Category: Business

  • MIL-OSI: MEXC Launches DEX+: One-Stop Platform For Seamless On-Chain and Off-Chain Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 19, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced the launch of DEX+, the market’s first innovative CEX and DEX hybrid product that provides a seamless, one-stop experience for both on-chain and off-chain trading. This development marks a significant milestone in the evolution of hybrid crypto trading platforms. DEX+ allows users to trade directly on decentralized exchanges (DEXs) through the MEXC app and website, offering access to a wide range of on-chain assets. The initial version of DEX+ will support the Solana ecosystem, enabling users to trade over 10,000 tokens available on Raydium and pump.fun, with future expansion to additional DEXs and blockchain networks, with support for the BSC chain launching on March 26, allowing users to trade trending assets on BSC soon.

    DEX+ stands out by addressing many of the common pain points faced by users on traditional DEX platforms. Conventional DEX interfaces require users to navigate multi-step interactions with complex on-chain processes such as token approvals, transaction signings, and cryptocurrency swaps. MEXC’s DEX+ simplifies this process entirely. Users can transfer funds directly into their DEX+ account and execute buy and sell orders without dealing with intricate on-chain operations. This approach makes decentralized trading more accessible, especially for new crypto users.

    “MEXC’s DEX+ bridges the gap between centralized efficiency and decentralized freedom. Despite the growing popularity of DEXs, the lack of user-friendly interfaces and high transaction fees remain a significant hindrance to widespread adoption. Through DEX+, MEXC aims to solve these issues by providing a familiar, CEX-like trading experience while retaining the benefits of accessing on-chain assets. Users can seamlessly switch between centralized exchange and DEX+ features,” said Tracy Jin, COO of MEXC.

    MEXC is dedicated to offering a diverse range of accessible assets through its listing strategy and innovative products, all while ensuring top-tier security for its users. MEXC delivers comprehensive custodial wallet management for DEX+ users, ensuring security at an institutional level. Additionally, the platform offers Proof of Reserves, ensuring asset integrity and exceptional transparency. Users’ assets are backed 1:1, and customer fund compensation requirements are fully covered. This dual-layer protection ensures unmatched security for user assets.

    Furthermore, MEXC announced its collaboration with GoPlus, an independent third-party security provider that inspects the safety of all trading pairs listed on the platform. This added measure boosts user confidence and transparency, allowing them to trade with greater assurance and peace of mind.

    Moving forward, MEXC’s DEX+ is expected to play a pivotal role in the continued growth of DeFi and DEX ecosystems. As more users transition toward decentralized trading platforms, integrating CEX and DEX models will become increasingly important. With DEX+, MEXC strives to stand at the forefront of this innovative trend.

    To celebrate the successful launch of DEX+, MEXC is pleased to announce its incentive program: new users completing trades of 100 USDT or more on the DEX+ platform will be eligible to receive a 20 USDT reward. For more details, please visit: https://www.mexc.com/dex-rewards.

    About MEXC

    Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto.” Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 34 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

    For more information, visit: MEXC WebsiteXTelegramHow to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a38849c-6875-4997-9c07-705dcab201f4

    The MIL Network

  • MIL-OSI Asia-Pac: President Lai meets Arizona Governor Katie Hobbs  

    Source: Republic of China Taiwan

    Details
    2025-03-18
    President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis
    On the afternoon of March 18, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Denzil Douglas of the Federation of Saint Christopher and Nevis. In remarks, President Lai thanked St. Kitts and Nevis for speaking up for Taiwan at major international venues and supporting Taiwan’s international participation. The president expressed hope that our two countries continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability, and create even greater well-being for our peoples. A translation of President Lai’s remarks follows: I welcome Minister Douglas and our esteemed guests to Taiwan. Last June, Minister Douglas accompanied Prime Minister Terrance Drew and his wife on their trip to Taiwan. I am delighted to be able to meet and exchange views with Minister Douglas again less than one year later. Your presence fully demonstrates the profound bond between Taiwan and St. Kitts and Nevis. I look forward to the further deepening of our partnership through our exchanges during this visit. Although our two nations are separated by a great distance, we share such universal values as democracy, freedom, and respect for human rights. We also continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability. Given that Prime Minister Drew, Minister Douglas, and I all share medical backgrounds, we deeply understand the importance of people’s health. I thus look forward to St. Kitts and Nevis’s climate-smart JNF General Hospital commencing operations as soon as possible thanks to our cooperation. The provision of even higher-quality public health and medical services will yield benefits for many more people. I also believe that by having Taiwan share its experiences in renewable energy and energy-saving technologies, our two countries will jointly drive green industrial transformation and stimulate sustainable development together. I would like to take this opportunity to thank St. Kitts and Nevis for actively speaking up for Taiwan and supporting Taiwan’s participation at such major international venues and organizations as the United Nations General Assembly, the World Health Organization, and the International Civil Aviation Organization. In the future, Taiwan will continue to make critical contributions to the international community. With the support of Minister Douglas and our guests, I look forward to our two countries backing each other on the global stage and continuing to build an even stronger foundation for bilateral cooperation. Let us work together to address the various challenges we face and create even greater well-being for our peoples. Minister Douglas then delivered remarks, first conveying greetings from Prime Minister Drew to President Lai, the government, and the people of Taiwan. He then stated that over the last 41 years since the dawn of their nationhood, the Republic of China Taiwan has steadfastly walked beside St. Kitts and Nevis as a strong and immovable partner. As we reflect on four decades of our journey together, he said, we recognize the unswerving and unwavering spirit that has guided both our nations through trials and challenges. The minister then acknowledged the generous support of Taiwan’s government that has helped St. Kitts and Nevis in its own economic and social development. He went on to say that Taiwan’s partnership with St. Kitts and Nevis has been instrumental in helping them achieve the goals of their sustainable island state agenda. Whether in enhancing food security through the diversification of their agricultural sector, fostering clean energy solutions through the solar PV farm, or advancing healthcare through assistance in building their smart hospital, he said, Taiwan has been a steadfast partner in shaping a much more resilient and sustainable future for the people of their federation. In the spirit of reciprocity and solidarity, Minister Douglas said, St. Kitts and Nevis continues to leverage opportunities on the global stage to request incessantly that Taiwan be given its rightful place in international organizations, where it can make a meaningful contribution to resolving the world’s most critical issues. Minister Douglas indicated that the global challenges we face today demand collective action, and that Taiwan has the innovation, the technology, the knowledge, and the expertise to make a tremendous positive impact on some of the world’s most urgent issues. He said that St. Kitts and Nevis will never grow weary in their own support, but shall continue to sound the clarion call of “let Taiwan in,” as well as advocate for peace to be maintained in the Taiwan Strait. To close, Minister Douglas expressed gratitude for the warm hospitality bestowed upon him and his delegation by Taiwan’s government, remarking that the engagements they had thus far were pregnant with promise, and that they are confident in witnessing a fruitful outcome as we work together to build a prosperous and sustainable future for our peoples. The delegation also included Permanent Secretary in the Ministry of Foreign Affairs Kaye Bass, Permanent Secretary of Economic Development and Investment Adina Richards, and Director in the Ministry of International Trade Sean Lawrence. The delegation was accompanied to the Presidential Office by St. Kitts and Nevis Ambassador Donya L. Francis.

    Details
    2025-03-18
    President Lai meets 2025 Yushan Forum participants
    On the afternoon of March 18, President Lai Ching-te met with participants in the 2025 Yushan Forum. In remarks, President Lai thanked the guests for gathering here in Taiwan and discussing ways to enhance regional cooperation, demonstrating that our democratic allies and friends are standing together as we take on the challenges of a new world and a new era. The president reiterated that Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. He stated that Taiwan will continue to work with international partners to deepen cooperation, exchanges, and partnership in various domains and resist the expansion of authoritarianism. Together, the president emphasized, we can pursue regional peace and security and realize a new vision for a free and open, stable and prosperous Indo-Pacific. A translation of President Lai’s remarks follows: I would like to begin by thanking Anders Fogh Rasmussen, former prime minister of Denmark and chairman of the Alliance of Democracies Foundation, for inviting then-President Tsai Ing-wen to address the Copenhagen Democracy Summit via video over five consecutive years since 2020, and for inviting myself to give remarks via video last year. Those opportunities allowed Taiwan to share with the world our motivation for, and our work toward, safeguarding freedom and democracy. I would also like to thank Mr. Janez Janša, former prime minister of the Republic of Slovenia, who has visited Taiwan many times already, for actively elevating the cordial ties between Taiwan and Slovenia during his term as prime minister, helping expand friendship for Taiwan throughout Europe. Today’s guests have traveled a long way to show their strong backing for Taiwan. For this, I express my deepest gratitude. Yesterday was my first time attending the Yushan Forum as president. I saw political leaders and representatives gather here in Taiwan and discuss ways to enhance regional cooperation. The event demonstrated that our democratic allies and friends are standing together as we take on the challenges of a new world and a new era. It was truly moving. As I stated at the opening ceremony, Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. Our government will help guide Taiwanese small- and medium-sized enterprises as they expand into the international market and extend Taiwan’s economic power. I hope that during this visit, our guests will be able to explore more opportunities for cooperation in such fields as AI, smart healthcare, and advanced technologies, and join hands in contributing to the prosperity and development of our democratic allies and friends. Taiwan will continue to work with international partners, building upon the shared values of freedom and democracy, to deepen cooperation, exchanges, and partnership in various domains and resist the expansion of authoritarianism. Together, we can pursue regional peace and security and realize a new vision for a free and open, stable and prosperous Indo-Pacific. And I hope, with the assistance of our guests here today, that we can further strengthen the ties between Taiwan and Europe so that we can all take up the work of maintaining global peace and stability. Once again, I welcome our guests to Taiwan. I look forward to hearing your thoughts in a few moments. I also hope you will visit Taiwan often in the future and continue to experience our vibrant democratic society and culture. Chairman Rasmussen then delivered remarks, saying that it is a great pleasure to be back here in Taipei after meeting with President Lai in 2023. He then thanked President Lai for the Taiwanese hospitality on behalf of the Yushan Forum international visitors and participants, who represent four continents and very different political parties but who are united by one thing – the commitment to democracy. Chairman Rasmussen mentioned that over the past few days, they have met with members of the government, legislature, and civil society in Taiwan. He said that he is more convinced than ever that in a very uncertain world, Taiwan continues to stand as a beacon of democracy, from which people in Europe and in the rest of the world have a lot to learn. Over the past eight years, he has been proud to step up his engagement with Taiwan, he said, as he has always subscribed to the view that freedom must advance everywhere, or else it is in decline everywhere. Chairman Rasmussen noted that they have many interests in making sure Taiwan remains free and that we must always stand up for freedom when it is under assault by a dictator. This is why Ukraine’s fight is also everyone’s fight, he explained. He then praised Taiwan for all of the support it has given to Ukraine since Russia’s invasion and honored the two Taiwanese volunteer soldiers who gave their lives for freedom in Ukraine. Chairman Rasmussen remarked that Taiwan is a strong feature of the Copenhagen Democracy Summit that he convenes each year. His foundation, the Alliance of Democracies, has even been sanctioned by the Chinese government due to its support of Taiwan, he said, which is something he takes as a badge of honor. He added that this year’s Copenhagen Democracy Summit in May will be no different, as they plan to focus on the new world order, urgent measures to strengthen Europe’s military, and the situation in Ukraine. But as the United States pulls back from the transatlantic alliance and Europe focuses more on its own defense, he said, Europe should not retreat from the world. He added that to ensure European security, we need more Europe in the Indo-Pacific, and that is why he has been making the argument for more political and economic cooperation with Taiwan. Chairman Rasmussen praised President Lai’s recent decision to increase Taiwan’s national defense budget to more than 3 percent of GDP, adding that it is important that each nation does what it can for its own defense. The chairman once again thanked President Lai for meeting with them today and for the opportunity to visit Taiwan, a beacon of democracy and liberty in Asia. Also in attendance at the meeting were Chairman of the Czech Senate Committee on Foreign Affairs, Defence and Security Pavel Fischer; Member of the National Security Advisory Board to India’s National Security Council Anshuman Tripathi; former Minister of Foreign Affairs of Poland Anna Fotyga; former Minister of Health of Canada Tony Clement; and former Vice-Minister of Foreign Affairs of the Republic of Lithuania and current Secretary General of the Polish-based Community of Democracies Mantas Adomėnas.

    Details
    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

    MIL OSI Asia Pacific News

  • MIL-OSI: Lantronix Expands Partnership With TD SYNNEX to Distribute Its Out-of-Band, Network Infrastructure and Industrial IoT Solutions Throughout Europe

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., March 19, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it has expanded its partnership with TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem. An established major distributor for Lantronix in North America, TD SYNNEX will now distribute Lantronix’s out-of-band, network infrastructure and Industrial Internet of Things (IIoT) throughout Europe, bringing expanded support to Lantronix’s global customers and channel partners.

    “Designed to increase Lantronix’s market presence in Europe, the expanded relationship with TD SYNNEX provides our mutual customers and channel partners with local-market access to Lantronix’s advanced out-of-band, network infrastructure and industrial IoT solutions,” said Kurt Hoff, VP of Global Sales & Marketing at Lantronix. “We are very excited about the anticipated market growth from this expanded partnership as our solutions are an excellent fit with TD SYNNEX’s specialized AI, IoT and Integration/Automation go-to-market.”

    “We are delighted to expand our partnership with market leader Lantronix. Backed by the proven success of our long-term relationship in North America, this expanded relationship brings the benefits of Lantronix’s proven products to our European customers and channel partners with the added benefit of a single-source distributor for our mutual global customers,” said Craig Smith, VP of Data, AI and Business Applications at TD SYNNEX.

    About TD SYNNEX

    TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We’re an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX’s 23,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 2,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, AI, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.tdsynnex.com.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Lantronix Media Contact:
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:
    investors@lantronix.com

    The MIL Network

  • MIL-OSI: Net Asset Value, Review Update and Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    Octopus Titan VCT plc

    Net Asset Value, Review Update and Dividend Declaration

    The Board of Octopus Titan VCT plc (‘Titan’ or ‘the Company’) has reviewed the portfolio and announces that as at 31 December 2024, the unaudited net asset value (‘NAV’) of the Company was 50.5 pence per share.

    Performance update

    While the Board, and Octopus Investments Limited, the Company’s portfolio manager (the ‘Portfolio Manager’), understand that investors will find this decline in NAV disappointing, Titan’s portfolio companies continue to adapt to the challenging macroeconomic environment, and many are showing good growth.

    The driver of the decrease in NAV has been due to a handful of Titan’s holdings, such as Pelago, that while still growing, have underperformed the high expectations set at their last growth funding round, and so have seen their valuation decline.

    As at 31 December 2024, Titan held £184m in cash and cash equivalents. It is worth noting, that the portfolio is well funded and six of the seven largest holdings in Titan expect that they will not require further capital to reach profitability. More broadly, around 60% of the Titan’s portfolio by NAV are either profitable or have cash runway beyond July 2026.  This underscores the stability that Titan is reaching across the portfolio.

    There are many companies in Titan’s portfolio which are making good progress including Taster and Legl. These companies are executing well on their strategies and showing significant growth year-on-year. More broadly, Titan has 34 companies with year-on-year revenue growth of more than 30%.

    There will be an opportunity to hear from the Portfolio Manager during a webinar on Tuesday 8th April 2025 at 12pm, with details of how to sign up being available at www.octopusinvestments.com. No new material disclosures will be made at this event.

    Further details on Titan’s performance will be provided in the Company’s annual report and accounts for the year ended 31 December 2024 (the ‘Annual Report’) due to be released in late April 2025.

    Review of strategy update

    As announced in September 2024, the Board, in conjunction with the Portfolio Manager, initiated a review of Titan’s strategy. The Board confirms the review is making progress and a further update will be given towards the end of April 2025 alongside the Annual Report.

    Dividend declaration

    The Board declares a further interim dividend of 0.5 pence per share for the period ended 31 December 2024. The record date for this dividend is 25 April 2025 and the payment date is 29 May 2025.

    This is lower than Titan’s target annual dividend of 5% of opening NAV for that period, as a consequence of the ongoing performance challenges. The Board recognises how important tax-free dividends are to investors, however, dividends are typically a distribution of achieved performance.

    The Board will next consider any further dividends to be paid in 2025, in the second half of the year following the release of the interim accounts for the 6 months ending 30 June 2025, subject to Titan’s performance improving and, as ever, Titan holding sufficient cash reserves.

    As with the dividend paid to shareholders on 19 December 2024, and in light of the ongoing review of Titan’s strategy, the Board continues to suspend the Company’s dividend reinvestment scheme for the dividend to be paid on 29 May 2025, with the dividend being paid to shareholders in cash.

    For further information please contact:

    Rachel Peat

    Octopus Company Secretarial Services Limited

    Tel:  +44 (0)80 0316 2067

    LEI: 213800A67IKGG6PVYW75

    The MIL Network

  • MIL-OSI Submissions: Business and Tech – Mobile service revenue in China to increase at 2.5% CAGR over 2024-2029, forecasts GlobalData

    Source: GlobalData

    The total mobile services revenue in China is poised to increase from $139.2 billion in 2024 to $157.3 billion in 2029 at a compound annual growth rate (CAGR) of 2.5%, mainly driven by healthy growth in mobile data services segment, reveals GlobalData, a leading data and analytics company.

    GlobalData’s research reveals that growth in mobile data service revenues will offset the decline in mobile voice service revenues during the forecast period. While mobile voice service revenue will decline at a CAGR of 10.4% between 2024 and 2029, mobile data revenue will increase at a CAGR of 5.2% over the same period, primarily driven by the increasing adoption of higher average revenue per user (ARPU) 5G services.

    Srikanth Vaidya, Telecom Analyst at GlobalData, says: “The average monthly mobile data usage in China is expected to increase from 15.2 GB in 2024 to 28.3 GB in 2029, driven by the growing consumption of online video and social media content over smartphones, thanks to the widespread availability of 5G services.”

    GlobalData is optimistic about the country’s mobile broadband services outlook with 5G services leading the way. 5G subscriptions are estimated to account for 89.6% of the total mobile subscriptions in 2029, driven by the ongoing 5G network expansion and modernization efforts of the operators. For instance, China Mobile has commercially deployed 5G-A network in more than 280 cities till June 2024, with the goal of establishing the world’s largest 5G commercial network.

    Government’s policies and initiatives for promoting 5G adoption in the industrial sector will also lend traction to the 5G market in the country. For instance, MIIT, China’s telecom regulator had announced to develop more than 10,000 5G factories to drive industrial applications of 5G, particularly in manufacturing.

    The advancements in 5G technology will also drive robust growth in M2M/IoT subscriptions, which are expected to increase at a CAGR of 13.3% over the period 2024 to 2029.

    Vaidya concludes: “China Mobile will retain its leading position through 2029, supported by its ongoing 5G network expansions to cater to the rising demand for high-speed services by residential and enterprise segments. Till June 2024, the operator deployed over 2.29 million 5G base stations, including 705,000 700MHz 5G base stations. China Mobile had invested about CNY31.4 billion ($4.3 billion) on 5G infrastructure in H1 2024, of the total CNY173 billion ($23.8 billion) planned for the entire year.”

    Notes:

    Quotes provided by Srikanth Vaidya, Telecom Analyst at GlobalData
    This press release is written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

    MIL OSI – Submitted News

  • MIL-OSI: Virtune AB (Publ) launches Virtune Chainlink ETP on Nasdaq Helsinki

    Source: GlobeNewswire (MIL-OSI)

    Helsinki, March 19th, 2025 – Virtune, a Swedish regulated digital asset manager and issuer of crypto exchange-traded products, today announced the listing of Virtune Chainlink ETP on Nasdaq Helsinki.

    Virtune recently introduced the first seven crypto ETPs in Finland on Nasdaq Helsinki, receiving a strong reception in the Finnish market. The previously listed products include Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune XRP ETP, Virtune Crypto Altcoin Index ETP, Virtune Staked Cardano ETP and Virtune Avalanche ETP. To meet the growing demand from Finnish investors, Virtune has now expanded its offering with an additional crypto ETP on Nasdaq Helsinki.

    About Virtune Chainlink ETP
    Virtune Chainlink ETP provides exposure to Chainlink. Like all of Virtune’s exchange-traded products, Virtune Chainlink ETP is 100% physically backed and fully collateralized, denominated in EUR for the Finnish investors, and available through brokers and banks such as Nordnet.

    Key Information about Virtune Chainlink ETP and what it offers to investors :

    • 1:1 exposure to Chainlink 
    • 100% physically backed by LINK
    • 1.49% annual management fee

    Virtune Chainlink ETP

    • Full name: Virtune Chainlink ETP 
    • Short name: Virtune Chainlink
    • Nasdaq Helsinki Ticker: VIRLINKE
    • Trading currency: EUR
      First day of trading: Wednesday 19th of March 2025
    • ISIN: SE0021149259
    • Stock exchange: Nasdaq Helsinki and Nasdaq Stockholm 

    Christopher Kock, CEO of Virtune: 

    “After witnessing the strong interest from the Finnish audience in our crypto ETPs during the first months since our initial listings on Nasdaq Helsinki, we have also seen significant investor demand for Chainlink through our ETP since its listing on Nasdaq Stockholm in November 2023. As a natural next step, we are excited to continue our expansion in Finland by introducing Virtune Chainlink ETP on Nasdaq Helsinki.”

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The MIL Network

  • MIL-OSI: ELTFV Adopts Distributed Architecture to Build a Secure and Stable Trading System

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 19, 2025 (GLOBE NEWSWIRE) — The technical team at ELTFV Exchange recently announced the adoption of a distributed system architecture to further enhance the stability and scalability of cryptocurrency trading. By independently deploying modules such as the trading engine and user management, the platform ensures 24/7 stable operation. Additionally, automated monitoring and intelligent operation and maintenance systems provide users with an exceptional trading experience.

    The introduction of distributed architecture equips ELTFV Exchange with stronger defense capabilities against cyberattacks. Through multi-node distributed storage, the platform effectively mitigates risks associated with “single points of failure” or “single points of attack” in traditional centralized systems. Even if a hacker targets a specific node, they cannot easily access complete data or disrupt the entire system operations.

    ELTFV Exchange employs multi-factor authentication (MFA), encrypted communication, and dynamic risk control as part of its multi-layered security measures. To ensure the safety of funds and accounts, the platform separates user assets into cold and hot wallets and uses smart contract technology to enforce strict security checks for large-scale fund transfers. Even in the face of advanced attacks, user assets remain fully protected.

    To ensure the efficient operation of the distributed system, ELTFV Exchange has developed an intelligent operation and maintenance system with automated monitoring capabilities. The platform monitors the status of each module in real time and uses machine learning algorithms to analyze trading traffic, user behavior, and system performance, allowing it to predict and alert potential issues in advance. When the load on a specific node exceeds a predefined threshold, the system automatically triggers resource allocation and traffic routing to prevent transaction delays or downtime.

    The high scalability of the distributed architecture offers flexibility for future product iterations at ELTFV Exchange. As the platform continues to roll out new trading products and functional modules—supporting a wider variety of cryptocurrencies and financial derivatives—the distributed architecture can quickly adapt to these changes.

    This technical upgrade to a distributed architecture marks a significant step forward in the global expansion and future development of ELTFV Exchange. ELTFV will remain committed to leveraging technological innovation as a driving force, continuously striving to provide users with reliable cryptocurrency trading services they can trust.

    Media Contact:
    Company: ELTFV Blockchain Service Limited
    Contact Person: Faiz Razak
    Position in the company: Marketing Director
    Email: faiz@eltfv.org  
    Website: https://www.eltfv.org

    Disclaimer: This press release is provided by ELTFV Blockchain Service Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09f54a7b-5b28-4fb9-84f5-24cdfbd7b62e

    The MIL Network

  • MIL-OSI: Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 3 April 2025 – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTIONS 9(3)-(5) AND SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Publication of supplement concerning extension of offer period for Nykredit’s recommended, voluntary public tender offer for Spar Nord Bank A/S until 3 April 2025

    19 March 2025

    Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 3 April 2025

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order. In the Offer Document, the offer period was set to expire on 19 February 2025 at 23:59 (CET) (the “Initial Offer Period”). On 18 February 2025, Nykredit published a supplement to the Offer Document, which extended the offer period to 20 March 2025. The background for the extension was to provide Nykredit with more time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer.

    Today, Nykredit published a supplement (the “Supplement”) to the Offer Document, which further extends the offer period for the Offer. The Supplement has been approved by the Danish FSA on 19 March 2025 in accordance with section 9(3)-(5) of the Danish Takeover Order. The Supplement should be read in conjunction with the Offer Document and the previous supplement as published on 18 February 2025.

    With this Supplement, Nykredit further extends the offer period, such that the Offer will expire on 3 April 2025 at 23:59 (CEST). Subsequently, any reference to the “Offer Period” in the Offer Document or other documents relating to the Offer will refer to the period commencing on the day of publication of the Offer Document on 8 January 2025 and ending on 3 April 2025 at 23:59 (CEST) (the “Extended Offer Period”).

    The purpose of the extension is to provide Nykredit with time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer.

    If the approval from the Danish Competition and Consumer Authority has not been granted by the expiry of the Extended Offer Period, Nykredit expects to extend the offer period further.

    The extension of the offer period entails that the expected completion of the Offer and settlement of the offer price to the Spar Nord Bank shareholders who have accepted the Offer will be extended correspondingly. Completion is subsequently expected to take place on 11 April 2025 (provided that the offer period is not extended further than to 3 April 2025 23:59 (CEST)).

    At the time of this announcement, Nykredit holds 32.79 per cent of the shares in Spar Nord Bank. A preliminary compilation of the acceptances that Nykredit has information about shows that, including the irrevocable undertakings, acceptances corresponding to more than 46 per cent of the share capital of Spar Nord Bank has been submitted, and that Nykredit’s ownership interest in Spar Nord Bank, together with the irrevocable undertakings and the binding acceptances submitted that Nykredit has information about, totals more than 80 per cent of the total share capital (excluding treasury shares) of Spar Nord Bank, indicating that the 67 per cent acceptance limit stated in the Offer has been reached. The final result of the Offer will be determined on expiry of the offer period and published in accordance with section 21(3) of the Danish Takeover Order.

    Nykredit intends to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders, provided that Nykredit has obtained the necessary ownership interest, and the Offer has been completed. Spar Nord Bank shareholders who have opted not to accept the Offer, should expect that Nykredit, provided that the Offer is completed, will take steps to combine Nykredit Bank A/S and Spar Nord Bank, which will result in a further increase in Nykredit’s ownership interest in Spar Nord Bank. Not later than in continuation of the combination, Nykredit thus expects to hold a sufficient ownership interest to be able to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders.

    The full terms and conditions of the Offer are contained in the Offer Document as amended by the Supplement. The Offer Document and the Supplement are published in the Danish FSA’s OAM database: https://oam.finanstilsynet.dk/ and can also, with certain restrictions, be accessed at https://www.nykredit.com/kobstilbud-spar-nord/ and https://www.sparnord.dk/investor-relations/overtagelsestilbud.

    About Spar Nord Bank

    Spar Nord Bank was founded in 1824 and is now a nationwide bank with 58 branches. Spar Nord Bank offers all types of financial services, consultancy and products, focusing its business on retail customers and primarily small and medium-sized enterprises (SMEs) in the local areas in which the bank is represented. The bank is also focused on leasing operations and large corporate customers, which are both business areas handled by the head offices.

    Spar Nord Bank has historically been rooted in northern Jutland and continues to be a market leader in this region. However, in the period from 2002 to 2024, Spar Nord Bank has established and acquired branches outside northern Jutland. Over the course of the years, the bank has adjusted its branch network in an ongoing process and now has a nationwide distribution network comprising 58 branches. These 58 branches are distributed on 32 banking areas, each of which is headed by a manager reporting directly to the bank’s executive board.

    The Spar Nord Bank Group consists of two earnings entities: Spar Nord Bank’s branches and the Trading Division. As an entity, the Trading Division serves customers from Spar Nord Bank’s branches as well as large retail customers and institutional clients in the field of equities, bonds, fixed income and forex products, asset management and international transactions. Finally, under the concept Sparxpres, the bank offers consumer loans to personal customers through Sparxpres’ platform as well as debt consolidation loans and consumer financing via retail stores and gift voucher solutions via shopping centres and city associations.

    About Nykredit

    Nykredit Realkredit A/S (“Nykredit”) is a public limited company incorporated under the laws of Denmark, company reg. (CVR) no. 12 71 92 80, having its registered office at Sundkrogsgade 25, 2150 Nordhavn, Denmark. Nykredit is a mortgage credit institution and, together with its wholly-owned subsidiary Totalkredit A/S, is a market leader of the Danish mortgage credit market with a market share of some 45.2 per cent. Nykredit offers mortgage financing for private individuals and businesses.

    Nykredit is part of the Nykredit Group, which historically dates back to 1851. In addition to carrying on mortgage credit business, the Group carries on banking business through Nykredit Bank – including banking and wealth management operations – and has a total of around 4,000 employees in Denmark.

    Nykredit is owned by an association of the Nykredit Group’s customers, Forenet Kredit. Forenet Kredit owns close to 80 per cent of Nykredit’s shares. Other major shareholders are five Danish pension funds: Akademikernes Pension AP Pension, PensionDanmark, PFA and PKA.

    Nykredit is known for the advantages offered through the association. Forenet Kredit makes capital contributions to the Nykredit Group when times are good, and Nykredit has decided to pass these on to its customers.

    Since, 2017, Forenet Kredit has paid over DKK 8 billion in capital contributions to the Nykredit Group, and in the period to 2027, Forenet Kredit has provided a further DKK 7 billion.

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/kobstilbud-spar-nord/.

    This announcement and the Offer Document (with supplements) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with supplements) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Supplement, the Offer Document or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction, including securities laws. It is the responsibility of all Persons obtaining this announcement, the Supplement, the Offer Document, earlier supplements, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Supplement or the Offer Document to shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.


    1 Executive Order no. 636 of 15 May 2020

    Attachments

    The MIL Network

  • MIL-OSI: Capgemini accelerates enterprise adoption of agentic AI for industries with NVIDIA

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Mollie Mellows
    Tel.: + 44 (0) 7342 709384
    E-mail: mollie.mellows@capgemini.com

    Capgemini accelerates enterprise adoption of agentic AI for industries with NVIDIA

    Paris, March 19, 2025 – Capgemini today announced the introduction of customized agentic solutions designed in collaboration with NVIDIA to accelerate enterprise AI adoption. Capgemini will deliver end-to-end AI services tailored to meet the diverse needs of specific industries when implementing AI agents, from healthcare and financial services to manufacturing and telco. By leveraging the power of NVIDIA NIM and a dedicated agentic gallery, Capgemini will be able to streamline deployment and reduce complexity for enterprise clients looking to derive actionable insights to achieve agentic-driven business transformation.

    With the combination of Capgemini’s deep industry expertise and NVIDIA’s state-of-the-art technology, enterprises will benefit from faster time-to-value and agile implementation of AI agents. Built on NVIDIA AI Enterprise with NVIDIA NIM™, Capgemini offers a simplified, high-performance deployment process, enabling clients to seamlessly and securely integrate agentic capabilities into their existing technology infrastructure. 

    Enterprises will gain access to a dedicated agentic gallery, eliminating the complexities of developing AI agents from the ground up for each business process, resulting in significant time savings and cost reductions. In addition, Capgemini brings robust governance frameworks on top of NVIDIA AI stack, allowing compliance, scalability, and consistent performance. With a focus on scalability and governance, clients will benefit from AI agents that are designed to meet industry standards and regulatory requirements, providing long-term sustainability.

    Through this collaboration, Capgemini will help organizations navigate the complexities of implementing agentic AI solutions on the NVIDIA AI stack while addressing strategic objectives such as: 

    • Rapid prototyping and deployment: Accelerating AI agent rollouts with pre-configured workflows and optimized infrastructure, reducing time-to-market.
    • Seamless integration: Combining AI agent capabilities with existing business applications to unlock new levels of process automation, efficiency and data-driven decision-making. 
    • Scalability and governance: Implementing AI agents with robust governance frameworks, ensuring compliance, scalability, and consistent performance.  The dedicated agentic capabilities of Capgemini RAISE, including governance, real-time monitoring and orchestration, enables unified control of agentic solutions with tangible results.

    “Agentic AI is changing the way we live and work. There is vast potential for AI agents to drive innovation,” said Chris Penrose, Global Head of Business Development for Telco, NVIDIA. “Capgemini has a deep understanding of the complex challenges facing enterprises and the industry-specific agentic AI use cases that can unlock significant business value. By leveraging NVIDIA NIM, together we can accelerate deployment of AI agents that enhance productivity and revolutionize the way they operate, whilst addressing critical concerns like trust, safety, security and compliance.”

    Together with NVIDIA, Capgemini is building over 100 bespoke AI agent-driven solutions tailored to various industry use cases, including:

    • Automotive: Smart agents to monitor and improve autonomous and human driving performance; vehicle performance in varying urban, weather, and traffic conditions; digital twin test vehicles in omniverse settings.
    • Consumer: Central and interactive Edge AI access point in the home that can be used to oversee the elderly and infirm, locate mislaid items, and monitor home security.
    • Financial Services: Fraud alert agents to validate fraud activity and manage response; financial planning and investment management services to dynamically monitor client portfolios in real-time and provide personalized investment strategies.
    • Life Sciences: Drug discovery support​ to extract actionable insights from drug mechanisms, disease progression and clinical outcomes; clinical trial refinement​ to improve design and monitor real-time data for mid-trial adjustments.
    • Manufacturing: Smart camera-based process monitoring for improved shopfloor performance and safety compliance.
    • Public Sector: AI-driven assistants capable of executing various administrative and civic tasks; fraud detection and prevention agents that provide comprehensive insights​ and detect patterns and anomalies that may indicate fraudulent activities.
    • Retail and Supply Chain: AI-driven agents that monitor shelves in-store and in warehouses, and automatically trigger SKU replenishment.
    • Telco: Network automation, including AI-RAN, and contact center translation services.

    Capgemini has been working with Telenor to build Norway’s first sovereign and secure AI Cloud Service in collaboration with NVIDIA. Launched in November 2024, the Telenor AI Factory is designed to accelerate AI adoption across industries while ensuring security, sustainability, and full data sovereignty within Norwegian borders. The AI Factory provides businesses with the infrastructure to develop, scale, and integrate AI into their operations — whether for internal workflows, customer-facing applications, or advanced AI-driven solutions. The service runs on 100% renewable energy, supporting responsible innovation while minimizing environmental impact.

    “With the AI Factory, we are creating a secure and sustainable foundation for AI innovation in Norway,” said Jannicke Hilland, EVP and Head of Telenor Infrastructure. “Capgemini has played a crucial role in developing this service, working closely with us to build a platform that allows businesses to harness AI while maintaining full control over their data. Together, we are ensuring that organizations have access to cutting-edge AI solutions without compromising security or sustainability.”

    “This new collaboration with NVIDIA marks a pivotal step forward in our commitment to bringing cutting-edge AI-powered technology solutions to our clients for accelerated value creation,” said Roshan Gya, Capgemini Invent CEO and Group Executive Board member at Capgemini. “By leveraging the power of the NVIDIA AI Stack, Capgemini will help clients expedite their agentic AI journey from strategy to full deployment, enabling them to solve complex business challenges and innovate at scale. NVIDIA’s robust platform provides the necessary infrastructure and tools to make this acceleration possible. Our work with Telenor on its AI Factory showcases how we can help an enterprise to scale generative and agentic AI to gain competitive advantage and realize business value.” 

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
    Get The Future You Want | www.capgemini.com

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    The MIL Network

  • MIL-OSI: ELTFV Launches Multi-Layer Security Protection System to Safeguard User Assets

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 19, 2025 (GLOBE NEWSWIRE) — Recently, ELTFV Exchange held a technology launch event in New York, unveiling its independently developed security solution. By implementing cold/hot wallet segregation, multi-signature technology, and advanced key management mechanisms, it has elevated user asset protection to new heights. ELTFV aims to strike the optimal balance between user experience and security safeguards while driving technical innovation to achieve an upgrade in user trust.

    ELTFV Exchange employs cold and hot wallet isolation technology, dividing user assets into two storage categories: hot wallets and offline cold wallets. Hot wallets are used to meet daily transaction needs, while cold wallets, completely disconnected from the network, store the majority of assets. Even if hackers manage to breach the hot wallet, the core assets in the cold wallet remain unaffected. This layered storage strategy effectively reduces the risk of system breaches by hackers.

    In addition to cold and hot wallet isolation, ELTFV Exchange has introduced multi-signature technology. Every large-scale transaction requires authorization from multiple parties, preventing single points of failure or individual account breaches. Even if the personal account information of a user is compromised, attackers cannot independently complete asset transfers, significantly enhancing operational security.

    ELTFV Exchange is not only committed to preventing potential risks but has also established a 24/7 real-time monitoring and emergency response mechanism. This system continuously monitors suspicious activities, and if anomalies are detected, it immediately takes action, freezing relevant accounts and initiating further investigations. This proactive defense strategy enables effective risk prevention before incidents occur.

    The multi-layer security protection system introduced by ELTFV Exchange is both a reflection of technological innovation and a concrete demonstration of the platform commitment to its users. Moving forward, ELTFV will continue to collaborate with top-tier global technology teams, continuously optimizing and upgrading its security measures to provide users with a safer and more reliable cryptocurrency trading environment.

    Media Contact:
    Company: ELTFV Blockchain Service Limited
    Contact Person: Faiz Razak
    Position in the company: Marketing Director
    Email: faiz@eltfv.org  
    Website: https://www.eltfv.org

    Disclaimer: This press release is provided by ELTFV Blockchain Service Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ebe0143d-a7d8-4cfd-a2a1-1c0faf033c8a

    The MIL Network

  • MIL-OSI: Soitec contributes to accelerated development of integrated optical connectivity solutions for AI datacentres with its silicon photonics SOI technology  

    Source: GlobeNewswire (MIL-OSI)

    Soitec contributes to accelerated development of integrated optical connectivity solutions for AI datacentres with its silicon photonics SOI technology

    • Industry development of co-packaged optics (CPO) accelerating towards commercialisation
    • CPO chip architectures directly integrate photonics for up to 30% energy saving
    • Soitec, a leader in SOI wafers for photonics, joins key industry alliance

    Bernin (France), March 19, 2025 – Soitec (Euronext – Tech Leaders), a world leader in the design and production of innovative semiconductor materials, welcomes recent industry steps to accelerate development and commercialisation of co-packaged optics (CPO) solutions for datacentres.

    The rapidly rising data requirements of AI and high-performance computing (HPC) are driving demand for silicon photonics-based CPO architectures, which integrate optical connectivity directly into processor housings or ‘packaging’, increasing both bandwidth and energy-efficiency.

    Recent industry initiatives to accelerate the commercialization of co-packaged optics include the unveiling of NVIDIA’s first CPO products, Spectrum-X and Quantum-X, on March 18, 2025. These innovations will be integrated into the next generation of NVIDIA servers designed for AI cloud infrastructure. These announcements follow the earlier introduction of groundbreaking CPO products and demonstrators by Broadcom, Intel, and Marvell.

    Processor architectures are being overhauled as growing data demand pushes them to current limits and drives higher electricity consumption. For datacentres, CPO adoption enables energy savings of around 30% compared with current optical transceiver-based solutions.

    Soitec is at the forefront of the transition from electrical to optical interconnects. CPO components are reliant on specialist silicon-on-insulator (Photonics-SOI) substrates, in which Soitec is a leader. With its two decades of experience in Photonics-SOI and industrial capacity to scale the technology, Soitec is uniquely placed to support market demand while maintaining high performance and reliability.

    Pierre Barnabé, Soitec Chief Executive Officer, said:

    The coming shift to CPO-based datacentre architectures is a major opportunity for Soitec’s advanced semiconductor materials, which already offer significant energy-efficiency and performance gains in applications ranging from mobile and wireless connectivity to electric cars. The latest industry initiatives and announcements show that momentum for widespread CPO adoption is building. This is further evidence that our strategic investments in innovation and technological diversification are paying off.”

    Soitec today separately announces that it has joined the SEMI Silicon Photonics Industry Alliance (SEMI SiPhIA), a group of more than 100 semiconductor industry partners, with TSMC and ASE serving as the alliance’s advocates. The alliance’s mission is to drive silicon photonics innovation and applications, advance industry standards, and foster knowledge-sharing, resource integration, and technical exchange. Through its membership, Soitec will contribute to strengthening supply chain partnerships and fostering international collaboration on the deployment of key next-generation technologies, including CPO.

    *****

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official

    # # #

    Investor Relations: investors@soitec.com

    Media contact: media@soitec.com

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    The MIL Network

  • MIL-OSI Asia-Pac: President Lai meets 2025 Yushan Forum participants

    Source: Republic of China Taiwan

    Details
    2025-03-18
    President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis
    On the afternoon of March 18, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Denzil Douglas of the Federation of Saint Christopher and Nevis. In remarks, President Lai thanked St. Kitts and Nevis for speaking up for Taiwan at major international venues and supporting Taiwan’s international participation. The president expressed hope that our two countries continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability, and create even greater well-being for our peoples. A translation of President Lai’s remarks follows: I welcome Minister Douglas and our esteemed guests to Taiwan. Last June, Minister Douglas accompanied Prime Minister Terrance Drew and his wife on their trip to Taiwan. I am delighted to be able to meet and exchange views with Minister Douglas again less than one year later. Your presence fully demonstrates the profound bond between Taiwan and St. Kitts and Nevis. I look forward to the further deepening of our partnership through our exchanges during this visit. Although our two nations are separated by a great distance, we share such universal values as democracy, freedom, and respect for human rights. We also continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability. Given that Prime Minister Drew, Minister Douglas, and I all share medical backgrounds, we deeply understand the importance of people’s health. I thus look forward to St. Kitts and Nevis’s climate-smart JNF General Hospital commencing operations as soon as possible thanks to our cooperation. The provision of even higher-quality public health and medical services will yield benefits for many more people. I also believe that by having Taiwan share its experiences in renewable energy and energy-saving technologies, our two countries will jointly drive green industrial transformation and stimulate sustainable development together. I would like to take this opportunity to thank St. Kitts and Nevis for actively speaking up for Taiwan and supporting Taiwan’s participation at such major international venues and organizations as the United Nations General Assembly, the World Health Organization, and the International Civil Aviation Organization. In the future, Taiwan will continue to make critical contributions to the international community. With the support of Minister Douglas and our guests, I look forward to our two countries backing each other on the global stage and continuing to build an even stronger foundation for bilateral cooperation. Let us work together to address the various challenges we face and create even greater well-being for our peoples. Minister Douglas then delivered remarks, first conveying greetings from Prime Minister Drew to President Lai, the government, and the people of Taiwan. He then stated that over the last 41 years since the dawn of their nationhood, the Republic of China Taiwan has steadfastly walked beside St. Kitts and Nevis as a strong and immovable partner. As we reflect on four decades of our journey together, he said, we recognize the unswerving and unwavering spirit that has guided both our nations through trials and challenges. The minister then acknowledged the generous support of Taiwan’s government that has helped St. Kitts and Nevis in its own economic and social development. He went on to say that Taiwan’s partnership with St. Kitts and Nevis has been instrumental in helping them achieve the goals of their sustainable island state agenda. Whether in enhancing food security through the diversification of their agricultural sector, fostering clean energy solutions through the solar PV farm, or advancing healthcare through assistance in building their smart hospital, he said, Taiwan has been a steadfast partner in shaping a much more resilient and sustainable future for the people of their federation. In the spirit of reciprocity and solidarity, Minister Douglas said, St. Kitts and Nevis continues to leverage opportunities on the global stage to request incessantly that Taiwan be given its rightful place in international organizations, where it can make a meaningful contribution to resolving the world’s most critical issues. Minister Douglas indicated that the global challenges we face today demand collective action, and that Taiwan has the innovation, the technology, the knowledge, and the expertise to make a tremendous positive impact on some of the world’s most urgent issues. He said that St. Kitts and Nevis will never grow weary in their own support, but shall continue to sound the clarion call of “let Taiwan in,” as well as advocate for peace to be maintained in the Taiwan Strait. To close, Minister Douglas expressed gratitude for the warm hospitality bestowed upon him and his delegation by Taiwan’s government, remarking that the engagements they had thus far were pregnant with promise, and that they are confident in witnessing a fruitful outcome as we work together to build a prosperous and sustainable future for our peoples. The delegation also included Permanent Secretary in the Ministry of Foreign Affairs Kaye Bass, Permanent Secretary of Economic Development and Investment Adina Richards, and Director in the Ministry of International Trade Sean Lawrence. The delegation was accompanied to the Presidential Office by St. Kitts and Nevis Ambassador Donya L. Francis.

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    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

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    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

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    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

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    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

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    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

    MIL OSI Asia Pacific News

  • MIL-OSI: Šiaulių Bankas has placed EUR 300 million bond issue in the international market

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER, INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF AKCINĖ BENDROVĖ ŠIAULIŲ BANKAS.

    Šiaulių Bankas AB has successfully placed EUR 300 million issue of 5.25-year senior preferred fixed rate reset notes with an optional call date and interest rate reset at 4.25 years from issue.

    The annual fixed rate coupon on the notes up to the reset date will be 4.597%. Settlement will take place on 25 March 2025. Listing of the notes will be on Euronext Dublin.

    The notes have been allocated to more than 100 institutional investors from the UK, Germany, France, Switzerland, Baltic States and other countries, including supranational financial organizations.

    “We appreciate the confidence international investors have shown contributing to our growth story and the partners who are helping us to achieve this ambition – this successful issuance will make a significant contribution to the Šiaulių Bankas’ strategic plans.

    We are pleased that international investors view the country’s economic prospects favourably and recognize our institutions as sound and investment,” says Tomas Varenbergas, Member of the Board and Head of the Investment Management Division of Šiaulių Bankas.

    The proceeds of the notes will be used to meet existing and future minimum own funds and eligible liabilities (MREL) targets, to improve the bank’s liquidity position, and to finance other general corporate purposes.

    The notes rated Baa1 with a stable outlook by the international rating agency Moody’s.

    Relevant stabilisation regulations including FCA/ICMA will apply.

    Šiaulių Bankas mandated global investment banks Erste Group, Goldman Sachs Bank Europe SE and Morgan Stanley as well as Šiaulių Bankas AB as Joint Lead Managers.

    Šiaulių Bankas as the issuer was advised on legal matters by Dentons UK and Middle East LLP and TGS Baltic as lead issuer’s legal counsel. The Joint Lead Managers were advised by Linklaters LLP and Sorainen on legal issues.

    This communication is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

    Additional information:

    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    The MIL Network

  • MIL-OSI: Q3 2024 Dividend Exchange Rate

    Source: GlobeNewswire (MIL-OSI)

    BIRMINGHAM, Ala., March 19, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) announced on November 12, 2024 a dividend in respect of the quarter ended September 30, 2024 in the amount of 29 cents per share (the “Q3 2024 Dividend”.) The Company will pay the Q3 2024 Dividend on March 31, 2025 to those shareholders on the register on February 28, 2025. 

    The Company announces that shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent dividend payment of 22.241 pence per share, based on the March 17, 2025 exchange rate of GBP 0.76693=US $1.00.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    The MIL Network

  • MIL-OSI: Optimizing Team Structure to Support Strategic Initiatives by ELTFV Exchange

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 19, 2025 (GLOBE NEWSWIRE) — Recently, Alexander Wells, the founder and CEO of ELTFV Exchange, announced on social media that the platform has completed a systematic optimization of its team structure to further enhance operational efficiency. This initiative reflects the keen insight by Alexander into industry trends and his strategic foresight in practice. Under his leadership, the platform has built a professional and experienced international team, which will drive ELTFV to achieve even greater success in the cryptocurrency market.

    As the founder of ELTFV Exchange, Alexander Wells brings over 15 years of experience in traditional finance and the blockchain industry. He previously served as a senior trader at Morgan Stanley, where he led global markets and derivatives trading, gaining extensive hands-on expertise in financial markets.

    In the blockchain sector, Alexander held the role of CEO at Pinnacle Blockchain, where he successfully led the commercialization of several innovative technologies. He also served as a strategic advisor to the fintech company Stellar Edge, helping the enterprise achieve groundbreaking progress in the crypto-asset space. These experiences have earned him a strong reputation in both the financial and technological fields, laying a solid foundation for the ELTFV growth.

    Under the leadership of Alexander Wells, ELTFV Exchange has upgraded its team structure, with the optimization aimed at strengthening core areas such as technology development, product innovation, and risk management. The new technology team of the platform is focused on advancing blockchain infrastructure development and enhancing platform security. ELTFV plans to allocate more resources to developing more efficient and secure trading systems, ensuring the safety of user assets and delivering a seamless trading experience.

    When discussing the future development of ELTFV Exchange, Alexander stated: “The team is the key factor in achieving strategic goals. By optimizing the team structure, the platform can execute its strategy more effectively and continue creating value for users.” His vision is to transform ELTFV into a technology-driven, user-friendly global platform, injecting new vitality into the cryptocurrency industry.

    Media Contact:

    Company: ELTFV Blockchain Service Limited
    Contact Person: Faiz Razak
    Position in the company: Marketing Director
    Email: faiz@eltfv.org  
    Website: https://www.eltfv.org

    Disclaimer: This press release is provided by ELTFV Blockchain Service Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/30165c3d-5b59-4e36-88dd-581dd1bc62bf

    The MIL Network

  • MIL-OSI: Knocknoc Raises Seed Funding to Scale Its Just-In-Time Network Access Control Technology

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Australia, March 19, 2025 (GLOBE NEWSWIRE) — Sydney-based cybersecurity software company Knocknoc has raised a seed round from US-based venture capital firm Decibel Partners with support from CoAct and SomethingReal.

    The funding will support go-to-market, new staff, customer onboarding and product development. The company has appointed Adam Pointon as Chief Executive Officer.

    “The opportunity here is limitless,” Pointon said. “You’d be hard pressed to find an organisation that couldn’t benefit in some way from using Knocknoc.”

    Knocknoc orchestrates network infrastructure to remove risk exposure by tying users’ network access to their SSO authentication status.

    By selectively opening network connections to users on a just-in-time basis, Knocknoc eliminates attack surface and solves compliance challenges. Knocknoc prevents would-be attackers from being able to connect to the types of network devices and applications that are prone to falling victim to zero-day attacks.

    Customers use Knocknoc to protect VPNs and firewalls, IP cameras, payroll systems, file transfer appliances, bastion hosts and other applications and network services. Knocknoc is also easy to use with cloud-based infrastructure.

    It can also be used on internal networks to add multifactor authentication to legacy systems to satisfy compliance requirements.

    Knocknoc has also appointed Decibel Partners Founder Advisor and Risky Business Media CEO Patrick Gray to its board of directors.

    “Knocknoc is a terrific way for organisations to quickly and easily reduce their exposure to the types of attacks that are plaguing enterprises right now,” said Gray. “It’s simple, quick to implement and delivers an immediate benefit.”

    Knocknoc is already in use in Australian and US critical infrastructure, large telecommunications networks and media companies.

    The Knocknoc founders are Andrew Foster, David Kempe and Adam Pointon.

    More information at https://knocknoc.io

    Contact

    Cofounder & CEO
    Adam pointon
    Knocknoc.io
    hello@knocknoc.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e67ebd9b-2f89-40e0-b0eb-df616cf39693

    The MIL Network

  • MIL-OSI: ELTFV Exchange Expands into the European Market, Actively Adhering to MiCA Regulations

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 19, 2025 (GLOBE NEWSWIRE) — With the imminent implementation of the European Union Markets in Crypto-Assets (MiCA) regulation, new regulatory rules are set to accelerate sustained investment in cryptocurrency trading systems. In this evolving regulatory environment, ELTFV Exchange is actively expanding into the European market by establishing localized compliance teams in key regional hubs to better meet the regulatory requirements and trading needs of European users.

    The EU MiCA regulation is regarded as one of the most comprehensive cryptocurrency regulatory frameworks globally. Its core objective is to provide a unified legal framework for the crypto-asset industry, thereby enhancing market transparency, protecting investor interests, and preventing financial crimes. MiCA mandates that trading platforms strictly comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements while ensuring the safety of user funds. This necessitates that cryptocurrency exchanges upgrade their technological infrastructure, strengthen data protection, and enhance compliance audits.

    Adhering to its long-standing commitment to user security and compliance-driven operations, ELTFV Exchange is proactively addressing the challenges and opportunities presented by MiCA. The platform is gradually building compliance teams across major European markets. These teams, composed of experienced legal, financial, and technical experts, are dedicated to ensuring that all aspects of the platform operations align with the latest EU regulatory requirements.

    To better serve European users, ELTFV Exchange plans to launch more innovative financial products that comply with MiCA regulations in the near future, including stablecoins and tokenized assets. This initiative will not only expand the platform market reach but also provide users with a wider range of investment options.

    As the importance of the European market continues to grow, ELTFV Exchange will remain closely aligned with regulatory developments, adhering to a strategy of compliance and innovation. The platform aims to provide users with superior services and a safer trading environment. Looking ahead, ELTFV plans to establish strategic partnerships with multiple European financial institutions and technology companies to offer more diversified financial solutions, empowering investors with exceptional trading support in the rapidly evolving cryptocurrency market.

    Media Contact:
    Company: ELTFV Blockchain Service Limited
    Contact Person: Faiz Razak
    Position in the company: Marketing Director
    Email: faiz@eltfv.org  
    Website: https://www.eltfv.org

    Disclaimer: This press release is provided by ELTFV Blockchain Service Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e39055db-1662-4a5d-b2ce-35457b6f318e

    The MIL Network

  • MIL-OSI China: HK chief: Panama ports deal should comply with law

    Source: China State Council Information Office 2

    Hong Kong Special Administrative Region Chief Executive John Lee Ka-chiu said on Tuesday that public concerns about city conglomerate CK Hutchison Holdings’ proposed sale of its Panama Canal ports to a United States consortium deserve attention, and expressed firm opposition to any form of coercion or pressure tactics in international trade deals.
    Political and business heavyweights in Hong Kong cautioned that the decision may pose risks to China’s national interests and the landscape of multilateral trade. It could also undermine the group’s long-term development.
    CK Hutchison Holdings — founded by Hong Kong tycoon Li Ka-shing — said on March 4 that it had struck a $22.8 billion deal to sell its majority stakes in two Panama Canal ports, as well as 41 others in 23 countries, to a consortium led by US investment company BlackRock. The announcement has ignited widespread discussions amid the uncertain global trade market.
    Ahead of an Executive Council meeting, Lee was asked about how businesses operating globally and closely intertwined with Hong Kong’s economy should navigate political risks.
    He said that widespread public discussions about the issue reflect societal concerns, underscoring its significance.
    The chief executive said that the SAR government calls on foreign governments to provide a fair and equitable business environment for all companies, including those from Hong Kong. He firmly condemned the use of coercion or pressure in international economic and trade activities, emphasizing that any transaction must comply with legal and regulatory requirements.
    The SAR government will handle the matter in accordance with the law and regulations, Lee added.
    Leung Chun-ying, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference and former chief executive of the SAR, said on social media that some businessmen mistakenly believe in the notion that “business knows no borders” and assume that everything is purely business.
    However, businessmen without a motherland will only face bullying, Leung said, emphasizing that businessmen should also prioritize their country.
    Lau Siu-kai, a consultant with the Chinese Association of Hong Kong and Macao Studies, a Beijing-based think tank, said that from a business perspective, this deal indeed brings substantial profits to CK Hutchison Holdings and shields the group from potential US pressure on its global ports and infrastructure.
    However, this transaction inevitably poses threats to China’s national interests and security, as the US could intensify actions against China’s shipbuilding and shipping industries as well as the China-proposed Belt and Road Initiative, Lau said.
    He called for the company to fully and seriously consider the complexity of the international landscape and China’s national interests before making business decisions, stressing that pivotal infrastructure plays a highly crucial role in international competition.
    Erik Yim-kong, a Hong Kong lawmaker and vice-chairman of China Merchants Port Group, said that the sale by CK Hutchison Holdings could potentially squeeze the country’s legitimate space for expanding its international trade and logistics industry and may affect multilateral trade, as well as the company’s long-term development.
    He emphasized that port management concerns significant national interests. He noted that the sale involves multiple ports located in countries and regions involved in the BRI, and that a quarter of China’s import and export goods pass through the Panama Canal.
    He warned that US control over the canal would grant access to precise data on China’s trade, facilitating targeted actions against China’s manufacturing sector.
    CK Hutchison Holdings and CK Asset Holdings will hold board meetings on Thursday to deliberate on last year’s business performance. The companies said on Tuesday that they would not hold a news conference and analyst meeting on the annual results as they usually do.

    MIL OSI China News

  • MIL-OSI USA: Reed Blasts Trump’s Illegal Firing of FTC Commissioners As “Abuse of Power”

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – Today, President Donald Trump fired the two Democratic commissioners on the five-member U.S. Federal Trade Commission (FTC), an independent agency charged with enforcing consumer protection and antitrust laws.  The unlawful move directly contradicts nearly a century of case law that has allowed the FTC to act solely in the public interest and free from short-term political considerations.

    After the firings were reported, U.S. Senator Jack Reed (D-RI), the Ranking Member of the Senate Appropriations Financial Services and General Government (FSGG) Subcommittee, which oversees funding for the FTC, issued the following statement:

    “This is an abuse of power and a blatant attempt to undermine the law and public good in order for Donald Trump to consolidate power for himself and his favored cronies.  It would completely undercut the independence that Congress lawfully bestowed upon the FTC and subject Americans to higher prices, more frequent scams, and will breed unchecked anticompetitive consolidation.  President Trump is flouting the rule of law in favor of the wealthiest Americans, causing economic instability, and putting the welfare of Americans at risk.  If President Trump gets away with this move, there is nothing to stop him from paralyzing the FTC or weaponizing it, depending on who’s in power or what company is at issue.  Removal of these FTC commissioners—solely because they are Democrats and not because they have done anything wrong—follows a pattern of this White House brazenly grabbing political power for itself.  President Trump has also removed Democratic members of other multi-member boards and commissions dedicated to protecting labor rights, enforcing government ethics rules, and preventing violations of civil liberties. President Trump is trying to drag the country down a dead end that endangers citizens and consumers, prevents accountability, emboldens corruption and autocracy, and could bleed taxpayers dry.  He is betting on a complaisant Supreme Court to validate this blatant executive overreach.  I hope the Court has some backbone, asserts itself as a co-equal branch of government, and affirms the 90 years of established legal precedent prohibiting Trump’s actions today.”

    The FTC is an independent agency created by Congress and led by a bipartisan panel of five commissioners – three selected from the president’s party and two from the minority party, and staffed nearly exclusively by nonpartisan experts, lawyers, and non-partisan civil servants who help safeguard the public interest.  FTC employees do the highly complex and technical work that lawmakers do not have the expertise to perform themselves like devising rules, investigating complaints, and penalizing lawbreakers.

    To insulate FTC commissioners from day-to-day political influence, by law they can be removed only for good cause like neglecting their official duties.  But Trump hasn’t provided any reason or cause whatsoever for removing these commissioners.

    FTC commissioners are unlike appointees who run executive departments directly under the president’s control, such as the U.S. Department of the Treasury, which has a single presidential cabinet official leading the department who is confirmed by the Senate and has wide latitude to work directly with the president to determine the direction of the agency.  Notably, FTC commissioners are appointed by the president and confirmed by Congress for lengthy terms at staggered intervals in order to serve across multiple administrations.  That continuity of service provides stability that benefits taxpayers and industry alike.

    The Center for American Progress notes: “Independent agencies exist today, in large part, thanks to the Supreme Court’s foundational opinion in Humphrey’s Executor v. United States in 1935. In that case, President Franklin Roosevelt tried to fire FTC Commissioner William Humphrey because Roosevelt worried that Humphrey would block his policies. The FTC Act, however, only allowed commissioners to be fired for inefficiency, neglect of duty, or wrongdoing while in office (i.e., “for cause”). Congress felt that FTC commissioners needed to be insulated from politics in order to serve the American people. If commissioners were replaced after every presidential election, that would lead to a constant policy back and forth that would ultimately harm American consumers and undermine the agency’s mission.

    “The Supreme Court unanimously ruled that the president does not have unlimited power to fire independent agency heads. According to the court, Congress’ power to insulate independent agency heads from removal “cannot be doubted.” When agency heads perform “quasi-legislative” or “quasi-judicial” functions (i.e., policymaking or adjudicating), they are not exercising pure executive power, and thus the president does not have or need the ability to remove them at will. This case solidified independent agencies’ ability to serve the American people without fear of political reprisal.

    “In 1958, the Supreme Court reinforced Humphrey’s Executor in Wiener v. United States. In another unanimous opinion, the court held that the president does not have unlimited removal powers: “no such power is given the President directly by the Constitution, and none is impliedly conferred upon him by statute.” The court again evaluated removal protections in Morrison v. Olson in 1988. In Morrison, the court approved the extension of removal protections from independent agency heads to lower executive branch officers without policymaking abilities. In a 7-1 opinion, the court held that the for-cause restriction did not violate the separation of powers because it did not “unduly trammel on executive authority.”

    “Then, in 2020, the conservative-dominated Supreme Court indicated that there may be a small exception to Humphrey’s Executor. In Seila Law v. CFPB, the court narrowed Humphrey’s Executor by finding unconstitutional the for-cause removal protections for the Director of the Consumer Financial Protection Bureau, who manages the agency alone without fellow commissioners. In a 5-4 decision, the court held that removal protections for agency heads can only apply in two situations: 1) agencies with multimember commissioners and 2) agencies that do not wield substantial executive power. Seila Law adopted a more expansive vision of presidential power than Humphrey’s Executor and marked a troubling shift in the law for the millions of Americans who rely on independent agencies.”

    Senator Reed noted Trump’s partisan dismissals of FTC commissioner are the latest instance of Trump wrongfully terminating critical federal employees without cause and trying to consolidate power for himself by turning independent federal watchdogs into lapdogs.  The terminated commissioners indicate they plan to sue to reverse the firings.  Senator Reed urged the federal courts and U.S. Supreme Court to expedite review of multiple cases moving through the system and to uphold the law.

    MIL OSI USA News

  • MIL-OSI: Defiance Launches HOOX: 2X Leveraged ETF for Robinhood Markets, Inc.

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 19, 2025 (GLOBE NEWSWIRE) — Defiance ETFs introduces HOOX, the Defiance Daily Target 2X Long HOOD ETF, a 2X leveraged single-stock ETF designed to provide amplified exposure to Robinhood Markets, Inc. (Nasdaq: HOOD). This ETF offers traders a way to seek enhanced returns on Robinhood Markets, Inc without requiring a margin account.

    HOOX seeks daily investment results that correspond to twice (200%) the daily percentage change of Robinhood Markets, a pioneer in commission-free trading that has transformed the brokerage industry with innovative technology and a user-friendly platform.

    “HOOX offers investors a compelling opportunity for investors seeking amplified exposure to Robinhood Markets, a company that has redefined retail investing,” said Sylvia Jablonski, CEO of Defiance ETFs. “As Robinhood continues to expand its offerings and shape the future of trading, this ETF allows investors to participate in its growth with enhanced returns.”

    For more information, visit DefianceETFs.com.

    The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues a daily leveraged investment objective, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of the Underlying Security. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Security’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Security’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

    An investment in HOOX is not an investment in Robinhood Markets, Inc.

    About Defiance ETFs

    Founded in 2018, Defiance is at the forefront of ETF innovation. Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs.

    Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.

    IMPORTANT DISCLOSURES

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read carefully before investing. A hard copy of the prospectuses can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds’ may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    HOOD Risks: The Fund invests in swap contracts and options that are based on the share price of HOOD. This subjects the Fund to certain of the same risks as if it owned shares of HOOD even though it does not.

    Indirect Investment Risk. HOOD is not affiliated with the Trust, the Fund, or the Adviser, or their respective affiliates and is not involved with this offering in any way and has no obligation to consider your Shares in taking any corporate actions that might affect the value of Shares.

    Trading Risk. The trading price of the fund may be subject to volatility and could experience wide fluctuations due to various factors. Short sellers may also play a significant role in trading HOOD potentially affecting the supply and demand dynamics and contributing to market price volatility. Public perception and external factors beyond the company’s control may influence HOOD’s stock price disproportionately.

    Performance Risk. HOOD may fail to meet publicly announced guidelines or other expectations about its business, which could cause the price of HOOD to decline.

    HOOD Operational Risks. HOOD’s plans to venture into new international markets introduces significant uncertainties that may not yield desired outcomes. Operations are subject to complex and evolving laws, with non-compliance posing threats to HOOD’s business. Past and potential future regulatory investigations, settlements, and litigation could lead to substantial costs and reputational damage. Intense competition from rivals with greater resources threatens HOOD’s market position and revenue.

    Financial Exchanges and Data Industry Risks. The industry is highly susceptible to fluctuations in economic conditions, changes in market sentiment, and regulatory alterations, which can significantly affect market volatility and trading volumes. Technological disruptions or failures, including cybersecurity breaches, could compromise user data and disrupt trading activities, potentially leading to financial losses for both the company and its users.

    Global Crypto Asset Trading Platform Risks. HOOD has announced plans to expand its crypto asset business. Such an expansion will subject HOOD to risks related to regulatory compliance, such as the potential for increased scrutiny, enhanced anti-money laundering (AML) and know your customer (KYC) requirements, and the need for additional licenses in various jurisdictions. Operational risks will also arise from the complexities of integrating the new platform’s operations, technology, and culture, as well as the need to bolster system security and manage a more extensive technology infrastructure.

    HOOX Fund Risks 

    Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of the Underlying Security will be magnified.

    High Portfolio Turnover Risk. Daily rebalancing of the Fund’s holdings pursuant to its daily investment objective causes a much greater number of portfolio transactions when compared to most ETFs.

    Liquidity Risk. Some securities held by the Fund may be difficult to sell or be illiquid, particularly during times of market turmoil. Markets for securities or financial instruments could be disrupted by a number of events, including, but not limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation or regulatory changes inside or outside the United States.

    Derivatives Risk. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, leverage, imperfect daily correlations with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Underlying Security’s performance, before the Fund’s management fee and other expenses.

    Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk of the market generally. The value of the Fund, which focuses on an individual security, may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Diversification does not ensure a profit nor protect against loss in a declining market.

    Brokerage Commissions may be charged on trades.

    Distributed by Foreside Fund Services, LLC

    Contact Information

    David Hanono

    info@defianceetfs.com

    833.333.9383

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/2d7fe9b3-c787-4d4b-bebc-6264a3cd7e2c

    The MIL Network

  • MIL-OSI Australia: Address to the Catholic Social Services Australia Conference, Sydney

    Source: Australian Treasurer

    Thank you for the opportunity to address you today. I acknowledge the Gadigal people of the Eora nation and pay my respects to all First Nations people present. Their connection to community and country reminds us of our ongoing responsibility to care for each other.

    The Gospel of Matthew teaches us powerfully:

    ‘Truly, I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’ (Matthew 25:40)

    This teaching resonates deeply with Australia’s ideals of fairness and community. Yet, our society today faces a significant challenge: inequality. Inequality matters profoundly – not just economically, but morally, socially, and spiritually. It shapes opportunities, influences life outcomes, and determines who shares in our national prosperity.

    In reflecting upon inequality today, I’d like to begin with a thought experiment developed by the Dutch economist Jan Pen.

    Imagine all Australians marching in a one‑hour parade, their height reflecting their wealth.

    At first, you wouldn’t see anyone – the poorest Australians, submerged by debt, would be underground. Several minutes would pass before you see people the height of tiny insects, representing those with minimal savings and precarious jobs. At half‑time, the parade participants would be barely waist‑high, reflecting an average wealth level that is far below what many expect.

    It isn’t until the last few minutes that the parade gets dramatic. Australians become giants, several metres tall, owning investment properties and multiple cars. In the last seconds, billionaires appear, their heads literally in the clouds. The richest Australian would tower over 46 kilometres high – far above Mt Everest.

    This image vividly captures the scale and drama of inequality in Australia today.

    The historical journey of Australian inequality

    Yet it was not always like this. As I documented in my book Battlers and Billionaires, Australian history shows fluctuations in inequality, shaped by policy, events, and the collective actions of citizens.

    When British settlers first arrived in 1788, inequality was limited – not due to idealism, but survival. Governor Arthur Phillip’s invitations to dinner famously concluded, ‘Please bring your own bread,’ reflecting the scarcity of resources and the reality that inequality was limited by necessity.

    Yet inequality quickly rose through the nineteenth century, driven by land distribution favouring the wealthy. Under Governor Lachlan Macquarie, who ruled the colony from 1810 to 1821, more than half the land granted went to just the top 10 per cent of settlers. By the late nineteenth century, disparities between landowners and labourers were immense. Historian Stuart Macintyre describes colossal extremes between the luxurious life of pastoralists like Richard Casey and the hard labour endured by workers like Jock Neilson, who struggled through bush labour with minimal wages and harsh living conditions.

    The early twentieth century brought change. In 1907, the Harvester Judgement established a basic wage designed to lift families out of poverty. Australia saw the creation of institutions such as the Commonwealth Conciliation and Arbitration Court, introducing worker rights into the national conscience. Still, stark inequalities remained, with large segments of society excluded from prosperity.

    However, the post‑war period between the 1940s and 1970s marked what economists call the ‘Great Compression.’ Strong unions, progressive taxation, expanded public services, and affordable housing policies dramatically reduced inequality. For several decades, Australians experienced significant upward social mobility and rising standards of living for the majority.

    Yet since the 1980s, Australia has seen what economists describe as a ‘Great Divergence,’ reversing the gains of earlier decades. Today, the top 1 per cent of income earners receive nearly 10 per cent of national income, nearly doubling their share from 40 years ago. Wealth inequality is even more extreme, with the richest fifth owning more than 60 times the wealth of the bottom fifth.

    This widening gap is not just economic – it profoundly affects people’s everyday lives. Those at the bottom face greater health challenges, including a stark difference in life expectancy – Australians in the richest fifth of the population live an average of 6 years longer than those in the poorest fifth. The poorest Australians have 7 fewer teeth on average due to poor dental care. In education, the wealth gap translates into substantial resource disparities between affluent and poorer communities.

    Why inequality matters

    Inequality does not simply represent a difference in wealth; it shapes our society. Excessive inequality erodes social cohesion, reducing empathy and undermining community bonds. When wealth is concentrated among a few, society becomes fragmented. Our sense of collective responsibility diminishes, and the fabric that binds us as Australians weakens.

    Catholic social teaching stresses the inherent dignity of every person, the importance of community, and the imperative to act justly towards one another. From Pope Francis’ call for inclusive economies to teachings on the common good, Catholic faith underscores the urgency of addressing rising inequality.

    For too many Australians, the promise of a fair go – the belief that effort and hard work determine success, not birth or background – has felt increasingly out of reach. Inequality is not just an abstract economic issue; it affects our communities, our health, our opportunities, and our sense of national cohesion.

    No government is perfect, but I want to argue today that ours has done more to address inequality than any government in well over a decade.

    Taking office 3 years ago, on the tail of the Covid pandemic, we have acted decisively to ensure that prosperity is shared more fairly across our society.

    Lifting wages and supporting secure work

    One of the most direct ways to reduce inequality is by lifting wages and ensuring job security. Since coming to office, the Albanese government has delivered consecutive wage increases for 2.6 million Australians, particularly benefiting low‑ and middle‑income earners. These pay rises ensured that minimum wage workers were not left behind as the cost of living rises.

    Furthermore, our government has tackled insecure work by introducing stronger protections for casual employees who want to transition to permanent work, establishing minimum standards for gig economy workers, and enforcing ‘same job, same pay’ provisions to prevent labour hire workers from being exploited. These reforms help ensure that Australians can rely on stable incomes, reducing the financial precarity that fuels inequality.

    A fairer tax system

    Tax policy plays a crucial role in shaping economic fairness. The Albanese government has delivered tax cuts that benefit every Australian taxpayer, allowing people to keep more of what they earn while ensuring that the system remains progressive.

    This approach contrasts with our predecessors, whose tax policies disproportionately benefited the highest earners, widening the gap between rich and poor. By maintaining a fair and responsible tax structure, we can fund essential public services while ensuring that the most fortunate Australians contribute their fair share.

    Strengthening the social safety net

    A strong, targeted welfare system is essential to reducing inequality, and our government has taken decisive action to support those who need it most. We have increased JobSeeker and other income support payments, ensuring that Australians doing it tough can afford the basics. Recognising the unique challenges faced by older Australians, we have also expanded eligibility for higher JobSeeker rates for those over 55, providing more security and dignity in later years.

    Rent assistance has been increased by over 40 per cent, helping Australians struggling with rising housing costs. Single parents have received greater support through extended access to the parenting payment, making it easier for them to balance work and caregiving responsibilities without falling into poverty. These targeted measures lift Australians up rather than trapping them in cycles of disadvantage.

    Investing in affordable housing

    Housing inequality is one of the most pressing economic issues facing Australia today. The Albanese government has responded with the largest investment in social and affordable housing in more than a decade. Through the Housing Australia Future Fund, we are building over 55,000 new social and affordable homes, directly addressing homelessness and housing stress.

    Beyond construction, we have strengthened renters’ rights, introducing minimum rental standards, limiting rent increases to once per year, and requiring genuine grounds for eviction. By making renting fairer and ensuring more Australians have access to stable, affordable housing, we are creating a foundation for economic security and social mobility.

    Early childhood education and skills training

    Breaking the cycle of inequality starts with education. That’s why we have delivered cheaper childcare for 96 per cent of families with children in early education – an investment that not only reduces financial strain but also ensures that more children, regardless of their family’s income, start life with the educational support they need.

    In schools, we have delivered on the promise of the Gonski report by ensuring that all schools are funded to the schooling resource standard. This isn’t just about money, it’s about delivering the resources required to drive reform. We know that Australia’s OECD PISA scores have been slipping backwards for the past quarter‑century. If we do not turn this around, the most vulnerable stand to suffer most.

    Our government has also committed to over half a million fee‑free TAFE places, ensuring that Australians can gain the skills needed for secure, well‑paying jobs. By making education more accessible, we are expanding opportunities for people from all backgrounds, ensuring that no one is locked out of good jobs because they cannot afford the necessary training.

    Fairer pay for women

    We cannot talk about overall economic inequality without considering gender inequality. The Albanese government has delivered historic pay rises for aged care and early childhood education workers – sectors dominated by women – while expanding paid parental leave to 26 weeks by 2026 and adding superannuation to government‑paid parental leave. These measures help to close the gender wealth gap, ensuring that women are not financially penalised for caring responsibilities. The gender pay gap is still too high, but it is also at an all‑time low.

    Tackling the cost of living

    Inequality is exacerbated when basic essentials become unaffordable. That’s why we have delivered targeted cost‑of‑living relief, including $300 in energy bill relief for every household and cheaper medicines that allow millions of Australians to buy 2 months’ worth of prescription medication for the price of one. We have also ensured that HECS‑HELP loans will never grow faster than wages, reducing the financial burden on young Australians starting their careers.

    Another major reform is our work in the energy sector. By expanding investment in renewable energy and breaking down barriers to new market entrants, we are reducing energy costs for consumers while ensuring a transition to a cleaner economy. High energy prices disproportionately impact low‑income Australians, and our efforts to foster a more competitive and efficient energy market are directly reducing cost‑of‑living pressures.

    Historically, reducing inflation in Australia meant higher unemployment. In the 1970s, 1980s and 1990s, bouts of inflation were met by job losses. Often, it took a recession to bring prices under control. Yet this time is different. Uniquely in Australian history, we have brought inflation under control while maintaining what economists call ‘full employment’. We have tamed inflation while creating over one million jobs. Unemployment remains low, and the participation rate is at a record high. This is a remarkable achievement for our nation.

    Investing in health equity

    Health disparities are one of the most damaging consequences of inequality, with lower‑income Australians facing shorter life expectancies and higher rates of chronic illness. Our government has made the largest investment in bulk billing in Medicare’s history, restoring affordable access to GPs for millions of Australians. We have also established new urgent care clinics and expanded mental health services, ensuring that healthcare is based on need, not wealth.

    Competition reforms to reduce inequality

    A truly fair economy is one where businesses compete on a level playing field, ensuring that consumers and small businesses are not left behind. Monopolies increase inequality by transferring resources from consumers (the many) to shareholders (the few). The Albanese government has prioritised competition reform to prevent market concentration from deepening inequality.

    One of our key achievements has been strengthening competition in the grocery sector. By increasing regulatory oversight and cracking down on anti‑competitive behaviour by major supermarket chains, we are ensuring fairer prices at the checkout. We know that when competition declines, consumers pay more, and smaller businesses struggle. Our policies ensure that Australian families are not subject to artificially inflated food prices while smaller retailers have a fair chance to succeed.

    Through the biggest overhaul of merger laws in half a century and a revitalised National Competition Policy, we are putting downward pressure on prices and increasing fairness. This approach reflects our commitment to an economy that works for everyone, not just those at the top.

    A commitment to evidence‑based solutions

    A key principle of our government is ensuring that policies are grounded in evidence, not ideology. That is why we have created the Australian Centre for Evaluation, and committed to expanding the use of randomised trials in policymaking, ensuring that every dollar spent on social programs delivers real results. By rigorously evaluating what works, we can scale up the most effective initiatives, ensuring that public investment leads to meaningful reductions in inequality.

    Conclusion: a shared moral and national imperative

    Inequality is a profound challenge – but not insurmountable. Australian history reminds us that inequality is never inevitable. It expands or shrinks based on the decisions we make collectively as a society.

    There is much more to do, but I have given you a flavour today of what we have already done together. The Albanese government has chosen to lift wages, invest in housing and education, strengthen social protections, reform competition, and deliver targeted cost‑of‑living relief. These policies lift people up – not just economically, but socially and morally.

    As the Gospel of Matthew reminds us, true compassion is measured by our actions towards ‘the least of these.’ We must constantly ask ourselves: Are our policies fair? Are our communities inclusive? Is every Australian being given the chance to thrive?

    The Albanese government is committed to answering these questions positively – not just with words, but through meaningful action. Together, we can create a society where dignity, justice, and opportunity are the lived reality for every Australian.

    MIL OSI News

  • MIL-OSI Australia: Address to the Corones’ Law Competition Reform event, Sydney

    Source: Australian Treasurer

    I acknowledge the Gadigal of the Eora Nation. I pay my respects to Elders past and present and extend that respect to First Nations people taking part in today’s event.

    Fresh out of law school, I had the privilege of working as one of Justice Michael Kirby’s High Court associates. I answered the phone, put thousands of letters in envelopes, made hundreds of cups of Ceylon Orange Pekoe tea and occasionally had the chance to do some legal research (Leigh 2016).

    One of the things I learned was that lawyers would be lost without resources like Corones’ Competition Law (Svetiev 2023). Pages dog‑eared and tabbed to death, Corones is a trusted source of how the courts have ruled and how arguments have been won and lost.

    Corones texts also stand as a record of reform. Over many editions, it has captured everything from judgments on the original 1974 legislation, to reforms allowing third parties to access infrastructure in the 1990s, to the introduction of criminal cartel sanctions in the 2000s.

    And today, a new round of competition reforms takes shape. This includes the new merger regime – the largest shakeup of Australia’s merger settings in half a century. And it includes a revitalised National Competition Policy agenda. These are the 2 areas I want to cover today, with a focus on the microdata underpinning these macro reforms.

    Building an innovative economy

    Ultimately, competition reform is about improving the long‑term prosperity of the Australian people. This means getting the policy settings right if we want to build a stronger, more resilient and dynamic economy.

    Think of the end‑game as more like Lego than Monopoly. In Monopoly, one person gets everything while everyone else watches in frustration. In Lego, all the players get to build something – though in both cases, stepping on a piece can be painful.

    As US congressman Jake Auchincloss put it, ‘Everybody, when they think about playing with Legos, has this sense of creativity and empowerment.’ (Klein 2025)

    Competitive markets help ensure Australians pay fair prices for goods and services (Leigh 2024a). Without competition, businesses can charge whatever they like – kind of like airport food courts, where a ham and cheese sandwich requires a mortgage.

    Competition also promotes choice and freedom.

    The challenge is Australia’s competitiveness has been declining since the 2000s, while market concentration has nearly doubled since 2010 (Chalmers and Leigh 2024).

    Using microdata to get a better picture

    The Australian Government’s establishment of a Competition Taskforce within the Treasury in 2023 reflects the importance we place on competition reform and finding solutions.

    In just over a year, the Competition Taskforce has made significant contributions.

    This includes using microdata to identify competition issues and develop tailored policy and regulatory responses (Leigh 2024b).

    For example, the Competition Taskforce has relied on data to:

    • develop a robust evidence base on the prevalence and use of non‑compete clauses in Australian labour contracts to inform policy (Andrews and Jarvis 2023, ABS 2024)
    • provide new and powerful insights into how competition can reduce airfares (Majeed, Breunig and Domazet 2024)
    • explain patterns and trends in mergers and show how competition has declined in Australia (Competition Taskforce 2024).

    Understanding competition

    Unit‑level records that track businesses and households over time allow granular analysis of the way policies are influencing the economy.

    Using bigger datasets, more refined econometric techniques and most up to date theories, economists have provided new insights on trends in market concentration and the relationship between competition and productivity.

    For example, researchers found an increase in market power partly explained Australia’s productivity growth slowdown. Industries with the greatest increase in concentration also had the greatest increases in markups (Hambur 2021).

    In this context, high‑growth firms act like Lego builders in the economy – constantly assembling, adapting, and expanding their creations. Rather than dominating like a monopoly, these firms thrive by snapping together innovative ideas, new markets, and fresh talent, driving the majority of turnover and employment growth.

    Typically small and young, they grow by more than 20 per cent over a three‑year period, often reshaping the landscape and challenging the older, more rigid structures of established incumbents. Think of them as the startups disrupting the economy – just as streaming services disrupted DVDs, Uber disrupted taxis, and toddlers disrupt your ability to get a full night’s sleep. As vital builders of sales and employment, a decline in high growth firms can lead to a less dynamic, less flexible economy (Majeed et al., 2021).

    Concentration hot spots

    The Competition Taskforce is working with the Australian Competition and Consumer Commission to develop a microdata screening tool to identify concentration hot spots. This innovative tool leverages the increasingly detailed geospatial data that the Australian Bureau of Statistics has added to its microdata assets.

    The resulting tool will identify regions or segments of the economy that are already very concentrated, where further market consolidation through mergers and acquisitions poses the greatest risk to competition. Concentration hotspots are like a heat map of where Monopoly is being played a little too well, allowing policymakers to find solutions before someone tries to build hotels on every property.

    The Taskforce’s use of administrative data to systematically understand economic activity at the local level will be a novel approach to competition policy both in Australia and among our peers. It will complement the Australian Competition and Consumer Commission’s thorough knowledge of markets developed through its many inquiries and day‑to‑day experience administering the competition laws.

    This hot‑spot tool should help the Australian Competition and Consumer Commission administer the new merger system and inform decisions about the sectors requiring mandatory notification. After all, if a Monopoly player already owns Park Place (or Park Lane), it’s best for the other players that they don’t own all the other dark blue properties. When monopolists dominate the board, it can be expensive for everyone else in the economy to move forward.

    These examples showcase how increased availability of microdata has transformed the way we can use empirical evidence in the policy decision making process: to better identify issues, understand the problems, and develop effective and targeted solutions.

    Microdata gives us the tools and understanding to target policies.

    National Competition Policy

    Building a more productive, dynamic and resilient economy and giving Australian consumers access to a wider range of higher quality products and services at lower prices from across the country and overseas requires collaboration and trust.

    That is why Australian, state and territory governments have been working together to coordinate competition reform efforts under a revitalised National Competition Policy agenda.

    Almost 30 years ago, states, territories and the Commonwealth agreed to put competition policy front and centre by agreeing to the National Competition Policy following the Hilmer Report. This was the era of economic reform, as well as grunge music, dial‑up internet, Blockbuster video rentals, Tamagotchis, and arguing over whether Ross and Rachel were really on a break.

    The original Hilmer reforms outlined a set of competition principles that transformed our economy in ways we largely take for granted today. These included structural reform of public monopolies, introducing competitive neutrality so that government businesses do not enjoy unfair advantages over their private peers, arrangements for third‑party access to nationally significant infrastructure, and an obligation on all governments to review and reform laws that restrict competition.

    These reforms, which focused on removing regulatory barriers in the non‑traded sector, were credited with boosting Australia’s GDP by 2.5 per cent – equivalent to around $5,000 per household per year today. That’s basically the economic equivalent of finding an extra $50 in your jeans – twice a week, every week.

    Commonwealth, state and territory treasurers agreed in November to revitalise National Competition Policy to drive growth, improve choice and put downward pressure on prices (Chalmers 2024). Renewing the government’s commitment to put competition policy front and centre once again but tailored for the new challenges and opportunities of the modern economy – we’re now a digital economy, we’re looking for ways to make the transition to net zero at least cost, and we have a growing care and support economy.

    We have also updated the original National Competition Principles to drive better outcomes for the community, requiring governments to consider the competition impacts of government decisions and establish protections against poorly managed privatisations, empower consumers and address remaining barriers to the movement of goods, services and workers across the country.

    Competition reform isn’t straightforward. If it was easy, past governments would have done it already. Competition reform can be like assembling flat‑pack furniture – you know it’ll be worth it in the end, but along the way, there’s a lot of frustration and some pieces don’t seem to fit where they should.

    Trajectory of the government’s competition reforms

    This recommits governments to a new wave of pro‑competitive reforms over the next decade. Work is already underway on a first tranche of 5 priority reforms to ease the cost‑of‑living pressure and reduce regulatory complexity. The 5 pillars are:

    • Streamlining commercial planning and zoning systems to improve competition by encouraging firm entry and expansion and reducing business and regulatory costs.
    • Lowering barriers to the adoption of international and overseas standards in regulation. As a first step, we are fast‑tracking the recognition of equivalent or superior overseas product safety standards, rather than relying only on domestic standards, to deliver safer and cheaper products. Following this, we will be working collaboratively to identify the priority sectors for the next phase of this reform.
    • Supporting modern methods of construction such as prefab and modular by levelling the regulatory playing field with traditional methods of construction, unlocking time and cost savings, overcoming labour shortages and boosting lagging construction productivity.
    • A nationally consistent worker screening check to boost labour mobility for care workers.
    • Developing broader rights to repair, including for agricultural products, which could reduce repair costs and waste by providing consumers and businesses more choice for repair services.

    State and territory reforms are backed by the government’s $900 million National Productivity Fund. This allows for the fiscal benefits of these reforms – which mostly flow to the Commonwealth – to be shared with those states and territories that choose to implement them. The idea is to encourage states and territories to undertake meaningful reforms for the benefit of the Australian people and the economy.

    And this is just the start. The government will continue to work closely with industry and state and territories to build a more productive economy through national pro‑competitive reform options.

    Further reform rounds will be informed by community consultation and the Productivity Commission’s 5 new inquiries.

    They include inquiries into:

    • creating a more dynamic and resilient economy
    • building a skilled and adaptable workforce
    • harnessing data and digital technology
    • delivering quality care more efficiently, and
    • investing in cheaper, cleaner energy and the net zero transformation.

    Significant benefits flow from National Competition Policy

    Significant benefits will flow from a revitalised National Competition Policy.

    To help us understand the magnitude of the benefits, the Productivity Commission modelled the impact of 19 potential competition reforms (Productivity Commission 2024).

    The Productivity Commission estimated that a revitalised National Competition Policy could result in an ongoing boost to GDP of up to $45 billion, an increase of up to $5,000 for every Australian household per year as well as lower prices by an estimated 0.7 to 1.5 per cent in the long run. This is significant. It is an enduring benefit for consumers, businesses and the economy. On‑par with the highly successful reform efforts of the 1990s and 2000s.

    And the benefits of the reforms extend beyond their economic effect. For example, reforms in the care and support economy would increase the quality of care in areas such as health and disability support.

    There is tough reform work to be done, but the benefits of delivering meaningful reform speak for themselves.

    Closing remarks

    I’d like to leave you with this final thought.

    When Danish carpenter Ole Kirk Christiansen created his iconic company almost a century ago, he named it LEGO after the Danish phrase ‘leg godt’, which means ‘play well’ (LEGO n.d).

    Christiansen understood that openness, rather than monopolistic drive, enabled dynamic, productive and constructive play that benefitted everyone involved.

    Instead of a blood sport where players knocked each other out one by one, participants benefitted when they could create, learn, collaborate and share ideas.

    Today, Lego is the world’s most popular toy, with consumers buying over 30 billion blocks per year.

    Raising my 3 sons, I found that an afternoon spent playing Lego inspired creativity and laughter. Our evenings spent playing Monopoly often ended in tears.

    In much the same way, we are all grappling with changes that are shifting the parameters of the playing field. The digital economy and transition to net zero are equivalent to that moment in time that Congressman Auchincloss described as ‘…throwing the board’, when people ‘get so frustrated that another person – out of, frankly, pure luck – ends up on Park Place and is able to just extract rents every time you cross or you pass go’ (Klein 2025).

    Through microdata‑driven analysis of market concentration, revitalised National Competition Policy, and the continuation of productive collaboration between the Commonwealth, state and territory governments, competition should foster innovation and opportunity. More Lego, less Monopoly.

    MIL OSI News

  • MIL-OSI: Bedrock Forms Partnership with Pentabase to Target the Korean Market

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, South Korea, March 19, 2025 (GLOBE NEWSWIRE) — Bedrock, the world’s first multi-asset liquidity restaking protocol, has announced a partnership with Pentabase, a leading Web3 marketing firm in Korea.

    • Entered into a partnership with Pentabase, a leading Web3 marketing firm in Korea.
    • Focused on expanding Bedrock’s brand awareness and activating the community in the Korean market
    • A representative stated, “We plan to introduce Bedrock’s innovative restaking solutions to Korean users.”

    The partnership is focused on expanding Bedrock’s brand awareness and activating its community in the Korean market, with plans to aggressively pursue business initiatives targeting the region.

    Bedrock, supported by OKX Ventures, Babylon co-founders, and other major investors, is pioneering the multi-asset liquidity restaking space. Initially launching uniETH on EigenLayer, it is now breaking new ground in the Bitcoin liquidity staking market with uniBTC. uniBTC is a Bitcoin-based liquidity staking token designed to allow BTC holders to earn rewards while maintaining liquidity.

    Currently, Bedrock has over $500 million in Total Value Locked (TVL), supporting assets including uniBTC, brBTC, uniETH, and uniIOTX. Through integrations with EigenLayer, Babylon, and IoTeX, it provides enhanced yields and security across chains.

    To build customized yield strategies for uniBTC holders, Bedrock collaborates with Uniswap, Curve, Compound, Pendle, Corn Protocol, Gearbox, and Morpho, and has partnered with key grant providers such as Arbitrum, Optimism, and Zeta Chain.

    As the finality provider for Babylon’s Cap1 program via RockX, Bedrock leverages five years of node operation experience to ensure low gas fees and zero slashing risks. This technical advantage helped Bedrock capture a 30% market share in Babylon’s Phase1 staking and achieve the highest points per stake in Cap2 performance, establishing itself as a market leader.

    Bedrock’s brBTC, with over $140 million in TVL, is redefining Bitcoin’s utility in the BTCFi 2.0 era. By enabling cross-protocol restaking of Bitcoin derivatives, brBTC addresses liquidity fragmentation through unified strategies, expands income opportunities via multi-protocol access, and maximizes ecosystem efficiency through secure cross-platform integration, playing a key role in the BTCFi market.

    Additionally, Bedrock’s robust security solutions, including audits from respected firms such as Peckshield and Blocksec, Chainlink integration, and 24/7 real-time monitoring, further strengthen asset protection.

    Pentabase, a leading Web3 marketing firm in Korea, specializes in the development and execution of marketing strategies for Web3 and blockchain projects, helping global blockchain projects enter the Korean market. With this partnership, Pentabase will focus on enhancing Bedrock’s brand value and effectively communicating its restaking solutions to local users.

    A Bedrock representative stated, “Korea is one of the key global markets with strong interest in blockchain and DeFi. Through this collaboration with Pentabase, we plan to engage more closely with the Korean community and introduce Bedrock’s innovative restaking solutions.”

    Contact Information

    Company Name: PENTABASE
    Contact Person: Noah
    Email: info@pentabase.io
    Company Website: https://pentabase.io/

    Disclaimer: This press release is provided by PENTABASE. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

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    The MIL Network

  • MIL-OSI Global: Why did the Israel-Hamas ceasefire fall apart? It was never going to solve the root causes of the conflict

    Source: The Conversation – Global Perspectives – By Marika Sosnowski, Postdoctoral research fellow, The University of Melbourne

    When a ceasefire in the war between Hamas and Israel finally came into effect on January 19, the world breathed a collective sigh of relief.

    However, that ceasefire agreement, and its associated negotiations, have now been cast aside by new Israeli attacks on Gaza.

    A statement from Israeli Prime Minister Benjamin Netanyahu’s office said the strikes came after Hamas’ “repeated refusals” to “release our hostages”, and the group’s rejection of all proposals presented by US President Donald Trump’s Middle East envoy, Steve Witkoff.

    Even before Israel cut off all humanitarian aid and electricity to Gaza in the past two weeks, Hamas claimed it had not met the levels of humanitarian aid, shelter and fuel it agreed to provide in the terms of the ceasefire. However, this is a distraction from a larger issue.

    This ceasefire was always more like a strangle contract than a negotiated agreement between equal parties. Israel, as the party with far greater military and political power, has always had the upper hand.

    And while the first phase of the ceasefire, which lasted 42 days, saw the successful release of 33 hostages held by Hamas in exchange for nearly 1,800 Palestinian prisoners, the ceasefire also enabled Israel to use it for its own political and military ends.

    Buying time

    The most common conventional concern about ceasefires is that the parties to a conflict will use them for their own ends.

    Typically, the worry is that non-state armed groups, such as Hamas, will use the halt in violence to buy time to regroup, rearm and rebuild their strength to continue fighting.

    But states such as Israel have this ability, too. Even though they have standing armies that might not need to regroup and rearm in the same way, states can use this time to manoeuvre in the international arena – a space largely denied to non-state actors.

    Trump’s rise to power in the US has seemingly given the Israeli government carte blanche to proceed in ways that were arguably off limits to previous US presidents who were also largely supportive of Israel’s actions.

    This includes the plan of forcing Gaza’s population out of the strip. This plan was raised earlier in the war by Trump advisor Jared Kushner and Israeli officials as a supposed humanitarian initiative.

    Trump has now repeated the call to relocate Palestinians from Gaza to Egypt and Jordan – or possibly other parts of Africa – and for the US to take “ownership” of the coastal strip and turn it into the “Riviera of the Middle East”.

    On the face of it, this plan would be a war crime. But even if it is never fully implemented, the fact it is being promoted by Trump after many years of domestic Israeli and international opprobrium shows how political ideas once thought unacceptable can take on a life of their own.

    Political and military maneouvering

    Israel has also used the ceasefire to pursue larger political and military goals in Gaza, the West Bank, southern Lebanon and Syria.

    Even though the ceasefire did reduce overall levels of violence in Gaza, Israel has continued to carry out attacks on targets in the strip.

    It has also escalated the construction of settlements and carried out increasingly violent operations in the West Bank. In addition, there have been egregious attacks on Palestinian residents in Israel.

    And though nearly 1,800 Palestinian prisoners were released during the ceasefire, Israel was holding more than 9,600 Palestinians in detention on “security grounds” at the end of 2024. Thousands more Palestinians are being held by Israel in administrative detention, which means without trial or charge.

    During the ceasefire, Israel also accelerated efforts to evict the UN agency for Palestinian refugees, UNRWA, from its headquarters in East Jerusalem. And the Israeli government has also proposed increasingly draconian laws aimed at restraining the work of Israeli human rights organisations.

    On the military front, the ceasefire arguably alleviated some pressure on Israel, giving it time to consolidate its territorial and security gains against Hezbollah in southern Lebanon and in Syria.

    In the past two months, two deadlines for the withdrawal of Israeli forces from southern Lebanon passed. Israel has instead proposed establishing a buffer zone on Lebanese territory and has begun destroying villages, uprooting olive trees and building semi-permanent outposts along the border.

    In a speech in February, Netanyahu also demanded the “complete demilitarisation of southern Syria” following the fall of Bashar al-Assad’s regime. And Defence Minister Israel Katz said this month Israel would keep its troops in southern Syria to “protect” residents from any threats from the new Syrian regime.

    Be careful what you wish for

    While Palestinians are known for their sumud – usually translated as steadfastness or tenacity – there is a limit to what humans can endure. The war, and subsequent ceasefires, have created a situation in which Gazans may have to put the survival and wellbeing of themselves and their families above their desire to stay in Palestine.

    There is a general assumption that ceasefires are positive and humanitarian in nature. But ceasefires are not panaceas. In reality, they are a least-worst option for stopping the violence of war for often just a brief period.

    A ceasefire was never going to be the solution to the decades-old conflict between Israel and the Palestinians. Instead, it has turned out to be part of the problem.

    Marika Sosnowski 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. Why did the Israel-Hamas ceasefire fall apart? It was never going to solve the root causes of the conflict – https://theconversation.com/why-did-the-israel-hamas-ceasefire-fall-apart-it-was-never-going-to-solve-the-root-causes-of-the-conflict-249944

    MIL OSI – Global Reports

  • MIL-OSI Australia: ASIC commences proceedings against FIIG for cybersecurity failures

    Source: Allens Insights

    Failing to protect against cybersecurity risks 6 min read

    ASIC has announced it has commenced civil penalty proceedings against FIIG Securities Limited (FIIG) for allegedly failing over four years to protect itself and its clients from cybersecurity risks. Specifically, ASIC claims FIIG failed to:

    • provide financial services efficiently, honestly and fairly;
    • have adequate resources (financial, technological and human) to ensure appropriate cybersecurity measures and comply with its legal obligations; and
    • have adequate risk management systems,

    in contravention of sections 912A(1)(a), (d), and (h), and 912A(5A) of the Corporations Act 2001 (Cth).

    ASIC’s enforcement action against FIIG is consistent with its current enforcement priorities, namely, to ensure licensees have in place adequate cybersecurity protections. ASIC Chair Joe Longo has also emphasised the importance of ‘proactively and regularly’ checking the adequacy of cybersecurity measures and following the advice of the Australian Signals Directorate’s Australian Cyber Security Centre (ACSC).

    Background

    FIIG holds an Australian Financial Services Licence (AFSL) and specialises in fixed-income products and services. It collects and maintains personal information on clients and held significant assets on their behalf.

    ASIC claims that, due to the nature of FIIG’s business and the data it held, FIIG was at ‘real risk’ of cyber intrusion, which could lead to data breaches, financial loss and an inability to access data, provide services or operate its network or systems. 

    ASIC alleges that, despite this risk, FIIG failed to have adequate cybersecurity measures in place and failed to implement the controls identified in its risk management system to mitigate cybersecurity risks. This culminated in a cyber intrusion in May 2023 where 385GB of data is alleged to have been stolen (affecting approximately 18,000 individual customers), some of which was published on the dark web. ASIC alleges FIIG became aware of this intrusion when the ACSC alerted FIIG that its systems may have been compromised on 2 June 2023. It is alleged that FIIG was not aware the intrusion had occurred before this alert.

    ASIC alleges FIIG did not investigate and respond to the incident until 8 June, almost a week after it had been notified of the potential malicious activity by the ACSC.

    ASIC has published its Concise statement and Originating process. The likely next steps in the proceeding will involve a detailed statement of claim filed by ASIC and a defence filed by FIIG, unless the parties are able to agree on a statement of agreed facts and admissions.

    Takeaways

    This is the second time ASIC has commenced proceedings for a failure to have adequate cybersecurity systems in place—the first being in relation to RI Advice in August 2020. These new proceedings demonstrate ASIC’s evolving approach to cyber risk management since it brought proceedings against RI Advice. ASIC’s articulation of expected technical security measures in the FIIG proceedings is more prescriptive than its expectations around ‘adequate cybersecurity documentation and controls’ presented in the RI Advice proceedings. Whilst director compliance in relation to cybersecurity remains a priority for ASIC, no proceedings have yet been commenced against FIIG directors or other officers.

    The cybersecurity measures ASIC suggests should have been implemented are consistent with many of those identified by the Office of the Australian Information Commissioner in recent civil penalty proceedings brought against Australian Clinical Labs and Medibank, as well as in class action proceedings brought against Optus and Medibank.

    A comparison of security measures class action plaintiffs and regulators have alleged are required in these proceedings is available here

    The fact FIIG was allegedly alerted to the issue by the ACSC (ie it was not detected internally) was likely compounded by the alleged six-day delay between the ACSC’s alert (2 June 2023) and FIIG’s investigation of the potential malicious activity (8 June 2023). ASIC claims that if FIIG had had adequate cybersecurity measures in place, it would have detected suspicious activity well before the ACSC notified it. ASIC suggests FIIG should have had in place:

    • endpoint detection and response software that was monitored on a daily basis by a person with sufficient skills, training and experience to identify and respond to any unusual network activity; and
    • a cyber incident response plan which addressed: (i) the action to be taken, key roles and responsibilities of FIIG personnel, and regulatory notification requirements, in the event of a cybersecurity event; (ii) incident detection and analysis; and (iii) incident response (containment, eradication and recovery).

    ASIC alleges FIIG’s risk management systems were inadequate because they failed to implement and maintain necessary cybersecurity measures. Even though FIIG had a risk management system (which included an IT Information Security Policy and Cyber and Information Security Policy), ASIC claims FIIG failed to implement measures identified in those policies. Regulators have repeatedly emphasised the importance of ensuring the operating effectiveness of risk management systems (ie that they are adhered to, and that compliance is monitored and enforced), in addition to design effectiveness.

    ASIC expects that: (i) AFSL holders will employ or outsource to people with the skills, knowledge and experience in IT security to ensure adequate cybersecurity measures are implemented; (ii) one or more persons will be assigned the responsibility for doing so; and (iii) that those responsible are given sufficient time to properly discharge their responsibility. In this case, ASIC alleges FIIG overly relied on its Chief Operating Officer and IT infrastructure team, which had competing responsibilities.

    ASIC’s concise statement is instructive as to the regularity with which it currently expects organisations (at least those of similar circumstances to FIIG) to implement certain technical controls:

    Activity

    Regularity / timeframes

    Testing of cyber incident response plan

    Annually.

    Monitoring of Endpoint Detection and Response (EDR) software

    Daily.

    Application of patches and software updates

    Within one month of release of patch or update for critical or high importance patches.

    Within three months of release of patch or update for all other patches.

    Storage of logs

    Online for at least 90 days.

    In an electronic archive for at least 12 months.

    Mandatory security awareness training

    At onboarding, and then annually.

    Review and evaluation of effectiveness of technical cybersecurity controls

    Quarterly.

    Review of event logs by Security Administrator

    Every 90 days.

    Declarations and orders

    ASIC is seeking:

    • declarations: that FIIG failed to: 
      1. have adequate resources (financial, technological and human) to ensure appropriate cybersecurity measures and comply with its legal obligations;
      2. have adequate risk management systems; and
      3. as a consequence of the failures above, failed to do all things necessary to ensure the financial services covered by FIIG’s licence were provided efficiently, honestly and fairly,

      in contravention of sections 912A(1)(a), (d), and (h), and 912A(5A) of the Corporations Act.

    • a pecuniary penalty: in respect of each of FIIG’s alleged contraventions of the Corporations Act (and where, for each contravention, the maximum civil penalty for companies is the greater of (i) 50,000 penalty units ($13.75 million at the time), (ii) three times the benefit obtained and detriment avoided, and (iii) 10% of annual turnover, capped at 2.5 million penalty units ($687.5 million at the time)).
    • a compliance order: that FIIG complete a compliance program involving review of its cybersecurity measures and commission an independent expert to report on those measures to ASIC, in such form as the court thinks fit.
    • that FIIG pay ASIC’s costs.

    MIL OSI News

  • MIL-OSI: UPDATE — NVIDIA, Alphabet and Google Collaborate on the Future of Agentic and Physical AI

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — GTC — Building on their longstanding partnership, NVIDIA, Alphabet and Google today announced new initiatives to advance AI, democratize access to AI tools, speed the development of physical AI and transform industries including healthcare, manufacturing and energy.

    Engineers and researchers throughout Alphabet are working closely with technical teams at NVIDIA to use AI and simulation to develop robots with grasping skills, reimagine drug discovery, optimize energy grids and more. Employing the NVIDIA Omniverse™, NVIDIA Cosmos™ and NVIDIA Isaac™ platforms, teams from Google DeepMind, Isomorphic Labs, Intrinsic and X’s moonshot Tapestry will discuss milestones from their respective collaborations at the NVIDIA GTC global AI conference.

    To power research and AI production efforts for its customers, Alphabet’s Google Cloud will be among the first to adopt the NVIDIA GB300 NVL72 rack-scale solution and NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU, also announced today at GTC.

    NVIDIA will be the first industry partner to adopt SynthID, a Google DeepMind AI technology that embeds digital watermarks directly into AI-generated images, audio, text or video.

    “I’m proud of our ongoing and deep partnership with NVIDIA, which spans the early days of Android and our cutting-edge AI collaborations across Alphabet,” said Sundar Pichai, CEO of Google and Alphabet. “I’m really excited about the next phase of our partnership as we work together on agentic AI, robotics and bringing the benefits of AI to more people around the world.”

    “Alphabet and NVIDIA have a longstanding partnership that extends from building AI infrastructure and software to advancing the use of AI in the largest industries,” said Jensen Huang, founder and CEO of NVIDIA. “It’s a great joy to see Google and NVIDIA researchers and engineers collaborate to solve incredible challenges, from drug discovery to robotics.”

    Developing Responsible AI and Open Models
    Google DeepMind and NVIDIA are working to build trust in generative AI through content transparency.

    NVIDIA will be the first external user of Google DeepMind’s SynthID, which embeds digital watermarks directly into AI-generated images, audio, text and video. SynthID helps preserve the integrity of outputs from NVIDIA Cosmos world foundation models, available on build.nvidia.com, helping to safeguard against misinformation and misattribution — all without compromising video quality.

    Google DeepMind and NVIDIA also partnered to optimize Gemma, Google’s family of lightweight, open models, to run on NVIDIA GPUs. The recent launch of Gemma 3 marks a significant leap forward for open innovation.

    NVIDIA has played a key role in making Gemma even more accessible for developers. Supercharged by the NVIDIA AI platform, Gemma is available as a highly optimized NVIDIA NIM™ microservice, harnessing the power of the open-source NVIDIA TensorRT-LLM library for exceptional inference performance.

    In addition, this deep engineering collaboration will extend to optimizing Gemini-based workloads on NVIDIA accelerated computing via Vertex AI.

    The Age of Intelligent Robots
    Intrinsic is an Alphabet company focused on making intelligently adaptive AI for robotics usable and valuable for manufacturers across industries. Today, the majority of the world’s installed industrial robots are manually programmed, with every movement hard-coded in a complex, expensive process.

    Partnering with NVIDIA, the teams have built deeper and more intuitive developer workflows for Intrinsic Flowstate to support NVIDIA Isaac Manipulator foundation models for a universal robot grasping capability. Using foundation models for robotics will significantly reduce application development time and improve flexibility, with AI that can adapt effortlessly. At GTC, Intrinsic will also share an early OpenUSD framework streaming connection between Intrinsic Flowstate and NVIDIA Omniverse — enabling real-time visualization of robot workcells across platforms.

    Concurrently, NVIDIA and Google DeepMind are announcing a collaboration with Disney Research to develop Newton, an open-source physics engine accelerated by the NVIDIA Warp framework that is compatible with MuJoCo. Powered by Newton, MuJoCo will accelerate robotics machine learning workloads by more than 70x compared with MuJoCo’s existing GPU-accelerated simulator, MJX.

    Applying Innovation to Real-World Challenges
    Isomorphic Labs, founded by Google DeepMind CEO Demis Hassabis, is reimagining drug discovery with AI. It has built a state-of-the-art drug design engine housed on Google Cloud with NVIDIA GPUs to enable the scale and performance needed to continue developing groundbreaking AI models that can help advance human health.

    Tapestry, X’s moonshot for the electric grid, is building AI-powered products for a greener and more reliable future grid. Tapestry and NVIDIA are exploring methods for increasing the speed and accuracy of electric grid simulations.

    This joint effort will focus on the challenges of integrating new energy sources and expanding grid capacity to meet the growing demands of data centers and AI, while helping ensure grid stability. The companies will evaluate potential solutions, including using AI to optimize the interconnection process, with the goal of enhancing the planning and modernization of energy infrastructure for a more sustainable future.

    The Next Generation of AI-Optimized Infrastructure
    Building on its commitment to provide customers with the most advanced AI infrastructure, Google Cloud will be one of the first companies to offer the latest instances of NVIDIA Blackwell GPUs — NVIDIA GB300 NVL72 and NVIDIA RTX PRO 6000 Blackwell Server Edition.

    Built on the groundbreaking Blackwell architecture introduced a year ago, Blackwell Ultra includes the NVIDIA GB300 NVL72 rack-scale solution and the NVIDIA HGX™ B300 NVL16 system. The GB300 NVL72 delivers 1.5x more AI performance than the NVIDIA GB200 NVL72, as well as increases Blackwell’s revenue opportunity by 50x for AI factories, compared with those built with NVIDIA Hopper™. NVIDIA RTX PRO 6000 Blackwell is the ultimate universal GPU for both AI and visual computing workloads across healthcare, manufacturing, retail, live broadcast and other industries.

    With last month’s preview launches of its A4 and A4X virtual machines, Google Cloud became the first cloud provider to offer both NVIDIA B200- and GB200-based instances. Now, A4 is generally available — with A4X coming soon — so customers can take advantage of Blackwell’s powerful performance with the added benefits of Google Cloud’s AI Hypercomputer.

    Google Cloud and NVIDIA have worked together to optimize popular open-source frameworks like JAX, a popular Python library for machine learning, and MaxText to run efficiently on NVIDIA GPUs at scale. MaxText, an advanced framework for scaling large models across massive GPU clusters, uses optimizations codeveloped with NVIDIA to enable efficient training on tens of thousands of GPUs.

    GTC attendees interested in learning more about Alphabet and NVIDIA’s work can visit the Google Cloud booth 914.

    About Alphabet Inc.
    Alphabet is a collection of companies, the largest of which is Google. Larry Page and Sergey Brin founded Google in September 1998 and the company is headquartered in Mountain View, Calif. Billions of people use its wide range of popular products and platforms each day, like Search, Ads, Chrome, Cloud, YouTube and Android.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Cliff Edwards
    NVIDIA Corporation
    +1-415-699-2755
    cliffe@nvidia.com

    press@google.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, availability, and performance of NVIDIA’s products, services, and technologies; and the collaboration between NVIDIA and Alphabet and the benefits and impact thereof are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA Cosmos, NVIDIA HGX, NVIDIA Hopper, NVIDIA Isaac, NVIDIA Omniverse, and NVIDIA RTX PRO are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/611ce8d4-bb5c-47ff-85d5-591363b25467

    The MIL Network

  • MIL-OSI: Acquisition Complete for 9.1% Stake in CAMRAIL S.A

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Australia, March 18, 2025 (GLOBE NEWSWIRE) — Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA (‘Camalco’), has acquired the 5.3% equity interest in CAMRAIL SA (‘Camrail’) from Total Energies Marketing Cameroun SA (‘Total Cameroon’). Refer to the Company’s ASX announcement dated 7 March 2025 for further information. The acquisition with Total Cameroon was finalised on 14 March 2025, following the internal approval by the Apex Committee of Total Cameroon.

    Camalco has now successfully secured a strategic 9.1% holding in Camrail, having previously completed the acquisition of a 3.8% interest from Societe d’Exploitation des Bois du Cameroun (‘SEBC’) on 28 February 2025.

    The total consideration for the combined acquisitions amounted to XAF 1,388,550,000 (approximately A$3.4 million), funded from the Company’s existing cash reserves.

    Completion of these strategic transactions with Total Cameroon and SEBC provides Camalco a direct stake in Cameroon’s rail infrastructure operator and importantly, secures the Company a seat on the Camrail Board.

    This strategic investment is a critical step in Canyon’s broader objective of establishing an efficient transport and logistics network to support the development of its world-class Minim Martap Bauxite Project.

    Minim Martap ranks among the world’s richest bauxite deposits, with an Ore Reserve of 109Mt at 51.1% Al2O3 and 2.0% SiO2 and a JORC Mineral Resource Estimate of 1,027Mt at 45.3% Al2O3.

      Ore (MT) Alumina (Al2O3) Silica (SiO2)
    Total Mineral Reserves (Proved)1 109 51.1% 2.0%
    Total Mineral Resources2 1,027 45.3% 2.7%
    Measured 382 47.3% 2.7%
    Indicated 597 44.2% 2.7%
    Inferred 48 43.2% 3.7%

    (1) Mineral Reserves reported as per JORC Code
    (2) Mineral Resources reported as per JORC Code, at a cut-off grade of 35% Al2O3 – Makan & Ngaoundal tenements not included

    Table 1: Minim Martap Ore Reserve Statement (2022 BFS) & Mineral Resources Estimate

    Mr Jean-Sebastien Boutet, Canyon Chief Executive Officer commented: “We are pleased to have successfully completed our 9.1% acquisition in Camrail and to now be working alongside its existing shareholders, the State of Cameroon and Africa Global Logistics. This investment is a major step forward in de-risking the logistics pathway for Minim Martap, and I want to acknowledge the continued dedication of the Canyon and Camalco team as we push towards first production in 2026.

    “Minim Martap is a world-class, tier-one bauxite project, with the potential to become a long-term, low-cost supplier into a growing and supply-constrained market. With our Definitive Feasibility Study on track for completion in Q3 2025, mine planning progressing as scheduled, and Integrated Rail Facility engineering underway, we are making tangible strides toward project execution.

    “Importantly, we are also advancing discussions regarding delivery schedules for rolling stock and progressing negotiations on port facilities. In addition, the initial phase of our two-stage ramp-up has successfully commenced, reflecting our commitment to ensuring a structured and efficient development pathway for the project. We remain focused on securing the remaining rail and port agreements and look forward to providing further updates as we continue to execute on our strategy.”

    Image 1: Camrail transport route (source: http://www.camrail.net/)

    This announcement has been approved for release by the Canyon’s Board of Directors.

    Forward looking statements

    This announcement contains forward-looking statements. These statements can be identified by words such as “anticipate”, “may”, “will”, “expect”, “intend”, “estimate”, “opportunity”, “plan”, “potential”, “project”, “seek”, “believe”, “could”, “future” and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management that could cause the Company’s actual results to differ materially from the results expressed or anticipated in these statements.

    The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update or revise forward-looking statements, regardless of whether any new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and ASX requirements.

    Mineral Resources and Ore Reserves

    The information in this announcement that relates to the Mineral Resources and Ore Reserves at the Minim Martap Bauxite Project has been extracted from the ASX releases by Canyon entitled ‘Minim Martap Mineral Resource Estimate upgrade adds Measured Resource’ dated 11 May 2021, and ‘Positive BFS for Canyon’s Minim Martap Bauxite Project’ dated 21 June 2022, available at www.canyonresources.com.au and www.asx.com (Canyon Releases). Canyon confirms that it is not aware of any new information or data that materially affects the information included in the Canyon Releases and that all material assumptions and technical parameters underpinning the estimates in the Canyon Releases continue to apply and have not materially changed.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc0ead90-8ff1-4f2d-9e53-2f4d7d1e9fa4

    The MIL Network

  • MIL-OSI China: Announcement on Open Market Operations No.53 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.53 [2025]

    (Open Market Operations Office, March 19, 2025)

    In order to keep the liquidity adequate in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB295.9 billion through quantity bidding at a fixed interest rate on March 19, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB295.9 billion

    1.50%

    Date of last update Nov. 29 2018

    2025年03月19日

    MIL OSI China News

  • MIL-OSI China: Asian films scaling up content building with AI assistance

    Source: China State Council Information Office 3

    The role of artificial intelligence (AI) and technology will continue to be vital in shaping the future of the Asian film and content sectors with experts urging industry leaders to embrace the change to stay on top of their game, a Hong Kong summit heard on March 18.

    In his welcome remarks at the Asia Content Business Summit (ACBS) Working Group Meeting, Wilfred Wong Ying-wai, chairman of the Hong Kong Film Development Council, said that AI is going to “speed up development” and “unite Asia” across multiple languages as content becomes accessible to a broader audience.

    Wong noted that in the past, content had to be dubbed, but now with the help of AI, subtitles have been made easily accessible on-demand.

    “Second, we have to look at how to distribute. The movie business is a streaming platform. (We) have to be one step ahead. Otherwise, we are just following trends,” said Wong, as he also encouraged current industry leaders to share their knowledge and “pass the sword to the next generation”.

    Fred Wang Cheung-yue, chairman of Hong Kong-based pan-Asia movie services group Salon Film, encouraged attendees to “take new ideas” on the use of technology and AI in movie production from the ACBS event, where speakers from Japan, Indonesia, Malaysia, Thailand and the Philippines also gave presentations on trends and initiatives in their respective countries.

    Dato Kamil Othman, chairman of the National Film Development Corporation Malaysia, said his organization had prioritized the training of film producers, with special attention paid to understanding legal issues such as copyright.

    Malaysia has no problems with sending films overseas and a new generation of successful movie professionals are emerging, he said. The main challenges they encounter are internal industry mechanisms, using AI and difficulties working on co-productions, he added.

    “Talent is already there. We just need a good proposition to move forward,” said Kamil, as he also urged the audience to “not be afraid of AI” as it “is not a trend, but a tool and humans are still part of it”.

    In Japan’s content industry, digitalization had also changed the content industry completely, according to Norihiko Saeki, director of the culture and creation industries division under Japan’s Ministry of Economy, Trade and Industry (METI).

    He said Japanese overseas content sales are set to achieve a market size of 20 trillion yen ($6.7 billion) by 2033, under the “New Cool Japan Strategy” adopted in 2024. METI set up 100 action plans this year in consultation with Japanese content industry leaders in order to hit that target, he added.

    He also said they have a “Shooting with Japan Program” agreement with China and Italy, which gives an incentive grant of 1 billion yen.

    Novie Riyadi, chief operating officer at Indonesian animation and post-production company Mocca Studio said Indonesia’s game industry has grown rapidly, driven by government support that helped firms there become “early adopters of AI”.

    He said there were 156 animation companies in Indonesia in 2020 and expects the number to have tripled by now. Among these companies’ successes has been the animated children’s show Baby Zu, he added, which was created to help parents with children who were slow learning to speak.

    In the Philippines, Liza Dino-Seguerra, executive director of the Quezon City Film Commission, said over 120 Filipino films were produced and released in 2023 — a notable rebound following the COVID-19 pandemic.  

    “Streaming has become the dominant force shaping how content is produced, distributed and consumed,” said Dino-Seguerra, who is also former chairperson of the Film Development Council of the Philippines.

    She said international collaborations are also on the rise because of producers’ constant participation in international events and markets, allowing Filipino stories to reach a global audience. Her organization is looking to partner with companies in the Middle East and North Africa region, and Latin America, she added.

    Sirisak Koshpasharin, vice chairman of Thailand’s National Federation of Motion Pictures and Contents Associations, said content streaming in Thailand is also a growing market.

    He put the spotlight on “movie tourism” as many films have been shot in Thailand, bringing with them tourists. Japan topped the list of countries where film producers came from to shoot in Thailand, he said, followed by India, the United States, the Republic of Korea and China. Upgraded government film incentives introduced in December last year, increasing a cash rebate on movie production from 20 percent to 30 percent, had also encouraged the industry, he added.

    “All the big players in the market come to Thailand, but the best spender is Hong Kong,” said Koshpasharin. Last year alone, 490 projects shot in Thailand, generating 6.5 billion Baht ($194 million). Two of the most notable movies filmed there include Jurassic World 4, and Alien: Earth.

    Fred Chong, group CEO of WebTVAsia and award-winning Malaysian musician, said AI “has a face now”, and is capable of taking on real celebrities. The digital human market, he said, is expected to reach $440 billion by 2031.

    When asked what steps his company has taken to fight scams, Chong said on the sidelines of the ACBS summit that content owners need to fight for their own content.

    “If you are not the content owner, you cannot stop illegal uploads. So, it’s the same thing with AI. We talk about deepfake, we talk about illegal use of the face of a famous person. The original owner of the face has to copyright their intellectual property,” said Chong.

    Later on Tuesday a signing ceremony was held for the joint launch of Zheng He’s Voyages to the West by parties from Malaysia, China including Hong Kong, and Saudi Arabia. Zheng, a Chinese explorer and admiral dated hundreds of years ago, is credited for leading the largest fleet in the world then on seven voyages of exploration from Asia to Africa.

    Saudi World of Sounds and Visions Company President Abdullah Al Muheisen, also a Saudi pioneering filmmaker and director, inked a deal with Fred Wang of Salon Films.

    MIL OSI China News

  • MIL-OSI Asia-Pac: President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis

    Source: Republic of China Taiwan

    Details
    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

    Details
    2025-03-04
    President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response
    On the morning of March 4, President Lai Ching-te attended the opening ceremony of the Global Cooperation and Training Framework (GCTF) Workshop on Whole-of-Society Resilience Building, Preparation, and Response. In remarks, President Lai stated that global challenges such as extreme weather, pandemics, and energy crises continue to emerge, and growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, he said, and absolutely no single country can face them alone. The president said that as a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world, and that the GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. President Lai indicated that Taiwan will join the forces of the central and local governments to enhance social resilience across the board, enhance disaster response capabilities in the community, and leverage its strengths to make contributions to the international community. He said that we are demonstrating to the world our determination to create an even more resilient Taiwan, and expressed hope to advance mutual assistance and exchanges with all the countries involved, so that we can together promote stability and prosperity around the world. A transcript of President Lai’s remarks follows: To begin, I would like to welcome more than 60 distinguished guests from 30 countries, as well as experts from Taiwan. You are all here for this GCTF workshop to discuss whole-of-society resilience building, preparation, and response. As a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world. The GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. I want to thank our full GCTF partners, the United States, Japan, Australia, and Canada. Over the past several years, we have worked with even more countries through this framework and have expanded our exchanges into even more fields. Together, we have met all kinds of new challenges. I am confident that as our cooperation grows stronger, so will our ability to promote global progress. Each of today’s guests is contributing a vital force in that regard. I extend my sincere thanks to you all. Global challenges such as extreme weather, pandemics, and energy crises continue to emerge. And growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, and absolutely no single country can face them alone. Taiwan holds a key position on the first island chain, and stands at the very frontline of the defense of democracy. With this joint workshop, we are demonstrating to the world our determination to create an even more resilient Taiwan. We are also aiming to advance our mutual assistance and exchanges with all the countries involved, so that we can make our societies more resilient and together promote stability and prosperity around the world. Moving forward, we will continue advancing the following three initiatives: First, we will join the forces of the central and local governments to enhance social resilience across the board. Just last year, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office. Civilian force training, strategic material preparation, and critical infrastructure operation and maintenance are all key discussion areas for our committee. These aim to enhance Taiwan’s resilience in national defense, economic livelihoods, disaster prevention, and democracy. They are also items on the agenda for this GCTF workshop. To cover all the bases, Taiwan must unite and cooperate as a team. Last year, our committee held the very first cross-sector tabletop exercise at the Presidential Office which included central and local government officials as well as civilian observers. We aim to test the government’s emergency response capabilities in high-intensity gray-zone operations and near-conflict situations. We will continue to hold exercises to help the central and local governments work together more efficiently, and strengthen Taiwan’s overall disaster response capabilities. Second is to enhance disaster response capabilities in the community. We fully understand that to build whole-of-society resilience, we must help people increase risk awareness, know how to respond to disasters, and develop abilities to help themselves, help one another, and work together. We are grateful to the American Institute in Taiwan (AIT) for collaborating with the Taiwan Development Association for Disaster Medical Teams to host “Take Action” workshops around the country since 2021. A 2.0 version is already in practice, and continues to train the public in first aid skills. Director of the AIT Taipei Office Raymond Greene and I took part in a Take Action event in New Taipei City last year and personally saw the positive outcomes of the training. In addition to the Take Action workshops, the government is also providing Disaster Relief Volunteer training for ages 11 to 89, and is continuing to expand its target audience. We have also set up Taiwan Community Emergency Response Teams at key facilities nationwide, enhancing the ability of these important facilities to respond independently to disasters. Civilian training will continue to be refined and expanded so that members of the public can serve as important partners in government-led disaster prevention and relief. Third, we will leverage Taiwan’s strengths to make contributions to the international community. The inspiration for our Disaster Relief Volunteer training comes from a similar program run by The Nippon Care-Fit Education Institute in Japan. I am confident that through exchanges like this workshop, Taiwan and other countries can also inspire one another in many areas, and enhance whole-of-society resilience in multiple ways. Taiwan also excels in information and communications and advanced technology. We will set up even more robust cybersecurity systems, expand usage of emerging technologies, and improve the ways we maintain domestic security. We hope that by leveraging our capabilities and sharing our experiences, Taiwan can contribute even more to the international community. I want to welcome all our partners once again, and thank AIT for co-hosting this event. Let’s continue down the path of advancing global security and developing resilience together. Because together, we can travel farther, and we can travel longer. Also in attendance at the event were Japan-Taiwan Exchange Association Deputy Representative Takaba Yo, Australian Office in Taipei Representative Robert Fergusson, and Canadian Trade Office in Taipei Executive Director Jim Nickel.

    Details
    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

    MIL OSI Asia Pacific News