Category: Commerce

  • MIL-OSI Russia: GUU held a round table on the development of artificial intelligence in China

    Translartion. Region: Russians Fedetion –

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

    The National University of Management and the Europe and Asia Broadcasting Center of the People’s Republic of China Foreign Language Publication and Distribution Administration (Renmin Huabao Publishing House) organized a round table on “High-quality Development of China’s Economy” and the presentation of the 4th volume of the book “Xi Jinping on Public Administration” in Russian.

    The event is timed to coincide with the opening of the 3rd session of the 14th National People’s Congress (NPC) on March 5, 2025 in Beijing.

    The event was moderated by Hu Zhentao, head of the representative office of Renmin Huabao Publishing House in Moscow.

    The speakers were: – Fanis Sharipov, Director of the Center for Socio-Economic and Political Research of China at the National University of Management; – Anastasia Pavlova, partner of the Russian-Chinese Committee of Friendship, Peace and Development; – Ekaterina Zaklyazminskaya, leading research fellow at the Center for World Politics and Strategic Analysis, member of the Council of Young Scientists at the Institute of Strategic Analysis of the Russian Academy of Sciences; – Yulia Manuilova, senior lecturer at the Department of Global Studies at the Faculty of Global Processes at Moscow State University.

    The work was also attended by 2nd year students of the State University of Management, studying in the program “International Manufacturing Business”: Yulia Levchenko, Farida Alakaeva, Egor Gavrilyuk, Irina Afanasova, Yulia Kolontsova.

    Fanis Sharipov began his speech by assessing the 4th volume of the book “Xi Jinping on Public Administration” in Russian. This volume includes the most important works of Xi Jinping for the period from February 3, 2020 to May 10, 2022, a total of 109 reports, talks, speeches, congratulatory letters and other works. It should be noted that during this period, the COVID-19 pandemic was raging, and enormous efforts were spent on organizing the fight against this terrible epidemic. “Development of the digital economy is a strategic choice that allows us to seize the opportunities of a new round of technological revolution and industrial transformation,” Xi Jinping emphasized.

    Next, moving on to the topic of “High-quality development of the Chinese economy”, Fanis Sharipov noted that on January 27, a Chinese startup triggered a collapse in the value of shares of American IT companies; by the end of the week, the NASDAQ high-tech company index had lost 3.5%, which in monetary terms amounts to almost a trillion US dollars. For experts, the success of Chinese research in the field of artificial intelligence (AI) is the result of China’s systematic, long-term efforts in this area, which has been repeatedly noted in scientific articles and conference abstracts. The State Council of the PRC formulated a detailed plan for the modern development of new-generation AI in July 2017. It directly stated the intention to turn AI into the main driving force of industrial modernization and economic transformation, strengthening national defense, internal and external security, education, and medicine by 2025. It also stated the intention to turn China into a world leader in AI by 2030. It was planned to produce products and services using AI by the end of 2020 in the amount of 150 billion yuan, by 2025 – 400 billion yuan, by 2030 – about 1 trillion yuan. And China’s expenditure on scientific research in 2025 will reach 3.76 trillion yuan (over 580 billion dollars).

    In conclusion, the Round Table participants discussed a very diverse agenda for Russian-Chinese cooperation in 2025.

    Subscribe to the TG channel “Our GUU” Date of publication: 03/04/2025

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

    MIL OSI Russia News

  • MIL-OSI Russia: The Winter in Moscow project allowed businesses to make a name for themselves and increase sales

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The capital’s business actively supported the large-scale city project “Winter in Moscow”. Thus, it not only became a major holiday, but also offered wide opportunities and support measures for entrepreneurs. For example, the magic market of the “Made in Moscow” project united more than 500 manufacturers and placed its sites on seven tourist streets of the capital, including Arbat, Novy Arbat, Kuznetsky Most, Rozhdestvenka, as well as Tverskoy Boulevard, Stoleshnikov Lane and Bolotnaya Square. Each pavilion became a real art object – red and white knitted balls, a mini-station, a box of toys, a box of chocolates, a huge gift. In them, one could buy clothes, accessories, cosmetics, children’s toys, household goods, food products and much more.

    One of the most attractive for guests was the flagship pavilion on Bolotnaya Square, where master classes, fashion shows and ice shows were held, and a magic train also ran. During its operation, the magic market was visited by 570 thousand people, and Moscow brands sold over 50 thousand products. 10 percent of the proceeds from the market participants were sent to the charity fund “People’s Front. Everything for Victory!”

    As part of the “Come on in!” project, more than 700 organizations from various fields, such as public catering, the beauty industry, trade and education, made over 900 offers to city residents and tourists: from discounts and bonuses to free master classes, gastronomic tastings, performances and sports activities. More than six thousand people took advantage of them.

    Businessmen helped create a festive mood in Moscow by decorating the facades, shop windows and entrances of their organizations. This was facilitated by three special support measures that were launched in the capital this season. More than 5.3 thousand entrepreneurs applied for them. For example, with the help of a grant for decoration of the first 100 entrepreneurs, business owners were able to compensate for part of the costs of decorating their sites.

    In addition, a competition for the best festive decoration was held. The total prize fund was 700 million rubles. And creative teams, designers and all interested persons over the age of 18 were able to demonstrate their talents in a competition for the best project of festive and thematic decoration of a non-residential property.

    From December 26 to 29, the Central Exhibition Hall “Manezh” hosted the II Moscow Beauty Week — one of the largest events of the project. Over four days, it was visited by more than 60 thousand people, and 600 Russian companies presented their products, of which 384 were from Moscow. One of the most popular objects of the exhibition was the “Made in Moscow” stand, designed as an advent calendar.

    Residents of the capital actively formed the poster of the project “Winter in Moscow”. In total, 529 applications for holding events were received from individuals and business representatives. Most often, these were master classes (63 percent), concerts and show programs (15 percent), lectures and seminars (14 percent), and excursions (eight percent). Every fifth event took place in the Central Administrative District, and 80 percent were held in other districts.

    The Winter in Moscow project not only allowed businesses to make a name for themselves and increase sales, but also became a real winter holiday. In total, the events attracted almost 30 million residents and guests of the city.

    The Winter in Moscow project became the main event of the season, which united various events of the capital. City residents and tourists remembered traditions and history, warmed themselves with tea and hot buns, skated, watched ice shows, gave gifts to people who found themselves in a difficult life situation, and also showed care for those who needed it.

    Muscovites and guests of the capital had a huge choice of entertainment in the open air and in cultural and sports institutions. The atmosphere of winter traditions engulfed the entire city: more than 1.9 thousand sites were open. The project organically wove in the capital’s largest festivals “Moscow Estates”, “Moscow Tea Party”, “City of Light” and many others.

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

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

    https: //vv.mos.ru/nevs/ite/150899073/

    MIL OSI Russia News

  • MIL-OSI Economics: Nokia strategically invests in growth areas while divesting non-core assets, observes GlobalData

    Source: GlobalData

    Nokia strategically invests in growth areas while divesting non-core assets, observes GlobalData

    Posted in Business Fundamentals

    Following the news that Nokia has completed the acquisition of Infinera Corporation;

    Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view:

    “After the acquisition of Fenix Group and Rapid’s technology assets in 2024, Nokia has now completed the acquisition of Infinera. Infinera’s acquisition will complement Nokia’s optical network and enable in further improving its capabilities across this technology. Furthermore, the combined capabilities of Nokia and Infinera are anticipated to improve the competitive positioning in optical networking solutions and the move also forms a part of Nokia’s growth strategy to strengthen its presence in North America.

    “Interestingly, Nokia’s decision to acquire companies while simultaneously selling certain assets seems like a strategic manoeuvre aimed at optimizing its business portfolio and enhancing its market position. This dual approach is primarily focused on strengthening its core business segments, particularly in Network Infrastructure and Optical Networks.

    “For instance, in 2024, Nokia announced the sale of its Alcatel Submarine Networks business to the French State as part of a broader strategy to actively manage its portfolio and focus on more profitable segments within its Network Infrastructure business. The stratagem seems to be revolving around divesting less strategic businesses and investing in core areas where Nokia sees high growth potential.”

    MIL OSI Economics

  • MIL-OSI: Pinch Integrates with Annature to Streamline Payments and Contracts

    Source: GlobeNewswire (MIL-OSI)

    BRISBANE, Australia, March 04, 2025 (GLOBE NEWSWIRE) — Pinch Payments, a leading all-in-one Australian payments solution, has launched a powerful new integration with Annature, the #1 rated e-signature and identity verification platform on the Xero App Store. This integration allows businesses to capture both customer payment methods and e-signatures in a single, seamless step, simplifying operations and improving efficiency.

    “Businesses can now capture customer payment details and e-signatures in one seamless step”

    With this integration, businesses can pre-authorise future payments while ensuring contracts and agreements are digitally signed and securely stored—without being tied to ongoing subscription fees. Both platforms operate on a pay-as-you-go model, meaning businesses only pay when customers use the service, keeping costs predictable and manageable.

    A Smarter Solution for Service-Based Businesses

    Many businesses struggle with managing separate processes for payment collection and contract signing, leading to administrative inefficiencies. By combining these tasks into one streamlined solution, businesses can enhance their customer experience, reduce friction, and save time.

    How the Integration Works

    • Connect Pinch to Annature: Businesses can link their Pinch Payments account to Annature via API keys in just a few minutes.
    • Set Up Document Templates: Easily create contract templates with both signature fields and payment method fields (credit card or bank account).
    • Send Documents for Signing: Customers can sign the document and enter their payment details in one step.
    • Automate Payments: Once signed, Pinch securely stores payment details, allowing for automatic or manual debiting when invoices are due.

    The Power of Automation

    • Reduce payment delays: Customers provide payment information upfront, ensuring faster invoice payments.
    • Ensure compliance: E-signatures collected through Annature are legally binding.
    • Improve customer satisfaction: A seamless experience reduces friction and enhances professionalism.

    Why Streamlined Payments and Contracts Matter

    Research shows that 69% of customers prefer automated payment systems for their speed and convenience. Businesses that simplify payment collection see fewer overdue invoices and improved cash flow. Additionally, the global e-signature market is expected to grow from USD 9.93 billion in 2024 to USD 70.24 billion by 2030, reflecting a growing demand for digital-first contract management.

    No Subscription Fees: A True Pay-as-You-Go Solution

    Unlike many platforms that require ongoing subscriptions, this integration is completely usage-based. Businesses are only charged when customers use the e-signature feature or provide payment details, making it an affordable and flexible option.

    “This pay-as-you-go model ensures businesses only pay for what they use, making advanced payment and contract management accessible to companies of all sizes.”

    Getting Started is Simple

    Setting up the integration is quick and straightforward—businesses using Pinch Payments and Annature can simply input their API keys in Annature’s settings. Both platforms are free to sign up and only charge based on actual usage, allowing businesses to optimise their operations without upfront costs.

    For more information, visit getpinch.com.au

    About Pinch Payments

    Pinch Payments is a leading Australian payments platform that helps businesses automate invoicing and payment collection. By integrating with major accounting software, Pinch simplifies the payment process, improving cash flow and reducing administrative workload. Features of Pinch Payments include:

    • Get paid by credit or debit card, or direct debit
    • Get paid on time with customer pre-approvals
    • Collect multiple payments at once
    • Empower debtor management processes with payment plans

    Learn more at getpinch.com.au

    About Annature

    Annature is Australia’s premier eSignature provider, offering secure, legally binding digital signing solutions. Designed for compliance and efficiency, Annature helps businesses streamline their document workflows with best-in-class security standards. Learn more at annature.com.au

    The MIL Network

  • MIL-OSI: Hotspot signs Memorandum with Clear Blue led Consortium to deploy 312 Telecom Site across Nigeria

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 04, 2025 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (TSXV: CBLU) the Smart Power Company, today announces that Hotspot (the leading telecommunications service provider in Nigeria) has signed a Memorandum of Understanding with a Clear Blue led consortium, including partners Empower New Energy and Netis, to deploy 312 solar powered telecom sites across Nigeria. The deal is subject to final contract negotiations and signatures and the rollout is targeted for the end of 2025.

    The consortium brings a group of expert skills and capabilities to quickly design, build and then operate the telecom network, solar power and tower sites:

    • Hotspot is a leader in building active telecom networks and services across Nigeria.
    • Clear Blue Technologies is the leader in providing highly reliable, low-cost Smart solar power for telecom infrastructure. With Clear Blue’s industry leading and patented Illumience Smart Power, and its ongoing service management, telecom services are delivered with maximum service levels and uptime, at the lowest Capex and Opex in the market.
    • Empower New Energy is a leading provider of clean energy project financing across Africa. With its entrepreneurial business and execution model, it is a perfect financing partner for the project.
    • Netis specializes in operating and managing telecom infrastructure and brings strong abilities to deliver the installation, operations, and maintenance services.

    “As everyone active in the telecom market in Africa is aware, it is a difficult operating environment with challenging Total Cost of Ownership (TCO) targets. And yet, it is probably the largest untapped telecom market in the world with significant growth potential”, said Morenikeji Aniye, CEO of Hotspot. “Clear Blue brings an innovative technology and service capability which, together with an innovative business model and structure, enables us to deploy and operate these sites while meeting stringent service and TCO targets.”

    “After having worked with Clear Blue on multiple projects, we are defining a speedy and unique model of partnership between the Smart Power provider and the financier. Together, we are able to deliver unparalleled value and flexibility in project structure and contracts to bring a financing model that will work for developers such as Hotspot,” said Terje Osmundsen, CEO of Empower New Energy.

    “We are thrilled to partner with Clear Blue and Empower and to support Hotspot in their aggressive growth plans,” said Hatim Zougary, Chief Business Development Officer of Netis.

    “The partners in this project bring together a very strong set of skills and an ability to execute that will ensure success for this project and hopefully many more phases to come,” said Miriam Tuerk, CEO of Clear Blue. “We are thrilled to have been chosen by Hotspot for this project which will bring connectivity to millions across Nigeria.”

    About Hotspot

    Hotspot Network Ltd, founded in 2008, obtained a co-location and Infrastructure Sharing License in 2012 and later an Internet Service Provider License from the NCC, enabling it to offer a wide range of telecommunications services, including managed services, wireless and mobile solutions, engineering support, and microwave solutions. Collaborating with a global network of partners, the company has grown rapidly to become a leading player in Africa’s digital transformation, renowned for innovative, award-winning solutions and exceptional client satisfaction. Its strategic alliances provide enterprise-level multi-sourcing opportunities, offering robust solutions and deep technical expertise. As a one-stop shop for connectivity and telecommunications, Hotspot Network Ltd.’s brand symbolizes evolving technology, guided by core values of Insight, Integrity, Innovation, Synergy, Safety, and Sustainability, reflected in its distinctive corporate identity.

    About Empower New Energy

    Established in 2017, Empower New Energy is a renewable energy financier and co-developer that finances, builds and owns clean power plants for commercial, industrial and agricultural energy users. https://www.empowernewenergy.com

    About Netis

    NETIS is a global leader in the telecommunications industry, with over 15 years of expertise in designing and developing high-performance network communication solutions. Netis specializes in the inception and construction of robust GSM, fiber optic, and energy networks, as well as the ongoing maintenance and optimization of existing infrastructures. Operating across 16 subsidiaries, NETIS actively delivers innovative telecom solutions throughout Africa.

    About Clear Blue Technologies International

    Clear Blue Technologies International, the Smart Off-Grid™ company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)

    Legal Disclaimer:

    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 release.

    For more information, contact:

    Miriam Tuerk, Co-Founder and CEO
    +1 416 433 3952
    miriam@clearbluetechnologies.com
    www.clearbluetechnologies.com/en/investors

    The MIL Network

  • MIL-OSI: Broadcom Launches VeloSky to Deliver Network Convergence, Transform Connectivity

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 04, 2025 (GLOBE NEWSWIRE) — Mobile World Congress 2025—Broadcom Inc. (NASDAQ: AVGO) today introduced VeloSky, a converged networking solution that enables Communications Service Providers (CSPs) to offer integrated fiber, cellular, and satellite connectivity through a single appliance. VeloSky helps service providers drive adoption and utilization of their 5G and satellite offerings, unlocking new revenue streams and diversifying business models. The new VeloSky solution is built on the VeloRAIN (Robust AI Networking) architecture which features unprecedented visibility, prioritization, and automation for enterprise networks—allowing organizations to operate more efficiently and deliver superior user experiences. (Read the VeloRAIN press release).

    “VeloSky represents a dramatic leap forward in network convergence,” said Sanjay Uppal, vice president and general manager, VeloCloud Division, Broadcom. “By unifying diverse network underlays into a single, AI-optimized platform, service providers can deliver premium, differentiated services to enterprise customers while simplifying operations and accelerating time-to-revenue.”

    Addressing Market Challenges with a Unified Solution
    Enterprises increasingly rely on applications that require low latency, high bandwidth, and robust security. Yet service providers today face significant challenges in meeting enterprise demand for seamless connectivity, security and experience; particularly in environments that require diverse underlays such as 5G, fiber, and satellite.

    VeloSky addresses these challenges by integrating wired and wireless networks into a single solution that offers:

    • Business-Critical Traffic Prioritization: VeloSky allows customers to prioritize critical traffic to enable optimal application experience whether using one wired and one wireless connection, both wireless or wireless only. It features Dynamic Multipath Optimization (DMPO) to direct traffic based on real-time performance metrics and help applications perform efficiently.
    • Bandwidth Management: VeloSky leverages Dynamic Application-Based Slicing (DABS) to dynamically allocate bandwidth, prioritizing essential applications. By utilizing Mobile Networking Operator (MNO) industry standards for network slicing, it ensures reliable performance, even under network congestion.
    • Comprehensive Security Features: VeloSky includes Enhanced Firewall Services (EFS) for centralized, scalable protection against threats with tools like intrusion detection and prevention, URL filtering, L4-7 application-aware stateful inspection, malicious IP filtering, and traffic segmentation. This helps eliminate the need for an external legacy firewall while also providing comprehensive security.
    • Simplified Operations: VeloSky provides a unified platform that integrates visibility and control for networking and security, reducing complexity, time and operational costs.

    By unifying diverse network types and simplifying management, VeloSky delivers enhanced value and operational efficiency for service providers.

    VeloSky Simplifies Management of Multiple Networks
    VeloSky delivers a fully unified, converged platform that seamlessly integrates wired and wireless networks within a single management plane. Its architecture combines advanced networking and security services, offering customers the tools they need to optimize application performance while safeguarding their networks. VeloSky is designed for and tightly integrated with service provider networks. The platform supports wired, 5G fixed wireless access and satellite connections. The convergence of wired and wireless networks eliminates the need for separate hardware devices for each type of connectivity. Additionally, VeloSky provides zero-touch provisioning, monitoring, visibility and troubleshooting using a unified console for fiber, fixed wireless access and satellite. This simplifies network management, improves efficiency, and reduces expenses while ensuring seamless connectivity for all users.

    VeloSky offers service providers the tools they need to streamline operations and enhance connectivity. It lets providers address enterprise demands for secure, scalable, and reliable solutions and empowers them to remain competitive and innovative in today’s evolving digital landscape. VeloSky is available today.

    Supporting Quotes
    “MetTel recognizes the growing demand for network convergence driven by enterprises’ need for seamless, high-performance connectivity across diverse environments. As businesses increasingly rely on AI-driven applications and distributed workloads, the need for integrated fiber, 5G, and satellite connectivity has never been more crucial. VeloSky will allow us to deliver an AI-optimized, unified platform that enables greater reliability, enhanced security, and improved operational efficiency for our enterprise customers.” – Eddie Fox, CTO, MetTel

    “Vodafone Business recognizes the transformative potential of fixed wireless access in enabling enterprises’ adoption of advanced applications, including AI. Broadcom’s VeloSky solution is aligned with our plans for converged connectivity; it has potential to allow us to deliver secure, high-performance, and resilient ‘network as a service’ solutions that meet the dynamic demands of businesses today.” – Fanan Henriques, Director, Products and International, Vodafone Business

    “As operators invest in technologies like network slicing and private networks to drive B2B growth, they must not overlook their core enterprise customers, for whom these solutions may not be viable. Enterprises prioritize reliability, and seamless converged connectivity not only strengthens this but also creates a more compelling and stickier proposition. By enabling dynamic networking capabilities such as prioritized traffic steering—without significant cost burdens—operators can enhance enterprise core connectivity while driving greater customer loyalty and value.” – Tilly Gilbert, Consulting Director and Edge Practice Lead, STL Partners

    About Broadcom
    Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom’s category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.

    Media Contact:

    Eloy Ontiveros
    Broadcom Global Communications
    1-650-427-6145
    eloy.ontiveros@broadcom.com

    The MIL Network

  • MIL-OSI: Tune Talk and Mavenir Partner to Revolutionize Malaysia’s Telco Landscape with Cloud-Native Digital OSS/BSS Platform

    Source: GlobeNewswire (MIL-OSI)

    BARCELONA, Spain, March 04, 2025 (GLOBE NEWSWIRE) — Tune Talk, Malaysia’s fastest-growing digital telco, has signed a Memorandum of Agreement (MOA) with Mavenir, the cloud-native network infrastructure provider, to provide a cutting-edge Cloud-Native Digital Operations Support System (OSS) and Business Support System (BSS) platform. The announcement was made at Mobile World Congress (MWC) 2025 in Barcelona, reinforcing Tune Talk’s commitment to technological innovation and enhanced customer experience.

    The cloud-native OSS/BSS platform is designed to enable Tune Talk to implement self-healing and automatic scaling capabilities, significantly improving operational efficiency. With zero-touch operations, the platform is designed to streamline network management, reduce downtime, and enhance service reliability. Additionally, AI-driven tools will revolutionize customer engagement, offering hyper-personalized services tailored to individual subscriber needs.

    “This partnership with Mavenir marks a significant step in our digital transformation journey. By leveraging cloud-native and AI-powered solutions, we are not only optimizing our operations but also enhancing our ability to deliver superior and highly personalized services to our customers,” said Gurtaj Singh Padda, Executive Director and CEO of Tune Talk. “This move aligns with our vision of making digital connectivity more seamless and intelligent for all Malaysians.”

    Echoing this sentiment, Jay Pandey, Chief Technology Officer of Tune Talk, highlighted the operational efficiencies that this collaboration will bring: “With Mavenir’s cloud-native solutions, we expect to increase our operational efficiency by 60 to 70%. Network performance will see fewer interruptions, ensuring low latency and a more seamless experience for our subscribers. This partnership represents a transformative step in our technology processes, making our network smarter and more resilient than ever before.”

    Pardeep Kohli, President and CEO at Mavenir, also expressed enthusiasm for the strategic partnership: “We fully support Tune Talk’s efforts in becoming a cloud mobile network operator. Our cloud-native OSS/BSS platform is designed to enable Tune Talk to operate with greater agility, efficiency, and automation, setting a new standard for digital-first telco services in Malaysia and beyond. We look forward to driving this transformation together.”

    The implementation of this next-generation platform is expected to set a new benchmark in Malaysia’s telecommunications industry. By automating network operations and leveraging AI for predictive analytics, Tune Talk aims to improve network performance and customer satisfaction while reducing operational costs. This initiative also strengthens Malaysia’s position in the global digital economy, fostering innovation in the telco sector and setting a precedent for cloud-native adoption in the region.

    As digital transformation accelerates, the collaboration between Tune Talk and Mavenir is poised to redefine telco service delivery, bringing cutting-edge advancements to Malaysian consumers and the broader industry.

    About Tune Talk

    Tune Talk is the fastest-growing fully cloud-enabled Mobile Network Operator in Asia. Since our launch in 2009, we have remained committed to offering affordable rates and exciting incentives. As a digital lifestyle telecommunications company, our services include unlimited calls, SMS, and high-speed internet packages, tailored to meet the demands for simple, value-driven products with easy accessibility and wide distribution. Our focus on innovation and digital disruption drives us to continuously provide cutting-edge telecommunication solutions, meeting the evolving needs of our customers and keeping us at the forefront of the industry.

    For more information, please visit www.tunetalk.com.

    About Mavenir:

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

    PR Contacts: Mavenir: Emmanuela Spiteri | PR@mavenir.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ec6ad0e-db50-409f-be25-495db047d71c

    The MIL Network

  • MIL-OSI USA: Crapo Statement on McMahon Confirmation

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho) issued the following statement after the Senate confirmed, by a vote of 51-45, Linda McMahon to be Secretary of the U.S. Department of Education:

    “Despite being one of the world’s largest per-pupil investors in education, the U.S. continues to see student outcomes fall behind at alarming rates, with significant declines in core subjects like reading and mathematics.  As part of reversing this downward trend, the federal government must comprehensively evaluate its strengths and weaknesses when it comes to administering education programs.  Linda McMahon will bring this much-needed, outside-the-box thinking to the U.S. Department of Education, where she will also focus on key priorities such as defending Title IX and combating antisemitism on college campuses.  During President Trump’s first term, she excelled in leading the U.S. Small Business Administration.  That experience, as well as her positions on the Connecticut Board of Education and the board of trustees for Sacred Heart University, will enable her to effectively fulfill President Trump’s vision for the federal government’s role in education.  I congratulate Secretary McMahon on her confirmation.”

    MIL OSI USA News

  • MIL-OSI USA: Senator Markey Urges Commerce Committee to Investigate Musk’s Airline Safety Claims

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Letter Text (PDF)
    Washington (March 3, 2025) – Senator Edward J. Markey (D-Mass.), member of the Senate Committee on Commerce, Science, and Transportation, today wrote to Commerce Committee Chairman Ted Cruz (R-Texas) and Ranking Member Maria Cantwell (D-Wash.) urging them to hold a hearing to investigate Elon Musk’s recent statements regarding the safety of the Federal Aviation Administration’s (FAA) Air Traffic Control System. Last week, Elon Musk posted on X suggesting that the FAA’s Air Traffic Control communications system “is single digit months to catastrophic failure, putting air traveler safety at serious risk.”
    In the letter, Senator Markey wrote, “Given Musk’s far-reaching role within the U.S. government and his recent involvement with the FAA’s information technology systems, Musk’s comments could understandably cause panic among air travelers. This Committee has worked diligently over the past few years to improve aviation safety, including in last year’s FAA Reauthorization Act, but the traveling public is understandably experiencing heightened anxiety about air travel after several recent and tragic plane crashes. Although the FAA’s information technology systems need modernization, Musk’s alarmist rhetoric appears extreme. If he has discovered new vulnerabilities in the FAA’s Air Traffic Control system, the Committee should know about such information immediately. If Musk cannot provide evidence of his claims, it raises serious questions about whether he is using his role as a senior government official to enrich his company SpaceX, currently competing for FAA contracts. In either case, the Commerce Committee has a responsibility to immediately hold a public hearing to investigate Musk’s claims on behalf of the American public.”
    On February 26, Senator Markey wrote to Chris Rocheleau, Acting Administrator of the FAA with questions about the FAA’s recent decision to deploy three Starlink terminals, which provide broadband internet connectivity through a satellite network, from Elon Musk’s SpaceX. Given Musk’s dual positions as CEO of SpaceX and wide-spread role in the Trump administration, this decision creates at least an appearance of a conflict-of-interest. 

    MIL OSI USA News

  • MIL-Evening Report: Billionaire entrepreneurs can make for bold businesses but often with fewer checks and balances

    Source: The Conversation (Au and NZ) – By Claire Wright, Lecturer, University of Technology Sydney, University of Technology Sydney

    Richard White, head of WiseTech Global, is the latest of a small number of charismatic business founders to have captured the public and corporate imagination.

    The businessman is synonymous with one of Australia’s most successful technology companies, worth more than A$32 billion. He has a public image of being a prodigy entrepreneur, committed to innovative software for the logistics industry.

    Mixing pleasure with business

    Last October, White stepped down as chief executive amid a series of allegations about his personal and professional life.

    While WiseTech’s board held an independent investigation, White was retained as a full-time consultant. The review later cleared him of wrongdoing.

    But last week, further allegations threw the board into disarray. Trading was halted and four independent directors – including the chair – resigned citing “intractable differences” and “differing views around the ongoing role of … Richard White”.

    Allegations against White included financially supporting two women in return for sexual favours. He was also accused of selling millions of dollars worth of shares during a blackout period. White has strongly denied any wrongdoing.

    Claims like this would normally end a corporate leader’s career. But by Wednesday, White had been promoted. He currently holds 37% of WiseTech stock, and is the executive chair.

    Although the market is divided, most industry experts are relieved the founder will retain control. Many believe White to be the only person who can successfully run the company.

    WiseTech’s challenge now lies with ensuring appropriate governance, given White’s ownership and management of the company and his role on the board.

    Normally, company directors protect shareholders by independently overseeing management. While executive directors like White are common, they are usually in the minority. Close ties between the board and management can present a conflict of interest for shareholders.

    Charismatic business moguls

    Charismatic entrepreneurs like Richard White are unusual. They are often found in family companies, such as those headed by Rupert Murdoch (News Corp), the late Kerry Packer (Consolidated Press) and Gina Rinehart (Hancock Prospecting).

    Although such entrepreneurs help maintain a long-term, intergenerational vision for a company, their unrestricted power has presented some unique challenges.

    There has often been opaque succession planning, with the family head remaining at the helm long after a standard retirement age.

    This has fostered bitter rivalries among descendants. The current Murdoch succession feud is such an example.

    Corporate raiders and the 1980s

    The 1980s corporate environment reminds us of the risks WiseTech faces by integrating its ownership, management and governance functions. The decade was typified by high-profile “corporate raiders”, who created businesses by acquiring minority but controlling interest (more than 15%, less than 50%) in an array of unrelated companies.

    Acquiring companies with dated management, underperforming assets and undervalued stock, raiders argued shareholders would benefit through transferable management skills and unrelated diversification.

    For example, in January 1986, Ron Brierley’s Industrial Equity bid for a minority holding of North Broken Hill. It argued that demerging the income streams of silver, lead and zinc mining would eliminate superfluous costs and deliver a more flexible risk profile.

    Following a takeover, corporate raiders appointed insiders to the board of the target company, potentially removing a level of accountability. They replaced genuinely independent directors with executives from elsewhere in the business. The ownership structure meant existing directors could do little to prevent this.

    Raising the risk levels

    Once they were appointed, raiders reportedly “harangued” remaining independent board members to support risky activities that redirected resources to the dominant company.

    With their critical mass of board votes, most raiders ignored promised operational improvements. Instead, profit was increasingly derived from share trades and cross-dividends.

    For example, after AdSteam, the logistics and industrial conglomerate, took over David Jones Ltd, half the dividend paid by the retailer in a given year went to AdSteam, as investment income. This income then allowed AdSteam to pay a higher dividend to their major shareholder, David Jones.

    Although the market rewarded this in the short term, it increased the companies’ debt load, and diminished their capacity to operate their core businesses.

    Lack of accountability

    The public image of corporate raiders in the 80s encouraged passivity from shareholders, financial media and auditors.

    Journalists actively supported corporate raiding. Business Review Weekly argued the Elders-IXL merger was “a victory for the smart, fast-moving, MBA-style business breed over the entrenched traditionalist”.

    The public mythology of corporate raiders continued, even after the group structures began to falter in the late 80s.

    When Bond Corp was questioned about its expansionary operations following the October 1987 crash, reporters were satisfied with vague statements about the company’s “solid cash flow” to see it through difficult times.

    However, AdSteam was ultimately described as a “humiliation” for the accounting profession, with the untangling of records beyond virtually everyone.

    As late as 1989 the media acknowledged the “complexity” of Adsteam’s intersecting shareholding, yet believed the leadership team’s accounting was sound.

    Conflicts of interest were catastrophic for diversified business groups. The October 1987 global stock market crash prompted foreign banks to withdraw from Australia, local banks to tighten credit and higher interest rates.

    This triggered a collapse in stock prices. Investment income, once the source of extraordinary profits, was soon responsible for the downward spiral of balance sheets. Bond announced a $1 billion loss in October 1989, the largest in Australia’s history. Elders-IXL was restructured as the Foster’s Group in 1990. Bell Group and AdSteam collapsed in 1991.

    What now for WiseTech?

    WiseTech appears to have returned to business as usual. White’s image as the only person capable of running the business remains strong. However, this case highlights the potential risks associated with a person’s position as major shareholder and executive chair.

    Claire Wright 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. Billionaire entrepreneurs can make for bold businesses but often with fewer checks and balances – https://theconversation.com/billionaire-entrepreneurs-can-make-for-bold-businesses-but-often-with-fewer-checks-and-balances-250927

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Pioneering UW Medical Researcher Known For Lifesaving Cancer Breakthroughs to Join Cantwell for SOTU Tomorrow

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    03.03.25
    Pioneering UW Medical Researcher Known For Lifesaving Cancer Breakthroughs to Join Cantwell for SOTU Tomorrow
    Dr. Paul Lange led prostate cancer research collaboration with Fred Hutchinson Cancer Center and UW Medicine: Cantwell has been sounding the alarm on Trump admin’s proposed funding cuts for Medicaid and lifesaving biomed research
    WASHINGTON, D.C. – U.S. Senator Maria Cantwell, ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, will be joined by Dr. Paul Lange at the annual State of the Union Address that President Donald Trump will deliver to a joint session of Congress tomorrow evening.
    Dr. Lange is a medical research pioneer, cancer surgeon and founding director of Seattle’s world-leading Institute for Prostate Cancer Research (IPCR). Early prostate cancer detection tests that Dr. Lange helped develop – with support from federal funding — are a major reason why the U.S. prostate cancer death rate declined significantly from 1993 to 2022.
    “I’ve worked for more than 40 years to develop a cure for prostate cancer, and I’m proud to say that a cure is within reach. But cuts to federal support for medical research would delay lifesaving advancements for all medical diseases including all forms of cancer. Specifically, If President Trump’s administration cuts research funding for prostate cancer, the world’s dream of a cure will be impeded.  There are men currently in their 20s and 30s – men who could be saved by this cure — who will die instead,” Dr. Lange said. “America is home to some of the best biomedical research facilities in the world. To keep our global leadership, we must invest in the people and institutions that keep us moving forward.”
    “People are afraid that their life’s work will be gone,” Sen. Cantwell said in a speech on the Senate floor. “They tell me they have to stop admitting new patients to clinical trials, that they’ll have to scale back. And we can’t just start and stop medical research like a faucet. Once these people leave, the programs are stopped. It takes a long time to get them started. Once halted, the research data, the clinical trial, the patients, the laboratory, the equipment that led to those innovations — will be lost. [If you] ask me, that is throwing taxpayer dollars away. When you have an opportunity to cure a disease that affects millions of people and can save taxpayers billions, but somebody is arbitrarily going to cut these NIH funds, thinking they’re saving the American people? They’re not saving them. They’re causing harm.”
    Throughout his career, Dr. Lange provided lifesaving care to patients of all backgrounds, including many Medicaid recipients. Last week, Sen. Cantwell released a snapshot report highlighting the impact that slashing Medicaid to fund tax cuts for corporations and the ultra-wealthy would have on Washington state’s health care system
    Approximately 35,000 men die from prostate cancer in the U.S. every year, so the research by Dr. Lange and his UW Medicine and Fred Hutch medical associates, has helped save many lives by dramatically reducing the annual death rate and, very critically, has elevated the prospects of developing a complete cure.
    One of those men is well-known Edmonds-based travel writer Rick Steves, whose prostate cancer was caught by an early detection test.  Steves has spoken publicly about his battle with prostate cancer to raise awareness and encourage men to talk to their doctors early about screening – and to express gratitude that he has “access to the brilliant UW Medicine team at the IPCR now headed by Dr. Dan Lin and the leading technology at Seattle’s Fred Hutch Cancer Center.”
    Over the past month, Sen. Cantwell has been sounding the alarm on the Trump administration’s threats to cut funding from the National Institutes of Health (NIH). In early February, NIH  announced it would set the maximum rate for indirect costs to 15% —creating a serious funding shortfall for research institutions of all types across the country. This move would dismantle the biomedical research system and stifle the development of new cures for disease.
    On Feb. 12, Sen. Cantwell delivered a speech on the Senate floor explaining her opposition to Robert F. Kennedy, Jr.’s nomination to head the Health and Human Services Administration and laying out the repercussions of the proposed NIH cuts. On Feb. 13, she joined the entire Senate Democratic Caucus in sending a letter to Kennedy expressing serious concern over the Trump Administration’s recent decisions that threaten to undermine America’s lifesaving biomedical research infrastructure, in violation of federal law.
    “The Administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly,” the Senators wrote.
    Last week, Sen. Cantwell released a snapshot report highlighting the impact that slashing Medicaid to fund tax cuts for corporations and the ultra-wealthy would have on Washington state’s health care system, especially in Central and Eastern Washington. Based on interviews and statements from more than a dozen health organizations statewide, the report details how Medicaid cuts — and the subsequent service cuts by providers — would likely affect all Washingtonians.
    Research entities in Washington state received $1.29 billion in NIH funding in Fiscal Year 2023, which supports nearly 12,000 jobs and nearly $3 billion in economic activity. A state by state analysis of total NIH funding, jobs supported, and economic activity supported through NIH research is available HERE.
    For decades, Sen. Cantwell has remained a staunch supporter of medical innovation and evidence-based science, including treatments for fentanyl addiction, abortion, vaccinations, stem cell research, and more.

    MIL OSI USA News

  • MIL-OSI USA: Hoeven: Linda McMahon Confirmed as Education Secretary

    US Senate News:

    Source: United States Senator for North Dakota John Hoeven

    03.03.25

    WASHINGTON – Senator John Hoeven issued the following statement after the Senate confirmed Linda McMahon to serve as Secretary of Education:

    “We worked closely with Linda McMahon when she served as Administrator of the Small Business Administration during President Trump’s first administration. Secretary McMahon demonstrated strong leadership and has always been willing to work with others in a collaborative way. We look forward to working with her and congratulate her on her confirmation as Secretary of Education.”



    MIL OSI USA News

  • MIL-OSI Asia-Pac: President Lai attends ceremony marking 78th anniversary of 228 Incident

    Source: Republic of China Taiwan

    Details
    2024-12-10
    President Lai attends 2024 Asia Democracy and Human Rights Award ceremony
    On the morning of December 10, President Lai Ching-te presented the 2024 Asia Democracy and Human Rights Award to Bangladesh-based human rights organization Odhikar. In his remarks, President Lai recognized Odhikar’s dedication to promoting the human and political rights of the citizens of Bangladesh and courageously forging ahead in the pursuit of democracy and human rights. The president emphasized that defending democracy requires all the strength we can muster. He stated that the government of Taiwan will continue its efforts to strengthen Taiwan’s ability to defend democracy, and deepen partnerships with various countries to make global democracy more resilient. A translation of President Lai’s remarks follows: First, on behalf of the people of Taiwan, I want to offer sincere congratulations to Bangladesh-based human rights organization Odhikar, winner of the 2024 Asia Democracy and Human Rights Award. The Taiwan Foundation for Democracy (TFD) upholds that in Taiwan, human rights are a pillar of the nation. The TFD established the Asia Democracy and Human Rights Award in 2006, and thanks to the leadership of its successive chairmen and presidents, this award has now become one of Asia’s highest honors. And under the leadership of Chairman Han Kuo-yu (韓國瑜), it will continue to strengthen Taiwan’s links with the world. This award recognizes individuals or groups that have promoted democracy and defended human rights in Asia, and also conveys the values that Taiwan upholds. Recipients of this award, just like Odhikar, have fought valiantly for freedom and human rights. Since its founding in 1994, Odhikar has been dedicated to promoting the human and political rights of the citizens of Bangladesh. The organization not only provides oversight and promotes accountability, but also publishes an annual human rights report that exposes neglected human rights abuses, so that unjust practices hidden in darkness can be brought to light. Members of Odhikar’s team have long faced severe difficulties while conducting human rights work, including harassment, imprisonment, and surveillance. Nevertheless, all have maintained an indomitable fighting spirit, courageously forging ahead in the pursuit of democracy and human rights, which is truly admirable. Taiwan, like Bangladesh, has experienced the suppression and coercion of authoritarian rule. But thanks to the dedication of many democracy activists and defenders of human rights, the people of Taiwan now enjoy a free and democratic way of life, and can use their ballots to determine the future of their own country. Taiwan is now a vibrant democratic society on the frontline of the defense of democracy. In recent years, disinformation and cognitive warfare have become challenges for all democracies. Through the Global Cooperation and Training Framework (GCTF), Taiwan has continuously expanded cooperation with various partner countries, exchanging experiences and strategies to counter disinformation. In September this year, for example, a GCTF overseas workshop was held in Lithuania for the first time, exploring how to deal with foreign information manipulation and interference during elections. Looking ahead, the government of Taiwan will continue its efforts to strengthen our ability to defend democracy, and deepen our partnerships with various countries to make global democracy more resilient. I also want to emphasize that defending democracy requires all the strength we can muster. So today, on Human Rights Day, I am honored to congratulate Odhikar in person, and thank you all for sharing your ideas and experiences with Taiwan’s society to forge an even greater force for progress. I look forward to a world with more civil society organizations like Odhikar to strengthen the bulwarks of freedom and human rights, and I firmly believe that into the future, your courageous convictions will be carried forward here in Taiwan. Let’s continue our efforts. Members of the foreign diplomatic corps stationed in Taiwan were also in attendance at the event.

    Details
    2024-05-10
    President Tsai attends 2024 Human Rights Press Awards ceremony
    On the evening of May 10, President Tsai Ing-wen attended the 2024 Human Rights Press Awards ceremony. In her remarks, President Tsai thanked the media for reporting on and bringing awareness to many important human rights issues. The president stated that Taiwan remains committed to advancing human rights. In 2019, she said, Taiwan became the first Asian country to legalize same-sex marriage, and in the following year, we established the National Human Rights Commission to better monitor and secure human rights protections at home. The president also stated that in 2022, Taiwan rolled out our first National Human Rights Action Plan, and in February, the Executive Yuan passed the UN International Convention for the Protection of All Persons from Enforced Disappearance, marking another major milestone for Taiwan’s human rights development, achieved by our people and government working together. President Tsai stated that Taiwan now is rated as one of the freest countries when it comes to press freedom, and is an important hub for international media. This growing presence of international journalists, she said, is evidence that Taiwan is a country where transparency, freedom of expression, and easy access to information are ensured. The president said she is looking forward to Taiwan continuing to be the home for free press in Asia, and that Taiwan will continue to stand up for democracy, freedom, and human rights, and endeavor to build a world where all can live in dignity. A transcript of President Tsai’s remarks follows: It is my pleasure to join you all today at this important awards ceremony to congratulate the recipients of the Human Rights Press Awards. I am also happy about the fact that this event is being held in Taiwan for the very first time.  Your presence here is testament to Taiwan’s hard work on safeguarding media freedom and human rights. This event is also a demonstration to the world just how deeply Taiwan values these important pillars of democracy. I would like to thank the organizers of this event: Human Rights Watch, the Walter Cronkite School of Journalism and Mass Communication at Arizona State University, the foreign correspondents’ clubs of Taiwan and Thailand, and the Reynolds Center for Business Journalism. I applaud you for taking up this important mission of maintaining this award at a time when journalists are under unprecedented pressure and repression in carrying out their duties.  Tonight, I want to congratulate the recipients of the Human Rights Press Awards.  Congratulations to you all, and thank you for reporting on, and bringing awareness to many important human rights issues.  This includes the persecution of religious minorities in Myanmar, the rising number of suicides among Afghan women living under Taliban rule, and the Chinese government’s treatment of White Paper protesters, who stood up against COVID-19 lockdowns.  In an era of rising authoritarianism, with an increasing number of autocratic leaders and disinformation campaigns, your role as journalists in exposing the truth is more critical than ever. And through a variety of forms, such as writing, photography, video, audio, and multimedia, your courage and effort not only inspire us. You also help raise awareness in the international community, and prompt us to take action to tackle these pressing human rights issues. More importantly, by exposing injustices, you give hope to those whose stories that you told.  In Taiwan, we experienced the injustices of authoritarian rule, under nearly four decades of martial law. Some even sacrificed their lives for media freedom. Through our hard work, Taiwan now is rated as one of the freest countries when it comes to press freedom. In Freedom House’s report on Freedom in the World this year, Taiwan scored 94 out of 100. Under the Civil Liberties category, Taiwan received a perfect score for Freedom of Expression and Belief. Our news media is described as “generally free, reflecting a diversity of views and reporting aggressively on government policies.” Of course, in a critical way. According to the Economist Intelligence Unit’s Democracy Index 2023, Taiwan ranked 10th in the world and first in Asia, and was one of only 24 countries in the world evaluated as a “full democracy.” And, in this year’s World Press Freedom Index by Reporters Without Borders, Taiwan ranked 27th in the world, rising eight spots from last year. Despite these achievements, in recent years, there have been authoritarian forces targeting the freedom we have worked so hard to achieve. We found that there are constant attempts from authoritarian forces to influence our media environment. There are also well-funded, large-scale disinformation campaigns making extensive use of internal and external propaganda to influence Taiwan’s democracy. The freedoms enjoyed by Taiwanese citizens on the internet, media, and social media are now being utilized to erode Taiwan’s democracy.  Eleven years in a row, Taiwan has exceeded every other country in the world, on the amount of false information disseminated within its borders by other governments, according to the research by V-Dem. There are several goals of such campaigns. They want to further polarize our society, pitting citizens against one another. They also want to erode trust in democratic institutions and government officials. They aggressively promote the narrative that democracy is chaotic and inefficient. Such disinformation campaigns have become one of the most difficult challenges for democracies like Taiwan. Moreover, the rise of AI has benefited all of us. On the other hand, this rise has also allowed disinformation to be generated and distributed at an unprecedented rate. This makes deterring it much more difficult. This also makes defending our right to know the facts all the more important.  A democracy has limited means to deal with disinformation campaigns. This is out of the concern of causing harm to freedom of speech, if measures are taken to limit, restrict, or control the free flow of information. In Taiwan, in order to counter disinformation campaigns, we encourage all parts of our society to act together. As timeliness and transparency are keys to an effective defense against disinformation, the Taiwanese government holds news briefings and releases real-time official clarifications on a regular basis. Taiwan’s vibrant civil society also contributes quite a lot to combat disinformation. Some publish thoroughly researched and detailed reports on disinformation campaigns. They also identify playbooks on authoritarian information manipulation. This is accompanied by media literacy lesson plans and offering education to citizens. The civil tech community has also developed chatbots for chat applications to make fact-checking much easier.  Other than countering information warfare from authoritarian regimes, Taiwan remains committed to advancing human rights. In 2019, we became the first Asian country to legalize same-sex marriage. The following year, we established the National Human Rights Commission to better monitor and secure human rights protections at home. And in 2022, we rolled out our first National Human Rights Action Plan, with the aim of continually improving human rights standards. Although Taiwan is not a member of the United Nations (UN), we have voluntarily incorporated six international covenants on human rights into domestic law, and issued national reports on their implementation.  In February, the Executive Yuan passed the UN International Convention for the Protection of All Persons from Enforced Disappearance. This marked another major milestone for Taiwan’s human rights development, achieved by our people and government working together. As the result of our work on safeguarding freedom, Taiwan is now an important hub for international media. In recent years, we have received increasing numbers of resident correspondents and visiting journalists from international media agencies. As of last month, Taiwan is home to 176 correspondents from 86 media outlets originating in 22 countries – this is roughly double the figure from 2016. This growing presence of international journalists is evidence that Taiwan is a country where transparency, freedom of expression, and easy access to information are ensured. I am proud and looking forward to Taiwan continuing to be the home for free press in Asia. Despite the new and growing challenges in the region, Taiwan will continue to stand up for democracy, freedom, and human rights. Now more than ever, it is essential that we unite and support one another, as we address these challenges together and endeavor to build a world where all can live in dignity. I want to close by thanking you all again for joining me to honor the recipients of the Human Rights Press Awards. At a time when many journalists in Asia and from around the world must put their safety at risk for doing their job, you have our utmost respect for your professionalism and courage. Once again, congratulations to all the award-winners. Also in attendance at the event were European Economic and Trade Office Head Filip Grzegorzewski and British Office Taipei Representative John Dennis.

    Details
    2024-04-17
    President Tsai delivers remarks at International Holocaust Remembrance Day event
    On the afternoon of April 17, President Tsai Ing-wen attended an International Holocaust Remembrance Day event and delivered remarks, in which she said that unity is imperative in combating hatred and developing understanding. The president stated that as we are confronted with the growing threats of terrorism and authoritarianism, Taiwan has been taking initiatives, through collaboration with our international partners, to enhance regional religious freedom, to fight against discrimination, and to promote equality. She stated that Taiwan will continue to be a strong advocate for human rights and democracy, so we can leave the world a better place for future generations. Upon arrival, President Tsai took in a musical performance and watched as a rabbi recited a prayer before joining other distinguished guests to light candles in memory of the Holocaust’s victims. A transcript of President Tsai’s remarks follows: I would like to begin by thanking the Israel Economic and Cultural Office (ISECO) in Taipei, the German Institute Taipei, the Ministry of Foreign Affairs, and the Taiwan Foundation for Democracy for co-organizing this important event. I also want to thank you all for making time to come here today to remember those who lost their lives in the Holocaust. We are also here to pay tribute to those who survived, and to acknowledge the sufferings of all who were affected by this dark chapter of human history.  I also want to take a moment to acknowledge Mr. Peter Gaspar, who is joining us virtually today. I am grateful for his participation in this year’s event and for sharing his harrowing experience with all of us. Every year, we come here together to remember those who perished in the Holocaust, as well as those who endured unimaginable sufferings because of this tragedy. We must pledge to never forget this period in history, when human dignity was cast aside for political ideology. We should also never stop fighting against discrimination and bigotry. We must also be reminded that there are still countless people who continue to suffer at the hands of authoritarian regimes and dictatorships, just because they are of different ethnic origin, gender, sexual orientation, religion, or political ideology. In other words, there is still much work needed to be done. In the pursuit of justice and truth, we can learn from Israel and Germany – Israel in its efforts to preserve the historical accounts of the Holocaust, especially its victims, and Germany in its courage to face the past.  In Taiwan, we have been working to ensure that we address the injustices of the past and uncover the truth of atrocities in the authoritarian era. In addition to the annual commemoration of the 228 Incident, my government has built a solid foundation for the realization of transitional justice. We elevated transitional justice as a priority at the highest government level. The Executive Yuan established government bodies to further emphasize the values of transitional justice in policy implementation. The newly amended Political Archives Act came into effect this year, on the 77th anniversary of the 228 Incident. This is an important element in my government’s effort to restore truth in the pursuit of transitional justice. We hope this will further help bring some closure and comfort to the victims of the White Terror era and their families. Even though we have come quite a long way on upholding human rights and fighting against bigotry, the world must continue to confront antisemitism and authoritarian aggression. We are also seeing the horrifying effects of such aggressions in Ukraine and in Hamas’ terroristic attack on Israel. This is why we stress the importance of working alongside the international community to safeguard what we fought so hard to achieve, that is, democracy, freedom, equality, and peace. As part of our collaborative efforts, starting from 2021, the Israel office here, our Ministry of Education’s human rights resource center, and Yad Vashem, Israel’s World Holocaust Remembrance Center, co-organized workshops and held traveling exhibitions to raise awareness on the history of the Holocaust. We also continue to donate to Yad Ezer Lechaver, an NGO that works with our representative office in Tel Aviv, to help provide daily necessities to Holocaust survivors. Through collaboration with our international partners, Taiwan has been proactively taking initiatives to enhance regional religious freedom, to fight against discrimination, and to promote equality. Taiwan will continue to be a strong advocate for human rights and democracy. History has taught us time and again that unity is imperative in combating hatred and developing understanding. As we are confronted with the growing threats of terrorism and authoritarianism, it is even more important that we work together, so we can leave the world a better place for future generations. We owe it to the memory of those who lost their precious lives to a tragedy like the Holocaust and those who sacrificed themselves to protect the value of democracy. We should also remind ourselves to remain vigilant, while we reaffirm our vow to not let this tragedy happen again. In closing, I want to thank everyone for taking part in this meaningful event, and for keeping the names and stories of the victims of the Holocaust living in our memory. Also in attendance at the event were Chair of the Knesset Taiwan friendship group Boaz Toporovsky, ISECO Representative Maya Yaron, and German Institute Taipei Director General Jörg Polster.

    Details
    2024-02-28
    President Tsai attends ceremony marking 77th anniversary of 228 Incident
    On the morning of February 28, in Chiayi County, President Tsai Ing-wen attended the nation’s main memorial ceremony marking the 77th anniversary of the 228 Incident. The president offered a floral wreath in memory of the victims, and stated that over the past eight years the government has worked systematically to advance work in transitional justice, pointing out that it has completed four fact-finding investigation reports to restore historical truths and has helped victims to restore their reputations and receive compensation. She said that nearly 2,000 applications for compensation have been accepted for processing, and the government has already paid out a total of more than NT$4 billion in compensation. The government’s effort last year to pass an amendment to the Political Archives Act saw support from both the ruling and opposition parties, she said, and that amendment enters into force today. The president emphasized that transitional justice is not intended to be directed at any particular political party. Rather, she said, it is that the government in a democratic system must take responsibility for illegal acts committed by the state during an earlier period of authoritarian rule and make amends for past harms. She said that honestly facing up to our history is the only way Taiwan’s democratic institutions can become more deeply rooted and continue to evolve. Emphasizing that there is no shortcut to transitional justice, and that scars in the memory do not easily fade, the president said that our generation must take concrete action to find ways to peacefully coexist with history and build an even more open society. She said that to face the past, we must not forget the past, much less fear to remember it; and to face the future, we must continue to deepen our discussions as we pursue a more democratic, sustainable social community. A translation of the president’s remarks follows: The February 28 Incident filled the people of Taiwan with a desire for democracy and freedom, but authoritarianism and heavy-handed rule stymied the seeds of democracy and ushered in the White Terror era. This difficult period of the past left a scar on Taiwan’s history. To help this scar to heal, we must first understand the nature of the wound. Until we honestly face facts and listen to one other, we cannot close our wounds and reach the genuine reconciliation that ends our history being a cause of division in Taiwan. Once we do this, the people of Taiwan will be better able to join together in defense of democracy and move forward together. Over the past eight years, we have worked systematically to advance work in transitional justice. In the area of legislative action, we began with reinforcing the foundation for transitional justice by amending the Act Governing the Settlement of Ill-gotten Properties by Political Parties and Their Affiliate Organizations, the Act on Promoting Transitional Justice, the Organizational Act of the National Human Rights Museum, the Political Archives Act, and the Act to Restore Victim’s Rights Infringed by Illegal Acts of the State During the Period of Authoritarian Rule. We have also established specialized organizations and mechanisms that form the engine moving our transitional justice project forward. Now that the Transitional Justice Commission has completed its mission, the Executive Yuan is coordinating the efforts of six central government agencies that have taken over the task of implementing transitional justice work. Building on this foundation, our government has completed four fact-finding investigation reports to restore historical truths, and we have amended legislation to improve the handling of political archives and ill-gotten assets in the possession of political parties. From the ill-gotten party assets that have been appropriated by the state, a special fund has been established to support public welfare and transitional justice-related work. We have also helped victims restore their reputations and receive compensation. Nearly 2,000 applications for compensation have been accepted for processing by the Restoration of Victim’s Rights Infringed by Illegal Acts of the State During the Period of Authoritarian Rule Foundation since it was established over a year ago. Last year, for the first time ever, our government returned property to a victim from whom it had been illegally confiscated by the state during the period of authoritarian rule. In total, the government has already paid out more than NT$4 billion in compensation. Transitional justice is not intended to be directed at any particular political party. Rather, it is that the government in a democratic system must take responsibility for illegal acts committed by the state during an earlier period of authoritarian rule and make amends for past harms. Honestly facing up to our history is the only way Taiwan’s democratic institutions can become more deeply rooted and continue to evolve. After years of hard work, the 228 Memorial Foundation has identified 2,340 victims of the 228 Incident, and has additionally identified more than 4,000 possible victims. In a short while, acting on behalf of the government, I will be awarding “certificates of restored reputation” to the family members of several victims of the 228 Incident. Two of these individuals had originally been classified as “possible victims,” but after historical archives were made available for public access it was confirmed that they had indeed been victims. Our experience in this case showed us that there remain more historical truths for the government to help bring to light. This is why the government saw support from both the ruling and opposition parties last year when it worked to pass an amendment to the Political Archives Act. That amendment did pass, and it enters into force today. Political archives provide many important pieces in the puzzle of our historical past, so I would like to ask our national security officials to adopt an open-minded attitude. I would like for them to declassify more political archives and make them publicly accessible to the greatest possible extent. Our transitional justice work encompasses truth, justice, reparation, memorialization, and, most importantly, guarantees of non-recurrence. These are the five internationally recognized pillars of transitional justice. We have also seen different sectors of Taiwanese society contribute to transitional justice, each in its own way. In Search of a Mixed Identity, a film about a victim of the 228 Incident, will premiere next month, and the Gongsheng Music Festival, which is held annually to commemorate the incident, marked its 12th year in 2024. I want to thank the many civil society organizations and young people who have worked so long and hard to further the cause of transitional justice. You have given of yourselves for the nation, providing fresh tinder to keep the torch of democracy alight and keep it glowing ever stronger. I must also thank the Executive Yuan, the Transitional Justice Commission, the Ill-Gotten Party Assets Settlement Committee, and the various central government agencies and civil society organizations that have accompanied us on this undertaking every step of the way. Together we have worked on behalf of those who suffered the indignities of the 228 Incident and the White Terror era so that they can put the darkness behind them. But I know full well that our efforts pale in comparison to what the victims and their family members have been through. There is no shortcut to transitional justice, and scars in the memory do not easily fade. Our generation must take concrete action to find ways to peacefully coexist with history and build an even more open society.  I have spoken with the Executive Yuan about the three points that Chiang Jung-sen (江榮森) just raised. As a matter of fact, these three points are related to issues the Executive Yuan is actively addressing right now, and I am confident that the Executive Yuan will come forward with public statements at the proper times. These matters are all part of the government’s work, and we will continue doing our best to address them. To face the past, we must not forget the past, much less fear to remember it. To face the future, we must continue to deepen our discussions as we pursue a more democratic, sustainable social community.

    Details
    2023-12-07
    President Tsai attends 2023 Asia Democracy and Human Rights Award ceremony
    On the morning of December 7, President Tsai Ing-wen presented the 2023 Asia Democracy and Human Rights Award to Amihan Abueva, regional executive director of the Child Rights Coalition Asia (CRC Asia). In remarks, President Tsai recognized Ms. Abueva’s long-term contributions to advocacy for the rights of children in her battle against all forms of child violence. The president pointed out that Taiwan has endeavored for nearly a decade now to incorporate international standards for the rights of the child into domestic law to ensure more protections for children’s rights. The president said that Taiwan will remain vigilant to protect our hard-earned democracy, freedom, and human rights, and by doing so, help further entrench the rights of the child here and globally. A transcript of President Tsai’s remarks follows: Today, I would like to begin by congratulating Ms. Amihan Abueva on receiving this year’s Asia Democracy and Human Rights Award, established by the Taiwan Foundation for Democracy. Ms. Abueva has been a powerful advocate for the rights of children in her decades-long battle against all forms of child violence, especially trafficking and sexual exploitation. Throughout her career, she has epitomized selflessness and courage, tirelessly fighting to secure a safer world for our children and our future. Whether in her former roles as executive secretary and president of ECPAT International [End Child Prostitution, Child Pornography and Trafficking of Children for Sexual Purposes], or in her current position as the regional executive director of the Child Rights Coalition of Asia, Ms. Abueva has pushed for more child participation, in society and in policy-making for child welfare. She has also contributed to the strengthening of the relevant legal framework at the national and international levels. As she once said, “Children’s rights are everybody’s business.” Ms. Abueva has also played an important role in government efforts by serving as Philippine representative to the ASEAN Commission on the Rights of Women and Children. And her leadership today at CRC Asia has helped connect child rights organizations throughout Asia, including our own Child Welfare League Foundation in Taiwan. The network she built has brought the public sector and private society together to work toward the improvement of children’s rights. While advocating her cause, Ms. Abueva has also devoted herself to awareness raising, through speeches and reading materials, helping both adults and children see the warning signs so that they can prevent trafficking from taking place. Throughout her storied career, her mission has remained the same: to protect children, their rights, and their future, by giving them a voice and making sure their stories are heard. Taiwan also strives to do its part to protect our children and their rights. As with most rights advocacy, we owe our thanks to our civil society in spearheading grassroots efforts and working in coordination with the government. And a crucial part of that is making sure we have sound legislation. For nearly a decade now, we have endeavored to incorporate international standards for the rights of the child into domestic law. In 2014 we passed legislation to bring the principles of the 1989 United Nations Convention on the Rights of the Child (UNCRC), the most ratified human rights treaty in history, into our own legal framework. And to bring Taiwan more in compliance with the UNCRC, we hold discussions and reviews on our implementation efforts, which help us formulate future policy and further protect the rights of children. To date, we have submitted two national reports, each followed by a review meeting. To these, we invite international experts to discuss the state of children’s rights in Taiwan with our government agencies and NGOs. Most importantly, and as Ms. Abueva has long championed, children and the youth are represented in these meetings to ensure that they have a voice in the protection of their own rights. Aside from overarching legislation, we want to ensure that children’s rights are covered by relevant laws. Under these laws, Taiwan has not only addressed traditional forms of violence done to children, in both home and school environments; we have also taken a forward-looking approach to prevent novel forms of child violence. With the addition to our Criminal Code of a chapter on offense against sexual privacy this year, we aim to protect the sexual privacy of every individual in the digital age. And this is particularly beneficial for children and young people, a large and vulnerable demographic of Internet users. As proclaimed in the UNCRC, children are entitled to the very rights set forth in the Universal Declaration of Human Rights. With this in mind, Taiwan will remain vigilant to protect our hard-earned democracy, freedom, and human rights, and by doing so, help further entrench the rights of the child here and globally. Once again, I extend my sincere congratulations to Ms. Abueva, and thank her for her selfless efforts. With the inspiration of such outstanding advocates as Ms. Abueva, I look forward to more people joining forces in the fight to protect the rights of the most vulnerable. Members of the foreign diplomatic corps in Taiwan were also in attendance at the event.

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

    MIL OSI Asia Pacific News

  • MIL-OSI USA: AKT Trading Inc. Recalls Prepared Vegetable Products Because of Possible Health Risk

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    March 03, 2025
    FDA Publish Date:
    March 03, 2025
    Product Type:
    Food & BeveragesFoodborne Illness
    Reason for Announcement:

    Recall Reason Description
    Potential risk of Clostridium botulinum

    Company Name:
    AKT Trading, Inc.
    Brand Name:

    Brand Name(s)
    Multiple brands

    Product Description:

    Product Description
    Prepared vegetable products.

    Company Announcement
    AKT Trading Inc. of Torrance, California, is recalling certain prepared vegetable products manufactured by Choshiya Honten Co., Ltd. due to a potential risk of Clostridium botulinum, a bacterium which can cause life-threatening illness or death.  The products lack the necessary “Keep Refrigerated” statement, which could lead to hazardous bacterial growth if stored at room temperature. Consumers are warned not to use the product even if it does not look or smell spoiled.
    Botulism, a potentially fatal form of food poisoning, can cause the following symptoms: general weakness, dizziness, double-vision and trouble with speaking or swallowing. Difficulty in breathing, weakness of other muscles, abdominal distension and constipation may also be common symptoms. People experiencing these problems should seek immediate medical attention.
    The Products were distributed at Tokyo Central / Marukai stores located in California.

    Tokyo Central Gardena

    1740 Artesia Blvd., Gardena, CA 90248

    Tokyo Central Cupertino

    19750 Stevens Creek Blvd.,Cupertino, CA 95014

    Marukai Market Little Tokyo

    123 S Onizuka St. #105, Los Angeles,CA 90012

    Tokyo Central & Main Pacific

    1620 W Redondo Beach Blvd.,Gardena, CA 90247

    Tokyo Central San Diego

    8151 Balboa Ave, San Diego, CA 92111

    Tokyo Central Torrance

    3832 W Sepulveda Blvd., Torrance, CA 90505

    Marukai Market West LA

    12121 W Pico Blvd., Los Angeles, CA 90064

    Tokyo Central Costa Mesa

    2975 Harbor Blvd., Costa Mesa,CA 92626

    Tokyo Central West Covina

    1420 S Azusa Ave., West Covina, CA 91791

    Tokyo Central Yorba Linda

    18171 Imperial Hwy., Yorba Linda, CA 92886

    Tokyo Central PCH Torrance

    3665 Pacific Coast Highway, Torrance, CA 90505

    The affected product is packaged in a plastic bag and can be identified by the following information:

    Brand Name 

    Product Name 

    Container 

    JAN CODE (UPC)

    Expiration Date 

    Japanese Pickles

    SHIBA ZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535128

    8/27/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    AOKAPPA ZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535135

    5/14/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    FUKUSHIN ZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535142

    7/9/2025, 5/31/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    SOFT TSUBOZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535159

    7/29/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    RAKKYO ZUKE PREPARED VEGETABLES

    1lb plastic bag

    4983673526021

    8/1/2025, 7/1/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    CHOSHIYA

    ABURA-ITAME ZHASAI PREPARED SICHUAN VEGETABLE

    8.8oz. plastic bag

    4983673527325

    4/3/2025, 2/25/2025 (Printed on the edge of the surface)

    *No illnesses have been reported to date

    This issue was discovered on 2/18/2025 at the Tokyo Central / Marukai retail store. The missing “Keep Refrigerated” label likely contributed to this issue. The product was immediately removed from sale at this location. Consumers who have purchased the affected product with the specified expiration date are urged not to consume it. Consumers should discard the product or return it to the place of purchase for a full refund. AKT Trading Inc. is committed to the safety and quality of its products and is taking this action out of an abundance of caution. We are cooperating fully with the U.S. Food and Drug Administration (FDA) on this matter.
    Consumers with questions may contact AKT Trading Inc. at 310-715-2174 (M-F 9:30am-6:00pm in PST) or info@aktusa.com.
    This recall is being made with the knowledge of the U.S. Food and Drug Administration.
    Link to Initial Press Release

    Company Contact Information

    Product Photos

    Content current as of:
    03/03/2025

    Regulated Product(s)

    Topic(s)

    Follow FDA

    MIL OSI USA News

  • MIL-OSI Australia: ACCC releases first quarterly dataset on NBN service quality and network performance

    Source: Australian Competition and Consumer Commission

    The ACCC has today published data detailing the National Broadband Network’s (NBN) service quality and network performance, as mandated by a new Record Keeping Rule.

    These quarterly datasets will offer insights into the quality of NBN services including connection times, fault rectification, appointment keeping, and the extent of planned and emergency network outages.

    “By sharing these insights regularly, we aim to keep the public informed about the service quality they can expect when using the NBN,” ACCC Commissioner Anna Brakey said.

    “Over time, we will highlight areas where households and businesses are receiving good service quality and areas where there are opportunities for improvement by NBN Co.”

    “This will provide incentives for NBN Co and retail service providers to improve service quality and expand the range of offers that retailers can make, which is a win for consumers,” Ms Brakey said.

    The dataset published today is for the quarter ending September 2024. Key takeouts from this quarter indicate that:

    • Most service orders were completed and service faults restored within one business day of acceptance of the work request due to increased automation that has been introduced by NBN Co.
    • NBN Co connects a very high percentage of services within the timeframes allowed by its current service standards. However, this percentage reduces when the data only relates to connections used for the supply of a standard telephone service, where faster timeframes apply.
    • Most of the reported outages were for planned maintenance or upgrade work, rather than for emergency outages. The proportion of outages on the HFC network was relatively high compared to the proportion of services that use this network type. Outages attributable to third parties such as electricity utilities are not included in this data set.
    • A relatively small number of households or businesses are connected to copper lines that NBN Co has identified as needing out-of-the-ordinary network improvement work for the lines to meet minimum standards. NBN Co’s current target allows it up to 18 months to fix these problem lines.

    “NBN Co is currently consulting with the public on proposed improvements to its current service standards consistent with service quality aspects that are most valued by consumers. The dataset that we have published today would likely allow stakeholders to better engage in NBN Co’s consultation,” Ms Brakey said.

    The next dataset will relate to the quarter ending December 2024 and will be published later this month.

    Background

    On 5 April 2024, the ACCC published a record keeping rule (RKR) and explanatory statement for NBN Co’s service quality and network performance. The RKR was subsequently amended in October 2024.

    This RKR requires NBN Co to collect data relating to National Broadband Network service quality and network performance. NBN Co is required to report this data to the ACCC.

    The RKR commenced on 1 July 2024 with quarterly reporting required for the September 2024 quarter onwards. 

    The RKR resulted from previous ACCC work relating to service quality levels and issues on the NBN, including the ACCC’s inquiry into NBN Co’s wholesale service standards.

    The inquiry found that improvements in NBN Co’s reporting to retail service providers would assist them to better manage end-user expectations. It also found that improved reporting on service level metrics would provide an incentive for NBN Co to improve its performance and result in better end-user outcomes over time.

    More recently, there was a need for improved regulatory oversight and public transparency relating to NBN Co’s service quality identified during the ACCC’s 2023 review of NBN Co’s Special Access Undertaking (SAU) variation.

    The varied SAU, which the ACCC accepted in October 2023, included commitments from NBN Co for regular and expanded operational reporting on its service quality performance to its retail service providers. It also included greater public reporting on the outcomes of its annual Service Improvement Plans and Performance Reviews.

    MIL OSI News

  • MIL-OSI USA: Shaheen Guest for Joint Address to Congress Will Highlight Impact of Trump’s Proposed Tariffs on Granite State Small Businesses

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – Today, U.S. Senator Jeanne Shaheen (D-NH) announced that Rebecca Hamilton, the co-owner and co-CEO of Badger in Gilsum, New Hampshire, will be her guest for President Trump’s Joint Address to Congress tomorrow night. Badger, a family-owned manufacturer of natural personal care products, is one of dozens of small businesses in New Hampshire that have been impacted by the uncertainty around President Trump’s proposed tariffs and would be devastated if the tariffs on Mexico and Canada go into effect.
    “I’m honored to have Rebecca Hamilton joining me for the Joint Address to Congress to call attention to the harmful and costly impact of President Trump’s proposed tariffs on Mexico and Canada,” said Senator Shaheen. “Badger is family-owned and operates on razor-thin margins—they can’t afford to budget for tariffs that would amount to another tax on their small business. To grow and create good-paying jobs that boost our local economies, small businesses like Badger need to see federal policies that support a stable and strong economy—tariffs do the exact opposite.”
    “The decision to levy tariffs on key trading partners hurts small businesses like ours, which are the backbone of the U.S. economy,” states Rebecca Hamilton, co-CEO and second-generation owner of Badger. “We rely on smooth international trade for sourcing raw materials and packaging that are either not grown or commercially available in the U.S.  These tariffs would destabilize our business, damage our distribution and market position in Canada, and result in higher prices for our consumers in both the U.S. and the 15 other countries in addition to Canada that import our products. It becomes a no-win situation.”
    Shaheen immediately condemned the proposed Trump tariffs after they were announced and took to the Senate floor to detail the harmful impacts that the delayed Trump tariffs would have on Granite Staters. Shaheen also led the New Hampshire Congressional Delegation in sending a letter to the White House urging him not to impose tariffs on Canada, Mexico and China which are expected to cost the average American $1,200 per year. Shaheen also recently met with representatives from local Chambers of Commerce across New Hampshire about the harmful impact of the potential Trump tariffs on Mexico and Canada.
    Earlier this year, Shaheen introduced new legislation with U.S. Senators Ron Wyden (D-OR) and Tim Kaine (D-VA) to shield American businesses and consumers from rising prices imposed by tariffs on imported goods into the United States. The Senators’ legislation would keep costs down for imported goods by limiting the authority of the International Emergency Economic Powers Act (IEEPA)—which allows a President to immediately place unlimited tariffs after declaring a national emergency—while preserving IEEPA’s use for sanctions and other tools.

    MIL OSI USA News

  • MIL-OSI USA: SCHUMER TO BRING CENTRAL NY USDA WORKER – FIRED BY DOGE AFTER YEARS OF SERVICE – WHO HELPED FARMERS & RURAL BUSINESSES ACROSS UPSTATE NY AS HIS PERSONAL GUEST TO PRESIDENT TRUMP’S JOINT ADDRESS TO…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer
    Tiffany Ramos, A Rome, NY Native & SUNY Morrisville Graduate, Worked At The USDA Since 2021, Helping Farms, Businesses & Residents Of Rural Communities Across Upstate, Until She Was Unfairly Fired As “Probationary” Amid Blind Rash Of DOGE Cuts
    Senator Says Callously Firing Dutiful Public Servants Like Tiffany And Slashing USDA Programs That Farmers & Rural Areas Depend On Does Nothing To Stop Government Waste, And Shows Why Efficiency Demands A Scalpel, Not A Chainsaw
    Schumer: We Should Not Be Firing The Upstate NY-er’s Who Help Our Farmers & Rural Businesses Grow
    Amid mass firings and funding freezes at the United States Department of Agriculture (USDA) because of DOGE, hurting farms, businesses, and residents of rural communities in Upstate NY and across all corners of NY, U.S. Senate Democratic Leader Chuck Schumer today announced he will bring former Syracuse USDA employee, Tiffany Ramos, as his personal guest to attend President Trump’s Joint Session of Congress. Tiffany was fired earlier this month from the USDA’s Rural Development (RD) office where she worked helping farmers, businesses, and rural communities across Upstate NY get the financial assistance they needed, despite her years of service and critical work helping rural New Yorkers.
    “Our farms and rural businesses are the lifeblood of Upstate NY, and the backbone of America. For nearly half a decade, Tiffany Ramos brought passion and commitment to her work at the USDA’s offices in Central New York and the Mohawk Valley, helping rural communities across Upstate New York.  Support for our farmers, support for rural businesses, and jobs like Tiffany’s that help rural areas thrive are not government waste,” said U.S. Senator Charles E. Schumer. “Tiffany embodies the devotion and determination that makes America’s public servants the best in the world. I am all for cutting out inefficiency, but you use a scalpel, not a chainsaw. You don’t rip resources away from our farmers and rural businesses that are already struggling. I am proud to bring Central New York’s own Tiffany Ramos as my guest to President Trump’s Joint Session of Congress and will be fighting to reverse cuts like these that hurt Upstate NY’s farms and rural businesses.”
    “My colleagues and I at the USDA proudly serve the farmers and businesses in our rural communities, living alongside them, understanding their needs, and fighting for their interests. The mass terminations at USDA is not just about me losing my job, it’s the dangerous message we’re sending to rural America. We’re telling farmers, small business owners, healthcare providers and residents of rural communities that they don’t matter enough for our federal government to support the staff needed to help them succeed,” said former USDA employee Tiffany Ramos. “The extraordinary members of the federal civil service I have had the pleasure of working with are not the enemy and are not sitting behind computers doing nothing, rather we are hard at work out in our communities every single day.”
    Tiffany Ramos is a former Farm Service Agency (FSA) Program Technician and RD Business Program Technician based at the USDA’s offices in Oneida and Onondaga Counties. Originally from Rome, NY Tiffany graduated from SUNY Morrisville with an Associate’s Degree in Equine Science & Farm Management in 2009 and a Bachelor’s Degree in Agriculture Business Development in 2021.
    Tiffany started her career at the USDA in 2021 as an FSA Programs Technician. Over her years of work at FSA, Tiffany served as Oneida County’s primary technical contact on Farm Storage Facility loans, Marketing Assistance loans, conservation programs, and more. In 2024, Tiffany voluntarily transferred to USDA RD’s office in Syracuse to fill a Business Program Technician position that had been open for years. During her time at RD, Tiffany took on a statewide portfolio overseeing various loan, loan guarantee, and grant programs to help provide financial support to farms and rural businesses. 
    Tiffany was not on the initial list of probationary employees provided to the USDA after President Trump took office, but after her recent transfer Tiffany specifically reached out to OPM to double check her status. On Wednesday, February 12, 2025, OPM informed Tiffany that her years of service at FSA would be counted towards her retirement and leave. Nonetheless, Tiffany was blindsided by an email the very next day with news of her immediate termination. Since then, Tiffany has not received any update on the termination procedure or next steps, leaving her unclear on the status of healthcare insurance and making it difficult to file for unemployment benefits.
    Tiffany’s termination letter claimed that her continued employment was not “in the public interest” despite all of Tiffany’s performance evaluations rating her as “Fully Successful” and zero documentation of poor performance or unsatisfactory work. Schumer said this is a prime example of blind and misguided ‘DOGE’ layoffs hurting American farmers, businesses and residents in our rural communities while creating chaos in every corner of New York State and all across the country.
    President Trump has fired federal workers across Upstate New York, including at the USDA’s Syracuse office where workers like Tiffany help farmers and rural businesses. In January, President Trump froze all federal payments including at the USDA, creating ongoing chaos for farmers and rural communities in Upstate New York. Farmers across the country are still reporting missing payments that they depend on to continue operations. Schumer explained that laying off workers like Tiffany is only hurting farmers, businesses, and rural communities more by cutting off resources they need and limiting staff who can help them.
    President Trump’s layoffs have hurt programs across the USDA, which in tandem with chaos from executive orders, the funding freeze, and slashing of other critical programs like USAID that support farmers, are causing serious financial hardship and worry for agriculture across America. Experts say these massive layoffs at the USDA, which range from those who help rural businesses to top agricultural scientists, could have severe and long lasting impacts for farms and America’s food supply chain. Schumer said DOGE’s approach of fire first and ask questions later cannot continue. As one significant example, last month, DOGE carelessly fired approximately 25% of the employees working on combatting bird flu at the USDA, and now struggling to rehire them, and undermining a response to reduce the crushing prices of eggs Americans are facing.
    Farmers in Upstate NY have reported missing or delayed payments from dozens of programs. One example are programs in the Inflation Reduction Act (IRA) that Senator Schumer led to passage in the Senate, which boosted funding for the USDA RD’s Rural Energy for America Program (REAP), which provides loans and grants to help farmers improve their infrastructure, expand economic opportunities, create jobs and improve the quality of life for millions of Americans in rural areas. The USDA has made billions of dollars available through REAP, but due to Trump’s federal funding fiasco ‘DOGE’ is reviewing millions in REAP payments, and farmers are missing REAP payments they rely on.  Schumer said we cannot continue cutting off resources for farms and rural America and is fighting to reverse these harmful cuts at the USDA.

    MIL OSI USA News

  • MIL-OSI USA: Remarks by President Trump on Investment Announcement

    US Senate News:

    Source: The White House
    class=”has-text-align-center”>Roosevelt Room
    2:38 P.M. EST
         THE PRESIDENT:  Hello, everybody.  Thank you very much.
         Thank you very much.  This is a very big day for a lot of reasons, but this gentleman is a very unique man.  I think I can say, in the world of chips, certainly, but in the world pretty much of business, nobody has done what he’s done.  For those of you that are into that world, you would say, “Wow, he’s a legend.”  But he is a legend.  And it’s an honor to be with you.  Very great honor.  Thank you very much.
         MR. WEI:  Thank you, Mr. President.
         THE PRESIDENT:  Thank you very much.
         Welcoming, from TSMC — which is the biggest there is, at a level that you can’t even calculate, frankly — C.C. Wei, to the White House for a very historic announcement.  This is a tremendous thing for our country and, hopefully, for his company. 
         We’re also pleased to be joined by Commerce Secretary Howard Lutnick and White House AI and crypto czar, David Sacks, another two very highly respected people.  It’s great to have you guys involved.  And, David, thank you very much for coming on.
         David is sort of the king of intellect in that world.  We have some good people.     Today, Taiwan Semiconductor is announcing that they will be investing at least $100 billion dollars in new capital in the United States over the next short period of time to build state-of-the-art semiconductor manufacturing facilities.  I think, mostly, it’s going to be in Arizona, which is what I understand, which is a great state.  I like it because I won it.  But I won most of them — (laughs) — actually.  So — but I did.  We won it, and we won it big.
         The most powerful AI chips in the world will be made right here in America, and it’ll be a big percentage of the chips made by his company.  But, as you know, they’re based mostly in Taiwan.  And they’re far and away the biggest.  There’s nobody even close. 
         This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs — many thousands of jobs, and they’re high-paying jobs.     In total, today’s announcement brings Taiwan Semiconductor investments to about $165 billion — they’ve started already — among the largest new foreign direct investments in United States.
         Apple, as you know, made a big announcement last week of $500 billion, and we have some others that have announced. 
         We have many that want to announce.  But I don’t have time to do all of these announcements, I tell you.  But, for you, I’m doing the announcement.
         MR. WEI:  Thank you.
         THE PRESIDENT:  This will create hundreds of billions of dollars in economic activity and boost America’s dominance in artificial intelligence and beyond. 
         Semiconductors are the backbone of the 21st century economy — and, really, without the semiconductors, there is no economy — powering everything from AI to automobiles to advanced manufacturing.  And we must be able to build the chips and semiconductors that we need right here, in American factories, with American skill and American labor.  And that’s exactly what we’re doing.
         As you know, Taiwan pretty much has a monopoly on that market.  And I think “pretty much” is not a term that’s even appropriate.  They do have a monopoly.  And this is a tremendous move by the most powerful company in the world. 
         It’s a matter of economic security.  It’s also a matter of national security for us.  And, at the same time, Mr. Wei will be able to diversify and have his tremendous presence in another place and a very safe place.  And I want to thank Taiwan Semiconductor for doing the announcement.  
         And I’d like to ask Mr. Wei to say a few words, if you might.
         And I’d also like to ask Howard and David — you can say a couple of words.  But maybe you should go first because, right now, he’s the most important man in the room.  I’m sorry, fellas.
         Please.
         Thank you very much.  Thank you.  Great honor.  
         MR. WEI:  Thank you, Mr. President.
         THE PRESIDENT:  Thank you.
         MR. WEI:  I’m a — I’m a little bit nervous, so I have to pull out my piece of paper.
         Mr. President, Secretary Lutnick — and, David, I didn’t know that — your title, but — okay.
         First, I want to thank — say thank you to Mr. President to give me this opportunity to announce our big project in the U.S. 
    TSMC is the world’s largest chip manufacturing, founded by Dr. Morris Chang in 1987.  It’s now at the forefront of semiconductor technology, supporting AI advancement and industry growth. 
         In fact, I would like to wind back the time that in 2020 we have to thank President Trump’s vision and his support.  So, TSMC start the journey of establishing the advanced chip manufacturing in Arizona.  And now, let me proudly say, now the vision become reality.  
         In Phoenix, Arizona, with 3,000 employees, we are producing the most advanced chip made on U.S. soil with the success of our first fab. 
         So, we are now very happy to announce we are going to invest additional 100 billion U.S. dollar in addition to our current 65-billion-U.S.-dollars investment in Arizona.  We are going to build three more new fab — be- — after we promised the three fabs already, and another two very advanced packaging fab, and, most important, an R&D center, also in Arizona. 
         For this, all the investment — $165 billion — is going to create thousand of the high-paid job, as the president just announced.  And we are, most important — actually, we are going to produce many AI chips.  We are going to produce many chips to support AI’s progress and to support the smartphone’s progress. And, again, with that, I want to thank President Trump again for his support.  In addition, I also want to thank my customers in the U.S., such as Apple, Nvidia, AMD, Qualcomm, Broadcom.  They all support TSMC’s manufacturing in the U.S.  Without their support, we probably cannot make it true. 
    So, again, I want to thank them.  Also, I’d like to thank the TSMC’s employee.  Without their effort, we just cannot make it today. 
    That’s all I want to say.  And thank you. 
    THE PRESIDENT:  Thank you.  That’s great.  (Applause.)  Thank you very much. 
    Howard, please.  David.
    SECRETARY LUTNICK:  Sure.
    THE PRESIDENT:  Thank you. 
    SECRETARY LUTNICK:  So, I’m thrilled to be here today, because President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America. 
    Under the Biden administration, TSMC received a $6 billion grant, and that encouraged them to build $65 billion.  So, America gave TSMC 10 percent of the money to build here.  And now you’re seeing the power of Donald Trump’s presidency, because TSMC, the greatest manufacturer of chips in the world, is coming to America with $100 billion investment.  And, of course, that is backed by the fact that they can come here because they can avoid paying tariffs. 
    So, the idea is: Come to America.  Build greatness in America.  Build for the American customers — the Apple, Nvidia, that whole list that Chairman Wei gave — in order to bring production to America. So, we’re really, really excited.  This continues the most incredible path you’ve ever seen, in these first weeks and months of the Trump administration, of incredible manufacturing coming to America.  The keys that the president has called out are coming here.  They’re coming here in huge size because they want to be in the greatest market in the world, and they want to avoid the tariffs that, if they’re not here, they’d have to suffer. 
    So, I want to congratulate C.C. Wei for bringing in this incredible $100 billion investment, but it’s on the shoulders of our president, Donald Trump, which is why he’s coming. 
    So, thank you.  
    THE PRESIDENT:  Thank you.
    David.  
    MR. SACKS:  Thank you, sir.  Well, the products that TSMC makes are literally the most important products in the world.  I mean, these advanced chips power everything.  They power AI.  They power your phone.  They power your cars.  And without them, the whole modern economy would stop, but they’re not made in the United States. 
    So, for TSMC to move here is a huge, huge development, and we owe that to President Trump’s leadership on the economy and Secretary Lutnick as well.  And, C.C., thank you for — for coming here. 
    Thank you.  Yeah.
    THE PRESIDENT:  Thank you, David. 
    So, thank you very much.  A big percentage of chips with this investment will be made now — a big percentage.  Worldwide, we had very little.  Almost none.  We used to have a lot with Intel.  But we had very little.  And we’ll be at close to 40 percent of the market with this transaction and a couple of others that we’re doing.  That’s a tremendous leap — like, a leap that nobody would have really said was possible. 
    So, I just want to thank you all for being here.  If you want a couple of questions.
    (Cross-talk.)
    Q    On the — 
    THE PRESIDENT:  Ideally on this subject. 
    Yes, please. 
    Q    — specific number of jobs it will create.   He said thousands —
    THE PRESIDENT:  They — yeah.
    Q    — but do you have a better —
    THE PRESIDENT:  They — you’re probably talking about 25,000 jobs.  But it’ll get bigger and bigger with time.  Knowing this gentleman, it’ll get bigger and bigger.  There’ll be no stopping him.  (Laughs.)
    Q    Mr. President, what more —
    THE PRESIDENT:  Yeah.  Brian, go ahead.
    Q    Right.  In addition to the jobs, you talked about national security, and that’s one thing I think a lot of Americans —
    THE PRESIDENT:  Yeah. 
    Q    — at home don’t understand.  Explain the national security aspect of this. 
    THE PRESIDENT:  Well, without the chips and semiconductors, nothing runs today.  You can’t buy a car without them.  You can’t get a radio, a television, nothing — you can’t get anything.  And we thought it was very important — obviously, business was, but we thought even to terms of national security, to have this large percentage of the chips, semiconductors, and other things that they make — the most important product, and not a product that you can really copy.  It takes years and years.  
    You’re on the needle of a pin is total genius.  I mean, they can put things — I mean, something the size of the needle, the point of a pin, they put information that is just not even believable. 
    So, if you would — 
    (Cross-talk.) 
    If you would see this, it’s just really something. 
    Yes, Brian. 
    Q    Can I — one — one more aspect to that.  Honda —
    THE PRESIDENT:  Yeah. 
    Q    — announced they’re coming to Indiana because of the tariffs.  Once again —
    THE PRESIDENT:  That’s right.
    Q    — you’re bringing additional jobs in manufacturing.  Do you want to comment on that as well?
    THE PRESIDENT:  Well, Honda is coming, and I told you about Apple, that they’re going to be starting to build massively here — $500 billion.  And we have many other companies.  It’s going to be announced, but we had many that have already announced.  And no, it’s going to be great.  It’s looking — it’s looking really strong.  I don’t think this country has ever seen anything like we’re seeing right now. 
    Now, the tariffs, as you know, it will start a week earlier than the reciprocal, which is going to be on — a couple of weeks earlier.  Reciprocal tariffs start on April 2nd.  And I wanted to make it April 1st, but I didn’t want to do — I didn’t want to go April Fool’s Day — (laughter) — because that cost me — that costs a lot of money, but — that one day.  So, we’re going April 2nd.
    But very importantly, tomorrow, tariffs — 25 percent on Canada and 25 percent on Mexico, and that’ll start.  So, they’re going to have to have a tariff.  So, what they’ll have to do is build their car plants, frankly, and other things in the United States — in which case, they have no tariffs.  In other words, you build — and this is exactly what Mr. Wei is doing by building here.  Otherwise, they’ll build — if they did them in Taiwan to send them here, they’ll have 25 percent or 30 percent or 50 percent or whatever the number may be someday.  It’ll go only up.  But by doing it here, he has no tariffs, so he’s way ahead of the game. 
    And I would just say this to people in Canada or Mexico, if they’re going to build car plants, the people that are doing them are much better off building here, because we have the market.  We’re the market where they sell the most.  
    And so, I think it’s going to be very exciting.  Very exciting for the automobile companies.  Very exciting for — I can think of any — as an example, North Carolina, they had the great — I used to go there to buy furniture for hotels, and it’s been wiped out.  That business all went to other countries, and now it’s all going to come back into North Carolina — the furniture manufacturing business.
    Please.  
    Q    Mr. President —
    Q    Is the Ukraine minerals deal now dead, or can it be revived?  What — what’s your —
    THE PRESIDENT:  Well, I’ll let you know.  We’re making a speech — you probably heard about it — tomorrow night, so I’ll let you know tomorrow night. 
    But, no, I don’t think so.  I think it’s — look, it’s a great deal for us, because, you know, Biden very, very, foolishly — stupidly, frankly — gave $300 billion and — $350 billion, more accurately — to a country to fight and to try and do things.  And you know what happened?  We get nothing.  We get nothing — just gave it. 
    We could have rebuilt our entire U.S. Navy with $350 billion.  Think of it.  Three hundred and fifty billion, we could have rebuilt our U.S. Navy.
    So, he gave it away as fast as the money could be gone.  And what we’re doing is getting that all back and a lot more than that.  And what we need — it’s very important for this business that we’re talking about here, with chips and semiconductors and everything else — we need rare earths.  And the deal we have is we have the finest rare earths that you can. 
    Q    Sir, on Ukraine.  Sir, on Ukraine.
         Q    Are you going to press back —
    Q    Thank you, Mr. President.  What do you need to see from President Zelenskyy to restart these negotiations?
    THE PRESIDENT:  Well, I just think he should be more appreciative, because this country has stuck with them through thick and thin.  We’ve given them much more than Europe, and Europe should have given more than us, because, as you know, that’s right there.  That’s the border. 
    This country really was like the fence on the border.  It was very important to Europe.  And I’m not knocking Europe, I’m saying they’re just — they were a lot smarter than Joe Biden, because Joe Biden didn’t have a clue.  He just gave money hand over a fist, and they should have been able to equalize with us. 
    In other words, if we gave a dollar, they should have given.  Well, we gave $350 billion.  They probably gave 100, but on top of it all, they get their money back, because they are doing it in the form of a loan, and it’s a secured loan.  
    So, when I saw that, which I’ve known about for a little while, I said, “It’s time for us to be smart.”  At the same time, it’s great for them, because they get us in the country taking the rare earth, which is going to fuel this big engine, and especially the engine that we’ve, in a very short time, created.  And we get something, and we’re in the — we’re there.  We have a presence there. 
    With all of that being said, I want one thing to happen: I want all of those young people to stop being killed.  They’re being killed by the thousands every single week.  Last week, 2,700 were killed.  Twenty-seven hundred young — in this case, just about, all young boys from Ukraine and from Russia.  And that’s not young people from the United States, but it’s on a human basis. 
    I want to see it stop.  The money is one thing, but the death.  And they’re losing thousands of soldiers a week, and that’s not including the people that get killed every time a town goes down or a missile goes into a town.
    (Cross-talk.)
    We — and — and I want to see it stop. 
    Yes.  
    Q    Mr. President, are you considering canceling military aid to Ukraine?  And can we get a reaction to what the Kremlin just said, that your administration is bringing U.S. worldview in alignment with Moscow’s?  
    THE PRESIDENT:  So, this is a deal that should have never happened.  This is a deal that would have never happened, and it didn’t happen — for four years, it didn’t happen.  It was never even close to happening.  If I were president, would not have happened.  And October 7th would have — would not have happened in Israel.  And inflation wouldn’t have happened. 
    And Afghanistan, disastrous — the way they withdrew — not the fact that they withdrew but the way they withdrew — would have never happened.  And we would have had Bagram right now instead of China having it.  It was one hour away from where China makes their nuclear weapons.  We would have kept Bagram — one of the biggest air bases in the world. 
    All of these things happened, and it’s a shame.  But it is what it is, and now we’re here.  I want to see it end fast.  I don’t want to see this go on for years and years.
    Now, President Zelenskyy supposedly made a statement today in AP — I’m not a big fan of AP, so maybe it was an incorrect statement — but he said he thinks the war is going to go on for a long time, and he better not be right about that.  That’s all I’ll say.
    Q    Mr. President, is there any —
         Q    Could this project — could this minimize the impact of the U.S. with chips should China decide to isolate Taiwan or China decide to take Taiwan? 
    THE PRESIDENT:  Well, it’s a very interesting point.  It’s a great question, actually.  But this would certainly — I can’t say “minimize.”  That would be a catastrophic event, obviously.  But it will at least give us a position where we have — in this very, very important business, we would have a very big part of it in the United States.  So, it would have a big impact if something should happen with Taiwan.
    Q    And with Russia sanctions, are you looking at relieving Russian sanctions if there is a peace deal?
    THE PRESIDENT:  Well, we’re going to make deals with everybody to get this war, including Europe and European nations.  And they’ve acted very well.  You know, they’re good people.  I know; most of them are friends of mine — the heads of state, the heads of the various countries, prime ministers from the different — I got four prime ministers and five presidents called me over the last two days, and they want to work it out.  They want to get it worked out.  
    And I think they’re also — you know, they’re talking money, but the money is less important than the deaths.  We’re talking thousands of young people a week.  And people would say why do I care about Ukraine, young people; why do I care about — and not all young, but they’re pretty young.  You know, Ukraine is running a little bit low, and they’re getting older.  They’re recruiting older people.  It’s a very, very sad thing that’s happening over there, and we want to get it finished.  We want to stop the death. 
    (Cross-talk.)
    Q    Mr. President, on the tariffs.  Is there any room left for Canada and Mexico to make a deal before midnight?  And should we expect those Chinese tariffs, the extra 10 percent to take effect tomorrow?
    THE PRESIDENT:  No room left for Mexico or for Canada.  No, the tariffs, you know, they’re all set.  They go into effect tomorrow.
    Q    Mr. President, just a follow-up on my colleague’s question.  Hearing —
    THE PRESIDENT:  And just so you understand, vast amounts of fentanyl have poured into our country from Mexico and, as you know, also from China, where it goes to Mexico and goes to Canada.  And China also had an additional 10, so it’s 10 plus 10.  
    And it comes in from Canada, and it comes in from Mexico, and that’s a very important thing to say.
    Yeah, please.  Go ahead.
    Q    Have you decided if you’re going to suspend military aid to Ukraine?  Have you made that decision?
    THE PRESIDENT:  Well, I haven’t even talked about that right now.  I mean, right now, we’ll see what happens.  A lot of things are happening right now, as we speak — I mean, literally as we speak.  I could give you an answer and go back to my office — the beautiful Oval Office.  I could go back into the Oval Office and find out that the answer is obsolete.
         It’s like his business.  It’s obsolete.  You come up with a new chip, and it’s obsolete about two minutes later, right?  But that’s what’s good about his business.  That’s why he’s the only one that’s successful in it.  But — 
         Q    And on tariffs, sir.
         Q    Mr. President, just to follow up my colleague’s question from Russia is saying that your foreign policy is largely in line with their vision.  Should that be concerning to Americans? 
    THE PRESIDENT:  Said what?
    Q    Should that be concerning to Americans?
    THE PRESIDENT:  Read the statement.
    Q    That Russia — Russia says that your administration’s foreign policy is, quote, “largely in line” with their vision.
    THE PRESIDENT:  Well, I tell you what, I think it takes two to tango, and you’re going to have to make a deal with Russia, and you’re going to have to make a deal with Ukraine.  You’re going to have to have the ascent, and you’re going to have to have the consent from the European nations, because I think that’s important, and from us. 
    I think everybody has to get into a room, so to speak, and we have to make a deal.  And the deal could be made very fast.  It should not be that hard a deal to make.  It could be made very fast. 
    Now, maybe somebody doesn’t want to make a deal, and if somebody doesn’t want to make a deal, I think that person won’t be around very long.  That person will not be listened to very long.  Because I believe that Russia wants to make a deal.  I believe, certainly, the people of Ukraine want to make a deal.  They’ve suffered more than anybody else.  We talk about suffering — they’ve suffered.
    But if you think about it, under President Bush, they got Georgia, right?  Russia got Georgia.  Under President Obama, they got a nice, big submarine base, a nice big chunk of land where they have their submarines.  You know that, right?  Crimea.  Under President Trump, they got nothing.  And under President O-Biden, they tried to get the whole thing.  They tried to get the whole big Ukraine, the whole thing.  If I didn’t get in here, they would’ve gotten the whole thing.  
    So, I can only say — you can go back to Bush, you go back to Obama, and go back to Biden — they took a lot.  The only one they didn’t get — you know what I gave them?  I gave them anti-tank missiles.  That’s what I gave them.  I gave them sanctions on Russia — on Russia.  I gave them Javelins.  You know the Javelins?  You know when they took out all those tanks?
    You know, the tanks were heading to Kyiv by the hundreds, and they were unstoppable, and I gave them Javelins. 
    So, you know, I really — Putin is the one that will tell you this has not been so good for them.  The fact is that I just want fairness.  I want fairness. 
    But think of it.  I gave Russia nothing except grief.  I gave them nothing.  I gave them sanctions and Javelins.  That’s what I gave them. 
    Obama gave them sheets.  And you heard that statement before.  It’s a very famous — Trump gave them Javelins, and Obama gave them sheets.  And then they say how close I am to Russia. 
    Let me tell you, we have to make a deal, because there are a lot of people being killed that shouldn’t be killed.  But remember, Trump gave them nothing, and the other presidents gave them a lot.  They gave them everything.
    Q    Mr. President, on trade.  You met with president — Argentine President Javier Milei at CPAC.  He wants to sign a free trade agreement —
    THE PRESIDENT:  Right. 
    Q    — with the United States.  Is that something that you would consider, even with Argentina, or any other country?
    THE PRESIDENT:  I’ll consider anything.  And Argentina — I think he’s great, by the way.  I think he’s a great leader.  He’s doing a great job.  He’s doing a fantastic job.  Brought it back from oblivion. 
    Yeah, we’ll look at things.  We’re looking at the UK with things.  It doesn’t have to be tariffs.  But tariffs are easy, they’re fast, they’re efficient, and they bring fairness. 
    For instance, when people kill their dollar, their equivalent of the dollar, whatever — whether it’s the yuan or the yen in Japan or the yuan in China — when they drop them down, that gives us — that puts us at a very unfair disadvantage.  So, all I have to do is say, “Howard, we’re going to have to raise the tariffs a little bit.”
    Because I’ve called President Xi, I’ve called the leaders of Japan to say, “You can’t continue to reduce and break down your currency.  You can’t do it, because it’s unfair to us.”  It’s very hard for us to make tractors — Caterpillar — here, when Japan, China, and other places are killing their currency, meaning driving it down. 
    So, all of these things add up, and the way you solve it very easily is with tariffs.  Because when they do that, instead of having to make phone calls every day, like I used to do with certain leaders — President Xi, a little bit — a lot of phone calls talking about the fact that they’re lowering their yuan.  They’re lowering it down.  And that makes it very, very hard for us. 
    So, this way, I just say, “Look, let them do that, and we make up for it with the tariffs.”  But —
    Q    Will you be speaking with Mexican President Claudia Sheinbaum about tariffs today? 
    THE PRESIDENT:  Yeah, sure, I will.  I have a lot of respect for her.  I have a lot of respect for her. 
    (Cross-talk.) 
    Q    After the 10 percent tariff take ef- —
    THE PRESIDENT:  Yeah. 
    Q    — takes effect, it’ll be 20 percent on China now.  How high are you willing to go against China?
    THE PRESIDENT:  Well, I can’t say.  It depends on what they do with their currency.  It depends on what they do in terms of a retaliation with some kind of an economic retaliation, which I don’t think they’re going to retaliate too much.  
    Hey, look, the United States has been taken advantage of for 40 years.  The United States has been a laughing stock for years and years.  That’s why this gentleman has built in Taiwan, instead of building here.  It would have been better if he built here.  
    If we had a president that knew what they were doing — and we had a lot of them very bad on trade.  Look, I’m a huge fan of Ronald Reagan, but he was bad on trade.  Very bad on trade.  He allowed a lot of people, a lot of businesses, to be taken.  So, I say that with due respect, because I — he was so great on other things, but he was bad on trade. 
    We are setting records right now — records like nobody has ever seen before.  When you have companies like this coming in and almost 40 percent of their company, in one signature, is going to be devoted to what he does, which is one of the most important — important businesses in the world, that’s an unbelievable thing.  When Apple now is going to start building all of their plants here, all because of what we’ve done in terms of — it’s not because he likes me or they like me.  They don’t probably like me at all.  I don’t know.  I think he likes me a little bit, at least.  (Laughter.)
    MR. WEI:  No, I like you.
    THE PRESIDENT:  But you know what?  It’s the incentive we’ve created or the negative incentive.  I mean, it’s going to be very costly for people to take advantage of this country.  They can’t come in and steal our money and steal our jobs and take our factories and take our businesses and expect not to be punished, and they’re being punished by tariffs. 
    It’s a very powerful weapon that politicians haven’t used because they were either dishonest, stupid, or paid off in some other form.  And now we’re using them.
    Q    Have you spoken with President Xi?
    Q    Agriculture — 
    THE PRESIDENT:  Say it. 
    Q    Have you spoken with President Xi about this this term?
    THE PRESIDENT:  I don’t want to tell you that. 
    Q    On those incentives, sir.
    THE PRESIDENT:  Thank you very much, everybody. 
    (Cross-talk.) 
    Thank you.  Thank you very much.
                                 END                3:07 P.M. EST

    MIL OSI USA News

  • MIL-OSI Security: National coordination and partnership disrupting retail crime

    Source: United Kingdom National Police Chiefs Council

    Over 100 arrests made as a result of national investigations through Opal

    The fight against retail crime continues building momentum thanks to strong partnerships between policing and retailers and recent Government announcements to strengthen legislation.

    The national team collating and coordinating intelligence from police forces and retailers across the country has now effected over 100 arrests (108) of individuals involved in organised retail crime, collectively responsible for over £5.2m in losses to businesses.

    The team within Opal (policing’s national intelligence unit for serious organised acquisitive crime) has been operational since 1 May 2024 and is funded by the Pegasus Partnership, a joint initiative between the Home Office, policing and retailers and facilitated by PCC Katy Bourne. It coordinates the sharing of intelligence to gain a clearer picture of those who are behind the increase in retail crime.

    Opal’s team receives referrals from police forces and retailers and builds intelligence packages, mapping out offending across the country and providing investigative support to bring the highest harm offenders to justice. A package will then be collated and shared with the most appropriate police force to progress the investigation and take action against offenders.

    In addition, new legislation announced in the Crime and Policing Bill makes assault of a retail worker a standalone offence and alongside a change to ensure all offences of shop theft are tried as ‘general theft’, removing the perceived immunity granted to shop theft of goods to the value of £200 or less.

    Chief Constable Amanda Blakeman is National Police Chiefs’ Council lead for acquisitive crime. She said:

    “We’re fast approaching a year since the organised retail crime team within Opal began accepting referrals and it’s positive to see so many results, with real impact being made. Behind each offender is not just a list of offences, but damage to businesses and all too often trauma experienced by retail workers who suffer abuse at the hands of these criminals.

    “We want retailers, workers and the public to feel safe in our shops and to know that policing is doing everything we can to tackling the problem. Working in partnership with retailers, Opal can build a detailed picture of offending across borders so there is quite literally nowhere for these individuals and groups to hide.

    “The recent announcements of a standalone offence for assault of a retail worker and the legislation change to ensure any shop theft offence is dealt with robustly, whatever the value, further strengthens our policing response and shows the seriousness of this criminality.

    “In addition this dedicated work at a central level, we are seeing much progress in police forces developing their response to retail crime, working closely with their partners to improve the safety of our communities. From prevention to dealing with offenders, we must keep working collaboratively to drive this offending out of our high streets.”

    Sussex Police & Crime Commissioner and APCC joint lead for Business and Retail Crime, Katy Bourne, said:

    “I’m thrilled that our Pegasus Partnership is working so well. The results so far from Opal’s Organised Retail Crime Team are impressive and demonstrate the value of the unique partnership between our major retailers and police to identify organised retailed crime gangs and prolific offenders.

    “Momentum has been gathering  since the start of Opal’s operations, leading to over 100 arrests across 31 different organized crime groups and £5.2 million of losses linked to offenders. I’m delighted that our Pegasus Partnership has been proven successful and the investment from retailers has clearly paid off as the Government has now allocated funding to Opal.

    “Information and intelligence-sharing will remain vital if we want to target offenders and make our high streets and shops safer places for everyone. My congratulations and thanks to the Opal team and our local forces for these excellent results.”

    Results from the Opal Organised Retail Crime team since 1 May include:

    • 108 arrests from 31 different organised crime groups
    • Responsible/linked to £5.2m of loss
    • 268 offenders have been identified – ie. Opal was able to link offender/s to an incident where a suspect had previously not been known. Whether through the facial recognition database on the Police National Database or other routes.
    • 93 vehicles have been identified linked to shop theft offending
    • 112 pieces of intelligence either developed by Opal around ORC or intelligence received from retailers – then submitted into policing
    • 194 collaborations and coordinations – where Opal has brought together police forces and/or retailers in a joint approach to disrupt an organised crime group.
    • 32 court outcomes related to shop theft offenders
    • A total of 24 years in prison sentences for those who have already been through the courts (more to follow)
    • 8 offenders deported

    MIL Security OSI

  • MIL-OSI Australia: ACCC releases guidance on merger reform transition

    Source: Australian Competition and Consumer Commission

    The ACCC has released guidance on transitional arrangements to assist businesses and their advisers considering a merger in 2025, ahead of Australia’s new merger regime coming into effect.

    Under the new regime, all acquisitions that meet a prescribed threshold must be notified to the ACCC from 1 January 2026.

    “The new rules and processes for mergers and acquisitions will be a major change for businesses and the ACCC. Supporting businesses and other stakeholders by providing clarity on key dates and processes is crucial to a successful transition,” ACCC Chair Gina Cass-Gottlieb said.

    The new law contains provisions to assist businesses to transition to the new regime which include the option for businesses to start using the new regime on a voluntary basis from 1 July 2025.

    The guidance indicates how the ACCC intends to assist businesses navigate this period, taking into account questions we have received about the transition.

    In particular, the ACCC has sought to clarify how businesses can engage with the ACCC on their mergers throughout 2025 , and what might happen in a range of potential scenarios. These include whether informal clearances received during 2025 will mean those acquisitions are exempt from the obligation to notify from 1 January.

    “A key message is that if businesses are considering seeking an informal merger review after 1 July 2025, it is important they engage with us as soon as possible,” Ms Cass-Gottlieb said.

    “This will help manage the risk that there won’t be enough time for the ACCC to complete its assessment before the new mandatory merger review process comes into effect.”

    The ACCC will continue to work with businesses to navigate the transition to the new regime and the guidance may be progressively updated to ensure it addresses new questions that emerge.

    “We are committed to ensure the transition to the new mandatory regime is transparent and smooth,” Ms Cass-Gottlieb said.

    Businesses, advisers, consumers and other interested members of the community can now subscribe for updates on merger reform on the ACCC website: Subscribe to merger reform updates

    Background

    Currently Australia’s merger regime does not require merger parties to notify the ACCC of proposed acquisitions or to wait for ACCC clearance before proceeding with the acquisition.

    On 28 November 2024, the Australian Parliament passed the Treasury Laws Amendment (Mergers and Acquisitions Reform) Bill 2024. The ACCC welcomed the new legislation.

    Under the new regime, all transactions above a prescribed threshold must be notified to the ACCC.

    The ACCC first released proposed merger reforms at the Law Council conference in 2021. ACCC Chair Gina Cass-Gottlieb commenced her term in 2022. She has continued to advocate for merger reform including at the National Press Club in April 2023.

    The ACCC has consistently outlined why the changes are necessary to achieve effective merger control in Australia and ensure there is strong competition across the economy, driving dynamism, productivity and restraint on prices for the benefit of consumers and efficient businesses.

    The ACCC’s submissions to the Treasury Competition Review, which includes detailed analysis and argues the case for reform can be found here: https://www.accc.gov.au/inquiries-and-consultations/accc-submissions-to-external-consultations#toc-mergers-

    The ACCC issued a Statement of Goals in October 2024 to outline its approach to implementing the new regime and to reduce uncertainty during the transition.

    The ACCC encourages businesses considering a merger during the transition to contact us at mergers@accc.gov.au

    MIL OSI News

  • MIL-OSI USA: Rosen Urges Trump Administration to Take Action to Prevent Higher Housing Prices As A Result of Tariffs on Canada and Mexico

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)
    WASHINGTON, DC – Today, U.S. Senator Jacky Rosen (D-NV) sent a letter urging the Trump Administration to reverse course on imposing tariffs on Canada and Mexico to prevent housing prices from rising even further. In her letter to Secretary of Commerce Howard Lutnick, she outlines how President Trump’s tariffs will increase housing costs by driving up the cost of construction materials needed to increase the housing supply and address Nevada’s affordable housing crisis. In the letter, sent before this evening’s expiration of the President’s thirty-day pause on new tariffs, Senator Rosen specifically highlights the role Canadian lumber plays in helping meet the demand to build affordable homes.
    “In Nevada and throughout the nation, exorbitant housing prices are putting a strain on already-tight household budgets. At a time when high interest rates and low inventory are driving up housing costs, the need to build affordable homes is growing more acute by the day,” wrote Senator Rosen. “However, it is simply too expensive to build affordable housing in the current high-cost environment. Labor shortages, supply chain disruptions, and fluctuating material costs all drive up construction costs, making it harder to develop housing that is affordable for low- and middle-income families.”
    “Compounding our nation’s housing affordability crisis through the imposition of reckless tariffs would be devastating and must be reconsidered,” she continued. “To that end, I respectfully ask that you work with the President to exempt critical construction materials, including lumber, from any tariffs imposed on Canada and Mexico. Doing so will not harm our national security, but will instead invest in the economic security of Americans across the country who are struggling to afford a home in an era of rising costs.”
    The full text of the letter can be found HERE.
    Senator Rosen is working to lower housing costs and prevent housing prices from increasing further. Earlier this year, she introduced bipartisan legislation to invest in the construction workforce to help lower housing costs. Last year, she urged HUD to increase the Southern Nevada Regional Housing Authority’s (SNRHA) Housing Choice Vouchers allocation by 10,000 vouchers over five years. Senator Rosen also called on Senate leadership to address rising housing prices and lower costs for Nevada families through a series of Congressional actions she outlined.

    MIL OSI USA News

  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the Cambodia-ASEAN Business Summit 2025 hosted by Cambodia Chamber of Commerce

    Source: ASEAN

    At the invitation of Neak Oknha Kith Meng, President of Cambodia Chamber of Commerce and the Chair of ASEAN Business Advisory Council Cambodia, Secretary-General of ASEAN, Dr. Kao Kim Hourn, will lead the ASEAN Secretariat team to participate in the Cambodia-ASEAN Business Summit 2025, in Phnom Penh, Cambodia, on 6 March 2025. Held under the theme “Accelerating ASEAN’s Connectivity: People, Infrastructure and Trade,” the Business Summit is expected to provide an invaluable platform for fostering economic cooperation, increasing connectivity and promoting sustainable development within ASEAN. Throughout his stay in Phnom Penh on 6-7 March 2025, and in addition to his participation in the Cambodia-ASEAN Business Summit 2025,SG Dr. Kao will also engage in a series of other significant activities, including holding a bilateral meeting with the President of Cambodia Chamber of Commerce and the Chair of ASEAN Business Advisory Council  Cambodia, visiting the Resource Centre of the Extraordinary Chambers in the Courts of Cambodia (ECCC), as well as conducting a Roundtable Discussion with the Club of Cambodian Journalists,  with the theme “ASEAN Community Vision 2045: View of the Secretary-General of ASEAN.” 

    This visit underscores the ASEAN Secretariat’s continued support and commitment to strengthening stronger collaboration among ASEAN Member States in reinforcing its dedication to advancing regional cooperation, development and prosperity.
    The post Secretary-General of ASEAN to participate in the Cambodia-ASEAN Business Summit 2025 hosted by Cambodia Chamber of Commerce appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: China Unicom Launches AI Unites All Plan to Bridge Digital Divide Via Industry Intelligence Supported by Huawei

    Source: Huawei

    Headline: China Unicom Launches AI Unites All Plan to Bridge Digital Divide Via Industry Intelligence Supported by Huawei

    [Barcelona, Spain, March 3, 2025] During MWC 2025 in Barcelona, China Unicom held a development workshop with the theme of 5G-A Empowering, AI Transforming, Digital Living. Jian Qin, General Manager (GM) of China Unicom and Yang Chaobin, Huawei Board Member and CEO of the ICT Business Group attended the press conference and delivered speeches. Several representatives from the industry, including GSMA, shared their ideas. The AI Unites All plan and its surrounding achievements were officially released at the conference, angled heavily on the integration of networks, services, and AI.
    Jian Qin delivering a speech

    According to Jian Qin in his speech, “China Unicom remains committed to technological innovation as our guiding principle, actively embracing the Al revolution, and contributing ‘Unicom Intelligence’ and ‘Unicom Solutions’ to global smart transformation. With forward-looking planning and sustained investment in Al, we prioritize integrated innovation across five pillars: computing infrastructure, network connectivity, data resources, model development, and application scenarios. Our goal is to lead and drive the convergence of Al technologies and industrial applications.”
    Yang Chaobin making a speech

    Yang Chaobin mentioned in his speech that Huawei looks forward to working with China Unicom to support their AI Unites All strategy. “We will do this by facilitating a wide range of intelligent user applications with the latest AI technologies. This will allow China Unicom to create new AI service portals with a global impact and make intelligence more inclusive for all,” he said.
    As a strategic partner of China Unicom, Huawei and China Unicom maintain close cooperation and work together on converged AI innovation to seize new business opportunities in the AI era. Both parties have built a cloud-based AI service platform for individual and home users, combining cloud, computing, networks, and devices for a unified AI service portal. For example, during the Asian Winter Games, China Unicom launched personalized and cloud-based AI phones with the AI assistant named Tone. The product uses mainstream foundation models and 5G-A networks to provide users with a consistent experience in all scenarios and secure and reliable AI services. Huawei and China Unicom have also been using AI to empower sectors like government, healthcare, and manufacturing, as well as cultural and creative industries, making network experience more secure, reliable, flexible, scalable, efficient, and collaborative. China Unicom has also been actively engaged in advancing synergy between AI and networks. For smart home services, China Unicom has been a leading player in whole-house fiber broadband. The carrier launched the industry’s first HI-CON (Home Intelligent Collaborative Optical Network) communications system that features optical and Wi-Fi collaboration. This system is powered by an intelligent scheduling algorithm that greatly improves overall network experience for home users.
    Group photo taken at the AI Unites All launch ceremony

    At the conference, China Unicom launched its AI Unites All plan. Under the guidance of its Strategy for Convergence and Innovation, China Unicom will comprehensively advance the synergy of networks and AI to bring intelligent connection to all. It also looks to make AI accessible for use in a much wider range of technologies. By facilitating the integration of services and AI, China Unicom aims to enable various industries to go intelligent and benefit thousands of households.
    MWC Barcelona 2025 is held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.
    In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world. For more information, please visit: http://carrier-back.huawei.com/en/events/mwc2025

    MIL OSI Economics

  • MIL-OSI New Zealand: Economy – Strengthening Trust and Confidence in New Zealand’s Insurance Industry – RBNZ

    Source: Reserve Bank of New Zealand

    4 March 2025 – Deputy Governor Christian Hawkesby has reinforced the Reserve Bank of New Zealand’s commitment to ensuring a resilient, efficient, innovative and transparent insurance sector, speaking at the Insurance Council of New Zealand’s conference today.

    “The insurance industry is not just a key pillar of our financial system; it is fundamental to our society by enabling risk to be spread, transferred and shared. Its success relies on trust and confidence that comes with transparency, ensuring that consumers have the right coverage and that insurers can meet their obligations when needed,” Mr Hawkesby said.

    New Zealand’s insurance landscape presents distinct challenges, with its complex composition of participants – retail and wholesale players, foreign parents, global reinsurers, government providers – and New Zealand’s unique risks – seismic activity, volcanic threats, and the increasing impact of climate change.

    Meeting these challenges also requires a stable and sound financial system, underpinned by a modern and fit for purpose regulatory regime. The review of the Insurance Prudential Supervision Act (IPSA) is aimed at bringing about this modernisation.

    It also requires all participants to take a system view and the necessity for a collaborative approach and leadership from across the industry. The CoFR[1] insurance forum is an opportunity to support this leadership and for regulators to share and collaborate with the industry.

    The Reserve Bank remains dedicated to enhancing engagement with the industry, modernising its regulatory framework and approach, and embedding deeper insurance expertise within its leadership.

    “We recognise that there is more work to do. However, our commitment to working collaboratively with industry leaders ensures that the insurance sector continues to play a vital role in a productive and sustainable economy,” Mr Hawkesby said.

    More information

    read the release : https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=f31a61e71d&e=f3c68946f8

    ________________________________
    [1] The Council of Financial Regulators (CoFR), includes the Financial Markets Authority, Treasury, Commerce Commission, and Ministry of Business, Innovation and Employment,

    MIL OSI New Zealand News

  • MIL-OSI USA: Ahead of Confirmation Hearing, Warren Presses FDA, NIH Nominees to Address Conflicts of Interest with Private Health Care, Medical Research Companies

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    March 03, 2025
    “The rampant revolving door of former government leaders lobbying the agencies they once led, while their government relationships remain fresh, erodes Americans’ faith in the federal government.” 
    Text of Letter to Dr. Makary (PDF) | Text of Letter to Dr. Bhattacharya (PDF) 
    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) wrote to Marty Makary and Jay Bhattacharya, nominees to lead the Food and Drug Administration (FDA) and the National Institutes of Health (NIH), respectively, asking them to address their conflicts of interest ahead of their confirmation hearings. 
    Dr. Makary currently serves as Chief Medical Officer at Sesame Care, a direct-to-consumer health care company that connects patients with providers who virtually prescribe Sesame’s medicine. He also serves on the board of Harrow, an ophthalmic company that relies on the FDA to approve its therapeutics. While Dr. Makary said he would resign from the board before taking office, his relationship with the company raises concerns about his ability to be impartial at the FDA. 
    Dr. Bhattacharya most recently worked as a research associate at Acumen, LLC, which offers analytical research services to the federal government, and has contracts with multiple agencies across the Department of Health and Human Services – including NIH.
    Senator Warren asked both nominees to recuse themselves from all matters involving their former clients and employers for at least four years, a commitment their predecessors under the Biden administration made. 
    Senator Warren also asked them to agree to not work for any companies they regulate or interact with during their tenure, for four years after leaving office. During his confirmation process, Health and Human Services Secretary Robert F. Kennedy Jr., who oversees both of the nominees’ agencies, committed not to work for a pharmaceutical company for at least four years after leaving office. 
    Lastly, Senator Warren asked the nominees to refrain from lobbying their respective agencies for four years after leaving office.
    “The rampant revolving door of former government leaders lobbying the agencies they once led, while their government relationships remain fresh, erodes Americans’ faith in the federal government,” wrote Senator Warren to the nominees.  
    To mitigate concerns about former government leaders lobbying the agencies they once led, multiple Biden appointees agreed to a post-employment lobbying ban, following pressure from Senator Warren. 
    “By making these commitments, you would increase Americans’ trust in your ability to serve the public interest, rather than the special interests of [former contractors or companies they regulated],” concluded Senator Warren. 
    Senator Warren gave the nominees until March 10, 2025 to demonstrate their commitment to public health and address their conflicts of interest. 
    Senator Warren has been a leader on enforcing government ethics standards and pressing nominees to address conflicts of interest: 
    In February 2025, Senator Elizabeth Warren wrote to Mr. Stephen Feinberg, nominee for Deputy Secretary of the Department of Defense (DoD), pressing him to explain his “serious conflicts of interest” and his track record of mismanagement.
    In February 2025, following reports that Elon Musk would take advantage of loopholes in federal ethics laws to avoid publicly disclosing his financial conflicts of interest, Senator Elizabeth Warren led several Democrats in a letter demanding Musk publicly reveal how he could stand to profit from his role in the Trump administration.
    In February 2025, Senator Elizabeth Warren and Tim Kaine (D-Va.) called on Mr. Robert F. Kennedy Jr. to recuse himself from former clients’ and employers’ particular matters and commit to not lobbying HHS after his tenure as Secretary.
    In February 2025, following the Senate Finance Committee vote to advance the nomination of Mr. Robert F. Kennedy Jr. for Secretary of Health and Human Services, Senator Elizabeth Warren gave remarks regarding the nominee’s continued conflicts of interest. 
    In February 2025, Senators Warren and Ron Wyden (D-Ore.), Ranking Member on the Senate Finance Committee, wrote to Mr. Robert F. Kennedy Jr., pressing him to urgently resolve his serious conflicts of interest before the committee vote Wednesday morning.
    In January 2025, following pressure from Senate Democrats, Mr. Robert F. Kennedy Jr. agreed to amend his flawed ethics agreement (see Warren QFRs at the end of Part 2 and start of Part 3).
    In January 2025, at a hearing of the Senate Finance Committee, Senator Elizabeth Warren questioned Mr. Robert F. Kennedy Jr., nominee for Secretary of Health and Human Services, about his dangerous conflicts of interest and record of profiting from anti-vaccine conspiracies.
    In January 2025, ahead of Mr. Robert F. Kennedy Jr.’s confirmation hearing for Secretary of Health and Human Services, Senator Elizabeth Warren sent a 34-page letter detailing her concerns with his nomination and asked him to answer 175 questions ahead of his hearing before the Finance Committee.
    In January 2025, Senator Elizabeth Warren wrote to Mr. Pete Hegseth, then-nominee for Secretary of the Department of Defense, regarding his ethics conflicts ahead of the Senate’s consideration of his nomination. Particularly concerning were the facts that Mr. Hegseth’s household owns stock in several defense contractors and that he was unwilling to commit to the same post-employment restrictions he previously advocated for.
    In January 2025, Senator Elizabeth Warren wrote to Trump Transition Co-Chairs Howard Lutnick and Linda McMahon, urging them to make the White House’s ethics pledge for incoming appointees as strong as possible and outlining specific provisions to do so. The letter came at the end of the first week of confirmation hearings for President-elect Trump’s cabinet nominees, many of whom have been found to have serious conflicts of interest and massive wealth.
    In December 2024, Senator Elizabeth Warren sent a letter to President-elect Trump with concerns about Elon Musk’s conflicts of interest as he served as a top advisor for the incoming president.
    In December 2024, Senators Elizabeth Warren, Ron Wyden (D-Ore.), Dick Durbin (D-Ill.), Jeff Merkley (D-Ore.), and Representative Lloyd Doggett (D-Texas) wrote to Dr. Mehmet Oz, President-elect Donald Trump’s pick to lead the Centers for Medicare & Medicaid Services, raising stark concerns about his advocacy to eliminate traditional Medicare and his deep financial ties to the private health insurers that would benefit from that move.
    In November 2024, in response to the news that President-elect Donald Trump selected Robert F. Kennedy Jr. to serve as Secretary of Health and Human Services, Senator Elizabeth Warren released a statement calling him a “danger to public health, scientific research, medicine, and health care coverage for millions of Americans.”
    In March 2024, Senator Elizabeth Warren secured ethics commitments from Douglas Schmidt, ahead of his confirmation to be the Director of Operational Test and Evaluation (DOT&E) for the Department of Defense.
    In February 2024, Senator Elizabeth Warren secured unprecedented ethics commitments from former Congressman Sean Patrick Maloney, President Biden’s nominee for U.S. Ambassador to the Organisation for Economic Co-operation and Development (OECD), including his recusal from participating in the OECD’s decision making processes regarding crypto and digital assets policy. 
    In January 2024, Senator Elizabeth Warren and Representative Jayapal sent a letter to Secretary of Commerce Gina Raimondo, expressing concerns about the Department of Commerce’s reliance on a small team of Wall Street financiers to help allocate $39 billion in CHIPS and Science Act taxpayer-funded manufacturing and R&D subsidies.
    In June 2023, Senator Elizabeth Warren and representative Andy Kim reintroduced her Department of Defense Ethics and Anti-Corruption Act.
    In April 2023, Senator Elizabeth Warren chaired a hearing with Pentagon officials and ethics experts about problems with the revolving door, retired military officers working for foreign governments, and issues with executive branch officials owning stocks in companies impacted by their official actions.
    In May 2022, Senator Elizabeth Warren secured a commitment from then-Federal Reserve Vice Chair for Supervision nominee Michael Barr not to seek employment or compensation – including as a result of board service – from any company that has a party matter before the Fed, or any financial services company, for four years after he leaves government service.
    In February 2022, Senator Elizabeth Warren secured the strongest ethics standards ever agreed to by Federal Reserve Board nominees from Lisa Cook, Phillip Jefferson, and Sarah Bloom Raskin. The nominees agreed to a four-year recusal period from matters which they oversee on the Board of Governors, not to seek a waiver from these recusals, and not to seek employment or compensation from financial services companies for four years after leaving government service.
    In January 2022, Senator Elizabeth Warren secured a commitment from then-FDA Commissioner nominee Dr. Robert Califf to recuse himself from matters involving his former employers and clients for four years, two years longer than what was required in the Biden administration’s Ethics Pledge. He also agreed not to seek employment with or compensation, including as a result of board service, from any pharmaceutical or medical device company that he interacts with during his tenure as FDA Commissioner for four years after completing his government service. 
    In July 2021, Senator Elizabeth Warren secured agreements to four-year recusals from former clients’ and employers’ party matters from then-Secretary of the Air Force Frank Kendall and then-USD(R&E) Heidi Shyu.
    In January 2021, Senator Elizabeth Warren secured a commitment from General Lloyd Austin III, then-nominee for Secretary of Defense, to extend his recusal from Raytheon Technologies for four years and to not seek a position on the board of a defense contractor or become a lobbyist after his government service.
    In December 2020, Senator Elizabeth Warren and Representative Jayapal introduced the Anti-Corruption and Public Integrity Act, the most ambitious anti-corruption legislation since Watergate, which would outlaw corrupt revolving-door schemes so that public servants are serving the public – not the financial interests of themselves or giant corporations.
    In March 2020, President Trump signed the bipartisan Presidential Transition Enhancement Act into law, which included major provisions of Sen. Warren’s (D-Mass.) Transition Team Ethics Improvement Act.
    In September 2019, the Senate passed a key provision of the Transition Team Ethics Improvement Act introduced by Senators Warren and Tom Carper (D-Del.) to enhance the ethics requirements that govern presidential transitions.
    In November 2016, as President Trump prepared to take office, Senator Elizabeth Warren and Chairman Cummings requested a GAO investigation of the chaotic Trump transition. In September 2017, Government Accountability Office (GAO) released the results of the investigation, finding that the Trump transition team ignored advice from the Office of Government Ethics and failed to follow past precedents regarding ethics and presidential transitions.

    MIL OSI USA News

  • MIL-OSI: Brookfield Announces Reset Dividend Rate on Its Series 38 Preference Shares

    Source: GlobeNewswire (MIL-OSI)

    All amounts in Canadian dollars unless otherwise stated.

    BROOKFIELD, NEWS, March 03, 2025 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 38 (the “Series 38 Shares”) (TSX: BN.PF.E) for the five years commencing April 1, 2025 and ending March 31, 2030.

    If declared, the fixed quarterly dividends on the Series 38 Shares during the five years commencing April 1, 2025 will be paid at an annual rate of 5.185% ($0.3240625 per share per quarter).

    Holders of Series 38 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on March 17, 2025, to convert all or part of their Series 38 Shares, on a one-for-one basis, into Cumulative Class A Preference Shares, Series 39 (the “Series 39 Shares”), effective March 31, 2025. The quarterly floating rate dividends on the Series 39 Shares will be paid at an annual rate, calculated for each quarter, of 2.55% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the April 1, 2025 to June 30, 2025 dividend period for the Series 39 Shares will be 1.34331% (5.388% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.3358275 per share, payable on June 30, 2025.

    Holders of Series 38 Shares are not required to elect to convert all or any part of their Series 38 Shares into Series 39 Shares.

    As provided in the share conditions of the Series 38 Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series 38 Shares outstanding after March 31, 2025, all remaining Series 38 Shares will be automatically converted into Series 39 Shares on a one-for-one basis effective March 31, 2025; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series 39 Shares outstanding after March 31, 2025, no Series 38 Shares will be permitted to be converted into Series 39 Shares. There are currently 7,906,132 Series 38 Shares outstanding.

    The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Series 39 Shares effective upon conversion. Listing of the Series 39 Shares is subject to Brookfield fulfilling all the listing requirements of the TSX.

    About Brookfield Corporation

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

    We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

    For more information, please visit our website at www.bn.brookfield.com or contact:

    Media: Investor Relations:
    Kerrie McHugh Katie Battaglia
    Tel: (212) 618-3469 Tel: (212) 776-2252
    Email: kerrie.mchugh@brookfield.com Email: katie.battaglia@brookfield.com

    The MIL Network

  • MIL-OSI: Top Producing Manager Liz Ryan Returns to Rate in the Northeast, Resumes Decade Long Run

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 03, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, announces that Liz Ryan has rejoined the company as a top-producing manager in the Northeast. Ryan, a seasoned mortgage professional, brings a wealth of experience and a strong track record of success in helping loan officers grow their businesses through new technology, competitive rates, and strategic marketing strategies.

    “I left Rate in 2022 after being here for 10 years. I returned in August of 2024 and was blown away by the marketing, technology, and ease of doing loans. I can’t believe how much more is offered to loan officers at Rate,” said Ryan. “I am so happy that I made the move back. I missed the camaraderie and my Rate family.”

    Victor Ciardelli, CEO of Rate, expressed his enthusiasm for Ryan’s return. “I’m so glad Liz took my call and decided to return to the Rate family. Her leadership and experience will be invaluable as we continue to grow and support loan officers across the region.”

    Ryan is a founding member of Capital Gains BNI in Amesbury, MA, and an active member of the Amesbury Chamber of Commerce, Kiwanis, and the Newburyport Women’s League. She is also an affiliate member of the North Shore Realtor Association.

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; No. 2 ranking in Scotsman Guide’s 2022 list of Top Retail Mortgage Lenders; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

    Media Contact

    press@rate.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/06386e38-2396-46ff-905c-0c14609473d0

    The MIL Network

  • MIL-OSI USA: Press Release: FDIC Board of Directors Withdraws Four Outstanding Proposed Rules

    Source: US Federal Deposit Insurance Corporation FDIC

    CategoriesBusiness, Commerce, MIL-OSI, United States Federal Government, United States Government, United States of America, US Commerce, US Federal Deposit Insurance Corporation FDIC, US Federal Government, US Insurance Sector, USA

    MIL OSI USA News

  • MIL-OSI USA: Another Historic Investment Secured Under President Trump

    US Senate News:

    Source: The White House
    Today, President Donald J. Trump joined Taiwan Semiconductor Manufacturing Company (TSMC) CEO C.C. Wei to announce a historic $100 billion investment by TSMC in its Arizona-based semiconductor chips manufacturing operation — the largest foreign direct investment in U.S. history.
    President Trump: “This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs — many thousands of jobs, and they’re high-paying jobs. In total, today’s announcement brings Taiwan Semiconductor’s investment to about $165 billion.”
    TSMC CEO C.C. Wei: “It’s going to create thousands of high-paying jobs … We are going to produce many chips to support AI’s progress and to support the smartphone’s progress. I want to thank President Trump again for his support.”
    Secretary of Commerce Howard Lutnick: “President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America … You’re seeing the power of Donald Trump’s presidency because TSMC, the greatest manufacturer of chips in the world, is coming to America with a $100 billion investment.”
    Since taking office, President Trump has secured nearly $2 trillion in U.S.-based investment — and the best is yet to come.

    MIL OSI USA News

  • MIL-OSI USA: Press Release: FDIC Board of Directors Approves Delay of Compliance Date For Certain Provisions in Sign and Advertising Rule

    Source: US Federal Deposit Insurance Corporation FDIC

    CategoriesBusiness, Commerce, MIL-OSI, United States Federal Government, United States Government, United States of America, US Commerce, US Federal Deposit Insurance Corporation FDIC, US Federal Government, US Insurance Sector, USA

    MIL OSI USA News