Category: European Union

  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 17 February

    Source: Mayor of London

    PUBLIC MEETINGS

    Thursday 20 February

    Mayor’s Final Draft Consolidated Budget 2025-26

    Budget and Performance Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    The Mayor of London is responsible for a budget of over £21 billion. The Mayor’s budget covers key areas of importance for Londoners, including Transport for London, housing and policing.

    The Budget and Performance Committee will question the Mayor on the changes to his budget proposals from his Consultation Budget to his Final Draft Consolidated Budget for 2025-26.

    The guests are:

    • Sir Sadiq Khan, Mayor of London
    • David Bellamy, Mayor’s Chief of Staff
    • Fay Hammond, Chief Finance Officer, Greater London Authority

    MEDIA CONTACT: Tony Smyth on 07763 251727[email protected]

    MIL OSI United Kingdom

  • MIL-OSI: Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 14, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The official licensing now enables Bitget to offer a comprehensive suite of crypto services within Bulgaria, including the exchange, trading, transfer, custody, and public offering of crypto assets, as well as wallet services. This aligns with Bitget’s broader plans of obtaining EU’s Markets in Crypto-Assets (MiCA) license, which will boost its foothold in the region.

    The VASP license in Bulgaria aligns with Bitget’s strategic expansion across the European Union. The company is actively preparing for compliance with the EU’s MiCA framework, which seeks to establish a unified regulatory environment for crypto assets throughout the region.

    “The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union,” said Hon Ng, Chief Legal Officer at Bitget. “As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption.”

    Ng added, “In 2025, we are excited to continue to grow Bitget’s global regulatory footprint in partnership with various regulators around the world. We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide.”

    Bitget views regulatory compliance as an integral part of its future success, which is evident through its acquisition of approvals in key markets such as Poland, Italy, Lithuania, UK and now Bulgaria.

    The VASP license in Bulgaria grants Bitget the regulatory approval to offer a wide array of services to cater to the needs of digital asset users in the region. These services include the exchange of crypto assets, enabling seamless conversion between crypto and fiat; trading and transfer of crypto assets, facilitating efficient and secure transactions; and custody services, providing a strong framework for safeguarding user assets. Additionally, the license permits the public offering of crypto assets, supporting the scope for innovative token launches and opportunities.

    In the last three months alone, Bitget has put forth major licensing and expansion updates. It has secured a BSP license in El Salvador, approval in the UK to provide digital asset services, and has powered a compliant Vietnam-based exchange BitEXC. Recently, Forbes has ranked Bitget as one of the world’s most trustworthy exchanges and with Bulgaria’s VASP license, Bitget continues to make significant progress in this area. The company plans to collaborate closely with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3dafce49-6bd9-4e83-9453-e5503f7b4596

    The MIL Network

  • MIL-OSI: TAP Protocol Launches its TAP Launch Bot, The Ultimate No-Code Solution to Launching Token Projects on Bitcoin With No Bonding Curve

    Source: GlobeNewswire (MIL-OSI)

    Berlin, Germany, Feb. 14, 2025 (GLOBE NEWSWIRE) — – TAP Protocol, a protocol that enables the development of decentralized applications (DApps) on Bitcoin Layer-1, is announcing the launch of its TAP Launch Bot to make it easier to create, launch and fund token projects on Bitcoin. The TAP Launch Bot, which is accessible via Telegram, has been developed to provide a seamless, guided experience for users wanting to launch Bitcoin projects and is designed as a no-code solution, empowering users to add to the thousands of tokens already launched on TAP Protocol, without any technical experience. 

    Unlike other launch platforms, the TAP Launch Bot eliminates the need for a bonding curve. Founders are able to transparently fund their projects via the Launch Bot’s ‘charge per mInt’ feature, which enables minters to pay with $TAP, and the founders’ desired (%) token reserve for their project also accumulates within the same wallet, so communities can easily monitor team funds as they grow. This aims to foster genuine community growth and trust, while promoting tangible value to the overall Bitcoin ecosystem.

    “With the TAP Launch Bot, we’re aiming to empower more users to create and build value on Bitcoin and it’s important that they’re able to do so in a simple, autonomous, transparent, and community-focused manner. We built the TAP Launch Bot on Telegram to make it easier for our community, and those who want to get involved,” states Markus Bopp, CEO and Founder of TAP Protocol. “TAP Protocol offers a direct route to launch Bitcoin projects but also raise capital using the LaunchBot’s ‘Charge per Mint’ feature, so creators can focus on building impactful projects.”

    By functioning as an “authority smart contract” the TAP Launch Bot streamlines and secures the fundraising process, This multi-token approach also enables more advanced tokenomic models for builders, with funds immediately available for project development, without teams having to immediately sell the project token in order to build.

    While the TAP Launch Bot offers advanced capabilities, its primary objective is simplicity. Featuring a Telegram-hosted chat-based interface similar to AI prompting, the bot is designed to be accessible to both seasoned developers and first-time creators. By streamlining token launches and funding, the TAP Launch Bot strengthens Bitcoin’s growing ecosystem, and reduces barriers to entry.

    Features of the TAP Launch Bot
    The TAP Launch Bot provides users with a seamless, intuitive experience, offering the following capabilities:

    • Simplicity: Launch projects without the need for coding or technical expertise.
    • No Bonding Curve: Instantly receive raised capital without waiting for market activity or intermediary approvals. 
    • Transparency and Autonomy: Full visibility and control over project funds via the $TAP token.
    • Bitcoin Native: Utilize the security and decentralization of the Bitcoin network.

    The TAP Launch Bot is the latest development from TAP Protocol, which has already delivered fully-decentralised, native Bitcoin DeFi by pioneering L1 co-processing, which leverages the strengths of other L1 chains, so enables the use of turing smart contracts for native Bitcoin assets, without users having to sacrifice custody and control of their assets.

    Having already demonstrated L1 co-processing on mainnet via ICP, the team are now developing the same interoperability for TRON, Cardano, Ethereum and Solana.

    The TAP Launch Bot, which is available to access on Telegram from February 2025, aims to further advance Bitcoin’s decentralized finance ecosystem. Its integration into the popular community platform Telegram, offers a gateway to financial independence and creative freedom. With its user-friendly interface and direct funding model, the TAP Launch Bot bridges educational and technical barriers to Bitcoin development and promotes accessibility and inclusion to the world’s most popular blockchain.

    Find out more about the TAP Launch Bot here: https://t.me/TapStarterBtcBot

    ENDS

    About TAP Protocol
    TAP Protocol is dedicated to advancing the interoperability of blockchain networks by providing solutions that bridge the gap between Ethereum and Bitcoin. With its focus on user experience and accessibility, TAP Protocol empowers users to leverage the full potential of decentralized finance.

    For more information, please visit https://www.tap-protocol.com/

    Media Contact:
    Romina Perino, Luna PR
    romina@lunapr.io 

    The MIL Network

  • MIL-OSI Economics: Identity fraud: BaFin warns consumers about the company Zinsverwalter

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Zinsverwalter and the services it is offering. BaFin suspects the unknown operators of the websites zinsverwalter.de and zinsverwalter.com of offering consumers financial, investment and cryptoasset services without the required authorisation. These offers are not provided by WALTER Investment-Vermittlungs GmbH, Stuttgart, which has no connection to the aforementioned websites. This is a case of identity fraud.

    The unknown operators are contacting consumers, claiming that their offer is from WALTER Investment-Vermittlungs GmbH. In addition, when advertising its services, the company claims to be supervised by BaFin. However, none of this information is correct. This is a case of identity fraud. Moreover, BaFin does not supervise WALTER Investment-Vermittlungs GmbH.

    Anyone providing financial, investment or cryptoasset services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.

    BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Insolvency Service Chief Executive announces plan to move on to new position

    Source: United Kingdom – Executive Government & Departments

    Chief Executive will take on new job in May

    • Dean Beale has been Chief Executive of the Insolvency Service since 2019 
    • He will move on to a new position outside the Civil Service in May 

    The Chief Executive of the Insolvency Service, Dean Beale, has announced his plan to leave the agency. 

    Dean has worked in the insolvency sector for more than 30 years in a variety of roles and has been Chief Executive of the Insolvency Service since 2019. 

    He will leave the agency in May to take up a position as Executive Director of the Centre for Public Interest Audit, a standalone body set up by the audit and accounting sector to support audit standards for the biggest UK companies. 

    He said:

    I have had some wonderful years at the Insolvency Service, it is a great organisation with dedicated and professional staff who care passionately about the work they do. I have felt immensely privileged and proud to lead this historic organisation which does some incredible work to support people in financial distress, tackle financial wrongdoing and maintain the UK’s world class insolvency regime.

    Before becoming Chief Executive of the Insolvency Service, Dean was Director of Strategy and Change at the agency, overseeing policy development, regulation of the insolvency sector and the department’s transformation programme. 

    In addition to his public sector experience, Dean also spent time in the private sector as a forensic accountant investigating fraud and managing commercial disputes. 

    An open recruitment process will now be put in place to find his replacement.

    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Oxford City Council agrees Budget

    Source: City of Oxford

    Oxford City Council has agreed a Budget that will see new homes, new community centres and increased grass cutting of verges across Oxford.

    The Budget – which is balanced for the next four years – comes against a backdrop of austerity, rising costs, especially around homelessness, inflation and councils declaring bankruptcy across the UK.

    This has been achieved in part through the ‘Oxford Model’, which will see the Council’s companies generate £19m in profit over the next four years to help fund services.

    The Budget was agreed at a Full Council meeting yesterday evening.

    Key Budget proposals

    The Council’s Budget includes funding for:

    • 1,558 new council homes over the next eight years
    • Two new community centres, in East Oxford and Blackbird Leys
    • Increased grass cutting – to at least three times a year – across Oxford
    • Increased litter picking across Oxford and a new graffiti removal service
    • Better gritting of cycle lanes and pavements
    • A new splash park in Hinksey and renewal of outdoor gym equipment
    • A freeze on pitch-hire fees for sports teams

    The Budget will take the number of council homes owned by Oxford City Council to almost 9,500, which, thanks to the energy efficiency work, will be warmer and use less energy.

    The Council will also continue to maintain its leisure centres, community centres, parks, youth clubs, and other existing services for residents and businesses.

    Changes to the Budget

    The Council’s Budget was first proposed in December 2024.

    Since then, the Government has provided additional funding to local authorities, including a further £600,000 to assist in prevention of homelessness.

    As Oxford City Council had already budgeted to provide some support for homeless people, this has freed up funding that can be spent on other priorities.

    The changes to the Budget compared to the consultation Budget include:

    • £200,000 to pilot a new scheme to help people in supported accommodation
    • £310,000 for additional graffiti removal across Oxford
    • £157,000 for additional gritting of pavements and bike lanes
    • £170,000 to provide free leisure facilities in Blackbird Leys and £60,000 for a new play area in the city centre if a site can be found
    • £100,000 to replace outdoor gym equipment across Oxford
    • £316,000 to reverse planned cuts to ward member and community grants

    The Council also agreed £2.5m to help reopen passenger services on the Cowley Branch Line, and a further £1m to enhance the £8m redevelopment of the Covered Market.

    Oxford Model

    Oxford City Council owns two companies, ODS and OX Place, that generate income to help fund frontline services. This is known as the ‘Oxford Model’.

    ODS carries out street cleaning, bin collections and parks maintenance for Oxford residents, but also sells those services to businesses and institutions to generate income.

    OX Place’s main aim is to build new council homes for Oxford residents, but it also builds open market sale and shared ownership homes to generate income.

    The companies are expected to generate about £19m in dividends returns over the next four years.

    The ‘Oxford Model’ now represents 10% of the Council’s annual Budget. This compares to 26% for fees and charges, 20% for Council Tax, 15% for Business Rates and 15% for commercial rent. Government grants represent just 6% of the Council’s budget.

    Council Tax 

    Council Tax will increase by 2.99% in 2025/26.

    For a Band D Council Tax property, a 2.99% increase equates to £10.36 per year (or 20p a week), bringing a total charge of £356.72 per annum (or £6.86 per week) to fund Oxford City Council.

    Separate Council Tax precepts support Oxfordshire County Council, the Thames Valley Police and Crime Commissioner and the Parish Councils in Blackbird Leys, Old Marston, Littlemore and Risinghurst & Sandhills.

    Oxford City Council continues to provide a full discount on Council Tax for Oxford residents on the lowest incomes. It is one of relatively few councils across the UK to still do so.

    Second homes in Oxford will be charged double Council Tax from 2025.

    Comment

    “We’ve been listening: our residents’ survey said that people wanted their City Council to get the basics right, so we are stepping up spend on graffiti removal, pavement repairs and gritting, verge cutting, litter picking and free play provision.  We will build more than 1,500 new council homes to help local families in housing need.  We are going to retain our award-winning youth ambition service, grants to voluntary organisations and will build two new communty centres at East Oxford and Blackbird Leys.

    “This is in the context of a shortfall in government funding, but we have managed to avoid major cuts to frontline services by our ‘Oxford Model’, which uses income from our wholly owned companies, partnerships and commercial property to support the front line.”

    Councillor Ed Turner, Deputy Leader and Cabinet Member for Finance and Asset Management

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Major step forward for multi-million-pound Etruscan Square regeneration as preferred development partner announced

    Source: City of Stoke-on-Trent

    A specialist regeneration and development partnership is set to deliver the multi-million-pound Etruscan Square project.

    Stoke-on-Trent City Council has granted preferred bidder status to Genr8 Kajima Regeneration Limited (GKRL) for the multi-million-pound project that will help transform the city centre.  

    GKRL intend to work with partners to deliver a range of residential tenures across Etruscan Square and other development sites across the city – including PfP Igloo, who GKRL are working in joint venture with elsewhere in the UK.

    Once the formal selection process is complete, they will move forward with plans, which include a mix of high quality, affordable residential housing as well as leisure and commercial opportunities to bring new business and people into the city centre.

    The intention is to be on site carrying out surveys and investigations later this year. This will enable the preparation of the site for development in 2026, with construction activity to deliver new homes targeted to commence in 2027.

    The plans for Etruscan square key into the wider city centre masterplan, which will see the rejuvenation of Hanley as a place to live, work, shop and visit based on extensive consultation with residents, businesses, shoppers and visitors.

    Moving forward, the proposed partnership could potentially support the development of further council owned sites across the city, including three key residential sites – at Pyenest Street, Shelton; North Shelton and Bucknall New Road.

    Etruscan Square is one of the Midlands’ largest cleared city centre regeneration sites spanning around seven acres.

    The development site, which is supported by £20 million of Government funding, was once home to the old bus station and former East-West Precinct and lies adjacent to the city’s principal retail centre, next to Hanley Bus Station and near to Smithfield and the Potteries Museum & Art Gallery.

    GKRL – which is an established Joint Venture between Genr8 Developments LLP and Kajima Partnerships LLP – has developed a significant track record over the last 10 years in delivering mixed-use regeneration schemes in the UK. These include the transformational Rochdale Riverside mixed-use development, which delivered a new retail, leisure and residential destination.

    The GKRL partners also have existing established relationships with Stoke-on-Trent City Council, local residents and businesses through Genr8’s ongoing delivery of the city centre Smithfield development and Kajima’s delivery of the £60m Stoke Extra Care scheme, a collection of flexible and future-proofed retirement villages.

    Councillor Finlay Gordon-McCusker – Cabinet Member for Transport, Infrastructure and Regeneration at Stoke-on-Trent City Council – said: “Etruscan Square is one of the most significant regeneration sites in our city, and for far too long, people have been promised action but have seen little progress. That is going to change.

    “Having grown up and lived here all my life, I know how frustrating it is to see empty sites holding back investment, jobs, and opportunity. It’s a waste, and it’s stopping our city from reaching its full potential. My absolute priority is to put that right—to bring these spaces back into use, to create a thriving city centre, and to keep our promise to regenerate our city.

    “This partnership is a vote of confidence in Stoke-on-Trent’s future. We are working with a developer that has a strong track record of delivering, and together, we will make real progress—delivering high-quality, affordable homes and new opportunities for businesses and residents.

    “This is how we will rebuild our city and restore trust in regeneration: a clear plan, the right partners, and a firm commitment to delivery. No more false dawns—just real, tangible progress for Stoke-on-Trent.”

    Richard Ingham, Director at Genr8 Kajima Regeneration Limited, said: “Etruscan Square presents a unique opportunity to revitalise the city centre through a high quality, residential led mixed-use development.

    “Our track record in delivering large-scale regeneration schemes across the UK is driven by our tenacity and passion for creating transformational, aspirational and sustainable environments where communities can thrive.

    “We look forward to collaborating closely with the Council, and to delivering long-term economic and social value to local residents and businesses.”

    MIL OSI United Kingdom

  • MIL-OSI Europe: President Meloni congratulates new Constitutional Court judges

    Source: Government of Italy (English)

    13 Febbraio 2025

    The President of the Council of Ministers, Giorgia Meloni, today sent a message conveying her congratulations and those of the Government to the new judges of Italy’s Constitutional Court, Roberto Cassinelli, Massimo Luciani, Francesco Saverio Marini and Maria Alessandra Sandulli. President Meloni expressed her satisfaction with the broad consensus reached among parliamentary groups, which made it possible to elect all four members at the same time and reinstate the Constitutional Court’s plenum.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Mine shaft collapse secured in Bishop Auckland

    Source: United Kingdom – Executive Government & Departments

    The Mining Remediation Authority acts quickly to protect people and the environment after hole appears overnight in farmer’s field in County Durham.

    The shaft collapse in Bishop Auckland.

    On 5 February, our Public Safety and Subsidence team was made aware of the collapse in a farmer’s field and over a public bridleway in the Bishop Auckland area.

    The collapse, measuring 7 metres in diameter and up to 50 metres deep, was quickly secured and planning work to fill it began immediately.

    From our mining archives of more than 120,000 mine abandonment plans, we were able to establish that the shaft was recorded on Ordnance Survey maps as far back as 1884, known simply as Old Shaft.

    Ordnance Survey map showing the location of Old Shaft.

    Works to secure the shaft began this week, with more than 100 tonnes of aggregate and other material expected to be needed to fill the shaft and help determine its true depth.

    The site will then be secured and and monitored to ensure there are no further issues.

    Project manager Jordan Owens said:

    It was essential that we acted quickly to make this collapse safe as it was affecting a public bridleway and posed a risk to the public.

    The scale of the collapse was certainly a surprise. It is unusual to see a shaft of this scale and that made it even more important to make the area safe as a priority.

    We are thankful to the landowner for his cooperation during this work.

    This is one of more than 600 incidents that our Public Safety and Subsidence team responds to every year.

    If you notice a mine-related hazard, call our 24/7/365 hazard line on 0800 288 4242.

    For media enquiries contact the community response team

    Email communityresponse@miningremediation.gov.uk

    Telephone 0800 288 4211

    For emergency media enquiries (out of hours) call: 0800 288 4242.
    Only urgent media calls will be attended to.

    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai holds press conference following high-level national security meeting

    Source: Republic of China Taiwan

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

    Details
    2025-01-01
    President Lai delivers 2024 National Day Address
    President Lai Ching-te on the morning of October 10 attended the ROC’s 113th Double Tenth National Day Celebration in the plaza fronting the Presidential Office Building, and delivered an address titled “Taiwan Together for Our Shared Dream.” A translation of the president’s address follows: National Day Celebration Chairperson Han Kuo-yu (韓國瑜), Vice President Bi-khim Hsiao, Premier Cho Jung-tai (卓榮泰), Prime Minister of Tuvalu Feleti Teo and Madame Tausaga Teo, heads of delegations from diplomatic allies and friendly nations, distinguished guests from home and abroad, and my fellow citizens here in person and watching on TV or online: Good morning. Today, we gather together to celebrate the birthday of the Republic of China, praise the beautiful Taiwan of today, and usher in the better Taiwan for tomorrow. One hundred and thirteen years ago, a group of people full of ideals and aspirations rose in revolt and overthrew the imperial regime. Their dream was to establish a democratic republic of the people, to be governed by the people and for the people. Their ideal was to create a nation of freedom, equality, and benevolence. However, the dream of democracy was engulfed in the raging flames of war. The ideal of freedom had for long eroded under authoritarian rule. But we will never forget the Battle of Guningtou 75 years ago, or the August 23 Artillery Battle 66 years ago. Though we arrived on this land at different times and belonged to different communities, we defended Taiwan, Penghu, Kinmen, and Matsu. We defended the Republic of China. We will never forget the Kaohsiung Incident 45 years ago, or wave after wave of democracy movements. Again and again, people who carried the dream of democracy and the ideal of freedom, through valiant sacrifice and devotion, gave their lives to open the door to democracy. Over more than a century, the people’s desire to master their own destiny has finally been fulfilled. My fellow citizens, though the Republic of China was driven out of the international community, the people of Taiwan have never exiled themselves. On this land, the people of Taiwan toil and labor, but when our friends face natural disasters or an unprecedented pandemic, we do not hesitate to extend a helping hand. “Taiwan Can Help” is not just a slogan. It is a movement by the people of Taiwan to cherish peace and do good for others. In the past, our people, going out into the world equipped with only a briefcase, sparked Taiwan’s economic achievements. Now, Taiwan’s chip technology drives the whole world, and has become a global force for prosperity and development. The people of Taiwan are diverse, and they are fearless. Our own Nymphia Wind is a queen on the world stage. The people of Taiwan are truly courageous. Lin Yu-ting (林郁婷), a daughter of Taiwan, is a queen of the boxing world. At 17 years old, Taiwan’s own Tsai Yun-rong (蔡昀融) put steady hands to work and won first place for woodwork in a global skills competition. Chen Sz-yuan (陳思源), at 20, took first for refrigeration and air conditioning, using the skills passed down by his father. A new generation of “Made in Taiwan” youth is putting a new shine on an old label. I want to thank generation after generation of fellow citizens for coming together and staying together through thick and thin. The Republic of China has already put down roots in Taiwan, Penghu, Kinmen, and Matsu. And the Republic of China and the People’s Republic of China are not subordinate to each other. On this land, democracy and freedom are growing and thriving. The People’s Republic of China has no right to represent Taiwan. The 23 million people of Taiwan, now more than ever, must reach out our branches to embrace the future. My fellow citizens, we have overcome challenge after challenge. All along, the Republic of China has shown steadfast resolve; and all along, the people of Taiwan have shown unwavering tenacity. We fully understand that our views are not all the same, but we have always been willing to accept one another. We fully understand that we have differences in opinion, but we have always been willing to keep moving forward hand in hand. This is how the Republic of China Taiwan became what it is today. As president, my mission is to ensure that our nation endures and progresses, and to unite the 23 million people of Taiwan. I will also uphold the commitment to resist annexation or encroachment upon our sovereignty. It is also my mission to safeguard the lives and property of the public, firmly carry out our Four Pillars of Peace action plan, strengthen national defense, stand side by side with democratic countries, jointly demonstrate the strength of deterrence, and ensure peace through strength, so that all generations can lead good lives. All the more, my mission is to care for the lives and livelihoods of the 23 million people of Taiwan, actively develop our economy, and expand investment in social care. I must also ensure that the fruits of our economic growth can be enjoyed by all our people. However, Taiwan faces relentless challenges, and the world’s challenges are just as much our own. The world must achieve sustainable development as we grapple with global climate change. Sudden outbreaks of infectious diseases impact human lives and health around the globe. And expanding authoritarianism is posing a host of challenges to the rules-based international order, threatening our hard-won free and democratic way of life. For these reasons, I have established three committees at the Presidential Office: the National Climate Change Committee, the Healthy Taiwan Promotion Committee, and the Whole-of-Society Defense Resilience Committee. These committees are interrelated, and they are closely connected by the theme of national resilience. We intend to build up a more resilient Taiwan, proactively deal with challenges, and bring Taiwan into deeper cooperation with the international community. We must strengthen Taiwan’s ability to adapt to the risks associated with extreme weather, continue promoting our second energy transition, and ensure a stable power supply. We must steadily advance toward our goal of net-zero transition by 2050 through the development of more forms of green energy, deep energy saving, and advanced energy storage. In terms of health, we must effectively fight the spread of global infectious diseases, and raise the population’s average life expectancy while reducing time spent living with illness or disability. We must achieve health equality so that people are healthy, the nation is stronger, and so that the world embraces Taiwan. Finally, we must strengthen resilience throughout Taiwan in national defense, economic livelihoods, disaster prevention, and democracy. As the people of Taiwan become more united, our nation grows more stable. As our society becomes better prepared, our nation grows more secure, and there is also greater peace and stability in the Taiwan Strait. Taiwan is resolved in our commitment to upholding peace and stability in the Taiwan Strait and achieving global security and prosperity. We are willing to work with China on addressing climate change, combatting infectious diseases, and maintaining regional security to pursue peace and mutual prosperity for the well-being of the people on the two sides of the Taiwan Strait. For a long time now, countries around the world have supported China, invested in China, and assisted China in joining the World Trade Organization, thereby promoting China’s economic development and enhancing its national strength. This was done out of the hope that China would join the rest of the world in making global contributions, that internally it would place importance on the livelihoods of the people, and that externally it would maintain peace. As we stand here today, international tensions are on the rise, and each day countless innocents are suffering injuries or losing their lives in conflict. We hope that China will live up to the expectations of the international community, that it will apply its influence and work with other countries toward ending Russia’s invasion of Ukraine and conflicts in the Middle East. And we hope that it will take up its international responsibilities and, along with Taiwan, contribute to the peace, security, and prosperity of the region and the globe. In an era when the international landscape is becoming increasingly chaotic, Taiwan will become more calm, more confident, and stronger; it will become a force for regional peace, stability, and prosperity. I believe that a stronger democratic Taiwan is not only the ideal of our 23 million people, but also the expectation of the international community. We will continue to make Taiwan stronger and promote cross-sector economic development. Taiwan’s economic strength is no “miracle”; it is the result of the joint efforts of all the people of Taiwan. We must strive for an innovative economy, a balanced Taiwan, and inclusive growth; we must stay on top of changes in global trends, and continue to remain a key player in supply chains for global democracies. Going forward, in addition to our 5+2 innovative industries plan and Six Core Strategic Industries policy, we will more vigorously develop Taiwan’s Five Trusted Industry Sectors, namely semiconductors, AI, military, security and surveillance, and next-generation communications, and help expand their global presence. We will also promote the transformation and development of medium, small, and micro enterprises and help them develop their international markets. My fellow citizens, we will continue working to achieve a Taiwan that is balanced across all its regions. In the central government’s proposed general budget plan for next year, general grants for local governments and general centrally funded tax revenues increased significantly, by NT$89.5 billion, reaching a total of NT$724.1 billion, a record high. And our budget for flood control will be raised by NT$15.9 billion from this year, bringing the total to NT$55.1 billion. This will help municipalities across the country in addressing the challenges of extreme weather.  We will also expedite improvements to the safety of our national road network and create a human-friendly transportation environment. Furthermore, we will improve our mass rapid transit network and connect the greater Taipei area comprising Taipei, New Taipei, Keelung, and Taoyuan. We will roll out the new Silicon Valley plan for Taoyuan, Hsinchu, and Miaoli to form a central technology cluster connecting the north with the south and launch the Smart Technology Southern Industrial Ecosystem Development Plan. We will accelerate promotion of safety in our eastern transportation network so that locals can go home on safer roads. We will also enhance basic infrastructure in the outlying island areas to raise the quality of life for locals and increase their capacity for tourism. My fellow citizens, we must all the more ensure the well-being of our people across the generations. To our young parents, we will continue to promote version 2.0 of our national childcare policy for ages 0–6. We are going even further by already increasing childcare subsidies, and we will also enhance the quality of preschool services. Children are the future of our country, and the government has the responsibility to help take care of them. To our young students, we will continue to provide free tuition for students of high schools and vocational high schools, and we will also continue to subsidize tuition for students of private junior colleges, colleges, and universities. And we are taking that a step further by establishing the Ten-Billion-Dollar Youth Overseas Dream Fund. Young people have dreams, and the government has the responsibility to help youth realize those dreams. To our young adults and those in the prime of life, next year, the minimum wage will once again be raised, and the number of rent-subsidized housing units will be increased. We will expand investment in society and provide more support across life, work, housing, and health, and support for the young and old. Raising a family is hard work, and the government has a responsibility to help lighten the load. To our senior citizens all around Taiwan, next year, Taiwan will become a “super-aged society.” In advance, we will launch our Long-term Care 3.0 Plan and gradually implement the 888 Program for the prevention and treatment of chronic diseases. We will also establish a NT$10 billion fund for new cancer drugs and advance the Healthy Taiwan Cultivation Plan. We will build a stronger social safety net and provide enhanced care for the disadvantaged. And we will bring mental health support to people of all ages, including the young and middle-aged, to truly achieve care for all people of all ages throughout the whole of our society. I am deeply aware that what everyone cares about the most is the pressure of high housing prices, and that what they most detest is rampant fraud. I give the people my promise that our administration will not shirk these issues; even if it offends certain groups, we will address them no matter the price. We will redouble our efforts to combat fraud and fight housing speculation. We will expand care for renters and strike a balance with the needs of people looking to change homes. We will walk together, continuing down the path toward achieving housing justice. We have with us today former President Chen Shui-bian, former President Tsai Ing-wen, and leaders from different political parties. I want to thank all of you for attending. Your presence represents the strength our nation has built up over generations, as well as the values and significance of Taiwan’s diverse democracy. Our nation must become more united, and our society must grow more stable. I also want to thank Legislative Yuan President Han and Premier Cho for recently initiating cooperation among the ruling and opposition parties to facilitate discussion among the ruling and opposition party caucuses. In democratic countries, political parties internally promote the nation’s progress through competition, and externally they unite to work toward achieving national interests. No matter our political party, no matter our political stances, national interests come before the interests of parties, and the interests of parties can never take precedence over the interests of the people. And this is precisely the spirit upheld by those who sacrificed, who gave everything they had, in order to establish the Republic of China. This is the lesson we take from our predecessors who, generation upon generation, overcame authoritarianism, and sacrificed and devoted themselves to the pursuit of democracy. That is precisely why, regardless of party affiliation or regardless of our differences, we are gathered here today. Regardless of what name we choose to call our nation – the Republic of China; Taiwan; or the Republic of China Taiwan – we must all share common convictions: Our determination to defend our national sovereignty remains unchanged. Our efforts to maintain the status quo of peace and stability in the Taiwan Strait remain unchanged. Our commitment to hoping for parity and dignity, and healthy and orderly dialogue and exchanges between the two sides of the strait remains unchanged. Our determination, from one generation to the next, to protect our free and democratic way of life remains unchanged. I believe this is the dream that Taiwan’s 23 million people all share; it is also the shared ideal that Taiwanese society and the international community hold. The stronger the commitment of the Taiwanese people, the greater the tenacity of democracy around the world. The greater the tenacity of the Taiwanese people, the stronger the commitment of democracy around the world. Let’s keep going, Republic of China! Let’s keep going, Taiwan! Regardless of our differences, let’s keep going forward! Thank you.

    Details
    2025-01-01
    President Lai’s remarks on legislative amendments
    On the morning of June 24, President Lai Ching-te delivered his remarks on recent legislative amendments. In remarks, President Lai emphasized opposition to an expansion of legislative power, not legislative reforms, and said that the legislature should naturally engage in reforms, but refrain from an excessive expansion of power, adding that any proposal for legislative reform should remain legal and constitutional. Particularly, the president said, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan, and more importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, the president stated that he will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. Emphasizing that the president’s role is as a guardian of democratic and constitutional governance, President Lai said that given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon him to perform his duties as president and take action. Today, he said, he has decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. Stating that this approach is responsible to our nation and to our history and actually reflects the expectations of the people, the president expressed his hope that all of our fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. A translation of President Lai’s remarks follows: One month ago, I was sworn in as president, taking an oath before the people to observe the Constitution and faithfully perform my duties. Therefore, following the legislature’s passing of amendments to the Law Governing the Legislative Yuan’s Power and to the Criminal Code, earlier this morning, I signed these amendments into law in accordance with the Constitution, and will promulgate the bills today. However, aside from the deliberative process over the amendments raising pronounced concerns from the public, the contents of the bills also risk compromising the constitutional principle of separation of powers, as well as that of checks and balances. A moment ago, Attorney Hong Wei-sheng (洪偉勝) explained our reasons for seeking to petition for a constitutional interpretation. I would like to share with our fellow citizens that it is the responsibility and mission of the president to safeguard our free and democratic constitutional system and protect the rights of the people. In a free and democratic constitutional system, core principles include separation of powers, checks and balances, and the protection of human rights. Separation of powers should be based on the Constitution, with the branches working independently while respecting one another. Regarding checks and balances, branches should function according to their institutional design to ensure constitutionally responsible government. Therefore, I must emphasize that we are opposing an expansion of legislative power, not legislative reforms. The legislature should naturally engage in reforms, but refrain from an excessive expansion of power. Any proposal for legislative reform should remain legal and constitutional. Particularly, the investigative powers of the Legislative Yuan should not infringe upon the powers of the judiciary or the Control Yuan. More importantly, they must not infringe upon people’s basic rights, including the right to privacy, trade secrets, and the freedom to withhold expression. Therefore, on the basis of safeguarding the constitutional order and protecting the rights of the people, I will petition the Constitutional Court for a constitutional interpretation, as well as petition for a preliminary injunction. On the issue of the president giving an address on the state of the nation at the Legislative Yuan, there are already existing regulations in place in the Constitution and the Law Governing the Legislative Yuan’s Power. During legislative sessions, the legislature may invite the president to give a state of the nation address on national security and major policies. I have previously said that on the condition of legal and constitutional procedures, I am willing to deliver a state of the nation address at the Legislative Yuan. However, recent amendments passed by the legislature redefine the president’s address on the state of the nation as compulsory and require that the address be followed with an on-the-spot question and answer session, in an attempt to change the design of responsible government in the Constitution. This disrupts the institution of the Executive Yuan being responsible to the Legislative Yuan, leading to concerns about an overreaching expansion of the power originally bestowed to legislators by the Constitution. As president, I will not impose my personal opinions on the constitutional order; nor will I place my personal interests before national interests. As a physician, I deeply understand that any diagnosis should be made with care. When performing organ transplants, the physician must carefully evaluate and match various attributes, such as blood type, physical constitution, and other conditions. The same principles for treating illness hold true for governing a country. Institutional or legal transplants performed in the absence of careful evaluation or discussion could lead to negative outcomes for the nation’s constitutional governance and the protection of the people’s rights. We must address these issues seriously. Every law has far-reaching impact on our nation, our society, and the next generation. The president’s role is as a guardian of democratic and constitutional governance. Given that there are concerns about the recent amendments being unconstitutional, concerns that they confound constitutional provisions on the separation of powers and those on checks and balances, it is incumbent upon me to perform my duties as president and take action. Today, I have decided to petition the Constitutional Court for a constitutional interpretation to rule on the constitutionality and legitimacy of the recent amendments. This approach is responsible to our nation and to our history and actually reflects the expectations of the people. The Constitution stands as the supreme legal basis of our nation, and the Constitutional Court is the highest judicial organ that works to maintain the constitutional order and protect the rights of citizens. As to the interpretation, ruling and opposition parties must respect and accept the results, no matter what they turn out to be. And we also hope that the public will be able to support the results. In the coming days, as this process of constitutional interpretation unfolds, there will be much discussion and debate among the public. I am confident that this will be a reaffirmation, by Taiwanese society, of our democratic and constitutional governance, and that it will make our democratic society even more mature. For democracy to be even more deeply entrenched, it needs defending, and it needs dialogue. And the historic moment to defend the constitutional structure of free democracy is now. I hope that all of my fellow citizens can work together to safeguard our constitutional system and more deeply entrench our democracy, allowing for the sustainable development of Taiwan’s democracy. Thank you. Also in attendance were Secretary-General to the President Pan Men-an (潘孟安), Deputy Secretary-General to the President Xavier Chang (張惇涵), and agent ad litem Attorney Hong.

    Details
    2025-01-01
    President Lai holds press conference to mark first month in office
    On the morning of June 19, President Lai Ching-te held a press conference marking his first month in office titled “Building Trust through Policy Initiatives: A New Taiwan for an Era of Innovation” to announce the establishment of three committees at the Presidential Office: the National Climate Change Committee, Whole-of-Society Defense Resilience Committee, and Healthy Taiwan Promotion Committee. In remarks, President Lai noted that the goal of the committees is to develop national strategies, engage in dialogue with civil society, deepen cooperation with the international community, and take action for Taiwan’s future. President Lai said he believes that as we actively pursue the transition to net-zero emissions by 2050 and participate in global security cooperation, our people will be healthier and our nation stronger, emphasizing that as Taiwan embraces the world, the world also embraces Taiwan. He stated that we are determined and confident as we guide our nation toward a better future, making the Taiwan of the world an even better place that will continue to contribute to the global community. A translation of President Lai’s remarks follows: As I am about to reach a full month in office as president, I am here today to announce the establishment of three committees at the Presidential Office. The goal of these committees is to develop national strategies, engage in dialogue with civil society, deepen cooperation with the international community, and take action for Taiwan’s future. Taiwan occupies a strategic position on one of the world’s busiest shipping lanes; we play a crucial role on the frontline of the democratic world; our advanced supply chains hold the key to the next generation of technological development. The Taiwan of today is a Taiwan of the world. Anything that happens to Taiwan could send ripples through the entire globe. Therefore, Taiwan’s issues are international issues, and international issues are Taiwan’s issues. Today, climate change, social resilience, and the promotion of health are three major issues that receive international attention; they also create the largest impact on our citizens. In response to these challenges, as well as for further cooperation with other countries, I have decided to establish three committees at the Presidential Office, with myself as the convenor. These committees aim to consolidate forces from government and civil society, to provide effective solutions for our country and for the world. First of all, the impact of climate change and extreme weather events is definitely the largest challenge that humanity faces. In 2022, an annual report from the United Nations pointed out that without proactive measures, average surface temperatures could rise by 2.8 degrees Celsius before the end of the century. And in 2023, we already witnessed the hottest summer in recorded history. The UN has warned that the issue is not only global warming, but that we have rather already entered an era of global boiling. The World Meteorological Organization has also recorded that Asia is a region heavily struck by climate-related disasters. We must face the pressing problems of climate breakdown, and the nations of the world must work together. In response to global climate change, we must address these issues faster, stronger, and more proactively.  Whether it is neighboring Japan or Korea, or other advanced democracies such as the United States, many countries have established agencies to address climate change at the level of the president or prime minister, with the goal of adopting proactive measures. Therefore, I will establish a National Climate Change Committee, with Executive Yuan Vice President Cheng Li-chiun (鄭麗君), Academia Sinica President James C. Liao (廖俊智), and Pegatron Corporation Chairman Tung Tzu-hsien (童子賢) as deputy convenors. The committee will promote climate governance from a national perspective and further transnational cooperation. Taiwan must not only continue to promote energy transition, but also put into practice the twin green and digital transition, as well as a just transition. We aim to realize a net-zero pathway, build a sustainable green lifestyle and green finance, and enhance environmental resilience to foster a sustainable homeland. I must also emphasize that transition to net-zero emissions by 2050 is no longer just an idealistic proposal, but an inevitable future. This path is extremely challenging, so we must face reality and rally the entire nation to strive together. We need a more comprehensive strategy to guide businesses and the public, implementing changes in energy, industry, finance, and daily life. Secondly, in the face of severe disasters caused by earthquakes and climate change, Taiwan must accelerate its efforts to strengthen the resilience of our entire society. The world is watching how Taiwan can demonstrate strong resilience in defending itself and deter the ambitions that seek to disrupt regional peace and stability. Only when our entire society possesses a strong will for self-defense and an unwavering confidence in ourselves can Taiwan effectively respond to various disasters and risks and grow stronger. Just days ago, the G7 leaders issued a communiqué, reaffirming that “maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity.” This means that as the resilience of Taiwanese society is strengthened, Taiwan’s security is enhanced; and as Taiwan’s security is strengthened, we also enhance global security and prosperity. Therefore, I will establish the Whole-of-Society Defense Resilience Committee, with Vice President Bi-khim Hsiao, Secretary-General to the President Pan Men-an (潘孟安), and National Security Council (NSC) Secretary-General Joseph Wu (吳釗燮) serving as deputy conveners. By thinking ahead and being prepared, we aim to make Taiwan stronger and instill greater confidence in our people. In times of national emergency or natural disaster, both the government and society will be able to maintain normal operations. We need to expand the training and utilization of civilian forces, enhance material preparation and critical supply distribution systems, and strengthen energy and critical infrastructure security. We must improve social welfare and medical networks, as well as evacuation facilities, ensuring the safety of information, transportation, and financial networks. We need to conduct a comprehensive review and propose solutions to problems, strengthening our resilience in national defense, economic livelihoods, disaster prevention, and democracy. Our goal is to build a stronger and more robust democratic society where we not only safeguard national security, but also maintain regional peace and stability. Finally, I will establish the Healthy Taiwan Promotion Committee to address the challenges of the post-pandemic era. In recent years, major challenges threatening our citizens include antibiotic-resistant superbugs, transnational diseases of unknown origin, and cancer, which is the leading cause of death among the Taiwanese population. Our vision for creating a Healthy Taiwan is to enable people to live long and healthy lives. Dr. Chen Jyh-hong (陳志鴻), convener of the Healthy Taiwan Promotion Alliance, President Wong Chi-huey (翁啟惠) of the Institute for Biotechnology and Medicine Industry, and Minister without Portfolio Chen Shih-chung (陳時中) of the Executive Yuan will serve as deputy conveners for the Healthy Taiwan Promotion Committee. We aim to advance the Healthy Taiwan Cultivation Plan through a health charter. We will improve the employment environment to attract and retain talent. We will optimize the National Health Insurance system for sustainable operation. We are committed to promoting holistic healthcare models and accelerating the application of smart healthcare technologies. Furthermore, we will establish a NT$10 billion fund for new cancer drugs, fully advancing our national plan for cancer prevention and treatment. I have never forgotten my mission as a doctor. I hope to gradually build a Taiwan where the number of years that people live with illness or disability is reduced, and that spent in health is increased. In the future, we must take action to promote healthy living for all, enhance lifelong care, and align Taiwan with sustainable health development around the globe. We must also look toward international cooperation to foster global solidarity in the post-pandemic era. These three committees not only signify unity and collaboration within the current administration and across ministries, but also embody a spirit of interdepartmental, cross-disciplinary, and public-private sector cooperation. These three committees will convene quarterly meetings. We will establish efficient communication platforms to foster social consensus and actively translate our goals into action. By harnessing the strengths of industry, government, academia, research institutions, and civil society sectors, we can effectively address global issues, making Taiwan’s strategies a global solution. In today’s interconnected world, every step Taiwan takes forward is a step forward for the world. Taiwan has capability, technology, and experience to share with the global community. According to last year’s rankings from the Economist Intelligence Unit and this year’s report from the Centre for Asian Philanthropy and Society, Taiwan is recognized as the most democratic and charitable country in Asia. Our achievements in democracy and our actions as a force for good have received international recognition. I believe that as we actively pursue the transition to net-zero emissions by 2050 and participate in global security cooperation, our people will be healthier and our nation stronger. As Taiwan embraces the world, the world also embraces Taiwan. I also want to emphasize that addressing these global issues and challenges requires significant effort and long-term investment of resources to yield results. If we do not start taking action today, we will fall behind tomorrow. So, the time for action is now. Today, the government shoulders its responsibility and leads by example. We are determined and confident as we guide our nation toward a better future, making the Taiwan of the world an even better place that will continue to contribute to the global community. Thank you. Also in attendance were Vice President Hsiao, Secretary-General Pan, NSC Secretary-General Wu, and Deputy Secretary-General to the President Xavier Chang (張惇涵).

    Details
    2025-01-01
    President Lai interviewed by Time magazine
    In a recent interview with Time magazine, President Lai Ching-te responded to questions regarding diplomacy, cross-strait relations, the semiconductor industry, and Taiwan’s domestic economic development. Following is the text of the questions and the president’s responses: Q: Thank you so much for sparing us the time today and congratulations on your election victory. How are you settling into the new job? I know you’ve just moved one level down from where you were previously, but I hope that your access to bubble tea has not been adversely impacted by the new job. President Lai: My interest in bubble tea has not changed. The transition into my new job has also been steady, having just moved from the fourth to the third floor. I had previously served as a legislator, premier, and was vice president for four years, so I have a clear understanding about national policies and the direction of former President Tsai Ing-wen’s past governance. So far, it has been very smooth. Thank you. Q: Obviously you’ve had four months now since your election victory to prepare for this role. How have you spent that time and what advice has [former] President Tsai given you about taking the most important job in Taiwan? President Lai: Over the past four months, the most important task was the transition process with former President Tsai. This included foreign affairs, national defense, cross-strait affairs, and key domestic issues. Some of this took place in meetings at the Presidential Office and some at military facilities and different government agencies. I also worked to assemble a cabinet, inviting Cho Jung-tai (卓榮泰) to be premier. Cheng Li-chiun (鄭麗君) was invited to serve as vice premier, and former National Development Council Minister Kung Ming-hsin (龔明鑫) as secretary-general of the Executive Yuan. Premier Cho has invited people based on talent across political affiliations to form the cabinet. So far, the public response has been positive. As for advice and encouragement from former President Tsai, she emphasized to me that the president’s job is to safeguard the country and uphold the constitutional system of freedom and democracy. Second, we must listen to public opinion and take care of the people. Third, faced with difficult challenges, we should collectively discuss a course of action forward. This way there will be less headwind. Q: Speaking of headwinds, it was just 48 hours after your election victory that Beijing announced that one of Taiwan’s diplomatic allies, Nauru, was now going to switch recognition to Beijing. This seems to be quite a clear signal to you before you’d even stepped into office or made any policy decisions or anything. How concerned are you by Taiwan’s dwindling recognition on the world stage? President Lai: We cooperate with our diplomatic allies in a sincere way, holding to the principles of mutual benefit and reciprocity. We cherish our friendships with our diplomatic allies and thank them for voicing support for Taiwan in the international community, as well as creating greater international space for us. We also greatly value the cooperation projects we have with our diplomatic allies because these help the people of both countries. Taiwan has always held firm to these principles, regardless of which political party is in power. In the case that our diplomatic allies decide to switch allegiances to the People’s Republic of China (PRC), while we wish them well, such harmful actions by the PRC will not affect Taiwan’s status as a beacon of freedom and a bastion of democracy in the world. So, [on this issue of recognition], we are not deeply worried. Q: You chose and invited Bi-khim Hsiao to be your vice president and she left Washington, DC, where she was serving as your de facto ambassador to the US. Does that signify that US-Taiwan relations are going to take on newfound importance for your administration? President Lai: During Vice President Hsiao’s term as ambassador to the United States, she performed exceedingly well. Taiwanese society has recognized her as amongst the very best within our ambassadors to the US. The international community, including the US, has also recognized her outstanding performance. Now as vice president, she can support the new administration in furthering trusted channels with the US, which will help advance our bilateral cooperation. With Bi-khim’s support, we will engage in more substantive cooperation on national security and defense, the economy, and other substantive exchanges. I trust that we will make much progress, as Bi-khim has been instrumental in bridging Taiwan together with the US. Q: In your inauguration speech, you called for resumption of cross-strait dialogue, trade, and educational exchanges but caveated that on dignity and equivalence. What exactly do you mean by dignity and equivalence with the PRC? President Lai: First, the PRC should recognize that the Republic of China (ROC) exists. They should be sincere in building exchanges and cooperation with the popularly elected and legitimate government of Taiwan. Second, each issue should be mutually beneficial and reciprocal. For example, if Taiwan allows tourists to go to China, they should allow tourists to visit Taiwan. And if we let our students go to China, their students should be allowed to come here. Third, as we conduct exchanges and cooperate with each other, we should share a common conviction to enhance the well-being of people on the two sides of the Taiwan Strait, working toward an objective of peace and mutual prosperity. Q: Also, in your speech, you said that the ROC and the PRC are not subservient to each other. That obviously provoked a reaction from Beijing. We saw the military drills but also some of your political opponents here have said that this undermines the strategic ambiguity which has been the bedrock of peace and stability. How do you counter that? Do you think that you were unnecessarily provocative in hindsight? President Lai: What I said was the truth. Moreover, I was not the first person to express this truth. My intention was not to provoke. During her 2021 National Day Address, former President Tsai said as part of her Four Commitments that the ROC and PRC should not be subordinate to each other. Former President Ma Ying-jeou had also once said the ROC is a sovereign and independent state and that neither side of the strait is subordinate to the other. Third, I stated this in accordance with Articles 2 and 3 of the ROC Constitution, given that in Taiwan we have had our own citizens, land, sovereignty, and government for decades. According to international law, we are already a sovereign and independent country. My goal is to bring the people of Taiwan together. Q: In April, US Secretary of State Antony Blinken traveled to Beijing and met with Xi Jinping. From diplomatic sources, he became quite animated when discussing the status of Taiwan and US support for Taiwan. Do you worry that President Xi is becoming emboldened and impatient about resolving the so-called Taiwan issue? President Lai: Peace and stability across the Taiwan Strait are indispensable elements of global peace and prosperity. In my inaugural address, I told the international community that I would uphold former President Tsai’s Four Commitments. We will neither yield nor provoke. We will maintain the status quo and fulfill our responsibilities. I also urge President Xi to understand that conflict in the Taiwan Strait and disruptions to peace and stability in the Indo-Pacific region will not be accepted by the international community. I invite President Xi to jointly shoulder with us the responsibility of maintaining peace and stability, building regional prosperity, and advancing world peace. Q: Since we last spoke, China’s economic problems continue to mount. Do you feel that this makes Taiwan more vulnerable, or is this an opportunity for further engagement for mutual benefit? President Lai: I have always believed that a stable China leads to a safer Taiwan. A prosperous Taiwan can also bring about progress in China. Therefore, I do not wish to see growing difficulties in China’s economy or its society become more unstable. Indeed, economic relations between Taiwan and China are the result of divisions of labor within global supply chains. In the past, China was the world’s factory as well as the world’s market. Many countries, including Taiwan, invested in manufacturing in China and sold products manufactured at home via China to the entire world. But today things have changed because China’s business environment has worsened. China has placed ever stricter controls on the free market. They have adopted a policy of placing state-owned businesses first, at the expense of the private sector. China’s intellectual property rights protection has also long fallen short of international expectations. In addition, China’s military expansionism in the East and South China Seas has impacted regional peace and stability. This is why capital investment from Taiwan and other countries is no longer heading to China at the pace it was in the past. Taiwanese companies have pulled out of China’s manufacturing sector en masse, favoring countries in the Indo-Pacific – including Japan – the US, and Europe. In 2010, investments in China accounted for 83.8 percent of Taiwan’s total foreign investment, meaning that for every NT$100, NT$83.8 was invested in China. During the same period of time, over half of Taiwan’s foreign trade was dependent on China. Parts and equipment produced in Taiwan were sent to China for assembly or used in the production of other goods, and then the finished products were sold internationally. Last year, investment in China accounted for only 11.4 percent of Taiwan’s total foreign investment, dropping from 83.8 percent. Taiwan’s foreign trade with China also fell from its previous high of over 50 percent, totaling 35.5 percent in 2023. Despite this, Taiwan’s economic growth rate has averaged 3.15 percent over the past eight years – ranking first among the Four Asian Tigers. During former President Tsai’s eight-year term, the stock market grew by 155.5 percent and its value increased 1.8-fold. When former President Tsai first assumed office, the stock market was a little over 8,000 points; it has now surpassed 20,000 points. In other words, even as China’s economy has continued to decline, Taiwan’s economy has continued to grow and has not been affected by China. Taiwan’s new government is willing to assist China and advance peace and prosperity across the Taiwan Strait. Q: Obviously Taiwan is central to global supply chains when it comes to semiconductors, producing 90 percent of the most advanced chips, but US export restrictions are preventing those chips from going to China. You mentioned that Taiwanese investment in China is plummeting. At the same time, Taiwan companies like TSMC are benefiting from billions of dollars from the US Chips Act. Do you fear that key players in Taiwan’s business industrial base moving closer to the US and being kept apart from China is increasing the risk of conflict? President Lai: In this era of smart technologies, semiconductors have become crucial industrial products. In the future, if all aspects of life – including food, clothing, housing, and transportation – are to be technologically advanced and intelligent, semiconductors will be indispensable. The industry runs on a global division of labor. From research and development, design, manufacturing, raw materials, and equipment, it is a worldwide industrial chain. Taiwan is involved in integrated circuit design, wafer manufacturing, and end-of-line packaging and testing, but raw materials are distributed across other countries. For example, components, equipment, and technology are sourced from the US, Japan, and the Netherlands. As we can see, this is an industry with a global division of labor. Although Taiwan has an advantage in the semiconductor industry, Taiwan also has a responsibility to promote global prosperity and development. Consequently, if semiconductor companies, including Taiwan Semiconductor Manufacturing Company (TSMC), decide to expand in the US, Japan, Europe, or other countries consistent with their own business interests, the government will respect their decisions. Geopolitical changes will continue to impact the distribution of semiconductor companies. Given that the restructuring of global supply chains is not specific to any single country, I do not believe that this will increase the risk of conflict. Q: Your only trip to China was in 2014 when you were serving as mayor of Tainan. I understand that you had some quite open and frank discussions with students in Shanghai about Taiwanese aspirations for independence. What did you learn from that interaction? President Lai: In 2014, I visited Shanghai because the Tainan City government organized a traveling art exhibition to commemorate the 120th anniversary of Chen Cheng-po’s (陳澄波) birth. During my interactions with the Shanghai municipal government and Fudan University, I made it clear that the two sides of the Taiwan Strait should seek common ground and set aside differences. Through exchanges and cooperation, we should promote mutual understanding, empathy, reconciliation, and peaceful development. Q: You won the election with over 40 percent of the vote, but the DPP lost control of the legislature, and so you need to work across the aisle with opposition parties to get your domestic agenda across. It’s not been a very harmonious time in the Legislative Yuan at the moment. We’ve seen brawls and a lot of sniping over the new bill to increase scrutiny of the executive branch. How confident are you that you can overcome these differences to have a constructive relationship with the opposition parties? President Lai: I remain fully confident about the future development of Taiwan. This is because of our democracy. After decades of collective effort, as well as the numerous sacrifices and contributions of many people, the vitality and values of democracy are deeply imbued within the Taiwanese people. These democratic values are an important foundation as I promote future national policy priorities. In my inaugural address, I mentioned that a divided legislature is the will of the people. This provides an opportunity for each party to share their ideas and jointly bear the responsibility of serving the nation. At the same time, if any one party does not live up to public expectations, I trust that people will respond accordingly so that the country can still move forward. In my address, I also pointed out that Taiwan will continue to move in the direction of democracy, peace, and prosperity, linking us with the international community. I will pursue policies that further entrench Taiwan’s democracy, maintain regional peace, and allow Taiwan to engage with the international community to enhance global prosperity and development. This roadmap will benefit both our country and its people. I do not think opposition parties will strongly oppose bills related to this roadmap. Q: Some of your DPP colleagues have pointed out that 17 KMT lawmakers went to China recently and met with Wang Huning, and they have openly accused the KMT of being a fifth column for the CCP in trying to disrupt your administration. Is that an opinion that you share? President Lai: In a democratic society, the interests of the people should take precedent; this is the principle of democracy at work. As a result, political parties should put national interests above their own – that is their sacred duty . As Taiwan faces different forms of pressure from China, everybody, regardless of party affiliation, should put the people first and prioritize national interests. They should not let themselves be influenced by any authoritarian country. Q: The CCP has refused to engage with your administration or the DPP. Is it beneficial for the KMT to have trips to China and engagements with China, whether it’s Ma Ying-jeou on an unofficial basis or KMT lawmakers? President Lai: The people of Taiwan and all political parties – regardless of affiliation – should recognize and respond to the fact that China’s ambition to annex Taiwan is part of their national policy. Only by coming together domestically and strengthening our global linkages can we maintain our sovereignty, freedom, and democratic way of life. By doing so, we will have the capacity and opportunity to determine our own future. No political party should sacrifice national sovereignty for political gain. Q: Following the devastating Hualien earthquake just a month ago, China offered to send aid to Taiwan but was rebuffed. You hadn’t taken office at that point. But do you feel that was the right decision? Do you think it could have been an opportunity to mend bridges across the strait? President Lai: Taiwan very much cherishes the expressions of concern and support we received from the global community. International assistance creates a positive feedback loop that helps us come together in times of need. This helps support global development and stability. With this being said, at the time, China had offered 100 prefabricated homes, which was not what the people affected by the Hualien earthquake required. When central Taiwan was struck by a major earthquake on September 21, 1999, the government had provided such homes to alleviate housing shortages at the time. However, over the past 20 or 30 years, Taiwan has accumulated greater experience and capacity for search and rescue and post-disaster reconstruction. We have moved past the period of requiring prefabricated housing. Today, if a home is made unsafe by an earthquake, a red notice will be attached to the structure. We will consequently provide financial support for both the property and its reconstruction. If people need to live in a hotel or guesthouse, stay with a relative, or rent a place to stay, these costs will also be subsidized until the home has been rebuilt. Therefore, we did not require prefabricated homes. People living in hotels or guesthouses also supported the tourism industry, which was affected by a large drop in visitors following the earthquake. Q: Some in the opposition want to restart negotiations for the cross-strait service trade agreement for close economic integration with China. Why do you oppose such a move?  President Lai: In short, the time for this has long passed. As I said, many Taiwanese businesses have left China. Looking ahead, we can see substantive differences opening up between Taiwan’s economy and China’s present economic structure. If the cross-strait service trade agreement were passed, Chinese business owners could come to Taiwan and set up shop with as little as NT$6 million dollars. And it is not just a matter of the owners – they could also bring employees over. This would greatly affect Taiwan’s local economy. Q: Beijing is aggressively courting the Global South to back its claim over Taiwan with 28 nations, according to recent reporting, firmly supporting China’s push for reunification. How important is it to win the argument over Taiwan’s right for autonomy amongst the international community, especially those of the Global South? President Lai: I hope that all countries will respect the choice of Taiwan’s people. The will of the people should not be subject to decisions made by a majority or show of hands [in international fora]. Neither should our people be threatened by violence or the threat of war. China is presently engaged in lawfare, which is affecting support for Taiwan internationally. While Taiwan will do its best to speak up for our own rights and interests, I hope that the international community will also continue to assist, understand, and support Taiwan. This is because if China’s attempts at lawfare were to succeed, this would affect Taiwan’s global backing, be it in times of peace or war. Q: Domestically in Taiwan, a lot of Taiwan people are struggling with a growing but slow economy, rising prices, and stagnated wages. What is your plan to try to help the average Taiwanese person? President Lai: I have been deeply focused on supporting the salaries and lives of our grassroots workers. I also prioritize reducing the gap between the rich and poor, as well as efforts to give our young people a brighter future. I will faithfully implement the Minimum Wage Act that was passed under former President Tsai. With this act, minimum wage increases will be based on how the GDP or prices increase. More importantly, we must help our industries upgrade and our economy transform. In my inaugural address, I said that economic development will take a threefold approach. First, we will have a clear view for a smart, sustainable future. In other words, we must use technology to address climate change and respond to the global era of smart technologies. We will have an innovative economy and create a new Taiwan that is both smart and sustainable. Second, we will expand the space industry, exploring the future by developing medium- and low-orbit communications satellites and drones. We will also use our strengths as a maritime nation to explore the ocean, helping related industries grow and develop in many directions. Third, we will help our enterprises expand their presence and markets internationally. We will improve Taiwan’s investment environment and take care of our small- and medium-sized enterprises while helping our industries in their global reach. This will grow Taiwan’s economy, leading to development and creating an environment conducive to higher wages. During my election campaign, I put forward a National Project of Hope. With this, we will invest more in our society, take better care of both young and elderly people, as well as all those who need care. We will close the wealth gap, while supporting the people’s welfare and the future of our young people. Q: President Lai, thank you. You’ve been very generous with your time. But just to end off, we spoke before how you grew up in Wanli in a poor family and your father died when you were very young. You worked very hard to become a doctor and your mother wasn’t very keen about you taking a diversion route into politics. Now you’ve reached the very top of the political ladder in Taiwan, do you think that your mother would be proud, that she would have forgiven you for defying her? President Lai: My mother was just an ordinary person and, like many mothers in Taiwan’s society at that time, worked hard, took care of her family, and hoped that her children would grow up safe and sound. What probably mattered most to my mother was that I was safe and healthy. It did not matter to her whether I became a politician or not, just as I had no expectation that one day I would sit here in the Presidential Office. In fact, when I was little, I hoped to become a doctor so as to take care of the sick, relieve suffering, and save lives. But during the process of Taiwan’s democratization, many young people devoted themselves to politics, including myself. I had no idea that I would continue down this path, much less be here today. My mother told me that if people support me, then I should run for election; if not, then I should continue as a doctor. In other words, my mother felt that I probably would not pursue politics for very long. We were from the countryside and did not come from a political family. However, I attribute my success to Taiwan’s democratization. If it were not for the sacrifices, contributions, and achievements of countless individuals up until now, I could not have been afforded the opportunity to sit here. My responsibility is to further deepen Taiwan’s democracy and enable hardworking people from all walks of life to realize their ideals and contribute to our country.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Security: IAEA Mission Recognizes Thailand’s Commitment to Improve Nuclear and Radiation Safety

    Source: International Atomic Energy Agency – IAEA

    Members of the IRRS team visited and observed regulatory inspection activities at Thailand’s TRR-1/M1 research reactor in Bangkok. (Photo: Office of Atoms for Peace, Thailand)

    An International Atomic Energy Agency (IAEA) team of experts said Thailand is committed to strengthening its national regulatory framework for safety. The team also identified some areas for further enhancements and encouraged the country to establish a national policy and strategy for safety, following a systematic and incremental approach to continuously improve the regulatory infrastructure.

    The Integrated Regulatory Review Service (IRRS) mission, which concluded on 14 February, was conducted at the request of the Government of Thailand and hosted by the Office of Atoms for Peace (OAP). It was the first IRRS mission conducted in the country. Last year, the IAEA completed an International Nuclear Security Advisory Service, Integrated Nuclear Infrastructure Review for Research Reactors and Occupational Radiation Protection Appraisal Service.

    Thailand does not have any nuclear power plants but uses radiation sources in medical, scientific and industrial applications. Thailand’s TRR-1/M1 research reactor has been in operation since 1977. The TRIGA Mark III reactor produces isotopes such as samarium-153, which is used in nuclear medicine, and functions as a neutron imaging facility in addition to serving as a key training centre. The Southeast Asian country is preparing to build on this experience and aims to construct two new research reactors.

    The 12-day IRRS mission covered the legal framework for safety, regulatory processes, emergency preparedness and response, and the interfaces with nuclear security. IRRS missions are designed to strengthen the effectiveness of the national nuclear and radiation safety regulatory infrastructure, based on IAEA safety standards and international good practices, while recognizing the responsibility of each country to ensure nuclear and radiation safety.

    The IRRS team – comprised of 15 regulatory experts from 14 countries, as well as three IAEA staff members – conducted interviews and discussions with OAP staff and representatives from the Department of Medical Science of the Ministry of Public Health. Members of the IRRS team also visited and observed regulatory inspection activities at the Thai Nampthip industrial facility, Bhumibol Hospital and two facilities at the Thailand Institute of Nuclear Technology (TINT) – a radioactive waste management facility and the TRR-1/M1 research reactor.

    “The team was very satisfied with the openness and the spirit of collaboration of the staff of the participating organizations,” said Joao Oliveira Martins, IRRS team leader and Director for Emergencies and Radiation Protection at Portugal’s Environmental Protection Agency. “The team has observed a strong commitment to nuclear and radiation safety, and there are also opportunities to further strengthen the regulatory framework, for example, in relation to medical exposure. I am confident that the mission’s recommendations will support the national authorities and will contribute to the continuous improvement efforts.”

    The IRRS team observed that OAP should develop and keep updated a comprehensive human resource plan and should continue enhancing its management system by establishing processes needed for organizational management and to integrate the performance of all regulatory functions.

    The team identified areas of good performances, including:

    • The comprehensive and high-level governmental composition of the Nuclear Energy for Peace Commission, a government entity including expert level subcommittees, which provides a robust foundation for building and sustaining the framework for safety;
    • OAP’s public and informational activities with regard to safety for consumer products, such as the production of artificially coloured gemstones;
    • The extensive efforts of OAP to develop capacities to perform independent review and assessment of the applications for authorization of the two research reactors at different stages of design and construction; and
    • OAP’s efforts to establish a work environment that fosters an organizational safety culture that supports and encourages trust, collaboration and engagement among staff.

    The team also provided recommendations and suggestions to help Thailand enhance its regulatory framework, including for the Government to:

    • Adopt a national policy and strategy for nuclear and radiation safety;
    • Strengthen the legal and regulatory framework for the regulation of medical exposure; and
    • Review or establish additional regulations to fill existing gaps in the regulatory framework.  

    “The recommendations and suggestions will be analysed carefully, and we will do our best to implement them and to achieve appropriate improvement in our national regulatory framework, infrastructure and activities for compliance with the IAEA’s standards and requirements,” said Pennapa Kanchana, OAP Deputy Secretary General.

    “Thailand’s commitment to safety is well demonstrated by the proactive approach of the national authorities to enrich their competence for safety, drawing lessons from the experiences of experts from other countries through IAEA peer review and advisory services,” said Hildegarde Vandenhove, Director of the IAEA Division on Radiation, Transport and Waste Safety.

    The IRRS team’s final report will be provided to the Government of Thailand in about three months.

    IAEA Safety Standards

    The IAEA Safety Standards provide a robust framework of fundamental principles, requirements and guidance to ensure safety. They reflect an international consensus and serve as a global reference for protecting people and the environment from the harmful effects of ionizing radiation.

    MIL Security OSI

  • MIL-OSI United Kingdom: His Majesty The King honours Mr Itsushi Tachi, Former President of the Japan Chevening Alumni Network

    Source: United Kingdom – Executive Government & Departments

    His Majesty King Charles III has approved the award of an honorary BEM (British Empire Medal) to Mr Itsushi Tachi for services to people-to-people relations between the UK and Japan.

    Mr Tachi was a recipient of a Chevening scholarship which allowed him to complete an MSc in Economics at the London School of Economics and Political Science in the 1980s. Three decades later, he and five other Japanese Chevening alumni decided to form a Chevening alumni association in Japan. Mr Tachi led the preparatory work, and liaison with alumni and the British Embassy, becoming the founding President of the Japan Chevening Alumni Network (JCAN).

    Since its foundation in 2016, JCAN has undergone a dramatic expansion in membership, activities and profile, helping to enhance connections between the UK Government and its Chevening alumni, and creating a lasting legacy of people-to-people ties between the UK and Japan.

    Footnote:

    The Chevening Scholarship is an international scholarship, funded by the FCDO and partner organizations, that enables foreign students to study a Masters degree at universities in the United Kingdom. More information can be found on https://www.chevening.org/

    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: His Majesty The King honours Mrs Yoshiko Mori, Chairperson Emerita, Mori Art Museum

    Source: United Kingdom – Executive Government & Departments

    His Majesty King Charles III has approved the award of Honorary OBE (Officer of the Most Excellent Order of the British Empire) to Mrs Yoshiko Mori in recognition of her contribution to UK-Japan culture and education.

    As Chairperson of the Mori Art Museum and a member of the Board of Directors of the Mori Building Company, Mrs Mori has positioned the arts and culture at the heart of one of Japan’s largest and most transformational real estate developers.

    Under her stewardship the Mori Art Museum has championed and supported a wide range of UK artists, and has helped to showcase the strength and diversity of British art to millions of people in Japan.

    Beyond the Mori Art Museum, Mrs Mori served for many years in a voluntary role as a Trustee of the Royal Academy of Arts, an independent charity that promotes art and artists. She has also been a champion of international education, and her vision for placing education at the heart of cutting-edge urban development contributed to the establishment of the new British School Tokyo campus at Azabudai Hills, which showcases cutting-edge British design and leadership in educational innovation.

    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Year-end Report – January-December 2024

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM – 14 February 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today publishes its Year-end Report January-December 2024. The full report is available on the Company’s website.

    “Stronger liquidity will ensure our ongoing ability to continue advancing the portfolio companies who are at earlier stages in the development phase and offer the potential for creating substantial value going forward”, says Viktor Drvota, CEO, Karolinska Development.

    Significant events during the fourth quarter

    • The portfolio company Umecrine Cognition presented new preclinical data on golexanolone, showing retained dopamine signaling in Parkinson’s disease, at the 10th International Conference on Neurology and Brain Disorders 2024 in Baltimore, Maryland, US (October 2024).
    • The portfolio company SVF Vaccines, presented positive clinical safety and immunogenicity data from a clinical phase 1 study of the universal Covid-19 vaccine candidate, SVF-002 (October 2024).
    • The portfolio company BOOST Pharma successfully completed a pre-IND meeting with the U.S. Food and Drug Administration, FDA, for its cell therapy aiming to treat children with the rare bone disease Osteogenesis Imperfecta (OI). The positive outcome from the meeting triggered the second tranche of previously agreed investment from Karolinska Development (November 2024).
    • Karolinska Development’s Extra General Shareholders’ Meeting on 13 November 2024 decided, among other things, to elect Will Zeng, with the dismissal of the current director Theresa Tse, as a new director of the Board of Directors. The current directors Hans Wigzell, Anna Lefevre Skjöldebrand, Benjamin Toogood and Philip Duong remain as directors of the Board of Directors and Hans Wigzell remains as chairperson (November 2024).
    • The portfolio company SVF Vaccines appointed Dr Gaston Picchio as acting CEO. He will assume the position with effect from November 15th, as Dr Richard Bethell decided to step down as CEO to pursue other professional interests while remaining associated with the company in an advisory role (November 2024).
    • The portfolio company Umecrine Cognition presented data from a recent interim analysis from an ongoing Phase 1b/2a clinical study of golexanolone in patients with Primary Biliary Cholangitis. The preliminary results show that golexanolone was well-tolerated and achieved drug exposure levels that correlate to clinical treatment doses. The results were presented at the Late Breaking Poster session at the American Association for the Study of Liver Diseases’ (AALSD) 75th Liver Meeting, in San Diego, CA, USA, on November 18, 2024 (November 2024).
    • The portfolio company Modus Therapeutics secured access to bridge financing of up to SEK 5 million from Karolinska Development, the company’s largest shareholder. The funding enabled Modus to initiate the recently approved phase 2a study in chronic kidney disease (November 2024).
    • Karolinska Development announced that the company has decided to implement organizational changes in order to reduce the cost base of its operations. The changes involve reducing the management team by one person and giving notice of redundancy to a total of three employees. This is estimated to reduce the company’s personnel costs by approximately 20 percent (December 2024).
    • The portfolio company, Modus Therapeutics, dosed the first patient in a phase 2 clinical study of the drug candidate sevuparin, evaluated as a treatment for chronic kidney disease with anemia. The study is being conducted at Centro Ricerche Cliniche di Verona in Italy (December 2024).
    • Karolinska Development divested 4,6 million shares in the portfolio company OssDsign and thereby strengthened the investment company’s liquidity. Karolinska Development holds nearly 5 million shares in OssDisgn after the divestment (December 2024).
    • Karolinska Development announced that the company’s Chairman of the Board, Professor Hans Wigzell, has decided to resign from his position. The Board of Directors of Karolinska Development appointed Ben Toogood as new Chairman until the next General Shareholders’ Meeting (December 2024).
    • The portfolio company Umecrine Cognition raised SEK 23.8 million through a convertible loan to be used for the continuation of the company’s clinical study of golexanolone in primary biliary cholangitis. The convertible loan with attached share options is directed to a consortium of investors (December 2024).

    Significant post-period events

    • The portfolio company AnaCardio secured SEK 205 million in a series A extension financing round and reported positive results from the first part of a Phase 1b/2a study of AC01 in patients with heart failure and reduced ejection fraction. The final part of the study (phase 2a) is expected to start during the first quarter of 2025 (January 2025).
    • The portfolio company Dilafor announced that it successfully completed regulatory meetings with the U.S. Food and Drug Administration, FDA, and European Health Agencies, regarding the continued development of the company’s drug candidate tafoxiparin. The completed meetings mark the end of a comprehensive dialogue with regulatory authorities in the US and EU to reach an alignment between the authorities on designing pivotal clinical Phase 3 studies in Europe and the US to evaluate tafoxiparin as a new potential treatment for priming of labor (January 2025).

    Financial update fourth quarter

    • The net profit/loss for the fourth quarter was SEK 18.6 million (SEK -1,9 million in the fourth quarter of 2023). Earnings per share totaled SEK 0.1 (SEK -0.01 in the fourth quarter of 2023).
    • The result of the Change in fair value of shares in portfolio companies for the fourth quarter amounted to SEK 18.7 million (SEK 6.6 million in the fourth quarter of 2023). The result is mainly the effect of the upturn in share price in the listed holdings OssDsign and Modus Therapeutics and also by an increase in value in AnaCardio in connection with the investment round. The upturn was partly offset by a downturn in the share price in the listed holdings.
    • The total fair value of the portfolio was SEK 1,451.5 million at the end of December 2024, corresponding to a decrease of SEK 11.6 million from SEK 1,463.1 million at the end of the previous quarter. The net portfolio fair value at the end of December 2024 was SEK 1,120.8 million, corresponding to a decrease of SEK 1.0 million from SEK 1,121.8 million at the end of the previous quarter. The main reason for the net decrease in fair value was the partial divestment of OssDsign and the downturn in the share price of the listed holding Promimic. The decrease was partially offset by the increase in the price of the listed holdings OssDsign and Modus Therapeutics together with the increase in value of AnaCardio in connection with the investment round. The quarter’s investments in Umecrine Cognition and BOOST Pharma also contributed to the increase in fair value.
    • Net asset value amounted to SEK 1,245.0 million, per share SEK 4.6, at the end of December 2024 (SEK 1,253.4 million, per share SEK 4.6 at the end of December 2023).
    • Net sales totaled SEK 0.5 million during the fourth quarter of 2024 (SEK 0.5 million during the fourth quarter of 2023).
    • Karolinska Development invested a total of SEK 19.4 million in portfolio companies during the fourth quarter of 2024 (SEK 41.6 million in the fourth quarter of 2023). Fourth quarter 2024 investments in portfolio companies by Karolinska Development and other specialized life sciences investors totaled SEK 155.7 million (SEK 125.3 million in the fourth quarter of 2023).
    • Cash and cash equivalents increased by SEK 12.7 million during the fourth quarter, totaling SEK 52.0 million on 31 December 2024 (SEK 85.3 million on 31 December 2023).

    Financial update full-year

    • The full-year net profit/loss was SEK -8.1 million (SEK 5.4 million in 2023). Earnings per share totaled SEK -0.03 (SEK 0.02 in 2023).
    • The full-year result for the change in the fair value of the portfolio amounted to SEK 1.6 million (SEK 15.2 million during 2023).
    • The total fair value of the portfolio was SEK 1,451.5 million at the end of December 2024, an increase from SEK 1,440.3 million at the corresponding date in 2023. The net portfolio fair value was SEK 1,120.8 million, an increase by SEK 10.5 million from SEK 1 110.3 million at the corresponding date in 2023.
    • Net asset value amounted to SEK 1,245.0 million, per share SEK 4.6, at the end of December 2024 (SEK 1,253.4 million, per share SEK 4.6 at the end of December 2023).
    • Revenue totalled SEK 1.8 million for the full-year of 2024 (SEK 2.0 million in 2023).
    • Karolinska Development invested a total of SEK 62.0 (103.0) million in its portfolio companies during the full-year. Full-year investments in the portfolio companies by Karolinska Development and other specialised life sciences investors totalled SEK 490.3 (394.5) million.
    • Karolinska Development’s cash compensation from sold shares and earn-out agreements regarding divested portfolio companies amounted to SEK 42.4 (18.3) million during the year.
    • Cash and cash equivalents decreased by SEK 43.3 million during the full-year, totalling SEK 42.0 (85.5) million on 31 December 2024.
    • The Board does not propose any dividend for the financial year 2024.

    The Year-end Report for Karolinska Development AB for the period January-December 2024 is available as a PDF at www.karolinskadevelopment.com.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Hans Christopher “HC” Toll, CFO, Karolinska Development AB        
    Phone: +46 70 717 00 41, e-mail: hc.toll@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has established a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com

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    The MIL Network

  • MIL-OSI: Publishing of Innofactor’s 2024 Financial Statements Bulletin

    Source: GlobeNewswire (MIL-OSI)

    Innofactor Plc Investor News, on February 14, 2025, at 9:00 Finnish time

    Innofactor Plc will publish its 2024 Financial Statements Bulletin on Friday, February 28, 2025, at approximately 9:00 am Finnish time.

    The financial statement release will be available on the company’s website after publishing.

    Espoo, February 14, 2025

    INNOFACTOR PLC

    Sami Ensio, CEO

    Additional information:
    Sami Ensio, CEO
    Innofactor Plc
    Tel. +358 50 584 2029
    sami.ensio@innofactor.com

    Distribution:
    NASDAQ Helsinki
    Main media
    www.innofactor.com

    Innofactor
    Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its about 1,000 customers in commercial and public sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has about 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. www.innofactor.com #AIDriven #PeopleFirst #BeTheRealYou

    The MIL Network

  • MIL-OSI United Kingdom: Infant formula: CMA outlines clear path forward to help parents save hundreds of pounds a year

    Source: United Kingdom – Executive Government & Departments

    The CMA has set out comprehensive proposals to deliver better outcomes for parents in the infant formula market – both in terms of the choices they make and the prices they pay.

    iStock

    • CMA infant formula study finds that a combination of factors is leading to poor outcomes for parents, who could be saving around £300 a year by switching to a lower priced brand
    • Issues include the design and operation of current regulations and the responses of consumers to advertising which emphasises branding when, in fact, all infant formula will meet babies’ full nutritional needs
    • CMA heard concerns that parents on lower incomes are disproportionately affected due to higher rates of formula feeding
    • CMA final recommendations cover standardised packaging in hospitals; providing clear information to parents in healthcare and retail settings on the nutritional sufficiency of all infant formula; making it easier to compare prices of different brands; extending the ban on advertising to include follow-on formula; and allowing parents to use vouchers and loyalty points to buy infant formula
    • Given the steer from governments that regulatory restrictions on price promotions of infant formula support breastfeeding, the CMA is not recommending removing this ban at this stage, but stands ready to support further consideration of this option if asked

    Following a market study into the infant formula and follow-on formula market, the Competition and Markets Authority (CMA) has issued its final recommendations.

    Sarah Cardell, Chief Executive of the CMA, said:           

    Every parent wants to give their baby the best possible start in life. Many whom need, or choose, to formula feed, pick a brand at a vulnerable moment, based on incomplete information, often believing that higher prices must mean better quality. This is despite NHS advice stating that all brands will meet your baby’s nutritional needs, regardless of brand or price.

    Governments across the UK are committed to the tight regulation of infant formula for public health reasons. So, our proposals are designed to help parents make the best choices for them and their babies, with access to better information, while sharpening the effectiveness of the existing rules.

    Our proposals will also make it easier for regulations to be properly enforced, while ensuring manufacturers and retailers can be more confident in what they can and can’t do according to law.

    We strongly encourage governments to act on the recommendations to stop well-intended regulation driving poor outcomes for consumers. We’re ready to help implement the changes and support thinking around further measures, including removing the ban on price promotions, should governments consider it necessary at a later stage.

    CMA findings

    Advertising and labelling of infant formula is strictly regulated. For example, advertisement and promotion, including price reductions or deals, is restricted so as not to discourage breastfeeding.

    Many parents choose a brand for the first time in vulnerable circumstances – often in hospital immediately after birth – and frequently without the clear, accurate and impartial information needed to make informed decisions. People often feel under pressure, naturally wanting to do what is best for their baby. Many actively choose a more expensive product, assuming this means better quality. However, NHS advice makes clear “It does not matter which brand you choose, they’ll all meet your baby’s nutritional needs, regardless of price”.

    Against this backdrop, rather than competing strongly on price, manufacturers place significant emphasis on building brand awareness to secure customers. For example, some regularly supply the NHS with below cost formula to reach new parents – and once parents have found a brand that works for their baby, they rarely switch.

    Regulation states that the labelling and presentation of infant and follow-on formulas should be ‘clearly distinct’. Despite this, manufacturers use similar branding and labelling – including similar colour palettes, fonts and imagery – across infant and follow-on formulas. When combined with large marketing budgets, this approach indirectly supports the sale of infant formula, with CMA evidence indicating that parents are disproportionately influenced by such branding practices (be it in hospitals, online or in store).

    The CMA heard concerns that parents on lower incomes are more likely to formula feed so are disproportionately impacted by infant formula pricing. While some government support is available to those eligible, most infant formulas exceed the weekly value of benefits available through schemes such as the Healthy Start and Best Start Food. This can lead to parents foregoing food in order to provide for their babies.

    On pricing, differences between brands can have a sizeable impact on parents’ finances. Evidence reviewed by the CMA shows that they could make a saving of around £300 over a baby’s first year of life by switching from a popular mid-priced product to a low-priced brand.

    Recommendations

    The 4 recommendations from the CMA are:

    1. Removing brand influence in healthcare settings: Parents should be provided with timely, clear, accurate and impartial information on nutritional sufficiency of all infant formula products as early as possible. Where parents are given infant formula in healthcare settings, labelling should be standardised to reduce the influence of branding on their decision making. For example, branded formula could be put into non-branded containers, or the NHS could have a white-label formula.
    2. Equipping parents with the right information when they are shopping: Information about nutritional sufficiency should be displayed clearly and prominently on shelves and when buying online. In store, all brands of infant formula should be displayed together and in a separate cluster from other formula milks to enable quick and easy price comparisons.
    3. Strengthening labelling and advertising rules: All packaging should clearly display information on nutritional sufficiency. Claims that are intangible, or cannot be easily checked by parents, should be banned. Like infant formula, advertising (including price promotions and deals) for follow-on milks should be banned. To help shops, manufacturers and enforcers, government should clarify what constitutes ‘advertising’, outlining exactly what shops and manufacturers can and cannot do regarding formula milks. Parents should be allowed to use gift cards, vouchers, loyalty points, and coupons to purchase infant formula.
    4. Effectively enforce current and future rules: Strengthen the roles played by relevant authorities so they must approve the packaging of all infant formula products before sale. At present, companies can put products onto the market before the relevant authority has reviewed the label.

    Public Health Minister, Ashley Dalton, said:

    I welcome this report and would like to thank the Competition and Markets Authority for their thorough investigation.

    There are many benefits of breastfeeding but for those families that cannot or choose not to breastfeed, it is vital that they can access formula that is affordable and high quality. Families should not be paying over the odds to feed their babies because of outdated regulation.

    As part of our Plan for Change, we’re determined to ensure every child has the best start to life. We will carefully consider these recommendations and respond fully in due course.

    Competition and Markets Minister Justin Madders said:

    The government has been clear through our new Strategic Steer to the CMA that competition and consumer protection will drive economic growth.

    That work to drive better outcomes for consumers across the infant formula market delivers on this priority. We look forward to working closely with the CMA across government to continue to deliver growth as part of our Plan for Change.

    Next steps

    Recommendations are made to UK, Northern Irish, Scottish and Welsh governments, working in collaboration with other organisations, where appropriate. The CMA will now engage to explain these measures and support their implementation.

    For more information on the CMA’s market study, visit the Infant formula and follow-on formula market study.  

    Notes to editors

    1. All media enquiries should be directed to the CMA Press Office by email on press@cma.gov.uk or by phone on 020 3738 6460.
    2. It is clear that the UK, Scottish, Welsh and Northern Irish governments are committed to the public health goal of supporting breastfeeding. Following discussions with them, the CMA also understands that governments have concerns that allowing price promotions would risk undermining their important policy goals. Additionally, given the current market dynamics the CMA has observed, the CMA considers that there are limitations on the extent to which allowing price promotions would lead to better outcomes for consumers, without other measures to change consumer behaviour. The CMA stands ready to support further consideration of the removal of the ban on price promotions, in conjunction with the measures already proposed, if asked.
    3. The CMA also considered more interventionist regulation to set a maximum price for infant formula. This would directly limit prices, but would involve significant risks, including that lower prices in the market could rise to the level of the ceiling, resulting in some parents missing out on cheaper options on the market. There would also be significant challenges in the design and implementation of such a measure. The CMA is therefore not recommending the introduction of price controls at this time. However, governments may wish to retain this as a backstop option, if the proposed package of measures does not achieve the desired market outcomes within a reasonable timeframe.
    4. The calculation of savings made by switching to a lower priced infant formula is CMA analysis based on a baby being exclusively formula-fed from birth to 12 months (following the feeding amounts recommended on the packaging) and compares recent prices of 800g infant formula powder products from Tesco. The range of possible savings is £300-£500, with £300 representing a change from a popular mid-priced brand to a low-priced brand, and £500 representing a change from a premium high-priced brand to a low-priced brand.
    5. Infant formula is formula milk for babies that is suitable from birth and is the focus of the CMA’s market study. The study considered follow-on formula, which is a substitute for infant formula for babies ages 6 to 12 months and, to the extent that they impact how the markets for infant and follow-on formula operate, milks marketed for children aged over 12 months of age.
    6. The CMA’s role is to investigate how markets work, including the role of consumers, industry and government, and to look at all aspects of how markets could function better for those that use them.
    7. Regulations regarding the infant formula sector are put in place by government and are monitored and primarily enforced by local authorities. The Advertising Standards Authority also has a role in enforcement of its UK Advertising Codes (known as the CAP and BCAP Codes). Nutrition law is an area of devolved competency, and responsibility for legislating in relation to infant formula sits with each of the UK’s devolved nations.
    8. When referring to retailers, the CMA means supermarkets and other stores that sell formula, such as pharmacies. When referring to manufacturers, the CMA means the upstream suppliers of formula milk. When referring to brands, the CMA means the ranges of infant formula with the same brand name, produced by a particular manufacturer.
    9. For more information on the CMA’s market study process, visit: Market studies and investigations – guidance on the CMA’s approach.
    10. All enquiries from the general public should be directed to the CMA’s General Enquiries team on general.enquiries@cma.gov.uk or 020 3738 6000.

    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Coop Pank AS results for January 2025

    Source: GlobeNewswire (MIL-OSI)

    Coop Pank’s financial results in January 2025:

    • In January, number of the bank’s clients increased by 1,900 and number of active clients decreased by 700. By the end of the month number of clients reached 209,500 and number of active clients reached 98,800. Over the year, customer base has grown by 13%.
    • Volume of the bank’s customer deposits increased by 40 million euros, reaching 1.93 billion euros by the end of month. Deposits of corporate customers increased by 24 million and deposits of private customers increased by 3 million euros. The volume of deposits attracted from international platforms increased by 13 million euros. Over the year, volume of bank deposits increased by 11%.
    • The bank’s loan portfolio increased by 9 million euros over the month and reached 1.78 billion euros by the end of January. Home loans portfolio increased by 8 million euros, corporate loans increased by 2 million euros, leasing increased by 0.1 million euros and consumer financing decreased 0.3 million euros. Over the year, loan portfolio increased by 18%.
    • In January, the loan impairment cost was 0.1 million euros.
    • Compared to the first month of last year, the bank’s net income has decreased by 5% and expenses has increased by 4% during the same period this year.
    • The bank earned net profit of 2.7 million euros in January, that is 8% less than in the same period last year.
    • In January, Coop Pank’s return on equity was 15.2% and the cost-income ratio was 49%.
        

    Comment by Paavo Truu, Member of the Management Board and CFO of Coop Pank:

    “This year started strong for Coop Pank with a solid profit of 2.7 million euros. This was driven, among other factors, by the excellent business volume growth at the end of last year, which also contributed to increased revenues in January.

    We see that overall economic activity has picked up at the beginning of 2025, both in the private and business client segments. However, the car leasing market remains very quiet after last year’s turbulent end caused by the car tax. We believe this silence will continue, at least among private individuals, for the coming months and predict a revival in leasing market activity by the second half of the year at the latest.

    The overall market revival is supported by the ongoing downward trend in interest rates – the European Central Bank lowered its rates by 0.25 percentage points in January, and base rates are likely to continue declining. On one hand, this makes borrowing cheaper, but on the other, it also reduces the interest rates on term deposits in the local market.

    At the end of January, Coop Pank expanded its range of products for both private and business clients by introducing a convenient and environmentally friendly virtual card, which is currently offered by only a few universal banks in Estonia. Using a virtual card eliminates the need for a traditional plastic card, its activation is simple and fast, and the card is immediately ready for use. By adding the virtual card to a smart device’s Wallet, it can be used for payments anywhere that displays the contactless payment symbol or the Wallet logo.”

    More detailed quarterly reports of Coop Pank are available at: https://www.cooppank.ee/en/financial-reports

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 209,500. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 5160 231
    E-mail: paavo.truu@cooppank.ee

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: expert reaction to study of impact of emissions from brake pads on lung cells compared to diesel emissions

    Source: United Kingdom – Executive Government & Departments

    A study published in Particle Fibre and Toxicology compares the impact of emissions from break pads and diesel on lung cells. 

    Prof Anna Hansell, Professor of Environmental Epidemiology, University of Leicester, said:

    “Air pollution has been reducing in recent decades and will reduce further as we continue to move away from fossil fuels to cleaner forms of energy. However, this paper reminds us that we will still have transport-related air pollution, even from emission-free vehicles. It shows that particulates from brake and tyre wear from both combustion-engine and electric vehicles have toxic impacts on human cells. Further studies, taking into account exposure levels, will help determine actual risks to human health and ecological systems.

    “The study concentrated on impacts on health related to the metal content of particulates from brake wear. More studies are needed to look at health risks from other components of brake wear and also tyre wear.”

    Dr Antonis Myridakis, Lecturer in Environmental Sciences, from Brunel University of London, said:

    “This study provides a thorough and systematic investigation into the toxicological effects of brake-wear particulate matter (PM2.5), with a particular focus on copper-enriched brake dust. The research utilises an interdisciplinary approach to examine how different brake pad compositions impact alveolar epithelial cells. By comparing these effects to diesel exhaust PM, the study contributes to the growing body of evidence that non-exhaust emissions represent an increasingly significant yet underregulated source of airborne pollutants.

    “The press release accurately reflects the main conclusions of the study, emphasising that copper-enriched brake-wear PM induces significant oxidative stress, inflammation, and metabolic reprogramming in lung cells, surpassing even the effects of diesel exhaust PM. This aligns with established evidence regarding the role of transition metals in PM toxicity, but also introduces new insights into the pseudohypoxic activation of hypoxia-inducible factor (HIF) signalling, which has been implicated in chronic lung diseases and cancer.

    “The research is well-executed and effectively accounts for potential confounders. However, it is important to highlight that is an in vitro model study, which, while invaluable for mechanistic studies, may not fully capture the complexity of real life exposure scenarios. Future studies should consider animal models or real-world epidemiological correlations to confirm these findings.

    “The study’s implications are significant, highlighting a major gap in air quality regulation. While diesel exhaust emissions are heavily legislated, non-exhaust PM remains largely unregulated despite its growing contribution to urban air pollution. Focusing solely on PM mass concentrations in regulations may be insufficient, as the composition of PM, particularly its metal content, is a critical determinant of toxicity.”

     

    Dr Ian Mudway, Senior Lecturer at School of Public Health – Faculty of Medicine, Imperial College London, said:

    “While the paper’s research appears sound, and the researchers have a strong track record, it’s premature to conclude that non-exhaust emissions from traffic, specifically brake pad wear, are worse than diesel exhaust. Too many variables remain uncontrolled: brake disc types (a highly varied category), diesel exhaust particle composition, and chosen endpoints, among others. The paper’s core message is that we shouldn’t assume all traffic-related pollution originates from exhaust and should not discount abrasion sources. It is important that brake wear and tire wear is part of the discussion about traffic related pollution. While this paper focuses on brakes, tire wear and road dust resuspension should also be considered. This has significant policy implications, as it suggests that policies solely targeting exhaust emissions will not fully mitigate the risks of traffic-related pollutants. Although regenerative braking may partially offset brake wear, it, along with tire wear, will remain a concern even with vehicle electrification. This is reflected in the upcoming Euro 7 regulation (2026), which, for the first time, introduces standards for tire and brake wear emissions, acknowledging their contribution to air pollution and potentially driving innovation in tire and brake technology.”

    Prof Roy Harrison, Professor of Environmental Health, University of Birmingham, said:

    “Non-exhaust particles, such as those from the wear of brakes and tyres now well exceed those from engine exhaust, and there is consequently a strong interest in the relative toxicity of the various particle types.  The authors of this paper apply a battery of toxicological tests to demonstrate the toxicity to lung cells of brake wear particles, and especially those containing copper.  In some tests, the brake wear appears to be more toxic than diesel exhaust particles.  While there must be some reservations over the way that the particles were presented to the cells in this study (collected on a filter and then suspended in water, rather depositing directly from the air), which may affect their toxicity, several studies have now demonstrated toxicity associated with brake wear particles.  As yet, studies in human populations have not shown exceptional toxicity, just that normally associated with exposure to fine particles.  The good news is that emissions of brake wear particles from an electric vehicle are much less than from conventional petrol and diesel vehicles due to regenerative braking.”

    Copper-enriched automotive brake wear particles perturb human alveolar cellular homeostasis’ by James G H Parkin et al. was published in Particle and Fibre Toxicology at 06:00 UK time on Friday 14th February.

    DOI: 10.1186/s12989-024-00617-2

    Declared interests

    Prof Anna Hansell: I do not have conflicts of interest to report. I am Chair of the Committee on the Medical Effects of Air Pollution (COMEAP), but comments here are in a personal capacity as Professor in Environmental Epidemiology at the University of Leicester. 

    Dr Antonis Myridakis: None

    Dr Ian Mudway: No declarations of interest. I have worked on a USA Health Effects Institute study on non-exhaust emissions where one of the authours of this paper was on the Steering Committee as an independent advisor. I have also published a paper in 2020 comparing the toxic effects of diesel and brake abrasion dust, which demonstrated very similar responses (doi: 10.1039/c9mt00253g).

    Prof Roy Harrison: He receives research funding from UKRI and EU Horizon programmes.  He is a member of the Defra Air Quality Expert Group and Deputy Chair of the DHSC committee on the Medical Effects of Air Pollutants, but writes in a personal capacity.  He has no conflict of interest with respect to this research study.

    MIL OSI United Kingdom

  • MIL-OSI NGOs: Microplastics in your body: From your heart to your brain, and even your future kids

    Source: Greenpeace Statement –

    Close up of microplastics found on beach. © The 5 Gyres Institute

    Science is only beginning to understand the long-term effects of plastic on human health, yet the evidence so far is alarming. Microplastics—tiny plastic particles less than 5 millimeters in size—have been found everywhere, from the deepest oceans to the food we eat to the air we breathe. More concerningly, they’re now inside our bodies.

    Microplastics in human bodies:

    1. HEART:
    A study in Environmental Science and Technology found microplastics in the hearts of patients undergoing cardiac surgery—the first confirmed presence of these particles in human heart tissue.

    2. BRAIN:
    Research shows a rising trend of micro- and nanoplastics in brain tissue, with postmortem studies from 1997 to 2024 detecting their accumulation.

    3. LUNGS:
    Microplastics have been discovered deep in the lungs of living people. The most common particles were polypropylene (used in packaging and pipes) and PET (found in bottles).

    4. BLOOD:
    Scientists have detected microplastics in human blood, with nearly 80% of tested individuals carrying these particles. This shows that microplastics can travel through the bloodstream and potentially lodge in organs.

    5. SEMEN:
    Studies in China and Italy have found microplastics in human semen, raising concerns about potential reproductive harm.

    6. PLACENTA & BREASTMILK:
    Microplastics have been detected in the placentas of unborn babies and in breastmilk, suggesting exposure begins at the earliest stages of human development.


    Plastics contain over 16,000 chemicals, many untested and potentially toxic to human health. At least 4,200 of these are highly hazardous to both people and the planet. With microplastics already invading our bodies, we are constantly exposed to the threats of these harmful substances.

    This is a global crisis, and it needs a global solution. We must push for a strong Global Plastics Treaty that cuts plastic production and enables a just transition to reuse and refill systems. Protect the health of future generations. Sign the petition now.

    ###

    STRONG PLASTICS TREATY NOW!

    Help build a safer, plastic-free future

    SIGN THE PETITION

    MIL OSI NGO

  • MIL-Evening Report: Dingoes are being culled in Victoria. How much harm to the species is needed to protect commercial profits?

    Source: The Conversation (Au and NZ) – By Danielle Ireland-Piper, Associate Professor, ANU National Security College, Australian National University

    A Victorian government decision to allow dingo culling in the state’s east until 2028 has reignited debate over what has been dubbed Australia’s most controversial animal.

    Animals Australia, an animal welfare group, has filed proceedings in the Supreme Court of Victoria, challenging the decision. The case is due to be heard this year.

    Announcing the legal action, the group said the eradication program targeted a unique native animal at risk of extinction, and ignored pleas from Traditional Owners who “treasure the dingo as a totem species”.

    The controversy raises a few thorny questions. Are dingoes an important native species or an agricultural pest? And what is the right balance between protecting the species, and protecting the interests of farmers?

    What’s this all about?

    Dingoes are listed as vulnerable in Victoria. This means the species faces a high risk of extinction in the wild over the medium term.

    Dingoes are also protected under Victoria’s Wildlife Act – unless a special order is made to declare them “unprotected”. To date, these unprotection orders have been made when authorities deem it necessary to prevent dingoes from killing livestock.

    An unprotection order means a person can legally kill dingoes in certain areas of private and public land, by trapping, poisoning or shooting.

    Since around 2010, a succession of unprotection orders have allowed dingoes to be killed in various parts of Victoria. The unprotection order now being challenged came into effect on October 1 last year and will continue until January 1, 2028.

    Announcing the decision, Victoria’s Environment Minister Steve Dimopoulos says the government was:

    striking the right balance between protecting our vulnerable dingo populations while giving farmers the ability to protect their livestock, and we will regularly engage to ensure settings continue to achieve this balance.

    Dingoes are not ‘wild dogs’

    DNA studies suggest dingoes have been in Australia for between 4,600 and 18,000 years. Often wrongly described as “wild dogs”, they are [actually descended from south Asian wolves](https://environment.desi.qld.gov.au/wildlife/animals/living-with/dingoes#:~:text=The%20dingo—Australia’s%20only%20native,role%20in%20the%20natural%20environment.Sustainable dingo management (and public sympathies either way).

    Adding to the complications, it can be hard to distinguish between a wild dog and a dingo without DNA testing.

    Dingoes were once widespread across Victoria but are now extinct across most of the state, save for two populations in the state’s north and east.

    Conservationists and scientists fear the extended order in eastern Victoria may push dingoes to local extinction

    The experience in north-west Victoria offers a cautionary tale. There, under a dingo unprotection order, the population dropped to as few as 40 individuals. The local dingo population was deemed “critically low and at risk of extinction”, prompting the government to reinstate dingo protections.

    In eastern Victoria, the dingo population is estimated at between 2,640 and 8,800.

    However in September last year, before the unprotection order in eastern Victoria came into effect, Nationals Member for Gippsland, Tim Bull, claimed 1,500 dingoes were already being killed in the region each year by farmers and others.

    If those figures are correct, it suggests extending the unprotection order until 2028 will devastate the dingo population in eastern Victoria.

    A decline in dingo populations is not just a concern for the species itself – it will have knock-on effects.

    Dingoes are apex predators and research shows they are central to how ecosystems function. They can help control introduced predators such as foxes, feral cats and rabbits. This benefits native animals and plants.

    Is the balance right?

    Given the risks to dingo populations and the broader environment, it’s pertinent to ask if the government decision swings too far towards protecting agricultural production.

    One report suggests within Victoria’s 16 “wild dog management zones” in the 2022–23 financial year, there were more than 1.7 million head of livestock. Of these, 1,455 were confirmed killed by dingoes. While understandably of concern to farmers, this nonetheless represents a tiny proportion of total stock numbers.

    The number of sheep killed by dingoes is also only a fraction of the 14.6 million currently farmed in Victoria. Sheep are not at risk of extinction.

    These numbers suggest the government has not struck the right balance between protecting livestock and ensuing dingo populations survive.

    Considering the rights of Traditional Owners

    When weighing up an unprotection order, a minister must consider how it affects the rights of Traditional Owners.

    In 2023, when deliberating over whether to make an unprotection order in eastern Victoria, the Victorian government stated that for Aboriginal people:

    • dingoes are part of their living cultural heritage

    • the loss of a dingo is akin to the loss of a family member

    • the dingo helps maintain connection to Country

    • some have a totemic and kinship relationship with the dingo.

    The government said while the order would limit Aboriginal people’s rights, this was justified when taking other factors into account.

    The court will decide

    Animal protection group Animals Australia has filed proceedings in the Supreme Court of Victoria, challenging the lawfulness and validity of the unprotection order. Court documents are not yet publicly available.

    Australia does not have a single and consistent animal welfare and protection regime. Instead, protections are fractured between the states. That is why the current challenge to dingo culling is limited to Victoria, even though culling takes place in other states. This illustrates the difficulty in using the law to protect animals at a national level.

    This challenge is part of a broader push to redefine the relationship between humans and animals through what’s known as animal law. In recent years, animal advocates have used various aspects of the law to challenge the gassing of pigs before they are slaughtered, and recreational duck shooting.

    The current case is an important test for how the law balances the needs of humans and animals – and in particular, how much harm is deemed “necessary” at law to protect commercial profit and livelihood.

    Danielle Ireland-Piper 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. Dingoes are being culled in Victoria. How much harm to the species is needed to protect commercial profits? – https://theconversation.com/dingoes-are-being-culled-in-victoria-how-much-harm-to-the-species-is-needed-to-protect-commercial-profits-245759

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: 13 February 2025 Feature story Biosimilars: expanding access to essential biologic therapies

    Source: World Health Organisation

    WHO’s role in promoting biosimilars

    The World Health Organization (WHO) recognizes biosimilars as key drivers for expanding global access to essential biological medicines. Through its Essential Medicines List (EML), WHO evaluates and includes quality-assured biosimilars, endorsing them as safe, effective, and cost-effective alternatives to originator biologics​. The WHO prequalification of biosimilars builds confidence for their procurement by the United Nation (UN) agencies and countries, enhancing their availability and affordability. WHO also advocates for non-exclusive voluntary licensing to accelerate affordable biosimilar access and emphasizes the importance of regulatory harmonization, healthcare professional education, and stakeholder collaboration in promoting biosimilar use​ (3).

    Standards for biological products

    Since early 1950s’ WHO has played a pivotal role in establishing norms and standards for biological products. These standards ensure the consistent quality, safety, and efficacy of biological medicines and related in vitro biological diagnostic tests worldwide. The WHO Expert Committee on Biological Standardization (ECBS) collaborates with international scientific and professional communities, regional and national regulatory authorities, manufacturers, and expert laboratories to develop these standards based on international consensus. WHO guidelines and recommendations for biological products cover various aspects, including production, control, and regulatory preparedness. This guidance is crucial for maintaining high standards in the development and use of biological products, including biosimilars. For instance, the guidelines on the quality, safety, and efficacy of biotherapeutic products provide a framework for evaluating biosimilars at country level, ensuring they meet the same rigorous standards as their reference products. WHO also establishes International Biological Reference Materials, which serve as benchmarks for the quality and potency of biological products (i.e. WHO International Reference Standards for Biological Products). These reference materials are essential for standardizing assays and ensuring the comparability of biosimilar products across different regions and manufacturers. WHO emphasizes the importance of regulatory harmonization to facilitate the global adoption of biosimilars.

    Biosimilars in the EML: bridging the gap

    As of 2023, the WHO EML includes 81 biologic therapies, representing over 15% of all listed essential medicines. The inclusion of biosimilars on the EML helps bridge the gap in affordability and availability of these therapies. For example, following the EML recommendation and WHO prequalification of trastuzumab and rituximab biosimilars treatment costs for breast cancer and lymphoma​ have significantly reduced. Countries such as Brazil (4), India (5), and South Africa (6) have successfully expanded patient access through approved biosimilars, demonstrating the practical benefits of these inclusions.

    Evolution of biologic medicines in the EML

    WHO recognizes the importance of expanding access to essential biologic medicines globally. In 2013, bevacizumab (recommended for age-related macular degeneration, a disease of the eye) was the first monoclonal antibody added to the WHO EML, followed by trastuzumab and rituximab in 2015, both indicated against cancer.  

    Trastuzumab has revolutionized breast cancer treatment for human epidermal growth factor receptor 2 (HER2)-positive breast cancer. Since its introduction almost 25 years ago, trastuzumab has significantly improved outcomes for patients with this type of cancer. It is a monoclonal antibody that targets the HER2 protein, which is overexpressed in some breast cancers, and it has been pivotal in reducing recurrence and improving survival rates. Trastuzumab’s impact is reflected in the shift from conventional chemotherapy to targeted therapies, offering more effective and less toxic treatment options. However, with an average annual cost exceeding $20,000 USD, many LMICs faced severe budget constraints, leading to limited use of trastuzumab and poor survival rates for patients. In response, WHO prequalified the first trastuzumab biosimilar in 2019. These biosimilars, offering the same efficacy and safety at approximately 65% lower cost, had the potential to transform breast cancer treatment in LMICs.

    Since then, several trastuzumab biosimilars have been approved or are in development by various companies. These biosimilars have been launched in all WHO regions. The inclusion of these biosimilars on the EML facilitated initiatives such as the Cancer Access Partnership, led by the Clinton Health Access Initiative (CHAI) and the American Cancer Society (ACS), which included biological medicines for the first time.

    Today, equitable global access to trastuzumab biosimilars is gradually being realized. Countries like India and Brazil have swiftly integrated these biosimilars into their national healthcare systems. India, for example, has approved multiple trastuzumab biosimilars, significantly reducing treatment costs and broadening patient access nationwide. Similarly, South Africa has adopted trastuzumab biosimilars into its treatment protocols, enhancing accessibility to essential breast cancer medications for patients. Overall, trastuzumab biosimilars have received market authorization and approval in at least 65 countries, signaling a major step forward in global cancer care (7).  

    As of 2019, trastuzumab biosimilars have received market authorization and approval in over 65 countries (8).

    The 2019 inclusion of adalimumab (recommended for rheumatoid arthritis, juvenile idiopathic arthritis, ankylosing spondylitis and Crohn’s disease) further underscored WHO’s commitment to improving access and affordability through biosimilars​. Over the next few years, WHO has built on this biosimilar precedent by continuing to add further important biologic medicines to the EML and explicitly listing their quality-assured biosimilars as alternatives.

    Removing barriers to adoption

    While biosimilars have made promising inroads into the Model List, concerns have persisted regarding interchangeability and switching between reference biologics and their biosimilar versions. In 2021, after reviewing substantial evidence confirming the safety and efficacy of transitioning patients from original biologics to biosimilars, the WHO recommended that quality-assured biosimilars of listed biologic medicines should also be viewed as interchangeable and considered for national selection and procurement. This recommendation was pivotal for improving real-world access and use, positioning biosimilars as equal to their reference counterparts and affirming confidence in transitioning patients to save costs without compromising care. The committee reinforced this support by recommending the expansion of WHO prequalification to include biosimilars and advocating for their regular evaluation alongside originators (9).

    WHO recommends that quality-assured biosimilars of EML-listed biologic medicines should be viewed as interchangeable and eligible for selection and procurement at the country level for national essential medicines lists.

    Despite their potential, challenges remain in integrating biosimilars in clinical practice across countries and clinical areas. Issues such as concerns about switching between biosimilars and reference products, regulatory complexities, and educational gaps among healthcare professionals necessitate careful consideration (10).

    Current landscape of essential biologic and biosimilar medicines

    The 2023 Model List includes multiple biologics and their biosimilar alternatives across different therapeutic areas:

    Table 1: Biologic medicines and therapeutic alternatives (including quality-assured biosimilars) on the WHO Model Lists.

    Medicine Indication(s)
    Adalimumab
     
    (therapeutic alternatives: certolizumab pegol, etanercept, golimumab, infliximab)
    Ankylosing spondylitis, Crohn disease, juvenile idiopathic arthritis and rheumatoid arthritis
    Anti-rabies virus monoclonal antibodies
     
    Rabies post-exposure prophylaxis
    Asparaginase
     
    Acute lymphoblastic leukemia
    Bevacizumab
     
    Age-related macular degeneration
    Enoxaparin
     
    (therapeutic alternatives: dalteparin, nadroparin)
     
    Acute coronary syndromes
    Venous thromboembolism
    Erythorpoiesis-stimulating agents

    (therapeutic alternatives: epoetin alfa, beta, and theta, darbepoetin alfa, methoxy polyethylene glycol-epoetin beta)
     

    Anaemia of chronic renal disease
    Filgrastim Primary and secondary prophylaxis of febrile neutropenia associated with myelotoxic chemotherapy.
     
    Insulin (human)
    (soluble and intermediate-acting)
     
    Diabetes
    Long-acting Insulin analogues
     
    (therapeutic alternatives: insulin degludec, insulin detemir, insulin glargine)
     
    Diabetes
    Nivolumab
     
    (therapeutic alternative: pembrolizumab)
     
    Metastatic melanoma
    Pegaspargase
     
    Acute lymphoblastic leukemia
    Pegfilgrastim
     
    Primary and secondary prophylaxis of febrile neutropenia associated with myelotoxic chemotherapy.
     
    Rituximab
     
    Burkitt lymphoma, chronic lymphocytic leukaemia, diffuse large B-cell lymphomas, follicular lymphoma, multiple sclerosis
    Trastuzumab
     
    HER2-positive breast cancer

    Economic benefits and WHO recommendations for biosimilar medicines

    The WHO guideline on country pharmaceutical pricing policies includes a strong recommendation for promoting the use of quality-assured generic and biosimilar medicines.

    WHO recommends that countries enable early market entry of generic and biosimilar medicines through legislative and administrative measures, with a view to encouraging early submission of regulatory applications, allowing for prompt and effective review, and ensuring these products are safe, efficacious, and quality-assured (9)

    The WHO guideline also emphasizes the importance of cost-effective procurement strategies to enhance accessibility and sustainability of healthcare systems, particularly in LMICs.

    Challenges and future directions

    Despite the demonstrated benefits, several challenges remain in the broader adoption of biosimilars. Regulatory barriers, lack of awareness among healthcare professionals, and limited manufacturing capabilities in certain regions can hinder the widespread acceptance and utilization of biosimilars​. Addressing these challenges requires coordinated efforts among governments, healthcare providers, and the pharmaceutical industry to promote education, streamline regulatory processes, and invest in local manufacturing infrastructure.

    WHO continues to play a pivotal role in promoting the adoption of biosimilars through its strategic initiatives. WHO emphasizes the importance of regulatory harmonization and supports countries in building robust regulatory frameworks to ensure the quality, safety, and efficacy of biosimilars. Additionally, WHO collaborates with various stakeholders to enhance healthcare professional education and public awareness about the benefits of biosimilars, fostering a more receptive environment for their adoption​.

    References

    1. Agency EM. European Medicines Agency [Internet]. [cited 2024]. Available from: https://www.ema.europa.eu/en/human-regulatory-overview/biosimilar-medicines-overview.
    2. Calleja MA, Albanell J, Aranda E, García-Foncillas J, Feliu A, Rivera F, et al. Budget impact analysis of bevacizumab biosimilars for cancer treatment in adult patients in Spain. European Journal of Hospital Pharmacy. 2023;30(e1):e40.
    3. Burrone E, Gotham D, Gray A, de Joncheere K, Magrini N, Martei YM, et al. Patent pooling to increase access to essential medicines. Bull World Health Organ. 2019;97(8):575-7.
    4. Celltrion. Biosimilar Development [Internet]2019. [cited 2024]. Available from: https://www.biosimilardevelopment.com/doc/celltrion-announces-approval-of-herzuma-trastuzumab-pkrb-in-brazil-0001.
    5. Lopes G. American Society of Clinical Oncology (ASCO) Connection [Internet]2016. [cited 2024]. Available from: https://connection.asco.org/blogs/biosimilars-emerging-markets-india-and-russia.
    6. Pategou J. Biosimilar Development [Internet]2020. [cited 2024]. Available from: https://www.biosimilardevelopment.com/doc/africa-s-biosimilar-landscape-outlook-current-challenges-0001.
    7. CHAI and ACS announce agreement to expand Cancer Access Partnership  [press release]. 2021.
    8. Biocon. Biocon [Internet]2019. [cited 2024]. Available from: https://www.biocon.com/mylan-and-biocon-launch-first-trastuzumab-biosimilar-ogivri-in-australia/.
    9. World Health Organization. WHO guideline on country pharmaceutical pricing policies. World Health Organization; 2020. Available from: https://iris.who.int/handle/10665/335692 

    “,”datePublished”:”2025-02-13T13:00:00.0000000+00:00″,”image”:”https://www.who.int/images/default-source/wpro/vaccines.jpg?sfvrsn=89a81d7f_14″,”publisher”:{“@type”:”Organization”,”name”:”World Health Organization: WHO”,”logo”:{“@type”:”ImageObject”,”url”:”https://www.who.int/Images/SchemaOrg/schemaOrgLogo.jpg”,”width”:250,”height”:60}},”dateModified”:”2025-02-13T13:00:00.0000000+00:00″,”mainEntityOfPage”:”https://www.who.int/news/item/13-02-2025-biosimilars–expanding-access-to-essential-biologic-therapies”,”@context”:”http://schema.org”,”@type”:”NewsArticle”};
    ]]>

    MIL OSI United Nations News

  • MIL-OSI NGOs: Oxfam echoes call to end “oligarchic rule” at Vatican tax justice summit

    Source: Oxfam –

    Brazilian President Luiz Inácio Lula da Silva, Spanish Prime Minister Pedro Sánchez, former South African President Thabo Mbeki, former Senegalese Prime Minister Aminata Touré, and economists Joseph Stiglitz, Jayati Ghosh and Gabriel Zucman today delivered a powerful and unequivocal message at the Vatican: the global oligarchy must be challenged through fair taxation of the super-rich. In response, Oxfam International’s Tax Lead, Susana Ruiz, said:

    “The wealth of the super-rich is exploding at a terrifying pace, driving inequality to extremes that threaten democracy, justice, and the survival of life on Earth. We are watching, in real-time, as the super-rich tighten their grip on power and hold entire societies hostage to their greed.

    2025 is not just another year —it is a last-ditch opportunity to stop runaway inequality. With South Africa chairing the G20, Brazil hosting COP30, and Spain driving the Fourth International Conference on Financing for Development, the world has a rare, historic chance to shatter the grip of billionaire power.

    This is a battle against extreme inequality. Either we allow the super-rich to continue hoarding wealth and power and writing rules to serve themselves, or we fight back by taxing them, breaking their stronghold on power, and dismantling their monopolies to reclaim our societies from the forces of oligarchic rule.”
     

    MIL OSI NGO

  • MIL-OSI China: Europe demands role in Ukraine peace talk

    Source: China State Council Information Office

    This photo taken on Aug. 15, 2024 shows a Ukrainian tank destroyed during Russian attacks in Toretsk. [Photo/Xinhua]

    The European Union (EU) and several European leaders have insisted on playing a key role in potential Ukraine peace negotiations, voicing concerns about being sidelined after U.S. President Donald Trump and his Russian counterpart, Vladimir Putin, held a phone talk on Wednesday.

    According to press release from both the White House and the Kremlin, the two leaders discussed a swift ceasefire in Ukraine without consulting the EU or Ukraine. In response, the EU officially demanded a seat at the negotiating table.

    “Ukraine’s security is Europe’s security,” Paula Pinho, chief spokesperson of the European Commission, said during a press briefing on Thursday. “If there is a discussion about Ukraine’s security, Europe is concerned. If there’s a discussion about Europe’s security, it also involves Ukraine,” she stressed.

    EU’s top diplomat Kaja Kallas reinforced this stance, sharing a joint statement from a meeting in Paris with her counterparts of France, Germany, Poland, Spain and Britain. The statement insisted on Ukraine’s and Europe’s participation in any relevant negotiations, highlighting the need for a peace that secures both European and Ukrainian interests while expressing willingness to engage with the United States.

    Finnish Prime Minister Petteri Orpo also emphasized the necessity of Europe’s involvement in any Ukraine peace process. “Ukraine cannot be agreed upon without Ukraine, and European security cannot be agreed without Europe,” he stated, urging for a unified European stand and proposing an extraordinary EU Summit on the matter.

    Following his call with Putin, Trump called Ukrainian President Volodymyr Zelensky, but when speaking to the U.S. press, he excluded Ukraine’s return to its pre-2014 borders — Kiev’s key precondition for talks with Moscow. Trump also voiced support for U.S. Secretary of Defense Pete Hegseth’s declaration in Brussels that Ukraine’s membership of the North Atlantic Treaty Organization (NATO) would be off the table as part of a negotiated settlement to end the Russia-Ukraine conflict.

    Trump’s stance, a stark departure from his predecessor’s policy, was perceived in Europe as a concession at Ukraine’s expense, sparking alarms among European leaders.

    “A dictated peace will never find our support,” German Chancellor Olaf Scholz said in a statement on Thursday, stressing that any peace agreement must ensure Ukraine’s sovereignty and endure over time. He emphasized that Germany and its partners must represent their interests confidently and committedly in the upcoming negotiations.

    Germany’s Defense Minister Boris Pistorius criticized the Trump administration’s public concessions before negotiations even began, calling them “regrettable” during a NATO defense ministers’ meeting in Brussels.

    Lithuanian President Gitanas Nauseda, following a phone call with Zelensky on Thursday, unscored that any peace talks must guarantee Ukraine’s independence, territorial integrity and the right to decide its own future. He called for Europe to participate in the talks with “strength” and urged decisive action on military support for Ukraine.

    President of Latvia Edgars Rinkevics echoed the concerns, stating on X: “Borders must not be changed by force. Europe must take full responsibility for its security by investing in its own defense. Ukraine, U.S. and EU must work together to achieve durable peace.”

    While foreign ministers of Latvia and Estonia also called for more investment in building on Europe’s defence capabilities, and meanwhile strengthening NATO and transatlantic relations, Slovak Premier Robert Fico took a more skeptical stance. He described the push for increased military investment as “military madness” and criticized the EU’s lack of an independent foreign policy.

    The EU is the second loser after Ukraine, he stated, arguing that Europe must “sober up quickly” and formulate its own stance. He predicted that Trump would roll back U.S. support for Ukraine, pressure Europe to purchase more American energy, and demand NATO allies raise defense spending to 5 percent of GDP.

    While some European leaders voiced alarm, others cautiously welcomed the prospect of a peace talk to end the conflict on the continent.

    Milorad Dodik, the president of Republika Srpska in BiH, praised U.S.-Russia discussions as a step toward peace. “Talks are the only means” to end the conflict while respecting the legitimate interests of both Russia and Ukraine, he said.

    Croatian Prime Minister Andrej Plenkovic, speaking ahead of the 61st Munich Security Conference, stressed that not just any peace would suffice.

    “The solution is one that respects the fundamental principles of international law, which are the territorial integrity and integrity of Ukraine, because every negative precedent will have its repercussions, without any dilemmas, later,” he stressed.

    As Europe grapples with Trump’s evolving stance on the war, the debate over the continent’s role in shaping peace continues to intensify.

    MIL OSI China News

  • MIL-OSI China: Chinese paper cutting master brings traditional art to global stage

    Source: China State Council Information Office 3

    As dawn breaks over a village in suburban Beijing, 75-year-old Hao Lanying sits at her desk, scissors in hand, cutting red paper into the shape of a snake winding around a bird. The design is part of a series she has created to celebrate the Year of the Snake.

    “I designed the ‘auspicious snake’ series as gifts for elderly locals,” said Hao, who is from Jishanying Village in Beijing’s Shunyi District and is a practitioner of the art of paper cutting, which is recognized as a form of intangible cultural heritage.

    The distinct water-ripple paper cutting technique that Hao has mastered originated in a Shunyi household in the late Qing Dynasty (1644-1911). What makes Hao’s work unique is her use of scissors instead of knives. With skilled hands, she creates intricate patterns of rippling water and falling raindrops on single-layer red paper, bringing her designs to life.

    This humble folk artist has spent over half a century promoting what has been called a dying art form, bringing it to the global stage.

    In 2004, UNESCO acquired a piece of her work for its collections. And over the past 20 years, her works have been presented as national gifts to leaders of many European countries.

    A map of the world in Hao’s studio documents her cultural journey: a total of 193 red pins show the countries and regions where her works have traveled, while 28 marked flight paths weave together her stories of cultural exchange.

    Below the map, a handwritten note reads, “I hope the roots of Chinese paper cutting will grow in every continent.”

    Hao’s personal mission to take paper cutting beyond China began in 2005, when she traveled to Brazil with an All-China Women’s Federation delegation.

    In a Rio de Janeiro art center, she collaborated with local women to create a work blending Brazilian carnival feathers with vibrant Chinese Yangge dance ribbons. The piece was later incorporated into a commemorative stamp for the 40th anniversary of China-Brazil diplomatic ties.

    “She cuts not just patterns, but the flowing story of China,” a media report remarked at the time, referring to the work.

    From a small courtyard in Shunyi to Rio de Janeiro, and from Alpine craft markets to African cooperatives, travel and cross-cultural collaboration have become commonplace for Hao.

    On a wall in her studio, two photographs present a striking contrast. One shows Hao in 1984, cutting paper in her courtyard and surrounded by drying works. The other is a recent image of Hao in the same courtyard, surrounded this time by students from the United States, France, Italy and other countries as she teaches them her craft.

    Now facing the digital age, Hao has taken an open-minded approach to continuing her work. She has led the development of an augmented reality (AR) teaching system for paper cutting, which allows users to scan her works to experience the entire process of its creation in holographic form.

    Her water-ripple style of paper cutting has been explained in educational materials for children, simplifying techniques for younger generations. She has also launched a paper-cutting cultural and creative brand, breathing new life into traditional culture.

    At the opening of a United Nations exhibition, she said, “Each paper-cutting is a window into Chinese culture, and when millions of windows open, we see the starry sky of human civilizations.”

    MIL OSI China News

  • MIL-Evening Report: Suicide or accident? The hidden complexities of intentional road crashes in Australia

    Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne

    Juris Teivans/Shutterstock

    In Australia, fatal road crashes are climbing again, especially since the pandemic, and despite years of attempts to reduce road trauma, the numbers remain stubbornly high.

    Strategies to reduce the road toll have largely focused on speeding, distractions and enforcement gaps, such as roadside drug testing.

    But hidden in these statistics is a lesser-known, deeply troubling reality: some of these crashes are not unintentional at all.

    A difficult area to explore

    A portion of road fatalities each year are deaths by suicide.

    For some, cars and trucks are not just modes of transport – they become a means to intentionally end their lives.

    The true scale of this issue is difficult to determine, as coroners and crash investigators often struggle to distinguish suicide from accidental death.

    The phenomenon is not confined to Australia – it has been studied and documented in several countries including the United Kingdom, Sweden, Finland, and the United States.

    International research suggests driver suicides may account for up to 8–9% of all fatal road crashes. But studies indicate up to half of these cases may go unreported.

    So what do we know about these cases? Why are they so difficult to identify and what patterns exist in these incidents?

    How bad is the problem?

    Between 2001 and 2017, the rate of suicide involving a road vehicle collision in Australia nearly doubled from 0.125 per 100,000 people to 0.25 per 100,000.

    These suicides take several forms.

    Some involve single-vehicle crashes, where a driver deliberately collides with a tree, pole, or concrete barrier.

    Others are multiple-vehicle collisions, where a driver or rider intentionally steers into oncoming traffic, often targeting trucks.

    There are also pedestrian suicides, where people step or lie in front of moving vehicles.

    Among driver suicides, single-vehicle crashes are the most common, with studies estimating more than half of driver suicides involve collisions with fixed objects (some studies suggest the figure is more than 70%).

    For multiple-vehicle collisions, almost 82% of cases involve colliding with an oncoming truck.

    More than half of pedestrian deaths by suicide also involve trucks.

    While there are variations in research findings, current evidence suggest males make up between 78% and 91% of those who die by road transport suicide.

    Certain demographics have been found to be more likely to die in a road suicide in Australia compared to other methods of suicide:

    This includes those who are:

    • male (15% more likely than females)
    • younger than 25 (nearly five times more likely than those older)
    • non-Indigenous (three times more likely than First Nations people)
    • born overseas (40% more likely than those born in Australia)

    The ripple effects

    Unlike most other suicide methods, road vehicle collisions pose a significant risk to others.

    Intentional crashes can involve unsuspecting drivers, passengers and pedestrians, turning a personal act of self-harm into a broader public safety issue.

    Studies show that when a suicide collision involves vehicles with a large weight disparity — such as a car colliding with a truck — nearly 30% result in injury to another person and almost 4% result in the death of another person.

    Beyond the immediate loss of life or injury, these incidents leave lasting psychological scars on the drivers involved.

    Why is it difficult to establish suicide on the road?

    Determining whether a fatal road crash was intentional or unintentional is fraught with challenges. Unlike other suicide methods, there is often no definitive proof of intent.

    Coroners and crash investigators rely on a patchwork of evidence: eyewitness accounts, vehicle behaviour before impact, the driver’s psychological history and physical crash characteristics.

    Even when red flags are present — such as high-speed impacts with no signs of braking, the driver not wearing a seat belt, collisions with trucks, or cases where drivers abruptly veer into oncoming traffic — these alone are not always enough to confirm intent.

    Investigators must also navigate the cultural and social sensitivities surrounding suicide, which can lead to hesitation in formally classifying a death as intentional. Families, religious beliefs and even financial factors such as life insurance claims can influence how these cases are handled.

    In many instances, those who use this method do so in a way that obscures their intent, deliberately staging a crash to appear unintentional.

    Without conclusive evidence, such as a documented history of suicidality or a suicide note, these cases often remain in statistical limbo — unconfirmed, unclassified, and possibly unreported.

    What can be done?

    While broader suicide prevention efforts are always relevant, reducing suicide-related road crashes requires targeted, practical interventions that make vehicles less likely to be used for suicide. Some ideas include:

    1. Vehicle safety features that reduce lethality, such as automatic emergency braking and collision avoidance systems, can make intentional high-speed crashes less likely to be fatal. As such, they could discourage the use of vehicles as a suicide method. Airbags, in particular, can play a crucial role, as they can make the outcome of a crash less predictable for people attempting suicide.

    2. A national standardised process for classifying intentional crashes would improve detection and data accuracy. Incorporating psychological autopsies and mandating coroners consider behavioural indicators (such as lack of evasive action) could help identify cases that currently go unreported.

    3. Heavy vehicle drivers and first responders should receive specialised training to recognise potential suicide crash indicators and manage the psychological toll of being involved in such incidents.

    Together, these measures can make vehicle-related suicide, as a very complex issue, less likely and more detectable.

    If you or someone you know is struggling, help is available. In Australia, you can contact Lifeline at 13 11 14 for confidential support.

    Angela J Clapperton receives funding from Suicide Prevention Australia.

    Lay San Too receives funding from the National Health and Medical Research Council for a fellowship.

    Matthew J. Spittal receives funding from the National Health and Medical Research Council for an Investigator Grant (GNT2025205).

    Milad Haghani 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. Suicide or accident? The hidden complexities of intentional road crashes in Australia – https://theconversation.com/suicide-or-accident-the-hidden-complexities-of-intentional-road-crashes-in-australia-248673

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Government Cuts – Funded annual health checks would prevent 100+ deaths a year – IHC

    Source: IHC New Zealand

    Funded annual health checks for people with intellectual disability will prevent more than 100 deaths a year and significantly reduce hospital admissions, saving $16.5 million annually – more than enough to cover the $13 million cost of the checks themselves, says IHC New Zealand.

    In a New Zealand Medical Journal article released today, IHC Advocate Shara Turner says it’s unacceptable that intellectually disabled New Zealanders should die much earlier than other New Zealanders, for preventable reasons.

    “Intellectually disabled people have the highest mortality risk of any group, with a life expectancy of up to 22 years shorter than the general population,” says Shara.

    “They are 2.7 times more likely to be admitted to the emer­gency department, 3.6 times more likely to be admitted to hospital for a condition that could have been avoided and have higher rates of lung disease, heart disease, diabetes, cancer and mental health conditions.

    “We are urging the Government to see that annual health checks could lower the risk of early mortality for intellectually disabled people by up to 35 percent.”

    IHC’s own cost-benefit analysis using Treasury’s CBAx tool for healthcare costs shows that annual health checks would be fiscally positive and viable.

    Shara says there is robust international evidence about the benefits of the annual health check for this population.

    “Universal health checks for intellectually disabled people have been implemented in Australia and the United Kingdom since 2007, providing a proven and pragmatic model that could be adapted for Aotearoa New Zealand,” says Shara. “These checks would not only improve health outcomes but also relieve pressure on emergency departments and cut healthcare costs.”

    “Now is the time to act – investing in annual health checks can help close the health gap and ensure better, longer lives for one of Aotearoa New Zealand’s most vulnerable populations.”

    About IHC New Zealand

    IHC New Zealand advocates for the rights, inclusion and welfare of all people with intellectual disabilities and supports them to live satisfying lives in the community. IHC provides advocacy, volunteering, events, membership associations and fundraising. It is part of the IHC Group, which also includes IDEA Services, Choices NZ and Accessible Properties.

    MIL OSI New Zealand News

  • MIL-OSI China: ​’Ne Zha 2′ hits staggering 10B yuan milestone, climbs global box office chart

    Source: China State Council Information Office 3

    After breaking all box office records in China, including hitting the 10 billion yuan ($1.37 billion) milestone on Thursday, the Chinese smash animated film “Ne Zha 2” has now set its sights on shattering records worldwide.

    The characters Ne Zha and Ao Bing are projected on the towers of the Tianfu International Financial Center in Chengdu, Sichuan province, Feb. 13, 2025. The film’s director and his company are based in Chengdu, and two cities in the province claim to be the birthplace of the Ne Zha legend. [Photo/China.org.cn]

    When the historic moment arrived for the film to become the first to surpass 10 billion yuan at China’s box office, it was more than a filmmaking achievement or cultural phenomenon — it was a source of national pride for Chinese filmmakers, the industry and the public. 

    The China Film Association promptly issued a congratulatory message, stating: “This film has created a box office miracle, promoting excellent traditional Chinese culture and the modern zeitgeist, innovating the form of contemporary Chinese cinema, showcasing the relentless artistic pursuit of Chinese filmmakers, and greatly boosting the film industry’s confidence. The glory of ‘Ne Zha 2’ is a highlight for Chinese cinema and, more importantly, a significant moment marking its rise from plateau to peak.”

    Directed by Yang Yu, better known as Jiaozi, the film follows the mythological figures Ne Zha and Ao Bing, who are reborn in bodies formed from lotuses after a catastrophe and must team up to face threats from vengeful dragon kings and a scheming god. It combines visually spectacular animation with a folklore-inspired narrative, delivering a blend of action, humor, heart and traditional Chinese culture. It involved five years of meticulous efforts from a 4,000-strong crew, as well as the combined forces of 138 Chinese animation and special effects companies.

    During the Spring Festival holiday, the film grossed nearly 5 billion yuan in seven days, but its momentum shows no signs of slowing, thanks to the enthusiasm of Chinese audiences. It surpassed the previous record holder “The Battle at Lake Changjin,” which took 5.77 billion yuan, on Feb. 6 to become the highest-grossing domestic film of all time. Since then, it has gone on to quickly set several other records. It is now the most-watched film ever by total viewers in Chinese box office history, with more than 200 million admissions registered by Feb. 13.

    For the premium large format market, IMAX reported Thursday that “Ne Zha 2” had earned 562 million yuan in IMAX box office revenue within just 15 days of its release, surpassing “Avengers: Endgame” to become the highest-grossing IMAX release ever in China.

    Audience members attend the premiere of “Ne Zha 2” in Hollywood, Los Angeles, Feb. 8, 2025. [Photo courtesy of CMC Pictures]

    Meanwhile, “Ne Zha 2” has also broken several records on the world stage. According to Maoyan Pro, the film is now the highest-grossing film in a single market worldwide, surpassing the $936.66 million record set by “Star Wars: Episode VII – The Force Awakens” in North America. On Feb. 8, it became the world’s first film to break into the $1 billion club in a single market, showcasing the immense potential of the Chinese market.

    Besides setting the single-market record, it is also the third-fastest film to reach the $1 billion mark worldwide, achieving the feat in just 12 days, following “Avengers: Endgame” (five days) and “Avengers: Infinity War” (11 days). By Feb. 14, with its China-only total, it became the third-highest-grossing animated feature worldwide in history and has already climbed to 17th on the global box office chart, including both animated and live-action films.

    A trailer for “Ne Zha 2” is displayed in Times Square, New York, Feb. 6, 2025. [Photo courtesy of CMC Pictures]

    Closely following its staggering box office growth has become a daily source of interest and entertainment for many fans, while analysts, big data algorithms and AI models continue to revise their projections daily. The latest projection, released Tuesday night by Maoyan Pro, suggests the film could reach 16 billion yuan for its entire run in the Chinese mainland alone — a figure beyond even the wildest imagination of those in the Chinese film industry. If it manages to reach this milestone, it would become the highest-grossing animated film of all time and the fifth-highest-grossing film in history, behind only the two “Avatar” installments, “Avengers: Endgame” and “Titanic.” These achievements would be remarkable for a Chinese film in a ranking dominated by Hollywood juggernauts. Notably, all of this would be accomplished solely with its China total, without contributions from overseas markets, unlike other global top-grossers that rely heavily on international markets.

    The potential for the film’s worldwide earnings is also being unleashed. “Ne Zha 2” began its global rollout on Feb. 13 through distributor CMC Pictures in Australia, New Zealand, Fiji and Papua New Guinea, followed by the United States and Canada on Feb. 14, with reports that most showings are selling out quickly. The film will also be released in other international territories, including Singapore, Malaysia, Saudi Arabia, Japan and Greece later this year.

    Performers stage a dragon dance outside the TCL Chinese Theatre at the premiere of “Ne Zha 2” in Hollywood, Los Angeles, Feb. 8, 2025. [Photo courtesy of CMC Pictures]

    A grand North American premiere of “Ne Zha 2” was held at the fully packed landmark TCL Chinese Theatre in Hollywood on Feb. 8, receiving rave reviews. Hollywood producer Robert King praised the film’s quality and scale, noting that Chinese films have made significant strides in storytelling in recent years. Georges Chamchoum, executive director of the Asian World Film Festival, expressed deep appreciation for the cultural evolution of Chinese cinema. Meanwhile, Oscar-winning producer Andre Morgan, known for producing “Million Dollar Baby,” described the movie as “unbelievable.”

    MIL OSI China News

  • MIL-OSI Economics: Panasonic Recognized with Top ‘A’ Rating by CDP for Climate Change Leadership for Third Consecutive Year

    Source: Panasonic

    Headline: Panasonic Recognized with Top ‘A’ Rating by CDP for Climate Change Leadership for Third Consecutive Year

    Osaka, Japan, February 7, 2025 – Panasonic Holdings Corporation (PHD) has been named by CDP*1, an international non-profit organization, as an A-list*2 company for 2024 in recognition of its leadership in disclosure transparency and performance in the area of climate change. This marks the third consecutive year, and the sixth time overall, that PHD has achieved CDP’s highest rating.

    CDP is widely recognized as the global standard for corporate environmental reporting, and the ratings published annually by CDP are widely used to drive investment and procurement decisions toward a net zero, sustainable and resilient economy. In 2024, more than 24,800 companies, representing two-thirds of the global market value, reported their environmental data through CDP. Earning an “A” rating from CDP indicates that a company has been evaluated as positioning climate change as a critical management issue and has effectively managed governance, strategy, risk management, metrics, and targets related to climate change as per the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD)*3, which helps the company to gain the trust of investors and customers and facilitate its business.
    PHD received the highest “A” rating in the climate change category again for setting ambitious and meaningful goals to address and resolve climate change issues, for its emissions reduction activities, and for the transparency and comprehensiveness of its information disclosure. Moreover, in 2024, PHD received recognition from the international organization Science Based Targets initiative (SBTi)*4 for its “Net-Zero Targets”.
    Committed to making sure that my children and grandchildren and yours, and future generations can enjoy a healthy environment, the Panasonic Group will continue to promote efforts to solve global environmental problems and transparent disclosure of environmental information to achieve the mission of realizing “an ideal society with affluence both in matter and mind.”
    *1: CDP is an international NGO headquartered in the United Kingdom. It conducts activities to urge companies and local governments to disclose information about their environmental measures.
    *2: CDP rates companies using nine grades (A, A-, B, B-, C, C-, D, D-, and F).
    *3: Task Force on Climate-Related Financial Disclosures (TCFD): A framework for disclosing financial information on corporate climate change initiatives and impacts. The TCFD was established by the Financial Stability Board, which consists of central banks and other institutions from various countries, in response to a request from the G20.
    *4: A collaboration between the CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), with a global team composed of people from these organizations.

    MIL OSI Economics

  • MIL-OSI Australia: Australian Deputy PM: Holey Dollar returned to Polish Government

    Source: Minister of Infrastructure

    A rare silver coin has been returned to Republic of Poland representative, Deputy Minister, Marta Cienkowska at a ceremony in Canberra.

    Dating back more than 200 years, the coin was bought lawfully by a collector in the early 20th century and donated to a museum in Toruń where it became a protected object of Poland.

    It was stolen from the museum’s collection between 2011 and 2016, sold in two auctions in Europe, and then made its way to Australia through unlawful export.

    Acting on advice from the Office for the Arts and a restitution request from the Republic of Poland, the coin was seized by the Australian Federal Police under the Protection of Movable Cultural Heritage Act 1986 in August 2024, enabling its return.

    The 1813 Holey Dollar is an example of coins used in the colony of New South Wales to address a currency shortage.

    Originally a Charles III Spanish Silver Dollar minted in Mexico in 1777, it was one of 40,000 Spanish reales imported by Governor Lachlan Macquarie. The centre was cut out to create two new coins and the outer ring became known as the ‘Holey Dollar’.

    Minister for the Arts, Tony Burke, said the handover showed Australia was serious about upholding diplomatic and international treaty commitments.

    “I want to recognise the expertise of everyone involved in this great outcome for both countries, from tracking this object to seizing it.

    “It’s important that we continue to work together to return culturally significant objects to their rightful homes. Their value can be expressed not only in monetary terms but through telling our shared history and stories.”

    For images of the coin, visit: Returns of foreign cultural property | Office for the Arts.

    For more information, visit: Movable cultural heritage | Office for the Arts.

    MIL OSI News

  • MIL-OSI Australia: Holey Dollar returned to Polish Government

    Source: Australian Ministers for Regional Development

    A rare silver coin has been returned to Republic of Poland representative, Deputy Minister, Marta Cienkowska at a ceremony in Canberra.

    Dating back more than 200 years, the coin was bought lawfully by a collector in the early 20th century and donated to a museum in Toruń where it became a protected object of Poland.

    It was stolen from the museum’s collection between 2011 and 2016, sold in two auctions in Europe, and then made its way to Australia through unlawful export.

    Acting on advice from the Office for the Arts and a restitution request from the Republic of Poland, the coin was seized by the Australian Federal Police under the Protection of Movable Cultural Heritage Act 1986 in August 2024, enabling its return.

    The 1813 Holey Dollar is an example of coins used in the colony of New South Wales to address a currency shortage.

    Originally a Charles III Spanish Silver Dollar minted in Mexico in 1777, it was one of 40,000 Spanish reales imported by Governor Lachlan Macquarie. The centre was cut out to create two new coins and the outer ring became known as the ‘Holey Dollar’.

    Minister for the Arts, Tony Burke, said the handover showed Australia was serious about upholding diplomatic and international treaty commitments.

    “I want to recognise the expertise of everyone involved in this great outcome for both countries, from tracking this object to seizing it.

    “It’s important that we continue to work together to return culturally significant objects to their rightful homes. Their value can be expressed not only in monetary terms but through telling our shared history and stories.”

    For images of the coin, visit: Returns of foreign cultural property | Office for the Arts.

    For more information, visit: Movable cultural heritage | Office for the Arts.

    MIL OSI News