Category: CTF

  • MIL-OSI: Bilibili Inc. Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 20, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Highlights:

    • Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% year over year.
      • Advertising revenues were RMB2.00 billion (US$275.3 million), representing an increase of 20% year over year.
      • Mobile games revenues were RMB1.73 billion (US$238.6 million), representing an increase of 76% year over year.
    • Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% year over year. Gross profit margin reached 36.3%, improving from 28.3% in the same period of 2024.
    • Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.
    • Adjusted net profit1 was RMB361.5 million (US$49.8 million), compared with an adjusted net loss of RMB455.9 million in the same period of 2024.
    • Operating cash flow was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.
    • Average daily active users (DAUs) were 106.7 million, compared with 102.4 million in the same period of 2024.

    “We kicked off 2025 with strong financial results and healthy community metrics in the first quarter,” said Mr. Rui Chen, Chairman and Chief Executive Officer of Bilibili. “Our DAUs reached 107 million, while MAUs hit a new high of 368 million. As our user base matured—with the average age rising to 26 in 2025—users remained highly engaged and demonstrated growing spending power. Average daily time spent per user hit a record of 108 minutes, and our monthly paying users reached an all-time high of 32 million. With the increasing value of our users and improved monetization efficiency, our total net revenues for the first quarter grew 24% year over year to RMB7.0 billion. Building on this strong momentum, we will continue to unlock the potential of our community by offering more efficient and enhanced commercial solutions. As the go-to video platform for premium content and a vibrant creative culture, Bilibili is uniquely positioned to capture emerging opportunities and sustain long-term growth.”

    Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “In the first quarter, we accelerated revenue growth and expanded our margins. This was driven by outstanding performances from our high-margin advertising and games businesses, which grew by 20% and 76% year over year, respectively. Gross profit increased by 58% year over year, with our gross profit margin rising to 36.3%, up from 28.3% in the same period last year. Supported by our robust topline and margin gains, we sustained an adjusted net profit of RMB361.5 million. Our virtuous operating cycle continues to drive robust operating cash flow, generating RMB1.30 billion in the quarter. Moving forward, we will continue to focus on profitable growth by scaling our business and community through efficient, sustainable operations, and delivering long-term value to our shareholders.”

    First Quarter 2025 Financial Results

    Total net revenues. Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% from the same period of 2024.

    Value-added services (VAS). Revenues from VAS were RMB2.81 billion (US$386.9 million), representing an increase of 11% from the same period of 2024, mainly attributable to increased revenues from live broadcasting and other value-added services.

    Advertising. Revenues from advertising were RMB2.00 billion (US$275.3 million), representing an increase of 20% from the same period of 2024, mainly attributable to strong revenue growth in performance-based advertising.

    Mobile games. Revenues from mobile games were RMB1.73 billion (US$238.6 million), representing an increase of 76% from the same period of 2024, mainly attributable to the strong performance of the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    IP derivatives and others. Revenues from IP derivatives and others were RMB467.1 million (US$64.4 million), representing a decrease of 4% from the same period of 2024.

    Cost of revenues. Cost of revenues was RMB4.46 billion (US$615.2 million), representing an increase of 10% from the same period of 2024. The increase was mainly due to higher revenue-sharing costs and was partially offset by lower content costs. Revenue-sharing costs, a key component of cost of revenues, were RMB2.67 billion (US$368.1 million), representing an increase of 19% from the same period of 2024, mainly due to an increase in mobile games-related revenue-sharing costs.

    Gross profit. Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% from the same period of 2024, mainly attributable to the growth in total net revenues and relatively stable costs related to platform operations as the Company enhanced its monetization efficiency.

    Total operating expenses. Total operating expenses were RMB2.52 billion (US$347.8 million), representing an increase of 4% from the same period of 2024.

    Sales and marketing expenses. Sales and marketing expenses were RMB1.17 billion (US$160.8 million), representing a 26% increase from the same period of 2024. The increase was primarily attributable to one-off marketing expenses related to the Company’s partnership with CCTV for the 2025 Spring Festival Gala as the exclusive bullet chat live broadcasting and content platform, as well as higher year-over-year promotion expenses for the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    General and administrative expenses. General and administrative expenses were RMB515.6 million (US$71.1 million), representing a decrease of 3% compared with the same period of 2024.

    Research and development expenses. Research and development expenses were RMB841.5 million (US$116.0 million), representing a 13% decrease from the same period of 2024. The decrease was mainly attributable to improved research and development efficiency.

    Profit/(loss) from operations. Profit from operations was RMB15.0 million (US$2.1 million), compared with a loss of RMB818.6 million from the same period of 2024.

    Adjusted profit/(loss) from operations1. Adjusted profit from operations was RMB342.5 million (US$47.2 million), compared with an adjusted loss from operations of RMB512.2 million from the same period of 2024.

    Total other (expenses)/income, net. Total other expenses were RMB14.1 million (US$1.9 million), compared with total other income of RMB55.5 million in the same period of 2024.

    Income tax expense. Income tax expense was RMB11.6 million (US$1.6 million), compared with RMB1.6 million in the same period of 2024.

    Net loss. Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.

    Adjusted net profit/(loss)1. Adjusted net profit was RMB361.5 million (US$49.8 million), compared with an adjusted loss of RMB455.9 million in the same period of 2024.

    Basic and diluted EPS and adjusted basic and diluted EPS1. Basic and diluted net loss per share were RMB0.02 (US$0.00) each, compared with basic and diluted net loss per share of RMB1.80 each in the same period of 2024. Adjusted basic and diluted net profit per share were RMB0.86 (US$0.12) and RMB0.85 (US$0.12), respectively, compared with an adjusted basic and diluted net loss per share of RMB1.06 each in the same period of 2024.

    Net cash provided by operating activities. Net cash provided by operating activities was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.

    Cash and cash equivalents, time deposits and short-term investments. As of March 31, 2025, the Company had cash and cash equivalents, time deposits and short-term investments of RMB17.40 billion (US$2.40 billion).

    Convertible Senior Notes. As of March 31, 2025, the aggregate outstanding principal amount of April 2026 Notes, 2027 Notes and December 2026 Notes was US$13.4 million (RMB96.2 million).

    Changes in Board Committees

    The Company’s board of directors (the “Board”) approved the separation of the Nominating and Corporate Governance Committee into two distinct committees. Effective from May 20, 2025, the Nomination Committee and the Corporate Governance Committee will each operate under separate charters with defined functions and responsibilities. The Nomination Committee will comprise Mr. JP Gan, Mr. Eric He, Mr. Feng Li and Ms. Ni Li, with Mr. JP Gan serving as chairperson. The Corporate Governance Committee will comprise Mr. JP Gan, Mr. Eric He and Mr. Feng Li, with Mr. JP Gan serving as chairperson. Charters of each communitee will be published on the Company’s investor relations website at http://ir.bilibili.com and The Stock Exchange of Hong Kong Limited website at www.hkexnews.hk.

    1 Adjusted profit/(loss) from operations, adjusted net profit/(loss), and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Conference Call

    The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 20, 2025 (8:00 PM Beijing/Hong Kong Time on May 20, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.

    Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at http://ir.bilibili.com, and a replay of the webcast will be available following the session.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    Use of Non-GAAP Financial Measures

    The Company uses non-GAAP measures, such as adjusted profit/(loss) from operations, adjusted net profit/(loss), adjusted net profit/(loss) per share and per ADS, basic and diluted and adjusted net profit/(loss) attributable to the Bilibili Inc.’s shareholders in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions, gain/loss on fair value change in investments in publicly traded companies, and gain/loss on repurchase of convertible senior notes. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

    The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP and therefore, may not be comparable to similar measures presented by other companies. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP.

    The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

    For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Exchange Rate Information

    This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the exchange rate on March 31, 2025 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational plans, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications 
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications 
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    BILIBILI INC.
    Unaudited Condensed Consolidated Statements of Operations
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
               
    Net revenues:          
    Value-added services (VAS) 2,528,909     3,083,071     2,807,340  
    Advertising 1,668,584     2,388,673     1,997,635  
    Mobile games 982,810     1,797,537     1,731,155  
    IP derivatives and others 484,297     464,880     467,118  
    Total net revenues 5,664,600     7,734,161     7,003,248  
    Cost of revenues (4,059,240 )   (4,945,945 )   (4,464,150 )
    Gross profit 1,605,360     2,788,216     2,539,098  
               
    Operating expenses:          
    Sales and marketing expenses (927,059 )   (1,236,593 )   (1,166,975 )
    General and administrative expenses (531,777 )   (505,861 )   (515,638 )
    Research and development expenses (965,120 )   (919,321 )   (841,477 )
    Total operating expenses (2,423,956 )   (2,661,775 )   (2,524,090 )
    (Loss)/profit from operations (818,596 )   126,441     15,008  
               
    Other income/(expenses):          
    Investment loss, net (including impairments) (21,249 )   (283,191 )   (62,203 )
    Interest income 133,207     110,150     94,173  
    Interest expense (31,574 )   (19,986 )   (32,571 )
    Exchange (losses)/gains (58,060 )   10,529     (11,659 )
    Debt extinguishment loss (20,980 )   (17,649 )    
    Others, net 54,183     139,107     (1,837 )
    Total other income/(expenses), net 55,527     (61,040 )   (14,097 )
    (Loss)/profit before income tax expenses (763,069 )   65,401     911  
    Income tax (expense)/benefit (1,562 )   23,533     (11,588 )
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Net (loss)/profit attributable to the Bilibili Inc.’s shareholders (748,545 )   89,960     (9,102 )
    Net (loss)/profit per share, basic (1.80 )         0.22     (0.02 )
    Net (loss)/profit per ADS, basic (1.80 )   0.22     (0.02 )
    Net (loss)/profit per share, diluted (1.80 )   0.21     (0.02 )
    Net (loss)/profit per ADS, diluted (1.80 )   0.21     (0.02 )
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     420,086,397  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     420,086,397  
               

    The accompanying notes are an integral part of press release.

    BILIBILI INC.
    NOTES TO UNAUDITED FINANCIAL INFORMATION
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024   2024   2025
      RMB   RMB   RMB
               
    Share-based compensation expenses included in:          
    Cost of revenues 13,677   25,350   23,996
    Sales and marketing expenses 12,560   18,524   16,417
    General and administrative expenses 157,824   137,513   144,497
    Research and development expenses 80,525   113,649   105,855
    Total 264,586   295,036   290,765
     
    BILIBILI INC.
    Unaudited Condensed Consolidated Balance Sheets
    (All amounts in thousands, except for share and per share data)
     
      December
    31,
      March
    31,
      2024    2025 
      RMB   RMB
           
    Assets      
    Current assets:      
    Cash and cash equivalents 10,249,382     9,601,900  
    Time deposits 3,588,475     3,937,921  
    Restricted cash 50,000     50,950  
    Accounts receivable, net 1,226,875     1,007,515  
    Prepayments and other current assets 1,934,788     2,124,271  
    Short-term investments 2,706,535     3,856,835  
    Total current assets 19,756,055     20,579,392  
    Non-current assets:      
    Property and equipment, net 589,227     522,109  
    Production cost, net 1,851,207     1,753,344  
    Intangible assets, net 3,201,012     3,199,545  
    Goodwill 2,725,130     2,725,130  
    Long-term investments, net 3,911,592     3,919,494  
    Other long-term assets 664,277     581,476  
    Total non-current assets 12,942,445     12,701,098  
    Total assets 32,698,500     33,280,490  
    Liabilities      
    Current liabilities:      
    Accounts payable 4,801,416     4,983,062  
    Salary and welfare payables 1,599,482     1,200,571  
    Taxes payable 428,932     376,961  
    Short-term loan and current portion of long-term debt 1,571,836     1,818,124  
    Deferred revenue 3,802,307     3,848,682  
    Accrued liabilities and other payables 2,558,830     2,877,377  
    Total current liabilities 14,762,803     15,104,777  
    Non-current liabilities:      
    Long-term debt 3,264,153     3,264,089  
    Other long-term liabilities 567,631     531,276  
         Total non-current liabilities 3,831,784     3,795,365  
    Total liabilities 18,594,587     18,900,142  
           
    Total Bilibili Inc.’s shareholders’ equity 14,108,397     14,386,407  
    Noncontrolling interests (4,484 )   (6,059 )
    Total shareholders’ equity 14,103,913     14,380,348  
           
    Total liabilities and shareholders’ equity 32,698,500     33,280,490  
           
    BILIBILI INC.  
    Unaudited Selected Condensed Consolidated Cash Flows Data  
    (All amounts in thousands, except for share and per share data)  
       
      For the Three Months Ended  
      March
    31,
      December
    31,
      March
    31,
     
      2024   2024   2025  
      RMB   RMB   RMB  
                 
    Net cash provided by operating activities 637,697   1,400,988   1,302,095  
     
    BILIBILI INC.
    Unaudited Reconciliations of GAAP and Non-GAAP Results
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
    (Loss)/profit from operations (818,596 )   126,441     15,008  
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Adjusted (loss)/profit from operations (512,234 )   463,058     342,465  
               
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Income tax related to intangible assets acquired through business acquisitions (5,407 )   (5,358 )   (4,136 )
    (Gain)/loss on fair value change in investments in publicly traded companies (13,186 )   14,177     48,869  
    Loss on repurchase of convertible senior notes 20,980     17,649      
    Adjusted net (loss)/profit (455,882 )   452,019     361,513  
               
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Adjusted net (loss)/profit attributable to the Bilibili Inc.’s shareholders (439,796 )   453,045     363,088  
    Adjusted net (loss)/profit per share, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per ADS, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per share, diluted (1.06 )   1.07     0.85  
    Adjusted net (loss)/profit per ADS, diluted (1.06 )   1.07     0.85  
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     425,602,954  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     425,602,954  

    The MIL Network

  • MIL-OSI: Radware and MAIRE Team Up to Deliver Managed Security Services

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J. and MILAN, May 20, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, and MAIRE, a leading technology and engineering group focused on advancing the Energy Transition, have further expanded their relationship. MAIRE is adding Radware’s AI-powered Cloud Application Protection Services to its managed services portfolio and leveraging Radware’s content delivery network to enhance its security offering for customers.

    MAIRE also uses Radware’s Cloud Application Protection Service to safeguard its global infrastructure from cyber threats. Milan-based MAIRE is present in 50 countries and employs over 9,800 people supported by approximately 50,000 professionals involved in its project worldwide.

    “Our expanded relationship with Radware is grounded in our shared focus on innovation,” said Andrea Sgarlata, identity manager at MAIRE group. “We were looking for a technology partner that could enhance our security offering with state-of-the-art protection, added flexibility and worldwide coverage, enabling our customers to combat even the most sophisticated cyber attacks. Radware is unique in its ability to establish accurate security baselines by continuously studying application traffic and then automatically fine-tuning security policies to block malicious behavior without disrupting legitimate traffic.”

    As part of Radware’s Cloud Application Protection Service, MAIRE is leveraging Radware’s web application firewall (WAF), bot detection and management, and application-layer DDoS protection. Combining end-to-end automation, AI-powered algorithms, behavioral-based detection, and 24/7 managed services, the solution defends against 150+ known attack vectors. This includes the OWASP’s Top 10 Web Application Security Risks, Top 10 API Security Vulnerabilities, and Top 21 Automated Threats to Web Applications.

    Radware’s application security stack is integrated with a high-capacity content delivery network (CDN) solution. The CDN has a global footprint that spans over 600 points of presence in more than 100 cities and 50 countries.

    “With the surge in cyberattacks, shortage of skilled security staff, and need for around-the-clock protection, more companies are opting for managed security services as part of their security strategy,” said Rob Hartley, vice president for Radware in EMEA and CALA. “We look forward to partnering with MAIRE to fill this need and offer customers future-ready application protection solutions designed to reduce their exposure to attacks and improve their security posture.”

    Radware’s DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions have received numerous industry recognitions. Industry analysts such as Aite-Novarica Group, Forrester, Gartner, GigaOm, IDC, KuppingerCole and QKS Group continue to recognize Radware as a market leader in cyber security.

    About MAIRE
    MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide integrated E&C Solutions for the downstream market and Sustainable Technology Solutions through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 50 countries, MAIRE employs nearly 10,000 people, supported by around 50,000 professionals involved in its project worldwide. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”).

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

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

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

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

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

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

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

    The MIL Network

  • MIL-OSI: Nykredit Realkredit A/S has received all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Nykredit Realkredit A/S has received all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S

    20 May 2025

    Nykredit Realkredit A/S has received the Danish Competition and Consumer Authority’s approval, after which all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S have been received

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion. As stated in the supplement dated April 2, 2025, the offer price has subsequently been increased to DKK 210.50 per share.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order. The Offer Document was most recently supplemented in a supplement of 23 April 2025.

    Nykredit today received the Danish Competition and Consumer Authority’s approval of Nykredit’s acquisition of sole control over Spar Nord Bank pursuant to part 4 of the Danish Competition Act. The last of the regulatory approvals which, in accordance with section 6.16 of the Offer Document, constitute the “Regulatory Condition” for the Offer has thus been received.

    Completion of the Offer is subject to the remaining conditions set out in section 6.6 of the Offer Document being satisfied.

    The Offer Period expires on 20 May 2025 at 23:59 (CEST). On 21 May 2025, Nykredit expects to publicly announce a preliminary compilation of the number of acceptances and announce whether the Offer will be finalised.

    Nykredit intends to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders, provided that Nykredit has obtained the necessary ownership interest, and the Offer has been completed. Spar Nord Bank shareholders who have opted not to accept the Offer, should expect that Nykredit, provided that the Offer is completed, will take steps to combine Nykredit Bank A/S and Spar Nord Bank, which will result in a further increase in Nykredit’s ownership interest in Spar Nord Bank. Not later than in continuation of the combination, Nykredit thus expects to hold a sufficient ownership interest to be able to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders.

    After Nykredit Realkredit A/S has received all regulatory approvals to complete the voluntary tender offer for Spar Nord Bank A/S, Michael Rasmussen, Group Chief Executive, states:

    “We are pleased to have received the merger control approval from the Danish Competition and Consumer Authority. Spar Nord and Nykredit are both strong banks experiencing growth, customer inflows and high customer satisfaction.I look forward to soon welcoming customers and colleagues from Spar Nord.

    The Nykredit Group’s ‘Winning the Double’ strategy continues, because partnerships are a crucial part of our strategy. Our partners can therefore expect us to further engage and invest in our important communities in Totalkredit, BEC, Sparinvest, nærpension and Privatsikring. Partnerships that ensure that we together stand stronger in the Danish financial market and in our interaction with customers.”

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/en-gb/offer-spar-nord/

    This announcement and the Offer Document (with supplements) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with supplements) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Offer Document, supplements or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction, including securities laws. It is the responsibility of all Persons obtaining this announcement, the Offer Document, supplements, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Offer Document or supplements to shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.


    1 Executive Order no. 636 of 15 May 2020

    Attachment

    The MIL Network

  • MIL-OSI: Jitterbit Appoints Luca Taglioretti as Chief Revenue Officer to Accelerate Global Growth, Drive New Channel Strategy

    Source: GlobeNewswire (MIL-OSI)

    ALAMEDA, Calif., May 20, 2025 (GLOBE NEWSWIRE) — Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced the appointment of Luca Taglioretti as Chief Revenue Officer (CRO). As part of this strategic move, Taglioretti will oversee global sales while refining the company’s go-to-market strategy to capitalize on the growing demand for AI-infused integration, automation, and application development solutions.

    “Luca’s deep experience in building and scaling high-growth sales organizations, particularly in the channel, makes him the ideal leader to drive Jitterbit’s next phase of expansion,” said Jitterbit President and CEO Bill Conner. “This strategic alignment of our global sales operations under Luca will enable us to more effectively serve our customers and partners worldwide and capitalize on the significant market opportunity in AI-infused integration, automation, and application development.”

    Taglioretti brings more than 25 years of experience to the role, with a track record of building and scaling channel partnerships in the integration and cybersecurity industries. In this new role, he will be responsible for driving Jitterbit’s global revenue growth, with a strong focus on expanding the company’s channel ecosystem.

    “I’m incredibly excited to take on this role and lead Jitterbit’s global sales organization,” said Jitterbit Chief Revenue Officer Luca Taglioretti. “We’re at a transformative point in the industry, and we believe the Jitterbit Harmony platform is uniquely positioned to empower our partners to deliver exceptional value to their customers. By leveraging intelligent automation and integration, our partners can fundamentally change how they enable their customers’ success. I look forward to collaborating with our sales teams and our expanding partner ecosystem to drive significant growth and shape the future of enterprise automation.”

    Previously, Taglioretti held pivotal leadership roles in cybersecurity, where he transformed regional go-to-market strategies, achieving significant revenue growth and operational excellence. With deep expertise in managing carriers, MSP, and MSSPs, Taglioretti has consistently demonstrated the ability to align technical innovation with business strategy. Taglioretti’s passion for fostering collaboration, combined with a results-driven approach, has led to remarkable achievements, including driving year-over-year revenue growth across diverse regions.

    About Jitterbit
    For organizations ready to modernize and innovate, Jitterbit provides a unified AI-infused low code platform for integration, orchestration, automation, and app development that accelerates business transformation, boosts productivity, and unlocks value. The Jitterbit Harmony platform, including iPaaS, API Manager, App Builder and EDI, future-proofs operations, simplifies complexity and drives innovation for organizations globally. Learn more at www.jitterbit.com and follow us on LinkedIn.

    MEDIA CONTACT:
    Geoff Blaine
    Jitterbit
    Email: geoff.blaine@jitterbit.com

    The MIL Network

  • MIL-OSI: Nykredit announces receipts of all regulatory approvals

    Source: GlobeNewswire (MIL-OSI)

    Nykredit announces receipt of approval from the Danish Competition and Consumer Authority, after which all regulatory approvals required to implement the voluntary takeover offer for Spar Nord Bank A/S have been received

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

    With reference to Spar Nord Bank A/S’ (Spar Nord) company announcement no. 1/2025 concerning publication of the offer document (the Offer Document) in connection with the all-cash voluntary takeover offer from Nykredit Realkredit A/S (Nykredit) for all shares (other than treasury shares held by Spar Nord) in Spar Nord (the Offer), and Spar Nord’s subsequent company announcements regarding Nykredit’s extensions of the offer period, Nykredit has today announced that Nykredit has received the Danish Competition and Consumer Authority’s approval of Nykredit’s acquisition of sole control over Spar Nord pursuant to Chapter 4 of the Com-petition Act.

    As a consequence, the last of the regulatory approvals that, pursuant to section 6.16 of the Offer Document, constitute the “Regulatory Condition” for the Offer has been received.

    Completion of the Offer remains subject to fulfilment of the remaining conditions set out in section 6.6 of the Offer Document.

    The offer period expires on 20 May 2025 at 23:59 (CEST). Nykredit expects to publish an announcement on 21 May 2025 regarding the preliminary calculation of the number of acceptances and to announce whether the Offer will be finalised.

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

    Yours faithfully

    Spar Nord Bank A/S
    The board of directors

    Attachments

    The MIL Network

  • MIL-OSI: Cost-Optimized PolarFire® Core FPGAs and SoCs from Microchip Technology Deliver High Performance with a 30% Lower Price Tag

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., May 20, 2025 (GLOBE NEWSWIRE) — In the current marketplace, Bill of Material (BOM) costs are continuing to rise and developers must work to optimize performance and budgets. Recognizing that a significant portion of the mid-range FPGA market does not require integrated serial transceivers, Microchip Technology (Nasdaq: MCHP) is releasing PolarFire® Core Field-Programmable Gate Arrays (FPGAs) and System on Chips (SoCs). The new devices are a derivative of the base PolarFire families and reduce customer costs by up to 30 percent by optimizing features and removing integrated transceivers. Offering the same industry-leading, low-power consumption and proven security and dependability of classic PolarFire technology, Core devices provide savings without sacrificing functionality, processing capability or quality.

    Designed for automotive, industrial automation, medical, communication, defense and aerospace markets, PolarFire Core families feature Single Event Upset (SEU) immunity for mission-critical reliability and integrate a quad-core, 64-bit RISC-V® microprocessor (MPU) for flexible compute capabilities. Additionally, the Core devices are designed to be pin-to-pin compatible with the full line of PolarFire FPGAs to accommodate various design SKUs, enhancing value for applications that prioritize cost efficiency over a range of unnecessary features.

    “Many FPGA manufacturers have raised prices recently, creating new challenges for OEMs needing to bring products to market quickly, at the lowest possible cost and power targets,” said Bruce Weyer, corporate vice president of Microchip’s FPGA business unit. “Our PolarFire Core FPGA and SoC families address price and power budget challenges directly, providing market-leading solutions at a favorable price point.”

    Whether enabling real-time control, edge processing or safety-critical systems, PolarFire Core devices are designed to deliver the flexibility and longevity engineers need to accelerate innovation. Visit the website to learn more about Microchip’s portfolio of FPGAs and SoCs.

    Development Tools
    PolarFire Core devices are supported by Microchip’s Libero® SoC Design Suite, SmartHLS™ compiler, VectorBlox™ Accelerator SDK and Microchip’s Mi-V ecosystem of partner platforms for rapid RISC-V application development. They are compatible with currently available PolarFire FPGA and SoC development boards to expedite silicon development.

    Pricing and Availability
    For additional information and to purchase, contact a Microchip sales representative, authorized worldwide distributor or visit Microchip’s Purchasing and Client Services website, www.microchipdirect.com.

    Resources

    High-res images available through Flickr or editorial contact (feel free to publish):
    • Application image: https://www.flickr.com/photos/microchiptechnology/54485182454/sizes/o/

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo, Libero, PolarFire, are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. SmartHLS and VectorBlox are trademarks of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network

  • MIL-OSI: Phoenix Tech Festival 2025: A Night of Insight, Connection, and Meaningful Innovation

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, May 20, 2025 (GLOBE NEWSWIRE) — On Saturday, May 10, 2025, professionals, students, creators, and entrepreneurs gathered at the University of Advancing Technology for the Phoenix Tech Festival 2025, an in-person event organized by DataGlobal Hub to celebrate emerging technologies, collaboration, and practical innovation. The festival delivered on its promise by creating space for people to learn, connect, and discover together.

    From thoughtful keynote sessions to interactive showcases and direct mentorship, the event provided attendees with access to real-world knowledge, tools, and people all in one powerful evening. Phoenix Tech Festival is one of the most honest and useful tech events that has been organized in years.

    The main conference was followed by an afterparty at Sugar Cane Lounge & Café, which gave room for casual conversations, AI-generated art, music, and speaker networking in a relaxed atmosphere.

    Speakers and Panelists
    The event brought together distinguished personalities, experts, thought leaders across various organization and industry who are using AI to cause change and development.

    Matthew Prater: Professor of Robotics and Embedded Systems at the University of Advancing Technology. With over five years of teaching experience in Robotics and Embedded systems and a rich background in pharmaceutical robotics and research, Professor Prater’s sessions offered deep insights into the future of robotics and automation.

    Tim Taylor: Patent Attorney at Garlic & Markison with 15 years of experience. Tim specializes in litigation-grade patent portfolio development, helping tech innovators secure and defend their inventions. His session guided participants through the complexities of intellectual property protection, ensuring innovations are well protected for confident growth and investment attraction.

    Jarrett Albritton: VP of Sales and Strategy at WriteSea and Founder & Host of Big Tech Energy Podcast. He also founded DEI Staffing, focusing on diverse tech candidate placement. Drawing from his wealth of experience Jarrett explore how innovators and entrepreneurs can craft powerful strategies that make an impact.

    Richard H. Miller: AI/Design Strategy Consultant and former Senior Director-Level Architect at Oracle, with 17 years of experience in conversational design for AI and NL. He is the author of UX for Enterprise ChatGPT Solutions (2024). Richard brought deep expertise in crafting user-centric, multimodal AI interactions across platforms like Slack, Teams, and web.

    Seyi (Shay) Ogebulu, Ph.D.: Product Management Lead at Intel Corporation with 11 years of experience, championing customer-centric innovation. Co-founder of The Joule Foundation, she helped participants understand how edge computing is reshaping industries and unlocking new possibilities for real-time intelligence and innovation.

    Kent Gilson: Chief Technology Officer at Revobots and a pioneer in mechatronics, Kent brought decades of experience leading robotics innovation, including developing cutting-edge AI-powered humanoid robots like TASKBOT. He shared insights on how robotics is transforming industries and the future of work, blending deep technical expertise with visionary leadership.

    Jim W. Ko: Principal Attorney at Ko IP & AI Law PLLC and board advisor for the AIVN – Artificial Intelligence Venture Network. A leading expert in intellectual property and AI law, he provided cutting-edge counsel to businesses navigating AI challenges, blending deep legal expertise with technology innovation.

    Sandy Martinez, M.Ed.: Higher Ed Leader turned Web3 Strategist, Founder of Women of Web3, Motivational Speaker, Career Coach, and Author. She is transforming the Web3 space through empowerment and education. Sandy shared insights on inclusive digital futures and unlocking Web3’s power for social impact.

    Argustic Dunbar: Senior RPA Developer and Founder of RPA University. Known as “The RPA Guy,” he delivered a high-impact keynote, Fast-Track to Six Figures: Why RPA is the Smartest Tech Career Choice Today, where he revealed insider strategies and actionable steps to leverage automation technology for career growth.

    P.J Way: An award-winning AI filmmaker and visionary speaker, transforming how content is created and experienced using AI-driven tools to craft films, music videos, and art installations. PJ held a workshop at the festival, Beyond the Buzz: Real-World Content Creation with AI Tools for Brands That Need Results, Not Gimmicks, showing how to use AI for authentic, business-impactful content.

    Stephanie Orji, CPACC: Director of Digital Accessibility and Founder of Innov8ive Academy and Innov8ive Solution, leading inclusive tech initiatives. An expert in ensuring digital experiences work for all users, she emphasized accessibility as a driver of innovation and business growth.

    Briant Becote, Ph.D, CISSP, PMP: Cybersecurity Professor at the University of Advancing Technology and former Director of International Relations for the US Navy. With over 22 years of experience, he shared insights on evolving cybersecurity landscapes and resilient systems.

    Matthew Burkett: Founder of CEOPRO.AI, he presented professional insights on leveraging AI for business growth and how advanced technology can drive sustainable expansion.

    Moderator
    Torund Bryhn: Podcast Host at Public Figure Society with over five years of experience, transforming experts into public figures. She led a powerful conversation featuring top industry leaders who are shaping the next wave of innovation in tech and AI.

    Live Tech Showcase/ Exhibitors
    Attendees explored tools, platforms, and ideas that are already making a difference in business and education today. Featured exhibitors included:

    REVOBOTS – Showcased TaskBot, their lifelike, hyper-humanoid 3D printed humanoid robot powered by agentic AI and built to operate seamlessly in real-world environments. TASKBOT is designed to solve real labor challenges through intelligent automation and human-in-the-loop learning. Built for jobs that are dangerous, dull, dirty, and dexterous, it’s not just a robot-it’s a new way of thinking about the Future of Work.

    DataRango – A gamified learning platform making AI education more accessible and engaging.

    CEOPro.ai – Offering intelligent business consulting tools to support strategic growth.

    Interview Buddy – A virtual AI-powered mentorship platform offering prep sessions in machine learning, design, and management offering customized, interactive mock interviews tailored to their resume and career goals.

    OPNRS – Showcased its networking app, enabling meaningful professional connections, presented by Herbie. OPNRS leverages innovative technology to facilitates authentic technology in a digital world.

    Strategic Partnership
    The successful execution of the Phoenix Tech Festival 2025 was made possible through the support of our strategic partners. We acknowledge the valuable contributions of Metropolis Marketing, PodWorks Studios, AIVN (Artificial Intelligence Venture Network), led by Bill Swartz, and Innov8ive Academy, under the leadership of Stephanie Orji, with support from Zach Madson, Elite List and Briana Polanco.

    We also recognize the cross-functional teams responsible for planning, operations, logistics, marketing, content, and technical delivery, whose coordinated efforts ensured a seamless event experience.

    Additionally, we extend our sincere appreciation to Jake Henningsen, the Career Services Coordinator at the University of Advancing Technology, and the dedicated team of student volunteers from UAT, which included Nicholas James, Alexis Sloan, Amara Hill, Joey Monroe, Ethan Nguyen, Paul Thomas, and Marcus Frazier.

    At DataGlobal Hub, we remain committed to fostering impactful partnerships as we shape the future of technology and innovation across the globe.

    Scholarship Award
    As part of our ongoing mission to empower and upskill communities, students, and enthusiasts, DataGlobal Hub granted scholarship access to all volunteers during the festival offering one year of full access to 500+ AI, Data, and Tech courses.

    What’s Next
    Building on the success of Phoenix Tech Festival, DataGlobal Hub is excited to announce its upcoming event “Global Data and AI Virtual Tech Conference GDAI 2025” set to take place later this year. This flagship online event will convene over 100 renowned speakers, researchers, and tech leaders to share real-world insights across AI, data science, business innovation, robotics, and more. GDAI 2025 is designed to be more than a conference; it’s an interactive, global learning experience focused on real opportunities, actionable knowledge, and community connection. Whether you’re a student, founder, or executive, GDAI 2025 will give you the edge to grow, build, and lead in today’s digital world.

    Call to action
    Register for GDAI: https://dataglobalhub.org/events/gdai/register
    Become a partner: https://dataglobalhub.org/events/gdai/partnership
    Call to speak: https://dataglobalhub.org/events/gdai/call-for-speakers

    About DataGlobal Hub
    DataGlobal Hub is a trusted global media organization focused on news, analysis, and resources in the world of Data and Artificial Intelligence. Our mission is to empower individuals and organizations to thrive in the digital era through high-quality content, thought leadership, mentorship and community engagement. With a growing network of global experts and contributors, we remain committed to making AI knowledge practical, inclusive, and impactful.

    Learn More About DataGlobal Hub:
    Website: https://dataglobalhub.org
    Instagram: https://www.instagram.com/dataglobalhub?igsh=YzljYTk1ODg3Zg==
    LinkedIn: https://www.linkedin.com/company/dataglobal-hub/
    X (Twitter) : https://x.com/DataGlobalHub

    Media Contact.
    Company Name: DataGlobal Hub
    Website: https://www.dataglobalhub.org/
    Contact Person: Mojeed Abisiga, CEO
    Email: partnerships@dataglobalhub.org

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/497b47e5-df04-4745-bf27-b565c34cbd9c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d3935828-fb51-48e3-9d42-b00b1ab71a61

    The MIL Network

  • MIL-OSI: Groupama has successfully carried out the issue of a subordinated debt for a principal amount of EUR 500 million

    Source: GlobeNewswire (MIL-OSI)

    Groupama announced the issue on 19 May 2025 of Euro-denominated Fixed Rate subordinated notes due 2035 placed with institutional investors for a principal amount of EUR 500 million. The new notes priced at MS+190, resulting in an annual coupon of 4.375%. The purpose of this transaction was to take advantage of current supportive market conditions to optimize the group’s capital structure.

    Investors showed significant interest with the order book more than 5 times oversubscribed.

    The main terms of the new issue are the following:

    Issuer: Groupama Assurances Mutuelles
    Expected rating of the notes: BBB+ by Fitch
    Issue amount: EUR 500 million
    Pricing date: 19 May 2025
    Settlement date: 26 May 2025
    Annual coupon: 4.375 per cent.
    ISIN: FR001400ZUC0

    Natixis (Global Coordinator), Barclays, BNP Paribas, Citigroup, J.P Morgan and Morgan Stanley acted as joint bookrunners on the transaction. The new notes will be admitted to trading on Euronext Paris.

    The prospectus of the new notes will be available on the group’s internet website (www.groupama.com) and on the website of the Autorité des marchés financiers (www.amf-france.org).

    Press contact Analyst and investor contact
     

    Safia Bouda – + 33 (0)6 02 04 48 63
    safia.bouda@groupama.com

     

    Valérie Buffard – +33 (0)6 70 04 12 38
    valerie.buffard@groupama.com

    About Groupama Group

    For more than 100 years, the Groupama Group has been based on timeless humanist values to help as many people as possible build their lives with confidence It is based on human, close-knit, optimistic and responsible communities of mutual aid. On the strength of its two brands – Groupama and Gan – Groupama Group, one of the leading mutual insurers in France, carries out its insurance and service businesses in 10 countries. The Group has 12 million members and customers and 32,000 employees throughout the world, with premium income of €18.5 billion.

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Wolverhampton premium hotel proposition highlighted at UKREiiF

    Source: City of Wolverhampton

    It is being promoted to investors, funders, developers at the major conference in Leeds between 20 May and 22 May.

    The proposition focuses on the city centre to take advantage of the award winning £150 million transport Interchange connecting train, tram and bus at a key gateway to Wolverhampton.

    Boosted by a vibrant culture, an impressive events programme, a variety of attractions, a premier league football team, strong connectivity and a proven track record of delivering strategic regeneration, official data shows Wolverhampton attracts over 10 million visitors a year.

    With significant and growing corporate demand and visitor attraction numbers in the city, the council is now seeking partners with a proven track record to deliver a premium brand hotel – minimum 4 star – to cater to both business and leisure travellers.

    It is also open to discussing potential sites with developers, investors and land and property owners.

    The council’s Cabinet Member for City Development, Jobs and Skills, Councillor Chris Burden, said: “Investment in a premium hotel aligns with the city’s growth trajectory, taps into unmet accommodation demand, and supports our long term economic and cultural resurgence.

    “The absence of a premium hotel offering means that existing demand is often displaced to hotels outside of Wolverhampton. This presents a significant opportunity for high quality hotel operators to capture this demand and we are excited to collaborate and support with interested parties in making a hotel investment in Wolverhampton a success.

    “Our visitor economy attracts 10 million visitors annually and is worth in excess of £450 million a year, growing on the back of nationally acclaimed venues like The University of Wolverhampton at The Halls, Grand Theatre, Wolverhampton Art Gallery, Molineux Stadium and Wolverhampton Racecourse.

    “When you add the corporate demand generated by major companies and organisations based in the city like JLR, Ministry of Housing, Communities & Local Government, Moog, University of Wolverhampton, Tarmac and Collins Aerospace – and regional attractions on the doorstep – it makes a compelling case for a premium hotel in Wolverhampton.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: SEND families invited to join new parent carer forum

    Source: City of Wolverhampton

    After more than a decade of supporting families and working with the SEND Local Area Partnership, Wolverhampton’s existing parent carer forum Voice4Parents announced it would be closing earlier this year, and work is now underway to establish its successor.

    Parent carer forums are run by family members of children and young people with SEND and represent the collective voice of parents and carers in strategic discussions with the SEND Local Area Partnership – comprising the City of Wolverhampton Council, Black Country Integrated Care Board, The Royal Wolverhampton NHS Trust, Black Country Healthcare Foundation Trust, schools and local voluntary and community groups – as well as providing a forum for sharing experiences and accessing information. 

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education said: “We really appreciate the amazing work that members of Voice4Parents undertook over the years to improve services for SEND children and their families, and we were very sad to hear they had taken the decision to close earlier this year.

    “Parent carer forums play a vital role in empowering parents to influence decisions, ensuring services meet families’ needs, and raising awareness of challenges for children and young people with SEND and their families.

    “It’s really important that we have a strong parent carer forum to advocate for SEND children and young people, to ensure their families’ voices are heard, and to help the SEND Local Area Partnership develop the best possible services for every child and young person in our city who has additional needs, so please find out more about how you can get involved.”

    Contact, the charity for families with disabled children, is leading on the establishment of the new parent carer forum, and is inviting parents and carers of children or young people aged 0 to 25 with SEND to join one of 3 virtual sessions to find out more. These will be held on Wednesday 4 June from 10am to 11.30am, Monday 9 June from 12.30pm to 2pm or Wednesday 11 June from 6pm to 7.30pm. To book your place, please email catherine.ratcliffe@contact.org.uk.

    MIL OSI United Kingdom

  • MIL-OSI Russia: Bashneft Launches First Fully Automated Digital Substation in Bashkiria

    Translation. Region: Russian Federal

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

    ANK Bashneft (part of Rosneft) launched a highly automated substation in the Krasnokamsk region of the Republic of Bashkortostan. The substation was launched as part of the 33rd international specialized exhibition Gas. Oil. Technologies, which is taking place in Ufa.

    The completely renovated Mirnaya substation receives, converts and transmits high-voltage energy of 110 thousand volts (110 kV). The substation will provide reliable power supply to more than 470 production wells and 5 large production sites: an oil terminal, reservoir pressure maintenance facilities and primary oil refining facilities.

    All processes at the facility are carried out automatically, no personnel is required. This will reduce operating costs by more than 40%. All Mirnaya equipment is Russian-made.

    Remote control of the substation is carried out from the control center of the Arlan oil and gas production region (part of Bashneft). Operational personnel determine the equipment load and monitor the operation of the power system in real time.

    The launch of the Mirnaya substation marks the start of a large-scale pilot project of Rosneft in the Republic of Bashkortostan to create a Digital Electricity Grid Region (DEG), which will include several highly automated substations controlled from a single control center.

    Reference:

    ANK Bashneft is one of the oldest enterprises in the country’s oil and gas industry, operating in the extraction and processing of oil and gas. The company’s key assets, including oil refining and petrochemical complexes, are located in the Republic of Bashkortostan.

    The modernization of Bashneft’s energy systems allows for an uninterrupted supply of electricity to the company’s production facilities, while reducing labor costs for maintenance and major repairs.

    Department of Information and Advertising of PJSC NK Rosneft May 20, 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 New Zealand: Gaza – NZ signature on Gaza statement ‘wholly inadequate’ – PSNA

    Source: Palestine Solidarity Network Aotearoa

     

    PSNA says an end to government silence on Israeli genocide in Gaza is overdue, but says New Zealand’s signature on an international declaration is wholly inadequate and too little too late.

     

    Palestine Solidarity Network Aotearoa Co-Chair John Minto says a just released joint statement by 22 foreign ministers, including New Zealand’s, breaks New Zealand’s month’s long silence on Israel’s genocide in Gaza, but falls well short of any means of making Israel comply with international law.

     

    “We don’t need to be told all over again that the resumption of full-scale aid deliveries is vital to avoid wide scale starvation, or that the UN must drive the aid distribution and there is a vital need for a ceasefire.”

     

    “This is just New Zealand dusting off the rhetoric which it issued a year ago – which was completely ignored by Israel.”

     

    Minto says the only promising moves with potential teeth are in a joint statement just issued by the UK, France and Canada.

     

    “At last, some major countries are talking about sanctions,” Minto says.

     

    The triparted statement threatens sanctions against Israel.

     

    “If Israel does not cease the renewed military offensive and lift its restrictions on humanitarian aid, we will take further concrete actions in response.”

    They (the three countries) also warned they would be prepared to impose targeted sanctions over attempts to expand settlements in the occupied West Bank.

     

    Minto says over the past few days Israel has been ramping up its assault on Gaza to even higher levels of ferocity.

     

    “It’s time for governments’ words to end, and sanctions to be implemented.  A year ago, Canada and New Zealand were issuing joint statements on Gaza, along with Australia.”

     

    “Canada has raised the stakes.  New Zealand should move past Canada and implement sanctions immediately.”

     

    https://www.bignewsnetwork.com/news/278229391/joint-donor-statement-on-humanitarian-aid-to-gaza

    UK, France and Canada condemn ‘egregious actions’ by Netanyahu’s Israel

     

    John Minto

    Co-Chair

    Palestine Solidarity Network Aotearoa

    MIL OSI New Zealand News

  • Trump’s mass layoff threat drives U.S. government workers to resign

    Source: Government of India

    Source: Government of India (4)

    Tens of thousands of U.S. government workers have chosen to resign rather than endure what many view as a torturous wait for the Trump administration to carry out its threats to fire them, say unions, governance experts and the employees themselves.

    President Donald Trump signed an executive order on taking office to dramatically slash the size and cost of government. Four months later, mass layoffs at the largest agencies have yet to materialize and courts have slowed the process.

    Instead, most of the roughly 260,000 civil servants who have left or will leave by the end of September have taken buyouts or other incentives to quit. Some told Reuters they could no longer live with the daily stress of waiting to be fired after multiple warnings from Trump administration officials that they could lose their jobs in the next wave of layoffs.

    As a result, Trump and tech billionaire Elon Musk’sDepartment of Government Efficiency have managed to cut nearly 12% of the 2.3 million-strong federal civilian workforce largely through threats of firings, buyouts and early retirement offers, a Reuters review of agency departures found.

    The White House did not respond to a request for comment for this story. Trump and Musk say the federal bureaucracy is bloated, inefficient and beset with waste and fraud.

    The White House has yet to provide an official tally of the number of people leaving the federal workforce. It said 75,000 took the first of two buyout offers but has not said how many took a second buyout offer last month. Under the scheme, civil servants will receive full pay and benefits through September 30, with most not having to work during that period.

    Deep cuts are earmarked for several agencies, including over 80,000 jobs at the Department of Veterans Affairs, and 10,000 at the Department of Health and Human Services.

    Since January, many government workers have spoken of living in fear of being fired. Many agencies have sent regular emails to staff that couple incentives to quit with warnings that those who stay face the possibility of being laid off.

    They have also endured cramped offices after Trump ordered all remote workers to return to work and dysfunction inside their agencies caused by a brain drain of experienced workers.

    Don Moynihan, a professor at the Ford School of Public Policy at the University of Michigan, said a series of moves by DOGE and Trump have worn down the early defiance of many civil servants and led them to leave the workforce, a strategy that avoids the legal pitfalls of firing them.

    They include the first buyout offer, which told workers they needed to leave their “lower productivity” jobs; a demand by Musk for workers to summarize five things they had achieved at work in the previous week, and workers being asked to do jobs they were not trained for.

    “It’s inappropriate to think of these as voluntary resignations. Many of these employees feel that they were forced out,” Moynihan said.

    Charlotte Reynolds, 58, took an early retirement offer and left her job as a senior tax analyst at the tax-collecting Internal Revenue Service on April 30.

    Reynolds chose not to take the first buyout offer in January, deciding to tough things out. By April she had had enough.

  • Delhi CM Rekha Gupta inaugurates Delhi Games 2025 at Talkatora Stadium

    Source: Government of India

    Source: Government of India (4)

    Delhi Chief Minister Rekha Gupta inaugurated the Delhi Games 2025 at Talkatora Stadium in New Delhi on Tuesday. Delhi Minister for Urban Development, Education & Training, Ashish Sood, was also present at the inauguration ceremony.

    The Chief Minister emphasized that athletes from Delhi should receive all necessary facilities, contrasting this with the shortcomings of previous governments.

    She stated that the Delhi government, through the Delhi Sports Council, would ensure that athletes have access to the resources they need to train and compete in the capital, enabling them to bring honor to the city.

    “Athletes from Delhi should get all the facilities they need. In previous governments, we saw that due to a lack of facilities in Delhi, athletes had to go to other states and register there. The Delhi government, through the Delhi Sports Council, will provide all necessary facilities so that they stay in Delhi and earn laurels for the national capital,” Rekha Gupta told reporters.

    More than 22,000 athletes are expected to compete across 20 sports disciplines during the Delhi Games.

    Earlier, on May 17, CM Rekha Gupta also inaugurated a new water pipeline in Singalpur village, located in the Shalimar Bagh area of the national capital.

    Addressing the public at that event, the Chief Minister said, “Until now, we have been paying off the liabilities of previous governments. Our government is committed to the welfare of the people. Work must be done in the public interest—no work should be left unfinished.”

    She further emphasized her administration’s focus on transparency and integrity, stating, “It is the government’s responsibility to carry out every task with complete transparency and honesty, and we will fulfill it.”

    Gupta also criticized the former Aam Aadmi Party (AAP) government for neglecting the capital’s infrastructure, particularly its firefighting systems, which she described as being in a “dilapidated state.”

    “The firefighting systems under the previous government were in a dilapidated state. Because of this, we were unable to provide timely solutions during several tragedies,” she said.

    Later, the Chief Minister, along with Bharatiya Janata Party (BJP) MP Ramvir Bidhuri and Minister Ashish Sood, inspected the modern firefighting vehicles of the Delhi Fire Service at the Secretariat.

  • PM Modi condoles the demise of renowned astrophysicist Dr. Jayant Narlikar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday expressed deep condolences on the passing of Dr. Jayant Narlikar, one of India’s most distinguished astrophysicists.

    In a heartfelt post on X, the Prime Minister wrote:

    “The passing of Dr. Jayant Narlikar is a monumental loss to the scientific community. He was a luminary, especially in the field of astrophysics. His pioneering works, especially key theoretical frameworks will be valued by generations of researchers. He made a mark as an institution builder, grooming centres of learning and innovation for young minds. His writings have also gone a long way in making science accessible to common citizens. Condolences to his family and friends in this hour of grief. Om Shanti.”

    Dr. Narlikar passed away on Tuesday at the age of 86. According to close associates, he had undergone surgery for a hip fracture a fortnight ago and was recuperating at home.

    A legendary figure in the field of theoretical astrophysics, Dr. Narlikar was best known for proposing an alternative to the Big Bang theory—the steady state model—alongside Sir Fred Hoyle. His contributions brought international recognition to Indian science.

    He played a key role in the establishment of the Inter-University Centre for Astronomy and Astrophysics (IUCAA) in Pune, where he mentored generations of young scientists and helped shape India’s modern astrophysics landscape.

    An alumnus of Banaras Hindu University and Cambridge University, Dr. Narlikar also worked with the Tata Institute of Fundamental Research (TIFR). Beyond his academic achievements, he gained prominence as a science communicator, striving to make complex scientific ideas accessible to the general public through books and lectures in English and regional languages.

  • MIL-OSI United Kingdom: Pioneering approach to green energy planning launched in Winchester

    Source: City of Winchester


    Winchester City Council is using a pioneering new digital tool called LENZA to create a digital local area energy plan (LAEP) for the district – it’ll be the first of its kind in the country to be developed this way.

    A local area energy plan is recognised as the best way of making sure local energy use is as green and efficient as possible. It will help the district become greener faster by identifying the most cost-effective route to make the district’s energy use greener and helping communities to bring forward their own local energy schemes.

    Using the LENZA tool, the city council is able to identify where energy saving measures can be introduced. One example is that it can assess the potential heat loss from buildings, which allows the city council to suggest measures such as improved insulation or low carbon heating to reduce reliance on fossil fuels.

    The LENZA tool – which was co-developed by Scottish and Southern Electricity Networks (SSEN) Distribution (the Distribution Network Operator which serves central southern England) and spatial analytics and software company, Advanced Infrastructure (AI) Technology Limited – can also help identify the best locations for renewable technologies such as solar panels and electric vehicle charging points, and where the most suitable locations for renewable energy generation sites are in the district.  Winchester’s LAEP will be developed in collaboration with SSEN and AI, following a successful pilot project in 2024.

    LENZA gives the council free access to important data and tools to support its development of a LAEP, resulting in cost savings of up to £50,000 or 54% compared to traditional consultancy methods.

    Councillor Kelsie Learney, Cabinet Member for climate emergency at Winchester City Council, said:

    “Having experienced the capabilities of LENZA as a data tool during the pilot project, I’m really excited to see how it can help us develop our local area energy plan. It’ll provide a detailed picture of future energy needs in Winchester district and allow the team to support the development of green energy schemes to power and heat our homes, vehicles and workplaces and also supply renewable energy back into the grid.”

    Andrew Wainwright, Whole Systems Manager at SSEN Distribution said:

    “It’s been a privilege for me and my team to follow Winchester City Council’s LENZA journey since they became one of the first local authorities we introduced to the platform.

    “They’ve embraced LENZA with enthusiasm, and the benefit of this approach will be borne out in the forthcoming Local Area Energy Plan. And crucially, it’s the communities in Winchester who’ll see the benefits of this hard work and ambition.

    “In the years to come, they’ll feel the economic and societal benefits of decarbonisation, because of the forward-thinking work the team at Winchester City Council is doing, with our support.”

    Christopher Jackson, CEO at Advanced Infrastructure said:

    “We’re proud to support Winchester City Council in developing the UK’s first digital Local Area Energy Plan within LENZA. Built on Advanced Infrastructure’s LAEP+ platform, LENZA has already demonstrated its value to many local authorities within SSEN’s licence area. This marks a significant step forward in local energy planning, enabling councils to access the granular data and powerful digital tools required to plan their net zero strategies efficiently.”

    It is expected that the LAEP will be completed by early 2026.

    Anyone interested in knowing more about the development of a LAEP for the Winchester district is invited to attend the online Carbon Neutrality Open Forum event on the evening of Wednesday, 21 May from (6:30pm – 8pm).

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Bus stop camera enforcement due to begin on Evington Road

    Source: City of Leicester

    A new CCTV camera is due to begin operating on a busy Leicester road to tackle motorists who illegally park in a bus stop.

    The bus stop clearway, on Evington Road near its junction with Kedlestone Road, is frequently used by motorists illegally parking which causes congestion and slows bus journey times on the busy route.

    Camera enforcement, along with new lines and signs, will be introduced from Tuesday 27 May. For the first two weeks, drivers caught using the bus stop clearway will receive warning notices.

    Enforcement will begin for real on Tuesday 10 June from which time penalty charge notices for £70 will be issued. This will be reduced to £35 if paid within 21 days.

    In all, the work is costing around £50,000, which includes signs and lines, and will be funded through the council’s transport improvement capital budget

    Cllr Geoff Whittle, assistant city mayor for environment and transport, said: “People need to know the buses will run on time and can be relied upon. Keeping the bus clearways and bus stops free of other traffic is key to achieving that.

    “Drivers parking illegally at this busy and well-used bus stop aren’t just causing delays and congestion. They are also potentially putting passengers at risk as they get on and off their buses.

    “We know from where we’ve introduced camera enforcement at other hotspots in the city, it can be a very effective way of tackling problems like this.

    “For the first two weeks, we’ll be warning drivers to ensure they know about the new regulations, before we start issuing penalty charge notices.”

    Once introduced, the new camera enforcement will operate 24 hours a day, 7 days a week.

    A bus stop clearway is part of the carriageway where motorists are not permitted to stop at any time. Camera enforcement of the regulations is permitted under the Traffic Management Act 2004.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Leeds marks German relationship at Dortmund Square

    Source: City of Leeds

    German dignitaries attending UKREiiF have visited Dortmund Square to see how Leeds City Council plans to continue celebrating its twinning relationship with the North Rhine-Westphalia city. 

    The German Honorary Consul, Regina Rosenthal, and Christian Klose, Investor Support Manager – Economic Development Agency Dortmund, were shown around the city centre landmark by Deputy Leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor.

    Councillor Pryor showed the visitors the recently installed place name signage and discussed the council’s plan for new wayfinding boards in the square, which celebrates Leeds’s twin city relationship with Dortmund.

    Above: Dortmund Square.

    Leeds has been officially twinned with Dortmund since 1969. However, the relationship dates to 1949, when the two cities started cooperating to nurture international peace, friendship, and understanding, following years of conflict between the UK and Germany.

    Above: New placename signage in Dortmund Square.

    Dortmund Square, which has a counterpart in its namesake city called Platz von Leeds, is set in the heart of the city centre. The square was officially renamed in 1980 to celebrate the success of the partnership between Leeds and Dortmund and hosts the famous caricature sculpture, Dortmund Drayman, known locally as “barrel man”.  The bronze sculpture was a gift from the Mayor of Dortmund to the people of Leeds.

    Above (L-R):  Christian Klose, Investor Support Manager – Economic Development Agency Dortmund, German Honorary Consul, Regina Rosenthal, and Deputy Leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor

    The German visitors will be joined at UKREiiF later this week by Benedikt Scholz, Director of Internationalisation & Commercial Partnerships at BVB Borussia Dortmund Football Club, who will join a panel to discuss the societal benefits from investment into stadiums, leisure facilities and global events and how these can act as a catalyst for wider investment and regeneration.

     The delegation will also be meeting representatives from Leeds United Football Club to hear firsthand the plans to develop Elland Road stadium and to participate in an interactive Leeds City Council-led event showcasing regeneration projects. 

    Deputy Leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor, said: “It was my great privilege to show Regina and Christian around Dortmund Square and to explain the council’s plans to further celebrate our two cities friendship.

    “I also look forward to welcoming Benedikt Scholz from Borussia Dortmund Football Club and to gaining his insight into how the regeneration and expansion of sporting venues and leisure facilities can attract wider investment and regeneration to Leeds.

    “It is always exciting to showcase how incredible Leeds is to visitors and to discuss the wide-ranging redevelopment plans that will build on Leeds’s reputation as a global city of note.”

    The German Honorary Consul, Regina Rosenthal, said: “As a German living in Leeds and representing my country here, it makes me very proud to see how Leeds celebrates its Dortmund partnership, which has brought so many benefits to both cities over the years.”

    Ends

    MIL OSI United Kingdom

  • MIL-OSI Russia: Express routes in TiNAO have become faster thanks to traffic optimization

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Since July last year, express routes have been operating on Kaluga Highway in TiNAO from the Teply Stan metro station to remote areas. Now the buses are faster, allowing residents to comfortably get to key social and transport facilities.

    “On the instructions of Sergei Sobyanin, we are paying great attention to transport in TiNAO so that all passengers can quickly and comfortably get to the nearest metro stations. For example, we have done a lot of work to speed up express routes on Kaluga Highway. Now passengers save up to four minutes when traveling to the center and up to eight minutes when traveling to the region. This is 10 and 20 percent of the total travel time,” said the Deputy Mayor of Moscow for Transport and Industry

    Maxim Liksutov.

    Kaluga express trains

    Buses E141, E142, E143, E144 and E148 are faster. They go from the Teply Stan metro station, then follow one section to Krasnaya Pakhra, after which they go in different directions: bus E141 goes to the Klenovo estate, E142 to Kuzovlevo, E143 to Kamenka, E144 to Pleskov and E148 to the LMS settlement.

    Last autumn, inspectors from the Traffic Management Centre reconfigured the traffic lights between Krasnaya Pakhra and Troitsk so that vehicles would have to wait less for the green light at intersections. This year, Kaluga Expresses began to run not on the alternate route, but on the main route of Kaluga Highway in the area of Novye Vatutinki.

    As a result, travel time has been reduced by 1.7 times towards the region and by 2.8 times towards the centre. The journey from Troitsk to Krasnaya Pakhra has become 1.3 times faster, and in the opposite direction – 1.2 times faster. Now passengers save up to four minutes when travelling to the centre and up to eight minutes – to the region. This is 10 and 20 percent of the total travel time, respectively.

    The intervals on the common section are from eight to 10 minutes, and the travel time has decreased by 15 minutes compared to the previous routes. To make it easier for passengers to navigate, a special graphic designation has been developed for the routes. All Kaluga Expresses have a common green background, and at the bottom it is complemented by a colored strip indicating the direction.

    Express route network in TiNAO

    Kaluga routes are among the longest in the capital. Between the final stops, buses E142 travel about 80 kilometers, E143 – almost 71.5 kilometers, E141 – about 58.5 kilometers, E148 – a little more than 43.5 kilometers, and E144 – about 43 kilometers. Route E142 reaches almost the Kaluga region and has become the second longest in Moscow. All of them are included in the so-called long-distance routes.

    In January of this year, the express network was expanded. Buses E131 and E132, “medium” routes, connect Troitsk with key points of the transport infrastructure. “Near” expresses E151 and E152 connect the Olkhovaya, Kornilovskaya and Teply Stan metro stations with Novye Vatutinki and Starye Vatutinki.

    Now TiNAO has nine fast and comfortable express routes – a convenient way to get to the metro and large settlements.

    This year, the city plans to continue work on improving the Kaluga Highway road network to make buses even faster and more accessible for Muscovites.

    Four more express routes have appeared in TiNAO

    In accordance with the objectives of the national project “Infrastructure for life” In Moscow, much attention is paid to the modernization of social and municipal infrastructure, including increasing the number of convenient public transport routes and updating the rolling stock. In addition, within the framework of the national project, Moscow has begun developing the Central Transport Hub. It will become a single circuit with predictable suburban rail transport for more than 30 million residents of 11 regions of Russia.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154037073/

    MIL OSI Russia News

  • MIL-OSI Russia: Sobyanin: The number of military-patriotic clubs in schools and colleges has doubled

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The number of military-patriotic clubs in Moscow schools and colleges has doubled. Sergei Sobyanin reported this in his telegram channel.

    “Today, there are already over 400 such associations, where more than 20 thousand children are involved. Under the guidance of experienced mentors, they participate in expeditions, study the history of the country and prepare for military-sports competitions. All this helps them better understand what is behind the history of our Motherland, appreciate their people even more and be proud that we are part of this great country,” the Mayor of Moscow wrote.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    Special attention is paid to search activities. Every year, young Muscovites restore the memory of the heroes of the Great Patriotic War: they find and rebury the remains of soldiers, establish their identities and search for relatives.

    Another important area is air search. The guys go to the crash sites of Soviet planes, looking for fragments of equipment and personal belongings of pilots.

    In addition, schoolchildren and students take care of monuments and memorials.

    Some military-patriotic associations are named after heroes of the Great Patriotic War and the special military operation (SVO). For example, the recently opened club of school No. 1591 is named after Hero of Russia Yevgeny Fadin, a SVO participant who commanded a group of unmanned aircraft. Here, children will find many interesting activities – from studying history in museums to training in basic military training based on games: laser tag and paintball.

    Over time, military-patriotic clubs will appear in all educational institutions of the capital.

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    https: //vv.mos.ru/mayor/tkhemes/12777050/

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  • MIL-OSI Russia: WHO countries vote for resolution calling for global agreement to fight pandemics

    Translation. Region: Russian Federal

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

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

    GENEVA, May 20 (Xinhua) — Member countries of the World Health Organization (WHO) voted here in favor of a resolution calling for a global agreement to improve pandemic preparedness.

    The WHO pandemic treaty and a resolution calling for its adoption are expected to be adopted on Tuesday at a plenary session of the World Health Assembly, the WHO’s top governing body.

    The agreement to combat pandemics, the first of its kind, addresses gaps and inequalities in pandemic prevention, preparedness and response to promote greater collaboration and cooperation, WHO said in a press release.

    “Governments around the world are making their countries and our interconnected global community fairer, healthier and safer from threats posed by pathogens and viruses with pandemic potential,” said WHO Director-General Tedros Adhanom Ghebreyesus. –0–

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  • MIL-OSI Russia: Denis Manturov: The world checks its watches against the standards of Russian metrologists

    Translation. Region: Russian Federal

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

    Previous news Next news

    Denis Manturov took part in the International Metrology Forum and Exhibition “Metrology Without Borders”

    First Deputy Prime Minister Denis Manturov took part in the International Metrology Forum and Exhibition “Metrology Without Borders”.

    Welcoming the participants of the plenary session of the forum, Denis Manturov noted that Russia has come a long way in the development of metrology and confidently maintains its leading positions. Over the past five years, complete independence in the field of primary standards has been ensured. In particular, Denis Manturov called the domestic standard of this most important continuous value a significant contribution to the formation of the international scale of units of time.

    “In essence, the entire world is now checking its watches against the standards of Russian metrologists. It is important not only to maintain the current level of their competence, but also to further improve it. Today, it is obvious that having our own modern, effective metrological infrastructure is one of the elements of technological sovereignty. New challenges require continued modernization of the reference base and development of new generation reference standards,” the First Deputy Prime Minister emphasized.

    Denis Manturov, together with the Minister of Industry and Trade Anton Alikhanov, got acquainted with the key achievements of metrology scientists and the capabilities of domestic manufacturers of measuring instruments. At the Rosstandart stand, specialists from the subordinate All-Russian Research Institute of Physical, Technical and Radiotechnical Measurements demonstrated a high-precision relative gravimeter “Peshekhod”, which measures the values of the gravitational field with an accuracy of up to μGal units, as well as an express method for detecting counterfeit products of the oil and fat industry. In addition, a portable spectrum analyzer SK4M-14 was shown, which allows you to completely abandon foreign measuring instruments, and a set of tools for checking charging stations.

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  • MIL-OSI Russia: Dmitry Chernyshenko: The Juvenile Affairs Service makes a significant contribution to the security of Russia’s future

    Translation. Region: Russian Federal

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

    At the National Center “Russia” in Moscow, Deputy Prime Minister of the Russian Federation Dmitry Chernyshenko greeted the participants of the plenary session of the All-Russian seminar-meeting with the heads of the departments for juvenile affairs (JAD) and temporary detention centers for juvenile offenders of the territorial bodies of the Ministry of Internal Affairs of Russia. The event is dedicated to a significant date – the 90th anniversary of the establishment of the Juvenile Affairs Service

    The All-Russian seminar-conference was opened by the First Deputy Minister of Internal Affairs of the Russian Federation, Colonel General Alexander Gorovoy.

    Dmitry Chernyshenko noted that this date represents decades of selfless work, thousands of saved lives and continuous service to the cause of protecting the most precious thing we have – our children.

    He thanked the staff for their important and responsible work in educating patriotic and socially responsible citizens of our country.

    “This is one of the most important contributions to the future development of our society and a national goal set by President Vladimir Vladimirovich Putin. Your service is a key link in promoting educational initiatives and projects. You instill in the younger generation our traditional spiritual and moral values, form moral guidelines in the children, which are reflected in the decree of our President Vladimir Putin. This is a significant contribution to the security of the future of Russia and the implementation of the state’s strategic priorities,” said Dmitry Chernyshenko.

    He also reported that more than 15 thousand employees on juvenile affairs are included in the coordinated work of municipal and regional commissions on juvenile affairs and protection of their rights. More than 400 thousand children and their parents, who are on various types of records, are included in the system of preventive work annually. This helps to solve the systemic task – to prevent juvenile crime and prevent family problems

    Dmitry Chernyshenko also presented letters of gratitude to the employees of the Ministry of Internal Affairs.

    First Deputy Chief of the Presidential Administration Sergei Kiriyenko sent a greeting to the participants: “I thank you for your dedication, concern and endless self-sacrifice, because often it is you who are the first to extend a helping hand to children and their parents in difficult life situations, influencing the fate of young people in the future.”

    The head of Rosmolodezh Grigory Gurov noted that the prevention of destructive phenomena among young people is built around three key elements: information security, socio-cultural work and the development of opportunities for self-realization of young people.

    “This year, Rosmolodezh has already begun developing a set of measures to prevent negative social manifestations among young people for 2025-2028. We involve young people in volunteering, patriotic education, develop the infrastructure of youth policy, strengthen international cooperation and provide grant support to young authors of socio-economic projects. It is important for us that young people feel the help of the state, can find their path in life and be happy. Our work should help to cultivate immunity to propaganda and romanticization of destructive behavior, create conditions when society itself will actively counteract the spread of antisocial phenomena,” he noted.

    The event was also attended by Deputy Head of the Presidential Administration’s Department for Public Projects Alexey Avetisov, Chairman of the State Duma Committee on Youth Policy Artem Metelev, First Deputy Minister of Education Vladimir Zhelonkin, and Deputy Minister of Science and Higher Education Olga Petrova.

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  • MIL-OSI Russia: Financial news: 05/20/2025, 12:24 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the RU000A100DG5 (EuroplanB6) security were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/20/2025 12:24

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on 20.05.2025, 12-24 (Moscow time), the values of the lower limit of the price corridor (up to 96.64) and the range of market risk assessment (up to 367.52 rubles, equivalent to a rate of 13.5%) of the security RU000A100DG5 (EuroplanB6) were changed

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    HTTPS: //VVV. MEEX.K.M.M.

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  • MIL-OSI Russia: Marat Khusnullin: The government has decided to relaunch the all-Russian competition “Best Municipal Practice”

    Translation. Region: Russian Federal

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

    Prime Minister Mikhail Mishustin signed a resolution amending the regulations on the all-Russian competition “Best Municipal Practice”.

    “The All-Russian competition is one of the effective tools to support the best municipal practices aimed at improving the quality of life of citizens. The government is working to improve the competition. A resolution has been adopted, which transforms two current nominations into new ones – “Improving the efficiency of territorial management” and “Improving the recognition of municipalities (territory brand)”. The new nominations will stimulate the use of new tools for the socio-economic development of municipalities. In addition, they will contribute to the creation of new points of attraction and an attractive image of the territories,” said Deputy Prime Minister Marat Khusnullin.

    The Deputy Prime Minister noted that the competition is intended to replicate successful experiences in municipalities, which will help create comfortable living conditions for people throughout the country.

    The All-Russian competition “Best Municipal Practice” has been held by the Government since 2017.

    The competitive selection in 2025 will be held in 5 nominations: “Urban development policy, improvement and housing and communal services”, “Smart city”, “Strengthening interethnic peace and harmony at the municipal level”, “Increasing the efficiency of territorial management”, “Increasing the recognition of municipalities (territory brand)”.

    1 billion rubles will be allocated to reward the 50 municipalities that won the competition. The results will be announced in the fall of 2025.

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  • MIL-OSI Russia: Financial news: 05/20/2025, 10:42 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the RU000A100DG5 (EuroplanB6) security were changed.

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    05/20/2025 10:42

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC) on 20.05.2025, 10-42 (Moscow time), the values of the lower limit of the price corridor (up to 99.03) and the range of market risk assessment (up to 377.08 rubles, equivalent to a rate of 11.25%) of the security RU000A100DG5 (EuroplanB6) were changed

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    HTTPS: //VVV. MEEX.K.M.M.

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  • MIL-OSI Russia: Marat Khusnullin: 130 agreements were signed at KazanForum

    Translation. Region: Russian Federal

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

    The XVI International Economic Forum “Russia – Islamic World: KazanForum” is aimed at strengthening the comprehensive cooperation between Russia and Muslim states. It was held in Kazan from May 13 to 18.

    “We see that the forum is absolutely in demand and needed both by our country and by the countries of the Islamic world. Every year KazanForum is gaining more and more momentum. This year the program included more than 200 events, including 148 business sessions with the participation of 990 speakers. The forum was a record-breaking one in terms of its effectiveness: 130 agreements and memorandums were concluded on its platform, including 75 international ones, for a total of more than 1 billion rubles,” said Deputy Prime Minister, Chairman of the Organizing Committee for the preparation and holding of the International Economic Forum “Russia – Islamic World: KazanForum” Marat Khusnullin.

    In 2025, representatives from 96 countries and 82 Russian regions took part in the forum events.

    The key topics for 2025 were digitalization of cooperation between Russia and the countries of the Organization of Islamic Cooperation (OIC), international cooperation, a real estate exhibition and conference, sports, the halal industry, Islamic finance and investment, tourism, culture, a female perspective, business, economics, personnel today and tomorrow, science and technology, and media activities.

    A meeting of the strategic vision group “Russia – Islamic world” was held within the framework of KazanForum. The meeting was devoted to issues of youth policy and cooperation in the humanitarian sphere. The meeting was chaired by Rais of the Republic of Tatarstan, Chairman of the strategic vision group “Russia – Islamic world” Rustam Minnikhanov.

    In addition to the meetings of the forum and the Russia-Islamic World Strategic Vision Group, plenary sessions of the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), the international symposium on the Islamic Urban Environment (IBEIS 2025), the International Forum of Chambers of Commerce and Industry, the 11th Kazan Forum of Young Entrepreneurs of the OIC Countries, a meeting of the North-South International Transport Corridor, and a congress of ministers of culture of the Organization of Islamic Cooperation were held. The plenary session was attended by ministers of culture and representatives of the ministries of culture of 12 countries, the Director General of the Department of Public Arts of Iraq, the Chairman of the Organization for Culture and Islamic Relations of Iran, representatives of the embassies of 5 states in the Russian Federation, as well as the Director of the OIC Department of Culture, the Director General of ISESCO and a representative of the League of Arab States in the Russian Federation.

    The forum became the venue for 10 meetings of representatives of Russia and foreign countries in various formats – from pitch sessions to business forums. In particular, events on international cooperation “Russia – UAE”, “Russia – MENA countries”, “Russia – Afghanistan”, “Russia – Turkey”, “Russia – Malaysia”, “Russia – Iran”, “Russia – Tajikistan”, “Russia – Kazakhstan”, “Russia – Qatar” were held.

    The international exhibition Russia Halal Expo was organized for the 8th time within the framework of the forum. This is the largest exhibition in Russia of economic and scientific-technological cooperation of the regions of the Russian Federation and the OIC countries. The exhibition presents 54 stands from 12 countries.

    This year, the International Property Market real estate exhibition was organized for the 2nd time within the framework of KazanForum – a unique platform designed to strengthen international ties and interaction with investors from different countries. The exhibition part of IPM 2025 was spread over an area of more than 1 thousand square meters. The participants of the exhibition were 57 companies, including 29 developers and builders, among which were stands from the UAE, Azerbaijan and Turkey.

    As part of the forum, the opening of the XV All-Russian Forum of Tatar Religious Figures “National Identity and Religion” took place in the Kazan Agro-Industrial Park. The forum traditionally brought together more than 1,000 imams, Islamic scholars, representatives of the clergy, and public figures from 74 regions of the Russian Federation. On the final day of the forum, delegates went to the ancient city of Bolgar, where they took part in the ceremonial event “Izge Bolgar zyeeny”, which brought together about 25,000 people from Russia and abroad.

    “For the Russian Federation, a state that unites many nations and people of different faiths, partnership with the Islamic world has been and remains one of the most important areas of foreign policy. Russia and the countries of the Organization of Islamic Cooperation actively interact on the basis of balanced approaches to a number of global problems, are involved in the formation of a new world order, showing by their example the possibility of a conflict-free dialogue of civilizations,” said the head of the Republic of Tatarstan Rustam Minnikhanov.

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  • MIL-OSI Russia: The government has allocated more than 440 million rubles for the major repairs of a school damaged by a flood in the Orenburg region

    Translation. Region: Russian Federal

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

    Order of May 17, 2025 No. 1238-r

    Document

    Order of May 17, 2025 No. 1238-r

    In 2025, in the city of Orsk in the Orenburg region, major repairs will be carried out and two buildings of secondary comprehensive school No. 24 will be equipped. An order to allocate 440.8 million rubles for these purposes has been signed.

    The buildings were damaged during the flood in 2024. Federal funding will allow the educational process to be restored in the buildings where more than a thousand children studied. School No. 24 is the only educational complex in one of the microdistricts of Orsk.

    The funds were allocated from the Government’s reserve fund. They will be provided to the region as a one-time financial aid within the framework of the state program “Education Development”.

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  • MIL-OSI Asia-Pac: President Lai interviewed by Nippon Television and Yomiuri TV

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai delivers address on first anniversary of taking office  
    On the morning of May 20, President Lai Ching-te delivered an address on the first anniversary of his taking office. In his address, the president stated that the Taiwan of today is a Taiwan of the world, and whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. He said that, looking forward, we will not cower in the face of challenges; rather, we will bravely march forward into the future. We will maintain solidarity, he emphasized, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly.  President Lai stated that moving forward, the government will set up a fund to boost Taiwan’s economic momentum. He also stated that he will be instructing the national security team to initiate a major national security briefing for the chairs of opposition parties, in the hope that leaders of all parties can prioritize our nation’s interests and uphold our nation’s security so that we can tackle our nation’s challenges side by side. A translation of President Lai’s address follows: Yesterday, outside of Beida Elementary School in New Taipei City’s Sanxia District, there was a major traffic accident that, sadly, claimed several lives and resulted in multiple injuries. The Executive Yuan immediately formed a task force, and last night I personally visited the victims in hospital. Central government agencies and the local government will cooperate to provide assistance to the victims’ families. They will work as quickly as possible to determine the cause of the accident and assess areas for improvement, so as to prevent reoccurrence of accidents like this. Today, let me express my deepest condolences to the bereaved families for the unfortunate loss of life and my hope for the quick and full recovery of those injured. The purpose of government is to serve the people. I want to thank the people of Taiwan for entrusting me, one year ago today, with the responsibility of leading the nation bravely forward. I want to thank all my fellow citizens for working hand in hand with the government over this past year. Together, we have overcome numerous challenges to ensure that our nation will keep moving forward.  As we face three major challenges that receive international attention and create the largest impact on our citizens: climate change, the promotion of health, and social resilience, I decided to establish three committees at the Presidential Office. In each committee, we have thus far seen incremental progress. We are working to align ourselves with international standards. The voluntary bottom-up plans of different government agencies plus the top-down approach of the Executive Yuan National Council for Sustainable Development’s Net Zero Emissions Transition Taskforce have produced 20 flagship carbon reduction projects for six major sectors. The government is expected to continue to inject over NT$1 trillion in the budget for the net-zero transition by 2030; and we expect to spur at least NT$5 trillion in private green investment and financing as we work toward the new 2035 NDC target for emissions reductions of 38±2 percent. Taiwan’s air quality has been steadily improving. From 2015 to today, the annual average PM2.5 concentration has dropped from 21.82 to 12.8 μg/m3. Taiwan officially began collecting fees for its carbon fee system this year. With firm resolve, a steady pace, and flexible strategies, we will work to realize the vision of net-zero transition by 2050; and together with the world we will pursue sustainable growth and prosperous development. To address the challenges in the post-pandemic world, we are establishing a national center for disease prevention and control, strengthening our central pandemic response. To promote health for all, we are promoting cancer screening, establishing a fund for new cancer drugs, and launching the five-year, NT$48.9 billion Healthy Taiwan Cultivation Plan. This year, we significantly increased the total National Health Insurance budget by NT$71.2 billion to achieve sustainable NHI development. We aim to create a Healthy Taiwan, keeping people healthy and making the nation stronger so that the world embraces Taiwan. We are also hard at work to enhance our whole-of-society defense resilience. In addition to continuing to assess various aspects of preparedness at the national level and conduct field verification, we have concerted the efforts of various ministries to propose 17 major strategies to respond to national security and united front threats, uniting our people to resist division and protecting our cherished free and democratic way of life. Recently, the Executive Yuan made special budget allocations of NT$410 billion, of which NT$150 billion is aimed to enhance national resilience. On this, we look forward to mutual support from the ruling and opposition parties. As our nation continues on the path forward, challenges and obstacles will continue to emerge. Early last month, the United States announced its new tariff policy, and in response I proposed five major strategies. I also launched industry listening tours, with the aim of working alongside industries to overcome challenges and open up new opportunities. The Executive Yuan is also soliciting opinions from all sectors as quickly as possible to put forward a special act to enhance the resilience of Taiwan’s national security. The annual surplus will be utilized in the special budget allocations totaling NT$410 billion to not only support industries and stabilize employment, but also strengthen the economy, protect people’s livelihoods, enhance resilience in homeland security, and ensure that Taiwan’s industries continue to steadily advance amidst changing circumstances. Notably, in our discussions across different industries, all sectors advocated against raising electricity prices and were in support of government subsidies for Taiwan Power Company. These would offset Taipower’s losses from subsidies to support people’s livelihoods and for industrial electricity usage since the COVID-19 pandemic and Russo-Ukrainian War, both strengthening its finances and stabilizing electricity prices. We look forward to cooperation among the ruling and opposition parties to pass the Executive Yuan’s special budget. All sectors hope to maintain a stable power supply. As energy security is national security, ensuring a stable power supply while developing more forms of green energy is, whether now or in the future, one of the government’s most important tasks. Aside from the issue of electricity prices, the Taiwanese people have also been closely following the recent Taiwan-US tariff negotiations. The first round of in-person talks have concluded, and tariff negotiations are currently still going smoothly. The government will uphold the principles of ensuring national interests and safeguarding industry development, under no circumstances sacrificing any one sector. We will stand firm on Taiwan’s position and, from the basis of deepening Taiwan-US economic and trade relations, strive for optimal negotiation results in a well-paced, balanced manner. Taiwan shares democratic values with our democratic partners around the world. When combined with our adherence to free market principles to foster mutual prosperity, those values are our greatest assets. They form a protective umbrella that allows Taiwanese businesses to unleash their vitality and energy. They are also the most significant mark of distinction between us and authoritarian regimes. For many years now, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation, spurring mutual growth. Among friends, there is always some friction; but that friction is always resolvable. Just as it says in the Bible, “As iron sharpens iron, so one person sharpens another.” Through mutual exchange, friends can smooth out their shortcomings and further hone their strengths. Even when differences arise, so long as there is a foundation built on trust and honest dialogue, friends can better understand one another and further deepen their bonds. Now, Taiwan’s market is global; its stage is international. Going forward, we will hold firm to our democratic values and expand into diverse markets. First, Taiwan’s economic path is clearly established. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. In recent years, Taiwan has updated investment protection agreements with such countries as the Philippines, India, Vietnam, and Thailand, and signed a foreign investment promotion and protection arrangement with Canada. Moving forward, we will endeavor to sign investment protection agreements and double taxation avoidance agreements with our friends and allies. Second, Taiwan’s trade strategy is clearly defined. We will extend our market connections with the US and other free, democratic nations, expanding our presence worldwide. To that end, we have completed the signing of the first agreement under the Taiwan-US Initiative on 21st-Century Trade and signed an enhanced trade partnership arrangement with the United Kingdom. We are in active negotiations on trade agreements with other countries, and we continue to seek admission to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and other mechanisms for regional economic integration. Third, we must ensure that Taiwan’s economy is export-led while expanding domestic demand, concurrently prioritizing strong technological R&D and upgraded traditional industries, and boosting software development, production, and manufacturing. We must also continue tapping into Taiwan’s strengths to attract international firms here to invest and collaborate. In just the past few years, Entegris opened a new manufacturing facility in Kaohsiung, Micron launched a new facility in Taichung, and Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been expanding their presence here. And yesterday, Nvidia even announced that it will establish an overseas headquarters in Taiwan. Through such collaboration across borders, we are introducing advanced technology from overseas and engaging in international R&D. We will build Taiwan into an even more resilient economy. Moving forward, the government will set up a fund to boost Taiwan’s economic momentum. With our sights set on the whole globe, we will invest in international markets, while the government will also set up a sovereign wealth fund and build a national-level investment platform. We will make full use of Taiwan’s industrial advantages and, with the government taking the lead and synergizing private-sector enterprises, expand our global presence and link with major target markets of the AI era. Domestically, we will bolster local supply chains and strengthen industries’ ability to adapt to changing circumstances. The government will enhance the functions of the National Development Fund to achieve industrial restructuring and assist domestic industries and small- and medium-sized enterprises with upgrading and transformation, raising international competitiveness and consolidating domestic industry foundations. My fellow citizens, our market and our values are defined by democracy. Democracy is also a display of our national strength. Taiwan was once the country with the world’s longest martial law period, but now, we are a beacon for democracy in Asia. Our past generations, through valiant sacrifice and devotion, bravely resisted authoritarianism and pursued democracy. Today’s younger generations are able to proactively engage in politics, protect the nation, further entrench democracy, and strive for a diverse Taiwan through all manner of constitutional and legal means, without fear of difficulty. This is the democratic Taiwan we take pride in. I am confident that no one Taiwanese would give up their free and democratic way of life. And no president can abandon the values of freedom and democracy. On the path of democracy, Taiwan never relied on the mobilization of hate; rather, it relied on the participation and coming together of citizens. We do not fear differences in opinion because the core of democracy is about finding, within difference, unity. I have always believed that democratic disputes are resolved through greater exercise of democracy. Over the past year, despite the domestic political situation, ruling and opposition parties formed a delegation to attend the inaugural ceremonies of the president and vice president of the US, demonstrating that democratic Taiwan stands united for deepening Taiwan-US ties. I also, in accordance with the powers granted me by the Constitution, convened a national policy meeting with the heads of the five branches of government, with the hope of achieving reconciliation and encouraging cooperation. I have always been willing, with open arms, to work hard for cross-party dialogue and strengthened cooperation among our political parties. That is why I will be instructing our national security team to initiate a major national security briefing for the chairs of opposition parties. It is hoped that leaders of all parties, regardless of political stance, can prioritize our nation’s interests and uphold our nation’s security; and grounded in shared facts, we can openly and honestly exchange views and discuss matters of national importance, so that we can tackle our nation’s challenges side by side. Later today is the opening ceremony of COMPUTEX TAIPEI, an event that will be closely followed in the international community. Taiwan, as the world’s silicon island, is a central pillar in the global economy and the field of AI, and this event will therefore attract important tech industry figures from around the world. Once a small-scale expo initially held near Taipei’s Songshan Airport, COMPUTEX has continued to grow in scale over the past 40-plus years, and now marks an important milestone in the development of global technological innovation. COMPUTEX is a microcosm of the Taiwan story, an achievement that the people of Taiwan share. The Taiwan of today is a Taiwan of the world. Whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. My fellow citizens, we do not cower in the face of challenges; rather, we bravely march forward into the future. As the saying goes, success is 30 percent destiny and 70 percent hard work. We will maintain solidarity, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly. That is the spirit of us Taiwanese. We will keep working together in solidarity and meet challenges with firm strides, making Taiwan a global beacon, a pilot for world peace, and a force for global prosperity. Thank you.  

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

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

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    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

    Details
    2025-05-02
    President Lai meets Atlantic Council delegation
    On the afternoon of May 2, President Lai Ching-te met with a delegation from the Atlantic Council, a think tank based in Washington, DC. In remarks, President Lai said that we have already proposed a roadmap for deepening Taiwan-US trade ties to achieve a common objective of reducing all bilateral tariffs. At the same time, the president said, we will expand investments across the United States and create win-win outcomes for both sides through the trade and economic strategy of “Taiwan plus the US.” The president also emphasized that Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. He expressed hope that, given shared economic and security interests, Taiwan and the US will generate even greater synergy and prove to be each other’s strongest support. A translation of President Lai’s remarks follows: I welcome you all to Taiwan. In particular, Vice President Matthew Kroenig visited Taiwan last June and now is making another trip less than a year later. He also contributed an important article supporting Taiwan to a major international publication, highlighting the concern that our international friends have for Taiwan. We are truly moved and thankful. On behalf of the people of Taiwan, I sincerely thank all sectors of the US for their longstanding and steadfast support for Taiwan. Especially, as we face the challenges arising from the regional situation, we hope to continue deepening the Taiwan-US partnership. Holding a key position on the first island chain, Taiwan faces military threats and gray-zone aggression from China. We will continue to show our unwavering determination to defend ourselves. I want to emphasize that Taiwan is accelerating efforts to enhance its overall defense capabilities. The government will also prioritize special budget allocations to increase Taiwan’s defense spending from 2.5 percent of GDP to more than 3 percent. This reflects the efforts we are putting into safeguarding our nation and demonstrates our determination to safeguard regional peace and stability. During President Donald Trump’s first term, Taiwan purchased 66 new F-16V fighter jets. The first of these rolled off the assembly line in South Carolina at the end of this March. This is crucial for Taiwan’s strategy of achieving peace through strength. In the future, we will continue to procure defense equipment from the US that helps ensure peace and stability across the Taiwan Strait. We also look forward to bilateral security collaboration evolving beyond arms sales to a partnership that encompasses joint research and development and joint manufacturing, further strengthening our cooperation and exchanges. Taiwan firmly believes in fair, free, and mutually beneficial trade ties. Indeed, we have already proposed a roadmap for deepening Taiwan-US trade ties. This includes our common objective of reducing all bilateral tariffs as well as narrowing the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. At the same time, we will expand investments across the US. We will promote our “Taiwan plus one” policy, that is, the new trade and economic strategy of “Taiwan plus the US,” to build non-red supply chains and create win-win outcomes for both sides. As the US is moving to reindustrialize its manufacturing industry and may hope to become a global manufacturing center for AI, Taiwan is willing to join in the efforts. Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. We have every confidence that, given shared Taiwan-US economic and security interests, we can generate even greater synergy and prove to be each other’s strongest support. In closing, I thank Vice President Kroenig once again for leading this delegation, demonstrating support for Taiwan. I look forward to exchanging opinions with you all in just a few moments. I wish you a smooth and successful trip. Vice President Kroenig then delivered remarks, first thanking President Lai for hosting them. He said that it is an honor to be here and to lead a delegation from the Atlanta Council, which consists of a mix of former senior US government officials with responsibility for Taiwan and also rising stars visiting Taiwan for the first time. Vice President Kroenig said that they are here at a critical moment, as there is an ongoing war in Europe, multiple conflicts in the Middle East, and increased Chinese aggression in the Indo-Pacific. Moreover, he pointed out, the regimes of China, Russia, Iran, and North Korea are increasingly working together in a new axis of aggressors. Vice President Kroenig indicated that the challenge facing the US and its allies and partners, including Taiwan, is how to deter these autocracies and maintain global peace, prosperity, and freedom, especially in Taiwan, whose security and stability matter, not only for Taiwan, but also for the US and the world. Vice President Kroenig assured President Lai and the people of Taiwan that the US is a reliable partner for Taiwan. The vice president stated that the administration under President Trump is prioritizing the deterrence of China, and that President Trump has announced an intention to have the largest US defense budget in history, more than US$1 trillion, to resource this priority. Pointing out that an America-first president will not help a country that is not helping itself, Vice President Kroenig said that their delegation has been impressed with the steps President Lai and the administration are taking to strengthen Taiwan’s security, including increasing defense spending, developing a societal resilience strategy, and using cutting edge technologies like unmanned systems to promote indigenous defense production. Vice President Kroenig said that more than money and equipment are necessary to secure a democracy against a powerful and ruthless neighbor, adding that history shows that the human factor is the most important. In the end, he said, it will be the will of the people of Taiwan to resist coercion and to defend their home which will be the most important factor determining the future fate of Taiwan and for the ability of the people of Taiwan to chart their own destiny. Vice President Kroenig emphasized that Americans are willing to support Taiwan in this endeavor, but it will be the people of Taiwan and strong and capable leaders like President Lai at the forefront of this struggle, with the firm support of America. Vice President Kroenig said that as the US and Taiwan work together on these challenges, the Atlantic Council looks forward to offering support behind the scenes. Founded in 1961 to support the Transatlantic Alliance, he said, the Atlantic Council is a global think tank, and part of its DNA is working closely with friends and allies in the Indo-Pacific, including Taiwan. He said they look forward to continuing their close and longstanding cooperation with Taiwan through visiting delegations, research and reports, and public and private events. In closing, Vice President Kroenig thanked President Lai again for hosting them and for the work he is doing to secure the free world. The delegation also included former Deputy Assistant Secretary of Defense for East Asia Heino Klinck and former Director for Taiwan Affairs at the White House National Security Council Marvin Park.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Fraudulent websites and internet banking login screens related to Shanghai Commercial Bank Limited

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).

    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites or login screens concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

    MIL OSI Asia Pacific News