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Category: Business

  • MIL-OSI China: Announcement on Open Market Operations No.105 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.105 [2025]

    (Open Market Operations Office, June 5, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB126.5 billion through quantity bidding at a fixed interest rate on June 5, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB126.5 billion

    RMB126.5 billion

    Date of last update Nov. 29 2018

    2025年06月05日

    MIL OSI China News –

  • MIL-OSI: The last day of trading in unit rights in Terranet’s rights issue

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

    Today, June 5, 2025, is the last day of trading in unit rights issued in connection with Terranet AB’s (“Terranet” or the “Company”) rights issue of units which the Board of Directors resolved on April 16, 2025, and was approved by the annual general meeting on May 23, 2025 (the “Rights Issue”). Unit rights that are not sold or used for subscription will expire worthless.

    Summary of the Rights Issue:

    • The Rights Issue comprises a maximum of 13,880,714 units. One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The warrants are issued free of charge.
    • The subscription price per unit in the Rights Issue is SEK 1.08 per unit, corresponding to SEK 0.09 per B-share. Upon full subscription, the Rights Issue will provide Terranet with approximately SEK 15 million before deduction of issue costs.
    • The right to subscribe for units in the Rights Issue shall, with preferential rights, be granted to shareholders in proportion to the number of shares they already own, where one (1) existing share entitles the holder to one (1) unit right, and eighty-six (86) unit rights entitle the holder to subscribe for one (1) unit.
    • The last day of trading in Terranet’s B-shares including the right to receive unit rights in the Rights Issue was April 25, 2025. The B-shares will be traded excluding the right to receive unit rights from April 28, 2025.
    • The subscription period for the Rights Issue runs from May 27, 2025, up to and including June 11, 2025.
    • The Rights Issue is covered by subscription commitments of approximately SEK 35.2 thousand, corresponding to 0.2 percent of the Rights Issue, and underwriting commitments of approximately SEK 15 million, corresponding to approximately 99.8 percent of the Rights Issue. Thus, the Rights Issue is covered to 100 percent by subscription commitments and underwriting commitments.

    Preliminary timetable for the Rights Issue

    May 27, 2025 – June 5, 2025 Trading in unit rights
    May 27, 2025 – June 11, 2025 Subscripition period
    May 27, 2025 – June 30, 2025 Trading in paid subscribed units (BTU)
    June 13, 2025 Preliminary date for publication of the outcome in the Rights Issue

    Advisers
    Mangold Fondkommission AB is the financial advisor to Terranet in connection with the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Rights Issue.

    For more information, please contact:
    Dan Wahrenberg, CFO
    E-mail: dan.wahrenberg@terranet.se

    About Terranet AB (publ) 

    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B).

    Follow our journey at: www.terranet.se

    Certified Adviser to Terranet is Mangold Fondkommission AB.

    Important information
    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.

    This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

    Attachment

    The MIL Network –

  • MIL-Evening Report: Victorian principals will soon be able to expel students for out-of-school behaviour – is this a good idea?

    Source: The Conversation (Au and NZ) – By Paul Kidson, Associate Professor in Educational Leadership, Australian Catholic University

    Getty Images/ Javier Zayaz

    When does a school’s responsibility for student behaviour end? Is it at 3pm when the bell goes? Or does a school still have to respond to harmful behaviour after hours?

    The Victorian government has announced new powers for government school principals to suspend or expel students for serious misbehaviour beyond the school grounds. The powers will begin in July, from the beginning of term 3.

    The state government says this will “address concerns around harmful behaviour that happens outside school hours […] but affects student and staff safety”.

    The new powers have a particular focus on online safety and follow similar moves in South Australia and New South Wales.

    What does this mean for schools and students?

    A blurry line

    The line between when “school” starts and finishes is blurry. Anti-social activities and their impacts don’t neatly fall at a convenient time or location.

    Cyberbullying – using the internet to be mean to a child or young person – has grown insidiously over the past decade and frequently takes place outside of the school grounds and after hours. This now includes deepfakes and AI-generated images.

    But the impacts of cyberbullying are very much felt during school hours. Bullying can lead to decreased academic performance – even in primary school. It can also lead to fractured social relationships. So schools are deeply involved. They may need to provide additional academic and welfare support for the student, as well as manage any social tensions and flare-ups on campus.

    As the eSafety Commission has warned, teachers can also face online abuse from students.

    So school leaders are needing to support both student and staff mental health.

    A changing legal climate

    But it’s not just online actions that blur the lines. In 2024, the NSW Supreme Court ruled in a case of an assault by a group of students against a 14-year-old student.

    Although the attack took place outside the school grounds, after the final bell, the court determined the NSW public high school had a duty “beyond the confines of the school boundaries and outside of its operating hours”. In part, this was based on previous known violence from one of the perpetrators.

    Schools now exist in a dynamic and complex set of ecosystems and the new Victorian powers acknowledge and respond to this reality.

    What does it mean for principals?

    For some school leaders, there may be relief they can deal with the consequences of the most severe and destructive actions. This could include online harassment or recent incidents such as rating students’ physical appearances.

    For others, there may be concerns this will add to their already stretched and pressured workloads.

    Research including the annual survey I run with colleagues, shows being an Australian school leader takes an ongoing emotional toll. The work often involves dealing with violence and abuse.

    Expelling kids should be a very last resort

    As a community, we can all agree schools should be places that are safe and free from violence of any kind.

    But the removal of any student from a school signals a series of breakdowns. This is why schools have policies and procedures to try and resolve these issues positively before the consequences become more severe. Schools will normally use intervention strategies such as counselling, behaviour monitoring and formal cautions before suspension emerges as a possibility. Sadly, these do not always result in changed behaviour.

    As consequences escalate, so too do their impacts.

    Students who begin to disengage from their learning can get caught in a spiral of increasing disengagement, leading to repeat instances of suspension and then expulsion. This can then chart a distressing path for some towards incarceration.

    So we need to focus on strategies which reduce this pathway.

    This includes initiatives that boost students’ engagement at school such as those in the Better and Fairer Schools Agreement (part of the new funding agreement between the federal and state governments). We also need funds to increase counsellors and psychologists in schools.

    Being able to expel students for out-of-school behaviour will help manage some of the symptoms of poor student behaviour. But unless the underlying causes are also addressed, expulsion will not resolve the issues – and ultimately transport the problem to another community.

    Paul Kidson 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 principals will soon be able to expel students for out-of-school behaviour – is this a good idea? – https://theconversation.com/victorian-principals-will-soon-be-able-to-expel-students-for-out-of-school-behaviour-is-this-a-good-idea-258188

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: SPC Jun 5, 2025 0600 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 050547

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1247 AM CDT Thu Jun 05 2025

    Valid 051200Z – 061200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS ACROSS PORTIONS OF
    THE CENTRAL AND SOUTHERN PLAINS…

    …SUMMARY…
    Scattered severe thunderstorms are expected across the High Plains
    from southwestern Kansas into west Texas. A few tornadoes, large to
    isolated very large hail, and severe gusts are possible.

    …Central/Southern High Plains…

    Large-scale pattern is not forecast to change appreciably during the
    day1 period as broad upper ridging holds across northeast Mexico
    into the lower MS Valley. Along the northern periphery of this
    feature, a few weak disturbances are forecast to translate across
    the southwestern U.S. into the southern/central High Plains region.
    Each of these features should encourage potentially robust, deep
    convection.

    Early this morning, a notable MCS has evolved over the TX Panhandle.
    This complex has been partly aided by a low-amplitude short-wave
    trough that will translate into eastern KS/OK later today. While
    this convection is currently well-organized, with time this activity
    should gradually weaken downstream over western OK/northwest TX. Of
    potential concern will be the influence on boundary-layer stability
    and the position of convective outflow boundaries. If the MCS
    continues as currently anticipated, a possible demarcation in
    buoyancy may extend across the TX South Plains into far eastern NM
    by peak heating. Remnant outflow will likely serve as the focus for
    robust convection later this afternoon as temperatures warm into the
    mid 80s-lower 90s, west and south of the outflow. Forecast soundings
    along this corridor exhibit strong deep-layer shear and substantial
    0-3km SRH. Supercells should develop across the southern High Plains
    and very large hail may accompany these robust updrafts.
    Additionally, profiles appear favorable for tornadoes, especially if
    the aforementioned convective outflow maintains some identity.

    A secondary area of potential convective concentration will be
    across southeast CO into southwest KS. Models suggest strong
    boundary-layer heating will develop across northeast NM into the
    western OK Panhandle, just south of a secondary weak frontal zone
    that should drape itself across this region. Supercells should
    easily develop along this boundary then possibly grow upscale into a
    larger complex of storms as it spreads downstream along the KS/OK
    border after sunset. All hazards are possible with this activity,
    but any tornado threat will likely be concentrated with more
    isolated supercells early in the convective evolution.

    …Elsewhere…

    High-PW plume currently stretches across the lower MS Valley-OH
    Valley-lower Great Lakes-southeast Canada. Scattered convection will
    readily develop along this corridor, juxtaposed along a weak frontal
    zone. Poor lapse rates should limit updraft strength, but some risk
    for an isolated severe wind gust does exist.

    ..Darrow/Wendt.. 06/05/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    NOTE: THE NEXT DAY 1 OUTLOOK IS SCHEDULED BY 1300Z

    MIL OSI USA News –

  • Buddha’s sacred relics arrive in Sarnath to ceremonial welcome

    Source: Government of India

    Source: Government of India (4)

    The sacred relics of Lord Buddha arrived in Sarnath on Tuesday, welcomed with traditional chants and official honours as hundreds of monks and devotees gathered at the Mulagandha Kuti Vihar.

    The relics, which began their journey from the National Museum in New Delhi, were flown to Varanasi and then transported to Sarnath in a ceremonial procession. The District Magistrate of Varanasi, Satyendra Kumar, along with the Senior Superintendent of Police and other dignitaries, received the relics at the VIP Lounge of Varanasi airport before accompanying them to the final site.

    The Uttar Pradesh Police presented a guard of honour, while NCC cadets and a ceremonial band participated in the welcome. Devotees, including a large number of Buddhist monks and nuns, had assembled at the vihar to pay their respects.

    Speaking at the event, Most Venerable Seewali Bhante recalled his recent visit to Vietnam, where the relics were previously displayed, and described the widespread public reverence he witnessed during the month-long exposition.

    Officials from the International Buddhist Confederation, National Museum representatives, and senior monks were also present. The procession and public homage underscore the significance of Sarnath—a site where the Buddha delivered his first sermon—as a centre of global Buddhist pilgrimage.

    The event is part of a broader initiative to strengthen cultural and spiritual ties among Buddhist communities worldwide.

  • MIL-OSI: Planisware expands into Belgium to support the sustained growth of its business in the Benelux region

    Source: GlobeNewswire (MIL-OSI)

    Planisware expands into Belgium to support the sustained growth of its business in the Benelux region

    Paris, France, June 5, 2025 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, continues its international expansion with the opening of a new office in Belgium.

    Planisware has been present in the Benelux region for several years, through projects carried out for leading clients such as Galapagos, KLM, Philips, and Engie, and is now consolidating its position in this strategic, fast-growing market. In particular, the Group has seen a sharp increase in its business in this market, with revenue doubling over the last four years, testifying to the relevance of its expertise and the confidence of its customers.

    This new location is primarily intended to strengthen proximity to Planisware’s customers and other economic players in the Benelux region (Belgium, the Netherlands and Luxembourg), a dynamic market that is home to around 1,200 target companies, nearly half of which having annual revenue in excess of one billion euros, particularly in high-growth sectors such as manufacturing (chemicals, food processing and industrial equipment), retail and financial services.

    With this new location, Planisware strengthens its proximity to customers and its expertise in local challenges. With its enhanced visibility, Planisware will be able to accelerate new signatures and sustainably support the Group’s growth in the region.

    Loïc Sautour, CEO of Planisware, commented: “We are proud to announce Planisware’s arrival in Belgium, which marks a key milestone in our continued expansion in Europe. It will strengthen our existing customer base while supporting our growth in the region. Over the years, we have built up a solid network of partners and customers in the Benelux, and this subsidiary is a natural fit with this dynamic. It will also create local jobs and strengthen our ties with all market players.”

    “International expansion has been at the heart of our growth strategy since Planisware’s launch,” says co-founder Yves Humblot. “Today, Benelux is emerging as a key region in our roadmap: it’s an ecosystem recognized for its culture of innovation and operational excellence.”

    Planisware’s new subsidiary in Belgium will be headed by Benoît Soulier (46). With over seven years’ experience in project management at Planisware, he brings solid expertise in the management of complex portfolios and projects, particularly in the pharmaceutical, industrial and public sectors. He has worked with companies such as UCB, Eurocontrol and the Walloon Public Service (SPW) in Belgium, as well as BDR Thermea in the Netherlands. Before joining Planisware, he spent four years at Sopra Group, where he contributed to the deployment of numerous complex projects. Benoît Soulier holds a degree in computer engineering from Telecom Nancy.

    Contact

    Investor Relations: Benoit d’Amécourt

    benoit.damecourt@planisware.com
    +33 6 75 51 41 47

    Media: Brunswick Group
    Hugues Boëton / Tristan Roquet Montégon
    planisware@brunswickgroup.com
    +33 6 79 99 27 15 / +33 6 37 00 52 57

    About Planisware

    Planisware is a leading business-to-business (“B2B”) provider of Software-as-a-Service (“SaaS”) in the rapidly growing Project Economy. Planisware’s mission is to provide solutions that help organizations transform how they strategize, plan and deliver their projects, project portfolios, programs and products.

    With circa 750 employees across 18 offices, Planisware operates at significant scale serving around 600 organizational clients in a wide range of verticals and functions across more than 30 countries worldwide. Planisware’s clients include large international companies, medium-sized businesses and public sector entities.

    Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, ticker symbol “PLNW”).

    For more information, visit planisware.com and connect with Planisware on LinkedIn.

    Attachment

    The MIL Network –

  • MIL-OSI: Point and Funds Managed by Blue Owl Capital Close Oversubscribed $248 Million Home Equity Investment Rated Securitization

    Source: GlobeNewswire (MIL-OSI)

    Palo Alto, California, June 05, 2025 (GLOBE NEWSWIRE) — Point, the leading home equity investment platform making homeownership more valuable and accessible, and funds managed by Blue Owl Capital (“Blue Owl”) announced today that they have completed a rated securitization of Point’s Home Equity Investment (“HEI”) assets, issuing $248.6 million of rated asset-backed securities (the “Transaction”). The Transaction is Point’s fourth rated securitization and fifth overall.

    The Transaction closed on May 23, 2025. The issuer, Point Securitization Trust 2025-1, issued $162.2 million of senior class A-1 securities rated A (low) (sf), $35 million of mezzanine class A-2 securities rated BBB (low) (sf), $28.3 million of subordinate class B-1 securities rated BB (low) (sf), and $23.1 million of subordinate class B-2 securities rated B (high) (sf) (retained), all rated by Morningstar DBRS. A portion of the notes were acquired by accounts managed by an affiliate of Blue Owl. The Transaction drew significant interest from both new and repeat institutional investors, resulting in the Transaction being more than 8x oversubscribed. Co-sponsoring the Transaction with a subsidiary of Blue Owl, Point was the originator of all the HEIs in the securitization and will continue to service the assets.

    “This past year has been transformative—for Point and for the entire HEI space,” said Eddie Lim, co-founder and CEO of Point. “Investor demand has never been stronger, and the performance of our deals continues to outperform expectations. Our latest securitization was met with overwhelming enthusiasm, reinforcing that HEIs aren’t just gaining traction—they’re reshaping how homeowners access equity. We’re just scratching the surface of what’s possible.”

    Over the past 18 months, the rated securitization space for HEIs has entered a new phase of maturation. With multiple HEI-backed deals successfully rated, the asset class is seeing increased institutional recognition and investor confidence, with issuance volume doubling and the number of transactions tripling in 2024 alone[1]. According to Finsight[2], HEI-backed deals totaled $936 million across five transactions last year—up significantly from prior years. These transactions have helped set important benchmarks for credit quality, structure, and performance, signaling a shift from emerging to established within the alternative housing finance landscape.

    “The Blue Owl Alternative Credit team and Point have a longstanding relationship dating back to 2018, and we are excited to continue our partnership with the Point team,” said Ivan Zinn, Head of Alternative Credit at Blue Owl. “This marks the second Point transaction that Blue Owl has co-sponsored, and we look forward to doing many more together. The success of this transaction is a testament to the Point platform and validates the thesis that HEIs will continue to be a growing asset class.” 

    Barclays Capital Inc. (“Barclays”) was the sole-structuring agent for the issuance. Barclays, Citigroup Global Markets Inc., and Nomura Securities International Inc. were joint bookrunners on the Transaction, and East West Markets, LLC and Cantor Fitzgerald & Co. were co-managers on the Transaction.

    About Point

    Point is the leading home equity platform making homeownership more valuable and accessible. Point’s flagship product, the Home Equity Investment (HEI), empowers homeowners to unlock their equity to eliminate debt, get through periods of financial hardship, and diversify their wealth – without adding to their monthly expenses. Point has worked with more than 15,000 homeowners, unlocking more than $1.5 billion in home equity. Point’s HEI enables investors to access a previously untapped asset class – owner-occupied residential real estate. Founded in 2015 by Eddie Lim, Eoin Matthews, and Alex Rampell, Point is backed by top investors, including Westcap, Andreessen Horowitz, Ribbit Capital, Greylock Partners, Bloomberg Beta, Blue Owl Capital, Alpaca VC, and Prudential. The company is headquartered in Palo Alto, CA. For more information, please visit www.point.com

     Blue Owl Capital
    About Blue Owl: Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With $273 billion in assets under management as of March 31, 2025, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation. 

    Together with over 1,200 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

    [1] Source: https://www.hel.news/articles/mbs/q4-issuance-010225

    [2] Source:

    https://www.globalcapital.com/securitization/article/2egjdeyqx5732y19mm8sg/securitization/rmbs-us/hei-nears-tipping-point-as-investors-warm-on-sector?

    The MIL Network –

  • MIL-OSI Video: How Africa is harnessing tech to deliver healthcare

    Source: World Economic Forum (video statements)

    Cuts to aid budgets are having a huge impact on the delivery of healthcare in Africa, the Forum’s Lora du Moulin tells Radio Davos. The head of Africa Centres for Disease Control and Prevention, Jean Kaseya, says why tech and regional collaboration give him hope for the future of the continent and the health of its people.

    Check out all our podcasts on wef.ch/podcasts:
    YouTube: – https://www.youtube.com/@wef/podcasts
    Radio Davos – subscribe: https://pod.link/1504682164
    Meet the Leader – subscribe: https://pod.link/1534915560
    Agenda Dialogues – subscribe: https://pod.link/1574956552
    Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub

    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=9KaM6OSrQis

    MIL OSI Video –

  • Indian delegation reaffirms anti-terror resolve during high-level meetings in US

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation on Wednesday held a series of high-level meetings in Washington to underscore India’s firm stand against Pakistan-sponsored cross-border terrorism.

    After their arrival on late Tuesday, the Indian delegation began their official engagements on Wednesday, which included meetings with US Congress members, policy leaders and members of the Indian Diaspora.

    The delegation, led by Congress MP Shashi Tharoor, held discussions with the leadership of the Foreign Relations Committee of the US House of Representatives and members of the India Caucus, and later met Republican Chair of the Foreign Affairs Committee, Brian Mast, and Democratic Ranking Member Gregory Meeks, among others.

    Gregory Meeks, the Democratic Ranking Member, said, “Pleasure to host Chairman Shashi Tharoor & members of the Indian Parliamentary Standing Committee on Foreign Affairs. My colleagues & I expressed condolences for the terrorist attack in Pahalgam & reaffirmed Congress’s commitment to the US-India partnership.”

    During the interactions, the delegation briefed American lawmakers on Operation Sindoor and India’s stance against cross-border terrorism.

    According to the Indian Embassy, “The Parliamentary delegation briefed the committee members on the success of Operation Sindoor in defining a new normal in India’s fight against cross-border terrorism.”

    The US House Committee leadership condemned the recent terrorist attack in Pahalgam unequivocally, reiterating the United States’ solidarity with India.

    “India and the USA stand together in their unwavering resolve and fight against terrorism in all its forms,” said the Indian Embassy.

    The Indian parliamentarians also held talks with Congressmen Ro Khanna and Rich McCormick, co-chairs of the House India Caucus, and Senators Mark Warner and John Cornyn, co-chairs of the Senate India Caucus.

    Senator Cornyn shared on X, “Good meeting with Indian parliamentary delegation about US-India relationship.”

    Tharoor appreciated the interactions, stating, “Great to meet you and your Senate Foreign Relations Committee colleagues, Senate Rich McCormick! We greatly valued all of you finding the time for us on a busy day and expressing your solidarity with our fight against terrorism. We also appreciated your enthusiasm for greater and stronger cooperation between our countries on a wide range of areas. The potential is unlimited!”

    Congressman Ro Khanna also reiterated bipartisan support for India’s fight against terror, saying, “United States has a bipartisan commitment to the India relationship and stands with India to dismantle these terrorist networks in Pakistan.”

    Tharoor acknowledged Khanna’s support and said it was “terrific” to meet him, adding that the delegation was “grateful for the strong support of the India Caucus” in the House of Representatives.

    Later in the day, the delegation met members of the Indian diaspora.

    “The All Party delegation led by Shashi Tharoor met prominent members of the Indian diaspora in USA. The delegation spoke about India’s resolute and united stand against terrorism and the new normal created by India through Operation Sindoor. The Indian diaspora members shared their message of solidarity with the victims of terrorism and support for India’s fight against terrorism,” said the Indian embassy.

    At a news conference, Tharoor said that India received “total support and solidarity” in fighting terrorism from US lawmakers whom the delegation met on Wednesday.

    “We didn’t have a single sceptical or negative voice,” he said. “On the contrary, what we got was very, very positive responses.”

    There was “total support and solidarity for India and its fight against terrorism” and expressions of “complete understanding of India’s right to defend itself against terrorism,” Tharoor said.

    “Broadly speaking, we have left the hill very pleased with the quality of the conversations the level of interest,” he added.

    “On the hill, there was a fairly bi-partisan acceptance that as largest, vibrant, very diverse democracies, both nations together, have a lot to offer to the world. This agenda of economics is the core point,” but it also relates to “a larger, longer-term play of democracy across the world is central,” he said.

    Tharoor also urged the Indian diaspora to speak up with their members of US Congress for India.

    “They will listen to you,” he said. “They are conscious of you. They respect you. You’re all very, very high achievers, and people can do significant things. We are proud of you.”

    During the two-day visit, the Indian representatives will continue their meetings with members of the US Congress and administration, think tanks, media, and key policymakers.

    The Embassy emphasised that the delegation aims to build consensus and deepen strategic cooperation on shared security priorities.

    Apart from Tharoor, the delegation includes Lok Janshakti Party-Ram Vilas MP Shambhavi Choudhary, Jharkhand Mukti Morcha’s Sarfaraz Ahmad, Shiv Sena’s Milind Murli Deora; BJP’s Shashank Mani Tripathi, Bhubaneswar Kalita, and Tejasvi Surya; and Telugu Desam Party’s GM Harish Balayogi. Former Indian Ambassador to the US, Taranjit Singh Sandhu, is also accompanying the delegation.

    (With inputs from IANS)

  • Indian stock market opens in green amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    The domestic benchmark indices opened higher on Thursday amid mixed global cues, with buying seen in the pharmaceutical, automotive and IT sectors in early trading.

    At approximately 9:29 am, the Sensex was trading 268.8 points, or 0.33 per cent, higher at 81,267.09, while the Nifty added 82.75 points (0.34 per cent) to reach 24,702.95.

    The Nifty Bank was down 29.70 points, or 0.05 per cent, at 55,647.15. The Nifty Midcap 100 index was trading at 58,188, having risen 263.35 points (0.45 per cent). The Nifty Smallcap 100 index was at 18,398.75 after climbing 141.65 points (0.78 per cent).

    According to analysts, the Nifty ended higher on Wednesday and the India VIX fell by nearly 5 per cent, a development that bulls would have liked to see.

    “For the Nifty, 24,462 remains intact and that’s keeping optimism alive. Should this level break, the market will most likely drop to its key support at 23,800. Short-term resistance sits between 24,760 and 24,882. Globally, stock bulls have tailwinds,” said Akshay Chinchalkar, Head of Research at Axis Securities.

    Meanwhile, in the Sensex pack, Eternal, PowerGrid, M&M, HDFC Bank, HCL Tech, TCS, IndusInd Bank and Kotak Mahindra Bank were the top gainers. Conversely, Nestle India, Titan, Bajaj Finance, Tata Motors and Tech Mahindra were the top losers.

    According to analysts, both geopolitical and economic news are likely to weigh on markets in the near term.

    “The major economic news is the sharp dip in the US ISM PMI data. This indicates that the US economy is slowing down sharply. The US 10-year bond yield has declined to 4.36 per cent and, given the slowing US economy, is likely to trend lower,” according to Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.

    “This will turn out to be good for emerging markets (EMs) like India in the medium term. ‘Buy on dips’ continues to be the ideal strategy for now. Rate-sensitive stocks will be preferred in view of the expected rate cut by the RBI MPC,” said experts.

    In the Asian markets, Hong Kong, Bangkok, Seoul, China and Jakarta were trading in the green, whereas only Japan was trading in the red.

    In the last trading session in the US, the Dow Jones closed at 42,427.74, down 91.90 points (0.22 per cent). The S&P 500 ended with a gain of 0.44 points (0.01 per cent) at 5,970.81, and the Nasdaq closed at 19,460.49, up 61.53 points (0.32 per cent).

    On the institutional front, foreign institutional investors (FIIs) were net buyers, purchasing equities worth ₹1,076.18 crore on 4 June, while domestic institutional investors (DIIs) purchased equities worth ₹2,566.82 crore.

    (IANS) 

  • MIL-OSI New Zealand: A game-changer for Colin Maiden Park

    Source: Auckland Council

    Proposed development at Auckland’s Colin Maiden Park in St Johns will see a new home for domestic cricket and improved facilities for community sport.

    Ōrākei Local Board has agreed on the terms of a proposal from Auckland Cricket that will see significant upgrades at the park to support the relocation of its domestic cricket operations.

    The work includes a full upgrade of the main oval, the construction of a Cravo – a high-performance, all-weather grass training facility, the refurbishment and fit-out of the vacant office building, construction of supporting infrastructure for the hosting of domestic cricket, and upgrades to existing club and changing rooms. 

    Longer-term plans also include new multi-sport change rooms and shared club rooms for the Auckland University Cricket Club.

    “It’s taken some time to agree on an arrangement that balances the needs of high-performance and community sport,” says Ōrākei Local Board chair Scott Milne.

    “But, it’s been worth the wait and we believe this deal is a win-win situation. Auckland Cricket’s investment will deliver high performance and also allow Ōrākei Local Board to upgrade other sports fields in the area earlier than would have otherwise been possible.

    “The proposed upgrades will allow Auckland to benefit from a purpose-built venue for cricket, the likes of which Christchurch has enjoyed for many generations at Hagley Park.”

    Works are expected to begin on the main oval later this year for Auckland Cricket to be operational at Colin Maiden for the 2026/2027 season.

    This arrangement aligns with the Ōrākei Local Board Plan 2023 and its aspirations to establish multi-use sport facilities in this area.

    Auckland Cricket will be required to meet all conditions set out by the local board before works commence, including provision for the loss of hours of community sports field use

    “This is an important step towards securing a bright future for cricket in Auckland,” says Auckland Cricket Association chief executive Ian Francis.

    “There is a lot more work to do – however it is fantastic to have the support of the Local Board for what is an extremely detailed, well-considered plan to transform the existing sporting precinct at Colin Maiden Park into a modern, future-proofed community asset capable of supporting high-performance cricket.”

    In addition to providing a fit-for-purpose venue for domestic cricket and enhanced community facilities, the relocation supports a more strategic use of regional assets. It will allow Eden Park to focus on hosting international cricket and major events – a move consistent with Auckland Council’s Stadium Investment Objectives, which aim to optimise infrastructure use, support a network of complementary, multi-use venues, and improve long-term financial sustainability.

    Colin Maiden Park is a key regional sports facility, providing essential infrastructure for both grassroots and high-performance sport.  The wider precinct is currently home to Auckland Hockey, Auckland Netball, Oceania Football Confederation and Auckland Tennis.  The proposed development would further reinforce Colin Maiden Park’s role as a regionally significant sporting precinct.

    Auckland Cricket’s proposal is for the use of the park for domestic cricket only, all international cricket formats will remain at Eden Park.

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  

    Source: Republic of China Taiwan

    Details
    2025-06-03
    President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements
    On the morning of June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Hilda C. Heine of the Republic of the Marshall Islands at the Presidential Office following a welcome ceremony with military honors for her and her husband. The leaders also jointly witnessed the signing of a letter of intent for sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund. President Lai then presided over a launch ceremony for a loan program to purchase aircraft. In remarks, President Lai thanked the government and the Nitijela (parliament) of the Marshall Islands for their longstanding support for Taiwan’s international participation and for voicing staunch support for Taiwan at numerous international venues. President Lai said that Taiwan looks forward to continuing to deepen its diplomatic partnership with the Marshall Islands and build an even closer cooperative relationship across a range of fields, engaging in mutual assistance for mutual benefits and helping each other achieve joint and prosperous development to yield even greater well-being for our peoples. A translation of President Lai’s remarks follows: I once again warmly welcome President Heine, First Gentleman Thomas Kijiner, Jr., and our guests to Taiwan. During my visit to the Marshall Islands last year, I said that Taiwan and the Marshall Islands are truly a family. When Vice President Hsiao and I took office last year, President Heine led a delegation to Taiwan. It is now one year since our inauguration, and I am delighted to see President Heine once again, just as if I were seeing family arrive from afar. Through my visit to the Marshall Islands, I gained a profound sense of the friendship between the peoples of our two nations, well-demonstrated by bilateral exchanges in such areas as healthcare, agriculture, and education. And it is thanks to President Heine’s longstanding support for Taiwan that our countries have been able to further advance collaboration on even more issues, including women’s empowerment and climate change. In recent years, the geopolitical and economic landscape has changed rapidly. We look forward to Taiwan and the Marshall Islands continuing to deepen our partnership and build an even closer cooperative relationship. In just a few moments, President Heine and I will witness the signing of several documents, including a memorandum of understanding and a letter of intent, to expand bilateral cooperation in such fields as sports, education, and transportation. Taiwan will take concrete action to work with the Marshall Islands and advance mutual prosperity and development, writing a new chapter in our diplomatic partnership. I would also like to take this opportunity to express gratitude to the government and Nitijela of the Marshall Islands. In recent years, the Nitijela has passed annual resolutions backing Taiwan’s international participation, and President Heine and Marshallese cabinet members have been some of the strongest advocates for Taiwan’s international participation, voicing staunch support for Taiwan at numerous international venues. Building on the pillars of democracy, peace, and prosperity, Taiwan will continue to work with the Marshall Islands and other like-minded countries to deepen our partnerships, engage in mutual assistance for mutual benefits, and help one another achieve joint and prosperous development. I have every confidence that the combined efforts of our two nations will yield even greater well-being for our peoples and see us make even more contributions to the world. President Heine then delivered remarks, and began by conveying warm greetings of iokwe from the people and government of the Republic of the Marshall Islands to the people and government of the Republic of China (Taiwan). She said she was deeply honored to be in Taiwan for an official visit, and extended appreciation to President Lai and his government for their gracious invitation and warm welcome. President Heine stated that this year marks 27 years of diplomatic ties between our two nations, and that they are proud of this enduring friendship. This special and enduring relationship, she said, is grounded in our shared Austronesian heritage, and strengthened by mutual respect for each other’s democratic systems and our steadfast commitment to the core values of freedom, justice, and the rule of law. President Heine stated that Taiwan’s continued support has been invaluable to the people and national development of the Marshall Islands, particularly in the areas of health, education, agriculture, and climate change. She also expressed deep appreciation to Taiwan for providing Marshallese students with opportunities to study in Taiwan, and for the care extended to Marshallese who travel here for medical treatment. President Heine also announced that she would be presenting a copy of a resolution by the people and government of the Republic of the Marshall Islands reiterating their appreciation for the support provided by the people and government of the Republic of China (Taiwan), and calling on the United Nations to take immediate action to resolve the inappropriate exclusion of Taiwan’s 23 million people from the UN system. She added that she looked forward to the bilateral discussions later that day, and to continuing the important work that both countries carry out together. After the bilateral talks, President Lai and President Heine witnessed the signing of a letter of intent regarding sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund by Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Marshallese Minister of Foreign Affairs and Trade Kalani R. Kaneko. President Lai then presided over a launch ceremony for a loan program to purchase aircraft, marking the formal beginning of Taiwan-Marshall Islands air transport cooperation. The visiting delegation also included Council of Iroij Chairman Lanny Kabua, Minister of Finance David Paul, and Nitijela Standing Committee on Foreign Affairs and Trade Chair Joe Bejang. They were accompanied to the Presidential Office by Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.

    Details
    2025-06-03
    President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
    President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-05-29
    President Lai attends 2025 Europe Day Dinner
    On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

    Details
    2025-05-28
    President Lai meets US delegation led by Senator Tammy Duckworth
    On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Sánchez: Trump latest tariff tantrum threatens Apple, European allies

    Source: United States House of Representatives – Congresswoman Linda Sanchez (38th District of CA)

    WASHINGTON – Ways and Means Trade Subcommittee Ranking Member Linda T. Sánchez (D-Calif.) released the following statement in response to President Trump’s latest threats to place tariffs on the European Union (50 percent starting June 1) and Apple (25 percent if it doesn’t move operations to the United States):

    “Americans again woke up to a Trump tantrum on tariffs – this time threatening our European Union allies and singling out a major American company, Apple. 

    “His tariff chaos has already rattled our markets and put our economy at risk of a recession. He’s now further undermining our standing in Europe and attacking American innovation.

    “Congress has authority over trade, not the president. Republicans need to stop cowering to him on tariffs and reclaim our authority to put an end to this madness.”

    Background

    Ranking Member Sánchez introduced the Stopping a Rogue President on Trade Act, a bill that would turn off the global tariffs imposed on April 2, turn off the tariffs imposed by executive order for Mexico and Canada, and require congressional approval for tariffs imposed by the president. The bill has the support of all Ways and Means Democrats.

    Ways and Means Republicans also blocked her amendment in committee to the tax bill that would have ended these tariffs.

    ###

    MIL OSI USA News –

  • MIL-OSI Australia: Payments System Board Update: June 2025 Meeting

    Source: Airservices Australia

    At its meeting today, the Payments System Board discussed a number of issues, including:

    • ASX’s response following the CHESS batch failure incident in December 2024. The Board discussed ASX’s response to the RBA’s out-of-cycle assessment of ASX Clear and ASX Settlement, which required ASX to set out how it would strengthen resourcing and implement contingency arrangements for CHESS. The response did not address key parts of the issues raised in the assessment and provided insufficient detail on ASX’s plans to remediate these issues. The RBA has taken further steps to obtain this information and has now received additional details. The Board requested the staff to continue exploring regulatory options on resourcing for current CHESS and to ensure CHESS Replacement is designed with an appropriate level of resilience for critical financial market infrastructure.
    • Financial market infrastructure regulatory reforms and resolution planning. The Board welcomed progress in operationalising powers to prevent or resolve a crisis at an Australian clearing and settlement facility. The Board endorsed a public consultation on guidance that will provide stakeholders with information about when and how the RBA would generally expect to exercise its crisis resolution powers. The public consultation is expected to commence shortly.
    • The safety and resilience of Australia’s real-time gross settlement system. The Board received an update on progress against the recommendations from the March 2024 Assessment of the Reserve Bank Information and Transfer System (RITS). The update covered key areas of oversight focus, such as change management and cyber resilience, as well as updates regarding the RBA’s uplift in risk management and culture, IT controls framework, and the operating model for RITS. The Board acknowledged that while meaningful progress has been made, it is unlikely that these improvements will take full effect by the next assessment of RITS, which is scheduled for March 2026.
    • Review of merchant card payment costs and surcharging. The Board discussed various policy options stemming from its review into card payment costs and surcharging aimed to promote the public interest by supporting competition, efficiency and safety in the payments system. The RBA expects to release a consultation paper in July, which will seek feedback on the Board’s preliminary conclusions and draft revisions to the RBA’s standards.
    • Improving security, efficiency and competition for online card payments. The Board welcomed the Standard for Payment Service Provider Porting of Merchant Payment-Related Data (the Standard), developed by AusPayNet in consultation with industry. The Standard details a common set of requirements for the transfer of customer payment data between providers, to support merchants switching providers, including to access better payment plans. The Board expects industry participants to comply with the Standard by 1 July 2026. This is consistent with the RBA’s previously issued Expectations for Tokenisation of Payment Cards and Storage of PANs, which is aimed at improving security, efficiency and competition for online card payments.
    • ATM Access Regime. The Board approved minor amendments to the ATM Access Regime to accommodate a change in the way the associated ATM Access Code is administered by industry.
    • Amendment to the RBA policy on conflicts of interest to support constructive engagement with the payments industry. The Board approved an amendment to the RBA’s policy on Managing Potential Conflicts of Interest Arising from the RBA’s Commercial Activities to allow staff from Payments Policy Department and Banking Department to simultaneously observe and/or participate in industry committees or working groups with broad representation. This will enable staff to identify payments policy issues early and encourage industry to voluntarily put in place solutions that achieve the RBA’s public interest objectives.

    MIL OSI News –

  • MIL-OSI Economics: Payments System Board Update: June 2025 Meeting

    Source: Reserve Bank of Australia

    At its meeting today, the Payments System Board discussed a number of issues, including:

    • ASX’s response following the CHESS batch failure incident in December 2024. The Board discussed ASX’s response to the RBA’s out-of-cycle assessment of ASX Clear and ASX Settlement, which required ASX to set out how it would strengthen resourcing and implement contingency arrangements for CHESS. The response did not address key parts of the issues raised in the assessment and provided insufficient detail on ASX’s plans to remediate these issues. The RBA has taken further steps to obtain this information and has now received additional details. The Board requested the staff to continue exploring regulatory options on resourcing for current CHESS and to ensure CHESS Replacement is designed with an appropriate level of resilience for critical financial market infrastructure.
    • Financial market infrastructure regulatory reforms and resolution planning. The Board welcomed progress in operationalising powers to prevent or resolve a crisis at an Australian clearing and settlement facility. The Board endorsed a public consultation on guidance that will provide stakeholders with information about when and how the RBA would generally expect to exercise its crisis resolution powers. The public consultation is expected to commence shortly.
    • The safety and resilience of Australia’s real-time gross settlement system. The Board received an update on progress against the recommendations from the March 2024 Assessment of the Reserve Bank Information and Transfer System (RITS). The update covered key areas of oversight focus, such as change management and cyber resilience, as well as updates regarding the RBA’s uplift in risk management and culture, IT controls framework, and the operating model for RITS. The Board acknowledged that while meaningful progress has been made, it is unlikely that these improvements will take full effect by the next assessment of RITS, which is scheduled for March 2026.
    • Review of merchant card payment costs and surcharging. The Board discussed various policy options stemming from its review into card payment costs and surcharging aimed to promote the public interest by supporting competition, efficiency and safety in the payments system. The RBA expects to release a consultation paper in July, which will seek feedback on the Board’s preliminary conclusions and draft revisions to the RBA’s standards.
    • Improving security, efficiency and competition for online card payments. The Board welcomed the Standard for Payment Service Provider Porting of Merchant Payment-Related Data (the Standard), developed by AusPayNet in consultation with industry. The Standard details a common set of requirements for the transfer of customer payment data between providers, to support merchants switching providers, including to access better payment plans. The Board expects industry participants to comply with the Standard by 1 July 2026. This is consistent with the RBA’s previously issued Expectations for Tokenisation of Payment Cards and Storage of PANs, which is aimed at improving security, efficiency and competition for online card payments.
    • ATM Access Regime. The Board approved minor amendments to the ATM Access Regime to accommodate a change in the way the associated ATM Access Code is administered by industry.
    • Amendment to the RBA policy on conflicts of interest to support constructive engagement with the payments industry. The Board approved an amendment to the RBA’s policy on Managing Potential Conflicts of Interest Arising from the RBA’s Commercial Activities to allow staff from Payments Policy Department and Banking Department to simultaneously observe and/or participate in industry committees or working groups with broad representation. This will enable staff to identify payments policy issues early and encourage industry to voluntarily put in place solutions that achieve the RBA’s public interest objectives.

    MIL OSI Economics –

  • MIL-OSI Russia: Taiwanese company linked to separatists punished in mainland China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, June 5 (Xinhua) — The Chinese mainland on Thursday announced a punishment for a Taiwanese company linked to Shen Pao-yang, also known as Puma Shen, a proponent of “Taiwan independence.” The company is banned from any transactions or cooperation with mainland organizations, enterprises and individuals. -0-

    MIL OSI Russia News –

  • MIL-OSI Video: The Tanks are coming to Army 250’s Birthday are YOU?

    Source: US Army (video statements)

    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 #Army

    https://www.youtube.com/watch?v=M0v-PavMxsE

    MIL OSI Video –

  • US vetoes UN Security Council demand for Gaza ceasefire

    Source: Government of India

    Source: Government of India (4)

    The United States on Wednesday vetoed a draft U.N. Security Council resolution that demanded an “immediate, unconditional and permanent ceasefire” between Israel and Hamas militants in Gaza and unhindered aid access across the war-torn enclave.

    The other 14 countries on the council voted in favor of the draft as a humanitarian crisis grips the enclave of more than 2 million people, where famine looms and aid has only trickled in since Israel lifted an 11-week blockade last month.

    “The United States has been clear: We would not support any measure that fails to condemn Hamas and does not call for Hamas to disarm and leave Gaza,” Acting U.S. Ambassador to the U.N. Dorothy Shea told the council before the vote, arguing that it would also undermine U.S.-led efforts to broker a ceasefire.

    Washington is Israel’s biggest ally and arms supplier.

    The Security Council vote came as Israel pushes ahead with an offensive in Gaza after ending a two-month truce in March. Gaza health authorities said Israeli strikes killed 45 people on Wednesday, while Israel said a soldier died in fighting.

    Britain’s U.N. Ambassador Barbara Woodward criticized the Israeli government’s decisions to expand its military operations in Gaza and severely restrict humanitarian aid as “unjustifiable, disproportionate and counterproductive.”

    Israel has rejected calls for an unconditional or permanent ceasefire, saying Hamas cannot stay in Gaza. Israel’s U.N. Ambassador Danny Danon told the council members who voted in favor of the draft: “You chose appeasement and submission. You chose a road that does not lead to peace. Only to more terror.”

    Hamas condemned the U.S. veto, describing it as showing “the U.S. administration’s blind bias” towards Israel. The draft Security Council resolution had also demanded the immediate and unconditional release of all hostages held by Hamas and others.

    RIVAL AID OPERATIONS

    The war in Gaza has raged since 2023 after Hamas militants killed 1,200 people in Israel in an October 7 attack and took some 250 hostages back to the enclave, according to Israeli tallies. Many of those killed or captured were civilians.

    Israel responded with a military campaign that has killed over 54,000 Palestinians, according to Gaza health authorities. They say civilians have borne the brunt of the attacks and that thousands more bodies have been lost under rubble.

    Under global pressure, Israel allowed limited U.N.-led deliveries to resume on May 19. A week later a controversial new aid distribution system was launched by the Gaza Humanitarian Foundation, backed by the U.S. and Israel.

    Israel has long accused Hamas of stealing aid, which the group denies. Israel and the U.S. are urging the U.N. to work through the GHF, which is using private U.S. security and logistics companies to transport aid into Gaza for distribution at so-called secure distribution sites.

    “No one wants to see Palestinian civilians in Gaza go hungry or thirsty,” Shea told the Security Council, adding that the draft resolution did not “acknowledge the disastrous shortcomings of the prior method of aid delivery.”

    The U.N. and international aid groups have refused to work with the GHF because they say it is not neutral, militarizes aid and forces the displacement of Palestinians.

    No aid was distributed by the U.S.-backed Gaza Humanitarian Foundation on Wednesday as it pressed the Israeli military to boost civilian safety beyond the perimeter of its so-called secure distribution sites after a deadly incident on Tuesday.

    The GHF said it has asked the Israeli military to “guide foot traffic in a way that minimizes confusion or escalation risks” near military positions, provide clearer civilian guidance and enhance training of soldiers on civilian safety.

    ‘DELAYS AND DENIALS’

    The GHF posted on Facebook that “ongoing maintenance work” would delay the opening of its distribution sites on Thursday. It said on Tuesday that it has so far distributed more than seven million meals since it started operations.

    Despite U.S. and Israeli criticism of the U.N.-led Gaza aid operation, a U.S. ceasefire plan proposes the delivery of aid by the United Nations, the Red Crescent and other agreed channels. Israel has agreed to the ceasefire plan but Hamas is seeking changes that the U.S. has rejected as “totally unacceptable.”

    Ahead of the U.N. Security Council vote, U.N. aid chief Tom Fletcher again appealed for the U.N. and aid groups to be allowed to assist people in Gaza, stressing that they have a plan, supplies and experience.

    “Open the crossings – all of them. Let in lifesaving aid at scale, from all directions. Lift the restrictions on what and how much aid we can bring in. Ensure our convoys aren’t held up by delays and denials,” Fletcher said in a statement.

    The U.N. has long-blamed Israel and lawlessness in the enclave for hindering the delivery of aid into Gaza and its distribution throughout the war zone.

    “Enough of suffering of civilians. Enough of food being used as a weapon. Enough is enough is enough,” Slovenia’s U.N. Ambassador Samuel Zbogar told the Security Council.

    A similar humanitarian-focused draft resolution is now expected to be put to a vote in the 193-member U.N. General Assembly, where no countries have a veto power and it would likely pass, diplomats said.

    Danon warned: “Don’t waste more of your time, because no resolution, no vote, no moral failure, will stand in our way.”

    (Reuters)

  • MIL-OSI Russia: Schools, kindergartens, clinics: what else will appear in the new microdistrict in Krasnopakhorsky district

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    A modern residential cluster with schools, kindergartens, a clinic and commercial real estate will appear in the Troitsky administrative district. The construction will be carried out by an investor determined by the results of the auction, reported Ekaterina Solovieva, Minister of the Moscow Government, Head of the Moscow Department of City Property.

    “Investors are actively involved in the urban development of the Troitsky and Novomoskovsky administrative districts. Following an open auction, an agreement was signed with the developer that will allow the company, together with the city, to build a modern residential cluster with the necessary social and commercial infrastructure on the territory of 736 hectares in the Krasnopakhorsky district. It is planned to build 825 thousand square meters of housing, public and business real estate with a total area of more than 41 thousand square meters, as well as a clinic, schools and kindergartens for two thousand students and 1.3 thousand pupils,” said Ekaterina Solovyova.

    The project envisages the construction of housing for approximately 15 thousand people. They plan to build more than seven thousand private cottages, as well as townhouses and apartment buildings with almost two thousand apartments. The plots for development are located next to the Central Ring Road, between the settlements of Shchapovo, Pesye and Ovechkino.

    The investor of the project will be the Samolet Group of Companies. According to the Investment Director Alexey Romantsov, the partnership of investors and the city allows for the application of the best urban development practices. It is expected that the central core of the project’s audience will be families who will appreciate the unique combination of advantages of country life with urban comfort. The family concept is reflected in the infrastructure, landscaping and apartment layout of the project. Thus, the average area of apartments in low-rise buildings is more than 20 percent larger than the area in city blocks.

    Work on the project is planned to begin in 2026–2027.

    Get the latest news quickly official telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154846073/

    MIL OSI Russia News –

  • MIL-OSI Banking: Money Market Operations as on June 04, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 5,55,169.12 5.64 3.00-6.90
         I. Call Money 13,718.05 5.75 4.85-5.85
         II. Triparty Repo 3,69,233.55 5.62 5.50-5.75
         III. Market Repo 1,70,770.32 5.68 3.00-6.00
         IV. Repo in Corporate Bond 1,447.20 5.89 5.80-6.90
    B. Term Segment      
         I. Notice Money** 28.00 5.64 5.60-5.70
         II. Term Money@@ 167.00 – 5.75-6.05
         III. Triparty Repo 1,853.90 5.62 5.55-5.85
         IV. Market Repo 423.10 5.85 5.80-6.00
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Wed, 04/06/2025 1 Thu, 05/06/2025 4,271.00 6.01
         (b) Reverse Repo          
    3. MSF# Wed, 04/06/2025 1 Thu, 05/06/2025 622.00 6.25
    4. SDFΔ# Wed, 04/06/2025 1 Thu, 05/06/2025 2,99,291.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,94,398.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,321.86  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     8,321.86  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,86,076.14  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 04, 2025 9,45,785.24  
         (ii) Average daily cash reserve requirement for the fortnight ending June 13, 2025 9,41,551.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 04, 2025 4,271.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 16, 2025 3,48,763.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/478

    MIL OSI Global Banks –

  • MIL-OSI Banking: Joint Statement of the Association of Southeast Asian Nations (ASEAN) for the Global Platform for Disaster Risk Reduction (GPDRR) 2025

    Source: ASEAN

    We, Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People’s Democratic Republic, Malaysia, the Republic of the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand, and the Socialist Republic of Viet Nam, stand united as One ASEAN on the occasion of the eighth session of the Global Platform for Disaster Risk Reduction 2025 (GPDRR 2025), in Geneva, Switzerland.
     
    We reaffirm our strong commitment to the full and effective implementation of the Sendai Framework for Disaster Risk Reduction (SFDRR) 2015-2030, including through the Asia-Pacific Action Plan 2021-2024. In line with the theme of the Global Platform for Disaster Risk Reduction (GPDRR) 2025 “Every Day Counts: Act for Resilience Today,” we are committed to accelerating efforts in building a disaster-resilient ASEAN Community by advancing the implementation of the ASEAN Agreement on Disaster Management and Emergency Response (AADMER) and AADMER Work Programme 2021-2025, which is aligned with the SFDRR. As we are developing the AADMER Work Programme 2026-2030, we remain committed to ensuring its continued alignment with the SFDRR.

    Download the full statement here.
    The post Joint Statement of the Association of Southeast Asian Nations (ASEAN) for the Global Platform for Disaster Risk Reduction (GPDRR) 2025 appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI China: US stocks close mixed on weak hiring data in private sector

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

    U.S. stocks closed mixed on Wednesday as investors digested weaker-than-expected private-sector hiring data and remained cautious amid fresh U.S.-China trade tensions, following the implementation of a steep steel and aluminum tariff hike.

    The Dow Jones Industrial Average dropped 91.90 points, or 0.22 percent, ending the session at 42,427.74, while the S&P 500 inched up 0.44 points, or 0.01 percent, to 5,970.81. The Nasdaq Composite gained 61.53 points, or 0.32 percent, to close at 19,460.49.

    Sector performance was split, with six of the S&P 500’s 11 major groups finishing higher. Communication services and materials led the way, rising 1.36 percent and 0.35 percent, respectively. On the downside, energy and utilities were the weakest performers, falling 1.89 percent and 1.70 percent.

    Investor sentiment was dampened by the ADP National Employment Report, which showed private-sector hiring slowed significantly in May. Only 37,000 jobs were added, the weakest figure in over two years and far short of analyst expectation of 110,000 ones.

    Further economic data reflected softening conditions. The Institute for Supply Management’s Services Purchasing Managers’ Index (PMI) fell to 49.9 in May, slipping into contraction territory for just the fourth time in five years. The reading came in below April’s 51.6 and missed economist forecasts for an increase to 52, suggesting service sector growth is losing steam.

    Jefferies economist Tom Simons wrote in a note to clients that the data likely reflect “more signs of a pause in activity rather than a steep contraction.” “A broad pause is not a good thing, and the uncertainty that precipitated this pause has not shown any signs of lifting,” he said.

    Meanwhile, U.S. President Donald Trump lashed out at Fed Chair Jerome Powell on social media again, calling for immediate rate cuts.

    Adding to market jitters, Trump’s order to double tariffs on steel and aluminum imports to 50 percent took effect Wednesday, with only the United Kingdom exempted. The deadline also arrived for U.S. trading partners to submit “best offers” to avoid a broader wave of retaliatory tariffs slated for July.

    Barclays’ Head of U.S. Equity Strategy Venu Krishna said that recent market movement reflects a “broad realization” that the extreme tariff rhetoric may not fully materialize, though it continues to create uncertainty for investors. “The bottom line is that while uncertainty remains high around the eventual tariff outcome, the rate of change on policy headwinds has become much less onerous.” Wilson said. “This has reduced recession risk and is giving corporates and consumers more confidence in the forward looking outlook.”

    The S&P 500 index will peak in the second quarter and then correct to the range of 5,250 points to 5,500 points in the second half of 2025, according to a presentation by Stifel on Tuesday.

    Major technology companies showed mixed performance on Wednesday. Meta Platforms advanced 3.16 percent, while chipmaker Broadcom, set to release earnings on Thursday, gained 1.65 percent. Nvidia, Microsoft, Amazon, and Alphabet posted modest increases. In contrast, electric vehicle manufacturer Tesla dropped 3.55 percent, and Apple edged down slightly. 

    MIL OSI China News –

  • MIL-OSI: Arctic Wolf Expands into Singapore to Meet Rising Demand for AI-Powered Security Operations

    Source: GlobeNewswire (MIL-OSI)

    EDEN PRAIRIE, Minn., June 04, 2025 (GLOBE NEWSWIRE) — Arctic Wolf®, a global leader in security operations, today announced its official launch in Singapore, marking the latest milestone in its ongoing expansion across the Asia-Pacific region. Trusted by more than 10,000 organisations worldwide, Arctic Wolf is transforming how businesses manage cybersecurity by delivering scalable, outcome-driven solutions through its Aurora Platform and Concierge Delivery Model. With today’s launch, organisations in Singapore can now access the company’s full suite of capabilities including Aurora Endpoint Security, Managed Detection and Response, Managed Risk, Managed Security Awareness, and Incident Response.

    “As organisations struggle with the challenges of the modern threat landscape, we continue to see strong customer demand across the globe for the Arctic Wolf Aurora Platform and the positive cybersecurity outcomes it delivers,” said Nick Schneider, president and CEO, Arctic Wolf. “We are excited to bring our portfolio of Security Operations solutions to the business and channel communities of Singapore and look forward to working with them to help end cyber risk.”

    Organisations in Singapore face a perfect storm of cybersecurity challenges, including a rapidly evolving threat landscape, increased regulatory scrutiny, and an ongoing shortage of skilled security professionals. Arctic Wolf helps businesses of all sizes tackle these problems head on by offering a unified, cloud-native platform that pairs AI-driven threat detection with expert guidance and 24×7 monitoring from one of the world’s largest commercial Security Operations Centers.

    Arctic Wolf’s partner-first go-to-market model has made it the cybersecurity partner of choice for more than 2,200 solution providers globally, including Ingram Micro, its inaugural distributor in Singapore. Designed to help resellers lead with value, Arctic Wolf’s award-winning channel program equips partners with differentiated offerings, predictable revenue opportunities, and the support needed to grow their security practice. Together with Ingram Micro, Arctic Wolf is delivering modern security operations that help customers reduce risk and improve outcomes at every stage of their cybersecurity journey.

    “Arctic Wolf and its portfolio of security operations solutions are the ideal fit for our customers looking to improve their security outcomes across the entire cybersecurity framework. Recent high profile security breaches in Singapore have brought security conversations to be front of mind for executives and employees alike across the country. We are proud to be their first distributor in the Singapore region and be able to bring robust security solutions to our clients,” said Eunice Lau, executive managing director, Singapore, Ingram Micro.

    Singapore Trends Highlight Urgent Security Challenges

    Coinciding with the company’s Singapore launch, Arctic Wolf also released new data from its State of Cybersecurity: 2025 Trends Report, offering Singapore-specific insights into the evolving threat landscape. The findings reveal that artificial intelligence (AI) outranks ransomware as the top concern for IT and security leaders in Singapore, signalling a shift in how organisations perceive and prioritize cyber risk. As emerging technologies introduce new vulnerabilities and attack vectors, the need for effective security operations has never been more critical—helping organisations detect threats earlier, respond faster, and build long-term resilience.

    Other key findings for Singapore include:

    • Breaches are Common and Transparency is Improving: 70% of businesses disclosed a breach in the past year as they were required to by law, while 23% did so due to requirements from their insurer or an outside entity. This indicates strong regulatory compliance and incident transparency in the country.
    • Significant Attacks Remain Widespread: Malware and business email compromise were the most used methods followed by ransomware and/or data exfiltration.
    • Complexities exist in current cybersecurity stacks: While respondents are satisfied with the firewall and Network Traffic Analysis (NTA) components of their security stacks, 57% cited difficult implementations as a complexity along with lack of efficacy (33%).

    “The findings from our 2025 Trends Report make it clear that organisations in Singapore are under growing pressure to advance their cybersecurity maturity,” said David Hayes, Director APAC, Arctic Wolf. “From managing AI-driven risks to navigating breach disclosure and responding to ransomware, businesses need more than just point solutions, they need a partner with the breadth and expertise to drive meaningful outcomes. We’re excited to officially launch in Singapore and bring our full portfolio of security operations capabilities to help organisations reduce risk, strengthen resilience, and accelerate their security maturity.”

    For additional global insights from Arctic Wolf’s State of Cybersecurity: 2025 Trends Report, visit arcticwolf.com.

    Additional Resources:

    About Arctic Wolf
    Arctic Wolf® is a global leader in security operations, delivering the first cloud-native security operations platform to end cyber risk. Built on open XDR architecture, the Arctic Wolf Aurora Platform operates at a massive scale and combines the power of artificial intelligence with world-class security experts to provide 24×7 monitoring, detection, response, and risk management. We make security work!

    To learn more about Arctic Wolf, visit www.arcticwolf.com.

    Press Contact:
    megan.archbold@arcticwolf.com

    © 2025 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Aurora, Alpha AI, Arctic Wolf Security Operations Cloud, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Security Awareness, Arctic Wolf Incident Response, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc.

    The MIL Network –

  • MIL-OSI USA: Cortez Masto Leads Nevada Delegation in Urging President Trump to Reverse Harmful Tariffs

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – Today, U.S. Senator Catherine Cortez Masto (D-Nev.) led Senator Jacky Rosen (D-Nev.) and Representatives Dina Titus (D-Nev.-01), Susie Lee (D-Nev.-03), and Steven Horsford (D-Nev.-04) in a letter to President Donald Trump urging him to reverse his blanket tariffs that have had harmful impacts on Nevada. The delegation expressed concern that the tariffs will continue to raise costs for Nevada families, make small businesses harder to operate, worsen the housing shortage, and threaten Nevada’s tourism economy.

    “We write to express our deep concern that your reckless and uncoordinated tariffs imposed on American allies and partners will have a destructive effect on the economy in our home state of Nevada,” wrote the delegation. “Targeted tariffs on our adversaries can be a useful tool to protect American jobs and support our national security; however, your blanket tariffs are the opposite of that. We urge you to reverse your approach and remove harmful tariffs that will only create uncertainty and higher costs for hardworking families and small businesses across Nevada.”

    “That is why we believe U.S. trade policy must be thoughtfully implemented to strengthen our economic bonds with our allies, while strongly confronting adversaries like China. Your administration’s implementation of blunt, widespread tariffs is just the opposite,” concluded the delegation. “It has only served to create chaos and uncertainty across the economy. Your tariffs are raising prices of everyday items for Nevada families and imposing higher costs on Nevada businesses including manufacturers, tourism, and other companies, stunting our state’s previously booming economic growth. We urge your administration to reverse course and commit to working with Congress to modernize our trade policies to ensure they work in the best interest of Nevada and the United States.”

    Read the full letter here.

    Senator Cortez Masto has continued to push the Trump Administration to address the impacts of Trump’s tariffs on working families and Nevada small businesses. Earlier this year, the Senator wrote a letter to the Administration demanding they provide their plan to mitigate the economic stress caused by the implementation of President Donald Trump’s tariffs and other executive actions. During a Senate Finance Committee hearing, Cortez Masto pressed U.S. Trade Representative Greer about the impacts of President Trump’s blanket tariffs on Nevadans, particularly those employed in the tourism and hospitality industry. The Senator introduced the Tariff Transparency Act to require the U.S. International Trade Commission to publicly investigate how Donald Trump’s recent tariffs on imports from Mexico and Canada will impact the American people.

    MIL OSI USA News –

  • MIL-OSI USA: Murkowski Secures Commitment from Secretary of Commerce to Convene Summit with Alaska’s Fishing Industry

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    06.04.25
    Washington, DC – U.S. Senator Lisa Murkowski, R-AK and a senior member of the Committee on Appropriations, today secured a commitment from U.S. Secretary of Commerce Howard Lutnick to convene a meeting with Alaska seafood stakeholders on trade issues with Russia and ways the administration can help bolster the industry.
    Speaking at hearing held by the Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies, Murkowski emphasized the importance of fair-trade practices for Alaska’s fishermen. Secretary Lutnick agreed with the Senator’s assessment, reinforcing that the administration’s trade policy “is to protect our fisherman, which are a key resource of the United States of America.” The Secretary committed to join the Senator in sitting down with leaders of the Alaska seafood industry to chart a path forward.
    Click here to watch the full exchange.
    The full transcript of Senator Murkowski’s conversation with Secretary Lutnick can be read below.
    TRANSCRIPT
    Murkowski: Thank you, Mr. Chairman. Mr. Secretary, welcome. I’m glad to follow the Ranking Member as well as the Chairman of the committee in talking about fisheries. You know I’ll never disappoint you, when you come before the committee, we’re going to talk about fish, and I appreciate what you have shared with Senator Collins about the administration’s desire to protect our fisherman. We’re pleased with the executive order relating to American seafood competitiveness.
    I had an opportunity, just yesterday, to visit with one of our seafood industry leaders in the state of Alaska. I thought we were going to be talking about some of the tax provisions that are included in the reconciliation package, but he basically said if we can’t deal with trade issues when it comes to Alaska’s seafood, we are not even going to have to worry about the tax pieces because the trade implications are going to kill us. In Alaska, Russia has declared war on Alaska seafood and they have been very direct, and very open about it. They are using their dominance in the seafood market to help fund their war against Ukraine. And the effort is one that we are looking at, and needing to make sure, I mean really desperate to make sure, that the administration fully understands the implications of what is happening right now.
    We’ve got the largest federal fisheries in the nation, about sixty percent of America’s harvest by volume. Seafood processing is 70 percent of Alaska’s manufacturing employment. The Alaska seafood industry generates $6 billion in economic output for that state, it employs 48,000 people in Alaska. Right now, we have Secretary of the Interior, and the Secretary of Energy, and the Administrator of EPA up in the state, all focused on aspects of our resources. But the other great resource for our state is our fisheries, and they are in peril.
    I would ask for your commitment to sit down with leaders of the Alaska seafood industry, those important stakeholders, so that we can talk about a path forward on some of these issues that are really harming our industry right now. Can you give me that commitment, that we can work with your team to identify a time to do just that?
    Lutnick: Why don’t you organize it, and it would be my pleasure to come and do it together with you, so we can make sure every topic is on the table, and we address it. Because our trade policy is to protect our fisherman, which are a key resource of the United States of America. We are on it and we know about it, I know all about the Russian issues. They’ve been attacking us for years, this is nothing new, sadly. But let’s do it together and this administration is on your side and is on it.
    Murkowski: Excellent, I look forward to that, and we’ll be working with you on that.
    A couple more issues, there has been a lot of discussion about NOAA, and the budget cuts, as well as with the impact on the National Weather Service.
    We’ve been working with the Secretary of Transportation, Secretary Duffy, on aviation safety. We’re going to make some headway, there’s good support within the budget now to do that. But we have a connection here with the Department of Commerce, in that the Automated Surface Observing Systems, the ASOS systems as they are known, which provide for aviation safety, are managed by the National Weather Service. So, right now we’re looking at about a 40 percent staffing shortage. I’ve heard what you’ve said to other colleagues, about you know, you’re not cutting in key areas. I need to make sure that we are looking critically at the National Weather Service staffing in Alaska, to make sure that we are not compromising in any ways, the systems that are vital to transportation, commerce, and safety. We need them to stay operational, so if you can just commit to me that you’ll look at?
    Lutnick: That sounds sensible to me.
    Murkowski: Another one that works on the safety side, and again it ties into our extraordinary oil resources. We have to move that oil by ship out of Valdez, it has to go through Prince William Sound, and they rely on the National Data Buoy Center to manage, not only the buoys there in Prince William Sound, but over a thousand buoys that are operated by both domestic and international partners. Right now, we have a buoy, the Seal Rocks Weather Buoy, that’s right outside of Valdez. But the tankers can’t leave Valdez unless they get the wave height information from the buoy, the weather buoy that’s sitting out there, right? This buoy has been out of commission for months, and we’re told it’s due to funding for operation and maintenance in NOAA’s budget.
    Lutnick: It’s really old.
    Murkowski: It is old!
    Lutnick: It needs to be replaced! Oh my god, if I showed you what that looked like, you and I would hold our heads in our hands.
    Murkowski: We all look at them, and the problem it’s not just the buoy out there at Seal Rock, it is this system, this constellation, that is designed to be the information source, the protectorate for the safety. So, let’s work on this, but I highlight how….
    Lutnick: How to modernize it, we’ve got to.
    Murkowski: I highlight because we’ve got some work to do, but it all knits together. So, I’ve highlighted a couple of specific instances….
    Lutnick: I promise you, we are in it together. I promise I agree with you.
    Murkowski: I won’t make you go out there, if you’ll commit to me that we’re going to upgrade these systems. But in the meantime, we’re going to get them operational, so that we’re not compromising safety.
    Lutnick: Absolutely.
    Murkowski: I appreciate it. Thank you, Mr. Chairman.

    MIL OSI USA News –

  • MIL-Evening Report: Resignation of PM’s press secretary highlights gaps in NZ law on covert recording and harassment

    Source: The Conversation (Au and NZ) – By Cassandra Mudgway, Senior Lecturer in Law, University of Canterbury

    Getty Images

    The sudden resignation this week of one of Prime Minister Christopher Luxon’s senior press secretaries was politically embarrassing, but also raises questions about how New Zealand law operates in such cases.

    A Stuff investigation revealed the Beehive staffer allegedly recorded audio of sessions with sex workers, and whose phone contained images and video of women at the gym, supermarket shopping, and filmed through a window while getting dressed.

    The man at the centre of the allegations has reportedly apologised and said he had sought professional help for his behaviour last year.

    The police have said the case did not meet the threshold for prosecution. And this highlights the difficulties surrounding existing laws when it comes to non-consensual recording, harassment and image-based harm.

    Describing his “shock” at the allegations against his former staffer, the prime minister said he was “open to revisiting” the laws around intimate audio recordings without consent. If that happens, there are several key areas to consider.

    Are covert audio recordings illegal?

    New Zealand law prohibits the non-consensual creation, possession and distribution of intimate visual recordings under sections 216H to 216J of the Crimes Act 1961. These provisions aim to protect individuals’ privacy and bodily autonomy in situations where they have a reasonable expectation of privacy.

    The definition of “intimate visual recording” under these sections is limited to visual material, such as photographs, video or digital images, and does not extend to audio-only recordings.

    As a result, covert audio recordings of sex workers engaged in sexual activity would fall outside the scope of these offences, even though the harm caused is similar.

    If such audio or video recordings were ever shared with others or posted online, that may be a criminal offence under the Harmful Digital Communications Act 2015 – if it can be proved this was done with the intention to cause serious emotional distress.

    What about covert filming of women in public places?

    Covert recording of women working out or walking down a road, including extreme closeups of clothed body parts, would unlikely meet the definition of “intimate visual recording”.

    That is because they do not typically involve nudity, undergarments or private bodily activities, and they often occur in public places where there is no reasonable expectation of privacy.

    Even extreme closeups may not meet the threshold unless they are taken from beneath or through clothing in a way that targets the genitals, buttocks or breasts. While they are invasive and degrading, they may remain lawful.

    By contrast, it is more likely that covert filming of women dressing or undressing through a window would satisfy the definition, depending on where the women were. For example, were they in a place where they would have a reasonable expectation of privacy?

    If the non-consensual recording captures a person in a state of undress, then the creation of such images or videos could be considered a crime.

    Are any of these behaviours “harassment”?

    Under the Harassment Act 1997, “harassment” is defined as a pattern of behaviour directed at a person that involves at least two specified acts within a 12-month period, or a single continuing act.

    These acts can include following, watching, or any conduct that causes the person to fear for their safety. Although covert filming or audio recording is not expressly referenced, the acts of following and watching within alleged voyeuristic behaviour, if repeated, could fall within the definition.

    But harassment is only a crime where it is done with the intent or knowledge that the behaviour will likely cause a person to fear for their safety. This is a threshold that might be difficult to prove in voyeurism or similar cases.

    Covert recording of women’s bodies, whether audio or visual, is part of a broader pattern of gender-based violence facilitated by technology. Feminist legal scholars have framed this as “image-based sexual abuse”. The term captures how non-consensual creation, recording, sharing or threatening to share intimate content violates sexual autonomy and dignity.

    This form of harm disproportionately affects women and often reflects gender power imbalances rooted in misogyny, surveillance and control. The concept has become more mainstream and is referenced by law and policymakers in Australia and the United Kingdom.

    Has New Zealand law kept up?

    Some forms of image-based sexual abuse are criminalised in New Zealand, but others are not. What we know of this case suggests some key gaps remain – largely because law reform has been piecemeal and reactive.

    For example, the intimate visual recording offences in the Crimes Act were introduced in 2006 when wider access to digital cameras led to an upswing in covert filming (of women showering or “upskirting”, for example).

    Therefore, the definition is limited to these behaviours. But the law was drafted before later advances in smartphone technology, now owned by many more people than in 2006.

    Generally, laws are thought of as “living documents”, able to be read in line with the development of new or advanced technology. But when the legislation itself is drafted with certain technology or behaviours in mind, it is not necessarily future-proofed.

    Where to now?

    There is a risk to simply adding more offences to plug the gaps (and New Zealand is not alone in having to deal with this challenge). Amending the Crimes Act to include intimate audio recordings might address one issue. But new or advanced technologies will inevitably raise others.

    Rather than responding to each new form of abuse as it arises, it would be better to take a step back and develop a more principled, future-focused criminal law framework.

    That would mean defining offences in a technology-neutral way. Grounded in core values such as privacy, autonomy and consent, they would be more capable of adapting to new contexts and tools.

    Only then can the law provide meaningful protection against the evolving forms of gendered harm facilitated by digital technologies.

    Cassandra Mudgway 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. Resignation of PM’s press secretary highlights gaps in NZ law on covert recording and harassment – https://theconversation.com/resignation-of-pms-press-secretary-highlights-gaps-in-nz-law-on-covert-recording-and-harassment-258274

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Final counting shows polls understated Labor in 2025 election almost as much as they overstated it in 2019

    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

    With almost all primary votes now counted to two-party preferred (as I explained on May 29), Labor has won the national two-party vote by a 55.3–44.7 margin, although this may drop to a 55.2–44.8 margin once the remaining votes from Bradfield come in.

    Labor’s two-party share is over two points higher than in any poll taken in the final week before the election.

    Final primary votes were 34.6% Labor (up 2.0% since the 2022 election), 31.8% Coalition (down 3.9%), 12.2% Greens (steady), 6.4% One Nation (up 1.4%), 1.9% Trumpet of Patriots (down 2.2% from United Australia Party in 2022), 7.4% independents (up 2.1%) and 5.7% others (up 0.6%).

    The table below shows the primary vote and two-party estimates of all ten polls conducted in the final week before the election, with the election results at the bottom. When polls gave a breakdown for Trumpet of Patriots, independents and others, I’ve combined these for an all Others total. Bold numbers in the table represent estimates that were within 1% of the result.

    Fieldwork dates for the Ipsos poll were not released, but it was published in The Daily Mail on election day, so it was presumably taken in the last week. Published primary votes in this poll included 5% undecided, which I have redistributed proportionally to the parties listed.

    In 2019, all the polls gave Labor between a 51–49 and a 52–48 lead. The actual result was a Coalition win by 51.5–48.5.

    This year, all polls had Labor between a 51–49 and a 53–47 lead and the actual result was a Labor win by 55.3–44.7. The two polls (Freshwater and Ipsos) that had Labor below a 52–48 lead were particularly poor.

    The polls understated Labor’s primary vote and overstated the Coalition’s. Labor won the primary vote by 2.7 points, when nearly all polls had the Coalition ahead (Redbridge was tied). The Freshwater and Ipsos polls performed badly in overstating the Coalition’s vote.

    The Greens were mostly overstated, while One Nation was overstated by every pollster except Morgan.

    Preference flow assumptions compounded the polls’ problems. If I plug the election primary votes into my 2022 preference flows spreadsheet, I get a Labor two-party lead of 55.3–44.7, the same as the actual result.

    Newspoll had higher One Nation preference flows to the Coalition than in 2022. If they’d used 2022 flows, Labor would have led by about 53–47. YouGov used data from its MRP polls that gave the Coalition both a higher share of One Nation and Greens preferences than in 2022. If they’d used 2022 flows, Labor would have led by 54.2–45.8.

    We won’t have data on preference flows by party for some time, but it’s likely that One Nation preferences did become more pro-Coalition. However, Greens and independent preferences compensated by becoming more pro-Labor.

    Respondent-allocated polls from Essential, Resolve, Freshwater, Redbridge and Spectre all suggested this would be the case. YouGov may have used MRP polls earlier in the year to allocate preferences. Labor was doing badly on preferences earlier.

    The poll graph that I used in my pre-election articles is below. There was a surge to Labor in March and April. Labor had been polling poorly from December to February and may have lost an election held then. The polls told us that Labor had recovered to an election-winning position, but they understated the magnitude of that win.

    The best two polls were not the final polls, but a Morgan poll taken two weeks from the election that gave Labor a 55.5–44.5 lead. Morgan’s final two polls both gave Labor a 53–47 lead. The other good poll was a Redbridge poll of 20 marginal seats that gave Labor a 54.5–45.5 lead a week before the election (actual result 54.8–45.2 to Labor across these seats).

    Redbridge would have been better if they’d stuck with their 54.5–45.5 to Labor in the marginal seats in this poll, but they dropped back to 53–47 to Labor in the poll published on election day.

    The final YouGov MRP poll predicted Labor would win 84 of the 150 seats, understating Labor by ten seats. An exit poll of early voters from the first two days of early in-person voting correctly had swings to Labor.

    While public polling was poor at this election, Liberal internal polling was worse. This article in The Australian published the day before the election said the Coalition was confident of gaining ten seats from Labor. Labor actually gained 14 seats from the Coalition.

    The worst seat polls

    I’m not going to relate every seat poll in this election, but there were some seat poll stinkers.

    I referred to JWS seat polls of Ryan, Brisbane and Griffith on April 18. These polls gave the Liberal National Party a 57–43 lead over Labor in Ryan, with the Greens a distant third on primary votes. In Brisbane, Labor led the LNP by 51–49. In Griffith, Labor led the LNP by 51–49, but the LNP led the Greens by 53–47.

    In Ryan, the Greens made the final two and defeated the LNP by 53.3–46.7. If Labor had made the final two, they would have won by 57.8–42.2. In Brisbane, Labor crushed the LNP by 59.0–41.0. In Griffith, Labor and the Greens made the final two, and a two-party count between Labor and the LNP had Labor winning by 65.9–34.1.

    I referred to a Compass seat poll of McMahon on April 11. This poll gave right-wing independent Matt Camenzuli 41% of the primary vote, the Liberals 20% and Labor incumbent Chris Bowen just 19%. Bowen actually won 45.5% of the primary vote, the Liberals 26.8% and Camenzuli just 9.8%.

    I referred to KJC polls of four seats on April 27. These polls gave the Liberals a 49–45 lead including undecided in Tangney and a 46–41 lead in Blair. In Richmond, the Greens led Labor by 39–34. In Hunter, Labor led the Nationals by 45–41.

    Labor actually won Tangney by 57.0–43.0 and Blair by 55.7–44.3. In Richmond, the Greens did not make the final two, and Labor would have beaten them easily if they had. In Hunter, One Nation instead of the Nationals made the final two, with Labor winning by 59.0–41.0. Had the Nationals made the final two, Labor would have won by a similar 59.5–40.5.

    Recount results and Greens senator defects to Labor

    In Liberal-held Bradfield, Teal Nicolette Boele defeated the Liberals by 26 votes after a recount, overturning an eight-vote Liberal lead on the original count. The Liberals could challenge this result in the courts, but Boele will be seated until the courts decide.

    In Goldstein, the partial recount of primary votes for Teal incumbent Zoe Daniel and Liberal Tim Wilson was completed on May 31. Wilson won by 175 votes, down from 260 before the recount started.

    With these results, the final seat outcome of the election is 94 Labor out of 150, 43 Coalition and 13 for all Others. That’s a Labor majority of 38 by the UK method.

    Western Australian Greens Senator Dorinda Cox, who was elected in 2022, defected to Labor on Monday. This gives Labor 29 of the 76 senators and the Greens ten. Labor will still need either the Coalition or the Greens to reach the 39 votes required for a Senate majority. Cox’s six-year term will expire in June 2028.

    South Korea and Poland elections

    On Tuesday the centre-left candidate won the South Korean presidential election that had been called early after the previous right-wing president was impeached and removed from office. On Sunday the Law and Justice (PiS) candidate won the Polish presidential election, defeating a pro-Western centrist.

    Donald Trump’s US national ratings have improved since his nadir in late April. I wrote about these events for The Poll Bludger on Wednesday.

    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. Final counting shows polls understated Labor in 2025 election almost as much as they overstated it in 2019 – https://theconversation.com/final-counting-shows-polls-understated-labor-in-2025-election-almost-as-much-as-they-overstated-it-in-2019-256981

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Daily progress for Thursday, 5 June 2025

    Source: New Zealand Parliament –

    Order Paper for Thursday, 5 June 2025

    2.00pm

    Business statement

    Hon Chris Bishop, Leader of the House, made a statement about the business of the House for the sitting week commencing on Tuesday, 24 June 2025.

    Oral questions

    Question time is in progress. 

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: Taisugar Strengthens Industry-Academia, Alliances to Forge a New Path Forward

    Source: Republic of China Taiwan

    Taiwan Sugar Corporation (Taisugar) is actively deepening its industry-academia alliances. Over the past three months alone, the company has signed four collaboration agreements with partners across the public and academic sectors, including National Chiayi University, Ling Tung University, National Kaohsiung University of Hospitality and Tourism, and the National Central Library. Driven by the belief that “1 + 1 > 2, ” Taisugar is expanding the breadth and depth of state-owned enterprise operations, seeking innovative development pathways for the industry while nurturing professional talent in partnership with academia to enhance Taiwan’s overall industrial competitiveness.

    Taisugar noted that following Taiwan’s championship win at the WBSC Premier12 last year, efforts have been made to keep the nation’s baseball momentum thriving on the global stage. In February, Taisugar signed a Letter of Intent (LOI) with the Chiayi University baseball team-the only top-division varsity team among Taiwan’s comprehensive universities. Taisugar pledged nearly NT$1 million to support the team with new equipment, Taisugar clam essence, health supplements, and mineral water. The initiative aims to promote baseball and strengthen Taiwan’s international visibility and performance in the sport.

    Understanding that talent development is key to corporate advancement, Taisugar Chairman Ming-Chang Wu signed a second LOI last month with Ling Tung University. The two sides will collaborate to cultivate technical professionals, provide student internship opportunities, share industry-academia resources, develop innovative curricula, and launch collaborative innovation projects, striving to achieve seamless integration between education and industry for mutual growth.

    Earlier this year, Taisugar also reaped the rewards of successful industry-academia collaboration. Associate Professor Chien-hao Chen of the National Kaohsiung University of Hospitality and Tourism created two rhum agricole products using Taisugar’s sugarcane, and both received the prestigious Grand Gold award-the highest honor-at the Vinalies Internationales Competition, one of the world’s oldest and most prestigious international spirits competitions. This achievement solidified the shared vision of Taisugar and NKUHT to innovate and elevate the value of local ingredients while promoting Taiwan’s culinary and beverage culture. As a result, both parties signed a memorandum of understanding on the 6th of this month to continue injecting new energy into agricultural advancement and culinary innovation.

    “Transforming sugarcane juice into rum can increase its value by 200 times per milliliter, ” revealed Taisugar. The company is currently planning to source six metric tons of fresh sugarcane juice from its Huwei Sugar Factory, which will be directly delivered to a distillery in Taichung. There, Associate Professor Chen’s expert team will produce rhum agricole at scale for commercial release. In addition, Taisugar will leverage NKUHT’s culinary research and development capabilities to create a variety of gourmet dishes that pair with the rum, using Taisugar products as the base-elevating product sophistication and enhancing the overall dining experience.

    Beyond its partnerships with academia, Taisugar also signed a cooperation agreement with the National Central Library two weeks ago. Under this collaboration, Taisugar’s collection of valuable historical documents will be digitized and presented on the library’s “Taiwan Memory” online platform, making them accessible to researchers and the general public, and promoting the study and preservation of Taiwan’s sugar industry heritage.

    Taisugar added that it is currently in discussions with Kaohsiung Medical University and industry partners to explore further collaborations. Guided by its sustainable development strategy, Taisugar will continue to expand its partnerships across the public, private, academic, and research sectors, sharing resources and fostering mutual benefit to jointly enhance Taiwan’s overall industrial competitiveness.

    TSC News Contact Person:
    Chang Mu-Jung
    Public Relations, Department of Secretariat, TSC
    Contact Number: 886-6-337-8819 / 886-920-636-951
    Email:a63449@taisugar.com.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Duckworth, Warren, Blunt Rochester Condemn RFK for Making it Harder for Pregnant Women and Children to Receive COVID-19 Vaccines, Putting Their Health at Risk

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    June 04, 2025

    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL), joined by U.S. Senators Elizabeth Warren (D-MA) and Lisa Blunt Rochester (D-DE), today condemned U.S. Department of Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. for announcing changes to the Centers for Disease Control’s (CDC) recommended vaccine schedule that would dramatically limit access to COVID-19 vaccines for millions of pregnant women and children, needlessly endangering their health. In their letter, the Senators slam the decision as anti-science and politically motivated, criticizing Secretary Kennedy for failing to provide scientific justification for the policy change and for confirming their longstanding concerns that he would enact unscientific, anti-vax policies as HHS Secretary—despite all his clamoring before Senate committees that he would not restrict vaccine access.

    “Your politically driven, anti-science decision—made suddenly and behind closed doors, without input from the public or scientific and medical communities—flies in the face of your commitment to ‘not…take away anybody’s vaccines’ and will lead to an untold number of preventable illness and death of Americans,” wrote the Senators.

    “Enabled by President Trump and fueled by decades of anti-vaccine skepticism, you appear to be establishing a roadmap by which the United States’ government can implement unscientific, anti-vaccination policies,” the lawmakers continued. “By sowing distrust, creating chaos and justifying your actions with misinformation, you are laying the groundwork to undermine access to other safe, effective vaccines, including for those that prevent diseases like whooping cough, measles and more.”

    The full text of the letter is available on Senator Duckworth’s website and below:

    Dear Secretary Kennedy:

    We write to express our extreme concern regarding the Department of Health and Human Services’ (HHS’) recent policy changes to dramatically curtail access to the COVID-19 vaccine for those Americans who would choose to receive it. We are particularly alarmed by your May 27, 2025 announcement on X—along with Drs. Marty Makary and Jay Bhattacharya, Commissioner of the Food and Drug Administration (FDA) and Director of the National Institutes of Health (NIH), respectively—that the COVID-19 vaccine will no longer be included under the Centers for Disease Control and Prevention’s (CDC’s) recommended routine immunization schedule for healthy pregnant women.

    We are also concerned that the CDC changed its recommendation for administering the COVID-19 vaccine for healthy children and adolescents from routine to using “shared clinical decision-making” between clinicians and families. As of the writing of this letter, the CDC has updated the immunization schedule for adults, removing the previous recommendation for pregnant women. The unjustified announcement “blindsided” senior officials at the CDC and were designed to “further erode public trust in the [agency].” By side-stepping the CDC’s Advisory Committee on Immunization Practices’ (ACIP’s) open and transparent deliberation of the evidence, you have thrown into question coverage of vaccines under Medicare, Medicaid and private insurance for millions of Americans. Your politically driven, anti-science decision—made suddenly and behind closed doors, without input from the public or scientific and medical communities—flies in the face of your commitment to “not…take away anybody’s vaccines” and will lead to an untold number of preventable illness and death of Americans. We therefore strongly urge you to reverse this position until there is a thorough, transparent consideration of the body of evidence regarding the COVID-19 vaccine’s public health benefit.

    Political Motivations Threaten COVID-19 Vaccine Access for Millions of Americans

    The ACIP’s vaccine recommendations, as adopted by the CDC, form the basis of no-cost access to the vaccines for millions of Americans. For example, the Patient Protection and Affordable Care Act, as amended, requires that most commercial health insurance plans and Medicaid Alternative Benefit Plans cover ACIP-recommended vaccines for a given individual with no cost sharing. In addition, for the Vaccines for Children Program, authorized by the Omnibus Budget Reconciliation Act, ACIP determines which vaccines are provided at no cost to children who are uninsured, underinsured, Medicaid-eligible, Medicaid-enrolled or American Indian or Alaska Native. States must also cover ACIP-recommended vaccines and their administration for children enrolled in separate State Children’s Health Insurance Program (CHIP) programs without enrollee cost-sharing.

    More recently, the Inflation Reduction Act expanded no-cost coverage of ACIP-recommended vaccines and vaccine administration without cost-sharing to adults under Medicare Part D, Medicaid and CHIP. The uncertainty and confusion caused by your politically driven actions may lead to many insurers deciding to drop coverage of the COVID-19 vaccine for millions of people. Without insurance coverage, individuals who wish to receive the COVID-19 vaccine will be forced to pay up to $200 or more out-of-pocket—an insurmountable cost for many families, especially amid cost-of-living crisis exacerbated by the current administration’s policies.

    Politically Driven, Anti-Vaccination Decision-Making Circumvents Scientific Input

    You appeared to make this policy change without consulting the FDA’s Vaccines and Related Biological Products Advisory Committee (VRBPAC) and prior to the next scheduled public meeting of the ACIP, the members of which are leading vaccine experts tasked with developing vaccine recommendations. You did so even though the ACIP had independently been considering updating COVID-19 vaccine recommendations to take into account the risk levels of different populations and was expected to vote on those recommendations when it was next scheduled to meet on June 25-27, 2025.

    Your announcement is a striking departure from the transparent and evidence-informed manner by which vaccine approvals and recommendations are formulated by HHS. For decades, scientists have weighed in on vaccine recommendations through a strenuous process. Following a decision from FDA experts about whether to approve a new vaccine based on clinical trial evidence and other data, ACIP “weighs extensive evidence about safety, effectiveness and other data to determine the best recommendation for who should receive the vaccine, when and how often.” The CDC director may choose to adopt, reject or modify these recommendations, though rejection or modification of such recommendations is rare. In the past quarter century, the CDC director has acted only twice to expand access beyond the ACIP’s recommendation, both times in response to extraordinary circumstances—in 2002 for the smallpox vaccine in connection with a vaccination campaign to address potential bioterrorism attacks, and in 2021 for the COVID-19 vaccine for front-line workers during the early phase of the COVID-19 pandemic. However, in an unprecedented and deeply troubling abuse of your authority, you did not wait to hear ACIP’s expertise, and you exploited a key vacancy at CDC to set these recommendations yourself. According to the Washington Post, this is “the first time an HHS secretary has unilaterally altered an existing recommendation from the advisory committee and the CDC.”

    Your decision represents a significant public health threat that will endanger millions of Americans. Pregnant women are at higher risk of serious illness and hospitalization if infected with COVID-19, and the virus raises the risk of having a cesarean birth, preeclampsia or eclampsia and blood clots. COVID-19 infection during pregnancy has also been shown to result in higher risk of lower birthweight babies, preterm birth and stillbirth. Babies born to women who were not vaccinated against COVID-19 are at higher risk of needing intensive care. That is why the American College of Obstetricians and Gynecologists (ACOG), and the Society for Maternal-Fetal Medicine (SMFM) strongly recommend women who are pregnant, breastfeeding or planning to get pregnant get the COVID-19 vaccine. According to ACOG and SMFM, the COVID-19 vaccine has been demonstrated repeatedly to be safe and protective for such individuals. Because this vaccine is so protective and safe for this population, ACOG further recommends eliminating barriers to receiving the COVID-19 vaccine. This is likely why the CDC stated in its “Interim Clinical Considerations for Use of COVID-19 Vaccines in the United States,” updated on May 12, 2025:

    “COVID-19 vaccination is recommended for everyone ages 6 months and older in the United States…Vaccination is especially important for people at highest risk of severe COVID-19, including people ages 65 years and older; people with underlying medical conditions, including immune compromise; people living in long-term care facilities; and pregnant women to protect themselves and their infants.” (emphasis added)

    After birth, infants under 6 months of age are at the same high level of risk of hospitalization due to COVID-19 as adults ages 65 to 74, and the only means of protecting these infants from COVID-19 is through maternal vaccination. An analysis of HHS data by the American Academy of Pediatrics found that 11,199 children were admitted to the hospital with COVID-19 during the 2024-2025 respiratory virus season, 7,746 of whom were younger than 5 years old. And 41 percent of children ages 6 months to 17 years old hospitalized with COVID-19 from October 2022 to April 2024 did not have a known underlying condition, meaning that “healthy” children are also at risk of severe disease.

    Establishing an Anti-Vaccination Policy Roadmap

    Enabled by President Trump and fueled by decades of anti-vaccine skepticism, you appear to be establishing a roadmap by which the United States’ government can implement unscientific, anti-vaccination policies. By sowing distrust, creating chaos and justifying your actions with misinformation, you are laying the groundwork to undermine access to other safe, effective vaccines, including for those that prevent diseases, such as pertussis (whooping cough), measles, respiratory syncytial virus (RSV), chickenpox, shingles, hepatitis A, as well as cancer caused by hepatitis B and human papilloma virus.

    The May 27, 2025 video announcement is just one action in a series of anti-vaccination, anti-science efforts you have led since becoming HHS Secretary. For example, while the ACIP made recommendations for meningococcal and RSV vaccines months ago, you have failed to adopt the recommendations. Further, even though the United States is experiencing the worst outbreak of measles in 25 years, you have downplayed the harm of one of the world’s most contagious diseases and made false claims that the measles, mumps and rubella vaccine has not been “safety tested.” This undermining of trust in vaccines has led to multiple preventable hospitalizations and deaths. Indeed, President Trump’s nominee to serve as your deputy at HHS expressed unqualified support for your recommendation “encourag[ing] parents to take the measles vaccine,” while saying nothing about vaccinating children against the disease. And the Trump administration clawed back over $11 billion in pandemic-era funding, which has hampered the ability of public health departments across the country to contain the measles outbreak.

    Moreover, on May 20, 2025, Dr. Vinay Prasad, Director of the FDA Center for Biologics Evaluation and Research and Commissioner Makary published an opinion piece in the New England Journal of Medicine (NEJM), outlining a new FDA approval framework that creates significant barriers for approval of annual COVID-19 vaccines for millions of Americans. This announcement indicated that the annual COVID-19 vaccine will generally be approved without a randomized, placebo-controlled clinical trial (RCT) only for people ages 65 and older and for those who have medical conditions that leave them at higher risk for severe COVID-19. The framework says nothing about the eligibly of healthy people at higher risk of being infected with COVID-19, such as healthcare professionals. This means that, unlike in most other countries, the annual vaccine will not be available to healthy individuals older than 6 months of age and under the age of 65 without an RCT. This change in the approval process will take away Americans’ freedom to choose to get the annual vaccine and put them and their loved ones at risk.

    Further, placebo-controlled trials for vaccines when a proven intervention exists are widely considered by the medical and research community to be unethical. Ethical guidance advises, “Extreme care must be taken to avoid abuse of [the option to conduct placebo-controlled trials when a proven intervention exists]”; the FDA and HHS have guidance accordingly restricting placebo-controlled trials to certain situations. There is no question that the existing safe and effective COVID-19 vaccines are such “proven interventions,” and withholding their use in new placebo-controlled trials would constitute a grave ethical violation.

    Your new approval process for the annual COVID-19 vaccine will significantly delay access to updated FDA-approved vaccines, jeopardizing the health and lives of the American people. Typically, vaccines, such as the annually updated flu shot, are approved after exhibiting immunogenicity data or other laboratory testing data comparable to previous vaccine versions, which themselves have provided robust safety and efficacy data. A multi-year study and lengthy approval process, which is generally considered by experts to be unnecessary, particularly for annually updated vaccines. The significant hurdles associated with FDA’s new RCT requirement could discourage vaccine manufacturers and researchers from developing new, innovative products that could prevent cancer, HIV and other diseases and ultimately save lives. Dr. Peter Hotez from the Baylor College of Medicine in Houston stated requiring RCTs for future vaccine development “would basically be a recipe for paralysis.”

    Indeed, the day after your announcement, Moderna withdrew an application for its new combined flu and COVID-19 vaccine, despite the new vaccine outperforming existing COVID-19 and flu vaccines. It also comes on the heels of the FDA delaying its approval of Novavax’s protein-based COVID-19 vaccine, missing its own April 1, 2025 deadline. When the FDA finally approved the vaccine, it did so for only a narrow population (adults 65 and older and those between ages 21-64 with an underlying medical condition). In a highly unusual step, FDA is also requiring that Novavax conduct a placebo-controlled RCT for less vulnerable populations.

    Given the suddenness of your May 27, 2025 announcement and its lack of detail or scientific justification, we respectfully request you provide written responses to the following questions no later than June 18, 2025:

    1. Despite “a commitment to gold-standard science,” you failed to provide an appropriate, detailed explanation for your change in the COVID-19 vaccination recommendations.

    1. What specific studies, scientific or clinical data did you consult as the basis for removing the COVID-19 vaccine from the CDC’s recommended vaccine schedule for pregnant women and children? Please provide citations for the research articles or publications you considered.
    2. Did you consult with any scientific or professional organizations, such as those representing obstetricians, pediatricians, family physicians, virologists, immunologists, epidemiologists or other relevant experts, in developing this new policy? Please provide the names of such stakeholders.
    3. Did you decide not to follow any recommendations from the scientific and medical communities? Why not?
    4. Did you submit a memo that explains the rationale and scientific justification for your decision? Please provide a copy of such memo, along with any attachments and communications related to it.

    2. Your directive implementing the new CDC recommendations suggests that the decision was made “[b]ased on a review of the recommendation of the FDA and the NIH.”

    1. Please list all individuals who carried out this review and their qualifications to weigh in on such decisions, such as their formal scientific and/or medical training, previously held professional positions or appointments, etc.
    2. Please provide a copy of the recommendation made by the NIH.
    3. Why were the CDC and ACIP apparently excluded from the process through which you imposed the new CDC recommendations?
    4. Given the former acting CDC director’s nomination to be CDC director, who is currently responsible for finalizing CDC recommendations?

    3. Why did you fail to consult the ACIP before changing the CDC’s COVID-19 vaccine recommendation for children and pregnant women, particularly before the ACIP’s next public meeting?

    4. The ACIP is scheduled to meet in June 2025 to discuss COVID-19 vaccine recommendations.

    1. Do you commit to allowing the ACIP to move forward with its meeting in June 2025? If so, when will the meeting be publicly noticed in the Federal Register?
    2. Do you commit to not altering the anticipated agenda that includes the discussion of the COVID-19 vaccine?
    3. Do you expect the ACIP’s future COVID-19 vaccine recommendations to be influenced by your decision to publish the new vaccine approval framework?
    4. If the ACIP issues a COVID-19 vaccine recommendation that differs from your May 27 announcement, will you commit to listening to the experts and consider adopting that recommendation?

    5. Why did you fail to consult the VRBPAC before granting a narrow approval for the Novavax COVID-19 vaccine?

    6. What role did you play in the decision to publish the new FDA framework outlined in the May 20, 2025 NEJM opinion piece, and in determining its content?

    7. Why did the FDA release this framework in an opinion piece, rather than formally publishing a regulation or guideline written by career vaccine experts?

    8. Does FDA plan to release a regulation, rule or formal guidance that formalizes the framework described in the NEJM article?

    1. If so, when will this policy be released?
    2. Will this policy be developed with the input of vaccine experts, providers, pharmacies, patient advocacy groups and/or other stakeholders?
    3. How will you and Commissioner Makary ensure vaccine experts, providers, pharmacies, patient advocacy groups and/or other stakeholders may provide input or feedback on the framework?

    9. Does the FDA’s new framework apply to initial doses (i.e., primary series) of new formulations of COVID-19 vaccines?

    1. Will this impact parents’ choices to vaccinate their children against COVID-19?
    2. Will you commit to preserving the current COVID-19 vaccine approval standards for the primary vaccine series?

    10. Given the ethical and recruitment challenges clinical trial sponsors may face because of new RCT requirements, how will FDA ensure the public has access to safe and effective vaccines if companies are unable to complete these trials in a timely manner?

    11. Figure 2 of the May 20, 2025 NEJM opinion piece listed pregnancy and recent pregnancy as underlying medical conditions that put an individual at risk of severe COVID-19.

    1. If the CDC is no longer recommending pregnant women get the COVID-19 vaccine, will such individuals still be eligible for the vaccine?
    2. If so, will they be able to get the vaccine at no cost?
    3. If there will be cost-sharing, what will be the cost-sharing policy for the vaccine, and who will make such decisions?

    12. Is the list in Figure 2 of the NEJM piece an exhaustive list for what medical conditions will be considered putting an individual at risk for severe COVID-19 disease?

    13. How do the conditions in the list align with the fact that the only high-risk condition now stated on the CDC immunization schedule for COVID-19 is “moderately or severely immunocompromised”?

    14. Do you believe that parents should have the right to vaccinate their children against COVID-19? If not, why not?

    15. Do you expect the current version of the COVID-19 vaccine to remain available in the primary vaccine series for individuals under 65 without underlying medical conditions?

    16. Will healthcare workers under age 65 who do not have a condition that predisposes them to severe COVID-19 and hospitalization be able to obtain a COVID-19 vaccine?

    17. Do you believe that young, healthy adults should be able to receive a COVID-19 vaccine to reduce the risk of getting Long COVID or of transmitting the virus to individuals with a higher risk of severe infection?

    1. If so, how will the FDA’s new framework preserve this choice?
    2. Why does the FDA’s new vaccine approval framework fail to consider a broad range of potential benefits of booster shots, such as reduced risk of Long COVID-19 and a shorter duration of illness?

    18. Has the FDA communicated with pharmacies about whether they plan to restrict COVID-19 vaccine access in response to the new vaccine approval framework?

    1. If so, will pharmacies require patients to verify they have health conditions putting them at a higher risk of severe COVID-19 to receive the vaccine?
    2. What will be an acceptable means of verification?

    19. What information did you provide health insurers (including Medicaid and Medicare) regarding their requirements for coverage of the COVID-19 vaccine going forward?

    1. Do you expect insurers to drop or alter coverage of the COVID-19 vaccine for children and pregnant women due to the altered CDC recommendation?
    2. If so, was that taken into consideration when formulating the recommendation?

    20. Have you communicated with the vaccine manufacturers to ensure there will be enough supply of the vaccine for the upcoming respiratory illness season? What steps are you taking to ensure supply chains will not be disrupted?

    21. Do you have any plans to change FDA approval frameworks or the CDC immunization schedule for any other vaccines? If so, which ones?

    Your anti-vaccine, anti-science stance has taken priority over the public health and well-being of the American people. We urge you to save lives by reversing course and making evidence-based policy in an open, transparent and clear manner.

    -30-

    MIL OSI USA News –