Category: Canada

  • MIL-OSI: Purpose Investments Inc. Announces Final May 2025 Distribution Rate for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today the final May 2025 distribution rates for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund.

    The following table reflects the final distribution amounts for the month of May. Ex-distribution date is May 28, 2025.

    Open-End Fund Ticker Symbol Final distribution per unit Record Date Payable Date Distribution Frequency
    Purpose USD Cash Management Fund – ETF Units MNU.U US $0.3531 05/28/2025 06/03/2025 Monthly
    Purpose Cash Management Fund – ETF Units MNY $0.2373 05/28/2025 06/03/2025 Monthly
    Purpose High Interest Savings Fund – ETF Units PSA $0.1070 05/28/2025 06/03/2025 Monthly
    Purpose US Cash Fund – ETF Units PSU.U US $0.3495 05/28/2025 06/03/2025 Monthly
               

    About Purpose Investments Inc.

    Purpose Investments Inc. is an asset management company with more than $23 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network

  • MIL-OSI Security: Holyrood — Four drivers stopped by RCMP NL Traffic Services East last week

    Source: Royal Canadian Mounted Police

    Last week, RCMP NL Traffic Services East stopped four motorists in Tilton, Harbour Grace and Holyrood for various traffic offences.

    Shortly after 5:50 p.m. on Thursday, May 22, 2025, police observed a vehicle on Route 70 in Tilton, travelling at 115 km/h in a 60km/h zone, entering a residential area. The 22-year-old driver from Victoria was ticketed for excessive speeding. The vehicle was seized and impounded and the driver was issued a seven-day licence suspension.

    At approximately 7:15 p.m. on Friday, May 23, 2025, police observed a vehicle travelling at a high rate of speed in a residential area on Harvey Street in Harbour Grace. The vehicle was confirmed to be travelling at 108 km/h in a 50km/h zone. The driver, a 71-year-old from Spaniards Bay, was ticketed for excessive speeding, operating a vehicle without an insurance policy, and operating a vehicle without valid registration. The vehicle was seized and impounded and the driver was issued a seven-day licence suspension.

    On Sunday, May 25, 2025, around 3:30 p.m., police responded to a report of a suspected impaired driver. The vehicle was located on Harvey Street in Harbour Grace. The driver, a 49-year-old man, failed the roadside breath test and was arrested. He was transported to Harbour Grace Detachment where he provided further breath samples over the legal limit. He now faces charges of impaired operation of a motor vehicle. His vehicle was seized and impounded and his licence was suspended.

    Later that day, shortly after 8:35 p.m., police responded to a report of a possible impaired driver. The vehicle was located on the Trans-Canada Highway near Holyrood. The driver, a 30-year-old from Harbour Grace, provided a roadside breath sample that was above the provincial limit but below the criminal threshold. The vehicle was impounded and the driver’s licence was suspended for seven days.

    Those who choose to drive while impaired and/or in a dangerous manner place themselves and all others who share the roadway at increased risk of serious injury or death. RCMP NL is dedicated to maintaining road safety. If you suspect a driver is operating a vehicle while impaired or in a dangerous manner, please immediately contact your local police to make a report.

    MIL Security OSI

  • MIL-OSI Security: Secretary General thanks NATO parliamentarians for key role in strengthening the Alliance

    Source: NATO

    On Monday (26 May 2025), Secretary General Mark Rutte visited Dayton, Ohio to participate in the NATO Parliamentary Assembly (NPA) Spring Session. The Secretary General highlighted the NPA’s role in transatlantic cooperation and previewed the priorities for the Summit in The Hague in June.

    Mr Rutte said to make NATO stronger, he expects Allies to agree to increase defence investment further. “This plan will mean more money for our core military requirements – hard defence, and more money for defence-related investments, including infrastructure and resilience,” said the Secretary General. He noted the important role of NPA parliamentarians in advocating for higher defence spending with their publics and governments. “You reinforce the bond between NATO and our democratic societies,” he said.

    Allies will also work on boosting the defence industrial base. Mr Rutte stressed that “increased defence production is not just good for our security, it is good for our economies too.” The Secretary General noted that all Allies must contribute their fair share, adding that Europe and Canada have already stepped up their defence spending.

    In light of the 30th anniversary of the Dayton Agreement, Mr Rutte recalled that “the Dayton Agreement laid the foundation for peace in Bosnia and Herzegovina. NATO has supported peace and stability there, and right across the Western Balkans, for thirty years,” he said. But while “the Western Balkans has shown that peace is possible,” Russia “has brought war back to Europe.” After strongly condemning Russia’s recent attacks against Ukrainian civilians, he underlined that NATO’s long-term support to Ukraine will continue, noting that all Allies agree the importance of ensuring a just and lasting peace. “This is not about prolonging the war, it is about ensuring Ukraine can defend itself now, and prevent any future aggression,” he said.

    On Sunday 25 May, the Secretary General attended a dinner hosted by the NPA with the theme “Renewed Focus on Peace & Prosperity in the Balkans,” alongside officials from Allied and partner nations.

    MIL Security OSI

  • MIL-OSI Russia: British king visits Canada amid US annexation threats

    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

    OTTAWA, May 27 (Xinhua) — Britain’s King Charles III, who is also the king of Canada, and his wife Queen Camilla arrived in Canada on Monday for a two-day visit amid U.S. President Donald Trump’s threats to make Canada the 51st U.S. state.

    Canadian Prime Minister Mark Carney said in a statement that Charles III’s first visit as monarch is a reminder of the bond between Canada and the Crown, reflecting “strength, diversity and confidence.”

    Mr Carney announced the royal visit at his post-election press conference, saying it “underscores Canada’s sovereignty”.

    “Their Majesties’ presence at this defining moment in our history is profoundly meaningful,” Governor General Mary Simon said in a statement, “reaffirming the enduring constitutional bond that has shaped Canada’s journey into a proud and independent nation.”

    On Tuesday, nearly 70 years after Canada’s sovereign first opened the country’s parliament, Charles III will deliver a speech from the throne on the Senate floor.

    The visit is widely seen as support for Canada’s sovereignty, especially given Trump’s repeated threats to annex Canada. He also called the border between the two countries “artificial.” -0-

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: President Lai meets delegation from European Parliament

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    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.

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

    Details
    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

    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: Cardano Foundation and Switzerland for UNHCR cooperate in Industry-First ETP That Funds Refugee Support Through Crypto Staking, Geneva, Switzerland

    Source: GlobeNewswire (MIL-OSI)

     With over 100 million people forcibly displaced worldwide, the humanitarian system faces unprecedented challenges in funding essential services. In response, an innovative financial product—the Cardano Impact for UNHCR ETP (CASL)—launches on 28 May on the SIX Swiss Exchange, creating a bridge between institutional capital and humanitarian relief through blockchain.

    The CASL ETP (Ticker: CASL | ISIN: CH1327686056) is the first-ever regulated exchange-traded product that converts blockchain staking rewards into continuous funding for UNHCR, the UN Refugee Agency. The product offers investors exposure to Cardano (ADA), while automatically donating 100% of staking rewards—not principal—toward field operations supporting refugees across over 135 countries, including Syria, Sudan, and Venezuela.

    “This launch represents a world first in sustainable finance and humanitarian aid,” said Oliver Anselmo, Deputy Executive Director at Switzerland for UNHCR. “It transforms passive investment returns into a recurring, scalable stream of support for people who have lost everything.”

    Quantifying Impact

    Based on current ADA staking yields (~3.5% APY) and projections of initial fund inflows, the CASL ETP could generate $1.5 to $2 million in annual donations with $50 million in assets under management—funds that directly power UNHCR’s emergency response and innovative refugee programs.

    Industry-First Technical and Regulatory Design

    Structured by issuance.swiss AG and operated under Swiss regulatory approval, CASL is physically backed 1:1 by ADA, with a 1.5% management fee. It bypasses crypto-native complexities through a familiar ISIN, allowing institutions to invest using USD, EUR, or CHF—with no wallets, private keys, or blockchain knowledge required.

    “CASL is an industry-first that merges full regulatory compliance, institutional-grade staking infrastructure, and humanitarian aid in one product,” said Laurent Kssis, CIO at issuance.swiss AG. “We’ve eliminated the operational barriers—from fiat on-ramps to staking—and embedded impact at the protocol layer of capital allocation.”

    Powered by Trusted Partners

    Custody and staking are operated by Taurus SA, a FINMA-regulated securities firm and leader in digital asset infrastructure, based in Geneva, Switzerland. ADA contributions to the underlying stake pool include 3.5 million ADA from the Cardano Foundation, alongside more than 200 delegations of holdings from the HOSKY team and their fans for a total amount of 6.3 million ADA, underscoring community trust and sustainability.

    “Our infrastructure secures the ADA and operates staking pools to maximize both yield and impact,” said Lamine Brahimi, Managing Partner at Taurus SA. “We are extremely proud to extend our partnership with UNHCR for Switzerland and with Cardano, and to demonstrate how innovation can be a force for good by providing support to forcibly displaced people.”

    Why Cardano? Why UNHCR?

    From funding streams to digital ID, one thing is clear: blockchain has the potential to be a great leveler, providing innovative ways of solving some of the administrative problems that make seeking refuge even harder. With the technology and use cases now at a stage where they have the capacity to substantially facilitate daily operations, the widespread adoption of humanitarian blockchain solutions must become one of the industry’s key priorities,” said Frederik Gregaard, CEO of the Cardano Foundation.

    Cardano currently ranks among the top 10 cryptocurrencies by market cap (~$22 billion), with ADA priced at approximately $0.62 as of May 2025. Its proof-of-stake consensus, peer-reviewed architecture, and environmental efficiency make it uniquely suited for mission-critical applications.

    The Bigger Picture

    This model is already drawing attention from other humanitarian and philanthropic entities.

    “We believe this model can and should be replicated,” added Pavel Izmaylov, CEO of issuance.swiss AG. “Discussions are already underway to launch additional impact-linked ETPs supporting education, climate resilience, and public health within the next 6 to 12 months.”

    An early institutional investor Florian Volery, Liqwid.Finance, commented: “CASL gives us ADA exposure, recently included in US Fed Reserve digital assets and the only blockchain never experienced any technical outage, while automatically contributing to one of the most urgent causes of our time—it’s smart capital at its best.”

    Product Summary

    • Name: Cardano Impact for UNHCR ETP (CASL)
    • Ticker: CASL | ISIN: CH1327686056
    • Launch Date: May 28, 2025
    • Exchange: SIX Swiss Exchange
    • Management Fee: 1.5%
    • Custodian & Staking Operator: Taurus SA
    • Currency: USD / EUR / CHF
    • Underlying: 100% physically backed Cardano (ADA)

    About UNHCR
    UNHCR, the UN Refugee Agency, protects and assists people forced to flee due to conflict and persecution. Operating in over 135 countries, UNHCR delivers life-saving aid and solutions to refugees and stateless people.

    About Switzerland for UNHCR

    Switzerland for UNHCR is the national partner of the UN Refugee Agency for Switzerland and Liechtenstein. Its mission is to support UNHCR’s mission by mobilizing essential resources and raising awareness on behalf of those who are forced to flee.   

    About Cardano Foundation
    The Cardano Foundation advances Cardano’s global adoption and is committed to unlocking blockchain for good. It stewards the development of the Cardano protocol and ecosystem.

    About issuance.swiss AG
    issuance.swiss AG is a Swiss-based issuer of regulated digital asset products, pioneering accessible, transparent, and socially impactful investment structures.

    About Taurus SA
    Taurus SA provides regulated infrastructure for digital assets, enabling custody, tokenization, and staking services trusted by top-tier institutions.

    For media inquiries:
    press@issuance.swiss
    media@cardanofoundation.org
    UNHCR/Switzerland for UNHCR: alvaro.cosi@unrefugees.ch
    press@taurusgroup.ch

    Disclaimer 
    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan.This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iv) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (v) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The approval of the 2024 Base Prospectus (EU) should not be understood as an endorsement by the FMA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2024 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities.

    The MIL Network

  • MIL-OSI: Non-Mortgage Delinquencies Reach Levels Not Seen Since 2009

    Source: GlobeNewswire (MIL-OSI)

    – 1.4 million people in Canada missed a credit payment as refinancing and renewals dominate the Q1 Mortgage market –

    Equifax Canada Market Pulse Quarterly Consumer Credit Trends and Insights

    TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Economic uncertainty continued to impact credit usage and consumer financial health across Canada during the first quarter of 2025 according to Equifax® Canada’s latest Market Pulse Consumer Credit Trends and Insights. Total consumer debt in Canada was $2.55T at the end of Q1, up four per cent year over year, but down more than $6B from the end of 2024. Average non-mortgage debt per consumer rose to $21,859 in Q1 2025, primarily driven by a strong auto loan market as buyers looked to lock in purchases before anticipated price hikes.

    “We often observe seasonal changes in credit usage during the first quarter. Generally speaking in the spring, we tend to see mortgage debt rising, however for Q1 2025 we saw mortgage debt levels fall compared to last quarter,” said Rebecca Oakes, Vice President of Advanced Analytics at Equifax Canada.” Despite a slowdown in demand for non-mortgage debt, overall balances remained fairly flat, an indication that consumer payment levels may be falling.”

    Card spending slows but balances continue to rise
    After experiencing high numbers for new credit card openings in 2023 and 2024, the first quarter of 2025 saw a 10.3 per cent decline in new card originations. Consumers that have lower credit scores accounted for an increase in new card openings, potentially indicating heightened credit reliance and financial strain in this consumer group.

    Average monthly credit card spend1 per card holder fell by $107 dollars during Q1, dropping to the lowest level since March 2022. Ontario, British Columbia, Prince Edward Island, Nova Scotia and Yukon saw the biggest pull back in spending, dropping between six and seven per cent compared to the prior year.

    “A drop in credit card spending when combined with increased payment amounts can imply improving financial conditions of consumers,” said Oakes. “Our data shows card payment levels, especially for younger consumers, are starting to fall, indicating this spending slowdown is likely driven more by consumers trying to be prudent rather than switching from credit to debit for financing.”

    The average credit card pay rate2 decreased to 52.9 per cent in Q1, down 32 basis points. Notably, younger consumers (under 35 years old) showed a more dramatic shift, with their average pay rate falling 392 basis points from 62.9 per cent to 58.9 per cent. This same group also exhibited the greatest increase in the level of minimum payers, rising 25 basis points year-over-year.

    Mortgage growth driven primarily by renewals and refinancing
    New mortgage originations jumped 57.7 per cent year-over-year in Q1 2025, but much of this activity stemmed from renewals and refinancing. This reflects the onset of the so-called “Great Renewal,” as a wave of pandemic-era mortgages come up for renewal.

    Renewal and refinancing activity surged, particularly in Ontario, Alberta, and B.C., with an estimated 28 per cent of mortgages switching lenders as Canadians shop around and seek better rates. Almost half of those switching (46 per cent) moved between the “Big Five” banks, reflecting intense competition among major lenders.

    “The shift in the mortgage market is clear – this is currently about existing homeowners navigating a complex refinancing environment,” added Oakes. “But even as some find relief, affordability challenges haven’t eased for everyone.”

    First-time homebuyers returned to the market, with activity up 40 per cent from Q1 2024. Affordability remained a hurdle and while average monthly payments dropped by 7.8 per cent to $2,300, the average loan size increased by 7.5 per cent year-over-year.

    Debt divide deepens as missed payments rise for some
    While some consumers showed signs of prudence in their spending choices during the first quarter, missed payments continued to rise across most credit products. In total, more than 1.4 million consumers (1 in 22) missed at least one credit payment during the quarter.

    Although mortgage holders experienced some stabilization thanks to steady interest rates, financial strain remained acute for non-mortgage consumers. Consumer level delinquency rates among non-mortgage holders rose 8.9 per cent year-over-year, compared to 6.5 per cent for mortgage holders. Younger Canadians were hit hardest, with the 18–25 age group experiencing a 15.1 per cent increase in delinquency rates.

    Ontario consumers under stress
    Ontario continued to remain a hotspot for financial stress in Canada, experiencing the most pronounced increase in delinquency rates across all credit products. Ontario’s 90+ day mortgage delinquency rate rose to 0.24 per cent, a substantial 71.5 per cent increase since Q1 2024. British Columbia followed with a notable rise of 33.3 per cent, reaching 0.18 per cent, while the rest of Canada (excluding these two provinces) showed a comparatively modest increase of 3.3 per cent, reaching an average of 0.19 per cent overall.

    Ontario also led the rise in non-mortgage delinquencies, up 24 per cent year-over-year, followed by Alberta at 15.9 per cent and Quebec at 13.9 per cent.

    Significant increases for younger consumers and auto loans
    The highest credit card 90+ day delinquency rates were observed among younger consumers under the age of 26, at 5.38 per cent, a significant 21.7 per cent increase year-over-year for this group. Overall, this rate stood at 3.76 per cent, marking a 15.8 per cent increase.

    Auto loans followed a similar trend, with the delinquency rate for younger consumers rising by 30 per cent to 1.95 per cent, compared to an overall rate of 1.08 per cent, which represented a 15.3 per cent increase.

    “We’re observing positive shifts in consumer behaviour, with reduced credit card usage and early signs of delinquency stabilization for some consumers. However, headwinds will likely persist, such as rising unemployment and rising food prices, in already strained regions,” concluded Oakes.

    Age Group Analysis – Debt & Delinquency Rates (excluding mortgages)

      Average
    Debt
    (Q1 2025)
    Average Debt Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Delinquency Rate ($)
    (Q1 2025)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    18-25 $8,459 4.63% 2.17% 20.06%
    26-35 $17,394 1.14% 2.37% 21.04%
    36-45 $26,873 1.57% 1.91% 21.20%
    46-55 $34,371 2.94% 1.38% 17.53%
    56-65 $28,780 5.25% 1.15% 13.25%
    65+ $14,596 3.57% 1.13% 3.93%
    Canada $21,859 2.74% 1.60% 17.06%
             

    Major City Analysis – Debt & Delinquency Rates (excluding mortgages)

    City Average
    Debt
    (Q1 2025)
    Average Debt Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Delinquency Rate ($)
    (Q1 2025)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Calgary $23,922 1.11% 1.71% 14.25%
    Edmonton $23,547 -0.03 2.26% 18.29%
    Halifax $21,263 1.86% 1.56% 15.13%
    Montreal $16,971 2.56% 1.49% 18.52%
    Ottawa $19,501 1.16% 1.52% 22.03%
    Toronto $21,048 3.46% 2.17% 24.28%
    Vancouver $23,304 3.93% 1.28% 14.27%
    St. John’s $23,872 1.41% 1.49% 1.19%
    Fort McMurray $37,269 0.81% 2.56% 18.37%
             

    Province Analysis – Debt & Delinquency Rates (excluding mortgages)

    Province Average
    Debt
    (Q1 2025)
    Average Debt Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Delinquency Rate ($)
    (Q1 2025)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Ontario $22,543 3.08% 1.73% 24.00%
    Quebec $18,985 2.28% 1.12% 13.95%
    Nova Scotia $21,296 2.62% 1.68% 5.72%
    New Brunswick $21,490 2.82% 1.77% 9.18%
    PEI $23,707 4.09% 1.19% 8.21%
    Newfoundland $24,770 4.02% 1.56% 0.48%
    Eastern Region $22,218 3.09% 1.65% 5.74%
    Alberta $24,398 1.00% 1.97% 15.93%
    Manitoba $18,171 3.68% 1.72% 2.04%
    Saskatchewan $23,194 2.82% 1.82% 6.24%
    British Columbia $22,631 3.33% 1.40% 12.63%
    Western Region $22,878 2.44% 1.69% 12.49%
    Canada $21,859 2.74% 1.60% 17.06%
             

    * Based on Equifax data for Q1 2025

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com


    1 average spend comparisons have been adjusted for inflation
    2 pay rate = payments / last months balance

    The MIL Network

  • MIL-OSI: Radware Recognizes Bell Canada and Presidio as Partners of the Year

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J., May 27, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, recognized Bell Canada, Canada’s largest communications company, and Presidio, a leading technology services and solutions provider, as its Partners of the Year. The annual award celebrates top performing partners that are dedicated to cyber security innovation and customer service excellence, and that have achieved exceptional business outcomes.

    “We are proud to recognize Bell and Presidio for their continued partnership and outstanding achievements,” said Yoav Gazelle, Radware’s chief business officer. “They are on the frontlines each day equipping customers with the critical cloud security solutions needed to mitigate risks and stay ahead of emerging threats to networks and applications. Together, we have created a powerful force for fighting cybercrime.”

    In addition to using Radware’s DDoS and Cloud Application Protection Services to defend their own infrastructures, Presidio and Bell offer Radware’s solutions to their customers.

    To safeguard on-premise, cloud, and hybrid environments, Presidio delivers Radware’s application and API security solutions, bot manager, and DDoS protection as part of its cybersecurity suite. Presidio has a decades-long history of building traditional IT foundations and deep expertise in AI and automation, security, networking, digital transformation, and cloud computing.

    “This award recognizes Presidio’s expertise in helping companies navigate the complexities of deploying and running an end-to-end cybersecurity solution, mitigating risk, and achieving compliance,” said Justin Tibbs, vice president, cyber security practice, at Presidio. “Our goal is to help make cybersecurity an innovation accelerator rather than a blocker, and our work with Radware plays an essential role in that approach.”

    As part of its security-as-a-service offering, Bell delivers Radware’s full cloud security stack, including Radware’s integrated Cloud Application and DDoS Protection Services.

    “Winning Radware’s Partner of the Year award for the second consecutive year is a tremendous honour,” said Errol Fernandes, Bell’s national director, solution sales – security and cloud. “Our collaboration with Radware is a key component of our approach to safeguarding our customers from web and application cyberthreats.”

    Radware’s global partner program offers ecosystem partners a lucrative and systematic approach to creating, managing, and growing sales opportunities based on Radware’s state-of-the-art cloud services and solutions. Complete with training, financial incentives, and support materials, the program rewards resellers, managed security service providers, carriers, and cloud service providers for the value they deliver throughout the customer lifecycle.

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others;  outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    Media Contact:
    Gerri Dyrek
    Radware
    Gerri.Dyrek@radware.com 

    The MIL Network

  • MIL-OSI Africa: Ivanhoe Mines President and Chief Financial Officer (CFO) to Speak at African Mining Week 2025

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

    CAPE TOWN, South Africa, May 27, 2025/APO Group/ —

    Marna Cloete, President and Chief Financial Officer (CFO) of Canadian mining firm Ivanhoe Mines will speak at the upcoming African Mining Week.

    During the event, Cloete will participate in the Women in Leadership Forum, Highlighting the vital role women are playing in driving sustainability, innovation, and inclusive growth within the mining sector. African Mining Week serves as a critical platform for advancing gender inclusivity in the sector, uniting policymakers, investors, academics, and mining stakeholders to foster a sustainable future for the industry.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    Cloete will join a high-level panel discussion titled Mergers, Acquisitions, and Partnerships: Building Resilience in a Consolidating Industry, exploring the role of partnerships in ensuring supply chain resilience. Under Cloete’s financial leadership, Ivanhoe Mines has achieved several milestones, including partnerships with global players such as Zijin Mining, CITIC Metal, and Itochu; raising $490 million through equity in December 2023; and securing a $750 million debt package in early 2024 to support expansion.

    Her leadership has also been instrumental in the advancement of Ivanhoe Mines’ flagship projects, including the Kamoa-Kakula Copper Complex – the world’s highest-grade copper project – in the Democratic Republic of Congo (DRC). Ivanhoe Mines also reopened the Kipushi Mine, one of the largest copper deposits globally, in the DRC while expanding its African footprint by entering Zambia’s copper-rich North-Western Province and developing the Flatreef platinum group metals project in South Africa. Ivanhoe’s $75 million exploration budget for 2025, with a strong focus on Africa, further underscores its commitment to unlocking the continent’s mineral potential.

    African Mining Week represents an ideal platform for Cloete to share Ivanhoe Mines’ strategic investment approach, champion partnerships, and discuss the firm’s ongoing contribution to African economic growth, employment, and industrialization. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa

  • MIL-OSI Asia-Pac: SFST visits Toronto and calls on enterprises to develop wealth management and family businesses in Hong Kong (with photos)

    Source: Hong Kong Government special administrative region

    SFST visits Toronto and calls on enterprises to develop wealth management and family businesses in Hong Kong Issued at HKT 11:38

    The Secretary for Financial Services and the Treasury, Mr Christopher Hui, started his five-day visit to Canada on May 26 (Toronto Time). His first stop was Toronto, where he met with representatives of two banks and an insurance group immediately after his arrival in the city.

    Mr Hui arrived in Toronto in the afternoon. He started his itinerary with a meeting with the Group Head, RBC Wealth Management, Mr Neil McLaughlin, and Executive Vice President and Global Head, Strategy, Products and Digital Investing, Mr Stuart Rutledge, of the Royal Bank of Canada. He then proceeded to Scotiabank to meet with its Group Head for Global Wealth Management, Ms Jacqui Allard, and Vice President, Strategic Cultural Segments, Mr Amit Brahme.

    Both banks are deeply interested in the development of the wealth management business in Hong Kong. Mr Hui shared that Hong Kong is currently the largest cross-border wealth management hub in Asia, and some anticipate that Hong Kong will leap into first place globally by 2028. The family office business is an important segment of the asset and wealth management sector in Hong Kong. As of end-2023, the size of private banking and private wealth management business attributed to family offices and private trusts clients reached US$185.2 billion (HK$1,452 billion), providing huge business opportunities for the asset and wealth management sector and other related professional services (such as legal and accounting services). Mr Hui also highlighted the diversity of financial products in Hong Kong and the latest passage of the stablecoins legislation, providing investors with numerous investment options. The banks were encouraged to utilise the developmental strengths of Hong Kong’s asset and wealth management industry and establish their presence in Hong Kong.

    Mr Hui also met with the Group Vice President and Head of Asia of Power Corporation of Canada, Mr Henry Liu, this evening. He introduced to him the facilitation and concession provided by the Government to family offices looking to set up or expand their business in Hong Kong, such as no licence being required for a single family office under the Securities and Futures Ordinance if it does not carry on a business of regulated activity in Hong Kong. Single family offices can also enjoy profit tax exemption for qualifying transactions. Mr Hui highlighted the Government’s efforts in enhancing the preferential tax regimes for funds, single family offices and carried interest, including expanding the scope of “fund” under the tax exemption regime, increasing the types of qualifying transactions eligible for tax concessions for funds and single family offices and enhancing the tax concession arrangement on the distribution of carried interest by private equity funds. The Government targets working out the details of the proposals by this year and submitting the legislative proposals to the Legislative Council for consideration in 2026, striving to implement the relevant measures from the year of assessment 2025/26. Mr Hui called on the company to leverage the ideal business environment with stability and predictability to set up family offices in Hong Kong. Power Corporation of Canada operates a wide range of businesses covering North America, Europe and Asia, including insurance, wealth management and investment businesses.

    On May 27 (Toronto Time), Mr Hui will visit two insurance companies, meet with the Hong Kong-Canada Business Association (Toronto Chapter) and attend a business luncheon with financial leaders in Toronto. He will also pay a courtesy call to the Consul-General of the People’s Republic of China in Toronto.

    Ends/Tuesday, May 27, 2025
    Issued at HKT 11:38

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam

    Source: Republic of China Taiwan

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    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.

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

    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: Northfield Capital Announces Agreements to Acquire Additional Interest in Juno Corp., Completion of Acquisition of Remaining Minority Interest of Northfield Aviation and Proposed Issuance of Class B Multiple Voting Shares

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. Newswire Services or for release, publication, distribution or dissemination directly or indirectly, in whole or in part, in or into the United States.

    TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (the “Company”) announces that it has entered into binding share purchase agreements (the “Purchase Agreements”) with five shareholders of Juno Corp. (“Juno”) pursuant to which the Company has agreed to acquire an aggregate of 5,123,044 common shares of Juno (“Juno Shares”) in consideration for the issuance to such shareholders of an aggregate of 3,725,848 class A restricted voting shares in the capital of the Company (the “Class A Shares”). Pursuant to the transactions contemplated in the Purchase Agreements (collectively, the “Juno Share Acquisition”), each Juno Share will be exchanged for 0.727272727 of a Class A Share. The participation in the Juno Share Acquisition by Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Company, as described below, constitutes a Non-Arm’s Length Transaction (as such term is defined in the policies of the TSX Venture Exchange (the “TSXV”)).

    The Company also announces that, further to its news release of May 5, 2025, its wholly-owned subsidiary, Spruce Goose Aviation Inc. (“Spruce Goose”), has completed the acquisition (“Northfield Aviation Acquisition”) of all of the shares (the “Purchased Shares”) of Northfield Aviation Group Inc. (“Northfield Aviation”) not already owned by Spruce Goose.

    Following the completion of the Northfield Aviation Acquisition, Spruce Goose holds a 100% ownership interest in Northfield Aviation. The Northfield Aviation Acquisition was completed in accordance with the terms of the share purchase agreement dated May 5, 2025, between Spruce Goose and Iain Hayden. In consideration for the Purchased Shares, the Company issued to Mr. Hayden 60,000 Class A Shares (which shares are not subject to resale restrictions under applicable Canadian securities laws).

    Separately, the Company is pleased to announce the proposed issuance of an aggregate of 4,968 Class B multiple voting shares of the Company (the “Class B Shares”) to Mr. Robert Cudney, the President, Chief Executive Officer and a director of the Company, on a non-brokered private placement basis at a price of $6.00 per Class B Share, for aggregate gross proceeds of $29,808‬ (the “Class B Share Issue”) in order for Mr. Cudney to maintain his pro rata voting interest in respect of the Class B Shares following the completion of the Juno Share Acquisition and the Northfield Aviation Acquisition.

    The Juno Share Acquisition

    The Purchase Agreements contain customary representations, warranties and agreements, conditions to closing and other obligations of the parties. Closing of the Juno Share Acquisition is anticipated to be completed upon the Company obtaining disinterested shareholder approval in accordance with the policies of the TSXV. The Juno Share Acquisition will be exempt from prospectus requirements pursuant to Section 2.16 of National Instrument 45-106 – Prospectus Exemptions (the take-over bid and issuer bid transaction exemption).

    MI 61-101 and TSXV Policy 5.9

    Pursuant to Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), the transactions contemplated by the Purchase Agreement entered into between the Company and Mr. Robert Cudney (the “Cudney Purchase Agreement”) constitutes a “related party transaction” due to the fact that Mr. Cudney is an insider of the Company and has beneficial ownership of, or control or direction over, securities of the Company carrying more than 10% of the voting rights attached to all the outstanding voting securities of the Company. However, the Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 in respect of such transaction, as neither the fair market value of securities acquired from or issued to Mr. Cudney (individually or in the aggregate) pursuant to the Cudney Purchase Agreement, nor the fair market value of the transactions contemplated by the Cudney Purchase Agreement, exceeds 25% of the Company’s market capitalization as determined in accordance with MI 61-101. Disinterested shareholder approval will be required for the Juno Share Acquisition under the policies of the TSXV.
      
    Class B Share Issue

    As of the date hereof, Mr. Cudney beneficially owns, or exercises control and direction over, Class B Shares representing approximately 39.6% of the total voting power represented by the issued and outstanding voting securities of the Company. The Class B Share Issue is being undertaken to allow Mr. Cudney to maintain the total voting power represented by the Class B Shares held by Mr. Cudney immediately prior to the closing of the Juno Share Acquisition and the Northfield Aviation Acquisition. The Class B Shares are being issued in accordance with the resolutions of the shareholders of the Company passed at the meeting of shareholders of the Company held in December 1986, which authorized the board of directors of the Company (the “Board”) to issue additional Class B Shares to Mr. Cudney at an issue price equal to the market price of the Class A restricted voting shares of the Company on the day before the Board approves such issuance.

    The Class B Share Issue remains subject to approval by the TSXV. All securities issued and issuable pursuant to the Class B Share Issue will be subject to a hold period of four months plus one day from the date of closing of the Class B Share Issue.

    The Company intends to use the net proceeds of the Class B Share Issue for working capital and general corporate purposes.

    TSXV Policy 5.9 and MI 61-101

    Mr. Cudney is the President, Chief Executive Officer and a director of the Company, and accordingly, is a Non-Arm’s Length Party (as such term is defined in the policies of the TSXV) in relation to the Company and a “related party” of the Company pursuant to MI 61-101.

    The participation in the Class B Share Issue by a related party of the Company constitutes a “related party transaction” as defined under MI 61-101 and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV. However, pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company is exempt from obtaining a formal valuation and minority approval of the Company’s shareholders in respect of the Class B Share Issue due to the fair market value of the related party participation being below 25% of the Company’s market capitalization for the purposes of MI 61-101.

    About Northfield Capital Corporation

    The Company is a value-based investment and merchant banking company focused on the resource (critical minerals and precious metals) and transportation sectors.

    For further information, please contact:

    Michael G. Leskovec, CPA, CA
    Chief Financial Officer
    Telephone: (416) 628-5940

    Forward-Looking Information and Other Disclaimers

    This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws including, but not limited to, statements with respect to the Juno Share Acquisition, the Class B Share Issue (including, the anticipated closing dates thereof and the securities laws expected to be applicable thereto) and the receipt of disinterested shareholder approval for the Juno Share Acquisition. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information. Forward-looking information is based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct.

    Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management’s discussion and analysis that is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking information included in this news release are expressly qualified by this cautionary statement. The forward-looking information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    The securities offered will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent a registration statement or an applicable exemption from the registration requirements. The news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    The MIL Network

  • MIL-OSI: Questerre reports on Quebec Court of Appeal ruling on Bill 21

    Source: GlobeNewswire (MIL-OSI)

    THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS

    CALGARY, Alberta, May 26, 2025 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on the recent ruling by the Court of Appeal of Quebec related to Bill 21, An Act ending exploration for petroleum and underground reservoirs and production of petroleum and brine (“Bill 21”). A copy of the ruling in French is available online: https://courdappelduquebec.ca/fileadmin/jugements/200-09-010731-245_Arret_2025-05-22.pdf.

    Michael Binnion, President and Chief Executive Officer of Questerre, commented, “In its ruling, the Court of Appeal recognized the existence of a serious issue with respect to the constitutionality of Bill 21 and reinstated certain provisions of Bill 21. We will request leave to appeal this ruling to the Supreme Court of Canada. In the interim, we will ask the Court of Appeal to suspend this ruling until such time. This means that subject to our appeal, the Government of Quebec could move to enforce the specific provisions related to the abandonment and reclamation of existing wells.”

    He added, “This ruling by the Court of Appeal has no impact on the main trial on the merits of the case. We are following the legal process for this case and have a hearing this week on the Government representatives to be questioned prior to setting a trial date.”

    The ruling by the Court of Appeal relates to the appeal by the Attorney General of Quebec of a judgement rendered in January 2024 by the Quebec Superior Court suspending key provisions of Bill 21. A copy of the original ruling is available online: https://www.questerre.com/wp-content/uploads/2024/01/2024-01-25-Decision-English.pdf. The appeal concerns the analysis of the criteria applicable to the suspension of a law. The Court of Appeal dismissed the joint motion by the Company and other license holders for the review and annulment of the judgement granting the appeal and allowed the appeal.

    The Court of Appeal noted in its decision that the Justice did not err in law or exercise his discretion in an unjudicial or unreasonable manner in concluding there was a serious question to be decided. The Court of Appeal noted that the Justice erred in law on the balance of convenience test and did not presume that the suspension of Bill 21 would cause irreparable harm to the public interest. The ruling noted that in view of the importance of the public interest and the failure to demonstrate the benefits to the public of suspending key provisions of Bill 21 it allowed the appeal and overturned the Justice’s original decision.

    Questerre is an energy technology and innovation company. It is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources. We believe we can successfully transition our energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, we can sustain both human progress and our natural environment.

    Questerre is a believer that the future success of the oil and gas industry depends on the balance of economics, environment, and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future.

    Advisory Regarding Forward-Looking Statements

    This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) including the Company’s plans to seek leave to appeal to the Supreme Court of Canada, its plans to ask the Court of Appeal to suspend the ruling and the impact of this ruling on the main case.

    Forward-looking statements are based on several material factors, expectations, or assumptions of Questerre which have been used to develop such statements and information, but which may prove to be incorrect. Although Questerre believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Questerre can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Further, events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation: the implementation of Bill 21 by the Government of Quebec and certain other risks detailed from time-to-time in Questerre’s public disclosure documents. Additional information regarding some of these risks, expectations or assumptions and other factors may be found in the Company’s Annual Information Form for the year ended December 31, 2024, and other documents available on the Company’s profile at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Questerre undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    The MIL Network

  • MIL-OSI Asia-Pac: Christopher Hui departs for Canada

    Source: Hong Kong Information Services

    Secretary for Financial Services & the Treasury Christopher Hui will depart for Canada today to visit Toronto, Ottawa, and Vancouver.

     

    During his visit, Mr Hui will attend the premier Web Summit Vancouver, a key event, where he will share the latest fintech developments and opportunities in Hong Kong with thousands of tech entrepreneurs, investors and leaders.

     

    He will also join several business networking events organised by the Hong Kong Economic & Trade Office (Toronto) and Invest Hong Kong (Canada) to introduce Hong Kong’s advantages in areas such as the financial market, wealth management and fintech, along with the policy support and concessions offered to boost relevant developments and applications.

     

    In addition to conferring with government financial officials of Canada, Mr Hui plans to meet representatives from trade associations and think tanks. He will also visit a number of banks and insurance companies.

     

    Mr Hui is scheduled to return to Hong Kong on May 31. During his absence, Under Secretary for Financial Services & the Treasury Joseph Chan will be Acting Secretary.

    MIL OSI Asia Pacific News

  • EAM Jaishankar speaks to Canadian counterpart Anita Anand, discusses bilateral ties

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S. Jaishankar on Sunday held a telephonic conversation with newly appointed Canadian Foreign Minister Anita Anand. The two leaders discussed avenues to strengthen India-Canada relations.

    In a post on X, Jaishankar said: “Appreciate the telecon with FM Anita Anand of Canada. Discussed the prospects of India-Canada ties. Wished her a very successful tenure.”

    Anand, who recently assumed office as Foreign Minister in Prime Minister Mark Carney’s new government, reciprocated the sentiment, calling the exchange “productive” and expressing her intention to deepen cooperation with India.

    “Thank you, Minister S. Jaishankar, for the productive discussion today on strengthening Canada-India ties, deepening our economic cooperation, and advancing shared priorities. I look forward to continuing our work together,” Anand posted on X.

    Relations between India and Canada have been strained after former Prime Minister Justin Trudeau alleged Indian involvement in the killing of Khalistani extremist and NIA-designated terrorist Hardeep Singh Nijjar on Canadian soil in 2023—an accusation New Delhi rejected as “absurd” and “politically motivated.”

    Earlier this month, on May 14, Jaishankar had extended formal congratulations to Anand on her appointment. The congratulatory message followed the announcement of Prime Minister Mark Carney’s new 38-member cabinet, which includes 28 ministers and 10 Secretaries of State.

    (With inputs from ANI)

  • MIL-OSI: CIC Lyonnaise de Banque -Notice of Early Redemption-(ISIN Code: FR0000047789)

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE “DISCLAIMER” BELOW).

    Paris, May, 26th, 2025

    Notice of Early Redemption

    To : (i)      The Noteholders of the below mentioned Notes;
    (ii)      Euronext Paris
    (iii)      Fiscal Agent.

    Dear Sirs,

    CIC Lyonnaise de Banque
    “Titres Participatifs” Variable Rate Notes issued on 28 May 1985 (the ‘’Notes”)

    (ISIN Code: FR0000047789)

    CIC Lyonnaise de Banque is the issuer (the Issuer’’) of the Notes.

    In accordance with the terms and conditions of the Notes (the ‘’Conditions’’), the Issuer hereby gives notice that it is exercising in whole its right to redeem the Notes pursuant to the provision Redemption (‘’Remboursement’’) of the Listing Particulars (“Issuer Call Option”) of the Notes.

    We, the Issuer, instruct you as Fiscal Agent, to authorise the French Central Securities Depository to cancel the Notes redeemed on 30 June, 2025 (“Early Redemption Date”).

    For the purposes of the Issuer Call:

    (i) the Issuer Call Date will be 30 June, 2025; and
    (ii) the Optional Redemption Amount(s) or Early Redemption Amount excluding accrued interest is: EUR 300.68 per Denomination.

    Unless otherwise defined in this notice, capitalised terms used in this notice shall have the meaning given to them in the Listing Particulars (‘’Note d’Information’’) dated 1st June, 1985, as applicable, relating to the Notes.

    Yours faithfully,

    For and on behalf of

    CIC Lyonnaise de Banque

    By:

    Duly authorised

    DISCLAIMER
    This press release does not constitute an offer to purchase, or the solicitation of an offer to sell, the Instruments in the United States, Canada, Australia, or Japan or in any other jurisdiction, including France. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this press release comes are required to inform themselves and observe any such restrictions. No communication may be distributed to the public in any jurisdiction in which registration or approval is required. No action has been or will be taken in any jurisdiction where such action would be required; CIC Lyonnaise de Banque disclaims any liability for any violation by any person of such restrictions.

    Contacts
    Corporate Communications and Press Relations Department: +33 (0)1 53 48 26 00 – compresse@cic.fr
    Investor Relations: bfcm-web@creditmutuel.fr

    About CIC Lyonnaise de Banque

    A leading bank in the South-Eastern quarter of France, CIC Lyonnaise de Banque has a network of nearly 300 branches and 3,000 employees for its 1.3 million customers. To meet the needs of all economic players and to build a constantly performing offer on a daily basis, he combines the professions of finance, insurance, telephony and advanced technological services with a great financial strength reinforced by CIC Group and the Group parent company, Crédit Mutuel Alliance Fédérale. More information on CIC.fr

    Attachments

    The MIL Network

  • MIL-Evening Report: Israel’s new aid delivery system for Gaza is sparking outrage. Why is it so problematic?

    Source: The Conversation (Au and NZ) – By Amra Lee, PhD candidate in Protection of Civilians, Australian National University

    Some 2.1 million Gazans are facing critical hunger levels, with many at risk of famine following Israel’s 11-week blockade on aid intended to pressure Hamas.

    According to the United Nations, 57 children have already died from malnutrition since the aid blockade began on March 2. A further 14,000 children under 5 years old are at risk of severe cases of malnutrition over the next year.

    Last week, Israeli Prime Minister Benjamin Netanyahu permitted a limited number of aid trucks into Gaza amid increasing pressure from allies who have drawn a line at images of starving children.

    However, Israel is controversially planning to transfer responsibility for distributing aid in Gaza through a new system that would sideline the UN and other aid agencies that have been working there for decades.

    UN Secretary-General Antonio Guterres swiftly rejected Israel’s new aid distribution system in Gaza, saying it breaches international law and humanitarian principles.

    In a joint statement, two dozen countries, including the UK, many European Union member states, Australia, Canada and Japan, have supported the UN’s position on the new model. The signatories said it won’t deliver aid effectively at the scale required, and would link aid to political and military objectives.

    The UK, Canada and France have further threatened to take “concrete actions” to pressure Israel to cease its military offence and lift restrictions on aid.

    And in another blow to the credibility of the new system, the head of the newly established Gaza Humanitarian Foundation, which will oversee the distribution of aid, resigned on Monday. He cited concerns over a lack of adherence to “humanitarian principles”.

    So, how will would this new aid delivery system work, and why is it so problematic?

    A military-led system with deep flaws

    Israel has relied on unsubstantiated claims of large-scale aid diversion by Hamas to justify taking control over aid delivery in Gaza. The UN and its humanitarian partners continue to refute such claims, publicly sharing details of their end-to-end monitoring systems.

    Yet, the new aid delivery initiative is vague on important details.

    Several reports have revealed the plan would establish four secure distribution sites for aid under Israeli military control in southern and central Gaza.

    Security would be provided by private military contractors, such as Safe Reach Solutions, run by a former CIA officer, while the Gaza Humanitarian Foundation would oversee the distribution of food.

    There is little clarity beyond this on who is behind the new system and who is funding it.

    The initiative has provoked strong reactions from the UN and the wider humanitarian aid system.

    Senior aid officials have underlined the fact the international aid system cannot support a military-led initiative that would breach international law and be incompatible with humanitarian principles of neutrality, impartiality and independence.

    There are also concerns the four distribution hubs would require individuals to travel long distances to collect and carry heavy packages. This could leave female-headed households, people with disabilities, those who are ill and the elderly at greater risk of exclusion and exploitation.

    In addition, a leaked UN memo reportedly expressed concern over UN involvement in the initiative, saying the organisation could be “implicated in delivering a system that falls short of Israel’s legal responsibilities as an occupying power”.

    There are further concerns the UN could be implicated in atrocity crimes, including a risk of genocide through its participation in the system, setting a dangerous precedent for future crises.

    Tom Fletcher, the UN relief chief, has called the plan “a deliberate distraction” and “a fig leaf for further violence and displacement”.

    Other rights groups have condemned the mandatory collection of biometric data, including facial recognition scans, at the distribution sites. This would make aid conditional on compliance with surveillance. It would also expand Israel’s controversial use of facial recognition technology to track and monitor Palestinians throughout Gaza.

    And famine expert Alex de Waal claims Israel has “taken a page from the colonial war handbooks” in weaponising food aid in pursuit of military victory.

    He argues the planned quantities of food aid will be insufficient and lack the specialised feeding necessary for malnourished children, in addition to clean water and electricity.

    What has not been stated but can be implied from the strong resistance to the new system lacking humanitarian expertise: the lack of good faith on Israel’s part. The Israeli government continues to pursue an elusive military victory at the expense of the rules and norms intended to preserve humanity in war.

    Wider pattern of behaviour

    The UN’s rebuke of the plan should be interpreted through a wider pattern of Israeli government behaviour undermining the international aid system and its role in upholding respect for humanitarian principles.

    These fundamental principles include respect for humanity, neutrality, impartiality and operational independence. As the joint statement by 24 nations on aid to Gaza this month said:

    Humanitarian principles matter for every conflict around the world and should be applied consistently in every war zone.

    International humanitarian law requires member states to respect – and ensure respect – for the rules of war. This includes taking all feasible measures to influence the parties engaged in a conflict to respect humanitarian law.

    Likewise, the Genocide Convention requires member states to take measures to prevent and punish genocide beyond their jurisdictions.

    As Fletcher, the UN relief chief, reminded the UN Security Council earlier this month, this hasn’t been done in past cases of large-scale violations of international human rights, such as in Srebrenica (in the former Yugoslavia) and Rwanda.

    He said reviews of the UN’s conduct in cases like these

    […] pointed to our collective failure to speak to the scale of violations while they were committed.

    While humanitarians are best placed to deliver aid, greater collective political action is what’s needed. Pressure now falls on all UN member states use their levers of influence to protect civilians and prevent the further weaponisation of aid at this critical time.

    Amra Lee 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. Israel’s new aid delivery system for Gaza is sparking outrage. Why is it so problematic? – https://theconversation.com/israels-new-aid-delivery-system-for-gaza-is-sparking-outrage-why-is-it-so-problematic-257347

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: IAM Union Recognizes Aircraft Maintenance Technicians

    Source: US GOIAM Union

    Today, the IAM Union honors dedicated Aviation Maintenance Technicians across North America.
    We recognize the contributions and skills of AMTs and their vital role in ensuring the safety and reliability of aircraft. This day commemorates the birth of Charles E. Taylor, a key figure in early aviation history and the “Father of Aviation Maintenance.”

    Taylor built the first aircraft engine for the Wright Brothers’ successful flight. 

    “Our IAM Union is proud of each of the thousands of AMTs we represent and the countless other AMTs around North America,” said IAM Air Transport Territory General Vice President Richie Johnsen. “We thank them for keeping the flying public safe every day.”

    “As the largest and most powerful airline union in North America, we know that it is the workers of this industry who make it all possible,” said IAM Canadian General Vice President David Chartrand. “Together in unity, we will continue to win a brighter and more secure future.”

    The post IAM Union Recognizes Aircraft Maintenance Technicians appeared first on IAM Union.

    MIL OSI USA News

  • MIL-OSI Canada: Monday, May 26, 2025

    Source: Government of Canada – Prime Minister

    Ottawa, Ontario

    8:00 a.m. The Prime Minister will participate in the election of the Speaker of the House of Commons.

    West Block
    Parliament Hill

    10:30 a.m. The Prime Minister will chair the Cabinet meeting.

    West Block
    Parliament Hill

    1:00 p.m. The Prime Minister will welcome Their Majesties King Charles III and Queen Camilla upon their arrival in Canada.

    Canada Reception Centre

    Note for media:

    • Open to accredited media

    1:50 p.m. The Prime Minister will accompany Their Majesties the King and Queen as they meet with members of community organizations and the public.

    Lansdowne Park

    Note for media:

    • Open to pool media

    2:50 p.m. The Prime Minister will join Their Majesties the King and Queen as they plant a ceremonial tree on the grounds of Rideau Hall.

    Royal Grove
    Rideau Hall Grounds

    Note for media:

    • Open to accredited media

    4:00 p.m. The Prime Minister will have an audience with His Majesty King Charles III.

    Rideau Hall

    Notes for media:

    MIL OSI Canada News

  • MIL-OSI: Finfra Astra Fintech Launches Canada’s First Solana Accelerator in Partnership with MixMarvel — Named ‘AMS’

    Source: GlobeNewswire (MIL-OSI)

    Key Takeaways:

    • Accelerator with Local Roots: AMS combines Astra’s Solana expertise + MixMarvel’s 10-year Korea footprint to scout/grow top projects.
    • Funding & Ecosystem Boost: Backed by Astra’s $100M fund, AMS empowers Korean Solana startups .
    • Strategic PayFi Expansion: AMS fuels Astra’s payment business and Solana’s Korean adoption, reinforcing its HQ commitment.

    VANCOUVER, British Columbia, May 26, 2025 (GLOBE NEWSWIRE) — Astra Fintech, a Canada-based leader in blockchain-powered Finfra solutions, has partnered with MixMarvel, world’s leading content incubation platform and creators community, to launch AMS – first Canadian Solana Accelerator in Korea. This initiative underscores Astra’s commitment to Korea’s blockchain ecosystem, building on its earlier establishment of a local HQ and its $100M Solana-focused fund.

    AMS: Cultivating Korea’s Most Promising Solana Builders
    The AMS will identify and nurture high-potential Korean startups developing innovative solutions for the Solana ecosystem. Selected projects will gain access to:

    • Funding & Strategic Support: Backed by Astra’s $100M ecosystem fund, including direct investment opportunities.
    • Local & Global Resources: Leveraging MixMarvel’s decade-long expertise in Korea’s gaming and Web3 markets, combined with Astra’s fintech and cross-border payment capabilities (PayFi).
    • “Last Mile” Growth: Hands-on mentorship, technical infrastructure, and go-to-market strategies to accelerate commercialization.

    Why MixMarvel? A Gateway to Korea’s Web3 Ecosystem
    Astra’s partnership with MixMarvel—a platform with nearly 10 years of local influence, a vast creator network, and deep gaming/Web3 content expertise—ensures AMS can tap into Korea’s top talent and resources. This collaboration accelerates Astra’s dual goals:

    • Expanding its PayFi business through blockchain-native payment integrations.
    • Strengthening Solana’s ecosystem with scalable, Korea-born innovations.

    From Seoul to the World: Astra’s Korea-First Strategy
    “AMS Accelerator demonstrates Astra’s conviction in Solana’s potential to redefine global fintech,” said Jamie, Head of Partnership at Astra Fintech. “We’re particularly excited to support Korean innovators who are pushing boundaries in critical areas like Asset Issuing & Launching, Liquidity Providing, Programmable Payment, and Onchain Stock & Option Trading – these will be key focus areas for AMS’s selection criteria. Korea’s vibrant blockchain ecosystem is the ideal launchpad for this initiative, and we’re committed to providing both capital and strategic expertise to help these projects succeed at scale.”

    The accelerator reaffirms Astra’s strategic investments in Korea, including its HQ launch and $100M fund, while aligning with Solana’s vision for mass adoption. Applications for AMS’s first cohort will open soon.

    About Astra Fintech
    Astra Fintech is a Canada-based blockchain finance leader revolutionizing FinFra by bridging traditional and decentralized payments. As a strategic Solana ecosystem partner backed by Multicoin LPs, we deliver secure, borderless PayFi solutions while driving innovation through investments in next-gen financial infrastructure.
    X: https://x.com/AstraFintech

    About MixMarvel
    MixMarvel is the world’s leading blockchain content incubation platform and creator community supported by strong eco solutions and an investment arm. It has been connecting metaverse entrepreneurs, investors and mass users since 2017.

    Contact:
    Connie
    contact@astra.holdings

    Disclaimer: This is a paid post and is provided by Astra Fintech. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ab8d1c6-0ff4-4b92-8c66-f1fa85d8102d

    The MIL Network

  • MIL-OSI Canada: Statement by Prime Minister Carney welcoming Their Majesties The King and Queen to Canada

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, issued the following statement to welcome Their Majesties The King and Queen to Canada:

    “Today, we are honoured to welcome Their Majesties King Charles III and Queen Camilla to Canada.

    “The Royal Visit is a reminder of the bond between Canada and the Crown – one forged over generations, shaped by shared histories, and grounded in common values. A bond that, over time, has evolved, just as Canada has, to reflect the strength, diversity, and confidence of our people.

    “Tomorrow, His Majesty King Charles III will deliver the Speech from the Throne in the Senate Chamber, nearly 70 years after Canada’s Sovereign first opened Parliament. This historic honour matches the weight of our times. It speaks to our enduring tradition and friendship, to the vitality of our constitutional monarchy and our distinct identity, and to the historic ties that crises only fortify.

    “Canada’s strength lies in building a strong future while embracing its English, French, and Indigenous roots – the union of peoples that forms our bedrock. Canada in the 21st century is a bold, ambitious, and innovative country that is bilingual, committed to reconciliation, and truly multicultural.

    “To that end, the Speech from the Throne will outline the government’s ambitious plan to act with urgency and determination, and to deliver the change Canadians want and deserve: to define a new economic and security relationship with the United States, to build the strongest economy in the G7, to bring down the cost of living, and to keep communities safe.”

    MIL OSI Canada News

  • MIL-OSI Canada: Celebrating Canadian Citizenship: Diversity, Resilience and a Shared Future

    Source: Government of Canada News

    Statement

    Ottawa, May 26, 2025—The Honourable Lena Metlege Diab, Minister of Immigration, Refugees and Citizenship, issued the following statement today to mark the start of Citizenship Week, which runs from May 26 to June 1, 2025:

    “Each year, Citizenship Week offers our country an occasion to reflect on the meaning of citizenship. Canada is a mosaic that includes Canadians of all backgrounds and cultures, and that holds at its centre the histories of Indigenous Peoples and our commitment to reconciliation. This week, and every week, we embrace the shared rights and responsibilities that come with Canadian citizenship and remember the common values that define us as Canadians. We also take this moment to recognize that our diversity is our strength and to collectively recommit to building a better future for all who live here.

    “As Minister of Immigration, Refugees and Citizenship, a proud Lebanese Canadian, and the daughter of immigrants, taking this week to celebrate our newest citizens is especially meaningful to me.

    “It takes incredible courage to face the challenges and uncertainty of a new place, and to seek better opportunities and security for one’s family. As Canadians, it is our responsibility to continue to highlight the value that immigration brings to Canada, and to protect the inherent rights and dignity of those who seek to call it home.

    “I encourage people across the country to attend one of the many citizenship ceremonies open to the public this week. Being part of this important milestone in someone’s life is an honour and a privilege.

    “Every day across the country, Canadians find ways to show pride in their citizenship and exercise their rights as citizens, whether through volunteering in their communities, speaking up on issues of importance, learning our official languages, voting in elections, or celebrating national milestones. Each individual act is an affirmation of all there is to celebrate about being Canadian.

    “To those becoming citizens this week: your stories, your skills, and your decision to make this country home strengthen our nation, and your contributions and resilience will help carry us all forward.

    “This Citizenship Week, let us come together in celebration of our shared Canadian identity and all that unites us.”

    For further information (media only), please contact:

    Renée LeBlanc Proctor
    Press Secretary
    Minister’s Office
    Immigration, Refugees and Citizenship Canada
    Renee.Proctor@cic.gc.ca

    Media Relations
    People and Communications Sector
    Immigration, Refugees and Citizenship Canada
    613-952-1650
    media@cic.gc.ca

    MIL OSI Canada News

  • MIL-OSI Canada: A country of contrasts, united through stories. National Film Board of Canada 2025–2028 Strategic Plan now available.

    Source: Government of Canada News (2)

    Montreal, May 26, 2025 – The National Film Board of Canada (NFB) has now made its 2025–2028 Strategic Plan available.

    The plan lays out the NFB’s key priorities over the next three years:

    • Shape the NFB for next generations: Enlist emerging storytellers, engage new audiences, renew our organization.
    • Foster a culture of creativity and innovation: Empower artists to continue to push boundaries.
    • Elevate awareness of the NFB and esteem for the organization: Enhance public recognition of the NFB’s cultural contributions.
    • Expand and understand NFB audiences: Develop audience insights to evolve programming and increase engagement.

    These priorities are underpinned by the NFB’s ongoing commitments to gender parity, underrepresented communities, Indigenous communities, Francophone communities and official-language minority communities. The plan supports Indigenous narrative sovereignty and environmental, social and ethical sustainability.

    This plan is the result of consultations, discussions and surveys conducted with the industry and NFB collaborators. The plan strengthens the NFB’s dual purpose: to promote, preserve and reflect the Canadian sense of self while also serving as a galvanizing force for the country’s creative community, who hail from all backgrounds, generations and regions.

    QUOTE

    “Our 2025–2028 Strategic Plan speaks to our determination to tell bold, authentic, courageous stories that invite Canadians to see, listen, question and connect. This is our collective call to action—to creators, audiences and communities everywhere. In this moment of uncertainty, the role of inspiring and meaningful storytelling has never been more important as a means of protecting and ensuring the survival of our cultural sovereignty and identity. In a world searching for clarity and meaning, the NFB will always be here, crafting essential stories that matter, for a Canada ready to imagine what comes next.”

    – Suzanne Guèvremont, Government Film Commissioner and Chairperson of the NFB

    You can read the Strategic Plan and listen to the Commissioner’s overview of it in the Action podcast, here: www.nfb.ca/vision.

    Read the Strategic Plan summary here.

    About the NFB
    For more than 80 years, the National Film Board of Canada (NFB) has produced, distributed and preserved those stories, which now form a vast audiovisual collection—an important part of our cultural heritage that represents all Canadians.

    To tell these stories, the NFB works with filmmakers of all ages and backgrounds, from across the country. It harnesses their creativity to produce relevant and groundbreaking content for curious, engaged and diverse audiences. The NFB also collaborates with industry experts to foster innovation in every aspect of storytelling, from formats to distribution models.

    Every year, another 50 or so powerful new animated and documentary films are added to the NFB’s extensive collection of more than 14,000 titles, half of which are available to watch for free on NFB.ca.

    Through its mandate, its stature and its productions, the NFB contributes to Canada’s cultural identity and is helping to build the Canada of tomorrow.

    – 30 –

    Stay Connected

    Online Screening Room: nfb.ca
    NFB Facebook | NFB X | NFB Instagram | NFB Blog | NFB YouTube | NFB Vimeo
    Curator’s perspective | Director’s notes

    MIL OSI Canada News

  • MIL-OSI Global: Promoting social inclusion through pet companionship

    Source: The Conversation – Canada – By Renata Roma, Postdoctoral Fellow, Center of Behavioural Sciences and Justice Studies/Pawsitive Connections Lab, University of Saskatchewan

    The benefits of pet companionship have been widely researched and celebrated.

    Pets can improve our mood and immune system. They can also encourage staying active and fit, offer emotional comfort and companionship, and foster social connections. Pets can even increase life expectancy.

    Unfortunately, pet companionship is not always easily accessible to everyone. Several groups face hurdles when it comes to sharing time or living with a pet. Some of the hurdles that people can face when accessing pets include the lack of pet-friendly housing and financial resources to afford pet food and veterinary care.

    There can also be more concrete barriers to pet companionship, such as no-pet clauses in rental agreements or no-pet policies in retirement homes.

    As we strive for social equality, it is essential to address hurdles that prevent some people from experiencing the known benefits of spending time or living with a pet.

    Challenges and misconceptions

    Several factors can make pet companionship less accessible. Some of these factors include lack of appropriate housing and lack of financial resources for pet food and pet-related veterinary services. A Canadian survey found that new immigrants and young people aged 18 to 34 years are the groups most affected by these factors and, often, elderly people experience housing-related and financial challenges.

    For pet guardians, the inability to pay for grooming services, food or health-care services can create feelings of distress and, for their pets, this can lead to a reduced quality of life. In this case, we see that the well-being of both pet guardians and their beloved pets can be compromised.

    Moreover, some studies link higher income to an increased likelihood of living with companion animals. When it comes to economic factors, it is concerning that some believe certain groups of people should not be pet guardians. The Michelson Found Animals Foundation highlights several misconceptions about living with companion animals, which are often associated with financial hardships.

    For example, some people believe that people who live in apartments, rather than homes with backyards and green space, should only have small dogs as pets. However, this belief ignores a dog’s energy level as some small dogs are highly energetic while some big dogs are less energetic. This belief also does not consider the guardian’s ability to provide mental and physical stimulation for their dog.

    Still other people believe that if someone cannot afford the costs associated with caring for a pet, they should not have a one. This belief only reinforces social inequalities and reflects a deeper form of discrimination.

    Financial problems and housing restrictions may force people to give up their pets, and this is an emotionally difficult decision. Research by Christine Yvette Tardif-Williams, one of the authors of this story, with childhood and youth researcher Rebecca Raby and graduate students at Brock University shows how homeless children often navigate feelings of emotional intimacy towards their pets alongside feelings of loss and grief. In this research, homeless children shared stories about missing or losing companion animals either through separation or death.

    Research also shows that most people experiencing homelessness are responsible pet guardians, and that their pets are often very healthy and that they too benefit from human companionship — it’s a mutually beneficial, two-way emotional connection.

    A more equitable future in pet companionship

    Pet companionship and systemic inequalities are interconnected. For instance, many socioeconomically disadvantaged and marginalized families and communities — including, but not limited to, racialized, Indigenous, homeless, immigrant and refugee families and their children — face barriers to pet companionship.

    We need targeted strategies and policies to reduce the barriers faced by these families and communities. It is important to create more opportunities for people and pets to live together. This can help us to address social inequality in pet companionship among diverse groups.

    Some studies highlight the need for increasing access to free or low-cost veterinary care. Making shelters and housing more pet-friendly is also essential. Promoting campaigns to reduce misconceptions about pet companionship among diverse groups of people is another key strategy.

    One example of a program that helps make pet companionship more accessible is Community Veterinary Outreach (CVO).This is a registered charity located across different provinces in Canada. They provide health care for people and preventive care for pets. They also run education programs covering topics such as animal behaviour, nutrition, and dental care. Together, these services help to support vulnerable populations living with pets.

    Another example is the PetCard program, a Canadian financing program that offers flexible options for people to split the payment of veterinary-related services.




    Read more:
    How ‘One Health’ clinics support unhoused people and their pets


    However, we need more consistent collaborative work that begins by raising awareness about the importance of pet companionship for diverse groups of people. Expanding this discussion can help us design fairer policies about pet companionship, foster social justice and bring communities together.

    Overlooking the relevance of this discussion can reinforce discriminatory views around pet companionship.

    Supporting pet companionship

    It is problematic when access to pet companionship is restricted due to a family’s economic status or housing opportunities, since it means they’re less likely to experience the well-being benefits of pet companionship. In this way, pet-related benefits are limited to a select and privileged group.

    We can help people and animals build meaningful bonds by promoting equitable access to companionship. The needs of pets must also be prioritized in any effort to increase access to pet companionship. This means making sure pets’ physical and emotional needs are met and that they also benefit from the human-pet bond. Pets’ well-being and rights should always come first when making pet companionship more accessible.

    To create a fair approach to supporting pet companionship among diverse populations, we need to balance human and pet needs and ensure the well-being of both humans and their pets.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Promoting social inclusion through pet companionship – https://theconversation.com/promoting-social-inclusion-through-pet-companionship-255089

    MIL OSI – Global Reports

  • MIL-OSI Canada: Parliamentary secretary’s statement on Anti-Racism Awareness Week

    Source: Government of Canada regional news

    Jessie Sunner, parliamentary secretary for anti-racism initiatives, has released the following statement in recognition of Anti-Racism Awareness Week, May 26 to June 1, 2025: 

    “Today marks the beginning of Anti-Racism Awareness Week in British Columbia — an important time to reflect on the work we have done and what we still need to do to confront racism in all its forms.

    “Racism, whether overt or subtle, systemic or interpersonal, continues to harm individuals and communities throughout our province. It affects access to education, health care, employment and justice. It erodes trust in systems and in one’s sense of belonging.

    “One person acting alone cannot eradicate racism, nor can it be done overnight. That is why each and every one of us must commit to being actively anti-racist every day, in every aspect of our lives.

    “As government, we are committed to fighting racism in all its forms and have taken significant strides to dismantle it. We are coming up on the one-year anniversary of the launch of the Racist Incident Helpline, and we have already seen it have a tremendous impact, with 94% of callers saying their needs have been met.

    “We continue to stand with communities affected by hate. So far, the Anti-Hate Community Support Fund has helped 36 organizations with over $500,000 to repair damage and improve safety at places like cultural centres and places of worship. At the same time, work is ongoing to address deeper issues of racism through regular meetings to shape the Anti-Racism Action Plan and continued research, under the Anti-Racism Data Act, into the systemic barriers facing Indigenous and racialized people throughout B.C.

    “We know this is just the beginning. There is still much work ahead to dismantle the deep-rooted systems of racism and build a just, inclusive and safe province for everyone.

    “Being anti-racist is a year-round commitment, not just something confined to one week. I encourage everyone to explore how they can be anti-racist, whether that’s by attending cultural events, learning through workshops, or having honest and open discussions with your loved ones and colleagues. By marking Anti-Racism Awareness Week in our own meaningful ways, we take steps together toward building a province where everyone feels valued, respected and seen.”

    MIL OSI Canada News

  • MIL-OSI Canada: Royal Canadian Air Force to unveil names and liveries for Future Aircrew Training program aircraft

    Source: Government of Canada News

    May 26, 2025 – Ottawa – National Defence / Canadian Armed Forces

    Following the Government of Canada’s May 2024 announcement of the acquisition of 71 new aircraft as part of the Future Aircrew Training (FAcT) program, Lieutenant-General Eric Kenny, Commander, Royal Canadian Air Force, will unveil the aircrafts’ official names and liveries (paint schemes) at CANSEC 25. The FAcT program, operated in collaboration with SkyAlyne, is the next-generation RCAF Aircrew training initiative, worth $11.2 billion, that will enable aviators to operate aircraft for Canada’s rapidly modernizing Air Force over the next 25 years.

    What:  The official names and liveries (paint schemes) for the training fleets being procured as part of the Future Aircrew Training program will be unveiled.

    Who:  Lieutenant-General Eric Kenny, Commander, Royal Canadian Air Force

    When:  10:15 a.m. on Wednesday, May 28, 2025.

    Where: The Canadian Association of Defence and Security Industries’ CANSEC 2025, the media availability area, directly outside the CANSEC Media Room at the entrance to Hall 2, EY Centre 4899 Uplands Dr, Ottawa, ON

    Notes to editor / news director: 

    Media interested in attending must be registered with CANSEC 2025.

    Royal Canadian Air Force Links

    Royal Canadian Air Force Facebook

    Royal Canadian Air Force X

    MIL OSI Canada News

  • MIL-OSI: Best Senior Dating Sites & Mature Dating Apps: Senior Match Review for 50+ Singles

    Source: GlobeNewswire (MIL-OSI)

    Vaughan, Ontario, May 26, 2025 (GLOBE NEWSWIRE) — Introduction: Why Senior Dating Is Thriving in 2025

    As people live longer, healthier lives, the desire for meaningful companionship well into our 50s, 60s, and beyond has become more common. Online platforms tailored for mature adults have grown rapidly, offering new ways to connect and form lasting bonds. Among these options, Senior Match has built a reputation as one of the most trusted platforms for older singles.

    Join the Best Senior Match Website for Free!

    In this review, we’ll explore how Senior Match works, what makes it stand out in the senior dating space, and whether it’s the right platform for you. Whether you’re newly single, divorced, or just ready to meet someone who understands your life stage, this guide covers everything you need to know.

    What Is Senior Match? Overview & Background

    Senior Match is an online dating service specifically designed for individuals aged 50 and above. Launched in 2001, the platform has maintained a clear mission: to create a safe and welcoming environment where mature singles can find love, friendship, and travel companions.

    With over one million registered members and thousands of active users weekly, Senior Match stands out for its age-focused community and straightforward approach. Unlike multi-age platforms, it doesn’t admit members under 45, which keeps interactions relevant and aligned with the interests of older adults.

    The platform is accessible via both desktop and mobile apps, offering flexibility for users regardless of their tech preferences.

    Mature Dating Made Simple – Discover Matches Near You on Senior Match

    Who Should Join Senior Match? Target Audience

    Senior Match is built for adults over 50 who are looking for a relationship, casual companionship, or new friendships. The community includes retirees, professionals, widowers, and individuals who want to re-engage with the dating world at their own pace.

    It’s also suitable for those who value personal connections, maturity, and thoughtful conversations over swiping-based interactions. However, while it accommodates a wide range of relationship goals, it’s more geared toward meaningful engagement than short-term flings.

    For LGBTQ+ seniors, the site does offer some functionality but remains predominantly focused on heterosexual dating, which may limit experience diversity in that area.

    Platform Features: How Senior Match Works

    Senior Match offers a clean, intuitive interface that’s easy to navigate. Registration is quick, requiring basic details such as age, location, interests, and a profile picture. Once set up, users can access various features:

    • Search Filters: You can filter potential matches by age, region, lifestyle habits, and personal values. Free users access basic filters, while premium members enjoy advanced sorting options.
    • Match Suggestions: Unlike algorithm-driven matches, Senior Match allows users to browse profiles at their own pace. This manual process encourages more thoughtful engagement.
    • Communication Tools: Members can send winks, add favorites, and reply to messages. Direct messaging is reserved for upgraded accounts.
    • Community Features: The platform includes blog posts, senior dating advice, safety tips, and even first date ideas — contributing to a more holistic dating experience.
    • Mobile App: The app mirrors the website’s functionality and is available for Android and iOS. While not as flashy as modern dating apps, it performs reliably for messaging and profile browsing.

    Finally, a Senior Dating Site That Gets You — Try Senior Match Today!

    Free vs Paid Membership: What Do You Get?

    The free version of Senior Match allows users to create a profile, browse other members, send limited winks, and participate in blog discussions. However, direct communication with other users — including replying to messages — is locked behind the paid tier.

    Upgrading to a premium plan unlocks full messaging capabilities, access to who viewed your profile, and advanced search options. It also boosts visibility, placing your profile higher in search results and giving you a greater chance of being seen.

    While the free version is a good starting point, most users eventually move to premium for a fuller experience.

    Senior Match Pricing & Plans (Updated 2025)

    Senior Match offers three premium subscription options as of 2025:

    • 1 Month Plan: $29.95
    • 3 Month Plan: $59.95 ($19.98/month)
    • 6 Month Plan: $95.95 ($15.99/month)

    These plans are competitively priced within the senior dating market. The six-month plan offers the best value, especially for users committed to finding a match over time.

    Subscriptions auto-renew by default, so it’s important to manage your billing settings if you prefer not to continue. Refunds are not guaranteed, so consider starting with a short-term plan if you’re trying it for the first time.

    Ready for Real Connection? Join the Best Senior Dating Site Now!

    User Safety, Privacy & Verification

    Senior Match emphasizes user safety, especially for an audience that may be more vulnerable to online scams. All new profiles undergo manual review before being published, and uploaded photos must meet content guidelines.

    The platform has tools to block users, report suspicious activity, and protect personal data. Email verification is required to complete signup, and user information is never publicly displayed beyond profile basics.

    Unlike some mainstream apps, Senior Match is relatively free of bots or fake accounts — a point highlighted in many external reviews.

    Real Senior Match Reviews & Testimonials

    Below are experiences shared by users on platforms like RetirementLiving and the official Senior Match site:

    Marsha D., 62 – Austin, TX
    “I joined out of curiosity and ended up meeting someone special within a few weeks. The site feels safe, and I appreciated how simple everything was.”

    Robert F., 68 – St. Petersburg, FL
    “The profile setup was quick, and I like how it’s tailored for people like me. Conversations feel more mature and respectful than what I experienced on other platforms.”

    Helen M., 59 – Sacramento, CA
    “I wish the free plan had more features, but the upgrade was worth it. I’ve had meaningful chats and even gone on a few dates.”

    Douglas S., 73 – Boston, MA
    “It’s nice to have a dating app where you don’t feel out of place. No one here is playing games, and that’s what I wanted.”

    Patricia K., 65 – Chicago, IL
    “Customer support was responsive when I had trouble logging in. That gives me confidence in the site’s credibility.”

    Disclaimer: This review includes general information and user feedback. Results may vary. This is not a paid endorsement, but we may earn a commission if you register through links on this page.

    The Mature Dating Site Everyone’s Talking About in 2025 – Don’t Miss Out!

    Pros and Cons of Senior Match

    Pros:

    • Exclusively for adults over 50
    • Clean, easy-to-use interface
    • Manual profile approval for added safety
    • Helpful community blog and dating tips

    Cons:

    • Messaging limited to premium users
    • No video call features
    • Not ideal for LGBTQ+ matchmaking

    Senior Match vs Other Senior Dating Sites

    Here’s how Senior Match stacks up against its main competitors:

    Senior Match vs OurTime

    • OurTime has a broader audience but includes users under 50
    • Senior Match offers a more age-focused environment
    • OurTime has more ads and upsells

    Senior Match vs SilverSingles

    • SilverSingles uses a personality test for matching
    • Senior Match offers more browsing freedom
    • SilverSingles is better for long-term matchmaking, but Senior Match feels less rigid

    Senior Match vs eHarmony 50+

    • eHarmony has a higher subscription fee and a longer sign-up process
    • Senior Match gets users into conversations faster
    • Both are serious about relationship-focused dating

    Bottom Line: If you’re over 50 and want a platform exclusively tailored to your age group with less clutter, Senior Match delivers that niche experience better than its competitors.

    Thousands over 50 are finding love on Senior Match – what are you waiting for?

    Senior Match Mobile App Review (iOS & Android)

    The Senior Match mobile app retains all major website features in a compact format. While the design isn’t flashy, users praise its simplicity — which benefits those who may not be tech-savvy.

    Features include:

    • Profile browsing
    • Messaging (for premium users)
    • Daily match suggestions
    • Account management

    Both the iOS and Android versions receive favorable reviews, with most complaints relating to occasional bugs rather than core functionality.

    Tips for Getting the Most Out of Senior Match

    Here are practical ways to make your experience more successful:

    • Craft a strong profile: Use clear photos and honest, warm descriptions.
    • Be proactive: Don’t wait for others to message — send winks or thoughtful messages.
    • Stay safe: Avoid sharing personal details too early and use in-app communication only.
    • Engage in community blogs: Sharing thoughts on relationships and senior life can attract attention.
    • Be patient: Finding the right person takes time, especially when your standards are higher.

    Why Settle? The Best Senior Dating Site Is Waiting – Explore Now

    Frequently Asked Questions (Senior Match FAQs)

    Q1: Is Senior Match completely free?
    You can browse and create a profile for free, but messaging and advanced features require a paid subscription.

    Q2: How do I cancel auto-renewal?
    Go to Account Settings → Subscription → Turn off auto-renewal.

    Q3: Is Senior Match available on mobile?
    Yes, you can download it from the App Store or Google Play.

    Q4: What’s the average user age?
    Most users are between 55 and 70 years old.

    Q5: Can I block or report someone?
    Yes, the platform allows blocking and reporting directly from the user’s profile.

    Q6: Are there fake profiles?
    Manual review helps keep the site clear of bots, though vigilance is still advised.

    Q7: Can I use it internationally?
    Yes, although the majority of users are based in the U.S., there are global members.

    Q8: Is the platform LGBTQ+ friendly?
    Support is limited; it caters more to heterosexual matchmaking.

    Q9: Can I upload multiple photos?
    Yes, profiles support several images for better visibility.

    Senior Match Success Stories: Real-Life Connections That Lasted

    Nothing showcases the platform’s value better than real success stories. Senior Match features numerous testimonials from couples who met through the platform and went on to build lasting relationships.

    Barbara & Greg – Atlanta, GA
    After joining the platform in early 2023, Barbara connected with Greg within the first month. They began chatting daily, bonding over books and weekend gardening. After six weeks, they decided to meet for coffee — now they’re planning a cross-country road trip together.

    Deborah & Alan – Scottsdale, AZ
    Deborah, a 64-year-old retired teacher, was hesitant to try online dating. But Senior Match’s user-friendly design helped her ease into the process. She met Alan, 67, and the two now enjoy art shows and salsa classes every week.

    James & Carol – Naples, FL
    Both divorced in their 60s, James and Carol had almost given up on dating. Their connection started with a shared interest in photography. Today, they’re both exploring Europe — with travel photos featured on their joint blog.

    These stories aren’t rare. They represent a growing trend of successful long-term connections initiated online — especially when platforms are designed with mature adults in mind.

    Swipe Less, Connect More – The Mature Dating App Seniors Trust

    2025 Trends in Senior Dating & What They Mean for You 

    The senior dating world has evolved dramatically in recent years. In 2025, new trends are shaping how people over 50 approach relationships online:

    1. Increased Mobile Use Among Seniors

    More users over 60 are using mobile dating apps. Senior Match’s mobile compatibility keeps pace with this shift, offering a smooth user experience on smartphones and tablets.

    2. Video Introductions (Still Lacking on Senior Match)

    Many modern dating apps now feature short video intros — something Senior Match doesn’t currently offer. Users seeking that feature may find it missing here, though the blog and profile space allow for a deeper self-description.

    3. AI-Powered Match Suggestions

    Platforms are beginning to adopt AI to suggest compatible matches. While Senior Match doesn’t use AI algorithms, this may be an area for future improvement.

    4. Offline Meetups & Events

    Many seniors now expect platforms to host virtual or in-person social events. Senior Match currently doesn’t organize community meetups, but the messaging tools do support arranging them independently.

    5. Voice and Phone-Based Connections

    Some services now allow users to talk directly via app-based calls. This is not yet offered by Senior Match, which relies entirely on text-based chat.

    While not the most tech-advanced, Senior Match remains a reliable and trusted platform for those who value simplicity, safety, and connection.

    Meet Local Singles on the Senior Dating Site Built for Real Relationships

    Senior Match for Divorced & Widowed Singles

    Many members on Senior Match are navigating the dating scene after a significant life change, such as divorce or the loss of a spouse. This platform provides a space where emotional maturity, patience, and shared life experiences are deeply appreciated.

    For Divorced Singles:
    The transition from a long-term relationship to single life again can be overwhelming. Senior Match allows individuals to re-enter the dating world at their own pace. The ability to take things slowly, read detailed profiles, and communicate before meeting in person makes it easier to rebuild trust and confidence.

    For Widowed Members:
    Grief can make starting over daunting. What stands out about Senior Match is its respectful community, where users understand the value of second chances. Many profiles openly state if someone is widowed, helping to foster understanding and empathy.

    Tips for Success:

    • Be honest about your relationship history in your profile
    • Focus on shared values rather than rushing into romance
    • Use the blog and advice sections for inspiration on reentering dating

    Whether you’re looking for companionship, friendship, or romance, Senior Match gives divorced and widowed users a soft landing and new beginning.

    Fall in Love Again with the #1 Senior Dating Site Online

    Senior Match Photo Guidelines & Profile Tips

    Your profile is your first impression, and on a platform like Senior Match, a thoughtful presentation can make all the difference. Here’s how to stand out:

    Profile Photo Tips

    • Use a recent photo: It builds trust and avoids awkward surprises.
    • Smile naturally: A warm expression invites conversation.
    • Avoid filters: Authenticity resonates with this audience.
    • Dress neatly: Casual yet polished photos perform best.

    About Me Section

    • Write in first person: “I enjoy morning walks…”
    • Mention lifestyle habits: travel, hobbies, favorite books or activities
    • Keep it concise but personal — avoid clichés

    What You’re Looking For

    • Be clear if you’re seeking a serious relationship or companionship
    • Mention non-negotiables kindly (e.g., non-smoker, pet lover)

    This section is your personal space to shine. It’s not about being perfect — it’s about being real. A profile that reflects who you are today (not who you were 10 years ago) will connect better.

    How to Stay Safe When Meeting Matches Offline

    Meeting someone from an online platform in real life can be exciting — and nerve-wracking. Senior Match encourages users to stay cautious and informed.

    Key Safety Tips:

    • Always meet in a public place: Coffee shops, parks, or restaurants are great choices.
    • Tell a friend or family member your plans: Share the location and expected time of return.
    • Use your own transportation: Maintain independence and flexibility.
    • Avoid alcohol on the first meeting: Stay alert and in control.
    • Keep personal items secure: Don’t leave phones, bags, or medication unattended.

    Red Flags to Watch For:

    • Pressuring to meet privately or too soon
    • Evasive answers to simple questions
    • Financial requests or emotional manipulation

    Senior Match itself doesn’t arrange in-person events, so all meetups are independently planned. Use good judgment, take your time, and trust your instincts.

    Your Next Chapter Starts Here – Find Companionship on a Leading Senior Dating Site

    How Senior Match Supports Travel Companionship Connections

    Senior Match isn’t just about finding romantic partners — it’s also a hub for seniors looking for travel buddies and companions to explore the world with.

    Many users specify in their profile whether they enjoy traveling or are looking for someone to accompany them on trips. Whether it’s a domestic road trip, a cruise, or international adventure, finding someone with similar travel interests can be easier than you think.

    How to Highlight Travel Interests:

    • Add destinations you’ve visited or dream of exploring
    • Mention whether you prefer solo-style exploration or guided tours
    • Include photos from past travels in your gallery

    By using travel-related keywords and filtering profiles with shared travel goals, Senior Match users can connect with others who are equally adventurous. It’s a great way to turn wanderlust into connection — even if romance isn’t the primary goal.

    Senior Match Customer Support & Community Engagement

    While many platforms rely on automated support, Senior Match offers responsive assistance for both technical and account-related queries.

    Support Features Include:

    • Email support for billing or login issues
    • FAQ section covering subscriptions, safety, and account settings
    • Manual profile/photo review with guidelines available on-site

    The platform’s blog and dating advice section also act as informal community spaces. Users can read posts on confidence, senior lifestyle, or dating etiquette — all geared toward a mature audience.

    Though it doesn’t have a public forum or direct peer-to-peer threads, Senior Match’s clean layout makes support resources easy to locate. The ability to reach out directly when something goes wrong (or simply ask for help) contributes to overall user satisfaction.

    Experience Real Conversations – Try the Senior Dating Site That Works

    How to Identify a Genuine Profile on Senior Match

    With thousands of members active each week, it’s important to know how to distinguish between genuine and questionable profiles. Senior Match makes efforts to verify new accounts, but here’s how you can spot sincerity from the start.

    Traits of a Genuine Profile:

    • Multiple, recent photos: Real members usually share at least two or three clear images.
    • Complete bios: A real profile will include hobbies, background, and what the person is looking for.
    • Message depth: Responses that reflect your profile or ask personal questions are a good sign.
    • Consistent tone: Watch for people who answer clearly and consistently without copy-paste replies.

    Red Flags:

    • No profile photo or only one overly polished image
    • Vague responses like “I like you” or “You’re special” without context
    • Fast attempts to move the conversation off-platform
    • Profiles that seem too perfect or too broad

    Always trust your instincts. Senior Match gives you tools like “Favorites” and “Viewed Me” to gauge interest and interaction patterns over time.

    Finally, a Senior Dating Site That Gets You — Try Senior Match Today!

    How to Spot Romance Scams and Stay Protected

    While Senior Match works to keep scammers out, no platform is completely immune. Older users, especially those new to online dating, can be vulnerable to deception.

    Common Romance Scam Tactics:

    • Claims of love too soon, within a few messages
    • Excuses to avoid video calls or in-person meetings
    • Financial stories: sudden emergencies, medical bills, or travel issues
    • Long, emotionally charged messages early on

    How to Stay Safe:

    • Never send money or gift cards to someone you haven’t met
    • Don’t share financial or personal information (e.g., social security number, address)
    • Use Senior Match’s messaging tools until you’re fully comfortable
    • Report any suspicious activity immediately

    Senior Match provides a “Report” button on all profiles. It’s your right to use it when something doesn’t feel right. Staying cautious doesn’t mean being fearful — it means protecting your time and peace of mind.

    Long-Distance Dating on Senior Match: Does It Work?

    Many seniors are open to connecting with people outside their hometown. Whether it’s due to relocation plans, retirement travel, or simply wanting a larger pool of matches, long-distance dating is increasingly common.

    Tips for Long-Distance Connections:

    • Use the search filters to widen your location radius
    • Clarify upfront whether travel is possible — for you and your match
    • Stay consistent with messaging, video calls, and occasional surprises
    • Plan realistic in-person meetings after trust has been built

    Some users even relocate after finding a strong connection. Others agree to meet halfway or take turns visiting. The key is managing expectations and ensuring both people are equally invested.

    Senior Match doesn’t provide location match alerts, so it’s up to you to use filters and keywords (like “willing to relocate”) to find those with shared flexibility.

    Meet Real People, Not Games – Join the Best Mature Dating Site Online

    How to Break the Ice on Senior Match

    Starting a conversation on a dating site can feel awkward, but Senior Match users tend to appreciate kindness, clarity, and directness.

    Here’s how to open with impact:

    • Reference something in their profile: “I noticed you enjoy hiking. Have you visited any trails recently?”
    • Compliment with context: “You have a great smile — and your dog looks adorable too!”
    • Use humor, gently: A light joke can disarm tension but keep it respectful
    • Ask thoughtful questions: “What’s one place you’ve always wanted to visit?”

    What to Avoid:

    • “Hi” or “How are you?” with no follow-up
    • Overly flirty or romantic lines too soon
    • Asking for phone numbers in the first message

    A great icebreaker shows that you’ve read the person’s profile and are genuinely interested in them as a person, not just their photo.

    How Senior Match Protects Against Fake Bots

    Unlike many free or younger-focused apps, Senior Match maintains a strict policy against fake accounts and spam bots. Here’s how the platform keeps things authentic:

    Key Safety Measures:

    • Manual Review: All profiles and photos go through a human approval process
    • No Instant Messaging: Members must mutually engage before deeper messaging occurs, reducing bot intrusion
    • Email Verification: New users must confirm their email to activate the account
    • Report and Block Tools: Easily remove unwanted messages or suspicious profiles from your view

    While no platform is entirely bot-free, Senior Match maintains a clean user base through consistent moderation. Users frequently note that they feel safer and more respected here than on mainstream dating sites where automation is more prevalent.

    If you do come across a suspicious profile, use the “Report” feature — the team usually responds quickly.

    You’re not too late. The best Senior Dating Site is still growing fast

    What Happens After You Find a Match?

    Finding someone you genuinely connect with is a rewarding moment — but what happens next? Senior Match doesn’t pressure users to delete their profiles once they pair up, so you can take the next step at your own pace.

    Steps After a Successful Match:

    • Start planning offline meetups: Choose neutral, public locations for first meetings
    • Exchange contact info safely: After a few conversations, you may decide to move communication off the platform
    • Decide if you want to pause your account: Senior Match allows account suspension without deletion
    • Update your profile: If you’re seeing someone exclusively, note it in your profile or set your visibility to “off”

    Many users keep their account active as a backup or simply to stay connected with friends. Whether your journey ends with one match or multiple experiences, Senior Match supports your choices without pressure.

    Senior Match as a Platform for Friendship, Not Just Romance

    Not every user on Senior Match is looking for romantic love. A large segment of the community joins to find companionship, friendship, or activity partners in their area.

    Some are widowed and not ready to date again, while others are relocating and looking to expand their social circle. The platform allows users to clearly indicate their goals in their profile, whether that’s:

    • Coffee meetups
    • Shared travel adventures
    • Fitness partners
    • Conversation buddies

    Don’t miss your chance to join the most trusted Mature Dating App in 2025

    How to Attract Friendship-Based Matches:

    • Select “Friendship” in your relationship goals
    • Mention social hobbies like gardening, hiking, or cooking classes
    • Include warm, approachable language in your profile description

    This makes Senior Match feel more like a community than a typical dating app — perfect for seniors who value meaningful human connections in all forms.

    How to Get Noticed More on Senior Match

    Getting more profile views — and more messages — often comes down to a few simple tweaks. Here’s how to stand out without feeling like you’re advertising yourself.

    Actionable Tips:

    • Update your profile regularly: Fresh edits bring your profile back to the top of search results
    • Upload 3–5 quality photos: Include a mix of smiling headshots and activity-based shots
    • Be active in the blog section: Commenting or posting shows engagement, which others notice
    • Reply promptly: Timely responses keep momentum going and improve visibility
    • Use “winks” daily: They’re free and show casual interest without pressure

    Also, experiment with messaging during off-peak hours (early morning or late evening). This helps your messages stand out in a smaller batch of incoming notes. Users who take 10–15 minutes each day to engage meaningfully often see the best results.

    Your Next Chapter Starts Here – Find Companionship on a Leading Senior Dating Site

    Senior Match Premium: Is It Worth It Long-Term?

    While the free version of Senior Match is a great way to explore the platform, most users find the full experience opens up only with a paid membership.

    What You Gain with Premium:

    • Unlimited messaging: Essential for building relationships
    • Who viewed your profile: Helps prioritize outreach
    • Advanced search filters: Narrow matches by interests, lifestyle, or location
    • Boosted visibility: Appear more frequently in search results

    Users who subscribe for 3 or 6 months report a higher success rate than those on shorter plans. If you’re serious about finding a connection — whether romantic or platonic — the cost pays off in time saved and improved engagement.

    Long-Term Value:

    • You can always pause your subscription if needed
    • Great for those who plan to actively date, not just browse
    • Less costly than traditional dating methods (travel, event-based matchmaking)

    For seniors ready to invest in quality connections, premium access on Senior Match proves itself within the first few weeks of consistent use.
    50+ and Single? Senior Match Is the Senior Dating Site Built Just for You
    Final Verdict — Who Will Benefit Most from Senior Match? 

    If you’re aged 50 or above and want a mature, focused space to meet new people, Senior Match remains a top-tier option in 2025. It may lack some flashy features like video chat or AI matching, but it delivers where it matters most — genuine users, intuitive design, and a respectful environment.

    Whether you’re seeking a committed relationship, companionship, or simply someone to share coffee and conversation, the platform makes it easy to connect. It’s particularly ideal for:

    • Widows and widowers looking to ease back into dating
    • Retirees who want to find love in their next chapter
    • People tired of youth-centric dating apps

    With pricing that’s fair and a strong support team, Senior Match continues to offer excellent value for senior singles ready to take that next step.

    Project name: Senior Match
    10 – 8707 Dufferin St, Suite 160
    Vaughan, Ontario L4J 0A6
    Canada
    Company website: https://www.seniormatch.com/
    TEL: 1-416-628-1072 OR 1-888-702-1274 (Toll-Free)

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    All product reviews and descriptions reflect the author’s honest opinion based on available public data, user feedback, and scientific references at the time of writing. The inclusion of affiliate links does not influence the objectivity or integrity of the content. However, readers are encouraged to independently verify product information and consult with healthcare professionals prior to purchase or use.
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    The MIL Network

  • MIL-OSI Canada: Procurement Ombud Supports Increased Use of Negotiated Requests for Proposals (NRFPs)

    Source: Government of Canada News (2)

    Ottawa, Ontario – May 26, 2025

    As part of his commitment to provide solutions to longstanding procurement issues, the Procurement Ombud released a new Knowledge Deepening and Sharing study on the benefits of Negotiated Requests for Proposals (NRFPs) for government contracts.

    Unlike traditional tendering formats which follow a rigid process with very limited flexibility, NRFPs allow suppliers to negotiate some aspects of the contract (i.e., proposed solution or approach to the work and the associated bid price) after proposals have been submitted and evaluated.

    Widely used by many Canadian provinces and municipalities and other countries, the NRFP format has proven to be a promising alternative to traditional procurement processes. Due to its flexibility, it has contributed to improved competition, better solutions and the achievement of Best Value procurements.

    As the traditional tendering format used in federal procurement continues to create significant challenges for both government entities and bidders, the report calls for senior procurement officials to consider using NRFPs in certain contexts (e.g., more complex procurements) as a way to simplify procurement processes, make them more cost-effective for taxpayers and increase competition.

    MIL OSI Canada News

  • MIL-OSI Canada: King’s Counsel nominations open

    Nominations for the honorary designation of King’s Counsel (KC) for 2025 opened on Monday, May 26, 2025, and will be accepted until July 18, 2025, at 4:30 p.m.

    The KC designation recognizes lawyers throughout British Columbia for exceptional merit and contributions to the legal profession. Beyond demonstrating excellence in the practice of law, candidates must be recognized by their peers as having displayed professional integrity and good character. Candidates must have been a member of the B.C. bar for at least five years.

    The designation is governed by the King’s Counsel Act and bestowed annually by the lieutenant governor upon the endorsement of the attorney general.

    Quick Facts:

    • No more than 7% of practising B.C. lawyers can be appointed as King’s Counsel.
    • There are 14,689 practising lawyers in B.C. of whom 458 have received the KC designation.
    • All applications are reviewed by an advisory committee in consultation with the attorney general. The committee includes: the chief justice of B.C.; the chief justice of the Supreme Court of B.C.; the chief judge of the Provincial Court of B.C.; two members of the Law Society of BC appointed by the benchers; the president of the Canadian Bar Association, British Columbia Branch; and B.C.’s deputy attorney general.

    Learn More:

    For more information about the nomination process and the nomination form, visit: https://www2.gov.bc.ca/gov/content/justice/for-legal-professionals/kings-counsel

    MIL OSI Canada News

  • MIL-OSI: Apollo Capital Comments on MediPharm Labs’ Failure to Respond to Reasonable Offer to Ensure Fair, Lawful and Transparent 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    MediPharm Labs Board Continues to Obstruct the Appointment and Oversight of an Independent Chair

    Failure to Appoint an Independent Chair to Oversee the Election of Directors at the Annual Meeting Prevents Shareholders from Exercising their Legal Right to Hold the Current Board Accountable for their Epic Failures

    Board Made No Attempt to Engage with Apollo Capital; Instead Resorted to Continued Campaign of Misdirection and Character Assassination Aimed to Undermine Shareholders Demanding Change

    Shareholders Deserve the Opportunity to Elect New Leaders in a Lawful and Fair Election

    Apollo Capital Reiterates Commitment to Transparent Election Process for the Benefit of All Shareholders

    URGES SHAREHOLDERS TO DISREGARD MEDIPHARM LABS’ GREEN PROXY CARD AND VOTE THE GOLD PROXY CARD “FOR” APOLLO CAPITAL’S SIX DIRECTOR NOMINEES

    TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — Apollo Technology Capital Corporation (“Apollo Capital”) which together with its affiliates and associates collectively is one of the largest shareholders of MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) (“MediPharm Labs”, or the “Company”), owning approximately 3% of the Company’s common stock, today announced that MediPharm Labs’ Board of Directors (the “Board”) did not respond to Apollo Capital’s “With Prejudice” offer to the Board to ensure the rights of shareholders are protected in connection with the Company’s upcoming 2025 Annual and Special Meeting of Shareholder to be held on June 16, 2025 (the “Annual Meeting”).

    Apollo Capital distributed the offer to MediPharm Labs counsel on May 21, 2025 – seeking to ensure a lawful and fair election overseen by an independent Chair in order to protect the rights of shareholders at the Annual Meeting. The offer, which Apollo Capital shared publicly, was unilaterally ignored by MediPharm Labs’ Board, who made no attempts whatsoever to engage with representatives of Apollo Capital.

    Apollo Capital Chairman and CEO Regan McGee commented, “MediPharm Labs and its Board continue to demonstrate their utter disregard for the rights of shareholders, preferring to further entrench themselves rather than honour their fiduciary duty to act in shareholders’ best interests. Apollo Capital’s offer was made in good faith to take the necessary steps to do right by MediPharm Labs shareholders, and it is damning that the Board would put its own personal interests ahead of the law and the interests of Company shareholders.

    “The record needs to be set straight after all the misleading, defamatory and demonstrably untrue statements from the MediPharm Labs Board. Outside of MediPharm Labs, all litigation that I am involved in is related to each other. It is effectively one litigation and was initiated by me in order to protect shareholders from a small group of rogue board members who I sued for breaching their fiduciary duties. Tellingly, but not surprisingly, the MediPharm Labs Board wants to suggest that this is somehow a bad thing!

    “The Company’s attempts to villainize me are merely a feeble attempt to misdirect shareholders away from legitimate concerns regarding their staggering mismanagement of MediPharm Labs, which they have yet to answer for.”

    To be clear, MediPharm Labs’ Board is obviously trying to confuse the shareholders into thinking that it is a bad thing that board members who breach their fiduciary duties should be sued and held accountable.

    Now, let’s shine the spotlight back on what matters – your investment.

    Apollo Capital’s nominees know how to build successful businesses, know how to get deals done, and know how to raise money.

    In response to the Company’s allegations against one of Apollo Capital’s nominees for election to the Company’s Board, Regan McGee, Apollo Capital encourages shareholder to understand the facts regarding Mr. McGee and one of his businesses, Nobul Technologies Inc. (“Nobul”):

    • Nobul was named to the prestigious 2023 Deloitte Technology Fast 500™, which ranks the 500 fastest-growing technology companies across North America. The recognition further validates Nobul’s impact at a continental scale, placing it among the elite group of companies that are shaping the future of tech through extraordinary financial performance, sustained growth, and breakthrough innovation.
    • Nobul topped the 2022 Deloitte Technology Fast 50™, earning the #1 spot with an astounding four-year revenue growth rate of 72,944%—the highest of any Canadian company on the list. The Fast 50 recognizes the country’s most transformative and innovative technology companies based solely on audited financial performance. Nobul’s top placement highlights its unmatched ability to deploy capital efficiently, scale rapidly, and deliver exceptional returns.
    • Nobul has been recognized on CNBC’s Upstart 100, a list of the world’s most promising venture-backed startups. Selected from global nominees, Nobul stood out as a high-growth disruptor.
    • Regan McGee invented the Real Estate Marketplace Method and System (Patent # 12,260465) issued by the US Patent Office on March 25, 2025.   The patent incorporates Artificial Intelligence/Machine Learning Matching Algorithms for Consumers, Real Estate Agents and Properties, as well as Blockchain to facilitate secure, traceable Real Estate processes.
    • Regan McGee founded Nobul when he was in a hospital rehabilitation centre recovering from a severe spinal cord injury and learning how to walk again; Refusing to be slowed down by being disabled, he is tenacious, willing to put in the hard work, and he never gives up.

    The Board’s attempts to malign the business acumen and character of Regan McGee and Apollo Capital’s nominees are a pathetic distraction from the fact that the MediPharm Labs Board has presided over the catastrophic destruction of 99% of shareholder value.

    Apollo Capital is focused on what matters – protecting MediPharm Labs shareholders’ investment.

    Apollo Capital asks shareholders to consider the dire state of MediPharm Labs:

    • MediPharm Labs is on track to run out of money by November 2025 – a mere six months from now.
    • No one on MediPharm Labs’ slate of Board Members has ever built anything of note.

    Apollo Capital’s highly experienced director nominees – John Fowler, Alan D. Lewis, David Lontini, Demetrios Mallios, Regan McGee, and Scott Walters – will implement much-needed business and governance reforms in their first 100 days, including:

    • Slashing executive and Board compensation and suspending all equity/cash awards until a new performance-aligned structure is in place.
    • Eradicating the eye-watering $1,200,000 per year blown on travel and “other expenses”.
    • Implementing an immediate spending lockdown by freezing all non-essential, discretionary expenditures.
    • Beginning a revenue quality and margin analysis by assessing the sustainability, growth, and profitability of each business line.
    • Launching zero-based budgeting by rebuilding the company’s cost structure from the ground up based on necessity and ROI.
    • Restoring transparent shareholder communication, including:
      • Regular interactive earnings calls
      • A comprehensive Investor Day within the first 100 days
      • Open channels for shareholder feedback and dialogue
    • Implementing a new executive compensation plan directly tied to performance against key operational and financial targets.

    Shareholders can visit www.CureMediPharm.com, to sign up for important campaign updates.

    To access Apollo Capital’s Circular and related proxy materials, including a proxy or voting instruction form, visit SEDAR+ at www.sedarplus.ca.

    Contacts

    For Shareholders:
    Carson Proxy
    North American Toll-Free Phone: 1-800-530-5189
    Local or Text Message: 416-751-2066 (collect calls accepted)
    E: info@carsonproxy.com

    For Media:
    CureMediPharm@gasthalter.com

    Legal Disclosures

    Information in Support of Public Broadcast Exemption under Canadian Law

    In connection with the Annual Meeting, Apollo Capital has filed an amended and restated dissident information circular (the “Circular”) in compliance with applicable corporate and securities laws. Apollo Capital has provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and the corresponding exemption under the Business Corporations Act (Ontario), and has filed the Circular, available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The Circular contains disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of Apollo Capital’s director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Circular is hereby incorporated by reference into this press release and is available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 151 John Street, Barrie, Ontario, Canada L4N 2L1.

    SHAREHOLDERS OF MEDIPHARM ARE URGED TO READ THE CIRCULAR CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and shareholders are able to obtain free copies of the Circular and any amendments or supplements thereto and further proxy circulars at no charge under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. In addition, shareholders are also able to obtain free copies of the Circular and other relevant documents by contacting Apollo Capital’s proxy solicitor, Carson Proxy Advisors Ltd. (“Carson Proxy”) at 1-800-530-5189, local (collect outside North America): 416-751-2066 or by email at info@carsonproxy.com.

    Proxies may be revoked in accordance with subsection 110(4) of the Business Corporations Act (Ontario) by a registered shareholder of Company shares: (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing executed by the shareholder or by the shareholder’s attorney authorized in writing; (c) by transmitting by telephonic or electronic means a revocation that is signed by electronic signature in accordance with applicable law, as the case may be: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Annual Meeting or any adjournment or postponement of the Annual Meeting is to be held, or (ii) with the chair of the Annual Meeting on the day of the Annual Meeting or any adjournment or postponement of the Annual Meeting; or (d) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Company shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary. It should be noted that revocation of proxies or voting instructions by a non-registered holder can take several days or even longer to complete and, accordingly, any such revocation should be completed well in advance of the deadline prescribed in the form of proxy or voting instruction form to ensure it is given effect in respect of the Annual Meeting.

    The costs incurred in the preparation and mailing of any circular or proxy solicitation by Apollo Capital and any other participants named herein will be borne directly and indirectly by Apollo Capital. However, to the extent permitted under applicable law, Apollo Capital intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of its director nominees at the Annual Meeting.

    This press release and any solicitation made by Apollo Capital is, or will be, as applicable, made by such parties, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of Apollo Capital who will not be specifically remunerated therefor. In addition, Apollo Capital may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.

    Apollo Capital has entered into an agreement with Carson Proxy Advisors (“Carson Proxy”) for solicitation and advisory services in connection with the solicitation of proxies for the Meeting, for which Carson Proxy will receive a fee not to exceed $250,000, together with reimbursement for reasonable and out-of-pocket expenses. Apollo Capital has also engaged Gasthalter & Co. LP (“G&Co”) to act as communications consultant to provide Apollo Capital with certain communications, public relations and related services, for which G&Co will receive a minimum fee of US$75,000 in addition to a performance fee of US$250,000 in the event that Apollo Capital’s nominees make up a majority of the Board following the Annual Meeting, plus excess fees, related costs and expenses.

    No member of Apollo Capital nor any of their associates or affiliates has or has had any material interest, direct or indirect, in any transaction since the beginning of the Company’s last completed financial year or in any proposed transaction that has materially affected or will or would materially affect the Company or any of the Company’s affiliates. No member of Apollo Capital nor any of their associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Annual Meeting, other than setting the number of directors, the election of directors, the appointment of auditors and the approval of the ordinary resolution approving, among other things, the Company’s amended and restated equity incentive plan dated May 8, 2025 and the unallocated awards available thereunder.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward‐looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward‐looking statements. These statements are based on current expectations of Apollo Capital and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. All forward-looking statements contained herein are made only as of the date hereof and Apollo Capital disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which Apollo Capital hereafter becomes aware, except as required by applicable law.

    The MIL Network