Category: Economy

  • MIL-Evening Report: Batteries for all, not just the rich? Labor’s home battery plan must be properly targeted to be fair

    Source: The Conversation (Au and NZ) – By Rohan Best, Senior Lecturer, Department of Economics, Macquarie University

    NOWRA photography/Shutterstock

    Over the weekend, Labor promised to subsidise home batteries by 30%. This would save about A$4,000 per household up front for an average battery. The scheme has a goal of one million batteries by 2030, costing an estimated $2.3 billion.

    The promise was received broadly favourably as a measure to help with cost of living pressures and encourage the broader shift to clean energy. Labor’s policy has some similarity to an earlier Greens pledge. Last month, the Coalition hinted it was working on its own home battery plan. Opposition leader Peter Dutton has attacked Labor’s plan, claiming the subsidies would benefit the rich.

    Dutton makes a good point. Upfront subsidies have to be well targeted. If they’re not, they could easily go to wealthier households and leave poorer ones behind.

    To fix it, Labor should start with lower subsidies – and means test them.

    What’s the fuss about home batteries?

    Homes with batteries can use stored solar energy instead of grid energy, or charge from the grid when power is cheap and use it when grid power is expensive. They can reduce power bills by around $1,000 a year.

    Over 300,000 Australian households already have a home battery. Uptake was already accelerating in Australia and overseas, as battery prices fall and power prices climb.

    If this policy leads to 1 million batteries by 2030 as Labor hopes, they would boost grid stability, reduce demand for expensive peak power from gas generators and even avoid the need to build some new transmission lines. These would be positive – if the benefits can be spread fairly.

    Subsidies must be properly targeted

    Caution is necessary, because we have seen very similar issues with previous schemes.

    When solar panels were expensive in the 2000s, many state governments offered subsidies to encourage more households to put them on their roofs. On one level, this worked well – one third of all Australian households now have solar. But on another, it failed – richer households took up solar subsidies much more than poorer, as my research has shown. As solar prices have fallen, this imbalance has partly been corrected.

    Home batteries are now in a similar situation. Installing an average sized home battery of between 5 and 10 kilowatt hours can cost less than $10,000, without the proposed federal subsidy. But this upfront cost means it’s currently largely wealthy households doing it, as I have shown in other research.

    If Labor’s policy isn’t properly targeted, wealthier households are more likely to take it up. This is because they can more easily afford to spend the remaining cost. Studies on electric and other vehicle subsidies in the United States show at least half of the subsidies went to people who would have bought the vehicle regardless. That’s good for wealthy households, but unfair to others.

    Targeting has advantages for governments, too. Proper targeting would reduce the cost to the public purse.

    Wealthier households like these in an expensive Sydney suburb were more likely to take up solar – and benefit from early subsidies.
    Harley Kingston/Shutterstock

    So who should be eligible?

    Wealthier households are likely to be able to afford home batteries without the subsidy – especially as costs fall.

    The cost of living crisis has hit less wealthy households hardest. A home battery policy should focus heavily on giving these households a way to reduce their power bills.

    How can governments do this? Largely by means-testing. To qualify for the subsidy, households should have to detail their financial assets.

    To begin with, a policy like this should only be eligible for households outside the top 25% for wealth.

    What about the 31% of Australians who rent their homes? This diverse group requires careful thought.

    Governments may have to offer extra incentives to encourage landlords to install home batteries. The solar roll-out shows landlords do benefit, as they can charge slightly higher rent for properties with solar.

    How much should subsidies be?

    Labor’s election offering of a 30% subsidy is too generous.

    While home batteries can cost more than $10,000, cheaper battery options are now available and state incentive schemes are also emerging. Western Australia, for instance, will have its own generous battery subsidy scheme running before July 1.

    Some households might be able to get subsidies at both state and national levels, which would cover most of the cost of a smaller battery.

    When governments offer high subsidies at the start of a new scheme, there’s a real risk of a cost blowout.

    To avoid this, governments should begin with the lowest subsidy which still encourages household investment. If low subsidies lead to low uptake, the government could then raise subsidies after an annual review.

    Another option is to vary how much the subsidy is based on household wealth. Lower wealth households get higher subsidies (say $2,500) while higher wealth households get a much lower subsidy (say $500).

    Governments could even consider equitable reverse auctions, where households with similar wealth compete for subsidies. Governments can then choose lower bids in the interest of cost-effectiveness.

    At present, Labor’s policy would give higher subsidies for larger batteries. This isn’t ideal. On solar, there’s a lack of evidence higher subsidies lead to larger solar systems, while households with more wealth tend to get larger solar systems.

    Good start, improvement needed

    Labor’s home battery policy has been welcomed by many in the energy sector. But as it stands, we cannot be sure it will fairly share the benefits of home batteries.

    If Labor or the Coalition does offer a well-targeted home battery policy, it would be world leading. Over time, it would directly help with the rising cost of living and ensure less wealthy households benefit.

    Rohan Best previously received funding from the Economic Research Institute for ASEAN and East Asia (ERIA).

    ref. Batteries for all, not just the rich? Labor’s home battery plan must be properly targeted to be fair – https://theconversation.com/batteries-for-all-not-just-the-rich-labors-home-battery-plan-must-be-properly-targeted-to-be-fair-253445

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: President Lai delivers remarks on US tariff policy response

    Source: Republic of China Taiwan

    Details
    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

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

    Details
    2025-01-01
    President Lai delivers 2025 New Year’s Address
    On the morning of January 1, President Lai Ching-te delivered his 2025 New Year’s Address, titled “Bolstering National Strength through Democracy to Enter a New Global Landscape,” in the Reception Hall of the Presidential Office. President Lai stated that today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. In this new year, he said, Taiwan must be united, and we must continue on the right course. The president expressed hope that everyone in the central and local governments, regardless of party, can work hard together, allowing Taiwan sure footing as it strides forward toward ever greater achievements.  President Lai emphasized that in 2025, we must keep firm on the path of democracy, continue to bolster our national strength, make Taiwan more economically resilient, enhance the resilience of supply chains for global democracies, and continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. The president said that Taiwan will keep going strong, and we will keep walking tall as we enter the new global landscape. A translation of President Lai’s address follows: Today is the first day of 2025. With a new year comes new beginnings. I wish that Taiwan enjoys peace, prosperity, and success, and that our people lead happy lives. Taiwan truly finished 2024 strong. Though there were many challenges, there were also many triumphs. We withstood earthquakes and typhoons, and stood firm in the face of constant challenges posed by authoritarianism. We also shared glory as Taiwan won the Premier12 baseball championship, and now Taiwanese people around the world are all familiar with the gesture for Team Taiwan. At the Paris Olympics, Wang Chi-lin (王齊麟) and Lee Yang (李洋) clinched another gold in men’s doubles badminton. Lin Yu-ting (林郁婷) took home Taiwan’s first Olympic gold in boxing. At the International Junior Science Olympiad, every student in our delegation of six won a gold medal. And Yang Shuang-zi’s (楊双子) novel Taiwan Travelogue, translated into English by King Lin (金翎), became a United States National Book Award winner and a tour de force of Taiwan literature on the international level. Our heroes of Taiwan are defined by neither age nor discipline. They have taken home top prizes at international competitions and set new records. They tell Taiwan’s story through their outstanding performances, letting the world see the spirit and culture of Taiwan, and filling all our citizens with pride. My fellow citizens, we have stood together through thick and thin; we have shared our ups and downs. We have wept together, and we have laughed together. We are all one family, all members of Team Taiwan. I want to thank each of our citizens for their dedication, fueling Taiwan’s progress and bringing our nation glory. You have given Taiwan even greater strength to stand out on the global stage. In this new year, we must continue bringing Taiwan’s stories to the world, and make Taiwan’s successes a force for global progress. In 2025, the world will be entering a new landscape. Last year, over 70 countries held elections, and the will of the people has changed with the times. As many countries turn new pages politically, and in the midst of rapid international developments, Taiwan must continue marching forward with steady strides. First, we must keep firm on the path of democracy. Taiwan made it through a dark age of authoritarianism and has since become a glorious beacon of democracy in Asia. This was achieved through the sacrifices of our democratic forebears and the joint efforts of all our citizens. Democracy’s value to Taiwan lies not just in our free way of life, or in the force driving the diverse and vigorous growth of our society. Democracy is the brand that has earned us international trust in terms of diplomacy. No matter the threat or challenge Taiwan may face, democracy is Taiwan’s only path forward. We will not turn back. Domestic competition among political parties is a part of democracy. But domestic political disputes must be resolved democratically, within the constitutional system. This is the only way democracy can continue to grow. The Executive Yuan has the right to request a reconsideration of the controversial bills passed in the Legislative Yuan, giving it room for reexamination. Constitutional institutions can also lodge a petition for a constitutional interpretation, and through Constitutional Court adjudication, ensure a separation of powers, safeguard constitutional order, and gradually consolidate the constitutional system. The people also have the right of election, recall, initiative, and referendum, and can bring together even greater democratic power to show the true meaning of sovereignty in the hands of the people. In this new year, the changing international landscape will present democratic nations around the world with many grave challenges. Russia’s invasion of Ukraine and conflict between Israel and Hamas rage on, and we are seeing the continued convergence of authoritarian regimes including China, Russia, North Korea, and Iran, threatening the rules-based international order and severely affecting peace and stability in the Indo-Pacific region and the world at large. Peace and stability in the Taiwan Strait are essential components for global security and prosperity. Taiwan needs to prepare for danger in times of peace. We must continue increasing our national defense budget, bolster our national defense capabilities, and show our determination to protect our country. Everyone has a responsibility to safeguard Taiwan’s democracy and security. We must gather together every bit of strength we have to enhance whole-of-society defense resilience, and build capabilities to respond to major disasters and deter threats or encroachment. We must also strengthen communication with society to combat information and cognitive warfare, so that the populace rejects threats and enticements and jointly guards against malicious infiltration by external forces. Here at home, we must consolidate democracy with democracy. Internationally, we must make friends worldwide through democracy. This is how we will ensure security and peace. The more secure Taiwan, the more secure the world. The more resilient Taiwan, the sounder the defense of global democracy. The global democratic community should work even closer together to support the democratic umbrella as we seek ways to resolve the war in Ukraine and conflict between Israel and Hamas. Together, we must uphold stability in the Taiwan Strait and security in the Indo-Pacific, and achieve our goal of global peace. Second, we must continue to bolster our national strength, make Taiwan more economically resilient, and enhance the resilience of supply chains for global democracies. In the first half of 2024, growth in the Taiwan Stock Index was the highest in the world. Our economic growth rate for the year as a whole is expected to reach 4.2 percent, leading among the Four Asian Tigers. Domestic investment is soaring, having exceeded NT$5 trillion, and inflation is gradually stabilizing. Export orders from January to November totaled US$536.6 billion, up 3.7 percent from the same period in 2023. And compared over the same period, exports saw a 9.9 percent increase, reaching US$431.5 billion. Recent surveys also show that in 2024, the average increase in salaries at companies was higher than that in 2023. Additionally, over 90 percent of companies plan to raise salaries this year, which is an eight-year high. All signs indicate that Taiwan’s economic climate continues to recover, and that our economy is growing steadily. Our overall economic performance is impressive; still, we must continue to pay attention to the impact on Taiwan’s industries from the changing geopolitical landscape, uncertainties in the global economic environment, and dumping by the “red supply chain.”  For a nation, all sectors and professions are equally important; only when all our industries are strong can Taiwan be strong as a nation. Our micro-, small-, and medium-sized enterprises (MSMEs) are the lifeblood of Taiwan, and the development of our various industrial parks has given Taiwan the impetus for our prosperity. We must carry the spirit of “Made in Taiwan” forward, bringing it to ever greater heights. Thus, beyond just developing our high-tech industry, our Executive Yuan has already proposed a solution that will help traditional industries and MSMEs comprehensively adopt technology applications, engage in the digital and net-zero twin transition, and develop channels, all for better operational structures and higher productivity. Taiwan must continue enhancing its economic resilience. In recent years, Taiwan has significantly increased its investments in the US, Japan, Europe, and the New Southbound countries, and such investment has already surpassed investment in China. This indicates that our efforts in diversifying markets and reducing reliance on any single market are working. Moving forward, we must keep providing assistance so that Taiwan industries can expand their global presence and market internationally from a solid base here in Taiwan. At the same time, Taiwan must use democracy to promote economic growth with the rest of the world. We must leverage our strengths in the semiconductor and AI industries. We must link with democratic countries so that we can together enhance the resilience of supply chains for global democracies. And through international cooperation across many sectors, such as UAVs, low-orbit communications satellites, robots, military, security and surveillance, or biopharmaceuticals, renewable energy technology, new agriculture, and the circular economy, we must keep abreast of the latest cutting-edge technology and promote diverse development. This approach will help Taiwan remain a leader in advancing global democratic supply chains, ensuring their security and stability. Third, we must continue working toward a Balanced Taiwan and generational justice, ensuring that the fruits of our economic growth can be enjoyed by all our people. Democracy means the people have the final say. Our nation belongs to all 23 million of us, without regard for ethnic group, generation, political party, or whether we live in urban or rural areas. In this new year, we must continue to pursue policies that promote the well-being of the nation and the people. But to that end, the central government needs adequate financial resources to ensure that it can enact each of these measures. Therefore, I hope that the ruling and opposition parties can each soberly reconsider the amendments to the Act Governing the Allocation of Government Revenues and Expenditures and find a path forward that ensures the lasting peace and stability of our country. For nine consecutive years, the minimum wage has continued to rise. Effective today, the minimum monthly salary is being raised from NT$27,470 to NT$28,590, and the hourly salary from NT$183 to NT$190. We hope by raising the pay for military personnel, civil servants, and educators for two consecutive years, coupled with benefits through wage increases and tax reductions, that private businesses will also raise wages, allowing all our people to enjoy the fruits of our economic growth. I know that everyone wants to pay lower taxes and rent. This year, we will continue to promote tax reductions. For example, unmarried individuals with an annual income of NT$446,000 or less can be exempt from paying income tax. Dual-income families with an annual income of NT$892,000 or less and dual-income families with two children aged six or younger with an annual income of NT$1,461,000 or less are also exempt from paying income tax. Additionally, the number of rent-subsidized housing units will also be increased, from 500,000 to 750,000 units, helping lighten the load for everyone. This year, the age eligibility for claiming Culture Points has been lowered from 16 to 13 years, so that now young people aged between 13 and 22 can receive government support for experiencing more in the arts. Also, our Taiwan Global Pathfinders Initiative is about to take effect, which will help more young people in Taiwan realize their dreams by taking part in education and exchange activities in many places around the world. We are also in the process of establishing a sports ministry to help young athletes achieve their dreams on the field, court, and beyond. The ministry will also be active in developing various sports industries and bringing sports and athletics more into the lives of the people, making our people healthier as a result. This year, as Taiwan becomes a “super-aged society,” we will launch our Long-term Care 3.0 Plan to provide better all-around care for our seniors. And we will expand the scope of cancer screening eligibility and services, all aimed at creating a Healthy Taiwan. In addition, Taiwan will officially begin collecting fees for its carbon fee system today. This brings us closer in line with global practices and helps us along the path to our goal of net-zero emissions by 2050. We will also continue on the path to achieving a Balanced Taiwan. Last month, the Executive Yuan launched the Trillion NT Dollar Investment National Development Plan and its six major regional flagship projects. Both of these initiatives will continue to expand the investment in our public infrastructure and the development of local specialty industries, narrowing urban-rural and wealth gaps so that all our people can live and work in peace and happiness. My fellow citizens, today’s Taiwan is receiving international recognition for its performance in many areas, among them democracy, technology, and economy. This tells us that national development is moving in the right direction. In this new year, Taiwan must be united, and we must continue on the right course. We hope that everyone in the central and local governments, regardless of party, can work hard together to ensure that national policies are successfully implemented, with the people’s well-being as our top priority. This will allow Taiwan sure footing as it strides forward toward ever greater achievements. In this new year, we have many more brilliant stories of Taiwan to share with the world, inspiring all Taiwanese, both here and around the world, to cheer time and again for the glory of Taiwan. Taiwan will keep going strong. And we will keep walking tall as we enter the new global landscape. Thank you.

    Details
    2024-10-10
    President Lai delivers 2024 National Day Address
    President Lai Ching-te on the morning of October 10 attended the ROC’s 113th Double Tenth National Day Celebration in the plaza fronting the Presidential Office Building, and delivered an address titled “Taiwan Together for Our Shared Dream.” A translation of the president’s address follows: National Day Celebration Chairperson Han Kuo-yu (韓國瑜), Vice President Bi-khim Hsiao, Premier Cho Jung-tai (卓榮泰), Prime Minister of Tuvalu Feleti Teo and Madame Tausaga Teo, heads of delegations from diplomatic allies and friendly nations, distinguished guests from home and abroad, and my fellow citizens here in person and watching on TV or online: Good morning. Today, we gather together to celebrate the birthday of the Republic of China, praise the beautiful Taiwan of today, and usher in the better Taiwan for tomorrow. One hundred and thirteen years ago, a group of people full of ideals and aspirations rose in revolt and overthrew the imperial regime. Their dream was to establish a democratic republic of the people, to be governed by the people and for the people. Their ideal was to create a nation of freedom, equality, and benevolence. However, the dream of democracy was engulfed in the raging flames of war. The ideal of freedom had for long eroded under authoritarian rule. But we will never forget the Battle of Guningtou 75 years ago, or the August 23 Artillery Battle 66 years ago. Though we arrived on this land at different times and belonged to different communities, we defended Taiwan, Penghu, Kinmen, and Matsu. We defended the Republic of China. We will never forget the Kaohsiung Incident 45 years ago, or wave after wave of democracy movements. Again and again, people who carried the dream of democracy and the ideal of freedom, through valiant sacrifice and devotion, gave their lives to open the door to democracy. Over more than a century, the people’s desire to master their own destiny has finally been fulfilled. My fellow citizens, though the Republic of China was driven out of the international community, the people of Taiwan have never exiled themselves. On this land, the people of Taiwan toil and labor, but when our friends face natural disasters or an unprecedented pandemic, we do not hesitate to extend a helping hand. “Taiwan Can Help” is not just a slogan. It is a movement by the people of Taiwan to cherish peace and do good for others. In the past, our people, going out into the world equipped with only a briefcase, sparked Taiwan’s economic achievements. Now, Taiwan’s chip technology drives the whole world, and has become a global force for prosperity and development. The people of Taiwan are diverse, and they are fearless. Our own Nymphia Wind is a queen on the world stage. The people of Taiwan are truly courageous. Lin Yu-ting (林郁婷), a daughter of Taiwan, is a queen of the boxing world. At 17 years old, Taiwan’s own Tsai Yun-rong (蔡昀融) put steady hands to work and won first place for woodwork in a global skills competition. Chen Sz-yuan (陳思源), at 20, took first for refrigeration and air conditioning, using the skills passed down by his father. A new generation of “Made in Taiwan” youth is putting a new shine on an old label. I want to thank generation after generation of fellow citizens for coming together and staying together through thick and thin. The Republic of China has already put down roots in Taiwan, Penghu, Kinmen, and Matsu. And the Republic of China and the People’s Republic of China are not subordinate to each other. On this land, democracy and freedom are growing and thriving. The People’s Republic of China has no right to represent Taiwan. The 23 million people of Taiwan, now more than ever, must reach out our branches to embrace the future. My fellow citizens, we have overcome challenge after challenge. All along, the Republic of China has shown steadfast resolve; and all along, the people of Taiwan have shown unwavering tenacity. We fully understand that our views are not all the same, but we have always been willing to accept one another. We fully understand that we have differences in opinion, but we have always been willing to keep moving forward hand in hand. This is how the Republic of China Taiwan became what it is today. As president, my mission is to ensure that our nation endures and progresses, and to unite the 23 million people of Taiwan. I will also uphold the commitment to resist annexation or encroachment upon our sovereignty. It is also my mission to safeguard the lives and property of the public, firmly carry out our Four Pillars of Peace action plan, strengthen national defense, stand side by side with democratic countries, jointly demonstrate the strength of deterrence, and ensure peace through strength, so that all generations can lead good lives. All the more, my mission is to care for the lives and livelihoods of the 23 million people of Taiwan, actively develop our economy, and expand investment in social care. I must also ensure that the fruits of our economic growth can be enjoyed by all our people. However, Taiwan faces relentless challenges, and the world’s challenges are just as much our own. The world must achieve sustainable development as we grapple with global climate change. Sudden outbreaks of infectious diseases impact human lives and health around the globe. And expanding authoritarianism is posing a host of challenges to the rules-based international order, threatening our hard-won free and democratic way of life. For these reasons, I have established three committees at the Presidential Office: the National Climate Change Committee, the Healthy Taiwan Promotion Committee, and the Whole-of-Society Defense Resilience Committee. These committees are interrelated, and they are closely connected by the theme of national resilience. We intend to build up a more resilient Taiwan, proactively deal with challenges, and bring Taiwan into deeper cooperation with the international community. We must strengthen Taiwan’s ability to adapt to the risks associated with extreme weather, continue promoting our second energy transition, and ensure a stable power supply. We must steadily advance toward our goal of net-zero transition by 2050 through the development of more forms of green energy, deep energy saving, and advanced energy storage. In terms of health, we must effectively fight the spread of global infectious diseases, and raise the population’s average life expectancy while reducing time spent living with illness or disability. We must achieve health equality so that people are healthy, the nation is stronger, and so that the world embraces Taiwan. Finally, we must strengthen resilience throughout Taiwan in national defense, economic livelihoods, disaster prevention, and democracy. As the people of Taiwan become more united, our nation grows more stable. As our society becomes better prepared, our nation grows more secure, and there is also greater peace and stability in the Taiwan Strait. Taiwan is resolved in our commitment to upholding peace and stability in the Taiwan Strait and achieving global security and prosperity. We are willing to work with China on addressing climate change, combatting infectious diseases, and maintaining regional security to pursue peace and mutual prosperity for the well-being of the people on the two sides of the Taiwan Strait. For a long time now, countries around the world have supported China, invested in China, and assisted China in joining the World Trade Organization, thereby promoting China’s economic development and enhancing its national strength. This was done out of the hope that China would join the rest of the world in making global contributions, that internally it would place importance on the livelihoods of the people, and that externally it would maintain peace. As we stand here today, international tensions are on the rise, and each day countless innocents are suffering injuries or losing their lives in conflict. We hope that China will live up to the expectations of the international community, that it will apply its influence and work with other countries toward ending Russia’s invasion of Ukraine and conflicts in the Middle East. And we hope that it will take up its international responsibilities and, along with Taiwan, contribute to the peace, security, and prosperity of the region and the globe. In an era when the international landscape is becoming increasingly chaotic, Taiwan will become more calm, more confident, and stronger; it will become a force for regional peace, stability, and prosperity. I believe that a stronger democratic Taiwan is not only the ideal of our 23 million people, but also the expectation of the international community. We will continue to make Taiwan stronger and promote cross-sector economic development. Taiwan’s economic strength is no “miracle”; it is the result of the joint efforts of all the people of Taiwan. We must strive for an innovative economy, a balanced Taiwan, and inclusive growth; we must stay on top of changes in global trends, and continue to remain a key player in supply chains for global democracies. Going forward, in addition to our 5+2 innovative industries plan and Six Core Strategic Industries policy, we will more vigorously develop Taiwan’s Five Trusted Industry Sectors, namely semiconductors, AI, military, security and surveillance, and next-generation communications, and help expand their global presence. We will also promote the transformation and development of medium, small, and micro enterprises and help them develop their international markets. My fellow citizens, we will continue working to achieve a Taiwan that is balanced across all its regions. In the central government’s proposed general budget plan for next year, general grants for local governments and general centrally funded tax revenues increased significantly, by NT$89.5 billion, reaching a total of NT$724.1 billion, a record high. And our budget for flood control will be raised by NT$15.9 billion from this year, bringing the total to NT$55.1 billion. This will help municipalities across the country in addressing the challenges of extreme weather.  We will also expedite improvements to the safety of our national road network and create a human-friendly transportation environment. Furthermore, we will improve our mass rapid transit network and connect the greater Taipei area comprising Taipei, New Taipei, Keelung, and Taoyuan. We will roll out the new Silicon Valley plan for Taoyuan, Hsinchu, and Miaoli to form a central technology cluster connecting the north with the south and launch the Smart Technology Southern Industrial Ecosystem Development Plan. We will accelerate promotion of safety in our eastern transportation network so that locals can go home on safer roads. We will also enhance basic infrastructure in the outlying island areas to raise the quality of life for locals and increase their capacity for tourism. My fellow citizens, we must all the more ensure the well-being of our people across the generations. To our young parents, we will continue to promote version 2.0 of our national childcare policy for ages 0–6. We are going even further by already increasing childcare subsidies, and we will also enhance the quality of preschool services. Children are the future of our country, and the government has the responsibility to help take care of them. To our young students, we will continue to provide free tuition for students of high schools and vocational high schools, and we will also continue to subsidize tuition for students of private junior colleges, colleges, and universities. And we are taking that a step further by establishing the Ten-Billion-Dollar Youth Overseas Dream Fund. Young people have dreams, and the government has the responsibility to help youth realize those dreams. To our young adults and those in the prime of life, next year, the minimum wage will once again be raised, and the number of rent-subsidized housing units will be increased. We will expand investment in society and provide more support across life, work, housing, and health, and support for the young and old. Raising a family is hard work, and the government has a responsibility to help lighten the load. To our senior citizens all around Taiwan, next year, Taiwan will become a “super-aged society.” In advance, we will launch our Long-term Care 3.0 Plan and gradually implement the 888 Program for the prevention and treatment of chronic diseases. We will also establish a NT$10 billion fund for new cancer drugs and advance the Healthy Taiwan Cultivation Plan. We will build a stronger social safety net and provide enhanced care for the disadvantaged. And we will bring mental health support to people of all ages, including the young and middle-aged, to truly achieve care for all people of all ages throughout the whole of our society. I am deeply aware that what everyone cares about the most is the pressure of high housing prices, and that what they most detest is rampant fraud. I give the people my promise that our administration will not shirk these issues; even if it offends certain groups, we will address them no matter the price. We will redouble our efforts to combat fraud and fight housing speculation. We will expand care for renters and strike a balance with the needs of people looking to change homes. We will walk together, continuing down the path toward achieving housing justice. We have with us today former President Chen Shui-bian, former President Tsai Ing-wen, and leaders from different political parties. I want to thank all of you for attending. Your presence represents the strength our nation has built up over generations, as well as the values and significance of Taiwan’s diverse democracy. Our nation must become more united, and our society must grow more stable. I also want to thank Legislative Yuan President Han and Premier Cho for recently initiating cooperation among the ruling and opposition parties to facilitate discussion among the ruling and opposition party caucuses. In democratic countries, political parties internally promote the nation’s progress through competition, and externally they unite to work toward achieving national interests. No matter our political party, no matter our political stances, national interests come before the interests of parties, and the interests of parties can never take precedence over the interests of the people. And this is precisely the spirit upheld by those who sacrificed, who gave everything they had, in order to establish the Republic of China. This is the lesson we take from our predecessors who, generation upon generation, overcame authoritarianism, and sacrificed and devoted themselves to the pursuit of democracy. That is precisely why, regardless of party affiliation or regardless of our differences, we are gathered here today. Regardless of what name we choose to call our nation – the Republic of China; Taiwan; or the Republic of China Taiwan – we must all share common convictions: Our determination to defend our national sovereignty remains unchanged. Our efforts to maintain the status quo of peace and stability in the Taiwan Strait remain unchanged. Our commitment to hoping for parity and dignity, and healthy and orderly dialogue and exchanges between the two sides of the strait remains unchanged. Our determination, from one generation to the next, to protect our free and democratic way of life remains unchanged. I believe this is the dream that Taiwan’s 23 million people all share; it is also the shared ideal that Taiwanese society and the international community hold. The stronger the commitment of the Taiwanese people, the greater the tenacity of democracy around the world. The greater the tenacity of the Taiwanese people, the stronger the commitment of democracy around the world. Let’s keep going, Republic of China! Let’s keep going, Taiwan! Regardless of our differences, let’s keep going forward! Thank you.

    Details
    2024-06-24
    President Lai’s remarks on legislative amendments
    On the morning of June 24, President Lai Ching-te delivered his remarks on recent legislative amendments. In remarks, President Lai emphasized opposition to an expansion of legislative power, not legislative reforms, and said that the legislature should naturally engage in reforms, but refrain from an excessive expansion of power, adding that any proposal for legislative reform should remain legal and constitutional. Particularly, the president said, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan, and more importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, the president stated that he will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. Emphasizing that the president’s role is as a guardian of democratic and constitutional governance, President Lai said that given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon him to perform his duties as president and take action. Today, he said, he has decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. Stating that this approach is responsible to our nation and to our history and actually reflects the expectations of the people, the president expressed his hope that all of our fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. A translation of President Lai’s remarks follows: One month ago, I was sworn in as president, taking an oath before the people to observe the Constitution and faithfully perform my duties. Therefore, following the legislature’s passing of amendments to the Law Governing the Legislative Yuan’s Power and to the Criminal Code, earlier this morning, I signed these amendments into law in accordance with the Constitution, and will promulgate the bills today. However, aside from the deliberative process over the amendments raising pronounced concerns from the public, the contents of the bills also risk compromising the constitutional principle of separation of powers, as well as that of checks and balances. A moment ago, Attorney Hong Wei-sheng (洪偉勝) explained our reasons for seeking to petition for a constitutional interpretation. I would like to share with our fellow citizens that it is the responsibility and mission of the president to safeguard our free and democratic constitutional system and protect the rights of the people. In a free and democratic constitutional system, core principles include separation of powers, checks and balances, and the protection of human rights. Separation of powers should be based on the Constitution, with the branches working independently while respecting one another. Regarding checks and balances, branches should function according to their institutional design to ensure constitutionally responsible government. Therefore, I must emphasize that we are opposing an expansion of legislative power, not legislative reforms. The legislature should naturally engage in reforms, but refrain from an excessive expansion of power. Any proposal for legislative reform should remain legal and constitutional. Particularly, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan. More importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, I will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. On the issue of the president giving an address on the state of the nation at the Legislative Yuan, there are already existing regulations in place in the Constitution and the Law Governing the Legislative Yuan’s Power. During legislative sessions, the legislature may invite the president to give a state of the nation address on national security and major policies. I have previously said that on the condition of legal and constitutional procedures, I am willing to deliver a state of the nation address at the Legislative Yuan. However, recent amendments passed by the legislature redefine the president’s address on the state of the nation as compulsory and require that the address be followed with an on-the-spot question and answer session, in an attempt to change the design of responsible government in the Constitution. This disrupts the institution of the Executive Yuan being responsible to the Legislative Yuan, leading to concerns about an overreaching expansion of the power originally bestowed to legislators by the Constitution. As president, I will not impose my personal opinions on the constitutional order; nor will I place my personal interests before national interests. As a physician, I deeply understand that any diagnosis should be made with care. When performing organ transplants, the physician must carefully evaluate and match various attributes, such as blood type, physical constitution, and other conditions. The same principles for treating illness hold true for governing a country. Institutional or legal transplants performed in the absence of careful evaluation or discussion could lead to negative outcomes for the nation’s constitutional governance and the protection of the people’s rights. We must address these issues seriously. Every law has far-reaching impact on our nation, our society, and the next generation. The president’s role is as a guardian of democratic and constitutional governance. Given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon me to perform my duties as president and take action. Today, I have decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. This approach is responsible to our nation and to our history and actually reflects the expectations of the people. The Constitution stands as the supreme legal basis of our nation, and the Constitutional Court is the highest judicial organ that works to maintain the constitutional order and protect the rights of citizens. As to the interpretation, ruling and opposition parties must respect and accept the results, no matter what they turn out to be. And we also hope that the public will be able to support the results. In the coming days, as this process of constitutional interpretation unfolds, there will be much discussion and debate among the public. I am confident that this will be a reaffirmation, by Taiwanese society, of our democratic and constitutional governance, and that it will make our democratic society even more mature. For democracy to be even more deeply entrenched, it needs defending, and it needs dialogue. And the historic moment to defend the constitutional structure of free democracy is now. I hope that all of my fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. Thank you. Also in attendance were Secretary-General to the President Pan Men-an (潘孟安), Deputy Secretary-General to the President Xavier Chang (張惇涵), and agent ad litem Attorney Hong.

    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 USA: Beatty Leads Bipartisan Resolution Championing Financial Health for Every American

    Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)

    WASHINGTON, DC – Today, Financial Literacy and Wealth Creation Caucus Co-Chairs Congresswoman Joyce Beatty (OH-03) and Congresswoman Young Kim (CA-40) introduced H.Res.292, a resolution to recognize April as Financial Literacy Month to increase public awareness of the value of financial capability and the need for sound money management practices. Financial Literacy Month also provides an opportunity to advocate for financial education in public schools, establishing a solid financial foundation for future generations of Americans.

    “Encouraging financial literacy among students, seniors, and hardworking American consumers is essential,” said Congresswoman Beatty. “When people are equipped with the tools to develop healthy financial habits, they are empowered to take control of their personal finances and create better economic outcomes for their families—now and for generations to come. Financial literacy is a vital skill that can mean the difference between economic hardship and lasting financial freedom. Alongside Congresswoman Kim, I’m proud to lead the effort in the U.S. House of Representatives to make financial capability a reality for every American.”

    “Financial literacy empowers individuals and families to make informed decisions, from budgeting and saving to investing and planning for retirement. In California, where the cost of living continues to rise, understanding personal finance is more important than ever. The earlier Americans learn how to manage their finances, the better prepared they will be to secure their financial future and avoid pitfalls like fraud or debt,” said Congresswoman Young Kim. “As we recognize April as Financial Literacy Month, I am proud to work as Financial Literacy and Wealth Creation Co-Chair with Rep. Joyce Beatty to champion financial education and ensure all Californians have the tools to build wealth and protect their financial well-being for generations to come.”

    “Financial Literacy Month highlights the importance of equipping students with essential financial knowledge. Requiring high school students to take personal finance courses ensures they graduate with the skills needed to make informed financial decisions and build a prosperous future,” said Leslie Finnan, Senior Advocacy Director of the Council for Economic Education (CEE). “CEE supports teachers in delivering this critical education, empowering the next generation to succeed financially and contribute to their communities.”

    “Financial education is an essential component of improving overall financial well-being, resulting in numerous demonstrated financial and societal benefits,” says Billy Hensley, Ph.D., President and CEO of the National Endowment for Financial Education (NEFE). “I commend Congresswomen Joyce Beatty and Young Kim for their bipartisan commitment to advancing financial literacy. Their leadership is instrumental in empowering all communities, promoting economic equality and advancing a more inclusive financial system. Efforts to improve financial well-being fuel the momentum toward a reality where everyone has the resources needed to thrive. NEFE believes that consequential collaboration will create a future where impactful financial education is accessible to all.”

    “Financial literacy is a vital foundation for building financial health,” said Jennifer Tescher, Founder and CEO of the Financial Health Network. “Yet today, only about one in three Americans is considered financially healthy—a reminder that knowledge must be paired with well-designed products, timely guidance, and supportive policies. At the Financial Health Network, we have seen the benefits of multiple stakeholders working across sectors to ensure that people can navigate their financial lives with confidence. Financial Literacy Month is a valuable moment to recommit to that shared goal.”

    The resolution is cosponsored by Reps. Don Bacon (NE-02), André Carson (IN-07), Ed Case (HI-01), Emanuel Cleaver (MI-05), Brian Fitzpatrick (PA-01), Mike Flood (NE-01), Sylvia Garcia (TX-29), Henry “Hank” Johnson (GA-04), Dan Meuser (PA-09), Tim Moore (NC-14), Maria Elvira Salazar (FL-27), David Scott (GA-13), Terri Sewell (AL-07), Melanie Stansbury (NM-01), Shri Thanedar (MI-13), David Valadao (CA-22), and Nikema Williams (GA-05).

    Read the full resolution text HERE.

    ###

    MIL OSI USA News

  • MIL-OSI Banking: Money Market Operations as on April 04, 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) 4,933.25 5.96 5.25-7.00
         I. Call Money 1,522.60 5.87 5.25-6.35
         II. Triparty Repo 1,680.75 5.82 5.40-6.39
         III. Market Repo 62.00 5.75 5.75-5.75
         IV. Repo in Corporate Bond 1,667.90 6.20 6.15-7.00
    B. Term Segment      
         I. Notice Money** 14,754.46 6.11 5.00-6.40
         II. Term Money@@ 1,269.00 5.90-6.45
         III. Triparty Repo 4,45,987.70 6.03 5.75-6.50
         IV. Market Repo 2,04,185.40 5.97 0.01-6.60
         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 Fri, 04/04/2025 3 Mon, 07/04/2025 12,419.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 04/04/2025 1 Sat, 05/04/2025 1,876.00 6.50
      Fri, 04/04/2025 2 Sun, 06/04/2025 0.00 6.50
      Fri, 04/04/2025 3 Mon, 07/04/2025 291.00 6.50
    4. SDFΔ# Fri, 04/04/2025 1 Sat, 05/04/2025 2,25,219.00 6.00
      Fri, 04/04/2025 2 Sun, 06/04/2025 0.00 6.00
      Fri, 04/04/2025 3 Mon, 07/04/2025 33,868.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,44,501.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,065.99  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     65,016.99  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,79,484.01  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on April 04, 2025 9,36,934.36  
         (ii) Average daily cash reserve requirement for the fortnight ending April 04, 2025 9,28,983.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ April 04, 2025 12,419.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on March 21, 2025 1,11,247.00  
    @ 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. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/44

    MIL OSI Global Banks

  • MIL-OSI China: China’s proactive policy helps woo foreign investors

    Source: China State Council Information Office

    This photo taken on April 26, 2024 shows a BMW electric vehicle displayed at the signing ceremony for deepening strategic cooperation between BMW and Shenyang, in Shenyang, northeast China’s Liaoning Province. [Photo/Xinhua]

    Despite operating in different industry sectors, several multinational corporations — such as Germany’s Siemens AG, Tapestry Inc of the United States and Japan’s Takeda Pharmaceutical Co — share a common goal of stepping up investment in China’s high-tech and supply chain sectors to stay competitive.

    Their top executives, who attended the China Development Forum 2025 in Beijing in March, noted that the Chinese government’s proactive efforts — from expanding domestic demand to fostering emerging and future industries, and deepening international cooperation through greater openness — are sending out strong signals and continuously boosting the confidence of foreign businesses in the Chinese market, despite rising global trade protectionism, unilateralism and geopolitical tensions.

    One such company is Mercedes-Benz.

    The German automotive group will begin producing the long-wheelbase electric CLA, a compact luxury model, in China this year, followed by the long-wheelbase GLE SUV and an all-new electric van in the coming years.

    Ola Kaellenius, chairman of the board of management at Mercedes-Benz, said the company has made significant strides in research and development in China. Powered by its innovation centers in Beijing and Shanghai and supported by 2,000 local experts, the group has advanced its development of connectivity, digitalization, autonomous driving features and electric vehicle transformation.

    “Just like other European automotive companies, we have been among the biggest foreign beneficiaries of China’s rapid economic growth,” said Kaellenius.

    “At the same time, our industry has been one of the largest recipients of foreign direct investment in China. There is a strong interdependence between China and the European Union. Both sides want to protect jobs in their home markets while reaping the benefits of free international trade,” he added.

    Noting that China’s growing focus on boosting domestic consumption is giving global companies greater confidence to invest in the world’s second-largest economy, Joanne Crevoiserat, CEO of Tapestry, said the company is keen to contribute to the country’s consumption upgrade and expansion by bringing more innovative products to this market.

    Tapestry is a New York-based luxury goods maker and the parent company of brands like Coach and Kate Spade.

    “China is our largest market outside the US, and it is a major source of inspiration for us globally. Many of the innovations we develop here — through partnerships with Chinese companies to serve Chinese consumers — are later introduced to other markets around the world,” Crevoiserat said.

    The company, she added, is on track to achieve its goal of opening 100 stores in China between 2022 and 2025, with the milestone set to be reached by the end of this year.

    “In addition to investing in physical stores, or brick-and-mortar retail, we will also invest in digital, particularly with the advancements in the Chinese market, as local consumers are fairly digitally engaged,” she said. “So, we have been making investments into our digital capabilities and meeting the consumer demand in an omnichannel way.”

    Christophe Weber, president, CEO and representative director of Takeda Pharmaceutical Co, expressed a similar opinion.

    Takeda will make targeted investments in data and digital solutions in China to unleash the power of new technology for the future of healthcare, he said.

    In January, the Japanese company announced the signing of an investment cooperation agreement to establish its China innovation center in Chengdu, Sichuan province. The new facility will focus on digital healthcare innovation and leverage big data and artificial intelligence technologies to develop solutions.

    Eager to stabilize its appeal to global investors in 2025, China will further open up internet-related, cultural and other sectors in a well-regulated manner and expand pilot programs to open fields such as telecommunications, medical services and education, according to this year’s Government Work Report.

    The country will encourage foreign investors to increase reinvestment and support collaboration among upstream and downstream enterprises along industrial chains.

    The report said national treatment will be ensured for foreign-funded enterprises in areas such as access to production factors, licensing, standards setting and government procurement.

    Sang Baichuan, dean of the University of International Business and Economics’ Institute of International Economy in Beijing, said that China enjoys a stable political, economic and social environment when compared to several other countries.

    Amid mounting global economic headwinds, China’s steadfast commitment to opening-up, backed by consistent government support and a more level playing field, is encouraging, Sang said.

    As China’s innovation capabilities grow, foreign investors are increasingly shifting from “a manufacturingonly focus to collaborative research and development”, he added.

    Noting that high-tech, high-efficiency and high-quality growth have become key drivers of China’s economic transformation, aligning with its focus on new quality productive forces, Roland Busch, president and CEO of Siemens AG, said the country has made rapid advancements in artificial intelligence.

    First introduced in 2023, new quality productive forces refer to advanced productivity freed from the traditional economic growth mode and productivity development paths.

    Busch said innovations such as the open-source foundational model R1 by Chinese AI startup Deep-Seek are examples of how “China surprises us with innovations”.

    This momentum is not limited to the private sector.

    China’s centrally administered State-owned enterprises, such as State Grid Corp of China and China Mobile Ltd, have deployed AI technologies across more than 500 scenarios in key sectors such as manufacturing, smart vehicles, energy and power, according to information released by the State-owned Assets Supervision and Administration Commission of the State Council, the country’s top State assets regulator, in late March.

    These solutions have significantly reduced costs for central SOEs and their partners as well as improved efficiency in research and development, production and customer service.

    Seeing more opportunities in areas such as healthcare, consumption, advanced manufacturing and innovation-driven development, a total of 7,574 foreign-invested enterprises were newly established in China in the first two months of this year, representing a year-on-year growth of 5.8 percent, said the Ministry of Commerce.

    Investment from the United Kingdom, Germany and South Korea climbed by 87.9 percent, 54.7 percent and 45.2 percent year-on-year, respectively, in the first two months, according to the ministry.

    During separate meetings with several US business leaders, including Apple CEO Tim Cook and Wendell Weeks, chairman and CEO of Corning Inc, in Beijing in March, Minister of Commerce Wang Wentao said that China’s economy continues to consolidate and expand its recovery momentum even though it faces growing external uncertainties.

    Wang said ongoing policy measures will strongly support economic growth. China will continue to create favorable conditions for foreign companies to increase their investments within its market.

    The minister stressed that trade wars produce no winners and protectionism offers no solutions. As the world’s two largest economies, stronger China-US economic and trade cooperation is consistent with economic principles, while decoupling and supply chain disruptions would harm all parties involved, he said.

    Miguel Lopez, CEO of German industrial conglomerate Thyssenkrupp AG, said China is not only one of the largest markets for many foreign companies, but also home to the world’s most comprehensive industrial and supply chains, supported by a well-developed logistics system.

    Thyssenkrupp will continue to strengthen supply chain management in China and establish closer relationships with local suppliers. This will not only improve risk resilience and lower costs, but also benefit its global markets, Lopez said.

    “Looking ahead, only through open collaboration, technological innovation and sustainable development can we collectively build a more stable and efficient global supply chain,” he said.

    Antoine de Saint-Affrique, CEO of Danone SA, a French multinational food products company, said that given China’s economic significance, a healthy and growing China benefits the entire world.

    “Growth in China contributes to the expansion of the global economy, and a thriving global economy, in turn, supports shared prosperity and peace,” he added.

    Between January and February, foreign-invested businesses in China saw their export value grow 6.9 percent year-on-year to 1.08 trillion yuan ($148.9 billion), according to the General Administration of Customs.

    MIL OSI China News

  • MIL-OSI China: Nobody wins from trade war: British PM

    Source: China State Council Information Office

    “Nobody wins from a trade war,” British Prime Minister Keir Starmer said in an article for The Sunday Telegraph newspaper amid concerns over new U.S. tariffs.

    “The economic consequences, here and across the globe, could be profound,” he wrote in the opinion piece, adding that “old assumptions can no longer be taken for granted.”

    U.S. President Donald Trump has announced a new set of so-called “reciprocal tariffs” on imports from all trading partners, imposing a baseline 10 percent rate on goods from Britain.

    U.S. and global stock markets tumbled on Thursday and Friday following new Trump tariffs, which include a 10-percent “minimum baseline tariff” on all imports starting April 5 and an “individualized reciprocal higher tariff” on the countries and regions with which the United States “has the largest trade deficits,” set to take effect on April 9.

    “Free trade is a galvanizing force for British export businesses,” Starmer wrote in his article, noting that turning away from free and open trade “would be a grave mistake.”

    He stressed the importance of keeping calm and fighting for the “best deal,” adding that he would “only strike a deal if it is right for British business and the security of working people.”

    In the article, he also called for “strengthening alliances and reducing barriers to trade with other economies around the world,” saying that “agile diplomacy delivers a stronger, more diverse, and secure economy” for the country.

    On Saturday, hundreds of thousands of protesters gathered in dozens of cities across the United States and Europe to protest the controversial policies of Trump’s administration. 

    MIL OSI China News

  • MIL-Evening Report: 47% of Gen Z mainly vote to avoid a fine. It’s a sign of younger Australians’ discontent with democracy

    Source: The Conversation (Au and NZ) – By Sofia Ammassari, Research Fellow, Griffith University

    Young Australians will shape the upcoming federal election. For the first time, Gen Z and Millennials are the dominant voter bloc, outnumbering Baby Boomers.

    But over the past couple of years, we’ve heard stories from around the world about how Gen Z (people born between 1997 and 2012) are discontent with democracy. In the United States, just 62% of Gen Z voters believe living in a democracy is important, compared with nearly 90% of other generations.

    Globally, more than one in three young people support a strong leader who disregards parliaments and elections. This proportion is higher than among any older generation.

    Our recent research suggests Gen Z Australians aren’t immune to feeling disengaged with democracy. In fact, we found high rates of political disaffection among the country’s youngest voters, and those who didn’t vote, at the last federal election.

    Our research

    On the face of it, the situation seems better in Australia than elsewhere. According to Australian Election Study data, more than 85% of Gen Z voted at the 2022 federal election.

    And, again according to the study, the majority seem content with mainstream parties. While Gen Z people support the Greens and minor parties more than their elders, around 60% of them voted for the Labor Party and the Coalition in 2022.

    But we wanted to dig deeper. So in 2023, we asked around 1,500 Gen Z Australians nationwide whether they voted or not in 2022, and why.

    This enabled us to look at three distinct groups: those who voted; those who enrolled but did not vote (whom we call “abstainers”); and those who did not enrol to vote at all (whom we call “unregistered”).

    We found almost half of Gen Z who voted said the main reason was not out of a sense of duty or to support a party, but simply to avoid getting fined.

    While our survey can’t say how this compares to other generations, we know from the 2022 election study that 63% of Gen Z adults said they would have voted even if not compulsory, compared with almost 90% of other generations.

    Our research also shows almost a third of Gen Z citizens who didn’t register to vote said they either didn’t know they had to or they didn’t know how. This is troubling, given the efforts of the Australian Electoral Commission (AEC) to get everyone on the roll.

    Those who don’t vote

    Our survey revealed if you’re a Gen Z Australian who didn’t vote (whether as abstainer or unregistered), you’re more likely to be unemployed, less politically interested and have less faith in democracy as the best system of government. You’re also more likely to have been born outside Australia.

    More than 50% of abstainers and 70% of unregistered Gen Z attributed their non-participation to a sense of disengagement, either from the whole political process or from parties and politicians specifically.

    Not participating, however, doesn’t mean you’re entirely alienated from society. Non-voters in our study are actually more likely to be members of organisations such as charities or church groups. But they are more alienated from the democratic process.

    Curiously, we found non-voters were no more likely than voters to hold negative views towards political parties. When asked questions such as whether they agreed that “parties do not care about people like me” and “parties are all the same”, there were no significant differences between these two groups.

    While this may sound like good news for parties, the less cheerful reality is the lack of difference is because Gen Z voters are just as sceptical as non-voters about political parties.

    So why does Gen Z vote?

    Enthusiasm towards parties has little to do with why Gen Z goes to the ballot box. Just 11% of them said the main reason they turned out in 2022 was because “there was a party or candidate I wanted to vote for”.

    Only around one in five said their primary motivation was because “I thought that voting makes a difference”.

    Instead, by far the most important reason for casting a vote was “I did not want to get fined”. This was the main driver for 47% of Gen Z Australians.

    On one hand, this seems like a great advertisement for compulsory voting with enforced penalties. Even a small fine like the $20 for not voting in a federal election is enough to get many Gen Z people to vote.

    On the other, if the key motivation is just to avoid a fine, it’s not a great sign of a healthy democracy.

    What can be done?

    Based on our research, there are a few things that might engage Gen Z more with parties and democracy.

    One is better information. Our survey showed there are still some Gen Z people who don’t know about their obligation to register or how to do it. The AEC has made great strides in increasing youth enrolment over the past decade, but there remains work to be done.

    Being present on the platforms Gen Z use to get their news might help. From that perspective, the refusal of the AEC to have a TikTok account should be reconsidered.




    Read more:
    If we listen to how gen Z really feel about democracy they might stop telling us they prefer authoritarianism


    Ultimately, the main onus lies with the political parties. If Gen Z are not motivated to support them, perhaps this tells us more about how parties engage with young people and their concerns, than it does about young people themselves.

    If the major parties can devote more attention to what matters to Gen Z, such as the cost of living, rent affordability, and climate change, they would not only address what are objectively pressing issues – they might also help reconnect young generations with politics and democracy.

    Duncan McDonnell receives funding from the Australian Research Council.

    Ferran Martinez i Coma receives funding from the Australian Research Council.

    Sofia Ammassari does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. 47% of Gen Z mainly vote to avoid a fine. It’s a sign of younger Australians’ discontent with democracy – https://theconversation.com/47-of-gen-z-mainly-vote-to-avoid-a-fine-its-a-sign-of-younger-australians-discontent-with-democracy-253120

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Q2 plan continues relentless focus on growth

    Source: New Zealand Government

    The Government is today announcing a further 38 actions it intends to take in the three months ahead to grow the economy and make life better for Kiwis, Prime Minister Christopher Luxon says.

    “There are positive signs of the economic turnaround this Government was elected to deliver, and our latest quarterly plan lays out more of the actions we will take to rebuild the economy, reduce the cost of living, and make Kiwis better off.

    “We know the cost of living is still tough but with GDP rising, interest rates falling, and inflation back in its box, our plan is working, and we must push ahead on going for economic growth.

    “This quarter, we will introduce legislation to encourage international investment into this country and to ratify the New Zealand-UAE trade deal. Both are hugely important to helping our businesses grow, creating more jobs, and lifting incomes.

    “We will also take action to boost tourism and international education and push ahead on our 30-year National Infrastructure Plan to attract investment and give our construction sector long-term certainty.

    “A bigger economy means more jobs, higher incomes, and more money in people’s back pockets. It also means we can afford the health and education services Kiwis deserve.

    “Growth doesn’t just miraculously happen. That’s why I make no excuse for keeping the public service focused on delivery with these quarterly action plans.

    “We’re off to a fast start with several actions already ticked off in the first few days of April, including legislation that is expected to put up to 250,000 more building products on shelves, giving Kiwis more choice to fit their renovation budgets.

    “This quarterly plan includes actions from both the National-ACT and National-New Zealand First coalition agreements.”

    Notes on Q1 2025 Plan

    • 37 of 40 actions from the Q1 plan were fully completed, two were partially completed, and one was not completed by March 31.
    • Regarding the two partially completed actions: a Cabinet paper on the Regulatory Standards Bill has been completed and will be considered at an upcoming Cabinet meeting, while the Health Infrastructure Investment Plan has been considered by Cabinet and will be published shortly.
    • The uncompleted action to ‘take Cabinet decisions on legislation to improve the regulation of medical devices’ has been referred to a future Cabinet meeting to allow for further consultation with the industry.

    MIL OSI New Zealand News

  • MIL-Evening Report: 98% of Queensland prawn areas at risk of inundation by rising seas this century

    Source: The Conversation (Au and NZ) – By Caitie Kuempel, Lecturer, School of Environment and Science, Griffith University

    As climate change wreaks havoc with the world’s oceans, future production of fish, crustaceans and other aquatic organisms is under threat.

    Our new research shows how this disturbance will play out for Australia’s prawn industry, which is concentrated in Queensland. We found by 2100, sea level rise threatens to flood 98% of the state’s approved prawn areas.

    The problem is not confined to prawns – Queensland barramundi farming is also at risk from sea-level rise. Climate change also poses challenges for other major seafood industries in Australia, including salmon in Tasmania.

    Australian seafood is vital to our culture and diets, and the national economy. We must take steps now to ensure the aquaculture industry thrives in a warmer world.

    Spotlight on Queensland prawns

    Aquaculture refers to breeding, rearing and harvesting fish, crustaceans, algae and other organisms in water. Australia’s aquaculture industry is expected to be worth A$2.2 billion by 2028–29.

    Aquaculture can involve a variety of methods, from ponds and sea cages to indoor tank systems and even giant ships.

    Aquaculture is one of Queensland’s fastest-growing primary industries – partly due to burgeoning production in prawn farming.

    Queensland is also expected to experience a 0.8m sea-level rise by 2100, under a high-emissions scenario. Our research investigated how this could affect the state’s aquaculture industry.

    We did this by examining existing data on coastal inundation and erosion from sea-level rise, combined with data on current and future aquaculture production areas.

    We found 43% of sites where aquaculture production is currently occurring are at risk from sea-level rise. Prawn farming is the most vulnerable.

    About 98% of areas approved for prawn farming in Queensland are expected to be inundated by seawater by 2100. The risk includes 88% of areas currently producing prawns. Prawns are grown in large ponds on land near the coast with access to saltwater, which makes them particularly vulnerable to inundation. Annual prawn production losses due to sea-level rise could reach up to A$127.6 million by century’s end.

    Inundation and coastal erosion can cause breaches in pond walls compromising their structural integrity. These risks may be amplified when sea-level rise coincides with coastal flooding. Rising seas can also increase salinity in surrounding soils and groundwater, further affecting ponds. Other aquaculture infrastructure, such as hatcheries, buildings, and roads, may also be disrupted.

    The Gold Coast region – a prawn production hub – is particularly vulnerable. Damage caused by ex-Tropical Cyclone Alfred highlights the vulnerability of coastal infrastructure to extreme weather. This will only worsen as the planet warms.

    Queensland barramundi farms also face a serious threat. Some 44% of areas producing barramundi are likely to be exposed to inundation, causing up to A$22.6 million in annual production losses. Meanwhile, two of Queensland’s designated “Aquaculture Development Areas” – regions earmarked by the state government for industry expansion – may be unsuitable due to future sea levels. Both are located in the Hinchinbrook Shire Council area.

    Beyond rising seas

    Globally and in Australia, climate change is posing myriad challenges to seafood farmers.

    Rising water temperatures stress animals such as salmon, lowering oxygen levels which slows growth rates and increases their risk of disease. Such depletion is a particular concern in already low-oxygen environments, such as Tasmania’s Macquarie Harbour.

    Ocean heatwaves can cause mass fish deaths and devastate production. In Tasmania in February, more than 5,500 tonnes of dead fish were dumped at southern Tasmanian waste facilities – a problem linked to warmer water temperatures.

    Dead and decomposing fish can further alter oxygen levels in water, spread disease to wild populations and attract scavengers. In the Tasmanian case, fish remains washed up on public beaches, angering the public and leading to calls for greater industry regulation.

    Extreme weather further complicates aquaculture operations. Storms, flooding and abnormal rain patterns can affect water salinity which impacts species growth and survival. They can also damage vital infrastructure, which may allow animals to escape.

    This occurred in 2022, when repeated flooding and disease outbreaks on oyster farms in New South Wales led to complete stock losses, prolonged farm closures and workers being laid off.

    Surviving a warmer future

    Not all aquaculture operations will suffer under climate change. Warming waters can lead to longer growing seasons in temperate regions. It can also expand suitable habitat for tropical species such as tilapia, mussels and oysters. Regions previously inhospitable to aquaculture may become viable production zones.

    For the countries and producers that are expected to suffer, those that plan for and adapt to climate shifts can minimise losses.

    Key steps industry and government can take include:

    • planning farms in lower-risk areas and relocating vulnerable sites

    • implementing climate-resilient infrastructure and restoring coastal ecosystems near farms to buffer against climate impacts

    • expanding to include diverse species and selectively breeding stock that can tolerate the changing conditions

    • strategic government policies and planning, financial incentives, and investment in resilient infrastructure to help the industry stay ahead of climate risks.

    With the right strategies, Australia’s aquaculture industry can adapt to a changing climate and continue to contribute to food security and community wellbeing.

    Caitie Kuempel receives funding from the Blue Economy Cooperative Research Centre. She is affiliated with BECRC Marine Spatial Planning project.

    Marina receives Griffith University International Postgraduate Research Scholarship and Griffith University Postgraduate Research Scholarship as and HDR PhD Student

    ref. 98% of Queensland prawn areas at risk of inundation by rising seas this century – https://theconversation.com/98-of-queensland-prawn-areas-at-risk-of-inundation-by-rising-seas-this-century-253330

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: We can and must end preventable maternal deaths

    Source: United Nations Population Fund

    Statement by UNFPA Executive Director Dr. Natalia Kanem on World Health Day (7 April)

    Globally, women’s health during pregnancy and childbirth is better than ever before. This is owing to medical advances, and because more women have control over their reproductive choices and can access respectful, high-quality maternal care.

    Since 2000, the world has seen a remarkable 40 per cent drop in global maternal mortality. For the first time, no country is estimated to have an ‘extremely high’ maternal mortality rate of over 1,000 deaths per 100,000 live births.

    Yet these gains mask significant disparities and they remain fragile – and in some of the most vulnerable places, non-existent. Where health systems are weak or protracted crises take root, maternal mortality rates stagnate or even increase. In conflict-affected countries, women are twice as likely – or more – to die from pregnancy and childbirth complications than the global average.

    One encouraging sign is that more births today take place in healthcare facilities. Still, the quality of care varies widely, which can have life-threatening consequences: Research finds that poor-quality care causes half of maternal deaths. Shortages in essential medicines, equipment and skilled personnel plague many health systems.

    In many cases, discrimination and inequities tied to location, income, and race or ethnicity deprive women of both sexual and reproductive choices and adequate maternal care. Even in the wealthiest countries, which have high healthcare standards on average, rates of maternal mortality are disproportionately higher among marginalized groups.

    We can and must end preventable maternal deaths. We know what works and why.

    We know that midwives save lives. Expanded midwifery care can detect risks and manage complications while reducing costs. Despite evidence that universal access to these professionals could avert two thirds of maternal and newborn deaths and stillbirths, there is a global shortfall of nearly 1 million midwives.

    We know that strong political commitments, adequate financial resources and supportive laws make a lasting difference.

    On this World Health Day, let us prioritize investments so that we reach zero preventable maternal deaths. Let us commit to building healthier, more just societies and to ensuring that all women bringing life into this world can survive childbirth and thrive afterwards.

    MIL OSI United Nations News

  • MIL-OSI New Zealand: Economy – RBNZ welcomes new applications to the Exchange Settlement Account System

    Source: Reserve Bank of New Zealand

    7 April 2025 – Licensed non-bank deposit takers (NBDTs) in New Zealand can apply for ESAS access now

    The Reserve Bank of New Zealand – Te Pūtea Matua is welcoming applications to the Exchange Settlement Account System (ESAS) under new access criteria announced on 31 March 2025.

    The application process is open to licensed non-bank deposit takers (NBDTs) in New Zealand seeking access to ESAS to hold reserves to meet prudential liquidity requirements. NBDTs include finance companies that raise funds from the public, as well as most building societies and credit unions.

    While every application will be carefully and individually assessed, the way NBDTs intend to use ESAS, and the fact that they are already licensed by RBNZ, mean the application process will be less complex than for other non-bank entities and can be expedited.

    The RBNZ expects to open the application process to other non-bank entities in the 3rd quarter of 2025. We are confirming operational details and developing guidance to support potential applicants through that process.

    Registered banks can continue to apply for ESAS access at any time.

    ESAS Access Review

    ESAS is the payments and settlement system used by banks and other approved financial organisations. It processes about $25 billion-worth of transactions daily. In March 2025, RBNZ completed a comprehensive ESAS access review which included two public consultations, the most recent in November 2024. Submissions from both consultations are available through the RBNZ website.

    Payment Services Director Steve Gordon says RBNZ considered all consultation feedback and made changes to the ESAS access policy and criteria as a result.

    “Amongst other changes, we simplified and clarified the access criteria and confirmed that all successful applicants will be eligible to receive the overnight deposit rate on their balances.”

    Information for potential applicants

    The RBNZ website has been updated with the revised access policy and criteria, and information for phase one applicants (licensed NBDTs in New Zealand) to begin the application process. The first step is completing an Expression of Interest (EOI) form, which can be downloaded from the RBNZ website.

    We will provide another update when we confirm the opening date and details for the next phase of the application process, when we will be welcoming applications from entities engaged in business activities aligned with the purpose of ESAS, as specified in the ESAS access criteria. These entities may include payment service providers, overseas deposit takers and operators of designated Financial Market Infrastructures (FMIs).

    More information

    MIL OSI New Zealand News

  • MIL-Evening Report: Looking inward: why Trump’s tariffs highlight the need for NZ to build local capacity

    Source: The Conversation (Au and NZ) – By Rod McNaughton, Professor of Entrepreneurship, University of Auckland, Waipapa Taumata Rau

    Chip Somodevilla/Getty Images

    When retail executives start swearing during earnings calls, something is clearly amiss. That’s what happened recently when the CEO of United States-based luxury furniture retailer Restoration Hardware saw his company’s share price plunge by more than 25% in after-market trading.

    The cause? Donald Trump had just declared “Liberation Day”, announcing sweeping new tariffs on nearly all imports. For companies like Restoration Hardware – which rely on suppliers in China and Vietnam, and now face tariffs of over 50% – the impact was immediate: higher costs, disrupted supply chains and enormous uncertainty.

    New Zealand exporters were spared the worst, with exports facing only the 10% baseline tariff under the new regime. But the lesson is clear. In today’s world, the real threat isn’t always direct exposure, it’s volatility.

    Trump’s tariffs sparked a nosedive in share markets and reignited concerns about the reliability of global trade. And while tariffs may rise and fall, uncertainty seems here to stay. This is why an idea first developed by journalist and author Jane Jacobs in the 1980s deserves renewed attention.

    In Cities and the Wealth of Nations, Jacobs argued that sustainable economic growth isn’t driven by national policy or protectionism but by what she called “import replacement”: where cities and regions develop the capacity to produce goods they once imported.

    The concept is often confused with import substitution, where governments impose tariffs or subsidies to protect domestic industries. But Jacobs’ model is different. It’s not about shielding firms from competition. It’s about growing new capabilities from the ground up.

    A smarter response to volatility

    Import replacement happens when entrepreneurs identify goods currently sourced from elsewhere and start producing them locally, not because tariffs artificially advantage them but because they’ve found a better way to meet local needs. Over time, this drives specialisation, innovation, and eventually new exports.

    Jacobs believed this bottom-up process was the real engine of economic resilience. And she was right. In an era marked by pandemics, war, climate volatility and policy shocks, the ability to adapt quickly and locally is more valuable than ever.

    New Zealand saw this first-hand during COVID-19. When global supply chains stalled, we found ourselves unable to access essentials from PPE to packaging, diagnostic swabs to digital hardware. Some firms responded with ingenuity. Others waited. In many cases, local capacity simply wasn’t there.

    That experience revealed an uncomfortable truth: trade agreements alone don’t secure economic sovereignty. It depends on the capability to make, adapt and substitute when the system falters.

    Some entrepreneurs are already seizing the moment. In the US, for example, founder of activewear brand XX-XY Apparel, Jennifer Sey, argues that trade disruption creates space for ethical, transparent supply chains closer to home. For her, localisation is not just risk management, it’s a business opportunity.

    But rebuilding domestic capacity isn’t easy. It takes capital, skilled workers and time. And tariff-based incentives can vanish as quickly as they appear. That’s why the kind of import replacement Jacobs envisioned wasn’t a reactive policy tool but a long-term development strategy.

    What import replacement could look like

    The same logic applies to New Zealand. We are heavily dependent on imported goods in critical sectors like machinery, pharmaceuticals, digital infrastructure, fertilisers and food processing. If any of those supply chains is disrupted, we’re not just inconvenienced, we’re exposed.

    To reduce that vulnerability, we need to think strategically. That might mean developing domestic capacity to manufacture essential health products, or supporting entrepreneurs working on substitutes for imported fertilisers or packaging materials.

    It could mean encouraging research institutions to develop substitutes for materials we currently source offshore.

    Universities and other research organisations can play a vital role. By collaborating with startups and small or medium-sized businesses, they can accelerate innovation. From prototype to production, tertiary institutions can help translate research into real-world resilience.

    Public procurement could also be better leveraged. Government contracts could reward suppliers who help reduce import dependency and build options into our domestic supply chains.

    Crucially, we need to map our vulnerabilities. Which imports are critical to key sectors? Where are we reliant on a single country or supplier? What could we produce regionally, if not nationally, with the right insight and capability?

    Resilience is not retreat

    This is not an argument against trade. New Zealand’s economy depends on it. But if we’ve learned anything from COVID and now from “Liberation Day”, it’s that openness without options is a liability.

    Tariffs may make headlines. But they won’t build the necessary capabilities in the US or globally for the next crisis. That kind of economic resilience comes from the patient work of entrepreneurs in building, substituting, learning and adapting, at speed and close to home.

    Jacobs reminded us that economies don’t grow stronger by walling themselves off. They grow stronger when they learn to make what they once had to import and, in doing so, discover what the world might want next.

    Rod McNaughton does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Looking inward: why Trump’s tariffs highlight the need for NZ to build local capacity – https://theconversation.com/looking-inward-why-trumps-tariffs-highlight-the-need-for-nz-to-build-local-capacity-253826

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Green Party differing view on the Treaty Principles Bill

    Source: Green Party

    Read the Green Party’s differing view on the Treaty Principles Bill, prepared by Tamatha Paul. 

    Treaty Principles Bill – Differing View – Green Party Aotearoa

    Prepared by Tamatha Paul, Wellington Central MP

    Te Tiriti is tapu. It is a sacred covenant that carries characteristics of mutual benefit, good faith, permanence, mutual respect, commitment to relationship. It is the founding agreement that legitimises the presence of people who would otherwise be only visitors in Aotearoa. 

    We express our strongest condemnation of this Bill in its entirety and wish to set out our concerns in full detail given there has been truncated analysis of the Bill and its submissions from the public. We wish to make the following comments on the Bill.

    Justification or rationale for this Bill does not exist 

    The development of this Bill was not preceded by a legitimate policy imperative or outcome. This exercise has been estimated to cost around $6 million to the Government and has put the onus for truthful and accurate information regarding Te Tiriti o Waitangi on the general public. 

    This Bill is premised on an assertion that the principles of the Treaty are unclear. This assertion is baseless. The Regulatory Impact Statement on this Bill says that this Bill creates additional uncertainty because it displaces existing case law about how the principles should be applied in real life. This Bill is effectively a reset button on decades of jurisprudence and careful weighing of evidence by the Courts. This is the case law that gives clarity on what Te Tiriti o Waitangi means according to the Courts, and this Bill would overturn that clarity for no justifiable reason. Principles that have been carefully and deliberately established over the last forty years including partnership, active protection, and redress would no longer be relevant. 

    This Bill is a prime example of executive and legislative overreach by Parliament. We have a separation of powers for a reason, which is to provide an effective check on unbridled power wielded by politicians. The author of this Bill and some submitters supporting the Bill made claims about an “unelected judiciary”. This deliberately misrepresents the role of the judiciary. Judges should not be punished and dragged through the mud with no right of reply. The role of our judiciary is to interpret and apply legislation passed by Parliament, and there is no credible evidence that they have done anything but that in relation to legislation which mentions, or is relevant to, Te Tiriti o Waitangi. It is critical to our democracy that these roles remain independent and it is completely inappropriate for elected members to generate public uncertainty and distrust to our judicial system in order to enhance their own power.

    Contrary to the assertions of the Bill’s author, It is not unusual or extraordinary to have constitutional arrangements that recognise and provide for different ancestry, languages, religions and genders. Canada, Denmark, Bolivia, Sweden, Finland, Ecuador, and the Philippines are a few countries that have enabled constitutional recognition of Indigenous rights. The reason why examples of constitutional structures that affirm indigenous self-determination and autonomy are apparently uncommon is that in many settler colonial countries the cultural, political, and constitutional presence of Indigenous peoples is extremely limited, as a result of deliberate efforts to render Indigenous peoples invisible. This Bill exists in a tradition of assimilationist approaches to indigenous people. The recognition of Māori rights does not diminish the rights of others. Upholding Te Tiriti aso protects the rights of non-Māori to make Aotearoa their home. It ensures that our country’s constitutional promise and social cohesion is achieved for the benefit of all. 

    We also note that this Bill does not include interpretation or definitions for the wording it uses to replace the principles of the Treaty. Despite the Bill using contested language such as “best interests”, “everyone”, “free”, “democratic”, “equal protection”, “equal benefit”, “equal enjoyment” and “fundamental rights” – there is no definitions provided for these contested terms, nor does the Bill point to any similar interpretations within existing laws which might help in the application of the drafted principles. 

    In summary, there is no justification for this Bill aside from the author of this Bill seeking to incite a culture war because it gives him and his pathetic policies a platform. 

    Misrepresentation of the Principles of the Treaty 

    The existing Treaty principles are far more clear than has been alleged by supporters of this Bill. The principles as we know them, and as they are applied, have been developed by the courts and the Waitangi Tribunal over the last fifty years. The Bill misrepresents the normal legal processes whereby courts develop law and principles over time – presenting that as somehow uniquely inappropriate. It is true that public education on Te Tiriti o Waitangi has been lacking throughout our history, but the Bill does not solve that problem and further skews the public understanding of the true history and intent of Te Tiriti o Waitangi.. 

    Parliament is not the appropriate place to decide the Treaty principles in the way contemplated by this Bill. This is what this Bill is attempting to achieve. In a great show of humility by previous Parliament’s, including the Government who presided over the Treaty of Waitangi Act 1975 when it came into effect, they acknowledged that Parliament does not have the knowledge or expertise to determine and define the principles. Parliamentarians come from all walks of life and have a vast array of skills, however very few have a coherent understanding of the historical context in which Te Tiriti was signed, nor proficiency in Te Reo Māori to understand the true context of the original text, nor the experience applying the principles in a judicial context.Aside from the constitutional inappropriateness, parliament is out of its depth when it comes to unilaterally adjudicating over Te Tiriti o Waitangi and we suggest that this is left to people with proper constitutional and legal skills and understanding to interpret and determine the principles and adherence to those. This is an abuse of power. Moreover, and arguably more importantly, that is something that should happen with the Māori Tiriti partner, not by the Crown alone.

    The author of this Bill takes advantage of the relative lack of understanding of Te Tiriti o Waitangi which is an additional suppressive act due to the fact that it is not something that many New Zealanders ever learnt about in school. The author has crafted the principles in this Bill in a way that suggests that all New Zealanders are not already equal in terms of human rights. This is not true.

    There is not one reputable source or academic who concurs with the author’s interpretation of the Treaty principles. This has been confirmed by the Waitangi Tribunal in the strongest of terms.

    We wish to make the following comments on the principles as defined in this Bill:

    On Principle 1, Māori never ceded sovereignty

    This Bill defines the first principle of the Treaty of Waitangi/ Te Tiriti o Waitangi as: “The Executive Government of New Zealand has full power to govern, and the Parliament of New Zealand has full power to make laws (a) in the best interests of everyone; and (b) in accordance with the rule of law and the maintenance of a free and democratic society.

    This misrepresentation of Article 1 demonstrates a complete lack of understanding of the historical context in which Te Tiriti was signed. Many of the Bill’s supporters argued that Māori could not cede sovereignty because it was never ours to begin with, or because there were inter-tribal disputes. This completely dismisses and purposefully ignores He Whakaputanga o te Rangatiratanga o Nui Tireni 1835 which is the document preceding Te Tiriti o Waitangi which affirmed independence and sovereignty for Māori. Both He Whakaputanga and Te Tiriti o Waitangi were signed in order to safeguard hapū and iwi Māori in the face of rapid change. We can see through this Bill and its process that this is the enduring nature of Te Tiriti, even 185 years later after its signing. The fact that sovereignty was never ceded is equally true for other signatories to Te Tiriti who did not sign He Whakaputanga in 1835.

    The distortion of our historical context by the ACT Party is not only limited to their illiteracy in New Zealand history, it extends to their historical illiteracy in relation to the history of the Crown. In 1840, Great Britain was not a democratic society, and the ruling classes at the time were opposed to the prospect that it ever might be. How could the first article of Te Tiriti be interpreted to say “the maintenance of a free and democratic society”, when this was not the type of society that either of the signatories had, or aspired to, upon signing? In the words of Ani Mikaere, “in 1840 the Crown came to Māori as supplicant, not the other way around. The rangatira who signed Te Tiriti agreed to allow the Crown to remain in Aotearoa on the condition that it take responsibility for the conduct of its own citizens.” 

    Article 1 of Te Tiriti is about rangatira who signed Te Tiriti o Waitangi agreeing to share power and authority with the Governor. This was not a transfer of sovereignty, power or authority from rangatira to the Crown. Article 1 is a form of delegated authority drawn from the absolute tino rangatiratanga that Māori possessed in 1840, outnumbering non-Māori by 1 to 40 demographically, militarily, economically and culturally. The fact that Māori never ceded sovereignty has already been spelt out by the Waitangi Tribunal’s Te Paparahi o te Raki report. 

    On Principle 2, tino rangatiratanga

    This Bill defines the second principle of the Treaty of Waitangi/ Te Tiriti o Waitangi as: “The Crown recognises, and will respect and protect, the rights that hapū and iwi Māori had under the Treaty of Waitangi/ te Tiriti o Waitangi at the time they signed it. However, if those rights differ from the rights of everyone, subclause (1) applies only if those rights are agreed in the settlement of a historical treaty claim under the Treaty of Waitangi Act 1975.

    This misinterpretation of Article 2 completely disregards tino rangatiratanga affirmed by Te Tiriti o Waitangi. It constrains Māori rights to those conferred through Treaty settlements. Treaty settlements in and of themselves already fail to compensate for the violent dispossession of Māori land thanks to this Parliament’s decision to apply a fiscal limit to all Treaty settlements which reflects around 1% of the estimated financial impacts of Treaty breaches. This represents a legacy of colonial instincts whereby some of the people who have benefitted from this violent dispossession are now defending their right to preserve their interests which they got through lying, murdering, raping, infecting and pillaging Māori. 

    Tino rangatiratanga is far broader than property rights or Treaty settlements. Tino rangatiratanga did not come into existence in 1840, or 1835. It doesn’t exist relative to the Crown’s comfortability of acknowledging its existence. 

    This bill seeks to replace tino rangatiratanga, which is a collective right, with individual rights. This is a classic libertarian interpretation where most things are seen to be bought and owned by individuals, and the purpose of rights in their view is to assert control and exclusive power over something else.  

    On Principle 3, equality for who?

    This Bill defines the third principle of the Treaty of Waitangi/ Te Tiriti o Waitangi as: “Everyone is equal before the law. Everyone is entitled, without discrimination, to the equal protection and equal benefit of the law; and the equal enjoyment of the same fundamental  human rights.” 

    Principle 3, as it is proposed in this bill, purports to be about honouring the concept of equality. As pointed out by many submitters, this phrasing about equality is misleading. The term ‘equality’ is highly-contested and there are many iterations of the term.What this Bill refers to is what would be known as ‘formal equality’. Formal equality makes a presumption that everyone is equal right now and therefore we should treat everyone the same. 

    In reality, Māori are over-represented in the worst statistics due to enduring legacies of colonisation. For example, we have shorter life expectancy, we have poorer health and education outcomes, we are over-represented in prison and in homelessness statistics. If everyone were to receive equal treatment, this would maintain, and indeed entrench, existing inequalities. We want to be clear that it is not a fault of iwi, hapū or Māori that we are over-represented in such statistics. The shame and burden of responsibility for these statistics falls squarely on this Crown and its decisions to violently separate our people from our land, our language, our identities, our history and our future. We can only live in a society with equal outcomes and equal quality of living if we first address areas where specific groups have been let down so that we can all operate from an even playing field, otherwise this principle simply consolidates inequality. That is why developed democracies choose to subscribe to frameworks of ‘substantive equality’, as opposed to ‘formal equality’ which is focussed on equality of results and outcomes. Substantive equality if about redressing disadvantage, accommodating difference and achieving structural change.  

    In reality, equal protection of the law and equal enjoyment of the same fundamental human rights is already recognised and safeguarded under the United Nations Universal Declaration of Human Rights, the New Zealand Bill of Rights Act 1990, Human Rights Act 1993 and Senior Courts Act 2016. To act as if the only way to achieve these rights are through rewriting historic agreements and relinquishing Māori rights is misleading and sinister. 

    We are still looking for any credible evidence that “special treatment” exists for Māori. Moreover, Te Tiriti in and of itself did not confer any “special rights” to Māori. It affirmed pre-existing rights that Māori already had. Te Tiriti granted “special rights” to the Crown, if anybody. 

    Select committee is not a “national conversation”

    The Green Party has always supported a national conversation about constitutional transformation in line with Matike Mai report prepared by the Independent Working Group on Constitutional Transformation. However, a select committee process does not constitute a national conversation. Select committee is a one-sided process where there are very few exchanges of ideas, where the Government is in control and sets the parameters, and no ability to ask questions or delve deeply into the publics views. Not to mention, this process has been rushed with many submissions not able to be processed before the report back to the house in May. Moreover, the Crown cannot abrogate its constitutional responsibilities to Māori by asking the public to adjudicate on the matter via select committee or via national referendum. Aside from the extreme inadequacies of this so-called ‘conversation’, an arguably even greater problem is that this ‘conversation’ is happening unilaterally, without the involvement of the Māori tiriti partner. As the Waitangi Tribunal pointed out, that is not a conversation, it is a monologue. The invitation for Māori to take part in the select committee process, as though that is enough, is unjust, unconstitutional and falls far short of what Te Tiriti o Waitangi requires.

    Parliament is power, but it is not omnipotent. The fact that its executive branch, Cabinet, think that they can unilaterally amend our country’s founding document is historical vandalism and propaganda in the most dangerous form. 

    The select committee process has been unfathomably shabby. Not because of the hard work by the Committee’s secretariat, but because it has been rushed. This is the most submitted on Bill in the history of this Parliament. We have been unable to analyse submissions to the high standard we are accustomed to, our oral hearings were not live-captioned for those with hearing impairments, Te Reo Māori translation has been slow due to a lack of capacity to translate and analysis has been cut short in order to fit into the Government’s timeframes. This Parliament should never get in the habit of rushing legislation and cutting short the traditional process on such a polarising Bill of national significance. 

    A national referendum where a majority of people get the opportunity to undermine discrete rights of a minority population, who far outweighed the Crown and its subjects during the time of signing, is a recipe for polarisation, extremism and social division. A referendum which undermines the covenant between Māori and the Crown, led by politicians who are well-versed in giving opinions but constitutionally- and historically-illiterate undermines our aspirations and full ability to to be an honourable kāwanatanga. This Bill has completely undermined the mana and honour of the Crown against all advice from its officials and the people of New Zealand who it purports to represent. 

    Final comments

    Overall, this Bill has been an international embarrassment. We have attracted international attention for this legislative attack on our indigenous people, as well as our inability to honour our agreements. New Zealand is party to 1,900 treaties. Te Tiriti o Waitangi, the treaty which founded our nation, is the one that this government refuses to honour or uphold. This Bill has been an absolute insult to Māori which will take a very long time to heal. This Bill has been described as a “legislative attack”, “worst assault on Māori” and even as an invitation, in the words of former Prime Minister Jenny Shipley, for civil war. A discussion of this nature must be informed by tikanga and led by both parties to Te Tiriti.

    Arguments from people supporting this bill made in submissions were incoherent, factually inaccurate, based on outdated perspectives and arguments, and many were outright racist. In reality, Te Tiriti and its interpretation is not a matter that is keeping New Zealanders up at night. It is only a vocal, fixated minority who believe that their rights have been eroded by the presence of Te Tiriti. The New Zealanders who wish to wage war against our indigenous people, via this Bill, will inevitably fail because this type of culture war is not natural or normal to New Zealand, it is imported. New Zealanders know that we have far more important issues to solve than this.

    This Bill is part of a suite of legislation that attacks and diminishes the mana of Te Tiriti o Waitangi because Treaty rights are seen as a barrier to the government’s agenda of facilitating  corporate exploitation of nature. Indigenous rights do stand in the way of unfettered environmental exploitation. It is no coincidence that most of the world’s most intact biodiversity is in indigenous controlled land. Many iwi have leveraged their rights under Te Tiriti to protect their precious natural environment. For example, Ngāti Ruanui in Taranaki have defended their seabed from mining by Trans-Tasman Resources so that they might protect their taonga for future generations. In previous years Te-Whanau-ā-Apanui exercised their rights over their customary waters in the Raukumara Basin to successfully oppose deep sea oil drilling by transnational Brazilian oil company Petrobras. These protections of the natural commons – our oceans, rivers, climate, and taonga native species –  benefit all New Zealanders, Māori and non-Māori alike. Indeed insofar as Māori exercise of tino rangatiratanga and kaitiakitanga achieves the preservation of natural biodiversity and ecosystem health it contributes to the viability of life on Earth for the good of all humanity. 

    Te Tiriti in the fullness of its intent and meaning is the pathway to cohesive nationhood. An Aotearoa in which everyone thrives and present and future generations can sustain and enjoy all that our beautiful country has to offer. 

    We oppose this Bill in the strongest terms.

    MIL OSI New Zealand News

  • MIL-OSI United Kingdom: Charity regulator recovers almost £150k for public purse after discovering gold bullion 

    Source: United Kingdom – Executive Government & Departments

    Press release

    Charity regulator recovers almost £150k for public purse after discovering gold bullion 

    The Charity Commission has banned trustees of The Saint George Educational Trust after a statutory inquiry found significant financial mismanagement. 

    The charity, which is based in Hampshire, was registered in 1994 to carry out activities that advance the Catholic religion and education about the faith.   

    However, during the Commission’s inquiry, the regulator discovered that the charity’s bank account was being used as a conduit for money from unknown sources, and the charity was wrongly claiming Gift Aid on these funds. Some charitable assets were also being held as gold bullion by individuals unconnected to the charity.  

    The charity’s website and social media were also found to have posted content linked to the leader of a far-right political group, not in furtherance of its charitable purposes, as well as an Islamist terrorist organisation.  

    Subsequently, the Commission removed the trustees from the charity and has appointed Interim Managers, who will settle outstanding debts and redistribute any remaining charitable funds to a charity with similar charitable purposes before winding up the organisation.  

    The inquiry was opened in October 2022 after the regulator identified concerns that the charity was engaging in activities, including online content, that did not appear to further its religious purposes.   

    Findings  

    The inquiry has found significant governance failings, financial mismanagement, and unacceptable political activity at the charity, including:  

    1. The charity’s chair had allowed the charity’s bank account to receive ‘donations’ from unknown sources, which were then transferred to entities unknown to the trustees.   

    2. The trustees then successfully claimed, from HMRC, Gift Aid in the sum of £80,455.75 on those funds coming into the charity. The charity retained 20% of the Gift Aid element with the remainder being transferred to accounts unknown to the trustees.  These claims were later disallowed by HMRC, and the Commission recovered the total sum of £146,166.14 (including interest and a penalty) from the charity.   

    3. The inquiry discovered more than £30,000 of charity assets had been converted into gold bullion held by individuals with no formal connection to the charity. It also found items described as being of religious significance, such as rare books, belonging to the charity, said to have a value in the £10,000s, were in a storage unit that was also not in the charity’s possession.   

    4. The inquiry found that the trustees’ actions demonstrated a complete failure in their duty to act in the charity’s best interests. There was no evidence that they conducted any checks on the entities transferring funds to the charity’s bank account, nor did they independently assess how the money was spent.   

    5. The charity’s website and social media accounts contained content linked to far-right activities and a post likely to be interpreted as support for Hezbollah, a proscribed terrorist organisation.   

    Regulatory action   

    Following the opening of its inquiry, the Commission took action to freeze over half a million pounds of the charity’s funds and ensure inappropriate content was removed from the charity’s website and social media.   

    With the assistance of the police, gold bullion was recovered and sold, which enabled the Commission to make orders to the police and bank, which held funds on behalf of the charity, and to repay HMRC £146,166.14 for Gift Aid wrongly obtained by the charity.   

    In January 2025, the trustees at that time were removed from the charity as trustees. This means that they are disqualified from serving as trustees or holding any position with senior management function in relation to any charity in England and Wales.  

    The Commission appointed Interim Managers to take control of the running of the charity, who secured the items held in storage, and are working to identify the charity’s liabilities in preparation for winding up and dissolution. Any remaining funds will be distributed to other Catholic charities.   

    Charity Commission Chief Executive, David Holdsworth, said:   

    The generous British public can be reassured that deliberate abuse of charity is rare and as this case shows when it does occur, we act swiftly and robustly.    

    This was a flagrant abuse of charity and a betrayal of the public’s trust. The Commission’s actions during this ongoing inquiry mean that all the public money falsely claimed from HMRC has been repaid and we have ensured that the trustees can’t run a charity again.  

    Charity Commission Head of Compliance Visits and Inspections, Joshua Farbridge, said:   

    I have no doubt that the public will be shocked by the inquiry’s findings. The charity was used to promote inappropriate and harmful views, express support for a proscribed terrorist organisation, and to make improper Gift Aid claims. While what transpired may seem more suited to fiction, this is, regrettably, all too real.    

    The Commission has acted to protect the charity’s remaining assets, and the Interim Managers will work towards winding up and dissolving it.” 

    The full report detailing the findings of the inquiry will be published following the completion of the Interim Managers’ work in winding up and dissolving the charity.   

    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.  

    2. On 7 October 2022, the Commission opened a statutory inquiry into The Saint George Educational Trust under section 46 of the Charities Act 2011 (the ‘Act’).   

    3. A statutory inquiry is a legal power enabling the Commission to formally investigate matters of regulatory concern within a charity and to use protective powers for the benefit of the charity and its beneficiaries, assets, or reputation. An inquiry investigates and establishes the facts of the case so that the Commission can determine the extent of any misconduct and/or mismanagement; the extent of the risk to the charity, its work, property, beneficiaries, employees or volunteers; and decide what action is needed to resolve the concerns.  

    4. On 25 July 2022, the charity became part of the Commission’s Statutory Class Inquiry, having failed to submit financial information to the Commission for two or more years over a 5-year period. The charity ceased to be part of the Class Inquiry when the scale of concerns identified led to the opening of a separate inquiry, which remains ongoing.  

    5. On 16 January 2025, the inquiry made an Order under section 76(3)(g) of the Act to appoint Tom Murdoch and Tony Pidgeon of Stone King LLP to act as Interim Managers for the charity.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 7 April 2025

    MIL OSI United Kingdom

  • MIL-OSI New Zealand: ACT continues to drive real change in the latest quarterly plan

    Source: ACT Party

    “ACT’s contribution to the Coalition Government’s Quarter Two Plan shows ACT’s continued outsized role in delivering real change,” says ACT Leader David Seymour.

    “Close to half of the plan’s action points reflect ACT’s contributions. With ACT in Government, Kiwis are being liberated from red tape and wasteful spending, while smart investment continues to improve the safety and security of all New Zealanders.

    “This document is full of ACT ideas that boost economic growth through better access to products, skills and investment from overseas, alongside Brooke van Velden’s reforms to the labour market and health and safety rules to supercharge New Zealand’s productivity.

    “Actions taken on attendance, law and order, and benefit sanctions will continue to send a message of personal responsibility and consequences for crime.”

    Of the 37 actions listed, 18 are led by ACT ministers, advance ACT coalition commitments, or reflect policies ACT campaigned on. These actions include:

    • Introduce legislation to make it easier, quicker, and more transparent for foreign investors to invest in and grow New Zealand businesses.

    • Take Cabinet decisions on the Parent Visa Boost, to enable migrants to sponsor their parents or grandparents to enter the country.

    • Take Cabinet decisions on the fleetwide transition to Road User Charges.

    • Begin public consultation on National Direction to the Resource Management Act to unlock development in infrastructure, housing, and our primary industries.

    • Begin public consultation on the 30-year National Infrastructure Plan.

    • Pass legislation to remove barriers to the use of overseas building products to increase competition and reduce costs.

    • Agree the first Regional Deal Memorandum of Understanding (MoU) to drive economic growth and improve the supply of housing and infrastructure.

    • Pass legislation to allow businesses to make pay deductions in response to partial strikes.

    • Take Cabinet decisions to refocus WorkSafe and the WorkSafe New Zealand Act to increase certainty and reduce unnecessary compliance costs for business.

    • Introduce legislation to establish a regulatory system for online gambling to reduce gambling harm.

    • Take Cabinet decisions on proposals from the Ministerial Advisory Group for Victims of Retail Crime to strengthen trespass law.

    • Take Cabinet decisions on AML/CFT reform to improve the supervisory and funding model; and to reduce the burden on business while enhancing access to financial services for everyday Kiwis.

    • Open the 600-bed extension at Waikeria Prison to support the Government’s efforts to keep criminals off the streets.

    • Deliver 10,000 additional elective procedures through the Health NZ electives boost.

    • Introduce legislation to require freedom of expression in universities.

    • Pilot the Stepped Attendance Response with select schools to raise student attendance.

    • Pass legislation to expand the Traffic Light System to add more tools to support people off welfare into work.

    • Take Cabinet decisions on scaling up the New Zealand biodiversity credit market to incentivise the protection and restoration of native wildlife.

    MIL OSI New Zealand News

  • MIL-OSI United Kingdom: Backing British business: Prime Minister unveils plan to support carmakers

    Source: United Kingdom – Government Statements

    Press release

    Backing British business: Prime Minister unveils plan to support carmakers

    The Zero Emission Vehicle Mandate will be changed to make it easier for industry to upgrade to make electric vehicles.

    • 2030 phase out date of new petrol and diesel car sales confirmed with hybrids to be sold until 2035 and small manufacturers exempt
    • firms given greater freedom on how to meet the target – easing pressure on industry
    • £2.3 billion to boost manufacturing zero emission vehicles and help working people make the switch
    • Prime Minister says new era means we must go ‘further and faster’ on the Plan for Change to spur growth that puts more money in working people’s pockets

    British car brands like Rolls-Royce, Vauxhall, and Land Rover are being given certainty, stability, and support as the Prime Minister sets out plans to back industry in the face of global economic headwinds today (7 April 2025).

    The Prime Minister will say the new era of global insecurity means that the government must go further and faster reshaping our economy through the Plan for Change.

    The Zero Emission Vehicle Mandate will be changed to make it easier for industry to upgrade to make electric vehicles, while delivering the manifesto commitment to stop sales of new petrol and diesel cars by 2030, which will help even more British consumers access the benefits of cheap to run electric vehicles. 

    The package will be backed by a modern Industrial Strategy, to be published in full this summer, which will help British businesses realise the potential of industries of the future.

    The changes, which reflect extensive consultation, will help the car industry by:

    • increasing flexibility of the mandate for manufacturers up to 2030, so that more cars can be sold in later years when demand is higher
    • allowing hybrid cars – like the Toyota Prius and Nissan e-Power – to be sold until 2035 to help ease the transition and give industry more time to prepare
    • continuing to boost demand for electric vehicles, on top of the £2.3 billion we’re already spending on boosting British manufacturing and improving charging infrastructure – with a new charge-point popping up every half an hour
    • pressing on with tax breaks worth hundreds of millions of pounds to help people switch to electric vehicles

    Support for the car industry will be kept under review as the impact of new tariffs become clear.

    This package is the latest in a series of pro-growth measures that the Prime Minister is announcing to counter the impact of new global headwinds and build a strong, resilient economy with more well-paid jobs.

    Prime Minister, Keir Starmer, said:

    Global trade is being transformed so we must go further and faster in reshaping our economy and our country through our Plan for Change.

    I am determined to back British brilliance. Now more than ever UK businesses and working people need a government that steps up, not stands aside.

    That means action, not words. So today I am announcing bold changes to the way we support our car industry.

    This will help ensure home-grown firms can export British cars built by British workers around the world and the industry can look forward with confidence, as well as back with pride.

    And it will boost growth that puts money in working people’s pockets, the first priority of our Plan for Change.

    Transport Secretary Heidi Alexander said: 

    We will always back British business. In the face of global economic challenges and stifled by a lack of certainty and direction for too long, our automotive industry deserves clarity, ambition and leadership. That is exactly what we are delivering today.

    Our ambitious package of strengthening reforms will protect and create jobs – making the UK a global automotive leader in the switch to EVs – all the while meeting our core manifesto commitment to phase out petrol and diesel vehicles by 2030.

    Once again, the Prime Minister’s decisive and bold actions show how we’re on the side of British business while harnessing the opportunities of the zero emissions transition to create jobs and drive growth, securing Britain’s future, and delivering our Plan for Change.

    In recognition of the changing global trading landscape, the government has worked with the industry to both strengthen its commitment to the phase out and introduce practical reforms to support industry meet this ambition.

    Demand for electric vehicles is already rising, with the latest data showing sales in March were up over 40% on last year, which will help with the transition.

    There is a huge opportunity to be harnessed here – with the UK being the largest EV market in Europe. Over £6 billion of private funding is lined up to be invested in the UK’s chargepoint roll-out by 2030. Since July, the government has also seen £34.8 billion of private investment announced into UK’s clean energy industries.

    The updated ZEV Mandate will ensure flexibilities support UK manufacturers by: 

    • maintaining the existing phase-out dates and headline trajectories for cars and vans
    • extending the current ability to borrow in 2024-26, to enable repayment through to 2030
    • extending the current ability to transfer non-ZEVs to ZEVs from 2024-26, out to 2029, giving significant additional flexibility to reward CO2 savings from hybrids – caps will be included to ensure credibility
    • introducing a new flexibility by allowing for van to car transfer, i.e. 1 car credit will be exchanged for 0.4 van credits, and 1 van credit will be exchanged for 2.0 car credits 

    The wide-ranging package of measures introduced today will also exempt small and micro-volume manufacturers – supercar brands including McLaren and Aston Martin – from the Mandate targets, preserving some of the UK car industry’s most iconic jewels for years to come.

    Vans with an internal combustion engine (ICE) will also be allowed to be sold until 2035, alongside full hybrids and plug-in hybrid vans.

    Employing 152,000 people and adding £19 billion to our economy, the UK’s automotive industry is a huge asset to our nation – and the transition to zero emissions is the biggest opportunity of the 21st century to attract investment, harness British innovation, and deliver growth for generations to come.

    Owning and buying an EV is becoming increasingly cheaper, with drivers able to save £1,100 a year compared to petrol if they charge overnight at home. Half of used electric cars are sold at under £20,000 and 29 brand new electric cars are available from under £30,000.

    The UK was also the largest EV market in Europe in 2024 and the third in the world with over 382,000 EVs sold – up a fifth on the previous year. There are now more than 75,000 public chargepoints in the UK – with one added every 29 minutes – ensuring that motorists are always a short drive from a socket.

    Chancellor of the Exchequer, Rachel Reeves said:

    The world is changing but we are determined to deliver for working people, protect their jobs and put more pounds in their pockets.

    That is why we are backing British business and investing in industries of the future, including our car manufacturers.

    Energy Secretary Ed Miliband said:

    It is very important that the government has strengthened our commitment to our world leading EV transition plan.

    This plan will benefit UK consumers by expanding the market for cars that are cheaper to run. And it will support our domestic manufacturing so we can seize this global opportunity.

    Business Secretary Jonathan Reynolds said:

    This pro-business government is taking the bold action needed to give our auto sector the certainty that secures jobs, drives investment and ensures they thrive on the global stage.

    Our Industrial Strategy will back the country’s high growth sectors, including advanced manufacturing, so we can grow the economy and deliver on the promises of our Plan for Change.

    Roads media enquiries

    Media enquiries 0300 7777 878

    Switchboard 0300 330 3000

    Updates to this page

    Published 6 April 2025

    MIL OSI United Kingdom

  • MIL-Evening Report: Biosecurity policies can be annoying – but a century of Antarctic data shows they work  

    Source: The Conversation (Au and NZ) – By Rachel Leihy, Ecologist, Arthur Rylah Institute for Environmental Research

    Visitors to Australia are often shocked at having to declare an apple or wooden item under our biosecurity policies. Biosecurity policies are used to keep out pest species and diseases. But they’re expensive to uphold and people can question their worth.

    The good news is, they work – and Antarctica’s strict biosecurity policies prove it.

    Under the web of agreements governing Antarctica, cargo must be checked for any sign of plants, seeds, insects and rodents. Visitors must ensure the items they bring are clean.

    In our new research, we analysed a century of data on how many species have been introduced to the icy continent and surrounding sub-Antarctic islands.

    Though there’s little human presence here, many species have been introduced and several have established – including rodents, aphids, and weedy plants – in a surprisingly short time. But across most sub-Antarctic islands, we found the rate of introduced species has remained steady, or slowed, after biosecurity policies were introduced, even as more humans arrived.

    The exception was the Antarctic continent itself, where species introductions are increasing. This is likely due to surging visitor numbers and inconsistent biosecurity efforts between different nations and tourist operators.

    Our work shows biosecurity policies work – if they’re followed.

    Biosecurity in the cold

    Antartica and sub-Antarctic islands such as Heard and McDonald Islands have an exceptional richness of species. Wandering albatrosses and emperor penguins live nowhere else. Some islands are home to meadows of megaherbs.

    Unfortunately, introduced species have had dramatic effects. Mice eat albatrosses alive. Midges entirely change the functioning of terrestrial systems. Weedy plants outcompete and displace unusual plants on several islands.

    Antarctic environments are particularly susceptible to introduced species. New species tend to have faster life cycles and are more tolerant of disturbance. Most indigenous species evolved without predators or competitors.

    As the climate heats up, introduced species get a boost. Warmer conditions make it easier for them to get their first foothold, and they do better with warmer climates than do the indigenous species.

    These vulnerabilities are why nations responsible for sub-Antarctic islands and those who jointly govern Antarctica through the Antarctic Treaty put strict biosecurity protocols in place from the 1990s onwards.

    These policies ban the deliberate introduction of new species and specify the measures visitors and cargo have to undergo to reduce the chance of new species being introduced accidentally.

    These protocols include cleaning equipment, clothing and cargo. In many cases, these policies also require eradication of any potentially damaging species if found.

    Is it worth it?

    All this takes time and money. To do it properly requires many hours of inspections and specific facilities, among other things. Ongoing research is also needed, to ensure the policies keep working.

    But eradication of species once established is often even more expensive. Costs are rising globally. Invasive species have cost Australia at least A$390 billion since the 1960s. Eradicating introduced rabbits, rats and mice from Australia’s Macquarie Island cost about A$25 million.

    So, are our biosecurity efforts worth the cost?

    Assessing the effectiveness of biosecurity policies is rare because it is difficult. To properly gauge effectiveness, you need data from before and after the policy came in. It’s also hard to pinpoint when a species made the jump to the cold; it’s harder to spot one new plant than a thriving population years after the first seeds took root.

    We believe our work solves these problems. We collected data on species arrivals across the Antarctic region and corrected for biases using new mathematical approaches that account for differences in survey effort over time.

    Most species introductions now happen by accident. Because introductions are closely tied to the numbers of visitors, we expected more species would arrive as visitor numbers grew. But on most sub-Antarctic islands, that didn’t happen. Species arrived at the same rate or more slowly than expected, even as more visitors came.

    In other words, the policies are working.

    Why is Antarctica the exception?

    Since 1998, biosecurity policies for the Antarctic continent haven’t managed to slow the rates of introductions.

    Newly introduced species are largely being found on the Antarctic Peninsula, where most tourists and scientists go. The peninsula has the mildest climate of the whole continent and is where Antarctica’s native flowering plants are found, as well as mosses, lichens and fungi.

    The new arrivals include annual bluegrass which displaces native plants. Also arriving are invertebrates, such as midges and springtails which can alter how nutrients are cycled in soil and shift other ecosystem functions.

    It’s not fully clear why biosecurity policies aren’t working as well on the continent as for the islands. Likely causes include inconsistencies in how biosecurity is policed by different nations, a rapidly warming climate and very rapidly growing numbers of people to the peninsula.

    What does this mean for the world?

    Introduced species are one of the largest environmental and economic challenges we face, according to an authoritative recent assessment.

    This may seem surprising. But the unchecked impact of species such as red fire ants, varroa mite and feral pigs cost Australian farmers billions each year. Prevention is usually better – and cheaper – than the cure.

    What our research shows is that biosecurity policies actually work to protect the environment and are likely to be cheaper than the cost of control or eradication. Introduced species now cost the global economy an estimated $423 billion annually.

    Society and decision-makers can see environmental regulations as a cost without a benefit. Being able to show the real advantages of these regulations is vital.

    Rachel Leihy works for the Arthur Rylah Institute for Environmental Research and Monash University, Melbourne, Australia. This research was done as a part of the Australian Research Council funded program Securing Antarctica’s Environmental Future.

    Melodie McGeoch receives funding from the Australian Research Council – SRIEAS Grant SR200100005 Securing Antarctica’s Environmental Future.

    Steven Chown receives funding from the Australian Research Council. He is an Honorary life member of the Scientific Committee on Antarctic Research.

    ref. Biosecurity policies can be annoying – but a century of Antarctic data shows they work   – https://theconversation.com/biosecurity-policies-can-be-annoying-but-a-century-of-antarctic-data-shows-they-work-252494

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: MyMedicare promises better health care. But only 1 in 10 patients has signed up

    Source: The Conversation (Au and NZ) – By Jialing Lin, Research fellow, International Centre for Future Health Systems, UNSW Sydney

    Rose Marinelli/Shutterstock

    MyMedicare is a scheme that encourages patients to register with a regular GP practice to improve their health. But few patients have enrolled.

    Since its launch in October 2023, only about 10% of patients have signed up.

    The Albanese government’s 2023-24 budget allocated A$19.7 million over four years to implement MyMedicare. So if we are to get value for money from the scheme, we need to find out why patients are not signing up, and address any barriers to them doing so.

    Other countries have similar schemes, as we outline in recent research. Here’s what we can learn from these to boost uptake of MyMedicare in Australia.

    What is MyMedicare?

    MyMedicare is a voluntary patient registration scheme. Patients nominate a GP or GP practice as their preferred provider and see the same GP or health-care team over time, a concept known as “continuity of care”.

    Continuity of care is linked to earlier detection of health issues, better management of chronic (long-term) conditions, fewer avoidable hospital visits, and improved patient satisfaction.

    Patients registered for MyMedicare have longer telehealth consultations. People living in residential aged care have more regular visits from their GP. From July this year, GP practices may offer patients more support for their chronic diseases.

    There are also benefits for GP clinics that sign up for MyMedicare. They receive incentives to offer certain patients longer telehealth consultations. Practices also receive incentives to manage the health of registered aged care patients.

    These incentives help practices invest in improved services and resources. From July, this may include better chronic disease management and enhanced team-based care (for instance, better liaison between GPs and allied health workers as part of someone’s health team).

    MyMedicare comes with an extra boost for telehealth.
    fizkes/Shutterstock

    How many patients have signed up?

    Since MyMedicare’s launch in 2023 until March 19 this year, more than 2.6 million patients have registered for MyMedicare, according to Department of Health and Aged Care statistics provided to The Conversation.

    That’s about 10% of Australia’s population. This raises concerns about how aware patients are of the scheme, how engaged they are with it, and possible barriers to registration.

    GP practices that provide services to patients who would benefit from the new longer telehealth services or provide care to people in aged care were encouraged to register those patients in MyMedicare as a priority. So perhaps other patients have yet to sign up.

    GP practices have been quicker to sign up. Since its launch, health department statistics provided to The Conversation show 6,469 practices had registered for MyMedicare until March 19 this year.

    That’s about 80% of GP practices in Australia.

    Who’s most likely to register?

    We don’t know which patient groups sign up for MyMedicare. The health department told The Conversation patients can provide details of their sex, location (such as metropolitan, regional, rural and remote areas), linguistic background, and disabilities when they sign up. But this is voluntary, and these data have only been available for collection since March 2024.

    However, here’s what we learned when we looked at other countries’ patient enrolment schemes:

    • men are less likely to enrol than women, and recent immigrants have significantly lower registration rates compared to long-term residents. These highlight potential barriers to access for certain populations

    • patients in suburban, rural or small urban areas have higher registration rates, whereas those in large metropolitan centres and lower socioeconomic groups register less

    • patients with mental illness or substance use disorders have lower registration rates, pointing to challenges in engaging vulnerable populations.

    Men are less likely to enrol than women.
    DC Studio/Shutterstock

    How do other countries do it?

    We also looked at how other countries set up their schemes to see what we can learn.

    New Zealand: high uptake through financial incentives

    New Zealand has successfully implemented a voluntary patient registration system by offering incentives to enrolled patients. These include lower co-payments for consultations and cheaper prescriptions.

    This approach encourages people to register with a general practice rather than a specific GP. Some 95% of the population was registered by January 2025.

    Quebec, Canada: tailored registration programs, but low uptake

    Quebec has several voluntary registration programs for different groups of patients. These include ones for family medicine, vulnerable patients and a general program.

    However, registration rate remains low, at 14.7-32.2%, depending on the program.

    British Columbia, Canada: incentive-driven registration

    British Columbia offers three voluntary registration programs – one for chronic diseases, another for complex care and a general program.

    These use “capitation funding”, where GPs receive payments based on the number of patients they care for.

    Participation rates vary widely across the three programs, with 45.5-79% of the population registered.

    The differences in registration rates across these systems highlight the importance of how schemes are designed and implemented.

    What can Australia learn?

    If MyMedicare is to improve access and continuity of care, targeted strategies – such as outreach for immigrants and lower-income groups, and better support for people with mental health issues – will be essential.

    Australia could also look to how countries with higher rates of patients signing up have designed their systems. This could include considering whether more financial incentives for patients to enrol is warranted, which has been successful in New Zealand.

    Jialing Lin does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. MyMedicare promises better health care. But only 1 in 10 patients has signed up – https://theconversation.com/mymedicare-promises-better-health-care-but-only-1-in-10-patients-has-signed-up-253335

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Reform clock is ticking – the big policy challenges the next government must urgently address

    Source: The Conversation (Au and NZ) – By Aruna Sathanapally, Grattan Institute

    The 2025 federal election coincides with a period of profound global uncertainty, as the Trump administration wreaks havoc on the free trade system and longstanding alliances.

    The events of recent months have underscored how, at each election, the voters in a democracy set their country on a path. Here in Australia, voters will be choosing whom to trust with tackling our challenges and making the most of the opportunities before us.

    These turbulent times internationally only reinforce the need for us to be clear-eyed about the challenges facing Australia, and where our strengths lie in addressing them.

    The big five challenges

    We see five overlapping domestic policy challenges that must be tackled by whoever wins the next election, to ensure prosperity for current and future generations.

    First, we must plan and deliver over the next 25 years the economic transformation that accompanies decarbonisation.

    Addressing climate change is not a task we can delay or abandon, but it will be neither easy nor cheap. The next government can either work to build a credible plan, to orient long-term investment in a renewable energy future, or leave a legacy for the next generation of even greater costs and unreliability, and missed opportunities.

    Second, we must increase the availability and affordability of housing in Australia. Housing is a fundamental human need, and when the housing system fails to deliver enough homes in the places people need and want to live, the consequences are both social and economic. In particular, our broken housing system sits at the centre of growing inequality in Australia.

    Third, as the structure of our economy changes, becoming less reliant on routine and manual labour, Australia must deepen its talent pools and boost productivity to meet the needs of our society and lift economic dynamism. We must improve our school systems, expand access to high-quality early childhood education and care, dismantle barriers in the labour market that prevent people from making the most of their skills and experience, and be rapid adopters of the best global practices and technology.

    Fourth, we are in the midst of the retirement of the Baby Boomer generation. An ageing population is placing increasing demands on public services, government budgets and our workforce. We need to get better at tackling chronic disease in our health system, and we need to shore-up our retirement and aged-care systems for the demographic change that we have long known is coming.

    Fifth, we cannot continue to have high expectations for public services and infrastructure, without raising the money to pay for them. Tax reform has sat in the too-hard basket for too long. In particular, income tax breaks for superannuation and housing have become too generous, and unfairly place the tax burden on younger, less wealthy taxpayers.

    And we need to implement sensible savings. Swingeing cuts may seem easy and appealing on the surface, but real savings will take more thinking than that: to make hospitals more efficient, to better target the NDIS, to get smarter in how we spend public money in procuring big infrastructure and defence projects.

    A position of strength

    None of these challenges is new: they were waiting for us as we emerged from the COVID crisis. Fortunately, we are not starting from scratch.

    In several areas, the federal government has made a start. But whoever forms government after the 2025 election must stay the course on difficult reforms while also finally confronting the reforms that neither side of politics has effectively tackled since the start of the century.

    Australia occupies a position of relative strength to tackle these challenges. We have a highly educated and skilled population, a more manageable fiscal position than many of our counterparts, stronger public institutions, and less polarisation in our politics.

    The reform clock is ticking

    Why, then, has reform proved so hard in Australia? Perhaps we have taken our strengths for granted, perhaps we have been content to leave problems for our future selves to solve. We cannot continue in this way.

    The fundamentals of Australia’s prosperity have been our success in opening our economy and society to the world, while maintaining a strong social safety net, and ensuring economic benefits are broadly shared and that each new generation sees opportunity to build a rewarding life. Failing to tackle the Big Five challenges above risks unpicking these foundations.

    Vested interests have been successful in thwarting reforms in the public interest for decades in Australia. Or perhaps the politics of opposition have proved so successful as to kill the prospect for bipartisan agreement on necessary, evidence-backed change.

    Equally, it falls to the media to hold politicians to account over the facts and evidence that support their claims. Politicians should be firmly tested on what they propose to do with the power they seek, and how they intend to advance the interests of all Australians. This is one of the most important safeguards against empty promises that will do nothing to make us better off, or even take us backwards.

    The reform clock is ticking. The winner of the 2025 election will have to get to work, quickly, on building a better Australia.

    The Grattan Institute began with contributions to its endowment of $15 million from each of the Federal and Victorian Governments, $4 million from BHP Billiton, and $1 million from NAB. In order to safeguard its independence, Grattan Institute’s board controls this endowment. The funds are invested and contribute to funding Grattan Institute’s activities. Grattan Institute also receives funding from corporates, foundations, and individuals to support its general activities as disclosed on its website

    ref. Reform clock is ticking – the big policy challenges the next government must urgently address – https://theconversation.com/reform-clock-is-ticking-the-big-policy-challenges-the-next-government-must-urgently-address-251343

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Canada: Prime Minister Carney speaks with Prime Minister of the United Kingdom Sir Keir Starmer

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, spoke with the Prime Minister of the United Kingdom, Sir Keir Starmer.

    The leaders discussed the United States’ unjustified global trade actions and the need to reinforce our trade relationships with reliable partners. Prime Minister Carney highlighted his plan to fight the imposition of tariffs targeting Canada, including those targeting the auto, steel and aluminum industries, protect Canadian workers and businesses, and build Canada’s economy.

    Prime Minister Carney and Prime Minister Starmer also discussed global issues of mutual concern, including supporting Ukraine in the face of Russia’s invasion. They agreed to remain in close contact.

    Associated Links

    MIL OSI Canada News

  • MIL-OSI USA: Momentum Growing: Large and Small Business Orgs Line Up Behind Bipartisan Cantwell Trade Bill Due to Concerns Costs on Consumer Goods Will Rise, She Announces On Face the Nation

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.06.25

    Momentum Growing: Large and Small Business Orgs Line Up Behind Bipartisan Cantwell Trade Bill Due to Concerns Costs on Consumer Goods Will Rise, She Announces On Face the Nation

    70% of U.S. GDP is consumer spending – new tariffs and falling consumer confidence will shrink the economy, not grow it

    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 on CBS’s Face the Nation that nine major U.S. business organizations have endorsed her new bipartisan legislation that would reassert Congress’ role in overseeing trade and roll back the president’s ability to unilaterally impose tariffs.

    “Organizations who know their bread and butter comes from consumer spending, which is a big part of our economy … are very anxious about a plan,” said Sen. Cantwell.

    “Consumers are saying: ‘How is this helping me in a time of inflation? You are adding to my costs with a tax on my consumer goods.’ And so I think that’s why we are gaining support from these organizations today.”

    These organizations have announced their support for the legislation; statements by most are below:

    1. Consumer Technology Association (CTA)
    2. Retail Industry Leaders Association
    3. American Apparel & Footwear Association
    4. USA Pulses Coalition
    5. Outdoor Industry Association
    6. Computer & Communications Industry Association (CCIA)
    7. Main Street Alliance
    8. Washington Council on International Trade
    9. Washington Distillers Guild

    Video of Sen. Cantwell’s appearance on Face the Nation can be found HERE, audio HERE and a transcript HERE.

    The bipartisan Trade Review Act currently has a total of 14 co-sponsors – seven Democrats and seven Republicans.

    Statements of Support for Trade Review Act:

    Consumer Technology Association

    “The Consumer Technology Association (CTA) applauds Senators Maria Cantwell and Chuck Grassley for introducing the Trade Review Act of 2025 at this deeply concerning time when tariffs are about to destroy the U.S. economy. This bipartisan legislation is a crucial step toward ensuring that tariffs and trade policies are established transparently and democratically. By requiring the President to explain the reasoning and impacts of new tariffs to Congress within 48 hours and setting a 60-day expiration unless explicitly approved by Congress, this act reaffirms Congress’ essential role in shaping U.S. trade policy.  This is a necessary step by the Congress to reclaim its constitutional authority on trade from the executive branch.  We urge Senators in both parties to sponsor and pass it.” — Ed Brzytwa, Vice President of International Trade, CTA

    Retail Industry Leaders Association

    “Congress is vested by the Constitution with the power to levy taxes and it should play an integral role in deciding what tariffs are imposed to protect American industry and families. Tariffs are taxes and have the potential to hit family budgets hard by pushing up prices on clothes, school supplies, food and other household goods. By one estimate, the tariffs announced yesterday will cost the average American family a staggering $2,100. We applaud Senators Chuck Grassley and Maria Cantwell for introducing the Trade Review Act of 2025, an important step for Congress in upholding its Constitutional role in tax and trade policy. The nation’s leading retailers urge Congress to pass this legislation.” —  Blake Harden, Vice President of International Trade, Retail Industry Leaders Association

    American Apparel & Footwear Association

    “We welcome the introduction of the Trade Review Act of 2025 and urge its immediate consideration and enactment. Durable and predictable trade policy requires greater transparency and robust consultation with stakeholders and Congress, which is not happening now. With 97 percent of the goods?we sell in the U.S.?being imported,?and with 96 percent of the people who wear?clothes and shoes on the planet living outside our borders, successful fashion companies need access to global consumers and suppliers to compete. That’s only possible with active Congressional participation in trade policy. On behalf of the 3.5 million trade dependent American workers in our industry, we thank?Senators Cantwell and Grassley for their leadership on this legislation and for their efforts to restore Congressional primacy on trade and tariff policy, as enshrined in Article I, Section 8 of the U.S. Constitution.” –?Steve Lamar, President and CEO, American Apparel & Footwear Association  

    USA Pulses Coalition

    “USA Pulses would like to thank Senator Grassley and Senator Cantwell for introducing legislation to review and approve changes to tariffs on countries that could impact grower sales of pulses (dry peas, lentils, chickpeas and dry beans) and the processors and exporters who provide needed jobs in rural America. We applaud their bipartisan leadership on this important issue.  Free and fair trade is important to everyone in rural America and this legislation would give Congress the opportunity to review the potential impacts of increased tariffs on the rural economy and vote on their approval.”

    Main Street Alliance

    “Trump’s ‘Liberation Day’ tariffs are a direct hit to working families and small businesses—jacking up prices on everyday goods and costing households $3,000–$4,000 a year. It’s a tax hike on the middle class, just as inflation cools. Worse, it’s a sleight of hand—meant to distract Americans from the massive tax breaks Trump is promising billionaires and big corporations. Tariffs aren’t strategy—they’re sabotage. Congress must pass the Trade Review Act of 2025 and stop this economic shell game before Main Street pays the price.” – Richard Trent, Executive Director, Main Street Alliance 

    Washington Council on International Trade

    “The secret sauce for the U.S. form of government isn’t a secret – it is built on checks and balances to ensure a balanced, thoughtful approach. Trade policy is one area that is out of balance. Congress needs to reassert its role in trade policy, including trade agreements and tariffs. We applaud Senators Cantwell and Grassley’s leadership to restore Congressional oversight on tariffs and urge Congress to quickly approve the Trade Review Act of 2025. It maintains the ability of the President to quickly enact tariffs in response to emergency situations while also guaranteeing Congressional agreement.” Lori Otto Punke, President, Washington Council on International Trade  

    Washington Distillers Guild 

    “The WA Distillers’ Guild supports the bipartisan bill introduced by Senators Cantwell and Grassley to provide oversight, structure and accountability to the tariff process.  Our Main Street, family owned small businesses need certainty in everyday operations and adding rules based oversight from Congress will help to ensure that the tariffs enacted help American manufacturers.” — Mhairi Voelsgen, President, Washington Distillers Guild

    MIL OSI USA News

  • MIL-OSI United Kingdom: PM call with international leaders: 6 April 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    PM call with international leaders: 6 April 2025

    The Prime Minister spoke with international leaders including the President of the European Commission Ursula von der Leyen, German Chancellor Olaf Scholz and leader of the German Christian Democratic Union party Friedrich Merz.

    The Prime Minister has today continued to speak with international leaders including the President of the European Commission Ursula von der Leyen, German Chancellor Olaf Scholz and leader of the German Christian Democratic Union party Friedrich Merz.

    Discussing the announcement of additional tariffs by the United States, they all agreed that – as with defence and security – this is a new era for the global economy. Europe must rise to meet the moment and ensure the impact on hard-working people is minimised, while working closely with other countries to help maintain wider economic stability.

    The Prime Minister reiterated that he was disappointed by the new tariffs and stressed he will continue to act in the UK’s national interest — remaining calm while preparing for all eventualities.

    He updated on his plans to go further and faster to strengthen the UK’s economy and ensure it is as resilient as possible and can withstand these kinds of global shocks. He added that it would be important for the UK to strengthen its trading relationships with others across the globe at the same time. 

    The Prime Minister agreed to keep in close contact.

    Updates to this page

    Published 6 April 2025

    MIL OSI United Kingdom

  • MIL-OSI: FxMagnetic Launches Parabolic Trader: A Smarter Way to Trade with Prop Firms and Personal Accounts

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 06, 2025 (GLOBE NEWSWIRE) — FxMagnetic, a provider of intuitive trading tools, announces the launch of FxMagnetic Parabolic Trader, the latest addition to its expanding FxMagnetic Suite. Designed for MetaTrader 4 and with a MetaTrader 5 version currently in development, the new software enables traders to create, backtest, and automate strategies using the Parabolic SAR (PSAR) indicator—without requiring any programming skills.

    Built specifically for traders working with prop firms like FTMO, The5ers, and others, as well as individual traders managing their own capital, FxMagnetic Parabolic Trader combines technical sophistication with ease of use. It allows traders to build and refine trading strategies directly on the chart, execute thousands of backtest simulations, and review detailed statistics such as win rate, max drawdown, and return/drawdown ratios.

    Strategy Optimization Without Code

    One of the defining features of FxMagnetic Parabolic Trader is its ability to simulate thousands of strategy variations based on the PSAR indicator and prebuilt logic. This enables traders to uncover winning combinations of parameters that fit their trading style—whether trend-following or reversal-based.

    In addition to core features like chart-based backtesting and visual trade signals, the software includes several innovative capabilities that appeal to prop traders and personal account managers alike.

    Advanced Filtering: Time-Based Trading Control

    The Time Filter feature lets users define specific periods of the trading day during which trade signals can be generated—for example, 08:30–13:00 and 16:00–21:00. This enables traders to focus only on desired market sessions, such as the London and New York overlaps, improving alignment with volatility windows and avoiding low-liquidity periods.

    This level of control gives traders the ability to refine their strategy based on personal preferences or firm-specific trading rules—a key requirement for those managing prop firm evaluations.

    Failsafe Guard: SL/TP Recovery Mechanism

    Another critical addition is the newly introduced Failsafe Guard, an SL/TP (Stop Loss / Take Profit) recovery mechanism that addresses a common concern among traders: the risk of unprotected trades due to broker-side execution issues.

    If a trade opens without SL/TP due to temporary limitations, the Failsafe Guard will:

    • Retry applying SL/TP as soon as broker conditions allow.
    • Close the trade immediately if the price moves beyond intended SL or TP levels before protection is applied.

    This added protection reduces the risk of large losses due to technical execution delays, offering an extra layer of risk management automation—a feature especially important for prop firm traders who must adhere to strict drawdown rules.

    Visual Strategy Design with Instant Feedback

    Instead of using spreadsheets or coding custom Expert Advisors, traders can now visually design and test strategies right on the MetaTrader chart. Each signal appears on the chart, with color-coded entry and exit points, providing instant clarity on how a strategy performs historically. Combined with powerful metrics, this helps both beginner and advanced traders make more informed decisions.

    The vision of the FxMagnetic Suite is to simplify strategy development and automation for all traders, particularly those who need solutions that can function efficiently without constant screen time. This approach supports consistent execution while enabling more flexibility in how and when traders engage with the market.

    FxMagnetic Parabolic Trader represents an evolution in the way strategies are tested and deployed—especially for traders who value data-driven decision-making and streamlined automation.

    FxMagnetic continues to expand its ecosystem of tools, building on successful releases like FxMagnetic RSI Trader and FxMagnetic Candlestick Labs. With each tool offering multiple built-in strategies and extensive optimization settings, the suite provides a complete solution for strategy discovery, performance analysis, and automated trading.

    Media Contact:
    Rimantas Petrauskas
    Email: support@fxmagnetic.com
    Website: www.fxmagnetic.com

    Disclaimer: This press release is provided by the FxMagnetic. 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. 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.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.

    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 do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/27092cf6-9e37-4cd3-af7a-e358ca5a36a2

    The MIL Network

  • MIL-OSI Global: Federal election: Conservatives and Liberals are targeting different generations and geographies online

    Source: The Conversation – Canada – By Philip Mai, Co-director and Senior Researcher, Social Media Lab, Toronto Metropolitan University, Toronto Metropolitan University

    Amid a Canadian federal election campaign focused in part on the country’s sovereignty, Canada’s two leading political parties are taking sharply different approaches to their advertising strategies. A close analysis of digital ad impressions on Facebook and Instagram reveals that the battleground is not just ideological, but demographic and geographic.

    While both the Conservative and Liberal parties invest ad dollars in Canada’s most populous provinces, their strategies reveal a deeper story: Conservatives bet on Gen Z and Millennial voters, while Liberals double down on older voters and those in Francophone Canada.

    We first observed these divergent strategies as part of an analysis conducted by the Ted Rogers School of Management Social Media Lab at Toronto Metropolitan University. As part of our Election Transparency and Accountability initiative, we examined Canadian political ad spending on Meta-owned platforms Facebook and Instagram, using PoliDashboard, the open-source platform we developed.

    We conducted a detailed analysis of the ad impression data for the campaigns of all major parties. Here, we focus our findings on online ads purchased by the Liberal and Conservative parties, the current frontrunners in the polls.

    Conservatives woo younger voters

    Based on impressions data from Facebook and Instagram during March 23-30, the week after the election announced, there was a clear generational divide in digital outreach. The Conservatives devoted much of their messaging to Canadians under 45, while the Liberals appeared to focus more on those 55 and older.

    A significant portion of Conservative Party Facebook and Instagram ad impressions came from men aged 25 to 34, who accounted for 16 per cent of all Conservative ad views. Additional impressions came from men aged 18 to 24, women aged 25 to 34, and women aged 35 to 44; each of these groups made up 10 per cent of the total impressions. This suggests an apparent effort by the Conservatives to connect with Gen Z and millennial voters.

    In contrast, Liberal ads garnered higher impressions among older demographics, with women aged 65 and over accounting for the largest share (21 per cent) of total impressions. Women aged 55 to 64 and men over 65 each contributed 12 per cent of Liberal ad impressions. This distribution points to a strategic emphasis on older voters, a group known for reliably turning out on election day.

    The estimated percentage of Meta ad impressions for Conservative and Liberals by demographic groups.
    (PoliDashboard/Social Media Lab), CC BY

    While traditional wisdom suggests that young adults favour progressive politics and parties, public polling suggests that young Canadians are increasingly embracing conservatism amid a housing and affordability crisis. The Conservatives appear poised to channel young peoples’ economic dissatisfaction into votes, using online advertising to reach them.

    Meanwhile, the Liberals appear to be consolidating support among those who have a longer history of voting, especially older women, who represent the largest age and gender cohort that is likely to vote for the party. It’s a tale of two electorates, and two very different strategies for winning.

    Impression data alone doesn’t confirm explicit age or gender targeting, nor does it guarantee support. Sometimes, a demographic simply has more affinity for a party’s content, leading to more impressions. These numbers can reflect both how parties aim their ads and how voters gravitate toward what resonates with them most.

    Regional divides

    The differences between the parties extend beyond age and gender, and into geographic territory. Both campaigns prioritize ad spending in Canada’s most populous provinces — British Columbia, Ontario and Québec — but the way they distribute their focus tells its own story.

    The Conservatives receive a larger share of their ad impressions from British Columbia, with 17 per cent of their total ad impressions; in comparison, the Liberals received just 11 per cent. The contrast is even sharper in Ontario, where 54 per cent of all Conservative ad impressions are concentrated, versus only 31 per cent for the Liberals.

    This difference is likely a deliberate strategic targeting tactic. Ontario, home to 122 federal ridings (with about 36 per cent of all seats in the House of Commons), is a pivotal battleground. The Conservatives’ strategy appears to hinge on flipping key seats in the province, particularly in suburban and outer suburban areas that could decide the election. Combined with their reach with younger voters, this approach signals an all-in effort to gain ground where it counts most.

    The Liberal Party, meanwhile, is doubling down in Québec — one of the largest and most culturally distinct provinces in the country — and where the Liberals are clearly on the offensive. Twenty-nine per cent of Liberal ad impressions are located in the province, compared to just three per cent for the Conservatives.

    Québec has long been a stronghold for the Liberals, particularly in urban areas like Montréal. While the province can be volatile and deeply influenced by local issues, the Liberals’ heavy advertising push suggests they’re working to defend the 33 seats they currently hold and possibly add a couple of new seats.

    Two parties, two visions

    Liberals and Conservatives are both vocally aligned in their repudiation of United States President Donald Trump’s frequent allusion to Canada becoming the “51st state,” a sentiment shared by an overwhelming majority of the Canadian public.

    With external pressure mounting from Trump’s tariff threats and democratic norms being tested across the border, this election isn’t just about policies or parties: it’s about protecting Canada’s independence, values and place in the world.

    However, the trends we’ve identified paint a picture of two distinct campaigns playing to different strengths and chasing different voters. The Conservatives are betting on young, digitally engaged Canadians, especially in Ontario. The Liberals are reinforcing their support among older voters, and looking to hold ground in Québec, where cultural identity and party loyalty still carry significant weight.

    Of course, ad impressions are only one part of the equation. Factors like grassroots efforts, candidate appeal and regional dynamics also play a major role. Still, the ad impression numbers provide a unique glimpse into each campaign’s strategy, and reveal the part of Canada each party believes it must win over.

    Philip Mai receives funding from the Department of Canadian Heritage Digital Citizen Contribution Program.

    Anatoliy Gruzd receives funding from the Department of Canadian Heritage Digital Citizen Contribution Program.

    William Hollingshead does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Federal election: Conservatives and Liberals are targeting different generations and geographies online – https://theconversation.com/federal-election-conservatives-and-liberals-are-targeting-different-generations-and-geographies-online-253607

    MIL OSI – Global Reports

  • MIL-OSI New Zealand: Investments Sector – Consumer Demand for Ethical Investing Remains Strong Despite International Headwinds

    Source: Mindful Money

    New research shows New Zealanders are standing firm in their commitment to ethical investment, with three-quarters wanting their money invested according to their values, even as political movements in some countries attempt to undermine responsible investing frameworks.

    The Voices of Aotearoa: Demand for Ethical Investment in New Zealand 2025 report, released today by Mindful Money and the Responsible Investment Association Australasia (RIAA), reveals the resilience in New Zealand investors’ ethical expectations. Despite high-profile political criticism of ESG investing internationally and at home, 75% of Kiwis continue to expect their KiwiSaver and managed funds to be invested ethically and responsibly, with their focus shifting from merely avoiding harm to actively creating positive impact.

    Key findings from the 2025 survey include:

    • Strong consumer support persists: 75% of New Zealanders want their KiwiSaver or investment fund to be invested ethically and responsibly. Only 5% disagree.
    • Expectations of better returns: 45% of respondents expect ethical and responsible investments to perform better in the long term, with only 11% disagreeing. This shows Kiwis don’t perceive a trade-off between investing ethically and earning good returns.
    • Increasing concern about greenwashing: Half of New Zealanders are concerned about misleading claims. 54% are more likely to choose funds with independent certification, and 66% want to know which companies are in their portfolio.
    • How companies behave matters: Investors prioritise avoiding companies that violate human rights (91%), abuse labour rights (91%), and damage the environment (89%) over traditional investment exclusions like tobacco and gambling.
    • Growing demand for positive impact: 76% would invest in a fund that creates positive benefits for society and the environment, with 60% seeking comparable returns and 16% willing to accept lower returns.
    • Strong climate action expectations: Three-quarters of respondents consider it important for fund managers to reduce financed emissions, set targets for further reductions, and commit to net zero emissions by 2050.

    Carey Church, Managing Director of Moneyworks Ethical Investing, and principal sponsor of the survey, pointed out: “These findings show that demand for ethical investing remains strong despite the headwinds of criticism from the US White House and some politicians. They have not convinced others. Investment sectors in the rest of the world are showing leadership, continuing to strengthen ethical investment standards. The New Zealand public agrees. This survey continues to show strong demand for ethical investment funds that reflect people’s personal values.”

    Barry Coates, Co-CEO of Mindful Money, commented: “New Zealanders continue to want their investments to avoid harm and contribute to addressing real-world challenges such as climate change, biodiversity loss and harm to people. They not only want to avoid harm, but they are also seeking investments that deliver positive outcomes for society and the environment.”

    Dean Hegarty, Co-CEO of RIAA, added: “Rising consumer concerns about greenwashing aligns with RIAA’s 2024 benchmark report, which found it has become the top barrier to growth for investment managers. Kiwis want confidence that their money is creating a positive impact, with over half more likely to choose ethical or responsible funds that have independent certification. This presents a significant opportunity for investment providers who can authentically demonstrate how they’re contributing to positive social and environmental outcomes.”

    The survey indicates substantial growth potential, with nearly half (49%) of respondents considering investing in an ethical fund within the next five years, and only 4% stating they would not consider ethical investing at all.

    “These findings reinforce what we’ve been seeing over the past seven years of this survey – New Zealanders want to know that their money is being invested in line with their values. Those values consistently prioritise issues such as human rights, environmental protection, animal welfare and weapons,” said Coates.

    Dean Hegarty concluded: “The message from Kiwis is clear, they expect their investments to align with their values and the demand for responsible products will continue to grow. Investment providers and financial advisers must take this seriously.”

    The 2025 report is a collaboration between RIAA and Mindful Money. It surveyed 1,000 New Zealanders aged 18 years and over via Dynata’s New Zealand panel from 6-17 February 2025.

    About RIAA The Responsible Investment Association Australasia (RIAA) champions responsible investing and a sustainable financial system in Australia and New Zealand. With over 500 members representing NZ$83 trillion in assets under management, RIAA is the largest and most active network of people and organisations engaged in responsible, ethical and impact investing across Australia and New Zealand.

    About Mindful Money Mindful Money is a charity that aims to make money a force for good. We empower consumers, engage investment providers and advocate for change. The Mindful Money website provides transparency on KiwiSaver and retail investment funds, showing company holdings and relating them to key public concerns so userscan understand their investments and find funds that align with their values.

    Report Launch: The report will be launched at a free seminar at 3-4.30pm on Monday 7th April, at KPMG, Viaduct Harbour in Auckland CBD. Tickets for the in-person and online event are at https://events.humanitix.com/voices-of-aotearoa-2025?hxchl=hex-pfl

    MIL OSI New Zealand News

  • MIL-OSI Global: 5 tips from an expert for choosing a self-help book that will actually work

    Source: The Conversation – Canada – By Joanna Pozzulo, Chancellor’s Professor, Psychology, Carleton University

    With over 15,000 self-help books published yearly, sifting through so many books can be challenging. (Shutterstock)

    The wellness industry is one of the fastest growing markets, with an estimated global value of US$6.3 trillion in 2023. Gen Z and millennials are driving much of this growth, spending more on wellness products and services than older generations.

    The challenge, however, is that the wellness industry has few guardrails, allowing social media influencers and media personalities to position themselves as experts on well-being — sometimes without scientific backing.

    In a space where personal opinions and untested strategies are often presented as facts, it can be difficult to distinguish between helpful guidance and misleading information.

    Self-help books and bibliotherapy

    One form of self-help that has gained attention is bibliotherapy, which uses books to support well-being. If you’re looking to improve your well-being, you may find yourself at your local bookstore or library scouring the shelves for a self-help book.

    The self-help category is one of the largest non-fiction book categories. But not all self-help books contain strategies that are actually tested to determine their efficacy.

    With over 15,000 self-help books published yearly in the United States alone, sifting through so many books can be challenging.

    As a professor of psychology and founder of a book club that selects evidence-based books on well-being and self-improvement, I identify self-help books that rely on research rather than personal opinions or commercialized wellness trends.


    Ready to make a change? The Quarter Life Glow-up is a new, six-week newsletter course from The Conversation’s UK and Canada editions.

    Every week, we’ll bring you research-backed advice and tools to help improve your relationships, your career, your free time and your mental health – no supplements or skincare required. Sign up here to start your glow-up at any time.


    5 tips for choosing self-help books

    Here are five key tips for choosing self-help books that are grounded in reliable evidence:

    1. Consider the author’s credentials

    Check the qualifications of an author before assuming their book is evidence-based. Keep in mind that writing a book doesn’t qualify an author as an expert.

    Some self-help books are based on personal experiences rather than scientific research, and while lived experience can be valuable, it is not the same as strategies that have been tested to determine their efficacy.

    Look for authors with academic credentials, like a PhD or doctor of medicine from a reputable school, rather than those claiming expertise solely through personal experience.

    Many professional writers simply summarize existing research rather having conducted the research they are writing about. This can sometimes lead to oversimplification or misrepresentation of scientific findings.

    A quick online search can help determine whether an author has the necessary expertise to offer credible, science-based advice.

    The self-help category is one of the largest non-fiction book categories.
    (Shutterstock)

    2. Don’t judge a book by its popularity

    Just because a book is a bestseller or endorsed by celebrities doesn’t mean it’s grounded in science or evidence-based. Unlike academic research, which undergoes peer review before publication, self-help books are not always vetted for accuracy.

    A book’s success may be driven by marketing, emotional appeal or trendy ideas rather than solid scientific evidence.

    3. Consider where a book is shelved

    Bookstores and libraries categorize self-help books in a variety of sections, including health, wellness, well-being and new age. While some books in these categories are evidence-based, you might consider looking under the science and nature section instead.

    Exploring beyond traditional self-help sections can increase the likelihood of you finding books based on credible, scientific evidence.

    4. Be open to different topics

    Self-improvement is not limited to a single aspect of life. Well-being is a multifaceted construct with some experts including nine or more dimensions, including but not limited to physical, emotional, social, intellectual, spiritual, financial, environmental, occupational and cultural.

    When searching for a self-help book, consider exploring a well-being dimension that you may not know much about to expand your knowledge. This can contribute to a more well-rounded sense of personal development. Or, consider a topic that you want to know more about from a scientific perspective.

    You might consider looking for wellness books outside the health, wellness, well-being and new age categories.
    (Shutterstock)

    5. Think critically about what you read

    Even evidence-based books may report findings that are surprising or contradictory. If you read something that seems contrary in a book, seek out additional sources to verify the claims for yourself.

    The most credible self-help books will include a list of references to original studies that allow you to verify claims for yourself and draw your own conclusions. The extra-benefit of these references is that they can also serve as a gateway to additional resources on the topic.

    A pathway to better health and well-being

    Reading offers a number of benefits for well-being, including helping cognitive function, reducing stress, improving sleep quality and quantity, improving mood, and decreasing blood pressure.

    Although reading is often considered a solitary activity, it can also be a way to connect with others. Being part of a community can help reduce social isolation, decrease loneliness and increase connectedness.

    Book clubs, in particular, can provide a way for you to reap the benefits of reading and community. I created the the Reading for Well-Being Community Book Club at Carleton University.

    I select evidence-based books on various aspects of well-being and self-improvement as Professor Pozzulo’s Picks. I also interview the authors of the books I select on my Reading for Well-Being podcast.

    Each month, members receive a newsletter announcing my pick and a link to the digital platform where my review is posted including a discussion board where club members can share their thoughts about the book. There are no fees and all are welcome to join.

    Whether reading alone or with a group, the benefits of books extend far beyond their pages. So pick up a book and start your journey toward a healthier and more connected life.

    Happy reading!

    Joanna Pozzulo receives funding from the Social Sciences and Humanities Research Council of Canada.

    ref. 5 tips from an expert for choosing a self-help book that will actually work – https://theconversation.com/5-tips-from-an-expert-for-choosing-a-self-help-book-that-will-actually-work-252596

    MIL OSI – Global Reports

  • MIL-Evening Report: The Coalition has announced an even more radical plan to cut international students than Labor. Here’s how it would work

    Source: The Conversation (Au and NZ) – By Andrew Norton, Professor of Higher Education Policy, Monash University

    Last year, the Coalition made the surprise decision to oppose Labor’s plans for new international student caps.

    On Sunday, Opposition Leader Peter Dutton proposed an even more radical policy of his own to limit the number of international students in Australia.

    He announced a combination of tighter enrolment limits, increased visa application fees and changes to temporary graduate visas, which allow some former students to remain in Australia to work.

    This is aimed at either deterring potential students from applying or stopping them from going to their preferred university.

    What’s the Coalition’s policy?

    The Coalition and Labor similarly argue high numbers of international students are putting pressure on housing markets.

    But the opposition is also concerned there are too many international students in some courses. They say some courses can have international enrolments of up to 80%.

    To address both problems, the Coalition proposes a maximum international student enrolment share at public universities (which is almost all universities in Australia). This would be around 25% of all commencing (or new) enrolments. Other education providers, such as private colleges and TAFEs, would face separate caps.

    The Coalition estimates this would result in 30,000 fewer new international students per year than Labor’s policy.

    What is happening under Labor?

    Last year, Labor wanted to give the education minister wide powers to cap international student enrolments by education provider, campus and course.

    Apart from some exempt categories (such as postgraduate research students), vocational and higher education providers would have been allocated 270,000 commencing enrolments between them for 2025. This is compared to 323,000 commencing enrolments in 2023.

    But the bill was opposed by the Greens and the Coalition. So Labor had to move to plan B.

    Using its migration powers, in December 2024, the government issued a ministerial direction on how the Department of Home Affairs should process applications for student visas. This is arguably a de facto cap.

    Immigration officials have been instructed to prioritise student visa applications for all institutions until they near the individual caps that were blocked by the Senate last year.

    Once visa applications are at 80% of each provider’s cap, subsequent applications go into a slower visa processing stream.




    Read more:
    International student numbers in Australia will be controlled by a new informal cap. Here’s how it will work


    Signs applications are already down

    Prospective international students cannot apply for a visa unless an education provider gives them a “confirmation of enrolment”.

    We are seeing signs the ministerial direction is leading to fewer “confirmations of enrolment” and resulting applications.

    My analysis below shows student visa applications for January and February 2025 are well down on equivalent months in 2024, 2023 and 2019 (pre-Covid).

    In late 2024, demand was below the boom times of 2023 and early 2024, but still above 2019.

    What does the Coalition’s plan mean for unis?

    Labor’s policy for university caps uses a formula based on past international student enrolments. The Coalition’s caps would be a percentage of total new enrolments. They expect this to be around 25%, but will set the precise number after consultation and receiving the most recent data.

    Coalition education spokesperson Sarah Henderson has expressed concerns high concentrations of international students have “not been good for our country or for the education outcomes of Australian students”.

    Based on 2023 enrolment data – the latest that also includes domestic students – 35% of new university students in Australia were from overseas. But several universities had international student shares above 50%.

    On the Coalition’s estimates, their policy would see no more than 115,000 new international students in public universities each year, down from 139,000 under Labor’s approach.

    The Coalition acknowledges this will particularly affect the highly ranked Group of Eight universities, including The University of Melbourne and The University of Sydney. Dutton argues these universities have admitted “excessive numbers” of international students.

    Coalition caps for private providers

    One reason the Coalition gave for not supporting Labor’s legislation last year was the disproportionate effect on private education providers, which include both vocational and higher education colleges.

    Under the Coalition’s plan, private providers will still have caps, but they will be different than those for universities. Exactly how this will work is unclear. Their combined caps will be “at most 125,000”, according to the Coalition. Under Labor’s policy, their combined cap is a little higher, at about 132,000.

    A complicating factor here is the government’s existing migration policies have smashed demand for vocational education – as my analysis shows.

    This means many vocational education providers may not be able to fully use the places allocated under Labor’s indicative cap. These shortfalls may create space to increase caps for other private education providers.

    Visa application fees

    Last year, in a bid to cut international student numbers, Labor more than doubled the student visa application fee from A$710 to $1,600. They subsequently reversed this for Pacific Islander applicants.

    Under the Coalition, the visa application fee would more than triple to $5,000 for applicants to Group of Eight universities. For students seeking entry to other providers, the fee would be $2,500.

    Temporary graduate visas

    The Coalition also promises a “rapid review” of the temporary graduate visa program. This would be to prevent its “misuse” as a way to gain access to the Australian labour market and permanent migration.

    Labor has already reduced the number of years former students can stay on temporary graduate visas, reduced the age limit to be granted a visa from 50 to 35 years, and increased the minimum English requirements.

    Applications for temporary graduate visas are down on past levels.

    While Labor’s changes made some potential visa applicants ineligible, recent applications could be the calm before the storm. Large numbers of 2023 and 2024 international students will complete their courses in the coming years, with many of them eligible for temporary graduate visas under current policies.

    International education will take a hit regardless

    The Coalition’s international student election policy is less of a surprise than its refusal to back Labor’s caps last year. They have foreshadowed tough policies many times in recent months.

    But the proposed increased visa application fees and enrolment caps would be painful for both students and education providers.

    Universities have repeatedly argued international students are not major causes of the housing crisis. They have also argued international education is a valuable export and it is being undermined by policy changes out of Canberra. But this has had no impact on the stance of either Labor or the Coalition.

    So, the number of international students in Australia will fall regardless of the federal election result. The decline is set to be greater under a Coalition government. But regardless of the election result, the days of unlimited international student numbers are over.

    The Conversation

    Andrew Norton works for Monash University, which is a member of the Group of Eight and would be significantly affected by the policies discussed in this article.

    ref. The Coalition has announced an even more radical plan to cut international students than Labor. Here’s how it would work – https://theconversation.com/the-coalition-has-announced-an-even-more-radical-plan-to-cut-international-students-than-labor-heres-how-it-would-work-253919

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Ian Powell: When apartheid met Zionism – the case for NZ recognising Palestine as a state

    COMMENTARY: By Ian Powell

    The 1981 Springbok Tour was one of the most controversial events in Aotearoa New Zealand’s history. For 56 days, between July and September, more than 150,000 people took part in more than 200 demonstrations in 28 centres.

    It was the largest protest in the country’s history.

    It caused social ruptures within communities and families across the country. With the National government backing the tour, protests against apartheid sport turned into confrontations with both police and pro-tour rugby fans — on marches and at matches.

    The success of these mass protests was that this was the last tour in either country between the two teams with the strongest rivalry among rugby playing nations.

    This deeply rooted antipathy towards the racism of apartheid helps provide context to today’s growing opposition by New Zealanders to the horrific actions of another apartheid state.

    Depuis la révolte de 1976, le nom de ce township noir symbolise la lutte de la population noire contre le système d’apartheid. Les habitants mènent leur vie quotidienne au milieu des conflits et manifestations, le 15 juin 1980. (Photo by William Campbell/Sygma via Getty Images)

    ” data-medium-file=”https://politicalbytes.blog/wp-content/uploads/2025/03/apartheid-in-south-africa.jpg?w=300″ data-large-file=”https://politicalbytes.blog/wp-content/uploads/2025/03/apartheid-in-south-africa.jpg?w=612″/>

    A township protest against apartheid in South Africa in 1980. Image: politicalbytes.blog

    Understanding apartheid
    Apartheid is a humiliating, repressive and brutal legislated segregation through separation of social groups. In South Africa, this segregation was based on racism (white supremacy over non-whites; predominantly Black Africans but also Asians).

    For nearly three centuries before 1948, Africans had been dispossessed and exploited by Dutch and British colonists. In 1948, this oppression was upgraded to an official legal policy of apartheid.

    Apartheid does not have to be necessarily by race. It could also be religious based. An earlier example was when Christians separated Jews into ghettos on the false claim of inferiority.

    In August 2024, Le Monde Diplomatic published article (paywalled) by German prize-winning journalist and author Charlotte Wiedemann on apartheid in both Israel and South Africa under the heading “When Apartheid met Zionism”:

    She asked the pointed question of what did it mean to be Jewish in a country that saw Israel through the lens of its own experience of apartheid?

    It is a fascinating question making her article an excellent read. Le Monde Diplomatic is a quality progressive magazine, well worth the subscription to read many articles as interesting as this one.

    Relevant Wiedemann observations
    Wiedemann’s scope is wider than that of this blog but many of her observations are still pertinent to my analysis of the relationship between the two apartheid states.

    Most early Jewish immigrants to South Africa fled pogroms and poverty in tsarist Lithuania. This context encouraged many to believe that every human being deserved equal respect, regardless of skin colour or origin.

    Blatant widespread white-supremacist racism had been central to South Africa’s history of earlier Dutch and English colonialism. But this shifted to a further higher level in May 1948 when apartheid formally became central to South Africa’s legal and political system.

    Although many Jews were actively opposed to apartheid it was not until 1985, 37 years later, that Jewish community leaders condemned it outright. In the words of Chief Rabbi Cyril Harris to the post-apartheid Truth and Reconciliation Commission:

    “The Jewish community benefited from apartheid and an apology must be given … We ask forgiveness.”

    On the one hand, Jewish lawyers defended Black activists, But, on the other hand, it was a Jewish prosecutor who pursued Nelson Mandela with “extraordinary zeal” in the case that led to his long imprisonment.

    Israel became one of apartheid South Africa’s strongest allies, including militarily, even when it had become internationally isolated, including through sporting and economic boycotts. Israel’s support for the increasingly isolated apartheid state was unfailing.

    Jewish immigration to South Africa from the late 19th century brought two powerful competing ideas from Eastern Europe. One was Zionism while the other was the Bundists with a strong radical commitment to justice.

    But it was Zionism that grew stronger under apartheid. Prior to 1948 it was a nationalist movement advocating for a homeland for Jewish people in the “biblical land of Israel”.

    Zionism provided the rationale for the ideas that actively sought and achieved the existence of the Israeli state. This, and consequential forced removal of so many Palestinians from their homeland, made Zionism a “natural fit” in apartheid South Africa.

    Nelson Mandela and post-apartheid South Africa
    Although strongly pro-Palestinian, post-apartheid South Africa has never engaged in Holocaust denial. In fact, Holocaust history is compulsory in its secondary schools.

    Its first president, Nelson Mandela, was very clear about the importance of recognising the reality of the Holocaust. As Charlotte Wiedemann observes:

    “Quite the reverse . . .  In 1994 Mandela symbolically marked the end of apartheid at an exhibition about Anne Frank. ‘By honouring her memory as we do today’ he said at its opening, ‘we are saying with one voice: never and never again!’”

    In a 1997 speech, on the International Day of Solidarity with the Palestinian People, Mandela also reaffirmed his support for Palestinian rights:

    “We know too well that our freedom is incomplete without the freedom of the Palestinians.”

    There is a useful account of Mandela’s relationship with and support for Palestinians published by Middle East Eye.

    Mandela’s identification with Palestine was recognised by Palestinians themselves. This included the construction of an impressive statue of him on what remains of their West Bank homeland.

    Palestinians stand next to a giant statue of Nelson Mandela following its inauguration ceremony in the West Bank city of Ramallah on April 26, 2016. – Palestinians inaugurated the statue of Mandela donated by the South African city of Johannesburg to their political capital. The six-metre (20-foot) two-tonne bronze statue was a gift from Johannesburg with which Ramallah is twinned. (Photo by ABBAS MOMANI / AFP)

    ” data-medium-file=”https://politicalbytes.blog/wp-content/uploads/2025/03/mandela-statue-in-west-bank-city-of-ramallah.jpg?w=300″ data-large-file=”https://politicalbytes.blog/wp-content/uploads/2025/03/mandela-statue-in-west-bank-city-of-ramallah.jpg?w=750″/>

    Palestinians stand next to a 6 metre high statue of Nelson Mandela following its inauguration ceremony in the West Bank city of Ramallah in 2016. It was donated by the South African city of Johannesburg, which is twinned with Ramallah. Image: politicalbytes.blog

    Comparing apartheid in South Africa and Israel
    So how did apartheid in South Africa compare with apartheid in Israel. To begin with, while both coincidentally began in May 1948, in South Africa this horrendous system ended over 30 years ago. But in Israel it not only continues, it intensifies.

    Broadly speaking, this included Israel adapting the infamously cruel “Bantustan system” of South Africa which was designed to maintain white supremacy and strengthen the government’s apartheid policy. It involved an area set aside for Black Africans, purportedly for notional self-government.

    In South Africa, apartheid lasted until the early 1990s culminating in South Africa’s first democratic election in 1994.

    Tragically, for Palestinians in their homeland, apartheid not only continues but is intensified by ethnic cleansing delivered by genocide, both incrementally and in surges.

    Apartheid Plus: ethnic cleansing and genocide
    Israel has gone further than its former southern racist counterpart. Whereas South Africa’s economy depended on the labour exploitation of its much larger African workforce, this was relatively much less so for Israel.

    As much as possible Israel’s focus was, and still is, instead on the forcible removal of Palestinians from their homeland.

    This began in 1948 with what is known by Palestinians as the Nakba (“the catastrophe”) when many were physically displaced by the creation of the Israeli state. Genocide is the increasing means of delivering ethnic cleansing.

    Ethnic cleansing is an attempt to create ethnically homogeneous geographic areas by deporting or forcibly displacing people belonging to particular ethnic groups.

    It can also include the removal of all physical vestiges of the victims of this cleansing through the destruction of monuments, cemeteries, and houses of worship.

    This destructive removal has been the unfortunate Palestinian experience in much of today’s Israel and its occupied or controlled territories. It is continuing in Gaza and the occupied West Bank.

    Genocide involves actions intended to destroy, in whole or in part, a national, ethnic, racial, or religious group.

    In contrast with civil war, genocide usually involves deaths on a much larger scale with civilians invariably and deliberately the targets. Genocide is an international crime, according to the Convention on the Prevention and Punishment of the Crime of Genocide (1948).

    Today the Israeli slaughter and destruction in Gaza is a huge genocidal surge with the objective of being the “final solution” while incremental genocide of Palestinians speeds up in the occupied West Bank.

    Notwithstanding the benefits of the recent ceasefire, it freed up Israel to militarily focus on repressing West Bank Palestinians.

    Meanwhile, Israel’s genocide in Gaza during the current vulnerable hiatus of the ceasefire has shifted from military action to starvation.

    The final word
    One of the encouraging features has been the massive protests against the genocide throughout the world. In a relative context, and while not on the same scale as the mass protests against the racist South African rugby tour in 1981, this includes New Zealand.

    Many Jews, including in New Zealand and in the international protests such as at American universities, have been among the strongest critics of the ethnic cleansing through genocide of the apartheid Israeli state.

    They have much in common with the above-mentioned Bundist focus on social justice in contrast to the dogmatic biblical extremism of Zionism.

    Amos Goldberg, professor of genocidal studies at the Hebrew University in Jerusalem is one such Jew. Let’s leave the final word to him:

    “It’s so difficult and painful to admit it, but we can no longer avoid this conclusion. Jewish history will henceforth be stained.”

    This is a compelling case for the New Zealand government to join the many other countries in formally recognising the state of Palestine.

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

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) and Related Meetings in Malaysia

    Source: ASEAN

    At the invitation of H.E. Datuk Seri Amir Hamzah Azizan, Minister of Finance II of Malaysia, Secretary-General of ASEAN, Dr. Kao Kim Hourn, will lead the ASEAN Secretariat delegation to attend the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting and Related Meetings in Kuala Lumpur, Malaysia, on 8-10 April 2025. This series of Ministerial meetings will provide an opportunity for the ASEAN Member States to discuss and share views on global and regional economic outlook, note the progress of the initiatives under the ASEAN Finance and Central Bank tracks, and provide guidance on relevant issues. Under Malaysia’s ASEAN Chairmanship theme “Inclusivity and Sustainability,” the series of meetings will also serve as an important platform to strengthen regional cooperation, review priority economic deliverables, and advance discussions on critical financial matters that will shape ASEAN’s future.
    The post Secretary-General of ASEAN to participate in the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) and Related Meetings in Malaysia appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI China: Protests staged in US against Trump administration’s policies

    Source: China State Council Information Office 3

    Protests erupted in dozens of cities across the United States on Saturday over the controversial policies unveiled by U.S. President Donald Trump’s administration since January.

    Crowds of protesters took to the streets to oppose Trump over the economy, immigration and human rights.

    Organized by a coalition of more than 150 groups, including civil rights organizations, labor unions and veterans’ associations, the coordinated move led to over 1,400 protests nationwide. Demonstrators gathered at state capitols, federal buildings, congressional offices, Social Security Administration headquarters, city halls and public parks.

    The move under the banner of “Hands Off” featured a wide array of protest signs and slogans, such as “End Oligarchy,” “Let Gaza Live,” and “Save Social Security.”

    “This is a nationwide mobilization to stop the most brazen power grab in modern history. Trump, (Elon) Musk, and their billionaire cronies are orchestrating an all-out assault on our government, our economy, and our basic rights — enabled by Congress every step of the way,” said a piece on handsoff2025.com, the official website of the campaign.

    Some elected officials joined the campaign as well. Boston Mayor Michelle Wu said she doesn’t want her children and others to live in a world where threats and intimidation are the means of government and values such as diversity and peace are under attack.

    According to organizers, nearly 600,000 people have signed up for the “Hands off” movement.

    Since taking office, the Trump administration has faced heavy criticism for sweeping policy changes, including mass layoffs in federal agencies, deportation of immigrants, steep budget cuts and imposing tariffs on multiple countries. 

    MIL OSI China News