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Category: Economics

  • MIL-OSI Economics: Secretary-General of ASEAN visits Pavilions of ASEAN Member States and Timor-Leste at World Expo 2025

    Source: ASEAN

    While participating in the World Expo 2025, Secretary-General of ASEAN, Dr. Kao Kim Hourn, visited Pavilions of the ASEAN Member States and Timor-Leste. SG Dr. Kao received a warm welcome from each head of delegation, whom he symbolically presented the stamps for the ASEAN Trail Challenge. While each pavilion has its own distinct focus, they collectively aspire to a future that is more resilient, prosperous, and inclusive.

    The post Secretary-General of ASEAN visits Pavilions of ASEAN Member States and Timor-Leste at World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General of ASEAN meets with State Minister of Economy, Trade, and Industry of the Cabinet Office of Japan

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with H.E. KOGA Yuichiro, State Minister of Economy, Trade, and Industry of the Cabinet Office of Japan, on the margins of the World Expo 2025. Both sides expressed their commitment to strengthen ASEAN-Japan economic relations, in line with objectives in the Comprehensive Strategic Partnership.

    The post Secretary-General of ASEAN meets with State Minister of Economy, Trade, and Industry of the Cabinet Office of Japan appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General of ASEAN visits Japan Pavilion at World Expo 2025

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this evening paid a visit to the Japan Pavilion to conclude his engagements, at the World Expo 2025. Themed ‘Between Lives,’ the pavilion emphasizes the transformative cycles found in plants, animals, and societies, presenting a vision of a fulfilling life that acknowledges and honors the worth of all living beings. 2025 sees Japan’ sixth participation in the World Expo.

    The post Secretary-General of ASEAN visits Japan Pavilion at World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General of ASEAN officiates ASEAN Pavilion at World Expo 2025 in Osaka

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, officiated the ASEAN Pavilion this morning, at the Osaka, Kansai, Japan- World Expo 2025.

    Themed ‘Building Bridges,’ the pavilion showcases the multifaceted work of ASEAN, offering associated entities, centres, and partners with a platform to promote their efforts in advancing sustainable development across the region.

    In his address, Dr. Kao underscored collaboration in pursuit of the common good serves as the foundational cornerstone upon which we can build a brighter future. Representatives of the ASEAN Member States and Timor-Leste Pavilions as well as the ASEAN Committee in Tokyo were in attendance. 2025 heralds ASEAN’s second participation in the World Expo.

    The post Secretary-General of ASEAN officiates ASEAN Pavilion at World Expo 2025 in Osaka appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary General of ASEAN meets with Deputy Governor of Osaka Prefecture at World Expo 2025

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with Mr. MORIOKA Takekazu, Deputy Governor of the Osaka Prefecture, during his visit to the Osaka Healthcare Pavilion. During their meeting, Dr. Kao congratulated the Government of Japan for the much-anticipated World Expo 2025, which opened on 13 April 2025. He also commended the ongoing bilateral cooperation between Osaka and several cities in ASEAN, and expressed confidence in Osaka’s strong industrial and innovative ecosystem to drive ASEAN-Japan economic relations in the years to come.

    The post Secretary General of ASEAN meets with Deputy Governor of Osaka Prefecture at World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General of ASEAN speaks to Shanghai Media Group at the World Expo 2025

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this afternoon noon spoke to the Shanghai Media Group, on the sidelines of the World Expo 2025. Dr. Kao noted ASEAN’s second participation in this world expo strives to advance the region’s social, cultural and economic cooperation, among others. The ASEAN Pavilion is open from 13 April to 13 October 2025.

    The post Secretary-General of ASEAN speaks to Shanghai Media Group at the World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General of ASEAN holds a pull-aside meeting with Chief Executive Officer of AirAsia brand co. at the World Expo 2025

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today held a pull-aside meeting with Mr. Rudy Khaw, Chief Executive Officer of the AirAsia brand co., on the margins of the World Expo 2025. Dr. Kao commended AirAsia’s pivotal role in promoting regional connectivity, integration, and tourism, aligning ASEAN’s goals of enhancing economic growth and cooperation among member states. AirAsia is at the World Expo 2025 to join the ASEAN Trail Challenge launch, a stamp rally adventure that invites visitors to explore unique gems and untapped potentials of each member states.

    The post Secretary-General of ASEAN holds a pull-aside meeting with Chief Executive Officer of AirAsia brand co. at the World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General of ASEAN holds a pull-aside meeting with Chief Executive Officer of AirAsia brand co

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today held a pull-aside meeting with Mr. Rudy Khaw, Chief Executive Officer of the AirAsia brand co., on the margins of the World Expo 2025. Dr. Kao commended AirAsia’s pivotal role in promoting regional connectivity, integration, and tourism, aligning ASEAN’s goals of enhancing economic growth and cooperation among member states. AirAsia is at the World Expo 2025 to join the ASEAN Trail Challenge launch, a stamp rally adventure that invites visitors to explore unique gems and untapped potentials of each member states.

    The post Secretary-General of ASEAN holds a pull-aside meeting with Chief Executive Officer of AirAsia brand co. at the World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: CBB Welcomes Delegation from the Ministry of Foreign Affairs’ “Dhiyafa” Program

    Source: Central Bank of Bahrain

    CBB Welcomes Delegation from the Ministry of Foreign Affairs’ “Dhiyafa” Program

    Published on 13 April 2025

    Manama, Bahrain – 13 April 2025: The Central Bank of Bahrain (CBB) hosted a delegation of participants from the fifth International Diplomats Program “Dhiyafa” on Thursday, 10th April 2025 at its headquarters. The initiative is organised by the Mohamed bin Mubarak Al Khalifa Academy (MBMA) for Diplomatic Studies under the Ministry of Foreign Affairs.

    Mr. Yousef Rashid Al Fadhel, Executive Director of Corporate Services at CBB, received the delegation which consisted of 23 diplomats. In his opening address, he highlighted the importance of these initiatives in enhancing communication and the exchange of expertise between Bahrain and other nations.

    During the visit, Mr. Mohammed Al Sadiq, Head of Financial Stability at CBB, presented an overview of the institution’s mandate and its commitment to maintaining regulatory oversight in the sector. He also outlined the key objectives of the Financial Services Sector Development Strategy 2022 – 2026. Following his session, Ms. Sarah Ehsan Faraj, Director of the Currency Issue Directorate, delivered a presentation on the issuance of the commemorative silver coin minted on the occasion of the Silver Jubilee of His Majesty King Hamad bin Isa Al Khalifa, marking 25 years of His Majesty’s reign. The visit concluded with a tour of the Currency Museum housed within the CBB’s premises.

    On the occasion, Mr. Yousef Rashid Al Fadhel, commented: “In line with our commitment to contributing towards meaningful national initiatives, we were pleased to offer the delegates an in-depth perspective into the CBB’s pioneering role in supporting the Kingdom’s financial sector. We also commend this vital endeavour, which serves to stimulate the interflow of ideas and build stronger connections with diplomats from different backgrounds as they explore Bahrain’s rich history and cultural legacy.”

    Launched in 2019, “Dhiyafa” was the recipient of the inaugural Government Innovation Competition (Fikra) award in 2018. Since then, it has welcomed 91 officials from 47 nations. Designed as a comprehensive experience that combines academic learning with practical engagement, the program seeks to enhance bilateral relations between Bahrain and the participating countries by showcasing the Kingdom’s progress across diverse fields.

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  • MIL-OSI Economics: Secretary-General of ASEAN participates in Philippines Pavilion launch at World Expo 2025

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, attended the Philippines Pavilion launch this morning, at the Osaka, Kansai, Japan- World Expo 2025.

    The pavilion seeks to facilitate cultural exchange, foster business cooperation, and promote forward-thinking initiatives at this event. 2025 sees the Philippines’ fifth participation in the World Expo.

    The post Secretary-General of ASEAN participates in Philippines Pavilion launch at World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General attends Reception celebrating World Expo 2025 in Osaka

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this evening joined the reception celebrating the Opening of World Expo 2025, along with other local and international dignitaries from Japan and from around the globe. The reception was presided over by Their Imperial Highnesses Crown Prince and Princess as well the Prime Minister of Japan. Themed ‘Designing Future Society for Our Lives,’ the event is set to be a significant occasion that encourages global innovation and collaboration.

    The post Secretary-General attends Reception celebrating World Expo 2025 in Osaka appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Secretary-General of ASEAN participates in Cambodia Pavilion launch at World Expo 2025

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, attended the Cambodia Pavilion launch this late afternoon, at the Osaka, Kansai, Japan – World Expo 2025.

    Themed ‘Saving Lives,’ in reflection of its location in the Expo site, the pavilion was officiated by H.E. Samheng Bora, Secretary of State of the Ministry of Commerce of Cambodia, and H.E. Tuy Ry, Ambassador Extraordinary and Plenipotentiary of Cambodia to Japan, was also in attendance.

    The pavilion showcases Cambodia’s economic potentials and cultural heritage, accentuated by the world-renowned Angkor Archaeological Park. 2025 marks Cambodia’s fifth participation in the World Expo.

    The post Secretary-General of ASEAN participates in Cambodia Pavilion launch at World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: Deputy Secretary-General of ASEAN meets with the Advisory Board of the ASEAN-Australia Centre

    Source: ASEAN

    Deputy Secretary-General of ASEAN for Community and Corporate Affairs, H.E. Nararya S. Soeprapto, had a meeting with the Advisory Board of the ASEAN-Australia Centre at the ASEAN Headquarters/ASEAN Secretariat today. Both sides exchanged views on the role and activities of the Centre in strengthening business, education, cultural and community connections between ASEAN and Australia in support of advancing the ASEAN-Australia Comprehensive Strategic Partnership.

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  • MIL-OSI Economics: Secretary-General of ASEAN attends Opening Ceremony of the World Expo 2025

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this afternoon joined dignitaries around the globe in Osaka for the Opening Ceremony of the World Expo 2025. The event was officially declared open by Mr. TOKURA Masakazu, Chairman of the Japan Association of the World Exposition 2025, and was broadcasted live nationwide by the Japan Broadcasting Corporation. Their Majesties the Emperor and the Empress of Japan, and the Prime Minister of Japan were also in attendance and gave congratulatory remarks.

    Japan is a founding member of the Bureau International des Expositions, the organising body of this quinquennial event, and has hosted three World Expos to date. The Expo runs from 13 April to 13 October 2025.

    The post Secretary-General of ASEAN attends Opening Ceremony of the World Expo 2025 appeared first on ASEAN Main Portal.

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  • MIL-OSI Economics: More human-centered retail with AI

    Source: Microsoft

    Headline: More human-centered retail with AI

    Retail has always been about people and processes coming together to deliver unique and relevant shopping experiences. Now with AI, retailers can enhance engagement, delight customers, and empower employees to solve problems like never before. Imagine the potential for significant gains from AI investments across retail operations—from increased productivity and faster employee onboarding to improved skills development and streamlined store processes. These improvements lead to happier associates and more satisfied customers.

    By using more intuitive, natural interfaces to knowledge and information, retailers can start addressing some of retail’s age-old challenges—like finding and retaining the best talent, getting them up to speed quickly, and simplifying store operations so associates can focus on delighting and assisting shoppers.

    Accelerate retail growth with Microsoft Cloud for Retail

    No matter the size of the retailer, choosing which AI technologies to prioritize and where to start can be challenging. However, there are many ways retailers are now using AI to deliver measurable value and real return on investment (ROI). Research shows that for every $1 a company invests in generative AI, the ROI is 3.7 times across industries and regions (compared to 3.5 times in 2024).1 Top leaders using generative AI are realizing significantly higher returns, with an average ROI of $10.30—nearly three times more.1

    To build a foundation for AI success, focus on your business strategy—how AI supports your business goals. Start by identifying the business outcomes you’re aiming for and how AI can help you achieve them.

    Here’s a glimpse into how you can start making gains with your AI investments today by focusing on store operations and the frontline.

    The frontline is first in line with AI

    As the face of retail, frontline workers play a crucial role in the shopper experience. According to recent research by McKinsey, there is a strong relationship between the employee and customer experience, as empowered employees are more likely to deliver superior customer service.2 Yet many frontline workers spend too much time searching for information, and this is one of the top five reported obstacles to their productivity.3

    Generative AI offers significant potential for enhancing frontline productivity and wellbeing, with evidence that most frontline workers think it could help, and they would be comfortable using AI for administrative tasks.3 Generative AI can automate routine tasks, allowing associates to engage more with customers. This shift can lead to a more stimulating work environment, which leads to higher job satisfaction and can help retailers combat ongoing challenges with employee turnover, seasonal hiring, and training.

    At a more macro level, generative AI can also allow retailers to continuously learn and feed insights back into their business processes and to grow their products, services, and competitive differentiation. Retailers can do that by identifying patterns in recurring employee questions so they can get to the root cause of operational challenges and address key gaps in training and store processes.

    Here are some other ways retailers are using generative AI today:

    • Swedish retailer Lindex created Lindex Copilot to offer tailored support to store associates and better understand store needs. Generative AI facilitates this bidirectional learning.
    • MediaMarktSaturn lets associates to have voice conversations with generative AI, accessing details for every product, service, and warranty while staying engaged with the in-store customer, maximizing conversion and increasing customer satisfaction—all while wearing an earbud.
    • Store associates at gourmet chocolatier Venchi use detailed product knowledge and customer insights to address the diverse chocolate preferences of shoppers, achieving a customer satisfaction score of 4.9 out of 5.

    While generative AI technologies are still relatively new, these examples offer a glimpse of what’s possible, and help retailers build an AI foundation for more powerful capabilities emerging with agentic AI.

    Agents are revolutionizing retail operations

    Investing in generative AI is crucial for retailers looking to reinvent customer engagement, empower store leadership and employees, and stay competitive—and now that opportunity has skyrocketed with agents.

    Agents use AI to automate and execute business processes, working alongside or on behalf of a person, team, or organization. Now retailers can leverage agents to help their teams work more efficiently and effectively by giving them faster access to information so they can better support customers and be more productive.

    Agents vary in levels of complexity and capabilities depending on the need. Agents can help frontline workers with a variety of time-saving tasks—from quickly surfacing real-time product information or details about store policies and procedures to support Q&A or troubleshooting. In addition to helping speed information retrieval, agents can help frontline workers with more advanced features like automated task creation or even advising and summarizing information—such as listing open tasks for a shift handover or flagging missed communications. Agents can also operate independently to dynamically plan, orchestrate other agents, and learn to improve over time. For example, an automated stock transfer agent might scan sales velocity across multiple stores and automatically transfer goods between locations if one store is oversupplied while another is understocked, minimizing manual intervention.

    Find in-the-moment answers fast

    One important way to get business value from agents is to help store associates find information about company policies or procedures when a customer is waiting for an answer.

    SharePoint agents can help store associates find quick answers from internal company sources in seconds. Using the power of natural language, associates simply ask what they’re looking for on their tablet or mobile device and the agent responds in natural language with a link to the policy documentation for reference.

    These agents go beyond information retrieval to also generate step-by-step instructions, synthesize product information, and support frontline managers to create and smart-assign shifts, and auto-validate task completion.

    Agents can help associates reduce customer wait time, increase information accuracy, and possibly facilitate sales.

    Simplify store processes

    Complex business processes are another ongoing operational challenge and opportunity for custom agents to help improve productivity.

    Custom-built agents can help retailers connect to external data sources and systems so store associates can find information such as product inventory availability in or near their store, shipping status, or how to initiate a return.

    Frontline workers simply ask, “Help me initiate a return,” and the agent guides them through the process by clarifying the worker’s intent and providing them with next steps, all through a chat interface.

    Custom agents are best suited to also streamline complex workflows like task management, that often involves multiple steps. Using custom agents built with Microsoft Copilot Studio, frontline workers can easily create a task and send it through a task management system that sends automatic alerts as needed, all from a single pane of glass.

    Meeting you where you are on your AI journey

    Microsoft offers AI solutions that you can customize to meet your unique needs and scale. There are several ways agents can be deployed, from no code to low code and pro code. Here are a couple options available today.

    Microsoft 365 Copilot Chat is a new offering that adds pay-as-you-go agents to our existing free chat experience for Microsoft 365 commercial customers. Copilot Chat empowers retailers to get started on their AI journey today and includes querying the public web (such as a retailer’s website) for free. To enhance Copilot Chat, retailers can also build custom agents using Copilot Studio and SharePoint agents that enable access to retail systems such as enterprise resource planning (ERP), customer relationship management (CRM), and product information management (PIM), and to documents on SharePoint. These paid agents are available on a metered basis, so you only pay for what you use.

    Store Operations Agent is a pre-built agent available on Copilot Studio enabling retailers to get started fast with a prebuilt solution that acts as an “associate” to your store associate. With this agent, retail employees can:

    • Access data from LOB systems: Look up product inventory, check order status, find customer information and compare products.
    • Access store policies and procedures: Quickly find answers to questions from knowledge bases such as SharePoint, websites, and across select internet portals.
    • Raise incidents for quick resolution: Connect to incident management tools by using more than 1,000 connectors in Power Platform to raise incidents and alert store teams.

    Using Store Operations Agent, employees at leading Nordic retailer Kappahl can quickly and securely surface product information, store policies and procedures, and more, increasing store associate productivity and upleveling the shopping experience for customers.

    A new era of retail fueled by AI, powered by people

    The range of potential gains with AI extends across retail operations—from people to processes to customers, helping make retail more human at every step of the way. From delighting shoppers to helping associates feel more supported and productive, AI can boost store operations efficiency, creating an environment where both shoppers and workers thrive.

    Savings achieved using AI can be reinvested to create a better employee experience, fostering a work environment where employees are enthusiastic ambassadors of the brand, bringing the life of the store to customers every day.

    Microsoft is the proven leader for AI transformation with the full technology stack and portfolio to help retail and consumer goods organizations power their business with AI. We can help you assess your agent environment, ideate on agent use cases, and establish success criteria for evaluating ROI so you can decide what agent is best for you.

    Learn more

    Learn more about how these forward-thinking companies are driving ROI with Microsoft 365 Copilot and agents—and illuminating the path ahead for every organization.

    Microsoft Cloud for Retail

    Connect your customers and your data

    1 Generative AI delivering substantial ROI to businesses integrating the technology across operations: Microsoft-sponsored IDC report – Middle East & Africa News Center.

    2How retailers can build and retain a strong frontline workforce in 2024.

    3Work Trend Index: Will AI Fix Work?

    MIL OSI Economics –

  • MIL-OSI Economics: The ultimate guide to Microsoft Security at upcoming RSAC 2025 event

    Source: Microsoft

    Headline: The ultimate guide to Microsoft Security at upcoming RSAC 2025 event

    So you just finished watching Microsoft Secure. That means by now, you’ve heard about our new protections for AI and Microsoft Security Copilot agents. These innovations will be the focus of Microsoft Security’s sessions and activities at RSACTM 2025 Conference (RSAC 2025).  

    The can’t-miss conference is just around the corner. Microsoft Security is bringing an exciting lineup of sessions, expert panels, and exclusive networking opportunities to empower security professionals in the era of AI. Our entire presence at RSAC 2025 is designed to help you boost your AI skills so you can stay ahead of threats and manage security more effectively.  

    Whether you’re interested in protecting all your AI investments, AI-driven security, threat intelligence, or securing cloud environments, we’ve got something for you. To help you plan your time from Sunday, April 27 to Thursday, May 1, 2025, in San Francisco, here’s a quick and easy guide to all the key Microsoft Security moments at RSAC 2025.

    Microsoft Pre-Day | 4:00 PM – 6:00 PM | Palace Hotel 

    For the fourth year in a row, Microsoft Pre-Day kicks off the full lineup of Microsoft events and activities throughout RSAC 2025. We will host these at the Microsoft Security Hub at Palace Hotel, just a short walk from Moscone Center.  

    Hear directly from Microsoft Security leaders as they share reporting on emerging cyberthreat trends and the product innovations designed to protect against them. See the lineup below:  

    • Vasu Jakkal, Corporate Vice President (CVP), Microsoft Security Business 
    • Charlie Bell, Executive Vice President, Microsoft Security 
    • Sherrod DeGrippo, Director of Threat Intelligence Strategy 
    • Dorothy Li, Corporate Vice President (CVP), Microsoft Security Copilot 
    • Ann Johnson, Corporate Vice President (CVP) and Deputy CISO 
    • And more.  

    Register for Pre-Day today.  

    Networking Reception | 6:00 PM – 8:30 PM | Microsoft Security Hub, Palace Hotel, Second Floor 

    Stick around after Microsoft Pre-Day to attend the Networking Reception—a lively evening designed to connect with the security community, engage with Microsoft leaders, and exchange ideas in a relaxed atmosphere. It’s the perfect way to kick off an inspiring week at RSAC 2025. 

    On Monday we ease into things by focusing on what’s new all around. We’ll share lots of goodness about agents and our new innovations announced in March. 

    Security Demo Experience at the Microsoft Security Booth #5744 | All day, every day | Moscone Center North Expo Hall  

    Monday is the first day to explore the show floor. Stop by the Microsoft Security Booth #5744 in Moscone Center North Expo Hall to explore live demos, meet Microsoft Security experts, and get hands-on with the latest tools. 

    Become a defender against cyber threats in a fast-paced, interactive game. You’ll be a part of a mission, navigating realistic incident response scenarios using Microsoft Security solutions, including our new AI Agents. Engage in quick skill challenges and wrap up with expert insights. Are you ready to beat the bad actors? 

    Keynote: Security in the Age of Agentic AI | 4:40 PM | Moscone Center (West Stage) 

    Agentic workflows will dramatically reshape what is possible in security. By enabling more complex problem-solving, agent collaboration, and iterative learning, agentic AI will empower a new paradigm for security that was once the domain of science fiction. Vasu Jakkal will take an imaginative look at the future of security AI agents, and the very human-driven way they will change the game. 

    Microsoft Sessions at RSAC 2025 | All day | Moscone Center 

    Our top Microsoft Security experts were chosen by RSAC to share their insights and best practices to help you level up your own security strategy. These sessions are designed for learning, not selling. So, you’ll hear more about what’s happening in the security space and less about products. 

    • Practical Strategies for Security Architecture in a Changing World​ @ 8:30 AM – 9:20 AM 

    This session will delve into the core pillars of security architecture and share practical strategies that uphold foundational principles. Will discuss holistic system thinking and provide a practical playbook for navigating the complexities of security architecture while maintaining a focus on the fundamentals and essential considerations for a secure digital environment. 

    Speaker: Abhilasha Bhargav-Spantzel, Partner Security Architect, Microsoft 

     

    • RSAC Innovation Sandbox @ 9:30 AM – 12:40 PM ​ 

    Ten of cybersecurity’s boldest new innovators compete in Innovation Sandbox for the title of “Most Innovative Startup.” ISB celebrates 20 years & spotlights startups with potentially game-changing ideas. The Finalists have 3 minutes to share groundbreaking products & solutions with a panel of judges. Interact first-hand with these companies as the judges deliberate before the winner is crowned. 

    Speakers: Christopher Young, Executive Vice President, Business Development, Strategy and Ventures, Microsoft; David Chan, Managing Director, Morgan Stanley; Dorit Dor, Chief Technology Officer, Check Point Software Technologies; Niloofar Razi Howe, Operating Partner, Capitol Meridian Partners; Hugh Thompson, Executive Chairman & RSAC Conference Program Committee Chair, RSAC; Paul Kocher, Researcher, Independent Researcher; and Nasrin Rezai, SVP & CISO, Verizon 

     

    • AI Era Authentication: Securing the Future with Inclusive Identity @ 1:10 PM – 2:00 PM 

    This session explores the security and usability risks of authentication techniques for users with diverse needs. Emergence of AI agents, a new user identity acting on our behalf, also necessitates a rethink of authentication methods. Discover AI-era authentication using sensors like location and behavior and learn about the shift from active to passive authentication with prototypes in action.  

    Speakers: Abhilasha Bhargav-Spantzel, Partner Security Architect, Microsoft and Aditi Shah, Senior Data & Applied Scientist, Microsoft 

     

    • DPRK Remote IT Workers – Have You Hired One and Are You at Risk? @ 2:20 PM – 3:10 PM 

    The DPRK actively deploys remote IT workers to generate revenue for the regime while circumventing sanctions. DPRK IT workers pose risks to companies, including insider access, potential intellectual property theft, and exposure to other malicious cyber activity. This panel will discuss best practices for identifying and preventing the hiring of DPRK IT workers. 

    Speakers: Greg Schloemer, Senior Threat Intelligence Analyst, Microsoft; Elizabeth Pelker, Special Agent, FBI; Chris Horne, Director, Trust & Safety Intelligence & Investigations, Upwork; Adam Meyers, SVP Intelligence, CrowdStrike; and Bryan Vorndran, Assistant Director, FBI 

     

    Microsoft Expert Sessions | All day Monday – Wednesday | Microsoft Security Hub at the Palace Hotel (Second Floor) 

    Don’t miss our deep-dive sessions happening at the Microsoft Security Hub. Build your AI cybersecurity skills as Microsoft Security experts will share what they’ve learned and provide insights you can apply in your own organization. 

    • Harnessing Diversity – Strengthening the Cybersecurity Workforce in the Age of AI ​@ 10:30AM – 11:30AM​ 

    Speakers: Amanda Minnich, Principal Research Manager, Microsoft; Nicole Ford VP, Customer Security Officer, Microsoft; Kyla Guru, Founder/CEO, Bits N’ Bytes Cybersecurity Education; Tanell Ford, Assistant General Counsel, Microsoft; and Sherrod Degrippo, Directory of Threat Intelligence Strategy, Microsoft 

     

    • Reshaping SecOps for the Cloud AI Era @ 10:30AM – 11:30AM​ 

    Speakers: Scott Woodbridge, General Manager, Product Marketing, Microsoft and Corina Feuerstein, Principal Product Manager for Copilot in Defender and Sentinel 

     

    • Practical use of CoPilot AutoFix to address Security Backlog @ 12:00PM – 1:30PM​ 

    Speakers: Alexis Wales, CISO, GitHub and Marcelo Oliveira, VP, Product Management, GitHub 

     

    • Executive Lunch: Scaling Compliance for Global Regulations @ ​12:00PM – 1:30PM​ 

    Speakers: Bret Arsenault, CVP, Chief Cybersecurity Advisor, Microsoft  

     

    Theatre Sessions | Location: Microsoft Security Booth #5744 

    Here’s where we talk products. These 15-20 minute informal, come-and-go sessions run all day at the Microsoft Security booth. They’re demo-heavy product showcases to help you learn how to better use the tools you’ve got now. 

    • Identity Security in the Era of AI with Security Copilot @ 5:35PM – 5:55 PM 
    • Security Copilot Agents: Autonomous, adaptive, with you in control @ 6:05PM – 6:25 PM 
    • From Risk to Resilience: The Next Evolution in Multicloud Security @ 6:35 PM– 6:55PM 

    MISA Awards| Location: Microsoft Security Hub at the Palace Hotel (Second Floor) 

    It’s time to suit up in heroic attire for an epic celebration at the 6th annual Microsoft Security Excellence Awards! Just like the Avengers, assembling to save the world, we’re coming together to honor the extraordinary achievements of our MISA members who work so diligently to protect customers from external threats!  Congratulations to the incredible finalists for the sixth annual Microsoft Security Excellence Awards presented by MISA! 

    Customer Meetings | Location: Microsoft Security Hub at the Palace Hotel (Second Floor) 

    Take advantage of the opportunity to connect with Microsoft Security experts and enhance your cybersecurity knowledge. From April 28 to April 30, 2025 customers and CISOs can schedule one-on-one meetings at the Palace Hotel to discuss your most pressing security product and threat intelligence questions. Secure your spot by visiting the Microsoft Security Experiences at RSAC 2025 Home Page.  

    Tuesday is the busiest day of the conference, with lots of choices in front of you, so plan ahead. 

    Keynote: AI Safety: Where Do We Go From Here? | 8:30 AM | Moscone Center (West Stage) 

    During this keynote session, Google, Microsoft, NVIDIA, and the UK AI Safety Institute leaders come together for this blockbuster panel to explain the evolving landscape of AI safety. Attendees will gain insights into key developments in AI safety that should matter to organizations, its intersection with existing security initiatives, and time-tested approaches to translate AI safety to practice.  

    Speakers: Ram Shankar Siva Kumar, Data Cowboy, Microsoft; Jade Leung, Data Cowboy, Microsoft; and Daniel Rohrer, VP Software Product Security, Architecture & Research, NVIDIA 

     

    Microsoft Sessions at RSAC 2025 | All day | Moscone Center 

    RSAC has chosen top Microsoft Security experts to share insights and best practices, letting you learn about the latest in security without the sales pitch. 

    • Incident Response Dilemmas: Sharing Intel Across Sectors in Critical Times​ @ 9:40 – 10:30 AM ​ 

    An incident may be a singular event affecting one entity. What happens when it affects our critical infrastructure and has the possibility of sector-wide impact and cascading effects? How do companies share information and meet regulatory expectations? The session will dive into the work that financial services companies, the government, and cloud service providers are taking to mature IR. 

    Speakers: Ann Johnson, CVP & Deputy CISO, Customer Security Managment Office, Microsoft; Ted Conklin, Chief AI Officer & Deputy Assistant Secretary, US Treasury; Heather Hogsett, Senior Vice President, Deputy Head of BITS, Bank Policy Institute; and Erez Liebermann, Partner, Debevoise & Plimpton LLP 

     

    • XPIA Attacks – Rethinking Defense in Depth for an AI-Powered World @1:15 – 2:05 PM​ 

    As adversaries rapidly develop sophisticated AI attacks, the solutions also need to evolve rapidly. This panel will explore Cross/Indirect Prompt Injection Attacks (XPIA) and the need to rethink traditional defense in depth strategies. Gain insights into XPIA trends, risk analysis, and innovative solutions to protect critical infrastructure. Join for practical strategies and expert insights.  

    Speakers: Abhilasha Bhargav-Spantzel, Partner Security Architect, Microsoft; Aanchal Gupta, CVP, Microsoft; John Leo, Jr, Managing Director – Threat and Vulnerability Management Leader, EY; and Stefano Zanero, Professor, Politecnico di Milano 

     

    • A Year(ish) of Countering Malicious Actors’ Use of AI: What Have We Learned? @ 2:25 –3:15 PM​ 

    Artificial Intelligence has changed the game when it comes to how cyber adversaries operate, and how defenders respond. This panel will explore lessons learned from the past year of countering malicious cyber actors’ use of AI, challenges and limitations of legal actions involving AI, and what roadblocks might appear going forward as AI, and the actors who use it, continues to evolve. 

    Speakers: Sherrod DeGrippo, Director, Threat Intelligence Strategy, Microsoft; Morgan Adamski, Executive Director, US Cyber Command; Cynthia Kaiser, Deputy Assistant Director, FBI; and Sean Newell, Chief, National Security Cyber Section, National Security Division, Department of Justice 

     

    Microsoft Expert Sessions | All day | Monday – Wednesday Location: Microsoft Security Hub at the Palace Hotel (Second Floor) 

    Join Microsoft Security product leaders as they share their learnings and how you can apply them in your organization.  

    • Defending Against Modern Threats: Enhancing Endpoint Security and IT Resilience @ 8:00AM – 9:30AM 

    Speakers: Archana Devi Sunder Rajan, Partner Group Product Manager, Microsoft and Peter M. Thompson, Principal PM Manager, Microsoft   

    • Secure and Govern AI to safeguard your data, reduce risks, and support compliance @ ​10:30AM – 11:30AM​ 

    Speakers: Herain Oberoi, GM, Data & AI Security, Microsoft; Rudra Mitra, Corporate Vice President, Microsoft Purview; and Neta Haiby, Director of AI Security, Microsoft 

    • Microsoft Security Copilot @ 12:00PM – 1:30PM 

    Speaker:  Dorothy Li, CVP, Microsoft Security Copilot

    • Secure your data in the era of AI with Microsoft Purview @ 2:30PM – 3:30PM 

    Speakers: Talhah Mir, Principal Group Product Manager, Microsoft Purview and Maithili Dandige, Partner Group Product Manager, Microsoft Purview 

    • ​AI and Automation Panel: The Startup Innovation for Enterprise Resilience – moderated by FC @ 2:30PM – 3:30PM 

    **Attendees will have the opportunity to receive a copy of FC’s book, How I Rob Banks, and the chance to have it signed by the author at the end of the session.

    Speakers: Kevin Magee, Director Cybersecurity Startups, Microsoft for Startups; FC, Co-founder & CEO, Cygenta; Shane Coleman, Chief Data Security Evangelist; Christ “Tito” Sestito, CEO, HiddenLayer; Ravid Circus, Co-founder & CPO, Seemplicity; and Jeremy Vaughan, CEO, Start Left Security 

     

    Theatre Sessions | Location: Microsoft Security Booth #5744 

    Stop by the Microsoft Security booth to catch a short demo of your favorite product. 

    • See Beyond Silos and Protect Better with Microsoft Security Exposure Management 11:00 AM –11:20 AM              
    • Accelerate your Zero Trust journey with the Microsoft Entra Suite 11:30 AM – 11:50 AM 
    • Automating Vulnerability Management: The Power of “Endpoint Vulnerability Remediation Agent” in Microsoft Intune 12:00 PM – 12:20 PM  
    • From Risk to Resilience: The Next Evolution in Multicloud Security 12:30 PM – 12:50 PM 
    • Accelerating post-breach deep content analysis and mitigation with Microsoft Purview @ 1:00 PM – 1:20 PM  
    • Microsoft Sentinel Uncovered: Advanced Capabilities to Transform the SOC @ 1:30 PM – 1:50 PM     
    • Protect AI Workloads from Code to Runtime with Microsoft Defender for Cloud @ 2:00 PM – 2:20 PM    
    • Security Copilot Agents: Autonomous, adaptive, with you in control @ 2:30 PM – 2:50 PM 
    • Unified SecOps: Defending Critical Infrastructure with Microsoft Defender @ 3:00 PM – 3:20 PM  
    • Be Fast as Lighting: Automate Microsoft Defender XDR and Microsoft Sentinel Service Delivery @ 3:30 PM – 3:50 PM  
    • Mastering Cloud Threats: Detect, Investigate, and Respond in real-time with Microsoft Defender for Cloud and Defender XDR integration @ 4:00 PM – 4:20 PM  
    • Practical Strategies for Securing AI-Driven Data: Enhancing Cyber Resilience and Insider Risk Management @ 4:30 PM – 4:50PM  
    • Secure and govern access to GenAI apps with the Microsoft Entra Suite @5:00 PM – 5:20 PM  
    • Bolster your SOC with Microsoft’s Managed Extended Detection and Response (MXDR) @ 5:30 PM – 5:50PM  

    Networking and Fun | Location: Microsoft Security Hub at the Palace Hotel (Second Floor) 

    • Secure & Sip: DevOps Edition @ 4:30PM – 6:30PM  

    Speaker: Alexis Wales, CISO, GitHub 

    Gather with GitHub’s security leaders and experts for meaningful conversations, thoughtfully crafted cocktails, and a custom ramen bar to round out your day at RSAC. 

    Customer Meetings | Location: Microsoft Security Hub at the Palace Hotel (Second Floor) 

    Day 2 of meetings with Microsoft Security experts continues. Secure your spot by visiting the Microsoft Security Experiences at RSAC 2025 Home Page.  https://MicrosoftSecurityEvents.eventbuilder.com/MicrosoftRSAC2025events?source=blog_techcomm 

    As the conference starts to wrap up, don’t miss your chance to get hands-on with Microsoft Security solutions and ask questions at the Hub and booth and in 1:1 meetings. 

    Microsoft Sessions at RSAC 2025 | Location: Moscone Center 

    • Guardians of the Cyber Galaxy: Allies Against AI-Powered Cybercrime​ @ 8:30 – 9:20 AM  

    ​AI is revolutionizing cybercrime, putting traditional defenses to the test. Expert panelists unite to detail innovative public-private strategies and real-world case studies from their experience in INTERPOL, the FBI, Microsoft, and the Privacy & Cybersecurity Group of an international law firm. Gain actionable insights to protect the global community and fortify cybersecurity defenses.  

    Speakers: Sean Farrell, Lead Counsel, AI Strategy, Digital Crimes Unit, Microsoft Corporation; Garylene Javier, Privacy & Cybersecurity Counsel, Crowell & Moring LLP; Craig Jones, Immediate Past Director Cybercrime, INTERPOL; and Andrew Sczygielski, Supervisory Special Agent, Federal Bureau of Investigation 

     

    • Green and Sustainable AI for Cybersecurity​ @1:15 – 2:05 PM​ 

    The session will consider the carbon cost of AI and analytics. It will focus on the estimated energy and carbon costs of many cybersecurity use cases and approaches that can be taken to build more sustainable solutions. This will be illustrated through the use of a threat hunting and detection analytical solution and how that could be designed to be most power efficient.  

    Speakers: Lesley Kipling, Chief Security Advisor, Microsoft and Sian John, CTO, NCC Group 

     

    • Scaling AppSec With an SDLC for Citizen Development​ @ 1:15 – 2:05 PM​ 

    AppSec programs are difficult. Filled to the brim with vulnerabilities. Overloaded staff and inadequate budget. The common “solution” is to narrow scope and focus on crown jewels and their devs. Increasing the scope to 100x devs and 1000x apps surprisingly worked, resulting in program remediation of >50K vulnerabilities in 3 months. 18K of them in a single night. This session will show how. 

    Speakers: Ryan McDonald, Principal Program Manager, Microsoft and Michael Bargury, Co-Founder & CTO, Zenity 

     

    Microsoft Expert Sessions | All day Monday – Wednesday | Location: Microsoft Security Hub at the Palace Hotel (Second Floor) 

    Don’t miss the final few Microsoft Security focused sessions at our Hub. 

    • Threat intelligence trends and insights panel: Exclusive briefing from Microsoft Threat Intelligence @10:30AM – 11:30AM​  

    Speakers: Sherrod De Grippo, Director of Threat Intelligence Strategy, Microsoft; Jeremy Dallman, Senior Director of Security Research in Microsoft Threat Intelligence; and Steven Masada, Assistant General Counsel, DCU 

    • Secure access for your employees with Entra Suite @ ​10:30AM – 11:30AM​ 

    Speaker:  Irina Nechaeva, General Manager, Identity and Network Access 

    • Securing the AI Powered Enterprise Executive Panel Lunch @​12:00PM – 1:30PM​ 

    Speakers: Bret Arsenault, Chief Cybersecurity Advisor, Microsoft; Brandon Dixon, Partner Product Manager, Security AI Strategy, Microsoft; Manny Sahota, Director, Global Cloud Privacy, Microsoft; Herain Oberoi, General Manager, Data Security, Governance, Compliance, Privacy Business and Marketing, Microsoft; and Sarah Bird, Chief Product Officer of Responsible AI, Microsoft 

     

    Theatre Sessions | Location: Microsoft Security Booth #5744 

    Don’t miss your chance to see demos and ask questions casually at the booth. 

    • Make Windows endpoints more secure and prevent downtime 11:00 AM – 11:20 AM            
    • Unlocking Opportunities: A Guide to Partnering with Microsoft 11:30 AM – 11:50 AM            
    • EY Security Copilot Empowered Solutions 12:00 PM – 12:20 PM 
    • Microsoft Security Copilot: Protect at the speed and scale of AI 12:30 PM – 12:50 PM           
    • Phishing-Resistant Authentication, Trusted Onboarding & Recovery @ 1:00 PM – 1:20 PM 
    • Building a multi-layered approach to data security SOC @ 1:30 PM – 1:50 PM     
    • Secure your email and collaboration tools against sophisticated cyber attacks @ 2:00 PM – 2:20 PM  
    • The latest intelligence on North Korean remote IT workers @ 2:30 PM – 2:50 PM 
    • Secure and govern M365 Copilot with Microsoft Purview @ 3:00 PM – 3:20 PM 
    • Proactively Mitigate Risks with Microsoft Security Exposure Management @ 3:30 PM – 3:50 PM 
    • Windows 365: The security of Windows, the scale of the cloud@ 4:00 PM – 4:20 PM 
    • Shift your SOC from manual incident response to automatic attack disruption @ 4:30 PM –4:50PM  
    • A Look Inside Microsoft’s Secure Future Initiative: Progress, Innovations, and Best Practices @ 5:00 PM – 5:20 PM 
    • Simplifying Data Security for the Modern Network with Microsoft Purview and Netskope One @ 5:30 PM – 5:50 PM 

    Customer Meetings | Location: Microsoft Security Hub at the Palace Hotel (Second Floor) 

    It’s your final chance to ask your questions and give your suggestions directly to Microsoft Security experts. Book your meeting here: Microsoft Security Experiences at RSAC 2025 Home Page. 

    Microsoft Sessions at RSAC | Location: Moscone Center 

    Last but certainly not least. 

    • Shaping Cybersecurity: How Regulation Shapes Operational Cyber Defense​ @ 10:50 – 11:40AM​  

    In 2024, elections and growing cyberthreats pushed cybersecurity to the forefront of government priorities. The panel will explore governments’ efforts to strengthen cybersecurity and resilience through regulation, the impact on operational cyber defense, and discuss where greater alignment is possible. Attendees will gain an understanding of the quickly evolving global regulatory landscape.  

    Speakers: Ted Maurer, Senior Director, Global Cybersecurity Policy, Microsoft; Christiane Kirketerp de Viron, Director for Digital Society, Trust & Cybersecurity, DG Connect, European Commission; Ari Schwartz, Managing Director, Cybersecurity Services, Venable LLP; Josephine Wolff, Associate Professor of Cybersecurity Policy, Tufts University, The Fletcher School; and Florian Schütz, Director, NCSC – National Cybersecurity Centre 

     

    • Taking the Fight Upstream: Pursuing Systemic Defense Against Phishing​ 12:20 – 11:10 PM​  

    Three decades into the public internet, cybercrime is booming and phishing remains a key vector. With AI-enhanced attacks rising, common users are increasingly ill-equipped to defend themselves. What can be done upstream to protect society? This session explores systemic defense strategies across the ICT ecosystem that hold the potential for significant ecosystem-wide impact.

    Speakers: Kelly Bissell, CVP Security & Fraud, Microsoft; Tal Goldstein, Head of Strategy, World Economic Forum Centre for Cybersecurity; Steven Kelly, Chief Trust Officer, Institute for Security and Technology; and Kemba Walden, President, Paladin Global Institute, Paladin Capital Group  

     

    • Fraud, Risk, Hollywood & Government—A Strategy for AI Across Industry 12:20 – 11:10 PM 

    ​Dive into the high-stakes world of AI as the experts in this session unravel AI’s game-changing roles in Hollywood, government, and finance. Experience firsthand revolutionary strategies, ethical showdowns, and futuristic trends set to redefine industry landscapes. Get ready for a session that’s as dynamic and ambitious as a Hollywood blockbuster! 

    Speakers: Vishal Amin, GM, National Security Group, Security; Gurpreet Bhatia, Acting Deputy CIO for Cybersecurity, Acting CISO, DOD; David Mahdi, CIO, Transmit Security; and Scott Mann, Film Director & Co-Founder/Co-CEO, Flawless 

    • Generative AI Meets Identity Governance: Automating the Overlooked​ @ 1:30 – 2:20 PM​ 

    Identity governance is often the last thing to be implemented and rarely gets the attention it deserves due to its complexity. This session will explore how Generative AI agents can help overcome this by automating critical but often deprioritized tasks like role mining and identity lifecycle management, particularly addressing the challenges of managing ‘movers’ within organizations.  

    Speakers: Angelica Faber, Sr Security Architect, Microsoft and Wesley Kuzma, Architect Manager, Microsoft 

     

    Theatre Sessions | Location: Microsoft Security Booth #5744 

    Catch the last day of theater sessions. 

    • How Enterprises will Continue to Learn from Open Source 11:00 AM – 11:20 AM  
    • Creating Bespoke Identity Governance Solutions with Microsoft Entra Suite 11:30 AM – 11:50 AM  
    • Identity-first security: Using an event-based approach for threat remediation @ 12:00 PM – 12:20 PM 
    • Securing and governing Agents built-in Microsoft Copilot Studio @ 12:30 PM – 12:50 PM 
    • Azure Platform Security in an Evolving Threat Landscape @ 1:00 PM – 1:20 PM 

    How to Make the Most of Microsoft Security at RSAC 2025 

    Plan Ahead: Bookmark this blog to easily find the things that interest you the most. 

    Visit the Booth: Engage with our security experts and experience live demos.

    Follow Along Online: Stay updated by following Microsoft Security on LinkedIn and X. 

    Book a Meeting: Want to connect 1:1 with a Microsoft Security expert? Secure your spot by visiting the Microsoft Security Experiences at RSAC 2025 Home Page. 

     

    See you at RSAC 2025! 

    MIL OSI Economics –

  • MIL-OSI Economics: Goods Council addresses trade concerns and future work, elects new Chair

    Source: WTO

    Headline: Goods Council addresses trade concerns and future work, elects new Chair

    Trade concerns
    The CTG reviewed 35 specific trade concerns (STCs), four of which were raised at the Council for the first time. The new trade concerns were (in alphabetical order):
    European Union – Proposal for a Regulation on Fluorinated Greenhouse Gases (F-gas), Amending Directive
    India – Measures That May Have Unintended Results Equivalent to Quantitative Restrictions
    Philippines – Export Restrictions on Minerals in Their Raw Form
    United States – Reciprocal Tariffs and Other Tariff Measures
    On the first item, the United States and Japan raised concerns regarding the development and implementation of the EU regulation in question.
    On the second item, Thailand expressed concern regarding delays in the issuance of standard marks and import licenses in India for certain products, including wood-based boards and viscosity fibres.
    On the third item, Japan and the United Kingdom raised concerns regarding a bill in the Senate of the Philippines which they said would impose export restrictions on raw minerals.
    On the fourth item, China raised concerns regarding the recent tariff measures announced by the United States. China said that the tariffs ran counter to WTO rules and undermined the multilateral trading system, and it called upon all WTO members to stand together in safeguarding the rules-based system. Twenty members took the floor to comment. Many expressed concerns about the negative economic impact of the tariffs and their compatibility with WTO rules. Many also stressed the importance of resolving trade disputes through dialogue and cooperation within the WTO framework.
    The United States delivered a separate statement on its tariff duties announcements of 2 and 9 April under “other business”. It said that, on 2 April, US President Donald Trump had declared a national emergency under domestic law due to the extraordinary threat to US national and economic security arising from conditions reflected in large and persistent annual US goods trade deficits. The United States said it was not altering or abrogating its WTO tariff bindings or commitments, but rather was taking action it considered necessary for the protection of its essential security interests, and was maintaining the measure pursuant to the essential security exception in the WTO Agreement.
    China replied that it regretted that the US measures had introduced uncertainty into the global economy; there were no winners in the trade war, China said, adding that it was essential to resolve this issue within a cooperative framework. No other member took the floor.
    Trade concerns previously raised in the CTG have covered a wide range of measures relating to trade in goods across the WTO membership, including non-tariff barriers, environmental policies, import taxes, import/export restrictions, national security, halal certification, subsidy schemes, export controls, sanitary and phytosanitary (SPS) measures, discriminatory domestic taxes, administrative procedures, and trade-disruptive and -restrictive measures.
    They have also encompassed a wide range of sectors, including agriculture, semi-conductors and semi-conductor-manufacturing equipment, and food products, as well as specific products, such as critical minerals, electric vehicles, electric batteries, liquors, air conditioners, apples and pears, cheese, pulses, cosmetics and tyres.
    The full agenda of the meeting is available here.
    Appointment of officers to the subsidiary bodies of the Council for Trade in Goods
    Regarding the election of chairs for the CTG’s 14 subsidiary bodies, the outgoing CTG Chair, Ambassador Clare Kelly of New Zealand, reported on the process and informed members that consultations would continue with a view to finding consensus. Once this was reached, the new Chair would reconvene the meeting to address this agenda item only.
    Future work of the Goods Council
    The Chair reported on the 25 February informal dedicated session on managing trade concern discussions, at which members further discussed ideas and proposals that had been put forward by delegations, as well as on the second informal session on digital tools used in the CTG and its subsidiary bodies, which was held on 7 April.
    The CTG then considered a draft Decision on the recording of the resolution of trade concerns. The Decision would allow for the recording of positive resolutions, based on the existing practices of the Committees on Sanitary and Phytosanitary Measures (SPS) and Technical Barriers to Trade (TBT). Discussions will continue.
    Secretariat report on status of notifications
    The WTO Secretariat presented a new report on the status of regular/periodic and one-time only notifications in the goods area by members to the CTG. Transparency is a fundamental WTO principle, requiring members to notify various elements of their trade-related measures and policies to the WTO.
    The report reveals an overall submission rate of 77.2 per cent for covered notification requirements, with a higher compliance rate of 82.3 per cent for one-time notifications, and a lower rate of 68.9 per cent for regular/periodic notifications. Detailed submission rates for least-developed country (LDC) members were also provided.
    Several members took the floor to thank the Secretariat for the report and the analysis contained therein.
    Other issues
    The United States raised what it considered to be systemic concerns that the WTO Secretariat was not properly informing and consulting with members prior to undertaking certain activities that are relevant to members’ work in the CTG and its subsidiary bodies. The United States called for a collaborative effort among members to create formal guidance and ensure that the Secretariat remained member-driven, including seeking approval, where appropriate, before engaging in such activities.
    Nineteen members took the floor to comment. In the exchanges, many members reflected the value that they placed on the technical work of the Secretariat, with a shared concern for improving its transparency and communication with WTO members, while balancing the need for efficient Secretariat operations. Several members expressed concerns about any requirement that the Secretariat obtain member approval before undertaking knowledge activities.
    Replying on behalf of the WTO Secretariat, Deputy Director-General Angela Ellard highlighted the launch of a comprehensive transparency portal for members and ongoing efforts to keep them informed about Secretariat activities and to seek their views. The Secretariat remains committed to serving all members impartially and transparently, while continuously improving its services, based on member feedback, DDG Ellard added.
    Election of the Chair
    At the conclusion of the meeting, members elected Mr. Gustavo Nerio Lunazzi of Argentina as Chair of the Goods Council for the upcoming work year.
    The outgoing Chair, Ambassador Clare Kelly of New Zealand, noted that the Goods Council meeting had, as usual, taken place in room W of the WTO, the same room in which General Agreement on Tariffs and Trade (GATT) negotiators forged the multilateral trading system that members know today, and in which the first important GATT meetings took place. Whenever delegates walk into this room, she said, they should remember that they are walking through history, and have a responsibility not only to preserve, but also to enhance and adapt the legacy of our predecessors to new challenges.

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    MIL OSI Economics –

  • MIL-OSI Economics: WTO members elect new chair for services negotiations

    Source: World Trade Organization

    At the meeting, following the prior endorsement of his nomination by the General Council on 18 February 2025, Ambassador Abdulhamid was formally elected Chair of the CTS SS. Members took the floor to express their commitment to working with the new Chair to reinvigorate the work of the Special Session. 

    Deputy Director-General Johanna Hill congratulated Ambassador Abdulhamid on his new role, saying: “With his significant experience in diplomacy and trade policy, as well as his leadership in different WTO bodies, I am confident that Ambassador Abdulhamid will guide the work of the Special Session with great skill and efficiency.”

    Ambassador Abdulhamid succeeds Ambassador Zhanar Aitzhan of Kazakhstan. He paid tribute to his predecessor’s leadership and contributions during her tenure from 2018 until the 13th WTO Ministerial Conference (MC13), held in February/March 2024.

    In his first statement as Chair, Ambassador Abdulhamid emphasized the critical role of services in driving economic growth and addressing global challenges. “From my personal experience, I have come to appreciate that services are fundamental for economic development. The current international environment is challenging, but I think it is important to consider that services are the bigger part of our economies and a growing share of world trade. For many reasons, services – and services trade – will be a bigger part of our future”, he said. “Despite current challenges, it is important to maintain a long-term perspective, and to think about what we want to achieve in this organization, and of its usefulness.”

    The new Chair emphasized both the built-in mandate under the GATS to further open up trade in services and the guidance provided by ministers at MC13. In the Ministerial Declaration adopted in Abu Dhabi, ministers noted the sector’s critical role in the global economy, acknowledged the importance of discussions in both the regular and special sessions of the Council, and committed to reinvigorate work.

    Ambassador Abdulhamid noted that MC14 is fast approaching. “As ministers will meet at MC14 in less than a year, now is the time to reflect and exchange on the path forward,” he said. He announced his intention to begin consultations with delegations in the coming weeks to hear their suggestions how on to reinvigorate work in the special session and move forward under the built-in agenda under Article XIX, including with a view to preparing for MC14.

    More information on services negotiations is available here.

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    MIL OSI Economics –

  • MIL-OSI Economics: China gives USD 500,000 to support WTO-led training programmes for developing economies

    Source: WTO

    Headline: China gives USD 500,000 to support WTO-led training programmes for developing economies

    Channelled through the WTO Global Trust Fund, China’s contribution will help support developing economies in deepening their expertise on WTO issues and enhance their skillset to effectively negotiate and implement trade rules.
    Over the past 10 years, the Global Trust Fund has covered on average 50 per cent of the costs of WTO trade-related technical assistance and training activities, covering areas such as agriculture, services and trade facilitation.
    MOFCOM DG Han said: “China firmly upholds the multilateral trading system with the WTO at its core. Recognizing the important role technical assistance plays in helping developing economies, especially LDCs, better integrate into the multilateral trading system, China has been supporting these activities for many years. China will continue to deepen cooperation with the WTO Secretariat to make the WTO more inclusive.”
    Dr Bright said: “Trade plays a key role in furthering the development objectives of economies around the world. I thank China for its generous support, which will help ensure that government officials from developing economies and LDCs can gain the skillsets needed to harness international market opportunities to drive job creation and economic growth for their people.”
    Over the past 15 years, China has contributed close to CHF 9 million (close to USD 10.5 million) to assist developing members and observers – including LDCs – in integrating into the multilateral trade system.

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    MIL OSI Economics –

  • MIL-OSI Economics: In a world of trade tensions, what do tariffs really do?

    Source: World Trade Organization

    Trade policy tensions are escalating fast. In recent months, several large economies have announced or implemented sweeping new tariffs, reviving a policy tool that many thought to have been largely relegated to the past. These developments have sparked a flurry of political commentary – but behind the headlines, there exists a body of economic research that helps to make sense of what tariffs actually do.

    At their core, tariffs are simple: they raise the domestic price of imported goods. But their effects ripple through the economy in complex ways – altering prices, wages, exchange rates and trade patterns. As governments revisit this powerful lever, understanding the economic mechanisms at play has never been more important.

    At the most basic level, a tariff is a tax on imported products. It drives a wedge between the world price and the domestic price. For instance, if a 10 per cent tariff is imposed on a product with a world price of US$ 100, the domestic price becomes US$ 110. The difference – US$ 10 – is collected as tariff revenue, which the government can use to finance its expenditures.

    Tariffs can also affect the world price of a product, particularly when they are imposed by a large economy. The logic is that higher domestic prices reduce domestic demand, which in turn lowers world demand, and thus world prices. In our example, the world price might fall to $95 after the tariff is imposed, resulting in a domestic price of $104.50. In this case, part of the tariff is effectively paid by foreign producers.

    This cost-shifting creates incentives for large economies to unilaterally impose tariffs. However, this so-called optimal tariff argument overlooks the possibility of retaliation. If country A imposes tariffs on country B, country B has an incentive to respond in kind. The end result is a trade war that leaves both sides worse off.

    This logic underpins the leading theory of trade negotiations. If all economies attempt to benefit at each other’s expense, everyone ends up worse off – and this creates incentives for cooperative trade policymaking. The economics literature on trade policy has shown that the core WTO principles of reciprocity and non-discrimination are effective tools for escaping the logic of mutually harmful tariffs (Bagwell and Staiger, 2002).

    The extent to which tariffs pass through to consumer prices is ultimately an empirical question. Evidence from the initial wave of US tariffs on China suggests full pass-through to US consumers (Amiti et al. 2019; Fajgelbaum et al. 2019). However, these studies focus on short-term effects and use methodologies that cannot fully account for broader macroeconomic adjustments. Standard quantitative trade models typically predict at least some cost-shifting to foreign producers.

    A broader question is how tariffs affect inflation. When a country imposes a tariff, it causes a one-off increase in the domestic price level, but this does not necessarily translate into sustained inflation. One channel through which a tariff could lead to persistent inflation is a wage–price spiral, which is similar to what can happen with other supply shocks.

    Tariffs do not just affect imports – they also affect exports. One direct channel is through higher prices for intermediate goods, which undermine the competitiveness of exporting firms; but broader general equilibrium effects are also important. Tariffs allow import-competing sectors to expand, which draws resources – such as labour, capital and land – away from other sectors, including exporting sectors.

    This process operates through changes in the real exchange rate, which measures domestic prices relative to foreign prices, adjusted for the nominal exchange rate. As import-competing sectors expand, they demand more workers, which pushes up wages across the economy. Higher wages raise production costs for exporting firms, making them less competitive in international markets. The result is an appreciation of the real exchange rate, which makes exports relatively more expensive abroad.

    A related question is what happens to the nominal exchange rate. One channel is direct: tariffs reduce import demand, and hence the demand for foreign currency, leading to an appreciation of the domestic currency. Another channel is indirect: tariffs may lead markets to anticipate tighter monetary policy to counter inflation, which can also cause the domestic currency to appreciate. For trade effects, what ultimately matters is the change in the real exchange rate; whether this occurs through adjustments in wages, domestic prices, or the nominal exchange rate is of secondary importance.

    There is, thus, a trade-off between the inflationary and competitiveness effects of tariffs. If the exchange rate appreciates strongly, domestic prices rise little, but competitiveness suffers significantly. If it appreciates only slightly, domestic prices rise more, but competitiveness is less affected. Either way, tariffs impose economic costs.

    A topical question is whether tariffs affect trade imbalances. The answer depends on whether one considers aggregate, bilateral or sectoral imbalances. Aggregate trade imbalances reflect the gap between national saving and national investment – a basic accounting identity. The logic is analogous to household finance: if a household (country) saves, it must earn (export) more than it spends (imports).

    To improve the aggregate trade balance, tariffs would need to increase national saving or reduce investment, which is a possibility. For instance, households might delay consumption if they expect tariffs to be temporary, thereby raising saving. Alternatively, tariffs could reduce investment by increasing the cost of capital goods, or by creating policy uncertainty, leading firms to postpone spending.

    However, most economists expect tariffs to have only limited effects on aggregate imbalances. Macroeconomic fundamentals – such as fiscal policy or the household savings rate – play a more dominant role. This view is supported by empirical studies that have found little impact of tariffs on aggregate trade balances so far (Furceri et al. 2022).

    Tariffs can, however, affect bilateral trade balances by altering relative prices. It is entirely possible for country A to run a deficit with country B, B with C, and C with A – without any of them having an aggregate trade imbalance.

    Tariffs can also affect sectoral trade balances. For example, higher tariffs on goods imports tend to improve the goods trade balance by discouraging imports through higher domestic prices, while worsening the services trade balance by reducing services exports through an appreciation of the real exchange rate.

    As tariffs return to the trade policy agenda, it is worth recalling what economics has long understood: tariffs are not just a tool for raising revenue or protecting domestic industries – they are a policy lever with wide-ranging, and often unintended, consequences. Their appeal in the short term can obscure longer-term costs to inflation, competitiveness and international cooperation. In a world of growing trade tensions, a clear-eyed view of those trade-offs is more important than ever.

    MIL OSI Economics –

  • MIL-OSI Economics: Coming Soon: Fiscal Monitor, April 2025

    Source: International Monetary Fund

    COMING SOON

    Launch of Fiscal Monitor, April 2025

    The Fiscal Monitor is prepared twice a year by the IMF’s Fiscal Affairs Department. Its projections are based on the same database used for the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR). The fiscal projections for individual countries have been prepared by IMF desk economists, and, in line with the WEO guidelines.

    RELEASE DATES
    • WEDNESDAY, APRIL 16, 9 AM ET: Chapter 2: Public Sentiment Matters: The Essence of Successful Energy Subsidies and Pension Reforms.
    • WEDNESDAY, APRIL 23, 9 AM ET: Press Briefing: Fiscal Monitor, April 2025 

    Watch the press briefing with:

    • Vitor Gaspar, Director, Fiscal Affairs Department, IMF
    • Era Dabla-Norris, Deputy Director, Fiscal Affairs Department, IMF
    • Davide Furceri, Deputy Division Chief, Fiscal Affairs Department, IMF
    • Moderator: Tatiana Mossot, Senior Communications Officer, IMF

    ** The press briefing will be available on this page on April 23, 2025 **

    MIL OSI Economics –

  • MIL-OSI Economics: Coming Soon: World Economic Outlook, April 2025

    Source: International Monetary Fund

    COMING SOON

    Launch of the April 2025 World Economic Outlook

    The World Economic Outlook (WEO) is a survey of prospects and policies by the IMF staff, usually published twice a year, with updates in between. It presents analyses and projections of the world economy in the near and medium term, which are integral elements of the IMF’s surveillance of economic developments and policies in its member countries and of the global economic system.

    RELEASE DATES
    • TUESDAY, APRIL 15, 6 AM ET: Chapter 3: Journeys and Junctions: Spillovers from Migration and Refugee Policies
    • WEDNESDAY, APRIL 16, 6 AM ET: Chapter 2: The Rise of the Silver Economy: Global Implications of Population Aging
    • TUESDAY, APRIL 22, 9 AM ET: Press Briefing: World Economic Outlook, April 2025

      • Speakers:

      • Pierre-Olivier Gourinchas, Chief Economist and Director, Research Department, IMF
      • Petya Koeva-Brooks, Deputy Director, Research Department, IMF
      • Deniz Igan, Division Chief, Research Department, IMF
      • Moderator: José Luis de Haro, Communications Officer, IMF

    MIL OSI Economics –

  • MIL-OSI Economics: ASEAN, Australia continue to advance Comprehensive Strategic Partnership

    Source: ASEAN

    JAKARTA, 11 April 2024 – At the 15th ASEAN-Australia Joint Cooperation Committee (JCC) Meeting held today at the ASEAN Headquarters/ASEAN Secretariat, ASEAN and Australia reiterated their commitment to advancing their Comprehensive Strategic Partnership (CSP).

    The Meeting acknowledged the positive momentum of ASEAN-Australia cooperation following the Special Summit held in Melbourne in March 2024 to commemorate the 50th anniversary of ASEAN-Australia Dialogue Relations. The Meeting welcomed Australia’s continued support for ASEAN Community-building efforts and ASEAN Centrality as well as its strong commitment to substantially strengthening the CSP with ASEAN, reflected in programmes such as the Australia for ASEAN Futures Initiative (Aus4ASEAN Futures Initiative).

    The Meeting acknowledged the significant progress made in the implementation of the ASEAN-Australia Plan of Action 2025-2029 in various areas across all pillars, including non-traditional security challenges, maritime security, conflict prevention, trade and investment, digitalisation, energy, environment, education, youth and people-to-people exchanges. The Meeting welcomed the establishment of the ASEAN-Australia Centre in Canberra and its programmes and activities that aim to further strengthen business, education, cultural and community connections between ASEAN and Australia. The Meeting also welcomed Australia’s proposal for a Joint Statement on Conflict Prevention to be adopted at the 5th ASEAN-Australia Summit in November 2025.

    Both sides further discussed enhancing cooperation to advance the CSP, in line with the Joint Vision Statement – Partners for Peace and Prosperity and the Melbourne Declaration – A Partnership for Future adopted at the Special Summit in 2024. Focus areas of cooperation include cybersecurity; maritime cooperation; trade and investment; digitalisation; clean and renewable energy; science and technology; climate change; disaster management; health; TVET; education; people-to-people ties; smart cities; connectivity; and sustainable development, among others. Australia reaffirmed its commitment to providing capacity-building support for Timor-Leste’s full membership of ASEAN.

    The 15th ASEAN-Australia JCC Meeting was co-chaired by the Permanent Representative of Indonesia to ASEAN, H.E. Derry Aman, and Ambassador of Australia to ASEAN, H.E. Tiffany McDonald. Permanent Representatives of ASEAN Member States and representatives of the ASEAN Secretariat were in attendance. Timor-Leste attended as Observer.

    MIL OSI Economics –

  • MIL-OSI Economics: New Development Bank and National Bank for Financing Infrastructure and Development Sign MoU to accelerate Infrastructure and Sustainable Development Projects in India

    Source: New Development Bank

    On April 8, 2025, the New Development Bank (NDB) and the National Bank for Financing Infrastructure and Development (NaBFID), one of India’s premier development financial institutions (DFI), signed in Mumbai a Memorandum of Understanding (MoU)   to establish a strategic framework for cooperation in areas of mutual interest, including infrastructure and sustainable development projects.

    This collaboration will facilitate joint infrastructure investments in India and create a framework for the exchange of technical knowledge.

    NaBFID aims to work with NDB on clean energy and transportation projects, including renewable energy initiatives and sustainable water and sewage management, among others. The MoU also lays the foundation for both organisations to participate in infrastructure projects through thematic-level collaborations within their respective mandates.

    Additionally, NDB and NaBFID will partner in research and capacity-building initiatives, including seminars and workshops, to promote knowledge sharing and enhance institutional capabilities.

    NDB has approved nearly USD 10 billion in loans for 28 major infrastructure projects in India, including the Chennai, Indore, and Mumbai metro systems, the Delhi-Ghaziabad-Meerut Regional Rapid Transit System, and the Namo Bharat high-speed trains. Additionally, this funding supports the development of urban and rural roads, bridges and highways; water and sanitation; clean energy and USD 2 billion for COVID-19 emergency aid and economic recovery.

    Mr. Vladimir Kazbekov, Vice President and Chief Operating Officer, NDB, said, “We are delighted to partner with NaBFID to drive India’s infrastructure and social sector development. We are proud of the activities we have undertaken in our founding member country generating a robust USD 10 billion portfolio in a short time span. This MoU reflects our shared vision of fostering economic growth while promoting sustainable and inclusive development.”

    Commenting on the partnership, Mr. Rajkiran Rai G., Managing Director, NaBFID, said, “This collaboration with NDB marks a significant step in our commitment to nation-building and sustainable development. This MoU will help NaBFID accelerate infrastructure financing in clean energy and social impact projects, creating long-term value for all stakeholders.”

    About NDB 

    The New Development Bank (NDB) is a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS) with the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries (EMDCs). In 2021, NDB welcomed its first non-founding members and continues to expand, positioning itself as a platform for wider collaboration amongst EMDCs.  Since 2015, NDB has committed USD 35.6 billion in financing for 108 projects across sectors such as clean energy, transport, water and sanitation, environmental protection, social and digital infrastructure.

    About NaBFID

    National Bank for Financing Infrastructure Development (NaBFID) is a Development Financial Institution (DFI) established in April 2021. NaBFID is dedicated to accelerating the development of India’s infrastructure ecosystem by addressing the long-term financing needs of the sector. NaBFID plays a pivotal role in driving the nation’s economic growth and fostering sustainable development.

    NaBFID is committed towards its vision of becoming a strong provider of impact investment, catalysing infrastructure funding for transformative growth of India.

    NaBFID aims to be a key partner in helping India achieve its ambitious infrastructure development objectives – responsibly and sustainably. Additionally, NaBFID will work towards developing a deep and liquid market for bonds, loans, and derivatives for infrastructure financing.

    MIL OSI Economics –

  • MIL-OSI Economics: Reserve Bank of India cancels the licence of Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI), vide order dated April 09, 2025, has cancelled the licence of “Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on April 11, 2025. The Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

    The Reserve Bank cancelled the licence of the bank as:

    1. The bank does not have adequate capital and earning prospects. As such, it does not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the Banking Regulation Act, 1949.

    2. The bank has failed to comply with the requirements of Sections 22(3)(a), 22(3)(b), 22(3)(c), 22(3)(d), and 22(3)(e) read with Section 56 of the Banking Regulation Act, 1949.

    3. The continuance of the bank is prejudicial to the interests of its depositors.

    4. The bank with its present financial position would be unable to pay its present depositors in full; and

    5. Public interest would be adversely affected if the bank is allowed to carry on its banking business any further.

    2. Consequent to the cancellation of its licence, “Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj” is prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949, with immediate effect.

    3. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ₹5,00,000/- (Rupees five lakh only) from Deposit Insurance and Credit Guarantee Corporation (DICGC) subject to the provisions of the DICGC Act, 1961. As per the data submitted by the bank, about 99.72% of the depositors are entitled to receive the full amount of their deposits from the DICGC. As on March 31, 2025, DICGC has already paid ₹47.89 crore of the total insured deposits under the provisions of Section 18A of the DICGC Act, 1961, based on the willingness received from the concerned depositors of the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/86

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  • MIL-OSI Economics: Samsung India Empowers Women Leaders with SheLEADS: Fostering an Inclusive Future

    Source: Samsung

     
    At Samsung, empowering women in leadership is not just about representation but about driving meaningful impact. With this commitment, Samsung India has been fostering future women leaders through its flagship SheLEADS program—a dedicated leadership development initiative designed to equip women employees with the skills, confidence, and network to step into leadership roles.
     
    After the successful launch of SheLEADS last year, Samsung has now introduced SheLEADS 2.0, expanding the program to a new cohort of 16 high-potential women professionals across multiple functions. This 14-week leadership journey provides immersive learning experiences, mentorship from senior leaders, and opportunities to develop strategic decision-making and managerial skills.
     
    Building Women Leaders, One Step at a Time
    As a global technology leader, Samsung recognizes that workplaces that excel in crafting an inclusive environment also achieve stronger business outcomes—including enhanced employee engagement, talent retention, and overall financial success. SheLEADS 2.0 is a testament to this belief, ensuring that women at Samsung have access to leadership pathways and the support to break barriers.
     
    For participants, the program is not just about professional growth but also about building a community of women who uplift and inspire each other.
     
    “SheLEADS helped me to enhance my core leadership skills. Be it strategic thinking, assertive communication, effective decision making or negotiation but the biggest takeaway from SheLEADS has been the power of networking and shared experiences,” said RS Annapoorna, General Manager, Legal Management. “It’s empowering to be in a room full of talented women, all striving for excellence and breaking stereotypes in the corporate world.”
     
    Nurturing Talent across Diverse Functions
    This year’s cohort of SheLEADS 2.0 includes professionals from various business verticals such as legal, marketing, supply chain, product planning, and HR. Each participant brings unique expertise, contributing to a richer, more diverse leadership pipeline within Samsung.
     
    A Future of Inclusive Leadership
    Samsung is committed to fostering a work environment where employees, regardless of gender, can thrive, grow, and lead. The company continues to build a culture where women are supported at every stage of their careers, and SheLEADS is just one of the many steps toward this goal.
     
    As Rajni Chaudhry, Deputy General Manager, Supply Chain, Digital Appliances, puts it, “The whole program has been beautifully designed to equip the leadership competence to navigate through personal and professional environment. Overall, it has been an impactful, empowering and transformative experience.”
     
    With programs like SheLEADS, Samsung India is shaping the future of leadership—one that is diverse, dynamic, and truly inclusive.

    MIL OSI Economics –

  • MIL-OSI Economics: Reorganisation of Districts in the State of Rajasthan – Review of Lead Bank Responsibility

    Source: Reserve Bank of India

    RBI/2025-26/25
    FIDD.CO.LBS.BC.No.05/02.08.001/2025-26

    April 11, 2025

    The Chairman / Managing Director & Chief Executive Officer
    Lead Banks concerned

    Madam/ Dear Sir,

    Reorganisation of Districts in the State of Rajasthan – Review of Lead Bank Responsibility

    The Government of Rajasthan had notified reorganisation of districts in the State vide Gazette Notifications Sr.P.9(21)Raj-1/2024-(1 to 9), all dated December 29, 2024.

    2. As nine districts have been merged into 12 existing districts, the lead bank responsibility notified in respect of these nine districts vide circular FIDD.CO.LBS.BC.No.11/02.08.001/2023-24 dated November 10, 2023 as follows, stands revoked:

    Sr. No. Districts (Erstwhile) Lead Bank District Working Code
    1 Kekri Bank of Baroda 01Z
    2 Shahpura Bank of Baroda 02M
    3 Anupgarh Punjab National Bank 01W
    4 Sanchore State Bank of India 02L
    5 Neem ka Thana State Bank of India 02J
    6 Gangapur City Bank of Baroda 02E
    7 Dudu UCO Bank 02C
    8 Jaipur (Rural) State Bank of India 02D
    9 Jodhpur (Rural) ICICI Bank 02G

    3. The Lead Bank responsibilities of the following districts, which have been affected as a result of the reorganisation, have been reviewed and have been retained/modified as follows:

    Sr. No Present District Lead Bank District Working Code Remarks
    1 Ajmer Bank of Baroda 510 Retained
    2 Tonk Bank of Baroda 507 Retained
    3 Bhilwara Bank of Baroda 508 Retained
    4 Bikaner State Bank of India 520 Retained
    5 Sri Ganganagar Punjab National Bank 518 Retained
    6 Jalore State Bank of India 525 Retained
    7 Jhunjhunu Bank of Baroda 515 Retained
    8 Sikar Punjab National Bank 513 Retained
    9 Karauli Bank of Baroda 519 Retained
    10 Sawai Madhopur Bank of Baroda 506 Retained
    11 Jaipur State Bank of India 500 Modified
    12 Jodhpur ICICI Bank 530 Modified

    4. There is no change in the Lead Banks of other districts in the state of Rajasthan.

    Yours sincerely,

    (Nisha Nambiar)
    Chief General Manager-in-Charge

    MIL OSI Economics –

  • MIL-OSI Economics: TGR to Launch Evolved GR Yaris

    Source: Toyota

    Headline: TGR to Launch Evolved GR Yaris

    TOYOTA GAZOO Racing (TGR) has announced that orders are being accepted from today for its evolved GR Yaris at Toyota vehicle dealers across Japan, with sales to commence on May 6. Also announced today was the GR Yaris factory-installed option Aero Performance Package scheduled for launch this autumn or later, the elements of which were first unveiled as part of a concept vehicle at Tokyo Auto Salon 2025 and which incorporates insights gained from motorsports.

    MIL OSI Economics –

  • MIL-OSI Economics: Collaboration to Make Engine-Equipped Vehicles Carbon Neutral Using Synthetic Fuel

    Source: Toyota

    Headline: Collaboration to Make Engine-Equipped Vehicles Carbon Neutral Using Synthetic Fuel

    ENEOS Corporation (hereinafter “ENEOS”), Suzuki Motor Corporation (hereinafter “Suzuki”), Subaru Corporation (hereinafter “Subaru”), DAIHATSU MOTOR CO., LTD. (hereinafter “Daihatsu”), Toyota Motor Corporation (hereinafter “Toyota”), and Mazda Motor Corporation (hereinafter “Mazda”) are pleased to announce they will provide passenger vehicles that use a fuel mixture containing synthetic fuel during the Expo 2025 Osaka, Kansai, Japan (hereinafter “the Expo”) event period for transporting guests and related parties within the venue.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN participates in the Amity Circle Retreat III in Kuala Lumpur, Malaysia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today attended the Amity Circle Retreat III, held in Kuala Lumpur, Malaysia. In line with the focus of the retreat, Dr. Kao shared his views on the current geopolitical situation, particularly those that affect ASEAN, and potential risks that the region might address in the future. Emphasising the need to strengthen resilience and promote strategic stability in the region, Dr. Kao highlighted the importance of the ASEAN Community Vision 2045, which will be adopted by ASEAN Leaders in May 2025, as well as the ongoing efforts on ASEAN key initiatives, such as the ASEAN Outlook on the Indo-Pacific (AOIP), the Regional Comprehensive Economic Partnership (RCEP) and negotiations on the ASEAN Digital Economy Framework Agreement (DEFA).

    The post Secretary-General of ASEAN participates in the Amity Circle Retreat III in Kuala Lumpur, Malaysia appeared first on ASEAN Main Portal.

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