Category: Business

  • MIL-OSI Asia-Pac: Coal Ministry to Host Roadshow on ‘Commercial Coal Mines Auctions & Opportunities in Coal Sector’ in Kolkata Tomorrow

    Source: Government of India (2)

    Posted On: 18 FEB 2025 3:17PM by PIB Delhi

    The Ministry of Coal is geared up to host a Roadshow on Commercial Coal Mine Auctions & Opportunities in the Coal Sector on 19th of February 2025 in Kolkata. This event is designed to bring together investors, industry leaders, mining experts, and policymakers, providing a dynamic platform to explore transformative opportunities within India’s coal sector.

    The tenacity of the Roadshow is to highlight the wide array of opportunities available in the coal sector, driven by significant Government reforms aimed at streamlining processes, enhancing transparency, and creating a level playing field for all stakeholders. The event will provide in-depth details into the upcoming Commercial Coal Mine auctions, discuss the investment potential, and showcase the long-term benefits of participating in India’s growing coal sector.

    This roadshow is valuable platform for stakeholders to engage, network, and learn about the regulatory framework, streamlined clearance processes, and the Ministry’s efforts to foster an investor-friendly environment in the coal sector. The Ministry is committed to ensuring that the coal industry remains globally competitive, offering a win-win scenario for both domestic and international investors looking to capitalize on the opportunities in India’s energy landscape.

    The event also provides an exclusive opportunity for participants to connect with key decision-makers, gain valuable insights into future coal sector trends, and explore collaborative ventures that can shape the future of India’s energy and mining sectors.

    Key Reforms in Commercial Coal Mine Auctions includes:

    • Reduction in upfront amount and bid security amount, making participation more financially accessible.
    • Permission to relinquish part of the coal mine for partially explored blocks, providing greater operational flexibility.
    • Rebate in Performance Security for Underground coal mines, encouraging investment in underground mining.
    • Ease of participation with no entry barriers, ensuring a more inclusive auction process.

    · Full flexibility in coal utilization, enabling companies to use coal for any purpose as per their business needs.

    · Optimized payment structures and incentives for early production.

    The Ministry of Coal is committed to driving growth, investment, and sustainable development in India’s coal sector and looks forward to a successful Roadshow, marking an important step in driving growth, investment, and sustainable development in India’s coal production and the use of clean coal technology, promoting efficiency and sustainability.

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    Shuhaib T

    (Release ID: 2104330) Visitor Counter : 38

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union Government Releases Fifteenth Finance Commission Grants for Rural Local Bodies in Punjab, Uttarakhand, and Chhattisgarh

    Source: Government of India

    Union Government Releases Fifteenth Finance Commission Grants for Rural Local Bodies in Punjab, Uttarakhand, and Chhattisgarh

    Punjab Gets over Rs. 225 Crores; Chhattisgarh over Rs. 244 crores & Uttarakhand receives over Rs. 93 Crores for strengthening Rural Governance

    Posted On: 18 FEB 2025 2:32PM by PIB Delhi

    The Union Government has released Fifteenth Finance Commission (XV FC) Grants during Financial Year 2024–25 for Rural Local Bodies in Punjab, Uttarakhand and Chhattisgarh. These grants provided to the Panchayati Raj Institutions (PRIs) / Rural Local Bodies (RLBs) play a crucial role in strengthening grassroot democracy.  For the Rural Local Bodies of Punjab, the 1st installment of Untied Grants amounting to Rs.225.1707 crores have been released. These funds are for eligible 13144 Gram Panchayats, eligible 146 Block Panchayats and all eligible 22 District Panchayats in the state. While the Fifteenth Finance Commission (XV FC) Grants released during Financial Year 2024–25, for Rural Local Bodies in Chhattisgarh are, 2nd installment of Untied Grants of the Financial Year 2024–25 amounting to Rs.237.1393 crore along with the withheld amount of 1st installment of Untied Grants for Financial Year 2024–25 amounting to Rs.6.9714 crore. These funds are for 11548 eligible Gram Panchayats, all eligible 146 Block Panchayats and all eligible 27 Zila Panchayats of the State.  While for Rural Local Bodies in Uttarakhand, 1st installment of Untied Grants for the Financial Year 2024–25 amounting to Rs.93.9643 crore have been released. These funds are for eligible 7769 Gram Panchayats, all eligible 995 Block Panchayats and all eligible 13 Zila Panchayats of the State.  

    Government of India through Ministry of Panchayati Raj and Ministry of Jal Shakti (Department of Drinking Water and Sanitation) recommends release of Fifteenth Finance Commission (XV FC) Grants to States for Rural Local Bodies which are then released by the Ministry of Finance. The allocated Grants are recommended and released in 2 installments in a Financial Year. The Untied Grants will be utilized by Panchayati Raj Institutions (PRIs)/ Rural Local Bodies (RLBs) for location-specific felt needs, under the Twenty-Nine (29) Subjects enshrined in the Eleventh Schedule of the Constitution, except for salaries and other establishment costs. The Tied Grants can be used for the basic services of (a) sanitation and maintenance of ODF status, and this should include management and treatment of household waste, and human excreta and fecal sludge management in particular and (b) supply of drinking water, rainwater harvesting and water recycling.

    For more information, please click : https://panchayat.gov.in/document-category/release-order-of-finance-commission-grants-to-rlbs-issued-by-ministry-of-finance/

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    Aditi Agrawal

    (Release ID: 2104325) Visitor Counter : 37

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 24 persons arrested during anti-illegal worker operations (with photos)

    Source: Hong Kong Government special administrative region

    24 persons arrested during anti-illegal worker operations (with photos)
    24 persons arrested during anti-illegal worker operations (with photos)
    ***********************************************************************

         The Immigration Department (ImmD) mounted a series of territory-wide anti-illegal worker operations codenamed “Lightshadow” to combat illegal food delivery couriers from January 2 to today (February 18). A total of 14 suspected illegal workers and 10 suspected aiders and abettors were arrested.      During the anti-illegal worker operations, 14 suspected illegal workers and 10 suspected aiders and abettors were arrested by ImmD Task Force officers. The 14 arrested suspected illegal workers are non-ethnic Chinese males aged 21 to 54. Among them, 13 men were found to be holders of recognisance forms and were non-refoulement claimants, which prohibit them from taking any employment in Hong Kong.      Furthermore, the 10 suspected aiders and abettors are Hong Kong residents age 17 to 41. The eight men and two women were arrested for being suspected of a conspiracy to defraud delivery platforms by selling or renting their food delivery courier accounts to the illegal workers.      An ImmD spokesman said, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.”       The spokesman warned, “As stipulated in section 38AA of the Immigration Ordinance, an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land is prohibited from taking any employment, whether paid or unpaid, or establishing or joining in any business. Offenders are liable upon conviction to a maximum fine of $50,000 and up to three years’ imprisonment.”      The spokesman reiterated that it is a serious offence to employ people who are not lawfully employable. Under the Immigration Ordinance, the maximum penalty for an employer employing a person who is not lawfully employable, i.e. an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land, has been significantly increased from a fine of $350,000 and three years’ imprisonment to a fine of $500,000 and 10 years’ imprisonment to reflect the gravity of such offences. The director, manager, secretary, partner, etc, of the company concerned may also bear criminal liability. The High Court has laid down sentencing guidelines that the employer of an illegal worker should be given an immediate custodial sentence.      According to the court sentencing, employers must take all practicable steps to determine whether a person is lawfully employable prior to employment. Apart from inspecting a prospective employee’s identity card, the employer has the explicit duty to make enquiries regarding the person and ensure that the answers would not cast any reasonable doubt concerning the lawful employability of the person. The court will not accept failure to do so as a defence in proceedings. It is also an offence if an employer fails to inspect the job seeker’s valid travel document if the job seeker does not have a Hong Kong permanent identity card. Offenders are liable upon conviction to a maximum fine of $150,000 and to imprisonment for one year. In that connection, the spokesman reminded all employers not to defy the law by employing illegal workers. The ImmD will continue to take resolute enforcement action to combat such offences.      Under the existing mechanism, the ImmD will, as a standard procedure, conduct an initial screening of vulnerable persons, including illegal workers, illegal immigrants, sex workers and foreign domestic helpers, who are arrested during any operation with a view to ascertaining whether they are trafficking in persons (TIP) victims. When any TIP indicator is revealed in the initial screening, the ImmD officers will conduct a full debriefing and identification by using a standardised checklist to ascertain the presence of TIP elements, such as threats and coercion in the recruitment phase and the nature of exploitation. Identified TIP victims will be provided with various forms of support and assistance, including urgent intervention, medical services, counselling, shelter or temporary accommodation and other supporting services. The ImmD calls on TIP victims to report crimes to the relevant departments immediately.

     
    Ends/Tuesday, February 18, 2025Issued at HKT 19:05

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Programme Agreement Signed with Reliance New Energy Battery Limited for 10 GWh capacity under the PLI for Advanced Chemistry Cell (ACC) Scheme

    Source: Government of India

    Programme Agreement Signed with Reliance New Energy Battery Limited for 10 GWh capacity under the PLI for Advanced Chemistry Cell (ACC) Scheme

    Out of 50 GWh capacity, 40 GWh cumulative capacity has been awarded under the scheme.

    Posted On: 18 FEB 2025 11:29AM by PIB Delhi

    In a major step forward for India’s advanced battery manufacturing sector, the Ministry of Heavy Industries (MHI), Government of India, signed a Programme Agreement with Reliance New Energy Battery Limited (a subsidiary of Reliance Industries Limited) under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) on February 17, 2025. This agreement awards Reliance New Energy Battery Limited a 10 GWh ACC capacity, following a competitive global tender process and makes it eligible to receive incentives under India’s ₹ 18,100 crore PLI ACC scheme.

    This signing is another critical milestone in the implementation of the technology agnostic PLI Scheme on the “National Programme on Advanced Chemistry Cell (ACC) Battery Storage,” approved by the Cabinet in May 2021 with a total outlay of Rs.18,100 crore aimed at achieving a total manufacturing capacity of 50 GWh. With this signing, a cumulative capacity of 40 GWh has been awarded to four selected beneficiary firms out of 50 GWh capacity. In the first round of bidding conducted in March 2022, three beneficiary firms were allocated a total capacity of 30 GWh, and the Programme Agreements for that round were signed in July 2022.

    During the ceremony, senior officials from MHI emphasized that the PLI ACC Scheme is designed to boost local value addition while ensuring that the cost of battery manufacturing in India remains globally competitive. The scheme allows the beneficiary firm the flexibility to adopt the most suitable technology and associated inputs for establishing state-of-the-art ACC manufacturing facilities, thereby supporting mainly the EV and renewable energy storage sectors.

    In tandem with the PLI ACC scheme, the Union Budget for FY2025-26 introduced several transformative measures aimed at accelerating domestic battery manufacturing and supporting the growth of the e-mobility ecosystem in the country. Notably, the Budget exempted 35 additional Capital Goods for EV battery manufacturing from Basic Customs Duty (BCD), a targeted initiative designed to boost the production of lithium-ion batteries within India. Moreover, its emphasis on reinforcing domestic manufacturing and promoting value addition, further underscores vision of establishing a robust, self-reliant advanced battery ecosystem.

    The Ministry of Heavy Industries remains committed to creating an enabling environment for innovation, fostering a robust domestic supply chain, and attracting significant Foreign Direct Investment—all crucial elements in advancing India’s strategic vision for sustainable development and self-reliance. This initiative of Government of India has acted as a catalyst for Indian cell manufacturers to setup cell manufacturing facilities. Apart from the PLI beneficiary, 10+ companies have already started setting up 100+ GWh additional capacity.

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    TPJ/NJ

    (Release ID: 2104281) Visitor Counter : 72

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India Qatar future partnership to rest on the pillars of sustainability, technology and entrepreneurship and energy: Union Commerce and Industry Minister, Shri Piyush Goyal

    Source: Government of India

    India Qatar future partnership to rest on the pillars of sustainability, technology and entrepreneurship and energy: Union Commerce and Industry Minister, Shri Piyush Goyal

    India today provides an oasis of stability, predictability and continuity:Minister Goyal

    MoU signed between Qatari Businessmen Association (QBA) and Confederation of Indian Industry (CII)

    MoU signed between Invest Qatar and Invest India

    Posted On: 18 FEB 2025 10:40AM by PIB Delhi

    Union Minister of Commerce and Industry, Shri Piyush Goyal highlighted that India-Qatar future partnership will rest on the pillars of  sustainability, technology and entrepreneurship and energy. This was stated by the Minister at the inaugural session of the India-Qatar Business Forum in New Delhi today. H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Hon’ble Minister of Commerce and Industry, State of Qatar was the Guest of Honour at the session.

    Shri Goyal noted that the partnership between the two countries rests on the foundation of trust, trade and tradition. The Minister added that the terms of trade are undergoing a change, evolving from energy trade to emerging technologies like artificial intelligence, Internet of things (IOT), quantum conducting, semiconductors etc. The entire world is going through a major shift in the context of geopolitical tensions, climate change, cybersecurity threats and  focus on localisation around the world, he noted.

    The Minister stated that India and Qatar complement each other and can work together for prosperity and a better future. Shri Goyal added that together we are set for a transition in terms of trade, investments and highlighted the 2 MoUs signed between Qatari Businessmen Association (QBA) and Confederation of Indian Industry (CII) and another between Invest Qatar and Invest India. The Minister also announced the elevation of the Joint Working Group on trade and commerce to the Ministerial level.

    Shri Goyal quoted Prime Minister Shri Narendra Modi, “Today be it major nations or global platforms, the confidence in India is stronger than ever before”, and urged the business leaders to work together with the same spirit and confidence. The Minister noted that India offers a vibrant economy, a rich demography with young population, reforms in every sphere of business, focus on ease of doing business and quality at the centrepiece of our industrial evolution. India today provides an oasis of stability, predictability and continuity, he added. Shri Goyal also invited companies from Qatar to be a part of India’s journey of growth in investments, manufacturing,renewable energy, expansion of smart cities and infrastructure development. Qatar Vision 2030 and India’s Viksit Bharat 2047 will  together define a much bigger and brighter future for the people of the two countries, concluded the Minister.

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    Abhishek Dayal/Abhijith Narayanan

    (Release ID: 2104278) Visitor Counter : 84

    MIL OSI Asia Pacific News

  • MIL-OSI: Atsign Unveils First Invisible Cloud on Oracle Cloud Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — Atsign today announced the successful creation of the first invisible cloud on Oracle Cloud Infrastructure (OCI) using its proven NoPorts technology. NoPorts is Zero Trust by design, built on the atPlatform, ensuring unparalleled security and privacy.

    What Makes it Invisible?

    The Atsign cloud instance operates on a non-routable IP address (10.1918), making it inaccessible from the public internet. Furthermore, all inbound ports on the virtual machine are completely closed, preventing access even from Oracle employees. This creates an “invisible” cloud, shielded from external and internal scans and attacks.

    NoPorts Enables Secure Communication

    Despite its invisibility, the cloud remains fully functional through NoPorts. This innovative technology enables secure and private communication with authorized individuals and services, with security embedded at the protocol level. This eliminates exposed attack surfaces while allowing authorized individuals and services to communicate securely—without changing how the cloud works for your teams.

    “This is an important milestone,” said Barbara Tallent, CEO of Atsign. “To be able to protect your data and make it invisible from even the cloud provider, is the future of security. The invisibility of our cloud on OCI underscores the power of NoPorts to deliver the most secure and private communication platform available.”

    Built on Zero Trust

    NoPorts is built upon Atsign’s zero-trust infrastructure, the atPlatform. This secure foundation ensures that only entities cryptographically authenticated can access the invisible cloud. This eliminates the need for traditional perimeter defenses and establishes a robust trust model for all interactions.

    This announcement further solidifies Atsign’s position as a leader in secure communication and data privacy. The company’s innovative technology is transforming how individuals and organizations interact online, empowering them to take control of their data and communicate with confidence.

    For more information about:

    About Atsign

    Atsign specializes in embedded security technology infrastructure, software solutions, and SDKs. The company is providing the technology for the next generation of the Internet with simplicity, security, and privacy built in. Atsign’s products are based on the promise of a new approach to networking using public key cryptography and personal data services. Learn more at Atsign.com. 

    Media Contact:
    Scott Hetherington
    Atsign
    Scott@Atsign.com
    844-827-0985

    The MIL Network

  • MIL-OSI: HighPeak Energy, Inc. Announces Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share on its common stock to be paid March 25, 2025 to stockholders of record on March 3, 2025.

    About HighPeak Energy, Inc.

    HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit our website at www.highpeakenergy.com.

    Investor Contact:

    Ryan Hightower
    Vice President, Business Development
    817.850.9204
    rhightower@highpeakenergy.com

    Source: HighPeak Energy, Inc.

    The MIL Network

  • MIL-OSI: Aktsiaselts Infortar Investor Webinar introducing the results of the Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    Infortar will organize a webinar for investors on 25 February 2025 at 12:00 (EET) in Estonian and at 14:00 (EET) in English to introduce the fourth quarter 2024 results. The webinar will be attended by the Chairman of the Board of Infortar Ain Hanschmidt, the Managing Director of Infortar Martti Talgre and Investor Relations Manager Kadri Laanvee.

    The webinar will be hosted on the Microsoft Teams platform. Please note that to participate, no prior registration is required, and no reminder of the webinar will be sent. You can either participate by joining from your web browser or via Microsoft Teams application. When using a smart device to join the webinar, you first need to download the Microsoft Teams application from either Play Store or App Store.

    Please join the webinar via the following links:

    25 February 2025 at 12:00 (EET) Estonian webinar

    25 February 2025 at 14:00 (EET) English webinar

    Questions can be sent to investor@infortar.ee before the webinar and via Teams Q/A during the event. The webinar will be recorded and will be available online for everyone on the company’s website at https://infortar.ee/en/reports.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    The MIL Network

  • MIL-OSI: Diamondback Energy, Inc. Announces Midland Basin Acquisition

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”) in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments (the “Double Eagle Acquisition”). The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the Company’s credit facility and/or proceeds from term loans and senior notes offerings.

    As part of this agreement, Diamondback and Double Eagle have also agreed to accelerate development on a portion of Diamondback’s non-core southern Midland Basin acreage. This acceleration is expected to bring forward Net Asset Value (“NAV”) to Diamondback by developing Diamondback’s lower quality acreage at a faster pace than current expectations. As a result, Diamondback expects significant Free Cash Flow growth in 2026 and beyond with minimal capital deployment through this accelerated development plan.

    Diamondback is also committing today to sell at least $1.5 billion of non-core assets to accelerate pro forma debt reduction in order to maintain its strong balance sheet. Diamondback expects to reduce net debt to $10 billion and, long term, maintain leverage of $6 billion to $8 billion.

    “Double Eagle is the most attractive asset remaining in the Midland Basin,” stated Travis Stice, Chairman and Chief Executive Officer of Diamondback. “With 407 locations adjacent to our core position, this largely undeveloped asset adds high-quality inventory that immediately competes for capital. Additionally, we see value uplift to our existing inventory as acreage overlap allows for meaningful lateral length extensions and infrastructure synergies. We look forward to seamlessly implementing our industry leading cost and operational structure on this differentiated asset.”

    Mr. Stice continued, “The Permian Basin continues to consolidate rapidly. We have worked tirelessly over the last thirteen years to position Diamondback to have the longest duration of high quality, low-breakeven inventory; a position we are solidifying with today’s announcement.  While we are adding a small amount of leverage to complete this trade, we are confident that we can quickly reduce debt both naturally through our consistent and growing Free Cash Flow and through our commitment to sell at least $1.5 billion of non-core assets.”

    Cody Campbell and John Sellers, Co-Chief Executive Officers of Double Eagle, commented, “We are excited to announce our agreement with Diamondback. We believe our team has built a truly standout asset that further increases Diamondback’s high-quality inventory. It was important to us that we maintain the stewardship of this asset going forward not only with a world-class Midland operator but also a group that shares our core values and understands the importance of community impact in West Texas.”

    Asset Highlights: Consolidated Scale in the Midland Basin

    • Approximately 40,000 net acres in the core of the Midland Basin
    • Estimated run-rate production of approximately 27 MBo/d (69% oil)
    • $200 million of capital expenditures anticipated in 2025 at current Midland Basin well costs of $555 to $605 per foot
    • Extends pro forma inventory life in the core of the Midland Basin
    • 68% of the asset is undeveloped with 407 estimated gross (342 net) horizontal locations in primary development targets with an average lateral length of approximately >11,000’
    • 44 gross upside locations primarily located in emerging zones

    Transaction Highlights

    • Valued at approximately 5.2x 2025 EBITDA
    • Enhances expected pro forma 2026 Free Cash Flow per share by 5%+
    • Immediately accretive to all relevant financial metrics including Cash Flow per share, Free Cash Flow per share and NAV per share

    Timing and Approvals

    Diamondback expects the transaction to close on April 1, 2025, subject to the satisfaction of customary closing conditions and regulatory approval.

    Advisors

    TPH&Co, the energy business of Perella Weinberg Partners, is serving as financial advisor to Diamondback. Kirkland & Ellis LLP is acting as legal advisor to Diamondback.

    RBC Capital Markets, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as financial advisors to Double Eagle. Vinson & Elkins LLP is acting as legal advisor to Double Eagle.

    About Diamondback

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

    Forward-Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Diamondback’s: future performance; business strategy; future operations (including drilling plans and capital plans); estimates and projections of production, revenues, losses, costs, expenses, returns, cash flow, and financial position; reserve estimates and its ability to replace or increase reserves; anticipated benefits or other effects of strategic transactions (including the pending drop down transaction with Viper Energy, Inc., the Double Eagle Acquisition and other acquisitions or divestitures); and plans and objectives of management (including plans for future cash flow from operations) are forward-looking statements. When used in this news release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) as they relate to Diamondback are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Diamondback believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Diamondback’s control. Accordingly, forward-looking statements are not guarantees of future performance and Diamondback’s actual outcomes could differ materially from what Diamondback has expressed in its forward-looking statements.

    Factors that could cause the outcomes to differ materially include (but are not limited to) the following: changes in supply and demand levels for oil, natural gas, and natural gas liquids, and the resulting impact on the price for those commodities; the impact of public health crises, including epidemic or pandemic diseases and any related company or government policies or actions; actions taken by the members of OPEC+ and Russia affecting the production and pricing of oil, as well as other domestic and global political, economic, or diplomatic developments, including any impact of the ongoing war in Ukraine and the Israel-Hamas war on the global energy markets and geopolitical stability; instability in the financial markets; trade wars; inflationary pressures; higher interest rates and their impact on the cost of capital; regional supply and demand factors, including delays, curtailment delays or interruptions of production, or governmental orders, rules or regulations that impose production limits; federal and state legislative and regulatory initiatives relating to hydraulic fracturing, including the effect of existing and future laws and governmental regulations; physical and transition risks relating to climate change; those risks described in Item 1A of Diamondback’s Annual Report on Form 10-K, filed with the SEC on February 22, 2024, and those risks disclosed in its subsequent filings on Forms 10-Q and 8-K, which can be obtained free of charge on the SEC’s website at http://www.sec.gov and Diamondback’s website at www.diamondbackenergy.com/investors.

    In light of these factors, the events anticipated by Diamondback’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Diamondback operates in a very competitive and rapidly changing environment and new risks emerge from time to time. Diamondback cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this news release or, if earlier, as of the date they were made. Diamondback does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.

    Diamondback Investor Contact:

    Adam Lawlis
    +1 432.221.7467
    alawlis@diamondbackenergy.com

    The MIL Network

  • MIL-OSI United Kingdom: More support announced for residents accessing education and training

    Source: City of Coventry

    Our Skills, Employment and Adult Education Service has announced the continuation of the SEGRO Employment Access Fund.

    The Fund helps support residents who need education or training to help them find work. 

    Following a successful pilot of the Fund in 2024, SEGRO has confirmed its continued support throughout 2025.

    There are several funding streams available to support learning through the Adult Education Budget via the West Midlands Combined Authority and the Education & Skills Funding Agency, but the SEGRO Employment Access Fund helps offer financial support to Coventry residents who are not eligible for this funding.

    To date, a wide range of learning opportunities have been accessed including:

    • English for Speakers of Other languages (ESOL)
    • English (Functional Skills qualification)
    • Caring for a Child
    • Mathematics
    • Level 2 Certificate in Supporting Teaching and Learning in Schools

    The courses are provided by Coventry’s Adult Education Service across the city.

    Councillor Dr Kindy Sandhu, Cabinet Member for Education and Skills, said:

    “The SEGRO Employment Access Fund is a fantastic lifeline for people who are seeking employment but might have a barrier in the way of them becoming employed.

    “The support from SEGRO is vital to helping us make further progress in removing barriers to education and skills for a wide range of Coventry residents.”

    SEGRO is the owner, developer and manager of SEGRO Park Coventry, and is a long-term investor in the area, The Fund forms part of its Coventry Community Investment Plan, a long-term commitment to support the communities around its development. The SEGRO Employment Access Fund, set up in partnership between SEGRO and Coventry City Council’s Skills, Employment & Adult Education Service has already supported 50 Coventry residents in accessing activities and training that they would have otherwise been ineligible for.  

    Dan Holford, Head of National Markets at SEGRO, said:

    “We are proud to support the continuation of the SEGRO Employment Access Fund, which is making a real difference in helping Coventry residents access education and training opportunities. As long-term investors, we are committed to building thriving communities and investing in skills and employment is a key priority for us. By working together with Coventry City Council, we can help remove barriers to learning and empower more people to achieve their potential.”

    Agnieskza, who attended an English for Speakers of Other Languages (ESOL) course, said:

    “At first, I was scared to speak at work but now I’m trying more. I have more confidence. I think this course will help me find a better job. I was a shift manager at McDonalds in Poland and I would like to get a job in retail as my English language improves.”

    Sehresh, who attended a Level 2 Certificate in Supporting Teaching and Learning in Schools, said

    “I had good experience; I had all the help I needed to finish this course. My tutor was very helpful and encouraging. My biggest achievement was I got a job straight after finishing my course”. 

    Anyone who would like to find out more about the courses available can find information on the Council website: www.coventrys.gov.uk/adulted

    MIL OSI United Kingdom

  • MIL-OSI: Aurora Mobile’s JPush Integrates DeepSeek to Revolutionize Intelligent Push Services and Enhance User Engagement

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, Feb. 18, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its flagship product, JPush, has successfully integrated DeepSeek, a cutting-edge large language model (LLM) known for its lightweight architecture and domain-specific optimizations. This integration marks a significant milestone in JPush’s evolution, enabling developers to deliver smarter, more personalized, and highly efficient push notifications to their users.

    Transforming Push Notifications with DeepSeek

    JPush has long been recognized as a leader in mobile push notification services, providing developers with reliable and high-performance solutions to engage users. With the integration of DeepSeek, JPush takes a leap forward by embedding advanced AI capabilities directly into its push notification ecosystem. DeepSeek’s lightweight yet powerful LLM architecture allows JPush to analyze user behavior, preferences, and contextual data in real time, enabling hyper-personalized notification delivery.

    This integration empowers developers to craft notifications that are not only timely but also contextually relevant, significantly improving user engagement and retention rates. Whether it’s e-commerce, gaming, finance, or social media apps, JPush with DeepSeek ensures that every notification resonates with the user, driving higher click-through rates and conversions.

    Enhanced Features Powered by DeepSeek

    The integration of DeepSeek brings several key enhancements to JPush:

    • Real-Time Content Personalization: DeepSeek enables dynamic generation of notification content tailored to individual user preferences, ensuring maximum relevance and impact.
    • Context-Aware Delivery: By analyzing user behavior and environmental factors, JPush can now optimize the timing and frequency of notifications to avoid spamming and improve user satisfaction.
    • Domain-Specific Intelligence: DeepSeek’s domain-specific optimizations allow JPush to cater to diverse industries, delivering notifications that align with the unique needs of sectors such as retail, healthcare, and entertainment.

    Driving the Future of Intelligent Push Services

    The integration of DeepSeek aligns with Aurora Mobile’s mission to empower developers with intelligent tools that enhance user engagement and operational efficiency. By combining JPush’s robust push notification infrastructure with DeepSeek’s AI-driven insights, Aurora Mobile is setting a new standard for intelligent push services.

    “We are thrilled to integrate DeepSeek into JPush, further solidifying our commitment to innovation and developer success,” said Chris Lo, founder and CEO at Aurora Mobile. “This integration not only enhances the capabilities of JPush but also opens up new possibilities for developers to create meaningful and impactful user experiences.”

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In U.S.
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network

  • MIL-OSI Economics: CBB 12 Month Treasury Bills Issue No. 125 Oversubscribed

    Source: Central Bank of Bahrain

    CBB 12 Month Treasury Bills Issue No. 125 Oversubscribed

    Published on 18 February 2025

    Manama, Bahrain –18th February 2025 – This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 113%.

    The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.

    The issue date of the bills is 20th February 2025, and the maturity date is 19th February 2026.

    The weighted average rate of interest is 5.26% compared to 5.36% of the previous issue on 16th January 2025.

    The approximate average price for the issue was 94.953% with the lowest accepted price being 94.777%.

    This is issue No. 125 (ISIN BH000430AO57) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

    Share this

    MIL OSI Economics

  • MIL-OSI Africa: NBA Africa and Safaricom’s M-Pesa Launch League’s Most Expansive Youth Development Program in East Africa to Date

    Source: Africa Press Organisation – English (2) – Report:

    NAIROBI, Kenya, February 18, 2025/APO Group/ —

    NBA Africa and Safaricom (NSE: SCOM- https://apo-opa.co/4gKHaas), the region’s leading technology company, on Saturday launched the M-PESA Jr. NBA program that will provide basketball development and financial literacy programming to more than 10,000 boys and girls in Nairobi, Mombasa, Eldoret, and Kisumu, marking the league’s most expansive youth development program in East Africa to date.   

    The first year of the M-PESA Jr. NBA program, which tipped off with a clinic for more than 100 local coaches at SABIS International School in Nairobi, will consist of four regional tournaments for youth ages 13-16 in Nairobi (Feb. 22-23), Mombasa (March 8-9), Eldoret (March 15-16) and Kisumu (March 22-23). 

    In each city, 20 boys’ and 20 girls’ teams will participate in skills development sessions and competitive games. The top 80 players will then be grouped into four boys’ teams and four girls’ teams that will play games in a round-robin format. The top 16 boys and girls from each city will be selected to attend an elite top 100 camp at Aga Khan Academy in Mombasa in April.

    In addition to the basketball development programming, M-PESA, Safaricom’s innovative mobile payment platform, will host financial literacy workshops for the participating youth, empowering them to develop healthy financial habits.

    “Tipping off our multiyear collaboration with Safaricom is an important milestone in our ongoing efforts to make basketball more accessible to Kenyan boys and girls,” said NBA Africa CEO Clare Akamanzi. “We look forward to positively impacting youth and coaches across the country through basketball development and life-skills programming.”

    “Our collaboration with NBA Africa could not have come at a more opportune moment, as Safaricom’s M-PESA will celebrate its 18th anniversary this March, marking a significant milestone in our journey,” said Safaricom CEO Dr. Peter Ndegwa. “Through M-PESA Go, this collaboration transcends beyond basketball. It is driven by a shared vision to create a lasting impact, not only in sports but also in the broader context of youth empowerment. We are committed to nurturing potential, building character, and equipping the next generation with the tools necessary for success. We firmly believe that the association between M-PESA Go and the Jr. NBA program can pave the way for growth and financial health, enabling young athletes to develop their skills and seize opportunities at the next level.”

    MIL OSI Africa

  • MIL-OSI Europe: Record employment levels in companies supported by EI, IDA and Údarás na Gaeltachta reflect strength and resilience

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    Over 546,763 jobs in client companies of Government agencies in 2024, an increase of 7,030 jobs on 2023 

    The Minister for Enterprise, Tourism and Employment Peter Burke has today (18.02.2025) published two surveys on the Irish economy, which reflect the continued strength and resilience of industry in Ireland in the face of the challenges posed by global economic and political headwinds.

    The Annual Employment Survey 2024 finds that jobs in client companies of Enterprise Ireland, the IDA and Údarás na Gaeltachta, are now at their highest ever level, at over 546,763 jobs, which is a 1.3% increase on 2023 figures. 

    The Annual Business Survey of Economic Impact 2023 shows strong growth in sales, exports, value added and direct expenditures in the Irish economy for both Irish and foreign-owned companies in 2023.  

    The Minister said:

    “These results demonstrate the strength and resilience of our jobs market and industry in Ireland, in spite of the challenges posed by global economic and political headwinds. 

    “In 2024, employment growth in Irish owned firms was strong across the board, including in the Construction, Business Services and Food & Drink sectors. Total permanent, full-time jobs among Irish-owned companies has increased by another 2.3% this year, with Irish-owned companies growing in employment in every year over the past decade.  

    “Among Foreign owned firms, employment growth in Chemicals, Business Services and Medical Devices sectors has meant that we have maintained 300,000 roles across FDI, with 2,237 additional roles added this year. Sales and exports continue to grow strongly, and these companies purchase goods and services in the local economy.  

    “Government enterprise policy is working and making a significant impact on employment levels and wider society. My Department will maintain a laser focus on jobs, actively supporting and incentivising Irish businesses, while also investing in bringing new jobs to Ireland”

    Annual Employment Survey 2024 Key Findings: 

    • Employment in FDI firms increased by 0.3% since 2023, with 1,064 additional total jobs.  
    • In Irish-owned firms, employment increased by 2.7%, an increase of 5,966 total jobs since 2023. 
    • Among Irish owned firms the Energy, Water, Waste Construction sector gained the most jobs followed by Business Services with +1,444 and +995 full time jobs respectively. 
    • Among foreign owned firms Chemicals and Business Services gained the most jobs with +1,307 and +879 full time jobs respectively. 
    • Growth in employment between 2015-2024 was strongest in the Dublin region with an increase of 69.4% (+82,129), followed by the South-West (up 44.5%, +24,233 full time jobs). All regions grew employment over the ten-year period. 

    Annual Business Survey of Economic Impact (2023) Key Findings: 

    • Total sales amounted to €509.7 billion in 2023 which represents an increase of 6.8% in current prices on the previous year’s figure of €477.2 billion. 
    • Total exports in 2023 amounted to €459.4 billion, an increase of 7.0% on the previous year of €429.4 billion, with 92.4% of these exports being from foreign-owned enterprises.   
    • Value added (sales less materials and services costs) has also increased over this time-series and in 2023 amounted to €206.2 billion, up 6.4% on the previous year with 43.5% of this increase attributable to the foreign owned IT services sector.  
    • Direct Expenditure in the Irish Economy (Payroll, Irish Materials, Irish Services) has increased over 2022 by 4.8% to €78.5 billion in 2023. The level of direct expenditure in the Irish economy by foreign-owned client companies was €40.9 billion and €37.5 billion for Irish-owned client companies.  

    The Department of Enterprise, Trade and Employment co-ordinates these surveys of the client companies of the enterprise development agencies (Enterprise Ireland, IDA Ireland and Údarás na Gaeltachta). The results are presented by company ownership in terms of Irish and foreign-owned firms. 

    The indicators collected include annual sales and exports and payroll, materials and services costs. Data collected in 2023 and 2024 is merged with results of previous surveys to provide trend data and indicators are available by ownership and sector and are used by the agencies in their annual reports and end-of-year statements. 

    Agencies have commenced surveys of client companies for the 2024 Annual Business Survey of Economic Impact with all results expected early 2026. 

    ENDS

    MIL OSI Europe News

  • MIL-OSI: Sparekassen Kronjylland, number one in customer satisfaction, signs Agillic to raise the bar

    Source: GlobeNewswire (MIL-OSI)

    Press release, Copenhagen, 18 February 2025

    Sparekassen Kronjylland, among Denmark’s ten largest financial institutions, is organised around making a positive difference for the customers with a defined purpose to build life-long relationships and help customers get the best of their finance. As a guarantee savings bank, they aim to leverage the flexibility of not having shareholders to also make a difference in the local communities by supporting associations, clubs, and cultural institutions. 

    Customer satisfaction is the most important metric to Sparekassen Kronjylland and whilst ranking number one within banking in Denmark, they push to constantly improve and deliver ever more relevant information and customer experiences.

    Trine Kastrup Berthelsen, Project Manager at Sparekassen Kronjylland explains: “Our promise to customers is financial security and our advisors work hard to foster trusted relationships by providing the most relevant guidance and advice at any given time. With Agillic, we have a modern platform to complement their effort and one that not only provides immediate impact but also scales long term as we continue to evolve our ambitions for how individualised our information and communication can and should be.”

    Bo Sannung, Chief Solution Officer at Agillic adds: “Agillic’s ability to deliver highly individual customer experiences and personalised communication, and with uncompromising compliance on privacy and security, is critical for financial businesses. Welcoming Sparekassen Kronjylland, already number one in customer satisfaction, is a testament to that and we are proud to help them deliver as they continue to raise the bar on customer relationships.”

    For further information, please contact
    Christian Samsøe, CEO
    +45 24 88 24 24
    christian.samsoe@agillic.com 

    About Agillic A/S
    Agillic A/S (Nasdaq First North Growth Market Copenhagen: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate, and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit agillic.com.

    The MIL Network

  • MIL-OSI United Kingdom: Severn Trent bring exciting job opportunities to Coventry

    Source: City of Coventry

    It’s estimated that there’s some 1.5m people above the age of 16 currently unemployed across the UK, with many of those across the Midlands.

    Severn Trent’s commitment to change that statistic is seeing it create opportunities to connect people to jobs in Coventry.

    Working with Coventry City Council, the company is bringing back it’s Big Boost for Coventry – where it promises jobs, skills, training and work opportunities for those in the city and beyond.

    The company is to be joined by employers such as British Army, EON, National Gas, Warwickshire Police, NHS and more – following the success of its first event that saw over 500 people through the doors at the Transport Museum.

    The event, that’s free to enter and will take place on Thursday 6th March 2025 – between 10am and 2pm at Coventry Transport Museum.

    As well as employers with live jobs, there’s free cv workshops, virtual reality interview practice, and other employability training and other support available, such as help with water bills and cost of living support.

    Councillor Dr Kindy Sandhu, Cabinet Member for Education and Skills said: “It’s fantastic that Severn Trent want to bring another jobs fair back to the city. The last event was a huge success, so we hope to build on that for 2025. We want to make sure our residents are equipped with the right skills to go onto pursue future careers in and around the city. The jobs fair is definitely something that will help support this. 

    “I encourage anyone looking for support with interview skills, CV writing, confidence building or seeking work opportunities to go along.”

    To support the event the museum is also offering a massively discounted day rate to the museum of only £5 for anyone who attends. Where it’s usually £15 for the year.

    Adam Stevens, Societal Programme Officer, at Severn Trent said: “Our first event in Coventry was hugely successful, so we had to plan and bring back another session quickly to bring more opportunities to the city. We’re a big employer in Coventry and know our responsibility in creating opportunities and connecting people to them. We want people to come out and look at what jobs are available, as well as other opportunities like apprenticeships and free employability training.

    “We’re looking forward to seeing many local people there taking advantage of some of the biggest employers together in one room to help boost employment in Coventry and make use of our free training sessions can get people job ready.”

    The event builds on the company’s work in region, where it first launched a 10-year plan to support 100,000 people who are at risk of water poverty by tackling one of the underlying causes of poverty.  

    The company has been partnering with local schools, hosting jobs fairs, as well as delivering mentoring to prison leavers – in its commitment to help support those from marginalised groups with employment opportunities.

    To register your interest to this free event, visit Severn Trent’s Big Boost for Cov Jobs Fair Tickets, Thu 6 Mar 2025 at 10:00 | Eventbrite

    MIL OSI United Kingdom

  • MIL-OSI Russia: MIL Analysis – Five best articles in Russian for 17.02.2025

    MIL Analysis: Here are the top five Russian language articles published today. The analysis includes five key articles prioritized at the moment.

    Samaraneftegaz again shows its results for efficient production.

    Russia’s banks continue to fight the onslaught of cyber fraud with new measures and surveys to protect against cyber attacks.

    Education is effective and stable. There are more and more new opportunities for students of different types of education.

    Also on the agenda is the environmental issue of preserving Lake Baikal.

    You can read one of the articles below.

    1. The economic effect of Samaraneftegaz’s production efficiency program exceeded RUB 2.7 billion.

    Samaraneftegaz (part of Rosneft’s oil and gas production complex) received an economic effect of more than 2.7 billion rubles in 2024 due to the implementation of the production efficiency improvement program.

    2. Financial news: Portrait of a cyber fraud victim in 2024.

    In 2024, 34% of citizens who participated in the Bank of Russia survey have experienced various types of cyber fraud. At the same time, 9% of those who came into contact with cybercriminals lost money. Based on these and other data, the regulator has compiled a portrait of a victim of cyber fraud.

    3. Acceptance of projects for the Big Mathematical Workshop – 2025 has started.

    The Mathematical Center in Akademgorodok (MCA) is accepting projects for consideration for implementation at the Large Mathematical Workshop 2025. The workshop consists of three parts: intensive face-to-face work for a week, followed by more free “inter-module” activities, and finally another week of intensive face-to-face work. In 2025, the first module of the Workshop will take place from July 6-12 and the second module from July 14-19.

    4. NSU, together with the Gorchakov Foundation, has opened applications for the internship program for foreign specialists.

    Novosibirsk State University – NSU in cooperation with the Gorchakov Foundation has opened applications for the internship program for foreign specialists in the areas of “Artificial Intelligence in Medicine” and “Modern Quantum and Information Technologies in Electronics and Photonics”.

    Last day for applications: March 20, 2024, 23:59 Moscow time.

    Date of the event: June 1 – 29, 2025.

    5. Dmitry Patrushev and Alexey Tsydenov, Head of the Republic of Buryatia, discussed the preservation of Lake Baikal.

    Deputy Prime Minister Dmitry Patrushev held a working meeting with the Head of the Republic of Buryatia Alexey Tsydenov. The topic of discussion was the environmental agenda, in particular the preservation and restoration of Lake Baikal.

    Learn more about MIL’s content and data services by visiting milnz.co.nz.

    Regards MIL!

    MIL OSI Russia News

  • MIL-OSI Europe: The ESAs provide a roadmap towards the designation of CTPPs under DORA

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) are advancing in the implementation of the pan-European oversight framework of critical ICT third-party service providers (CTPPs) with the objective to designate the CTPPs and to start the oversight engagement this year.

    CTPP designation and engagement

    To designate the CTPPs in 2025, the ESAs will perform the following steps:

    • Collection of the Registers of Information: Competent Authorities are required to submit to the ESAs, by 30 April 2025, the Registers of Information on ICT third-party arrangements they received from financial entities.
    • Criticality assessments: The ESAs will perform the criticality assessments mandated by DORA and notify ICT third-party service providers of their classification as critical by July 2025. This notification will start a six-week period during which ICT third-party service providers may object to the assessment with a reasoned statement and relevant supporting information.
    • Final Designation: After the six-week period, the ESAs will designate CTPPs and start oversight engagement with them.

    ICT third-party service providers not designated as critical may voluntarily request to be designated as critical once the list of CTPPs is published. Details on how to request this will be provided soon.

    Implementation of the oversight framework and setup of the joint ESAs oversight function

    The ESAs have been preparing the governance, procedures and methodologies necessary to conduct oversight activities.

    To maximise synergies, ensure consistency in the oversight tasks and use resources efficiently, the ESAs have set up a joint DORA oversight function, led since October 2024 by a joint Director. The establishment of this function will allow the ESAs to perform their day-to-day oversight duties with an integrated approach across their sectors.

    Next steps

    To provide clarity to the market on preparatory activities, the designation process and on the ESAs’ oversight approach, the ESAs plan to organise an online workshop with ICT third-party providers in the second quarter of 2025. Further details on the exact date will be published in due course.

    Background

    The EU’s Digital Operational Resilience Act (DORA), along with the oversight framework of CTPPs, entered into application on 17 January 2025, marking a significant milestone for enhancing the digital operational resilience of the financial sector in the EU.

    In addition to Section II of chapter V of DORA, the relevant regulatory references of the oversight framework are the following:

    • two Delegated Regulations adopted by the European Commission in Q4 2024 on the basis of two draft Regulatory Technical Standards (RTS) developed by the ESAs covering the items set out in Article 41 of DORA (here and here)
    • two Delegated Regulations published in the Official Journal covering the designation criteria to be applied by the ESAs while designating CTPPs (here) and the fees that CTPPs are going to pay according to Article 43 (here)
    • Guidelines on cooperation between the ESAs and the relevant Competent Authorities (here)

    Financial entities can access the reporting rules for the Registers of Information here. These registers will be used as a basis for the designation of CTPP.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Mayor urges more businesses to donate old IT equipment and help digitally excluded Londoners get online

    Source: Mayor of London

    • Get Online London has reached more than 100,000 digitally excluded Londoners, thanks to 1,106 Digital Inclusion Hubs across the capital
    • Donating mobile phones, laptops and other IT equipment helps provide digital access for more Londoners
    • Mayor has donated over 700 City Hall devices and is calling on other organisations to follow suit

    The Mayor of London, Sadiq Khan, has today called on businesses and public bodies to help more digitally excluded Londoners get online by donating unwanted mobile phones, laptops and other IT equipment.

    More than 100,000 Londoners have already been supported by Get Online London, the capital’s first ever digital inclusion service set up by City Hall and the London Office of Technology and Innovation (LOTI), to ensure every Londoner has access to essential digital connectivity, skills, devices and support.

    Digital exclusion is a major issue for many Londoners, impacting people’s health, education and work outcomes. It can prevent people from fully participating in society as many essential services linked to vital areas including education, employment and social interaction are increasingly reliant on online platforms.

    Around two million residents across the capital still have very limited digital engagement, such as lacking their own device or facing difficulties with online services. Over 250,000 are completely offline, with no internet access at all. [1]

    Get Online London helps those across the capital who are digitally excluded by giving people the tools and knowledge to get online and participate in the digital world.

    Working in partnership with the UK’s leading digital inclusion charity Good Things Foundation and the LOTI, Get Online London has established 1,106 Digital Inclusion Hubs across every borough in London, providing free internet for Londoners who couldn’t otherwise afford to get online, which have so far distributed 88,500 data packages

    Working in partnership with the UK’s leading digital inclusion charity Good Things Foundation and the LOTI, Get Online London has established a National Databank [2] across every borough, providing free internet for Londoners who couldn’t otherwise afford to get online, which have so far distributed 88,500 data packages.

    The innovative service ensures donated digital equipment is securely and sustainably refurbished, so it can then be given to those in need. As well as providing 7,119 devices to get Londoners online, it is helping organisations that donate to reduce e-waste and boost London’s progress towards achieving net zero.

    The Mayor has recently signed an agreement to donate more than 700 City Hall devices and he is calling on businesses and public bodies to join City Hall, the Metropolitan Police Service, Thames Water, London Councils and many London borough councils already contributing to Get Online London.

    The Mayor of London, Sadiq Khan, said: “Get Online London has been a huge success and I’m really proud that we’ve now reached more than 100,000 Londoners, working alongside the London Office of Technology and Innovation and the Good Things Foundation to tackle digital exclusion.

    “Demand for devices still far outstrips supply, so we must do more. That’s why I’m calling on businesses and public bodies to donate mobile phones, laptops and other IT kit to help us fix the digital divide and ensure access for all. Devices an organisation no longer needs can be essential lifelines for others, and together we can build a better and fairer London for everyone.”

    Genta Hajri, Digital Innovation Delivery Lead, London Office of Technology and Innovation, said: “The ability to get online is such a basic and increasingly vital part of being fully included in society: to access education, work, look after our health and wellbeing and to connect with friends and family.

    “We’re delighted by the progress that’s already been achieved with Get Online London and encourage organisations from the public and private sectors to support this work to ensure no Londoner is left behind.”

    Helen Milner OBE, Group Chief Executive Officer, Good Things Foundation, said: “Thousands of Londoners are still offline. They are unable to participate in everyday life – from accessing essential services, to finding work and connecting with their loved ones – leaving them feeling disconnected from the digital world we live in.

    “Businesses who donate their disused devices and equipment to Get Online London, London’s Digital Inclusion Service, are helping to tackle digital exclusion with zero tech waste and giving people the opportunity to get online. Help solve one of today’s biggest problems, and together we can fix the digital divide for good.”  

    To find out more about how to donate devices and support Get Online London, please visit: https://loti.london/get-online-london/

    MIL OSI United Kingdom

  • MIL-OSI Russia: Marat Khusnullin: The “road map” for the implementation of the Concept for training personnel for the construction industry and housing and communal services has been approved

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Construction site, Republic of Mordovia

    Deputy Prime Minister Marat Khusnullin approved an action plan for the implementation of the Concept for training personnel for the construction industry and housing and utilities until 2035. The document was developed by the Ministry of Construction in cooperation with the Ministry of Education and Science, the Ministry of Education, the Ministry of Labor and the industry community and is aimed at achieving the national development goals of Russia outlined by the President.

    “Training personnel for the construction and housing and utilities sectors is of strategic importance for the entire country, especially in the context of large-scale national development goals for Russia. Construction of comfortable housing, high-quality roads, infrastructure modernization, and improvement of populated areas require qualified specialists. Without them, it is impossible to ensure the fulfillment of all the tasks set. Their work directly affects the quality of life of millions of Russians. Last year, the Prime Minister approved the Concept for training personnel for the construction and housing and utilities sectors until 2035, and now we have prepared a “roadmap” in this area. We expect that over the next six years, over 850 thousand young specialists with various qualifications will be attracted to the industry. Systematic work to expand the human resources potential of the industry will also contribute to the fulfillment of the indicators of the national project “Infrastructure for Life”, – said Marat Khusnullin.

    The Deputy Prime Minister specified that the “road map” covers all stages of personnel training, from career guidance to scientific activity. The document provides for the development and implementation of new federal state educational standards and programs, including mechanisms for reducing training periods, as well as new professional standards.

    “The total number of students enrolled in industry-related programs has been steadily growing in the country over the past four years. The leading role here is given to the Moscow State University of Civil Engineering, which was recently included in the list of universities that provide training for engineering personnel and scientific developments for the country’s technological leadership. It is also the basic organization for training and advanced training of personnel in the construction and housing and communal services industries not only in Russia, but also in all CIS countries. In addition, the President supported the project to create a world-class campus on the basis of the National Research University MGSU,” added the Deputy Prime Minister, Chairman of the Board of Trustees of the Moscow State University of Civil Engineering.

    According to Marat Khusnullin, the roadmap plans to develop interaction between educational organizations and industry companies. This work includes increasing the target student intake, expanding educational opportunities for foreign students, raising the status of professions related to architecture and construction, and popularizing the construction industry as a whole.

    “Taking into account the implementation of the new national project “Infrastructure for Life”, which involves large-scale construction of housing, utilities, transport, industrial and social infrastructure in all regions of Russia, as well as on the basis of the Strategy for the Development of the Construction Industry and Housing and Public Utilities, the projected number of specialists in construction and housing and public utilities by 2030, taking into account data from the Ministry of Labor of Russia, is estimated at 6.8 million people. Currently, the system of training personnel for the construction industry and housing and public utilities includes more than 270 higher education institutions and their branches, as well as over 1.5 thousand vocational education organizations. In 2024, compared to 2020, the number of students in construction universities increased by 9.3 thousand people (18.7%), technical schools and colleges – by 11.7 thousand people (6.3%),” said Minister of Construction and Housing and Public Utilities Irek Fayzullin.

    In areas of training and specialties related to architecture, construction and housing and public utilities, the annual average number of university graduates exceeds 34 thousand people, technical schools and colleges – over 117 thousand people.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: Rosneft Expands Geography of Production of New Generation Petroleum Bitumen

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    The Ufa plants Bashneft-Novoil and Bashneft-Ufaneftekhim have launched industrial production of PG 64-28* road bitumen with improved performance characteristics. The new material can withstand increased transport loads and has an extended operating temperature range. This allows for a significant increase in the resistance of road surfaces to defects, which is especially important for Russian regions with large daily temperature fluctuations.

    Development of technological potential is one of the key elements of the Rosneft-2030 strategy. The company prioritizes innovation activities and defines technological leadership as a key factor in competitiveness in the oil market.

    To determine the physical and chemical properties of the new grade of bitumen PG 64-28*, the laboratories of Ufa oil refineries were additionally equipped with high-tech analytical equipment, including domestically produced equipment, which determines the quality indicators of both the original and artificially aged bitumen. Work on the implementation of the new technology was carried out jointly with specialists from the corporate research institute in Ufa.

    Unlike the “classic” bitumen binder, the new chemical composition of the PG brand allows for the product’s behavior in asphalt concrete to be predicted in advance and with high accuracy at low and high temperatures. With this approach, road services have the opportunity to select the most suitable bitumen for the construction, reconstruction or repair of roads located in a specific area of a particular climate zone.

    The use of PG grades allows to increase the service life of roads up to 12 years, reduce the costs of repair work, and improve road safety.

    Reference:

    * PG grade bitumens are produced for the construction of highways, where advanced asphalt concrete mixtures with high operational reliability are used. The numbers in the name of the bitumen PG 64 and -28 indicate the maximum and minimum operating temperatures.

    The company produces bitumen at 10 oil refineries located in the Central, Volga and Siberian Federal Districts.

    Rosneft’s key asset in the Republic of Bashkortostan is the Bashneft company. The branches Bashneft-Novoil and Bashneft-Ufaneftekhim are part of the Bashneft oil refining complex.

    Department of Information and Advertising of PJSC NK Rosneft February 18, 2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: Atigro Launches Atigro AI-ERP, Its Augmentation Services and AI Toolkit for ERP

    Source: GlobeNewswire (MIL-OSI)

    MCLEAN, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) — Atigro, a custom software development and integration company, enhanced its industry leadership today with the launch of Atigro AI-ERP.  By leveraging Atigro AI-ERP, a set of practical ERP augmentation services and a secure AI toolkit, businesses can successfully upgrade and revitalize investments already made in ERP assets to gain real oversight, control and efficiency of their business operations. Atigro AI-ERP makes an ERP implementation more flexible so that businesses can gain more control over their operations, address more business opportunities and achieve a higher return on investment.

    With its practical data management and application coordination capabilities, paired with AI intelligence integration, Atigro AI-ERP acts as a force multiplier. Atigro augments existing ERP assets, mapping them to true business workflows, rationalizing and tying in disparate data sources and strategically interspersing intelligent AI agents. These scalable system enhancements deliver real-time insights, drive efficiencies, improve accountability, clarify reporting and provide companies with actionable intelligence to exploit previously unrecognized business opportunities. 

    “We applaud companies that have invested in an ERP platform. Unfortunately, most ERP implementations are too rigid to effectively adapt to a company’s operations. Usually, pockets of a business have been addressed by the ERP integration and the company data storage has been housed in disparate databases, or more commonly, on excel spreadsheets or even paper. This has hindered ROI and hampered the addition of practical and useful ERP advancements,” said Ken Fischer, CEO of Atigro, Inc. “We augment and revitalize ERP assets. Atigro AI-ERP, the toolkit and its associated services, cuts through unknowns by mapping and ascertaining a client’s true workflow and tailoring the ERP systems to match. This makes it much easier for employees to do their job, instead of focusing on data entry, while the company increases its ROI, employee retention, efficiency, control and security.”

    Atigro A Practical AI-ERP Force Multiplier
    ERP systems are supposed to track and mirror a company’s business operations and requirements. However, for employees across a spectrum of business units, ERPs are often difficult to get answers from because they have very set ways of presenting data. Therefore, getting an answer might require combining data in spreadsheets, looking at records one at a time or having a database administrator research it for them. Additionally, the data reports presented to employees and executives is not provided in a manner that is easy to consume.

    Atigro harnesses the power of AI to create tailored AI agents that dynamically interact with people and databases throughout ERP workflows. These intelligent AI agents accept requests from employees and access information from databases and other data sources, solve tasks and provide results in an easy to consume manner. This makes it easier for employees to focus on work activities instead of data entry – increasing employee efficiency, satisfaction and retention. 

    Atigro AI-ERP Security Compliance
    Atigro AI-ERP toolkit complies with enterprise security and DevSecOps best-practices, can be integrated with Entra-A or Corporate Google Workspace logins and use multiple enterprise-ready databases. It also can be integrated with custom mobile apps. It also contains an AI-friendly event system which makes it easy to research and understand past transactions in the system. All of Atigro AI-ERP’s systems are hosted in a closed environment and do not share information with external services or partners.

    Pricing & Availability
    Atigro AI-ERP is available today. It is sold as a platform in conjunction with Atigro’s configuration services. Pricing is based on discovery, which begins at $25,000. Interested parties may contact Atigro for additional information.

    About Atigro, Inc.
    Founded in 2005, Atigro is a custom software development company that supplies organizations with AI tools and ERP configuration services. Atigro AI-ERP is a set of ERP augmentation services and AI toolkit that can revitalize a company’s ERP installation and assets to gain real oversight, control and efficiency of its business operations. Atigro AI-ERP acts as a force multiplier, providing companies with actionable intelligence to streamline their operations and exploit previously unrecognized business opportunities. For more information, please visit www.atigro.com.

    Atigro and Atigro AI-ERP are the property of Atigro, Inc. All other names, trademarks and service marks are the property of their respective holders. 

    Media & Industry Analyst Contact Only:
    Ed Schauweker
    AVID Public Relations for Atigro
    ed@avidpr.com
    703.963.5238

    The MIL Network

  • MIL-OSI China: Foreign Minister Lin hosts a welcome luncheon for Eswatini Deputy Prime Minister Dladla

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    February 12, 2025 

    No. 037

    Minister of Foreign Affairs Lin Chia-lung hosted a welcome luncheon on February 12 for a delegation from the Kingdom of Eswatini led by Deputy Prime Minister Thulisile Dladla. He thanked Eswatini for its staunch commitment to diplomatic alliance with Taiwan and for its firm support for Taiwan’s international participation over the years.

     

    In his remarks at the event, Minister Lin also spoke about the heavy rainfall and subsequent flooding in Eswatini that had seriously impacted the lives of people in some areas. He extended sympathies to those affected and recounted President Lai Ching-te’s instruction that the Ministry of Foreign Affairs (MOFA) must do its utmost to assist in the Eswatini government’s relief efforts and increase food donations so that the disaster victims could resume normal life as early as possible. 

     

    Commenting on the close bilateral cooperation across various domains, Minister Lin stated that the strategic oil reserve project currently underway in Eswatini was the largest infrastructure project by the two countries since the establishment of diplomatic ties. He added that Taiwan and Eswatini had steadily strengthened collaboration in such areas as energy, agriculture, education, gender equality, and women’s empowerment. He noted that among the joint projects, the Women’s Business Start-Up Microfinance Revolving Fund established in 2023 with assistance from the Taiwan government had effectively provided start-up capital to female entrepreneurs in rural areas of Eswatini. Minister Lin affirmed that more than 500 women had benefited from the program and that a beneficiary family had named their newborn daughter Taiwan out of gratitude, highlighting the positive impact of the friendship between Taiwan and Eswatini on the people’s well-being. He further expressed that such developments were inspiring.

     

    During the luncheon, Deputy Prime Minister Dladla thanked Taiwan for assisting in the national development of Eswatini. She reiterated that Eswatini would not falter in its support for Taiwan under any external pressure; that it would stand by Taiwan in the face of all challenges; and that it would continue to uphold Taiwan’s right to participate in all international organizations, including the United Nations. 

     

    Deputy Prime Minister Dladla emphasized that Taiwan and Eswatini enjoyed deep and extensive cooperation, having built a partnership as strong as family ties. As an example, she cited Taiwan’s prompt evacuation assistance to Eswatini expatriates in Ukraine when the Russia-Ukraine war erupted as testament to the genuine friendship between Taiwan and Eswatini.

     

    The luncheon was also attended by Deputy Minister of Health and Welfare Lue Jen-der, Deputy Minister of Foreign Affairs François Chihchung Wu, Superintendent of Taipei Medical University Hospital Shih Chun-ming, and Board Chairperson of the Garden of Hope Foundation Pan Ay-woan. Participants exchanged views on healthcare, education, and energy collaboration between Taiwan and Eswatini; the creation of social safety nets; protection of vulnerable groups; and other issues.

     

    Eswatini established diplomatic relations with Taiwan immediately after it gained independence in 1968. MOFA will maintain close cooperation with the government of Eswatini to steadily promote the Diplomatic Allies Prosperity Project, foster a reciprocal and mutually beneficial partnership, enhance the well-being of the peoples of Taiwan and Eswatini, and further consolidate bilateral ties. (E) 

    MIL OSI China News

  • MIL-OSI Asia-Pac: Foreign Minister Lin hosts a welcome luncheon for Eswatini Deputy Prime Minister Dladla

    Source: Republic of China Taiwan 3

    February 12, 2025 
    No. 037Minister of Foreign Affairs Lin Chia-lung hosted a welcome luncheon on February 12 for a delegation from the Kingdom of Eswatini led by Deputy Prime Minister Thulisile Dladla. He thanked Eswatini for its staunch commitment to diplomatic alliance with Taiwan and for its firm support for Taiwan’s international participation over the years.
     
    In his remarks at the event, Minister Lin also spoke about the heavy rainfall and subsequent flooding in Eswatini that had seriously impacted the lives of people in some areas. He extended sympathies to those affected and recounted President Lai Ching-te’s instruction that the Ministry of Foreign Affairs (MOFA) must do its utmost to assist in the Eswatini government’s relief efforts and increase food donations so that the disaster victims could resume normal life as early as possible. 
     
    Commenting on the close bilateral cooperation across various domains, Minister Lin stated that the strategic oil reserve project currently underway in Eswatini was the largest infrastructure project by the two countries since the establishment of diplomatic ties. He added that Taiwan and Eswatini had steadily strengthened collaboration in such areas as energy, agriculture, education, gender equality, and women’s empowerment. He noted that among the joint projects, the Women’s Business Start-Up Microfinance Revolving Fund established in 2023 with assistance from the Taiwan government had effectively provided start-up capital to female entrepreneurs in rural areas of Eswatini. Minister Lin affirmed that more than 500 women had benefited from the program and that a beneficiary family had named their newborn daughter Taiwan out of gratitude, highlighting the positive impact of the friendship between Taiwan and Eswatini on the people’s well-being. He further expressed that such developments were inspiring.
     
    During the luncheon, Deputy Prime Minister Dladla thanked Taiwan for assisting in the national development of Eswatini. She reiterated that Eswatini would not falter in its support for Taiwan under any external pressure; that it would stand by Taiwan in the face of all challenges; and that it would continue to uphold Taiwan’s right to participate in all international organizations, including the United Nations. 
     
    Deputy Prime Minister Dladla emphasized that Taiwan and Eswatini enjoyed deep and extensive cooperation, having built a partnership as strong as family ties. As an example, she cited Taiwan’s prompt evacuation assistance to Eswatini expatriates in Ukraine when the Russia-Ukraine war erupted as testament to the genuine friendship between Taiwan and Eswatini.
     
    The luncheon was also attended by Deputy Minister of Health and Welfare Lue Jen-der, Deputy Minister of Foreign Affairs François Chihchung Wu, Superintendent of Taipei Medical University Hospital Shih Chun-ming, and Board Chairperson of the Garden of Hope Foundation Pan Ay-woan. Participants exchanged views on healthcare, education, and energy collaboration between Taiwan and Eswatini; the creation of social safety nets; protection of vulnerable groups; and other issues.
     
    Eswatini established diplomatic relations with Taiwan immediately after it gained independence in 1968. MOFA will maintain close cooperation with the government of Eswatini to steadily promote the Diplomatic Allies Prosperity Project, foster a reciprocal and mutually beneficial partnership, enhance the well-being of the peoples of Taiwan and Eswatini, and further consolidate bilateral ties. (E) 

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: President Lai meets British-Taiwanese All-Party Parliamentary Group delegation

    Source: Republic of China Taiwan

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

    Details
    2025-02-17
    President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini
    On the afternoon of February 11, President Lai Ching-te met with a delegation led by Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini. In remarks, President Lai thanked Eswatini for continuing to support Taiwan’s international participation at international venues. The president stated that Taiwan and Eswatini work closely in such areas as agriculture, the economy and trade, education, and healthcare, and expressed hope that the two countries will continue to support each other on the international stage and strive together for the well-being of both peoples.  A translation of President Lai’s remarks follows: I warmly welcome our distinguished guests to the Presidential Office. Deputy Prime Minister Dladla previously visited Taiwan while serving as minister of foreign affairs. This is her first time leading a delegation here as deputy prime minister. I want to extend my sincerest welcome. Deputy Prime Minister Dladla has earned a high degree of recognition and trust from His Majesty King Mswati III. She was not only Eswatini’s first woman foreign minister, but is also the second woman to have held her current key position. She shows an active interest in people’s welfare, and has a reputation for being deeply devoted to her compatriots. I have great admiration for this. I am truly delighted to meet with Deputy Prime Minister Dladla today. I would like to take this opportunity to once again express my gratitude to His Majesty the King for leading a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao last year. This demonstrated the close diplomatic ties between our countries. I also want to thank Eswatini for continuing to support Taiwan’s international participation at international venues. I would ask that when Deputy Prime Minister Dladla returns to Eswatini, she conveys Taiwan’s greetings and gratitude to His Majesty the King and Her Majesty the Queen Mother Ntombi Tfwala. Diplomatic ties between Taiwan and Eswatini have endured for over half a century. Our two nations have continued to work closely in such areas as agriculture, the economy and trade, education, and healthcare. Our largest collaboration to date has been assisting Eswatini in the construction of a strategic oil reserve facility. We will continue to push forward with this project, and look forward to achieving even greater results in all areas. I understand that Deputy Prime Minister Dladla is very concerned about issues regarding gender equality and women’s empowerment. During her term as foreign minister, she facilitated bilateral cooperation in those areas. Now, as deputy prime minister, she is actively attending to the disadvantaged and advancing social welfare. These policies are very much in line with the priorities of my administration. I look forward to strengthening cooperation with Deputy Prime Minister Dladla for the benefit of both our societies. Taiwan and Eswatini are peace-loving nations. Faced with a constantly changing international landscape and the growing threat posed by authoritarianism, we hope that our two countries will continue to support each other on the international stage and strive together for the well-being of both our peoples. In closing, I wish Deputy Prime Minister Dladla and our distinguished guests a pleasant and successful visit. Deputy Prime Minister Dladla then delivered remarks, first greeting President Lai on behalf of the King, the Queen Mother, and the people of Eswatini, and extending gratitude for the warm reception afforded to her and her delegation, which underscores the strong bonds of friendship between our two nations. The deputy prime minister stated that, in reflecting on the fruits of our partnership, the evidence of Taiwan’s commitment to Eswatini is all around us. The strategic oil reserve project launching in April, she indicated, will redefine Eswatini’s energy security, and the Central Bank complex and electrification project stand as monuments of Taiwan’s vision for Eswatini’s progress and indicate that our partnerships are very strong. Deputy Prime Minister Dladla pointed out that education is the foundation of any nation’s progress, and that Taiwan’s contribution to Eswatini’s education sector cannot be overstated. Through Ministry of Foreign Affairs scholarship programs, she said, Eswatini has sent numerous students to Taiwan, where they’ve received world-class education in various disciplines, including engineering, business, and medicine. In turn, she said, these graduates are now contributing to the development of Eswatini. The deputy prime minister stated that Taiwan has also strengthened Eswatini’s industrial and technological sectors, with collaborations and partnerships that create new opportunities for employment and innovation, and that Taiwan’s technical and medical assistance has strengthened Eswatini’s healthcare systems and uplifted the expertise of its professionals. Deputy Prime Minister Dladla also congratulated President Lai once again on his presidency, which she stated will lead Taiwan to new heights, adding that His Majesty coming to Taiwan personally for the inauguration was a resounding declaration of Eswatini’s enduring support for Taiwan’s sovereignty, stability, and rightful place on the world stage. She emphasized that Eswatini stands with Taiwan always and unwaveringly. In conclusion, the deputy prime minister stated that Eswatini fully agrees with Taiwan that we must all safeguard our national sovereignty and protect the lives and property of our people. She said that our common enemy will always be poverty and natural disasters, but against all odds, we will stand united, and we shall remain united and be one. The delegation was accompanied to the Presidential Office by Eswatini Ambassador Promise Sithembiso Msibi.

    Details
    2025-02-17
    Presidential Office thanks US and Japan for joint leaders’ statement
    On February 7 (US EST), President Donald Trump of the United States and Prime Minister Ishiba Shigeru of Japan issued a joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community.” In the statement, the two leaders also “encouraged the peaceful resolution of cross-strait issues, and opposed any attempts to unilaterally change the status quo by force or coercion” and “expressed support for Taiwan’s meaningful participation in international organizations.” Presidential Office Spokesperson Karen Kuo (郭雅慧) on February 8 expressed sincere gratitude on behalf of the Presidential Office to the leaders of both countries for taking concrete action to demonstrate their firm support for peace and stability across the Taiwan Strait and for Taiwan’s international participation. Spokesperson Kuo pointed out that there is already a strong international consensus on the importance of peace and stability in the Indo-Pacific region. The spokesperson emphasized that Taiwan, as a responsible member of the international community, is capable and willing to work together with the international community and will continue strengthening its self-defense capabilities as it deepens its trilateral security partnership with the US and Japan and works alongside like-minded countries to uphold the rules-based international order. The spokesperson said that Taiwan will work toward ensuring a free and open Taiwan Strait and Indo-Pacific region, as well as global peace, stability, and prosperity, as it continues to act as a force for good in the world.

    Details
    2025-02-17
    President Lai’s response to Pope Francis’s 2025 World Day of Peace message  
    President Lai Ching-te recently sent a letter to Pope Francis of the Catholic Church in response to his message marking the 58th World Day of Peace. The following is the full text of the president’s letter to the pope: Your Holiness, In your message for the 2025 World Day of Peace entitled Forgive us our trespasses: grant us your peace, you called for a cultural change that would bring an end to the governance of interpersonal and international relations by a logic of exploitation and oppression and herald true and lasting peace. I wholeheartedly admire and identify with your point of view. Since transitioning from a medical career to politics, I have remained true to my original intentions in the sense that, while a doctor can help only one person at a time, a public servant can simultaneously assist many people in resolving the difficulties affecting their lives. In my inaugural address in May 2024, I pledged that every day of my term, I would strive to act justly, show mercy, and be humble, which accord with the teachings of the Bible. I promised to treat the Taiwanese people as family and prove myself worthy of their trust and expectations. With an unwavering heart, I have accepted the people’s trust and taken on the solemn responsibility of leading the nation forward and building a democratic, peaceful, and prosperous new Taiwan. In this new year, the changing international landscape continues to present many grave challenges to democratic nations around the world. As the Russia-Ukraine war persists, the steady convergence of authoritarian regimes, including China, Russia, North Korea, and Iran, threatens the rules-based international order and severely impacts peace and stability in the Indo-Pacific and the world at large. Your Holiness has stated that war is a defeat for everyone. I, too, firmly believe that peace is priceless and that war has no winners. A high level of consensus has formed in the international community on upholding peace and stability across the Taiwan Strait. The Taiwanese people also maintain an unyielding commitment to safeguarding a way of life that encompasses freedom, equality, democracy, and human rights. Taiwan will continue to spare no effort in preserving regional peace and stability and serving as a pilot for global peace. In your World Day of Peace message, you urged prosperous countries to assist poorer ones. This compassion is truly touching. Taiwan is proactively implementing values-based diplomacy and, under the Diplomatic Allies Prosperity Project, enhancing allies’ development through a range of initiatives. Over many years, Taiwan has accumulated abundant and unique experience of providing foreign assistance. Seeking to foster self-reliance among disadvantaged countries, we have extended genuine support to help alleviate poverty through such avenues as strengthening basic infrastructure, transferring technology, and cultivating talent. In your message, you reminded countries worldwide that assistance should not be merely an isolated act of charity and pointed to the need to devise a new global financial framework so that food crises, climate change, and other challenges could be jointly addressed. I hold this view in high regard. I therefore earnestly hope that international organizations will stop excluding Taiwan for political reasons. Taiwan is willing to shoulder its international responsibilities so that it can contribute and share its valuable experience through many global platforms.  On behalf of the government and people of the Republic of China (Taiwan), I again express our interest in collaborating with the Holy See to advance world peace through concrete action. We also aspire to demonstrate Taiwanese values and the Taiwanese spirit and work together with the Holy See to uphold the core values of justice, democracy, freedom, and peace.  Please accept, Your Holiness, the renewed assurances of my highest consideration, as well as my best wishes for your good health and the continued growth of the Catholic Church.

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

    Details
    2025-02-14
    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 Asia-Pac: MOEA Makes an Affirmative Injury Determination in the Second Sunset Review Concerning Cold-Rolled Stainless Steel from China and Korea

    Source: Republic Of China Taiwan 2

    On February 18, 2025, the Trade Remedy Commission of the Ministry of Economic Affairs (MOEA) made a determination that revocation of antidumping duty order on certain cold-rolled stainless-steel products from China and Korea would be likely to lead to continuation or recurrence of injury to the domestic industry.

    The subject products in this case are SUS 300 series flat-rolled products of stainless steel, cold-rolled (cold-reduced), whether in coils or sheets. They primarily encompass grades such as SUS301, 304, 304L, 316, 316L, and 321, along with other corresponding specifications. Since August 15, 2013, the Ministry of Finance (MOF) has imposed antidumping duties on these products from China and Korea. This was the second sunset review following the first conducted earlier.

    The conditions for continuing to impose antidumping duties in Sunset Review investigations were determined by the MOF and MOEA since the revocation of the antidumping duties would be likely to the continuation or recurrence of dumping and injury. The MOEA shall notify the MOF of the aforementioned determination of injury by the Trade Remedy Commission, and the MOF shall then decide whether to maintain the antidumping duty order.

    After March 18, 2025, a public version of the injury investigation report, in Chinese, will be available on the International Trade Administration’s website (https://www.trade.gov.tw/).

    MIL OSI Asia Pacific News

  • MIL-OSI: NFG Acquires Controlling Stake in Cayman-Based Kessner Capital Management Ltd., Expanding African Investment Portfolio

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — NFG SA (“NFG”), a Swiss private investment firm, today announced that it has signed an agreement to acquire a 76% controlling stake in Kessner Capital Management Ltd. (“Kessner”), a Cayman-based alternative investment management company specializing in debt solutions for African markets. Completion of the transaction is subject to customary regulatory approvals. This acquisition is accompanied by an investment of up to $50 million, aimed at expanding Kessner’s tailored debt solution across the continent.

    Economic projections for Africa show a GDP increase from 3.4% in 2024 to 4.0% by 2026, spurred by growth in key economies including Egypt, Nigeria, and South Africa. The African Continental Free Trade Area (AfCFTA) is enhancing trade and investment across the continent, presenting new opportunities for Kessner to expand its market presence.

    NFG, with offices in Geneva, London, and Los Angeles, is a global investment firm specializing in insurance and reinsurance, financial services, asset management, energy, and real estate. The firm operates extensively across Europe, the USA, the Caribbean, Africa, and the Asia Pacific region.

    This acquisition reflects a strategic enhancement of NFG’s global investment portfolio and a commitment to contributing positively to Africa’s economic development.

    Keith D. Beekmeyer, Chairman and CEO of NFG, commented “NFG and its affiliated companies have deep experience operating in emerging markets and specifically, the African markets. By combining and leveraging the strengths of both Kessner and NFG, I am confident we can position Kessner as a leading provider of alternative debt solutions for companies across Africa.”

    Bruno-Maurice Monny, Managing Partner of Kessner, remarked “With NFG’s resources and global reach, coupled with their anchor capital towards our new fund strategy, we are positioned to be the premier capital partner for African businesses. This partnership will enhance our ability to support and scale the region’s most promising companies.”

    NFG recently announced its strategic investment from Beverly Hills, California based private equity firm, NMS Capital Group, which values NFG at approximately $2.5 billion.

    About NFG SA
    NFG SA is a global private investment firm specializing in private equity and structured finance investments in companies across the insurance, financial services, energy, infrastructure, and real estate sectors. NFG focuses on transformative business combinations within North America, Europe, Africa, and the Middle East, establishing a strategic international presence. NFG was originally founded by Keith Beekmeyer and Andy Bye in 2017, emerging from the insurance industry to address the financing needs of underbanked companies. The firm quickly expanded its capabilities through key acquisitions, including a dedicated reinsurance company, asset manager and a Lloyd’s insurance brokerage, enhancing its position within the sector. For more information, please visit www.nfgsa.com.

    About Kessner Capital Management Ltd.

    Kessner Capital Management Ltd. is an alternative investment management company focused on providing innovative investment solutions aimed at providing exposure to African markets. The firm is led by a management team with over 150 years of combined management experience. For more information, please visit www.kessner.co.uk.

    NFG Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network

  • MIL-OSI: Nykredit announces extension of the offer period

    Source: GlobeNewswire (MIL-OSI)

    Nykredit announces extension of the offer period to 20 March 2025

    NOT FOR DIRECT OR INDIRECT RELEASE, PUBLICATION OR DISTRIBUTION IN OR TO ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBU-TION WOULD BE CONTRARY TO APPLICABLE LEGISLATION OR RULES OF SUCH JURISDICTION

    With reference to Spar Nord Bank A/S’ (Spar Nord) company announcement no. 1/2025 regarding the publication of the offer document (the Offer document) concerning the all-cash voluntary takeover offer from Nykredit Realkredit A/S (Nykredit) for all shares (other than treasury shares held by Spar Nord) in Spar Nord (the Offer), Nykredit has today published a to the Offer document (the Supplement) to extend the offer period. Nykredit has stated that an extension is required to obtain the regulatory approval from the Danish Competition and Consumer Authority which constitutes the regulatory condition pertaining to the Offer and which is required in order for the Offer to be completed. Nykredit’s announcement is attached.

    In accordance with the terms and conditions of the Offer, the offer period began on 8 January 2025 with expiration on 19 February 2025 at 23:59 (CET). With reference to the Supplement to the Offer document, the offer period has now been extended and expires on 20 March 2025 at 23:59 (CET). Any reference to “the offer period” in the Offer document or in any other document and/or announcement relating to the Offer shall mean this period.

    Acceptances already received remain binding, and the extension does not entail a need for further action from Spar Nord shareholders who have already accepted the Offer. The extension does not affect any other terms or conditions of the Offer or the unanimous recommendation by the board of directors of Spar Nord to the shareholders of Spar Nord to accept the Offer for the reasons described in the board statement (cf. company announcement no. 1/2025).

    Questions may be directed to Neel Rosenberg (media) on +45 25 27 04 33 or to CFO Rune Brandt Børglum (investors)on +45 96 34 42 36.

    Yours faithfully

    Spar Nord Bank A/S
    The board of directors

    Attachments

    The MIL Network

  • MIL-OSI: IDEX Biometrics ASA – Update on Arbitration Award

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the announcement by IDEX Biometrics ASA (“IDEX”) on 28 January 2025 regarding the arbitration decision on 27 January 2025 on the dispute between IDEX and Zwipe AS (“Zwipe”), whereby the arbitrator held in favor of IDEX on all counts. The due date for payments by Zwipe was 14 days from the date of the arbitration decision.

    Following such due date, because of Zwipe’s financial situation, as communicated by Zwipe on Euronext Oslo Børs, IDEX has engaged in discussions with Zwipe about a payment plan for the arbitration award. However, such discussions effectively ended when Zwipe on 17 February 2025 announced that it will file for bankruptcy with the Oslo District Court.

    While Zwipe has paid the arbitration costs, Zwipe has made no payment to IDEX in compliance with the arbitration award.

    This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5 -12 of the Norwegian Securities Trading Act. This stock exchange release was published by Marianne Bøe, Head of Investor Relations, on 18 February 2025 at 08:50 CET.

    For further information contact:
    Marianne Bøe, Head of Investor Relations, +47 91800186
    Kristian Flaten, CFO, +47 95092322
    E-mail:ir@idexbiometrics.com

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com

    Trademark Statement
    IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.

    The MIL Network

  • MIL-OSI Russia: Limits instead of blocking – banks will receive new tools for working with clients from the fraudsters’ database

    Translartion. Region: Russians Fedetion –

    Sours: Mainfin Bank –

    Why is the Central Bank of the Russian Federation easing restrictions on suspicious individuals?

    Federal Law No. 161 regulates the procedure for blocking accounts of clients whose data is contained in a unified database of information on cases of transactions carried out without consent. Also bank has the right to suspend service if information about fraud came from law enforcement agencies. However, tough measures affected not only real criminals – the accounts of legitimate citizens whose data were stolen and used to issue, for example, virtual kart.

    The easing of restrictions is aimed specifically at protecting honest clients who themselves suffered at the hands of fraudsters. Such persons will be able to use bank cards during the inspections, including transfers, but with a maximum amount limit. The sanctions will be completely lifted only after the information is removed from the Central Bank database.

    How will banks respond to suspicious transactions?

    The amendments currently being considered by the State Duma introduce a gradation of measures against suspicious citizens. It is assumed that after the bill is adopted:

    a complete blocking of banking services will be carried out only for clients included in the Central Bank of the Russian Federation database in the presence of an open criminal case; partial restrictions (transfer limit of 100 thousand rubles per month) will be allowed to be set by banks for persons included in the fraudsters database, but who were not subsequently involved in dubious schemes; clients from the “green zone” who were not included in the database or subject to measures of influence by the law enforcement system will be able to be served without restrictions.

    “Partial restrictions will be used when the amount of information received is insufficient, for example, when there are doubts that the client was involved in fraudulent schemes,” the lawyer notes.

    Experts are confident that the relaxations will not affect obvious drops – intermediaries in the activities of fraudsters will continue to be effectively blocked. The choice of restrictive measures will fall on the bank – credit institutions will be able to independently introduce bans and blocking depending on the nature of suspicions.

    09:55 02/18/2025

    Source:

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //Mainfin.ru/novosti/ Limits-Vesta-Blokovka-Banki-Recychata-New-Instruments-Forms-S-Clients-BAZ-OILENS

    MIL OSI Russia News