NewzIntel.com

Category: Business

  • MIL-Evening Report: View from The Hill: Labor faces risk of Victorians using federal poll as referendum on both Allan and Albanese governments

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    The weekend byelection in the outer suburban seat of Werribee saw the widely-anticipated slap-in-the-face to Victorian Labor, which is absolutely on the nose. The question is: to what degree were electors venting against federal Labor too?

    With an abundance of caution, the Albanese government would do best to assume it was being given a substantial kick.

    Even if the largest slice of the about 10% two-party swing was prompted by state factors, including the sheer arrogance of the byelection  (a state treasurer departing mid-term), we know federal Labor is doing badly in Victoria.

    There is certainly enough of a message in the result in Werribee (which on present numbers Labor is expected to just retain) to flag a potential serious erosion of federal seats come the national election.

    One challenge for federal Labor is to turn Victorian voters’ attention away from state matters, to focus squarely on the choice between Anthony Albanese and Peter Dutton.

    Labor needs to minimise the extent to which Victorians use the federal election to take out their anger towards the Allan government. So far, only the Werribee voters have had the chance to get some of that frustration out of their systems. The federal opposition will seek to milk feelings about the Allan government.

    Regardless of that, we know Dutton has become more acceptable in Victoria than he was a couple of years ago.

    As things stand, Labor is set to lose federal seats in this state where the Liberals have struggled, and the state Liberal organisation has been a shambles. It is a matter of how many.

    While the Liberals will be delighted with the Werribee result, the hardheads will note that although the Labor primary vote fell nearly 17% the Liberal vote only rose 3.7%. Partly this might reflect the fact that in Labor heartland, the disillusioned voters wanted to protest but not jump the aisle to the Liberals. Nevertheless, there is the message, applicable federally, that the Liberals need to be attracting more primary votes, not just relying on Labor losing them to independents and small parties.

    Once again, we see reflected in this byelection the relative collapse of the two party system. Labor polled 28.7% of the primary vote; the Liberals 29%. fewer than six in ten voters supported one of the major parties.

    Depending on your viewpoint, you can see the decline of the two party system as a portend of future instability in our politics, or the continued indication of a fresh new direction. Federally, the present money is on minority government.

    In Saturday’s other Victorian byelection, the Liberals wrested the inner city seat of Prahran from the Greens. There was no Labor candidate.

    The Greens, on 36.2% of the vote, attempt to take comfort that  the swing against them on primary votes was only 0.6%. But a loss is a loss, whatever the margin, and this setback, on top of those in the recent ACT and Queensland elections, must put fears into the party about the fate of the three Queensland federal seats it won in 2022.

    With some Labor supporters deeply pessimistic and some Liberals wildly optimistic, both sides are trying to manage expectations  about where the election battle stands nationally.

    Labor finds some heart from comparing Newspoll’s now and at comparable points before changes of government.

    The Dutton opposition in the first Newspoll of 2025 was on 51% of the two-party vote.

    By contrast, in the first Newspoll of 1996, the Howard opposition had a two-party vote of 54%.

    Newspoll in August 2007 (about 100 days before  the election)  saw the Rudd opposition on 56%. In  May 2013, with about 100 days to voting, the Abbott opposition was polling 55% in two-party terms. The first Newspoll of 2022 had the Albanese opposition on 56%.

    Governor Michele Bullock will deliver the next big marker on the political calendar when the Reserve Bank announces next week whether it will cut interest rates.

    If it does, there will be a frenzy of speculation about the election being held in April, which would mean scrapping the scheduled March 25 budget.

    Quite how Albanese would explain this, when he and his ministers say every other day how much work is being done on that budget, is unclear. Those in Labor who are in the camp of a May election say the government needs time for an interest rate cut to flow through.

    Only one man determines the timing, and he’s on record recently saying the date remained “fluid”.

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

    – ref. View from The Hill: Labor faces risk of Victorians using federal poll as referendum on both Allan and Albanese governments – https://theconversation.com/view-from-the-hill-labor-faces-risk-of-victorians-using-federal-poll-as-referendum-on-both-allan-and-albanese-governments-249457

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: BusinessNZ – New Zealand more attractive to foreign investment

    Source: BusinessNZ

    Changes to investor visa settings will make New Zealand more attractive as an investment destination, says BusinessNZ Chief Executive Katherine Rich.
    We welcome the next move in the government’s foreign investment strategy to attract high net wealth individuals and their families. Investors bring international business networks, unique skills and expertise as well as capital to our country, says Mrs Rich.
    A broader range of investment opportunities and internationally comparable settings will open the doors for investors that want to call New Zealand home. There is an opportunity for New Zealand businesses to leverage these networks for investment and international trade. We welcome these visa changes and look forward to continued efforts by the government to attract foreign investment and expertise.
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News –

  • MIL-OSI China: China strengthens hotel check-in procedures for minors to enhance safety

    Source: China State Council Information Office 2

    China’s public security authorities have made significant strides in enforcing check-in requirements for hotel operators accommodating minors to ensure their safety, the Ministry of Public Security said on Saturday.
    Hotel operators are required to verify the identity of minors, inquire about guardian information, and record details of accompanying persons when accommodating minors to prevent crimes such as child trafficking.
    In 2024, hotels nationwide reported over 42 million minor check-ins, and public security authorities conducted 522,000 checks on suspicious activities, according to the ministry.
    The ministry released several typical cases regarding information checks of minors at hotel receptions. In one case from September 2024 in northeast China’s Heilongjiang Province, three adults attempted to check in with an infant but failed to provide valid identification for the child. The hotel staff immediately reported the situation to the police. Subsequent investigations revealed that the baby had been abducted, ultimately leading to the resolution of a child trafficking case.
    In another case from June 2024 at a hotel in Shanghai, two underage boys refused to provide their guardians’ contact information. The hotel staff promptly notified the police, who later discovered that the boys had run away from home after arguments with their parents. Authorities then ensured their safe return. 

    MIL OSI China News –

  • MIL-OSI China: Israel frees 183 Palestinian prisoners under Gaza ceasefire deal

    Source: China State Council Information Office

    Israel released 183 Palestinian prisoners on Saturday in the fifth prisoner-for-hostage swap under the ongoing ceasefire agreement with Hamas.

    People welcome a released Palestinian prisoner in the West Bank city of Ramallah, Feb. 8, 2025. (Photo by Ayman Nobani/Xinhua)

    Abdullah al-Zaghari, head of the Palestinian Prisoners Club, said the released prisoners, transported by buses of the International Committee of the Red Cross, had arrived in Ramallah. TV footage showed the released Palestinians being greeted by a large crowd at a square in the city.

    Of the freed prisoners, 42 were from the West Bank, three from Jerusalem, and 27 from the Gaza Strip, all serving life sentences or lengthy terms. Additionally, 111 prisoners were arrested in the Gaza Strip after Hamas’ surprise attack on southern Israel on Oct. 7, 2023, the Commission of Detainees’ Affairs said in a press statement.

    Seven of the freed prisoners would be deported outside the Palestinian territories, according to the statement.

    Palestinian security sources and eyewitnesses said that Israeli vehicles stormed Beitunia, a Palestinian city west of Ramallah, immediately after the bus carrying Palestinian prisoners left Ofer Prison, to prevent any celebratory demonstrations by their families.

    Israeli forces also raided the homes of some prisoners in the West Bank and warned their families against organizing celebrations to mark their release, according to the sources.

    Earlier on Saturday, Hamas released three Israeli hostages it had been holding in the Gaza Strip. The Israel Defense Forces said in a statement that the Israeli hostages had crossed the border into Israel.

    This release marks the fifth hostage-prisoner swap under the first phase of a ceasefire agreement between Hamas and Israel, brokered by Egypt and Qatar with support from the United States.

    According to a report by the Times of Israel last month, Israel demanded that Palestinians convicted of the most serious crimes not be released to the Gaza Strip or the West Bank. 

    MIL OSI China News –

  • MIL-OSI Security: Mississippi Man Sentenced for Bank Fraud Conspiracy and Violating Supervised Release

    Source: Office of United States Attorneys

    NEW ORLEANS – U.S. Attorney Duane A. Evans announced that JOHN SPOSATO (“SPOSATO”), age 73, a resident of Kiln, Mississippi, was sentenced February 6, 2025 by United States District Judge Eldon E. Fallon to 10 months in prison and three years of supervised release, after previously pleading guilty to conspiracy to commit bank fraud, in violation of Title 18, United States Code, Sections 371 and 1344.  Separately, United States District Judge Susie Morgan sentenced SPOSATO to 6 months in prison, to be served consecutively to the sentence imposed by Judge Fallon, for violating the terms of his supervised release from a prior conviction in United States v. Sposato, 15-134 (E.D. La.).

    According to court documents, SPOSATO began serving a three-year period of supervised release after his release from prison because of his previous conviction on about August 9, 2022, in United States v. John Sposato, 15-134 (E.D. La.).  While on supervised release, SPOSATO claimed to be President of several companies, including Pegasus Consulting and Development, LLC (“Pegasus Consulting”).  These companies neither performed work nor generated income. SPOSATO opened a financial account at Keesler Federal Credit Union in the name of Pegasus Consulting and on March 27, 2023, attempted to deposit a $10,000.00 check he received from a co-conspirator, knowing it to be counterfeit.  The check was purportedly drawn on the financial account of an all-volunteer, non-profit, tax-exempt organization that supported a Florida public library.  SPOSATO’s attempted deposit placed Keesler at risk of both civil liability and financial loss.  When asked about the check, SPOSATO falsely told a United States Probation Officer that the check was compensation for consulting work he performed, both directly and through an associate named “Jack Morgan,” for the non-profit entity. In fact, SPOSATO knew he was not entitled to the check and had never performed work for the non-profit.

    U.S. Attorney Evans praised the work of the United States Probation Office and Federal Bureau of Investigation in investigating this matter.  Assistant United States Attorney Jordan Ginsberg, Chief of the Public Integrity Unit, was in charge of the prosecution.

    MIL Security OSI –

  • MIL-OSI China: China allocates disaster relief funds to support landslide-hit Sichuan

    Source: People’s Republic of China – State Council News

    BEIJING, Feb. 8 — China has allocated 80 million yuan (about 11.16 million U.S. dollars) to support disaster relief and recovery efforts after a landslide in the southwestern Sichuan Province buried 10 houses and left over 30 people missing on Saturday.

    Some 50 million yuan, allocated by the National Development and Reform Commission from the central budget, will be used to restore infrastructure and public facilities in affected areas, according to authorities.

    Also on Saturday, the Ministry of Finance, in conjunction with the Ministry of Emergency Management, allocated 30 million yuan from central natural disaster relief funds to support Sichuan in its rapid organization of rescue efforts.

    The funds will be spent on search and rescue work, risk assessment and emergency response measures, and investigating potential secondary-disaster hazards to minimize casualties, according to the ministry.

    The landslide occurred at about 11:50 a.m. in Jinping Village, which is located in Junlian County in the city of Yibin. Two people were rescued in the afternoon, and approximately 200 people have been evacuated.

    The finance ministry has instructed Sichuan’s provincial finance authorities to disburse the funds to affected areas promptly, and to maximize their effectiveness.

    Taking the latest developments of the situation into consideration, the Ministry of Natural Resources has upgraded an emergency geological disaster control response from Level III to Level II, and dispatched a team led by Vice Minister of Natural Resources Xu Dachun to guide on-site relief efforts.

    MIL OSI China News –

  • MIL-OSI Australia: New data shows scam losses continue to fall under Labor

    Source: Australian Treasurer

    The Albanese Government is taking the fight to scammers and this has driven a 33 per cent drop in scam losses in 2024. This is a complete reversal of the trend under the Coalition which oversaw losses doubling year on year.

    The Government has made preventing scams a priority, with more than $168 million invested in prevention measures.

    Scamwatch data also shows a 35 per cent decrease in losses to investment scams and a more than 30 per cent decrease in losses to romance scams. These types of scams have been a focus for the National Anti‑Scam Centre, which collaborates with industry to disrupt scam activity, showing the success of the Government’s approach.

    But it is not job done.

    The Government has landmark legislation before the Parliament to establish the Scams Prevention Framework that will put Australia at the head of the pack when it comes to scams prevention and supporting consumers.

    This legislation is the crucial next step in the Government’s fight against scams. It puts banks, telcos, and social media companies on the hook to stop these criminals stealing Australians’ hard‑earned money.

    These laws will ensure industry has a significant incentive to shut down scam activity before it reaches Australians, preventing consumers from experiencing the financial and emotional toll of the scourge of scams.

    The Parliament should support this legislation to stand with consumers against criminal scammers.

    Comments attributable to Assistant Treasurer and Minister for Financial Services, Stephen Jones:

    “Only Labor has a plan to protect Australians from criminal scammers.

    “Losses are going down and that’s a good sign, but Australians are still losing far too much.

    “We want to make Australia the toughest target for scammers and our laws will put Australia at the head of the pack.

    “The parliament should support these laws so that Australians have the best protections to keep their money safe.”

    MIL OSI News –

  • MIL-OSI Video: International Criminal Court, DRC & other topics – Daily Press Briefing (7 February 2025)

    Source: United Nations (Video News)

    Noon briefing by Farhan Haq, Deputy Spokesperson for the Secretary-General.

    Highlights:
    Secretary-General’s Travel
    International Criminal Court
    Human Rights
    Democratic Republic of the Congo
    Syria
    Haiti
    Food Price Index
    Financial Contributions

    SECRETARY-GENERAL’S TRAVEL
    The Secretary-General will be in Paris, France, on Monday to attend the Artificial Intelligence Action Summit. He will speak at one of the sessions on Tuesday, and he will tell leaders gathered there that the growing concentration of AI capabilities in the hands of a few companies and countries risks widening global inequalities and deepening geopolitical divides. He will underscore that we must prevent a world of AI “haves” and “have-nots” and will call on AI leaders to pool expertise and cooperate with each other. He will emphasize that it is in the interests of government and technology leaders to commit to global guardrails.
    While in Paris, he is also expected to meet with President Emmanuel Macron and other world leaders.
    The Secretary-General will leave France on Wednesday.

    INTERNATIONAL CRIMINAL COURT
    In response to questions about our response to the US Government’s executive order regarding the International Criminal Court, the Deputy Spokesperson said the following:
    International criminal law is an essential element to fighting impunity, which is unfortunately widespread in today’s world. The International Criminal Court is its essential element, and it must be allowed to work in full independence.

    HUMAN RIGHTS
    This morning in Geneva, the Human Rights Council held a special session on the situation in eastern Democratic Republic of the Congo.
    The High Commissioner for Human Rights, Volker Türk, said that if nothing is done to end the offensive of the M23, supported by the Rwanda Defense Forces, the worst may be yet to come, for the people of eastern DRC, but also beyond the country’s borders.
    He said that he is horrified by the spread of sexual violence, adding that his team in the DRC is currently verifying multiple allegations of rape, gang rape and sexual slavery, throughout the conflict zones.
    Mr. Türk also said that hundreds of human rights defenders, journalists and members of civil society have reported to his Office that they have been threatened or are being pursued by the M23 and Rwandan forces. Our human rights colleagues have also facilitated the protection of judicial authorities who were in danger.

    And to note that this morning, the Human Rights Council adopted by consensus a resolution establishing a Fact-finding mission by the UN Human Rights Office and an Independent Commission of Inquiry (COI) on the DRC. Both will examine violations of international humanitarian law and human rights law committed in North and South Kivu Provinces of the DRC since January 2022.

    Bintou Keita, the Head of our peacekeeping mission in the DRC – MONUSCO- also spoke in Geneva this morning.
    She said that hundreds of thousands of displaced people are being forced by M23 to return to their places of origin, without any guarantee or humanitarian assistance on their safe and dignified return.
    She also expressed her concerns about the use of misinformation and dis-information, adding that the suspension of social networks such as X and TikTok by the Congolese authorities is a serious infringement of the right to information and must be swiftly lifted. In a region with a sensitive history, Ms. Keita added, ethnically motivated attacks remain a serious concern.

    Full highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=07%20February%202025

    https://www.youtube.com/watch?v=tMA7ROKA4Jg

    MIL OSI Video –

  • MIL-OSI USA: One Month Later: Federal Support for Wildfire Survivors Nears $700 Million

    Source: US Federal Emergency Management Agency

    Headline: One Month Later: Federal Support for Wildfire Survivors Nears $700 Million

    One Month Later: Federal Support for Wildfire Survivors Nears $700 Million

    LOS ANGELES – On January 7, when wildfires first struck Los Angeles County and adjacent areas, more than 200,000 Californians were evacuated. State and local governments responded quicky to fight the blazes, employing more than 2,000 pieces of firefighting equipment – 80-plus aircraft, 200-plus bulldozers and more – which were soon bolstered by the governor’s activation of 2,500 National Guard troops and a request for a federal disaster declaration. Delivery of Federal ResourcesOn January 8, the Los Angeles County wildfires were declared a major disaster by the president, and a surge of additional federal resources commenced. FEMA and its federal partners responded with thousands of personnel and millions of dollars focused on saving lives and containing the fires. By Feb. 2, the fires were 100 percent contained. Weeks before, FEMA and the U.S. Small Business Administration (SBA) had already begun assisting Californians in their recovery – for now and for the long term. As of Feb. 7, federal assistance to eligible homeowners, renters and businesses, in the form of FEMA grants and low-interest SBA Disaster Loans, has reached $683,276,321.That number includes:$64,069,621 in FEMA housing and other assistance$619,206,700 in home and business loan offers from the SBA, the largest source of federal disaster recovery funds for homeowners, renters, businesses and certain nonprofits.So far, 27,211 households have been approved for FEMA funds including:$9,990,895 in housing assistance for short-term rental assistance and home-repair costs$54,078,726 for other essential disaster-related needs, such as expenses related to medical, dental and lost personal possessions.40,574 home inspections have been completed to assess property damage. Two Disaster Recovery Centers remain open at UCLA Research Park and Altadena Recovery Center. In total, the centers have logged 12,641 survivor visits. At the centers, residents may speak in person to representatives from federal and state programs, the American Red Cross and various nongovernmental nonprofits and community groups.In partnership with the State of California, Los Angeles County, and local officials, FEMA will continue helping California’s individuals and families get back on their feet and jumpstart their recovery.The deadlines to apply with FEMA and SBA are both March 10, 2025.To apply for FEMA assistance, visit disasterassistance.gov, use the FEMA mobile app, or by call 800-621-3362. You may also visit a DRC for in-person assistance.  To locate a DRC, please click here.FEMA’s services and programs are accessible to people with disabilities and others with access and functional needs.To apply for a disaster loan from SBA, visit SBA’s disaster website: sba.gov/disaster, contact SBA by email at disastercustomerservice@sba.gov or call 800-659-2955 for information. You may also visit a Disaster Loan Outreach Center or Business Recovery Center for in-person assistance. For hours and locations, visit appointment.sba.gov.
    barbara.murien…
    Fri, 02/07/2025 – 21:57

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces appointments 2.7.25

    Source: US State of California 2

    Feb 7, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Khalil “KC” Mohseni, of Sacramento, has been appointed Commissioner of the California Department of Financial Protection and Innovation, where he has been the Chief Deputy Director since 2023. Mohseni was the Chief Operating Officer at the State Controller’s Office from 2022 to 2023. He was the Deputy Director of Administration at the California Department of Housing and Community Development from 2020 to 2022. Mohseni was a Project Director of Business at the Business, Consumer Services, and Housing Agency from 2018 to 2019. He was the Chief Fiscal officer at the Board of State and Community Corrections from 2015 to 2018. Mohseni earned a Juris Doctor degree from the University of California, Davis School of Law, and a Bachelor of Arts degree in Political Science from the University of California, Irvine. This position requires Senate confirmation, and the compensation is $224,868. Mohseni is registered without party preference. 

    Kelly Madsen, of Elk Grove, has been appointed Director of Enterprise Risk Management and Compliance at the California Housing Finance Agency, where she has been the Deputy Director of Innovation and Special Initiatives since 2024. Madsen was a Business Manager at the Waverley Street Foundation in 2023. She was the Director of Scheduling at the Office of Governor Gavin Newsom from 2021 to 2022. Madsen was a Digital Advertising Consultant and Operations Manager at Psyberware from 2017 to 2021. She was a Product Data Analyst at Viator from 2015 to 2018. Madsen held two positions at the California Department of Education, Office of State Superintendent of Public Instruction Tom Torlakson from 2011 to 2014, including Strategic Initiatives Coordinator and Policy Advisor from 2012 to 2014 and Director of Scheduling from 2011 to 2012. She was the Director of Scheduling at the Office of Governor Arnold Schwarzenegger from 2008 to 2010. Madsen earned a Bachelor of Arts degree in Political Science from the University of California, Davis. This position does not require Senate confirmation, and the compensation is $152,988. Madsen is a Democrat.

    Adam P. Romero, of Los Angeles, has been appointed Chief Deputy Director at the Department of Industrial Relations. Romero has been Deputy Director of Executive Programs at the California Civil Rights Department since 2020. He was an Adjunct Professor at University of California, Los Angeles School of Law from 2017 to 2020. Romero held several roles at The Williams Institute at University of California, Los Angeles School of Law from 2014 to 2020, including Director of Legal Scholarship and Federal Policy, Arnold D. Kassoy Scholar of Law, and Senior Counsel. He was Senior Associate at Wilmer Cutler Pickering Hale and Dorr from 2010 to 2014. Romero served as a Law Clerk for the Honorable Judge Shira A. Scheindlin at the U.S. District Court, Southern District of New York from 2009 to 2010 and for the Honorable Judge M. Margaret McKeown at the U.S. Court of Appeals, Ninth Circuit from 2008 to 2009. He is a member of the Chancery Club of Los Angeles. Romero earned a Juris Doctor degree from Yale Law School and a Bachelor of Arts degree in Government from Cornell University. This position does not require Senate confirmation, and the compensation is $190,008. Romero is a Democrat.

    Janus Norman, of Sacramento, has been appointed to the California Workforce Development Board. Norman has been President and Chief Executive Officer of the California Broadband and Video Association since 2022. He was Senior Vice President at the California Medical Association from 2013 to 2022. Norman was a Field Representative at the American Federation of State, County and Municipal Employees – AFL-CIO from 2010 to 2013. He was a Government Analyst at the Judicial Council of California from 2008 to 2010. Norman was a Senior Consultant for the California State Assembly from 2002 to 2008. He earned a Master of Business Administration degree from the University of Southern California and a Bachelor of Arts degree in Communication Studies from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $100 per diem. Norman is a Democrat.

    Hala Hijazi, of San Francisco, has been appointed to the California Workforce Development Board. Hijazi has been the Founder and Chief Operating Officer at Impact Strategies-SF since 2014. She was a Business Development Manager in the Infrastructure and Labor Division at the San Francisco Public Utilities Commission from 2007 to 2014. Hijazi was a Project Director for the San Francisco Department of Public Works from 2004 to 2007. She was Deputy Director of Marketing for the Mayor’s Office of Economic Development and Special Assistant to the Mayor at the Office of San Francisco Mayor Willie L. Brown, Jr. from 1997 to 2004. Hijazi is the Founder of Professionals VIP Network/Impact Council and San Francisco Bay Area AMEMSA Advisory Board and Muslim Impact Council, Chair of the Board of Directors at Reproductive Freedom for All California PrivacyPAC and Director of the San Francisco Chapter of the Truman National Security Project. She is a Member of the Board of Directors at the American Red Cross, Northern California Coastal Region and Interfaith Center at the Presidio, an Advisor to the Human Rights Studies Program at University of California, Davis and a Member of the Regional Advisory Council for DignityMoves, Democratic National Committee’s Finance Committee, San Francisco Police Department Police Chief’s Community Policing Advisory Forum, and the Leadership Circle at Foreign Policy for America. She earned a Bachelor of Arts degree in Sociology from University of California, Davis. This position does not require Senate confirmation, and the compensation is $100 per diem. Hijazi is a Democrat.

    Charles “Chuck” Poss III, of Huntington Beach, has been appointed to the California Apprenticeship Council. Poss has been the President at Earth Construction and Mining since 2004. He was the Chief Estimator and Senior Project Manager at C.W. Poss Inc. from 1980 to 2004. Poss earned a Bachelor of Science degree in Construction Engineering from Purdue University. This position does not require Senate confirmation, and the compensation is $100 per diem. Poss is a Republican.

    Alejandro “Alex” Beltran, of Antelope, has been appointed to the California Apprenticeship Council. Beltran has been the Director of Training at the Finishing Trades Institute of Northern California and Nevada since 2008. He was a Journey Worker at Sacramento Glazing from 1997 to 2008. Beltran is a member of the Glaziers Local Union 767, District Council 16 International Union of Partners and Allied Trades. This position does not require Senate confirmation, and the compensation is $100 per diem. Beltran is a Democrat.

    Adhitya “Adhi” Nagraj, of Oakland, has been reappointed to the California Housing Partnership Corporation, where he has served since 2016. Nagraj has been the Chief Development Officer at McCormack Baron Salazar since 2022. He was Senior Vice President at McCormack Baron Salazar from 2019 to 2022. Nagraj was the San Francisco Director at SPUR from 2018 to 2019. He was the Director of Real Estate Development at BRIDGE Housing Corporation from 2013 to 2018. Nagraj earned a Juris Doctor degree from Columbia Law School. This position requires Senate confirmation, and there is no compensation. Nagraj is a Democrat.

    Pamela Daniels, of El Granada, has been reappointed to the Board of Chiropractic Examiners, where she has served since 2021. Daniels has been a Chiropractor at Daniels Chiropractic Inc. since 2003, where she is also the Owner and Founder. Daniels earned a Doctor of Chiropractic degree from Palmer College of Chiropractic West and a Master of Science degree in Clinical Neuroscience from the Carrick Institute. She is a member of the California Chiropractic Association. This position does not require Senate confirmation, and the compensation is $100 per diem. Daniels is a Democrat.

    Sergio F. Azzolino, of San Francisco, has been appointed to the Board of Chiropractic Examiners, where he previously served from 2012 to 2021. Azzolino has been the Clinic Director of Azzolino Chiropractic Neurology & Integrative Wellness since 1995 and an Assistant Professor of Clinical Neurology at the Carrick Institute since 2009. He is President of the American Board of Chiropractic Neurology. Azzolino earned a Doctor of Chiropractic degree from Life Chiropractic College West.  This position does not require Senate confirmation, and the compensation is $100 per diem. Azzolino is registered without party preference.

    Press Releases, Recent News

    Recent news

    Feb 7, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced that he has signed the following bills: SBX1-1 by Senator Scott Wiener (D-San Francisco) – Budget Act of 2024.SBX1-2 by Senator Scott Wiener (D-San Francisco) – Budget Act of 2024. A signing message can be found…

    Feb 7, 2025

    News LOS ANGELES — Governor Gavin Newsom, LA28 Chairperson and President Casey Wasserman, Dodgers Chairman Mark Walter, and NBA legend Earvin “Magic” Johnson have teamed up through LA Rises to release a new PSA warning fire victims about predatory real estate…

    Feb 7, 2025

    News What you need to know: Governor Newsom has made the recovery for Los Angeles his top priority – directing a whole-of-government response to support communities and survivors.  LOS ANGELES – In the one month following the Los Angeles firestorms, Governor Gavin…

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: 15th edition of Biennial Aero-India International Seminar begins in Bengaluru

    Source: Government of India (2)

    Posted On: 08 FEB 2025 4:07PM by PIB Delhi

    The 15th edition of the Biennial Aero-India International Seminar commenced in Bengaluru, Karnataka on February 08, 2025. The two-day seminar has been organised by the Centre for Military Airworthiness & Certification (CEMILAC) of Defence Research and Development Organisation (DRDO) in association with the Aeronautical Society of India (AeSI) as a prelude to Aero India 2025, which will be held in Bengaluru from February 10 to 14, 2025.

    The seminar is a premier event in the global aerospace arena. The theme this year is ‘Futuristic Aerospace Technologies: Challenges in Design Validation’, highlighting discussions and deliberations on Emerging Trends in Futuristic Aerospace Technologies and Military Airworthiness & Certification: Challenges in Design and Testing.

    International delegates attending the event are from prominent foreign companies like Airbus Defence and Space from Spain; Collins Aerospace, GE Aerospace, Martin-Baker, MBDA and Rolls-Royce from UK, Rafael Advanced Defense Systems from Israel, and SAFRAN France. Indian Industry participating in the seminar includes Abeyaantrix Solutions, Ansys Inc., Globals Inc., JSR Dynamics Pvt. Ltd, RAPHE mPhibr, and TAQBit Labs Private Limited.

    The seminar offers a platform to explore collaborative research opportunities and forge strategic partnerships, advancing the future of aerospace and defence technologies. A total of 12 technical sessions covering various topics on Challenges in Design Validation on Futuristic Aerospace Technologies are scheduled. The seminar on ‘Futuristic Aerospace Technologies: Challenges in Design Validation’ focuses on various topics such as Cutting-Edge Technologies for System Design and Validation, Innovative Approaches for Airworthiness & Certification, Leveraging Artificial Intelligence to enhance Future of Aviation, Pioneering Advancements in Electronics and Sensing Technology, Global Insights into Next–Gen Propulsion Systems, Emerging Trends in Military Aviation, Innovations driving Human Missions beyond Earth.

    Secretary, Department of Space and Chairman ISRO Dr V Narayanan was the Chief Guest of the event, while Secretary, Department of Defence R&D and Chairman DRDO Dr Samir V Kamat was the Guest of Honour. President, AeSI Dr G Satheesh Reddy was also present on the occasion. About 1,100 delegates are participating from DRDO, Defence PSUs, Armed Forces and Private Industries, including MSMEs. Further, 33 speakers from both India and abroad will deliver technical talks on a range of topics in the domain.

    ******

    SR/Savvy

    (Release ID: 2101004) Visitor Counter : 81

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Minister Dr. Virendra Kumar chairs Central Advisory Committee (CAC) for the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY)

    Source: Government of India

    Union Minister Dr. Virendra Kumar chairs Central Advisory Committee (CAC) for the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY)

    PM-AJAY plays a crucial role in addressing Socio-economic disparities, empowering SC individuals and promoting Inclusive Growth: Dr. Virendra Kumar

    Posted On: 08 FEB 2025 3:40PM by PIB Delhi

    A meeting of the Central Advisory Committee (CAC) for the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY) was held today under the Chairmanship of Dr. Virendra Kumar, Union Minister of Social Justice and Empowerment and Chairperson of the CAC. The meeting focused on reviewing the progress of the scheme and formulating strategies aimed at the socio-economic upliftment of Scheduled Castes (SC) communities across India.

    Dr. Virendra Kumar thoroughly discussed the implementation of the scheme and emphasized the overarching objectives of PM-AJAY for overall Socio-Economic development of SC populated villages and SC beneficiaries.

    In the meeting State Cabinet Ministers along with Senior Officers from States/UTs, Chairperson of National Commission for Scheduled Castes, representatives of Union Ministries of Finance, Agriculture and Farmers Welfare, Rural Development, Women and Child Development, NITI Ayog, and other members of the Central Advisory Committee participated. All the members appreciated the objectives and implementation of scheme in addressing the needs of SC communities.

    Extensive discussion of the three components of the scheme  i.e Adarsh Gram, Grant-in-aid and Hostel component was done by CAC members and the important role of states/UTs were outlined. The members of CAC appreciated the significant progress made under the scheme’s three core components.

    The committee further deliberated on strategies to expand the scheme’s reach to the larger SC population and enhance its effectiveness. Emphasis was placed on strengthening collaboration at the States and District levels, fostering greater community participation, ensuring timely project implementation, and monitoring the outcomes to achieve maximum impact.

    Dr. Virendra Kumar reiterated the government’s unwavering commitment to the holistic development of SC communities, stating, “PM-AJAY plays a crucial role in addressing socio-economic disparities. Through focused interventions and collaborative efforts, we are working towards empowering SC individuals and promoting inclusive growth.”

    The meeting concluded with a call to action for all stakeholders to intensify their efforts in realizing the objectives of the scheme and ensuring sustainable development for SC communities across the nation.

    *****

    VM

    (Release ID: 2101001) Visitor Counter : 7

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Aero India 2025

    Source: Government of India

    Aero India 2025

    A Glimpse into the Future of Aerospace and Defence Innovation

    Posted On: 08 FEB 2025 11:41AM by PIB Delhi

    Introduction

     

    Aero India, Asia’s Largest Air Show, is a biennial air show and aviation exhibition which is held in Bengaluru, organized by the Defence Exhibition Organisation, Department of Defence Production, Ministry of Defence. Aero India is India’s premier aerospace and defence exhibition where global aero vendors and the Indian Air Force (IAF) thrill the spectators with back-to-back aerobatic flying displays. It is a flagship event that brings together global industry leaders, government officials, technology experts, and defence strategists under one roof. The event not only showcases the nation’s technological prowess and innovations but also provides a dynamic platform for international cooperation and strategic dialogue.

     

         

     

    The Legacy and Importance of Aero India

     

    Aero India has evolved into a major international event that not only highlights the latest advancements in aerospace technology but also serves as a critical forum for strategic interactions between domestic and international stakeholders. The show is a reflection of the nation’s commitment to advancing its aerospace and defence capabilities. Over the years, Aero India has been instrumental in:

    • Showcasing Cutting-Edge Technologies: The event regularly features demonstrations of state-of-the-art aerospace systems, innovative defence solutions, and breakthrough technologies that are shaping the future of air and space travel.
    • Fostering Strategic Dialogues: Through high-level interactions, Aero India has provided an arena for discussions on policy, defence collaborations, and the future roadmap of the aerospace sector.
    • Enhancing International Partnerships: With participation from global aerospace giants and defence agencies, the show underscores India’s growing stature as a key player in the international aerospace community.

     

                                            

     

    This legacy has not only paved the way for the current editions of the event but has also set a high benchmark for the future. Aero India is more than an exhibition—it is a convergence point of innovation, strategy, and national pride.

     

    Aero India 2025

     

    Aero India 2025, the 15th edition of Aero India, is designed to be a landmark edition that leverages the successes of its predecessors while charting new territories in aerospace and defence technology. Aero India 2025 will be held from 10th to 14th February 2025 at Yelahanka Air Force Station, Bengaluru, Karnataka, India. The first three days are dedicated to business visitors, while the last two days are open to the general public.

     

     

    The broad theme is ‘The Runway to a Billion Opportunities’.

     

    Events at Aero India 2025

     

    The five-day event comprises a curtain raiser event, inaugural event, Defence Ministers’ Conclave, CEOs’ Round-Table, iDEX start-up event, breath-taking air shows, a large exhibition area comprising India Pavilion and a trade fair of aerospace companies.

    • To facilitate dialogue towards strategic partnership with friendly countries, India will host the Defence Ministers’ Conclave on the theme ‘BRIDGE -Building Resilience through International Defence and Global Engagement’. It encapsulates the dynamic geopolitical conditions and the path to mutual prosperity, which can be BRIDGED through cooperation among nations with shared vision of security and development.

     

     

    • A number of bilateral meetings are planned at the levels of Raksha Mantri, Raksha Rajya Mantri, Chief of Defence Staff and Secretary among others on the sidelines of the event. The focus will be on bolstering the defence and aerospace ties with friendly countries by exploring newer avenues to take the partnership to the next level.
    • The CEOs’ Round-Table is expected to provide a favourable platform to foreign Original Equipment Manufacturers (OEMs) for manufacturing in India. Global CEOs, CMDs of domestic PSUs and premier private defence & aerospace manufacturing companies from India will be participating in the event.
    • The India Pavilion will showcase India’s commitment to its Make-in-India initiative by showcasing indigenous defence manufacturing capabilities and cutting-edge technologies ready for the global stage, including the future prospects. Promotion of Indian start-ups is a focus area at Aero India 2025 and a wide spectrum of state-of-the-art technologies/products developed by them will be showcased at an exclusive iDEX pavilion.
    • In addition, dynamic aerobatic displays and live technology demonstrations will provide an immersive experience, showcasing the potential of modern aerospace platforms and technologies. A number of seminars on various important themes are also planned as part of the event.

     

     

    Aero India 2023: A Retrospective Analysis

     

    The previous editions of Aero India played a critical role in laying the groundwork for the continued evolution of India’s aerospace and defence landscape. The 14th edition of Aero India 2023 was held from 13th–17th February at Bengaluru, Karnataka and has been the largest ever edition since its inception in 1996 with more than 100 countries, 809 exhibitors, first ever Fly past with 53 aircrafts showcasing our airpower to global attendees and a total footfall of 7+ lakh visitors over five days. Aero India 2023 was characterized by a series of significant milestones and impactful demonstrations. Key aspects of the 2023 edition were:

    • Showcasing Advanced Aerospace Technologies: The 2023 event provided a platform for companies to display state-of-the-art aerospace systems and defence solutions. This not only demonstrated technological innovation but also set the stage for future advancements in the field.
    • Facilitating Strategic Engagements: Aero India 2023 was instrumental in bringing together a diverse group of stakeholders, including government officials, industry experts, and international delegations. The event fostered an environment of strategic dialogue that focused on collaborative ventures and technological partnerships.
    • Strengthening India’s Global Position: By successfully hosting a comprehensive and well-coordinated exhibition, Aero India 2023 reinforced India’s commitment to advancing its aerospace capabilities. The show also underscored the country’s readiness to engage with global partners in driving forward the next wave of aerospace innovation.

     

     

    The successes and challenges of Aero India 2023 have provided valuable lessons that are being incorporated into the planning and execution of Aero India 2025. The focus on operational excellence, international collaboration, and technological innovation—elements that were prominently on display in 2023—serve as the cornerstone for the upcoming edition. The forward momentum generated by the previous edition is expected to translate into even greater achievements in 2025, with enhanced protocols, refined strategies, and an expanded global participation footprint.

     

    Events at Aero India 2023

     

    The event comprised of a Defence Ministers’ Conclave; a CEOs Round Table; Manthan start-up event; Bandhan ceremony; breath-taking air shows; a large exhibition; India Pavilion and a trade fair of aerospace companies.

     

    Major exhibitors & equipment

    The major exhibitors included Airbus, Boeing, Dassault Aviation, Lockheed Martin, Israel Aerospace Industry, BrahMos Aerospace, Army Aviation, HC Robotics, SAAB, Safran, Rolls Royce, Larsen & Toubro, Bharat Forge Limited, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL) and BEML Limited.

     

     

    Aero India 2023 showcased design leadership and growth in UAVs Sector, Defence Space and futuristic technologies. The event aimed to promote export of indigenous air platforms like Light Combat Aircraft (LCA)-Tejas, HTT-40, Dornier Light Utility Helicopter (LUH), Light Combat Helicopter (LCH) and Advanced Light Helicopter (ALH).

     

    Defence Ministers’ Conclave

    Defence Ministers’ Conclave was held on 14th February 2023. Defence Ministers of friendly foreign countries participated in the meeting, which was organised on the theme ‘Shared Prosperity through Enhanced Engagements in Defence (SPEED)’. The conclave addressed aspects related to deepen cooperation for capacity building (through investments, R&D, joint venture, co-development, co-production and provisioning of defence equipment), training, space, Artificial Intelligence (AI) and maritime security to grow together. The conclave was an opportunity for the defence ministers to engage with each other to carry forward the ‘Make in India, Make for the World’ vision.

     

    Bilateral meetings

    On the sidelines of Aero India 2023, a number of bilateral meetings were held at the levels of Raksha Mantri, Raksha Rajya Mantri, Chief of Defence Staff and Defence Secretary among others. The focus was on bolstering the defence & aerospace ties with friendly countries by exploring newer avenues to take the partnership to the next level.

     

    CEOs Round Table

    The ‘CEOs Round Table’, under the chairmanship of the Raksha Mantri, was held on 13th February 2023, on the theme ‘Sky is not the limit: opportunities beyond boundaries.’ It laid the foundation of a more robust interaction between the Industry Partners and Government with an eye on bolstering the ‘Make in India’ campaign.

     

    The Round Table witnessed participation from officials, delegates and global CEOs from 26 countries including global investors such as Boeing, Lockheed, Israel Aerospace Industries, General Atomics, Liebherr Group, Raytheon Technologies, Safran, General Authority of Military Industries (GAMI) etc. Domestic PSUs like HAL, BEL, BDL, BEML Limited and Mishra Dhatu Nigam Limited also participated.

     

    Bandhan ceremony

    The Bandhan ceremony, which witnessed signing of Memoranda of Understanding (MoUs)/Agreements, Transfer of Technologies, Product Launches and other major announcements, was held on February 15th. A concerted effort was made towards forging B2B partnerships at the Bandhan ceremony and more than 250 such partnerships with a total value of more than Rs 75,000 crore have been finalized.

     

    Manthan

    The annual defence innovation event, Manthan, was the flagship technology showcase event held on 15th February. Organised by Innovations for Defence Excellence (iDEX), the Manthan platform will bring the leading innovators, start-ups, MSMEs, incubators, academia and Investors from defence & aerospace ecosystem under one roof.

     

    Manthan had many firsts, including launch of challenges on Cyber Security, establishment of iDEX Investor Hub, MoUs with investors etc. Manthan 2023 provided an overview on the future vision/next initiatives of iDEX to galvanise the start-up ecosystem to foster innovation and technology development in the defence sector.

     

    India Pavilion

    The India Pavilion, based on ‘Fixed Wing Platform’ theme, showcased India’s growth in the area, including the future prospects. There was a total of 115 companies, displaying 227 products. It further showcased the growth of India in developing an ecosystem for Fixed Wing platform which includes the demonstration of various structural modules, simulators, systems (LRUs) etc. of LCA-Tejas aircraft being produced by Private Partners. There was also be a section for Defence space, New Technologies and a UAV section which will give an insight about the growth of India in each sector.

     

    A full scale LCA-Tejas aircraft in Full Operational Capability (FOC) configuration was at the center stage of India Pavilion. LCA Tejas is a single engine, light weight, highly agile, multi-role supersonic fighter. It has quadruplex digital fly-by-wire Flight Control System (FCS) with associated advanced flight control laws. The aircraft with delta wing is designed for ‘air combat’ and ‘offensive air support’ with ‘reconnaissance’ and ‘anti-ship’ as its secondary roles.

     

    Seminars

    A number of seminars were held during the five-day event. The themes included Harnessing Potential of Ex-servicemen for Indian Defence Industry; India’s Defence Space Initiative: Opportunities for shaping Indian private space ecosystem; Indigenous development of futuristic aerospace technologies, including aero engines; Destination Karnataka: US-India defence cooperation innovation and Make in India; Advancement in maritime surveillance equipment and assets; sustenance in MRO and Obsolescence Mitigation and achieving excellence in defence grade drones and Aatmanirbharta in Aero Armament Sustenance.

     

    Major Agreements at Aero India 2023

     

    • MoU between Hindustan Aeronautics Limited and Safran Helicopter Engines, France for Work Share for formation of Joint venture for Design, Development, Manufacture and life time support of Helicopter Engines.
    • MoU between Bharat Electronics Ltd and Aeronautical Development Agency on IWBC and Other LRUs for Advanced Medium Combat Aircraft (AMCA).
    • Co-operation between BSS Material Limited and Pegasus Engineering, an ADUSEA Inc. Division (USA) for Logistic Drones for the Indian Army towards Last Mile Delivery for forward troops deployed along the border areas with capability of operation in wind/gust condition, rain/Snow etc.
    • MoU between Gopalan Aerospace India Pvt. Ltd. and Omnipol, Czech Republic for manufacturing and assembling of 1st passenger aircraft (L 410 UVP-E20 version) by a private company in India.
    • MoU on collaboration of Sagar Defence Engineering Private Limited (SDEPL) & Israel Aerospace Industries (IAI) for IDEX Challenge “Autonomous Weaponized boat Swarm” for Indian Navy.
    • MoU between Bharat Dynamics Limited and Bultexpro Ltd., Bulgaria for setting up the manufacturing facilities for 122mm GRAD BM ER and NONER rockets in India and fulfill the requirements (including ToT).
    • MoU between GRSE and Rolls-Royce Solutions GmbH (MTU) for License production with localization of the MTU 16V4000M73L engine to support the indigenous content for the Next Generation Fast Attack Craft vessel for Indian Navy.
    • BEML enters into License Agreement for Transfer of Technology (ToT) with R&DEE, DRDO for development and supply of TRAWL Assembly for T-72/T-90 Tanks.
    • ToT of Shakti EW System from DLRL DRDO to BEL Hyderabad Unit for all system units, Bill of Material, Test procedures, integration & offering methodology.
    • MoU between Hindustan Aeronautics Limited and Elta Systems Limited, Israel for cooperation on future Business in Maritime Patrol Radar (MPR) for Indian Platforms.

     

    Products Showcased at Aero India 2023

     

    • Vertically Launch Short Range Surface-to-Air Missile (Bharat Dynamics Limited): VLSRSAM is a next-generation, ship-based, all-weather, air defence weapon which can be used by Navy as a quick reaction point defence against supersonic sea skimming targets like aircraft and UAVs. The Missile has a smokeless propulsion system with all-weather capability. It has a highly agile configuration with state-of-the-art Electronic Counter-Counter Measures features.
    • SAL Seeker ATGM for BMP II (Bharat Dynamics Limited): Semi-Active Laser Seeker based Anti-Tank Guided Missile for BMP-II is a subsonic missile with a range of 4,000 metres and flight time of 25 seconds. The missile weighs 23 kgs with the launch tube and can be used in different kinds of terrains to incapacitate the moving and stationary targets such as tanks and Infantry Combat Vehicles.
    • Jishnu (Bharat Dynamics Limited): Jishnu, a Drone Delivered Missile, is light weight and miniaturised missile targeted for soft-skinned targets. It has a range of 1.5 km with a flight time of 9 seconds. The missile can be semi-automatic or completely autonomous based on the systems configurations.
    • Software defined NAVIC/GPS receiver module based on indigenously-developed processors (Astra Microwave Products Limited).
    • Indigenously-built ‘Counter Drone Radar’ based on technology from DRDO (Astra Microwave Products Limited).
    • 9 mm sub-sonic ammunition (Munitions India Limited).
    • BFT on Ios (ideaForge Technology Limited): BlueFire Touch BlueFire Touch, our Ground Control Station (GCS) software, is built to plan and command both mapping and surveillance missions with the ability to pre-plan missions based on operational area and target locations via waypoint-based navigation.
    • HF SDR Radio (Bharat Electronics Limited): It is an advanced software defined radio. The radio is lightweight 20 W transmit capable radio. It provides a complete solution to the short-range communication requirements in the crowded HF band and long-range communications beyond line of sight.
    • Goniometer (Bharat Electronics Limited): It is part of any integrated observation and fire control monitoring system for day time or night time use by the Artillery.

     

    Looking Ahead: The Future of Aerospace and Defence in India

     

     

    Aero India has always been more than just an exhibition—it is a strategic imperative that underscores India’s commitment to becoming a global leader in aerospace and defence. The event plays a pivotal role in:

    • Driving Technological Advancements: By bringing together innovators and industry leaders, Aero India acts as a catalyst for the development and deployment of next-generation aerospace systems.
    • Enhancing National Security: The technologies and strategies showcased at the event contribute directly to enhancing India’s defence capabilities, ensuring that the nation remains well-prepared to address contemporary and future security challenges.
    • Strengthening Economic Growth: Beyond defence, the advancements in aerospace have far-reaching implications for economic growth, industrial development, and technological self-reliance.

     

    Conclusion: Embracing the Future with Aero India

     

    Aero India stands as a testament to India’s unwavering commitment to innovation, strategic collaboration, and excellence in aerospace and defence. As the nation prepares to host Aero India 2025, the event promises to build on the rich legacy of previous editions—most notably, the transformative Aero India 2023. Through rigorous operational protocols, strategic partnerships, and a forward-thinking agenda, Aero India 2025 is poised to further elevate India’s profile on the global aerospace stage.

     

    Annexure

    1. Broad Programme of Aero India: https://www.aeroindia.gov.in/assets/front/broad_programme.pdf
    2. List of Seminars: https://www.aeroindia.gov.in/assets/front/seminar_list.pdf
    3. List of Invited Speakers: https://www.aeroindia.gov.in/assets/front/speakers_list.pdf
    4. Visitor Registration: https://www.aeroindia.gov.in/visitor-registration

     

    References

    https://www.aeroindia.gov.in/

    https://www.aeroindia.gov.in/faq

    https://www.aeroindia.gov.in/whyexhibit

    https://pib.gov.in/PressReleseDetailm.aspx?PRID=1899388

    https://pib.gov.in/PressReleasePage.aspx?PRID=2091447

    https://www.ddpmod.gov.in/resources/photos/aero-india

    https://x.com/aeroindiashow?lang=en

    https://pib.gov.in/PressReleasePage.aspx?PRID=1898547

    https://pib.gov.in/PressReleasePage.aspx?PRID=2090516

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1989502

    https://x.com/MIB_India/status/1887124348617760992

    https://x.com/AeroIndiashow/status/1887371647331516549

    https://x.com/MIB_India/status/1886725544823415252

    https://x.com/AeroIndiashow/status/1887050312281641266

    https://x.com/AeroIndiashow/status/1869024504485208160/photo/1
    https://x.com/AeroIndiashow/status/1849117379852132485/photo/1

    https://x.com/AeroIndiashow/status/1626582275365441537/photo/3

    https://x.com/AeroIndiashow/status/1626530283892903936/photo/1

    https://www.ddpmod.gov.in/resources/photos/aero-india

    Click here to download PDF

    ******

    Santosh Kumar | Sarla Meena | Rishita Aggarwal

    (Release ID: 2100966) Visitor Counter : 56

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Digital tools drive SME growth

    Source: Hong Kong Information Services

    The Digital Transformation Support Pilot Programme, operated by Cyberport with a funding allocation of $500 million from the Government, aims to accelerate the digital transformation of local small and medium enterprises (SMEs).

    The programme provides funding support on a 1:1 matching basis for SMEs to adopt ready-to-use digital solutions, including digital payment solutions and shopfront sales, online promotion, and customer management and loyalty solutions.

    Funding support is available for subsidised SMEs to cover up to 50% of the total project cost or a maximum of $50,000, whichever is lower.

    Business boost

    Li Mei-yung owns a ginseng and dried seafood shop in Shek Mun. She decided to apply for the programme last year.

    As a result, the business has established an online shopping platform through an instant messaging software, allowing customers to browse product details and place orders at any time, from anywhere, significantly reducing the workload for frontline staff.

    Promotions conducted via instant messaging software have also proven to be effective for expanding the customer base.

    Ms Li said most of her customers are middle-aged neighbours and seniors, and she is looking to attract a younger clientele.

    “As we all know, online shopping is more convenient. After we installed the system, we could inform members about which products are affordable and discounted.

    “Many young people prefer not to use cash for their purchases. They believe that online shopping is more convenient as you can shop without visiting the store in person.

    “I applied for the Digital Transformation Support Pilot Programme, and as a result, our business grew by about 10%.”

    Wider reach

    Following positive feedback to the programme, it was expanded in December 2024 to cover the tourism and personal services industries besides subsidising the food and beverage and retail industries.

    Cyberport Chief Public Mission Officer Eric Chan pointed out that the programme can address several issues SMEs encounter on their digital transformation journey.

    “Many of those SMEs, they recognise the importance of digital transformation but they tended to have difficulties in implementing the systems in the past because of the lack of funding, the lack of technical knowledge as well as the difficulty in choosing the right solution providers.

    “Through providing the funding, then we have a whole committee to help SMEs pick the right solutions, so as to guarantee the quality, to improve the overall business efficiency and help them to get more customers and retain the existing customers as well as improve convenience through digital payment and front store automation.”

    Smooth process

    As of the end of December 2024, Cyberport has received over 5,300 applications.

    The programme has provided more than 810 solution packages from over 110 solution providers for SMEs to select from.

    The vetting process will normally be completed within two months after receiving complete information from the applicants.

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Victorian byelections: Liberals gain Prahran from Greens and Labor ahead in Werribee

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    Byelections occurred on Saturday in the Victorian state seats of Prahran and Werribee. The Liberals gained Prahran from the Greens by a 51.6–48.4 margin, a 13.6% swing to the Liberals since the 2022 state election.

    Primary votes were 36.2% Liberals (up 4.8%), 36.2% Greens (down 0.6%), 12.8% for independent Tony Lupton, the Labor member for Prahran from 2002 to 2010, and 5.3% for another independent. Labor did not contest after winning 26.8% in 2022.

    The primary vote swings between the Greens and Liberals only explain 2.7% of the 13.6% two-candidate swing. In 2022, Labor preferences would have flowed strongly to the Greens, but at the byelection Lupton recommended preferences to the Liberals on his how-to-vote material. The Greens’ share of overall preferences plunged from nearly 80% in 2022 to 44%.

    In Werribee, Labor leads the Liberals by 50.6–49.4, a 10.4% swing to the Liberals since 2022. Primary votes are 29.0% Liberals (up 3.7%), 28.7% Labor (down 16.7%), 14.7% for independent Paul Hopper (up 8.8%), 7.5% Greens (up 0.7%), 7.3% Victorian Socialists (up 3.7%), 5.5% Legalise Cannabis (new) and 4.4% Family First (up 1.9%).

    Labor’s primary vote slumped in Werribee, but the Liberals were not the main beneficiary. There were just enough preferences from left-wing sources (Greens, Socialists and Legalise Cannabis) to put Labor over the line.

    The large majority of outstanding votes at these byelections will be postals. In postals counted so far in Werribee, the Liberals lead by 53–47, and they will need to increase that margin on remaining postals to erase Labor’s current lead. But later postals are usually better for left-wing parties than earlier ones.

    In Prahran, the Liberals lead the Greens on postals counted so far by 65–35. Later postals will probably be better for the Greens, but the Liberals will still win this byelection.

    In Prahran, the Greens should have been able to overcome a shift against them on preferences with an improved primary vote. Losing this seat, which they have held since the 2014 state election, is a dismal result for the Greens.

    Labor is likely to retain Werribee, but the slump in the Labor primary vote validates the recent Victorian Resolve poll that had Labor’s statewide primary vote at just 22% and the Liberals in a clear election-winning position.

    Victorian upper house reform delayed again

    Since winning government at the November 2014 election, Labor has done nothing to reform the upper house electoral system. The upper house still uses group ticket voting (GTV), which is no longer used in any other Australian jurisdiction.

    GTV was scrapped in New South Wales before the 2003 election, federally before 2016, in South Australia before 2018 and in Western Australia before this year’s March election. Other jurisdictions have never used GTV.

    The artificially strong preference flows produced by GTV can allow parties with very low vote share to win seats through preference deals by overtaking parties with a much higher vote. In a system where voters direct their own preferences, this does not occur.

    Analyst Kevin Bonham wrote on Friday that the parliamentary Victorian Electoral Matters Committee had recommended scrapping GTV, but the government has delayed any response until after the Committee publishes its final report in December. By this time, it will be difficult to make changes so that they can be implemented for the November 2026 election.

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

    – ref. Victorian byelections: Liberals gain Prahran from Greens and Labor ahead in Werribee – https://theconversation.com/victorian-byelections-liberals-gain-prahran-from-greens-and-labor-ahead-in-werribee-249446

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Jack and the Green Sprouts Recalls Expired Alfalfa Sprouts Because of Possible Health Risk

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    FDA Publish Date:
    Product Type:
    Food & Beverages
    Foodborne Illness
    Reason for Announcement:

    Recall Reason Description

    Potential Foodborne Illness – Listeria monocytogenes

    Company Name:
    Jack and the Green Sprouts, Inc.
    Brand Name:

    Brand Name(s)

    Jack & the Green Sprouts

    Product Description:

    Product Description

    Alfalfa Sprouts

    Company Announcement

    Jack and the Green Sprouts, Inc. of River Falls, WI is recalling 5oz packages of Alfalfa sprouts that expired on 1/29/25 because they have the potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, Listeria infection can cause miscarriages and stillbirths among pregnant women.

    The produce was sold in MN, WI and Iowa at grocery store and local Co-ops.

    The product comes in a 5oz, clear plastic package marked with lot #687 UPC #763247198915 on the top.

    No illnesses have been reported to date in connection with this concern.

    The potential for contamination was noted after routine testing by the State of MN which revealed the presence of Listeria monocytogenes in expired 5oz package Alfalfa sprouts. Even though Jack and the Green Sprout’s tests from an independent lab had negative results confirmed on spent irrigation water & finished Product for the Alfalfa Lot #687 before release.

    Out of an abundance of caution if consumers still have these expired 5oz packages of Alfalfa sprouts Lot #687 are urged to discard them. Consumers with questions may contact the company at 715-425-9495, 8:00-2:00, Monday thru Fridays.

    Company Contact Information

    Consumers:
    715-425-9495

    Product Photos

    MIL OSI USA News –

  • MIL-OSI: $TOCKHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – AVAV, LTRPA, NEUE, SDIG

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 08, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • AeroVironment, Inc. (Nasdaq: AVAV), relating to the proposed merger with BlueHalo LLC. Under the terms of the agreement, AeroVironment shareholders will own approximately 60.5% of the combined company.

    Click here for more information https://monteverdelaw.com/case/aerovironment-inc-avav/. It is free and there is no cost or obligation to you.

    • Liberty TripAdvisor Holdings, Inc. (OTC: LTRPA, LTRPB), relating to the proposed merger with Tripadvisor, Inc. Under the terms of the agreement, shares of Liberty TripAdvisor Common Stock will be converted into the right to receive $0.2567 in cash.

    Click here for more https://monteverdelaw.com/case/liberty-tripadvisor-holdings-inc-ltrpa-ltrpb/. It is free and there is no cost or obligation to you.

    • NeueHealth, Inc. (NYSE: NEUE), relating to the proposed merger with New Enterprise Associates. Under the terms of the agreement, holders of NeueHealth common stock will receive $7.33 per share in cash.

    Click here for more https://monteverdelaw.com/case/neuehealth-inc-neue/. It is free and there is no cost or obligation to you.

    • Stronghold Digital Mining, Inc. (Nasdaq: SDIG), relating to its proposed merger with Bitfarms Ltd. Under the terms of the agreement, Stronghold stockholders are expected to receive 2.52 shares of Bitfarms per share of Stronghold they own.

    ACT NOW. The Shareholder Vote is scheduled for February 27, 2025.

    Click here for more information: https://monteverdelaw.com/case/stronghold-digital-mining-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI Russia: Future professionals begin their journey at the State University of Management

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On February 8, the State University of Management held an “Initiation into Future Professionals” event, timed to coincide with the celebration of Science Day.

    More than 500 tenth-graders from Moscow’s entrepreneurial classes gathered within the walls of the university.

    The curator of the city project “Entrepreneurial Class in a Moscow School” Gulnara Koshimbetova greeted the children and encouraged them to share their opinions about the training.

    “Today, this event is taking place in all the project partner universities. It is important that we have gathered at the State University of Management. The first half of the training year has passed, and you have an idea of the project. Perhaps you have ideas on how to make it more significant and effective. You can tell us about it in the feedback form, and we will take your wishes into account. Wear the badges of the entrepreneurial class with pride and may your path lead to great success,” Gulnara Kashulbekova wished.

    Nikolai Mikhailov, Advisor to the Rectorate of the State University of Management, also gave a speech.

    “It is no coincidence that representatives of the entrepreneurial classes gathered at the State University of Management, because our university has extensive experience in training managers not only for the public sector, but also for various sectors of the economy. From the presentation, you already learned that the State University of Management was founded in 1919. But recently, our historians have established that the university was actually created on the basis of the Alexander School, which opened back in 1879. And it turns out that the State University of Management is older. Our university is not only the first management university in the country, we are now restoring everything related to the engineering direction, including engineering and economics, which is especially in demand today,” noted Nikolai Nikolaevich.

    In addition, the advisor invited the children to the university’s Open Day, which will take place on March 26.

    The official part was continued by the Vice-Rector of our university, Pavel Pavlovsky, who spoke about the various entrepreneurial opportunities for schoolchildren.

    “I would like to name one more reason why GUU is an entrepreneurial university: it is young at heart. Just yesterday I was on the radio and the host said that an entrepreneur is someone who sees the difference between supply and demand and levels it out. I will add that entrepreneurship, in my opinion, is not so much about profit as it is about opportunities for people. We want to teach you how to create good for the country and benefit all citizens. For example, GUU master’s students are already implementing programs in federal camps, conducting a course on business and entrepreneurship, helping 14-17 year olds understand this area and realize themselves,” said Pavel Vladimirovich.

    The program of the event, along with official performances, included bright numbers from the KVN team of the State University of Management and the vocal group “StuDos”.

    After the concert, the tenth-graders took the Solemn Oath of Future Entrepreneurs and went to their classrooms, where they were treated to master classes from graduates of the State University of Management who had become successful entrepreneurs: Vice President of the Novard Group of Companies Sergey Sarkisov, founder of GoTrans Elmira Shagiakhmetova, and General Director of Project 21 Anesti Xinoupoulo.

    The guests talked about their path to success, encouraged the children to be brave and believe in themselves, and also answered questions from those gathered.

    In addition, throughout the event, GUU students conducted various activities for young guests and introduced them to the rich extracurricular activities of the university. The stands presented the V.I. Vernadsky EcoClub, the Mind Games Club, the StuDos Creative Team, the Business and Entrepreneurship Course Project, and the State University of Management Student Fire and Rescue Squad.

    Subscribe to the TG channel “Our GUU” Date of publication: 02/08/2025

    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: Unlock 100x Leverage on BexBack with a 100% Deposit Bonus & $50 Welcome Bonus – No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 08, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin falls below the $100,000 mark, many analysts believe it will enter a long period of high volatility. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c461eca9-3533-4db2-be9e-bda12f503baa
    https://www.globenewswire.com/NewsRoom/AttachmentNg/63cd2ae6-6da2-4a28-848f-a568e8af4def
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a9ace020-e451-49fe-a325-872195ea9a58
    https://www.globenewswire.com/NewsRoom/AttachmentNg/63ff74a3-ad9b-4073-8ee4-d0d045e6b055

    The MIL Network –

  • MIL-OSI Video: Only ONE Carry-On! | U.S. Army

    Source: US Army (video statements)

    : Sgt. Austin Steinborn, 5th Mobile Public Affairs Detachment

    About the U.S. Army:
    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts

    https://www.youtube.com/watch?v=PXpVEtqGZ1I

    MIL OSI Video –

  • MIL-OSI Video: Shaping Future Buildings & Indigenous Voices for Change | WEF | Top Stories Week

    Source: World Economic Forum (video statements)

    This week’s top stories of the week include:

    0:15 4 trends shaping future buildings – Liveable, sustainable, resilient and affordable real estate is essential to our shared future. As populations age, more buildings will have to adapt to the needs of older people, offering qualities such as accessibility and proximity to medical care.

    2:07 6 Indigenous voices for change – The Indigenous leaders attended World Economic Forum’s Annual Meeting in Davos to shed light on the issues affecting their communities and discuss solutions. Though these crises are urgent, the leaders shared what makes them optimistic.

    5:52 IMF’s Gita Gopinath’s Outlook for 2025 – While recent inflation drops have sparked talk of early rate cuts, the IMF’s Gita Gopinath warns that the fight isn’t over. Tight labor markets still warrant continued rate hikes, likely in the second half of 2024.

    9:37 David Beckham champions kid’s rights – David Beckham is a footballing icon. Since 2005, he’s also been a Goodwill Ambassador for UNICEF. In 2015, Beckham launched the 7 Fund, named after his shirt number, to help vulnerable children get the best possible start in life.

    _____________________________________________

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=rlFX7wzotUU

    MIL OSI Video –

  • MIL-OSI Global: US sovereign wealth fund: A feasible idea to invest strategically, or a giant opportunity for waste?

    Source: The Conversation – USA – By Patrick J. Schena, Professor of Practice and International Business, Tufts University

    U.S. President Donald Trump signs an executive order to create a U.S. sovereign wealth fund on Feb. 3, 2025 Jim Watson/AFP via Getty Images

    Could the United States soon be joining the likes of Norway, Kuwait and Mongolia in having a national reserve to invest on projects of strategic interest? If President Donald Trump gets his way, then perhaps so.

    On Feb. 3, 2025, Trump issued an executive order calling for the creation of a U.S. sovereign wealth fund.

    This was not entirely unexpected. After all, the idea had been floated in September 2024 not only by the Trump team, but also by President Joe Biden’s Treasury Department.

    Many at the time, including myself, deemed it far-fetched at best. But with the initiative now gaining traction, the time is certainly ripe to imagine what a U.S. sovereign wealth fund might look like.

    What is a sovereign wealth fund?

    In their most basic form, sovereign wealth funds are pools of government savings, usually accumulated over many years through the sale of commodities, traded goods, government-owned companies and land-use rights, among other sources.

    They share a variety of objectives, such as stabilizing government finances, ensuring the funding of retirement or education programs, saving for future generations or even managing state-owned corporations.

    They generally diversify investment across assets, geographies and sectors, including some, such as sports and entertainment in the case of Saudi Arabia, that are aligned with national development goals.

    Sovereign wealth funds are usually associated with great wealth – Norway’s “oil fund” is estimated to be worth US$1.7 trillion. With regard to scale, Norway is hardly alone. And Norway’s fund is typical in another respect: sovereign wealth funds are often based in smaller countries with outsized natural resources, like Kuwait, the United Arab Emirates and Qatar, or even tiny Guyana in the Caribbean.

    In reality, most sovereign wealth funds are more modest in size relative to their gross domestic products.

    How long have SWFs been around?

    Sovereign wealth funds are hardly new. The so-called modern era of sovereign wealth funds dates to the early 1950s with the creation of the Kuwait Investment Board.

    But some government investment funds, such as the Texas Permanent School Fund, established in 1854, long predate the Kuwait Investment Board.

    As is evident in the case of Texas, there are many such funds already operating in the U.S., including those in Alaska, New Mexico and Wyoming – all of which identify as “sovereign wealth funds.” These, of course, are state funds, but the term “sovereign” is generously applied.

    Sovereign wealth funds often invest outside of their geographies, not only to diversify returns but to avoid stimulating higher inflation that may result from investing at home.

    In fact, the U.S. has benefited from investments by other countries’ sovereign wealth funds. Developed market economies like the U.S. are attractive destinations for investment, given the relative strength of their institutions and the scale and liquidity of their financial markets.

    Still, over the last decade there has been a rapid expansion in the number of sovereign wealth funds investing domestically, particularly in support of strategic national goals. Some of these include funds in Ireland, India and Indonesia.

    Their investment programs target critical sectors and national “champions,” with a goal to mobilize foreign capital for co-investment in local markets.

    Soccer superstar Cristiano Ronaldo plays for Al-Nassr, in which Saudi Arabia’s Public Investment Fund has a controlling stake.
    Abdullah Ahmed/Getty Images

    The fundamental questions of a fund

    What could a U.S. sovereign wealth fund look like? Would it be well funded? And if so, how? Through taxes, treasury bond proceeds, budget transfers, tariffs?

    Would it invest globally or domestically? Could it be used to reinforce the Social Security system? Will it be used to tackle the dual deficits of budget and trade? Or will it have a strategic mandate – to enhance national security, energy security or climate security?

    These are all fundamental questions that must be carefully examined; creating a sovereign wealth fund should not be a backroom exercise. It needs to be conducted openly, with expert input and public deliberation.

    The process belies even more challenging organizational and governance decisions concerning the legal structure, ownership and management of the fund, the independence of its governing board, and its distance from government influence in its decisions.

    After all, the history of sovereign wealth funds is not without failed attempts. Take Malaysia’s 1MDB, which was usurped for political and personal gain and became a multibillion-dollar corruption scandal, or Venezuela’s macrostabilization and development funds, which were both effectively exhausted.

    In these cases – and others – the breakdown can be connected to failures in governance, both in design and culture, and ultimately traced back to politics.

    Where does the US start?

    It is interesting to note that it was George W. Bush’s Treasury Department during the financial crisis in 2008 that was most influential in encouraging sovereign wealth funds to define a framework of governance practices and principles.

    Known as the Santiago Principles, this set of 24 precepts, agreed to in 2008, are intended to ensure transparent and sound governance with adequate operational controls, risk management and accountability.

    To be successful and in line with the Santiago Principles, a U.S. sovereign wealth fund would have to be grounded in a functional governance structure that allows investment projects to be evaluated based on commercial merit.

    It would also need to be free of political interference and operate openly, transparently and at arm’s length from any personal or professional interests of any related parties.

    Where would it invest?

    The next thing to consider is the fund’s investment objectives and strategy. Trump has suggested that such a fund could be used to buy TikTok. But would that represent a strategic investment that advances the national competitiveness of the U.S.?

    Perhaps instead, a sovereign wealth fund might be better placed investing a majority of its capital in private markets and core infrastructure in the U.S. under a focused strategic mandate that directs money to key national priorities.

    Essential here is for the fund to be “additional.” That is to say it would invest in projects that other investors would not be able to finance on their own due to scale, difficulty or duration. In essence, the fund would “crowd in” investors, rather than crowding them out.

    And what about funding?

    Perhaps the most critical question still remains: Where will the money come from?

    Increased taxes are a nonstarter due to political will and, of course, Trump’s campaign commitments.

    Treasury bond issuances would only increase U.S. debtedness and likely lead to higher inflation. Allocations from the government’s own budget also seem to be a non-starter, as U.S. budget deficits have long been well-entrenched.

    The president has suggested that a fund could use tariff payments – but the reality of the tariff rollout is itself questionable and apparently open to negotiation.

    Malaysia’s 1MDB financed the Tun Razak Exchange tower, the tallest building in Kuala Lumpur, Malaysia. But it was also the source of the biggest corruption scandal in Malaysian history.
    Ore Huiying/Getty Images

    A more practical option may be a take on the traditional private equity limited partnership. In this model, the U.S. serves as general partner and joins other institutional investors – including other sovereign wealth funds – to invest in the fund.

    As general partner, the U.S. would appoint a management team that would select and manage the investments – for a fee, of course. Its mandate would be to target strong market returns, while advancing the strategic national interests of the U.S.

    The National Investment and Infrastructure Fund in India is one such example. This approach would require a smaller initial capital commitment from the U.S. and give the manager discretion over where and how to deploy capital. Needless to say, the call for strong foundational governance is reinforced under such a plan.

    To be clear: The challenges, constraints and risks of launching a U.S. sovereign wealth fund are orders of magnitude greater than similar endeavors in Guyana or Suriname.

    Imagining the creation of a fund is certainly feasible. But ensuring the fund will genuinely enhance the intergenerational welfare of all Americans may still be far-fetched.

    Patrick J. Schena has not in the last 4 years received grant funding to support his research. He collaborates in areas of mutual research interests with the International Forum of Sovereign Wealth Funds for which he receives no compensation.

    – ref. US sovereign wealth fund: A feasible idea to invest strategically, or a giant opportunity for waste? – https://theconversation.com/us-sovereign-wealth-fund-a-feasible-idea-to-invest-strategically-or-a-giant-opportunity-for-waste-249005

    MIL OSI – Global Reports –

  • MIL-Evening Report: ‘Journalism has become a blood sport. It is harder and harder to tell the truth’

    A investigative journalism programme — Organised Crime and Corruption Reporting Project (OCCRP) — that has pubiished exposes about the South Pacific and has not been impacted on by the “freeze” of USAID funding has hit back in an editorial calling for support of independent media.

    EDITORIAL: By the OCCRP editors

    “OCCRP is a deep state operation.
    “OCCRP is connected to the CIA.
    “OCCRP was tasked by USAID to overthrow President Donald Trump.”

    How did we end up getting this kind of attention? Old fashioned investigative journalism.

    We wrote a simple story in 2019 about how Rudy Giuliani went to Ukraine for some opposition research and ended up working with people connected to organised crime who misled him.

    Unbeknown to us, a whistleblower found the story online and added it to a complaint that was the basis of President Trump’s first impeachment. We also wrote a story about Hunter Biden‘s business partners and their ties to organised crime but that hasn’t received the same attention.

    Journalism has become a blood sport. It’s harder and harder to tell the truth without someone’s interests getting stepped on.

    OCCRP prides itself on being independent and nonpartisan. No donor has any say in our reporting, but we often find ourselves under attack for our funding.

    It’s not just political interests but organised crime, businesses, enablers, and other journalists who regularly attack us. What’s common in all of these attacks is that the truth doesn’t matter and it will not protect you.

    Few attack the facts in our reporting. Instead we’re left perplexed by how to respond to wild conspiracy theories, outright disinformation, and hyperbolic hatred.

    At the same time, we’ve lost 29 percent of our funding because of the US foreign aid freeze. This includes 82 percent of the money we give to newsrooms in our network, many of which operate in places [Pacific Media Watch: Such as in the Pacific] where no one else will support them.

    This money did not only fund groundbreaking, prize-winning collaborative journalism but it also trained young investigative reporters to expose wrongdoing. It’s money that kept journalists safe from physical and digital attacks and supported those in exile who continued to report on crooks and dictators back in their home countries.

    OCCRP now has 43 less journalists and staff to do our work.

    No attack or funding freeze will stop us from trying to fulfill our mission. Just in the past week, OCCRP and its partners revealed how Russia’s shadow fleet sources its ships, how taxes haven’t been paid on Roman Abramovich’s yachts, and how Syrian intelligence spied on journalists.

    Next week, we’ll take on another set of powerful actors to defend the public interest. And another set the week after that.

    We are determined to stay in the fight and keep reporting on organised crime and the corrupt who enable and benefit from it. But it’s getting harder and we need help.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Foreign tourists venture off the beaten path to explore Spring Festival traditions

    Source: People’s Republic of China – State Council News

    Foreign tourists venture off the beaten path to explore Spring Festival traditions

    BEIJING, Feb. 8 — When Sabah El Badaoui from Morocco arrived in China on a business trip, she never expected to be immersed in the full spectacle of the Spring Festival, or the Chinese Lunar New Year.

    What started as a brief work visit quickly turned into what she called “an unforgettable cultural journey.” Traveling from Shanghai to Suzhou and Anhui in east China, she was captivated by the diverse traditions unique to each region.

    “Even within the Yangtze River Delta, every place has its unique customs,” she said. “The smaller the town, the livelier the Chinese New Year festivities.”

    Data shows that around 51 townships and villages across China welcomed foreign visitors for the first time, following the country’s expanded visa-free policies. As a result, lesser-known destinations are gaining traction among international tourists beyond major cities and famous landmarks.

    Places like Quanzhou in east China’s Fujian Province, known for its traditional hairpin festival, Chaozhou in Guangdong with its dynamic Yingge folk dance, and Zigong in Sichuan famed for its lantern displays, are emerging as sought-after cultural hotspots.

    For many foreign travelers, smaller cities and rural areas offer a more immersive cultural experience than China’s metropolitan centers.

    In northwest China’s Xinjiang Uygur Autonomous Region, foreign visitors were delighted to see the region’s unique fusion of winter sports and Chinese Lunar New Year festivities.

    A Trip.com report revealed a 58 percent increase in international visitors to Xinjiang during the Spring Festival holiday, with the regional capital Urumqi ranking among the top three destinations for ice and snow tourism nationwide.

    Foreign visitors can book scenic spot tickets with valid IDs, such as passports or foreign permanent residence cards, while improved payment options have enhanced convenience, said Ma Beitao of Altay Prefecture’s tourism bureau.

    In Chibi, a county-level city in central China’s Hubei Province, this year’s Spring Festival saw a surge of visitors eager to experience its local cuisine, rich history and vibrant folk performances.

    Most foreign visitors to Yangloudong, an ancient town in Chibi, come from Southeast Asian countries, drawn by their deep interest in the Three Kingdoms period (220-280) and the region’s rich intangible cultural heritage, said Rao Jie, who works with a local tourism investment company.

    According to Xu Ying, an associate professor at Renmin University of China, the universal themes of the Spring Festival such as family reunion, gratitude and renewal are key to its global resonance.

    “These values transcend cultural and geographic boundaries,” she said. “When foreign visitors experience them firsthand, they gain a deeper understanding of Chinese culture beyond just visual symbols.”

    Amid booming inbound tourism, cities across China are rolling out services to accommodate international travelers better. From expanding digital payment solutions to providing multilingual assistance at major attractions, efforts are underway to enhance the visitor experience.

    During the Spring Festival holiday, Hubei’s top tourist sites introduced online ticketing and seamless entry for foreign permanent residents, while over 1,000 new currency exchange points and foreign card-compatible POS machines were installed to better serve international visitors.

    In Wuxi, a rising tourist destination in east China’s Jiangsu Province popular among visitors from the Republic of Korea (ROK) due to its proximity, authorities have streamlined entry procedures and enhanced mobile payment options.

    “I saw pictures of Wuxi online and had to see it for myself,” said a visitor from the ROK. “It is even more beautiful than I expected.”

    Song Rui, director of the tourism research center at the Chinese Academy of Social Sciences, said that immersing in the celebrations allows foreign visitors to experience modern China and the festival’s deeper values firsthand.

    MIL OSI China News –

  • MIL-OSI Europe: Audience with participants in the study visit for young priests and monks of the Eastern Orthodox Churches

    Source: The Holy See

    Audience with participants in the study visit for young priests and monks of the Eastern Orthodox Churches, 06.02.2025
    This morning, the Holy Father Francis received in audience the participants in the study visit for young priests and monks of the Eastern Orthodox Churches.
    The following is the address prepared by the Pope for the occasion and handed to those present at the audience:

    Prepared address
    Dear Brothers,
    “How very good and pleasant it is when kindred live together in unity!” (Ps 133:1).  With these words of the Psalmist, I offer you a warm welcome and I express my joy for this visit of young priests and monks of the Armenian, Coptic, Ethiopian, Eritrean, Malankara and Syrian Oriental Orthodox Churches. My fraternal greeting goes to Archbishop Khajag Barsamian and to Bishop Barnabas El-Soryani, who are accompanying you. Through you, I wish to greet my venerable and dear brothers, the heads of the Oriental Orthodox Churches.
    This is the fifth Study Visit for young Oriental Orthodox priests and monks organized by the Dicastery for Promoting Christian Unity. Similar visits for Catholic priests have been prepared by the Armenian Catholicosate of Etchmiadzin and the Malankara Orthodox Syrian Church. I am most grateful for this “exchange of gifts” promoted by the Joint International Commission for Theological Dialogue between the Catholic Church and the Oriental Orthodox Churches, because it enables the dialogue of charity to go hand in hand with the dialogue of truth.
    Your visit has particular significance this year, as we celebrate the seventeenth centenary of the Council of Nicaea, the first ecumenical Council, which professed the Symbol of Faith shared by all Christians. I would like, then, to reflect with you on that term, “Symbol”, which in its threefold meaning has powerful ecumenical implications.
    In the theological sense, a symbol sets forth the ensemble of the principal truths of the Christian faith, which harmoniously complement one another. In this sense, the Nicene Creed, which synthetically sets forth the mystery of our salvation, is exemplary and unparalleled.
    The Symbol also has an ecclesiological significance. Not only does it unite truths, it also unites believers. In antiquity, the Greek word symbolon indicated half of a document broken in two, to be presented as a sign of identity. The Symbol thus serves as a sign of identity and communion between believers. Each individual possesses the faith as a “symbol”, which only finds its full unity together with others. We need one another in order to be able to confess the faith. That is why the Nicene Symbol, in its original version, uses the plural form, “We believe”. Carrying this image a step further, I would say that we Christians, still divided, are like “shards” who must recover unity in the confession of the one faith. For we hold the Symbol of our faith like a treasure in vessels of clay (cf. 2 Cor 4:7).
    And so, we come to the third meaning of the Symbol, its spiritual significance. We must never forget that the Creed is above all a prayer of praise that unites us to God: union with God necessarily takes place through unity among us Christians who proclaim the same faith. Whereas the devil divides, the Symbol unites! How beautiful it would be if, each time we proclaim the Creed, we felt united with Christians of all traditions! The proclamation of our common faith, in fact, requires before all else that we love one another, as the Eastern liturgy exhorts us to do before the recitation of the Creed: “Let us love one another, that in unity of spirit we may profess our faith in the Father, in the Son and in the Holy Spirit”.
    Dear brothers, I hope that your presence will become a “symbol” of our visible communion, as we persevere in pursuit of that full unity that the Lord Jesus so ardently desired (cf. Jn 17:21). I assure you of my prayer for each of you and for your Churches, and I count on your own prayers for me and for my ministry. May the Lord bless you and may the Mother of God protect you.
    And now, I would propose that we proclaim together the Nicene Creed, each of us in his own language. [I believe…]

    MIL OSI Europe News –

  • MIL-OSI USA: Reed Calls for Immediate Ouster of Unqualified Partisan Tom Krause at Treasury

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – The Trump Administration today brazenly installed Tom Krause, a Silicon Valley executive and associate of billionaire Elon Musk’s so-called Department of Government Efficiency (DOGE), to oversee the U.S. Treasury Department’s critical payment systems that manage the cash and debt that finances the federal government. Mr. Krause’s new position gives him control over the Treasury payment system responsible for disbursing more than $5 trillion annually, including Social Security, Medicare, tax refunds and other payments. He also has control over auctions for U.S. Treasury securities, which is the most important financial market in the world and determines the benchmark rate for consumer credit. In 2024, Treasury held 440 auctions and issued $28.5 trillion in securities. 

    Mr. Krause takes on these enormous responsibilities to manage the Nation’s finances, despite having no background in government operations or in financial markets. The installation of Mr. Krause injects politics into processes that have always been conducted in a nonpartisan fashion.

    Mr. Krause, who will reportedly continue to hold his private sector job at Cloud Software Group while taking on this critical full-time role at Treasury, replaces a longtime civil servant who resigned after objecting to Mr. Krause’s demands to stop certain payments — a measure the non-partisan Treasury official resisted as illegal. 

    U.S. Senator Jack Reed (D-RI), the Ranking Member of the Senate Appropriations Financial Services and General Government (FSGG) Subcommittee, which oversees funding for Treasury, is calling for Mr. Krause’s immediate removal. Reed sent a third letter this week warning Treasury Secretary Scott Bessent about this matter and stating: “At the very least, the American people deserve someone’s undivided attention for this job.”

    Secretary Bessent wrote to Senator Reed on February 4 that Mr. Krause was merely “conducting an ongoing review of Treasury’s systems” and that “to allow him to perform this function, he has been “hired as an expert/consultant.”  Only two days later, Mr. Krause is not simply reviewing Treasury’s systems—he in full operational control of them.

    Full text of the letter follows:

    February 7, 2025

    ?? ?

    The Honorable Scott Bessent, Secretary

    U.S. Department of the Treasury

    1500 Pennsylvania Avenue NW

    Washington, DC 20220

    Dear Secretary Bessent:

                   

    Earlier today, you appointed Tom Krause to perform the duties of the Fiscal Assistant Secretary.  I urge you to immediately remove Mr. Krause from this position and appoint a nonpartisan career expert, as I requested in my letter dated February 3. 

    Mr. Krause, an unqualified partisan “special government employee,” was installed by Elon Musk in the Treasury Department earlier this year.  Currently, he is the top government official responsible for paying the Nation’s bills on time, including Social Security, Medicare, and tax refunds.  He is also responsible for managing the Nation’s finances to remain under the debt limit while the Treasury Department is using extraordinary measures to avoid a catastrophic breach.  He is also in charge of the system for auctioning U.S. government bonds.  As you know from your long career on Wall Street, Treasuries are the benchmark for how much money Americans are charged for a mortgage or a credit card.  A seasoned and nonpolitical expert should be at the helm to ensure the fair, impartial, and responsible administration of public funds. 

    As a “special government employee,” Mr. Krause is reportedly performing his public duties while remaining in charge of his private company.  According to a trade publication, he emailed employees at his company on February 5 that his Treasury post is “in addition to my duties as CEO of Cloud Software Group.”  At the very least, the American people deserve someone’s undivided attention for this job.

    Given your choice to give this job to a partisan who will apparently be working part time, the buck stops with you if there is any interruption to Treasury’s ability to pay Americans the money they are owed, make interest payments on the debt, or auction Treasury securities.

                   

    I request your commitment, no later than February 11, 2025, to remove Mr. Krause as the Fiscal Assistant Secretary and instead appoint a qualified individual who will work for the American people on a full-time basis.  Thank you for your attention to this important matter.

                                                                                   

    Sincerely,

    MIL OSI USA News –

  • MIL-OSI China: Announcement on Open Market Operations No.24 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.24 [2025]

    (Open Market Operations Office, February 8, 2025)

    In order to keep liquidity adequate in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB14 billion through quantity bidding at a fixed interest rate on February 8, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB14 billion

    1.50%

    Date of last update Nov. 29 2018

    2025年02月08日

    MIL OSI China News –

  • MIL-OSI Economics: Barclays tech outage highlights legacy banking system risks amid rising digital competition, says GlobalData

    Source: GlobalData

    Barclays tech outage highlights legacy banking system risks amid rising digital competition, says GlobalData

    Posted in Banking

    Barclays, British multinational universal bank, faced a severe 48-hour technical outage (31 January-2 February), disrupting payments and online banking for millions of UK customers. The incident underscores the persistent vulnerabilities of legacy banking systems, despite substantial ICT investments. As digital-native challengers redefine industry standards, traditional banks must accelerate transformation or risk losing relevance in an increasingly competitive financial landscape, says GlobalData, a leading data and analytics company.

    GlobalData’s report, “Barclays Plc – Digital Transformation Strategies,” reveals that the UK’s second-largest bank’s ICT budget in 2023 was estimated at over $1 billion. The duration and severity of last weekend’s technical issue will raise questions about the effectiveness of this significant investment.

    Jonathan Vaughan Burleigh, Associate Analyst, Banking and Payments at GlobalData, comments: “The severity of this outage  highlights the need for real transformation in digital operations. Simply spending over $1 billion per year on ICT is clearly not enough to guarantee reliability in a digital banking platform. Banks must begin to completely overhaul outdated systems to keep up with the consumer expectations in the modern banking landscape.”

    Despite the funding allocated for Barclays’ digital transformation, data from GlobalData’s Financial Services Consumer Survey 2024* reveals that the bank’s customers rated their digital satisfaction below the market average. Barclays is not an outlier in this metric. Many of the largest traditional banking providers rank near the bottom, with Lloyds Bank being the only one of the top five largest banks rated above average.

    Vaughan Burleigh continues: “Established ‘traditional’ banks are struggling to adapt their digital platforms to keep up with rapidly changing consumer preferences. It is no coincidence that digital-only banks such as Starling and Monzo rank far above the market average, while banks still operating on legacy technology perform poorly in digital satisfaction. Banks that are digitally native are far more agile. They can resolve issues more quickly, respond to customer preferences with new products, and provide a strong digital offering for their growing consumer bases.”

    The need for traditional banks to abandon legacy technology and embrace a digital-first approach extends beyond avoiding technical issues and service outages. While this glitch will certainly damage Barclays’ reputation, the more pressing concern is future customer acquisition and retention.

    According to GlobalData’s Competitor Benchmarking Analytics 2024, the key determinants of a bank’s NPS in the UK include personalized experiences, competitively priced products and services, the ability to resolve minor issues online, and the omnichannel nature of the bank’s services. Digital-native banks have become market leaders in these areas, developing new capabilities ahead of larger, traditional players.

    Vaughan Burleigh concludes: “The banking landscape has shifted significantly since digital challengers gained popularity. Consumers now expect advanced online capabilities, such as personalized insights and financial education, as basic features of bank accounts. If historically dominant players like Barclays fail to revolutionize their online banking offerings immediately, digital only banks will not only capture the young consumers entering the market but also convince more mature users to abandon sluggish providers in favour of innovative and agile competitors.”

    *GlobalData’s 2024 Financial Services Consumer Survey was conducted online in Q2 2024 and had 67,000 respondents across 41 countries, of which 5,003 are from the UK.

    MIL OSI Economics –

  • MIL-OSI Economics: Channel 4 dominates 30th Annual Broadcast Awards 2025 with eight wins

    Source: GlobalData

    Channel 4 dominates 30th Annual Broadcast Awards 2025 with eight wins

    Posted in MBI

    London, United Kingdom, 07 February 2025 – The Broadcast Awards 2025 celebrated its 30th anniversary on Wednesday night in a star-studded ceremony at JW Marriott Grosvenor House Hotel on Park Lane, London, where Channel 4 led the night with an impressive eight wins. The event was organised by Media Business Insight (MBI) Ltd, a GlobalData company.

    Marking three decades of celebrating excellence in British television, the event gathered over 1,250 industry professionals to honour the best in TV programmes, talent, and channels.

    In a special moment to commemorate the 30th anniversary, the iconic BBC series ‘Gavin & Stacey’ was awarded the prestigious Hall of Fame award, a new category introduced this year to celebrate enduring contributions to British television. James Corden accepted the award on behalf of the series, joined by industry luminaries and celebrity guests including Alan Carr, Vicky Pattison, Susanna Reid, Kate Garraway and Pete Wicks who celebrated the series’ legacy and impact.

    Other notable highlights included:

    • ITV1 being crowned Channel of the Year
    • ‘Traitors’ indie Studio Lambert landing Best Independent Production Company for the second year running and Best Entertainment Programme for Netflix’s ‘Squid Game: The Challenge’ (co-produced by The Garden)
    • ITV’s gangbuster real-life drama ‘Mr Bates vs the Post Office’ winning both Special Recognition Award and the dock10 TV Moment of the Year

    For a full list of the 2025 winners and highlights from the 30th anniversary celebration, visit: Broadcast Awards.

    Comedian Sue Perkins returned to host the event, bringing her trademark wit and humour to a packed room of industry leaders for a brilliant evening of celebration.

    Chris Curtis, Editor in Chief at Broadcast of MBI, comments: “It was fantastic to celebrate the 30th anniversary of the Broadcast Awards by recognising the very best programming of the last 12 months. During a challenging period for the sector, British creative flair and production excellence have really come to the fore, and the awards night was a celebration of everything that is good about our industry.

    ‘Mr Bates vs the Post Office’ changed government policy, ‘Gavin & Stacey’ is one of the most beloved series of all time, and the hard work and brilliance of colleagues across the sector is ensuring that the next generation of programming will be just as groundbreaking.”

    The awards are judged by a specially selected panel of the leading industry figures, celebrating a year of groundbreaking and inspiring content.

    The Broadcast Awards 2025 were supported by Access Bookings, Barclays, BBC Studioworks, BMC TV, dock10, EMG/Gravity Media, ES Broadcast, Garden Studios, Iron Mountain Media & Archival Services, Maidstone Studios, Moments Lab, NEP, Pinewood TV Studios, Race Tech, Sargent-Disc, The Complete Camera Company and VERSA Studios.

    MBI is the publisher of market-leading titles including Broadcast, Broadcast Sport, Broadcast Tech, KFTV, The Knowledge and Screen International.

     

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Presidential Office thanks US and Japan for joint leaders’ statement

    Source: Republic of China Taiwan

    Details
    2025-01-31
    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
    2025-01-31
    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
    2025-01-31
    President Lai meets delegation to 60th Inaugural Ceremonies of US president and vice president
    On the morning of January 16, President Lai Ching-te met with Taiwan’s delegation to the 60th Inaugural Ceremonies of the President and Vice President of the United States. In remarks, President Lai stated that democratic Taiwan stands united, working hard to deepen Taiwan-US ties together. He then entrusted the delegation with three missions: to convey best wishes from the people of Taiwan, convey our firm commitment to democracy, and help Taiwan-US relations reach a new milestone. A translation of President Lai’s remarks follows: The 60th Inaugural Ceremonies of the President and Vice President of the US will be held on January 20. I want to thank Speaker Han Kuo-yu (韓國瑜), president of the Legislative Yuan, for accepting my invitation to lead our nation’s representative delegation to the event. I also thank Legislative Yuan Members Ko Chih-en (柯志恩), Wang Ting-yu (王定宇), Ko Ju-chun (葛如鈞), Lee Yen-hsiu (李彥秀), Chen Kuan-ting (陳冠廷), Kuo Yu-ching (郭昱晴), and Chen Gau-tzu (陳昭姿) for joining this visit to the US to attend the inauguration of President Donald Trump and Vice President J.D. Vance. We have gathered together today despite differences in party affiliation because in democratic Taiwan, while parties may compete domestically, when it comes to engagement externally, they stand united and share responsibility, working hard to deepen Taiwan-US ties and strive for the best interests of the nation. We share the value of defending freedom and democracy, and we share the goal of advancing peace and prosperity. Today, we engage with the world together as those from the same country – the Republic of China (Taiwan). In this complex and volatile new international landscape, and as the nation faces difficulties and challenges, I want to stress that in Formosa, there is no hostility that cannot be let go, and no hardship that cannot be overcome. Unity is the most important, and I hope that Taiwan can stand united, because there is true strength in unity. Democratic Taiwan must stand united in engaging with the world and initiate exchanges with confidence. On that ground, I am entrusting this delegation with three key missions. First, convey best wishes from the people of Taiwan. Just last year, Taiwan and the US celebrated the 45th anniversary of the passage of the Taiwan Relations Act. And on May 20, the US sent a senior bipartisan delegation to congratulate me and Vice President Bi-khim Hsiao on our inauguration. As the leader of this cross-party delegation, Speaker Han must clearly convey the well-wishes of the people of Taiwan, congratulate President Trump and Vice President Vance on their inauguration, and wish success to the new administration and prosperity to the US. Second, clearly convey the firm commitment of the people of Taiwan to democracy. The theme of these inaugural ceremonies is “Our Enduring Democracy: A Constitutional Promise.” Taiwan and the US share the universal value of democracy and are staunch allies. I hope that the delegation can faithfully convey the firm commitment to democracy that the people of Taiwan have, which will not change even in the face of authoritarian threats. Taiwan is willing to stand side by side with the US and other members of the democratic community to defend the sustainable development of global democracy and prevent the expansion of authoritarianism. Third, help Taiwan-US relations reach a new milestone. In recent years, Taiwan-US relations have continued to grow, with the first agreement under the Taiwan-US Initiative on 21st Century Trade having formally taken effect last month. This morning, the House of Representatives also passed the US-Taiwan Expedited Double-Tax Relief Act. I hope that the delegation can help Taiwan-US relations reach a new milestone through these exchanges so that our relations continue to grow, our cooperation expands even more, and so that we can achieve even greater success after the new administration takes office. Four years ago, Taiwan’s representative to the US inaugural ceremonies was Vice President Hsiao, who was then our representative to the US. Everyone has a lot to learn from her. I have specially invited everyone here to converse so that you can draw from Vice President Hsiao’s experience and ensure an even smoother visit. Washington, DC was also hit by a rare blizzard recently, and the weather has been very cold, so make sure to stay warm. I am sending everyone off with hand warmers and thermoses so that you can bring some warmth from Taiwan with you on your journey. And I ask that Speaker Han exercise his wisdom to help generate some warmth between the ruling and opposition parties through cooperation, which they can then bring back to Taiwan. Let us unite to give our all for diplomacy so that we can unite to give our all for Taiwan. I wish the delegation a smooth and safe trip, and hope your missions can be carried out successfully. Speaker Han then delivered remarks, stating that it was an honor to be invited by President Lai to organize a delegation to represent our nation at the 60th Inaugural Ceremonies of the President and Vice President of the US in Washington, DC, and express the Republic of China’s sincere and cordial best wishes. The Legislative Yuan’s president has assumed this important task numerous times in the past, he said, not only to represent the government of the Republic of China, but also to take on the mission of conveying the voices of 23 million people. He went on to say that he is honored to take up the baton, lead eight legislators to the US to attend this celebration that will attract global attention, and express sincere best wishes to newly elected President Trump, Vice President Vance, and the new administration’s team. As enjoined by President Lai, he hopes the delegation’s trip will help open a new chapter in Taiwan-US exchanges. Speaker Han stated that the US is the most free and democratic country in the world. He noted that in 1776 in the US Declaration of Independence, founding father Thomas Jefferson propounded the concept of “unalienable rights,” and emphasized that the people have a right to freedom and the pursuit of happiness, democratic ideas that have long been rooted in the people’s hearts. Today, he said, democracy is also embedded in the DNA of Taiwan’s 23 million people, and this hard-won democratic achievement is a result of the concerted efforts of our pioneering predecessors, thinkers, and activists over the past 100 years. Speaker Han stated that during this visit, the Legislative Yuan delegation hopes to convey the voice of Taiwan as a democratic country. Taiwan’s security, he said, is like the four legs of a table: The first leg is defending the Republic of China, the second is defending freedom and democracy, the third is maintaining Taiwan-US relations, and the fourth is maintaining cross-strait peace. The delegation will travel to the US amidst severe cold weather to show that we value our relationship with the US, and our citizens have great hopes and expectations. Speaker Han stated that this will be a cross-party delegation of eight legislators, all of whom have a strong sense of mission. He hopes that all democratic nations will acknowledge Taiwan’s importance, and pay attention to Taiwan’s 23 million people. The delegation, he said, will do its utmost to convey the goodwill and warmth that the people of Taiwan give to each and every one of our good friends.

    Details
    2025-01-31
    President Lai confers decoration on former Lithuanian Foreign Minister Gabrielius Landsbergis
    On the morning of January 14, President Lai Ching-te conferred the Order of Brilliant Star with Special Grand Cordon upon former Minister of Foreign Affairs Gabrielius Landsbergis of the Republic of Lithuania in recognition of his remarkable contributions to deepening Taiwan-Lithuania relations. In remarks, President Lai thanked former Minister Landsbergis for standing firmly with Taiwan and remaining a staunch defender of democratic values, yielding fruitful cooperative results. The president expressed hope that the two countries will engage in even more cooperation and exchanges in such areas as the economy, trade, technology, and culture, and continue to advocate for the values of freedom and democracy so that together we can contribute even more to our nations’ development and to peace and prosperity throughout the world. A translation of President Lai’s remarks follows: Today, by conferring the Order of Brilliant Star with Special Grand Cordon upon former Minister Landsbergis, we recognize his outstanding contributions during his time as foreign minister of Lithuania. On behalf of the people of Taiwan, I thank him for the key role he has played in deepening Taiwan-Lithuania relations. During the COVID-19 pandemic, thanks to the efforts of former Minister Landsbergis, Lithuania was the first European nation to donate vaccines to Taiwan. On that occasion, he stated that “freedom-loving people should look out for each other.” His statement was very moving and left a deep impression on many Taiwanese people. We will never forget it. Former Minister Landsbergis has continued to express the spirit of those words through his concrete actions. With his staunch support, Taiwan and Lithuania have mutually established representative offices. Moreover, our representative office in Lithuania was the first in Europe to incorporate “Taiwan” in its name. As for bilateral cooperation, Taiwan and Lithuania have seen fruitful results in such fields as semiconductors, laser technology, finance, and medicine. Be it overcoming the challenges posed by the pandemic or resisting expanding authoritarianism, former Minister Landsbergis has stood firmly with Taiwan and remained a staunch defender of democratic values. We greatly admire and appreciate his spirit. Today, authoritarian regimes continue to converge, posing threats and challenges to democracies around the world. Taiwan, Lithuania, and other democratic countries must come closer together, drawing on the strength of unity, so as to jointly safeguard freedom and democracy and uphold the rules-based international order. Looking ahead, we hope that Taiwan and Lithuania will engage in even more cooperation and exchanges in such areas as the economy, trade, technology, and culture. Let us continue to advocate for the values of freedom and democracy. Together, we can contribute even more to our nations’ development and to peace and prosperity throughout the world. In closing, I once again thank you, former Minister Landsbergis, for your support and for all that you have done for Taiwan. We welcome you and your wife to visit often. I wish you both a smooth and successful visit in Taiwan, and hope you leave with lasting memories.    Former Minister Landsbergis then delivered remarks, saying that it is a great honor to receive the decoration today. He noted that only partially can he accept the honor, as there have been many people who worked together with him in the ministry and in the whole country who support the people of Taiwan and see the benefit of supporting democracy in Taiwan. He often says that in Lithuania they remember well the fight for their freedom, and just today, he mentioned, he was shown the permanent exhibition in the Presidential Office, where he saw similar pictures of Taiwanese people fighting for democracy. He emphasized that not even one generation has passed since these events took place here in Taipei or similar events took place in Vilnius. Former Minister Landsbergis said that decision-makers in the Lithuanian government are either people who were themselves fighting for freedom, or, as in his case, those who were sitting on the shoulders of parents who were fighting for freedom. So for them, he underlined, freedom, democracy, liberty, and sovereignty are very real concepts that they cherish, not just things read about in a history book. He said that this is the main connector between Lithuania and Taiwan, a feeling of freedom and support for each other. Former Minister Landsbergis stated that in the face of authoritarians who do not wish us prosperity, who do not wish us freedom and future achievements, what he expects from the future is that the friendship, collaboration, and mutual support between Lithuania and Taiwan will inspire others to join in. This, he said, will make other countries not be afraid to support freedom and democracy, and will allow our group of friends to continue to grow. Lithuanian history, the former minister said, is difficult, and a big part of it was fighting for their freedom. He explained that during the 19th century when Lithuania was part of Russia’s empire, they had several revolutions and uprisings with the aim of becoming free, and that they were fighting for that freedom alongside Poland and Belarus. He then applied a phrase that they used in the revolution of 1864 – “for your freedom and ours,” meaning that they will continue to fight for their freedom while helping Taiwan fight for ours. Also in attendance at the ceremony were former Minister Landsbergis’ wife Dr. Austėja Landsbergienė and Lithuanian Representative to Taiwan Paulius Lukauskas.

    Details
    2025-01-31
    Presidential Office thanks White House for its statement on enduring US commitment to Indo-Pacific region
    On January 10 (US EST), the US White House released a statement on the United States’ Enduring Commitment to the Indo-Pacific Region, in which it reaffirms its position of using a range of methods to help Taiwan maintain a sufficient self-defense capability so as to maintain peace and stability in the Indo-Pacific region and across the Taiwan Strait. Presidential Office Spokesperson Karen Kuo (郭雅慧) on January 11 expressed sincere gratitude to the US government for taking concrete actions to fulfill its security commitments to Taiwan, advancing the close Taiwan-US security partnership, and supporting Taiwan in its efforts to enhance its self-defense capabilities and resilience. Spokesperson Kuo stated that the deepening Taiwan-US security partnership is a critical cornerstone for peace and stability in the Indo-Pacific region. She noted that Taiwan, as a force for good and regional stability, will continue to work alongside like-minded countries to strengthen defense resilience as we jointly defend the values of freedom and democracy and ensure the peace, stability, and prosperity of the Indo-Pacific region.

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

    MIL OSI Asia Pacific News –