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  • MIL-Evening Report: USP World Press Freedom Day warnings over AI, legal reform and media safety

    World Press Freedom Day is not just a celebration of the vital role journalism plays — it is also a moment to reflect on the pressures facing the profession and Pacific governments’ responsibility to protect it.

    This was one of the key messages delivered by two guest speakers at The University of the South Pacific (USP) Journalism’s 2025 World Press Freedom Day celebrations this week, the UN Human Rights Adviser for the Pacific, Heike Alefsen, and Fiji Media Association’s general secretary, Stanley Simpson.

    In her address to journalism students and other attendees on Monday, chief guest Alefsen emphasised that press freedom is a fundamental pillar of democracy, a human right, and essential for sustainable development and the rule of law.

    “Media freedom is a prerequisite for inclusive, rights-respecting societies,” Alefsen said, warning of rising threats such as censorship, harassment, and surveillance of journalists — especially with the spread of AI tools used to manipulate information and monitor media workers.

    UN Human Rights Adviser for the Pacific Heike Alefsen (from left), USP Journalism programme head Dr Shailendra Singh, and Fiji Media Association’s general secretary Stanley Simpson . . . reflecting on pressures facing the profession of journalism. Image: Mele Tu’uakitau

    AI and human rights
     She stressed that AI must serve human rights — not undermine them — and that it must be used transparently, accountably, and in accordance with international human rights law.

    “Some political actors exploit AI to spread disinformation and manipulate narratives for personal or political gain,” she said.

    She added that these risks were compounded by the fact that a handful of powerful corporations and individuals now controlled much of the AI infrastructure and influenced the global media environment — able to amplify preferred messages or suppress dissenting voices.

    “Innovation cannot come at the expense of press freedom, privacy, or journalist safety,” she said.

    Regarding Fiji, Alefsen praised the 2023 repeal of the Media Industry Development Act (MIDA) as a “critical turning point,” noting its positive impact on Fiji’s ranking in the RSF World Press Freedom Index.

    World Press Freedom Day at The University of the South Pacific on Monday. Image: USP — the country rose four places to 40th in the 2025 survey.

    However, she emphasised that legal reforms must continue, especially regarding sedition laws, and she highlighted ongoing challenges across the Pacific, including financial precarity, political pressure, and threats to women journalists.

    According to Alefsen, the media landscape in the Pacific was evolving for the better in some countries but concerns remained. She highlighted the working conditions of most journalists in the region, where financial insecurity, political interference, and lack of institutional support were prevalent.

    “Independent journalism ensures transparency, combats disinformation, amplifies marginalised voices, and enables people to make informed decisions about their lives and governance. In too many countries around the world, journalists face censorship, detention, and in some cases, death — simply for doing their jobs,” she said.

    Strengthening media independence and sustainability
     Keynote speaker Stanley Simpson, echoed these concerns, adding that “the era where the Fiji media could survive out of sheer will and guts is over.”

    “Now, it’s about technology, sustainability, and mental health support,” he said.

    Speaking on the theme, Strengthening Media Independence and Sustainability, Simpson emphasised the need for the media to remain independent, noting that journalists are often expected to make greater sacrifices than professionals in other industries.

    “Independence — while difficult and challenging — is a must in the media industry for it to maintain credibility. We must be able to think, speak, write, and report freely on any matter or anyone,” Simpson said.

    According to Simpson, there was a misconception in Fiji that being independent meant avoiding relationships or contacts.

    “There is a need to build your networks — to access and get information from a wide variety of sources. In fact, strengthening media independence means being able to talk to everyone and hear all sides. Gather all views and present them in a fair, balanced and accurate manner.”

    He argued that media could only be sustainable if it was independent — and that independence was only possible if sustainability was achieved. Simpson recalled the events of the 2006 political upheaval, which he said contributed to the decline of media freedom and the collapse of some media organisations in Fiji.

    “Today, as we mark World Press Freedom Day, we gather at this great institution to reflect on a simple yet profound truth: media can only be truly sustainable if it is genuinely free.

    “We need democratic, political, and governance structures in place, along with a culture of responsible free speech — believed in and practised by our leaders and the people of Fiji,” he said.

    USP students and guests at the 2025 World Press Freedom Day event. Picture: Mele Tu’uakitau

    The new media landscape
     Simpson also spoke about the evolving media landscape, noting the rise of social media influencers and AI generated content. He urged journalists to verify sources and ensure fairness, balance and accuracy — something most social media platforms were not bound by.

    While some influencers have been accused of being clickbait-driven, Simpson acknowledged their role. “I think they are important new voices in our democracy and changing landscape,” he said.

    He criticised AI-generated news platforms that republished content without editorial oversight, warning that they further eroded public trust in the media.

    “Sites are popping up overnight claiming to be news platforms, but their content is just AI-regurgitated media releases,” he said. “This puts the entire credibility of journalism at risk.”

    Fiji media challenges
     Simpson outlined several challenges facing the Fiji media, including financial constraints, journalist mental health, lack of investment in equipment, low salaries, and staff retention. He emphasised the importance of building strong democratic and governance structures and fostering a culture that respects and values free speech.

    “Many fail to appreciate the full scale of the damage to the media industry landscape from the last 16 years. If there had not been a change in government, I believe there would have been no Mai TV, Fiji TV, or a few other local media organisations today. We would not have survived another four years,” he said.

    According to Simpson, some media organisations in Fiji were only one or two months away from shutting down.

    “We barely survived the last 16 years, while many media organisations in places like New Zealand — TV3’s NewsHub — have already closed down. The era where the Fiji media would survive out of sheer will and guts is over. We need to be more adaptive and respond quickly to changing realities — digital, social media, and artificial intelligence,” he said.

    Dr Singh (left) moderates the student panel discussion with Riya Bhagwan, Maniesse Ikuinen-Perman and Vahefonua Tupola. Image: Mele Tu’uakitau

    Young journalists respond
     During a panel discussion, second-year USP journalism student Vahefonua Tupola of Tonga highlighted the connection between the media and ethical journalism, sharing a personal experience to illustrate his point.

    He said that while journalists should enjoy media freedom, they must also apply professional ethics, especially in challenging situations.

    Tupola noted that the insights shared by the speakers and fellow students had a profound impact on his perspective.

    Another panelist, third-year student and Journalism Students Association president Riya Bhagwan, addressed the intersection of artificial intelligence and journalism.

    She said that in this era of rapid technological advancement, responsibility was more critical than ever — with the rise of AI, social media, and a constant stream of information.

    “It’s no longer just professional journalists reporting the news — we also have citizen journalism, where members of the public create and share content that can significantly influence public opinion.

    “With this shift, responsible journalism becomes essential. Journalists must uphold professional standards, especially in terms of accuracy and credibility,” she said.

    The third panelist, second-year student Maniesse Ikuinen-Perman from the Federated States of Micronesia, acknowledged the challenges facing media organisations and journalists in the Pacific.

    She shared that young and aspiring journalists like herself were only now beginning to understand the scope of difficulties journalists face in Fiji and across the region.

    Maniesse emphasised the importance of not just studying journalism but also putting it into practice after graduation, particularly when returning to work in media organisations in their home countries.

    The panel discussion, featuring journalism students responding to keynote addresses, was moderated by USP Journalism head of programme Dr Shailendra Singh.

    Dr Singh concluded by noting that while Fiji had made significant progress with the repeal of the Media Industry Development Act (MIDA), global experience demonstrated that media freedom must never be taken for granted.

    He stressed that maintaining media freedom was an ongoing struggle and always a work in progress.

    “As far as media organisations are concerned, there is always a new challenge on the horizon,” he said, pointing to the complications brought about by digital disruption and, more recently, artificial intelligence.

    • Fiji rose four places to 40th (out of 180 nations) in the RSF 2025 World Press Freedom Index to make the country the Oceania media freedom leader outside of Australia (29) and New Zealand (16).

    Niko Ratumaimuri is a second-year journalism student at The University of the South Pacific’s Laucala Campus. This article was first published by the student online news site Wansolwara and is republished in collaboration with Asia Pacific Report.

    USP Journalism students, staff and guests at the 2025 World Press Freedom Day celebrations at Laucala campus on Monday. Image: Mele Tu’uakitau

    Article by AsiaPacificReport.nz

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Barr, Artificial Intelligence and the Labor Market: A Scenario-Based Approach

    Source: US State of New York Federal Reserve

    Thank you for the opportunity to speak to you today.1 In my remarks, I would like to address a key question facing economists, policymakers, and people all over the world: How will artificial intelligence, particularly generative artificial intelligence, or GenAI, affect workers and the labor market in the years ahead?
    Before I turn to that issue, I’d like to touch on a topic that I expect is also of interest: the outlook for the U.S. economy and the implications for monetary policy.
    The U.S. economy entered this quarter in a relatively strong position: The unemployment rate has been low and stable, and the disinflationary process has continued on a gradual, albeit uneven, path towards our 2 percent objective. Private domestic final purchases have been solid. Overall, the economy has been resilient.
    Against that backdrop, the outlook has been clouded by trade policies that have led to an increase in uncertainty, contributing to declines in measures of consumer and business sentiment. I expect tariffs to lead to higher inflation in the United States and lower growth both in the United States and abroad starting later this year.
    In my view, higher tariffs could lead to disruption to global supply chains and create persistent upward pressure on inflation. Faced with substantial tariffs, businesses will likely change how they source intermediate inputs, and it will take time and investment for them to reroute their distribution networks. Conversely, global trade networks may change rapidly, and some suppliers may not be able to adapt quickly enough to survive these changes. This concern is particularly acute for small businesses, which are less diversified, less able to access credit, and hence more vulnerable to adverse shocks. Small businesses play a vital role in production networks, often providing specialized inputs that can’t easily be sourced elsewhere, and business failures could further disrupt supply chains. As we saw during the pandemic, such disruptions can have large and lasting effects on prices, as well as output.
    I am equally concerned that tariffs will lead to higher unemployment as the economy slows. Thus, the FOMC may be in a difficult position if we were to see both rising inflation and rising unemployment.
    The size and scope of the recent tariff increases are without modern precedent, we don’t know their final form, and it is too soon to know how they will affect the economy. Yet given the economy’s strong starting point and the progress we have made in bringing inflation back toward our 2 percent objective, monetary policy is in a good position to adjust as conditions unfold. Meanwhile, we will also be closely monitoring how technologies like artificial intelligence are being integrated into economic activity and analyzing the implications for how the economy will evolve.
    Let me now return to the longer-term question of how AI will affect the labor market. Debate about machines replacing workers is nothing new, and even artificial intelligence is not particularly new either. AI has, in some form, arguably been around for decades. Computer scientists have been developing machine learning algorithms for many years, and these algorithms have been widely used in commercial applications, such as fraud detection and advertising. Speech and facial recognition are already ubiquitous. These more long-standing forms of AI are continuing to improve, driving progress in domains ranging from finance to medical diagnosis, and becoming so deeply embedded in our daily lives that we scarcely notice them anymore.
    But GenAI promises to go much further. Unlike traditional machine learning techniques, which often focus on relatively simple prediction and classification tasks, the large language models that have emerged in recent years can generate new content—anything from news articles to computer code to images and video to customer service dialogue. Emerging forms of “agentic” AI can undertake complex, multistep tasks—for example, taking a customer through a transaction and then placing an automated order. As AI continues to develop, it will increasingly be combined with physical technologies like autonomous vehicles and advanced robotics, further extending its ability to interact with the real world. And AI may be shaping up to become what the esteemed economist Zvi Griliches called an “invention of a method of inventing” that speeds up the research and development process itself.2
    Growing evidence indicates that AI will be a “general purpose technology”—such as railroads, electricity, or computers—which is characterized by widespread adoption, complementary progress in many downstream applications, and ongoing improvement in the core technology.3 Past general purpose technologies have dramatically improved productivity. So, against this background, the natural question is, what about AI?
    In trying to understand how AI might transform work, it’s useful to consider how it could be applied in individual occupations, each of which comprises a range of tasks that vary in their susceptibility to automation. Like past waves of information technology, AI will substitute for human labor in some tasks, complement human labor in other tasks, and spur the creation of new tasks that humans will perform, at least initially.4 The net effects of AI on employment, both in the aggregate and across demographic and education groups, will depend on the relative size of these offsetting effects.
    A pessimistic view is that AI and robotics could become so capable and cost effective as to render most human labor obsolete, culminating in mass unemployment. Such concerns about technological advances are hardly a novel development. At least since the Luddites of the early 19th century tried to disable textile looms, people have feared that machines would bring about steep declines in employment, wages, and human welfare.5
    Economists have long been skeptical of that view, which suffers from the “lump of labor fallacy”—the presumption that there’s a fixed amount of work to be done, so if machines do it, humans will not.6 New technologies do eliminate some existing occupations, and not all workers benefit from technological change. But technology also creates new occupations, and the many waves of technological advances over the centuries haven’t rendered humans obsolete. For example, many of the tasks that were performed by humans in the 1950s are now performed by computers and robots, and yet the unemployment rate is similar to what it was back then, while the labor force participation rate is higher overall.
    However, the amazing potential capabilities and breadth of applications associated with AI—many of which are already apparent—make it worth asking whether this time may be different. AI holds enormous promise of faster economic growth, advances in human health, and a higher standard of living. But alongside the kinds of labor market disruptions seen in past episodes of revolutionary technological change, we will need to consider the possibility of more sweeping changes in the way we work.
    A Scenario ApproachIn a previous speech, I outlined two hypothetical scenarios describing how AI could evolve.7 In the first scenario, we see only incremental adoption that primarily augments what humans do today but still leads to significant and widespread productivity gains. In the second scenario, we see profound change, in which we extend human capabilities with far-reaching consequences.
    Today, I will apply the same approach to analyze the potential effects of AI on the labor market. Of course, there is tremendous uncertainty about how AI will evolve and how it will affect the economy, as well as society more broadly. Amid this uncertainty, a scenario-based approach can give us a framework for thinking about the potential effects of AI on employment, real wages, and productivity, as well as for considering the possible role that government could play in influencing this transition.
    Scenario 1: Incremental ProgressLet’s start with the “gradual” scenario, in which new AI technologies are adopted at a brisk, but not a breathless, pace or advance quickly at first and then plateau—perhaps because of constraints imposed by computing resources, the exhaustion of novel training data, and rising energy consumption.
    Under this scenario, AI primarily operates by automating some—but not all—tasks within many occupations. We’ve seen some of this task substitution happen already: Computer programmers rely on AI copilots to write code, allowing them to focus on higher-level tasks, while customer support agents can use chatbots to improve and expedite their responses.8 Lawyers draw on GenAI to conduct legal research, while AI-powered safety features improve the performance of human automobile drivers.
    Under this scenario, as foundational models improve, novel use cases are discovered, and businesses continue to integrate AI into their operations, more and more occupations will be affected, and many jobs will use AI tools more intensively. As these technologies improve, even incremental change may allow AI to become accurate and cheap enough to replace some occupations altogether. It’s hard to make predictions at this stage. But a plausible conjecture is that we could see, for example, fewer human programmers, lawyers, or commercial drivers. At the same time, most current occupations would persist in this scenario—albeit in modified and more productive forms.
    Beyond existing occupations, general purpose technologies also encourage the creation of new occupations, fueled by new products and novel ways of doing business. It’s difficult to envision the novel jobs that will replace the ones we might lose to an incremental AI scenario. But one possibility is that the future could bring us managers of AI agents, specialists in human–AI collaboration, ethicists, safety experts, and large numbers of people involved in adopting, maintaining, and educating about AI tools. Technology, and how we use a particular innovation, evolves in unpredictable ways, and we should expect to be surprised.
    Under this scenario, jobs remain plentiful, real wages are buoyed by productivity gains, and employment and labor force participation remain high and could even rise, if strong wage growth entices new labor market entrants and if improvements in health care increase work capacity among older or disabled individuals. If the widespread adoption of AI proceeds gradually, then workers will have time to adjust, reducing the disruption to the labor market—though, as with previous general purpose technologies, AI would likely imply that some groups of workers experience a painful process of dislocation and transition.
    Retraining could help here. A recent survey carried out by the Federal Reserve Bank of New York found that many businesses plan to retrain their workers to use AI rather than laying them off.9 In some cases, AI may disrupt career ladders by automating many entry-level tasks—such as reviewing legal documents or drafting code—that were historically performed by early-career workers. But if labor demand changes slowly enough, students and workers are more likely to have time to predict which skills will be marketable and to make and recoup human capital investments before their skills become obsolete.
    What about the effect of AI on inequality? Some research suggests that GenAI may help less-productive workers catch up to their more-productive peers.10 That said, the AI economy will likely put a premium on digital skills, facility with new technologies, and adaptability. The precedent of the computer revolution suggests that highly educated workers may benefit most, boosting wage inequality—a phenomenon called “skill-biased technological change.”11 Another possibility is that the labor share of income could decline, if capital owners benefit more than wage earners—for example, because the gains accruing from AI adoption go to large, highly capitalized firms whose technical capabilities, consumer networks, and training data allow them to develop state-of-the-art AI techniques.
    Scenario 2: TransformationNow let’s consider an alternative scenario in which AI completely transforms the economy. As I described in my earlier speech, in this transformative scenario, humans employ AI to unleash their imagination and creativity—combined with robust investment in research and development—to make rapid breakthroughs that have the potential to improve our lives. With growth propelled by swift technological progress, society’s resources would be vastly expanded, AI would spur revolutionary advances in health, and many individuals would enjoy more time for leisure activities.
    Indeed, transformative AI could bring about a state of affairs that John Maynard Keynes famously envisioned almost a hundred years ago, one in which there are “ever larger and larger classes and groups of people from whom problems of economic necessity have been practically removed.”12 At the same time, transformative AI could imply a much smaller role for human labor—a development that would entail sweeping social changes and profound challenges for government.
    Under this scenario, AI would take over a broad range of existing jobs. As economist Anton Korinek writes, “AI systems advance toward mastering all forms of cognitive work that can be performed by humans, including new tasks that don’t even exist yet.”13 Building on developments we are already starting to see, improved chatbots and AI agents would outperform their human counterparts in activities ranging from customer support to medical diagnosis. Along similar lines, advanced robotics could increasingly substitute for human workers in manual and production jobs. Widespread automation would bring many benefits. The availability and quality of many services could increase markedly, and many less-desirable jobs—such as those involving tedious tasks or dangerous working conditions—could be transferred to machines.
    What jobs would exist in this more transformative scenario? As in the more gradual scenario—and just as has happened in the past, when earlier general purpose technologies were adopted—we would see the emergence of new occupations. These would notably include jobs that involve managing the new AI-dominated economy. In addition, some existing occupations would likely persist, at least for some time. This would be the case for three key reasons. First, some jobs may prove especially hard to automate. For example, plumbers and mechanics rely on physical dexterity and adaptability to situations—attributes that machines may find difficult to replicate, or to replicate cheaply. Second, in some contexts, consumers may insist on a human touch. Patients may still want human doctors and therapists, while parents may want human teachers and caregivers to look after their children. Third, even when AI has the technical capability to carry out tasks, some jobs are likely to be protected by laws and regulations. For example, legal and political systems would likely continue to insist on human judges and elected officials. Eventually, however, an increasing share of current jobs may be automated. The technological frontier is moving quickly, consumers’ preferences may change as they become more comfortable interacting with AI, and the regulatory landscape could evolve to provide broader roles for AI.
    It’s difficult to say how many jobs will exist under transformative AI. On the one hand, it’s possible that—as has happened so often in the past—the economy will find inventive new ways to keep most people employed. On the other hand, there are concerns that some workers could experience a large enough decline in their earnings potential that paid work may no longer be an available option. Employment and labor force participation could fall; displaced workers may grapple with a loss of daily routines, social connectedness, and the meaning they derived from employment. The risk of a significant decline in employment looms large in many people’s concerns about AI, and it’s important for policymakers to be attentive to that risk.
    Even if AI ultimately creates as many jobs as it eliminates, we should expect that the transition will be difficult. Existing firms would likely reorganize their production, laying off workers in the process. They could also lose market share to technologically sophisticated start-ups, which could scale up with a minimal number of human workers managing AI subordinates.14 Many displaced workers would have obsolete skills, and skill mismatch could lead to a structural increase in unemployment as these workers retool for new occupations. It is possible that unemployment might rise only temporarily. It is also possible, however, that more sustained increases could be observed. That would be the case if technology continued to evolve too quickly for many workers to keep up, leading to continual churn and ongoing dislocation.
    How might transformative AI affect income inequality? Both traditionally high-wage occupations, such as lawyers and financial professionals, and lower-wage occupations, such as factory and retail workers, could be automated, and it is difficult to predict how AI would affect wage structures. But the largest wage gains would likely go to the highest-skilled workers, as they would be best positioned to implement frontier technologies and help oversee the AI economy. In addition, if capital owners are the main beneficiaries, the labor share of income could decline precipitously.
    Transformative AI could bring about profound improvements in living standards, leisure opportunities, and human health. At the same time, society would confront profound distributional changes and potential challenges. Much would depend on how broadly the economic benefits are shared, how policymakers respond, and how society adapts to the rapid pace of change.
    How Will We Know Which Future We Are Living in?The world looks very different across these two scenarios. As AI spreads throughout the economy, how will we know which world we’re living in, particularly in view of the likelihood that AI adoption will proceed at different rates in different occupations and industries?
    First, we will need to track how many businesses are using AI and how it is affecting their operations. Recent surveys give different impressions about AI adoption thus far, but they consistently show rapid increases in usage over time.15
    Second, we will need to monitor AI’s evolving technological capabilities. AI developers test their models against human performance in benchmark activities like standardized tests and visual tasks. Results of these tests will continue to provide important clues about which activities, and thus which occupations, are at risk of being automated. Along these lines, economists have already developed measures of occupations’ exposure to automation. They have based these measures on the characteristics of the tasks involved in different occupations.16 Of course, as the set of tasks that AI can perform expands, these measures can be updated accordingly.
    A third way to judge how AI is changing the economy is that data on job openings will likely be a leading indicator of changes in labor demand. What kinds of jobs are employers creating? What skills do they cite in job ads?17
    And, lastly, job growth by occupation and industry is likely to reflect the emerging effects of AI. So far, the imprint of AI is difficult to discern in the employment statistics, but that is likely to change. It may be difficult to disentangle the effects of AI from the other determinants of employment growth, especially in real time. But in the event of truly sweeping changes in the occupational structure, the effects of AI should show up in the data.
    Looking AheadWhat do these two scenarios imply for society? In scenario 1, the issues that society has to address will be more straightforward. Policymakers will have to decide how to regulate emergent technologies, education and training programs will have to be tailored to shifts in labor demand, and some labor market regulations may need to be updated. In scenario 2, the issues that society will need to address will be more profound. Questions will include how to ensure that the economic gains associated with AI are broadly shared across individuals and households, and how to adapt social institutions to a world in which many more individuals in their prime working years may be working less. Fortunately, although this second scenario would entail many difficult challenges, it also implies a world in which society has many more resources to deploy against those challenges.
    Those are some of the big questions that society may need to grapple with in the future, and most of these questions are not those that will be primarily addressed by monetary policymakers. As a central banker, I can speak more specifically about how structural changes in the economy related to AI could affect monetary policy considerations—in particular, the Federal Reserve’s dual mandate to promote maximum employment and stable prices. Monetary policy considerations could be affected in many ways; I will limit myself to two prominent possibilities.
    First, AI may require monetary policymakers to reassess our estimates of the natural rate of unemployment, which informs our assessment of the cyclical state of the economy and thus the appropriate stance of monetary policy. The natural rate, which we call u*, is the unemployment rate that corresponds to the maximum level of employment that can be maintained without producing undesirably high inflation. Among other things, u* depends on the efficiency with which matches are formed between workers and firms, and it could rise if shifts in labor demand across industries and occupations lead to skill mismatch and lengthy unemployment spells as workers retrain and switch careers. The natural rate also depends on the demographic composition of the labor force, which AI could affect. If AI shifts the workforce toward groups that have higher labor force attachment but lower unemployment rates (such as college graduates), the result could be downward pressure on u*. It should be stressed that u* is never directly observed and is difficult to discern in real time. But economists use a wide range of models to estimate the natural rate, and we can use those models to see how u* is changing as AI is adopted more widely.18
    Another related consideration relevant for monetary policy is how economic changes due to AI will affect the neutral interest rate, or r*, which is the level of the real interest rate consistent with the economy being at its potential and inflation being at our 2 percent objective. Economic theory suggests that a permanently higher growth rate of productivity, of the kind that might arise under either AI scenario, tends to raise r*. When that happens, a higher real interest rate would be required to deliver any desired monetary policy stance. A challenge that we face is that it is difficult to work out in real time how r* is evolving. But we can make judgments about developments in the behavior of r* by monitoring the relationship between economic activity and interest rates and by using financial market information to estimate longer-run real interest rates.
    ConclusionI’ll return to the broader point and conclude. AI is poised to transform our economy, likely in profound ways. But the speed and extent of that transformation are not yet clear. AI is likely to boost productivity, increase scientific discovery, and transform the nature of work. How these developments unfold will have important implications for society and for central bankers.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. See page 502 in Zvi Griliches (1957), “Hybrid Corn: An Exploration in the Economics of Technological Change,” Econometrica, vol. 25 (October), pp. 501–22. See also Iain M. Cockburn, Rebecca Henderson, and Scott Stern (2019), “The Impact of Artificial Intelligence on Innovation: An Exploratory Analysis,” in Ajay Agrawal, Joshua Gans, and Avi Goldfarb, eds., The Economics of Artificial Intelligence: An Agenda (Chicago: University of Chicago Press), pp. 115–48, and Martin Neil Baily, David M. Byrne, Aidan T. Kane, and Paul E. Soto (forthcoming), “Generative AI at the Crossroads: Light Bulb, Dynamo, or Microscope,” Brookings Institution working paper. Return to text
    3. The term “general purpose technology” is typically abbreviated to GPT. To avoid confusion with ChatGPT, I will continue to use the longer term. For a definition and discussion of past general purpose technologies, see Timothy F. Bresnahan and Manuel Trajtenberg (1995), “General Purpose Technologies ‘Engines of Growth’?” Journal of Econometrics, vol. 65 (January), pp. 83–108. For a discussion of whether earlier AI techniques already meet these criteria, see Avi Goldfarb, Bledi Taska, and Florenta Teodoridis (2023), “Could Machine Learning Be a General Purpose Technology? A Comparison of Emerging Technologies Using Data from Online Job Postings,” Research Policy, vol. 52 (January), 104653. For a discussion of GenAI specifically, see Tyna Eloundou, Sam Manning, Pamela Mishkin, and Daniel Rock (2023), “GPTs Are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models,” (PDF) March 17 (revised August 22). For a contrasting view that AI will have only modest effects on productivity over the next 10 years, see Daron Acemoglu (2025), “The Simple Macroeconomics of AI,” Economic Policy, vol. 40 (January), pp. 13–58. Return to text
    4. See Daron Acemoglu and Pascual Restrepo (2019), “Automation and New Tasks: How Technology Displaces and Reinstates Labor,” Journal of Economic Perspectives, vol. 33 (Spring), pp. 3–30. Return to text
    5. As David Autor writes, “There have been periodic warnings in the last two centuries that automation and new technology were going to wipe out large numbers of middle class jobs. The best-known early example is the Luddite movement of the early 19th century, in which a group of English textile artisans protested the automation of textile production by seeking to destroy some of the machines.” See page 3 in David H. Autor (2015), “Why Are There Still So Many Jobs? The History and Future of Workplace Automation,” Journal of Economic Perspectives, vol. 29 (Summer), pp. 3–30. Return to text
    6. For example, see textbook discussions of automation and unemployment by Paul A. Samuelson (1964), Economics: An Introductory Analysis, 6th ed. (New York: McGraw-Hill), pp. 333–37; and James D. Gwartney and Richard Stroup (1982), Economics: Private and Public Choice, 3rd ed. (New York: Academic Press), pp. 518–19. Return to text
    7. See Michael S. Barr (2025), “Artificial Intelligence: Hypothetical Scenarios for the Future,” speech delivered at the Council on Foreign Relations, New York, February 18. See also Anton Korinek and Donghyun Suh (2024), “Scenarios for the Transition to AGI,” NBER Working Paper Series 32255 (Cambridge, Mass.: National Bureau of Economic Research, March). Return to text
    8. For evidence that GenAI increases the productivity of human programmers, see Sida Peng, Eirini Kalliamvakou, Peter Cihon, and Mert Demirer (2023), “The Impact of AI on Developer Productivity: Evidence from GitHub Copilot,” (PDF) February 13. For similar evidence regarding customer support agents, see Erik Brynjolfsson, Danielle Li, and Lindsey Raymond (2025), “Generative AI at Work,” Quarterly Journal of Economics, vol. 140 (May), pp. 889–942. Return to text
    9. See Jaison R. Abel, Richard Deitz, Natalia Emanuel, and Benjamin Hyman (2024), “AI and the Labor Market: Will Firms Hire, Fire, or Retrain?” Federal Reserve Bank of New York, Liberty Street Economics (blog), September 4. Among surveyed businesses in New York and New Jersey, about half of businesses that planned to use AI within the next six months expected to retrain their current staff to use AI. Return to text
    10. See Shakked Noy and Whitney Zhang (2023), “Experimental Evidence on the Productivity Effects of Generative Artificial Intelligence,” Science, July 13, vol. 381 (6654), pp. 187–92. Return to text
    11. See Claudia Goldin and Lawrence F. Katz (2008), The Race between Education and Technology (Cambridge: Harvard University Press). Return to text
    12. See page 372 in John Maynard Keynes (1930), “Economic Possibilities for Our Grandchildren,” in Essays in Persuasion (New York: W.W. Norton & Company, 1963), pp. 358–73. Return to text
    13. See page 9 in Anton Korinek (2024), “The Economics of Transformative AI,” (PDF) Reporter, no. 4 (Cambridge, Mass.: National Bureau of Economic Research), pp. 9–12. Return to text
    14. See Erin Griffith (2025), “A.I. Is Changing How Silicon Valley Builds Start-Ups,” New York Times, February 20. See also Microsoft (2025), 2025: The Year the Frontier Firm Is Born, Work Trend Index Annual Report, April 23, https://www.microsoft.com/en-us/worklab/work-trend-index/2025-the-year-the-frontier-firm-is-born. Return to text
    15. For a summary of recent survey evidence on AI adoption, see Leland Crane, Michael Green, and Paul Soto (2025), “Measuring AI Uptake in the Workplace,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, February 5). Across six firm-level surveys, the share of respondents using some form of AI ranges widely—from 5 to 40 percent—likely in part reflecting differences in sample composition, question wording, and the period over which AI usage is measured. Across 10 individual-level surveys, usage of GenAI generally ranges between 20 and 40 percent, with much higher rates among computer programmers. Return to text
    16. For examples of this approach, see Carl Benedikt Frey and Michael A. Osborne (2017), “The Future of Employment: How Susceptible Are Jobs to Computerisation?” Technological Forecasting and Social Change, vol. 114 (January), pp. 254–80; Erik Brynjolfsson, Tom Mitchell, and Daniel Rock (2018), “What Can Machines Learn, and What Does It Mean for Occupations and the Economy?” AEA Papers and Proceedings, vol. 108 (May), pp. 43–47; Edward W. Felten, Manav Raj, and Robert Seamans (2018), “A Method to Link Advances in Artificial Intelligence to Occupational Abilities,” AEA Papers and Proceedings, vol. 108 (May), pp. 54–57; and Eloundou, Manning, Mishkin, and Rock, “GPTs Are GPTs” (see note 3). Return to text
    17. See Daron Acemoglu, David Autor, Jonathon Hazell, and Pascual Restrepo (2022), “Artificial Intelligence and Jobs: Evidence from Online Vacancies,” Journal of Labor Economics, vol. 40 (April), pp. S293–340. Return to text
    18. See Brandyn Bok, Richard K. Crump, Christopher J. Nekarda, and Nicolas Petrosky-Nadeau (2023), “Estimating Natural Rates of Unemployment: A Primer,” (PDF) Working Paper Series 2023-25 (San Francisco: Federal Reserve Bank of San Francisco, August). One approach for estimating u* is to aggregate across demographic groups that differ in their average unemployment rates over long periods. Another common approach is to estimate state-space models that incorporate a Phillips curve relationship between unemployment and inflation, as in Thomas Laubach (2001), “Measuring the NAIRU: Evidence from Seven Economies,” Review of Economics and Statistics, vol. 83 (May), pp. 218–31. In addition, assessments of the natural rate can be informed by models that yield estimates of matching efficiency, such as Regis Barnichon and Andrew Figura (2015), “Labor Market Heterogeneity and the Aggregate Matching Function,” American Economic Journal: Macroeconomics, vol. 7 (October), pp. 222–49; and Hie Joo Ahn and Leland D. Crane (2020), “Dynamic Beveridge Curve Accounting,” Finance and Economics Discussion Series 2020-027 (Washington: Board of Governors of the Federal Reserve System, March). Return to text

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: HyD holds sharing session on Hong Kong’s major transport infrastructure projects to exchange innovative engineering experiences with Mainland counterparts in Shanghai (with photos)

    Source: Hong Kong Government special administrative region

         The Director of Highways, Mr Tony Yau, today (May 9) led a department delegation in a sharing session on Hong Kong’s major transport infrastructure projects with Mainland counterparts in Shanghai to jointly exchange innovative experiences in implementing transport infrastructure works. The sharing session attracted the participation of many Mainland counterparts, who came from more than 20 contractors, light-rail manufacturers, railway operators, design institutes, etc which are respectively central state-owned enterprises, state-owned enterprises and civilian-run enterprises, including China Railway Group Limited, China Road and Bridge Corporation, China Railway Construction Corporation Limited represented by China Civil Engineering Construction Corporation, CRRC Nanjing Puzhen Company Limited, CRRC Qingdao Sifang Company Limited, CRRC Zhuzhou Institute Company Limited, BYD Company Limited, Shanghai Shenkai Public Transport Operation Management Company Limited, and Shanghai Municipal Engineering Design Institute (Group) Company Limited, etc.

         At the sharing session, the Highways Department (HyD) introduced the major findings of the Strategic Studies on Railways and Major Roads beyond 2030, which covered cross-boundary railway projects (the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) and the Northern Link Spur Line); smart and green mass transit systems (the East Kowloon Line and the South Island Line (West)); and strategic route projects (the Northern Metropolis Highway and Route 11) being planned and implemented by the department to the Mainland counterparts. The attendees were very interested in the implementation of these projects.

         The HyD will soon seek funding approval for the investigation and design work of the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) project from the Legislative Council. Government Engineer of Railway Development Mr Thomas Sze said at the sharing session that the preliminary design of the project would commence in the second half of 2025, while at the same time the department would invite relevant contractors and operators to submit expressions of interest to provide their views on project proposals, procurement and financial agreements, so as to facilitate the department in ascertaining the market’s interest and capability in the construction and operation of the project, thereby formulating appropriate tender specifications and terms. Mr Sze appealed for active participation of interested parties and added that the HyD would strive to award the works contract and commence the detailed design and construction works between 2027 and 2028, with a view to completing the works and achieving simultaneous commissioning of the Hong Kong section and the Shenzhen section by 2034 to 2035. In addition, the HyD is actively exploring with Mainland counterparts to adopt Mainland design standards and construction specifications in the Hong Kong-Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) project as a cross-boundary railway project, as well as the arrangement of introducing Mainland new machineries, construction materials and innovative construction technologies in the project, with an aim to further achieving savings in construction costs and compressing construction time.

         Mr Yau said that the teams of Hong Kong’s major infrastructure projects have always possessed the features of internationalisation, with many major infrastructures jointly designed and constructed by leading local and global engineering firms in the past. He hoped that the department would adopt a “technological innovation” and “policy innovation” dual-innovation mindset and approach to attract more Mainland enterprises to participate in the implementation of Hong Kong’s infrastructure projects, thereby introducing advanced and innovative construction technologies as well as new construction materials and machineries from the Mainland, while integrating the unique experience of the local engineering talent in responding to environmental challenges in Hong Kong, allowing the engineering sectors on the Mainland and in Hong Kong to jointly capitalise on their respective strengths and join hands to lead the development of Hong Kong’s engineering technology to new heights, thus achieving the goal of further shortening construction times and reducing construction costs.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Toobit in Dubai: Championing Crypto Culture as CFN Official Sponsor

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, May 09, 2025 (GLOBE NEWSWIRE) — In a city known for its innovation and world-class events, Toobit‘s sponsorship of Crypto Fight Night (CFN) Dubai 2025 on 1 May this year showcased the exciting connection between blockchain, entertainment, and community building.

    Held in conjunction with TOKEN2049, CFN Dubai 2025 combined sports and blockchain, attracting a global audience during one of the busiest weeks in the crypto calendar.

    Not unlike TOKEN2049, the event also provided a powerful platform for athletes, creators, and crypto leaders to unite—reflecting the qualities of resilience, precision, and performance that align with Toobit’s vision for the digital asset space.

    Crypto Culture Comes Alive

    Alongside co-sponsors memecoin BONK, stablecoin Solstice, and blockchain venture Ghaf Studios, the award-winning exchange’s presence at CFN Dubai 2025 is perhaps also representative of where and how crypto subculture is headed. No longer confined to sterile conference halls or technical panels, blockchain is finding expression in arenas, festivals, and entertainment venues.

    A large part of that is due to crypto’s inherent demographic. Mostly young, digitally native, and culturally fluent, this generation is building their identities around the assets they’re investing in. They want to see their values reflected in the events that merge tech, lifestyle, and high-energy storytelling. And CFN Dubai 2025 delivered exactly that.

    It was also an opportunity to engage directly with users, creators, and builders in one of the world’s most energized digital hubs. By supporting the event and introducing crypto to the wider sports demographic, the cryptoasset platform was able to enhance the visibility of blockchain applications, reaching over 20,000 concurrent viewers across the official livestream and separate watch parties hosted by the sponsors.

    The Highlight

    A highlight of CFN Dubai 2025 was the match between Brian Rose, “The OG”, and Modrick Buck, “The Warrior”.

    Brian, 53, is an American-born British podcaster based in London. He is a digital finance advocate and even ran for Mayor of London. Brian hosts London Real, a podcast and former YouTube channel he started in 2011. He made his debut entrance into pro boxing during the match.

    29-year-old Modrick Buck, a young musician and boxer, faced Brian in the ring. In the blue corner, he was eager to add another win to his professional record.

    “The Warrior” was not able to get the first round knockout that he predicted, with “The OG” holding strong till the end of the match.

    After three intense rounds, Modrick Buck claimed a tight victory with scores of 30-27, 30-27, and 28-29 from the three judges.

    Built on Partnerships

    Despite having no operations nor office in Dubai, Toobit’s attendance at TOKEN2049 and CFN Dubai this year was one stop on a broader journey across the globe.

    Earlier, the digital asset exchange sponsored Web3 Amsterdam, an annual event that brings together Web3 enthusiasts, innovators, and industry leaders to explore the latest trends and foster collaboration in the Netherlands.

    Toobit is set to grace the picturesque city again later this month as a platinum sponsor of Dutch Blockchain Week 2025, continuing its expanding presence in one of Europe’s most innovative blockchain hubs.

    The exchange has also recently been named Best Crypto Exchange MENA 2025 at the World Business Outlook Awards.

    With a newly acquired Polish license issued by the Polish Financial Supervision Authority (KNF), Toobit’s regulatory path continues to evolve alongside their global user base, empowering users and communities with real tools, transparent systems, and meaningful participation.

    What’s Next for Toobit?

    Global expansion continues to be on the cards for Toobit, who has prioritized building its foundations over the promises of hype often found in crypto.

    The exchange uses a transparent system, with a publicly verified proof-of-reserves that is independently checked by third-party firms. These include blockchain security experts like Hacken, Beosin, and Elliptic, who conduct regular security assessments.

    CFN Dubai 2025 brought this vision to life. From the fighters in the ring to the fans in the stands, the event displayed the same resilience and strategy that define successful traders and teams in the Web3 space.

    Toobit is not just building technology. True to its motto of giving “A Bit More Than Crypto”, it’s shaping the communities behind it as a fast-growing global crypto exchange.

    As crypto enters a new era of global adoption, Toobit remains focused on providing a secure, seamless, and user-friendly trading experience.

    Disclaimer: Toobit does not currently offer any virtual asset services in the UAE and is not licensed by the Dubai Virtual Assets Regulatory Authority (VARA). Toobit will only provide such services, if any, in Dubai after receiving required licenses from VARA.

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.
    Email: market@toobit.com
    Website: www.toobit.com

    Disclaimer: This is a paid post and is provided by Toobit. 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/62814f49-bfe1-45eb-8987-7864dab580a4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0e3a80df-1cdb-45f8-bba1-38cd41cf2280

    https://www.globenewswire.com/NewsRoom/AttachmentNg/df53cc52-d0cb-4c33-94d0-039f96cf5140

    The MIL Network –

  • MIL-OSI: ZA Miner Launches Cloud Mining Platform to Help Users Earn Passive Income Securely and Easily

    Source: GlobeNewswire (MIL-OSI)

    ZA Miner Image.

    MIDDLESEX, United Kingdom, May 09, 2025 (GLOBE NEWSWIRE) — As interest in digital assets continues to expand, ZA Miner launches its cloud-based crypto mining service, offering users a practical and secure way to earn passive income. With cloud mining, users can participate in cryptocurrency mining operations without owning physical hardware, making daily returns more accessible to a wider range of investors.

    Regulated and Transparent Crypto Mining

    ZA Miner is registered and regulated by the UK Financial Conduct Authority (FCA), ensuring all services meet strict compliance and operational standards. By prioritizing safety and transparency, ZA Miner provides a secure environment where users can mine digital assets with peace of mind. The platform eliminates the need for technical knowledge, expensive equipment, or ongoing maintenance costs.

    Simple Setup and Flexible Contracts

    ZA Miner is designed for both beginners and experienced crypto investors. Getting started is quick and easy:

    • $150 Welcome Credit – New users receive a trial balance to experience the mining process risk-free.
    • Flexible Mining Contracts – A range of contract terms are available to suit different budgets and goals.
    • Consistent Daily Returns – Users earn stable income throughout the contract period.
    • Live Dashboard Access – Investors can monitor mining performance, earnings, and withdrawals in real time.

    ZA Miner contracts.

    Full Control and Easy Withdrawals

    Users maintain full control of their funds with the ability to withdraw or convert earnings at any time. Each contract clearly displays expected returns, helping users make informed decisions based on their financial objectives. The platform’s interface is intuitive, allowing users to view profit projections, contract status, and account activity.

    Meeting the Demand for Passive Crypto Income

    As more investors look to diversify their portfolios, ZA Miner stands out as a reliable solution. Its compliant framework, user-friendly features, and low entry barrier make it an appealing choice for those interested in passive crypto income. Whether you’re new to digital assets or already active in the space, ZA Miner offers an efficient path to participate in cloud mining.

    About ZA Miner

    ZA Miner is a UK FCA-regulated cloud mining platform offering secure, transparent services for individuals seeking consistent passive income through crypto mining.

    Media Contact:
    SHEIKH, Anisah Fatema
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com/

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c2362595-f20c-428e-852d-45c0f3a9f57b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c69477db-64e4-41cc-8da6-2af59cba5ed1

    The MIL Network –

  • MIL-OSI United Kingdom: Charity regulator criticises charity over repeated breaches

    Source: United Kingdom – Government Statements

    Press release

    Charity regulator criticises charity over repeated breaches

    The Charity Commission has issued an Official Warning.

    The Charity Commission, the regulator of charities in England and Wales, has issued the Oxford Initiative for British Islam with an Official Warning after the charity failed to file accounting records on time for five consecutive years.

    The charity – a  think tank and research institute – was 397 days late filing its 2019 accounts, 32 days late filing its 2020 accounts, 367 days late filing its 2021 accounts, 282 days late filing its 2022 accounts, and 74 days late filing its most recent accounts (and other records), for the financial year ended 31 December 2023.

    Charities are given 10 months after the end of their financial year to file. The charity’s failures to do so amount a breach of trust or duty, or misconduct and/or mismanagement in the administration of the charity. The Official Warning notes that the charity is to take steps to ensure all future annual accounting records are submitted to the Commission within the statutory deadline, and that failure to do so may lead to further regulatory action.

    The regulator opened a regulatory compliance case involving the charity in April 2024, after concerns were raised that the charity’s Chair made a number of concerning comments in an interview, including drawing a comparison between Zionism and Nazism and saying politicians should be “identified” if they have family links to Judaism or Zionism because “the public should know that [they] are not objective and unbiased.”

    The trustees told the Commission that the Chair made the comments in a personal capacity, not on behalf of the charity. The Commission recognises the importance of freedom of expression for those leading charities but also expects trustees to be aware of the potential impact of comments on their charity’s reputation.

    In this case the Commission concluded that the trustees failed to take sufficient action to distinguish the charity’s identity from the Chair’s comments in a personal capacity, in order to protect the charity’s reputation. The Chair’s name is often publicly associated with the charity, as it was in reporting of these comments. The Commission has therefore issued regulatory guidance requiring the trustees to implement effective written policies and procedures to manage situations in future.

    The Commission is also critical of the trustees’ cooperation with its officials during the compliance case. The regulator expended considerable resources chasing the trustees and its delegates for responses, in pursuit of crucial information. This resulted in the Commission having to exercise its powers on two occasions to compel the trustees, by way of a legal order, to provide both answers to questions and certain documents.

    Steve Roake, Assistant Director of Investigations and Compliance at the Charity Commission said:

    The law requires all trustees to meet core duties and responsibilities, including to prepare and submit financial reporting documents on time, to protect their charity’s reputation and good name, and to cooperate with the Commission’s enquiries.

    Sadly, our case involving the Oxford Initiative for British Islam found that the trustees repeatedly failed to meet their legal duties and responsibilities, putting the charity at risk of harm. We also found that the trustees did not take sufficient steps to distance their charity from comments made by its Chair, and are critical of the trustees for this failure.

    We hope the trustees will learn lessons from these incidents to improve the charity’s governance for the future.

    The Charity Commission’s case opened in April 2024 and concluded in April 2025.

    Ends

    Notes to editors:

    1. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: China, Russia Propose Model of International Relations and Great Power Cooperation – Joint Statement

    Translation. Region: Russian Federal

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

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

    MOSCOW, May 9 (Xinhua) — China and Russia have proposed a model of new international relations and cooperation between great powers and each other’s largest neighbors, according to a joint statement released here on Thursday.

    A joint statement by China and Russia on further deepening the comprehensive partnership and strategic cooperation in the new era was published following talks between Chinese President Xi Jinping and Russian President Vladimir Putin in the Russian capital.

    The statement noted that relations between China and Russia have reached the highest level in their history and continue to develop confidently and comprehensively.

    China and Russia, as important trading partners of each other, unanimously note that bilateral mutually beneficial cooperation has made a positive contribution to improving the well-being of the peoples of the two countries, the statement said.

    In order to further promote mutually beneficial cooperation, the parties agreed to promote the stable development of bilateral trade and improve the structure of trade turnover, including by increasing the share of high-tech products and developing innovative methods of electronic commerce.

    The two sides will work to deepen investment ties and strengthen the comprehensive energy partnership, the statement said.

    According to the document, the parties will also expand and build up the potential for scientific and technical cooperation, including by forming new areas of cooperation in the field of innovation, fundamental and applied research, organize regular joint competitions and the implementation of scientific research projects, and support the creation of new formats of scientific and technical cooperation.

    The statement said that the two countries will comprehensively deepen multifaceted bilateral practical cooperation and ensure its significant qualitative advancement by 2030 in such areas as trade and economic, customs, agricultural, transport, financial, industrial, environmental cooperation, as well as cooperation in the field of space and satellite navigation, nuclear energy, urban development, healthcare and information and communication technologies. –0–

    MIL OSI Russia News –

  • MIL-OSI: Fast Payout Casinos – JACKBIT Picked as the Fastest Withdrawal Casino Site for 2025

    Source: GlobeNewswire (MIL-OSI)

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    The MIL Network –

  • MIL-OSI Russia: Xi Jinping, Swedish King exchange congratulations on 75th anniversary of diplomatic relations

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — Chinese President Xi Jinping and Swedish King Carl XVI Gustaf on Friday exchanged congratulations on the 75th anniversary of the establishment of diplomatic ties between the two countries.

    In his telegram, Xi Jinping noted that Sweden was one of the first European countries to establish diplomatic relations with China.

    According to him, in the 75 years since the establishment of diplomatic ties, Sino-Swedish relations have generally remained stable. Bilateral cooperation in areas such as economy and trade, science and technology, education and people-to-people exchanges has been constantly expanding, and positive results have been achieved.

    Xi Jinping stressed that he attaches great importance to the development of China-Swedish relations and is willing to work with King Carl XVI Gustaf to take this anniversary as a new starting point to strengthen political mutual trust, deepen practical cooperation, expand people-to-people and cultural exchanges, jointly support multilateralism and free trade, so as to bring greater benefits to the peoples of the two countries and make greater contributions to world peace and prosperity.

    On the occasion of the 75th anniversary of the establishment of diplomatic relations, King Carl XVI Gustaf expressed his sincere wishes for further deepening of close cooperation between Sweden and China and hope for the continuous development of bilateral friendly relations. –0–

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Transport Secretary forges landmark deal to progress new Swiss rail link

    Source: United Kingdom – Government Statements

    Press release

    Transport Secretary forges landmark deal to progress new Swiss rail link

    Direct rail link between UK and Switzerland could boost tourism and grow our economy, while offering a greener option for passengers.

    • deal with the Swiss Federal government paves the way for a new direct rail connection to Switzerland
    • agreement aims to boost cross-border travel, strengthen trade links, and support greener transport across the continent
    • move part of the government’s wider plan to boost international rail connectivity and deliver more options for passengers

    Millions of passengers could benefit from quicker, greener and more convenient travel across Europe as the Transport Secretary signs a landmark agreement to progress a new direct rail link to Switzerland.

    A Memorandum of Understanding (MoU) signed today (9 May 2025) between the Transport Secretary, Heidi Alexander, and Federal Councillor, Albert Rösti, will lay the groundwork for future commercial services that could boost tourism to the UK, support jobs and businesses and strengthen cross-border trade.

    This landmark agreement, signed today at London St Pancras Station, signifies the government’s ambition to boost sustainable transport links across Europe and unlock the significant economic, social and environmental benefits a direct rail connection brings.

    The move will help formalise cooperation between the 2 governments, building on industry efforts, to address the barriers to establishing direct rail services, in particular the need to establish border controls and meet Channel Tunnel safety rules.

    It will also support the industry’s existing plans to realise long-term ambitions for enhanced rail connectivity between the UK and central Europe.

    Transport Secretary, Heidi Alexander, said:

    This is an exciting and important milestone in our efforts to strengthen international rail connections and promote greener travel to Europe.

    A direct rail link between the UK and Switzerland has the potential to boost tourism, grow our economy and bring people closer together – all while offering a greener option for passengers.

    This is what our Plan for Change is about – breaking down international barriers and making bold, long-term decisions to better connect Britain and boost our economy.

    Federal Councillor, Albert Rösti, said:

    A direct rail connection between Switzerland and the United Kingdom is an ambitious goal.

    With today’s memorandum of understanding, we are establishing the basis to jointly examine concrete next steps. Such a connection would send a strong signal for international public transport.

    Following today’s signing, a joint working group will be established, bringing together government and industry experts from both countries to examine how best to overcome the commercial and technical barriers to launching a direct service.

    This includes establishing Channel Tunnel safety requirements, new security arrangements and facilitating conversations with operators.

    The new working group will hold its first meeting in the coming months to begin developing a clear action plan addressing operational, regulatory, policy and commercial requirements.

    Robert Sinclair, CEO of London St. Pancras Highspeed, said:

    We strongly welcome the UK and Swiss governments’ active cooperation to create a sustainable international rail border arrangement between the two countries.

    This exciting announcement brings us one step closer to direct high-speed services between London and Switzerland, building on the preliminary work already undertaken to ensure that station access and routes are in place to make this a reality.  

    London St. Pancras Highspeed is enabling the growth of international high-speed rail services from London. As well as our ongoing work to expand capacity at St. Pancras International, we recently launched a new International Growth Incentive Scheme, which supports the launch of new destinations across Europe, including cities in Switzerland. We look forward to continuing our discussions with the Swiss National Railway, SBB, to help realise this fantastic opportunity.

    Gwendoline Cazenave, CEO Eurostar, said:

    We welcome steps to strengthen sustainable travel between the UK and Switzerland. Eurostar customers can now book their entire journey between London and Geneva, Zurich, Basel or Lausanne via Paris. This is a first step in a wider plan with our partners to grow connections in the greenest way.

    Rail media enquiries

    Media enquiries 0300 7777878

    Switchboard 0300 330 3000

    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: President Lai extends congratulations on election of His Holiness Pope Leo XIV  

    Source: Republic of China Taiwan

    Details
    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
    2025-05-01
    President Lai meets Japan’s LDP Youth Division delegation
    On the morning of May 1, President Lai Ching-te met with a delegation from Japan’s Liberal Democratic Party (LDP) Youth Division. In remarks, President Lai thanked the guests for demonstrating support for deepening Taiwan-Japan ties through concrete actions. The president expressed hope that Taiwan and Japan can continue to conduct exchanges in such areas as national defense, the economy, education, culture, sports, and the arts so that bilateral relations reach even greater heights. A translation of President Lai’s remarks follows: I want to welcome our distinguished guests, who include Diet members in the LDP Youth Division and guests from Junior Chamber International (JCI) Japan, to the Presidential Office. It is also a pleasure to see LDP Youth Division Director Nakasone Yasutaka, House of Representatives Member Hiranuma Shojiro, and House of Councillors Member Kamiya Masayuki again today. I look forward to discussions with all our distinguished guests. The LDP Youth Division and JCI Japan have once again demonstrated support for deepening Taiwan-Japan ties through concrete actions. On behalf of the people of Taiwan, I also want to thank the LDP Youth Division for launching a fundraising campaign to help those affected by the earthquake in Hualien County on April 3 last year. LDP Youth Division members will be important leaders in Japan’s political arena in the future. Taiwan deeply values our exchanges with the Youth Division and hopes to bring about concrete results from such exchanges. Peace and stability in the Taiwan Strait are critical to the security and prosperity of the world, and Taiwan and Japan can work together to promote peace and stability in the Indo-Pacific region. Former Prime Ministers Abe Shinzo and Kishida Fumio, and current Prime Minister Ishiba Shigeru have repeatedly stressed the importance of peace and stability in the Taiwan Strait at important international venues. Taiwan is deeply grateful to Japan’s current and former prime ministers for their concern and support for this issue. Taiwan and Japan can also cooperate in industry and the economy. As our industries are complementary, further cooperation can create win-win outcomes. In the semiconductor industry, for instance, Taiwan’s strengths lie in manufacturing, while Japan’s strengths lie in materials, equipment, and technology. If we work together, the semiconductor industry is sure to see even more robust development. In addition to the economy and national defense, Taiwan and Japan can also conduct exchanges in such areas as education, culture, sports, and the arts. Our countries have long shared deep ties – Director Nakasone’s grandfather, former Prime Minister Nakasone Yasuhiro, was stationed in Taiwan and lived in what is now the Mingde New Residential Quarter of Kaohsiung City’s Zuoying District. I am confident that on the basis of our already solid foundations, Taiwan-Japan relations can reach even greater heights. Director Nakasone then delivered remarks, first thanking President Lai for finding time in his busy schedule to meet with the visiting delegation. He said that the LDP Youth Division sends a visiting delegation to Taiwan each year and is always granted the opportunity to meet with the president, demonstrating his high regard for the delegation, for which the director again expressed his gratitude. He remarked that he, together with House of Representatives Member Suzuki Keisuke, visited Taiwan last July, and that whenever he visits Taiwan, it feels as if he is returning home. Director Nakasone recalled President Lai’s earlier remarks, saying that he hopes the young people of Taiwan and Japan can fully engage in exchanges in the areas of national defense, the economy, culture, education, and the arts. The director said he believes that in today’s complex and difficult international situation, such directives are necessary. This is especially so, he emphasized, during United States President Donald Trump’s second term, when things once taken for granted are no longer so, and when the global economy is undergoing significant changes. Director Nakasone expressed his full support for strengthening Taiwan and Japan’s practical and strategic cooperation. He said he believes each side will be able to benefit from such cooperation and hopes that exchanges will progress toward shared goals. He pointed out that, as maritime nations, Taiwan and Japan share the goals of protecting the ocean and using marine resources wisely, goals that we ought to cooperate on and devote our full efforts to. The peace and stability of the Taiwan Strait are critical to the peace and stability of East Asia and even the world, he said, so we must ensure that the world and its leaders recognize this point, and Japan will do its utmost to advocate for it. Director Nakasone said, on the topic of semiconductors, that Taiwan Semiconductor Manufacturing Company’s new fab in Japan’s Kumamoto Prefecture has made the area very lively, adding that the Japanese government is providing more than 1.25 trillion yen in subsidies. Moving forward, the Japanese government plans to inject an additional 10 trillion yen, he said, to aid in the development of AI and other fields. Noting that Taiwan and Japan both excel in semiconductors, he expressed his hope that each can give free rein to its strengths to produce an even greater effect. Director Nakasone said that despite Taiwan’s facing formidable internal and external circumstances, it saw 4.6 percent economic growth last year under President Lai’s strong leadership, and it continued to promote measures to enhance overall societal resilience, all of which is admirable. In closing, the director thanked President Lai once again for taking the time to meet with them. Also in attendance were Japanese House of Representatives Members Nemoto Taku and Fukuda Kaoru, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-29
    President Lai meets NBR delegation  
    On the morning of April 29, President Lai Ching-te met with a delegation from the National Bureau of Asian Research (NBR). In remarks, President Lai stated that as Taiwan stands at the very frontline of defense of global democracy, we are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, demonstrating our commitment to defending freedom and democracy. The president said he hopes to further advance national security and industrial cooperation between Taiwan and the United States. He also expressed hope that this will help boost economic resilience for both sides and establish each as a key pillar of regional security, elevating our relations to even higher levels. A translation of President Lai’s remarks follows: I am delighted to meet with Admiral John Aquilino again today. I also warmly welcome NBR President Michael Wills and our distinguished guests from the bureau to Taiwan. I look forward to exchanging views with you all on Taiwan-US relations and the regional situation. During his tenure as commander of the US Indo-Pacific Command, Admiral Aquilino placed much attention on the Taiwan Strait issue. And the NBR has conducted a wealth of research and analysis focusing on matters of regional security. Thanks to all of your outstanding contributions and efforts, the international community has gained a better understanding of the role Taiwan plays in the Indo-Pacific region and in global democratic development. For this, I want to extend my deepest gratitude. Taiwan stands at the very frontline of defending global democracy and is located at a strategically important location in the first island chain. We are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, building economic security, demonstrating stable and principled cross-strait leadership, and standing side-by-side with the democratic community to jointly demonstrate the strength of deterrence and safeguard regional peace and stability. At the beginning of this month, I announced an increase in military allowances for volunteer service members and combat troops. The government will also continue to reform national defense and enhance self-sufficiency in defense. In addition, we will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. These efforts continue to strengthen Taiwan’s self-defense capabilities and demonstrate our commitment to defending freedom and democracy. As we mark the 46th anniversary of the enactment of the Taiwan Relations Act, we thank the US government for continuing its arms sales to Taiwan and strengthening the Taiwan-US partnership over the years. We believe that, in addition to engaging in military exchanges and cooperation, Taiwan and the US can build an even closer economic and trade relationship, boosting each other’s economic resilience and establishing each as a key pillar of regional security. I expect that your continued assistance will help advance national security and industrial cooperation between Taiwan and the US, elevating our relations to even higher levels. Once again, I welcome our distinguished guests to Taiwan and wish you a pleasant and successful trip. I hope that through this visit, you gain a more comprehensive and in-depth understanding of Taiwan’s economy and national defense. Admiral Aquilino then delivered remarks, thanking the Ministry of National Defense for the invitation and President Lai for receiving and spending time with them. Mentioning that this is his second visit in five months, he said he continues to be incredibly impressed with the president’s leadership and the actions he has taken to secure Taiwan and defend its people. Admiral Aquilino said that he has watched the efforts of the ministers on whole-of-society defense to demonstrate deterrence and added that the pace of the work is nothing short of inspiring. Admiral Aquilino noted that Taiwan’s thriving democracy is incredibly important to the peace and stability of the region. He stated that he, alongside the NBR, will continue to offer support, noting that President Wills and his team are an asset to Taiwan and the US that helps continue our close relationship and ensure peace and stability in the region.  

    Details
    2025-04-28
    President Lai meets Japanese Diet Member and former Minister of State for Economic Security Takaichi Sanae
    On the afternoon of April 28, President Lai Ching-te met with a delegation led by Member of the Japanese House of Representatives and former Minister of State for Economic Security Takaichi Sanae. In remarks, President Lai thanked the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. The president expressed hope that in the face of China’s continually expanding red supply chains, Taiwan and Japan can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that enhance economic resilience and industrial competitiveness for both sides, and jointly pave the way for further prosperity and growth in the Indo-Pacific region. A translation of President Lai’s remarks follows: First, I would like to extend a warm welcome to Representative Takaichi as she returns for another visit to Taiwan. I am also very happy to have Members of the House of Representatives Kikawada Hitoshi and Ozaki Masanao, and Member of the House of Councillors Sato Kei all gathered together here to engage in these very important exchanges. Our visitors will be taking part in many exchange activities during this trip. Earlier today at the Indo-Pacific Strategy Thinktank’s International Political and Economic Forum, Representative Takaichi delivered a speech in which she clearly demonstrated the great importance she places upon the friendship between Taiwan and Japan. For this I want to express my deepest appreciation to each of our guests. The peoples of Taiwan and Japan have a deep friendship and mutual trust. We have a shared commitment to the universal values of democracy, freedom, and respect for human rights, but beyond that, we both have striven to contribute to regional peace and stability. I also want to thank the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. Tomorrow you will all make a trip to Kaohsiung to visit a bronze statue of former Prime Minister Abe Shinzo, who once said, “If Taiwan has a problem, then Japan has a problem.” We will always remember the firm support and friendship he showed Taiwan. Since taking office last year, I have worked hard to improve Taiwan’s whole-of-society defense resilience and implement our Four Pillars of Peace action plan. By strengthening our national defense capabilities, building up economic security, demonstrating stable and principled cross-strait leadership, and deepening partnerships with democratic countries including Japan, we can together maintain peace and stability in the Indo-Pacific region and across the Taiwan Strait. At the same time, in the face of China’s continually expanding red supply chains, we hope that Taiwan and Japan, as important economic and trade partners, can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that further enhance economic resilience and industrial competitiveness for both sides. Going forward, Taiwan will work hard to play an important role in the international community and contribute its key strengths. I hope that, with the support of our guests, Taiwan can soon accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and sign an economic partnership agreement (EPA) with Japan so that we can jointly pave the way for further prosperity and growth in the Indo-Pacific region. Lastly, I thank each of you once again for taking concrete action to support Taiwan. I am confident that your visit will help deepen Taiwan-Japan ties and create even greater opportunities for cooperation. Let us all strive together to keep propelling Taiwan-Japan relations forward.  Representative Takaichi then delivered remarks, first thanking President Lai and Taiwanese political leaders for the warm hospitality they extended to the delegation, and mentioning that the visiting delegation members are all like-minded partners carrying on the legacy of former Prime Minister Abe. July 8 this year will mark the third anniversary of the passing of former Prime Minister Abe, she said, and when the former prime minister unfortunately passed away, President Lai, then serving as vice president, was among the first to come offer condolences, for which she expressed sincere admiration and gratitude. Representative Takaichi stated that Taiwan and Japan are island nations that face the same circumstances and problems, and that Japan’s trade activities rely heavily on ocean transport, so once a problem arises nearby that threatens maritime shipping lanes, it will be a matter of life and death for Japan. Taiwan and Japan are similar, as once a problem arises, both will face food and energy security issues, and supply chains may even be threatened, she said. Regarding Taiwan-Japan cooperation, Representative Takaichi stated that both sides must first protect and strengthen supply chain resilience. President Lai has previously said that he wants to turn Taiwan into an AI island, she said, and in semiconductors, Taiwan has the world’s leading technology. Representative Takaichi went on to say that Taiwan and Japan can collaborate in the fields of AI and semiconductors, quantum computing, and dual-use industries, as well as in areas such as drones and new energy technologies to build more resilient supply chains, so that if problems arise, we can maintain our current standard of living with peace of mind. Representative Takaichi indicated that cooperation in the defense sector is also crucial, and that by uniting like-minded countries including Taiwan, the United States, Japan, the Philippines, and Australia, and even countries in Europe, we can build a stronger network to jointly maintain our security guarantees. Representative Takaichi expressed hope that Taiwan and Japan will continue to strengthen substantive non-governmental relations, including personnel exchange visits and information sharing, so that we can jointly face and respond to crises when they arise. Regarding the hope to sign a Taiwan-Japan EPA that President Lai had mentioned earlier, she also expressed support and said she looks forward to upcoming exchanges and talks. The visiting delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-06
    President Lai delivers remarks on US tariff policy response
    On April 6, President Lai Ching-te delivered recorded remarks regarding the impact of the 32 percent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. In his remarks, President Lai explained that the government will adopt five response strategies, including making every effort to improve reciprocal tariff rates through negotiations, adopting a support plan for affected domestic industries, adopting medium- and long-term economic development plans, forming new “Taiwan plus the US” arrangements, and launching industry listening tours. The president emphasized that as we face this latest challenge, the government and civil society will work hand in hand, and expressed hope that all parties, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. A translation of President Lai’s remarks follows: My fellow citizens, good evening. The US government recently announced higher tariffs on countries around the world in the name of reciprocity, including imposing a 32 percent tariff on imports from Taiwan. This is bound to have a major impact on our nation. Various countries have already responded, and some have even adopted retaliatory measures. Tremendous changes in the global economy are expected. Taiwan is an export-led economy, and in facing future challenges there will inevitably be difficulties, so we must proceed carefully to turn danger into safety. During this time, I want to express gratitude to all sectors of society for providing valuable opinions, which the government regards highly, and will use as a reference to make policy decisions.  However, if we calmly and carefully analyze Taiwan’s trade with the US, we find that last year Taiwan’s exports to the US were valued at US$111.4 billion, accounting for 23.4 percent of total export value, with the other 75-plus percent of products sold worldwide to countries other than the US. Of products sold to the US, competitive ICT products and electronic components accounted for 65.4 percent. This shows that Taiwan’s economy does still have considerable resilience. As long as our response strategies are appropriate, and the public and private sectors join forces, we can reduce impacts. Please do not panic. To address the reciprocal tariffs by the US, Taiwan has no plans to adopt retaliatory tariffs. There will be no change in corporate investment commitments to the US, as long as they are consistent with national interests. But we must ensure the US clearly understands Taiwan’s contributions to US economic development. More importantly, we must actively seek to understand changes in the global economic situation, strengthen Taiwan-US industry cooperation, elevate the status of Taiwan industries in global supply chains, and with safeguarding the continued development of Taiwan’s economy as our goal, adopt the following five strategies to respond. Strategy one: Make every effort to improve reciprocal tariff rates through negotiations using the following five methods:  1. Taiwan has already formed a negotiation team led by Vice Premier Cheng Li-chiun (鄭麗君). The team includes members from the National Security Council, the Office of Trade Negotiations, and relevant Executive Yuan ministries and agencies, as well as academia and industry. Like the US-Mexico-Canada free trade agreement, negotiations on tariffs can start from Taiwan-US bilateral zero-tariff treatment. 2. To expand purchases from the US and thereby reduce the trade deficit, the Executive Yuan has already completed an inventory regarding large-scale procurement plans for agricultural, industrial, petroleum, and natural gas products, and the Ministry of National Defense has also proposed a military procurement list. All procurement plans will be actively pursued. 3. Expand investments in the US. Taiwan’s cumulative investment in the US already exceeds US$100 billion, creating approximately 400,000 jobs. In the future, in addition to increased investment in the US by Taiwan Semiconductor Manufacturing Company, other industries such as electronics, ICT, petrochemicals, and natural gas can all increase their US investments, deepening Taiwan-US industry cooperation. Taiwan’s government has helped form a “Taiwan investment in the US” team, and hopes that the US will reciprocate by forming a “US investment in Taiwan” team to bring about closer Taiwan-US trade cooperation, jointly creating a future economic golden age.  4. We must eliminate non-tariff barriers to trade. Non-tariff barriers are an indicator by which the US assesses whether a trading partner is trading fairly with the US. Therefore, we will proactively resolve longstanding non-tariff barriers so that negotiations can proceed more smoothly. 5. We must resolve two issues that have been matters of longstanding concern to the US. One regards high-tech export controls, and the other regards illegal transshipment of dumped goods, otherwise referred to as “origin washing.” Strategy two: We must adopt a plan for supporting our industries. For industries that will be affected by the tariffs, and especially traditional industries as well as micro-, small-, and medium-sized enterprises, we will provide timely and needed support and assistance. Premier Cho Jung-tai (卓榮泰) and his administrative team recently announced a package of 20 specific measures designed to address nine areas. Moving forward, the support we provide to different industries will depend on how they are affected by the tariffs, will take into account the particular features of each industry, and will help each industry innovate, upgrade, and transform. Strategy three: We must adopt medium- and long-term economic development plans. At this point in time, our government must simultaneously adopt new strategies for economic and industrial development. This is also the fundamental path to solutions for future economic challenges. The government will proactively cooperate with friends and allies, develop a diverse range of markets, and achieve closer integration of entities in the upper, middle, and lower reaches of industrial supply chains. This course of action will make Taiwan’s industrial ecosystem more complete, and will help Taiwanese industries upgrade and transform. We must also make good use of the competitive advantages we possess in such areas as semiconductor manufacturing, integrated chip design, ICT, and smart manufacturing to build Taiwan into an AI island, and promote relevant applications for food, clothing, housing, and transportation, as well as military, security and surveillance, next-generation communications, and the medical and health and wellness industries as we advance toward a smarter, more sustainable, and more prosperous new Taiwan. Strategy four: “Taiwan plus one,” i.e., new “Taiwan plus the US” arrangements: While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. This has been our national economic development strategy, and the most important aspect is maintaining a solid base here in Taiwan. We absolutely must maintain a solid footing, and cannot allow the present strife to cause us to waver. Therefore, our government will incentivize investments, carry out deregulation, and continue to improve Taiwan’s investment climate by actively resolving problems involving access to water, electricity, land, human resources, and professional talent. This will enable corporations to stay in Taiwan and continue investing here. In addition, we must also help the overseas manufacturing facilities of offshore Taiwanese businesses to make necessary adjustments to support our “Taiwan plus one” policy, in that our national economic development strategy will be adjusted as follows: to stay firmly rooted in Taiwan while expanding our global presence, strengthening US ties, and marketing worldwide. We intend to make use of the new state of supply chains to strengthen cooperation between Taiwanese and US industries, and gain further access to US markets. Strategy five: Launch industry listening tours: All industrial firms, regardless of sector or size, will be affected to some degree once the US reciprocal tariffs go into effect. The administrative teams led by myself and Premier Cho will hear out industry concerns so that we can quickly resolve problems and make sure policies meet actual needs. My fellow citizens, over the past half-century and more, Taiwan has been through two energy crises, the Asian financial crisis, the global financial crisis, and pandemics. We have been able to not only withstand one test after another, but even turn crises into opportunities. The Taiwanese economy has emerged from these crises stronger and more resilient than ever. As we face this latest challenge, the government and civil society will work hand in hand, and I hope that all parties in the legislature, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. Let us join together and give it our all. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Nations: 9 May 2025 News release Safer walking and cycling crucial for road safety and better health

    Source: World Health Organisation

    As the 8th UN Global Road Safety Week kicks off around the world under the theme “Make walking and cycling safe,” the World Health Organization (WHO) has launched a new toolkit to help governments promote active mobility – by making it safer.

    Each year, nearly 1.2 million people lose their lives on the roads, more than a quarter of them while walking or cycling. Yet, only 0.2% of the roads worldwide are equipped with cycle lanes, and far too many communities lack basics like sidewalks or safe pedestrian crossings.

    “Walking and cycling improve health and make cities more sustainable. Every step and every ride help to cut congestion, air pollution and disease,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “But we must make walking and cycling safe, so more people choose these healthier, greener options.”

    Despite their benefits, fewer than one-third of countries have national policies to promote walking and cycling. WHO’s new toolkit aims to fill that gap with practical, evidence-based guidance for policymakers, urban planners, health advocates and civil society. The toolkit calls for bold action including:

    • integrating walking and cycling into transport, health, environmental and education policies;
    • building safe infrastructure like sidewalks, crossings and protected cycle lanes;
    • setting and enforcing safer speed limits aligned with global best practices;
    • promoting safe road use through public awareness and behaviour change campaigns; and
    • using financial incentives to encourage active mobility.

    While global pedestrian deaths dropped slightly and cyclist deaths plateaued between 2011 and 2021, regional trends show growing danger:

    • In the WHO South-East Asia Region, pedestrian deaths rose by 42%.
    • In the European Region, cyclist deaths surged by 50%.
    • In the Western Pacific Region, cyclist deaths soared by 88%.

    This week, WHO joins hundreds of organizations and governments worldwide to demand urgent action on road safety. The Global Alliance of NGOs for Road Safety is mobilizing over 400 member organizations in 100 countries to support the campaign.

    “It is urgent to make, what should be our most natural means of transport, safer. This is paramount for road safety, but also health, equity and climate,” said Etienne Krug, Director of the WHO Department for the Social Determinants of Health. “We’re calling on all sectors – transport, health, education and beyond – to make walking and cycling safe and accessible for everyone.”

    MIL OSI United Nations News –

  • MIL-OSI China: Chinese listed companies report combined revenue of over 71 trillion yuan

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

    This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. [Photo/Xinhua]

    Data from the China Association for Public Companies showed Thursday that 5,412 listed companies on the Shanghai, Shenzhen and Beijing stock exchanges generated a combined operating revenue of 71.98 trillion yuan (about 9.99 trillion U.S. dollars) and a net profit of 5.22 trillion yuan in 2024.

    Of these companies, 4,036 were profitable in 2024, representing roughly three-quarters of the total number of listed companies. Among the profitable companies, 2,194 achieved profit growth, and 553 saw their profits surge by more than 100 percent last year.

    The total R&D investment of listed companies continued to rise in 2024, reaching 1.88 trillion yuan — up nearly 60 billion yuan from the previous year.

    In the first quarter of 2025, Chinese listed companies achieved net profits of 1.49 trillion yuan, marking a 3.55-percent increase year on year. A total of 4,084 companies were profitable in the first quarter, further consolidating the positive recovery trend.

    As of the end of April 2025, the total number of listed companies in China had reached 5,420. Some of them delayed disclosing their 2024 financial reports.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Chengdu Michelin-starred restaurant opens flagship store in Hong Kong as first step to go global (with photos)

    Source: Hong Kong Government special administrative region

    Chengdu Michelin-starred restaurant opens flagship store in Hong Kong as first step to go global  
    Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau said, “We are delighted to welcome Chengdu Restaurant to Hong Kong’s dynamic food and beverage landscape. Their entry into our city reflects Hong Kong’s appeal as a launchpad for premium brands seeking global reach and regional influence. It also adds to our rich diversity of culinary offerings and strengthens Hong Kong’s position as a world-class dining destination.”
     
    The Chengdu Restaurant brand, operated in Hong Kong under the Xiangtianxia Group, is a Sichuan-based diversified catering and lifestyle enterprise. Originating from Chengdu, widely regarded as China’s culinary capital, the brand has gained acclaim for its refined Sichuan cuisine and was one of the first Michelin-starred restaurants in Southwest China.
     
         The Chief Executive Officer of the Xiangtianxia Group, Mr Mario He, said that the brand has looked into a few places for its international expansion and finally decided to settle in Hong Kong due to its strategic location, vibrant culinary scene, and its unique role as a global gateway between Mainland China and international markets.
     
    He said, “Hong Kong is not only a global financial hub but also a cultural and gastronomic bridge connecting East and West. Our flagship in Central will serve as the global headquarters for the Chengdu Restaurant brand and a springboard for regional and international growth. We are excited to bring the essence of Sichuan’s food culture to diners in Hong Kong and beyond.”
     
    He added, “With a deep commitment to showcasing the richness of Chinese culinary culture on a global stage, we have chosen Hong Kong to leverage its unmatched connectivity and business infrastructure to accelerate our international growth. As part of our expansion plan, the Group is already in discussions for a second outlet and plans to build an international talent team based in the Hong Kong office.”
     
    Located in Lan Kwai Fong in Central, the new restaurant aims to present an elevated Sichuan dining experience by blending Sichuan and Cantonese culinary artistry with Hong Kong’s cosmopolitan culture. The outlet will serve signature cold dishes, grilled delicacies, seafood, soups, and Sichuan specialties, tailored for the local market while preserving the brand’s hallmark authenticity and craftsmanship.
     
         The Xiangtianxia Group operates over 600 restaurants across seven countries and 33 cities and has developed more than 30 consumer dining brands. Its restaurant portfolio includes Chengdu Restaurant, a two-time Michelin One Star winner, and Daxi Sichuan Cuisine, a Michelin-recommended brand.
     
    For more information about Chengdu Restaurant, please visit www.cqxtx.com.cn 
    To get a copy of the photos, please visit     www.flickr.com/photos/investhk/albums/72177720325979894Issued at HKT 15:17

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: BloFin leads the pack at TOKEN2049 with 1,000+ attendees at Whale’s Rave and major growth highlights

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 09, 2025 (GLOBE NEWSWIRE) — At this year’s TOKEN2049, BloFin joins top exchanges including OKX, Binance, and KuCoin as a Title Sponsor, marking another milestone in its global expansion and industry recognition. From a Platinum Sponsor last year to a Title Sponsor this year, BloFin’s elevation in status reflects the brand’s growing ambition and commitment to the cryptocurrency industry. The company has also made significant strides in its offerings, showcasing multiple brand advancements, including launching sub-accounts, achieving ISO 27001 certification, and becoming the fourth exchange in the industry to complete the Unified Trading Account feature.

    BloFin’s presence was prominent throughout the venue, from the entrance and exclusive registration counter to the welcome bags and key areas across the event space. The team engaged with industry leaders, partners, traders, and KOLs, fostering insightful conversations and building meaningful relationships to drive future crypto growth.

    Finny Takes the Spotlight: BloFin’s Mascot Shines as the Star of TOKEN2049

    A standout moment at TOKEN2049 was the official debut of Finny, BloFin’s newly unveiled mascot. Designed as a meme-worthy space whale, Finny quickly became a crowd favorite and a visual symbol of BloFin’s unique brand identity. Finny symbolized BloFin’s commitment to protecting whales and embodied the brand’s aspirations to the moon. With its captivating design, Finny became the event’s most talked-about character, further solidifying BloFin’s connection with the crypto community.

    The First-ever Whale’s Rave: Arcadia Side Event of TOKEN2049 Concludes Successfully, Marking the Beginning of Exciting Collaborations with Luke Belmar

    The Whale’s Rave: Arcadia event, presented by BloFin, quickly became the most talked-about side event of TOKEN2049 Dubai 2025, drawing nearly 1,000 attendees worldwide. This year also marked a historic collaboration between BloFin and renowned crypto investor Luke Belmar, taking the event to its peak and pushing its excitement to new heights.

    Whale’s Rave: Arcadia was this exclusive event’s first edition, leaving an indelible mark on every attendee. The event redefined what crypto industry gatherings could look like, featuring premium whale-tier merchandise, an exclusive Whale’s Club-only gift, and the debut of BloFin’s beloved mascot Finny. BloFin also showcased a series of brand-defining performances, further solidifying the brand’s position as an innovator within the space.

    In line with its continued growth, BloFin unveiled its all-new 2025 merchandise collection, designed exclusively for the crypto elite. The collection features eight unique items, including the coveted BloFin Top Whales Necklace and Ring Bundle, Whale’s Trading Journal, Gym Bag, Finny T-shirts, and exclusive Whale Club-only merchandise for VIP traders.

    “We are incredibly excited about the success of the first-ever Whale’s Rave,” said Matt, CEO of BloFin. “It was an unforgettable moment to celebrate with our global community and partners. We were also pleased to share major product updates, including our Unified Trading Account, Sub-Account features, and the upcoming BloFin Card. We look forward to seeing everyone again in Singapore.” “It was the most fun and craziest party of the week!” as described by BeInCrypto and CoinTelegraph.

    As the flames of the event burned bright, BloFin remains focused on its mission to create unforgettable experiences for its community and build a future where Whales Are Made.

    With sights set on TOKEN2049 Singapore, BloFin is preparing to elevate its presence further, headlined by a large-scale, thousand-person celebration and deeper engagement with industry leaders. As BloFin expands its global reach and solidifies its role at the forefront of digital finance, the world can anticipate the next bold chapter from the brand that continues to prove: this is where whales are made.

    Follow BloFin X（Twitter）｜Instagram｜YouTube｜Telegram

    About BloFin

    ​BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. ​As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.

    Contact:
    Annio W.
    annio@blofin.io

    Disclaimer: This is a paid post and is provided by BloFin. 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.

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    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4b4e6f07-d918-4b76-8d0d-629ffb920851
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    The MIL Network –

  • MIL-OSI: Best Crypto Casinos: JACKBIT Picked as the Top BTC Casino Site of 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 09, 2025 (GLOBE NEWSWIRE) — The online gambling industry is undergoing a seismic shift, with crypto casinos emerging as the preferred choice for players seeking privacy, speed, and innovation. As we enter 2025, JACKBIT stands tall as the best crypto casino, celebrated for its no-KYC policy, vast game selection, rapid payouts, and cutting-edge features.

    This article dives deep into why JACKBIT is the top pick among the best crypto casinos, exploring its standout qualities and how it’s shaping the future of online gaming.

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    JACKBIT, the best crypto casino, has redefined what players expect from a crypto gambling site. Its blend of privacy-focused policies, diverse gaming options, and seamless functionality makes it a favorite for both newcomers and seasoned gamblers. Here’s a closer look at what sets JACKBIT apart:

    No-KYC Policy: Privacy and Speed Combined

    JACKBIT’s no-KYC policy eliminates the need for players to submit personal identification, offering unmatched privacy and a streamlined sign-up process. This feature appeals to players who prioritize anonymity and want to dive into the action without delay. With instant account creation and no invasive verification steps, JACKBIT proves why it’s a leader among new crypto casinos.

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    Payment Versatility: Flexibility for All

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    Best Crypto Casino Games at JACKBIT

    One of the standout features of JACKBIT is its impressive game library, boasting over 7,000 titles in a variety of categories. Whether you’re a fan of slots, table games, or live dealer experiences, there’s something for everyone.

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    With a wide range of themes, bonus features, and high RTPs, slots remain a favorite for many players.

    Blackjack

    Blackjack is a game of strategy and luck, where players aim to get as close to 21 as possible without going over. JACKBIT offers several variations:

    • Classic Blackjack
    • European Blackjack
    • Multi-hand Blackjack

    These different versions give players the flexibility to choose their preferred style of play.

    Roulette

    Roulette is a timeless game of chance where players bet on the outcome of a spinning wheel. JACKBIT offers:

    • European Roulette (2.7% house edge)
    • American Roulette
    • French Roulette (1.35% house edge with La Partage rule)

    Each version brings its own set of exciting betting options.

    Poker

    For poker lovers, JACKBIT has a great selection of variants, including:

    • Texas Hold’em
    • Caribbean Stud
    • Three Card Poker
    • Video Poker (e.g., Jacks or Better)

    ✅SHARPEN YOUR POKER SKILLS – PLAY TEXAS HOLD’EM AT JACKBIT!

    These poker games are perfect for players who enjoy putting their skills to the test.

    Live Dealer Games

    Powered by Evolution Gaming, the live dealer section at JACKBIT offers a real casino experience:

    • Live Blackjack: Multiple tables with different limits.
    • Live Roulette: Interactive gameplay with real dealers.
    • Live Baccarat: Fast-paced action.
    • Game Shows: Fun options like Crazy Time, Monopoly Live, and Deal or No Deal.

    These live games allow players to interact with real dealers in real-time, creating an immersive experience.

    Sportsbook

    For sports fans, JACKBIT’s sportsbook has a wide variety of events to bet on:

    • Football: Major leagues and international tournaments.
    • Basketball: NBA, EuroLeague, and more.
    • Tennis: Grand Slams and ATP/WTA events.
    • eSports: Games like Dota 2, League of Legends, and CS:GO.
    • Live Betting: Real-time betting with dynamic odds.

    With over 82,000 live events each month, the sportsbook is a major draw for those who love sports betting.

    Specialty Games

    For casual players or those looking for something different, JACKBIT also offers:

    • Lottery: Instant-result games.
    • Scratch Cards: Quick wins with simple mechanics.
    • Virtual Sports: Simulated events that are always available for betting.

    This wide variety ensures that JACKBIT remains one of the top crypto casinos for all types of players. Whether you’re into high-stakes poker or just want to have some fun with a slot game, there’s always something exciting waiting for you.

    Why JACKBIT Excels in Sports Betting

    JACKBIT’s sportsbook is a powerhouse, appealing to casual fans and pros alike:

    • Breadth of Coverage: Bet on 140+ sports, from football and basketball to niche picks like darts and eSports. Monthly, 82,000+ live events keep the action flowing.
    • Live Betting: Real-time odds and streaming for select matches (e.g., tennis majors) let players wager as games unfold, adding thrill and strategy.
    • Betting Options: With 4,500+ types—moneylines, over/unders, player props—JACKBIT offers unmatched variety. A football match might feature 200+ unique bets.
    • Competitive Odds: Regularly refreshed to beat industry averages, ensuring better value. A $10 bet on a 2.0 odds soccer game could yield $20, outpacing many rivals.

    This depth and dynamism make JACKBIT a top-tier crypto gambling site for sports enthusiasts.

    The Role of Software Providers

    JACKBIT’s game quality stems from partnerships with elite providers:

    • NetEnt: Delivers visually rich slots like Gonzo’s Quest, known for immersive graphics and high RTPs.
    • Evolution Gaming: Powers the live casino with professional dealers and innovative titles like Lightning Roulette.
    • Pragmatic Play: Offers slots (Sweet Bonanza) and Drops & Wins, blending fun with big win potential.
    • Microgaming: Brings legendary progressives like Mega Moolah, a millionaire-maker.
    • Betsoft: Adds 3D flair with games like The Slotfather, enhancing variety.

    These collaborations ensure a premium, diverse library, solidifying JACKBIT’s rank among best bitcoin casinos.

    The Impact of Live Dealer Games

    Live dealer games bridge the gap between online and brick-and-mortar casinos, and JACKBIT excels here:

    • Authentic Experience: HD streams and real dealers (via Evolution Gaming) recreate the casino vibe. Playing Live Blackjack feels like sitting at a Vegas table.
    • Interactive Features: Chat with dealers or players, adding a social layer absent in RNG games. A dealer might congratulate a big win, boosting engagement.
    • Variety: Options span low-stakes roulette to VIP baccarat, with game shows like Crazy Time mixing entertainment and betting.
    • Trust Factor: Seeing cards dealt live builds confidence, crucial for skeptical players transitioning to crypto gambling sites.

    This immersive offering enhances JACKBIT’s reputation as a top-tier platform.

    Best Crypto Casino Payment Methods

    JACKBIT offers a wide range of payment methods, focusing on speed and security to ensure a smooth experience for players.

    Cryptocurrencies

    JACKBIT accepts over 17 cryptocurrencies, including:

    • Bitcoin (BTC): A secure and widely used option with instant deposits.
    • Ethereum (ETH): Fast transactions thanks to smart contracts.
    • Litecoin (LTC): Known for low fees and quick confirmations.
    • Ripple (XRP): Perfect for cross-border payments.
    • Tether (USDT): A stablecoin that helps reduce volatility.
    • Solana (SOL): A high-speed blockchain with minimal fees.
    • Other options: Dogecoin, Cardano, Binance Coin, and more.

    Advantages of Using Crypto:

    • Anonymity: No need to share personal details.
    • Speed: Deposits are instant, and withdrawals usually take under 10 minutes.
    • Low Fees: Transaction costs are minimal
    • Global Access: No geographic restrictions.

    Debit/Credit Cards

    For those who prefer traditional payment methods, JACKBIT also accepts Visa and MasterCard for secure deposits. However, while card deposits are quick, withdrawals may take longer to process.

    E-Wallets

    Though PayPal is not available, JACKBIT supports Google Pay and Apple Pay for easy, mobile-friendly deposits. These e-wallets provide a convenient way to deposit without sharing bank account details.

    Bank Transfer

    For larger transactions, JACKBIT, the best crypto casino, offers bank transfers, which are ideal for high rollers. Keep in mind, though, that these can take several days to process and may come with higher fees.

    Cryptocurrency vs. Fiat

    While crypto methods are the fastest and most private, fiat options like card payments and bank transfers are still reliable but slower. JACKBIT accommodates both, ensuring that players have plenty of options depending on their preferences.

    By offering such a variety of payment methods, JACKBIT ensures it meets the needs of all players, making it one of the best crypto casinos available today.

    ✅PLAY WITH LOW-FEE CRYPTO – JOIN JACKBIT NOW!

    User Experience at the Best Crypto Casino

    A superior user experience is at the heart of JACKBIT’s success. The platform’s sleek, dark-themed design isn’t just visually appealing—it’s highly functional. Navigation is effortless, with a well-organized layout that ensures players can find what they need in seconds. Here’s what makes JACKBIT’s user experience exceptional:

    • Intuitive Design: The homepage features a clean interface with quick-access menus for games, promotions, and support. Categories like slots, live casino, and sportsbook are clearly labeled, reducing the learning curve for new users.
    • Advanced Search Functionality: A robust search bar lets players filter games by title, provider, or category. For example, typing “blackjack” instantly pulls up all available variants, saving time and enhancing convenience.
    • Mobile Compatibility: JACKBIT’s mobile-optimized site mirrors the desktop experience, offering full access to games, betting, and account management without requiring an app. Whether on iOS or Android, the platform adapts flawlessly to smaller screens.
    • Multilingual Support: Available in languages like English, Spanish, German, and French, JACKBIT ensures global players feel at home. This inclusivity enhances usability for non-English speakers.
    • 24/7 Customer Support: Live chat and email support are accessible around the clock, with multilingual agents ready to resolve issues—whether it’s a payment query or a game glitch—in real time.

    This meticulous attention to detail creates a frictionless experience, making JACKBIT a benchmark for user-friendly design among best crypto casinos.

    Why No-KYC Casinos Like JACKBIT Are Revolutionizing Online Gambling: A Game-Changer Among the Best Crypto Casinos

    No-KYC casinos are changing the way we think about online gambling, and JACKBIT is at the forefront of this movement. Traditional casinos often require players to submit sensitive documents like passports or utility bills for verification, which can be off-putting for those who value their privacy or face delays. JACKBIT’s no-KYC model turns this process on its head:

    Breaking Down Barriers

    By eliminating the KYC process, JACKBIT makes it incredibly easy to get started. Players only need to register with an email and can start playing immediately—no waiting for account approval. This is a major advantage for players tired of waiting days for traditional casinos to process their verification.

    Privacy as a Priority

    In today’s world, data breaches are a serious concern. JACKBIT prioritizes player privacy by ensuring that personal information stays off the grid. This approach is especially appealing to privacy-conscious users and those in regions with strict gambling laws, making it one of the best crypto casinos for secure, anonymous play.

    Real-World Impact

    Imagine a player in a country where online gambling is restricted—they can still join JACKBIT anonymously using cryptocurrency. This ability to bypass local regulations opens up online gambling to a much wider audience, making JACKBIT one of the most accessible new crypto casinos on the market.

    Competitive Edge

    While some other casinos only partially embrace the no-KYC model for withdrawals, JACKBIT stands out by offering a fully anonymous experience—from sign-up to cash-out. This seamless, privacy-first approach has attracted a loyal following and set JACKBIT apart as one of the best crypto casinos for those who want both freedom and security.

    By taking a bold stand on player privacy and accessibility, JACKBIT is redefining the future of online gambling. Its no-KYC model is a game-changer for new crypto casinos, providing a truly unique and innovative experience that appeals to players who demand the best of both worlds.

    Community and Social Engagement: Building Loyalty

    JACKBIT isn’t just a casino—it’s a community hub. Its social strategy fosters connection and loyalty:

    • Active Social Media: On Twitter and Telegram, JACKBIT shares updates, hosts giveaways (e.g., $10,000 weekly prizes), and interacts with players. A recent tweet offering 100 free spins for retweets saw hundreds engage.
    • Player Feedback: Direct channels let users suggest features—like adding a new slot or eSport—many of which JACKBIT implements, showing it listens.
    • Tournaments and Events: Regular leaderboards and Pragmatic Drops & Wins (€2M prize pool) unite players in friendly competition, boosting excitement and retention.
    • Loyalty Benefits: Social engagement ties into the VIP program, where active members unlock higher Rakeback and exclusive perks.

    This two-way dialogue sets JACKBIT apart from less engaged crypto gambling sites, creating a vibrant player ecosystem.

    The Importance of Mobile Gaming

    Mobile gaming is reshaping online casinos, and JACKBIT’s mobile platform is a standout:

    • Growing Trend: Over 60% of gamblers now play on mobile, per industry stats. JACKBIT meets this demand with a no-app-required, browser-based site optimized for all devices.
    • Feature Parity: From slots to live betting, every desktop feature works flawlessly on mobile. Players can deposit, claim bonuses, or chat with support on the go.
    • Performance: Fast load times and responsive design ensure smooth gameplay, even on budget phones. For example, spinning Starburst on a 4G connection feels as seamless as on Wi-Fi.
    • Convenience: Whether commuting or relaxing, players access JACKBIT anytime, anywhere, enhancing its appeal among new crypto casinos.

    This mobile-first approach cements JACKBIT’s leadership in accessibility and convenience.

    Responsible Gambling at JACKBIT

    JACKBIT balances excitement with responsibility, offering robust tools to protect players:

    • Custom Limits: Set daily, weekly, or monthly deposit caps to control spending. A player might limit themselves to $50 daily, ensuring they stay within budget.
    • Self-Exclusion: Options range from a 24-hour break to permanent account closure, giving players flexibility to step back when needed.
    • Reality Checks: Pop-up reminders track time and money spent—e.g., “You’ve played for 2 hours and spent $100”—prompting mindful play.
    • Support Resources: Links to GamCare and Gambling Therapy provide professional help, reinforcing JACKBIT’s commitment to well-being.

    These features make JACKBIT a safe haven, aligning with one of the best crypto casinos.

    ✅ENJOY 30% RAKEBACK, 100 WAGER-FREE SPINS, NO KYC – REGISTER TODAY!

    JACKBIT Conclusion: The Best Crypto Casino

    JACKBIT reigns supreme as the best crypto casino of 2025, blending innovation, accessibility, and player-centric features. Its no-KYC policy offers unmatched privacy, while 7,000+ games, a stellar sportsbook, and blockchain transparency cater to every gambling desire. Mobile optimization, community engagement, and responsible gambling tools round out a platform that’s as safe as it is thrilling. Whether you’re a slot spinner, sports bettor, or live casino fan, JACKBIT delivers. Visit JACKBIT today and see why it’s the ultimate crypto gambling destination.

    Contact Us
    Email: support@JACKBIT.com

    Legal Disclaimer
    This article is intended for informational and entertainment purposes only. It does not offer legal or financial advice. Please verify the information and ensure you are following local laws before engaging in any gambling activities.

    Casino and Gambling Disclaimer

    Online gambling involves risks and may not be suitable for everyone. Gambling laws vary by jurisdiction, and compliance is your responsibility. We do not promote gambling, and participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for any losses or disputes arising from its use. Always gamble responsibly and seek professional advice if needed.

    Affiliate Disclosure
    Some of the links in this article may be affiliate links, meaning we may earn a commission at no additional cost to you. Rest assured, our recommendations are made without bias.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3df3ce5a-7a48-4b8f-8803-22b40520ace0

    The MIL Network –

  • MIL-OSI: Middlefield Canadian Income PCC: Director/PDMR Shareholding

    Source: GlobeNewswire (MIL-OSI)

    Middlefield Canadian Income PCC (the “Company” or “MCT”)

    (Including Middlefield Canadian Income – GBP PC (the “Fund”), a cell of the Company
    Registered No:  93546)
    Legal Entity Identifier: 2138007ENW3JEJXC8658

    9 May, 2025

    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

    As required by Article 19.3 of Regulation (EU) No. 596/2014 on market abuse (the “Market Abuse Regulations”), the Company announces that it was informed on 7 May, 2025 of the following transaction by Middlefield Limited, a company connected with one of the Company’s directors, Mr Dean Orrico, by virtue of his being the ultimate beneficial owner of that company.

    1 Details of the person discharging managerial responsibilities / person closely associated
    a) Name Middlefield Limited
    2 Reason for the notification
    a) Position/status Person closely associated with Dean Orrico, Director
    b)

     

    		 Initial notification /Amendment Initial notification
    3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Middlefield Canadian Income PCC
    on behalf of Middlefield Canadian Income – GBP PC
    b)

     

    		 LEI 2138007ENW3JEJXC8658
    4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted  
    a) Description of the financial instrument, type of instrument

    Identification code

    		  

    Redeemable Participating Preference Shares

    ISIN GB00B15PV034
    b)

     

    		 Nature of the transaction Purchase
    c) Price(s) and volume(s) Price(s)  Volume(s)
    £1.21 50,000
    d) Aggregated information

    – Aggregated volume

    – Price

    		  

    50,000

    £60,500.00
    e) Date of the transaction   7 May, 2025
    f) Place of the transaction London Stock Exchange XLON

    Persons closely associated with Mr Orrico hold in aggregate 220,000 Redeemable Participating Preference Shares, representing 0.21% of the Fund’s issued share capital (excluding treasury shares).

    Middlefield Limited is the Company’s investment manager.

    Enquiries:

    JTC Fund Solutions (Jersey) Limited
    Secretary
    Tel.: 01534 700 000

    Dean Orrico
    President
    Middlefield International Limited
    Tel.: 01203 7094016

    END OF ANNOUNCEMENT

    The MIL Network –

  • MIL-OSI China: Xi, Swedish king exchange congratulations on anniversary of diplomatic ties

    Source: China State Council Information Office

    Xi, Swedish king exchange congratulations on anniversary of diplomatic ties

    Xinhua | May 9, 2025

    Chinese President Xi Jinping and Swedish King Carl XVI Gustaf on Friday exchanged congratulations on the 75th anniversary of diplomatic ties between the two countries.

    In his message, Xi said that Sweden was among the first European countries to establish diplomatic relations with the People’s Republic of China.

    Since the establishment of diplomatic ties 75 years ago, China-Sweden relations have remained generally stable, with continuous expansion and positive outcomes in bilateral cooperation in such fields as economy and trade, science and technology, education and people-to-people exchanges, he said.

    Xi said that he attaches great importance to the development of China-Sweden relations and stands ready to work with King Carl XVI Gustaf to take the anniversary as a new starting point to enhance political mutual trust, deepen practical cooperation, increase people-to-people exchanges, and jointly support multilateralism and free trade, so as to deliver more benefits to the two peoples and make greater contributions to world peace and prosperity.

    On the occasion of the 75th anniversary of diplomatic ties, King Carl XVI Gustaf expressed sincere wishes for the continuous deepening of Sweden-China close cooperation, saying he expects bilateral friendly relations to develop continuously.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Perfect timing for HK-Gulf ties

    Source: Hong Kong Information Services

    Chief Executive John Lee will lead his second delegation to the Middle East, visiting Qatar and Kuwait on Saturday.

    As part of the delegation, Federation of Hong Kong Industries Chairman Steve Chuang hopes to expand business prospects, establish ties with the chambers of commerce in the two countries, and sign Memoranda of Understanding with local innovation and technology enterprises.

    He noted that as oil-dependent economies, both countries are seeking economic transformation, presenting excellent opportunities for Hong Kong to springboard into their markets.

    Citing Qatar National Vision 2030 and Kuwait Vision 2035, Mr Chuang said both countries were stepping up measures to foster innovation and technology.

    “How to focus on smart cities, green energy, and how to provide better financial services – all of this actually is a perfect match for our expertise in Hong Kong.”

    As Hong Kong companies have had little business engagement with Qatar and Kuwait in the past, Mr Chuang plans to visit Hong Kong enterprises in the region to assess their development and gain insights into the local culture and religious practices. 

    “The Middle East’s halal culture, in particular, involves a vastly different lifestyle from ours, which leads to significant differences in business operations.”

    The federation took a delegation to Saudi Arabia and the United Arab Emirates last year to deepen mutual understanding and co-operation.

    Mr Chuang said the trip showed that Hong Kong firms have begun looking towards the Middle East, while the Middle East has developed an interest in both Hong Kong and Mainland China businesses.

    “We are already seeing tangible results from some Hong Kong enterprises making inroads in the Middle East – from a mobile delivery app launching operations in Dubai and preparing to enter Saudi Arabia, to a 3D-printed clay reef tile startup that has secured Saudi sovereign wealth funding for local production.”

    He suggested that Hong Kong could utilise its roles as a “super connector” and “super value-adder”, for example, in assisting Middle East services and products to tap into the Mainland market or providing platforms for Mainland ventures to showcase their expertise to international audiences.

    Mr Chuang suggested that with escalating tensions over US tariffs creating global uncertainty, Hong Kong businesses should broaden their reach to the Global South, including the Middle East and the Association of Southeast Asian Nations.

    “The timing of the Chief Executive’s Middle East visit is perfect,” he added.

    MIL OSI Asia Pacific News –

  • MIL-OSI: TGS announces Q1 2025 results

    Source: GlobeNewswire (MIL-OSI)

    OSLO, Norway (9 May 2025) – TGS today reports interim financial results for Q1 2025.

    Financial highlights:

    • Strong multi-client performance driven by high interest for data in frontier areas
    • Multi-client investment of USD 130 million supported by solid pre-commitments from clients
    • Significant year-over-year improvement in asset utilization secured solid contract revenues
    • Order inflow of USD 302 million during Q1 2025 – total order backlog of USD 600 million
    • Strong cash flow reducing net debt to USD 453 million from USD 500 million at the end of 2024
    • Solid balance sheet allows for stable dividend payment of USD 0.155 per share to be paid in Q2 2025
    • Guidance for gross operating expenses and capital expenditures lowered to approximately USD 1,000 million and approximately USD 135 million, respectively, in response to increased macro uncertainty

    “We are pleased about the strong financial performance in Q1 2025. The multi-client segment significantly exceeded expectations, primarily as a result of strong sales of vintage library data in frontier areas. A sales-to-investment ratio above 2x (pro-forma) over the past four quarters illustrates the attractiveness of the multi-client model and the benefit of having the world’s largest and most diversified data library. We are also pleased about the contract performance in the quarter, with significant year-on-year improvement of asset utilization.

    Although the recent oil price weakness adds uncertainty in the short term, the long-term outlook remains positive. At current spending levels most E&P companies struggle to replace reserves, and more exploration is needed to maintain production,” says Kristian Johansen, CEO of TGS. 

    Management presentation
    CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 a.m. CEST at House of Oslo, Ruseløkkveien 34 in Oslo, Norway. The presentation is open to the public and will be webcasted live.

    Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front page of www.tgs.com:
    https://channel.royalcast.com/landingpage/hegnarmedia/20250509_2/

    A recorded version of the entire presentation will be available on TGS.com
    (http://www.tgs.com) after the live event.

    The complete Q1 2025 earnings release and presentation can be downloaded from www.tgs.com or newsweb.no. 

    For more information, visit TGS.com (http://www.tgs.com) or contact:

    Bård Stenberg
    Vice President IR & Communication
    Tel: +47 992 45 235
    E-mail: investor@tgs.com

    About TGS
    TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).

    Forward Looking Statement
    All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward- looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

    Attachments

    The MIL Network –

  • MIL-OSI USA: Congresswoman Schrier Introduces Bipartisan Bill to Strengthen Care and Coverage for those with Congenital Anomalies and Birth Defects

    Source: United States House of Representatives – Congresswoman Kim Schrier, M.D. (WA-08)

    WASHINGTON, D.C. – Today, Congresswoman Kim Schrier, M.D. (WA-08) introduced the Ensuring Lasting Smiles Act (ELSA). Approximately 3% of children nationwide are born with congenital anomalies – such as cleft lip or palate – and birth defects that, if gone untreated, can lead to lifelong medical complications. This bipartisan, bicameral legislation would expand access to care for individuals with congenital anomalies or birth defects by requiring insurance companies to cover necessary treatment and procedures. Congresswoman Schrier is joined in introducing this legislation by Congressman Neal Dunn, M.D. (FL-02) and a companion bill has been introduced by Senators Baldwin (D-WI) and Ernst (R-IA).

    “For far too long, countless patients, including children, have been unable to access treatment for congenital anomalies such as ectodermal dysplasias and cleft lip and palate because their health insurance refused to cover care, leaving them either without treatment or burdened with thousands of dollars in medical expenses,” said Congresswoman Schrier, M.D. “This bill would tackle this issue head-on by requiring private health insurance plans to cover medically necessary services for treating congenital anomalies and birth defects, thus allowing patients with these conditions to secure and afford the treatment they need.”

    “Many families with children who are born with congenital anomalies face significant financial barriers to accessing the treatment their child needs. This treatment is not just cosmetic. These conditions can have long-term health consequences that can severely impact everyday life,” said Congressman Dunn. “This bipartisan and bicameral legislation will help alleviate the financial hardship that many families endure to get their children the vital care they need. I’m proud to lead this important initiative and would like to thank my colleagues for helping us put a smile on every child’s face.” 

    “For millions of Americans, medically necessary care for birth defects can cost thousands of dollars out of pocket, or for others, it is entirely out of reach because of the cost – despite having health insurance,” said Senator Baldwin. “I’m proud to work with Democrats and Republicans to put this care in reach so more Americans can lead healthy lives, and more families can focus on caring for their loved ones, not figuring out how they will afford medically necessary care.” 

    “To support young Iowans like Alli Steele, who was born with Ectodermal Dysplasia, this bipartisan legislation will help Iowa families by ensuring that health plans cover medically necessary services related to patients’ congenital anomalies of the eyes, ears, teeth, mouth, or jaw,” said Senator Ernst. 

    MIL OSI USA News –

  • MIL-OSI Economics: Secretary-General of ASEAN delivers pre-recorded remarks at the event on ”Unlocking Energy Transition Finance towards Inclusivity and Sustainability in ASEAN”

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today delivered pre-recorded remarks at the event on “Unlocking Energy Transition Finance towards Inclusivity and Sustainability in ASEAN,” jointly organised by the ASEAN Centre for Energy (ACE) and the Permanent Mission of Malaysia to ASEAN. The event serves as a platform for dialogue and collaboration among ASEAN Member States, Dialogue Partners, and relevant stakeholders in advancing energy transition finance, including initiatives such as power grid interconnection. In his remarks, SG Dr. Kao underscored ASEAN’s commitment to mobilising finance for energy transition to ensure affordable, reliable, and sustainable energy access for all, while contributing to the region’s efforts in reducing carbon emissions and realising global climate goals. He further emphasised the importance of working together to pool resources, harmonise standards, and co-develop financing solutions that are scalable, inclusive, and tailored to the region’s specific needs.
     

    The post Secretary-General of ASEAN delivers pre-recorded remarks at the event on ”Unlocking Energy Transition Finance towards Inclusivity and Sustainability in ASEAN” appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Fraudulent websites and internet banking login screens related to The Bank of East Asia, Limited

    Source: Hong Kong Government special administrative region

    Fraudulent websites and internet banking login screens related to The Bank of East Asia, Limited 
    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.
    Issued at HKT 16:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: WA Airports Get $66.7M For Safety & Capacity Upgrades From Bipartisan Infrastructure Law Funding

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    05.08.25
    WA Airports Get $66.7M For Safety & Capacity Upgrades From Bipartisan Infrastructure Law Funding
    Cantwell announces $45.4M for Sea-Tac Airport, $7.3M for Tri-Cities Airport, $6.5M for Spokane Airport, nearly $4M for San Juan County airports; Other airports receive funding in Bellingham, Deer Park, Auburn, Richland, Anacortes, Odessa, & Bremerton
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation, and senior member of the Senate Finance Committee, announced that 12 airports across the State of Washington received a total of $66,758,406 in Airport Infrastructure Grants (AIG).
    Enacted by the 2021 Bipartisan Infrastructure Law (BIL), the Airport Infrastructure Grant (AIG) program provides $14.5 billion nationwide in funding over five years. Sen. Cantwell was instrumental in securing funding for the AIG program and Airport Terminal Program (ATP) in the 2021 BIL.
    AIG funding announced today includes:
    Seattle-Tacoma International Airport:  $45,400,000
    Tri-Cities Airport:  $7,366,530
    Spokane International Airport: $6,537,017
    Orcas Island Airport: $3,153,888
    Bellingham International Airport: $2,000,000
    Friday Harbor Airport: $834,000
    Deer Park Airport: $585,000
    Auburn Municipal Airport: $395,125
    Richland Airport: $180,500
    Anacortes Airport: $137,000
    Odessa Municipal Airport: $110,000
    Bremerton National Airport: $59,346
    Sea-Tac Award: Seattle-Tacoma International Airport will receive $45,400,000 for the Concourse S reconstruction project. This grant funds structural, seismic, and building system upgrades that have reached the end of their useful lives. This grant funds phase 2, which consists of design and pre-construction.
    “Sea-Tac is a vital hub for our region’s economy, and this investment will help ensure it remains safe, modern, and resilient,” said Senator Cantwell. “These upgrades to the S Concourse, the international doorway for travelers in the Pacific Northwest, will support the airport’s continued growth while creating good-paying jobs.”
    Tri-Cities Award: Tri-Cities Airport will receive $7,366,530 for its terminal expansion project. This grant funds an additional baggage make-up area to accommodate more passengers. This grant funds phase 1, which consists of design and construction. Last October, Sen. Cantwell visited the airport to tour the project.
    “Tri-Cities Airport is in the midst of a decade-long terminal redevelopment plan, and this funding adds to previous federal investments to speed up expansion of its outdated terminal and baggage handling infrastructure,” said Sen. Cantwell. “As passenger traffic continues to break records, this investment ensures the airport can meet future demand while supporting local jobs and economic development that benefit the region.”
    Spokane Award: Spokane International Airport will receive $6,537,017 for its TREX terminal expansion project. This grant funds construction of three gates and related areas, loading dock access road, fencing, and gates.
    “This funding is another win for Spokane International Airport’s terminal expansion project,” said Sen. Cantwell. ”The Inland Northwest’s main air travel hub continues to break records, serving more than 4.2 million passengers in 2024, the most ever. Expanding Concourse C by over 70,000 square feet and adding new gates will significantly enhance the airport’s capacity and passenger experience.”
    San Juan County Awards:
    Orcas Island Airport will receive $3,153,888 to rehabilitate 14,000 square yards of the existing northern and central portions of the Terminal Apron pavement to maintain the structural integrity of the pavement and to minimize foreign object debris.
    Friday Harbor Airport will receive a total of $834,000 for two projects. The airport will receive $486,000 to construct a new 10,000-square-foot sponsor-owned hangar for aircraft storage. The airport will also receive $348,000 project to expand an existing pump fuel facility.
    “This funding is a critical investment in the safety and sustainability of Orcas Island and Friday Harbor Airports, key gateways to the San Juans,” said Sen. Cantwell. “Rehabilitated runways will make flights into Orcas Island safer and smoother. Aircraft owners will be able to lease space at Friday Harbor Airport’s new hangar and buy more fuel at their expanded pump, generating more operating revenue for the airport. These projects will set the airports up to serve San Juan County visitors and residents for decades to come.”
    Other Awards:
    Bellingham International Airport will receive $2,000,000 for a project to rehabilitate 6,700 feet of existing paved Runway 16/34 to maintain its structural integrity and minimize foreign object debris to extend its useful life. This grant funds phase 1, which consists of design.
    Deer Park Airport will receive $585,000 toward construction of a new 347-foot Taxilane AS-1, 475-foot Taxilane AS-2, 369-foot Taxilane AS-3, and 312-foot Taxilane AS-4 to provide airfield access to a non-exclusive hangar development area to bring the airport into conformity with current standards.
    Auburn Municipal Airport will receive $395,125 for multiple infrastructure improvements including a new automated weather observing system (AWOS-IIIPT) to provide site-specific weather information and a new electrical generator and replace an existing airport rotating beacon that has reached the end of its useful life. This grant funds a portion of phase 2, which consists of construction.
    Richland Airport will receive $180,500 to expand the existing main apron by adding 6,040 square yards to bring the airport into conformity with current standards. This grant funds phase 1, which consists of design.
    Anacortes Airport will receive $137,000 for runway safety improvements including a new lighted wind cone navigational aid to provide pilots with critical airfield information, a runway end identifier lights system and precision approach path indicator system, and reconstructing the runway signage that has reached the end of its useful life. This grant funds phase 2, which consists of construction.
    Odessa Municipal Airport will receive $110,000 to acquire and install a replacement wind cone navigational aid to provide pilots with critical airfield information. This grant funds phase 2, which consists of construction.
    Bremerton National Airport will receive $59,346 to conduct an environmental study required to comply with the National Environmental Policy Act for the proposed Eastside Development Area project, which includes taxiway infrastructure, lighting, hangar, and cargo development.
    Sen. Cantwell worked hard to secure funding for air travel infrastructure nationwide as part of the 2021 Bipartisan Infrastructure Law. With her support, the infrastructure package provided a total of $25 billion for airport improvements, including $5 billion for the Airport Terminal Program and $15 billion in Airport Infrastructure Grants. In 2023, airports across the state of Washington received nearly $200 million in federal funding through a combination of AIG, ATP, and the Airport Improvement Program, and in 2024, Washington state airports received over $133 million in federal funding.
    In addition, Sen. Cantwell also helped to secure over $217 million in Airport Rescue Grants for Washington airports to help them weather the COVID-19 pandemic.
    Last May, Sen. Cantwell additionally shepherded the passage of the FAA Reauthorization Act of 2024, which reauthorized the Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) for five years. The new law included top Cantwell priorities including enhancing safety oversight, strengthening workforce development, boosting next-generation aviation innovation, and codifying consumer protections.

    Airport

    Amount

    City

    County

    Seattle-Tacoma International

    $           45,400,000

    Seattle

    King

    Tri-Cities

    $             7,366,530

    Pasco

    Franklin

    Spokane International

    $             6,537,017

    Spokane

    Spokane

    Orcas Island

    $             3,153,888

    Eastsound

    San Juan

    Bellingham International

    $             2,000,000

    Bellingham

    Whatcom

    Deer Park

    $                585,000

    Deer Park

    Spokane

    Friday Harbor

    $                486,000

    Friday Harbor

    San Juan

    Auburn Municipal

    $                395,125

    Auburn

    King

    Friday Harbor

    $                348,000

    Friday Harbor

    San Juan

    Richland

    $                180,500

    Richland

    Benton

    Anacortes

    $                137,000

    Anacortes

    Skagit

    Odessa Municipal

    $                110,000

    Odessa

    Lincoln

    Bremerton National

    $                  59,346

    Bremerton

    Kitsap

    TOTAL

    $          66,758,406

     
     

    MIL OSI USA News –

  • MIL-OSI Economics: Money Market Operations as on May 08, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 6,06,342.90 5.72 3.50-6.85
         I. Call Money 15,220.70 5.82 4.90-5.90
         II. Triparty Repo 3,79,886.45 5.73 5.60-5.77
         III. Market Repo 2,09,827.75 5.71 3.50-6.81
         IV. Repo in Corporate Bond 1,408.00 6.00 5.95-6.85
    B. Term Segment      
         I. Notice Money** 792.60 5.84 5.25-5.90
         II. Term Money@@ 352.00 – 5.75-6.15
         III. Triparty Repo 7,605.00 5.85 5.80-5.95
         IV. Market Repo 2,686.13 5.92 5.85-6.00
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 08/05/2025 1 Fri, 09/05/2025 8,074.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 08/05/2025 1 Fri, 09/05/2025 1,980.00 6.25
    4. SDFΔ# Thu, 08/05/2025 1 Fri, 09/05/2025 1,77,191.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,67,137.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,709.21  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     34,589.21  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,32,547.79  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 08, 2025 9,57,142.18  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 08, 2025 8,074.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/289

    MIL OSI Economics –

  • MIL-OSI Russia: Total revenue of listed companies in China to exceed 71 trillion yuan in 2024

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — The combined operating income and net profit of 5,412 companies listed on the Shanghai, Shenzhen and Beijing stock exchanges last year were 71.98 trillion yuan (about 9.99 trillion U.S. dollars) and 5.22 trillion yuan, respectively, data from the China Association of Listed Companies showed Thursday.

    Of these companies, 4,036 were found to be profitable in 2024, accounting for about three-quarters of the country’s total listed companies. Among profitable companies, 2,194 saw profit growth, and 553 in this category saw profits grow by more than 100 percent last year.

    In 2024, the total R&D investment of listed companies continued to grow, reaching 1.88 trillion yuan, up nearly 60 billion yuan from the previous year.

    In the first quarter of 2025, net profits of companies listed on Chinese stock exchanges totaled 1.49 trillion yuan, up 3.55 percent year-on-year. A total of 4,084 companies were profitable during the same period, further strengthening the positive recovery trend of the Chinese economy.

    As of the end of April 2025, the total number of listed companies in China reached 5,420. Some of them have postponed the publication of their financial reports for 2024. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: United Nations Sanctions (Haiti) (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region

    United Nations Sanctions (Haiti) (Amendment) Regulation 2025 gazetted 
         “The Amendment Regulation amends the United Nations Sanctions (Haiti) Regulation to give effect to certain decisions relating to sanctions in the United Nations Security Council (UNSC) Resolution 2752 in respect of Haiti,” a Government spokesman said.
     
         The amendments renew the travel ban and financial sanctions, and revise the time-limited arms embargo requirements.
     
    The Hong Kong Special Administrative Region Government has all along been implementing fully the sanctions imposed by the UNSC. The Amendment Regulation aims to give effect to the instructions by the Ministry of Foreign Affairs for fulfilling the international obligations of the People’s Republic of China as a Member State of the United Nations.
    Issued at HKT 11:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HK a listing hub for Middle East

    Source: Hong Kong Information Services

    Chief Executive John Lee will lead a delegation on a visit to Kuwait and Qatar. Hong Kong General Chamber of Commerce Chairman Agnes Chan, who will join the delegation, noted that both are high income Middle Eastern countries with a young population, indicating strong spending power.

    “For the past decade, they have focused on the traditional oil and gas industry. Now, they are diversifying into technology and wealth management, areas in which they seek improvement. This is why a government-led visit to these countries is significant.

    “As an international financial centre, Hong Kong aims to leverage this visit to promote itself as the primary listing hub for Middle Eastern firms.”

    She added that the major chambers of commerce joining the trip are hoping to play a role at the business level by facilitating networking events and providing market insights for firms to exchange views on business practices, while for their part, the enterprises must fully understand the local culture, regulatory frameworks and investment strategies of the various locations.

    Ms Chan also suggested increasing direct flights between Hong Kong and major Middle Eastern cities to reduce travel time and enhance exchanges between the two regions.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Senator Murray Blasts Trump’s Attack on Resources to Close Digital Divide: “Republicans Will Have to Explain Why Middle Schoolers in Rural Districts Shouldn’t Get Laptops”

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    Murray first authored and introduced the Digital Equity Act in 2019 and got it passed into law as part of the Bipartisan Infrastructure Law
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and author of the Digital Equity Act responded to a statement from President Trump on Truth Social where he falsely attacks Murray’s law as unconstitutional and loudly announces that he intends to break the law by blocking Digital Equity Act funds.
    “As usual the President has no idea what he’s talking about. I wrote the Digital Equity Act to help close the digital divide in America—it’s about making sure seniors can get online and equipping every student in every classroom with the tools they need to succeed, whether that’s a hotspot to take home or a laptop. My law provides maximal flexibility to cities, states, and Tribes so every local community can decide for themselves how they invest Digital Equity dollars—that’s why it passed with overwhelming bipartisan support.  Let’s be clear, every time President Trump refuses to spend funding appropriated by Congress, he’s stealing from the American people.  
    “It is absolutely insane that resources meant to help red and blue communities—everyone from local school districts and libraries to workforce training programs and Tribes—close the digital divide will be illegally blocked because the President doesn’t like the word equity. Americans are sick and tired of extremist right-wing culture wars being forced down our throats. Republicans will have to explain to their constituents why this Republican administration doesn’t believe their local library should get funding to help seniors navigate telehealth options or why middle schoolers in rural districts shouldn’t get laptops.”
    Senator Murray first introduced the Digital Equity Act in 2019 and worked hard to build a robust coalition of 100+ organizations to secure strong bipartisan consensus and support for her legislation, ultimately passing it into law as a part of the Bipartisan Infrastructure Law. Senator Murray’s Digital Equity Act provided $2.75 billion to establish three federal grant programs, administered by the NTIA, to promote digital equity nationwide by:
    Building Capacity within States through Formula Grants: Creates a five-year $300 million per year formula grant program for all 50 States, the District of Columbia, and Puerto Rico to fund the creation and implementation of comprehensive digital equity plans in each State.
    Spurring Targeted Action through Competitive Grants: Creates a five-year $250 million per year competitive grant program to support digital inclusion projects undertaken by individual groups, coalitions, and/or communities of interest.
    Supporting Research and Evidence-Based Policymaking: Tasks NTIA with evaluating digital equity projects and providing policymakers at the local, state, and federal levels with detailed information about which projects are most effective.
    Digital equity funds can be used in all kinds of ways to support Washington state families and our economy:
    Workforce: supporting the work of local workforce boards, community and technical colleges, and community-based organizations by increasing access to devices across underserved populations, increasing the digital skills of Washington’s current and future workforce, and by increasing the accessibility of state and local resources to workers.
    Education: supporting Washington’s public schools, community and technical colleges, and community-based organizations as they work to integrate technology literacy and fluency in their curriculum, reducing barriers and advancing access to technology, including digital devices, internet connection, and digital skills training.
    Health Care: supporting the Washington Department of Health and the Washington State Health Care Authority in expanding opportunities for Washingtonians to access telehealth services, reducing the need to travel long distances in rural areas for preventative and specialist care. Additionally, the digital equity funds could be used to work with partner organizations to expand the availability and awareness of culturally sensitive and linguistically accessible online healthcare resources and services.
    And much more.

    MIL OSI USA News –