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Category: Entertainment

  • MIL-OSI Australia: Address to the Corones’ Law Competition Reform event, Sydney

    Source: Australian Treasurer

    I acknowledge the Gadigal of the Eora Nation. I pay my respects to Elders past and present and extend that respect to First Nations people taking part in today’s event.

    Fresh out of law school, I had the privilege of working as one of Justice Michael Kirby’s High Court associates. I answered the phone, put thousands of letters in envelopes, made hundreds of cups of Ceylon Orange Pekoe tea and occasionally had the chance to do some legal research (Leigh 2016).

    One of the things I learned was that lawyers would be lost without resources like Corones’ Competition Law (Svetiev 2023). Pages dog‑eared and tabbed to death, Corones is a trusted source of how the courts have ruled and how arguments have been won and lost.

    Corones texts also stand as a record of reform. Over many editions, it has captured everything from judgments on the original 1974 legislation, to reforms allowing third parties to access infrastructure in the 1990s, to the introduction of criminal cartel sanctions in the 2000s.

    And today, a new round of competition reforms takes shape. This includes the new merger regime – the largest shakeup of Australia’s merger settings in half a century. And it includes a revitalised National Competition Policy agenda. These are the 2 areas I want to cover today, with a focus on the microdata underpinning these macro reforms.

    Building an innovative economy

    Ultimately, competition reform is about improving the long‑term prosperity of the Australian people. This means getting the policy settings right if we want to build a stronger, more resilient and dynamic economy.

    Think of the end‑game as more like Lego than Monopoly. In Monopoly, one person gets everything while everyone else watches in frustration. In Lego, all the players get to build something – though in both cases, stepping on a piece can be painful.

    As US congressman Jake Auchincloss put it, ‘Everybody, when they think about playing with Legos, has this sense of creativity and empowerment.’ (Klein 2025)

    Competitive markets help ensure Australians pay fair prices for goods and services (Leigh 2024a). Without competition, businesses can charge whatever they like – kind of like airport food courts, where a ham and cheese sandwich requires a mortgage.

    Competition also promotes choice and freedom.

    The challenge is Australia’s competitiveness has been declining since the 2000s, while market concentration has nearly doubled since 2010 (Chalmers and Leigh 2024).

    Using microdata to get a better picture

    The Australian Government’s establishment of a Competition Taskforce within the Treasury in 2023 reflects the importance we place on competition reform and finding solutions.

    In just over a year, the Competition Taskforce has made significant contributions.

    This includes using microdata to identify competition issues and develop tailored policy and regulatory responses (Leigh 2024b).

    For example, the Competition Taskforce has relied on data to:

    • develop a robust evidence base on the prevalence and use of non‑compete clauses in Australian labour contracts to inform policy (Andrews and Jarvis 2023, ABS 2024)
    • provide new and powerful insights into how competition can reduce airfares (Majeed, Breunig and Domazet 2024)
    • explain patterns and trends in mergers and show how competition has declined in Australia (Competition Taskforce 2024).

    Understanding competition

    Unit‑level records that track businesses and households over time allow granular analysis of the way policies are influencing the economy.

    Using bigger datasets, more refined econometric techniques and most up to date theories, economists have provided new insights on trends in market concentration and the relationship between competition and productivity.

    For example, researchers found an increase in market power partly explained Australia’s productivity growth slowdown. Industries with the greatest increase in concentration also had the greatest increases in markups (Hambur 2021).

    In this context, high‑growth firms act like Lego builders in the economy – constantly assembling, adapting, and expanding their creations. Rather than dominating like a monopoly, these firms thrive by snapping together innovative ideas, new markets, and fresh talent, driving the majority of turnover and employment growth.

    Typically small and young, they grow by more than 20 per cent over a three‑year period, often reshaping the landscape and challenging the older, more rigid structures of established incumbents. Think of them as the startups disrupting the economy – just as streaming services disrupted DVDs, Uber disrupted taxis, and toddlers disrupt your ability to get a full night’s sleep. As vital builders of sales and employment, a decline in high growth firms can lead to a less dynamic, less flexible economy (Majeed et al., 2021).

    Concentration hot spots

    The Competition Taskforce is working with the Australian Competition and Consumer Commission to develop a microdata screening tool to identify concentration hot spots. This innovative tool leverages the increasingly detailed geospatial data that the Australian Bureau of Statistics has added to its microdata assets.

    The resulting tool will identify regions or segments of the economy that are already very concentrated, where further market consolidation through mergers and acquisitions poses the greatest risk to competition. Concentration hotspots are like a heat map of where Monopoly is being played a little too well, allowing policymakers to find solutions before someone tries to build hotels on every property.

    The Taskforce’s use of administrative data to systematically understand economic activity at the local level will be a novel approach to competition policy both in Australia and among our peers. It will complement the Australian Competition and Consumer Commission’s thorough knowledge of markets developed through its many inquiries and day‑to‑day experience administering the competition laws.

    This hot‑spot tool should help the Australian Competition and Consumer Commission administer the new merger system and inform decisions about the sectors requiring mandatory notification. After all, if a Monopoly player already owns Park Place (or Park Lane), it’s best for the other players that they don’t own all the other dark blue properties. When monopolists dominate the board, it can be expensive for everyone else in the economy to move forward.

    These examples showcase how increased availability of microdata has transformed the way we can use empirical evidence in the policy decision making process: to better identify issues, understand the problems, and develop effective and targeted solutions.

    Microdata gives us the tools and understanding to target policies.

    National Competition Policy

    Building a more productive, dynamic and resilient economy and giving Australian consumers access to a wider range of higher quality products and services at lower prices from across the country and overseas requires collaboration and trust.

    That is why Australian, state and territory governments have been working together to coordinate competition reform efforts under a revitalised National Competition Policy agenda.

    Almost 30 years ago, states, territories and the Commonwealth agreed to put competition policy front and centre by agreeing to the National Competition Policy following the Hilmer Report. This was the era of economic reform, as well as grunge music, dial‑up internet, Blockbuster video rentals, Tamagotchis, and arguing over whether Ross and Rachel were really on a break.

    The original Hilmer reforms outlined a set of competition principles that transformed our economy in ways we largely take for granted today. These included structural reform of public monopolies, introducing competitive neutrality so that government businesses do not enjoy unfair advantages over their private peers, arrangements for third‑party access to nationally significant infrastructure, and an obligation on all governments to review and reform laws that restrict competition.

    These reforms, which focused on removing regulatory barriers in the non‑traded sector, were credited with boosting Australia’s GDP by 2.5 per cent – equivalent to around $5,000 per household per year today. That’s basically the economic equivalent of finding an extra $50 in your jeans – twice a week, every week.

    Commonwealth, state and territory treasurers agreed in November to revitalise National Competition Policy to drive growth, improve choice and put downward pressure on prices (Chalmers 2024). Renewing the government’s commitment to put competition policy front and centre once again but tailored for the new challenges and opportunities of the modern economy – we’re now a digital economy, we’re looking for ways to make the transition to net zero at least cost, and we have a growing care and support economy.

    We have also updated the original National Competition Principles to drive better outcomes for the community, requiring governments to consider the competition impacts of government decisions and establish protections against poorly managed privatisations, empower consumers and address remaining barriers to the movement of goods, services and workers across the country.

    Competition reform isn’t straightforward. If it was easy, past governments would have done it already. Competition reform can be like assembling flat‑pack furniture – you know it’ll be worth it in the end, but along the way, there’s a lot of frustration and some pieces don’t seem to fit where they should.

    Trajectory of the government’s competition reforms

    This recommits governments to a new wave of pro‑competitive reforms over the next decade. Work is already underway on a first tranche of 5 priority reforms to ease the cost‑of‑living pressure and reduce regulatory complexity. The 5 pillars are:

    • Streamlining commercial planning and zoning systems to improve competition by encouraging firm entry and expansion and reducing business and regulatory costs.
    • Lowering barriers to the adoption of international and overseas standards in regulation. As a first step, we are fast‑tracking the recognition of equivalent or superior overseas product safety standards, rather than relying only on domestic standards, to deliver safer and cheaper products. Following this, we will be working collaboratively to identify the priority sectors for the next phase of this reform.
    • Supporting modern methods of construction such as prefab and modular by levelling the regulatory playing field with traditional methods of construction, unlocking time and cost savings, overcoming labour shortages and boosting lagging construction productivity.
    • A nationally consistent worker screening check to boost labour mobility for care workers.
    • Developing broader rights to repair, including for agricultural products, which could reduce repair costs and waste by providing consumers and businesses more choice for repair services.

    State and territory reforms are backed by the government’s $900 million National Productivity Fund. This allows for the fiscal benefits of these reforms – which mostly flow to the Commonwealth – to be shared with those states and territories that choose to implement them. The idea is to encourage states and territories to undertake meaningful reforms for the benefit of the Australian people and the economy.

    And this is just the start. The government will continue to work closely with industry and state and territories to build a more productive economy through national pro‑competitive reform options.

    Further reform rounds will be informed by community consultation and the Productivity Commission’s 5 new inquiries.

    They include inquiries into:

    • creating a more dynamic and resilient economy
    • building a skilled and adaptable workforce
    • harnessing data and digital technology
    • delivering quality care more efficiently, and
    • investing in cheaper, cleaner energy and the net zero transformation.

    Significant benefits flow from National Competition Policy

    Significant benefits will flow from a revitalised National Competition Policy.

    To help us understand the magnitude of the benefits, the Productivity Commission modelled the impact of 19 potential competition reforms (Productivity Commission 2024).

    The Productivity Commission estimated that a revitalised National Competition Policy could result in an ongoing boost to GDP of up to $45 billion, an increase of up to $5,000 for every Australian household per year as well as lower prices by an estimated 0.7 to 1.5 per cent in the long run. This is significant. It is an enduring benefit for consumers, businesses and the economy. On‑par with the highly successful reform efforts of the 1990s and 2000s.

    And the benefits of the reforms extend beyond their economic effect. For example, reforms in the care and support economy would increase the quality of care in areas such as health and disability support.

    There is tough reform work to be done, but the benefits of delivering meaningful reform speak for themselves.

    Closing remarks

    I’d like to leave you with this final thought.

    When Danish carpenter Ole Kirk Christiansen created his iconic company almost a century ago, he named it LEGO after the Danish phrase ‘leg godt’, which means ‘play well’ (LEGO n.d).

    Christiansen understood that openness, rather than monopolistic drive, enabled dynamic, productive and constructive play that benefitted everyone involved.

    Instead of a blood sport where players knocked each other out one by one, participants benefitted when they could create, learn, collaborate and share ideas.

    Today, Lego is the world’s most popular toy, with consumers buying over 30 billion blocks per year.

    Raising my 3 sons, I found that an afternoon spent playing Lego inspired creativity and laughter. Our evenings spent playing Monopoly often ended in tears.

    In much the same way, we are all grappling with changes that are shifting the parameters of the playing field. The digital economy and transition to net zero are equivalent to that moment in time that Congressman Auchincloss described as ‘…throwing the board’, when people ‘get so frustrated that another person – out of, frankly, pure luck – ends up on Park Place and is able to just extract rents every time you cross or you pass go’ (Klein 2025).

    Through microdata‑driven analysis of market concentration, revitalised National Competition Policy, and the continuation of productive collaboration between the Commonwealth, state and territory governments, competition should foster innovation and opportunity. More Lego, less Monopoly.

    MIL OSI News –

    March 19, 2025
  • MIL-OSI: Bedrock Forms Partnership with Pentabase to Target the Korean Market

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, South Korea, March 19, 2025 (GLOBE NEWSWIRE) — Bedrock, the world’s first multi-asset liquidity restaking protocol, has announced a partnership with Pentabase, a leading Web3 marketing firm in Korea.

    • Entered into a partnership with Pentabase, a leading Web3 marketing firm in Korea.
    • Focused on expanding Bedrock’s brand awareness and activating the community in the Korean market
    • A representative stated, “We plan to introduce Bedrock’s innovative restaking solutions to Korean users.”

    The partnership is focused on expanding Bedrock’s brand awareness and activating its community in the Korean market, with plans to aggressively pursue business initiatives targeting the region.

    Bedrock, supported by OKX Ventures, Babylon co-founders, and other major investors, is pioneering the multi-asset liquidity restaking space. Initially launching uniETH on EigenLayer, it is now breaking new ground in the Bitcoin liquidity staking market with uniBTC. uniBTC is a Bitcoin-based liquidity staking token designed to allow BTC holders to earn rewards while maintaining liquidity.

    Currently, Bedrock has over $500 million in Total Value Locked (TVL), supporting assets including uniBTC, brBTC, uniETH, and uniIOTX. Through integrations with EigenLayer, Babylon, and IoTeX, it provides enhanced yields and security across chains.

    To build customized yield strategies for uniBTC holders, Bedrock collaborates with Uniswap, Curve, Compound, Pendle, Corn Protocol, Gearbox, and Morpho, and has partnered with key grant providers such as Arbitrum, Optimism, and Zeta Chain.

    As the finality provider for Babylon’s Cap1 program via RockX, Bedrock leverages five years of node operation experience to ensure low gas fees and zero slashing risks. This technical advantage helped Bedrock capture a 30% market share in Babylon’s Phase1 staking and achieve the highest points per stake in Cap2 performance, establishing itself as a market leader.

    Bedrock’s brBTC, with over $140 million in TVL, is redefining Bitcoin’s utility in the BTCFi 2.0 era. By enabling cross-protocol restaking of Bitcoin derivatives, brBTC addresses liquidity fragmentation through unified strategies, expands income opportunities via multi-protocol access, and maximizes ecosystem efficiency through secure cross-platform integration, playing a key role in the BTCFi market.

    Additionally, Bedrock’s robust security solutions, including audits from respected firms such as Peckshield and Blocksec, Chainlink integration, and 24/7 real-time monitoring, further strengthen asset protection.

    Pentabase, a leading Web3 marketing firm in Korea, specializes in the development and execution of marketing strategies for Web3 and blockchain projects, helping global blockchain projects enter the Korean market. With this partnership, Pentabase will focus on enhancing Bedrock’s brand value and effectively communicating its restaking solutions to local users.

    A Bedrock representative stated, “Korea is one of the key global markets with strong interest in blockchain and DeFi. Through this collaboration with Pentabase, we plan to engage more closely with the Korean community and introduce Bedrock’s innovative restaking solutions.”

    Contact Information

    Company Name: PENTABASE
    Contact Person: Noah
    Email: info@pentabase.io
    Company Website: https://pentabase.io/

    Disclaimer: This press release is provided by PENTABASE. 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 in crypto and mining related opportunities 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. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b7153dd9-de99-4c0b-8919-e8a4728b5ee5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1847c5c5-40ff-4597-9cb9-196f6ff6085e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a692a435-40de-4280-be6f-738db5b1c03a

    The MIL Network –

    March 19, 2025
  • MIL-OSI China: Asian films scaling up content building with AI assistance

    Source: China State Council Information Office 3

    The role of artificial intelligence (AI) and technology will continue to be vital in shaping the future of the Asian film and content sectors with experts urging industry leaders to embrace the change to stay on top of their game, a Hong Kong summit heard on March 18.

    In his welcome remarks at the Asia Content Business Summit (ACBS) Working Group Meeting, Wilfred Wong Ying-wai, chairman of the Hong Kong Film Development Council, said that AI is going to “speed up development” and “unite Asia” across multiple languages as content becomes accessible to a broader audience.

    Wong noted that in the past, content had to be dubbed, but now with the help of AI, subtitles have been made easily accessible on-demand.

    “Second, we have to look at how to distribute. The movie business is a streaming platform. (We) have to be one step ahead. Otherwise, we are just following trends,” said Wong, as he also encouraged current industry leaders to share their knowledge and “pass the sword to the next generation”.

    Fred Wang Cheung-yue, chairman of Hong Kong-based pan-Asia movie services group Salon Film, encouraged attendees to “take new ideas” on the use of technology and AI in movie production from the ACBS event, where speakers from Japan, Indonesia, Malaysia, Thailand and the Philippines also gave presentations on trends and initiatives in their respective countries.

    Dato Kamil Othman, chairman of the National Film Development Corporation Malaysia, said his organization had prioritized the training of film producers, with special attention paid to understanding legal issues such as copyright.

    Malaysia has no problems with sending films overseas and a new generation of successful movie professionals are emerging, he said. The main challenges they encounter are internal industry mechanisms, using AI and difficulties working on co-productions, he added.

    “Talent is already there. We just need a good proposition to move forward,” said Kamil, as he also urged the audience to “not be afraid of AI” as it “is not a trend, but a tool and humans are still part of it”.

    In Japan’s content industry, digitalization had also changed the content industry completely, according to Norihiko Saeki, director of the culture and creation industries division under Japan’s Ministry of Economy, Trade and Industry (METI).

    He said Japanese overseas content sales are set to achieve a market size of 20 trillion yen ($6.7 billion) by 2033, under the “New Cool Japan Strategy” adopted in 2024. METI set up 100 action plans this year in consultation with Japanese content industry leaders in order to hit that target, he added.

    He also said they have a “Shooting with Japan Program” agreement with China and Italy, which gives an incentive grant of 1 billion yen.

    Novie Riyadi, chief operating officer at Indonesian animation and post-production company Mocca Studio said Indonesia’s game industry has grown rapidly, driven by government support that helped firms there become “early adopters of AI”.

    He said there were 156 animation companies in Indonesia in 2020 and expects the number to have tripled by now. Among these companies’ successes has been the animated children’s show Baby Zu, he added, which was created to help parents with children who were slow learning to speak.

    In the Philippines, Liza Dino-Seguerra, executive director of the Quezon City Film Commission, said over 120 Filipino films were produced and released in 2023 — a notable rebound following the COVID-19 pandemic.  

    “Streaming has become the dominant force shaping how content is produced, distributed and consumed,” said Dino-Seguerra, who is also former chairperson of the Film Development Council of the Philippines.

    She said international collaborations are also on the rise because of producers’ constant participation in international events and markets, allowing Filipino stories to reach a global audience. Her organization is looking to partner with companies in the Middle East and North Africa region, and Latin America, she added.

    Sirisak Koshpasharin, vice chairman of Thailand’s National Federation of Motion Pictures and Contents Associations, said content streaming in Thailand is also a growing market.

    He put the spotlight on “movie tourism” as many films have been shot in Thailand, bringing with them tourists. Japan topped the list of countries where film producers came from to shoot in Thailand, he said, followed by India, the United States, the Republic of Korea and China. Upgraded government film incentives introduced in December last year, increasing a cash rebate on movie production from 20 percent to 30 percent, had also encouraged the industry, he added.

    “All the big players in the market come to Thailand, but the best spender is Hong Kong,” said Koshpasharin. Last year alone, 490 projects shot in Thailand, generating 6.5 billion Baht ($194 million). Two of the most notable movies filmed there include Jurassic World 4, and Alien: Earth.

    Fred Chong, group CEO of WebTVAsia and award-winning Malaysian musician, said AI “has a face now”, and is capable of taking on real celebrities. The digital human market, he said, is expected to reach $440 billion by 2031.

    When asked what steps his company has taken to fight scams, Chong said on the sidelines of the ACBS summit that content owners need to fight for their own content.

    “If you are not the content owner, you cannot stop illegal uploads. So, it’s the same thing with AI. We talk about deepfake, we talk about illegal use of the face of a famous person. The original owner of the face has to copyright their intellectual property,” said Chong.

    Later on Tuesday a signing ceremony was held for the joint launch of Zheng He’s Voyages to the West by parties from Malaysia, China including Hong Kong, and Saudi Arabia. Zheng, a Chinese explorer and admiral dated hundreds of years ago, is credited for leading the largest fleet in the world then on seven voyages of exploration from Asia to Africa.

    Saudi World of Sounds and Visions Company President Abdullah Al Muheisen, also a Saudi pioneering filmmaker and director, inked a deal with Fred Wang of Salon Films.

    MIL OSI China News –

    March 19, 2025
  • MIL-OSI Asia-Pac: President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis

    Source: Republic of China Taiwan

    Details
    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

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    2025-03-04
    President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response
    On the morning of March 4, President Lai Ching-te attended the opening ceremony of the Global Cooperation and Training Framework (GCTF) Workshop on Whole-of-Society Resilience Building, Preparation, and Response. In remarks, President Lai stated that global challenges such as extreme weather, pandemics, and energy crises continue to emerge, and growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, he said, and absolutely no single country can face them alone. The president said that as a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world, and that the GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. President Lai indicated that Taiwan will join the forces of the central and local governments to enhance social resilience across the board, enhance disaster response capabilities in the community, and leverage its strengths to make contributions to the international community. He said that we are demonstrating to the world our determination to create an even more resilient Taiwan, and expressed hope to advance mutual assistance and exchanges with all the countries involved, so that we can together promote stability and prosperity around the world. A transcript of President Lai’s remarks follows: To begin, I would like to welcome more than 60 distinguished guests from 30 countries, as well as experts from Taiwan. You are all here for this GCTF workshop to discuss whole-of-society resilience building, preparation, and response. As a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world. The GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. I want to thank our full GCTF partners, the United States, Japan, Australia, and Canada. Over the past several years, we have worked with even more countries through this framework and have expanded our exchanges into even more fields. Together, we have met all kinds of new challenges. I am confident that as our cooperation grows stronger, so will our ability to promote global progress. Each of today’s guests is contributing a vital force in that regard. I extend my sincere thanks to you all. Global challenges such as extreme weather, pandemics, and energy crises continue to emerge. And growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, and absolutely no single country can face them alone. Taiwan holds a key position on the first island chain, and stands at the very frontline of the defense of democracy. With this joint workshop, we are demonstrating to the world our determination to create an even more resilient Taiwan. We are also aiming to advance our mutual assistance and exchanges with all the countries involved, so that we can make our societies more resilient and together promote stability and prosperity around the world. Moving forward, we will continue advancing the following three initiatives: First, we will join the forces of the central and local governments to enhance social resilience across the board. Just last year, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office. Civilian force training, strategic material preparation, and critical infrastructure operation and maintenance are all key discussion areas for our committee. These aim to enhance Taiwan’s resilience in national defense, economic livelihoods, disaster prevention, and democracy. They are also items on the agenda for this GCTF workshop. To cover all the bases, Taiwan must unite and cooperate as a team. Last year, our committee held the very first cross-sector tabletop exercise at the Presidential Office which included central and local government officials as well as civilian observers. We aim to test the government’s emergency response capabilities in high-intensity gray-zone operations and near-conflict situations. We will continue to hold exercises to help the central and local governments work together more efficiently, and strengthen Taiwan’s overall disaster response capabilities. Second is to enhance disaster response capabilities in the community. We fully understand that to build whole-of-society resilience, we must help people increase risk awareness, know how to respond to disasters, and develop abilities to help themselves, help one another, and work together. We are grateful to the American Institute in Taiwan (AIT) for collaborating with the Taiwan Development Association for Disaster Medical Teams to host “Take Action” workshops around the country since 2021. A 2.0 version is already in practice, and continues to train the public in first aid skills. Director of the AIT Taipei Office Raymond Greene and I took part in a Take Action event in New Taipei City last year and personally saw the positive outcomes of the training. In addition to the Take Action workshops, the government is also providing Disaster Relief Volunteer training for ages 11 to 89, and is continuing to expand its target audience. We have also set up Taiwan Community Emergency Response Teams at key facilities nationwide, enhancing the ability of these important facilities to respond independently to disasters. Civilian training will continue to be refined and expanded so that members of the public can serve as important partners in government-led disaster prevention and relief. Third, we will leverage Taiwan’s strengths to make contributions to the international community. The inspiration for our Disaster Relief Volunteer training comes from a similar program run by The Nippon Care-Fit Education Institute in Japan. I am confident that through exchanges like this workshop, Taiwan and other countries can also inspire one another in many areas, and enhance whole-of-society resilience in multiple ways. Taiwan also excels in information and communications and advanced technology. We will set up even more robust cybersecurity systems, expand usage of emerging technologies, and improve the ways we maintain domestic security. We hope that by leveraging our capabilities and sharing our experiences, Taiwan can contribute even more to the international community. I want to welcome all our partners once again, and thank AIT for co-hosting this event. Let’s continue down the path of advancing global security and developing resilience together. Because together, we can travel farther, and we can travel longer. Also in attendance at the event were Japan-Taiwan Exchange Association Deputy Representative Takaba Yo, Australian Office in Taipei Representative Robert Fergusson, and Canadian Trade Office in Taipei Executive Director Jim Nickel.

    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.

    MIL OSI Asia Pacific News –

    March 19, 2025
  • MIL-OSI Australia: Soundcheck for survival: Regional live music venues burnt out by industry struggles

    Source: University of South Australia

    19 March 2025

    Small live music venue operators across regional Australia face personal and financial strain as they work to keep their doors open and sustain thriving music cultures in their communities.

    A study by the University of South Australia has found that regional live music venue operators are experiencing stress and burnout as they face challenges with audience access and fairly paying performing artists. 

    It’s estimated that in the four years since the COVID-19 pandemic arrived, Australia has lost more than 1300 live music venues and stages due to a steep increase in public liability costs and rising rent and energy prices.

    This is coupled with the current cost-of-living crisis that has severely impacted venues’ bottom line and altered the spending habits of audiences, slowing both ticket and bar sales.

    While there has been high-profile media attention recently about the closure of several metropolitan venues, less attention is paid to small live music venues in country towns.

    Researcher Dr Rosie Roberts, along with Dr Sam Whiting of RMIT University, interviewed almost a dozen venue operators from regional South Australia in 2020-21 as part of a larger research project that informed the State Government’s Live Music Support Package.

    Dr Roberts, a member of UniSA’s Creative People, Products and Places Research Centre, says live music venues in regional areas often involve high levels of volunteer labour, investing a lot of time for little financial gain.

    “Many venue operators are undertaking a significant amount of the labour that’s involved for free, because they’re driven by a desire to develop and sustain a music culture in their region,” she says.

    “The people we interviewed often described feelings of burnout and exhaustion and said they were the last to get paid, if paid at all, once they had ensured that the musicians were appropriately compensated.

    “This can produce a churning cycle of music events which is difficult to sustain as operators become tired and need to step away. It’s very difficult to keep operations going in the medium to long term and this can fracture the development of regional music and produce short-term pockets of activity.”

    Regional venues face unique challenges due to the smaller resident populations which then limit the size of bands playing, the frequency of shows and the amount that can be paid to musicians. The costs associated with travel and transport are also an issue.

    While regulatory issues such as licensing and noise are often the main challenges for city-based live music venues, the issues faced by regional areas are different, Dr Roberts says.

    “Regional venues face issues with accessibility and affordability of high-quality acts that attract audiences, as well as encouraging audiences to regularly attend and spend the money required to sustain such gigs, especially in the context of rising cost of living pressures,” she says.

    The research study found that despite having different needs to metropolitan venues, regional venue operators often experience a lack of a voice in decision making around music policy.

    Dr Roberts says solutions could include localised approaches such as continued town or regional art strategies, music feedback forums that connect city-based policy makers with regional stakeholders and the development of a regional live music policy.

    She also suggests the appointment of regional live music officers, and dedicated funding schemes for small and medium sized venues in regional areas.

    “Regional live music venues perform a critical function for their communities because they provide spaces of sociality, belonging, education and skill development, so it’s important we provide a healthy and sustainable live music scene for our regional centres and towns.” Dr Roberts says.

    “Small live music venues are where emerging musicians first engage in music making, yet they also continue their connection with the regions throughout their lives. This makes them vital to an artist’s development both creatively and professionally.”

    …………………………………………………………………………………………………………………………

    Contact for interview: Dr Rosie Roberts, Senior Lecturer, UniSA Creative E: rosie.roberts@unisa.edu.au

    Media contact: Melissa Keogh, Communications Officer, UniSA M: +61 403 659 154 E: melissa.keogh@unisa.edu.au

    MIL OSI News –

    March 19, 2025
  • MIL-Evening Report: How Jia Zhangke’s film Caught by the Tides uses 20 years of footage to capture a changing China

    Source: The Conversation (Au and NZ) – By Thomas Moran, Lecturer in the Department of English, Creative Writing and Film, University of Adelaide

    MK2 Films

    Chinese independent director Jia Zhangke’s new film Caught by the Tides, now in select Australian cinemas, provides a unique vision of China’s rapid social transformation in the 21st century.

    Using a combination of documentary footage and scenes shot by Jia over the past 20 years during the making of his earlier films, Caught by the Tides follows Qiaoqiao (Zhao Tao) and her boyfriend, small-time hustler Bin (Li Zhubin).

    Bin leaves their small town to make his fortune working on the Three Gorges Dam and Qiaoqiao goes to find him, taking her on a journey through the changing landscape of contemporary China.

    The film not only registers monumental changes, like the building of the dam, but the minutiae of everyday details from changing fashion to altered streetscapes.

    Jia’s film is a quiet and meditative affair which dwells on the passage of time in a fast-paced world. The film not only captures 20 years in a rapidly changing China, but also offers a reflection on Jia’s career as a filmmaker.

    Framing the provinces

    Jia was born in 1970. He grew up in the city of Fenyang, Shanxi province, and came of age during Deng Xiaoping’s economic liberalisation and “opening up” of the 1980s.

    He studied at the Beijing Film Academy before returning home to shoot his first feature Xiao Wu (Pickpocket) in 1997.

    The films he made in Shanxi – Xiao Wu, Platform (2000) and Unknown Pleasures (2002) – have been dubbed his “hometown trilogy”.

    Shanxi is known for its notoriously dangerous coal mining industry. Jia focused on the lives of those left behind by China’s “economic miracle” and life outside of the metropolis. His use of non-actors, preference for street shooting and slow minimalist style set his work apart from commercial Chinese cinema.

    The second film in the trilogy, Platform, includes a mesmerising performance from Zhao Tao, then an unknown actor who has since starred in all of Jia’s later films. Zhao and Jia were married in 2012. Zhao is a key artistic collaborator whose portrayal of strong female protagonists is central to all the director’s later work.

    Cinema and cultural memory

    Jia’s international breakthrough came with Still Life (2006), shot in the ancient area of Fengjie on the banks of the Yangtze while cities were being demolished and thousands displaced to make way for the Three Gorges Dam.

    Working on Still Life confirmed Jia’s belief in “cinema’s function as memory” which captures the present before it disappears. Still Life combined Jia’s early realist style with a new surreal approach, including a building taking off and a mysterious flying saucer zooming into the distance.

    To Jia, this blend of realism and surrealism is essential for portraying China’s rapid historical transformation. He says the speed of development in China “has had an unsettling surreal effect”.

    To represent this, he has experimented with all the possibilities of cinema blending documentary, fiction, animation, pop music, Chinese opera and digital images to create a stunning body of work.

    Caught by the tides of history

    Caught by the Tides continues Jia’s experimentation with cinema and history in his most ambitious work to date.

    Production was influenced by the COVID pandemic, when Jia was unable to start work on a new film. Instead, he began to review footage he and his director of photography Yu Lik-Wai had shot since 2001.

    Jia describes the process of reviewing the footage as “like time-travelling” as he returned to the beginning of the 21st century and his youth.

    The film is partly composed of a collage of documentary footage which Jia and his collaborators spent over two years editing. We see excitement in the streets when Beijing is announced as the host city of the 2008 Olympic Games, before cutting to a montage of young people dancing in strobe-lit underground nightclubs.

    This kaleidoscope of documentary footage is combined with scenes shot during the making of Jia’s earlier films. From this combination of archival footage featuring Jia’s regular stars Zhao and Li Zubin, a story emerges about China’s rapid change.

    Jia began work on Caught by the Tides during COVID.
    MK2 Films

    As Qiaoqiao guides the viewer through the chaotic transformations taking place in the country, there is something particularly arresting about seeing places and actors change before our very eyes.

    The final scenes, shot with modern digital cameras, have a sleek and cold aesthetic in contrast to the pixelated early footage. It is in part a reflection of Jia’s own melancholic view of historical change in which the past is forgotten, and the everyday lives of ordinary people disappear from view. Yet as a whole, the film suggests cinema can preserve the past and give dignity and beauty to everyday experiences.

    Caught By the Tides provides viewers with a refreshing glimpse of Chinese life from within. Cinema like Jia’s remains in a unique position to promote a more nuanced view of China’s complex and ever-evolving history.

    Thomas Moran 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. How Jia Zhangke’s film Caught by the Tides uses 20 years of footage to capture a changing China – https://theconversation.com/how-jia-zhangkes-film-caught-by-the-tides-uses-20-years-of-footage-to-capture-a-changing-china-252392

    MIL OSI Analysis – EveningReport.nz –

    March 19, 2025
  • MIL-OSI New Zealand: Injured man dies in hospital after incident, Melville

    Source: New Zealand Police (National News)

    Attributable to Detective Senior Sergeant Scott Neilson,

    A man located in a critical condition after an incident in Hamilton over the weekend has died in hospital.

    Emergency services were called to Beatty Street, Melville at around 4.30am on Saturday 15 March. Upon arrival, a 26-year-old man was located deceased at the scene.

    A second man located in critical condition and transported to hospital died today, Wednesday 19 March.

    Our thoughts are with the families of the two deceased during this difficult time, and continue to offer them support.

    Police continue to make enquiries into this incident and continue to ask anyone with information of CCTV footage to contact us.

    A 41-year-old man has been remanded in custody and is due to reappear in the High Court at Hamilton on 1 April.

    Further charges are being considered.

    You can provide information to Police online at 105.police.govt.nz, clicking “Update Report” or by calling 105.

    Please use the reference number 250315/0371.

    You can also provide information anonymously through Crime Stoppers on 0800 555 111.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

    March 19, 2025
  • MIL-OSI Australia: Queensland Media Club address, Q&A

    Source: Australian Treasurer

    Jack McKay:

    Treasurer, thank you very much for that address. We’ll now turn to the question and answer segment of today’s event and we’ll turn to the press gallery very soon. But, Treasurer, I just want to ask you. Obviously this Budget is being delivered with an election around the corner. You cited some statistics there in your speech and you’re certainly making the case that the economy is rebounding, but do you really think people feel better off now compared to 3 years ago when the Albanese government came to power?

    Jim Chalmers:

    First of all, there’s no question that the Australian economy has turned a corner. We see that in all of the ways I ran through in the speech. But what I’ve always done and what I’ve done again today is to acknowledge that a lot of people are still doing it tough. We know that there’s not always a direct correlation between the progress we’re making in the national aggregate data and how people are feeling and faring in the economy. And that’s where our cost‑of‑living help is so important. The cost‑of‑living help that we’re rolling out in all of those different ways. Tax cuts for every taxpayer, energy bill, relief for every household, cheaper early childhood education, cheaper medicines, Fee‑Free TAFE, rent assistance, getting wages moving again, getting inflation down.

    All of this is about not just recognising that people are under pressure, but actually doing something about it. And again, that comes to the core of the contest in this election year. Now, both the major parties in the parliament acknowledge that people are under pressure, but only our side of the parliament has been prepared to do anything about it. Our political opponents at every turn tried to prevent people from getting those tax cuts and getting that cost‑of‑living help. And because of that, Australians would be thousands of dollars worse off if Peter Dutton had his way on the cost‑of‑living help and on the tax cuts and on wages. I think, as Angus Taylor rightly pointed out the other day when he said that the best predictor of future performance is past performance, that should send a shiver up the spine of every Australian, because the past performance of the Liberal and National parties under Peter Dutton is to come after Medicare, come after wages and vote against cost‑of‑living help.

    McKay:

    You talk to voters, though. Do you think they feel better when you speak to them?

    Chalmers:

    I think I said in response to your first question, Jack, I acknowledge that when the national economic data in aggregate is turning Australia’s way, and it has been in very encouraging, very welcome ways, that doesn’t always immediately translate to how people are feeling or faring in the economy. I think I’ve acknowledged that throughout, certainly today, on multiple occasions. What really matters, once you acknowledge that cost‑of‑living pressure, is to be prepared to do something about it. That’s why our cost‑of‑living help is so important. It’s been meaningful, it’s been substantial, it’s been responsible, and without it, Australians would have been worse off. And that’s what Peter Dutton wanted.

    Journalist:

    Okay, Treasurer, thank you. We’ll now go to the back of the room and I believe Tim Arvier from Channel Nine has the first question.

    Journalist:

    Thank you, Jack. And thank you, Treasurer, and thank you for your kind words about the media club earlier. Can I respond by saying here on Table 21, we wish you all the best with delivering the Budget, because as journos, we empathise with people given sudden and unexpected deadlines. My question, though, is about the Olympics. The federal government’s…

    Chalmers:

    I knew your question was going to be about the Olympics.

    Journalist:

    How did you guess?

    The federal government’s committed $2.5 billion for the Brisbane Live Arena. Will you reconsider that if the Crisafulli government tries to move the location of Brisbane Live Arena? And will you rule out any further funding in the budget or down the line for the Olympics?

    Chalmers:

    First of all, unless something’s happened this morning, my understanding is we haven’t been asked to reconsider the commitment that we’ve made to the arena. I work really closely with Anika, with Catherine King, with Anthony Chisholm, with the whole Cabinet, the whole ministry, to find billions of dollars to contribute to the Olympics, because we think the Olympics are going to be amazing for this part of Australia and for Australia more broadly. We’re very enthusiastically investing not just the 2 and a half big ones for the arena, but also almost another billion dollars for the small venues, too. And that shows a willingness and an enthusiasm on our part to invest in the Olympics.

    I know that there’s a lot of speculation, there’s a lot of conjecture around what the next steps might be. When it comes to the review and the decisions that the state government may or may not make, I see no point really engaging in those kinds of hypotheticals. I see that you report on this very frequently on my TV, and I don’t doubt your sources or your intentions, but what we’ll do is we’ll see what the state government comes out with. Our preference, our intention is to stick to that $3.5 billion that we are providing to the Olympics. And as far as I know, we haven’t been asked to do anything different.

    Journalist:

    So, that decision about that funding you’ll make that when you see the plans come out, is that correct?

    Chalmers:

    It strikes me as a hypothetical that we see, obviously, daily reporting from yourself and others about what may or may not be decided by the state government following the review when they release it. What we do is we work closely with state governments right around Australia, of both political persuasions. We know that there’s a big opportunity to make these Olympics amazing. We’re contributing billions of dollars to that end, and we haven’t been asked to consider any different kinds of plans. If and when that happens, we’ll consider it then.

    Journalist:

    Myself and Sarah Elks here from The Australian have both reported there’s a proposal from the Review Board to move Brisbane live to the GoPrint site at the Gabba. If that happens, will you reconsider your funding?

    Chalmers:

    I think, as I’ve tried to say, probably half a dozen ways. Now, Tim, I’ve seen your reports. I don’t doubt your professionalism or your journalism or Sarah’s. That would be mad to do that, especially here. But we haven’t been approached about any different plans from the state government. We’ll consider that if and when it happens.

    Journalist:

    And just very quickly to finish. Have you been approached by the state government for any further funding? Have they asked you for any more money?

    Chalmers:

    I haven’t.

    Journalist:

    All right, who’s next?

    Journalist:

    G’day, Jack. Treasurer, Harry Clark from Sky News.

    I’m interested to hear a bit more of a breakdown of that $1.2 billion in federal money to recover from Cyclone Alfred. There were a lot of high winds. There was nowhere near the rain that was forecast. There’s a lot of erosion on the Gold Coast and some trees are shredding and some landed on some buildings. But we didn’t see suburbs underwater. And there were no prevailing reports of crops being flattened, unlike up in North Queensland with that big dump of rain they just had. The Bruce Highway Bridge got washed away. Where’s that $1.2 billion being spent? And how does that figure compare to what you’re putting into the recovery in North Queensland?

    Chalmers:

    Thanks, Harry. First of all, we’re still assessing the damage, but I can’t wait for another 2 or 3 or 4 weeks or a couple of months before I put it in the budget. I’ve got to put a number in the Budget a week from today. So we make a sensible provision for the recovery and rebuilding communities. It’s a combination of the hardship payments and the allowance in the social security system with the asks that we get from the state governments and local governments to rebuild local infrastructure, you’d be aware you covered it, I suspect most of you did. On those tables up the back, there’s a whole range of different ways that the Commonwealth and the States work together to rebuild communities. Some of it’s automatic, some of it comes from priority lists provided by the states. We’ve made our best estimate that we can at this point to provision responsibly for those sorts of costs.

    This isn’t the first time we’ve done it, as your question rightly alludes to the fact that we’ve also had the provision for a number of natural disasters in recent times, including what we saw in North Queensland and Far North Queensland not that long ago. There’s about $13.5 billion now provisioned in the budget over the forward estimates for these kinds of purposes.

    If you’ll forgive me one more point about the contrast at the election. You will hear my opposite number and occasionally the Leader of the Opposition sometimes talk about wasteful spending and they use a big number. And the big number that they use includes the money that we have provisioned for natural disasters. They think natural disaster funding, billions of dollars we’re providing in Queensland, NSW and elsewhere is wasteful spending. We take a different view. We will be there for Australians as they rebuild. I understand that your question was based on we didn’t get the worst case scenario, but we still got a lot of substantial damage. We still had people without power for a long time. We’ve had damage to local infrastructure. The damage to our farmers and our producers is still being assessed. So we’ve made a sensible provision because of all of that.

    Journalist:

    Hello, Treasurer. Sarah Elks from The Australian newspaper.

    Chalmers:

    You’ve got to quote Tim in your question because he quoted you in his.

    Journalist:

    I agree with him about sudden and unpredictable deadlines. They’re the bane of every Treasurer and journalist’s existence.

    I wanted to ask about the Albanese government’s previous promise about bringing electricity prices down from 2022 levels. Unfortunately, that did not occur. Can you now make a guarantee that power prices for consumers will come down or will at least remain stable in a second term of an Albanese Labor government?

    Chalmers:

    Well, a couple of things about that, a couple of important points there. And I appreciate your question. First of all, if you look at the inflation numbers for the last year to the end of 2024, what we saw that electricity prices were down a little over 25. Yes, you want to think that that is all the rebate, most of that is the rebate, but they still would have gone down a bit over 1.5 per cent absent the rebate. So in the last year, what we saw was some pretty encouraging outcomes when it came to electricity prices. When it comes to the rebate. I want to shout out Steven and Grace as well for the way that we work together to take some of the edge off electricity bills. We understood that that was a big part of cost‑of‑living pressures. We worked together very effectively in ways that I’m very grateful for, to take some of the edge off those electricity prices.

    We know, as I suspect your question is referring to, we’ve had the default market offer released in recent days, and in some parts of Australia, we are expecting some price pressures. As the independent experts said at the time, that is primarily about the unreliability of the legacy parts of the energy network. What we need to do is we need to make sure that we are introducing cheaper, cleaner, more reliable energy into the system over time, because that’s the only way, over the longer term, that you get that downward pressure on prices.

    The third point I’d make is that if you want lower electricity prices, the dumbest thing that you would do would be commit to nuclear reactors in 15 or 20 years’ time, because that leaves the old unreliable parts of the system in place for longer. It’s the most expensive form of new energy and it will push up electricity prices as well as introduce a whole bunch of uncertainty. Now, to finish on the point you made about the 2022 levels, which I suspect is why you’ve asked for the microphone back, the number that you’re referring to, which we all used on a number of occasions, was a forecast in 2021 about an outcome in 2025. And I think for a lot of the reasons that I’ve run through in my speech today, but also particular to the energy market, there’s been a lot of uncertainty, a lot of volatility between 2021 and 2025. Our responsibility is to first of all understand and accept electricity price is a big part of the pressure on families, on households, on pensioners, to do what we can in the near term, which we have with our energy rebates, and in the longer term with our cleaner and cheaper, more reliable energy. And in that, I would happily stack up our plan against this nuclear insanity any day.

    Journalist:

    And just a follow up, well foreshadowed, given that decision from the AER last week or this week, that power prices or the price cap is due to rise. It sounds like you’re not keen to make another guarantee in the way that you did in the past.

    Will there be further electricity bill relief for consumers in the Budget next Tuesday? You can just give us a little hint. We won’t tell anybody.

    Chalmers:

    I think, as I’ve made pretty clear on a number of occasions now, there are hints in the first 3 budgets. For the government’s fourth budget, I’m obviously not going to commit to another round of energy bill rebates here with you in Brisbane a week out from the Budget. But what I can say is that there will be more cost‑of‑living help in the budget. The form of that will be made clear to you over the course of the next week or so, because we understand that people are still under pressure despite this quite remarkable progress that we’re making together in our economy. So there’ll be cost‑of‑living help. It will be meaningful and substantial and it will be responsible, it will be affordable. We can’t do everything that we would like to do because of the fiscal and other constraints that we have. And there’s always a premium on responsibility, but especially now. But there’ll be cost‑of‑living help. The form of that, you’ll have to tune in a week from now.

    Journalist:

    You won’t guarantee power rebates in the next budget just yet.

    Chalmers:

    I’m not going to do that today, Jack. And I’ll give you the same answer I just gave Sarah. There’ll be cost‑of‑living help in the budget. The form of that will be made clear to people over the course of the next week.

    Journalist:

    Would you like the states, you just spoke about that $1,000 rebate earlier, would you like the states to do more heavy lifting on that front and put more rebates in their budget?

    Chalmers:

    Look, I don’t give the states free advice about the pressures on their budgets or what they might do. I think what I’ve tried to do in couching it in the positive – I’m a positive fellow – is to acknowledge what Steven and Grace did in the former cabinet here in Queensland. I get asked from time to time to have a shot at these guys about the spending in their budget, and I refuse to do that because I think Australians need and deserve help with the cost of living. I think it’s all hands on deck when it comes to that important task. We’ve been prepared to play our part. Steven and the colleagues were prepared to play their part and that’s because we recognise people are under pressure now. There are limits to that. There are fiscal limits to that. We want to make sure that we’re part of the solution when it comes to inflation, not part of the problem. And we’ve demonstrated an ability to do that. I’ll leave the decisions for the state colleagues that they will make around their own cabinet tables.

    Journalist:

    Treasurer, Chris Burns from the Courier Mail. And this is really on the back of Tim’s questions. I feel we need to go back to the Olympics here. You’ve made your position very clear about the amount of funding the government’s willing to put up. However, obviously we’re up in the air waiting for review findings to come out. Would you consider putting more funding in if it was used for generational infrastructure? And the second part of that question is too is it makes it very hard to give an informed answer to that. Why haven’t you been able to see the GIICA Reviews reports yet?

    Chalmers:

    What was the last part of your question again?

    Journalist:

    Let me rephrase that properly, thank you. Why hasn’t the state government briefed you on the findings of a game authority’s final report?

    Chalmers:

    It’s a question for them. I don’t know the answer to that. Anika might have a deeper insight into that or Catherine, we’ll wait for the government to engage us. We’ve indicated a willingness and enthusiasm to work closely with the former government and the current government to deliver an amazing Olympics. When it comes to the first part of your question, I mean the $3.5 billion that we’ve put on the table, it’s hard to find $3.5 billion. There’s not a lot of spare cash lying around. We found $3.5 billion and we did that because the infrastructure that we want to build is generational. It is legacy infrastructure. We don’t want to see a dollar of that 3 and a half go to anything that doesn’t make a lasting contribution to South East Queensland and the Australian community more broadly. We put a lot of work into that commitment. We didn’t just pull that number out of a hat. We did a heap of work. We discussed it a bunch of times around the table at the Expenditure Review Committee and the Cabinet. Again, Anika and Catherine have done most of the work on this with me playing a supportive role. But that’s because we believe in these investments. We believe there’ll be a generational dividend to them.

    Journalist:

    Would you like to see that review soon? They’ve been sitting on for a while.

    Chalmers:

    Ideally, I think we’ve made it really clear, if the state government is contemplating a change in direction, it would be good if they made that clear. We’ve not been approached to change the way that we’re going at it. We’ve put $3.5 billion on the table for good reasons. We’re big believers in the Olympics. We think it’s going to be amazing and we want to get cracking.

    Journalist:

    Can I just follow on from that, though, you say you didn’t pull that $3.5 billion out of a hat. How then are you going to take into account inflation, construction costs? Given the fact that the Olympics are years away, wouldn’t you then account for more money along the way?

    Chalmers:

    Yes, that’s a pretty common feature of budgeting for big infrastructure projects. One of the reasons why there’s a lot of pressure on our budgets collectively is because we have seen a blowout in costs. We try to provision for that and allow for that as responsibly as we can, but that’s not unique to Olympics infrastructure. A lot of the projects we’re building, which have long lead times and long build times, we’ve unfortunately seen a blowout in cost. We try to adapt to that. We try to make room for that and provision for that in our budgets. And that’s the case with the Olympics infrastructure, too.

    Journalist:

    Hi, Treasurer. Joe Hinchliffe from The Guardian. We’re looking at a forecast of a string of deficits as far as the eye can see. With all due respect, how can you prosecute the argument that the Albanese government is a responsible economic manager?

    Chalmers:

    We delivered the first 2 surpluses in almost 2 decades. Our predecessors promised a surplus in their first year and every year thereafter, and went precisely none for 9. We have helped engineer a $200 billion turnaround in the budget, a $200 billion improvement in the budget in nominal terms. That’s the biggest that has ever happened. Even this year, where we will be printing next week, a deficit, that deficit is very substantially smaller than what we inherited when we came to office. And we’ve been able to do all of that, to make all of that progress in the budget at the same time as we provided this cost‑of‑living help invested in the future, invested in the resilience of our economy and one of the dividends of that. We don’t see those 2 surpluses or the smaller deficits as an end in themselves. We see it as a way to avoid interest costs. We see it as a way to make room for other priorities so that we can fund cost‑of‑living help or natural disaster recovery and the like. But we’ve paid down, I think, more than $170 billion in Liberal debt since we came to office. We’ve only been here not even a full term yet, and that’s saving us tens of billions of dollars in debt interest, which we can invest in strengthening Medicare or providing cost‑of‑living help and the like. I think any objective observer of the progress we’ve made in the budget over the last couple of years would recognise and would acknowledge that the way that we’ve managed the budget over the course of the last couple of years has been very responsible in comparison with our predecessors, but responsible in terms of the overall progress that we’ve been able to make.

    Journalist:

    Treasurer, on the back of Harry’s question, before just touching on heavy storms up north, obviously Queensland’s faced 2 disasters recently, but in the Townsville region there are still residents in suburbs impacted by the heavy flooding, loss of clothes, furniture, who do not qualify for Commonwealth funding. What would you say to claims by Coalition MPs that there is a double standard between how the government responded to Tropical Cyclone Alfred compared to funding arrangements for the Townsville region? Is this an example or a case of a South East being preferred to the regions?

    Chalmers:

    No, I don’t believe so. We’ve provided and we are providing very substantial assistance and funding in North Queensland and Far North Queensland. We understand the very serious damage that’s been done up north and we consider the questions around eligibility, the questions around support, the questions about recovery funding and rebuilding communities to be the same whether they happen in Cairns or Townsville or Brisbane or the Gold Coast or in the Northern Rivers in NSW. If there are instances where that support should have been provided and hasn’t, obviously I’m prepared to take that up with the relevant colleagues.

    Journalist:

    Any more?

    Journalist:

    Yes, another one here. Mr Treasurer, you’ve spoken about the global picture and talking about tariffs from the US on aluminium and steel and some of the comments you’ve made on them. Given those tariffs, what value does the US‑Australia Free Trade Agreement still hold? And are you preparing and how are you preparing for the prospect of future tariffs, perhaps in agriculture and other sectors?

    Chalmers:

    First of all, our colleague Don Farrell, the Trade Minister, has been engaging with his counterpart, I think this morning on some of these important questions. Obviously there is more discussion to be had between now and the next deadline and we will make Australia’s case. And a really important part of Australia’s case is the fact that the US enjoys tariff‑free access to our markets because of that Free Trade Agreement. Now, when I engage with my counterpart, when Don does, Penny does, Richard does, the PM does and others – one of the things that we point out is that this has been for a very long time a relationship of mutual economic benefit and the Free Trade Agreement has been part of that. The Americans run a big trade surplus with us. They enjoy tariff free access to our markets. We have a substantial amount of the critical minerals that they’re after. They build the future of their own economy. So we’ve got a compelling story to tell and a good case to make when it comes to these tariffs.

    As I’ve said today, the PM said the other day and other colleagues have said in between, a very disappointing decision from the US not to exempt us on steel and aluminium. The wrong decision, wrong‑headed for all of the reasons that we have made clear. And we will continue to engage between now and the next deadline and after that as well, to make sure that we get the best deal that we can for our workers, our businesses, our industries and our economy.

    Journalist:

    We’ve got time for a couple more. Any more in the back table there, Treasurer?

    Journalist:

    The former Queensland government knew that their hiked coal royalties regime would most likely have an impact on GST and the GST share that Queensland would get. Should they have had a contingency plan in place for this redistribution that we’ve seen announced this week?

    Chalmers:

    First of all, everybody knows that royalty collection has an impact on the calculation made independently and at arm’s length by the Commonwealth. That’s not some kind of revelation. That’s how the system works. What happens is the Commonwealth Grants Commission at arm’s length from the federal government, for good reason, independent from the government, undertakes about 12 months’ worth of consultation with the states and territories. They do multiple rounds of that consultation and people know that when other sources of income go up substantially, then that has implications for the formula. I think everybody has known that for some time now.

    The current Queensland government were clearly expecting that reduction because they booked a big part of it in their mid‑year update and they said at the time that they thought that there were further downside risks to that. And part of the reason for that is because in the relevant period coal royalties went up, I think $8.8 billion from memory. So, none of that is a surprise. And again, I say the same thing I said yesterday when asked about this. You know, it’s not unusual for state treasurers and state governments to want more money from the Commonwealth or from the GST carve, that is states wanting more money from the Commonwealth is a story as old as federation. I continue to deal with Treasurer Janetzki and his colleagues in a respectful way. I understand they’ve got a view about this. But it’s an independent process at arm’s length and it takes into consideration all of the things it’s been taken into consideration for some time, including royalty payments in areas like coal.

    McKay:

    We’ve got time for one more question.

    Journalist:

    We had a few unexpected guests earlier today and they were asking you when will Labor stop approving new coal and gas projects? You want to win a couple of seats from the greens in Brisbane, Griffith and Brisbane. When will Labor stop approving new coal and gas projects?

    Chalmers:

    Well, I don’t think it’s a good idea to reward that kind of behaviour by asking their questions for them. That’s the first point.

    Journalist:

    It’s still a relevant policy question. It’s not like those people were the first people to ask you that question.

    Chalmers:

    I understand. What we have done and what we will continue to do is to make the best decisions that we can for our environment and for our economy, making sure that we balance all of the relevant considerations, environmental considerations, impact on communities, impact on the national economy and what we have shown. And here I tip my lid to Tanya Plibersek and the colleagues. They have been approving heaps of renewable energy projects, I think a record amount of renewable energy projects from memory. What we’re trying to do is to strike the right balance, recognising that we can make ourselves an indispensable part of the global net zero economy at the same time as we leverage some of our traditional strengths. There is a role, for example, for gas in the energy transformation. We’ve been upfront about that as well. We’ll continue to strike the right balance. I know that there’s a range of views at one end and at the other end we are a responsible middle of the road government which takes decisions based on evidence. We approve projects where we can, where they satisfy all of those criteria that I ran through.

    Journalist:

    Treasurer, I’ll just finish up with this one. Federal Labor has gone backwards in terms of the number of seats it holds in Queensland in the last 2 elections. Do you think federal Labor would do better if it had a leader from Queensland?

    Chalmers:

    I think that’s a bit embarrassing to put Anika on the spot like that. No, I think we’re going to put our best foot forward in Queensland and one of the reasons for that is because I genuinely believe that Anthony Albanese has that kind of practical pragmatism that Queenslanders appreciate. Queenslanders are practical people. They’re pragmatic, they’re problem solvers, they’re middle of the road, they’re not especially ideological. I think that’s a description that applies equally to the Prime Minister.

    Given you’ve given me this opportunity, the Prime Minister really enthusiastically believes in the future of our state. He believes in its contribution to the national economy and the nation more broadly. And one of the ways that he has demonstrated that commitment to us is the way that he has promoted and given positions of influence to Queenslanders in our government. We’ve got 4 front benchers. You mentioned unkindly that our numbers were not exactly thick on the ground here in Queensland. But of the people that have been elected from Queensland into the Albanese government – we’ve got 3 Ministers in the cabinet, we’ve got another Minister, we’ve got the speaker of the House, we’ve got a couple of great backbenchers, we’ve got an envoy in Nita Green. We’re short on numbers, but we’re not short on influence. When the time comes for the election campaign and when people are asking, we’re asking for Queenslanders for their vote, I think that they can rest assured that Queensland has a big say in our government, a big say in our policy agenda, a big say around our cabinet table and in all the decision making forums of our government. That’s because Prime Minister Albanese deeply believes in our state, our people, and its potential.

    Journalist:

    So, you don’t have aspirations to become leader one day yourself?

    Chalmers:

    No.

    Journalist:

    All right. Well, thank you very much, Treasurer, for your time today. That brings us to the conclusion of our lunch. Please join me in thanking the Treasurer.

    Chalmers:

    Thanks, Jack. Thanks, everyone.

    MIL OSI News –

    March 19, 2025
  • MIL-OSI: Purpose Investments Inc. Announces March 2025 Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of March 2025 for its open-end exchange-traded funds and closed-end funds (“the Funds”).

    The ex-distribution date for all Open-End Funds is March 27, 2025. The ex-distribution date for all closed-end funds is March 31, 2025.

    Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency
    Apple (AAPL) Yield Shares Purpose ETF – ETF Units APLY $0.1667 03/27/2025 04/02/2025 Monthly
    Purpose Canadian Financial Income Fund – ETF Series BNC $0.1225¹ 03/27/2025 04/02/2025 Monthly
    Purpose Global Bond Fund – ETF Units BND $0.0840 03/27/2025 04/02/2025 Monthly
    Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units BRKY $0.1000 03/27/2025 04/02/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF Units BTCY $0.0850 03/27/2025 04/02/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units BTCY.B $0.0970 03/27/2025 04/02/2025 Monthly
    Purpose Bitcoin Yield ETF – ETF USD Units BTCY.U US $0.0815 03/27/2025 04/02/2025 Monthly
    Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 03/27/2025 04/02/2025 Monthly
    Purpose Credit Opportunities Fund – ETF USD Units CROP.U US $0.0975 03/27/2025 04/02/2025 Monthly
    Purpose Ether Yield – ETF Units ETHY $0.0405 03/27/2025 04/02/2025 Monthly
    Purpose Ether Yield ETF – ETF Non-Currency Hedged Units ETHY.B $0.0500 03/27/2025 04/02/2025 Monthly
    Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US $0.0395 03/27/2025 04/02/2025 Monthly
    Purpose Global Flexible Credit Fund – ETF Units FLX $0.0461 03/27/2025 04/02/2025 Monthly
    Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units FLX.B $0.0551 03/27/2025 04/02/2025 Monthly
    Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units FLX.U US $0.0385 03/27/2025 04/02/2025 Monthly
    Purpose Global Bond Class – ETF Units IGB $0.0860¹ 03/27/2025 04/02/2025 Monthly
    Microsoft (MSFT) Yield Shares Purpose ETF – ETF units MSFY $0.1100 03/27/2025 04/02/2025 Monthly
    Purpose Active Balanced Fund – ETF Units PABF $0.1650 03/27/2025 04/02/2025 Quarterly
    Purpose Active Conservative Fund – ETF Units PACF $0.1900 03/27/2025 04/02/2025 Quarterly
    Purpose Active Growth Fund – ETF Units PAGF $0.1550 03/27/2025 04/02/2025 Quarterly
    Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.1375¹ 03/27/2025 04/02/2025 Monthly
    Purpose Total Return Bond Fund – ETF Series PBD $0.0590¹ 03/27/2025 04/02/2025 Monthly
    Purpose Core Dividend Fund – ETF Series PDF $0.1050¹ 03/27/2025 04/02/2025 Monthly
    Purpose Enhanced Dividend Fund – ETF Series PDIV $0.0950¹ 03/27/2025 04/02/2025 Monthly
    Purpose Real Estate Income Fund – ETF Series PHR $0.0720¹ 03/27/2025 04/02/2025 Monthly
    Purpose International Tactical Hedged Equity Fund – ETF Series PHW $0.1500 03/27/2025 04/02/2025 Quarterly
    Purpose International Dividend Fund – ETF Series PID $0.0780 03/27/2025 04/02/2025 Monthly
    Purpose Monthly Income Fund – ETF Series PIN $0.0830¹ 03/27/2025 04/02/2025 Monthly
    Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 03/27/2025 04/02/2025 Monthly
    Purpose Diversified Real Asset Fund – ETF Series PRA $0.2100 03/27/2025 04/02/2025 Quarterly
    Purpose Conservative Income Fund – ETF Series PRP $0.0600¹ 03/27/2025 04/02/2025 Monthly
    Purpose Premium Yield Fund – ETF Series PYF $0.1100¹ 03/27/2025 04/02/2025 Monthly
    Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $0.1230¹ 03/27/2025 04/02/2025 Monthly
    Purpose Premium Yield Fund Non-Currency Hedged – ETF USD Series PYF.U US $0.1200¹ 03/27/2025 04/02/2025 Monthly
    Purpose Core Equity Income Fund – ETF Series RDE $0.0875¹ 03/27/2025 04/02/2025 Monthly
    Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0950 03/27/2025 04/02/2025 Monthly
    Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 03/27/2025 04/02/2025 Monthly
    Purpose US Preferred Share Fund – ETF Series RPU $0.0940 03/27/2025 04/02/2025 Monthly
    Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2 RPU.B / RPU.U $0.0940 03/27/2025 04/02/2025 Monthly
    Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 03/27/2025 04/02/2025 Monthly
    AMD (AMD) Yield Shares Purpose ETF – ETF Series YAMD $0.2000¹ 03/27/2025 04/02/2025 Monthly
    Amazon (AMZN) Yield Shares Purpose ETF- ETF Units YAMZ $0.4000 03/27/2025 04/02/2025 Monthly
    Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units YGOG $0.2500 03/27/2025 04/02/2025 Monthly
    META (META) Yield Shares Purpose ETF – ETF Series YMET $0.1600¹ 03/27/2025 04/02/2025 Monthly
    NVIDIA (NVDA) Yield Shares Purpose ETF – ETF Units YNVD $0.7500 03/27/2025 04/02/2025 Monthly
    Tesla (TSLA) Yield Shares Purpose ETF – ETF Units YTSL $0.5500 03/27/2025 04/02/2025 Monthly
    Costco (COST) Yield Shares Purpose ETF – ETF Series YCST $0.1000¹ 03/27/2025 04/02/2025 Monthly
    Palantir (PLTR) Yield Shares Purpose ETF – ETF Series YPLT $0.2500¹ 03/27/2025 04/02/2025 Monthly
    UnitedHealth Group (UHN) Yield Shares Purpose ETF – ETF Series YUNH $0.1100¹ 03/27/2025 04/02/2025 Monthly
    Coinbase (COIN) Yield Shares Purpose ETF – ETF Series YCON $0.3000¹ 03/27/2025 04/02/2025 Monthly
    Netflix (NFLX) Yield Shares Purpose ETF – ETF Series YNET $0.1100¹ 03/27/2025 04/02/2025 Monthly
    Broadcom (AVGO) Yield Shares Purpose ETF – ETF Series YAVG $0.1500¹ 03/27/2025 04/02/2025 Monthly
    Tech Innovators Yield Shares Purpose ETF – ETF Series YMAG $0.2000¹ 03/27/2025 04/02/2025 Monthly
    Closed-End Funds Ticker Symbol Distribution
    per share/unit
    Record Date Payable Date Distribution Frequency
    Big Banc Split Corp, Class A BNK $0.1200¹ 03/31/2025 04/14/2025 Monthly
    Big Banc Split Corp, Class A BNK.PR.A $0.0700¹ 03/31/2025 04/14/2025 Monthly


    Estimated March 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund

    The March 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows:

    Fund Name Ticker Symbol Estimated Distribution per unit Record Date Payable Date Distribution Frequency
    Purpose USD Cash Management Fund – ETF Units MNU.U US $0.3440 03/27/2025 04/02/2025 Monthly
    Purpose Cash Management Fund – ETF Units MNY $0.2657 03/27/2025 04/02/2025 Monthly
    Purpose High Interest Savings Fund – ETF Units PSA $0.1105 03/27/2025 04/02/2025 Monthly
    Purpose US Cash Fund – ETF Units PSU.U US $0.3374 03/27/2025 04/02/2025 Monthly

    Purpose expects to issue a press release on or about March 26, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be March 27, 2025.

    (1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
    (2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD; however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

    About Purpose Investments Inc.

    Purpose Investments is an asset management company with more than $22 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information, please email us at info@purposeinvest.com

    Media inquiries:
    Keera Hart
    keera.hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees, and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed; their values change frequently, and past performance may not be repeated.

    The MIL Network –

    March 19, 2025
  • MIL-Evening Report: Married At First Sight should be a platform to talk about domestic violence – too much is left unsaid

    Source: The Conversation (Au and NZ) – By Kate Toone, Lecturer in Social Work, University of South Australia

    Nine

    Married at First Sight Australia (colloquially known as “MAFS”) is one of Australia’s most popular reality TV shows, averaging two million viewers an episode. But this year’s season has come under fire for multiple narratives plagued by domestic violence.

    In particular, one episode brought up three troubling facets of violence: physical violence, coercive control, and expectations of male dominance. Parallels between these three relationships are evident to those of us who work with gendered violence.

    Disappointingly, the show has only directly addressed physical violence. By failing to address properly these other facets of violence, MAFS missed an opportunity to examine the way men’s violence against women exists on a continuum.

    How does the show work?

    The premise of the show is simple: individuals who are unlucky in love are matched by three relationship “experts”. The first time they meet is at the end of the aisle.

    The spouses move in together and are put through a series of exercises designed to “fast track” their connection – although success rates are quite low.

    In weekly commitment ceremonies, each couple, in front of the group, receives relationship therapy from the show’s expert panel: registered psychologist John Aiken, relationship coach Mel Schilling, and sexologist Alessandra Rampolla.

    Each week, each member of the couple chooses to stay or leave. If only one member of a couple wants to leave, both must stay.

    ‘This is deeply troubling’

    At the commitment ceremony in the episode that aired on March 2, groom Paul Antoine confessed he punched a hole in a door during an argument with his wife Carina Mirabile.

    The experts appear to take Antoine’s violence seriously. They threaten to expel him from the show. Other grooms speak directly to camera about the seriousness of physical violence.

    Mirabile downplays his behaviour. She says the incident happened after she talked about a previous relationship, and Antoine’s actions show “he does have strong feelings towards me” and it is “a real relationship”.

    Expert Schilling responds, saying:

    I cannot sit here and listen to this justification from you […] This is not normal behaviour, sweetheart […] This is deeply troubling.

    The incident is being investigated by New South Wales Police. At the time of writing, the couple remain in the series.

    A difficult relationship

    Before the season began airing, it came to light that a member of one couple, Adrian Araouzou, was previously charged with domestic assault, before being acquitted. At the time of writing, this history has not been addressed on screen.

    At the same commitment ceremony, Araouzou whispers requests to his wife, Awhina Rutene, that she not talk about an argument between his sisters and Rutene’s sister.

    Another groom, Dave Hand, criticises Araouzeou’s behaviour, saying

    let her say how she really feels […] She looks at you for permission to speak, mate.

    Aiken says this is a “serious statement”. Rutene says she doesn’t need permission, although she sometimes feels speaking will cause “a rift between us” and she does not want to “hurt Adrian’s feelings”.

    Rutene votes to leave. Because Araouzeou chooses to stay, she is also compelled to stay.

    Looking for ‘domination’

    In the same episode, bride Lauren Hall says she was horrified to come home and find her husband, Clint Rice, cleaning. Hall says she expects a husband to be “very dominating”.

    Sexologist Rampolla suggests Rice embracing domination could “grow the spark” within the relationship. The experts ask Rice whether he feels he can live up to Hall’s gendered expectations. He agrees to try.

    A national emergency

    Given the national platform of the show, and the “national emergency” of domestic and family violence, the failure to seize any opportunity to send a strong message about gender equality to the public is deeply disappointing.

    A 2021 survey found 23% of Australians believe domestic violence is a normal reaction to stress. This points to a mainstream acceptance of violence within intimate relationships. There is a need for further public discourse – and MAFS is very well positioned to contribute to it.

    When MAFS allows people to stay on the show after they have enacted violence, the show sends the message that violence is not enough of a reason to leave a relationship. A 2016 survey from the Australian Bureau of Statistics found that 46% of women who have experienced violence from their partner and have never separated have wanted to leave the relationship.

    People should be able to leave a relationship at any time, and for any reason. It is estimated it takes seven attempts for a woman to leave a relationship characterised by violence. In MAFS, one member of a couple can effectively force the other to stay. This suggests the ultimate goal of marriage is lasting commitment, rather than happiness, fulfilment and safety.

    While the experts openly addressed Antione’s violence in the March 2 episode, there has been no further discussion of the incident since. This sends the message intimate partner violence is easily solved, and not important enough for ongoing attention.

    When the experts supported the idea that Rice should be “dominant” in a relationship, they missed an opportunity to explore the intricate ways patriarchal expectations play out in intimate relationships. Research shows relationships characterised by dominant forms of masculinity are precursors for male violence against women.

    Had MAFS seized this opportunity to open up this discussion (perhaps in a group therapy session with all of the grooms, including with quietly supportive Rice, and strong and respectful Hand) they could have used their platform to push back on the idealised image of a dominating man.

    Research from 2020 found most representations of masculinity on Australian television show men as “inherently chauvinistic, sexist, and misogynist”. MAFS has an opportunity to delve into Australian masculinity and question these stereotypes. What a shame this opportunity has been missed.

    Kate Toone is a member of the Australian Association of Social Workers.

    – ref. Married At First Sight should be a platform to talk about domestic violence – too much is left unsaid – https://theconversation.com/married-at-first-sight-should-be-a-platform-to-talk-about-domestic-violence-too-much-is-left-unsaid-251485

    MIL OSI Analysis – EveningReport.nz –

    March 19, 2025
  • MIL-OSI: WuBlockchain Talks with BitMart Founder Sheldon: From Bitcoin in College to 7 Years of Entrepreneurship and U.S. Regulations

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, March 18, 2025 (GLOBE NEWSWIRE) — Celebrating BitMart’s 7th anniversary, Wu Blockchain—one of the cryptocurrency industry’s leading media platforms—conducted an exclusive interview with BitMart founder Sheldon. The interview provides an in-depth retrospective on Sheldon’s journey from discovering Bitcoin as a college student to founding and scaling BitMart into a global digital asset exchange. It also explores the exchange’s evolution over the past seven years, key industry trends, and insights into the regulatory landscape shaping the future of crypto trading.

    The full interview is presented below.

    Sheldon, founder of BitMart, first encountered Bitcoin as a college sophomore in 2013 after reading about an ASIC mining breakthrough. That summer, he attended a Bitcoin conference in Hangzhou, meeting industry figures like CZ, Star Xu, Mo Buyi, and James Gong.

    After earning his master’s degree in 2017, he founded BitMart, which later secured investment from Fenbushi Capital in 2020. In 2024, BitMart launched its in-house derivatives system. With a CCO in place from day one, the exchange has maintained a relatively light regulatory burden.

    BitMart’s user retention hinges on data asset appreciation and interactive services. While Bitcoin’s downside risk appears limited, the broader crypto market remains sluggish. If political leadership shifts in four years, stricter regulations could follow.

    Encountering Bitcoin in Sophomore Year: Thought It Was Really Cool

    Colin: Sheldon, this year marks the 7th anniversary of BitMart. Congratulations on your continued growth and overcoming numerous challenges along the way. Could you start by briefly introducing your background, including your educational experience and your story before entering the crypto space?

    Sheldon: Recently, our platform celebrated its 7th anniversary. The company has actually been established for over 7 years, with about 9 months spent in preparation before our official launch on March 15, 2018, coinciding with the date of 3.15.

    Let me briefly introduce my past experiences. I studied computer science at Hangzhou Dianzi University. This background allowed me to come into contact with blockchain early on, given the close relationship between computer science and blockchain. I first encountered Bitcoin in early 2013 while I was a sophomore, filled with interest in new technologies and eager to explore cutting-edge innovations.

    At that time, I was still using Renren, a social media platform, where I operated my own small site on a platform called “Renren Xiaozhan,” writing code and collecting interesting news in the tech field to share. One day, I came across a news article about Brooklyn, New York, mentioning two young people who improved ASIC mining algorithms, increasing Bitcoin mining speeds by hundreds of times. This news piqued my interest, and I began to delve deeper into Bitcoin.

    At first, I was extremely excited, but to be honest, I only understood computers and programming and had no knowledge of finance. I considered Bitcoin to be a revolutionary technology that could change the world. From the perspective of financial freedom, it made global transfers free and convenient, which was an attractive concept for me at that time. Young people always pursue freedom, and I thought Bitcoin was really cool.

    2013 Hangzhou Bitcoin Conference: Met CZ, Star, and Others

    Colin: So, did you mine back then?

    Sheldon: Yes! While I was still studying, I tried mining using my own computer. The industry was still small back then, and I often met people at offline events. For instance, during the summer of 2013, I attended a Bitcoin conference in Hangzhou and met people like CZ, Star Xu from OK, Jame Gong, Mo Buyi, and Nick Chong. Everyone participated out of enthusiasm for blockchain, and there was quite a bit of interaction, which allowed me to meet many future industry partners.

    Colin: Did you continue to explore the industry after that?

    Sheldon: During college, I did some blockchain development and even created my own coin, which was quite well-known in 2013. Afterwards, I chose to focus on my studies and went to Stevens Institute of Technology in New Jersey, USA, to pursue a master’s degree in computer science. While academically returning to the traditional computer field, I continued to follow developments in blockchain.

    Overall, Bitcoin indeed inspired me, especially the financial innovations it brought. What truly deepened my understanding of this industry was in 2016, when a fellow alumnus from my university, who had gone to the US before me and was working at SAP in Seattle, became the group leader of our overseas alumni association. We often chatted and exchanged views on blockchain and Bitcoin. During those years, I also attempted algorithmic trading and discussed related issues with him.

    Sheldon: Later, I read the Ethereum white paper, and after finishing it, I felt invigorated. At that time, Ethereum’s vision was to build a “world computer,” putting computation and storage entirely on-chain. This model was more intuitive compared to Bitcoin, with a grander vision and broader imaginative space, along with richer practical application scenarios.

    Colin: Was this in 2015?

    Sheldon: It was in the second half of 2016, just before Ethereum’s explosive growth. After reading its white paper, I felt it was a completely new world. Unlike Bitcoin’s philosophy, Ethereum could support smart contracts and had greater extensibility, which elevated my understanding of blockchain to another dimension.

    Subsequently, I and some classmates began to try coding and created some small applications on Ethereum. At the same time, I also participated in the cryptocurrency trading frenzy, accumulating some initial capital in the market. I experienced two bull market cycles and made some profits, but compared to those early players fully devoted to the industry, my capital accumulation was not that large.

    2017: The Opportunity and Preparation for BitMart’s Establishment

    In 2017, after graduating with my master’s degree, the market was particularly favorable for cryptocurrencies. I began considering my next direction and ultimately decided to start a business with some friends I met in 2013. Our idea was to establish a trading platform, so we began preparations in September 2017 and officially launched on March 15 of the following year. During those 8 to 9 months, we faced many challenges, including team building and fundraising. The entire process was quite tortuous, but we managed to launch the exchange right at the end of the bull market.

    Since then, BitMart Exchange has officially entered a fast-paced development track. The seven years have been both long and filled with challenges. Joining the crypto space was actually a coincidence, but fundamentally, it was driven by my interest in technology and the intriguing nature of blockchain. On the other hand, my understanding of traditional finance was limited, while blockchain offered a brand-new financial paradigm that could potentially disrupt the traditional financial system from a technical standpoint. Therefore, I ultimately decided to immerse myself in this industry and have persevered ever since.

    Colin: What was your strategy when you first started the exchange? Did you have a clear direction at that time?

    Sheldon: Our initial idea was quite simple. On one hand, the crypto market was in a rapid development phase, and on the other hand, competition in the exchange industry was not as fierce as it is now, with a high demand for listing coins. From the perspective of market demand, we believed there was significant potential for growth in exchange operations.

    Additionally, we identified three core areas in the industry: exchanges, mining, and chips. Ultimately, we chose exchanges as our entrepreneurial direction since the other two fields were not our areas of expertise.

    Our competitive strategy has actually remained largely unchanged from that time to now. The core value of an exchange lies in providing a trading venue, liquidity, and quality trading assets, so we decided from the outset to adopt a rich listing strategy. However, in 2017, the industry infrastructure was still underdeveloped, and optimizing product richness, liquidity, and technical foundation was much more challenging than it is today.

    At that time, there was a severe shortage of talent in the entire industry. There were almost no real blockchain practitioners, and most of the talent had to be cultivated or solutions had to be explored independently, making technical difficulties relatively high. However, we consistently adhered to our competitive strategy, which has continued to this day.

    Our team had a strong global presence, which led to BitMart being highly regarded worldwide. When the exchange launched, it garnered significant attention, and the subsequent user structure remained consistent across the globe.

    2017-2021: BitMart’s Journey from Startup to Rapid Development

    Colin: If you were to divide BitMart’s 7 to 8 years of development into different phases, how would you define these phases? What are their characteristics?

    Sheldon: I believe that BitMart’s development phases are closely linked to changes in the company’s organizational structure, talent framework, and business scale. If we were to categorize the phases, I believe the company is currently in the fourth phase.

    The first phase includes the years 2017 to 2019, during which BitMart was in its startup stage as a company. At that time, our team was small, and our business level and market share were still in the early stages of development.

    The bear market in 2019 and the market slump in early 2020 were significant tests for the team. The entire industry was extremely cold at that time, leading us to undergo a wave of personnel adjustments, with many early core members choosing to leave due to the changing market environment. I believe that during that phase, every exchange faced immense survival pressure. It was the most challenging period.

    Following that, from 2020 to 2021, we entered the second phase, which was a rapid development phase. In early 2020, Fenbushi Capital invested in our equity, which, although not a large amount, was highly significant for us.

    In 2020, we upgraded the team comprehensively, and the organizational structure underwent a major adjustment. Many key core members joined at that time and have remained with the company, becoming the backbone of today’s organization, taking on crucial management roles. This organizational adjustment laid the foundation for BitMart’s rapid growth thereafter.

    Sheldon: In 2020 and 2021, with the optimization of our talent structure, we also welcomed a bull market. During those two years, asset issuance was exceptionally frantic, and DeFi summer drove the expansion of the entire crypto industry’s asset scale, also creating numerous opportunities for the appreciation of emerging assets. This industry trend directly propelled the business growth of BitMart Exchange.

    Especially in mid-2021, our performance data reached an extraordinarily exaggerated growth level, with monthly trading volume increasing by 100 times compared to 2020. In terms of user growth, the number of retail traders and app downloads surged, and we briefly entered the top 20 of the Apple Store, even surpassing PayPal at one point. During that time, BitMart’s daily downloads reached hundreds of thousands, with daily registrations peaking in the tens of thousands, rapidly increasing our market share. It can be said that at that time, our exchange business ranked at least in the top five globally.

    Our success primarily relied on a rich asset issuance strategy and the user-friendliness of our platform products.

    2022-2023: Strengthening Risk Control and Security Investments

    Sheldon: We define the years 2022 and 2023 as the “consolidation phase” of development. The main focus of our investment has been on products, research and development, security, and risk control. We have conducted another round of upgrades and optimizations for our internal management processes, product research systems, operational SOPs, and team structure.

    The years 2017 to 2019 were led by the first generation of BitMart’s management team, while 2020 to 2021 saw the introduction of the second generation of core leadership. In 2022 to 2023, we welcomed the third generation of core leadership, gradually moving towards a professional managerial approach, bringing in many key personnel from traditional finance industries and other leading exchanges. At the same time, we also undertook large-scale upgrades and iterations of our technical systems, optimizing the exchange’s infrastructure.

    Moreover, the construction of our risk control and security systems has also been further strengthened, with substantial investment in security facilities. To some extent, we view the bear market as an opportunity to focus on internal optimization and enhance overall stability and risk resistance.

    2024: Launching an In-house Developed Derivatives System

    Sheldon: I believe that the period from 2024 to 2025 will be the fourth development stage for BitMart, marking a new growth phase. The core growth areas during this phase will primarily focus on contracts and derivatives business.

    In 2024, we officially launched a brand-new an in-house developed derivatives system, which is a fully in-memory trading clearing and settlement system that greatly enhances trading efficiency and performance. In terms of derivatives products, this system has nearly bridged the gap between us and first-tier exchanges. The launch of this complete clearing and settlement system has made the expansion of our derivatives business much smoother. Over the past year, the growth rate of derivatives trading has been rapid, becoming a new growth engine for the company.

    Additionally, to accommodate this growth, we have also made adjustments and optimizations to our fourth-generation leadership team, further introducing new core management. This evolution of organizational structure is actually an inevitable trend, as it is difficult to advance the company to the next stage without adapting the organizational structure to changes in business models.

    BitMart’s Core Strategy for Compliant Development

    Colin: I remember you have always emphasized compliance. Compared to other trading platforms, your strategy seems somewhat different. How did you formulate your compliance strategy back then?

    Sheldon: Yes, BitMart established a CCO (Chief Compliance Officer) from the very beginning. Our core executive team also includes someone specifically responsible for legal affairs. In the early stages, we conducted in-depth analyses of the compliance environment for business development and formulated a comprehensive compliance operation plan, closely cooperating with law firms to ensure our business operations were legal and compliant. Thus, we have a relatively light historical burden.

    Sheldon: I believe that the founders of each exchange have different personalities and decision-making styles. As entrepreneurs, the most important thing is to clearly understand what you truly want, what you have, and what you are willing to give up.

    Some exchanges choose an extremely aggressive growth model, willing to take compliance risks in pursuit of excess returns. We, on the other hand, clearly chose a more stable development path from the outset, unwilling to take unnecessary legal risks. This reflects the differing considerations of various entrepreneurs regarding risk and return; each exchange will have its unique considerations.

    Future Market Expansion Directions: Focus on Asia and Europe

    Colin: Has your user base changed? You just mentioned the derivatives business, and in certain markets, you clearly cannot conduct derivatives trading. Has there been any adjustment in the geographic distribution of your users?

    Sheldon: Our derivatives business was relatively small before 2024. Compared to derivatives trading, spot trading has relatively lenient regulatory requirements, so we have remained in a relatively controllable state regarding regulatory pressure.

    From 2021 to 2024, there has been a noticeable change in our user distribution, shifting from primarily North American users to being dominated by Asian and European markets. Currently, our derivatives trading remains mainly concentrated in the Asian market, where user activity and trading demand are still the highest.

    Core Value of Retaining Users Lies in “Appreciation of Data Assets” and “Interactive Services”

    Colin: So, how is your overall revenue and profitability situation now? How has the company performed in terms of revenue?

    Sheldon: Overall, the situation is quite good. Our ability to list coins has always been strong. If you conduct market research, you will find that we are consistently one of the exchanges with the most and fastest listings in the industry. Our accelerated listing strategy has kept our overall revenue at a relatively stable high level, especially in terms of revenue from spot trading fees, where we have always maintained a leading position.

    In 2023, we explicitly proposed a strategy for diversifying our “revenue pillars,” expanding from solely spot revenue to include derivatives revenue. In 2024, the growth of derivatives trading significantly boosted our overall revenue. This has also led to some expansion within our team, though we still maintain streamlined operations. Currently, the company has nearly 500 employees, more than doubling in size compared to 2021.

    Colin: Will there be any new changes in the company’s strategy this year?

    Sheldon: Yes, BitMart’s core strategy has been evolving, but there is a core vision and mission that has never changed. Over the past five years, during every annual and quarterly meeting, we have repeatedly emphasized our vision—to become the infrastructure of the future Web3 world.

    Colin: You mentioned the vision that the company has consistently adhered to. If you were to summarize the core values of BitMart’s development over the years or the most important aspects of corporate culture, how would you define them?

    Sheldon: From a user-facing perspective, we have always aimed to provide a free trading venue, offering users the opportunity for asset selection, and creating an open, free, and trustworthy Web3 platform. Therefore, our products and trading tools are always designed from the user’s needs, striving to meet user demands as much as possible in terms of trading experience and asset support. This philosophy has enabled BitMart to maintain a high user retention rate and continuously expand its market.

    Colin: What kind of values do you advocate in terms of the company’s internal culture?

    Sheldon: The core values of our internal culture can be summarized in five keywords: trust, reliability, simplicity, efficiency, and persistence.

    These values permeate the company’s daily communication, strategy formulation, and business execution processes. Whether in team collaboration or decision-making in response to market changes, we consistently adhere to these five core principles.

    From the revenue strategy perspective, we are promoting the expansion from spot income to derivatives income to achieve diversified growth. From a long-term strategic viewpoint, this year we also formulated a “decentralized wallet strategy.” In the third quarter of 2025, we plan to launch our own decentralized wallet and integrate it with existing CEX wallets.

    For exchanges, the core value of retaining users lies in the “appreciation of data assets” and “interactive services.” The wallet strategy is extremely important to us as it is not merely a storage tool but also serves as the gateway for users to enter the Web3 world. Based on this entry point, we can establish a complete asset appreciation system and provide services such as asset management and information interaction. This aligns with the core direction of our long-term vision and mission.

    Colin: Is it necessary to develop a wallet in-house? For instance, acquiring existing on-chain products or wallets might also be a good choice, much like Binance acquiring Trust Wallet back in the day?

    Sheldon: Indeed, acquisition is a feasible option, but we have already built substantial technical expertise in this area. Our asset management framework also collaborates with some third-party custodians, such as Copper, Fireblocks, and Cobo. However, our internal team has accumulated significant experience in wallet technology over a long period. The year 2025 is a suitable time, so we decided to develop it in-house rather than pursue an acquisition directly.

    The Trend of Integration Between CEX and DEX

    Colin: Your strategy is also an issue that all CEXs must face. Just like in 2017 when Binance capitalized on the altcoin market boom, today CEXs may face challenges from DEX and on-chain economies. Do you think this challenge will fundamentally impact CEXs?

    Sheldon: I believe that CEX and DEX each have their distinct advantages, and the user groups they serve differ significantly. Currently, it is unlikely that the product forms of the two will fully merge in the short term, but in the medium to long term, CEX and DEX will gradually converge, borrowing from and integrating with each other’s technologies.

    For example, many DEXs rely on decentralized backends for clearing and settlement, but the front-end presentation and interaction still use centralized methods. Similarly, CEXs are beginning to integrate decentralized self-custody wallets into their internal centralized wallets, enhancing users’ control over their assets.

    I think that in the future, both CEX and DEX will continue to grow in market size and ultimately form a state of integration. DEXs have clear advantages in terms of transparency, self-custody, and censorship resistance, while CEXs still dominate in high-frequency trading, high liquidity, and support for complex trading strategies. Therefore, neither will completely replace the other; instead, they will continually move closer in their respective areas of expertise, forming a complementary relationship.

    Colin: Do you think the market space for CEX will become smaller? On one hand, it faces competition from DEX, and on the other, local compliance exchanges are also developing rapidly.

    Sheldon: This question needs to be analyzed separately. In terms of absolute market value, the market size of CEXs will continue to grow over the next 5 to 10 years. However, in terms of market share, the outlook may not be as optimistic.

    Currently, regulation on DEX is relatively lenient. For instance, the withdrawal of lawsuits against DEX-driven protocols like Uniswap has provided many opportunities for DEX to grow. Therefore, the market share of DEX may continue to rise.

    However, the growth of CEXs still relies on the overall expansion of assets in the crypto industry. Especially with the trend of digital financial assets, the advent of the AI era will generate a large number of new data assets, significantly increasing their application and interaction frequency. Overall, the market size of the industry (especially for CEX exchanges) will continue to grow and is unlikely to stagnate at least in the next 5 to 10 years.

    Nonetheless, changes in market share may suggest that more emerging entrepreneurs will find greater opportunities in DEX or other DeFi areas.

    Bitcoin Market Prediction: Long-Term Target of $1 Million, Short-Term Influenced by Federal Reserve Policies

    Colin: You have a lot of observations about the US market, and we’ve discussed the current market state. How do you see the upcoming market trend? What impact might adjustments in US policies have on the market? The US government is indeed loosening regulations and providing greater support to the industry, but at the same time, macro factors like rising inflation may have some influence on the market. How do you view the future market trends? From the company’s perspective, you must also assess these factors, as they will directly impact future investments and growth planning. Additionally, how do you view the opportunities that changes in the US regulatory environment may bring to the industry?

    Sheldon: From the perspective of the secondary market, Bitcoin has gradually decoupled from other asset classes, but it still remains highly correlated with US macroeconomic policies. Therefore, in the long term, most people’s view is consistent—Bitcoin will eventually rise to $1 million. However, in the short term, Bitcoin’s price movements are still largely dependent on the Federal Reserve’s interest rate cut policies, the inflow of funds for Bitcoin spot ETFs, and any potential national Bitcoin reserve plans.

    Currently, the downside potential for Bitcoin seems limited, and while market liquidity is somewhat constrained, Bitcoin’s fundamentals remain solid. However, aside from Bitcoin, the market situation for other crypto assets is relatively bleak. The market currently lacks new capital influx, and there are no truly valuable “trust-level” protocols or applications emerging from the product side. Therefore, in terms of value creation and liquidity, the entire market remains in a sluggish state.

    This recent market surge’s funding primarily comes from traditional financial institutions and the inflow of US ETFs. Bitcoin’s ultimate destination is to be held by banks and a few compliant custodians, rather than flowing into DEXs or unregulated entities as it did in the past. Thus, the overall leverage in the market has significantly decreased. In previous bull markets, offshore exchanges or unregulated entities had very high leverage, leading to market over-expansion, while the deleveraging process frequently resulted in liquidation waves, creating massive volatility. However, in this round, the leverage spillover effect is relatively weak; even though Bitcoin’s turnover rate is high, the proportion of retail holdings has significantly decreased. Consequently, the entire secondary market, especially the altcoin market, remains in a relatively challenging phase.

    Sheldon: From the perspective of the US policy environment, the potential return of Trump could bring certain opportunities to the market. In the past, the US government’s regulatory model was primarily enforcement-driven, as the crypto industry has long lacked clear legal foundations. Enforcement mainly relied on securities laws and anti-money laundering regulations. Furthermore, multiple agencies (SEC, CFTC, DOJ, etc.) have regulated the crypto industry under a traditional financial framework, with a very tough stance. This multi-agency regulatory model has led to a significant outflow of domestic companies, causing market funds to remain in a prolonged wait-and-see state.

    Trump’s election, while not immediately resulting in new legislation, could positively influence the regulatory attitude. From the legislative process perspective, after a bill is proposed in the House, it needs to be reviewed by the Senate, followed by multiple rounds of amendments. Therefore, forming a stable regulatory framework will take a long time. However, the Trump administration’s attitude might bring short-term positive impacts on the market, especially for institutional investors who are currently hesitant, as this could serve as an important incentive, releasing suppressed market capital and the energy for product innovation.

    Currently, enforcement agencies maintain a strong crackdown on illegal activities and financial crimes in the crypto industry. However, in terms of securities regulation, especially regarding innovative businesses involving crypto assets, such as tokenization and DeFi compliance, there is a possibility of greater policy leniency. Overall, the trend suggests that the future US crypto industry will gain a more stable policy environment to a certain extent, rather than being in a high-pressure and uncertain state as in the past few years.

    Colin: But are you concerned that US policies may undergo drastic changes with party shifts? For instance, two or four years down the line, if Congress changes, could there be a significant reversal in policy direction?

    Sheldon: That possibility does exist, and it can even be said to be highly likely. This four-year period is better described as a postponement of enforcement rather than a cessation. For example, several crypto-related companies were prosecuted right before the election last year, and some significant fines and settlements were also finalized during Biden’s term. If political parties change again in four years, the likelihood of stricter regulatory policies remains high. 

    About BitMart
    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. New users can register here to unlock an $8,000+ welcome bonus.

    Disclaimer:
    Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results.

    The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network –

    March 19, 2025
  • MIL-OSI New Zealand: 6 creative community galleries to check out

    Source: Auckland Council

    If Auckland was an artwork, it would be a vast tapestry woven with the colourful threads of the many cultures that make up its diverse population. There are heaps of ways for art lovers to explore the creative fabric of Tāmaki Makaurau, including public artworks and art trails, galleries and community centres.

    While Auckland Art Gallery Toi o Tāmaki is the epicentre of the city’s art scene, further afield there are community art galleries that showcase the vibrant work of artists from all fields and walks of life. The directors and curators from six local galleries share what makes their gallery.

    20 Hastings Road, Mairangi Bay

    Mairangi Arts Centre has an extensive workshop programme, including the popular pottery classes.

    What to expect: “Tucked away in the middle of Mairangi Bay, Mairangi Arts Centre (MAC) is a hidden gem, often overlooked by those passing by,” says Clint Taniguchi, general manager at MAC. “It holds a special place in the community as one of Auckland’s oldest art centres, boasting a rich legacy deeply intertwined with the local residents.

    “Mairangi Bay itself has a village atmosphere, and MAC plays a vital role in this close-knit community, fostering strong connections with local schools, organisations and businesses. It’s always heartwarming to hear from families who fondly remember taking art classes here as children, and who are now bringing their own children to experience the same joy of creative exploration.

    “There are three galleries: the Main Gallery, the smaller Hewson Gallery, and the MAC Artspace which is dedicated to exhibitions by our members. We also have four art studios, including a Clay Studio.”

    Get involved: Mairangi Arts Centre offers more than 60 classes and workshops throughout the year for children, youth and adults. Classes range from clay handbuilding and wheel throwing, to comic book illustration and painting classes.

    Something unexpected: Outside the facilities is Mairangi Arts Garden, a community-driven space dedicated to enriching native biodiversity.

    Don’t miss: “We will be participating in Auckland’s World Of Cultures festival with our exhibition and event Culture and Beyond. Following that, we will have a Pop Up! Cash n’ Carry exhibition in conjunction with an Open Day event in our garden. In May, we look forward to hosting exhibitions by the Korean Photography Association of New Zealand and an art collective, Dreamworks.”

    35 Uxbridge Road, Howick

    UXBRIDGE has an extensive kids’ arts programme with special events in the school holidays.

    What to expect: “We combine a number of wonderful facilities: art studios, workshops, theatre, art gallery, dance studio and a number of spaces for community hire,” explains director Paul Brobbel. “The building has an interesting history. Uxbridge began as Presbyterian church in the early 1900s and became an art centre in 1981. The church architecture (now the theatre) is the centre of Uxbridge’s identity. In 2016, a redevelopment merged the older architecture with the addition of modern offices, studios and a cafe.”

    Get involved: Uxbridge hosts a range of adult and children’s classes and workshops including its well-known painting, pottery and jewellery classes, plus popular new offerings such as bonsai and kintsugi workshops.

    Something unexpected: “Visit on a Saturday and you’ll see one of Auckland’s busiest places for art buzzing with dancing, workshops, children’s art and an amazing cafe. We’re in the heart of Howick with beautiful views of Hauraki Gulf and just minutes from the beach.”

    Don’t miss: “April sees our popular school holiday programme return with several workshops each day (some full-day options). We also have children’s films playing in the theatre. Our next term of classes also has some exciting workshops such as the return of pounamu carving and a new meditative drawing workshop, as well as Sculpting for Beginners with Shona Lyon.”

    Lopdell Precinct, 418 Titirangi Road, Titirangi

    The Upstairs Gallery on level one of Lopdell Precinct showcases artists such as Pusi Urale.

    What to expect: “We pride ourselves as being a gallery that supports local emerging talent, and our goal is to be a launching pad for future artists,” says co-director Carlos Vano. “We create an environment that’s welcoming but also provides a platform for artists to hone their skills of presentation to the community. We physically have a small gallery, so when people visit I like to tell them about other facilities in Lopdell Precinct such as the Don Binney artworks on permanent display in the hallway, Te Uru gallery next door, and the rooftop which has beautiful views of Manukau Harbour. There are also photos and information on the history of Lopdell House so visitors can learn more about the building itself.”

    Something unexpected: “We started with visual arts but soon found a need for expansion. We now hold movies, workshops, performance arts events, music gigs, pop-ups and artist talks. We are open to all groups and individuals that approach us.”

    Don’t miss: “We have a group show in April called Aspire which asks artists what your aspirations are? What would you like to happen with your future? We also have two solo shows in late April and May from Paola King-Borrero and Ahsin Ahsin.”

    420 Titirangi Road, Titirangi,

    Te Uru features several gallery spaces and is Auckland’s second largest art gallery.

    What to expect: “We are a beautiful six-storey building nestled at the foothills of the Waitākere Ranges,” says Te Uru director Adrienne Schierning. “We have six different gallery spaces, a purpose-built education space and a gallery shop. We’re open seven days a week, so visiting us is a great day out – perhaps on your way to one of the stunning west coast beaches or for a walk through Waitākere Ranges Regional Park. Entry to the gallery is free at all times.”

    Get involved: Te Uru offers after-school classes and holiday programmes for kids as well as creative kids’ birthday parties. There are also adult classes in a range of media (including Renaissance drawing and botanical watercolours) and one-off weekend workshops for adults such as raranga harakeke (flax weaving). Upcoming adults’ weekend workshops include an eco-paint and pastel making in April and a life drawing in May.

    Something unexpected: “People are often surprised by how big the gallery is and the architecture of the space. We are Tāmaki Makaurau’s second largest gallery. Often people don’t expect to see such an impressive facility in Titirangi. The architecture of the building is an artwork in its own right. Te Uru opened ten years ago and was designed by Mitchell Stout Dodd architects, and they won the New Zealand Architecture Award for Public Architecture for their work on Te Uru. The building has two impressive staircases at either end, and throughout it has a wonderful sense of openness and light. You get views of the bush and the harbour. Although you are inside a sturdy modern building you feel a connection to nature.”

    Don’t miss: “Photosynthesisers: Women and the lens is a huge survey of 41 women artists including queer, trans women and fa’afafine from Aotearoa and Australia. Soft Spot is an exhibition of three artists from Aotearoa – Ming Ranginui, Claudia Kogachi and Erica von Zon. We will be opening Pauline Yearbury: Life in Forms on 3 May which is really exciting, and we also have Maungrongo Te Kawa exhibiting until 22 June.”

    2 Mt Lebanon Lane, Henderson

    Corban Estate Arts Centre in Henderson is the site of a former winery.

    What to expect: Luana Walker, kaiwhakahaere/director at Corban Estate, says, “We’ve got everything an arts lover could want: Galleries, artist studios, classrooms, heritage spaces for hire, a performing arts theatre, a historic homestead and even a glass-casting workroom.

    Plus a café for when creativity requires caffeine. Corban Estate has a rich past, from its days as a working winery to its transformation into a thriving arts hub. There’s a sense of history woven into the walls, and you can feel the creative energy of those who’ve passed through.

    “But my absolute favourite moment is seeing children spill out of our classroom spaces at the end of a workshop, clutching their freshly made creations with pure excitement,

    paint-covered hands, big smiles, and the kind of joy that reminds you why art matters.”

    Get involved: “If you can make it, paint it, cast it, carve it or sketch it, we probably teach it! Our workshops range from printmaking, abstract painting, contemporary embroidery, graffiti workshops, wet felting, sculpture and glass casting. Basically, if you can make a mess doing it, we probably run a class for it.”

    Something unexpected: “Corban Estate was once a fully operational winery, complete with a cellar and a theatrette. If walls could talk, these ones would have some fascinating fermentation tales to tell!

    “People are also often surprised by the sheer scale of the place. It’s not just a gallery, it’s a sprawling creative hub filled with studios, workrooms, performance spaces and a whole lot of artistic energy. It’s a place where history and innovation collide, proving that creativity, much like a good wine, only gets better with time.”

    Don’t miss: “Kids Arts Festival – Celebrating Colour is happening on 5 April, bringing a vibrant explosion of creativity for all ages. From 1-24 April we’re featuring Rainbow Machine, a mobile artwork and part of the Auckland Council Public Art Collection.

    “There’s also The Great Snake Search, a free holiday trail winding through the estate in honour of the Year of the Snake, and Dragon Boat Festival Family Day, a cultural celebration full of storytelling, craft, and connection.”

    5/46 Fair Mall, Ōtara

    Fresh Gallery Ōtara holds scheduled monthly exhibitions of contemporary Pacific art.

    What to expect: Fresh Gallery Ōtara is an art space showcasing contemporary Pasifika artists and exhibitions relevant to the gallery’s location and its communities. The exhibitions change every six to seven weeks, offering fresh and diverse works throughout the year.

    Everything apart from the permanent furniture changes regularly. Fresh Gallery was established in 2006 as a partnership between Manukau City Council and the Ōtara community. The gallery’s program includes emerging solo artists, local school groups and collaborative group exhibitions, showcasing a variety of artistic voices and perspectives.

    Get involved: Fresh Gallery regularly holds workshops that are of interest to the local community such as a recent virtual reality and mixed media workshop held by Shivani Karan. Check out Fresh Gallery’s Facebook page for upcoming events. The public programs run alongside our exhibitions, providing opportunities for the community to engage with artists, learn more about their work and participate in creative discussions and activities.

    Something unexpected: Fresh Gallery is located next to the Ōtara Flea Market and every Saturday the town centre area is packed with people and stalls.

    Don’t miss: In April, Fresh Gallery Ōtara has an exhibition by Sean Hill, titled Sequencergy, running until 12 April. In May, the gallery will present an exhibition by Marie Mapa until May 24.

    MIL OSI New Zealand News –

    March 19, 2025
  • MIL-OSI New Zealand: The Oppression the Left Forgot

    Source: ACT Party

    The Haps

    Your property is safe as Parliament is shut and David Seymour is the Acting Prime Minister. Yesterday, ACT made the big announcement that for the first time ever, we’re seeking candidates to stand in local council elections. We want common-sense Kiwis to champion lower rates, less waste, equal rights, and an end to the war on cars. If that sounds like you, learn more at actlocal.nz.

    Meanwhile ACT MPs have been out in force at A&P Shows and Field Days, they report tremendous support from rural New Zealand and we are grateful to hear it.

    The Oppression the Left Forgot

    Besides a pandemic, the last decade has consisted of economic paralysis and cultural division as Governments dumped years of live-and-let-live liberalism to focus on identity politics. Jacinda Ardern and Justin Trudeau were the pin ups for this dismal movement, managing to tank their respective countries’ economies and make everyone angry at each other.

    Free Press regrets to inform you that the DEI brigade missed a large oppressed group. This group has disastrous education statistics, lives years less than the national average, in part because of their high suicide rates, and is far more likely to be arrested, charged, sentenced, and imprisoned. Some speculate this is due to years of violence, including being held in state institutions, and in armed conflict.

    In recent years, prominent members of this group have been forced by their managers into public humiliation, pronouncing that they’re sorry for being part of this group. The group is regularly ridiculed in media and advertising, and not expected to complain.

    The group is, of course, men. If any other group had the social statistics men do, there would be a special ministry, a ‘day,’ targeted support programs, and probably quotas to help them on their way.

    That there is none of that, and that some people will be angry to read any of this, is just one of those modern mysteries. Why are men such a blind spot for all the luvvies, despite dismal social statistics that would normally justify an entire Government department?

    Some will point out that women do face serious problems. Domestic and sexual violence are overwhelmingly problems for women. Even today there is a connection between domestic work and earned income. Claudia Goldin won the Nobel prize for explaining the remaining gender pay gap this way.

    Other people having problems, or even causing other peoples’ problems, has never stopped the luvvies before. There must be some better reason why men’s abysmal suffering is not the subject of some major leftie sympathy.

    Our best theory is that men doing badly blows up the whole DEI identity politics movement of the past decade. The movement’s basic story is that if anything is wrong in the world it’s because bad people have been oppressing them, perhaps for hundreds of years.

    Why are Māori doing badly in the stats? Colonisation. Women? The patriarchy. LGBTQI+. So many reasons. There is even a fattist movement claiming ‘society’ has designed its aeroplane seats, magazines, and institutions to silence fat voices (we are not making this up).

    But who oppressed men? Men can’t be oppressed. They are needed to play the villain of the piece. In a play where everyone is a victim or a villain for historic reasons, not everyone can be good, and certainly not those needed to be bad.

    A worse conclusion would be that women are oppressing boys. Practically all early childhood teachers, six-out-of-seven primary teachers, and two-out-of-three high school teachers are women.

    If it was the other way around the picture would seem sinister. Perhaps teacher gender is why last year 42 per cent of girls came out of high school with University Entrance compared with 32 per cent of boys. Oddly this explanation of oppression by a dominant group has not been emerged.

    Nor should it. The whole idea that we are not thinking and valuing individuals but instead members of a group is bunk. It’s led to more division and anger than it’s worth (which is not much to start with). It’s disempowered people by making them think they are products of history, instead of masters of their own destiny.

    A better way is to let people problem solve by innovating. Charter schools are a pin-up example of this. Vanguard Military School (run by ex-servicemen), and Te Aratika Academy (run by a civil construction firm) offered different education that some might see as filling the male role-model gap in education.

    The same could be said for most problems we’re currently blaming on colonisation, the patriarchy, or whatever cause du jour is on people’s minds. More innovation in social services, more economic opportunity for people who want to take it, a more dynamic and innovative society generally is what’s needed.

    For all those who still think the world is made up of victims and villains, with the past made up of endless oppression, what are you doing for men?

    MIL OSI New Zealand News –

    March 19, 2025
  • MIL-OSI Canada: Investing nearly $5B in Alberta’s north

    [. In the province’s latest budget, $4.4 billion is being allocated in operating expenses and $475 million for capital expenses to Alberta’s north region.

    Alberta’s northern communities are vital to the province’s identity, prosperity and success. There is no question, Alberta’s northern communities face unique opportunities and challenges that must be addressed today. Budget 2025, if passed, is meeting the challenges faced by Alberta with continued investments in economic development, education, health, transportation and more.

    Jobs, Economy and Trade:

    If passed, Budget 2025 strengthens northern Alberta’s workforce and regional economies through strategic supports and investments, including $9 million over the next three years through the Northern and Regional Economic Development Program (NRED) and $1.5 million allocated over three years for the Northern Alberta Development Bursary, to attract and retain skilled professionals to grow and diversify northern economies. Alberta’s government is also investing $111 million in affordability and wage-top-up grants to child care operators in northern Alberta so northern families can access quality child care.

    Regarding regional supports, $45 million is being allocated over three years to the Investment and Growth Fund to increase Alberta’s competitiveness and attract investment across the province, including in the north. Budget 2025 invests $3 million in the Alberta Export Expansion Program over three years to enhance access for Alberta-based businesses to international markets for export-ready organizations. Alberta’s government is also investing $235 million in the Alberta Film and Television Tax Credit over the next three years to grow the film and television sector in Alberta, with 30 per cent tax credits available for qualifying northern and rural productions.

    “By driving strategic economic development, attracting investment with a business-friendly environment and empowering our northern workforce, our government is ensuring Alberta’s north remains an economic engine, fueling growth and industry diversification for years to come.”

    Matt Jones, Minister of Jobs, Economy and Trade

    Northern Development:

    Alberta’s government has engaged with business owners, municipalities and economic development organizations from communities across northern Alberta who shared their specific barriers to economic growth, such as workforce retention and attraction, transportation, infrastructure and affordable housing. If passed, Budget 2025 makes important investments to address those challenges and create more opportunities for Albertan workers and business owners based in the north.

    “Northern Alberta has limitless opportunity. Investing in much-needed supports today, like the Northern and Regional Economic Development Program and Northern Alberta Development Bursary, will empower communities to succeed, setting the foundation for northern communities to thrive for generations to come.”

    Tany Yao, parliamentary secretary for small business and northern development

    Education:

    Last fall, Alberta’s government announced a program to accelerate school construction and build new classroom spaces. If passed, Budget 2025 would invest $225 million over three years for school projects across Alberta, including for planning and design of five new school projects in the north. Alberta’s government is investing in Cold Lake, Fairview, Grand Prairie and two schools in Fort McMurray. In Cold Lake, a new school will replace the Art Smith Aviation Academy, North Star Elementary School and Cold Lake Junior High. An addition to the Grande Prairie Composite High School will make room for more students in the community, while families in Fairview can look forward to new schools to replace existing and aging ones. In Fort McMurray, families can look forward to an addition to Holy Trinity Catholic High School and a modernization of École Dickinsfield School which will accommodate growing student populations.

    “Budget 2025, if passed, will provide five new schools and the teachers and staff needed to support them to northern Alberta communities. Alberta’s government remains committed to providing a world-class education to students in every corner of the province.”

    Demetrios Nicolaides, Minister of Education

    Health:

    If passed, Budget 2025 includes $15 million in planning funds for eight new urgent care centres, including in Cold Lake and Fort McMurray. It also includes an increase of $12 million for the existing Rural Remote Northern Program and $12 million annually for physician support programs. Alberta’s government is also upgrading hospitals and facilities across the province and is investing in innovation to make Alberta an in-demand destination for researchers. Capital projects include $80 million over three years for the La Crete Maternity and Community Health Centre, and $18 million over two years to fund furnishings, equipment and IT infrastructure for the new Mountview Health Complex in the town of Beaverlodge, as well as a $170-million capital lease to operate the new facility. Additionally, Budget 2025 includes funding to complete the expansion of the town of Slave Lake’s EMS station.

    “Budget 2025 prioritizes the health of people in northern Alberta with investments in urgent care centres and vital infrastructure upgrades. These initiatives will help strengthen communities, improve access to care and support sustainable growth across the region.”

    Adriana LaGrange, Minister of Health

    Transportation and Economic Corridors:

    If passed, Budget 2025 also includes funding for multiple highways and bridges, with funding already announced earlier this month. Alberta’s northern communities are vital to our province’s identity and success, and that is why Budget 2025 invests $1.25 billion in the north to expand emergency routes in northern Alberta – because when disaster strikes, every second counts.

    “Alberta’s rapid growth demands bold action. That’s why we are making historic investments in transportation and water infrastructure to keep our communities thriving, businesses competitive and families supported. These projects will create jobs, boost trade and ensure Alberta remains the best place to live, work and build a future.”

    Devin Dreeshen, Minister of Transportation and Economic Corridors

    Advanced Education:

    If passed, Budget 2025 also invests $2 million in 2025-26 for the expansion and upgrades of Keyano College in Fort McMurray to provide an enhanced learning environment for in-demand programs like nursing and paramedicine to help address labour needs in Alberta’s health care system. Budget 2025 also invests $1 million towards planning for the skilled trades expansion at Northwestern Polytechnic in Grande Prairie, which will help meet demand for skilled tradespeople to build Alberta’s growing economy. Further, Budget 2025 allocates a total of almost $9 million for capital maintenance and renewal projects at the following northern Alberta post-secondary institutions:

    • Athabasca University
    • Keyano College
    • Lakeland College
    • Northern Lakes College
    • Portage College
    • Northwestern Polytechnic

    “Alberta’s government is ensuring students in northern Alberta and across the province have access to high-quality post-secondary education. That is why we are making significant investments in northern Alberta through Budget 2025 that will upgrade facilities and create more seats in high-demand programs.”

    Rajan Sawhney, Minister of Advanced Education

    Other Supports:

    As extra support for the 2024-2025 Northern and Regional Economic Development (NRED) program, Alberta’s government is pleased to announce an additional $7 million will be allocated towards last year’s grant intake. For 2024-25, NRED will provide over 80 grants worth approximately $10 million.

    “The Northern and Regional Economic Development grant supports business growth in Fort McMurray Wood Buffalo. More than 100 local businesses have benefited from programs funded through this grant so far – and we’re very excited to continue the success in 2025.”

    Melonie Doucette, director of entrepreneurship and innovation, Fort McMurray Wood Buffalo Economic Development and Tourism

    “The 2025 Alberta provincial budget provides continuing support for the work of regional economic development and continues to support the growth of rural Alberta. Investments in infrastructure are key to ensure our commodities move to market and our rural economy continues to grow and provide for the needs of all Albertans today and into the future.”

    Gerald S. Aalbers, mayor, City of Lloydminster and chair, Northeast Alberta Information HUB

    “The province’s investment in northern Alberta is good news for supporting the region’s continued economic growth and acknowledging the unique difficulties of maintaining infrastructure and delivering services in the rural north. Rural Municipalities of Alberta (RMA) is hopeful that government will work with the region’s rural municipalities to ensure the investments are targeted for maximum community and regional benefit.”

    Kara Westerlund, president, RMA

    Through strategic investments in the north, Alberta’s government is tackling challenges head-on, laying the foundation for long-term prosperity and success.

    Budget 2025 is meeting the challenge faced by Alberta communities with continued investments in education and health, lower taxes for families and a focus on the economy.

    Quick facts:

    If passed, Budget 2025 invests:

    • $264 million in new funding for highway projects across northern Alberta, including:
      • Paving Highway 58 to improve mobility for more than 5,500 local residents, boost economic activity and allow unimpeded access for emergency vehicles.
      • Paving Highway 686 between Peerless Lake and Trout Lake and commencing design work to extend the highway from Fort McMurray to Peerless Lake.
      • Detailed design work to improve safety on Highway 28, a critical transportation route serving the Cold Lake oil sands deposits and the Cold Lake 4th Wing Air Base.
    • $225 million over three years for school projects across Alberta, including for planning and design of five new school projects in the north
    • $189 million over three years for the Beaverlodge Health Centre replacement
    • $111 million is being provided for affordability and wage-top-up grants to child care operators in northern Alberta.
    • $101 million over three years to twin Highway 63 North of Fort McMurray
    • $87 million over three years for the La Crete bridge
    • $80 million over three years for the La Crete Maternity and Community Health Centre
    • $2 million in 2025-26 for the expansion and upgrades of Keyano College in Fort McMurray to provide an enhanced learning environment for in-demand programs like nursing and paramedicine to help address labour needs in Alberta’s health care system.

    Related information

    • NRED Program
    • NADB
    • Northern Alberta Development Council (NADC)
    • Film and Television Tax Credit

    Related news

    • Enhancing safety and economic growth in the north (March 4, 2025)
    • Cultivating economic growth in rural Alberta (May 3, 2024)

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

    March 19, 2025
  • MIL-OSI: Univest Securities, LLC Announces Closing of $12 Million Best Efforts Offering for its Client Bon Natural Life Limited (NASDAQ: BON)

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, March 18, 2025 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of Best Efforts Offering (the “Offering”) for its client Bon Natural Life Limited (NASDAQ: BON) (the “Company”), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries.

    The offering of ordinary units (or pre-funded units in lieu of such ordinary units) comprised of 8,333,332 shares of the Company’s Class A ordinary shares (or pre-funded warrants in lieu of Class A ordinary shares for the pre-funded units), Series A Warrants to purchase one Class A ordinary shares at an exercise price of $1.44 per share (the “Series A Warrants”) and Series B Warrants to purchase Class A ordinary shares at an exercise price of $2.16 per share (the “Series B Warrants” and, together with the Series A Warrants, the “Warrants”). The pre-funded warrant will be exercisable immediately upon issuance and will expire when exercised in full. The Warrants will be immediately exercisable upon issuance and will expire on the three-year anniversary of their initial exercise date.

    The purchase price of each ordinary unit will be $1.44, and the purchase price of each pre-funded unit will be equal to such price minus $0.001.

    The aggregate gross proceeds to the Company was approximately $12 million, before deducting placement agent fees and other estimated expenses payable by the Company. The Company intends to use the net proceeds from this offering for sales network expansion, research and development, production capacity expansion, and working capital and other general corporate purposes.

    Univest Securities, LLC acted as the sole placement agent.

    The securities described above are being offered by the Company pursuant to a registration statement on Form F-1 (File No. 333-283333), as amended, previously filed and declared effective by the Securities and Exchange Commission (the “SEC”). A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Univest Securities, LLC

    Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us.

    About Bon Natural Life Limited

    BON is a Cayman Islands company engaged in the business of natural, health, and personal care industries. For more information, please visit http://www.bnlus.com.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Univest Securities, LLC
    Edric Guo
    Chief Executive Officer
    75 Rockefeller Plaza, Suite 18C
    New York, NY 10019
    Phone: (212) 343-8888
    Email: info@univest.us

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Micron Innovates From the Data Center to the Edge With NVIDIA

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — GTC 2025 — Secular growth of AI is built on the foundation of high-performance, high-bandwidth memory solutions. These high-performing memory solutions are critical to unlock the capabilities of GPUs and processors. Micron Technology, Inc. (Nasdaq: MU), today announced it is the world’s first and only memory company shipping both HBM3E and SOCAMM (small outline compression attached memory module) products for AI servers in the data center. This extends Micron’s industry leadership in designing and delivering low-power DDR (LPDDR) for data center applications.

    Micron’s SOCAMM, a modular LPDDR5X memory solution, was developed in collaboration with NVIDIA to support the NVIDIA GB300 Grace™ Blackwell Ultra Superchip. The Micron HBM3E 12H 36GB is also designed into the NVIDIA HGX™ B300 NVL16 and GB300 NVL72 platforms, while the HBM3E 8H 24GB is available for the NVIDIA HGX B200 and GB200 NVL72 platforms. The deployment of Micron HBM3E products in NVIDIA Hopper and NVIDIA Blackwell systems underscores Micron’s critical role in accelerating AI workloads.

    Think AI, think memory, think Micron
    At GTC 2025, Micron will showcase its complete AI memory and storage portfolio to fuel AI from the data center to the edge, highlighting the deep alignment between Micron and its ecosystem partners. Micron’s broad portfolio includes HBM3E 8H 24GB and HBM3E 12H 36GB, LPDDR5X SOCAMMs, GDDR7 and high-capacity DDR5 RDIMMs and MRDIMMs. Additionally, Micron offers an industry-leading portfolio of data center SSDs and automotive and industrial products such as UFS4.1, NVMe® SSDs and LPDDR5X, all of which are suited for edge compute applications.

    “AI is driving a paradigm shift in computing, and memory is at the heart of this evolution. Micron’s contributions to the NVIDIA Grace Blackwell platform yields significant performance and power-saving benefits for AI training and inference applications,” said Raj Narasimhan, senior vice president and general manager of Micron’s Compute and Networking Business Unit. “HBM and LP memory solutions help unlock improved computational capabilities for GPUs.”

    SOCAMM: a new standard for AI memory performance and efficiency
    Micron’s SOCAMM solution is now in volume production. The modular SOCAMM solution enables accelerated data processing, superior performance, unmatched power efficiency and enhanced serviceability to provide high-capacity memory for increasing AI workload requirements.

    Micron SOCAMM is the world’s fastest, smallest, lowest-power and highest capacity modular memory solution,1 designed to meet the demands of AI servers and data-intensive applications. This new SOCAMM solution enables data centers to get the same compute capacity with better bandwidth, improved power consumption and scaling capabilities to provide infrastructure flexibility.

    • Fastest: SOCAMMs provide over 2.5 times higher bandwidth at the same capacity when compared to RDIMMs, allowing faster access to larger training datasets and more complex models, as well as increasing throughput for inference workloads.2
    • Smallest: At 14x90mm, the innovative SOCAMM form factor occupies one-third of the size of the industry-standard RDIMM form factor, enabling compact, efficient server design.3
    • Lowest power: Leveraging LPDDR5X memory, SOCAMM products consume one-third the power compared to standard DDR5 RDIMMs, inflecting the power performance curve in AI architectures.4
    • Highest capacity: SOCAMM solutions use four placements of 16-die stacks of LPDDR5X memory to enable a 128GB memory module, offering the highest capacity LPDDR5X memory solution, which is essential for advancements towards faster AI model training and increased concurrent users for inference workloads.  
    • Optimized scalability and serviceability: SOCAMM’s modular design and innovative stacking technology improve serviceability and aid the design of liquid-cooled servers. The enhanced error correction feature in Micron’s LPDDR5X with data center-focused test flows, provides an optimized memory solution designed for the data center.

    Industry-leading HBM solutions
    Micron continues its competitive lead in the AI industry by offering 50% increased capacity over the HBM3E 8H 24GB within the same cube form factor.5 Additionally, the HBM3E12H 36GB provides up to 20% lower power consumption compared to the competition’s HBM3E 8H 24GB offering, while providing 50% higher memory capacity.6

    By continuing to deliver exceptional power and performance metrics, Micron aims to maintain its technology momentum as a leading AI memory solutions provider through the launch of HBM4. Micron’s HBM4 solution is expected to boost performance by over 50% compared to HBM3E.7

    Complete memory and storage solutions designed for AI from the data center to the edge
    Micron also has a proven portfolio of storage products designed to meet the growing demands of AI workloads. Advancing storage technology in performance and power efficiency at the speed of light requires tight collaboration with ecosystem partners to ensure interoperability and a seamless customer experience. Micron delivers optimized SSDs for AI workloads such as: inference, training, data preparation, analytics and data lakes. Micron will be showcasing the following storage solutions at GTC:

    • High-performance Micron 9550 NVMe and Micron 7450 NVMe SSDs included on the GB200 NVL72 recommended vendor list.
    • Micron’s PCIe Gen6 SSD, demonstrating over 27GB/s of bandwidth in successful interoperability testing with leading PCIe switch and retimer vendors, driving the industry to this new generation of flash storage.
    • Storing more data in less space is essential to get the most out of AI data centers. The Micron 61.44TB 6550 ION NVMe SSD is the drive of choice for bleeding-edge AI cluster exascale storage solutions, by delivering over 44 petabytes of storage per rack,8 14GB/s and 2 million IOPs per drive inside a 20-watt footprint.

    As AI and generative AI expand and are integrated on-device at the edge, Micron is working closely with key ecosystem partners to deliver innovative solutions for AI for automotive, industrial and consumer. In addition to high performance requirements, these applications require enhanced quality, reliability and longevity requirements for application usage models.

    • One example of this type of ecosystem collaboration is the integration of Micron LPDDR5X on the NVIDIA DRIVE AGX Orin platform. This combined solution provides increased processing performance and bandwidth while also reducing power consumption.
    • By utilizing Micron’s 1β (1-beta) DRAM node, LPDDR5X memory meets automotive and industrial requirements and offers higher speeds up to 9.6 Gbps and increased capacities from 32Gb to 128Gb to support higher bandwidth.
    • Additionally, Micron LPDDR5X automotive products support operating environments from -40 degrees Celsius up to 125 degrees Celsius to provide a wide temperature range that meets automotive quality and standards.

    Micron will exhibit its full data center memory and storage product portfolio at GTC, March 17 – 21, in booth #541.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Additional Resources: 

    About Micron Technology, Inc.
    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com. 

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Micron Media Relations Contact 
      Kelly Sasso 
      Micron Technology, Inc. 
      +1 (208) 340-2410 
      ksasso@micron.com

    ___________________
    1 Calculations based on comparing one 64GB 128-bit bus SOCAMM to two 32GB 64-bit bus RDIMMs.

    2 Calculated using transfer speeds comparing 64GB 2R 8533MT/s SOCAMM and 64GB 2Rx4 6400MT/s RDIMMs. ​

    3 Calculated area between one SOCAMM and one RDIMM​.

    4 Calculated based on power used in watts by one 128GB, 128-bit bus width SOCAMM compared to two 128GB, 128-bit bus width DDR5 RDIMMs​.

    5 Comparison based on HBM3E 36GB capacity versus HBM3E 24GB capacity when both are at the 12x10mm package size.

    6 Based on internal calculations, and customer testing and feedback for Micron HBM3E versus the competition’s HBM3E offerings.

    7 Calculated bandwidth by comparing HBM4 and HBM3E specifications.

    8 Assumes 20x 61.44TB E3.S SSDs in a 1U server with 20x E3.S slots available for storage and that 36 rack units are available for the servers in each rack.

    The MIL Network –

    March 19, 2025
  • MIL-OSI Asia-Pac: Rajya Sabha MP Thiru Ilaiyaraaja meets Prime Minister

    Source: Government of India (2)

    Posted On: 18 MAR 2025 4:54PM by PIB Delhi

    Rajya Sabha MP Thiru Ilaiyaraaja met Prime Minister, Shri Narendra Modi in New Delhi today.

    Shri Modi lauded Ilaiyaraaja’s first-ever Western classical symphony, Valiant, which was recently performed in London with the prestigious Royal Philharmonic Orchestra. Recognizing the maestro’s monumental impact on Indian and global music, Prime Minister, Shri Narendra Modi hailed Ilaiyaraaja as a “musical titan and a trailblazer,” whose work continues to redefine excellence on a global scale.

    Shri Modi said in a X post;

    “Delighted to meet Rajya Sabha MP Thiru Ilaiyaraaja Ji, a musical titan whose genius has a monumental impact on our music and culture. 

    He is a trailblazer in every sense and he made history yet again by presenting his first-ever Western classical symphony, Valiant, in London a few days ago. This performance was accompanied by the world-renowned Royal Philharmonic Orchestra. This momentous feat marks yet another chapter in his unparalleled musical journey—one that continues to redefine excellence on a global scale.

    @ilaiyaraaja”

     

    Delighted to meet Rajya Sabha MP Thiru Ilaiyaraaja Ji, a musical titan whose genius has a monumental impact on our music and culture.

    He is a trailblazer in every sense and he made history yet again by presenting his first-ever Western classical symphony, Valiant, in London a… pic.twitter.com/u2WARcbrQD

    — Narendra Modi (@narendramodi) March 18, 2025

     

    ***

    MJPS/ST

    (Release ID: 2112324) Visitor Counter : 90

    MIL OSI Asia Pacific News –

    March 19, 2025
  • MIL-OSI: Aterian Announces Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    SUMMIT, N.J., March 18, 2025 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”), a technology-enabled consumer products company, announced today that its Board of Directors has authorized a share repurchase program of up to $3.0 million of the Company’s common stock for a period of two years ending March 18, 2027.

    “The Board’s decision reflects our collective confidence in the Company’s future, the strength and flexibility of our financial profile, and our commitment to shareholders. We firmly believe that Aterian’s stock is significantly undervalued, and this repurchase program underscores our conviction in the long-term value we are creating,” said Arturo Rodriguez, Chief Executive Officer. “Over the last 18 months, we have made substantial progress in positioning Aterian for sustainable growth beginning in 2025. While our capital allocation strategy will continue to support these growth initiatives, our improved outlook and strong balance sheet give us the confidence to return capital directly to our shareholders via this share repurchase plan.”    

    Purchases under the plan may be made from time to time, through various means as the Company deems appropriate, including open market transactions, block purchases, privately negotiated transactions or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Purchases will be based on a variety of factors such as price, capital position, liquidity, financial performance, alternative uses of capital, and overall market conditions. There can be no assurance as to the number of shares the Company will purchase, if any. The share repurchase program may be increased or otherwise modified, renewed, suspended or terminated by the Company at any time, without prior notice.

    About Aterian, Inc.
    Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that builds and acquires leading e-commerce brands with top selling consumer products, in multiple categories, including home and kitchen appliances, health and wellness and air quality devices. The Company sells across the world’s largest online marketplaces with a focus on Amazon, Walmart and Target in the U.S. and on its own direct to consumer websites. Our primary brands include Squatty Potty, hOmeLabs, Mueller Living, PurSteam, Healing Solutions and Photo Paper Direct. To learn more about Aterian and its brands, visit aterian.io

    Forward Looking Statements
    All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, statements relating to the Company’s share repurchase program, including timing of and actual number of the shares to be repurchased, the method of share repurchase, the funding source of the share repurchases and the Company’s ability to repurchase shares while maintaining sufficient cash resources to advance its growth strategies, our expectations for growth in 2025, and our capital allocation strategies.

    These forward-looking statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to our ability to continue as a going concern, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team’s expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to consumer demand, our cash flows, financial condition, forecasting and revenue growth rate; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies and our ability to integrate such companies and technologies with our business; our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage; and other factors discussed in the “Risk Factors” section of our most recent periodic reports filed with the Securities and Exchange Commission (“SEC”), all of which you may obtain for free on the SEC’s website at www.sec.gov.

    Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    Contact: 
    The Equity Group

    Devin Sullivan
    Managing Director
    dsullivan@equityny.com

    Conor Rodriguez
    Associate
    crodriguez@equityny.com

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Magnite Successfully Completes Second Term Loan Repricing

    Source: GlobeNewswire (MIL-OSI)

    Reduces Interest Rate by an Additional 75 Basis Points

    Over $2.7 Million in Yearly Interest Payment Savings

    NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company, today announced the second successful repricing of its $363 million senior secured term loan facility (Term Loan) due February 2031.

    The repricing reduces the interest rate by 75 basis points to Term SOFR + 3.00% from the previous rate of Term SOFR + 3.75% and will result in yearly interest savings of over $2.7 million. The interest rate improvement represents a cumulative reduction of 200 basis points compared to the rate prior to the refinancing of the Term Loan in February of 2024. There are no changes to the maturity of the Term Loan following this repricing, and all other terms are substantially unchanged.

    About Magnite

    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    Investor Relations Contact
    Nick Kormeluk
    (949) 500-0003
    nkormeluk@magnite.com

    The MIL Network –

    March 19, 2025
  • MIL-OSI USA: Welch Convenes International Business Leaders near Northern Border to Discuss Impacts of Trump’s Trade War 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    Welch: “I’m very disturbed about what is happening…how it’s affecting our families here in Vermont, how it’s affecting our businesses here in Vermont, and how it’s affecting the mutual cooperation that we had the blessing of enjoying for generations—between us and Canada. I am opposed to tariffs against our Canadian allies.”
    NEWPORT, VT — Today, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, convened Vermont and Canadian business leaders for a roundtable in Newport, Vermont —near the U.S.-Canada border—to discuss President Trump’s Trade War and how the Trump Administration’s reckless tariffs are hurting workers, families, and farmers.
    Senator Welch’s remarks from the beginning of the roundtable are included in-full below:  
    “We in Vermont really value both our friendship with Canadians, and our economic partnerships with Canada. I believe what’s happening here with the rhetoric from the Trump Administration and from these tariffs is very destructive—for you and for us.  
    “I don’t want to be a part of it. I want to be a part of doing everything we can to maintain the very cordial, friendly, economically mutually-beneficial relationships that we have. I can understand an appropriate place for a tariff, and Canada can make its own decisions about where it would be appropriate for you to have a tariff. I cannot think of why we would be having a tariff or trade war with our best neighbor. Your environmental standards — your labor standards — match or exceed ours, and that’s really important to you and it’s important to us.  
    “What I’m seeing with the tariffs is that they’re being imposed in a very arbitrary way. Not to mention that they’re on again, they’re off again.  
    “Every time I speak to any anybody in business on our side (and it’s really nice that we’re going to hear from the Canadian side of the border) one of the things that’s really essential is stability. No business, and frankly no family, can deal with, ‘yes, we’re on no, we’re off.’ Nobody can do that. And it is not, in my view, good for international relationships. It’s not good for business relationships. And it’s not even good for family, where there’s constant instability. You don’t know what the rules are—they keep changing.  
    “I’m very disturbed about what is happening from [the Trump] Administration and I’m disturbed from the perspective of how it’s affecting our families here in Vermont, how it’s affecting our businesses here in Vermont and how it’s affecting the mutual cooperation that we had the blessing of enjoying for generations, between us and Canada. I am opposed to tariffs against our Canadian allies. 
    “That’s just to set the stage of where I’m coming from, and it’s why I am so grateful that we have this joint meeting where we can talk about the real problems that are caused as a result of these tariffs. And mobilize as much support as we can to renewing that friendship, that business relationship, that economic relationship that we’ve had. So, thank you all for coming and [the Hon. Marie-Claude] Bibeau, I’m so, so delighted that you’re here. I want to turn it over to you after I expressed my gratitude for all the work you’ve done and your willingness to be here deep in the south reaches of Newport, Vermont.”
    Photos of the event are included below:
    Senator Welch was joined by the Hon. Marie-Claude Bibeau, Member of Parliament for Compton-Stanstead, and Vermont and Canadian business owners. Attendees included representatives from Newport Downtown Development; Built By Newport; Columbia Forest Products; Kingdom Brewing; Morrison Custom Feeds, Inc.; Kingdom Trails Association; Hill Farmstead Brewery; Vermont Brewers Association; Vermont Agency of Commerce and Community Development; Northeastern Vermont Development Association; Caledonia Spirits; Vermont Maple Sugar Makers Association; Judd’s Wayeeses Farm; Khrome Product-Transport; Weidmann Electrical Technology; TRACK, Inc.; Larue; Motrec International; UTV Internationale; Ville de Sherbrooke; and the Sherbrooke Chamber of Commerce.  
    Nearly half of all U.S. imports—more than $1.3 trillion—come from Canada, China, and Mexico. Canada is the largest trading partner for 34 U.S. states, including Vermont. In 2024 alone, trade with Canada accounted for 35% of Vermont exports, 67% of our imports, and 56% of its total trade. One in four businesses in Vermont relies on trade with Canada.  
    In many cases, Vermont manufacturers buy imports from Canada to manufacture into products. Tariffs on Canada threaten business closures and job layoffs, higher homebuilding costs, increased costs of grain for farmers, and more expensive equipment for maple producers—among other costs that will get passed on to working families. 
    Senator Welch has blasted Trump’s tariffs and trade war, and shared stories from constituents about how President Trump’s economic policies have impacted their businesses, farms, and communities. This event follows a roundtable Senator Welch held in St. Albans in January and virtually in February where he heard from businesses and state and local leaders about the President’s threats to reignite a trade war. 
    Vermonters are invited to share how these tariffs will impact their lives and businesses by sharing their story on Senator Welch’s website. 

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI Asia-Pac: WAVEX 2025: A Game-Changer for Media & Entertainment Startups

    Source: Government of India (2)

    WAVEX 2025: A Game-Changer for Media & Entertainment Startups

    Startups to Pitch Ideas to Venture Capitalists/Angel Investors at WAVEX 2025

    WAVEX 2025 Opens Doors for Startups to Secure Investment & Visibility

    Posted On: 18 MAR 2025 6:11PM by PIB Mumbai

    Mumbai, 18th March 2025

    Union Ministry of Information & Broadcasting (MIB) has launched WAVEX 2025, a pioneering initiative aimed at funding and providing national exposure to startups in the media and entertainment sector. Organised in collaboration with the Internet and Mobile Association of India (IAMAI), WAVEX 2025 will take place at Jio World Convention Centre, Mumbai, as part of the World Audio-Visual Entertainment Summit (WAVES) which is scheduled to be held from 01st to 04th May, 2025 in Mumbai.

    WAVEX 2025 will act as a catalyst for Indian startups to lead this transformation, ensuring they receive the right exposure, and investment, to scale their businesses. Startups will have the chance to pitch their ideas to venture capitalists and celebrity angel investors in dedicated sessions, with extensive national television coverage ensuring maximum visibility.

    WAVEX 2025 focuses on gaming, animation, extended reality (XR), metaverse, generative AI, and next-generation content platforms. Beyond funding, the event offers mentorship, investor networking, and collaboration opportunities with major media and technology firms. The event will bring together entrepreneurs, venture capitalists, angel investors, and industry leaders. This exposure will not only help secure direct funding but also create broader business and collaboration opportunities. The fusion of entertainment and technology transforms how content is created, distributed, and consumed.

    WAVEX 2025 will feature two modes of investment pitching sessions. In one session, startups will pitch to venture capitalists and angel investors, while in the other, select startups will present their ideas to a pool of celebrity angel investors. The event will be extensively covered on national television, ensuring wide outreach and maximizing investment avenues for participating startups.

    Applications for WAVEX 2025 are now open, and the event will follow a multi-stage selection process culminating in a high-stakes televised finale, where the most promising startups will pitch directly to top celebrity angel investors and VCs. Selected startups may benefit from structured mentorship programs featuring industry experts, investor networking opportunities, and potential collaborations with major media and technology firms.

    WAVEX aims to strengthen India’s position as a global hub for media-tech entrepreneurship, leveraging innovation in AI-driven content, digital media, and emerging entertainment technologies. Nodal officer for WAVES from the Ministry of Information & Broadcasting highlighted that this initiative is a strategic step toward positioning India as a leader in media-tech innovation.

    As India continues to solidify its position as a global leader in digital content and technology, WAVEX 2025 presents a transformative opportunity for startups to establish themselves in the industry. Entrepreneurs seeking national exposure, funding, and top-tier mentorship can apply now at https://wavex.wavesbazaar.com/

    About WAVES

    The first World Audio Visual & Entertainment Summit (WAVES), a milestone event for the Media & Entertainment (M&E) sector, will be hosted by the Government of India in Mumbai, Maharashtra, from May 1 to 4, 2025.

    Whether you’re an industry professional, investor, creator, or innovator, the Summit offers the ultimate global platform to connect, collaborate, innovate and contribute to the M&E landscape.

    WAVES is set to magnify India’s creative strength, amplifying its position as a hub for content creation, intellectual property, and technological innovation. Industries and sectors in focus include Broadcasting, Print Media, Television, Radio, Films, Animation, Visual Effects, Gaming, Comics, Sound and Music, Advertising, Digital Media, Social Media Platforms, Generative AI, Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR).

    Have questions? Find answers here  

    Come, Sail with us! Register for WAVES now (Coming soon!).

     

    PIB TEAM WAVES 2025 | Dhanlakshmi/ Preeti Malandkar | 071

     

    Follow us on social media: @PIBMumbai     /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com   /PIBMumbai     /pibmumbai

    (Release ID: 2112412) Visitor Counter : 14

    MIL OSI Asia Pacific News –

    March 19, 2025
  • MIL-OSI: LIS Technologies Inc. Achieves TRL-4 in an Independent Technical Readiness Assessment of its Patented Laser Enrichment Technology (CRISLA)

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, March 18, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has convened a panel of independent reviewers to perform a Technology Readiness Level Assessment (TRA) of the CRISLA-3G technology at the LIST facility in Oak Ridge, TN during the week of March 11 – 13, 2025.

    The CRISLA-3G laser isotope separation technology was evaluated and determined to meet all elements required for TRL-4, conforming to the Department of Energy guide DOE G 413.3-4A. It shows that all critical components were successfully validated in a laboratory environment, supported by experimental results from the integrated system.

    The TRA Team leveraged a well-established TRA process developed and implemented by the U.S. Department of Energy (DOE) Office of Environmental Management (EM). Each Critical Technology Element (CTE) was assessed against TRL-4, TRL-5, and TRL-6 calculator elements, which address technical, manufacturing, and programmatic factors. The Technology Readiness Level (TRL) is a technology maturity system ranging from TRL-1 (basic principles observed and reported) to TRL-9 (actual system operated over full range of expected conditions). The TRL rating system was developed by NASA and DoD to evaluate the deployment readiness of a given technology and has been adopted by agencies across the federal government.

    “We are very pleased that the independent Technology Readiness Assessment team scored our TRL at 4, meeting 27 out of 27 criteria,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “Also identified were the critical technical elements (CTE’s) to progress through TRL5, 6 and 7 in the coming years. We have high confidence that we can meet all these CTEs in our roadmap to commercialization.”

    “With our interaction with the TRL assessment team, I feel reassured that our technology is moving forward in the right direction,” said Viktor Chikan, Ph.D., Co-Chief Technical Officer of LIS Technologies Inc. “In my view, the TRL assessment provides the necessary transparency for both investors and the technical team to execute on the project plan and realize the commercial enrichment facility based on CRISLA technology.”

    “This is a very important milestone for the advancement of CRISLA technology,” said Keith Everly Head of Security and IP Management of LIS Technologies Inc. “I am pleased that our self-assessment of our progress with the CRISLA technology process is in good alignment with the assessment of a qualified independent board of reviewers.”

    “The Technology Readiness Level framework is essential for guiding innovative technologies toward full-scale commercialization,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “This review of our patented CRISLA technology underscores the substantial progress LIST’s technical team has achieved in preparing the system for the demonstration activities required for TRL 5. Successfully completing those demonstration steps will be a major threshold in establishing our leadership in this space.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In 2024, LIS Technologies Inc. (Laser Isotope Separation Technologies) was selected as one of six domestic companies by the U.S. Department of Energy (DOE) to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    The MIL Network –

    March 19, 2025
  • MIL-OSI: NVIDIA Blackwell RTX PRO Comes to Workstations and Servers for Designers, Developers, Data Scientists and Creatives to Build and Collaborate With Agentic AI

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — GTC — NVIDIA today announced the NVIDIA RTX PRO™ Blackwell series — a revolutionary generation of workstation and server GPUs redefining workflows for AI, technical, creative, engineering and design professionals with breakthrough accelerated computing, AI inference, ray tracing and neural rendering technologies.

    For everything from agentic AI, simulation, extended reality, 3D design and complex visual effects to developing physical AI powering autonomous robots, vehicles and smart spaces, the RTX PRO Blackwell series provides professionals across industries the latest and greatest compute power, memory capacity and data throughput right at their fingertips — from their desktop, on the go with mobile workstations or powered by data center GPUs.

    The new lineup includes:

    • Data center GPU: NVIDIA RTX PRO 6000 Blackwell Server Edition
    • Desktop GPUs: NVIDIA RTX PRO 6000 Blackwell Workstation Edition, NVIDIA RTX PRO 6000 Blackwell Max-Q Workstation Edition, NVIDIA RTX PRO 5000 Blackwell, NVIDIA RTX PRO 4500 Blackwell and NVIDIA RTX PRO 4000 Blackwell
    • Laptop GPUs: NVIDIA RTX PRO 5000 Blackwell, NVIDIA RTX PRO 4000 Blackwell, NVIDIA RTX PRO 3000 Blackwell, NVIDIA RTX PRO 2000 Blackwell, NVIDIA RTX PRO 1000 Blackwell and NVIDIA RTX PRO 500 Blackwell

    “Software developers, data scientists, artists, designers and engineers need powerful AI and graphics performance to push the boundaries of visual computing and simulation, helping tackle incredible industry challenges,” said Bob Pette, vice president of enterprise platforms at NVIDIA. “Bringing NVIDIA Blackwell to workstations and servers will take productivity, performance and speed to new heights, accelerating AI inference serving, data science, visualization and content creation.”

    NVIDIA Blackwell Technology Comes to Workstations and Data Centers
    RTX PRO Blackwell GPUs unlock the potential of generative, agentic and physical AI by delivering exceptional performance, efficiency and scale.

    NVIDIA RTX PRO Blackwell GPUs feature:

    • NVIDIA Streaming Multiprocessor: Offers up to 1.5x faster throughput and new neural shaders that integrate AI inside of programmable shaders to drive the next decade of AI-augmented graphics innovations.
    • Fourth-Generation RT Cores: Delivers up to 2x the performance of the previous generation to create photoreal, physically accurate scenes and complex 3D designs with optimizations for NVIDIA RTX™ Mega Geometry.
    • Fifth-Generation Tensor Cores: Delivers up to 4,000 AI trillion operations per second and adds support for FP4 precision and NVIDIA DLSS 4 Multi Frame Generation, enabling a new era of AI-powered graphics and the ability to run and prototype larger AI models faster.
    • Larger, Faster GDDR7 Memory: Boosts bandwidth and capacity — up to 96GB for workstations and servers and up to 24GB on laptops. This enables applications to run faster and work with larger, more complex datasets for everything from tackling massive 3D and AI projects to exploring large-scale virtual reality environments.
    • Ninth-Generation NVIDIA NVENC: Accelerates video encoding speed and improves quality for professional video applications with added support for 4:2:2 encoding.
    • Sixth-Generation NVIDIA NVDEC: Provides up to double the H.264 decoding throughput and offers support for 4:2:2 H.264 and HEVC decode. Professionals can benefit from high-quality video playback, accelerate video data ingestion and use advanced AI-powered video editing features.
    • Fifth-Generation PCIe: Support for fifth-generation PCI Express provides double the bandwidth over the previous generation, improving data transfer speeds from CPU memory and unlocking faster performance for data-intensive tasks.
    • DisplayPort 2.1: Drives high-resolution displays at up to 4K at 480Hz and 8K at 165Hz. Increased bandwidth enables seamless multi-monitor setups, while high dynamic range and higher color depth support deliver more precise color accuracy for tasks like video editing, 3D design and live broadcasting.
    • Multi-Instance GPU (MIG): The RTX PRO 6000 data center and desktop GPUs and 5000 series desktop GPUs feature MIG technology, enabling secure partitioning of a single GPU into up to four instances (6000 series) or two instances (5000 series). Fault isolation is designed to prevent workload interference for secure, efficient resource allocation for diverse workloads, maximizing performance and flexibility.

    The new laptop GPUs also support the latest NVIDIA Blackwell Max-Q technologies, which intelligently and continually optimize laptop performance and power efficiency with AI.

    With neural rendering and AI-augmented tools, NVIDIA RTX PRO Blackwell GPUs enable the creation of stunning visuals, digital twins of real-world environments and immersive experiences with unprecedented speed and efficiency. The GPUs are built to elevate 3D computer-aided design and building information model workflows, offering designers and engineers exceptional performance for complex modeling, rendering and visualization.

    Designed for enterprise data center deployments, the RTX PRO 6000 Blackwell Server Edition features a passively cooled thermal design and can be configured with up to eight GPUs per server. For workloads that require the compute density and scale that data centers offer, the RTX PRO 6000 Blackwell Server Edition delivers powerful performance for next-generation AI, scientific and visual computing applications across industries such as healthcare, manufacturing, retail and media and entertainment.

    In addition, this powerful data center GPU can be combined with NVIDIA vGPU™ software to power AI workloads across virtualized environments and deliver high-performance virtual workstation instances to remote users. NVIDIA vGPU support for the NVIDIA RTX PRO 6000 Blackwell Server Edition GPU is expected in the latter half of this year.

    “Foster + Partners has tested the NVIDIA RTX PRO 6000 Blackwell Max-Q Workstation Edition GPU on Cyclops, our GPU-based ray-tracing product,” said Martha Tsigkari, head of applied research and development and senior partner at Foster + Partners. “The new NVIDIA Blackwell GPU has managed to outperform everything we have tested before. For example, when using it with Cyclops, it has performed at 5x the speed of NVIDIA RTX A6000 GPUs. Rendering speeds also increased 5x, allowing tools like Cyclops to provide feedback on how well our design solutions perform in real time as we design them and resulting in intuitive yet informed decision-making from early conceptual stages.”

    “Early evaluation of the RTX PRO 6000 Blackwell technology by GE HealthCare’s engineering team has found the potential for up to 2x GPU processing time improvement on reconstruction algorithms, which could lead to significant benefit to customers,” said Rekha Ranganathan, senior executive and general manager of platforms and digital solutions at GE HealthCare.

    “NVIDIA RTX PRO 6000 Blackwell Workstation Edition GPUs enable incredibly sharp and photorealistic graphics,” said Jeff Hammoud, chief design officer at Rivian. “In conjunction with a Varjo XR4 headset and Autodesk VRED, the system delivered the level of crispness necessary for immersive automotive design reviews. With NVIDIA Blackwell support for PCIe Gen 5, we used two powerful 600W GPUs via VR SLI, allowing us to achieve the highest pixel density and the most stunning visuals we have ever experienced in VR.”

    “The 96GB memory and massive AI processing power in the NVIDIA RTX PRO 6000 Blackwell Workstation Edition GPU has boosted our productivity up to 3x with AI models like Llama 3.3-70B and Mixtral 8x7b, the NVIDIA Omniverse platform and industrial copilots,” said Shaun Greene, director of industry solutions at SoftServe. “We’ve seen immediate performance improvements and, using workstations, can now handle AI workloads that were previously only possible in the cloud or on rack servers — unlocking new possibilities for interactive demos and production workloads in retail, manufacturing and industrial edge applications.”

    RTX PRO GPUs run on the NVIDIA AI platform and feature larger memory capacity and the latest Tensor Cores to accelerate a deep ecosystem of AI-accelerated applications built on NVIDIA CUDA® and RTX technology. With everything from the latest AI-based content creation tools and new reasoning models, such as the NVIDIA Llama Nemotron Reason family of models and NVIDIA NIM™ microservices unveiled today, inferencing is faster than ever. And with over 400 NVIDIA CUDA-X™ libraries, developers can easily build, optimize, deploy and scale new AI applications, from workstations to the data center or cloud.

    Enterprises can fast-track their AI development and deployments by prototyping locally with an NVIDIA RTX PRO GPU and the NVIDIA Omniverse™ and NVIDIA AI Enterprise platforms, NVIDIA Blueprints and NVIDIA NIM, which gives access to easy-to-use inference microservices backed by enterprise-level support. They can also run these applications at scale on the ultimate universal data center GPU for AI and visual computing, delivering breakthrough acceleration for the most demanding compute-intensive enterprise workloads with the RTX PRO 6000 Blackwell Server Edition.

    Availability
    The NVIDIA RTX PRO 6000 Blackwell Server Edition will soon be available in server configurations from leading data center system partners including Cisco, Dell Technologies, Hewlett Packard Enterprise, Lenovo and Supermicro.

    Cloud service providers and GPU cloud providers including AWS, Google Cloud, Microsoft Azure and CoreWeave will be among the first to offer instances powered by the NVIDIA RTX PRO 6000 Blackwell Server Edition later this year. In addition, the server edition GPU will be available in data center platforms from ASUS, GIGABYTE, Ingrasys, Quanta Cloud Technology (QCT) and other global system partners.

    The NVIDIA RTX PRO 6000 Blackwell Workstation Edition and NVIDIA RTX PRO 6000 Blackwell Max-Q Workstation Edition will be available through global distribution partners such as PNY and TD SYNNEX starting in April, with availability from manufacturers, such as BOXX, Dell, HP Inc., Lambda and Lenovo, starting in May.

    The NVIDIA RTX PRO 5000, RTX PRO 4500 and RTX PRO 4000 Blackwell GPUs will be available in the summer from BOXX, Dell, HP and Lenovo and through global distribution partners.

    NVIDIA RTX PRO Blackwell laptop GPUs will be available from Dell, HP, Lenovo and Razer starting later this year.

    To learn more about the NVIDIA RTX PRO Blackwell GPUs, watch the GTC keynote and register to attend sessions from NVIDIA and industry leaders at the show, which runs through March 21. Plus, explore extended-reality demos running on RTX PRO Blackwell GPUs at the XR Pavilion at The Tech Interactive museum.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Pearlina Boc
    NVIDIA Corporation
    +1-562-275-5781
    pboc@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, and performance of NVIDIA’s products, services, and technologies; third parties adopting or offering NVIDIA’s products and technologies; and bringing Blackwell to workstations and servers taking productivity, performance and speed to new heights, accelerating AI inference serving, data science, visualization and content creation are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, CUDA, CUDA-X, NVIDIA NIM, NVIDIA Omniverse, NVIDIA RTX, NVIDIA RTX PRO and vGPU are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/155918f9-2121-4220-9f20-6b968e34a460

    The MIL Network –

    March 19, 2025
  • MIL-OSI: NVIDIA Announces Isaac GR00T N1 — the World’s First Open Humanoid Robot Foundation Model — and Simulation Frameworks to Speed Robot Development

    Source: GlobeNewswire (MIL-OSI)

    • Now Available, Fully Customizable Foundation Model Brings Generalized Skills and Reasoning to Humanoid Robots
    • NVIDIA, Google DeepMind and Disney Research Collaborate to Develop Next-Generation Open-Source Newton Physics Engine
    • New Omniverse Blueprint for Synthetic Data Generation and Open-Source Dataset Jumpstart Physical AI Data Flywheel

    SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — GTC — NVIDIA today announced a portfolio of technologies to supercharge humanoid robot development, including NVIDIA Isaac GR00T N1, the world’s first open, fully customizable foundation model for generalized humanoid reasoning and skills.

    The other technologies include simulation frameworks and blueprints such as the NVIDIA Isaac GR00T Blueprint for generating synthetic data, as well as Newton, an open-source physics engine — under development with Google DeepMind and Disney Research — purpose-built for developing robots.

    Available now, GR00T N1 is the first of a family of fully customizable models that NVIDIA will pretrain and release to worldwide robotics developers — accelerating the transformation of industries challenged by global labor shortages estimated at more than 50 million people.

    “The age of generalist robotics is here,” said Jensen Huang, founder and CEO of NVIDIA. “With NVIDIA Isaac GR00T N1 and new data-generation and robot-learning frameworks, robotics developers everywhere will open the next frontier in the age of AI.”

    GR00T N1 Advances Humanoid Developer Community
    The GR00T N1 foundation model features a dual-system architecture, inspired by principles of human cognition. “System 1” is a fast-thinking action model, mirroring human reflexes or intuition. “System 2” is a slow-thinking model for deliberate, methodical decision-making.

    Powered by a vision language model, System 2 reasons about its environment and the instructions it has received to plan actions. System 1 then translates these plans into precise, continuous robot movements. System 1 is trained on human demonstration data and a massive amount of synthetic data generated by the NVIDIA Omniverse™ platform.

    GR00T N1 can easily generalize across common tasks — such as grasping, moving objects with one or both arms, and transferring items from one arm to another — or perform multistep tasks that require long context and combinations of general skills. These capabilities can be applied across use cases such as material handling, packaging and inspection.

    Developers and researchers can post-train GR00T N1 with real or synthetic data for their specific humanoid robot or task.

    In his GTC keynote, Huang demonstrated 1X’s humanoid robot autonomously performing domestic tidying tasks using a post-trained policy built on GR00T N1. The robot’s autonomous capabilities are the result of an AI training collaboration between 1X and NVIDIA.

    “The future of humanoids is about adaptability and learning,” said Bernt Børnich, CEO of 1X Technologies. “NVIDIA’s GR00T N1 model provides a major breakthrough for robot reasoning and skills. With a minimal amount of post-training data, we were able to fully deploy on NEO Gamma — furthering our mission of creating robots that are not tools, but companions that can assist humans in meaningful, immeasurable ways.”

    Among the additional leading humanoid developers worldwide with early access to GR00T N1 are Agility Robotics, Boston Dynamics, Mentee Robotics and NEURA Robotics.

    NVIDIA, Google DeepMind and Disney Research Focus on Physics
    NVIDIA announced a collaboration with Google DeepMind and Disney Research to develop Newton, an open-source physics engine that lets robots learn how to handle complex tasks with greater precision.

    Built on the NVIDIA Warp framework, Newton will be optimized for robot learning and compatible with simulation frameworks such as Google DeepMind’s MuJoCo and NVIDIA Isaac™ Lab. Additionally, the three companies plan to enable Newton to use Disney’s physics engine.

    Google DeepMind and NVIDIA are collaborating to develop MuJoCo-Warp, which is expected to accelerate robotics machine learning workloads by more than 70x and will be available to developers through Google DeepMind’s MJX open-source library, as well as through Newton.

    Disney Research will be one of the first to use Newton to advance its robotic character platform that powers next-generation entertainment robots, such as the expressive Star Wars-inspired BDX droids that joined Huang on stage during his GTC keynote.

    “The BDX droids are just the beginning. We’re committed to bringing more characters to life in ways the world hasn’t seen before, and this collaboration with Disney Research, NVIDIA and Google DeepMind is a key part of that vision,” said Kyle Laughlin, senior vice president at Walt Disney Imagineering Research & Development. “This collaboration will allow us to create a new generation of robotic characters that are more expressive and engaging than ever before — and connect with our guests in ways that only Disney can.”

    NVIDIA and Disney Research, along with Intrinsic, announced an additional collaboration to build OpenUSD pipelines and best practices for robotics data workflows.

    More Data to Advance Robotics Post-Training
    Large, diverse, high-quality datasets are critical for robot development but costly to capture. For humanoids, real-world human demonstration data is limited by a person’s 24-hour day.

    Announced today, the NVIDIA Isaac GR00T Blueprint for synthetic manipulation motion generation helps address this challenge. Built on Omniverse and NVIDIA Cosmos Transfer world foundation models, the blueprint lets developers generate exponentially large amounts of synthetic motion data for manipulation tasks from a small number of human demonstrations.

    Using the first components available for the blueprint, NVIDIA generated 780,000 synthetic trajectories — the equivalent of 6,500 hours, or nine continuous months, of human demonstration data — in just 11 hours. Then, combining the synthetic data with real data, NVIDIA improved GR00T N1’s performance by 40%, compared with using only real data.

    To further equip the developer community with valuable training data, NVIDIA is releasing the GR00T N1 dataset as part of a larger open-source physical AI dataset — also announced at GTC and now available on Hugging Face.

    Availability
    NVIDIA GR00T N1 training data and task evaluation scenarios are now available for download from Hugging Face and GitHub. The NVIDIA Isaac GR00T Blueprint for synthetic manipulation motion generation is also now available as an interactive demo on build.nvidia.com or to download from GitHub.

    The NVIDIA DGX Spark personal AI supercomputer, also announced today at GTC, provides developers a turnkey system to expand GR00T N1’s capabilities for new robots, tasks and environments without extensive custom programming.

    The Newton physics engine is expected to be available later this year.

    Learn more by watching the NVIDIA GTC keynote and register to attend key Humanoid Developer Day sessions, including:

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Kristin Bryson
    Enterprise Communications
    NVIDIA Corporation
    +1-203-241-9190
    kbryson@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to the benefits, impact, availability, and performance of NVIDIA’s products, services, and technologies; NVIDIA’s collaborations with third parties; third parties adopting or offering NVIDIA’s products and technologies; and with NVIDIA Isaac GR00T N1 and new data generation and robot-learning frameworks, robotics developers everywhere opening the next frontier in the age of AI are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA Omniverse and NVIDIA Isaac are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65cf6342-e940-44c0-a40c-dfe09ac433c9

    The MIL Network –

    March 19, 2025
  • MIL-Evening Report: Adolescence is a technical masterpiece that exposes the darkest corners of incel culture and male rage

    Source: The Conversation (Au and NZ) – By Kate Cantrell, Senior Lecturer – Writing, Editing, and Publishing, University of Southern Queensland

    Netflix

    Filmed in a one-take style, Jack Thorne and Stephen Graham’s new crime drama Adolescence is being hailed by critics as a technical masterpiece.

    Out now on Netflix, the four-part series follows the fallout surrounding 13-year-old Jamie Miller (Owen Cooper) after he is arrested and later charged for the murder of his classmate, Katie. Co-creator Stephen Graham stars as Jamie’s father, Eddie.

    Adolescence draws inspiration from the United Kingdom’s knife crime epidemic, the rise of incel culture and the brutality of online bullying. These malignant forces combine to create every parent’s worst nightmare.

    However, unlike true crime, where there is often a resolution, there is no escape from the horror.

    The show’s continuous filming style offers no reprieve, and the story itself provides no easy outs – refusing to provide a simple explanation for why an intelligent boy from an “ordinary” loving family would borrow a knife from a friend and, on a casual Sunday evening, stab another child to death.

    While Jamie’s motives remain murky, the show makes one thing clear: today’s teens inhabit an online world that adults, however well-intentioned, are incapable of understanding if they do not listen.

    Anxieties distorted by algorithms

    At the centre of the show’s broken heart is a devastating truth: the most dangerous place in the world for a teenager is alone in their bedroom.

    Trapped in the dark mirror of social media, Jamie – like a growing number of teenage boys – turns to the digital “manosphere” and the grim logic of online misogynists.




    Read more:
    The draw of the ‘manosphere’: understanding Andrew Tate’s appeal to lost men


    He subscribes to the “red pills” of incel culture, so-called truth groups and the 80/20 rule (the theory that 80% of women are attracted to 20% of men, and that women only seek out men who are physically and socially desirable).

    While Jamie is, for the most part, an outwardly “normal” and well-adjusted teen, his explosive rage and aggrieved entitlement is revealed in a climatic scene in episode three, when he intimidates and shouts down a female psychologist (Erin Doherty).

    “You do not control what I do!” he yells. “Get that in that fucking little head of yours!”

    Jamie is quick to apologise when a guard intervenes. “I shouted,” he says. “I’m sorry. Can I have another hot chocolate, please?”

    In one particularly unnerving moment, Jamie recalls his decision to ask Katie out after receiving a topless photo of her on Snapchat.

    “I thought she might be weak cause everyone was calling her a slag,” he says. “I just thought that when she was that weak, she might like me. It’s clever, don’t you think?”

    While the sinister child-teen killer trope has been a mainstay of horror, from Child’s Play (1988) to The Exorcist (1973), Adolescence out-scares its predecessors in its unflinching portrayal of a radicalised misogynist-turned murderer.

    A nightmare with no end

    The show’s most stunning achievement is without a doubt its one-take style. Each hour-long episode is filmed in a single take which, as director Philip Barantini explains, “basically means that we press record on the camera, and we don’t stop until the very end of the hour”.

    Tapping into today’s true crime zeitgeist, the series renders Jamie’s story more real than it actually is by imitating the cinéma vérité style of documentary filmmaking.

    Each episode creates an immersive fly-on-the wall experience that is deeply compelling and uncomfortable. The lack of breaks forces viewers to feel as trapped as the characters, in an unfathomable spiral through confusion, guilt and shame.

    This unease is heightened when the action is shot in claustrophobic spaces, such as inside the family van or a police interrogation room.

    The continuous shooting style makes the viewer feel as trapped as the characters as they spiral through confusion, guilt and shame.
    Netflix

    The soundtrack adds another layer of gritty true crime trauma, with random sirens, slamming doors and thumping discordant notes designed to mirror the inner turmoil of the characters.

    As the story unfolds, it charts the devastating impact of Jamie’s crime on those around him. While Katie’s school friends struggle to process their unfathomable grief, Jamie’s parents must also confront their son’s capacity for cruelty.

    “We made him,” despairs Jamie’s mother (Manda Miller).

    The unbroken style, in this regard, is important for understanding how broken this family is. Because there are no cuts, there is no escape from the nightmare.

    Indeed, Jamie seems to have fallen through the cracks of the social institutions we relied on in the pre-internet age: the schooling system, the judiciary and the family itself.

    Jamie has fallen through the cracks of the schooling system – a social institution that is supposed to help keep him and his peers safe.
    Netflix

    The generational chasm

    The show’s true sympathy lies not with its cast of troubled teens but with the baffled adults around them. Like Jamie’s parents, viewers must surrender to the sorrow and disbelief of never truly understanding what went wrong.

    Adolescence is a convincing portrayal of the widening chasm between parents and their teenage children in a savage, unregulated digital age.

    It is also a social commentary on how little we know about how to communicate with teens effectively.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Adolescence is a technical masterpiece that exposes the darkest corners of incel culture and male rage – https://theconversation.com/adolescence-is-a-technical-masterpiece-that-exposes-the-darkest-corners-of-incel-culture-and-male-rage-252390

    MIL OSI Analysis – EveningReport.nz –

    March 19, 2025
  • MIL-OSI United Kingdom: Young people to benefit from creative education boost

    Source: United Kingdom – Executive Government & Departments

    Press release

    Young people to benefit from creative education boost

    New package announced to support young people to access high-quality arts education and enrichment activities as well as AI and tech opportunities.

    Young people across the country will have greater access to high-quality arts education, wider creative and sporting activities as well as opportunities to gain in-demand skills in AI and tech under plans announced today (18 March) by the Education Secretary.

    The announcements will help deliver the government’s Plan for Change to break the link between background and success, driving high and rising school standards so every child can achieve and thrive. 

    The plans include the development of a National Centre for Arts & Music Education which will promote opportunities for children and young people to pursue their artistic and creative interests in school – including through the government’s network of music hubs. An Enrichment Framework will also be developed in collaboration with a panel of experts, covering a wide range of extra-curricular activities from sport to debating and volunteering. Alongside this, a new Digital, AI and Technology Task and Finish Group made up of sector and digital experts will advise the government on what changes can be made to prepare children and young people for the jobs of the future.

    It comes as the curriculum and assessment review expert panel, led by Professor Becky Francis, publishes its interim report and sets out its next steps to develop a curriculum and assessment system that will set young people up with the essential knowledge they need for life and work. 

    The Education Secretary has also confirmed today that compulsory tests, checks and assessments that ensure children leave primary school with solid foundations in reading, writing and maths will remain a core part of the curriculum and assessment system. This is in recognition of the role they play in providing crucial information to schools, parents and government on pupils’ progress and helping to close the gap between disadvantaged children and their peers.

    Education Secretary Bridget Phillipson said:

    I welcome the important progress Becky Francis and her expert review are making to drive forward work to take the curriculum into the modern era and help deliver on the government’s Plan for Change.

    That means keeping what’s working and evolving what’s not. The report is clear on the importance of primary school assessment, which are simply non-negotiable if we are going to keep pushing standards up for every child and close the attainment gap.

    High standards must also mean greater opportunities and a curriculum fit for the world of today and tomorrow. Our new National Centre for Arts and Music, alongside a renewed focus on giving young people the AI and technical skills they need, are significant steps on the path to making sure every child, wherever they grow up, leaves school truly ready for life and work.

    Plans announced today include:

    • The appointment of a new National Centre for Arts and Music Education to support the delivery of high-quality arts education through a new online training offer for teachers, promoting opportunities for children and young people to pursue their artistic and creative interests in school – including through the government’s network of Music Hubs – and boost partnerships between schools and cultural providers.
    • To support schools to offer pupils high-quality creative and other extra-curricular activities, a new Enrichment Framework will be developed in collaboration with a panel of experts. The Framework is expected to cover a wide range of activities which could be anything from sport to gardening, board games to school bands, or debating to volunteering.
    • A new Digital, AI and Technology Task and Finish Group made up of sector and digital experts will also be established. The group will advise the government on what changes can be made to improve the AI and digital skills talent pipeline, prepare children and young people for the jobs of the future, and drive better teaching and learning through the use of AI and Technology. The group will report to the Education Secretary before the end of the academic year.

    Culture Secretary, Lisa Nandy said: 

    Arts and music bring people together and are enjoyed by communities across the country. We want every child and young person to have equal opportunities to access a high quality arts and music education, to ensure creativity can be explored by all and not just the privileged few.

    The government’s new National Centre for Arts and Music Education will ensure more children and young people’s untapped potential can be unleashed, improving the pipeline of talent for our world class creative industries.

    Darren Henley CBE, CEO of Arts Council England said:

    This bold innovation will nurture England’s next generation of creators, performers and audiences, levelling the playing field for all young people whatever their background. Subjects like art and design, dance, drama and music are central to every child’s education. They come with the added bonus of equipping young people for life by boosting their creativity, their confidence and their social skills. A National Centre for Arts and Music Education is a vital initiative, and we welcome it wholeheartedly.

    Kate Varah, Executive Director and Co-CEO, National Theatre 

    Access to excellent arts teaching and experiences at school should be a right for all young people to fuel a creative nation. The National Theatre welcomes today’s announcement from the Department for Education that it will establish a new National Centre for Arts & Music Education, recognising the need to support high quality arts provision in schools. We look forward to consulting with the DfE on the remit of the new Centre and its relationship to the arts sector. It’s brilliant to see the Government’s clear focus on the value of the arts in schools and the need to ensure equity of access for all young people.

    Ruth Marvel OBE – CEO The Duke of Edinburgh’s Award

    Enrichment activities and high-quality personal development are a crucial part of a well-balanced, enriched education for all young people – helping them to develop essential skills for life and work, explore their individual interests and talents, and build meaningful relationships with trusted adults and peers. 

    We are therefore delighted that Government has responded to calls from DofE, NCS and our partners across the youth and education sectors and today announced it will develop an enrichment framework. The framework, together with best practice guidance and benchmarks, will support schools and colleges to deliver a high-quality enrichment offer for all young people. We look forward to working with the Government, alongside other expert partners, to develop this essential framework.

    The plans come alongside wider measures in the Children’s Wellbeing and Schools Bill to deliver high-quality teachers in every classroom, delivering on the government’s Plan for Change by breaking down barriers to opportunity and giving every child and young person the best life chances.

    Last year the government launched a Review of the curriculum and assessment system, led by Professor Becky Francis, to look closely at the key challenges to attainment for young people, and the barriers which hold children back from the opportunities and life chances they deserve – in particular those who are socioeconomically disadvantaged, or with special educational needs or disabilities (SEND). 

    The curriculum and assessment review interim report highlights the value of primary assessment, citing its importance in supporting children’s transition from primary to secondary, establishing whether children have learned the national curriculum and the role of assessment in holding schools to account.

    Alongside the review, the government is also continuing to drive high and rising school standards so every family can be confident they have access to a good local school for their child.

    This includes through the landmark Children’s Wellbeing and Schools Bill which will ensure there are high-quality teachers in every classroom, there is a floor on pay and no ceiling, so all teachers can rely on a core offer and all schools can innovate to attract and retain the best talent.

    These measures, alongside new regional improvement teams and Ofsted reforms, will make sure every child has an education as good as the best.

    The bill will also ensure that, once the curriculum has been revised to take account of the recommendations of the review, all state schools – including academies who currently do not have to follow the national curriculum – will be required to teach the national curriculum up to age 16. This will give parents certainty over their children’s education and allow all children to benefit from the strengthened curriculum, whatever type of school they go to.

    Notes to Editors

    • Primary school tests and assessments include the phonics screening check (taken in year 1 at age five or six), the multiplication tables check, (taken in year 4 at aged eight or nine) as well as maths, reading and grammar, punctuation and spelling tests and assessments taken in year 6 (aged 10 or 11 just before pupils leave primary school).

    • The National Centre for Arts and Music is expected to be established in September 2026, with a delivery lead appointed through an open procurement. It will be expected to:
      • Promote arts education – including signposting to industry-backed careers guidance, and to opportunities to support children and young people to pursue their artistic and creative interests in school, including through our national network of Music Hubs.
      • Support excellent arts teaching – through a new online CPD offer for primary and secondary school teachers, and support to access the brilliant teacher development provision available from cultural providers.
      • Support partnerships – bolstering collaboration between schools and the many arts and cultural organisations with fantastic offers for children and young people, to maximise those opportunities for the most children, no matter where they live.
    • The DfE, working closely with DCMS, has committed to publishing the new Enrichment Framework by the end of the year. Building on the work of the sector, we will develop the framework alongside a working group consisting of experts from schools, youth, sports and arts organisations and research bodies. The framework will highlight effective practice on enrichment by:
      • identifying and reflecting practice in the best schools to set out what a high-quality enrichment offer looks like – we will consider with the sector whether standardised benchmarks and tools can form a useful part of that support.
      • providing advice for schools with how to plan a high-quality enrichment offer more strategically and intentionally and how to make use of specific programmes to increase access to sport and arts
    • The new Digital, AI and Technology Task and Finish Group will advise on how  the school and college education system in England can ensure that every child and young person is equipped to thrive in an AI and digital world, creating strong foundations for access to more specialist AI and digital pathways and making the most of the opportunities to use AI and educational technology to drive better teaching and learning. We intend that this work will commence shortly and conclude before the end of the academic year.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

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    Updates to this page

    Published 18 March 2025

    MIL OSI United Kingdom –

    March 19, 2025
  • MIL-OSI: Dassault Systèmes: Filing of the 2024 Universal Registration Document

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    VELIZY-VILLACOUBLAY, France — March 18, 2025

    Filing of the 2024 Universal Registration Document

    Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) announces the filing on March 18, 2025 of its French 2024 Universal Registration Document (constituting the Annual Financial Report) with the Autorité des marchés financiers.  

    The French version of this document is available on Dassault Systèmes’ website at https://investor.3ds.com/fr (sections Regulated information or Events & Publications/ Reports). Hard copies of the French 2024 Universal Registration Document are also available upon request at Dassault Systèmes’ headquarters (10, rue Marcel Dassault, CS 40501 – 78946 Vélizy-Villacoublay, France). The English version will be available on Dassault Systèmes’ website (https://investor.3ds.com/) in the coming days.

    The following documents are included in the Universal Registration Document in accordance with legal provisions:

    • 2024 Annual Financial Report;
    • Board of Directors’ Report on corporate governance;
    • Sustainability Report; and
    • Description of the share repurchase program proposed to the General Shareholders’ Meeting.

    ###

    ABOUT DASSAULT SYSTÈMES

    Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes’ 3DEXPERIENCE platform, 350 000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit www.3ds.com.

    Dassault Systèmes Investor Relations Team                FTI Consulting
    Béatrix Martinez :                                        Arnaud de Cheffontaines: +33 1 47 03 69 48
    +33 1 61 62 40 73                                        Jamie Ricketts : +44 20 3727 1600
    investors@3ds.com                                        

    Dassault Systèmes Press Contacts
    Corporate / France        
    Arnaud Malherbe: +33 1 61 62 87 73
    arnaud.malherbe@3ds.com        

    © Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.

    Attachment

    • Dassault Systèmes: Filing of the 2024 Universal Registration Document

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Fast Company Names Huntress Among 50 Most Innovative Companies for Democratizing Enterprise Security

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., March 18, 2025 (GLOBE NEWSWIRE) — Huntress has been named to Fast Company’s prestigious Most Innovative Companies list for 2025, earning recognition for democratizing cybersecurity previously reserved for Fortune 500 companies. As cybercrime costs approach a staggering $10.5 trillion annually, Huntress is challenging the status quo by making enterprise-grade protection accessible to businesses of all sizes.

    “While industry giants focus on the Fortune 500, we’re protecting the backbone of the economy,” said Kyle Hanslovan, CEO of Huntress. “We set out from the start to protect everyone, and our 24/7 security team, empowered by our technology, catches threats every day that can devastate a business.”

    Fast Company sifts through thousands of applications to find standout companies that are demonstrating leadership and making an impact on the world. Huntress earned its overall ranking for democratizing cybersecurity for all and the number one spot in the security category for the newest additions to its managed cybersecurity platform:

    • Huntress Managed Security Information and Event Management (SIEM): Traditional SIEMs are notorious for overwhelming alerts, operational complexity, and high costs. Huntress Managed SIEM simplifies data and event monitoring by using and retaining only what’s needed to prioritize actionable insights, streamline compliance needs, and remove blockers to successful use.
    • Huntress Managed Identity Threat Detection and Response (ITDR): Modern attackers increasingly target identities as entry points. ITDR addresses this growing threat vector by proactively monitoring and protecting against credential-based attacks and privilege escalations, locking out attackers before they cause damage.

    What separates Huntress is its “One Team Advantage”—every product is built, owned, and operated by one team, enabling the company to innovate and adapt as quickly as the threat actors do.

    “The cybersecurity industry has failed millions of businesses by making protection too complex and expensive,” added Hanslovan. “We’re proving that world-class security doesn’t have to be a luxury.”

    Huntress protects organizations across industries with its 24/7 Security Operations Center, achieving a false-positive rate under 1% – a metric that outperforms many enterprise solutions costing significantly more.

    Additional resources:

    • Join the hunt: visit Huntress’ career page.
    • Learn how Huntress protects endpoints, identities, and more with managed detection, investigation, and response.
    • Read the Huntress blog to learn from our leading experts.

    About Huntress
    Huntress is the enterprise-grade, people-powered cybersecurity solution for all businesses, not just the 1%. With fully owned technology developed by and for its industry-defining team of security analysts, engineers, and researchers, Huntress elevates underresourced tech teams whether they work within outsourced IT environments or in-house IT and security teams.

    The 24/7 industry-leading Huntress Security Operations Center (SOC) covers cyber threats for outsourced IT and in-house teams through remediation with a false-positive rate of less than 1%. With a mission to break down barriers to enterprise-level security and always give back more than it takes, Huntress is often the first to respond to major hacks and threats while protecting its partners and shares tradecraft analysis and threat advisories with the community as they happen.

    As long as hackers keep hacking, Huntress keeps hunting. Join the hunt at www.huntress.com and follow us on X, Instagram, Facebook, and LinkedIn.

    Huntress Contact:
    press@huntresslabs.com

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Shaping the Future of Work: HP Amplify 2025

    Source: GlobeNewswire (MIL-OSI)

    News Highlights

    • Brings world’s largest portfolio of AI PCs to the mainstream1 with new HP EliteBooks, HP EliteDesks, and HP OmniBooks – delivering smarter workflows and incredible productivity.
    • Launches the world’s first printers that protect against quantum computer attacks2 with the HP LaserJet Enterprise 8000 Series Printers for enhanced hardware security.
    • Enhances AI-powered insights in Workforce Experience Platform (WXP) to improve IT and employee experiences.
    • Optimizes gameplay with OMEN AI on the new OMEN 16 Slim Gaming Laptop, and HyperX Cloud III S Wireless Gaming Headset delivers unmatched immersive audio experiences.

    NASHVILLE, Tenn., March 18, 2025 (GLOBE NEWSWIRE) — At its annual Amplify Conference, HP Inc. (NYSE: HPQ) today announced new products and services designed to shape the future of work, empowering people and businesses to create and manage their own way of working. The company unveiled more than 80 PCs, AI-powered print tools for SMBs, and Workforce Experience Platform enhancements all built to drive company growth and professional fulfillment.

    “HP is translating AI into meaningful experiences that drive growth and fulfillment,” said Enrique Lores, President and CEO at HP Inc. “We are shaping the future of work with game-changing AI innovations that seamlessly adapt to how people want to work.”

    Leading the Future of Work

    HP’s 2024 Work Relationship Index reports that only 28 percent of workers have a healthy relationship with work. Companies and people are seeking better work experiences and new advancements in technology – from seamless device connectivity to AI applications – that can help people work faster, think more creatively, and connect on a deeper level.

    With customers looking to refresh their devices to Windows 11,3 HP is supercharging its PCs to take advantage of the latest technologies available with select models qualifying as Copilot+ PCs, 4 so work doesn’t feel like work:

    • The HP EliteBook 8 Series is masterfully redesigned with mainstream enterprise workers in mind, delivering AI-powered productivity and seamless collaboration in a repairable and upgradeable package. With NPU options up to 50 TOPS, experience up to 224% better power efficiency and up to 43 times faster AI image generation for incredible performance gains versus previous non-NPU models.5
    • The HP EliteDesk 8 Series brings AI powerfully and securely to the company’s desktop portfolio. These devices are ideal for corporate project managers and workers who need a reliable PC that can manage even the most demanding projects for smarter workflows and productivity. This is the world’s first business desktop PC portfolio to protect against quantum computer hacks,6 combining high performance with lower power consumption to reduce costs.
    • The HP EliteStudio 8 AiO G1i is the perfect tool for an on-the-go employee constantly moving around the office. As the world’s first commercial PC with integrated KVM ability through HP Device Switch,7 an employee can use the all-in-one for work or quickly plug their laptop into the AIO with a single cable to power the notebook and access all the available peripherals.
    • The OmniBook X Series is designed for creators who need a PC that adapts to their workflow, whether it be a svelte 14-inch flip device to ideate and draw, or a powerhouse clamshell 17.3-inch PC to power through their larger-than-life creations. The OmniBook 7 Series is built for power users on their PC for all-day productivity for school or work. And the OmniBook 5 Series is ideal for families and students with a versatile design that’s built for streaming, light gaming, and personal productivity. Devices across the consumer notebook portfolio are offered in a variety of sizes with powerful Intel Ultra or AMD Ryzen™ processors.

    HP is also delivering powerful new AI software experiences to complement this next generation of AI PCs. Qualifying consumer and commercial devices from HP are equipped with exclusive software designed to transform how people work in the office, at home, and everywhere in between:

    • HP AI Companion is an advanced on-device AI research assistant that delivers instant answers and secured file analysis, even without an internet connection.8,9 New features planned for this Spring include intuitive voice and text commands and built-in keylogger protections to enhance productivity while keeping data secure on the device.
    • HP Go10 plans to deliver seamless global connectivity for highly mobile professionals. With automatic network switching regardless of carrier, advanced fleet management, and effortless setup, road warriors can connect and be productive wherever work takes them. The HP Go service option will first be available on the HP EliteBook 6 G1q powered by Snapdragon X Series, making it the world’s first AI PC with zero-touch multi-carrier 5G deployment.11
    • Poly Camera Pro newest features make virtual interactions and video conferencing more dynamic and engaging, with AI-powered features like Magic Background, seamless streaming integrations, and presenter overlays.12 Multi-camera support, customizable aesthetics, and auto-framing transforms any workspace into a professional studio experience.

    HP is changing the way customers print and manage documents, making it easier and more efficient with new features and technology:

    • Two new features to its collection of AI-powered tools that help SMBs simplify and enhance the print experience. The first feature streamlines the process of sharing scanned documents by using AI to summarize them and draft an email with the document attached, allowing for easy sharing via email or chat. The second feature offers automatic and guided redaction to safeguard sensitive information, ensuring that private data remains secure on HP devices without requiring a cloud connection. These innovations aim to reduce the complexity and enhance the security of document handling for small businesses. 
    • The HP LaserJet Enterprise 8000 Series Printers are the world’s first printers that protect against quantum computer attacks2. They provide enhanced hardware-level security for highly regulated organizations that rely on secure printing, ensuring protection against future quantum computer attacks while seamlessly integrating with Zero Trust architectures.
    • The HP Latex R530 Printer is the only compact all-in-one HP Latex printer13, capable of handling both rigid and flexible media. Its digital operation simplifies workflows and maximizes space, boosting efficiency. It helps small and medium-sized print shops (PSPs) meet customer demands with high-quality prints and impressive output.

    HP provides IT with valuable insights that empower employees to thrive with HP Workforce Experience Platform (WXP)14 enhancements and expanded availability. New features include:

    • AI Sentiment Analysis now includes AI capabilities to assess and improve employee experience by analyzing thousands of free text surveys.
    • Fleet Explorer is a new AI-powered natural language processing (NLP) tool lets users query fleet data instantly for insights.
    • Vyopta Integration15 enables HP and Vyopta customers to now check on the overall health of their organization’s collaboration environment in WXP.
    • Pre-built scripts, alerts and dashboards help organizations monitor fleets, automate workflows.

    Shaping the Future in Play

    Technology can also offer people a smooth transition from work into play. According to Mohamed Ala Saayed, Senior Program Director & Fellow, Frost & Sullivan, “About 60% of gaming PCs owners likely use their systems for work-related activities in addition to gaming.”16

    New gaming hardware across OMEN and HyperX delivers meaningful performance and personalization for the ultimate in gameplay:

    • The OMEN 16 Slim Gaming Laptop redefines portable gaming with its ultra-thin design to game anywhere. The PC delivers next-level performance with up to Intel® Core™ Ultra 9 285H processors,17 and comes with up to an NVIDIA® GeForce RTX™ 5070 Laptop GPU for next-level graphics fidelity.
    • The OMEN Transcend 14 Gaming Laptop is refreshed to deliver the same powerful CPU and GPU performance as the OMEN 16 Slim for gamers and creators on the go, bringing 25% more power.18
    • OMEN AI is a personalized, one-click solution that recommends the best system, hardware, and gaming settings based on each unique device and game to eliminate endless tinkering. Accessible within OMEN Gaming Hub, OMEN AI is available on all HP gaming and consumer PCs.
    • The HyperX Cloud III S Wireless Gaming Headset delivers unmatched comfort and immersive audio for up to 120 hours of battery life in 2.4GHz and up to 200 hours in Bluetooth mode on a single charge.19 HyperX-tuned acoustics ensure crystal-clear audio and the durable yet flexible design, boom and boomless mic options, and customizable earcup plates let gamers play longer, sound better, and do it in style.20

    HP Amplify Newsroom
    For all the latest HP Amplify Partner Conference news and updates, visit the HP Newsroom including the just released Threat Research Report press release and news from the Advanced Compute Solutions business. More news posting at 2 p.m. ET and 4 p.m. ET.

    • Follow @HP on LinkedIn, X, and Instagram
    • Follow @Enrique Lores on LinkedIn
    • Follow #HPAmplify across social platforms for the latest updates

    About HP
    HP Inc. is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com.

    1 Based on HP’s internal analysis of AI-enabled platforms across all commercial PC and consumer PC vendors as of March 2025. “AI PC” is defined as a PC with an integrated Neural Processing Unit (NPU) designed to accelerate AI workloads, regardless of TOPS count.
    Comparison includes commercially and consumer available AI PCs available in the market.
    2 Based on HPs internal analysis of business Printers with preinstalled encryption, authentication, malware protection, post-quantum digital signature, and initial BIOS firmware integrity protection with automatic self-healing recovery finding that no other in-class Printers implement a quantum-resistant cryptographic scheme to protect the integrity of the BIOS and firmware as of March 2025.
    3 Not all features are available in all editions or versions of Windows. Systems may require upgraded and/or separately purchased hardware, drivers, software or BIOS update to take full advantage of Windows functionality. Windows is automatically updated and enabled. High speed internet and Microsoft account required. ISP fees may apply and additional requirements may apply over time for updates. See http://www.windows.com.
    4 On some devices, some Copilot+ PC experiences require free updates continuing to roll out through early 2025. Timing varies by device and region. See aka.ms/copilotpluspcs. Copilot is not available in China, Russia, Belarus, and embargoed regions Cuba, Iran, North Korea, and Crimea.
    5 Based on image generation with NPU vs. non-NPU processor using Amuse software generating a 1024 x 1024 pixel image from the same text prompt repeatedly until battery depletion to determine power efficiency. Configurations tested: HP EliteBook 8 G1a AI with AMD Ryzen AI PRO 350 and 32GB RAM vs. HP EliteBook 845 G10 with AMD Ryzen 7 PRO 7840U and 32GB RAM. Results may vary
    6 Based on HPs internal analysis of business PCs with preinstalled encryption, authentication, malware protection, BIOS-level protection and passing MIL-STD testing, finding that no other in-class PC implements a quantum-resistant cryptographic scheme to protect the integrity of UEFI BIOS firmware as of February 2024. Requires Windows 10 or higher. For supported HP PCs with the latest HP Endpoint Security Controller. See https://h20195.www2.hp.com/v2/GetDocument.aspx?docname=4AA8-3644ENW.
    7 Optional feature must be configured at the time of purchase.
    8 HP AI Companion is available preloaded on select HP next gen AI PCs or is available for download from the Microsoft store and requires a HP next gen AI PC with a NPU supporting 40-60 TOPS with 16 GB or more of storage and requires Windows 11. Perform requires account set up within 30 days of PC boot or enrollment through the HP AI Companion app. Some features require customer upload of local data. Ten (10) library 100 MB limit each, supported files may vary and at launch include pdf, .txt., .docx files. For ‘On device’ AI use, your HP Next Gen AI PC requires 32GB RAM and will require up to 4.5 GB storage on your PC. “On device” mode uses a downloaded LLM Phi 3.5 to process queries locally and does not require an internet connection. “Cloud” mode uses GPT-4o to process queries online and requires an internet connection. Spotlight and voice capability expected availability in Spring 2025 Availability varies by region.
    9 HP AI Companion requires an HP Next Gen AI PC with a NPU supporting 40-60 TOPS and requires Windows 11. For ‘On device’ AI use, your HP Next Gen AI PC requires 32 GB RAM and will require up to 4.5 GB storage on your PC.
    10 HP Go integrates pre-embedded carrier profiles, pre-activation processes, and pre-configured APNs at the factory, enabling seamless out-of-the-box connectivity. Requires 5G module and Windows support for carrier profile management and network selection. North America subscription service ONLY. Available in Spring 2025.
    11 Zero-touch multi-carrier 5G deployment is the ability to automatically onboard and activate 5G connectivity across multiple carriers without requiring manual carrier selection, IT-managed profile provisioning, or traditional enterprise (STD) onboarding methods. Unlike standard WWAN and eSIM-based setups, HP Go integrates pre-embedded carrier profiles, pre-activation processes, and pre-configured APNs, enabling automatic connection to the fastest available network. North America subscription service ONLY. Available in Spring 2025.
    12 Requires myHP application and Windows OS.
    13 Based on internal HP testing.
    14 HP Workforce Experience Platform (WXP) is available in various tiers with optional add-on solutions in various term licenses. WXP is for commercial customers and some features and capabilities may require additional purchase of HP Services and/or commercial hardware supporting the HP Insights agent for Windows, Mac, & Android available for download at https://workforceexperience.hp.com/software.admin.hp.com/software. For full system requirements and services that require the agent, please visit https://workforceexperience.hp.com/requirements. Activation and restrictions may apply. The agent collects telemetry and analytics around devices and applications that integrate into the Workforce Experience platform and is not sold as a standalone service. The agent is ISO27001, ISO27701, ISO27017 and SOC2 Type2 certified for Information Security.
    15 HP Vyopta license required for collaboration technology monitoring
    16 March 2025. Mohamed Alaa Saayed, Senior Program Director & Fellow, Frost & Sullivan. 60% of gaming PCs are split between 55% desktop and 65% laptop users.
    17 Multi-core is designed to improve performance of certain software products. Not all customers or software applications will necessarily benefit from use of this technology. Performance and clock frequency will vary depending on application workload and your hardware and software configurations. Intel’s numbering, branding and/or naming is not a measurement of higher performance. Intel, Core, and the Intel logo are trademarks and/or registered trademarks of Intel Corporation in the U.S. and other countries.
    18All performance specifications represent the typical specifications provided by HP’s component manufacturers; actual performance may vary either higher or lower. Total processors power = Total GPU power plus total thermal power.
    19 Tested at 50% headphone volume, continuous playback. Using 2.4GHz mode, the headset has a battery life of up to 120 hours. Using Bluetooth mode, the headset has a battery life of up to 200 hours. Actual battery life will vary with use and maximum battery capacity will naturally decrease with time and usage.
    20 Earcup plates sold separately. Available in select countries/regions.

    The MIL Network –

    March 19, 2025
  • MIL-OSI United Kingdom: Council’s Shop a Tipper scheme leads to successful prosecution – and gift card reward

    Source: City of Wolverhampton

    A city resident reported an incident of suspected fly tipping to the council through Shop a Tipper. Because their information led to a prosecution, the resident received a £100 Enjoy Wolverhampton gift card.

    Officers are now reminding offenders that they are being watched – and warning them not to ignore council investigations.

    In the latest prosecution, Shannon Mattox, of Waltho Street, Whitmore Reans, was found guilty in her absence of one obstruction charge under section 110 of The Environment Act 1995 for failing to comply with investigating officers’ requests for assistance.

    Dudley Magistrates Court ordered Mattox to pay a fine and costs totalling £1,716 during the hearing on 12 March. The costs awarded to the council will be reinvested back into its environmental crime service.

    In this case, a woman was seen on 16 February last year wheeling a bin with a house number on it. She was then seen throwing bags of household waste from the bin onto an open space off Waltho Street.

    Correspondence with a name and address was found among the waste and Mattox was served with a notice asking her to attend the Civic Centre. She failed to attend as required.

    The incident was reported under the council’s Shop a Tipper scheme by 3 independent witnesses. One of the witnesses provided an information statement and will receive a £100 Enjoy Wolverhampton gift card.

    Under the council’s Shop a Tipper campaign, residents are encouraged to report any incidents of fly tipping.

    If the information provided leads to successful identification, and Fixed Penalty Notices are issued and paid or a prosecution takes place, residents receive a £100 Enjoy Wolverhampton gift card.

    Residents can contact 01902 552700 with information or report online at Fly-Tipping – Shop a Tipper.

    Eight gift cards have recently been given out to residents in Whitmore Reans, Penn, Bushbury South and Heath Town.

    In total, 29 gift cards have been issued under the Shop a Tipper scheme. In each case, residents have reported incidents of fly tipping and provided the council with evidence to issue a Fixed Penalty Notice.

    In addition to the reporting scheme, officers from the council’s environmental crime team have seized 2 vehicles in the last 3 weeks in relation to fly tipping offences under their ongoing work.

    Councillor Bhupinder Gakhal, cabinet member for resident services at City of Wolverhampton Council, said: “This is a great result for our Shop a Tipper scheme, and I’d really like to thank the resident who came forward and provided the vital information which led to another successful prosecution.

    “Shop a Tipper allows residents to report this horrible crime and means our officers can investigate and bring people to justice.

    “We continue to work hard to deter fly tipping through a variety of methods including our Shop a Tipper scheme, CCTV cameras, a drone and the recent increase in our Fixed Penalty Notice to £1,000.

    “Suspected fly tippers should be aware that they are being watched – and they can’t ignore our investigations.”

    Residents are reminded that waste can be disposed of free of charge at our Household Waste and Recycling Centres (tips) which are open 7 days a week from 8am to 4pm. Centres are at Anchor Lane, Lanesfield, Bilston and Shaw Road, Wolverhampton.

    A bulky item collection service to dispose of big unwanted items is also available, find out more at Bulky item collection.

    MIL OSI United Kingdom –

    March 19, 2025
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