolve the war in Ukraine and conflict between Israel and Hamas. Together, we must uphold stability in the Taiwan Strait and security in the Indo-Pacific, and achieve our goal of global peace. Second, we must continue to bolster our national strength, make Taiwan more economically resilient, and enhance the resilience of supply chains for global democracies. In the first half of 2024, growth in the Taiwan Stock Index was the highest in the world. Our economic growth rate for the year as a whole is expected to reach 4.2 percent, leading among the Four Asian Tigers. Domestic investment is soaring, having exceeded NT$5 trillion, and inflation is gradually stabilizing. Export orders from January to November totaled US$536.6 billion, up 3.7 percent from the same period in 2023. And compared over the same period, exports saw a 9.9 percent increase, reaching US$431.5 billion. Recent surveys also show that in 2024, the average increase in salaries at companies was higher than that in 2023. Additionally, over 90 percent of companies plan to raise salaries this year, which is an eight-year high. All signs indicate that Taiwan’s economic climate continues to recover, and that our economy is growing steadily. Our overall economic performance is impressive; still, we must continue to pay attention to the impact on Taiwan’s industries from the changing geopolitical landscape, uncertainties in the global economic environment, and dumping by the “red supply chain.”  For a nation, all sectors and professions are equally important; only when all our industries are strong can Taiwan be strong as a nation. Our micro-, small-, and medium-sized enterprises (MSMEs) are the lifeblood of Taiwan, and the development of our various industrial parks has given Taiwan the impetus for our prosperity. We must carry the spirit of “Made in Taiwan” forward, bringing it to ever greater heights. Thus, beyond just developing our high-tech industry, our Executive Yuan has already proposed a solution that will help traditional industries and MSMEs comprehensively adopt technology applications, engage in the digital and net-zero twin transition, and develop channels, all for better operational structures and higher productivity. Taiwan must continue enhancing its economic resilience. In recent years, Taiwan has significantly increased its investments in the US, Japan, Europe, and the New Southbound countries, and such investment has already surpassed investment in China. This indicates that our efforts in diversifying markets and reducing reliance on any single market are working. Moving forward, we must keep providing assistance so that Taiwan industries can expand their global presence and market internationally from a solid base here in Taiwan. At the same time, Taiwan must use democracy to promote economic growth with the rest of the world. We must leverage our strengths in the semiconductor and AI industries. We must link with democratic countries so that we can together enhance the resilience of supply chains for global democracies. And through international cooperation across many sectors, such as UAVs, low-orbit communications satellites, robots, military, security and surveillance, or biopharmaceuticals, renewable energy technology, new agriculture, and the circular economy, we must keep abreast of the latest cutting-edge technology and promote diverse development. This approach will help Taiwan remain a leader in advancing global democratic supply chains, ensuring their security and stability. Third, we must continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. Democracy means the people have the final say. Our nation belongs to all 23 million of us, without regard for ethnic group, generation, political party, or whether we live in urban or rural areas. In this new year, we must continue to pursue policies that promote the well-being of the nation and the people. But to that end, the central government needs adequate financial resources to ensure that it can enact each of these measures. Therefore, I hope that the ruling and opposition parties can each soberly reconsider the amendments to the Act Governing the Allocation of Government Revenues and Expenditures and find a path forward that ensures the lasting peace and stability of our country. For nine consecutive years, the minimum wage has continued to rise. Effective today, the minimum monthly salary is being raised from NT$27,470 to NT$28,590, and the hourly salary from NT$183 to NT$190. We hope by raising the pay for military personnel, civil servants, and educators for two consecutive years, coupled with benefits through wage increases and tax reductions, that private businesses will also raise wages, allowing all our people to enjoy the fruits of our economic growth. I know that everyone wants to pay lower taxes and rent. This year, we will continue to promote tax reductions. For example, unmarried individuals with an annual income of NT$446,000 or less can be exempt from paying income tax. Dual-income families with an annual income of NT$892,000 or less and dual-income families with two children aged six or younger with an annual income of NT$1,461,000 or less are also exempt from paying income tax. Additionally, the number of rent-subsidized housing units will also be increased, from 500,000 to 750,000 units, helping lighten the load for everyone. This year, the age eligibility for claiming Culture Points has been lowered from 16 to 13 years, so that now young people aged between 13 and 22 can receive government support for experiencing more in the arts. Also, our Taiwan Global Pathfinders Initiative is about to take effect, which will help more young people in Taiwan realize their dreams by taking part in education and exchange activities in many places around the world. We are also in the process of establishing a sports ministry to help young athletes achieve their dreams on the field, court, and beyond. The ministry will also be active in developing various sports industries and bringing sports and athletics more into the lives of the people, making our people healthier as a result. This year, as Taiwan becomes a “super-aged society,” we will launch our Long-term Care 3.0 Plan to provide better all-around care for our seniors. And we will expand the scope of cancer screening eligibility and services, all aimed at creating a Healthy Taiwan. In addition, Taiwan will officially begin collecting fees for its carbon fee system today. This brings us closer in line with global practices and helps us along the path to our goal of net-zero emissions by 2050. We will also continue on the path to achieving a Balanced Taiwan. Last month, the Executive Yuan launched the Trillion NT Dollar Investment National Development Plan and its six major regional flagship projects. Both of these initiatives will continue to expand the investment in our public infrastructure and the development of local specialty industries, narrowing urban-rural and wealth gaps so that all our people can live and work in peace and happiness. My fellow citizens, today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. This tells us that national development is moving in the right direction. In this new year, Taiwan must be united, and we must continue on the right course. We hope that everyone in the central and local governments, regardless of party, can work hard together to ensure that national policies are successfully implemented, with the people’s well-being as our top priority. This will allow Taiwan sure footing as it strides forward toward ever greater achievements. In this new year, we have many more brilliant stories of Taiwan to share with the world, inspiring all Taiwanese, both here and around the world, to cheer time and again for the glory of Taiwan. Taiwan will keep going strong. And we will keep walking tall as we enter the new global landscape. Thank you.

    Details
    2025-01-01
    President Lai delivers 2024 National Day Address
    President Lai Ching-te on the morning of October 10 attended the ROC’s 113th Double Tenth National Day Celebration in the plaza fronting the Presidential Office Building, and delivered an address titled “Taiwan Together for Our Shared Dream.” A translation of the president’s address follows: National Day Celebration Chairperson Han Kuo-yu (韓國瑜), Vice President Bi-khim Hsiao, Premier Cho Jung-tai (卓榮泰), Prime Minister of Tuvalu Feleti Teo and Madame Tausaga Teo, heads of delegations from diplomatic allies and friendly nations, distinguished guests from home and abroad, and my fellow citizens here in person and watching on TV or online: Good morning. Today, we gather together to celebrate the birthday of the Republic of China, praise the beautiful Taiwan of today, and usher in the better Taiwan for tomorrow. One hundred and thirteen years ago, a group of people full of ideals and aspirations rose in revolt and overthrew the imperial regime. Their dream was to establish a democratic republic of the people, to be governed by the people and for the people. Their ideal was to create a nation of freedom, equality, and benevolence. However, the dream of democracy was engulfed in the raging flames of war. The ideal of freedom had for long eroded under authoritarian rule. But we will never forget the Battle of Guningtou 75 years ago, or the August 23 Artillery Battle 66 years ago. Though we arrived on this land at different times and belonged to different communities, we defended Taiwan, Penghu, Kinmen, and Matsu. We defended the Republic of China. We will never forget the Kaohsiung Incident 45 years ago, or wave after wave of democracy movements. Again and again, people who carried the dream of democracy and the ideal of freedom, through valiant sacrifice and devotion, gave their lives to open the door to democracy. Over more than a century, the people’s desire to master their own destiny has finally been fulfilled. My fellow citizens, though the Republic of China was driven out of the international community, the people of Taiwan have never exiled themselves. On this land, the people of Taiwan toil and labor, but when our friends face natural disasters or an unprecedented pandemic, we do not hesitate to extend a helping hand. “Taiwan Can Help” is not just a slogan. It is a movement by the people of Taiwan to cherish peace and do good for others. In the past, our people, going out into the world equipped with only a briefcase, sparked Taiwan’s economic achievements. Now, Taiwan’s chip technology drives the whole world, and has become a global force for prosperity and development. The people of Taiwan are diverse, and they are fearless. Our own Nymphia Wind is a queen on the world stage. The people of Taiwan are truly courageous. Lin Yu-ting (林郁婷), a daughter of Taiwan, is a queen of the boxing world. At 17 years old, Taiwan’s own Tsai Yun-rong (蔡昀融) put steady hands to work and won first place for woodwork in a global skills competition. Chen Sz-yuan (陳思源), at 20, took first for refrigeration and air conditioning, using the skills passed down by his father. A new generation of “Made in Taiwan” youth is putting a new shine on an old label. I want to thank generation after generation of fellow citizens for coming together and staying together through thick and thin. The Republic of China has already put down roots in Taiwan, Penghu, Kinmen, and Matsu. And the Republic of China and the People’s Republic of China are not subordinate to each other. On this land, democracy and freedom are growing and thriving. The People’s Republic of China has no right to represent Taiwan. The 23 million people of Taiwan, now more than ever, must reach out our branches to embrace the future. My fellow citizens, we have overcome challenge after challenge. All along, the Republic of China has shown steadfast resolve; and all along, the people of Taiwan have shown unwavering tenacity. We fully understand that our views are not all the same, but we have always been willing to accept one another. We fully understand that we have differences in opinion, but we have always been willing to keep moving forward hand in hand. This is how the Republic of China Taiwan became what it is today. As president, my mission is to ensure that our nation endures and progresses, and to unite the 23 million people of Taiwan. I will also uphold the commitment to resist annexation or encroachment upon our sovereignty. It is also my mission to safeguard the lives and property of the public, firmly carry out our Four Pillars of Peace action plan, strengthen national defense, stand side by side with democratic countries, jointly demonstrate the strength of deterrence, and ensure peace through strength, so that all generations can lead good lives. All the more, my mission is to care for the lives and livelihoods of the 23 million people of Taiwan, actively develop our economy, and expand investment in social care. I must also ensure that the fruits of our economic growth can be enjoyed by all our people. However, Taiwan faces relentless challenges, and the world’s challenges are just as much our own. The world must achieve sustainable development as we grapple with global climate change. Sudden outbreaks of infectious diseases impact human lives and health around the globe. And expanding authoritarianism is posing a host of challenges to the rules-based international order, threatening our hard-won free and democratic way of life. For these reasons, I have established three committees at the Presidential Office: the National Climate Change Committee, the Healthy Taiwan Promotion Committee, and the Whole-of-Society Defense Resilience Committee. These committees are interrelated, and they are closely connected by the theme of national resilience. We intend to build up a more resilient Taiwan, proactively deal with challenges, and bring Taiwan into deeper cooperation with the international community. We must strengthen Taiwan’s ability to adapt to the risks associated with extreme weather, continue promoting our second energy transition, and ensure a stable power supply. We must steadily advance toward our goal of net-zero transition by 2050 through the development of more forms of green energy, deep energy saving, and advanced energy storage. In terms of health, we must effectively fight the spread of global infectious diseases, and raise the population’s average life expectancy while reducing time spent living with illness or disability. We must achieve health equality so that people are healthy, the nation is stronger, and so that the world embraces Taiwan. Finally, we must strengthen resilience throughout Taiwan in national defense, economic livelihoods, disaster prevention, and democracy. As the people of Taiwan become more united, our nation grows more stable. As our society becomes better prepared, our nation grows more secure, and there is also greater peace and stability in the Taiwan Strait. Taiwan is resolved in our commitment to upholding peace and stability in the Taiwan Strait and achieving global security and prosperity. We are willing to work with China on addressing climate change, combatting infectious diseases, and maintaining regional security to pursue peace and mutual prosperity for the well-being of the people on the two sides of the Taiwan Strait. For a long time now, countries around the world have supported China, invested in China, and assisted China in joining the World Trade Organization, thereby promoting China’s economic development and enhancing its national strength. This was done out of the hope that China would join the rest of the world in making global contributions, that internally it would place importance on the livelihoods of the people, and that externally it would maintain peace. As we stand here today, international tensions are on the rise, and each day countless innocents are suffering injuries or losing their lives in conflict. We hope that China will live up to the expectations of the international community, that it will apply its influence and work with other countries toward ending Russia’s invasion of Ukraine and conflicts in the Middle East. And we hope that it will take up its international responsibilities and, along with Taiwan, contribute to the peace, security, and prosperity of the region and the globe. In an era when the international landscape is becoming increasingly chaotic, Taiwan will become more calm, more confident, and stronger; it will become a force for regional peace, stability, and prosperity. I believe that a stronger democratic Taiwan is not only the ideal of our 23 million people, but also the expectation of the international community. We will continue to make Taiwan stronger and promote cross-sector economic development. Taiwan’s economic strength is no “miracle”; it is the result of the joint efforts of all the people of Taiwan. We must strive for an innovative economy, a balanced Taiwan, and inclusive growth; we must stay on top of changes in global trends, and continue to remain a key player in supply chains for global democracies. Going forward, in addition to our 5+2 innovative industries plan and Six Core Strategic Industries policy, we will more vigorously develop Taiwan’s Five Trusted Industry Sectors, namely semiconductors, AI, military, security and surveillance, and next-generation communications, and help expand their global presence. We will also promote the transformation and development of medium, small, and micro enterprises and help them develop their international markets. My fellow citizens, we will continue working to achieve a Taiwan that is balanced across all its regions. In the central government’s proposed general budget plan for next year, general grants for local governments and general centrally funded tax revenues increased significantly, by NT$89.5 billion, reaching a total of NT$724.1 billion, a record high. And our budget for flood control will be raised by NT$15.9 billion from this year, bringing the total to NT$55.1 billion. This will help municipalities across the country in addressing the challenges of extreme weather.  We will also expedite improvements to the safety of our national road network and create a human-friendly transportation environment. Furthermore, we will improve our mass rapid transit network and connect the greater Taipei area comprising Taipei, New Taipei, Keelung, and Taoyuan. We will roll out the new Silicon Valley plan for Taoyuan, Hsinchu, and Miaoli to form a central technology cluster connecting the north with the south and launch the Smart Technology Southern Industrial Ecosystem Development Plan. We will accelerate promotion of safety in our eastern transportation network so that locals can go home on safer roads. We will also enhance basic infrastructure in the outlying island areas to raise the quality of life for locals and increase their capacity for tourism. My fellow citizens, we must all the more ensure the well-being of our people across the generations. To our young parents, we will continue to promote version 2.0 of our national childcare policy for ages 0–6. We are going even further by already increasing childcare subsidies, and we will also enhance the quality of preschool services. Children are the future of our country, and the government has the responsibility to help take care of them. To our young students, we will continue to provide free tuition for students of high schools and vocational high schools, and we will also continue to subsidize tuition for students of private junior colleges, colleges, and universities. And we are taking that a step further by establishing the Ten-Billion-Dollar Youth Overseas Dream Fund. Young people have dreams, and the government has the responsibility to help youth realize those dreams. To our young adults and those in the prime of life, next year, the minimum wage will once again be raised, and the number of rent-subsidized housing units will be increased. We will expand investment in society and provide more support across life, work, housing, and health, and support for the young and old. Raising a family is hard work, and the government has a responsibility to help lighten the load. To our senior citizens all around Taiwan, next year, Taiwan will become a “super-aged society.” In advance, we will launch our Long-term Care 3.0 Plan and gradually implement the 888 Program for the prevention and treatment of chronic diseases. We will also establish a NT$10 billion fund for new cancer drugs and advance the Healthy Taiwan Cultivation Plan. We will build a stronger social safety net and provide enhanced care for the disadvantaged. And we will bring mental health support to people of all ages, including the young and middle-aged, to truly achieve care for all people of all ages throughout the whole of our society. I am deeply aware that what everyone cares about the most is the pressure of high housing prices, and that what they most detest is rampant fraud. I give the people my promise that our administration will not shirk these issues; even if it offends certain groups, we will address them no matter the price. We will redouble our efforts to combat fraud and fight housing speculation. We will expand care for renters and strike a balance with the needs of people looking to change homes. We will walk together, continuing down the path toward achieving housing justice. We have with us today former President Chen Shui-bian, former President Tsai Ing-wen, and leaders from different political parties. I want to thank all of you for attending. Your presence represents the strength our nation has built up over generations, as well as the values and significance of Taiwan’s diverse democracy. Our nation must become more united, and our society must grow more stable. I also want to thank Legislative Yuan President Han and Premier Cho for recently initiating cooperation among the ruling and opposition parties to facilitate discussion among the ruling and opposition party caucuses. In democratic countries, political parties internally promote the nation’s progress through competition, and externally they unite to work toward achieving national interests. No matter our political party, no matter our political stances, national interests come before the interests of parties, and the interests of parties can never take precedence over the interests of the people. And this is precisely the spirit upheld by those who sacrificed, who gave everything they had, in order to establish the Republic of China. This is the lesson we take from our predecessors who, generation upon generation, overcame authoritarianism, and sacrificed and devoted themselves to the pursuit of democracy. That is precisely why, regardless of party affiliation or regardless of our differences, we are gathered here today. Regardless of what name we choose to call our nation – the Republic of China; Taiwan; or the Republic of China Taiwan – we must all share common convictions: Our determination to defend our national sovereignty remains unchanged. Our efforts to maintain the status quo of peace and stability in the Taiwan Strait remain unchanged. Our commitment to hoping for parity and dignity, and healthy and orderly dialogue and exchanges between the two sides of the strait remains unchanged. Our determination, from one generation to the next, to protect our free and democratic way of life remains unchanged. I believe this is the dream that Taiwan’s 23 million people all share; it is also the shared ideal that Taiwanese society and the international community hold. The stronger the commitment of the Taiwanese people, the greater the tenacity of democracy around the world. The greater the tenacity of the Taiwanese people, the stronger the commitment of democracy around the world. Let’s keep going, Republic of China! Let’s keep going, Taiwan! Regardless of our differences, let’s keep going forward! Thank you.

    Details
    2025-01-01
    President Lai’s remarks on legislative amendments
    On the morning of June 24, President Lai Ching-te delivered his remarks on recent legislative amendments. In remarks, President Lai emphasized opposition to an expansion of legislative power, not legislative reforms, and said that the legislature should naturally engage in reforms, but refrain from an excessive expansion of power, adding that any proposal for legislative reform should remain legal and constitutional. Particularly, the president said, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan, and more importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, the president stated that he will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. Emphasizing that the president’s role is as a guardian of democratic and constitutional governance, President Lai said that given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon him to perform his duties as president and take action. Today, he said, he has decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. Stating that this approach is responsible to our nation and to our history and actually reflects the expectations of the people, the president expressed his hope that all of our fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. A translation of President Lai’s remarks follows: One month ago, I was sworn in as president, taking an oath before the people to observe the Constitution and faithfully perform my duties. Therefore, following the legislature’s passing of amendments to the Law Governing the Legislative Yuan’s Power and to the Criminal Code, earlier this morning, I signed these amendments into law in accordance with the Constitution, and will promulgate the bills today. However, aside from the deliberative process over the amendments raising pronounced concerns from the public, the contents of the bills also risk compromising the constitutional principle of separation of powers, as well as that of checks and balances. A moment ago, Attorney Hong Wei-sheng (洪偉勝) explained our reasons for seeking to petition for a constitutional interpretation. I would like to share with our fellow citizens that it is the responsibility and mission of the president to safeguard our free and democratic constitutional system and protect the rights of the people. In a free and democratic constitutional system, core principles include separation of powers, checks and balances, and the protection of human rights. Separation of powers should be based on the Constitution, with the branches working independently while respecting one another. Regarding checks and balances, branches should function according to their institutional design to ensure constitutionally responsible government. Therefore, I must emphasize that we are opposing an expansion of legislative power, not legislative reforms. The legislature should naturally engage in reforms, but refrain from an excessive expansion of power. Any proposal for legislative reform should remain legal and constitutional. Particularly, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan. More importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, I will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. On the issue of the president giving an address on the state of the nation at the Legislative Yuan, there are already existing regulations in place in the Constitution and the Law Governing the Legislative Yuan’s Power. During legislative sessions, the legislature may invite the president to give a state of the nation address on national security and major policies. I have previously said that on the condition of legal and constitutional procedures, I am willing to deliver a state of the nation address at the Legislative Yuan. However, recent amendments passed by the legislature redefine the president’s address on the state of the nation as compulsory and require that the address be followed with an on-the-spot question and answer session, in an attempt to change the design of responsible government in the Constitution. This disrupts the institution of the Executive Yuan being responsible to the Legislative Yuan, leading to concerns about an overreaching expansion of the power originally bestowed to legislators by the Constitution. As president, I will not impose my personal opinions on the constitutional order; nor will I place my personal interests before national interests. As a physician, I deeply understand that any diagnosis should be made with care. When performing organ transplants, the physician must carefully evaluate and match various attributes, such as blood type, physical constitution, and other conditions. The same principles for treating illness hold true for governing a country. Institutional or legal transplants performed in the absence of careful evaluation or discussion could lead to negative outcomes for the nation’s constitutional governance and the protection of the people’s rights. We must address these issues seriously. Every law has far-reaching impact on our nation, our society, and the next generation. The president’s role is as a guardian of democratic and constitutional governance. Given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon me to perform my duties as president and take action. Today, I have decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. This approach is responsible to our nation and to our history and actually reflects the expectations of the people. The Constitution stands as the supreme legal basis of our nation, and the Constitutional Court is the highest judicial organ that works to maintain the constitutional order and protect the rights of citizens. As to the interpretation, ruling and opposition parties must respect and accept the results, no matter what they turn out to be. And we also hope that the public will be able to support the results. In the coming days, as this process of constitutional interpretation unfolds, there will be much discussion and debate among the public. I am confident that this will be a reaffirmation, by Taiwanese society, of our democratic and constitutional governance, and that it will make our democratic society even more mature. For democracy to be even more deeply entrenched, it needs defending, and it needs dialogue. And the historic moment to defend the constitutional structure of free democracy is now. I hope that all of my fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. Thank you. Also in attendance were Secretary-General to the President Pan Men-an (潘孟安), Deputy Secretary-General to the President Xavier Chang (張惇涵), and agent ad litem Attorney Hong.

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    2025-01-01
    President Lai holds press conference to mark first month in office
    On the morning of June 19, President Lai Ching-te held a press conference marking his first month in office titled “Building Trust through Policy Initiatives: A New Taiwan for an Era of Innovation” to announce the establishment of three committees at the Presidential Office: the National Climate Change Committee, Whole-of-Society Defense Resilience Committee, and Healthy Taiwan Promotion Committee. In remarks, President Lai noted that the goal of the committees is to develop national strategies, engage in dialogue with civil society, deepen cooperation with the international community, and take action for Taiwan’s future. President Lai said he believes that as we actively pursue the transition to net-zero emissions by 2050 and participate in global security cooperation, our people will be healthier and our nation stronger, emphasizing that as Taiwan embraces the world, the world also embraces Taiwan. He stated that we are determined and confident as we guide our nation toward a better future, making the Taiwan of the world an even better place that will continue to contribute to the global community. A translation of President Lai’s remarks follows: As I am about to reach a full month in office as president, I am here today to announce the establishment of three committees at the Presidential Office. The goal of these committees is to develop national strategies, engage in dialogue with civil society, deepen cooperation with the international community, and take action for Taiwan’s future. Taiwan occupies a strategic position on one of the world’s busiest shipping lanes; we play a crucial role on the frontline of the democratic world; our advanced supply chains hold the key to the next generation of technological development. The Taiwan of today is a Taiwan of the world. Anything that happens to Taiwan could send ripples through the entire globe. Therefore, Taiwan’s issues are international issues, and international issues are Taiwan’s issues. Today, climate change, social resilience, and the promotion of health are three major issues that receive international attention; they also create the largest impact on our citizens. In response to these challenges, as well as for further cooperation with other countries, I have decided to establish three committees at the Presidential Office, with myself as the convenor. These committees aim to consolidate forces from government and civil society, to provide effective solutions for our country and for the world. First of all, the impact of climate change and extreme weather events is definitely the largest challenge that humanity faces. In 2022, an annual report from the United Nations pointed out that without proactive measures, average surface temperatures could rise by 2.8 degrees Celsius before the end of the century. And in 2023, we already witnessed the hottest summer in recorded history. The UN has warned that the issue is not only global warming, but that we have rather already entered an era of global boiling. The World Meteorological Organization has also recorded that Asia is a region heavily struck by climate-related disasters. We must face the pressing problems of climate breakdown, and the nations of the world must work together. In response to global climate change, we must address these issues faster, stronger, and more proactively.  Whether it is neighboring Japan or Korea, or other advanced democracies such as the United States, many countries have established agencies to address climate change at the level of the president or prime minister, with the goal of adopting proactive measures. Therefore, I will establish a National Climate Change Committee, with Executive Yuan Vice President Cheng Li-chiun (鄭麗君), Academia Sinica President James C. Liao (廖俊智), and Pegatron Corporation Chairman Tung Tzu-hsien (童子賢) as deputy convenors. The committee will promote climate governance from a national perspective and further transnational cooperation. Taiwan must not only continue to promote energy transition, but also put into practice the twin green and digital transition, as well as a just transition. We aim to realize a net-zero pathway, build a sustainable green lifestyle and green finance, and enhance environmental resilience to foster a sustainable homeland. I must also emphasize that transition to net-zero emissions by 2050 is no longer just an idealistic proposal, but an inevitable future. This path is extremely challenging, so we must face reality and rally the entire nation to strive together. We need a more comprehensive strategy to guide businesses and the public, implementing changes in energy, industry, finance, and daily life. Secondly, in the face of severe disasters caused by earthquakes and climate change, Taiwan must accelerate its efforts to strengthen the resilience of our entire society. The world is watching how Taiwan can demonstrate strong resilience in defending itself and deter the ambitions that seek to disrupt regional peace and stability. Only when our entire society possesses a strong will for self-defense and an unwavering confidence in ourselves can Taiwan effectively respond to various disasters and risks and grow stronger. Just days ago, the G7 leaders issued a communiqué, reaffirming that “maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity.” This means that as the resilience of Taiwanese society is strengthened, Taiwan’s security is enhanced; and as Taiwan’s security is strengthened, we also enhance global security and prosperity. Therefore, I will establish the Whole-of-Society Defense Resilience Committee, with Vice President Bi-khim Hsiao, Secretary-General to the President Pan Men-an (潘孟安), and National Security Council (NSC) Secretary-General Joseph Wu (吳釗燮) serving as deputy conveners. By thinking ahead and being prepared, we aim to make Taiwan stronger and instill greater confidence in our people. In times of national emergency or natural disaster, both the government and society will be able to maintain normal operations. We need to expand the training and utilization of civilian forces, enhance material preparation and critical supply distribution systems, and strengthen energy and critical infrastructure security. We must improve social welfare and medical networks, as well as evacuation facilities, ensuring the safety of information, transportation, and financial networks. We need to conduct a comprehensive review and propose solutions to problems, strengthening our resilience in national defense, economic livelihoods, disaster prevention, and democracy. Our goal is to build a stronger and more robust democratic society where we not only safeguard national security, but also maintain regional peace and stability. Finally, I will establish the Healthy Taiwan Promotion Committee to address the challenges of the post-pandemic era. In recent years, major challenges threatening our citizens include antibiotic-resistant superbugs, transnational diseases of unknown origin, and cancer, which is the leading cause of death among the Taiwanese population. Our vision for creating a Healthy Taiwan is to enable people to live long and healthy lives. Dr. Chen Jyh-hong (陳志鴻), convener of the Healthy Taiwan Promotion Alliance, President Wong Chi-huey (翁啟惠) of the Institute for Biotechnology and Medicine Industry, and Minister without Portfolio Chen Shih-chung (陳時中) of the Executive Yuan will serve as deputy conveners for the Healthy Taiwan Promotion Committee. We aim to advance the Healthy Taiwan Cultivation Plan through a health charter. We will improve the employment environment to attract and retain talent. We will optimize the National Health Insurance system for sustainable operation. We are committed to promoting holistic healthcare models and accelerating the application of smart healthcare technologies. Furthermore, we will establish a NT$10 billion fund for new cancer drugs, fully advancing our national plan for cancer prevention and treatment. I have never forgotten my mission as a doctor. I hope to gradually build a Taiwan where the number of years that people live with illness or disability is reduced, and that spent in health is increased. In the future, we must take action to promote healthy living for all, enhance lifelong care, and align Taiwan with sustainable health development around the globe. We must also look toward international cooperation to foster global solidarity in the post-pandemic era. These three committees not only signify unity and collaboration within the current administration and across ministries, but also embody a spirit of interdepartmental, cross-disciplinary, and public-private sector cooperation. These three committees will convene quarterly meetings. We will establish efficient communication platforms to foster social consensus and actively translate our goals into action. By harnessing the strengths of industry, government, academia, research institutions, and civil society sectors, we can effectively address global issues, making Taiwan’s strategies a global solution. In today’s interconnected world, every step Taiwan takes forward is a step forward for the world. Taiwan has capability, technology, and experience to share with the global community. According to last year’s rankings from the Economist Intelligence Unit and this year’s report from the Centre for Asian Philanthropy and Society, Taiwan is recognized as the most democratic and charitable country in Asia. Our achievements in democracy and our actions as a force for good have received international recognition. I believe that as we actively pursue the transition to net-zero emissions by 2050 and participate in global security cooperation, our people will be healthier and our nation stronger. As Taiwan embraces the world, the world also embraces Taiwan. I also want to emphasize that addressing these global issues and challenges requires significant effort and long-term investment of resources to yield results. If we do not start taking action today, we will fall behind tomorrow. So, the time for action is now. Today, the government shoulders its responsibility and leads by example. We are determined and confident as we guide our nation toward a better future, making the Taiwan of the world an even better place that will continue to contribute to the global community. Thank you. Also in attendance were Vice President Hsiao, Secretary-General Pan, NSC Secretary-General Wu, and Deputy Secretary-General to the President Xavier Chang (張惇涵).

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    2025-01-01
    President Lai interviewed by Time magazine
    In a recent interview with Time magazine, President Lai Ching-te responded to questions regarding diplomacy, cross-strait relations, the semiconductor industry, and Taiwan’s domestic economic development. Following is the text of the questions and the president’s responses: Q: Thank you so much for sparing us the time today and congratulations on your election victory. How are you settling into the new job? I know you’ve just moved one level down from where you were previously, but I hope that your access to bubble tea has not been adversely impacted by the new job. President Lai: My interest in bubble tea has not changed. The transition into my new job has also been steady, having just moved from the fourth to the third floor. I had previously served as a legislator, premier, and was vice president for four years, so I have a clear understanding about national policies and the direction of former President Tsai Ing-wen’s past governance. So far, it has been very smooth. Thank you. Q: Obviously you’ve had four months now since your election victory to prepare for this role. How have you spent that time and what advice has [former] President Tsai given you about taking the most important job in Taiwan? President Lai: Over the past four months, the most important task was the transition process with former President Tsai. This included foreign affairs, national defense, cross-strait affairs, and key domestic issues. Some of this took place in meetings at the Presidential Office and some at military facilities and different government agencies. I also worked to assemble a cabinet, inviting Cho Jung-tai (卓榮泰) to be premier. Cheng Li-chiun (鄭麗君) was invited to serve as vice premier, and former National Development Council Minister Kung Ming-hsin (龔明鑫) as secretary-general of the Executive Yuan. Premier Cho has invited people based on talent across political affiliations to form the cabinet. So far, the public response has been positive. As for advice and encouragement from former President Tsai, she emphasized to me that the president’s job is to safeguard the country and uphold the constitutional system of freedom and democracy. Second, we must listen to public opinion and take care of the people. Third, faced with difficult challenges, we should collectively discuss a course of action forward. This way there will be less headwind. Q: Speaking of headwinds, it was just 48 hours after your election victory that Beijing announced that one of Taiwan’s diplomatic allies, Nauru, was now going to switch recognition to Beijing. This seems to be quite a clear signal to you before you’d even stepped into office or made any policy decisions or anything. How concerned are you by Taiwan’s dwindling recognition on the world stage? President Lai: We cooperate with our diplomatic allies in a sincere way, holding to the principles of mutual benefit and reciprocity. We cherish our friendships with our diplomatic allies and thank them for voicing support for Taiwan in the international community, as well as creating greater international space for us. We also greatly value the cooperation projects we have with our diplomatic allies because these help the people of both countries. Taiwan has always held firm to these principles, regardless of which political party is in power. In the case that our diplomatic allies decide to switch allegiances to the People’s Republic of China (PRC), while we wish them well, such harmful actions by the PRC will not affect Taiwan’s status as a beacon of freedom and a bastion of democracy in the world. So, [on this issue of recognition], we are not deeply worried. Q: You chose and invited Bi-khim Hsiao to be your vice president and she left Washington, DC, where she was serving as your de facto ambassador to the US. Does that signify that US-Taiwan relations are going to take on newfound importance for your administration? President Lai: During Vice President Hsiao’s term as ambassador to the United States, she performed exceedingly well. Taiwanese society has recognized her as amongst the very best within our ambassadors to the US. The international community, including the US, has also recognized her outstanding performance. Now as vice president, she can support the new administration in furthering trusted channels with the US, which will help advance our bilateral cooperation. With Bi-khim’s support, we will engage in more substantive cooperation on national security and defense, the economy, and other substantive exchanges. I trust that we will make much progress, as Bi-khim has been instrumental in bridging Taiwan together with the US. Q: In your inauguration speech, you called for resumption of cross-strait dialogue, trade, and educational exchanges but caveated that on dignity and equivalence. What exactly do you mean by dignity and equivalence with the PRC? President Lai: First, the PRC should recognize that the Republic of China (ROC) exists. They should be sincere in building exchanges and cooperation with the popularly elected and legitimate government of Taiwan. Second, each issue should be mutually beneficial and reciprocal. For example, if Taiwan allows tourists to go to China, they should allow tourists to visit Taiwan. And if we let our students go to China, their students should be allowed to come here. Third, as we conduct exchanges and cooperate with each other, we should share a common conviction to enhance the well-being of people on the two sides of the Taiwan Strait, working toward an objective of peace and mutual prosperity. Q: Also, in your speech, you said that the ROC and the PRC are not subservient to each other. That obviously provoked a reaction from Beijing. We saw the military drills but also some of your political opponents here have said that this undermines the strategic ambiguity which has been the bedrock of peace and stability. How do you counter that? Do you think that you were unnecessarily provocative in hindsight? President Lai: What I said was the truth. Moreover, I was not the first person to express this truth. My intention was not to provoke. During her 2021 National Day Address, former President Tsai said as part of her Four Commitments that the ROC and PRC should not be subordinate to each other. Former President Ma Ying-jeou had also once said the ROC is a sovereign and independent state and that neither side of the strait is subordinate to the other. Third, I stated this in accordance with Articles 2 and 3 of the ROC Constitution, given that in Taiwan we have had our own citizens, land, sovereignty, and government for decades. According to international law, we are already a sovereign and independent country. My goal is to bring the people of Taiwan together. Q: In April, US Secretary of State Antony Blinken traveled to Beijing and met with Xi Jinping. From diplomatic sources, he became quite animated when discussing the status of Taiwan and US support for Taiwan. Do you worry that President Xi is becoming emboldened and impatient about resolving the so-called Taiwan issue? President Lai: Peace and stability across the Taiwan Strait are indispensable elements of global peace and prosperity. In my inaugural address, I told the international community that I would uphold former President Tsai’s Four Commitments. We will neither yield nor provoke. We will maintain the status quo and fulfill our responsibilities. I also urge President Xi to understand that conflict in the Taiwan Strait and disruptions to peace and stability in the Indo-Pacific region will not be accepted by the international community. I invite President Xi to jointly shoulder with us the responsibility of maintaining peace and stability, building regional prosperity, and advancing world peace. Q: Since we last spoke, China’s economic problems continue to mount. Do you feel that this makes Taiwan more vulnerable, or is this an opportunity for further engagement for mutual benefit? President Lai: I have always believed that a stable China leads to a safer Taiwan. A prosperous Taiwan can also bring about progress in China. Therefore, I do not wish to see growing difficulties in China’s economy or its society become more unstable. Indeed, economic relations between Taiwan and China are the result of divisions of labor within global supply chains. In the past, China was the world’s factory as well as the world’s market. Many countries, including Taiwan, invested in manufacturing in China and sold products manufactured at home via China to the entire world. But today things have changed because China’s business environment has worsened. China has placed ever stricter controls on the free market. They have adopted a policy of placing state-owned businesses first, at the expense of the private sector. China’s intellectual property rights protection has also long fallen short of international expectations. In addition, China’s military expansionism in the East and South China Seas has impacted regional peace and stability. This is why capital investment from Taiwan and other countries is no longer heading to China at the pace it was in the past. Taiwanese companies have pulled out of China’s manufacturing sector en masse, favoring countries in the Indo-Pacific – including Japan – the US, and Europe. In 2010, investments in China accounted for 83.8 percent of Taiwan’s total foreign investment, meaning that for every NT$100, NT$83.8 was invested in China. During the same period of time, over half of Taiwan’s foreign trade was dependent on China. Parts and equipment produced in Taiwan were sent to China for assembly or used in the production of other goods, and then the finished products were sold internationally. Last year, investment in China accounted for only 11.4 percent of Taiwan’s total foreign investment, dropping from 83.8 percent. Taiwan’s foreign trade with China also fell from its previous high of over 50 percent, totaling 35.5 percent in 2023. Despite this, Taiwan’s economic growth rate has averaged 3.15 percent over the past eight years – ranking first among the Four Asian Tigers. During former President Tsai’s eight-year term, the stock market grew by 155.5 percent and its value increased 1.8-fold. When former President Tsai first assumed office, the stock market was a little over 8,000 points; it has now surpassed 20,000 points. In other words, even as China’s economy has continued to decline, Taiwan’s economy has continued to grow and has not been affected by China. Taiwan’s new government is willing to assist China and advance peace and prosperity across the Taiwan Strait. Q: Obviously Taiwan is central to global supply chains when it comes to semiconductors, producing 90 percent of the most advanced chips, but US export restrictions are preventing those chips from going to China. You mentioned that Taiwanese investment in China is plummeting. At the same time, Taiwan companies like TSMC are benefiting from billions of dollars from the US Chips Act. Do you fear that key players in Taiwan’s business industrial base moving closer to the US and being kept apart from China is increasing the risk of conflict? President Lai: In this era of smart technologies, semiconductors have become crucial industrial products. In the future, if all aspects of life – including food, clothing, housing, and transportation – are to be technologically advanced and intelligent, semiconductors will be indispensable. The industry runs on a global division of labor. From research and development, design, manufacturing, raw materials, and equipment, it is a worldwide industrial chain. Taiwan is involved in integrated circuit design, wafer manufacturing, and end-of-line packaging and testing, but raw materials are distributed across other countries. For example, components, equipment, and technology are sourced from the US, Japan, and the Netherlands. As we can see, this is an industry with a global division of labor. Although Taiwan has an advantage in the semiconductor industry, Taiwan also has a responsibility to promote global prosperity and development. Consequently, if semiconductor companies, including Taiwan Semiconductor Manufacturing Company (TSMC), decide to expand in the US, Japan, Europe, or other countries consistent with their own business interests, the government will respect their decisions. Geopolitical changes will continue to impact the distribution of semiconductor companies. Given that the restructuring of global supply chains is not specific to any single country, I do not believe that this will increase the risk of conflict. Q: Your only trip to China was in 2014 when you were serving as mayor of Tainan. I understand that you had some quite open and frank discussions with students in Shanghai about Taiwanese aspirations for independence. What did you learn from that interaction? President Lai: In 2014, I visited Shanghai because the Tainan City government organized a traveling art exhibition to commemorate the 120th anniversary of Chen Cheng-po’s (陳澄波) birth. During my interactions with the Shanghai municipal government and Fudan University, I made it clear that the two sides of the Taiwan Strait should seek common ground and set aside differences. Through exchanges and cooperation, we should promote mutual understanding, empathy, reconciliation, and peaceful development. Q: You won the election with over 40 percent of the vote, but the DPP lost control of the legislature, and so you need to work across the aisle with opposition parties to get your domestic agenda across. It’s not been a very harmonious time in the Legislative Yuan at the moment. We’ve seen brawls and a lot of sniping over the new bill to increase scrutiny of the executive branch. How confident are you that you can overcome these differences to have a constructive relationship with the opposition parties? President Lai: I remain fully confident about the future development of Taiwan. This is because of our democracy. After decades of collective effort, as well as the numerous sacrifices and contributions of many people, the vitality and values of democracy are deeply imbued within the Taiwanese people. These democratic values are an important foundation as I promote future national policy priorities. In my inaugural address, I mentioned that a divided legislature is the will of the people. This provides an opportunity for each party to share their ideas and jointly bear the responsibility of serving the nation. At the same time, if any one party does not live up to public expectations, I trust that people will respond accordingly so that the country can still move forward. In my address, I also pointed out that Taiwan will continue to move in the direction of democracy, peace, and prosperity, linking us with the international community. I will pursue policies that further entrench Taiwan’s democracy, maintain regional peace, and allow Taiwan to engage with the international community to enhance global prosperity and development. This roadmap will benefit both our country and its people. I do not think opposition parties will strongly oppose bills related to this roadmap. Q: Some of your DPP colleagues have pointed out that 17 KMT lawmakers went to China recently and met with Wang Huning, and they have openly accused the KMT of being a fifth column for the CCP in trying to disrupt your administration. Is that an opinion that you share? President Lai: In a democratic society, the interests of the people should take precedent; this is the principle of democracy at work. As a result, political parties should put national interests above their own – that is their sacred duty . As Taiwan faces different forms of pressure from China, everybody, regardless of party affiliation, should put the people first and prioritize national interests. They should not let themselves be influenced by any authoritarian country. Q: The CCP has refused to engage with your administration or the DPP. Is it beneficial for the KMT to have trips to China and engagements with China, whether it’s Ma Ying-jeou on an unofficial basis or KMT lawmakers? President Lai: The people of Taiwan and all political parties – regardless of affiliation – should recognize and respond to the fact that China’s ambition to annex Taiwan is part of their national policy. Only by coming together domestically and strengthening our global linkages can we maintain our sovereignty, freedom, and democratic way of life. By doing so, we will have the capacity and opportunity to determine our own future. No political party should sacrifice national sovereignty for political gain. Q: Following the devastating Hualien earthquake just a month ago, China offered to send aid to Taiwan but was rebuffed. You hadn’t taken office at that point. But do you feel that was the right decision? Do you think it could have been an opportunity to mend bridges across the strait? President Lai: Taiwan very much cherishes the expressions of concern and support we received from the global community. International assistance creates a positive feedback loop that helps us come together in times of need. This helps support global development and stability. With this being said, at the time, China had offered 100 prefabricated homes, which was not what the people affected by the Hualien earthquake required. When central Taiwan was struck by a major earthquake on September 21, 1999, the government had provided such homes to alleviate housing shortages at the time. However, over the past 20 or 30 years, Taiwan has accumulated greater experience and capacity for search and rescue and post-disaster reconstruction. We have moved past the period of requiring prefabricated housing. Today, if a home is made unsafe by an earthquake, a red notice will be attached to the structure. We will consequently provide financial support for both the property and its reconstruction. If people need to live in a hotel or guesthouse, stay with a relative, or rent a place to stay, these costs will also be subsidized until the home has been rebuilt. Therefore, we did not require prefabricated homes. People living in hotels or guesthouses also supported the tourism industry, which was affected by a large drop in visitors following the earthquake. Q: Some in the opposition want to restart negotiations for the cross-strait service trade agreement for close economic integration with China. Why do you oppose such a move?  President Lai: In short, the time for this has long passed. As I said, many Taiwanese businesses have left China. Looking ahead, we can see substantive differences opening up between Taiwan’s economy and China’s present economic structure. If the cross-strait service trade agreement were passed, Chinese business owners could come to Taiwan and set up shop with as little as NT$6 million dollars. And it is not just a matter of the owners – they could also bring employees over. This would greatly affect Taiwan’s local economy. Q: Beijing is aggressively courting the Global South to back its claim over Taiwan with 28 nations, according to recent reporting, firmly supporting China’s push for reunification. How important is it to win the argument over Taiwan’s right for autonomy amongst the international community, especially those of the Global South? President Lai: I hope that all countries will respect the choice of Taiwan’s people. The will of the people should not be subject to decisions made by a majority or show of hands [in international fora]. Neither should our people be threatened by violence or the threat of war. China is presently engaged in lawfare, which is affecting support for Taiwan internationally. While Taiwan will do its best to speak up for our own rights and interests, I hope that the international community will also continue to assist, understand, and support Taiwan. This is because if China’s attempts at lawfare were to succeed, this would affect Taiwan’s global backing, be it in times of peace or war. Q: Domestically in Taiwan, a lot of Taiwan people are struggling with a growing but slow economy, rising prices, and stagnated wages. What is your plan to try to help the average Taiwanese person? President Lai: I have been deeply focused on supporting the salaries and lives of our grassroots workers. I also prioritize reducing the gap between the rich and poor, as well as efforts to give our young people a brighter future. I will faithfully implement the Minimum Wage Act that was passed under former President Tsai. With this act, minimum wage increases will be based on how the GDP or prices increase. More importantly, we must help our industries upgrade and our economy transform. In my inaugural address, I said that economic development will take a threefold approach. First, we will have a clear view for a smart, sustainable future. In other words, we must use technology to address climate change and respond to the global era of smart technologies. We will have an innovative economy and create a new Taiwan that is both smart and sustainable. Second, we will expand the space industry, exploring the future by developing medium- and low-orbit communications satellites and drones. We will also use our strengths as a maritime nation to explore the ocean, helping related industries grow and develop in many directions. Third, we will help our enterprises expand their presence and markets internationally. We will improve Taiwan’s investment environment and take care of our small- and medium-sized enterprises while helping our industries in their global reach. This will grow Taiwan’s economy, leading to development and creating an environment conducive to higher wages. During my election campaign, I put forward a National Project of Hope. With this, we will invest more in our society, take better care of both young and elderly people, as well as all those who need care. We will close the wealth gap, while supporting the people’s welfare and the future of our young people. Q: President Lai, thank you. You’ve been very generous with your time. But just to end off, we spoke before how you grew up in Wanli in a poor family and your father died when you were very young. You worked very hard to become a doctor and your mother wasn’t very keen about you taking a diversion route into politics. Now you’ve reached the very top of the political ladder in Taiwan, do you think that your mother would be proud, that she would have forgiven you for defying her? President Lai: My mother was just an ordinary person and, like many mothers in Taiwan’s society at that time, worked hard, took care of her family, and hoped that her children would grow up safe and sound. What probably mattered most to my mother was that I was safe and healthy. It did not matter to her whether I became a politician or not, just as I had no expectation that one day I would sit here in the Presidential Office. In fact, when I was little, I hoped to become a doctor so as to take care of the sick, relieve suffering, and save lives. But during the process of Taiwan’s democratization, many young people devoted themselves to politics, including myself. I had no idea that I would continue down this path, much less be here today. My mother told me that if people support me, then I should run for election; if not, then I should continue as a doctor. In other words, my mother felt that I probably would not pursue politics for very long. We were from the countryside and did not come from a political family. However, I attribute my success to Taiwan’s democratization. If it were not for the sacrifices, contributions, and achievements of countless individuals up until now, I could not have been afforded the opportunity to sit here. My responsibility is to further deepen Taiwan’s democracy and enable hardworking people from all walks of life to realize their ideals and contribute to our country.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Security: IAEA Mission Recognizes Thailand’s Commitment to Improve Nuclear and Radiation Safety

    Source: International Atomic Energy Agency – IAEA

    Members of the IRRS team visited and observed regulatory inspection activities at Thailand’s TRR-1/M1 research reactor in Bangkok. (Photo: Office of Atoms for Peace, Thailand)

    An International Atomic Energy Agency (IAEA) team of experts said Thailand is committed to strengthening its national regulatory framework for safety. The team also identified some areas for further enhancements and encouraged the country to establish a national policy and strategy for safety, following a systematic and incremental approach to continuously improve the regulatory infrastructure.

    The Integrated Regulatory Review Service (IRRS) mission, which concluded on 14 February, was conducted at the request of the Government of Thailand and hosted by the Office of Atoms for Peace (OAP). It was the first IRRS mission conducted in the country. Last year, the IAEA completed an International Nuclear Security Advisory Service, Integrated Nuclear Infrastructure Review for Research Reactors and Occupational Radiation Protection Appraisal Service.

    Thailand does not have any nuclear power plants but uses radiation sources in medical, scientific and industrial applications. Thailand’s TRR-1/M1 research reactor has been in operation since 1977. The TRIGA Mark III reactor produces isotopes such as samarium-153, which is used in nuclear medicine, and functions as a neutron imaging facility in addition to serving as a key training centre. The Southeast Asian country is preparing to build on this experience and aims to construct two new research reactors.

    The 12-day IRRS mission covered the legal framework for safety, regulatory processes, emergency preparedness and response, and the interfaces with nuclear security. IRRS missions are designed to strengthen the effectiveness of the national nuclear and radiation safety regulatory infrastructure, based on IAEA safety standards and international good practices, while recognizing the responsibility of each country to ensure nuclear and radiation safety.

    The IRRS team – comprised of 15 regulatory experts from 14 countries, as well as three IAEA staff members – conducted interviews and discussions with OAP staff and representatives from the Department of Medical Science of the Ministry of Public Health. Members of the IRRS team also visited and observed regulatory inspection activities at the Thai Nampthip industrial facility, Bhumibol Hospital and two facilities at the Thailand Institute of Nuclear Technology (TINT) – a radioactive waste management facility and the TRR-1/M1 research reactor.

    “The team was very satisfied with the openness and the spirit of collaboration of the staff of the participating organizations,” said Joao Oliveira Martins, IRRS team leader and Director for Emergencies and Radiation Protection at Portugal’s Environmental Protection Agency. “The team has observed a strong commitment to nuclear and radiation safety, and there are also opportunities to further strengthen the regulatory framework, for example, in relation to medical exposure. I am confident that the mission’s recommendations will support the national authorities and will contribute to the continuous improvement efforts.”

    The IRRS team observed that OAP should develop and keep updated a comprehensive human resource plan and should continue enhancing its management system by establishing processes needed for organizational management and to integrate the performance of all regulatory functions.

    The team identified areas of good performances, including:

    • The comprehensive and high-level governmental composition of the Nuclear Energy for Peace Commission, a government entity including expert level subcommittees, which provides a robust foundation for building and sustaining the framework for safety;
    • OAP’s public and informational activities with regard to safety for consumer products, such as the production of artificially coloured gemstones;
    • The extensive efforts of OAP to develop capacities to perform independent review and assessment of the applications for authorization of the two research reactors at different stages of design and construction; and
    • OAP’s efforts to establish a work environment that fosters an organizational safety culture that supports and encourages trust, collaboration and engagement among staff.

    The team also provided recommendations and suggestions to help Thailand enhance its regulatory framework, including for the Government to:

    • Adopt a national policy and strategy for nuclear and radiation safety;
    • Strengthen the legal and regulatory framework for the regulation of medical exposure; and
    • Review or establish additional regulations to fill existing gaps in the regulatory framework.  

    “The recommendations and suggestions will be analysed carefully, and we will do our best to implement them and to achieve appropriate improvement in our national regulatory framework, infrastructure and activities for compliance with the IAEA’s standards and requirements,” said Pennapa Kanchana, OAP Deputy Secretary General.

    “Thailand’s commitment to safety is well demonstrated by the proactive approach of the national authorities to enrich their competence for safety, drawing lessons from the experiences of experts from other countries through IAEA peer review and advisory services,” said Hildegarde Vandenhove, Director of the IAEA Division on Radiation, Transport and Waste Safety.

    The IRRS team’s final report will be provided to the Government of Thailand in about three months.

    IAEA Safety Standards

    The IAEA Safety Standards provide a robust framework of fundamental principles, requirements and guidance to ensure safety. They reflect an international consensus and serve as a global reference for protecting people and the environment from the harmful effects of ionizing radiation.

    MIL Security OSI

  • MIL-OSI Economics: Samsung Launches Bespoke AI Refrigerator Series with AI Features Redefining Smart Cooling

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today launched its latest Bespoke AI Refrigerator series in the 330L & 350L capacity range. This new range combines advanced AI-driven features like AI Energy Mode, AI Home Care and Smart Forward with elegant designs and versatile storage options. Aimed at addressing the unique needs of Indian consumers, the series offers a harmonious blend of functionality, style, and innovation.
    The new Bespoke AI Refrigerators provide smart energy management, improved freshness retention, and active fresh filter, which eliminates upto 99.9% of harmful bacteria, all of which is wrapped in a sleek and customizable exterior. With its durable and energy-efficient Digital Inverter Compressor, backed by a 20-year warranty, the series is poised to redefine modern refrigeration in India.
    “Our Bespoke AI Refrigerator series offer consumers a perfect balance of technology, design, and convenience. From AI-driven energy optimization to innovative cooling and hygiene solutions, this series caters to the evolving lifestyles of Indian families. With stylish finishes and advanced features like Smart Forward, AI Home care, Twin Cooling Plus and Convertible 5-in-1 Modes, we aim to empower our customers with appliances that redefine everyday living,” said Ghufran Alam ,Senior Director, Digital Appliances, Samsung India.
     

    Design, Capacity, Price, and Availability
    Available in Real Stainless, Luxe Black, Elegant Inox, and Black Matt, these refrigerators are designed to seamlessly integrate with contemporary home interiors in capacities of 330L and 350L. This caters to diverse household needs with availability at leading retail stores, e-commerce platforms, and Samsung’s official website.

    AI Energy Mode:
    The AI Energy Mode leverages advanced AI algorithms to optimize energy consumption by analyzing the refrigerator’s usage patterns. This intelligent system identifies peak and off-peak hours of usage, adjusting energy requirements accordingly to achieve up to 10% energy savings. By reducing unnecessary energy usage, it not only ensures cost efficiency for households but also supports sustainable living by lowering carbon footprints. This feature is particularly beneficial for environmentally conscious consumers seeking to balance performance with responsibility.

    SmartThings Home Care:
    SmartThings Home Care offers a seamless integration of real-time monitoring and diagnostics, allowing users to ensure their refrigerator operates at peak efficiency. By comparing past and current performance data, this feature detects potential issues early, minimizing disruptions. Additionally, it provides users with proactive maintenance tips via the SmartThings app, enabling them to extend the lifespan of their refrigerator while ensuring consistent cooling performance. This tool exemplifies Samsung’s commitment to convenience and advanced home care solutions.

    Smart Forward:
    Designed to enhance the interconnected smart home ecosystem, Smart Forward ensures uninterrupted operation by transferring tasks seamlessly between connected devices. For example, in a multi-appliance setup, the refrigerator can communicate with other devices to adjust cooling requirements based on usage. This feature is ideal for users who rely on an integrated home automation system, as it enhances convenience and ensures that every device operates harmoniously for a smarter lifestyle.

    Wi-Fi Enabled Convenience:
    The Wi-Fi-enabled refrigerators redefine convenience by empowering users to control and monitor their appliance remotely via the SmartThings app. Whether it is adjusting the temperature, activating Power Cool or Power Freeze modes, or receiving maintenance notifications, users can manage their refrigerator from anywhere. For instance, while grocery shopping; users can remotely lower the temperature to store perishable items immediately upon returning home. This feature exemplifies modern convenience tailored to dynamic lifestyles.

    Convertible 5-in-1 Modes:
    The Convertible 5-in-1 Modes provide unparalleled flexibility, making these refrigerators suitable for the diverse needs of Indian households. The five modes that range from Normal, Seasonal, Extra Fridge, Vacation, and Home Alone, cater to specific situations. This adaptability ensures optimal energy savings and maximum utility.

    Twin Cooling Plus :
    The Twin Cooling Plus technology is designed to enhance freshness retention and prevent odor mixing. By using two independent evaporators and fans, it maintains separate cooling environments for the fridge and freezer compartments. This results in up to two times longer freshness, with up to 70% moisture retention for fruits and vegetables. By isolating odors, it preserves the natural flavors of stored items. This feature is a game-changer for households looking for prolonged freshness and hygienic storage.

    Active Fresh Filter+:
    The Active Fresh Filter+ system employs advanced activated carbon filtration to maintain clean and hygienic air circulation inside the refrigerator. It eliminates up to 99.99% of bacteria and neutralizes odors, ensuring a sterile environment for food storage. Additionally, it continuously sterilizes and deodorizes the air, offering peace of mind to users who prioritize health and hygiene.

    Power Cool and Power Freeze:
    The Power Cool and Power Freeze functions are designed for rapid cooling and freezing needs. Power Cool lowers the fridge temperature quickly, ideal for chilling beverages or fresh produce on demand. Power Freeze accelerates ice-making and freezing of food items, making it perfect for parties or impromptu gatherings. Together, these features provide quick solutions for busy lifestyles that require efficient refrigeration.

    Digital Inverter Compressor:
    The Digital Inverter Compressor ensures consistent and energy-efficient cooling by automatically adjusting its speed in response to cooling demands. This minimizes wear and tear, reducing noise and power consumption. With a 20-year warranty, the compressor offers unmatched durability and reliability, making it an investment in long-term performance and peace of mind.

    MIL OSI Economics

  • MIL-OSI China: China’s GalaxySpace, Thailand’s True Corp partner on satellite internet

    Source: China State Council Information Office

    Chinese satellite internet firm GalaxySpace and True Corporation, Thailand’s leading telecom operator, signed a memorandum of understanding on Feb. 10, 2025, to deepen cooperation in satellite internet.

    The two companies will collaborate in areas that include low Earth orbit (LEO) satellite communication technology, space-ground integrated network solutions, and direct-to-handset satellite communication technology. They will jointly advance research and development, explore new satellite applications, and build digital infrastructure.

    Xu Ming, CEO of GalaxySpace (left), and Manat Manavutiveth, CEO of True Corporation, sign a memorandum of understanding in Thailand on Feb. 10, 2025. [Photo courtesy of GalaxySpace]

    True Corp CEO Manat Manavutiveth said he has high expectations for the collaboration.

    “LEO satellite internet represents a significant leap forward in global communications, which will drive transformative changes in Thailand and the world’s socioeconomic landscape,” he said.

    He added that True Corp is committed to upgrading Thailand’s digital telecommunications infrastructure. Manavutiveth said the partnership will enhance the coverage and robustness of its communication network, providing communication services to Thai businesses and benefiting the public.

    Xu Ming, CEO of GalaxySpace, expressed confidence in the collaboration, noting Thailand’s business environment and market potential and describing True Corp as an ideal partner. 

    He added that the cooperation would expand the applications of satellite internet in Thailand and the ASEAN region in the maritime, agriculture, education and connected vehicle sectors.

    Xu said commercial aerospace is driving global economic development through innovation, noting that GalaxySpace would work with its Thai partners to boost communication in ASEAN and globally.

    2025 marks the 50th anniversary of diplomatic relations between China and Thailand. The collaboration is an example of China’s commercial aerospace sector expanding globally to support the construction of the Belt and Road Initiative Space Information Corridor. The program aims to provide space information service capabilities to countries along the Belt and Road.

    GalaxySpace, which previously launched China’s first LEO broadband test constellation (nicknamed “little spider web”), became the first Chinese firm to deploy LEO broadband satellite internet overseas, completing network testing in Thailand in 2024. This set the stage for the current cooperation.

    In recent years, Chinese commercial aerospace firms have steadily expanded their presence in international markets. For instance, Beijing-based rocket manufacturer CAS Space, a subsidiary of the Chinese Academy of Sciences, launched Oman’s first intelligent remote sensing satellite on Nov. 11, 2024. The satellite was sent into orbit aboard a Lijian-1 Y5 carrier rocket as part of a mission that deployed 15 satellites.

    The launch marked the first time a Chinese commercial aerospace company provided launch services to an international client. The Omani satellite is equipped with AI computing payloads and an intelligent operating system, supporting applications such as land surveys and disaster monitoring.

    From confirmation to launch, the entire process took less than six months, demonstrating the capabilities of Chinese commercial rockets. The launch was also a notable example of aerospace cooperation under the Belt and Road Initiative.

    The Lijian-1 Y5 carrier rocket lifts off from the Dongfeng Commercial Aerospace Innovation Test Zone in Jiuquan city, northwest China’s Gansu province, Nov. 11, 2024. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI United Kingdom: His Majesty The King honours Mr Itsushi Tachi, Former President of the Japan Chevening Alumni Network

    Source: United Kingdom – Executive Government & Departments

    His Majesty King Charles III has approved the award of an honorary BEM (British Empire Medal) to Mr Itsushi Tachi for services to people-to-people relations between the UK and Japan.

    Mr Tachi was a recipient of a Chevening scholarship which allowed him to complete an MSc in Economics at the London School of Economics and Political Science in the 1980s. Three decades later, he and five other Japanese Chevening alumni decided to form a Chevening alumni association in Japan. Mr Tachi led the preparatory work, and liaison with alumni and the British Embassy, becoming the founding President of the Japan Chevening Alumni Network (JCAN).

    Since its foundation in 2016, JCAN has undergone a dramatic expansion in membership, activities and profile, helping to enhance connections between the UK Government and its Chevening alumni, and creating a lasting legacy of people-to-people ties between the UK and Japan.

    Footnote:

    The Chevening Scholarship is an international scholarship, funded by the FCDO and partner organizations, that enables foreign students to study a Masters degree at universities in the United Kingdom. More information can be found on https://www.chevening.org/

    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Over 1,000 Enforcement Actions Taken For Rat-Related Lapses In 2024, Almost Double Whole Of 2023

    Source: Asia Pacific Region 2 – Singapore

    Good refuse management and housekeeping practices must continue to lower the risk of rat infestations

    Singapore, 14 February 2025 – In 2024, in line with the Year of Public Hygiene, the National Environment Agency (NEA) stepped-up enforcement action for rat-related lapses. Over 1,000 enforcement actions were jointly taken by NEA and the Singapore Food Agency (SFA) against premises owners or occupiers, including operators of trade premises, shopping malls, and food establishments. This is almost double the 670 enforcement actions taken in 2023. Nearly half of the enforcements last year were for poor refuse management.

    Upstream measures key to effectively and sustainably reduce the risk of rat infestation 

    2          From 1 April 2025, NEA will tighten enforcement against premises managers and owners for rat-related lapses in three key areas: (i) poor refuse management and housekeeping practices that create conditions favourable for the propagation of rats, (ii) defects in refuse handling facilities (e.g. bins, bin centres) that can potentially serve as entry points for rats, and (iii) the presence of rat nests.  This aims to reinforce the importance of premises managers implementing proper rat prevention and control measures proactively, which improves overall cleanliness standards and reduces the risk of rat infestations.

    3          Premises managers and owners who fail to practise proper refuse management or create conditions favourable to the harbouring or propagating of rats are subject to enforcement by NEA under the Environmental Public Health Act (EPHA) and the Control of Vectors and Pesticides Act (CVPA) respectively. The maximum penalty under the CVPA is a fine of up to $20,000 or imprisonment for up to 3 months, or both, for a first offence. For a first offence under the Environmental Public Health (Public Cleansing) Regulations, premises owners can be fined up to a maximum of $1,000 and to a further fine not exceeding $100 for every day or part thereof during which the offence continues after conviction.

    Everyone has a part to play in keeping the rat population low

    4          Relying on enforcement alone would be insufficient to mitigate rat infestations in the longer term. NEA will continue to adopt a multi-pronged approach to address the situation through active surveillance [1] and stakeholder engagement. This enables us to make informed decisions to carry out targeted interventions, thereby improving the effectiveness of our public hygiene efforts. Findings from our island-wide surveillance of rat burrows are also analysed and shared with relevant stakeholders such as Town Councils and land agencies, for them to carry out upstream preventive and downstream control measures.

    5          Management of the rat population requires a community-wide effort, and everyone needs to play a part to keep rats away, by keeping our premises and our living environment clean: 

    • Individuals should bag and dispose food waste properly into refuse bins. Keep the bin cover shut, where applicable.
    • Businesses should bag, tie, and dispose of food waste into covered bins. Maintain the bin in good repair, keep the bin cover shut and keep the surrounding environment free of clutter.
    • Food handlers should secure food items above the ground and store them in tightly covered containers so that rats cannot access

    ———————————

    [1] More information on technologies adopted by NEA for rat surveillance can be found in Annex A

    ~~ End ~~

     

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

    Annex A

    Leveraging Technology for Surveillance

    To enhance operations capabilities, NEA leverages technology such as sensors, infrared cameras, thermal cameras and borescopes to detect and monitor rat activities. By leveraging technology and data, NEA can make informed decisions to carry out targeted interventions, thereby improving the effectiveness of our public hygiene efforts.

    2          Thermal cameras can:

    • Discreetly monitor an area without disturbing or alerting the rats who are known to be neophobic.
    • Capture clear thermal images of rats and its movements.
    • Provide data to show places with rat activities or where rats congregate. This data can be shared with premises operators and stakeholders for them to finetune their rat control measures.

    3          In 2024, NEA successfully trialled the use of thermal surveillance cameras at the back-lanes of two hotspots – Buffalo Road and Telok Ayer Street. The trial has since led to positive results.

    • Surveillance cameras were able to capture footage of rat activities and routes used by rats to access possible food sources and congregation at specific areas.  
    • Data allowed NEA officers to visualise the distribution of rat activities temporally and spatially.  
    • Enabled NEA and stakeholders to put in place targeted intervention measures to remove the rats and prevent reinfestation via adoption of upstream measures (e.g. identification of structures used by rats and removing them to prevent access to food or areas of harbourage).  
    • 13 enforcement actions were taken against premises owners for public hygiene/cleanliness lapses and for creating conditions favourable for the propagation of vectors.   

    4          Given the positive outcome from the pilot, NEA will include thermal surveillance cameras into its suite of surveillance technologies. This addition aims to improve operational effectiveness in monitoring and tackling the rat population. The thermal cameras will complement existing surveillance methods, enhancing NEA’s overall capability to detect, respond and guide stakeholders and premises managers to resolve rat issues. NEA will continue to explore other forms of technology, which includes the use of video analytics.

    MIL OSI Asia Pacific News

  • MIL-OSI: Sompo Holdings establishes global Property and Casualty (re)insurance, and Wellbeing business segments

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, Feb. 14, 2025 (GLOBE NEWSWIRE) — Sompo Holdings Inc. (Sompo Holdings), an integrated financial group committed to delivering health, wellbeing and financial protection, today announced the formation of its business into two global segments: Sompo Property and Casualty (re)insurance (Sompo P&C), and Sompo Wellbeing, effective April 1, 2025. The simplified organization provides a resilient, innovative and sustainable platform to support all its stakeholders.

    Sompo P&C will integrate Sompo International Holdings Ltd’s insurance and reinsurance business together with its Japan commercial and consumer P&C operations. The segment will be led by James Shea, currently Chairman and Chief Executive Officer (CEO) of Sompo’s global insurance and reinsurance business outside of Japan. Mr Shea will become CEO, Sompo P&C, continuing to report to Sompo Group CEO Mikio Okumura. He will also continue in his current role running the Overseas Insurance and Reinsurance business.

    Within the new Sompo P&C business structure:

    • Koji Ishikawa, CEO of Sompo Japan, continues in his role, and will now report to Mr Shea.
    • Kenneth Reilly will expand his current responsibilities as CEO, Insurance, Asia Pacific, to also include Deputy CEO of Sompo Japan, Commercial Insurance.
    • Nicolas Burnet will become Group Deputy Chief Financial Officer (CFO) at Sompo Holdings, and CFO for Sompo P&C. He will help oversee the global investment strategy for Sompo in addition to capital allocation, investor relations and merger & acquisitions. He will report to Mr Shea and Masahiro Hamada, Group CFO.

    Sompo Wellbeing will include the life insurance business, Sompo Himawari Life Insurance, and the nursing services business in Japan, Sompo Care. Sompo Wellbeing will work as one group to create products and services addressing challenges related to health, financial stability after retirement, and nursing care needs. These are all prominent challenges in Japan due to the country’s ageing population and declining birth rate.

    Yasuhiro Oba, currently CEO of Sompo Himawari Life Insurance, will become Sompo Wellbeing CEO, reporting to Mikio Okumura.

    Within the new Sompo Wellbeing business structure:

    • Yasuki Kume will become CEO of Sompo Himawari Life Insurance.
    • Takamitsu Washimi will continue as CEO of Sompo Care.

    Sompo Group CEO Mikio Okumura said: “Sompo Group is taking the next step towards our goal of becoming a truly global financial institution born in Japan. By creating our Sompo P&C and Sompo Wellbeing global business segments, we will deliver a sustainable platform that meets the needs of all our stakeholders.

    “Our streamlined organization brings together the deep and diverse range of skills, experiences and perspectives of our people and teams, to deliver more innovative solutions and enhanced problem-solving capabilities. With our collaborative ‘One Sompo’ culture, we are now an even stronger and more adaptable organization capable of thriving in the dynamic business environments we operate in around the world, both today and into the future.”

    James Shea, who will assume the position of CEO, Sompo P&C said: “This structural change is part of our ongoing evolution to remain resilient amid economic changes. It will simplify our business, allowing us to continue to foster deeper connections and alignment across geographies, deliver profitable results to our shareholders and create the best place to work in our industry.

    “Sompo Japan and our Overseas business together represent in excess of US $30bn gross written premium driven by more than 40,000 employees worldwide. With a balanced portfolio globally of 51% commercial, 35% consumer and 14% reinsurance, we are well positioned across geographies and products to continue our strategy.

    “I’m looking forward to maximizing the potential of our organization as a global community, driving innovation to achieve both our purpose and our strategic objectives more effectively.”

    Yasuhiro Oba, who will be appointed CEO Sompo Wellbeing, said: “Sompo Wellbeing provides solutions for ‘health’, ‘nursing care’ and ‘finance after retirement’ concerns by connecting Sompo Himawari Life Insurance’s Insurhealth®, Sompo Care’s nursing services, and other healthcare-related activity to realize Sompo’s Purpose: ‘For a future of health, wellbeing and financial protection’. In addition to insurance coverage, we will also provide services for ‘ease of mind’ across the boundaries of our operating companies, thereby staying close to the daily lives of our customers.”

    About Sompo Group

    Building on 135 years of innovation, Sompo Group is a leading integrated insurance and financial services group committed to delivering health, wellbeing and financial protection to businesses and individuals worldwide. Sompo Group comprises Sompo Holdings Inc. (Sompo Holdings) and its subsidiaries, providing solutions in property and casualty insurance globally, and life insurance and nursing care in Japan.

    Sompo Holdings has excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings are listed on the Tokyo Stock Exchange (8630.T).

    To learn more please follow us on LinkedIn or visit sompo-hd.com.

    Sompo Contact

    Yoichi Shibuya
    General Manager, Japan Media Relations, Sompo Holdings
    E: 10_sompopr@sompo-japan.co.jp

    Mike Jones
    Global Head of Media Relations, Sompo
    M: +44 7765 901899
    E: mijones@sompo-intl.com

    The MIL Network

  • MIL-OSI United Kingdom: His Majesty The King honours Mrs Yoshiko Mori, Chairperson Emerita, Mori Art Museum

    Source: United Kingdom – Executive Government & Departments

    His Majesty King Charles III has approved the award of Honorary OBE (Officer of the Most Excellent Order of the British Empire) to Mrs Yoshiko Mori in recognition of her contribution to UK-Japan culture and education.

    As Chairperson of the Mori Art Museum and a member of the Board of Directors of the Mori Building Company, Mrs Mori has positioned the arts and culture at the heart of one of Japan’s largest and most transformational real estate developers.

    Under her stewardship the Mori Art Museum has championed and supported a wide range of UK artists, and has helped to showcase the strength and diversity of British art to millions of people in Japan.

    Beyond the Mori Art Museum, Mrs Mori served for many years in a voluntary role as a Trustee of the Royal Academy of Arts, an independent charity that promotes art and artists. She has also been a champion of international education, and her vision for placing education at the heart of cutting-edge urban development contributed to the establishment of the new British School Tokyo campus at Azabudai Hills, which showcases cutting-edge British design and leadership in educational innovation.

    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: Asian Development Blog: AI Can Free Human Intelligence for Discovery and Exploration

    Source: Asia Development Bank

    Artificial intelligence is reshaping knowledge generation, but human intelligence remains essential for ethical oversight, innovation, and problem-solving. Integrating AI into industries, shifting away from Industrial Era work models, and accelerating learning will be key to harnessing its full potential for sustainable development.

    Human cognitive abilities have grown over time, influenced by environmental and cultural factors. Despite a slight decrease in brain size over the past 3,000 years, the Flynn effect shows that people are becoming smarter across generations.

    Innovations in sharing and storing information—from writing to the rise of the Internet—are accelerating collective cognitive development because of the rapid dissemination of knowledge.

    In the age of artificial intelligence, human intelligence is likely to grow even faster. People will be able to access vast amounts of information across a wide range of topics more quickly than before. AI can also deliver personalized educational experiences to suit the learning style of students, making the learning process more engaging. 

    People are far from being mere passive recipients of AI’s impacts: they are actually the ones who are actively spurring its development, and this in turn is further advancing human intelligence. Leveraging both human and artificial intelligence will be critical to developing innovative solutions to address climate change and other complex global challenges. 

    People, from casual users to experts, need to have functional knowledge of AI to fully benefit from it, and AI’s usefulness depends on trust. This is where the Artificial Intelligence Quotient (AIQ), the level of readiness in humans to successfully adopt AI, comes in. 

    Just as travelers trust a plane or a car because they understand how they work, AI should also be made more understandable to increase the likelihood of its use and adoption. Patients will not be interested in undergoing a medical procedure performed by AI-powered robots if they are not confident that the benefits of technology-assisted surgery far outweigh the risks.

    Similarly, businesses will not blindly trust AI systems to engage in trade on their behalf without first understanding how these systems evaluate business risks.

    Building Artificial Intelligence Quotient requires educating oneself on AI advancements, capabilities, and limitations. Hands-on experience in using AI-powered tools will help individuals and institutions trust AI and make them more comfortable in using it. 

    Trust in AI, in turn, will encourage the development of more AI tools for societal benefit, including healthcare, education, and climate adaptation.     

    Technological know-how is crucial, but emotional intelligence is equally important. 

    Emotions drive creativity and problem-solving. With a few prompts, some AI tools can generate photos, videos, and stories. These outputs, however, are not truly original content. They are instead derived from training data.

    Context and purpose matter as there is no one-size-fits-all solution when it comes to AI.
     

    Humans, on the other hand, can generate original content, developing innovative ideas, and collaborating with other people to find solutions to complex issues. More importantly, they are the ones steering the direction of AI development, including putting in place policies and guidelines for the ethical and responsible use of AI. 

    These ethical guardrails help to ensure that AI tools and systems are built not for their own sake but to address pain points in a way that respects human values and rights. Thus, managing one’s emotions and understanding others’ emotions are necessary skills in a technology-driven era. 

    AI can mimic compassion, as seen with mental health chatbots, but it lacks genuine emotional connection. Trust is only the first step to developing an Artificial Intelligence Quotient. You need to be aware of your own capacity to use AI depending on your specific needs so you can find the right tool to address your concerns. 

    From an international development perspective, each country has a different set of needs and priorities when it comes to AI use. For instance, one country may be interested in focusing on leveraging AI to increase production capacity of a certain industry, while another country may want to use AI to improve delivery of basic services, such as healthcare, education, and social protection.

    Context and purpose matter as there is no one-size-fits-all solution when it comes to AI. Recognizing the differences in these challenges and how these need to be adjusted to be responsive to specific issues is critical to leveraging AI effectively to promote sustainable development and climate resilience.  

    AI’s strengths and weaknesses also need to be recognized. AI might be a powerful tool, but it has its limitations. There are instances when AI is not the best solution, with other tools being better suited to address an issue. In addition, AI does not hold all the answers to the world’s questions and is limited by the data with which it was trained.

    Finally, it is important to let AI know you. AI tools have a feedback loop that you can use to improve their performance, and this mechanism will help train these tools to better address climate and development challenges.

    If AI’s full potential is unleashed, it can handle all current cognitive tasks that humans are doing, freeing up humans to focus on big thinking and creating. 

    While it is improbable for sentient AI to emerge anytime soon, AI, along with robotics, will likely bear the brunt of the work of humans, including knowledge generation. By the 22nd century, AI will be solving the issues that humans previously handled, freeing humans to tackle new, yet-unsolved mysteries, leading to the rise of a new age of discoveries. 

    This will require rethinking and reskilling. The payoff, however, will be worth it if it means finding solutions to poverty, climate change, and other challenges faced by humanity and the world. 

    As AI grows, humans must continue to grow as well. In the next century, we are looking at a new age of discoveries arising from freeing up human intelligence to resolve new problems rather than resolving issues that could be resolved by AI and robotics.   

    To achieve climate and development goals, we need to be doing three things: 

    Integrate AI and robotics. Institutions and industries need to evolve to integrate technology—not just in business-related tasks but also in daily operations. Industries such as construction, shipping, and manufacturing will increasingly rely on AI and robotics to perform tasks. Embracing technology is critical, especially since its use will likely scale up in the coming years.

    Give up industrial era ways of working. AI and robotics will render obsolete the conventional assembly line setup that focuses on efficiency in physical production. People must shift towards human-centered work. Institutions and industries should redesign their operations and empower people to use their creativity and critical thinking skills to perform AI-augmented work. 

    Accelerate learning and adoption. The fundamental shift from the Industrial Era practices puts more emphasis on the knowledge economy. This, along with the rapid development brought about by AI and the rapid boom of industries, requires an accelerated pace of learning. Humans should therefore dedicate over half of their workday to learning to keep up with and adopt new technologies and methods. Human resource departments must play a key role to facilitate this shift from Industrial

    Era practices to more agile mindsets and practices in the age of AI.

    The future of intelligence will be shaped by the dynamic interplay between human cognition and artificial intelligence. By fostering a symbiotic relationship with AI, humanity can unlock new frontiers of knowledge, innovation, and problem-solving in the decades ahead.

    MIL OSI Economics

  • MIL-OSI: Morpheus Labs Partners with CertiK to Power TN7’s Smart Contracts in Their First Joint Initiative

    Source: GlobeNewswire (MIL-OSI)

    Graphic download: Synthcity Overview (1).png

    SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — Morpheus Labs has teamed up with CertiK, a leader in blockchain security, to enhance the security and reliability of smart contracts. This collaboration strengthens blockchain ecosystems and supports the tokenization of Real-World Assets (RWA), opening up new possibilities for tokenized content and intellectual property. The partnership kicks off with TN7, a new content universe built around the first digital comic series from Viu, PCCW’s leading pan-regional OTT video streaming service.

    TN7: A Pioneering Digital Content Platform

    TN7 is a Viu initiative that explores new possibilities for community-driven storytelling, integrating Web3 elements to empower creators. It integrates secure and efficient smart contracts as part of its infrastructure. Through Morpheus Labs’ collaboration with CertiK, these contracts undergo rigorous auditing and reinforcement, ensuring a stable and secure foundation for the platform’s interactive ecosystem.

    CertiK Joins to Fortify Smart Contract Security

    CertiK brings advanced AI-driven auditing solutions to reinforce TN7’s smart contracts, enhancing security for the platform and its creators. Ronghui Gu, co-founder of CertiK, stated: “We are excited to partner with Morpheus Labs. Their AI-powered Smart Contract Studio provides the first end-to-end solution for smart contract development and auditing.Together, we aim to set new standards in blockchain security and reduce cybercrime threats.”

    A Strong Beginning for the Partnership

    This collaboration on TN7 marks the first step in an ongoing partnership aimed at advancing security in blockchain-powered digital content platforms. Morpheus Labs’ Smart Contract Studio, combined with CertiK’s auditing expertise, provides intuitive, seamless and highly secure smart contracts. Anson, Country Head at Viu Singapore, said: “Security is essential to TN7’s vision of a dynamic, creator-driven universe. With CertiK’s expertise and Morpheus Labs’ platform, we are confident in providing a stable and secure environment for our growing community.”

    Setting a New Standard in Web3 Security

    By combining CertiK’s auditing capabilities with Morpheus Labs’ Smart Contract Studio, the partnership delivers an end-to-end solution for smart contract development and auditing, addressing the growing need for robust cybersecurity in Web3. Pei-Han Chuang, CEO of Morpheus Labs, added: “Our Smart Contract Studio simplifies development while integrating thorough auditing services. The TN7 project is just the start of how this partnership will benefit businesses seeking secure smart contract solutions.”

    A Secure Future for Web3

    Together, Morpheus Labs and CertiK are setting a new standard for developing and securing smart contracts while onboarding more customers, starting with the TN7 project. As Web3 evolves, this collaboration strengthens the security framework for TN7 and sets a precedent for protecting digital content platforms integrating blockchain technology.

    About Morpheus Labs

    Morpheus Labs is a leading developer lab in South East Asia specializing in blockchain integration, offering a comprehensive suite of tools and services to streamline the development and deployment of blockchain-based projects. With a focus on driving adoption and innovation, Morpheus Labs empowers developers and enterprises to leverage the full potential of Web3 technologies.

    To learn more about Morpheus Labs, visit https://morpheuslabs.io. Try the Smart Contract Studio for free at https://web3-platform.morpheuslabs.io.

    About CertiK

    CertiK’s mission is to secure the Web3 world. Starting with blockchain, CertiK applies cutting-edge innovations from academia into Enterprise, enabling mission-critical applications to be built with security and accuracy. Headquartered in New York City, CertiK was founded by computer science professors Ronghui Gu and Zhong Shao. CertiK is backed by industry leaders, including Insight Partners, Tiger Global, Sequoia, Coatue Management, Advent International, Goldman Sachs, Lightspeed, SoftBank Vision Fund 2, Hillhouse Capital, Binance, Coinbase Ventures, and more.

    To learn more, please visit https://www.certik.com/

    About Viu

    Viu, a leading pan-regional over-the-top (OTT) video streaming service, is available in 16 markets across Asia, the Middle East, and South Africa.

    The Viu service is available to consumers through a dual model, with an ad-supported free tier and a premium subscription tier. In addition to premium original productions under the brand “Viu Original”, Viu showcases TV series, movies, and lifestyle programmes from top content providers in local and regional languages with subtitles. Viu Scream Dates, its multi-market fan-meet offering, extends the Viu experience beyond the screens by bringing stars closer to their fans via live events.

    In June 2023, PCCW and CANAL+ formed a partnership to accelerate the growth of Viu, making CANAL+ a strategic investor in Viu.

    Viu also operates MOOV, a popular digital music streaming and live concerts service in Hong Kong.

    Viu is a member of PCCW Media under PCCW Limited, a global company headquartered in Hong Kong with interests in telecommunications, media, IT solutions, property development and investments, and other businesses. PCCW also operates ViuTV, a free television service in Hong Kong, through HK Television Entertainment Company Limited, and has interests in Pacific Century Premium Developments Limited, among other global investments.

    For more information, please visit www.viu.com.

    Morpheus Labs Social Links

    X: https://twitter.com/MorpheusLabs_io
    Telegram: https://t.me/morpheuslabs
    Discord: https://discord.com/invite/mbdXpD2fZm

    Website: https://morpheuslabs.io/

    For media inquiries, please contact:
    Contact: Lyn Ngan
    Email: lyn@morpheuslabs.io

    For partnership inquiries, please contact:
    Contact: Leonard Ong
    Email: leonard@morpheuslabs.io

    Book a Consultation:https://appt.link/morpheuslabs/book-a-consultation

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5aa0632c-1cf4-4077-8b20-7c32e156412e

    The MIL Network

  • MIL-OSI Economics: Result of the 49-day Variable Rate Repo (VRR) auction held on February 14, 2025

    Source: Reserve Bank of India

    Tenor 49-day
    Notified Amount (in ₹ crore) 75,000
    Total amount of bids received (in ₹ crore) 99,692
    Amount allotted (in ₹ crore) 75,003
    Cut off Rate (%) 6.28
    Weighted Average Rate (%) 6.32
    Partial Allotment Percentage of bids received at cut off rate (%) 57.30

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2158

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Census to be conducted next year

    Source: Hong Kong Information Services

    The 2026 Population Census will be held from January 1 to December 31, 2026.

    The Census & Statistics (2026 Population Census) Order was published in the Government Gazette today.

    To modernise and reform Hong Kong’s approach to censuses, several new initiatives will be implemented in the 2026 Population Census, such that only around one-tenth of the population will be subject to detailed enquiry by long-form questionnaire.

    Government administrative data will be used more extensively to supplement survey data with a view to reducing the reporting burden on respondents.

    A small-scale test survey for the 2026 Population Census will be conducted from April to July this year.

    Sampled households are encouraged to participate in the census through online questionnaires. They may also choose to provide the requested information by telephone interview.

    Census & Statistics Department Census officers will visit households who have not completed their questionnaires to collect the requested information.

    Households selected to participate in the census will receive a household notification letter issued by the department. If households have not provided telephone numbers to the department, it will not initiate phone calls to them.

    When visiting households, census officers will wear a vest uniform and carry a government or enumerator identity card and a Census Officer Certificate of Identity issued by the department.

    The department will implement strict procedures to handle all data collected and will only release statistics that do not reveal the identity of the individuals involved.

    All completed questionnaires, in both paper and electronic forms, will be destroyed on or before December 31, 2027.

    The order will be tabled at the Legislative Council for negative vetting on February 19.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on February 14, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 1,50,000
    Total amount of bids received (in ₹ crore) 1,93,363
    Amount allotted (in ₹ crore) 1,50,016
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) 46.98

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2157

    MIL OSI Economics

  • MIL-Evening Report: Dingoes are being culled in Victoria. How much harm to the species is needed to protect commercial profits?

    Source: The Conversation (Au and NZ) – By Danielle Ireland-Piper, Associate Professor, ANU National Security College, Australian National University

    A Victorian government decision to allow dingo culling in the state’s east until 2028 has reignited debate over what has been dubbed Australia’s most controversial animal.

    Animals Australia, an animal welfare group, has filed proceedings in the Supreme Court of Victoria, challenging the decision. The case is due to be heard this year.

    Announcing the legal action, the group said the eradication program targeted a unique native animal at risk of extinction, and ignored pleas from Traditional Owners who “treasure the dingo as a totem species”.

    The controversy raises a few thorny questions. Are dingoes an important native species or an agricultural pest? And what is the right balance between protecting the species, and protecting the interests of farmers?

    What’s this all about?

    Dingoes are listed as vulnerable in Victoria. This means the species faces a high risk of extinction in the wild over the medium term.

    Dingoes are also protected under Victoria’s Wildlife Act – unless a special order is made to declare them “unprotected”. To date, these unprotection orders have been made when authorities deem it necessary to prevent dingoes from killing livestock.

    An unprotection order means a person can legally kill dingoes in certain areas of private and public land, by trapping, poisoning or shooting.

    Since around 2010, a succession of unprotection orders have allowed dingoes to be killed in various parts of Victoria. The unprotection order now being challenged came into effect on October 1 last year and will continue until January 1, 2028.

    Announcing the decision, Victoria’s Environment Minister Steve Dimopoulos says the government was:

    striking the right balance between protecting our vulnerable dingo populations while giving farmers the ability to protect their livestock, and we will regularly engage to ensure settings continue to achieve this balance.

    Dingoes are not ‘wild dogs’

    DNA studies suggest dingoes have been in Australia for between 4,600 and 18,000 years. Often wrongly described as “wild dogs”, they are [actually descended from south Asian wolves](https://environment.desi.qld.gov.au/wildlife/animals/living-with/dingoes#:~:text=The%20dingo—Australia’s%20only%20native,role%20in%20the%20natural%20environment.Sustainable dingo management (and public sympathies either way).

    Adding to the complications, it can be hard to distinguish between a wild dog and a dingo without DNA testing.

    Dingoes were once widespread across Victoria but are now extinct across most of the state, save for two populations in the state’s north and east.

    Conservationists and scientists fear the extended order in eastern Victoria may push dingoes to local extinction

    The experience in north-west Victoria offers a cautionary tale. There, under a dingo unprotection order, the population dropped to as few as 40 individuals. The local dingo population was deemed “critically low and at risk of extinction”, prompting the government to reinstate dingo protections.

    In eastern Victoria, the dingo population is estimated at between 2,640 and 8,800.

    However in September last year, before the unprotection order in eastern Victoria came into effect, Nationals Member for Gippsland, Tim Bull, claimed 1,500 dingoes were already being killed in the region each year by farmers and others.

    If those figures are correct, it suggests extending the unprotection order until 2028 will devastate the dingo population in eastern Victoria.

    A decline in dingo populations is not just a concern for the species itself – it will have knock-on effects.

    Dingoes are apex predators and research shows they are central to how ecosystems function. They can help control introduced predators such as foxes, feral cats and rabbits. This benefits native animals and plants.

    Is the balance right?

    Given the risks to dingo populations and the broader environment, it’s pertinent to ask if the government decision swings too far towards protecting agricultural production.

    One report suggests within Victoria’s 16 “wild dog management zones” in the 2022–23 financial year, there were more than 1.7 million head of livestock. Of these, 1,455 were confirmed killed by dingoes. While understandably of concern to farmers, this nonetheless represents a tiny proportion of total stock numbers.

    The number of sheep killed by dingoes is also only a fraction of the 14.6 million currently farmed in Victoria. Sheep are not at risk of extinction.

    These numbers suggest the government has not struck the right balance between protecting livestock and ensuing dingo populations survive.

    Considering the rights of Traditional Owners

    When weighing up an unprotection order, a minister must consider how it affects the rights of Traditional Owners.

    In 2023, when deliberating over whether to make an unprotection order in eastern Victoria, the Victorian government stated that for Aboriginal people:

    • dingoes are part of their living cultural heritage

    • the loss of a dingo is akin to the loss of a family member

    • the dingo helps maintain connection to Country

    • some have a totemic and kinship relationship with the dingo.

    The government said while the order would limit Aboriginal people’s rights, this was justified when taking other factors into account.

    The court will decide

    Animal protection group Animals Australia has filed proceedings in the Supreme Court of Victoria, challenging the lawfulness and validity of the unprotection order. Court documents are not yet publicly available.

    Australia does not have a single and consistent animal welfare and protection regime. Instead, protections are fractured between the states. That is why the current challenge to dingo culling is limited to Victoria, even though culling takes place in other states. This illustrates the difficulty in using the law to protect animals at a national level.

    This challenge is part of a broader push to redefine the relationship between humans and animals through what’s known as animal law. In recent years, animal advocates have used various aspects of the law to challenge the gassing of pigs before they are slaughtered, and recreational duck shooting.

    The current case is an important test for how the law balances the needs of humans and animals – and in particular, how much harm is deemed “necessary” at law to protect commercial profit and livelihood.

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

    ref. Dingoes are being culled in Victoria. How much harm to the species is needed to protect commercial profits? – https://theconversation.com/dingoes-are-being-culled-in-victoria-how-much-harm-to-the-species-is-needed-to-protect-commercial-profits-245759

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Honda, Nissan call off merger talks amid disagreements

    Source: China State Council Information Office 3

    This photo taken on Dec. 23, 2024 shows a Honda dealer in Tokyo, Japan. [Photo/Xinhua]

    Honda Motor Co. and Nissan Motor Co. on Thursday announced the decision to terminate discussions on a potential merger, bringing an end to the restructuring attempt that could have created one of the world’s largest automotive group.

    Both companies held board meetings on Thursday, where they agreed to withdraw the basic agreement signed in December 2024 and officially end merger discussions.

    In the rapidly changing market environment in the age of electrification, prioritizing decision-making speed and the execution of management measures would make it more appropriate to forgo the merger at this time, Nissan said in a statement on its website.

    Despite the end of merger talks, the companies will continue to collaborate within the framework of the strategic partnership memorandum, the two companies said in separate statements.

    This photo taken on Dec. 23, 2024 shows a Nissan dealer in Tokyo, Japan. [Photo/Xinhua]

    The two automakers initially focused on forming a holding company that would oversee both brands, but negotiations stalled over the shareholding structure as tensions escalated when Honda proposed making Nissan its subsidiary, an idea Nissan strongly opposed.

    According to local media, Honda has been pushing Nissan to accelerate its restructuring efforts. In November 2024, Nissan announced plans to cut 9,000 jobs worldwide and reduce its global production capacity by 20 percent after reporting a more than 90 percent drop in net profit for the April-September period.

    The integration, if materialized, was expected to enhance development capabilities for electric vehicles (EVs) and software while reducing costs through cooperation. However, with the negotiations terminated, both companies must now reassess their strategic direction.

    On Thursday, Nissan revised its financial outlook for the fiscal year, estimating a net loss of 80 billion yen (about 520 million U.S. dollars). The company cited rising costs for restructuring its struggling U.S. operations, along with expenses related to workforce reductions.

    Revenue projections were also lowered, while operating income, which indicates profit from core business, is expected to be 120 billion yen, 30 billion yen less than the previous forecast.

    At a press conference, Nissan’s CEO Makoto Uchida acknowledged the challenges of continuing as an independent entity but ultimately believed that a holding company structure, rather than full acquisition, would have been the best way for Nissan to compete globally.

    He also signaled Nissan’s intention to seek partnerships in various fields to ensure future sustainability.

    Honda’s CEO Toshihiro Mibe expressed deep regret that both companies could not reach a consensus and take a step forward toward the merger.

    However, through these discussions, Honda and Nissan recognized the potential synergy effects of collaboration, he noted. Honda stated that they would leverage this understanding in their ongoing strategic partnership with Mitsubishi Motors, which was announced in August last year.

    The focus moving forward will be on intelligent and electrified mobility solutions, with plans to put these ideas into practice, Honda stressed.

    Honda said Thursday that it booked a net profit of 805.26 billion yen in the nine months through December, down 7.4 percent from the previous year.

    MIL OSI China News

  • MIL-OSI China: ‘Ne Zha 2’ derivatives ride blockbuster wave

    Source: China State Council Information Office 3

    This photo taken on Feb. 13, 2025 shows a poster for the Chinese animated film “Ne Zha 2” at a cinema in Chaoyang District of Beijing, capital of China. [Photo/Xinhua]

    Fans of record-breaking blockbuster Chinese movie “Ne Zha 2” are making significant waves in the derivatives market, clearing out retailer inventories and even creating DIY character-shaped dolls and food items.

    Since the film’s debut on the first day of the Chinese New Year, which was Jan. 29 this year, sales of its collectibles, ranging from mystery toy boxes and cards to fridge magnets and badges, have reportedly topped 50 million yuan (about 6.97 million U.S. dollars) on Taobao, a leading e-commerce platform in China.

    This sequel to the 2019 hit “Ne Zha,” with inspirations derived from Chinese mythological tales, has already drawn over 200 million cinema-goers, the highest number in the country’s film history.

    The film became an instant holiday box office hit thanks to its contemporary re-imagination of Ne Zha, a well-known mythical figure with extraordinary powers, and via its intriguing plot twists. As of Wednesday, it had grossed over 9 billion yuan, igniting high public enthusiasm for its collectibles.

    Customers inquiring about toys featuring characters from the film are often left disappointed at stores across China. A salesperson at a trendy toy store in downtown Nanjing in east China’s Jiangsu Province said even display samples were sold out. “We expect to restock items like laser cards later.”

    Notably, Hunan Sunny & Sandy Toys Manufacturer Co. Ltd., the film’s sole licensed manufacturer of 3D food-grade plastic toys in China, reported sales of over 450,000 mystery toy box sets through live-streaming in just 11 days — ranking first in terms of the sales of board-game merchandise on the video platform. In addition, more than 10 million of these sets have been sold through offline partnerships.

    Yang Zhenlin, assistant to the company’s chairman, said their factory workshops had to resume operations ahead of schedule after the Spring Festival holiday, with their hundreds of staff members working tirelessly to replenish inventory. “We had great confidence in the film even before its release, so we promptly secured the copyright,” Yang told Xinhua.

    This week, on e-commerce platforms, some stores have gradually restored supplies. Businesses in the second-hand market have remained brisk.

    Fans have also discovered that the gold bracelets they had purchased after the first Ne Zha film came out in 2019, with designs inspired by the “universe ring” on Ne Zha’s arm, have tripled in value on the second-hand market, thanks to both the success of “Ne Zha 2” and a higher gold price.

    Some fans have gone so far as to make their own versions of it, using wood, plasticine, flour and even thread. Coinciding with the Lantern Festival on Feb. 12, netizens shared creative improvisations of Ne Zha-shaped glutinous rice dumplings, a festive food.

    Miao Lingyi, a 10-year-old girl living in east China’s Shanghai, expressed her admiration for the character Ao Bing, the son of the Dragon King, stating her desire to use her pocket money to buy a collectible featuring him. “I really love the character and I don’t mind waiting a while for the collectible,” she said.

    According to experts, the film’s huge success stemming from its captivating plot and stunning special effects, has evoked emotional attachment and resonance with characters among its audiences, while some related products feature limited edition designs — thereby enhancing their value as collectibles and stimulating consumer purchasing enthusiasm.

    Ye Guofu, founder of MINISO, a Chinese retailer known for its fashionable but affordable household products, said that Chinese consumers’ growing focus on emotional value attached to commodities, particularly among the younger generations, is expected to further drive the consumption of IP-featured products, such as those related to domestic animated films and games.

    With this lucrative market rapidly expanding, experts have stressed the importance of both IP innovation and product quality, while warning against risks of market irregularities and intellectual property rights violations.

    Law professor Zheng Ning with Communication University of China suggested that market regulators strengthen oversight to combat potential price gouging and the sale of substandard products — thereby ensuring a more orderly market environment.

    Zhao Liangshan, a lawyer in northwest China’s Shaanxi Province, cautioned that handcrafted items made for personal use are not allowed for commercial purposes.

    As “Ne Zha 2” enters international markets, Hunan Sunny & Sandy Toys Manufacturer Co., Ltd. aims to target global markets — particularly in Asia, North America and Europe.

    The film is set to be screened in various countries, including the United States, Canada, Australia, New Zealand, South Africa, Egypt, Singapore, Japan and the Republic of Korea, with premieres in Los Angeles and Sydney having received positive responses from professionals and fans alike.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Shipping fee refund plan implemented

    Source: Hong Kong Information Services

    The Marine Department today implemented its amended Merchant Shipping (Registration) (Fees and Charges) Regulations, which allow eligible ships to be awarded refunds on fees and charges under the Block Registration Incentive Scheme.

    The scheme is one of the measures set out in the Action Plan on Maritime & Port Development Strategy to support the sustainable development of Hong Kong’s maritime and port industry.

    If more than one eligible ship is registered with the Hong Kong Shipping Registry (HKSR) within 24 months, refunds of the ship registration fee and the first-year annual tonnage charge may be given for each ship.

    Moreover, each application can cover ships with different owners and may be submitted by a shipowner, ship manager or ship agent.

    Stressing that the gross tonnage of Hong Kong-registered ships ranks as the fourth largest globally and that the HKSR’s current registration fee is highly competitive, the department pointed out that some other major flag administrations have already rolled out block registration incentives.

    It said that it was therefore necessary to launch a similar scheme in Hong Kong to further strengthen the HKSR’s competitiveness and foster the city’s leading position among shipping registries globally.

    The proposed legislative amendments were published in the gazette on December 13 and tabled at the Legislative Council on December 18 for vetting.

    Click here for details of the Block Registration Incentive Scheme.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Result of Underwriting Auction conducted on February 14, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on February 14, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (paise per ₹100)
    6.64% GS 2027 7,000 3,507 3,493 7,000 0.07
    6.79% GS 2034 22,000 11,004 10,996 22,000 0.11
    7.09% GS 2074 10,000 5,019 4,981 10,000 0.18
    Auction for the sale of securities will be held on February 14, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2156

    MIL OSI Economics

  • MIL-OSI Economics: Panasonic HD becomes the first in Japan to receive approval to operate 10 small and remote-controllable mobilities simultaneously on public roads across multiple regions and begins demonstration experiments – Contributing to enhanced efficiency of robot service business

    Source: Panasonic

    Headline: Panasonic HD becomes the first in Japan to receive approval to operate 10 small and remote-controllable mobilities simultaneously on public roads across multiple regions and begins demonstration experiments – Contributing to enhanced efficiency of robot service business

    Osaka, Japan, February 6, 2025 – Panasonic Holdings Corporation (Panasonic HD) today announced that it became the first in Japan,*1 as of January 23, 2025, to receive approval to operate 10 small and remote-controllable mobilities simultaneously on public roads across multiple regions under the supervision of a single operator, and began demonstration experiments.
    Amid a chronic labor shortage in the logistics industry, the growing volume of home delivery packages driven by the expansion of the e-commerce market and the rising number of individuals facing challenges in accessing essential goods, such as food, have emerged as significant social issues. In response to these social issues, the Ministry of Economy, Trade and Industry launched a public-private council in 2019 to promote deliveries by autonomous-driving robots, initiating a comprehensive study of social implementation of robot-assisted delivery services.
    Panasonic HD has developed a robotic solution that integrates automatic delivery robots with a remote control system and is promoting the use of robots in last-mile delivery, mobile vending, information dissemination, and other business sectors, and expanding social implementation in each region.
    To address labor shortages using robots, it is crucial that a single remote operator can safely manage multiple robots simultaneously. In response to this challenge, in April 2022, Panasonic HD became the first in Japan*2 to achieve full remote operation, with a single operator simultaneously controlling four small and remote-controllable mobilities without security personnel stationed near the mobile robots. Since then, the company has continued to provide services with various partners while operating multiple robots simultaneously.
    In order to further improve service efficiency, the company has developed an AI function that assists with some of the tasks of remote operators, significantly reducing their workload and enabling each operator to manage up to 10 robots simultaneously. A total of 10 automatic delivery robots named HAKOBO will be fully remotely operated in three regions: Fujisawa City, Kanagawa Prefecture; Kadoma City, Osaka Prefecture; and Saga City, Saga Prefecture.
    In the future, Panasonic HD aims to contribute to the provision of services that enable each individual operator to simultaneously utilize multiple robots across various regions. Furthermore, HAKOBO can be used for various purposes, such as mobile vending and information dissemination, by customizing the cabin mounted at the rear, reducing robot service operating costs through the integration of multiple units, regions, and services. Enabling the operation of these robots from an office in a remote location will also help eliminate worker imbalances between regions and improve work styles.

    Panasonic HD has developed the mobility service platform X-Area and aims to create a society where anyone can work with a sense of security anytime and anywhere by leveraging mobility functions even from remote locations through AI and robotics, while utilizing the company’s mobility services to make people’s lifestyles more convenient.
    Panasonic HD will continue to offer robotic solutions that integrate HAKOBO and other automatic delivery robots with remote control systems. Through these efforts, the company aims to provide services that enhance convenience in people’s lifestyles while addressing labor shortages and improving working conditions across various operations, including last-mile delivery, product vending, security and monitoring, advertising, guidance, and other tasks.
    Some of these results have been achieved through projects supported by NEDO (New Energy and Industrial Technology Development Organization).Grant project name: Project to Construct a Basis for Research and Development of Innovative Robots/Realization of Delivery Service by Automated Delivery RobotsCommissioned project name: Third Phase of the Strategic Innovation Promotion Program (SIP) Sponsored by the Cabinet Office/Expansion of Fundamental Technologies and Development of Rules Promoting Social Implementation to Expand HCPS Human-Collaborative Robotics.
    *1: Research conducted by Panasonic as of January 23, 2025.
    *2: Research conducted by Panasonic as of April 15, 2022.

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

    MIL OSI Economics

  • MIL-OSI Economics: The 25th Meeting of ASEAN-India Joint Cooperation Committee convenes at ASEAN Headquarters/ASEAN Secretariat 

    Source: ASEAN

    The 25th Meeting of ASEAN-India Joint Cooperation Committee (AIJCC), convened today at ASEAN Headquarters/ASEAN Secretariat in Jakarta, took stock of ASEAN-India cooperation and discussed possible areas of future cooperation to further advance the ASEAN-India Comprehensive Strategic Partnership. 

    Chargé d’Affaires, a.i. of the Permanent Mission of the Philippines to ASEAN, Elizabeth Te, and Ambassador of India to ASEAN, Jayant N. Khobragade, co-chaired the Meeting. The Committee of Permanent Representatives to ASEAN and their respective delegations were in attendance along with representatives from the ASEAN Secretariat. Representative from Timor-Leste attended as observer.  

    The post The 25th Meeting of ASEAN-India Joint Cooperation Committee convenes at ASEAN Headquarters/ASEAN Secretariat  appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN meets with the Ambassador of Timor-Leste to ASEAN

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this morning welcomed the Ambassador of Timor-Leste to ASEAN, H.E. Natércia Cipriana Coelho da Silva, for a meeting at the ASEAN Headquarters/ASEAN Secretariat. The meeting discussed Timor-Leste’s membership in ASEAN, particularly the progress in the implementation of the Roadmap for Timor-Leste’s Full Membership in ASEAN. SG Dr. Kao reaffirmed the ASEAN Secretariat’s continued support and assistance to Timor-Leste in achieving the criteria outlined in the Roadmap, including through the operationalisation of the Timor-Leste Unit.

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

    MIL OSI Economics

  • MIL-OSI United Nations: 13 February 2025 Feature story Biosimilars: expanding access to essential biologic therapies

    Source: World Health Organisation

    WHO’s role in promoting biosimilars

    The World Health Organization (WHO) recognizes biosimilars as key drivers for expanding global access to essential biological medicines. Through its Essential Medicines List (EML), WHO evaluates and includes quality-assured biosimilars, endorsing them as safe, effective, and cost-effective alternatives to originator biologics​. The WHO prequalification of biosimilars builds confidence for their procurement by the United Nation (UN) agencies and countries, enhancing their availability and affordability. WHO also advocates for non-exclusive voluntary licensing to accelerate affordable biosimilar access and emphasizes the importance of regulatory harmonization, healthcare professional education, and stakeholder collaboration in promoting biosimilar use​ (3).

    Standards for biological products

    Since early 1950s’ WHO has played a pivotal role in establishing norms and standards for biological products. These standards ensure the consistent quality, safety, and efficacy of biological medicines and related in vitro biological diagnostic tests worldwide. The WHO Expert Committee on Biological Standardization (ECBS) collaborates with international scientific and professional communities, regional and national regulatory authorities, manufacturers, and expert laboratories to develop these standards based on international consensus. WHO guidelines and recommendations for biological products cover various aspects, including production, control, and regulatory preparedness. This guidance is crucial for maintaining high standards in the development and use of biological products, including biosimilars. For instance, the guidelines on the quality, safety, and efficacy of biotherapeutic products provide a framework for evaluating biosimilars at country level, ensuring they meet the same rigorous standards as their reference products. WHO also establishes International Biological Reference Materials, which serve as benchmarks for the quality and potency of biological products (i.e. WHO International Reference Standards for Biological Products). These reference materials are essential for standardizing assays and ensuring the comparability of biosimilar products across different regions and manufacturers. WHO emphasizes the importance of regulatory harmonization to facilitate the global adoption of biosimilars.

    Biosimilars in the EML: bridging the gap

    As of 2023, the WHO EML includes 81 biologic therapies, representing over 15% of all listed essential medicines. The inclusion of biosimilars on the EML helps bridge the gap in affordability and availability of these therapies. For example, following the EML recommendation and WHO prequalification of trastuzumab and rituximab biosimilars treatment costs for breast cancer and lymphoma​ have significantly reduced. Countries such as Brazil (4), India (5), and South Africa (6) have successfully expanded patient access through approved biosimilars, demonstrating the practical benefits of these inclusions.

    Evolution of biologic medicines in the EML

    WHO recognizes the importance of expanding access to essential biologic medicines globally. In 2013, bevacizumab (recommended for age-related macular degeneration, a disease of the eye) was the first monoclonal antibody added to the WHO EML, followed by trastuzumab and rituximab in 2015, both indicated against cancer.  

    Trastuzumab has revolutionized breast cancer treatment for human epidermal growth factor receptor 2 (HER2)-positive breast cancer. Since its introduction almost 25 years ago, trastuzumab has significantly improved outcomes for patients with this type of cancer. It is a monoclonal antibody that targets the HER2 protein, which is overexpressed in some breast cancers, and it has been pivotal in reducing recurrence and improving survival rates. Trastuzumab’s impact is reflected in the shift from conventional chemotherapy to targeted therapies, offering more effective and less toxic treatment options. However, with an average annual cost exceeding $20,000 USD, many LMICs faced severe budget constraints, leading to limited use of trastuzumab and poor survival rates for patients. In response, WHO prequalified the first trastuzumab biosimilar in 2019. These biosimilars, offering the same efficacy and safety at approximately 65% lower cost, had the potential to transform breast cancer treatment in LMICs.

    Since then, several trastuzumab biosimilars have been approved or are in development by various companies. These biosimilars have been launched in all WHO regions. The inclusion of these biosimilars on the EML facilitated initiatives such as the Cancer Access Partnership, led by the Clinton Health Access Initiative (CHAI) and the American Cancer Society (ACS), which included biological medicines for the first time.

    Today, equitable global access to trastuzumab biosimilars is gradually being realized. Countries like India and Brazil have swiftly integrated these biosimilars into their national healthcare systems. India, for example, has approved multiple trastuzumab biosimilars, significantly reducing treatment costs and broadening patient access nationwide. Similarly, South Africa has adopted trastuzumab biosimilars into its treatment protocols, enhancing accessibility to essential breast cancer medications for patients. Overall, trastuzumab biosimilars have received market authorization and approval in at least 65 countries, signaling a major step forward in global cancer care (7).  

    As of 2019, trastuzumab biosimilars have received market authorization and approval in over 65 countries (8).

    The 2019 inclusion of adalimumab (recommended for rheumatoid arthritis, juvenile idiopathic arthritis, ankylosing spondylitis and Crohn’s disease) further underscored WHO’s commitment to improving access and affordability through biosimilars​. Over the next few years, WHO has built on this biosimilar precedent by continuing to add further important biologic medicines to the EML and explicitly listing their quality-assured biosimilars as alternatives.

    Removing barriers to adoption

    While biosimilars have made promising inroads into the Model List, concerns have persisted regarding interchangeability and switching between reference biologics and their biosimilar versions. In 2021, after reviewing substantial evidence confirming the safety and efficacy of transitioning patients from original biologics to biosimilars, the WHO recommended that quality-assured biosimilars of listed biologic medicines should also be viewed as interchangeable and considered for national selection and procurement. This recommendation was pivotal for improving real-world access and use, positioning biosimilars as equal to their reference counterparts and affirming confidence in transitioning patients to save costs without compromising care. The committee reinforced this support by recommending the expansion of WHO prequalification to include biosimilars and advocating for their regular evaluation alongside originators (9).

    WHO recommends that quality-assured biosimilars of EML-listed biologic medicines should be viewed as interchangeable and eligible for selection and procurement at the country level for national essential medicines lists.

    Despite their potential, challenges remain in integrating biosimilars in clinical practice across countries and clinical areas. Issues such as concerns about switching between biosimilars and reference products, regulatory complexities, and educational gaps among healthcare professionals necessitate careful consideration (10).

    Current landscape of essential biologic and biosimilar medicines

    The 2023 Model List includes multiple biologics and their biosimilar alternatives across different therapeutic areas:

    Table 1: Biologic medicines and therapeutic alternatives (including quality-assured biosimilars) on the WHO Model Lists.

    Medicine Indication(s)
    Adalimumab
     
    (therapeutic alternatives: certolizumab pegol, etanercept, golimumab, infliximab)
    Ankylosing spondylitis, Crohn disease, juvenile idiopathic arthritis and rheumatoid arthritis
    Anti-rabies virus monoclonal antibodies
     
    Rabies post-exposure prophylaxis
    Asparaginase
     
    Acute lymphoblastic leukemia
    Bevacizumab
     
    Age-related macular degeneration
    Enoxaparin
     
    (therapeutic alternatives: dalteparin, nadroparin)
     
    Acute coronary syndromes
    Venous thromboembolism
    Erythorpoiesis-stimulating agents

    (therapeutic alternatives: epoetin alfa, beta, and theta, darbepoetin alfa, methoxy polyethylene glycol-epoetin beta)
     

    Anaemia of chronic renal disease
    Filgrastim Primary and secondary prophylaxis of febrile neutropenia associated with myelotoxic chemotherapy.
     
    Insulin (human)
    (soluble and intermediate-acting)
     
    Diabetes
    Long-acting Insulin analogues
     
    (therapeutic alternatives: insulin degludec, insulin detemir, insulin glargine)
     
    Diabetes
    Nivolumab
     
    (therapeutic alternative: pembrolizumab)
     
    Metastatic melanoma
    Pegaspargase
     
    Acute lymphoblastic leukemia
    Pegfilgrastim
     
    Primary and secondary prophylaxis of febrile neutropenia associated with myelotoxic chemotherapy.
     
    Rituximab
     
    Burkitt lymphoma, chronic lymphocytic leukaemia, diffuse large B-cell lymphomas, follicular lymphoma, multiple sclerosis
    Trastuzumab
     
    HER2-positive breast cancer

    Economic benefits and WHO recommendations for biosimilar medicines

    The WHO guideline on country pharmaceutical pricing policies includes a strong recommendation for promoting the use of quality-assured generic and biosimilar medicines.

    WHO recommends that countries enable early market entry of generic and biosimilar medicines through legislative and administrative measures, with a view to encouraging early submission of regulatory applications, allowing for prompt and effective review, and ensuring these products are safe, efficacious, and quality-assured (9)

    The WHO guideline also emphasizes the importance of cost-effective procurement strategies to enhance accessibility and sustainability of healthcare systems, particularly in LMICs.

    Challenges and future directions

    Despite the demonstrated benefits, several challenges remain in the broader adoption of biosimilars. Regulatory barriers, lack of awareness among healthcare professionals, and limited manufacturing capabilities in certain regions can hinder the widespread acceptance and utilization of biosimilars​. Addressing these challenges requires coordinated efforts among governments, healthcare providers, and the pharmaceutical industry to promote education, streamline regulatory processes, and invest in local manufacturing infrastructure.

    WHO continues to play a pivotal role in promoting the adoption of biosimilars through its strategic initiatives. WHO emphasizes the importance of regulatory harmonization and supports countries in building robust regulatory frameworks to ensure the quality, safety, and efficacy of biosimilars. Additionally, WHO collaborates with various stakeholders to enhance healthcare professional education and public awareness about the benefits of biosimilars, fostering a more receptive environment for their adoption​.

    References

    1. Agency EM. European Medicines Agency [Internet]. [cited 2024]. Available from: https://www.ema.europa.eu/en/human-regulatory-overview/biosimilar-medicines-overview.
    2. Calleja MA, Albanell J, Aranda E, García-Foncillas J, Feliu A, Rivera F, et al. Budget impact analysis of bevacizumab biosimilars for cancer treatment in adult patients in Spain. European Journal of Hospital Pharmacy. 2023;30(e1):e40.
    3. Burrone E, Gotham D, Gray A, de Joncheere K, Magrini N, Martei YM, et al. Patent pooling to increase access to essential medicines. Bull World Health Organ. 2019;97(8):575-7.
    4. Celltrion. Biosimilar Development [Internet]2019. [cited 2024]. Available from: https://www.biosimilardevelopment.com/doc/celltrion-announces-approval-of-herzuma-trastuzumab-pkrb-in-brazil-0001.
    5. Lopes G. American Society of Clinical Oncology (ASCO) Connection [Internet]2016. [cited 2024]. Available from: https://connection.asco.org/blogs/biosimilars-emerging-markets-india-and-russia.
    6. Pategou J. Biosimilar Development [Internet]2020. [cited 2024]. Available from: https://www.biosimilardevelopment.com/doc/africa-s-biosimilar-landscape-outlook-current-challenges-0001.
    7. CHAI and ACS announce agreement to expand Cancer Access Partnership  [press release]. 2021.
    8. Biocon. Biocon [Internet]2019. [cited 2024]. Available from: https://www.biocon.com/mylan-and-biocon-launch-first-trastuzumab-biosimilar-ogivri-in-australia/.
    9. World Health Organization. WHO guideline on country pharmaceutical pricing policies. World Health Organization; 2020. Available from: https://iris.who.int/handle/10665/335692 

    “,”datePublished”:”2025-02-13T13:00:00.0000000+00:00″,”image”:”https://www.who.int/images/default-source/wpro/vaccines.jpg?sfvrsn=89a81d7f_14″,”publisher”:{“@type”:”Organization”,”name”:”World Health Organization: WHO”,”logo”:{“@type”:”ImageObject”,”url”:”https://www.who.int/Images/SchemaOrg/schemaOrgLogo.jpg”,”width”:250,”height”:60}},”dateModified”:”2025-02-13T13:00:00.0000000+00:00″,”mainEntityOfPage”:”https://www.who.int/news/item/13-02-2025-biosimilars–expanding-access-to-essential-biologic-therapies”,”@context”:”http://schema.org”,”@type”:”NewsArticle”};
    ]]>

    MIL OSI United Nations News

  • MIL-OSI China: China-Japan venture producing automotive aluminum sheets unveiled

    Source: China State Council Information Office

    This photo taken on May 22, 2024 shows a “light-out” factory of Baosteel in east China’s Shanghai. [Photo/Xinhua]

    Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd., a Sino-Japanese joint venture specializing in automotive aluminum sheets, was officially unveiled in Shanghai on Thursday. The occasion signified strengthened collaboration between Chinese and Japanese enterprises in the automotive materials sector.

    The company, jointly established by China’s Baoshan Iron and Steel Co., Ltd. (Baosteel), Baowu Aluminum Technology Co., Ltd. and Japan’s Kobe Steel, has a registered capital of nearly 1 billion yuan (about 139.4 million U.S. dollars).

    With an equal investment from China and Japan, the joint venture will supply environmentally friendly aluminum sheets to automakers.

    As aluminum plays a crucial role in vehicle lightweighting, the rapid expansion of electric vehicle production presents a significant market opportunity. China’s demand for automotive aluminum sheets is projected to grow from 442,000 tonnes in 2024 to 657,000 tonnes by 2027.

    The company said that it aims to leverage Baosteel’s and Kobe Steel’s technological expertise, manufacturing efficiency and global market strategy to enhance the supply of high-end automotive aluminum sheets.

    Zou Jixin, chairman of Baosteel, said that the joint venture strengthens Sino-Japanese strategic cooperation, fostering complementary advantages while aligning with the industry’s shift toward green and low-carbon development.

    The unveiling of the venture follows a trend of increased foreign investment in China’s automotive sector, with Shanghai serving as an important base.

    Earlier this month, Japanese automaker Toyota Motor Corp. announced plans to build a new wholly-owned electric vehicle manufacturing plant in Shanghai. U.S. carmaker Tesla’s new Megafactory, dedicated to making energy-storage batteries known as Megapacks, began production on Tuesday in Shanghai.

    MIL OSI China News

  • MIL-OSI China: ‘Ne Zha 2’ derivatives ride blockbuster wave, eye global market

    Source: China State Council Information Office

    This photo taken on Feb. 13, 2025 shows a poster for the Chinese animated film “Ne Zha 2” at a cinema in Chaoyang District of Beijing, capital of China. [Photo/Xinhua]

    Fans of record-breaking blockbuster Chinese movie “Ne Zha 2” are making significant waves in the derivatives market, clearing out retailer inventories and even creating DIY character-shaped dolls and food items.

    Since the film’s debut on the first day of the Chinese New Year, which was Jan. 29 this year, sales of its collectibles, ranging from mystery toy boxes and cards to fridge magnets and badges, have reportedly topped 50 million yuan (about 6.97 million U.S. dollars) on Taobao, a leading e-commerce platform in China.

    This sequel to the 2019 hit “Ne Zha,” with inspirations derived from Chinese mythological tales, has already drawn over 200 million cinema-goers, the highest number in the country’s film history.

    The film became an instant holiday box office hit thanks to its contemporary re-imagination of Ne Zha, a well-known mythical figure with extraordinary powers, and via its intriguing plot twists. As of Wednesday, it had grossed over 9 billion yuan, igniting high public enthusiasm for its collectibles.

    Customers inquiring about toys featuring characters from the film are often left disappointed at stores across China. A salesperson at a trendy toy store in downtown Nanjing in east China’s Jiangsu Province said even display samples were sold out. “We expect to restock items like laser cards later.”

    Notably, Hunan Sunny & Sandy Toys Manufacturer Co. Ltd., the film’s sole licensed manufacturer of 3D food-grade plastic toys in China, reported sales of over 450,000 mystery toy box sets through live-streaming in just 11 days — ranking first in terms of the sales of board-game merchandise on the video platform. In addition, more than 10 million of these sets have been sold through offline partnerships.

    Yang Zhenlin, assistant to the company’s chairman, said their factory workshops had to resume operations ahead of schedule after the Spring Festival holiday, with their hundreds of staff members working tirelessly to replenish inventory. “We had great confidence in the film even before its release, so we promptly secured the copyright,” Yang told Xinhua.

    This week, on e-commerce platforms, some stores have gradually restored supplies. Businesses in the second-hand market have remained brisk.

    Fans have also discovered that the gold bracelets they had purchased after the first Ne Zha film came out in 2019, with designs inspired by the “universe ring” on Ne Zha’s arm, have tripled in value on the second-hand market, thanks to both the success of “Ne Zha 2” and a higher gold price.

    Some fans have gone so far as to make their own versions of it, using wood, plasticine, flour and even thread. Coinciding with the Lantern Festival on Feb. 12, netizens shared creative improvisations of Ne Zha-shaped glutinous rice dumplings, a festive food.

    Miao Lingyi, a 10-year-old girl living in east China’s Shanghai, expressed her admiration for the character Ao Bing, the son of the Dragon King, stating her desire to use her pocket money to buy a collectible featuring him. “I really love the character and I don’t mind waiting a while for the collectible,” she said.

    According to experts, the film’s huge success stemming from its captivating plot and stunning special effects, has evoked emotional attachment and resonance with characters among its audiences, while some related products feature limited edition designs — thereby enhancing their value as collectibles and stimulating consumer purchasing enthusiasm.

    Ye Guofu, founder of MINISO, a Chinese retailer known for its fashionable but affordable household products, said that Chinese consumers’ growing focus on emotional value attached to commodities, particularly among the younger generations, is expected to further drive the consumption of IP-featured products, such as those related to domestic animated films and games.

    With this lucrative market rapidly expanding, experts have stressed the importance of both IP innovation and product quality, while warning against risks of market irregularities and intellectual property rights violations.

    Law professor Zheng Ning with Communication University of China suggested that market regulators strengthen oversight to combat potential price gouging and the sale of substandard products — thereby ensuring a more orderly market environment.

    Zhao Liangshan, a lawyer in northwest China’s Shaanxi Province, cautioned that handcrafted items made for personal use are not allowed for commercial purposes.

    As “Ne Zha 2” enters international markets, Hunan Sunny & Sandy Toys Manufacturer Co., Ltd. aims to target global markets — particularly in Asia, North America and Europe.

    The film is set to be screened in various countries, including the United States, Canada, Australia, New Zealand, South Africa, Egypt, Singapore, Japan and the Republic of Korea, with premieres in Los Angeles and Sydney having received positive responses from professionals and fans alike.

    MIL OSI China News

  • MIL-OSI Economics: Money Market Operations as on February 13, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,60,389.95 6.32 5.15-6.58
         I. Call Money 17,096.91 6.34 5.15-6.50
         II. Triparty Repo 3,75,991.85 6.31 6.24-6.50
         III. Market Repo 1,65,791.99 6.35 6.00-6.58
         IV. Repo in Corporate Bond 1,509.20 6.47 6.45-6.50
    B. Term Segment      
         I. Notice Money** 301.80 6.36 5.90-6.40
         II. Term Money@@ 620.00 6.40-7.95
         III. Triparty Repo 187.00 6.38 6.25-6.40
         IV. Market Repo 782.66 6.60 6.50-6.65
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 13/02/2025 1 Fri, 14/02/2025 2,35,619.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 13/02/2025 1 Fri, 14/02/2025 1,988.00 6.50
    4. SDFΔ# Thu, 13/02/2025 1 Fri, 14/02/2025 54,539.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       1,83,068.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,756.81  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     58,766.81  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,41,834.81  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 13, 2025 9,06,851.56  
         (ii) Average daily cash reserve requirement for the fortnight ending February 21, 2025 9,12,240.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ February 13, 2025 1,43,346.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 24, 2025 -34,103.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2013 dated January 27, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2155

    MIL OSI Economics

  • MIL-OSI China: Lantern festival illuminates Auckland for Chinese New Year celebration

    Source: China State Council Information Office 3

    The Auckland Lantern Festival returned on Thursday with a dazzling display of over 500 handmade lanterns, celebrating the Chinese New Year and welcoming the Year of the Snake.

    This year’s festival, which runs for four days, is expected to attract an estimated 110,000 visitors from across the region.

    A highlight of the festival is the magnificent handmade snake lantern, which will be prominently displayed beside the main stage. This lantern, along with zodiac lanterns commissioned especially for the Auckland Lantern Festival from previous years, including the Year of the Dragon (2024), Year of the Rabbit (2023), Year of the Tiger (2022), Year of the Ox (2021), and Year of the Rat (2020), adds a touch of tradition and continuity to the celebrations.

    The opening ceremony on Thursday was a vibrant spectacle featuring traditional lion and dragon dances and firecrackers. The crowd gasped in awe as the fire-breathing machine sent flames into the night sky, adding excitement to the auspicious celebration.

    In addition to the stunning lantern displays, the festival offers a variety of traditional and contemporary performances, street food, and activities for the whole family. Over 60 food stalls offer delicious cuisine from various cultures. From lamb skewers to sausages, bubble tea to sugar-coated fruits, dumplings to pork buns, even the pickiest gourmets indulge themselves with all the delicacies. Visitors can also explore 26 retail stalls selling colorful lanterns and souvenirs, ensuring there is something for everyone.

    Auckland resident Rana Toma and her two children have attended the Auckland Lantern Festival every year. Her 9-year-old daughter Ella was fascinated with the performances, particularly the Chinese cultural dances. “Ella loves it and is thinking about learning Chinese because she likes the culture so much,” said Toma.

    A cultural courtyard allows attendees to hire traditional Chinese clothing and appreciate traditional and contemporary art. An outdoor movie screening is available for those looking to relax, adding to the festive atmosphere. The main stage hosts culture and festive performances catering to all ages, ensuring entertainment for both young and old.

    As part of the celebrations, local light provider Vector Lights presents a dazzling Year of the Snake-inspired animated light show on the Auckland Harbour Bridge at the same time. The light shows will run every 15 minutes between 9 p.m. and midnight.

    This year, the organizer, Tataki Auckland Unlimited, an Auckland Council-controlled organization, introduced free ticketing for the first time. Every ticket includes free public travel for visitors.

    Chief Executive Nick Hill says, “This year’s BNZ Auckland Lantern Festival is set to be one of the best yet. I encourage everyone to get their tickets, take advantage of the free transport options and enjoy the many lanterns, performances and whanau activities at what will be a spectacular event for the region.”

    The first Auckland Lantern Festival was delivered in 2000 by the Asia New Zealand Foundation in partnership with then Auckland City Council at Albert Park. The event has since grown to be the largest cultural festival in the region, taking place over four days. 

    MIL OSI China News

  • MIL-OSI China: China, Britain need to strengthen dialogue, communication

    Source: China State Council Information Office

    Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, co-chairs the 10th China-UK Strategic Dialogue with British Foreign Secretary David Lammy in London, Britain, on Feb. 13, 2025. [Photo/Chinese Ministry of Foreign Affairs]

    China and Britain need to strengthen dialogue and communication, said visiting Chinese Foreign Minister Wang Yi in London on Thursday when he co-chaired the 10th China-UK Strategic Dialogue with British Foreign Secretary David Lammy.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said China and Britain are different in system, history and culture, so it is only natural that there are some differences and disagreements.

    What is important is to establish an objective and rational understanding, and strengthen dialogue and communication in the spirit of mutual respect, he said.

    China regards Britain as an important strategic partner, stands ready to make good plans for high-level exchanges in the next stage, and deepen practical cooperation in various fields to promote a fresh outlook in bilateral relations in the new year, wang noted.

    China and Britain are both permanent members of the United Nations Security Council. Under the current circumstances, China and Britain should showcase their responsibility as major countries, practice multilateralism, support free trade, promote political settlement of hotspot issues, and jointly promote world peace and stability, he said.

    Wang also elaborated on China’s position on issues related to Taiwan, Hong Kong, and others.

    The two sides exchanged in-depth views on the Ukraine crisis. Wang explained China’s position in a comprehensive manner, stressing that China has always been guided by “the four points about what must be done” put forward by President Xi Jinping, and called for “no expansion of the battlefields, no escalation of hostilities, and no fanning flames.”

    Wang said China welcomes all efforts committed to peace talks and supports the building of a balanced, effective and sustainable European security architecture, to ultimately realize long-term peace and stability in Europe. He added China is willing to work with all parties, including the European side, to continue to play a constructive role in this regard.

    MIL OSI China News

  • MIL-OSI United Nations: Peace by chocolate: One Syrian refugee family’s journey to sweet success

    Source: United Nations 2

    “War can kill anything in a person, but it cannot kill values ​​and hope. Syrians are a naturally happy people, and we aspire to live in a spirit of giving, generosity and hospitality.”

    Just desserts

    With these words, Tareq Hadhad described to UN News the difficult journey his family took from the Syrian capital to the remote Canadian city of Antigonish.

    The Hadhads are a long-established Damascene family and from it came judges, engineers and doctors for generations. But, what they are best known for is chocolate, a legacy that Mr. Hadhad’s father, Issam, built in 1986.

    That year, the senior Mr. Hadhad decided to leave mechanical engineering and start making chocolate despite the fact that there were only a few well-known companies in the Middle East in that field at the time.

    Chocolate for good

    The younger Mr. Hadhad said his father wanted to be in a field that made people around him happy as frustration prevailed among Syria’s youth after the events of 1982, when the Hafez al Assad regime committed the Hama massacre.

    Founded “from scratch”, the company grew to employ hundreds of people.

    In 2008, it began exporting to several countries in the Middle East and Europe in line the senior Mr. Hadhad’s aspiration: to “deliver the message of the Syrians all over the world” through a universal product that everyone knew and loved, his son explained, adding that the goal was not only to increase sales, but to embark on several development and relief projects in Syria.

    “My father believed that if you are successful in your life, you have a responsibility to raise others to success,” Mr. Hadhad said.

    Peace by Chocolate

    Isam Hadhad makes chocolate in the factory.

    Time for survival

    Before 2013, the entire family of more than 60 people lived in one building chockful of memories just south of the Al-Midan area in old Damascus, standing their ground for two years after the war began.

    “I lost many members of my family,” Mr. Hadhad said. “My sister’s husband was arrested, tortured and then killed in prison. Many of my cousins ​​ disappeared, some of whom we still know nothing about and some of whom were summarily executed.”

    The chocolate factory was targeted in airstrike in 2012 and the following year, as Mr. Hadhad and his brother were walking in a street in downtown Damascus, a missile fell nearby.

    “Amid the dust, I thought my brother was dead,” he said. “I picked him up and ran home. When I got there, I told the family this is not the time to build a business or study. This is a time for survival.”

    ‘We are not victims’

    The family made the excruciating decision to seek refuge in Lebanon, leaving everything behind. The following year, they learned that the regime’s forces had “looted their homes, burned them down and bombed them to cover up the crime”.

    “There are many Syrians who have lost much more than us,” Mr. Hadhad said. “We are not victims. We are victors regardless of the outcome because we were able to survive the war with our lives and start our lives again.”

    The family registered with the UN refugee agency, UNHCR, and moved many times in Lebanon until they settled in the city of Sidon. While Mr. Hadhad said the Lebanese people were very hospitable to the Syrians, because no official agreements had been signed, they could not work, rent homes or go to school.

    Refugees giving back

    Lebanon, as a country of four to five million people at the time, received more than a million Syrian refugees in a very short period of time.

    “That’s equivalent to 10 to 15 million American refugees entering Canada in a year or two,” he said. “Of course, the country wouldn’t be able bear that burden. But, Lebanon absorbed that burden over 13 years.”

    Indeed, the burden of the war wasn’t just on Syria and the Syrian people, but on the peoples of the entire region, including the Jordanians, Lebanese, Turkish and Iraqis.

    However, the Hadhad family was determined “at every stage of our refugee story to prove to the world that we can give to the host community and not take”.

    For his part, Mr. Hadhad spent most of his days in Lebanon volunteering with several relief organizations, including the World Health Organization (WHO) and UNHCR, providing his expertise in healthcare to both Syrian refugees and their Lebanese hosts alike, having reached the final stages of his medical studies before leaving Syria.

    Canada bound

    The family’s goal was to return to Syria, but when that seemed like a distant dream and their fears grew for the future of the young children who had missed years of education, they began applying for resettlement in other countries.

    In 2015, despite many interviews at embassies from around the world, not a single one would accept them, Mr. Hadhad said.

    “Late that year, things changed,” he said. “The new Canadian Government had pledged to receive about 25,000 Syrian refugees, and my family was one of them.”

    Peace by Chocolate

    The Hadhad family celebrating Canada Day.

    UN intervention

    The UN was the turning point in the Hadhad family’s story. Without being identified as refugees by the UNHCR, they would not have been able to even apply for resettlement in Canada.

    The Canadian embassy conducts cross-checks through the UNHCR, and the International Organization for Migration (IOM) also played a key role in their resettlement process.

    But, the major credit goes to Canadians themselves. The tragic drowning of toddler Alan Kurdi and his family in the summer of 2015 while trying to reach Europe had spread throughout the globe, the cause of Syrian refugees became a global cause.

    Canadian hospitality, one family at a time

    Community leaders in Antigonish, Nova Scotia, home to 5,000 residents and 5,000 students at St. Francis Xavier University, raised enough money to host one Syrian family that matched the Hadhads, and so they sponsored them without knowing their names, the way they looked or even their backgrounds.

    “The community in Antigonish are pioneers in their DNA, and when they saw they could make a difference, they started the process of registering an organization called SAFE (Syrian Antigonish Families Embrace),” Mr. Hadhad said.

    “I don’t know how people who are almost 8,000km away from Syria or Lebanon could be so concerned with our ability to restart our lives and to see my siblings and my sister Alaa’s children go to school. I did not expect that there would be human beings among us on this planet with such a spirit of giving because we lived through wars and saw how people kill each other.”

    He said he came to Antigonish, on the eastern coast of Canada, because of them and because they believed that he, as a person, had the same values, dignity, respect, rights and freedoms that apply to anyone in Canada.

    One peace won’t hurt

    This act left a huge mark on him and prompted the family to do everything in their power to give back to the Canadian community “that believed in us and our humanity and tried to support us in every way”, he said.

    “This community restored our faith in humanity. Regardless of the colour of your skin, your religion or where you were born, you are qualified to be a human being.”

    It was also the community “that gave us the idea of ​peace with its kindness and generosity that match our values”, he added.

    Peace by Chocolate

    The original factory shed built by members of the community and located on the family’s property next to their home.

    ‘Peace by Chocolate’

    To prove that nothing is impossible with hope, the family spotted a niche job opportunity to build on the legacy they were forced to leave behind in Syria. While it took decades to register their chocolate company in Syria due to government corruption, it took only a few weeks in Canada.

    From there, the road to success began on all levels.

    “Our project did not start for a purely economic reason, nor did it start for a purely humanitarian purpose; it combined the two,” Mr. Hadhad said.

    “That is why we named it Peace by Chocolate. Many companies around the world aim to make profits, but our goal was to support the community and at the same time to try to grow the company to become one of the largest companies in Canada.”

    ‘Canadians pull together’

    A few months after the opening of Peace by Chocolate in 2016, wildfires swept through Fort McMurray in Alberta in Canada’s mid-west. The Hadhads were watching the news as Canadians lost everything as their homes burned down, forcing them to seek refuge at Canadian Red Cross shelters.

    “Canadians always pull together, so we felt a responsibility to give back to the people who welcomed us with such warmth and kindness,” Mr Hadhad said, explaining that they launched a fundraising campaign, donating profits from Peace for Chocolate to help aid organizations.

    In September of that year, at the UN Leaders’ Summit on Refugees in New York, Canadian Prime Minister Justin Trudeau highlighted the Hadhad’s story and their contribution to the relief efforts in their new country just months after their arrival.

    Kindness pays off

    Since then, the Hadhad’s company has raised more than $655,000 to support relief projects for across Canada alongside 11 partnership agreements with such organizations as the Canadian Red Cross.

    “Thanks to the support of the Antigonish community and the country as a whole, we have been able to grow our company and have paid tens of millions in taxes to back into the Canadian economy,” Mr. Hadhad said.

    “Kindness pays off, and the best investment you can make is to be kind to others.”

    Peace by Chocolate is now the third largest employer in Antigonish, home to the company headquarters and factory. With the senior Mr. Hadhad as president and his son, Tareq, the CEO, the company has a branch in Halifax, the provincial capital, and its products are sold in more than a thousand stores across Canada.

    Mr. Hadhad said the Peace by Chocolate website has become the largest e-commerce platform in Canada’s Atlantic region, and it aspires to become the largest chocolate exporter in the country and to open branches in the United States, Japan and the Middle East.

    Peace by Chocolate

    Tareq and his father Isam meet Prime Minister Justin Trudeau for the first time.

    Refugee to employer

    Despite the major differences that separate the family from their new community, what brought them together was “much stronger”, and they never felt like outcasts at any time or that they are obstacles to becoming part of that community.

    Mr. Hadhad said any successful refugee or migration story has two sides. There is, of course, a major role for the host community to play, but “the main responsibility lies primarily with the migrant or refugee”.

    “No one is going to knock on your door and ask about your story or your ambitions for the future. The first step always comes from the migrant or refugee themselves to tell their story,” he said.

    That is exactly what he did. He spoke with the local newspaper shortly after arriving and made the front page. The word spread. The Canadian Broadcasting Corporation (CBC) sent a correspondent to visit the Hadhad’s every month to follow up on their integration.

    A sense of belonging

    In addition to the warm welcome from Canadians themselves, stability was a major factor in the family’s integration, with the Hadhads granted permanent residency upon arrival.

    In many countries, as a refugee, “you can’t think beyond an hour, a week or a month because your situation is always temporary,” Mr. Hadhad explained.

    “What Canada also gave us was ambition for sustainability,” he said. “You can think 10 or 20 years into the future or even for the rest of your life. You can build projects and plan. Canada gave us a sense of belonging and citizenship even before we became Canadian citizens.”

    He said he has the utmost respect for “the Canadian brand” and what it stands for.

    “Regardless of what politicians, individuals or economists do, I am proud to belong to this great country and to be a Canadian citizen today.”

    UNHCR/Darren Calabrese

    Tareq Haddad with his family and friends in Halifax, Nova Scotia, for his citizenship ceremony in January 2020.

    ‘More than a miracle’

    After more than 13 years of war, destruction and displacement, Mr. Hadhad described the fall of the Bashar al Assad regime as “more than a miracle” as many Syrians had lost hope of getting rid of the oppressive regime that had terrorised the country for more than 50 years.

    The future of Syria seems “very bright” to him, thanks to the efforts of its heroic people who refused to leave Syria and those who sought refuge in other communities around the world and built strong relationships there, he said.

    “My city, Damascus, is the oldest city in the world. It has survived much greater disasters than what happened to it in the past 50 years,” he said. “God willing, we are on the road to recovery, and I have a strong belief that the Syrian people will overcome all the difficulties of the war and build a country that we can all be proud of.”

    After 12 years in exile, he is now looking forward to visiting the country soon to meet those loved ones he left behind, including one of his sisters.

    Pride and duty to the homeland

    Supporting the Canadian community was a duty to pay back those that embraced the Hadhads in their hour of need, and now the family is focusing on its moral obligation to help their homeland.

    From working on licensing in the Middle East to be closer to collecting donations through Peace by Chocolate sales, the Hadhads aim to support relief organizations and those helping Syrian refugees return home. Efforts are also underway to connect the Syrian-Canadian community by presenting models of projects in Syria that it can support.

    “It is an honour for us to contribute to rebuilding it again and to support our Syrian people,” Mr. Hadhad said.

    Peace by Chocolate

    The Hadhad family and many supporters join them in the opening of their factory in Antigonish in 2017.

    Creating a happy ending

    In a message to people facing hardship and forced expulsion, Mr. Hadhad stressed that “believing in values, in oneself and in a bright future is very important, but what is more important is fighting despair in all its forms”.

    “I advise anyone anywhere around the world looking for an opportunity – if you don’t find it, create it yourself,” he said.

    “As long as we are able to continue our lives, we are able to create new opportunities for ourselves and our new communities. We must not forget to give back to the countries that opened their doors to us, and at the same time be proud of where we came from, because we are ultimately ambassadors for our culture, our countries, and our values.”

    Mr. Hadhad cited author Mary Robinson: “nobody can go back and start a new beginning, but anyone can start today and make a new ending.”

    MIL OSI United Nations News