Category: Business

  • MIL-OSI: WISeKey WISeID Provides Healthcare Security with Decentralized Digital Identities

    Source: GlobeNewswire (MIL-OSI)

    WISeKey WISeID Provides Healthcare Security with Decentralized Digital Identities

    Geneva, Switzerland, March 5, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its WISeID.COM introduces a groundbreaking approach to healthcare data security by enabling decentralized consultations through blockchain-secured digital identities, encryption, and self-sovereign identity (SSI) principles. This next-generation platform ensures that patients maintain full control over their medical records, granting access only to authorized healthcare providers through consent-based permissions, eliminating third-party control and significantly reducing risks of data breaches and identity theft.

    Traditional healthcare systems store patient records in centralized databases controlled by hospitals, clinics, and insurers, limiting interoperability while exposing sensitive data to cyber threats. With WISeID.COM, the healthcare industry can shift towards a decentralized, patient-centric model that enhances privacy, security, and accessibility. Patients can securely share specific medical information with healthcare professionals without exposing their entire health history, ensuring seamless telemedicine and cross-border consultations.

    Advanced Security with Post-Quantum Cryptography and Zero-Knowledge Proofs

    WISeID.COM integrates post-quantum cryptography and zero-knowledge proofs to safeguard medical records from emerging cyber threats. This ensures that:

    • Sensitive health data remains encrypted at all times.
    • Patients can selectively share medical records without disclosing unrelated health information.
    • Telemedicine services and cross-border healthcare providers can securely access patient records without manual transfers or centralized intermediaries.
    • Dynamic access controls enable temporary or conditional data sharing, granting permissions for a limited time or specific use cases.
    • Biometric authentication ensures that only the rightful patient can access and manage their health records.

    Addressing the Failures of Centralized Health Systems

    Current electronic health record (EHR) systems create data silos, limiting accessibility and making it difficult for patients to share their information across different providers or jurisdictions. These systems are frequent targets for cyberattacks, often resulting in the hacking, leaking, or unauthorized sale of sensitive medical data. Worse yet, patients typically lack visibility into who accesses their information, creating a lack of trust and control over their own health records.

    By leveraging blockchain-secured digital identities, WISeID.COM provides an alternative that:

    • Empowers patients with full ownership and control of their health data.
    • Reduces bureaucracy by enabling real-time, consent-based access to records.
    • Improves healthcare trust through a transparent and tamper-proof system.
    • Mitigates security risks associated with centralized storage and unauthorized access.

    A New Era for Secure and Interoperable Healthcare

    WISeID.COM represents a paradigm shift for the healthcare industry, bridging the gap between security, privacy, and interoperability. As healthcare increasingly moves towards digitalization, ensuring data sovereignty and patient control is crucial. WISeID.COM enables a future where health information is secure, verifiable, and instantly accessible, without compromising privacy or patient rights.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com 
    WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network

  • MIL-OSI: Inbank audited Annual Report for 2024

    Source: GlobeNewswire (MIL-OSI)

    The consolidated Annual Report 2024 has been included in the announcement and will be made available on the Inbank investor website at https://inbank.eu/investors/reporting. Compared to the unaudited Interim Report published on 25 February 2025, there are no differences in the audited results. 

    • In 2024, Inbank’s total net income reached 75.5 million euros, increasing by 26% year-on-year, driven by expanding margins and growing portfolio volumes across both the Baltics and CEE regions.
    • The consolidated normalised net profit for the year grew by 51% year-on-year to 15.4 million euros, resulting in a normalised ROE of 11.3%. Including one-off, the net profit  amounted to 12.2 million euros, growing 20% year-on-year and return on equity (ROE) was 9%. 
    • The loan and rental portfolio reached 1.15 billion euros increasing 11% year-on-year, while the deposit portfolio grew by 8% to 1.17 billion euros. At the end of 2024, Inbank’s total assets stood at 1.44 billion euros growing 9% year-on-year.
    • Gross Merchandise Value (GMV) reached a record 715 million euros, reflecting 4% year-on-year growth.
    • By the end of 2024, Inbank had 872,000 active customer contracts and over 6,000 active retail partners. 

    Key financial indicators as of 31.12.2024 

    Total assets EUR 1.44 billion 
    Loan and rental portfolio EUR 1.15 billion 
    Deposit portfolio EUR 1.17 billion 
    Total equity EUR 148 million
    Net profit EUR 12.2 million
    Return on equity 9.0%

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 6,000 merchants, Inbank has 872,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachments

    The MIL Network

  • MIL-OSI: Tyton Partners and Ufi Ventures Release Q4 2024 VocTech Market Report: Tax Increases, Workforce Policy Reforms, and Investor Sentiment in a Shifting Economy

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 05, 2025 (GLOBE NEWSWIRE) — Tyton Partners and Ufi Ventures today released their Q4 2024 VocTech Market Activity Report, providing an in-depth analysis of macroeconomic shifts, employment policy changes, and investment trends shaping the future of vocational education and workforce development. The report highlights ongoing economic pressures, policy reforms, and shifting investor confidence, offering insights into how these factors are reshaping the VocTech landscape.

    Key Findings from the Q4 2024 VocTech Market Activity Report

    • The UK budget raised taxes; in the short term, at least, the new burdens on business are negatively affecting hiring plans and morale. Schools received more money.
    • The Employment Rights Bill has been introduced to Parliament, and the Get Britain Working White Paper has been launched. These are significant reforms to the UK’s employment regulations; changes to provision for young people and to apprenticeships are likely the most important for the VocTech investment community.
    • Political turmoil across Europe and the election of Donald Trump are both likely to have a materially negative effect on the green transition and associated jobs and investments.
    • Demographics are becoming a hot topic. Europe – including the UK – is getting older, and this could have a major effect on productivity and living standards. Immigration as an answer will remain controversial.
    • Deal sizes and volumes are at historically low levels, but some deals are still being made; anecdotally, many are more optimistic about 2025.

    “Tax increases and shifting employment policies are reshaping business strategies,” said Nick Kind, Managing Director at Tyton Partners. “Investors and training providers must navigate these changes to support workforce resilience and sustainable growth.”

    “With demographic changes and political uncertainty shaping the future of work, investment in skills development is more crucial than ever,” said Helen Gironi, Director of Ufi Ventures.

    With tax increases, workforce policy changes, and geopolitical uncertainty impacting hiring and investment, the demand for adaptable and resilient skills development remains critical. Tyton Partners and Ufi Ventures will continue to analyse VocTech investment and policy trends, with key insights shaping the upcoming release of The Jobs Frontier 2025 later this year.

    Read Key Learnings from VocTech Market Activity Q4 2024 here.

    About Tyton Partners

    Tyton Partners is the leading provider of strategy consulting and investment banking services to the global knowledge and information services sector. With offices in Boston and New York City, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy development that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and an unparalleled level of global relationships to make its clients’ aspirations a reality and to catalyze innovation in the sector. Learn more at tytonpartners.com.

    About Ufi Ventures

    Ufi Ventures is the investment arm of Ufi VocTech Trust. Ufi supports the adoption and deployment of technology to improve skills for work and deliver better outcomes for all. By leveraging its depth of experience Ufi Ventures supports its growing portfolio through access to capital, and its wide expert pool and network. Learn more at www.ufi.co.uk/ventures.

    For media inquiries, contact:
    Zoe Wright-Neil
    Tyton Partners, Director of Marketing and Business Development
    zwrightneil@tytonpartners.com

    The MIL Network

  • MIL-OSI: Mavenir and e& UAE Announce Multi-Year Strategic Technology Partnership at #MWC25 Starting with Collaboration in Converged 5G Packet Core

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 05, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, and e& UAE, telecom arm of global technology group e&, announced a collaboration to advance e& UAE’s future of cloud-native converged packet core networks across 4G, 5G (NSA and SA) at Mobile World Congress in Barcelona. This marks a significant milestone in the journey towards next-generation connectivity and digital transformation.

    This long-term partnership leverages cutting-edge technologies and advanced features, including AI-enabled 5G services, automation, and orchestration. This robust infrastructure is designed to support a wide range of future use cases, from enhanced mobile broadband and ultra-reliable low-latency communications to massive machine-type communications.

    With Mavenir and e& UAE coming together, it sets the stage for innovative use cases, including smart cities, autonomous vehicles, industrial IoT, and immersive AR/VR experiences using the latest AI technology. The converged packet core environment ensures seamless transition and readiness for 6G capabilities, paving the way for future advancements in connectivity supporting the expanding business needs of e& UAE.

    Pardeep Kohli, President and CEO of Mavenir: “We are thrilled to partner with e& UAE in deploying a state-of-the-art 5G core network. This collaboration underscores our commitment to driving innovation and delivering cutting-edge solutions that empower our customers. The advanced features and technologies integrated into this network will unlock new possibilities and set the foundation for future 6G capabilities.”

    Khaled Al Suwaidi, core networks and platforms, e& UAE, said: “Our successful collaboration with Mavenir marks a significant step forward in our mission to provide world-class connectivity and digital services to our customers. The deployment of this advanced 5G core network not only enhances our current offerings but also positions us at the forefront of technological innovation. We look forward to exploring new areas together in AI, automation, orchestration, digital BSS, and RCS, to continue delivering exceptional value to our customers.”

    Mavenir and e& UAE are committed to ongoing collaboration in various domains to drive continuous innovation and deliver transformative digital experiences to customers across the region.

    About Mavenir

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    About e& UAE

    e& UAE is the flagship telecom arm of e& in the UAE, built on a 5-decades legacy of connectivity excellence. Our mission is to deliver world-class superior connectivity experiences that fuel the UAE’s future-focused innovation.

    Leveraging the latest world-class technologies, e& UAE aims to transform lives and industries, turning every connection into an opportunity for growth and every interaction into a transformative possibility.

    We are focused on expanding our core services and digital marketplaces by enriching consumer value propositions that cater to new lifestyles and emerging demands beyond core telecom services, including health, insurance and gaming.

    As a trusted enterprise partner, e& UAE continues to power entire industries with 5G and AI, delivering a tailored ecosystem of solutions to meet their connectivity needs and more, empowering them to automate, innovate, transform, and scale.

    Strengthening our leadership position as an AI-powered telco, e& UAE delivers seamless connectivity, cutting-edge AI solutions, and sustainable innovation to uplift people and communities, and empower businesses and industries, so everyone thrives in a digital-first world.

    To learn more about e& UAE, please visit: https://www.etisalat.ae

    Media Contacts

    For more information, please contact:

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5719a435-212f-48b7-b56f-e318b5f9a125

    The MIL Network

  • MIL-OSI China: Strong confidence, policies fuel property market recovery

    Source: China State Council Information Office

    Driven by a series of pro-housing policies, China’s property sector has gained momentum in recent months, with increased transaction activity and renewed development vitality among real estate enterprises, signaling a shift toward a healthier and more sustainable growth trend.

    With improving sentiment among homebuyers, transactions for both new and secondhand homes in multiple cities have shown an upward trend since the beginning of this year, fostering a more balanced relationship between supply and demand in the market, according to industry analysts.

    New residential home sales in Beijing surged 47.11 percent year-on-year last month, with 2,295 units recorded in online sales contracts. Meanwhile, secondhand home transactions, a key segment of the city’s property market, saw a 92.3 percent increase during the same period, according to data from leading real estate website Fang.com.

    In Hangzhou, Zhejiang province, a second-tier city and hub for leading sci-tech firms, the number of daily visits to a new residential site in Xihu district, developed by Vanke, surpassed 100 groups during the first weekend after the Spring Festival holiday, double the figure from the previous week.

    This trend can be attributed to improving customer sentiment, driven by the city’s rising prominence and promising development prospects, according to the project’s marketing manager.

    The growing turnover volume has helped relieve destocking pressure in the property market. The average destocking period for new residential homes in 100 Chinese cities was 21.3 months in January, a remarkable drop from the previous peak of 26.8 months, data from the E-house China R&D Institute showed.

    “The shorter destocking cycle will create more favorable conditions for achieving a balanced supply and demand relationship in the real estate market throughout the year,” said Yan Yuejin, deputy director of the institute.

    As the property market continues to rebound, leading domestic and foreign real estate developers are accelerating land acquisitions and leveraging expanded financing channels, signaling a broader recovery trend across the industry.

    Shanghai’s first batch of land auctions for 2025, which began on Feb 20, saw a strong return of property developers eager to acquire land. Gemdale Group made its first land purchase in the city in 21 months, while Singapore-based developers Frasers Property and Kheng Leong Co joined the bidding, bringing the total transaction value to 15.93 billion yuan ($2.19 billion).

    Poly Developments and Holdings Group recently announced the purchases of six land parcels in cities like Guangzhou and Foshan in Guangdong province, and Sanya in Hainan province, with total investments nearing 10 billion yuan. Meanwhile, Vanke secured four development sites in Tianjin, Hebei province’s Tangshan, Guangdong’s Guangzhou and Guizhou province’s Guiyang, covering a combined land area of 213,000 square meters.

    Analysts believe the latest acquisitions by leading developers signal renewed confidence about the sector’s prospects and growing optimism in the market’s long-term outlook as government support measures gain traction.

    Since last year, Chinese policymakers have introduced a series of measures — from financial stimuli to regulatory adjustments — to bolster the property sector. These include mortgage rate cuts, lower down payment requirements, eased purchase restrictions and financing coordination mechanisms to enhance funding support for developers.

    According to data from the National Financial Regulatory Administration, the approved loan amount for “white list” projects, designed to support companies with reasonable financing needs, reached 5.6 trillion yuan by Jan 22, surpassing the initial target of 4 trillion yuan.

    As China navigates further policy support for the sector, it has vowed to actively promote the use of local government special bonds for efficient management of idle land and disposal of existing commercial housing, while leveraging financial tools such as loans and bonds to support stable financing for the real estate sector, according to an official in charge of the mechanisms.

    Chinese property companies have also experienced positive shifts in financing through more diversified channels, including domestic and overseas bond markets. These developments reflect improved financing capabilities of the enterprises and stronger confidence among foreign institutions in these developers, according to Yan.

    In January, bond financing of real estate enterprises reached 50.98 billion yuan in total, with declining interest rates compared to the same period last year, data from the China Index Academy showed.

    Last month, Greentown China announced the issuance of $350 million in dollar-denominated bonds maturing in 2028. This marks the first dollar bond issuance by a private real estate enterprise this year, and industry experts believe it will encourage more real estate enterprises to resume overseas financing.

    As market-stabilizing policies take effect, the upward trend across the industry will become increasingly evident, pushing the entire industrial chain in the sector into a positive recovery cycle, said Zhang Yan, an analyst from property research institution CRIC.

    Looking ahead, China is expected to see a recovery in both supply and demand in the property sector and month-on-month turnover growth during the peak sales season known as “Golden March and Silver April,” with sales surges likely to occur in multiple cities, according to the CRIC.

    MIL OSI China News

  • MIL-OSI USA: Crapo Applauds President’s Vision for Restoring Economic Opportunity

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington D.C.–U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) issued the following statement after President Donald Trump’s Joint Address to Congress.
    “Tonight, President Trump detailed his early accomplishments and outlined an ambitious agenda.  In just a few short weeks, this Administration has taken great strides to correct course from the last four years by securing our homeland, re-establishing American strength, unleashing American energy and boldly addressing the size and scope of the federal government in an historically transparent fashion. 
    “Looking forward, one of the President’s top priorities this year–which I share as Chairman of the Senate Finance Committee–is to prevent an over-$4 trillion tax hike on American workers and businesses by permanently extending and building on his signature tax bill from 2017, the Tax Cuts and Jobs Act.
    “If President Trump’s tax cuts are not renewed before the end of this year, average American families will be hit with thousands of dollars in tax increases, millions of small business owners will see their tax rates skyrocket, and millions of jobs will be in jeopardy.  Idahoans alone will see their taxes go up by an average of $2,554 in 2026.  Working class Americans have the most on the line, as the majority of the tax cut’s expiration would fall on those making less than $400,000 per year. 
    “The President has been clear: we must permanently extend the Trump Tax Cuts and prevent a massive tax hike on American workers, families and small businesses.
    “Americans across the board benefited from a roaring economy in the wake of President Trump’s 2017 tax cuts.  Workers got ahead as household incomes increased and every demographic benefitted from a strong labor market.  The unemployment rate plummeted to the lowest levels in 50 years and the largest wage increases were seen by the lowest-earning workers.  Business investment increased productivity and innovation, bringing companies back home and making the U.S. economy the envy of the world.
    “Extending this current, proven tax policy–and building upon it–is the best way to restore economic prosperity and opportunity for Idaho’s hardworking families, many still struggling to recover from the historic inflation of the last four years.
    “Failure to extend the Trump tax cuts is simply not an option.  I am committed to working with the Administration and congressional leadership to make these tax cuts permanent and provide relief and certainty to families and businesses across America.”

    MIL OSI USA News

  • MIL-OSI USA: Crapo Statement on President Trump’s Joint Address to Congress

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho) issued the statement below following President Trump’s Joint Address to Congress.

    To view an abbreviated version of Senator Crapo’s remarks, click HERE or the image above.
    “Tonight, President Trump detailed his early accomplishments and outlined an ambitious agenda.  In just a few short weeks, this Administration has taken great strides to correct course from the last four years by securing our homeland, re-establishing American strength, unleashing American energy and boldly addressing the size and scope of the federal government in an historically transparent fashion. 
    “Looking forward, one of the President’s top priorities this year–which I share as Chairman of the Senate Finance Committee–is to prevent an over-$4 trillion tax hike on American workers and businesses by permanently extending and building on his signature tax bill from 2017, the Tax Cuts and Jobs Act.
    “If this popular tax law expires at the end of this year, average American families will be hit with thousands of dollars in tax increases, millions of small business owners will see their tax rates skyrocket, and millions of jobs will be in jeopardy.  Idahoans alone will see their taxes go up by an average of $2,554 in 2026.  Working class Americans have the most on the line, as the majority of the tax cut’s expiration would fall on those making less than $400,000 per year. 
    “The President has been clear–we must permanently extend the Trump Tax Cuts and prevent a massive tax hike on American workers, families and small businesses.
    “Americans across the board benefited from a roaring economy in the wake of President Trump’s 2017 tax cuts.  Workers got ahead as household incomes increased and every demographic benefitted from a strong labor market.  The unemployment rate plummeted to the lowest levels in 50 years and the largest wage increases were seen by the lowest-earning workers.  Business investment increased productivity and innovation, bringing companies back home and making the U.S. economy the envy of the world.
    “Extending this current, proven tax policy–and building upon it–is the best way to restore economic prosperity and opportunity for Idaho’s hardworking families, many still struggling to recover from the historic inflation of the last four years.
    “Failure to extend the Trump tax cuts is simply not an option.  I am committed to working with the Administration and congressional leadership to make these tax cuts permanent and provide relief and certainty to families and businesses across America.”

    MIL OSI USA News

  • MIL-Evening Report: Australia’s economy has turned the corner, and consumer spending was a big help

    Source: The Conversation (Au and NZ) – By Stephen Bartos, Professor of Economics, University of Canberra

    Australia’s economy expanded at the fastest pace in two years in the December quarter, boosted by an improvement in household spending and stronger exports.

    The Australian Bureau of Statistics’ national accounts report today said the economy grew by 0.6% in the quarter. It attributed this to “modest growth […] broadly across the economy […] supported by an increase in exports”.

    Annual gross domestic product (GDP) growth for the year to December 2024 was 1.3%. That’s not especially high in historical terms, but as good as we have seen since late 2022. The long-term average growth for the Australian economy is closer to 2.7%.

    It is one of the last pieces of major economic data before the next federal election, and will provide some comfort to the Labor government.

    The per capita recession is over

    A further encouraging sign is that GDP per head of population is no longer shrinking. It is tiny, rising a mere 0.1%, but at least is positive.

    This follows seven consecutive quarters where the per capita measure declined. Today’s report ends what some call a “per capita recession”: when the economy grows slower than population, so in terms of production per person we actually go backwards.

    Households spent more – on furniture, appliances, clothing, hotels, cafes and restaurants, health care and electricity. Consumption grew by 0.4% – which added to economic growth.

    Households also saved more – the saving to income ratio grew from 3.6% to 3.8%, the highest in nine quarters. How were households able to save, even while they spent more? The answer is wages are growing even more strongly.

    Employee compensation increased by 2% across the board, in both the public and private sectors. The compensation figure also reflects a 0.7% increase in hours worked.

    Other contributors to positive economic growth in the quarter were government spending and exports of goods and services. Agriculture was a strong performer (up 7.3%) due to meat exports to the United States and increased grains production following favourable weather conditions.

    What GDP doesn’t measure

    Nevertheless, GDP does not capture important dimensions of wellbeing.

    It omits things we value such as unpaid work, and the natural environment. Spending on recovery from a disaster improves GDP; if disaster never happens the numbers are unaffected.

    Australian statistician David Gruen outlined the limitations of GDP in a speech he gave in 2010, while still at Treasury. Economists and statisticians alike recognise those limitations.

    Still, the alternative to GDP growth is a recession: people lose jobs and income, businesses go broke. So overall, this latest release is a positive set of numbers for Australia.

    Improving outlook

    The trajectory for economic growth is looking good.

    The December quarter was an improvement on the September quarter’s result of 0.3%, and 0.2% in the June quarter. That September quarter result turned out, as predicted,
    to be a turning point.

    We now seem to be on a pathway for continuing growth. The December quarter, remember, came before the Reserve Bank cut interest rates in February. Falling interest rates will benefit not only mortgage holders but also business borrowers.

    Inflation has fallen to a level that gives optimism on possible future interest rate cuts.

    Nevertheless, although the rate of inflation is falling, this does not mean prices are coming down. They are merely rising more slowly than before. The inflation number is also an average. Some goods or services have higher than average price rises, others lower. People tend to pay attention to the prices that rise, not those that stay the same or decline.

    In short, these numbers may not make too much of a difference to the government’s election prospects. People will still be worried about the cost of living.

    International events beyond our control

    If voters pay attention to international politics, they also know our current economic sunshine might not last.

    US President Donald Trump has imposed 25% tariffs on Canadian and Mexican imports, and doubled the tariff on Chinese imports from 10% to 20%. The affected countries are talking about retaliation.

    Even if the US does not impose tariffs on Australian products (which remains a possibility, but Australian diplomats are lobbying hard to head it off), there is an impact from the US tariffs on China.

    We rely on China as our major trading partner. If its economy slows, so will ours. China has responded to the threat of tariffs today with a fresh stimulus package.

    Even more worrying is if the trade wars spread to other countries. Protectionism and insularity harms economies. Spread widely it can lead to a global recession.

    Even though the December quarter national accounts show good signs of economic recovery and bode well for the future, international events beyond Australia’s control might yet derail our positive prospects.

    Stephen Bartos 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. Australia’s economy has turned the corner, and consumer spending was a big help – https://theconversation.com/australias-economy-has-turned-the-corner-and-consumer-spending-was-a-big-help-251262

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Trump is the kinglike president many feared when arguing over the US Constitution in 1789 – and his address to Congress showed it

    Source: The Conversation – USA – By Maurizio Valsania, Professor of American History, Università di Torino

    President Donald Trump addresses a joint session of Congress at the U.S. Capitol on March 4, 2025. Chip Somodevilla/Getty Images

    If there are any limits to a president’s power, it wasn’t evident from Donald Trump’s speech before a joint session of Congress on March 4, 2025.

    In that speech, the first before lawmakers of Trump’s second term, the president declared vast accomplishments during the brief six weeks of his presidency. He claimed to have “brought back free speech” to the country. He declared that there were only two sexes, “male and female.” He reminded the audience that he had unilaterally renamed an international body of water as well as the country’s tallest mountain.

    “Our country is on the verge of a comeback the likes of which the world has never witnessed, and perhaps will never witness again,” Trump asserted.

    The extravagant claims appear to match Trump’s view of the presidency – one virtually kinglike in its unilateral power.

    It’s true that the U.S. Constitution’s crucial section about the executive branch, Article 2, does not grant the president unlimited power. But it does make this figure the sole “Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States.”

    This monopoly on the use of force is one way Trump could support his 2019 claim that he can do “whatever I want as President.”

    Before Trump’s speech, protesters outside had taken issue with Trump’s wielding of such unchecked power. One protester’s sign said, “We the People don’t want false kings in our house.”

    With those words, she echoed a concern about presidential power that originated more than 200 years ago.

    Many Americans, including these protesting in Washington, D.C. on March 4, 2024, have long resisted the idea of the president as a king.
    AP Photo/Jose Luis Magana

    Remnants of the monarchy

    When the Constitution was written, many people – from those who drafted the document to those who read it – believed that endowing the president with such powers was dangerous.

    Ratified after a lot of huffing and puffing, on May 29, 1790, by rather nervous citizens, the text of the Constitution had stirred many controversies.

    It wasn’t just the oftentimes vague language, which includes head-scratchers such as the very preamble, “We the People of the United States.” Nor was the discomfort due solely to the document’s jarring brevity – at 4,543 words, the U.S. Constitution is the shortest written Constitution of any major nation in the world.

    No, what made that document especially problematic, to borrow from John Adams, was that it provided for “a monarchical Republick, or if you will a limited Monarchy.”

    Adams would eventually become the nation’s second president in 1797. Even though he was a staunch supporter of the Constitution, he was honest enough to take a hard look over the political layout of the new nation. And what he found were remnants of the British monarchy and traces of a king whose unchecked abuses had led the Colonists to demand their independence in the first place.

    “The Name of President,” Adams couldn’t help concluding in a letter to prominent Massachusetts lawyer William Tudor, “does not alter the Nature of his office nor diminish the Regal Authorities and Powers which appear clearly in the Writing.”

    John Adams, left, one of four founders pictured here, was concerned that the Constitution gave the president ‘Regal Authorities and Powers.’
    Stock Montage/Archive photos, Getty Images

    While Adams was only somewhat uncomfortable, as a historian of the early republic I can stress that other observers at the time were downright appalled.

    In a 1787 article published in the Philadelphia Independent Gazetteer, “An Old Whig” – identity unknown – wrote, “The office of President of the United States appears to me to be clothed with such powers as are dangerous.”

    As the commander in chief of the Army, the American president “is in reality to be a king as much a King as the King of Great Britain, and a King too of the worst kind – an elective King.”

    Consequently, as the author of this article resolved, “I shall despair of any happiness in the United States” until this office is “reduced to a lower pitch of power.”

    ‘Subjects of a military king’

    Concern over a commander in chief declaring martial law, no matter the legality of the measure, was similarly on the minds of the Americans who had read the Constitution.

    In 1788, a patriot who went under the pseudonym of “Philadelphiensis” – real name, Benjamin Workman – issued a sweeping warning. Should the president decide to impose martial law, “your character of free citizens” would be “changed to that of the subjects of a military king.”

    A president turned military king could “wantonly inflict the most disgraceful punishment on a peaceable citizen,” the piece continued, “under pretence of disobedience, or the smallest neglect of militia duty.”

    George Mason worried that giving the president pardon power would mean pardons granted to ‘prevent a discovery of his own guilt.’
    New York Public Library, Smith Collection/Gado/Getty Images

    Another power given to the president was also universally considered extremely dangerous: that of granting pardons to individuals guilty of treason.

    Maryland Attorney General Luther Martin reasoned that the treason most likely to take place was “that in which the president himself might be engaged.” What the president would do, Martin wrote, would be “to secure from punishment the creatures of his ambition, the associates and abettors of his treasonable practices, by granting them pardons.”

    George Mason, who participated in the Constitutional Convention and also drafted Virginia’s state Constitution, foresaw a gloomy scenario. He shivered at the idea of a president who would “screen from punishment those whom he had secretly instigated to commit the crime, and thereby prevent a discovery of his own guilt.”

    Choosing ‘villains or fools’

    The framers did limit executive power in one significant way: The president of the United States is subject to impeachment and, upon conviction of treason or other high crimes, removal from office.

    But in the meantime, the president may enact irreparable damage.

    The Constitution was finally ratified – but only begrudgingly by the American citizens, who feared a president’s abuse of power. More persuasive than the legal restraints placed on the office, the belief that the people would choose their leader wisely tipped the scale toward approval.

    Delegate John Dickinson asked a rhetorical question: “Will a virtuous and sensible people chuse villains or fools for their officers?”

    Also, 18th-century common sense deemed it improbable that a person without virtue and magnanimity would run for the nation’s highest office. Americans’ faith in their first president, the upstanding George Washington, helped convince them that all would end well and their Constitution would be sufficient to protect the republic.

    The Federalist Papers, the 85 essays written to persuade voters to support ratification, were suffused with this optimism.

    People “of the character marked out for that of the President of the United States” were widely available, said the Federalist #67.

    “It will not be too strong to say,” reads Federalist #68, “that there will be a constant probability of seeing the station filled by characters pre-eminent for ability and virtue.”

    In the Nov. 1, 1787, edition of The Independent Gazetteer, one reader wrote, ‘The office of President of the United States appears to me to be clothed with such powers as are dangerous.’
    ConSource

    Government of laws?

    Adams wasn’t so optimistic. He wavered. And then he flipped the issue on its head.

    “There must be a positive Passion for the public good … established in the Minds of the People,” he had written in a 1776 letter, “or there can be no Republican Government, nor any real liberty.”

    After almost 250 years of uninterrupted republican life, Americans are used to thinking that their nation is secured by checks and balances. As Adams kept repeating, America aims at becoming “a government of laws, and not of men.”

    Americans, in other words, have long believed it is their institutions that make the nation. But the opposite is true: The people are the soul and the conscience of the republic.

    Everything, in the end, boils down to the character of these people and the control they assert over who becomes their most important leader.

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

    ref. Trump is the kinglike president many feared when arguing over the US Constitution in 1789 – and his address to Congress showed it – https://theconversation.com/trump-is-the-kinglike-president-many-feared-when-arguing-over-the-us-constitution-in-1789-and-his-address-to-congress-showed-it-251294

    MIL OSI – Global Reports

  • MIL-OSI USA: Luján Statement on President Trump’s Address to Congress

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján

    WATCH: Earlier today, Senator Luján’s guest, Katy Anderson, took to a national stage to share the importance of Roadrunner Food Bank’s work and the importance of protecting nutrition programs

    Washington, D.C. – U.S. Senator Ben Ray Luján (D-N.M.) issued the following statement in response to President Trump’s address to a Joint Session of Congress:

    “President Trump’s address tonight was more of the same: chaos, corruption, and increased costs. The President doubled down on increasing costs for American families while promoting Elon Musk’s efforts to take a wrecking ball to the federal government that serves New Mexicans and the American people. As a result, thousands of hardworking civil servants have lost their jobs. 

    “On the heels of President Trump’s sweeping tariffs against our largest trading partners that could cost Americans up to $2,000 a year, his address focused on redirecting blame rather than outlining a plan to make goods more affordable. Under his administration, costs are rising, inflation is up, and unemployment is climbing.

    “President Trump and Elon Musk are gutting federal programs, indiscriminately firing hardworking federal workers, and weakening our country. I’ve heard from New Mexicans impacted by DOGE in every corner of our state – from those who support our National Labs to the many hardworking veterans fired from their jobs. 

    “Next, President Trump and Elon Musk are preparing to pay for the Republican Tax Scam 2.0 by gutting Medicaid and other essential programs.”

    MIL OSI USA News

  • MIL-OSI Australia: Interview with Olivia Caisley, Afternoon Briefing, ABC

    Source: Australian Treasurer

    Oliva Caisley:

    To unpack that and much, much more today, let’s bring in our political panel, LNP Senator Paul Scarr and Assistant Minister for Competition Andrew Leigh.

    Welcome to you both to the program. There is plenty of news to get through today. Paul let’s start with you quickly first. You’re in Queensland, which is in the path of Cyclone Alfred.

    Paul Scarr:

    Yep.

    Caisley:

    How prepared is your community?

    Scarr:

    I think the community is as prepared as it can be. There’s very close liaison between all 3 levels of government: the federal government, the state government, the local government authorities. Sandbags are being made available, people are being given warnings and suggestions and recommendations as to how to prepare. And the community’s coming together, as Queenslanders always come together, whether or not it’s in North Queensland or in the southeast corner, we come together at times like this and help each other.

    Caisley:

    And Paul, we just heard there before the WA Premier Roger Cook referring to the American Vice President as a ‘knob’ over that extraordinary argument that took place in the Oval Office over the weekend. Is that an appropriate way for a state leader to be speaking?

    Scarr:

    I don’t believe so. I don’t believe it is. And I don’t believe it’s helpful. And from my perspective, I think our focus here in Australia should be on Australia’s commitment to the people of the Ukraine, and in respect of that commitment, it’s quite bipartisan.

    And before the last election, the Coalition government had a very strong position with respect to assisting the people of Ukraine and Ukraine’s right to its sovereignty, its own secure sovereign borders, and that policy has continued, notwithstanding there was a change in government after the last election. So, I think we should focus on what Australia’s policy is.

    Caisley:

    And Andrew, what did you think?

    Andrew Leigh:

    Well, US politics is endlessly interesting, and it’s always tempting to express your view every time something happens over in the US. But we’re really focused right now on the challenges that Australia faces.

    As Paul said, preparing for Cyclone Alfred, which is looking like making landfall either on Thursday or Friday of this week.

    I would urge any of your viewers who are able‑bodied to consider signing up for EV CREW, a great on‑the‑ground operation which allows you to help out in the local community.

    And as Paul said, there’s bipartisan support for Ukraine. Australia has given $1.5 billion in assistance, of which $1.3 billion is military aid.

    Caisley:

    We have just seen in the past couple of hours the United States announcing that it’s actually going to freeze aid or support to Ukraine. Could I get both of your response to that? Let’s start with you, Paul.

    Scarr:

    Well, again, that’s a matter for the United States government, and again, I think we should focus on what Australia’s position is. And I attended a campaign rally on the third anniversary of the invasion of Ukraine. There were representatives, again, from all levels of government, both major political parties in Australia, and we’re on the same page in terms of continuing to provide our support to the people of Ukraine. And that’s the way it should be.

    Caisley:

    I was watching Donald Trump’s press conference in the early hours of this morning, and in it, he said that Volodymyr Zelenskyy needs to show more appreciation. We then have seen these reports that aid will be paused until Volodymyr Zelenskyy demonstrates a good faith commitment to peace.

    How does this at all, or if at all, Andrew, change the security equation for Australia?

    Leigh:

    Well, you’ve seen in London a range of European powers stepping in and taking important steps towards peace. It is really important that we see peace in Ukraine. This is a war started by Russian aggression. Australia has stood steadfastly with the people of Ukraine.

    I joined with a range of parliamentarians who met with the Ukrainian Ambassador to Australia during the most recent parliamentary sitting to again show the solidarity of Australians for Ukraine.

    We’ve got the Bushmasters there, the Abrams tanks. We have been a strong supporter of the people of Ukraine, as is appropriate for a fellow democracy seeing the brutality that has been waged on the people of Ukraine through an utterly unprovoked war started by Russia.

    Caisley:

    There’s bipartisanship when it comes to support for Ukraine, but we have seen a point of difference emerging between Peter Dutton and Anthony Albanese when it comes to boots on the ground or potential peacekeeping missions. The Prime Minister today not ruling out sending troops over there; this is in contrast to the Opposition Leader.

    Paul, on the politics of this, is Labor outmanoeuvring the Coalition here on an issue that the Coalition usually feels pretty comfortable in?

    Scarr:

    I don’t believe so. And I think the Coalition was in government when Russia launched its illegal invasion of Ukraine, and we were at the forefront in terms of an appropriate policy response to that, including providing humanitarian places for refugees from Ukraine to Queensland, many of whom I met shortly after their first arrival.

    In terms of so‑called boots on the ground, I think the point Peter Dutton has made, and I think he’s correct, the onus should really be on the Europeans in terms of providing boots on the ground as peacekeepers, and they’ve got the capacity to do that. Australia has its own obligations in the Asia‑Pacific region and from my perspective, given the Europeans have the capacity and we have our own obligations in our own region, I think that’s where our focus should be.

    Caisley:

    Okay. Andrew, I just wanted to get a sense from you from the government’s perspective. So, this openness, I guess, to having boots on the ground is a shift or 180 from the Prime Minister’s office position yesterday. They provided the ABC with a statement saying the deployment of troops wasn’t under consideration. Today, there has been a shift in that view. What has, I guess, prompted that change?

    Leigh:

    Well, Olivia, I think we probably don’t want to get ahead of ourselves in this. The Prime Minister has simply said that Australia would consider such a request if it was to come through.

    Paul’s quite right that the primary role is going to be played here by the Europeans, as it has been throughout this terrible conflict.

    Caisley:

    Do you think, Paul, that it’s even possible to get out from under the US security umbrella, given how close we are as allies with the United States? Is it something that should be considered given the, I guess, particularly febrile environment in the Oval Office right now?

    Scarr:

    Well, the United States is one of our closest allies and our most important ally, and I think that will continue for decades and decades to come. And the historical links between the 2 countries and, more recently, developments such as AUKUS just demonstrate the continuity of that relationship. And I just don’t see any change in that relationship, either in the short term, medium term, or even the long term.

    Caisley:

    Andrew, the Coalition today say they want to stop public servants from working from home. The Independent Senator David Pocock has described this as a culture war distraction. What’s your response to that?

    Leigh:

    Well, another day, another attack on the public service from Peter Dutton. First, he’s saying that we should fire one in five public servants and go back to the days of Robodebt and excessive waiting times. Now he’s suggesting that the kind of modern working arrangements that big Australian corporations extend to their workers shouldn’t exist in the public service.

    What that would mean is that women with caring responsibilities, people with disabilities, would be fired in droves from the public service, and the Australian public would lose out from having less capable people working in the public service.

    Just to take one example, the wait time for a parental leave application to be processed when we came to office was 31 days. We’ve got that down to 3 days. We had a backlog of 42,000 veterans claims, and we’ve dealt with 97 per cent of that backlog.

    You can’t fire one in five public servants without dramatically worsening the public services in Australia and going back to Robodebt and long wait times.

    Caisley:

    Paul, I’ll give you an opportunity to defend the Coalition policy. Why is this a good idea to crack down on public servants working from home?

    Scarr:

    I think we’ve seen across the whole economy, both private sector and the public sector, dealing with this phenomenon that during the COVID‑19 pandemic, more and more people were working from home, and there were reasons for that. But there’s been a slow return back to the workplace, and a lot of the private sector businesses I speak to talk about the concern they’ve had in terms of collaboration in the office, in terms of communication, in terms of productivity.

    And I think the obvious point is being made that when you’ve got people working together in the workplace, collaborating, having those hundreds of interactions you have every single day in a workplace, you’re more productive and quite often, you achieve better results.

    So, the other thing to note is all existing agreements and arrangements will be respected. The simple policy point is if you are going to have a working from home policy, it needs to suit the individual, but it also needs to suit the workplace, and that means people need to work collaboratively together and adopt a common‑sense approach.

    Caisley:

    Just on that, though, Paul, can you give me a sense, is this something that’s being brought up with you in your electorate, is this a concern that’s been raised with you by your constituents?

    Scarr:

    I think the concern about the work from home phenomenon has been raised with me ever since we started coming out of the COVID‑19 pandemic. And just to give you one example, in many of the professional services firms, when I was a young lawyer I’d attend the workplace and you’d have the benefit of that interaction with mentors, with leaders, get all that guidance you got on an ad hoc basis, and a lot of young workers, new employees, have missed out on that because of this increase in working from home.

    So, I think this isn’t an issue to be simplified. I note Andrew’s political spin on it, but there are real issues here in terms of how our workplaces function and how they can be the most productive in terms of what they’re doing.

    Leigh:

    Olivia, if I can just come back on that.

    Caisley:

    Yes, please.

    Leigh:

    I mean, you can either have the position that you want to have a reasonable discussion in respect of workplace arrangements, or you can have the announcement that the Coalition made today that all public servants are coming back into the office.

    Either Paul is rejecting the policy that Jane Hume put forward, or else he is supporting that, and that would immediately mean that a whole lot of people would lose their jobs who have disabilities and caring responsibilities.

    The fact is the Coalition want to play these kind of ideological games. They want to pretend that public servants are all in Canberra. Two‑thirds of our public servants are outside Canberra, and tens of thousands are working in the region.

    Public servants are out there processing tax returns, dealing with cyber security, keeping Australians safe from terrorist threats, dealing with biosecurity challenges. You simply cannot manage a 21st‑century Australia by firing one in five public servants, as the ideologically driven Dutton Opposition would do.

    Caisley:

    So, Paul, maybe if I just go back to you quickly there. I mean, clearly, the public service is in the Coalition’s sights if they do form government. Ultimately, we saw Peter Dutton just a couple of weeks ago on making that Medicare announcement that ultimately he’ll help fund that by, I guess, cutting public servant jobs.

    Scarr:

    Well, I just want to come back to some of the points which Andrew made, and I think it’s really important to note that people need to consider what my good friend Jane Hume said in its totality. And in its totality, it referred to the fact that existing working arrangements will of course be respected, will of course be respected. And that’s the way it should be.

    But in terms of moving forward, you need to have work from home arrangements – and it doesn’t matter if you’re the private sector or the public sector – which are in the best interests of both the employer, in this case the public service, the department, and also the employee.

    So, I think what we’re seeing from Labor is a really disappointing scare campaign. A lot of businesses, a lot of workplaces across the world have struggled with this working from home phenomenon which broke out during the COVID‑19 pandemic, or certainly accelerated, and we’re now trying to achieve more balance.

    Caisley:

    Look, we do have some breaking news now. China will impose retaliatory additional tariffs of 10 to 15 per cent on certain US agricultural imports from March 10. That’s according to a statement from the Chinese Finance Ministry. These goods will include soy beans, pork, beef, fruits, vegetables and dairy products and those duties to kick in next week by the looks of things. I know this is just happening now, but Paul, do you have a response to that?

    Scarr:

    Well, I’d just say from an Australian perspective that tariffs, trade barriers are simply not in Australia’s best interests as a general principle. We are a trading nation. We depend upon trade. And free and open trade is so important to Australia’s economy.

    So, it’s up to the Chinese government what its policy is, but from Australia’s perspective, looking at Australia’s perspective, we are a trading nation. And tariffs and other trade barriers are not in our best interests no matter who applies them.

    Caisley:

    I mean, and Andrew, I’d love your thoughts on this too. At the moment, Australia’s waiting to see if we’ll be slapped with 25 per cent tariffs on steel and aluminium. Now we’re hearing that China is slapping its own tariffs, retaliatory ones on the US. Do you have a view on this?

    Leigh:

    Well, economists disagree about a range of issues, but one thing on which there’s near universal consensus is on the benefits of open markets. Paul’s dead right on tariffs. A trade war doesn’t have any winners. Australia has been benefitted from open markets and from our engagement with the rest of the world.

    We’re just 0.3 per cent of the world’s population, a small share of the world’s economy, and trade allows us to specialise in what we do best and enjoy higher living standards than if we were cut off from the rest of the world.

    So, we’ll continue to argue for trade liberalisation, to work with through multilateral organisations for an open trading system, and to engage with like‑minded partners in order to spread the benefits of open markets, which have been such a key driver of prosperity over recent decades.

    Caisley:

    Andrew, Paul, thank you so much for your time this afternoon.

    Leigh:

    Thanks, Olivia. Thanks, Paul.

    Caisley:

    I note that date, the 10th of March, probably no coincidence there because that is when the US tariffs on China are due to take place as well.

    MIL OSI News

  • MIL-OSI: Master Attraction Launches the First AI Dating Coach Trained by a Proven Expert

    Source: GlobeNewswire (MIL-OSI)

    Photo Courtesy of Dan Bacon

    PHILADELPHIA, March 04, 2025 (GLOBE NEWSWIRE) — Master Attraction, a leading dating education platform for men, today announced the launch of Dan Bacon AI, the world’s first artificial intelligence dating coach trained by a renowned expert. This tool aims to change the dating landscape by providing men with instant, personalized advice based on proven techniques.

    Dan Bacon, founder of Master Attraction, states, “We’ve distilled two decades of successful coaching into an AI that understands the nuances of human attraction. It’s not about cheesy pickup lines or gimmicks; it’s about becoming the best version of yourself so you can get into a relationship and keep it happy, in love, and together for life.”

    Dan Bacon’s AI coach is structured around 124 naturally attractive traits, which he explains are backed by scientific principles of attraction. These traits, ranging from confidence, charisma, and flirting to emotional intelligence, form the core of the Master Attraction curriculum. The AI analyzes user inputs, including text conversation screenshots and detailed descriptions of social situations, to provide tailored advice based on Bacon’s extensive database of successful interactions.

    Dan Bacon AI aims to address common issues in modern dating by offering step-by-step guidance tailored to each user’s specific circumstances. From teaching men what to say and do to displaying the traits that naturally attract women, to navigating a first date, the AI draws from a vast database of successful advice that gives results.

    “The real challenge for most men isn’t finding women to talk to,” Bacon asserts. “It’s knowing the right techniques to attract a girlfriend and maintain a lasting relationship. Our AI coach provides instant, expert guidance based on proven methods that have helped thousands of men worldwide find real success.”

    Dan Bacon adds, “Our proven system is already helping men achieve real success in dating and relationships. The AI delivers instant, personalized guidance that works – we’re seeing men build genuine connections with women and find lasting relationships every day.”

    To learn more about Dan Bacon AI and Master Attraction’s innovative approach to dating education, visit www.masterattraction.com.

    About Master Attraction

    Master Attraction is a leading online platform dedicated to helping men improve their dating and relationship skills. Founded by Dan Bacon, a renowned dating and relationship expert with over two decades of experience, Master Attraction offers a range of products and services designed to help men build confidence, attract a girlfriend and maintain a healthy relationship.

    Contact Information:

    Dan Bacon
    Master Attraction
    https://www.masterattraction.com/
    media@masterattraction.com
    Philadelphia, US

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3fcbea42-8311-4adf-affb-31a2d8354416

    The MIL Network

  • MIL-OSI USA: Governor Lamont Statement on President Trump’s Joint Address to Congress

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont released the following statement regarding President Donald Trump’s joint address to Congress:

    “Tonight, President Trump delivered a joint address to Congress, and while I appreciate the opportunity to hear directly about his administration’s priorities, I urge him to focus on policies that lift up everyday American families and provide states with the predictability we need to deliver our budgets efficiently.

    “The rising cost of living is one of the biggest challenges for Americans. The administration’s new tariffs on our closest trading partners will further drive up costs, including the cost of energy in New England, at a time when we’re working to find ways to lower rates. These abrupt shifts in trade policy create further uncertainty for businesses, discouraging investment and hiring as companies navigate an increasingly unstable economic environment.

    “Perhaps most troubling are the proposed cuts in Medicaid and food assistance programs currently being debated in Congress. These programs provide a lifeline for our most vulnerable populations, and reducing them would have devastating consequences for families, children, and seniors across our state. I strongly urge Congress and the administration to reconsider these harmful policies and instead work with states on responsible solutions that support – not undermine – our economic security.

    “Despite this, I remain committed to working on areas where we can find common ground, especially on tackling the high cost of energy, rebuilding our infrastructure, and lowering the cost of healthcare. These are challenges that demand bipartisan solutions, and I will continue working to ensure policies that strengthen Connecticut’s economy and safeguard our communities.”

     

    MIL OSI USA News

  • MIL-OSI Economics: Money Market Operations as on March 04, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,66,314.76 5.97 4.99-6.50
         I. Call Money 13,610.28 6.27 5.15-6.40
         II. Triparty Repo 3,82,192.65 5.93 5.65-6.18
         III. Market Repo 1,68,859.58 6.05 4.99-6.50
         IV. Repo in Corporate Bond 1,652.25 6.29 6.25-6.50
    B. Term Segment      
         I. Notice Money** 140.00 6.17 6.05-6.30
         II. Term Money@@ 275.50 6.30-7.25
         III. Triparty Repo 0.00
         IV. Market Repo 70.48 6.25 6.25-6.25
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Tue, 04/03/2025 1 Wed, 05/03/2025 5,855.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Tue, 04/03/2025 1 Wed, 05/03/2025 143.00 6.50
    4. SDFΔ# Tue, 04/03/2025 1 Wed, 05/03/2025 2,17,894.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,11,896.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 21/02/2025 14 Fri, 07/03/2025 41,046.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,302.70  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,32,312.70  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     20,416.70  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on March 04, 2025 9,10,913.15  
         (ii) Average daily cash reserve requirement for the fortnight ending March 07, 2025 9,22,740.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 04, 2025 5,855.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 07, 2025 -1,973.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2013 dated January 27, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2298

    MIL OSI Economics

  • MIL-OSI New Zealand: New Zealand backing new justice building for Niue

    Source: New Zealand Government

    New Zealand will support Niue with the design and construction of a new justice building in the capital Alofi, Minister of Foreign Affairs Winston Peters has announced.
     
    Niue’s Prime Minister Dalton Tagelagi is in New Zealand this week for a number of high-level meetings – including with Prime Minister Luxon, Minister Peters, Defence Minister Judith Collins and Associate Defence Minister Chris Penk – that build on the special and enduring free association relationship between the countries.
     
    “Niue’s future is interconnected with the Pacific region and New Zealand remains steadfast in supporting its Realm partner’s development across a range of sectors,” Mr Peters says. 
     
    “We are proud of the partnership we have built with Niue, and we look forward to continuing to work together to realise our shared goals of resilience, prosperity and sustainability.”
     
    New Zealand will work in partnership with Niue to deliver a new building for Niue’s justice sector services. 
     
    “This is another example of practical support, on the ground, for Niue. The new Justice Building ensures access to judicial services for all Niueans, for years to come,” Mr Peters says.
     
    New Zealand has also announced it will support small and medium-sized enterprises (SMEs) in Niue through a partnership between Business Link Pacific (BLP) and the Niue Development Bank (NDB). This partnership will offer eligible SMEs loans at reduced interest rates, along with subsidised advisory support to assist with their loan applications. 
     
    Funding for this initiative and the justice building project will come from New Zealand’s International Development Cooperation programme, with the size of our financial contribution to be determined.

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: President Lai meets US Heritage Foundation founder Dr. Edwin Feulner

    Source: Republic of China Taiwan

    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
    2025-02-24
    President Lai meets Japanese House of Representatives Member Tamaki Yuichiro
    On the afternoon of February 24, President Lai Ching-te met with Japanese House of Representatives Member Tamaki Yuichiro. In remarks, President Lai noted that Taiwan and Japan are important trading partners. The president expressed hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones and build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. A translation of President Lai’s remarks follows: I would like to start by warmly welcoming Representative Tamaki on his first trip to Taiwan. Now is a key moment for the cooperative ties between Taiwan and Japan, and the fact that Representative Tamaki has chosen to take time out of his busy schedule to make this trip demonstrates his especially meaningful support for Taiwan. For this I want to express my deepest gratitude. At the beginning of this month, Japan and the United States held a summit meeting. In the post-summit joint leaders’ statement the government of Japan reiterated the importance of maintaining peace and stability across the Taiwan Strait, opposed any attempts to unilaterally change the status quo by force or coercion, and expressed support for Taiwan’s meaningful participation in international organizations. I would like to thank the government of Japan for these statements. Taiwan and Japan are both responsible members of the international community. I welcome an even firmer friendship between Japan and the US and hope to see cooperation among Taiwan, Japan, and the US become a solid force in consolidating peace and stability in the Indo-Pacific region. In addition to complex international conditions, we now also face the threat of China’s red supply chain. More and more countries are becoming increasingly concerned about such issues as economic security and supply chain resilience. As authoritarianism consolidates, democratic nations must also come closer in solidarity. Taiwan and Japan are important trading partners. I hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones, and that we can build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. Lastly, I would like once again to welcome Representative Tamaki to Taiwan and wish him a successful visit. I hope he departs Taiwan with a deep impression and that he will visit again. Representative Tamaki then delivered remarks, noting that this was his first visit to Taiwan and thanking President Lai and officials of the Taiwan government for their warm welcome. Pointing out that Taiwan-Japan ties are closer than ever thanks to the major efforts made on this front by President Lai since taking office, Representative Tamaki expressed his admiration and gratitude. Representative Tamaki pointed out that in a changing global landscape, Taiwan, Japan, and the Indo-Pacific region all face major changes, but he firmly believes that Taiwan-Japan relations will develop even further. Recalling President Lai’s previous remarks, the representative said that Japan and the US recently held a summit meeting that yielded important results. In the joint leaders’ statement, he noted, the two sides made a clear commitment regarding peace and stability across the Taiwan Strait and firmly opposed any attempts to unilaterally change the status quo by force or coercion. Representative Tamaki said that the ruling Liberal Democratic Party and the Komeito did not win a majority in last year’s House of Representatives general elections, while the number of seats held by his own Democratic Party for the People quadrupled. This result, he said, has filled him with a feeling of great responsibility. Moving forward, he intends to continue promoting Taiwan-Japan cooperation and strengthening relations. Also in attendance at the meeting was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

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

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

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

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

    MIL OSI Asia Pacific News

  • MIL-OSI USA News: President Trump is Putting American Workers First — And Bringing Back American Manufacturing

    Source: The White House

    President Donald J. Trump is standing up for American workers, strengthening American industries, and making clear to the world that America will no longer be ripped off — a push that has already delivered historic results.

    President Trump is leveling the playing field for American workers.

    • President Trump restored a 25% tariff on steel imports and elevated the tariff to 25% on aluminum imports to protect these critical American industries from unfair foreign competition.
    • President Trump unveiled a plan for fair and reciprocal trade, making clear to the world that the United States will no longer tolerate being ripped off — a plan met with praise across the board.
      • American Iron and Steel Institute: “American steel producers know well the negative impact of foreign unfair trade practices, including subsidies, currency manipulation and other unfair and discriminatory policies and practices, on domestic industries and their workers.”
      • Renewable Fuels Association: “For almost a decade now, we have spent precious time and resources fighting back against an unfair and unjustified tariff regime imposed by Brazil’s government on U.S. ethanol imports … We thank President Trump for taking this action and hope this reciprocal tariff will help encourage a return to free and fair ethanol trade relationship with Brazil.”

    President Trump is securing historic investments as companies seek to make their products in America instead of paying tariffs.

    • Nissan CEO Makoto Uchida said President Trump’s tariffs could push the car manufacturer to move its production from Mexico to the U.S.
    • Honda is expected to produce its next-generation Civic hybrid model in Indiana.
    • After a meeting with President Trump, Stellantis announced it will reopen its assembly plant in Belvidere, Illinois — putting 1,500 employees back to work — and build its next-generation Dodge Durango in Detroit, Michigan. The company also announced new investments in their Toledo, Ohio, and Kokomo, Indiana, facilities.

    In total, President Trump has secured nearly $2 trillion in new U.S. investments.

    • TSMC announced an unprecedented $100 billion investment in U.S.-based semiconductor chip manufacturing.
    • Apple announced a historic $500 billion investment that will create 20,000 new U.S.-based jobs.
    • President Trump announced the largest artificial intelligence infrastructure project in history, securing $500 billion in planned private sector investment — with major CEOs agreeing it would not have been possible without President Trump’s leadership.
    • President Trump secured a $20 billion investment by DAMAC Properties to build new U.S.-based data centers.
    • Wisconsin-based Clarios, a leader in low-voltage energy storage, announced a $6 billion plan to expand its U.S.-based manufacturing.
    • Eli Lilly and Company announced a $27 billion investment in its U.S.-based manufacturing.
    • Saudi Arabia declared its intention to invest $600 billion in the United States over the next four years.
    • Taiwan pledged to boost its investment in the United States.
    • Electronics giants Samsung and LG “are considering moving their plants in Mexico to the U.S.” now that President Trump is back in office.

    MIL OSI USA News

  • MIL-OSI: AGM Group Holdings Inc. Announces Closing of $5.4 Million Offering

    Source: GlobeNewswire (MIL-OSI)

    Beijing, March 04, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the closing of its offering of 16,390,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 16,390,000 Class A ordinary shares at a combined offering price of $0.33. The warrants will expire on the fifth anniversary from the date of issuance, will be exercisable immediately at an initial exercise price of $0.33 per share, subject to adjustment upon a one-time reset on the Reset Date (as described in the warrants), and subject to a floor price described therein. The warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 1.2 Class A ordinary shares.

    Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, were approximately $5.4 million. The offering was closed on March 4, 2025.

    Maxim Group LLC acted as sole placement agent in connection with the offering.

    The securities above were offered pursuant to a registration statement on Form F-1, as amended, (File No. 333-282420) which was declared effective by the Securities and Exchange Commission (the “SEC”) on February 28, 2025. The offering was made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About AGM Group Holdings Inc.

    AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    AGM Group Holdings Inc.
    Email: ir@agmprime.com
    Website: http://www.agmprime.com

    Ascent Investor Relations LLC
    Tina Xiao
    President
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network

  • MIL-OSI China: China targets economic growth of around 5% in 2025

    Source: China State Council Information Office 2

    An aerial drone photo taken on Jan. 8, 2024 shows robotic arms processing parts for new energy vehicles at a private company in Changxing Economic and Technological Development Zone, Huzhou City, east China’s Zhejiang Province. [Photo/Xinhua]
    China targets an economic growth rate of around 5 percent in 2025, according to a government work report submitted Wednesday to the national legislature for deliberation.
    The report also outlines an array of other key development goals for this year, including a surveyed urban unemployment rate of around 5.5 percent, over 12 million new urban jobs, and an around 2 percent increase in the consumer price index.
    The country achieved economic growth of 5 percent in 2024 as an impactful policy package, along with other pro-growth measures, helped fuel strong economic momentum.
    On a global scale, an around 5 percent growth rate places China among the world’s fastest-growing major economies, with the economic increment equating to the annual output of a mid-sized nation.
    Huang Qunhui, a national political advisor from the Institute of Economics of the Chinese Academy of Social Sciences, described this year’s economic growth target as scientifically grounded and realistic.
    “In the face of a challenging global environment, the proactive and resilient goal suggests that China is braving uncertainties with a clear, determined approach to growth,” he said.
    As 2025 marks the final year of China’s 14th Five-Year Plan (2021-2025) period and is also crucial to crafting the next five-year blueprint, observers believe that the government policies will not only drive sustained growth this year but also lay the groundwork for the country’s modernization drive in the long run.
    Fostering high-quality development is a key focus on this year’s government agenda, with priorities ranging from stimulating domestic demand to developing new quality productive forces.
    “We will take a people-centered approach and place a stronger economic policy focus on improving living standards and boosting consumer spending,” the report said.
    Domestic demand will be made the main engine and anchor of economic growth, the report said. Ultra-long special treasury bonds totaling 300 billion yuan will be issued to support consumer goods trade-in programs.
    New quality productive forces will be nurtured in light of local conditions, according to the report. China aims to foster emerging and future industries, such as quantum technology and the low-altitude economy, accelerate the upgrading of traditional industries, and combine digital technologies including AI with manufacturing and market strengths.

    MIL OSI China News

  • MIL-OSI China: Canada announces detailed counter tariff package against US

    Source: China State Council Information Office

    An employee removes U.S. alcohol products from a shelf at a Liquor Control Board of Ontario store in Oakville, Ontario, Canada, on March 4, 2025. [Photo/Xinhua]

    The Canadian federal government on Tuesday announced a detailed tariff package after Prime Minister Justin Trudeau vowed that Canada will not back down from a fight against the trade war initiated by U.S. President Donald Trump.

    According to a news release issued by the Finance Ministry, the first phase of Canada’s response includes tariffs on 30 billion Canadian dollars (about 21 billion U.S. dollars) in goods imported from the United States, effective as of 12:01 a.m., March 4. The list includes products such as orange juice, peanut butter, wine, spirits, beer, coffee, appliances, apparel, footwear, motorcycles, cosmetics, and certain pulp and paper products.

    The additional countermeasures on 125 billion Canadian dollars (about 89 billion U.S. dollars) in imports from the United States would be from a list of goods open for a 21-day comment period which includes products such as electric vehicles, fruits and vegetables, beef, pork, dairy, electronics, steel, aluminum, trucks, and buses, the release said.

    The government is also taking steps to mitigate the impact of these countermeasures on Canadian workers and businesses by establishing a remission process to consider requests for exceptional relief from the tariffs, the release said.

    All options remain on the table as the government considers additional measures, including non-tariff options, the release said.

    Trudeau said during his speech to the nation earlier in the day that Canada will also be challenging the U.S. illegal actions by filing dispute resolution claims at the World Trade Organization and through the Canada-U.S.- Mexico Agreement, or the free trade mechanism in North America that was renegotiated by Trump in his last term.

    The counter tariffs will remain in place until the U.S. tariffs are withdrawn and not a moment sooner, said Trudeau.

    MIL OSI China News

  • MIL-OSI China: EU chief proposes 800B-euro defence plan to rearm Europe

    Source: China State Council Information Office

    European Commission President Ursula von der Leyen speaks during a press conference after a European Council summit in Brussels, Belgium, Dec. 19, 2024. [Photo/Xinhua]

    European Commission President Ursula von der Leyen on Tuesday unveiled an 800-billion-euro (844.6-billion-U.S. dollars) plan to significantly increase defence spending across the bloc.

    She said that in response to escalating security threats across the European Union (EU), Europe had entered “an era of rearmament.”

    In a letter written to EU leaders ahead of Thursday’s European Council, von der Leyen unveiled the “ReArm Europe” plan and emphasised the urgency of strengthening Europe’s defence capabilities, citing mounting geopolitical tensions, particularly in light of Russia-Ukraine military conflict and concerns over the future of U.S. support for the North Atlantic Treaty Organization (NATO).

    “Europe is ready to massively boost its defence spending. Both to respond to the short-term urgency to act and to support Ukraine but also to address the long-term need to take on much more responsibility for our own European security,” she said.

    “The question is no longer whether Europe’s security is threatened in a very real way,” von der Leyen said. “The real question in front of us is whether Europe is prepared to act as decisively as the situation dictates.”

    According to a statement published by the European Commission, the “ReArm Europe” plan is a comprehensive set of proposals aimed at unlocking financial resources to support national defence investments both in the short term and over the next decade.

    The initiative consists of five key measures designed to strengthen Europe’s defence capabilities and bolster military support for Ukraine.

    A core component of the plan involves adjusting EU fiscal rules to allow member states to ramp up defence spending without triggering budgetary penalties.

    Von der Leyen announced that the European Commission will propose activating the national escape clause of the Stability and Growth Pact, enabling governments to expand their military budgets without breaching EU deficit limits.

    “If Member States were to increase their defence spending by 1.5 percent of GDP on average, this could create fiscal space of close to 650 billion euros over four years,” she said.

    Another key element of the plan is the creation of a 150-billion-euro loan program to help EU countries jointly invest in critical military assets. The initiative aims to enhance collective procurement efforts, reduce costs, and improve interoperability across European armed forces.

    “We are talking about pan-European capability domains: air and missile defence, artillery systems, missiles and ammunition, drones and anti-drone systems, as well as cyber defence and military mobility,” von der Leyen said.

    Joint procurement efforts under this scheme would not only reinforce EU security but also allow member states to provide Ukraine with additional military aid, she said.

    Von der Leyen also proposed leveraging the EU budget to support defence-related investments. She announced member states would be given additional incentives to use cohesion policy programmes to boost military spending.

    The final two pillars of the ReArm Europe plan focus on attracting private sector investment in defence through specific initiatives and through increased involvement from the European Investment Bank.

    “We will continue working closely with our partners in NATO,” von der Leyen said. “This is Europe’s moment, and we are ready to step up.” (1 euro = 1.06 U.S. dollar)

    MIL OSI China News

  • MIL-OSI USA: After Trump Levels Sweeping Tariffs on Canada and Mexico, Senate GOP Blocks Shaheen Effort to Pass Her Legislation to Protect Granite Staters from Impact and Higher Costs

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    **Shaheen’s bill would have limited impact of Canada and Mexico tariffs on American consumers and businesses**
    (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Foreign Relations Committee and a top member of the U.S. Senate Committee on Small Business and Entrepreneurship, took to the Senate floor today to call for unanimous consent to pass her legislation—the Protecting Americans from Tax Hikes on Imported Goods Act. If Republicans had not blocked passage, Shaheen’s bill would have shielded American consumers and businesses from rising prices and higher taxes caused by President Trump’s tariffs on Canada, New Hampshire’s largest trading partner, and Mexico. Her legislation would keep costs down for imported goods by limiting the authority under the International Emergency Economic Powers Act (IEEPA)—which allows a President to immediately place unlimited tariffs after declaring a national emergency—while preserving IEEPA’s use for sanctions and other tools. Click here to watch Shaheen’s remarks in full.  
    Key quotes from Senator Shaheen: 
    “Trump’s tariffs will make everything—from gas to heating to groceries to lumber and more—more expensive for everyday Americans. And I think it bears repeating that tariffs are paid by consumers. They’re paid by Americans, not by other countries. And what the President is doing amounts to a new tax for Americans.” 
    “There are countless other imports that American businesses and families rely on that are going to be hit hard. And these tariffs do nothing to bring down those costs. They do just the opposite. These tariffs could add $1,200 to an average household’s yearly costs – and we won’t have to wait very long for the impact to be felt.” 
    “Businesses plan months, quarters or years in advance. They need to place orders and plot out their growth in order to succeed. How can they plan when they can’t even know whether their costs are going to go up 25% overnight?”
    “[My bill] would stop these tariff taxes on goods and energy coming from Canada and Mexico – and it would give businesses and families more certainty to plan for the future and keep more of their hard-earned dollars in their own pockets.” 
    Full Remarks as Delivered 
    I come to the floor today because I am concerned about President Trump’s actions to, I believe, start a trade war with our top two trading partners, Canada and Mexico. All goods coming from Canada and Mexico. As of midnight last night, I guess midnight today, face a 25% tax. 
    That is all except Canadian energy, which is taxed at 10%. Trump’s tariffs will make everything, from gas to heating to groceries to lumber and more, more expensive for everyday Americans. And I think it bears repeating that tariffs are paid by consumers. They’re paid by Americans, not by other countries. And what the president is doing amounts to a new tax for Americans.  
    For example, heating oil and propane that keeps hundreds of thousands of Granite Staters warm in the winter is going to cost more. We’re going to add about $150 to $250 to the cost of heating homes in New Hampshire. And gas prices are going to go up. In New Hampshire, half of the fuel in our cars and trucks comes from Canada, and U.S. refineries across the Midwest use Canadian oil. The U.S. imports 80% of its potash fertilizer from Canada, and this tariff makes farming and food more expensive. 
    It’s unclear how the American auto industry is going to continue to operate. Ford’s CEO said these tariffs will, and I quote, “blow a hole in the U.S. industry that we have never seen, with up to $12,000 added to the cost of the car.” And this will make lumber and electrical equipment that we need to build housing at a time when housing is already in short supply. It will make them more expensive and harder to find.  
    Those are just a few examples. There are countless other imports that American businesses and families rely on that are going to be hit hard. And these tariffs do nothing to bring down those costs. They do just the opposite. These tariffs could add $1,200 to an average household’s yearly costs. 
    And we won’t have to wait very long for the impact to be felt. It’s already being felt on Wall Street and the stock market. Target’s CEO said this morning that the consumer and I quote, “will likely see price increases over the next couple of days.” And for small businesses, these tariff taxes will be felt by small businesses in all of our states. 
    I was here a month ago today sharing stories from business owners in New Hampshire who weren’t sure how they were going to keep operating if specialized machinery that they can only get from Canada suddenly costs 25% more. And since that time, I’ve heard from even more people in New Hampshire, more small businesses.  
    Last week I heard from a small company in Windham, New Hampshire. It makes allergen free cookies, and they can only get certain ingredients for those cookies from Canada. The CEO built her business, which now employs 30 people, and now she can’t be sure if they’re even going to be able to keep going, let alone keep growing.  
    When I spoke with business representatives across New Hampshire last month, the theme they kept coming back to was uncertainty. 
    As a former small business owner, I know that uncertainty is the most destabilizing aspect of running and growing a business. Yet that’s what this administration keeps creating. Yesterday, we learned that new orders from manufacturers dropped in February for the first time in 22 years. For the first time in 22 years, new orders from manufacturers dropped because companies can’t work with this level of uncertainty. 
    Last Wednesday, the president was talking about Canadian tariffs going into effect April 2nd. The very next morning, he announced 25% tariffs would go into effect today. The whiplash is hard to imagine.  
    I spoke last month about a bus company, C&J Bus Lines in New Hampshire, that was worried about these tariffs and what it would mean for their bottom line. 
    Well, the CEO moved up his delivery date to get three busses in late March before these taxes were set to go into effect. But his costs just went up more than $450,000.  
    Businesses plan months, quarters or years in advance. They need to place orders and plot out their growth in order to succeed. How can they plan when they can’t even know whether their costs are going to go up 25% overnight? 
    How can a developer know if they can start building the housing that New Hampshire desperately needs if their lumber costs 25% more overnight?  
    And how can a family already struggling with high costs continue to pay the rent or put food on the table if their household costs are going to go up $1,200 this year?  
    I want families and businesses to know that the whims of this president are not going to cause them to break the bank on everyday items they need to get by. 
    That’s why I introduced the Protecting Americans from Tax Hikes on Imported Goods Act. It’s a simple change, really. It says that the International Emergency Economic Powers Act, IEEPA, can no longer be used to place taxes on imports. If the president needs to block some dangerous product, he still can. But if there’s a real threat, we’d want to stop it, not just add a tariff tax. 
    That’s what my bill does. It would stop these tariffs on goods and energy coming from Canada and Mexico, and it would give businesses and families more certainty to plan for the future and to keep their hard-earned dollars in their pockets.  
    So, Madam President, I ask unanimous consent that the Committee on Banking, Housing and Urban Affairs be discharged from further consideration of S. 151 and that the Senate proceed to its immediate consideration, that the bill be considered read a third time and passed, and the motion to reconsider be considered made and laid upon the table. 
    Last month, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act with U.S. Senators Ron Wyden (D-OR) and Tim Kaine (D-VA) to keep costs down for imported goods by limiting the authority under the International Emergency Economic Powers Act (IEEPA)—which allows a President to immediately place unlimited tariffs after declaring a national emergency—while preserving IEEPA’s use for sanctions and other tools.   
    The authorities granted to the President through the IEEPA represent the broadest of the possible paths an administration can take to impose sweeping tariffs. The Protecting Americans from Tax Hikes on Imported Goods Act clarifies that the IEEPA may not be used to increase costs on American consumers and families by placing tariffs or tariff-rate quotas on imported goods. The legislation would preserve crucial national security tools granted to the President through the IEEPA authority to impose sanctions or to block all imports of goods that are dangerous to national security and would preserve the ability to push back on unfair trade practices of the People’s Republic of China.   

    MIL OSI USA News

  • MIL-OSI USA: Hagerty Secures Nominee Landau’s Promise to Support U.S. Firms Facing Foreign Expropriation Threats

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    “If our friends in Mexico are watching this hearing, they will understand that it is not in their interest if they are looking to renew their free trade agreement with the United States, to have a United States Senator asking a nominee for Deputy Secretary of State about this terrible problem,” said Ambassador Christopher Landau, former U.S. Ambassador to Mexico and nominee to be Deputy Secretary of State. “The headline should be about great investment opportunities in all of our countries in North America.”

    WASHINGTON—United States Senator Bill Hagerty (R-TN), a member of the Senate Foreign Relations Committee and former U.S. Ambassador to Japan, today obtained a commitment from Ambassador Christopher Landau, nominee to be Deputy Secretary of State and former U.S. Ambassador to Mexico, that the State Department would strongly support American firms facing foreign expropriation threats in the Western Hemisphere and around the world. Examples of such American firms include Vulcan Materials Company in Mexico and Honduras Próspera in Honduras.

    “You and I have talked specifically about the expropriation of Vulcan Materials,” Hagerty said. “Their quarries, their deep water port, their properties in Mexico. Those aggregates that they mine… are deeply critical to the infrastructure that we actually put in place in places like Florida, Louisiana, because there’s not an aggregate source…What the Mexican government has done is come in and taken this property from Vulcan materials, an Alabama company, an American company—and they have a mine in Quintana Roo—they’ve got this deep water port on the Yucatan Peninsula, and my fear is that that deep water port is going to be for sale to the highest bidder if the Mexican government gets it hand on it. And I can tell you who that highest bidder will be: it will be the CCP [Chinese Communist Party]. Think about having a [CCP-controlled] deep water port that close…to the United States of America.”

    “Could I get your perspective on how U.S. companies abroad, who are facing this type of illegitimate activity, whether it be in Mexico, Colombia, Honduras, how will you expect us to approach this?” Hagerty asked.

    “When I served as ambassador, my number one job was to protect American interests in Mexico, where I was serving as ambassador.” said Ambassador Landau. “If an American company is being threatened or harassed by the local government, it seems to me all our ambassadors have to understand that that is not a favor they are doing the company by standing up for their interests. That is their job as the representatives of our country. We want to support Americans, whether they be businesses or individuals. I am, as you are, extremely concerned about the actions of the Mexican government with respect to the Vulcan Materials plant and the aggregate.”

    “I can certainly commit to you that on day one, if I am confirmed, I will call the Mexican government to address that problem and express our very strong concerns about what has happened to that American investment in Mexico,” Landau continued.  “And I can also say that I would hope that if our friends in Mexico are watching this hearing, they will understand that it is not in their interest if they are looking to renew their free trade agreement with the United States, to have a United States Senator asking a nominee for Deputy Secretary of State about this terrible problem. The headline should be about great investment opportunities in all of our countries in North America. So, it makes me sad for a lot of the Mexicans who I know are trying to increase trade that we wind up stuck on this issue, and I very much hope the Mexican government will be able to resolve that problem even before I take office, if, in fact, I am confirmed.”

    *Click the photo above or here to watch*

    MIL OSI USA News

  • MIL-OSI Global: What’s the difference between wholemeal and wholegrain bread? Not a whole lot

    Source: The Conversation – Global Perspectives – By Margaret Murray, Senior Lecturer, Nutrition, Swinburne University of Technology

    Phish Photography/Shutterstock

    If you head to the shops to buy bread, you’ll face a variety of different options.

    But it can be hard to work out the difference between all the types on sale.

    For instance, you might have a vague idea that wholemeal or wholegrain bread is healthy. But what’s the difference?

    Here’s what we know and what this means for shoppers in Australia and New Zealand.

    Let’s start with wholemeal bread

    According to Australian and New Zealand food standards, wholemeal bread is made from flour containing all parts of the original grain (endosperm, germ and bran) in their original proportions.

    Because it contains all parts of the grain, wholemeal bread is typically darker in colour and slightly more brown than white bread, which is made using only the endosperm.

    Wholemeal flour is made from all parts of the grain.
    Rerikh/Shutterstock

    How about wholegrain bread?

    Australian and New Zealand food standards define wholegrain bread as something that contains either the intact grain (for instance, visible grains) or is made from processed grains (flour) where all the parts of the grain are present in their original proportions.

    That last part may sound familiar. That’s because wholegrain is an umbrella term that encompasses both bread made with intact grains and bread made with wholemeal flour. In other words, wholemeal bread is a type of wholegrain bread, just like an apple is a type of fruit.

    Don’t be confused by labels such as “with added grains”, “grainy” or “multigrain”. Australian and New Zealand food standards don’t define these so manufacturers can legally add a small amount of intact grains to white bread to make the product appear healthier. This doesn’t necessarily make these products wholegrain breads.

    So unless a product is specifically called wholegrain bread, wholemeal bread or indicates it “contains whole grain”, it is likely to be made from more refined ingredients.

    Which one’s healthier?

    So when thinking about which bread to choose, both wholemeal and wholegrain breads are rich in beneficial compounds including nutrients and fibre, more so than breads made from further-refined flour, such as white bread.

    The presence of these compounds is what makes eating wholegrains (including wholemeal bread) beneficial for our overall health. Research has also shown eating wholegrains helps reduce the risk of common chronic diseases, such as heart disease.

    The table below gives us a closer look at the nutritional composition of these breads, and shows some slight differences.

    Wholegrain bread is slightly higher in fibre, protein, niacin (vitamin B3), iron, zinc, phosphorus and magnesium than wholemeal bread. But wholegrain bread is lower in carbohydrates, thiamin (vitamin B1) and folate (vitamin B9).

    However the differences are relatively small when considering how these contribute to your overall dietary intake.



    Which one should I buy?

    Next time you’re shopping, look for a wholegrain bread (one made from wholemeal flour that has intact grains and seeds throughout) as your number one choice for fibre and protein, and to support overall health.

    If you can’t find wholegrain bread, wholemeal bread comes in a very close second.

    Wholegrain and wholemeal bread tend to cost the same, but both tend to be more expensive than white bread.

    Margaret Murray 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. What’s the difference between wholemeal and wholegrain bread? Not a whole lot – https://theconversation.com/whats-the-difference-between-wholemeal-and-wholegrain-bread-not-a-whole-lot-249156

    MIL OSI – Global Reports

  • MIL-OSI China: China targets economic growth of around 5 pct in 2025

    Source: China State Council Information Office

    An aerial drone photo taken on Jan. 8, 2024 shows robotic arms processing parts for new energy vehicles at a private company in Changxing Economic and Technological Development Zone, Huzhou City, east China’s Zhejiang Province. [Photo/Xinhua]

    China targets an economic growth rate of around 5 percent in 2025, according to a government work report submitted Wednesday to the national legislature for deliberation.

    The report also outlines an array of other key development goals for this year, including a surveyed urban unemployment rate of around 5.5 percent, over 12 million new urban jobs, and an around 2 percent increase in the consumer price index.

    The country achieved economic growth of 5 percent in 2024 as an impactful policy package, along with other pro-growth measures, helped fuel strong economic momentum.

    On a global scale, an around 5 percent growth rate places China among the world’s fastest-growing major economies, with the economic increment equating to the annual output of a mid-sized nation.

    Huang Qunhui, a national political advisor from the Institute of Economics of the Chinese Academy of Social Sciences, described this year’s economic growth target as scientifically grounded and realistic.

    “In the face of a challenging global environment, the proactive and resilient goal suggests that China is braving uncertainties with a clear, determined approach to growth,” he said.

    As 2025 marks the final year of China’s 14th Five-Year Plan (2021-2025) period and is also crucial to crafting the next five-year blueprint, observers believe that the government policies will not only drive sustained growth this year but also lay the groundwork for the country’s modernization drive in the long run.

    Fostering high-quality development is a key focus on this year’s government agenda, with priorities ranging from stimulating domestic demand to developing new quality productive forces.

    “We will take a people-centered approach and place a stronger economic policy focus on improving living standards and boosting consumer spending,” the report said.

    Domestic demand will be made the main engine and anchor of economic growth, the report said. Ultra-long special treasury bonds totaling 300 billion yuan will be issued to support consumer goods trade-in programs.

    New quality productive forces will be nurtured in light of local conditions, according to the report. China aims to foster emerging and future industries, such as quantum technology and the low-altitude economy, accelerate the upgrading of traditional industries, and combine digital technologies including AI with manufacturing and market strengths.

    MIL OSI China News

  • MIL-OSI China: China’s inbound cruise tourism sets sail in 2025

    Source: China State Council Information Office

    Tianjin and Qingdao, two major port cities in China, kicked off the new year with their first inbound international cruise ship of 2025 — the Malta-registered Europa 2, a clear signal of the steady revival of China’s cruise tourism industry.

    The luxury liner, carrying hundreds of passengers from countries including Germany, Austria and Switzerland is on a global voyage. During its China leg, the tour group headed to major destinations including Xiamen, Shanghai and Tianjin.

    After a brief stop in Qingdao in Shandong Province, east China, on March 1, the ship would head to Japan and the Republic of Korea, according to Kristina Jurgawka, a crew member aboard the ship.

    An avid history enthusiast, she was deeply impressed by the Great Wall, a UNESCO World Heritage Site, and enchanted by the skyline of Shanghai. “I’m truly grateful for this once-in-a-lifetime experience,” she said.

    For German tourist Joachin Dopp, the ease of entry into China left the strongest impression. “It’s simple to enter, no need for a visa or all those formalities. It’s great that you can just enter the country and enjoy it [your trip],” he told Xinhua.

    His experience reflects well on China’s effort to rejuvenate the cruise tourism sector. In May last year, a policy was rolled out allowing visa-free entry for foreign tourist groups arriving on cruise ships at any of the country’s cruise ports along the coastline.

    With a coastline stretching 18,000 km, China has seen steady improvements in its port infrastructure. The country boasts abundant tourism resources and is experiencing rapid growth in the service industry, making it a major destination for international cruise liners.

    Wang Hong, president of China Europe International Business School, said in a media interview that the visa-free entry policy for cruise passengers will bring unprecedented development opportunities to China’s tourism and cruise industries. It is expected to attract more foreign visitors to choose cruises as a means of traveling to China, thereby boosting inbound tourism.

    Industry leaders predict a strong rebound in international cruise tourism in China this year.

    On Jan. 3, an international cruise ship carrying 456 passengers docked at Phoenix Island International Cruise Port in Sanya, a popular tropical destination. From 2006 to the end of 2024, the port handled over 1,600 cruise ship voyages and over 2 million passenger trips.

    Days later, the Silver Dawn became the first international cruise ship to arrive in Shanghai this year, bringing over 400 tourists from more than 20 countries, including the United States, Britain, and Australia. During the eight-day Spring Festival holiday, the border inspection authorities in Shanghai reported 22 cruise ship entries and exits, with 72,000 cruise passenger trips.

    Tang Ming, head of a Shanghai-based travel agency, noted that since February 2024, the market has steadily recovered. “We expect to see a 20 to 30 percent increase in international cruise tourists this year,” he said.

    Cruise ports in Qingdao are expected to receive over 40 cruise ship visits in 2025, twice the number recorded in 2024, according to the city’s culture and tourism bureau. Meanwhile, Tianjin International Cruise Home Port is preparing for increased activities, with more than 40 inbound and outbound cruise ship visits anticipated at Dongjiang Port in the first quarter alone.

    Globally, the Cruise Lines International Association estimates that the number of ocean-going cruise passengers will reach 39.5 million by 2027, reflecting sustained demand for cruise voyages.

    By 2035, China’s cruise market is expected to welcome 4.2 million inbound foreign tourist trips annually, with total economic output projected to reach 531.7 billion yuan (about 74.12 billion U.S. dollars), according to a report by the Shanghai Academy of Social Sciences, as cited by Liao Minsheng, a marine tourism expert from Hainan Tropical Ocean University.

    China’s market, Liao said in a media interview, presents unprecedented opportunities for the global cruise and yacht economy.

    “China’s vast market size and growing demand for cruise tourism provide international cruise and yacht companies with ample room for expansion,” he added. “The sector’s growth is expected to drive the development in areas such as ship design and manufacturing, foreign trade, tourism services, port construction and modern maritime services.”

    MIL OSI China News

  • MIL-OSI China: Chinese cultural elements gain traction in Thailand

    Source: China State Council Information Office 3

    Chinese cultural elements such as trendy toys, cuisines, TV dramas, etc., are establishing a bigger presence in Thailand these years. The popularity of Chinese culture is a vivid illustration of the close bond between China and Thailand.

    In a store of China’s trendy toy maker Pop Mart in Bangkok, capital of Thailand, a customer named Ploy was selecting from an array of dolls displayed on the shelves. Each series, whether it was Labubu, Molly, or Skullpanda, left her enchanted.

    “Many of my friends love Labubu. It’s so comforting and always brings me joy,” said Ploy. She added that the Thai people are drawn to cute things. The toys of Pop Mart, featuring vibrant colors and diverse designs, strongly appeal to the young people there.

    Following the success of the Chinese animated film “Ne Zha 2,” Pop Mart’s newly-launched blind boxes of the “Ne Zha 2” series have quickly sold out. Many international fans are also eagerly anticipating its overseas release.

    Thailand’s news channel TNN commented that toy collecting has evolved from a trend in China to Thailand and beyond. It has transcended the scope of a commercial activity, becoming a modern culture that brings people together.

    In addition, Thailand has seen a surge in Chinese restaurants offering traditional dishes like Malatang, hotpot, fish with Sichuan pickles, and Sichuan-style grilled fish. The numbing and spicy Sichuan cuisine very much suits the flavor preferences of the Thai people, and are therefore highly popular in Thailand, May from Bangkok told People’s Daily Online.

    In July 2023, Thailand’s Minor Food Group opened a Sichuan-style grilled fish restaurant in Bangkok. The company’s COO said that with the diverse Chinese cuisine styles in the Thai market, the company is exploring Sichuan dishes to keep up with the growing trend of Chinese food in Thailand.

    Chinese TV series are also accelerating their global reach. Hou Xiaonan, CEO, president and executive director of China Literature Limited, said at the Asia TV Forum & Market that, “Chinese TV series have replaced US TV series and become the second most popular entertainment content in Southeast Asia’s video-on-demand market.” Last year, high-quality Chinese dramas like “Joy of Life Season 2” topped the trending charts on video platforms across Southeast Asia.

    Similarly, Chinese micro-dramas are gaining significant traction abroad. Singaporean Chinese-language newspaper Lianhe Zaobao reported that Southeast Asia is a hotspot for Chinese micro-dramas, with some Chinese companies setting up production centers in Thailand, the Philippines, and other countries. With exquisite costumes, fast-paced storytelling and dramatic twists, Chinese micro-dramas have become a favorite among global viewers and a popular medium for young audiences to explore Chinese culture.

    MIL OSI China News

  • MIL-OSI: Matrixport Subsidiary Fly Wing Receives Major Payment Institution License from MAS in Singapore

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) — Fly Wing Technologies Pte Ltd (“Fly Wing”), a wholly owned subsidiary of Matrixport, the world’s leading and largest one-stop crypto financial services platform in Asia, today announced that it has been granted the Major Payment Institution (“MPI”) License by the Monetary Authority of Singapore (“MAS”).

    With this license approval, Fly Wing will continue building its role as a trusted Over-the-Counter (“OTC”) desk in Singapore. This license follows the in-principle approval received in October, underscoring Fly Wing’s commitment to regulatory compliance and operational excellence.

    John Ge, Co-founder and CEO of Matrixport, stated, “We are thrilled that Fly Wing has received its license from the MAS. This marks a significant step in our ongoing expansion across the Asia-Pacific region. We look forward to providing high-quality Digital Payment Token services to users in Singapore.”

    Having received its license from the MAS, Fly Wing is well-positioned to build a strong foundation for Fly Wing’s long-term growth, driving continuous innovation in the digital finance sector. Moving forward, Fly Wing will continue to offer innovative Digital Payment Token services securely and transparently and will continue to optimize blockchain-driven Digital Payment Token services, enabling seamless access for users entering the Web 3.0 industry.

    About Fly Wing Technologies Pte Ltd

    Founded in 2019, Fly Wing Technologies Pte. Ltd. (“Fly Wing”) is a wholly owned subsidiary of Matrixport, a leading digital asset financial services platform in Asia. Fly Wing serves a diverse clientele, including crypto miners, trading firms, investment firms, and high-net-worth individuals from both crypto and traditional finance. The company engages in OTC services for customers to on- and off-ramp Digital Payment Tokens, facilitating over $100 million in monthly transactions and providing liquidity for major cryptocurrencies.

    Fly Wing has received the MPI License from MAS to provide Digital Payment Token services for OTC trading in Singapore.

    Fly Wing official website: https://www.flywing.com/

    About Matrixport

    Founded in 2019, Matrixport is the world’s leading all-in-one hub for crypto financial services. The platform is committed to providing every user with a personalized Super Account that integrates crypto trading, investment, loan, custody, RWA, research and more. With $6 billion in AUM (assets under management), Matrixport offers global users diverse crypto-financial solutions designed for optimal capital efficiency and sustainable returns.

    As a Group and through its local subsidiaries, Matrixport has received the Trust or Company Service Provider / Money Lender Licenses in Hong Kong, and the FINMA Asset Management License in Switzerland. The company operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ. It was recognized by CB Insights as one of the “50 Most Promising Blockchain Companies” and featured in the Hurun “2024 Global Unicorn List.” Additionally, Matrixport’s subsidiary, Fly Wing, has received the MPI License from MAS in Singapore.

    Matrixport official website: https://www.matrixport.com

    Media Contact:
    Matrixport PR Team
    pr@matrixport.com

    Disclaimer: This press release is provided by Matrixport. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13fe3bd2-9ada-4876-bbf8-5e24acfc1696

    The MIL Network

  • MIL-OSI Russia: Asia’s Next Growth Frontier

    Source: IMF – News in Russian

    Opening Remarks by the IMF Managing Director Kristalina Georgieva
    At a conference on Asia and the IMF: Resilience through Cooperation, Tokyo, Japan, March 5, 9AM JST

    March 4, 2025

    (As Prepared for Delivery)

    I would like to thank Finance Minister Kato for welcoming us today and want to express my gratitude to Governor Ueda for joining. I’m very sorry I can’t be with you in person. But thankfully technology allows me to join you virtually.

    Those who have been to Tokyo’s Skytree know that it has the best views of the city. And like so much in Japan, it’s an engineering masterpiece. Gazing across Tokyo’s skyline, it’s hard to imagine just how much the city—and the country—has changed in the 80 years since the Bretton Woods Institutions were established.

    After World War II, Japan invested heavily in infrastructure and manufacturing and introduced sweeping reforms. These set the country on a path to becoming an economic powerhouse.

    Inspired by Japan’s success, other countries in Asia followed suit. Today, the region contributes over 60 percent of global growth, and is home to some of the world’s largest, most innovative companies.

    Of course, Asia is a very diverse continent, with a mix of advanced economies, emerging and frontier markets, and small island states. Demographics and income levels vary too.

    But across the region, openness and deepening economic ties have been crucial to countries’ success.

    The world is changing, however. Many countries face weaker growth prospects and are saddled with high public debt. The COVID-19 pandemic and recent geopolitical developments have brought into focus the importance of security of supplies. Trade is no longer the engine of global growth it used to be. And we are in the midst of massive transformations, from rapid advances in AI to changing patterns of capital flows and trade. 

    Against this background, governments worldwide are shifting their priorities. The new US administration is rapidly reshaping its policies on trade, taxation, public spending, deregulation, and digital assets. And other governments are also recalibrating their approaches and adjusting their policies.

    The future of growth

    How should countries in Asia adapt? Let me highlight three opportunities.

    First, the shift toward services-led growth. While trade in goods has flattened, service flows are surging. In fact, services have already drawn about half of the region’s workers, up from just 22 percent in 1990.

    Economists have traditionally thought of services as less productive than manufacturing. Our research suggests otherwise. Asia’s labor productivity in financial services is four times higher than in manufacturing, and twice as high in business services.

    Second, digitalization and AI. The demand for digital products and services in the region has accelerated quickly and is on track to continue growing faster than the region’s GDP. Japan’s Rakuten, China’s Alibaba Group, and Indonesia’s GoTo Group now rival e-commerce giants Amazon and Walmart.

    In AI development, Japan and China are racing ahead, followed closely by South Korea and Singapore. This could be an important boost for productivity. In Singapore, for example, an estimated 40 percent of jobs could be made more productive by AI. The country has several digital economy agreements now in place, enabling digital companies in the region to connect and share data more easily.

    That brings me to my third point: greaterregional cooperation andtrade. On the surface, it might look as if the world is retreating from integration. But regionally, countries are leaning in.

    Over the past four decades, intra-regional trade in Asia has increased by 43 percent. Today, more than half of Asian trade is regional.

    The trend is the same for foreign direct investment. FDI from Asian countries to Japan, for example has nearly doubled over the past decade, as market opportunities in Japan’s technology sector grow.

    Together, the shift toward services, digitalization and AI, and greater regional integration can lift growth. But to harness these opportunities, the region will need to carefully navigate domestic developments and global changes.

    The IMF’s role

    That is where the IMF comes in. We strive to be trusted partners to our member countries, provide country-specific advice and safeguard the stability of the global economy. Our work spans economic analysis, policy advice, financing and capacity development.

    And as the world economy has changed, we too have evolved. From managing fixed exchange rates in the 1970s, to active surveillance of countries’ economic and financial policies and more systematic coverage of spillovers.

    More recently, our thinking on capital flow management and foreign exchange interventions has changed, and we’ve upgraded our lending toolkit to include more flexible instruments tailored to emerging market economies.

    Thanks in large part to Japan’s support, we are also offering more support to low-income countries, especially in capacity development, and a stronger presence around the world through our regional technical assistance centers.

    We are grateful to Japan for the deep engagement in thinking about the future of the Fund. Today’s discussions are an important part of that. 

    My colleagues and I are keenly interested in ideas and reflections on:

    • how we can best support our members, especially the most vulnerable among them, to grow and build economic resilience;
    • how to tailor more of our advice to support countries’ efforts to deepen regional collaboration, by thinking through our strategic engagement with groups like the ASEAN, the Pacific Island countries, as well as medium sized and larger economies; and
    • how to strengthen the global financial safety net. We’re assessing how IMF facilities can be further improved to support resilience in our member countries. And we are working closely with regional arrangements to enhance crisis prevention and response capabilities.

    We know from experience that reforms are hard, but we also know they can steer countries towards stronger and durable growth and can achieve a more stable and prosperous global economy.

    You can count on the IMF in this journey.

    Deputy Managing Director Nigel Clarke and the rest of our team are excited to be part of today’s productive discussion. I look forward to the outcome.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    https://www.imf.org/en/News/Articles/2025/03/05/sp030525-md-asias-next-growth-frontier

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI China: Israeli army kills Hamas commander in N. West Bank

    Source: China State Council Information Office

    Israeli soldiers are seen during a military operation in the West Bank city of Jenin, on March 4, 2025. [Photo/Xinhua]

    The Israeli army on Tuesday killed a senior Qassam Brigades commander and another Palestinian during a large-scale military operation in the eastern neighborhood of the northern West Bank city of Jenin.

    According to Palestinian security sources and eyewitnesses, the Israeli forces, backed by large reinforcements, surrounded several residential buildings in the eastern neighborhood of Jenin, which led to violent clashes that resulted in the killing of Aysar al-Saadi and another young man.

    Hamas mourned the death of Aysar, accusing Israel of resorting to “assassinations after failing to confront the resistance on the ground.”

    In a statement, the Israeli army confirmed the killing of Aysar, alleging that he was responsible for planning attacks against Israeli targets. The statement also claimed that the second Palestinian killed “posed a threat” to Israeli forces in the area.

    The army emphasized that military operations would continue in Jenin to pursue what it described as “terrorist elements.”

    MIL OSI China News