Category: Economy

  • MIL-OSI Russia: The results of the defenses of leading engineering schools have been summed up

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University – Last week, 30 advanced engineering schools of the first wave, selected in 2022, presented the results of their work and development plans to the Council for the Review and Coordination of Activities of Advanced Engineering Schools.

    In the published Minutes of the meeting of the Council for the consideration of issues and coordination of the activities of advanced engineering schools, the Council assessed various aspects of the schools’ activities: the ambition and elaboration of the development program, interaction with partners, and reporting indicators. This year, NSU’s PIS received the highest scores for the criteria of recognition and the university’s potential (8th place) and the volume of attracted funding (7th place). The Council’s assessments provide an incentive for further improvement of PIS’s activities.

    PISh “Cognitive Engineering” NSU ahead of 13 leading engineering schools in the overall ranking. In order to attract students with good fundamental training to the master’s programs of the NSU PIS, a system of career guidance and motivation of future applicants has been built, starting in school. At each stage of preparation, interaction with partners has been established: science and industry in order to ensure a high level of project work based on real problems from industry. Over three years of active work, a number of new educational spaces and laboratories equipped with modern equipment have been created at the NSU PIS. The leading engineering school of NSU successfully presented the results of its work and was recommended for participation in the next competitive selection.

    — Along with the universities of the Ministry of Education and Science, the first wave of the project included universities of the Ministry of Health, the Ministry of Agriculture, and the Ministry of Digital Development, which already at the start of the project allowed for more comprehensive coverage of key sectors of the economy. The focus of the leading engineering schools and their technology partners was on strategically important areas, including automation and artificial intelligence, digital twins and new materials, optimization of technological processes, and unmanned aircraft systems. It is important that business was very interested in working with leading engineering schools, so if the volume of state funding for the first wave of schools over three years amounted to 25.1 billion rubles, then extra-budgetary investments amounted to 33.3 billion rubles, — said the head of the Ministry of Education and Science of Russia, Valery Falkov.

    This year, the first wave of PISs are moving to a new stage of financing — now they will continue to develop by fulfilling external orders from industrial partners and funds raised under other competitive programs of the Ministry of Education and Science of Russia. In total, there are currently 50 PISs in 23 regions. By 2030, on the instructions of the President, the number of PISs should double. The Advanced Engineering Schools project is being implemented within the framework of the national project Youth and Children.

    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: MEXC Announces SOON ($SOON) Listing with 75,000 SOON & 50,000 USDT Prize Pool and Up to 200% APR Savings

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will list SOON ($SOON) at 11:00 on May 23, 2025 (UTC). To celebrate this addition to the exchange, MEXC will launch three exclusive events open to all users, including a 75,000 $SOON and a 50,000 USDT prize pool, and a high-yield savings program with up to 200% APR.

    SOON is a high-performance Solana Virtual Machine (SVM) Rollup that enables mass blockchain adoption through its innovative Super Adoption Stack (SAS). The project standardizes the SVM across major Layer 1 ecosystems while enabling seamless interoperability. The SOON ecosystem features three core products: SOON Mainnet, SOON Stack, and InterSOON. As blockchain technology continues to mature, solutions like SOON that prioritize performance, scalability, and cross-chain communication are becoming increasingly crucial.

    $SOON is the native utility token of the SOON ecosystem, serving several essential functions. It acts as a governance token that grants holders voting rights on protocol upgrades and ecosystem development. The token also functions as the primary asset for all activities within the ecosystem. Additionally, it provides incentives for builders and contributors through grants and performance-based rewards.

    In celebration of SOON ($SOON)’s listing on MEXC, a series of exclusive events will launch to reward both new and existing users. Key details of the events are as follows:

    Event 1: Exclusive $SOON Earn with up to 200% APR

    Event Period: May 23, 11:00 – June 21, 11:00, 2025 (UTC)
    MEXC users can subscribe to $SOON fixed savings via MEXC Earn and enjoy up to 200% APR. Simply deposit or buy at least 350 $SOON on the Spot market to participate.

    Event 2: Airdrop+

    Event Period: May 20, 10:00 – May 30, 10:00, 2025 (UTC)
    New users who deposit $SOON can share 64,000 $SOON, while all users can join a Futures trading challenge for a share of 50,000 USDT and invite new users to earn from an 11,000 $SOON pool.

    Special Event: Deposit $SOON and Share in a 25,000 $SOON Prize Pool

    Event Period: May 19, 08:00 – May 23, 08:00, 2025 (UTC)
    Users who deposit $SOON into their MEXC account and submit their UID through the official form will have the chance to win rewards from a 25,000 $SOON prize pool.

    MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, please visit here.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a53eccb-272d-4c99-8bac-4d2b4e6473d0

    The MIL Network

  • MIL-OSI: Background Checks Are Top Priority for Landlords, According to Joint Survey from RentRedi and BiggerPockets

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — A new joint survey from RentRedi, the fastest-growing DIY landlord software that makes renting easy for both landlords and renters, and BiggerPockets, the largest online community for real estate investors, reveals that background checks are the most important tool in a landlord’s screening process. These results, paired with a companion survey conducted by RentRedi alone, provide new insights into how landlords conduct tenant screening and how many use technology to strengthen their approach.

    BiggerPockets surveyed its members from April 4-14, 2025 about the most important thing to check when screening a tenant. Of the 2.1K respondents, nearly half said background checks were the most critical factor when evaluating a tenant, followed by a third who pointed to references from previous landlords. Less than a fifth ranked credit scores as the top priority, while 1 in 10 said they rely most on paystub history.

    RentRedi ran a separate survey almost simultaneously from March 30 to April 14, 2025, garnering responses from nearly 700 landlords, revealing that most landlords are taking a multi-layered approach to tenant screening. A full 88% of respondents said they run a certified tenant screening report, while 78% said they reach out to references and 61% said they review applicants’ social media profiles. In fact, half of all landlords surveyed said they use all three methods, suggesting a growing recognition that no single data point tells the whole story.

    Verification also plays a central role, with 91% of landlords saying they verify an applicant’s employment, while 90% confirm income, 84% check references, 82% verify credit scores, and 78% look into rental history. More than 60% reported verifying all of these details before making a leasing decision, highlighting just how rigorous the screening process has become for many independent landlords.

    RentRedi’s survey demonstrates that landlords aren’t solely focused on finances, however. Many are also vetting applicants for lifestyle compatibility. Eighty percent said they want to know about a tenant’s pets, while 69% are concerned with smoking habits. Forty percent said recreational drug use was an important factor to understand, and 29% wanted to know whether tenants planned to host parties—and how often. A quarter of respondents said they try to gather information on all of these lifestyle preferences when screening.

    “Landlords don’t just want tenants who can pay rent—they want tenants who will take care of their property and be a good fit for their rental,” said RentRedi Co-founder and CEO Ryan Barone. “These surveys show that background checks and references are essential, but they also show that landlords are digging deeper and leaning on software like RentRedi to make more informed, more efficient decisions.”

    When it comes to prequalifying prospective tenants, 59% of landlords said they rely on property management software, compared to 43% who still screen manually through phone calls, emails, and texts. Just 12% said they use a third-party property manager, and only 3% reported using a combination of methods.

    More than two-thirds of landlords use software to electronically verify at least some of tenant documents such as paystubs and bank records, while a quarter of respondents still request physical documentation. Notably, 8% admitted they do not verify any tenant information, a gap that highlights the continued need for accessible tools and education.

    These findings show a clear trend: landlords are increasingly using property management software to screen applicants with greater precision and efficiency. RentRedi’s 5-pronged tenant screening process, which includes evaluating background checks, credit reports, criminal records, eviction history, and financial stability through income and asset verification, directly aligns with the priorities of landlords.

    As the rental market continues to evolve, technology is playing a larger role in helping independent landlords mitigate risk and maximize their investment. These surveys confirm that a thorough screening process, backed by RentRedi’s tenant screening software, can lead to stronger tenant relationships, lower turnover, and fewer costly surprises.

    In both surveys, percentages have been rounded to the nearest whole number. The full survey results can be found here.

    About RentRedi

    RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. DIY landlords can quickly grow their rental businesses by using RentRedi’s all-in-one web and mobile app for rent collection, market listings, tenant screening, lease signing, maintenance coordination, and accounting. Tenants enjoy the convenience and benefits of RentRedi’s easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests.

    Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 13 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company’s Next Big Things in Tech list in 2024, as well as HousingWire’s Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using its platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit RentRedi.com.

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/79afc9f2-2d5a-42c4-89e7-be70312143e6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ad8082eb-4e4d-43c7-8817-0f3c801dbb1f

    The MIL Network

  • MIL-OSI Africa: Mining in Motion to Highlight Innovative Funding Solutions for Ghana’s Artisanal and Small-Scale Mining (ASM) Operations

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

    ACCRA, Ghana, May 20, 2025/APO Group/ —

    The upcoming Mining in Motion Conference – Ghana’s premier gathering for gold mining stakeholders, scheduled for June 2 – 4 in Accra – will feature a dedicated panel exploring the financial challenges, opportunities, and best practices for the artisanal and small-scale mining (ASM) sector.

    The session, titled Funding Models for ASM, will convene representatives from Ghana’s Minerals Income Investment Fund (MIIF), BloombergNEF, the African Development Bank, AlphaStream and StoneX. The speakers will delve into available financing options and strategies aimed at empowering ASM operators to scale their activities and contribute more significantly to Ghana’s mining-driven economic growth.

    The ASM sector plays a vital role in Ghana’s economy, generating over $5 billion in gold export revenue annually, employing more than one million people, and contributing over 40% of the country’s total gold production. Recognizing this impact, the Ghanaian government has initiated several mechanisms to improve financial accessibility for ASM operators. One such initiative is the establishment of the Gold Board, an agency designed to serve as the sole exporter for ASM gold in Ghana. This integration ensures legal trade, supply chain inclusion, and access to accreditation and financing opportunities.

    Government-led programs, such as the Ghana National Association of Small-Scale Miners and the Minerals Commission’s Community Mining Scheme provide a mix of loans and grants. MIIF is rolling out its Small-Scale Mining Incubation Program, offering between $200,000 and $5 million per mine to accelerate exploration and production efforts.

    The financial sector has also shown strong commitment to supporting Ghana’s mining industry. Stanbic Bank has pledged $1.1 billion in funding for the mining, metals, and energy sectors over five years, including $100 million in loans for local contractors, a $90 million expansion loan for a gold mining firm, and an $80 million environmental bond covering six gold mines.

    Firms like AlphaStream and StoneX are also stepping in with financial solutions that span the mining value chain, positioning themselves as key enablers of Ghana’s mining expansion ambitions. Their involvement in the Mining in Motion Conference as sponsors further signals growing interest in Ghana’s mining finance landscape.

    Mining in Motion will serve as a showcase for both traditional and innovative funding models -ranging from public-private partnerships and community-based financing to ESG-linked instruments – highlighting how these tools are being leveraged to strengthen the ASM sector and drive inclusive growth in Ghana’s mining industry.

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with Ghana’s Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact sales@ashantigreeninitiative.org.

    MIL OSI Africa

  • MIL-OSI: Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is celebrating Bitcoin Pizza Day by hosting events across five continents and distributing pizzas to more than 2,000 people. Between May 19 and May 22, gatherings are being held in cities including Abuja, Cape Town, Buenos Aires, São Paulo, Mexico City, Lisbon, Barcelona, Florence, Catania, Turin, Milan, Athens, Metro Manila, Penang, Tirana, Prague, Dubai, Taipei, and Ho Chi Minh City.

    Bitcoin Pizza Day, celebrated annually on May 22, reminds us of the historic purchase of two pizzas for 10,000 Bitcoins by Laszlo Hanyecz in 2010—a transaction that demonstrates Bitcoin’s immense potential as a medium of exchange. The modest transaction, then worth around $41, is now estimated to be valued at nearly $1 billion. The day has become a symbol of Bitcoin’s evolution from a niche experiment to the backbone of the emerging financial innovation space.

    This year’s celebrations seek to bridge the global crypto community, offering an opportunity for enthusiasts, traders, and newcomers alike to engage in dialogue about Bitcoin’s journey and the future of decentralized finance. The events combine informal networking with educational discussions, reinforcing Bitcoin’s growing relevance amid shifting economic landscapes.

    “Every year, we celebrate Bitcoin Pizza Day because it reminds us how far this industry has come—from 10,000 BTC being worth just $40 to now touching $1 billion. It marks the epitome of any financial vehicle’s success in history. At Bitget, it’s one of our favorite days to share with the community and reflect on the incredible journey we’ve all been part of,” says Gracy Chen, CEO at Bitget.

    By organizing events across diverse regions such as Africa, Latin America, Europe, and Asia, Bitget is showing support towards local crypto communities, encouraging wider participation in the evolving cryptospace. The gatherings highlight how Bitcoin’s story resonates globally, transcending borders. Initiatives such as this serve as reminders of the principles that will continue to fuel the adoption of crypto—innovation, resilience, and joint vision.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5fd9309d-8df9-47c3-a79b-d573efe84e51

    The MIL Network

  • 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 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: 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: 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.

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

    MIL OSI Russia News

  • MIL-OSI Russia: The 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”.

    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 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

  • MIL-OSI Asia-Pac: Jobless rate rises to 3.4%

    Source: Hong Kong Information Services

    For the three months from February to April, the seasonally adjusted unemployment rate was 3.4%, a rise of 0.2 percentage points compared to the figures for January to March, the Census & Statistics Department announced today.

    The underemployment rate also rose from 1.1% to 1.3% during the same period.

    Total employment fell by around 15,600 to 3,677,100, while the labour force also dropped by around 9,000 to 3,806,500.

    The number of unemployed people increased by around 6,600 to 129,400. Meanwhile, the number of underemployed people rose by around 4,900 to 47,600.

    Looking ahead, Secretary for Labour & Welfare Chris Sun said that various industries in Hong Kong are undergoing a transitional period, adding that their unemployment rates may go upward or downward.

    However, he outlined that the recent easing of trade tensions, continued growth in the economy and the Government’s various measures to boost momentum will provide support to the labour market.

    Mr Sun said that although Hong Kong has experienced some recent shop closures, there have also been openings of many new shops, suggesting the emergence of new demand and new consumption trends. He also stressed that a significant increase in the number of inbound visitors will bring more opportunities to the labour market.

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: UK announces major sanctions in support of Ukraine

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces major sanctions in support of Ukraine

    As President Putin ruthlessly intensifies his strikes against innocent Ukrainians, the UK is ramping up pressure with raft of 100 new sanctions.

    • UK announces wide-ranging sanctions on Russia as Putin launches his biggest ever drone attack against Ukraine.  

    • 100 sanctions targets across Russian military, energy, financial sectors and those conducting Putin’s information war against Ukraine.  

    • UK and partners are also working to tighten the Oil Price Cap, further restricting critical oil revenues for Putin’s war machine.

    As President Putin ruthlessly intensifies his strikes against innocent Ukrainians, the UK is ramping up pressure with raft of 100 new sanctions. 

    The latest sanctions targets include entities supporting Russia’s military machine, energy exports and information war, as well as financial institutions helping to fund Putin’s invasion of Ukraine.    

    On Saturday, Russia fired 273 drones at Ukrainian cities, the biggest drone onslaught of the war.  A strike on a bus in Sumy killed nine civilians.  

    Putin has so far not put in place the full, unconditional ceasefire that President Trump has called for, and which President Zelenskyy endorsed over two months ago.  

    The UK’s latest sanctions action comes as the EU prepares to announce its 17th package of sanctions against Russia, in a co-ordinated effort to secure a just and lasting peace in Ukraine.    

    Today’s measures sanction the supply chains of deadly Russian weapons systems, including Iskander missiles.  This will protect Ukrainian lives, and our collective security by disrupting Russia’s military machine.     

    Putin has repeatedly fired Iskander missiles into crowded civilian areas with a callous disregard for life.  He used these weapons during the strike against Sumy on 13 April that killed 34 civilians including children, some of them heading for Palm Sunday services.     

    UK and other Western sanctions are having a severe effect on Russia’s economy.  Russian GDP shrank in the first quarter of the year and the non-defence economy has been in recession for some time.  Security and defence spending is now over 40% of the federal budget, and Putin has had to raise taxes and slash social spending in order to continue the war.    

    Every rouble by which we cut Kremlin revenues diminishes Putin’s ability to sow chaos, division and disorder across the world and protects the British people, increasing security and prosperity at home.

    As the Prime Minister set out at the European Political Community summit on Friday, people in Ukraine and across the world have paid the price for Putin’s aggression and now he must pay the price for avoiding peace.

    Foreign Secretary, David Lammy said:

    Putin’s latest strikes once again show his true colours as a warmonger.  

    We urge him to agree a full, unconditional ceasefire right away so there can be talks on a just and lasting peace.   

    We have been clear that delaying peace efforts will only redouble our resolve to help Ukraine to defend itself and use our sanctions to restrict Putin’s war machine.

    Today’s sanctions also target 14 more members of the Social Design Agency (SDA), which carries out Kremlin-funded information operations that are designed to undermine sovereignty, democracy, and the rule of law in Ukraine and across the world.    

    The UK previously sanctioned the SDA and several of its leaders in 2024.  We are now targeting all levels of the organisation.    

    In addition, today’s measures will strike at the heart of Putin’s efforts to get around our sanctions and help block his failing attempts to reconnect to the international economy.   

    Today’s action targets 46 financial institutions that help Russian attempts to evade sanctions, as well as the St Petersburg Currency Exchange, and the Russian Deposit Insurance Agency which insures Russian banks.  These new sanctions will further isolate the Russian economy and disrupt Russia’s revenue streams.     

    Finally, the UK will also sanction 18 more ships in the ‘shadow fleet’ carrying Russians oil, along with the fleet’s enablers.  The Prime Minister announced 110 shadow fleet related sanctions ahead of his visit to Kyiv earlier this month.   

    Today’s targets include John Michael Ormerod, a British national who procured ships for Russia’s shadow fleet, and two Russian captains of shadow fleet tankers.  This action imposes a personal cost on those who are supporting Russia’s trade in oil and is another step in the Foreign Secretary’s personal mission to constrain the Kremlin and a crucial part of the Plan for Change to ensure a secure Britain.     

    The UK is also working with partners to tighten the Oil Price Cap that limits the price that Russia can charge for its oil if transported using G7 services like insurance and shipping.  We are reviewing the $60 crude price level, with a view to lowering the cap closer to the cost of production and hitting Putin where it hurts by striking at his oil revenues.

    Background

    The Full list of today’s targets can be found here

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Building a faster, more effective clinical trials system

    Source: United Kingdom – Government Statements

    News story

    Building a faster, more effective clinical trials system

    By MHRA Chief Executive Lawrence Tallon

    As I celebrate my first International Clinical Trials Day at the MHRA, I’ve been reflecting on the incredible work underway here to make it faster and easier to run clinical trials in the UK – for the benefit of patients, the NHS, and the wider research community.

    Clinical trials don’t just help us determine whether a medicine is safe and effective, they lead to better care outcomes for participants overall – something I have witnessed in my own family first hand. They also bring with them significant investment in the economy.

    The UK is already a research powerhouse driven by innovation. Last year, we assessed over 5000 trial applications. And, in our first ever analysis of the UK clinical trials landscape with the University of Liverpool, we found that one in eight UK trials were testing treatments in humans for the first time.

    But we want to go further in cementing the UK as one of the best places in the world to conduct trials, for both patients and researchers.

    Last month, we began implementing the most significant update to UK clinical trials regulation in over two decades. These reforms will address the research sector’s need for a more efficient, streamlined and adaptable regulatory framework for clinical trials. And, of course, they will help get cutting-edge new treatments to patients and the NHS as quickly as possible. 

    The changes, which come fully into force from April 2026, are part of a wider drive to support innovation and growth in the life sciences sector. And we’re already seeing the benefits. Following a period of backlog in processing clinical trial applications, the MHRA has been reviewing all applications within statutory timeframes since 2023.

    Our Combined Review service with the Health Research Authority – bringing together ethics and regulatory assessments – now delivers clinical trials decisions in an average of 40 days. That’s 20 days faster than the 60-day timeframe, helping research get underway more quickly.

    We’ve also seen some exciting developments in the use of Artificial Intelligence, which could sped up vital parts of our clinical trial application review from 3 hours to just 35 seconds.  The time this saves allows our clinical trials team to support new initiatives, such as life sciences innovation and upstream advice.  
    Of course, it’s not just about getting trials set up quickly. It’s important that trials in the UK are innovative and inclusive too.

    To support this, we’ve recently launched a pilot Inclusion and Diversity Plan with the Health Research Authority (HRA). Shaped by input from over 300 researchers, it offers practical guidance to help sponsors design more representative studies, so that we can be sure that trials represent the populations they are designed to treat.

    Just today, we’ve launched a consultation on new guidance for using real-world data in trials, specifically through external control arms. This type of anonymised data, collected during routine care, can help address some of the challenges faced in rare disease or cancer research – where large, randomised studies aren’t always possible

    The next year will be an exciting one for UK trials. As the Government pushes forward its Life Sciences vision and 10 Year Health Plan, our reforms could not come at a more important time.
    To all the patients, researchers and healthcare professionals involved in clinical research – thank you. Your contributions continue to shape the future of medicine. At the MHRA, we remain committed to supporting this progress through a regulatory system that is timely, proportionate, and focused on delivering public benefit.

    Clinical trials will always be essential to advancing care. Our role is to make sure they are safe, trusted, and fit for the future.

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom

  • MIL-OSI: YBUOJ CEO Berton Hosea Discusses Strategic Blueprint to Drive Global Digital Asset Market Development

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., May 20, 2025 (GLOBE NEWSWIRE) — Recently, Berton Hosea, founder and CEO of YBUOJ, unveiled the globalization strategy of the company, emphasizing that “technology innovation and ecosystem collaboration will serve as the dual core drivers to build critical infrastructure for the digital economy era.”

    According to information provided by YBUOJ, its globalization strategy not only involves expanding business operations in North America, Europe, and Asia but also focuses on building an integrated, cross-border, dynamic, and compliant operational model through collaboration with financial regulatory agencies worldwide.

    Berton Hosea, a seasoned leader with a profound industry background, brings over 25 years of experience in managing high-tech enterprises. In complex market environments, he has driven sustained corporate growth with exceptional strategic vision and execution capabilities. With extensive expertise in international market expansion, product innovation, and corporate strategic planning, Hosea has demonstrated extraordinary leadership in navigating global competition.

    Hosea highlighted that YBUOJ has established a compliance engine capable of adapting to multi-national regulations, integrating AI to predict future regulatory trends and proactively mitigate potential risks. As part of its global expansion strategy, YBUOJ also prioritizes optimizing user experience. The platform currently supports multi-language interfaces and dynamically identifies user time zones and language preferences to deliver personalized interface customization and market-specific content.

    Throughout the interview, Hosea repeatedly emphasized the concept of “long-termism”. He stated, “YBUOJ is not a short-term player in the fast-paced crypto bull market. We are building a sustainable, secure, intelligent, compliant, and globally applicable core trading architecture.”

    Looking ahead, YBUOJ is accelerating its deep strategic expansion in the global digital finance sector. The platform ambitions extend beyond merely constructing a trading system; it aims to comprehensively advance four key engines—technology-driven innovation, compliance collaboration, ecosystem co-construction, and environmentally sustainable development. By doing so, YBUOJ seeks to redefine the operational logic and value framework of the global crypto market, propelling the entire industry into a new stage of development.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b519ceeb-d576-4d54-8395-9799e2a0b03e

    The MIL Network

  • MIL-Evening Report: Health chief ‘conductor of an orchestra who’s never played an instrument’

    ANALYSIS: By Ian Powell

    In February 2025, Dr Diana Sarfati resigned, not unexpectedly, as Director-General of Health after only two years into her five-year term.

    As a medical specialist, and in her role as developing the successful cancer control agency, she had extensive experience in New Zealand’s health system.

    However, she did not conform to the privately expressed view of Prime Minister Christopher Luxon: That the problem with the health system is that it is led by health.

    Responsibility for the appointment of public service chief executives rests with the Public Service Commissioner.

    In carrying out this function, Brian Roche had two choices for the process of selecting Sarfati’s replacement — run a contestable hiring process (the usual method) or appoint someone without this process.

    With the required approval of Attorney-General Judith Collins and Health Minister Simeon Brown, Roche opted for the exception rather than the rule.

    This suggests a degree of pre-determination to appoint someone without the “hindrance” of health system experience, consistent with Luxon’s view.

    An appointment from outside health
    Consequently, on April 1, Audrey Sonerson was appointed the new Director-General of Health for a five-year term.

    She had been the Ministry of Transport chief executive (including when Brown was transport minister). She also had senior positions in the Ministry of Foreign Affairs and Trade and in the Police and Treasury.

    Though she had been part of the Treasury’s health team and has a master’s in health economics, her only health system experience was in the brief hiatus between Sarfati’s resignation when acting director-general and becoming the confirmed replacement.

    ‘For a minister with no experience of the complexity of health care delivery to choose a director-general who herself has no health experience is extremely concerning.’

    — Dr David Galler, former intensive care specialist

    This is unprecedented for the director-general position. Sonerson is the 18th person to hold this position. The first 10 had been medical doctors. In 1992, the first non-doctor holder was appointed (a Canadian with some health management experience).

    The subsequent six appointees all had extensive health system experience. Three were medical doctors (two in population health), two had been district health board chief executives, and one had been the director-general in Scotland and a medical geographer.

    Dr David Galler is well-placed to comment on the significance of this extraordinary change of direction. He is a retired intensive care specialist and former President of the Association of Salaried Medical Specialists.

    He held the unique position of principal medical adviser to the health minister, the ‘eyes and ears’ of the health system for three health ministers in the mid to late 2000s. He also worked closely with two director-generals.

    Drawing on this experience, Galler observes that: “Director-generals of health must be respected, influential, knowledgeable, connected and trusted, to ensure that good policy goes into practice and good practice informs policy . . .  For a minister with no experience of the complexity of health care delivery to choose a director-general who herself has no health experience is extremely concerning.”

    Breadth of the health system
    As the director-general heads up the Health Ministry, she is responsible for being the “steward” of our health system. In this context she is the lead adviser to the government on health. In the context of seeking to improve and protect the health and wellbeing of New Zealanders, the organisation Sonerson now leads is responsible for:

    • the stewardship and leadership of the health system; and
    • advising her minister and government on health and disability matters.

    These responsibilities have to be considered in the context of how extensive the health system is beginning with its complexity, highly specialised range of health professional occupational groups, and its breadth.

    This breadth ranges from community healthcare (predominantly general practices), local 24/7 acute hospitals, tertiary hospitals (lower volume, high complexity) and quaternary care services (national services for very uncommon or highly complex even lower volume procedures and treatments, including experimental medicine, uncommon surgical procedures, and advanced trauma care).

    Another way of looking at this breadth is that it ranges in treatment from medical to surgical to mental health to diagnostic. And then there is population health such as epidemiology.

    Population health and the Health Act
    However, responsibility extends further to specific obligations under the Health Act 1956, many of which are operational. Although it is nearly 60 years old, this act has been updated by legislative amendments many times and as recently as 2022 with the passing of the Pae Ora Act that disestablished district health boards and established Health New Zealand.

    The Health Act gives Sonerson’s health ministry the function of improving, promoting and protecting public health (as distinct from personal diagnostic and treatment health). Public health is legislatively defined as meaning either the health of all New Zealanders or a population group, community, or section of people within New Zealand.

    A critical part of this role is the responsibility for ensuring that local government authorities improve, promote, and protect public health within their districts in appointing key positions (such as medical officers of health, environmental health officers and health protection officers); food and water safety; regular inspections for any nuisances, or any conditions likely to be injurious to health or offensive and, where necessary, secure their abatement or removal; make bylaws for the protection of public health; and provide reports on diseases and sanitary conditions within each district.

    The population function under the Health Act of improving, promoting, and protecting public health means that how well the health ministry under Sonerson’s leadership performs directly affects the health and wellbeing of all New Zealanders.

    This is an immense responsibility that cannot be minimised.

    Understanding universal health systems
    Universal health systems such as ours are characterised by being highly complex, adaptive and labour intensive and innovative (innovation primarily comes from its workforce). They provide a public good (rather than commodities) and their breadth is considerable.

    But, despite appearances to the contrary, the different parts of this breadth don’t function separately from each other. They are not just interconnected; they are interdependent.

    As a result, each part makes up a highly integrated system. Consequently, relationships are critical. The more relational the culture, the better the system will perform; the more contractual the culture, the poorer it will perform.

    Galler’s experience-based above-mentioned observation needs to be seen in the context of the challenging nature of universal health systems.

    In a wider discussion on health system leadership, Auckland surgeon Dr Erica Whineray Kelly got to the core of the issue very well: “You’d never have a conductor of an orchestra who’d never played an instrument.”

    Audrey Sonerson comes into the director-general position with a deficit. It will help her performance if she first recognises that there are many unknowns for her and then proceeds to listen to those within the system who possess the experience of knowing well these unknowns.

    It might go some way to alleviating the legitimate concerns of Galler and Whineray Kelly and many others.

    Ian Powell is a progressive health, labour market and political “no-frills” forensic commentator in New Zealand. A former senior doctors union leader for more than 30 years, he blogs at Second Opinion and Political Bytes. This article was first published by Newsroom and is republished with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Banking: WTO Chairs Programme activities launched at Dominican Republic university

    Source: WTO

    Headline: WTO Chairs Programme activities launched at Dominican Republic university

    The WTO Chairs Programme (WCP) aims to support and promote trade-related academic activities by universities and research institutions in developing and least-developed WTO member economies. Projects are funded for a period of four years and continue through support from their institutions, members, and other stakeholders that draw on them. The goal of the programme is to build capacity in international trade through research, curriculum development and outreach.
    WTO Deputy Director-General Xiangchen Zhang said the key activities of the Universidad Iberoamericana (UNIBE) for the current year will centre on trade and environment sustainability, and in particular finding solutions that reduce plastics pollution.
    “This focus is certainly timely and relevant, particularly for an island economy like the Dominican Republic, which must grapple with the effects of climate change,” DDG Zhang said. “As you continue to seek growth while facing the challenges confronting your island economy, the Chair at UNIBE will be a valuable resource in providing tailored research and constructive engagement on key trade issues.”
    The WCP is funded by France, Austria and the Republic of Korea. With the addition of this institution, the WCP network has expanded within the Central American region, which was previously under-represented.
    Ambassador Emmanuelle Ivanov-Durand, Permanent Representative of France to the WTO, said: “Your work can help us to meet the challenges of our time, particularly in the field of sustainable development, and thereby make the system even more efficient. The courses you will be setting up on trade and environmental sustainability will undoubtedly contribute to our reflection.”
    Also present at the event was Ambassador José R. Sánchez-Fung, Permanent Representative of the Dominican Republic to the WTO, who recognized this as an important milestone. “The Dominican Republic welcomes the WCP Chair at UNIBE. The Programme will be instrumental in developing our country’s ability to participate in the global trading system and contribute productively to the rest of the WTO’s membership.”
    UNIBE is now part of a global network that facilitates cooperation between governments, universities and multilateral organizations. Vilma Arbaje, Deputy Minister of Foreign Trade at the Dominican Republic’s Ministry of Industry, Commerce and MSMEs, congratulated Odile Camilo, Rector of UNIBE: “The establishment of the WCP Chair at UNIBE consolidates this institution as a regional reference centre in training and research applied to trade and opens up new possibilities for integrating knowledge into the processes of designing and implementing more effective and sustainable public policies for the Ministry of Industry, Trade and MSMEs.
    “This collaboration represents a valuable opportunity to expand our institutional capacities, strengthen ties with the academic world and reinforce the country’s projection in spaces for global dialogue on trade,” she added.
    During the event, a panel comprising representatives of the government and the Association of Industries of the Dominican Republic discussed the importance of the circular economy in the Dominican Republic, offering insights into its future direction. Changing regulations offer a chance for transformation and concrete opportunities for sustainable and competitive development, participants said.
    The industrial sector has already taken steps toward transforming production. Manuel Diaz Franjul, Director of Trade Negotiations for Economic Affairs and International Cooperation, Ministry of Foreign Affairs, said: “As we saw today, trade and the environment and associated policies are a key issue at the international level, and the best way to overcome any differences that arise is through direct engagement.”

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    MIL OSI Global Banks

  • MIL-OSI Banking: Euro area monthly balance of payments: March 2025

    Source: European Central Bank

    20 May 2025

    • Current account recorded €51 billion surplus in March 2025, up from €41 billion in previous month
    • Current account surplus amounted to €438 billion (2.9% of euro area GDP) in the 12 months to March 2025, up from €312 billion (2.1%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €698 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €782 billion in the 12 months to March 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €51 billion in March 2025, an increase of €10 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€44 billion), services (€13 billion) and primary income (€7 billion). These were partly offset by a deficit for secondary income (€13 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to March 2025, the current account surplus widened to €438 billion (2.9% of euro area GDP), up from a surplus of €312 billion (2.1% of euro area GDP) one year earlier. This increase was driven by larger surpluses for goods (up from €324 billion to €386 billion), services (up from €133 billion to €173 billion) and primary income (up from €22 billion to €54 billion). The deficit for secondary income increased from €168 billion to €174 billion.

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €110 billion in non-euro area assets in the 12 months to March 2025, following net disinvestments of €252 billion one year earlier (Chart 2 and Table 2). Non-residents disinvested €101 billion in net terms from euro area assets in the 12 months to March 2025, following net disinvestments of €321 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €150 billion in the 12 months to March 2025, up from €91 billion one year earlier. Over the same period, net purchases of non-euro area debt securities by euro-area residents increased to €548 billion, up from €490 billion one year earlier. Non-residents’ net purchases of euro area equity increased to €408 billion in the 12 months to March 2025, up from €170 billion one year earlier. Over the same period, non-residents made net purchases of euro area debt securities amounting to €374 billion, declining from net purchases of €404 billion one year earlier.

    Table 2

    Financial account of the euro area

    (EUR billions unless otherwise indicated; transactions; non-working day and non-seasonally adjusted data)

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €365 billion in the 12 months to March 2025 (up from €128 billion one year earlier), while they recorded net incurrences of liabilities of €77 billion (following net disposals of €144 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €405 billion in the 12 months to March 2025. This increase was driven by the current and capital accounts surplus and, to a lesser extent, by euro area non-MFIs’ net inflows in portfolio investment equity and debt. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment and other flows.

    In March 2025 the Eurosystem’s stock of reserve assets increased to €1,511.0 billion up from €1,478.6 billion in the previous month (Table 3). This increase was mainly driven by positive price changes (€48.0 billion), due to an increase in the price of gold, and partly offset by negative exchange rate changes (€14.7 billion) and net sales of assets (€0.8 billion).

    Table 3

    Reserve assets of the euro area

    (EUR billions; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted data)

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release incorporates revisions to the data for January 2025 and February 2025. These revisions did not significantly alter the figures previously published.

    Next releases:

    • Monthly balance of payments: 18 June 2025 (reference data up to April 2025)
    • Quarterly balance of payments: 03 July 2025 (reference data up to the first quarter of 2025)

    For media queries, please contact Benoît Deeg, tel.: +49 172 1683704.

    Notes

    • Current account data are always seasonally and working day-adjusted, unless otherwise indicated, whereas capital and financial account data are neither seasonally nor working day-adjusted.
    • Hyperlinks in this press release lead to data that may change with subsequent releases as a result of revisions.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: G7 Export Credit Agency Leaders Meet in London for Two-Day Summit

    Source: United Kingdom – Government Statements

    Press release

    G7 Export Credit Agency Leaders Meet in London for Two-Day Summit

    UK Export Finance is hosting the annual meeting of leaders of export credit agencies from G7 countries.

    Leaders of G7 export credit agencies (from left to right): Paola Valerio (SACE, Italy), Atsuo Kuroda (NEXI, Japan), Bastian Kern (Export Credit Guarantees Germany), Tim Reid (UK Export Finance), James C. Cruse (US EXIM), Alison Nankivell (EDC, Canada), Armel Castets (Export Finance and Trade Promotion Division, France)

    Leaders of export credit agencies (ECAs) from the G7 nations are gathering in London today (19 May) for a two-day summit focused on “Global Challenges, Shared Solutions”. 

    The Chiefs and senior representatives from the ECAs of Canada, France, Germany, Italy, Japan, and the United States will be hosted by UK Export Finance (UKEF), the UK government’s export credit agency, to address critical issues in international trade finance as part of their annual meeting. 

    The summit will tackle key topics including strengthening supply chain resilience, securing access to critical minerals, and navigating the evolving landscape of export finance amid the growth of domestic industrial programmes and the advancement of artificial intelligence. 

    Tim Reid, Chief Executive of UK Export Finance, said:

    “In today’s world, collaboration between export credit agencies is more vital than ever to unlock critical financing for the largest and most pioneering opportunities aligned to our shared social and economic targets.

    “This annual summit, hosted this year by UKEF, offers a unique opportunity for our G7 ECAs to share insights, align strategies and develop joint approaches to deliver impact for our domestic exporters and in countries around the world. By working together, we can better support businesses navigating international trade challenges while driving sustainable economic growth across our nations.”

    Contact

    Media enquiries:

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Widespread support for Governor’s proposal to fast-track water infrastructure

    Source: US State of California 2

    May 19, 2025

    SACRAMENTO— Last week, the Delta Conveyance Design and Construction Authority (DCA) Board of Directors joined the growing list of supporters from across California praising Governor Newsom’s legislative proposals to fast-track the Delta Conveyance Project, a critical water infrastructure and climate adaptation project.

    At a special meeting, the DCA Board voted unanimously to support the legislative effort and provide formal letters of support to Governor Newsom.

    Martin Milobar, President, Delta Conveyance Design and Construction Authority Board of Directors: “I want to thank Governor Newsom for his continued leadership in prioritizing California’s water future. We know better than anyone the importance of the Delta Conveyance Project – it’s a long-overdue investment in modernizing how we move and manage water in California and ensures our water agencies continue to serve communities with safe, affordable water. His proposal to streamline the regulatory framework to help advance the Delta Conveyance Project reflects the kind of solution-oriented approach we need to protect our state’s most critical infrastructure. As Board President, I support efforts to move this project forward and am proud to stand behind the direction outlined by the Governor. This is about protecting California’s water supply, now and into the future.”

    Graham Bradner, Executive Director, Delta Conveyance Design and Construction Authority: “We appreciate the Governor’s leadership in recognizing both the urgency of the Delta Conveyance Project and the opportunity to modernize how we move critical infrastructure forward in the face of climate change, seismic risk, and growing water demands. The Delta Conveyance Design and Construction Authority is ready to deliver. Our team is prepared to implement this project responsibly, transparently, and in close coordination with the Department of Water Resources, our public water agency partners, and stakeholders throughout the state. These proposed reforms are expected to save years of delay and potentially billions in costs by removing unnecessary hurdles and accelerating project delivery. We stand ready and offer our strong support to the Governor’s forward-thinking approach.”

    The project is receiving widespread support from leaders throughout the state. Here’s what they are saying:
     

    Water agencies and leaders

    Jennifer Pierre, General Manager, State Water Contractors: “Governor Newsom’s proposal marks a critical step in reducing barriers to innovation while creating efficiencies that will save time and billions of dollars as construction of the DCP moves forward.”

    Deven Upadhyay, Metropolitan Water District of Southern California General Manager: “The governor’s proposal will expedite planning of the Delta Conveyance Project by removing costly, time-consuming and unnecessary administrative hurdles and uncertainties that are preventing a final decision on the project. Metropolitan’s board committed to fund the final phase of DCP planning last December. Today’s proposal should allow our board to consider whether to make a long-term investment in the DCP without delay, alongside consideration of other strategies to ensure Southern California has reliable and affordable water amid a changing climate.”

    Darin Kasamoto, General Manager, San Gabriel Valley Municipal Water District: “Our region depends heavily on water supplies from the State Water Project to meet daily needs and support our economy, but that supply is only as dependable as the infrastructure that delivers it. By removing costly delays and speeding up permitting, this proposal ensures we can modernize our water delivery system before climate impacts outpace our ability to respond.”

    Valerie Pryor, Zone 7 Water Agency General Manager: “The State Water Project is vital to our community as it provides 70% of the water supply used to enhance the quality of life, economic vitality and environmental health to our region. We welcome this innovative approach to streamlining the approval process.”

    Adnan Anabtawi, General Manager, Mojave Water Agency (MWA): “This project supports the investments we have already made in imported water, making its delivery to our region more resilient.” 

    Tony Estremera, Valley Water Board Chair: “We appreciate Governor Newsom’s strong support of the Delta Conveyance Project and his efforts to move it forward. About 40% of Santa Clara County’s water comes through the Delta, and climate change is putting that supply at risk. The Delta Conveyance Project would help the State Water Project adapt to changing conditions, making this water supply more reliable for our community and all of California.”

    Palmdale Water District (PWD) General Manager Dennis D. LaMoreaux: “Palmdale relies on the State Water Project for over half of our annual water supply – a critical source that supplements our limited local groundwater and surface water. Without this water supply, we would be unable to meet the needs of our growing community, particularly during extended drought periods that strain our regional resources. Streamlining review and expediting the Delta Conveyance Project is a smart, forward-looking step to secure California’s water future.”

    Metropolitan Water District of Southern California General Manager Deven Upadhyay: “The governor’s proposal will expedite planning of the Delta Conveyance Project by removing costly, time-consuming and unnecessary administrative hurdles and uncertainties that are preventing a final decision on the project. Metropolitan’s board committed to fund the final phase of DCP planning last December. Today’s proposal should allow our board to consider whether to make a long-term investment in the DCP without delay, alongside consideration of other strategies to ensure Southern California has reliable and affordable water amid a changing climate.”

    Coachella Valley Water District (CVWD) Assistant General Manager Robert Cheng: “Actions by the Governor to reduce project delays and deliver the Delta Conveyance Project are timely and prudent. California’s primary water delivery system – the State Water Project – must be modernized to help secure California’s water future.” 

    Martin Milobar, Director for Kern County Water Agency and Chair for the Delta Conveyance Design and Construction Authority: “The State Water Project is fundamental infrastructure for the economy of Kern County and the food supply for the nation. Implementing processes that reduce costs while moving the Delta Conveyance Project forward is critical to maintaining a thriving agricultural industry in California. We cannot afford any more costly and unnecessary delays.” 

    Maria Gutzeit, Board President, Santa Clarita Valley Water Board of Directors: “For decades, the Delta Conveyance Project has faced unnecessary red tape and lengthy, avoidable delays. The State Water Project provides critical water supplies to the Santa Clarita Valley, but it is clear that it must be modernized to ensure long-term reliability. We support Governor Newsom’s proposal to create efficiencies that will bring this important project closer to delivery and eliminate costly delays that are ultimately shouldered by ratepayers.”

    Judy C. Huang, Alameda County Water District Board President: “The Governor’s proposal to streamline the Delta Conveyance Project is significant to advancing the project’s path forward. The State Water Project is an important part of ACWD’s water delivery system, serving 348,000 customers in the Tri-Cities and vital to millions of Californians. ”

    Paul Ortega, Board President, Desert Water Agency: “The Delta Conveyance Project is key to securing a resilient, reliable water supply for California’s future. Ensuring the timely delivery of this important infrastructure will make our desert community and regions across the state more sustainable and protect our state’s primary water supply from the impacts of climate change and disruptions from earthquakes or levee failures.”

    Charley Wilson, Executive Director, Southern California Water Coalition: “The science is clear: the ability of the State Water Project to reliably deliver water is declining, while demand continues to rise. Southern California stands to lose up to 10% of our water supply from the State Water Project if we don’t act now. The Delta Conveyance Project is our best path to offsetting those losses.”

    Community leaders

    Jennifer Barrera, President & CEO, California Chamber of Commerce: “Modernizing California’s water supply is not only vital to our economy but also long overdue. We appreciate the Governor’s proposal to both remove barriers to innovation while protecting the environment and meeting both regulatory and operational requirements.”

    Jon Switalski, Executive Director of Rebuild SoCal Partnership: “This legislation is exactly the kind of forward-thinking leadership California needs to secure its water future. For too long, critical infrastructure projects like the Delta Conveyance Project have been stalled by red tape and frivolous delay tactics. This bill takes decisive, measured steps to modernize the water infrastructure millions of Californians rely on every day.”

    Rick Callender, President, California Hawaii State Conference NAACP: “As climate change casts a shadow of uncertainty, this question of affordability balanced with reliability looms squarely over the shoulders of disadvantaged communities who suffer a historic and disproportionate share of economic, health, and environmental burdens. By moving the Delta Conveyance Project forward, California is making a commitment to protecting the State Water Project and the communities that rely on this system for their water. We applaud the Governor for moving this project forward.”

    Joe Cruz, Executive Director of the California State Council of Laborers: “California has established itself as a worldwide leader due in large part to its investments in massive infrastructure projects. [This] announcement by Governor Newsom is a commitment to the working people of California – that we will make it easier to build projects that maintain California’s place as a global leader while also creating thousands of well-paying union jobs.”

    Jim Wunderman, President & CEO, Bay Area Council: “We won’t let California’s future be held hostage by delay and dysfunction. This legislation reflects our values and our urgency. We must act today to protect the water supply of tomorrow.”

    Jeffrey Ball, President & CEO of Orange County Business Council: “[This] announcement to help speed up the construction of the Delta Conveyance Project is a massive benefit to helping guarantee water security in our region.”

    Heather Dyer, CEO and General Manager of San Bernardino Valley: “We commend Governor Newsom for taking action today by supporting key water infrastructure that will increase water supply reliability. Plain and simple, we need the Delta Conveyance Project. We are benefitting from the visionary infrastructure investments of the past, and now is the time to take the next step forward. Failure is not an option.”

    Protecting California’s water supply 

    California is expected to lose 10% of its water supply due to hotter and drier conditions, threatening the water supply for millions of Californians — and the reliability of the State Water Project could be reduced as much as 23 percent.  Extreme weather whiplash will result in more intense swings between droughts and floods – California’s 60-year-old water infrastructure is not built for these climate impacts. 

    The Delta Conveyance Project will help offset and recover these future climate-driven water losses, and yet, it has been plagued by delays and red tape. 

    The Delta Conveyance Project would expand the state’s ability to improve water supply reliability, while also maintaining fishery and water quality protections. During atmospheric rivers last year, the Delta Conveyance Project could have captured enough water for 9.8 million people’s yearly usage.

    The Governor has advanced efforts to move the DCP forward, including certifying a final environmental impact report in December 2023 and securing financial support from water agencies throughout the state serving a majority of Californians. And while the project has received some necessary permits, its path forward is burdened by complicated regulatory frameworks and bureaucratic delays. The Governor is proposing to streamline and strengthen the project’s path forward, to protect the state’s water supply for future generations.

    The importance of protecting the reliability of the State Water Project is too great to allow the Delta Conveyance Project to be mired by unnecessary delays.  

    Press releases, Recent news

    Recent news

    News SACRAMENTO — First Partner Jennifer Siebel Newsom joined Marcie Frost (CEO, CalPERS) and Cassandra Lichnock (CEO, CalSTRS) at the annual Catalyst event for a candid conversation on the role California’s public institutions can play in opening access to funding…

    News What you need to know: California’s battery storage capacity now exceeds 15,700 megawatts, an unprecedented milestone that reflects the Newsom administration’s continued leadership in building the grid of the future. SACRAMENTO — California continues to rapidly…

    News What you need to know: The state is investing almost $1.7 billion for improvements to California’s highway system, including $86.5 million for improvements to infrastructure damaged during the Los Angeles firestorms earlier this year. SACRAMENTO – Governor Gavin…

    MIL OSI USA News

  • MIL-OSI: Best Indoor Antenna 2025: BroadWave HD TV Antenna Review For Rural Reception & Signal Boost

    Source: GlobeNewswire (MIL-OSI)

    New York City, May 20, 2025 (GLOBE NEWSWIRE) — Introduction – Best Indoor Antenna For HD TV

    In an age dominated by streaming platforms and digital subscriptions, the value of local TV channels hasn’t faded. In fact, millions across the country—especially those in remote or rural regions—still depend on free over-the-air (OTA) broadcasts. Yet, with increasing distance from signal towers, many face frustrating signal dropouts, pixelated screens, or limited channel access.

    This is where indoor antennas have re-emerged as essential tools for clear, consistent viewing. One standout solution, designed with rural signal challenges in mind, is the BroadWave HDTV Antenna. As we move through 2025, this antenna has become a top pick for households seeking high-definition clarity without expensive service fees.
    This review explores why BroadWave is gaining attention, how it performs in low-signal zones, and how it compares to other popular options available today.
    Top Pick: BroadWave Antenna – Best Indoor Antenna for HD TV & Powerful Signal Reception this year.
    Why Indoor Antennas Still Matter in 2025
    Despite the growth of streaming, there’s a significant segment of viewers who rely on antennas—particularly in areas where broadband infrastructure remains limited. Indoor antennas offer:

    • Zero monthly fees
    • Access to major networks (ABC, CBS, FOX, NBC, PBS)
    • High-definition quality without cable

    These devices also serve as backup solutions during outages or emergencies when internet-based services fail.
    For those living outside city centers, cutting the cord becomes practical only with reliable access to local broadcasts. That’s why indoor antennas—especially long-range models—continue to matter now more than ever.

    Tired of poor signal? See why this is ranked the Best Indoor Antenna of 2025 →
    Challenges of TV Reception in Rural Areas
    Rural environments present unique obstacles for signal transmission:

    • Greater distance from broadcast towers
    • Obstructions like hills, trees, and buildings
    • Weather interference, especially in open terrain

    Many indoor antennas marketed as “long-range” struggle under these conditions, leading to poor channel availability or frequent signal loss.
    This makes it essential to choose a model engineered for strong amplification, wide reception angles, and robust performance in less-than-ideal locations. BroadWave fits this mold and aims to solve these common headaches.
    What to Look for in a Top Indoor Antenna
    When shopping for an indoor antenna—particularly if you live in a rural or suburban area—focus on features that directly impact performance:

    • Signal Range: Look for options offering reception from 150+ miles, especially if you’re far from towers.
    • Built-in Amplifier: Helps strengthen weak signals and minimizes dropouts.
    • Multidirectional Capability: Captures signals from multiple directions without constant repositioning.
    • 4K & Full HD Compatibility: Ensures you’re ready for modern broadcast standards.
    • Flexible Mounting: Can be wall-mounted, window-placed, or flat-laid.
    • Plug-and-Scan Setup: No tech knowledge needed.

    The BroadWave Antenna brings together all these elements into one streamlined unit—designed to serve even in tough environments.
    Rural? Weak signal? This antenna goes CRAZY Best Indoor Antenna 2025

    BroadWave Antenna Review
    For several years, we have been caught in this never-ending loop of paying hefty cable bills and artificial satellite bills just to watch our favourite television channels. Every single month the subscription rates have tended to get expensive and sometimes the provider also bundles up channels out of which mostly we might watch just one or two. Even streaming services which were known to be low priced. A couple of years ago they also increased their rates leaving many of our households on the hunt to find some solution that helps us enjoy entertainment at the comfort of our home without burning a hole in our pockets.

    We currently live in a world where streaming dominated entertainment is trending and in such an environment, traditional television antennas will be outdated. This is where the BroadWave antenna comes in. The BroadWave antenna is a high definition TV antenna designed to air over the air broadcast signals without having the need for any satellite subscription or cable subscriptions. Released in the year 2021 by a company called Tech Wave communications Which is subordinate to the electronics manufacturing company, Global Tech industries, this BroadWave antenna has started gaining popularity at a fast pace in the community that is currently cord cutting. With the BroadWave antenna, you will be able to access your favourite television channels by cutting the cord and enjoying this digital solution to the maximum by eliminating those expensive cable bills. While you are still having access to dozens of channels which are all high definition. In this comprehensive guide, we will be exploring how the BroadWave antenna works, what are its benefits, the setup process, And everything else that you need to know before making the purchase decision.

    Best Indoor Antenna for rural homes – limited stock available! Grab yours at -50%

    A short brief introduction to BroadWave Antenna

    The company Tech Wave communications proudly showcases BroadWave antenna as their premium flagship product in the space that is currently called cutting and positions this product with enhanced performance with budget alternatives. Physically, the PW antenna has a very modern and sleek design with a really thin profile at just 0.2 inches in thickness and it measures 12 X 14 inches making it the most compact option in the market today. It makes use of a technology that uses advanced signal reception that includes proprietary signal and application, which the manufacturer claims helps receive signals from up to 75 miles away. Situated broadcast towers in optimal conditions. The beat antenna is made from materials such as durable polymer, which are integrated with copper Elements for better reception.

    This device comes in two different variations: the standard BroadWave antenna and the BroadWave antenna pro that comes along with an extra signal booster meant for environments where perception of signals can be quite challenging. Both the models feature the patented CleanSignal technology, technology of the company, which filters out FM signal interference and cellular signal interference to achieve better sound quality and clear pictures.

    Understanding its working mechanism

    The BroadWave antenna captures OTA television signals, but with several technological enhancements which helps it stand out from the other TV antennas. It functions very similar to the traditional antenna by working on the basic principles of electromagnetic wave reception. 

    But the modern digital technology added to the BroadWave antenna is what makes it stronger. Unlike the regular subscription services that transmit the content via satellite dishes or cables, the BroadWave antenna Will intercept these free broadcast signals which are already moving from the air around your home or office.
    At the core, this antenna catches radio frequency waves sent out by television stations locally. And the signals travel within the atmosphere and are ready to be received by anybody within the range who are equipped with proper devices. Three main types of broadcast signals are captured by BroadWave antenna, they are:

    • Low VHF bands which are channels ranging from 2 to 6
    • High VHF bands which our channels ranging from 7 to 13
    • UHF bands which are channels ranging from 14 to 65

    No fees. No subscriptions. Just crystal-clear TV with BroadWave Antenna!

    When local TV stations send out broadcasts, those signals travel through the air from large transmission towers. The BroadWave Antenna is specifically designed to pick up these signals by aligning with the same frequency range. The fewer obstacles between your antenna and the tower, the better the signal quality you’ll get.

    After the antenna picks up the broadcast, it sends the signal to your television using a regular coaxial cable. Most modern TVs already come with built-in tuners that recognize and decode these signals, so there’s no need for any extra devices. Just plug the antenna into your TV’s coaxial port, run a quick channel scan, and you’re ready to watch.

    One of the best things about the BroadWave Antenna is how easy it is to use. There are no apps, no subscriptions, and no tech setup needed. It’s truly a plug-and-play solution — perfect for anyone who wants reliable access to free, over-the-air channels without the hassle.

    BroadWave Setup Guide: Simple 3-Step Install

    1. Connect the antenna to your TV’s coaxial input.
    2. Position it near a window or wall for best signal capture.
    3. Scan Channels using your TV’s settings menu.

    Once complete, your free HD channels will be available instantly. Pro tip: Mount higher for better range if you’re in a low valley or heavily wooded area.

    BroadWave HDTV Antenna – up to 80 mile range, now 50% off. Order here →
    Benefits of using BroadWave Antenna

    The BroadWave antenna provides its consumers with umpteen number of compelling advantages, let’s take a look at some of them:

    • The financial benefits: it is considered as the most significant advantage of owning a BW antenna. Let’s say that with the traditional antenna along with people or satellite subscription bills that will range anywhere between $80 to 1 $50 monthly, but if they switch to an OTA solution like BroadWave antenna, they will be saving up $1800 on a yearly basis. The BroadWave antenna will require your to invest only as a one-time purchase, and it will not come with any regarding fees, contracts, or subscription cost. If you are a budget conscious consumer, then BW antenna is an attractive investment.
    • Access to your favourite channels and much more: even after the BroadWave antenna eliminated the subscription fees, it still provides its customers access to vital television content such as local news, broadcast channels, emergency information, any major sporting events, channels, and popular network programming. Many customers have already explained how happy they are to watch almost 80 to 90% of their favourite channels with BroadWave antenna for free.
    • Easy, set up process: The installation process is another major benefit as the consumer requires 0 to even minimal technical knowledge for setting up BW and it can be done in under just 15 minutes. All the user has to do is connect the antenna to the television set in its coaxial input port.
    • Excellent build: from the quality perspective, the BroadWave antenna impresses with its lightweight and durable construction. The primary reception panel comes encased in a polymer shell, which is weather resistant and UV protected to prevent any form of degradation when it is exposed to sun. The antenna has an IP54 rating for its constructions which makes it suitable for both outdoor and indoor installation. The antonym features gold plated F type connectors that fight against corrosion while ensuring optimal conductivity.

    Where can one purchase BroadWave Antenna? What’s the price?

    Although the BroadWave antenna is available across several retail channels, we always encourage you to purchase it from the official website only as it ensures that 100% authentic product is delivered at your doorstep. In addition to this, purchasing from the official site, will give you an opportunity to enjoy promotional discounts and offers, bundle deals, and special pricing. The pricing is as follows:

    • One BroadWave antenna is at 50% discount and priced at $39.95
    • Two BroadWave antenna is at 55% discount and priced at $35.98 per unit
    • Three BroadWave antenna is at 65% discount and priced at $29.95 per unit
    • Four BroadWave antenna is at 70% discount and priced at $25.95 per unit

    The company also provides a 30 days money back guarantee. However, we recommend that the customers read all the terms and conditions of the return and refund policy.

    Real User Reviews: What Rural Users Are Saying

    Tracy H. – Boone, NC
    “We live between two mountain ridges, and no antenna worked—until BroadWave. Now we get over 35 channels, all in crystal-clear HD.”

    George P. – Twin Falls, ID
    “It’s the only antenna that pulled in FOX and NBC from over 90 miles away. Super easy to install too.”

    Lana M. – Waco, TX
    “Was skeptical at first, but setup was smooth, and now I get my local news and weather without lag.”

    Dennis B. – Sioux Falls, SD
    “BroadWave outperformed my old Leaf and never needs adjustment. For rural homes, it’s a clear win.”

    Struggling with weak signals? BroadWave Antenna is the fix. Claim deal →

    FAQs About Indoor Antennas & BroadWave

    Q: How many channels can I get in rural areas?
    A: Users report access to 30–50+ channels depending on location and weather.
    Q: Is BroadWave better than outdoor antennas?
    A: For many, yes—especially if they want an easier indoor setup without climbing rooftops.
    Q: Will it work with my smart TV?
    A: Yes. It connects via the antenna port and functions independently of your internet.
    Q: What do Reddit and online forums say?
    A: Many rural users share success stories about finally getting consistent signal without dropouts.
    Q: Does rain affect the reception?
    A: Not significantly. However, placing it near a window and keeping it elevated helps.
    Pros of using the BroadWave Antenna

    • No monthly fees: there are no recurring cost and that is one of the major advantages of BW antenna. Unlike other satellite cable or streaming services that require monthly payments, the BW antenna is a one time, investment and purchase. This makes it extraordinary cost-effective
    • Superior quality in pictures: Civil customers have described house surprise and happy to see that OTA broadcast delivered high definition quality pictures compared to satellite or cable television. Chris and clear images with a resolution of up to 1080P are delivered as the antenna in VW receives uncompressed digital signals directly from the towers that broadcast. The users will experience sharper details, vibrant colours.
    • Signal compatibility: The BW antenna captures the full spectrum of digital signals broadcasted. It receives VHF and UHF bands, ensuring compatibility with every single OTA channel available in North America.
    • Plug-in and play: several other complex entertainment systems that need professional installation or critical technical expertise, the BW antenna comes with a straightforward setup process which can be done by anyone. All that the antenna requires is for you to simply connect the antenna to the coaxial port of your television, and you are set!

    No cable. No contracts. Just clear TV. Order the Best HDTV Antenna →

    Cons of using the BroadWave Antenna
    While the BW antenna does offer numerous benefits, we also would like to drink for certain limitations that some users faced while using the antenna. Let’s have a look at some of the drawbacks:

    • Geographic limitations: yes, the beat of your antenna is heavily dependent on geographic locations. The reception quality tends to vary dramatically based on your distance from the broadcasting towers, local infrastructure, and the surrounding area. While urban and suburban dwellers will experience excellent results, those in rural areas may find the antenna’s performance a little challenging.
    • Structural interferences: like any other indoor and outdoor, the BW antenna also suffers from degraded signals because of structures and building materials in the way.
    • Environmental factors: the weather conditions substantially impact the BW and capabilities. Snowstorms, heavy rain, or dense fog, can weaken signals temporarily causing reception problems.

    Special Offer: BroadWave Antenna Is Available With 50% Discount!

    BroadWave vs. Other Indoor Antennas

    Here’s how BroadWave compares to other models commonly used in remote areas:

    ClearStream Eclipse

    • Strong in urban zones but weaker beyond 50 miles.
    • Adhesive mounting isn’t ideal for all wall types.
    • No built-in booster in base model.

    Mohu Leaf 50

    • Well-reviewed but slightly lower reception range.
    • Performance drops significantly in mountainous zones.

    GE UltraPro

    • Affordable, but lacks strong amplification for rural households.
    • Signal strength varies based on exact placement.

    BroadWave Advantage

    • Extended range up to 80 miles
    • Reliable multi-directional capture
    • Built-in amplifier included
    • Built to work without frequent adjustments

    For households outside urban cores, BroadWave offers more consistent performance without the price hike.

    Conclusion

    After doing comprehensive analysis of everything that BroadWave antenna has to offer, we can say that if you are a person living in urban or suburban areas, this particular cordless antenna will be the most beneficial investment. The fact that it comes with an easy setup, process, and will eliminate your monthly subscription billing, You will enjoy several dozens of free HD quality channels, the BroadWave antenna is definitely worth trying. The company also offers excellent deals and a good 30-day money back guarantee which makes your investment risk free. This antenna is well suited for secondary televisions in kitchens or bedrooms or where premium content access is very crucial. This leak design ensures that it occupies less space while providing excellent results in terms of reception of signals. Gone are the other days where you found yourself frustrated over monthly payments for acting good entertainment, with BW antenna, you will be able to enjoy the entertaining part of media as well as essential channels to keep you updated about what is happening across the globe.

    Visit the official BroadWave site to check availability and current pricing before the next restock cycle

    How to Improve Indoor Antenna Performance in Rural Areas
    Even the most powerful antenna can fall short if not placed or configured properly. If you’re using BroadWave or any high-range model in a rural setting, these small adjustments can greatly enhance signal strength:

    • Elevate the antenna: Higher placement typically results in better line-of-sight to broadcast towers. Try second-floor windows or wall mounting.
    • Avoid electronics: Keep your antenna away from routers, microwaves, or metal appliances to reduce signal interference.
    • Use a signal map: Free online tools like the FCC DTV Map or apps such as “Antenna Point” can help you find the closest tower directions.
    • Angle experimentation: While BroadWave captures signals in 360°, slight repositioning can still refine performance.
    • Rescan frequently: Broadcasting networks occasionally adjust frequencies. A fresh channel scan ensures you’re getting all available options.

    Simple tweaks like these can transform a weak, pixelated feed into reliable, crisp HD channels—even in off-grid regions.

    Best Indoor Antenna for rural homes – limited stock available! Grab yours →
    BroadWave Antenna vs. Satellite TV: Cost & Performance
    For rural viewers, satellite TV is often marketed as the only viable choice. However, it comes with hidden downsides:

    • Monthly contracts and fees: Most satellite services charge $60–$100 monthly, adding up quickly over a year.
    • Weather disruptions: Snow, heavy rain, or storms can interrupt satellite signals—a major drawback in rural zones with harsh weather.
    • Installation costs: Many providers charge extra for dish setup and technician visits.
    • Equipment rental: Hidden equipment leasing fees often apply.

    In contrast, BroadWave is a one-time purchase with no recurring charges. Once installed, it delivers free access to major networks with dependable reception—even in bad weather. It also doesn’t require any subscription or installation service, making it a smart, budget-friendly alternative for long-term use.
    Who Should Buy BroadWave Antenna?
    BroadWave isn’t just for one type of viewer—it’s tailored for anyone who wants quality TV access without ongoing costs or complex setups:

    • Rural homeowners: Perfect for properties far from broadcast towers where traditional antennas fail.
    • Cabin or RV owners: Portable and easy to reposition, ideal for mobile or semi-permanent setups.
    • Senior citizens: Hassle-free and cost-effective, with no learning curve or subscriptions.
    • Cord-cutters: Want live news, sports, and local channels to complement streaming platforms? BroadWave fills the OTA gap.

    It’s also a solid backup during internet outages or emergencies, ensuring you stay connected to local alerts and news broadcasts.

    Don’t wait till BroadWave Antenna gone! Best Indoor Antenna flying off shelves!
    Can You Use BroadWave With Streaming Devices?
    Yes—combining BroadWave with your favorite streaming stick or smart TV makes for a complete, cable-free entertainment setup. Here’s how:

    • Use HDMI for streaming: Devices like Roku, Fire Stick, or Apple TV plug into your TV’s HDMI port, delivering apps and on-demand content.
    • Use BroadWave via coax: The antenna connects to your TV’s coaxial input for live OTA broadcasts.
    • Dual input setup: With one TV remote, you can easily toggle between live channels and streaming apps.

    This hybrid approach gives you both live sports, local news, and premium content—without paying a cable company.
    Troubleshooting: Common Setup Mistakes & Fixes
    If your antenna setup isn’t delivering the results you expected, the problem might not be with the product. Here are common mistakes and quick fixes:

    • Didn’t scan for channels: After connecting, always scan for available broadcasts using your TV’s setup menu.
    • Poor placement: Moving the antenna closer to a window or higher on a wall often resolves weak reception.
    • Too much interference: Electronics or metal surfaces near the antenna can degrade signal—try relocating it.
    • Using long coax cables: Excessively long or cheap coaxial cables can cause signal loss. Stick to high-quality, shorter lengths when possible.

    Following these simple steps can quickly restore clear, reliable channels—even in tougher signal zones.

    Unlock 50+ channels in minutes – Shop the Best Indoor Antenna now →
    Indoor vs. Outdoor Antennas: Which is Right for You?
    While outdoor antennas have long been preferred in rural areas, indoor models like BroadWave now challenge that narrative. Here’s a quick comparison:
    Outdoor Antennas

    • ✅ Often higher gain
    • ❌ Require rooftop or pole mounting
    • ❌ Susceptible to weather damage
    • ❌ Professional installation often needed

    BroadWave Indoor Antenna

    • ✅ 250+ mile range and 360° coverage
    • ✅ No climbing or drilling
    • ✅ Protected from the elements
    • ✅ Quick plug-and-scan install

    Unless you live in an extremely remote location with signal-blocking terrain, BroadWave can meet or exceed outdoor performance—without the inconvenience, maintenance, or cost.
    Final Verdict: Is BroadWave the Best Indoor Antenna in 2025?
    If you’re tired of unreliable reception and want a no-fuss solution that works, BroadWave is a top-tier choice for 2025. Its long-distance range, built-in amplifier, and plug-and-play convenience make it an ideal fit for remote households and cabins.
    Compared to popular models, BroadWave consistently delivers more channels, clearer visuals, and better ease of use—all without monthly fees or climbing ladders to install.
    For rural living, it’s one of the most capable antennas available today.

    Project name: BroadWave
    Straight Commerce Inc.,
    100 Church Street, 8th Floor,
    New York, NY 10007, United States
    Media Contact:
    Full Name – Neil Bowers
    Company website: https://get-broadwaveantenna.com/
    email: help@spark-tek.co
    +14242504182

    Disclosure: This article is for informational purposes only and does not constitute medical advice. The content may include affiliate links, meaning we may earn a commission if you purchase through recommended links. Always consult a healthcare professional before starting any new supplement regimen.

    Attachment

    The MIL Network

  • MIL-OSI: YBUOJ Deploys Real-Time Security Data Visualization Monitoring System to Fortify Asset Defense

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., May 20, 2025 (GLOBE NEWSWIRE) — Recently, YBUOJ officially launched its latest real-time security data visualization monitoring system, marking a significant step forward in user asset protection and data transparency. This feature not only fills the gap in security visualization that most trading platforms currently face but also further demonstrates the long-term commitment of YBUOJ to “verifiable transparency”.

    CEO Berton Hosea stated, “This is not just an upgrade of system functionality; it is the fulfillment of our promise to users. We aim to create not just a high-performance trading platform but the most robust defense for user asset security.”

    The system is a core achievement developed by YBUOJ based on “zero trust architecture”, integrating three engines: AI-driven dynamic risk identification, anomaly detection, and asset fluctuation visualization. This system upgrade is combined with the previously launched “adaptive market-making system” and “advanced clearing engine” by YBUOJ, achieving a closed-loop data security system from pre-trade risk identification, intra-trade behavior analysis, to post-trade behavior tracking.

    The launch of the real-time security data visualization system is not a single-point technical update but a crucial implementation under the long-term strategic planning of the platform. The platform clearly states that this system will serve as the technical foundation for future security and user experience upgrade projects, supporting the deep extension of its global compliance ecosystem.

    Additionally, YBUOJ will accelerate interface development with global security agencies and financial audit partners. Through standardized API interfaces, external auditors, partner banks, and custodial institutions will be able to directly connect to the security monitoring system, thus bridging the data gap between digital assets and traditional finance.

    From an industry perspective, the move by YBUOJ is quietly leading digital asset platforms toward a new path—shifting from “technology pursuing efficiency” to “technology serving trust”.

    Looking ahead, as more platforms recognize the importance of “security transparency” in the asset era, YBUOJ, with its early deployment and technological depth, is poised to seize the high ground of trust in the next round of global digital asset trading platform competition.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dfec399a-362b-453e-9816-20099191a9d2

    The MIL Network

  • MIL-OSI Europe: European agriculture faces growing climate risks that EU can help counter, new study finds

    Source: European Investment Bank

    • EU agriculture sector loses more than €28 billion a year as a result of adverse weather, according to new report
    • Farm insurance in Europe can play key role to keep climate risks in check, says study published by EIB and European Commission
    • EU can do more to expand insurance coverage for European farmers  

    The European Union agricultural sector loses more than €28 billion a year, on average, as a result of adverse weather such as droughts and the EU can do more to reduce such business risks, including by expanding farm insurance, according to a groundbreaking new study.

    The analysis, published jointly today by the European Investment Bank (EIB) and the European Commission, says that worsening climate change threatens to increase EU agricultural average annual losses as much as 66% by 2050, and urges a stronger EU risk-management system for the sector.

    Only 20% to 30% of climate-induced farm losses in the EU are insured through public, private or mutual systems including those supported by Europe’s Common Agricultural Policy (CAP). Insurance coverage backed by public funding is often more effective than government compensation programmes, according to the study.

    “Climate-related risks are an increasing source of uncertainty for food production. Mitigating these risks through insurance and de-risking mechanisms is essential to support the investments of European farmers,” said EIB Vice-President Gelsomina Vigliotti. “The findings of this analysis will guide our future action as we step up support to bolster the resilience of the EU’s agricultural system.”

    The EIB Group to date has supported the EU farm industry in three main ways. One is loans and guarantees to agricultural businesses or equity stakes in them. The second is the financing of rural infrastructure such as irrigation and roads. The third is advice to public authorities and financial institutions on how EU farm grants can be used to attract funding from other sources and to limit risks included those related to climate.

    Commissioner for agriculture and food, Christophe Hansen, said: “Climate change and its consequences could restrict farmers’ access to finance, as banks could become even more reluctant to take risks than they are today. The study we are publishing today with the EIB shows that only 20% to 30% of climate-related losses are insured by public, private or mutual systems. We need to do something to cover the remaining losses. I encourage all Member States to assess and launch new financial instruments under their CAP Strategic Plans, to better prevent climate risks in the agricultural sector. I also welcome the work of the EIB Group, which is playing a key role in mobilising capital to ensure the long-term resilience of the EU’s agri-food sector.”

    The new study is the first-of-its-kind analysis of agriculture-insurance schemes across the EU. It was commissioned by the Commission’s Directorate-General for Agriculture and carried out by EIB Advisory, under the fi-compass platform, with the support of the global insurance intermediary group Howden.

    Publication of the report coincides with an EIB-Commission conference in Brussels on Insurance and access to finance for farm resilience and adaptation in the EU.

    Across the 27-nation EU, climate-induced losses for the agricultural sector average €28.3 billion a year, according to the study. That’s around 6% of annual EU crop and livestock production.

    Global warming threatens to cause greater volatility in EU agricultural yields and more instability in European farm incomes, with projected losses rising between 42% and 66% by mid-century, according to the report.

    It examines the broad impact of weather on agriculture and explores options for expanding farm insurance in Europe and for encouraging the sector to reduce risks through climate adaptation.

    Main recommendations in the report include:

    • To limit economic shocks for farmers, the EU should pursue risk-transfer measures including catastrophe bonds and public-private reinsurance arrangements
    • The EU should provide rapid-response funding when disasters occur
    • The sector as a whole should take more adaptation steps because, even with improved insurance coverage, they are critical for countering future climate risks.

    Background information   

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. The EIB finances investments in eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, the capital markets union and a stronger Europe in a more peaceful and prosperous world.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.    

    All projects financed by the EIB Group are aligned with the Paris Climate Agreement, as set out in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects that contribute directly to climate change mitigation, adaptation and a healthier environment.    

    In addition to financing, the EIB offers advisory services that help public and private partners develop and implement high-quality, investment-ready projects. In 2024 alone, EIB advisory teams helped mobilise over 200 billion of investment across Europe and beyond.

    High-quality, up-to-date photos of the organisation’s headquarters for media use are available here

    About fi-compass

    Delivered by EIB Advisory, fi-compass is a unique advisory platform established by the European Commission in partnership with the European Investment Bank (EIB). It is designed to support EU Member States and their managing authorities in the implementation of financial instruments under the European Shared Management Funds for Cohesion and Agriculture policy. The platform provides comprehensive guidance, practical know-how, and learning tools on financial instruments, helping to enhance the effectiveness and efficiency of public investments.

    About Howden

    Howden is a global insurance intermediary group with employee ownership at its heart. Founded in 1994, it provides insurance broking, reinsurance broking and underwriting services and solutions to clients ranging from individuals to the largest multinational companies.

    The group operates in 55 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 22,000 people and handling $45bn of premium on behalf of clients.

    MIL OSI Europe News

  • MIL-OSI Europe: EU Fact Sheets – European Regional Development Fund (ERDF) – 19-05-2025

    Source: European Parliament

    The European Regional Development Fund (ERDF) is one of the main financial instruments of the EUʼs cohesion policy. It was created in 1975 with the purpose of contributing to reducing disparities between the levels of development of European regions and to improving living standards in the least-favoured regions. Particular attention is paid to regions that suffer from severe and permanent natural or demographic disadvantages, such as the northernmost regions, which have very low population densities, and island, cross-border and mountainous regions.

    MIL OSI Europe News

  • MIL-OSI Europe: EU Fact Sheets – Fisheries structural assistance – 19-05-2025

    Source: European Parliament

    Funding for the fishing sector is one of the oldest components of the EU fisheries policy. The current programme is the European Maritime, Fisheries and Aquaculture Fund (EMFAF), which is worth EUR 6.108 billion over the 2021-2027 period. The EMFAF aims to support sustainable fishing in order to achieve food security through the supply of seafood products, the growth of a sustainable blue economy and healthy, safe and sustainably managed seas and oceans.

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – MEPs strike deal with Council on financial aid for Egypt

    Source: European Parliament

    On Monday night, Parliament and Council negotiators reached an agreement on a financial aid package for Egypt worth up to €4 billion in loans.

    Representatives from Parliament and the Polish presidency of the Council have secured a provisional agreement on providing Egypt with macro-financial assistance (MFA) to support its economy.

    The MFA is worth up to €5 billion in the form of loans. A short-term loan of up to €1 billion was already disbursed at the end of 2024. An additional loan of up to €4 billion will now be disbursed. Egypt will have 35 years to repay the loans.

    The release of the funds is subject to Egypt’s satisfactory implementation of the International Monetary Fund (IMF) programme and other policy measures to be agreed in a memorandum between the EU and the Egyptian authorities.

    In a yearly report to Parliament and Council, the Commission will examine the progress made, assess Egypt’s economic prospects and evaluate the loans’ impact on the economic and fiscal situation. The Commission will also evaluate steps taken to shore up democratic mechanisms and the rule of law and to protect human rights in the country.

    Quote

    Rapporteur Celine Imart (EPP, France), said: “I welcome the agreement reached with the Commission and the Council on the MFA for Egypt. It is a balanced text that will serve European interests while respecting the specific situation of our Egyptian key partner.”

    Next steps

    Before it can enter into force, the agreement needs the formal approval of both the International Trade Committee and Parliament’s plenary, as well as that of Council.

    Background

    Given Egypt’s critical economic and financial situation and its role as an important stabilising presence in an increasingly volatile region, on 24 March 2024 the Commission proposed to support the country with macro-financial assistance in the form of loans worth up to €5 billion.

    Macro-financial assistance initiatives are EU financial support packages concluded with partner countries that are struggling with financial, economic, societal challenges, to help with structural political and economic reforms.

    MIL OSI Europe News

  • MIL-OSI China: China’s renovation of old residential communities benefits 120 million people by end-2024

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

    China’s renovation of old residential communities benefits 120 million people by end-2024

    BEIJING, May 20 — China renovated 280,000 old residential communities from 2019 to 2024, benefiting more than 120 million people, Vice Minister of Housing and Urban-Rural Development Qin Haixiang said Tuesday.

    The nationwide program has benefited 48 million households, Qin said at a State Council Information Office press conference on a set of guidelines regarding the country’s urban renewal efforts.

    The renovation program has upgraded 360,000 km of aging pipelines, added 3.87 million parking spaces, and constructed 78,000 community service facilities for elderly care and childcare, according to official data.

    Local authorities have focused on addressing residents’ most pressing concerns. They also implemented energy-efficiency renovations covering 446 million square meters of residential buildings nationwide.

    Regions across China have also prioritized installing elevators in existing residential buildings as a key livelihood project. This initiative has particularly benefited the elderly and mobility-impaired.

    “This allows elderly people with mobility difficulties and trouble navigating stairs to now conveniently go downstairs to enjoy sunshine and chat with longtime neighbors,” Qin said. “This benefits their physical and mental health and has been widely welcomed by the communities.”

    By the end of 2024, China’s urbanization rate reached 67 percent, with 940 million people living in urban areas, according to official data. The country is intensifying efforts to advance its urban renewal initiative as it strives to build livable, resilient and smart cities, and to bolster high-quality development.

    In its latest push, China on May 15 unveiled a set of guidelines, pledging increased policy and financial support for urban renewal projects, which can range from gas pipe updates and lift installations to the renovation of old factories into commercial zones.

    The guidelines, issued by the general offices of the Communist Party of China Central Committee and the State Council, are designed to achieve key progress in the country’s urban renewal campaign by 2030. They also aim to improve safety conditions, enhance service efficiency, elevate living environments, develop business models, and preserve cultural heritage.

    “We’re working to improve utilization of existing resources by renovating old factories, inefficient buildings, and traditional commercial facilities,” Qin noted.

    MIL OSI China News