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Category: Finance

  • MIL-OSI Economics: BSTDB and Express Leasing Strengthen Partnership to Support Small Business, Green Finance and Women Entrepreneurs in Moldova

    Source: Black Sea Trade and Development Bank

    Press Release | 07-Apr-2025

    Empowering Businesses with Sustainable Finance and Equal Growth Opportunities

    The Black Sea Trade and Development Bank (BSTDB) has provided a USD 3 million combined Micro and SME, Green, and Gender Equality Credit Line to the Moldovan microfinance institution Express Leasing and Microcredit SRL.

    The financing will support micro and small businesses across Moldova, including projects with sustainability impact. This initiative reflects BSTDB’s commitment to SMEs and climate-conscious financing, helping to align its operations with the climate priorities of its shareholders and contributing to the broader decarbonization efforts in the region.

    A portion of the funds will be allocated to supporting women entrepreneurs, promoting inclusive economic growth and fostering greater opportunities for women-led businesses in the country.

    “The financing to Express Leasing consists of  three  key components, all aimed at  supporting sustainable market development, a  core objective of BSTDB’s  strategy. By extending funds for green investments and empowering women entrepreneurs, we are not only strengthening Moldova’s SME sector but also enhancing our contribution to a low-carbon and more inclusive regional economy,” said Dr. Serhat Köksal, BSTDB President.

    We are honored to strengthen our collaboration with BSTDB through this credit line that will enable us to reach more entrepreneurs, particularly women and those committed to sustainability,” said Sergiu Rosca, Executive Director of Express Leasing. “This partnership empowers us to continue supporting Moldova’s small businesses—the backbone of our economy—while also driving green innovation and inclusivity in finance.

     

    OCN ICS “Express Leasing & Microcredit” SRL is a limited liability leading non-bank financial institution incorporated in the Republic of Moldova. Owned 100% by Broadhurst Investment Limited (registered in Cyprus), the company’s main activity is loan and lease financing focusing on SMEs and micro-financing sector.

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Economics –

    April 7, 2025
  • MIL-OSI United Kingdom: Consultation launched to cut red tape for asset managers and boost growth

    Source: United Kingdom – Executive Government & Departments

    News story

    Consultation launched to cut red tape for asset managers and boost growth

    Red tape will be cut for asset managers, as the Chancellor goes further and faster to drive growth through the Plan for Change.

    • Consultation launched to simplify regulation for Alternative Investment Fund Managers.

    • Changes are expected to save asset managers time and money, while enhancing the UK’s appeal as a premier destination for capital management.

    • Continues action to cut red tape and reduce the burden of regulation on businesses, to go further and faster to drive growth and put more money into people’s pockets through Plan for Change.

    Following the Prime Minister’s commitment to cut the administrative cost of regulation on business by a quarter last month, the Treasury will consult on changes to rules governing Alternative Investment Fund Managers (AIFMs). 

    It will be focused on removing unnecessary barriers to investment by making rules less onerous for AIFMs. This will save asset managers millions in time, money and resource – while freeing them to help the UK’s most exciting businesses scale up, grow and create jobs. 

    Emma Reynolds, Economic Secretary to the Treasury, said: 

    We want to bring security to working people by going further and faster to drive growth through our Plan for Change. 

    That means making Britain the number one place to do business and tearing down unnecessary barriers to investment, such as costly regulation that prevents asset management firms from growing and provide capital for businesses across the country to grow. 

    Simon Walls, Interim Executive Director of Markets at the FCA, said:

    We want rules, better tailored to UK investment managers. These could allow them to operate more efficiently, further supporting competition, competitiveness and economic growth.  

    It’s part of our wider work to streamline the regulatory regime for asset managers, to support the continued competitiveness of our world-leading financial services as outlined in our new strategy. 

    Michael Moore, Chief Executive of the British Venture Capital Association, said: 

    We welcome the government’s consultation on developing a simpler and more competitive system for alternative investment fund managers (AIFMs). More effective, less burdensome regulation will make the UK private capital industry more globally competitive and help it to boost investment from the UK and international investors into growing British businesses.   

    This consultation is an important step in securing the UK’s status as one of the world’s leading private capital hubs. We look forward to engaging on the principles and the detail of the changes, but this provides the opportunity to create a real boost for the Government’s growth mission by developing the UK’s private capital fund ecosystem and increasing inward investment in UK SMEs. 

    Together with the FCA we plan to refresh outdated regulatory thresholds. The consultation will take place over the next 9 weeks, providing hedge funds, private equity firms, and investment trusts the opportunity to contribute to the development of a more streamlined regulatory environment.  

    Currently, firms face a suite of new regulatory burdens once they hold 100 million euros in assets, which can discourage some firms from growing and financing more investment across the country.

    This inadvertent cliff edge means that smaller asset management firms immediately have to sign up to the same rules as the biggest firms once they reach this threshold, bringing about large costs.  

    The consultation aims to create a more graduated regime, where only the largest firms – with the value of over £5 billion are subject to the full scope of requirements, with the majority of firms subject to much less prescriptive rules, helping to reduce admin costs for those businesses. 

    Once the consultation has concluded, feedback from the asset management sector will be used to design draft legislation which will then be shared with asset management businesses next year. 

    Further information

    • The consultation is open from Monday 7th April to Monday 9 June – access the consultation portal here.

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    Updates to this page

    Published 7 April 2025

    MIL OSI United Kingdom –

    April 7, 2025
  • MIL-OSI United Kingdom: More than £13 billion generated by public procurement

    Source: Scottish Government

    Procurement contributing to economic growth.

    Scotland’s known public sector procurement spend in 2022-23 delivered an estimated 120,000 full-time equivalent jobs and £7.5 billion to Scottish GDP.

    The sixth annual report on procurement activity in Scotland shows that known procurement spend generated an estimated £13.7 billion in economic activity.

    Small or medium size enterprises (SMEs) in Scotland benefited from more recorded procurement spend compared to the previous year. 61 pence in every pound spent in Scotland was with SMEs, up from 55 pence in every pound the year before.

    Public Finance Minister, Ivan McKee said:

    “Public procurement contributes billions to Scotland’s economy and supports thousands of jobs.

    “The increase in contracts awarded to SMEs is particularly welcome. SMEs are critical to the economic lifeblood of Scotland and can often bring an agility and flexibility that allows them to introduce innovative solutions faster than larger organisations. 

    “Public procurement has a pivotal role to play in delivering a sustainable future for Scotland and with a spend that is now in excess of £16 billion a year, we have an opportunity to make a real difference through using this in even more productive and innovative ways.”

    Background

    Under the Procurement Reform (Scotland) Act 2014, public bodies must consider and act on opportunities to achieve economic, social and environmental benefits through spending on goods and services.

    Public bodies include local authorities, universities, NHS health boards and housing associations.

    The report also shows:

    • Known Scottish public sector procurement spend totalled £16.6 billion in 2022-23, of which £8.9 billion was spent in Scotland alone.
    • Suppliers based in the 60% most deprived areas received approximately £500 million more known procurement spend on the previous year, totaling £4.8 billion.
    • Third sector organisations received an estimated £1.2 billion (or 13.3%) of known public procurement spend in Scotland during the reporting year.
    • 107 public bodies reported examples of the ways in which environmental wellbeing and climate change were addressed through procurement.
    • Some 18,079 suppliers were awarded contracts through the Public Contracts Scotland platform. Of these suppliers, 77% were SMEs.

    Annual report on procurement activity in Scotland: An overview of procurement activity 2022 to 2023 – gov.scot

    MIL OSI United Kingdom –

    April 7, 2025
  • MIL-OSI China: China’s Central Huijin increases holdings of exchange-traded funds

    Source: China State Council Information Office

    Central Huijin Investment Ltd. (Central Huijin), a Chinese state-owned investment company, said it has once again increased its holdings of exchange-traded funds and will continue to do so in the future to “resolutely safeguard” the stable operation of the capital market.

    The company said in a statement that it firmly believes in the development prospects of China’s capital market and fully recognizes the current investment value of A-shares.

    MIL OSI China News –

    April 7, 2025
  • MIL-OSI: Capgemini to establish AI Center of Excellence in Egypt to accelerate AI-driven innovation for global clients

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Mollie Mellows
    Tel.: + 44 (0)7342 709384
    E-mail: mollie.mellows@capgemini.com

    Capgemini to establish AI Center of Excellence in Egypt to accelerate AI-driven innovation for global clients

    Cairo, April 7, 2025 – Capgemini today announced it will establish an AI Center of Excellence (CoE) in Egypt focused on accelerating the generative and agentic AI transformation journeys of clients worldwide. Through this new cutting-edge AI hub, Capgemini will invest in research and development, collaborate with local academic institutions, and leverage technology partnerships to help accelerate client adoption of AI at scale. This initiative bolsters Capgemini’s strong ties with Egypt as a strategic innovation hub for global organizations. It also further cements Capgemini’s leadership in AI, reinforcing its commitment to developing talent, leveraging strategic industry partnerships, and accelerating AI-driven innovation to unlock significant value for clients.

    Capgemini is committed to driving continued growth and innovation in Egypt. By the end of 2025, it plans to double the number of employees in the country, reaching approximately 1200 highly talented professionals in the fields of digital transformation and innovation.

    The new AI hub will house a diverse team of architects, data scientists, product engineers, and project managers, expert in delivering transformative projects from business operations and design to engineering. Clients will benefit from the advantages of time zone alignment, multi-lingual skills, and ease of travel to this conveniently located Global Delivery Center.

    “The AI Center of Excellence in this strategic location allows us to support our clients in scaling AI within their own businesses, ensuring they remain at the forefront of innovation,” said Aiman Ezzat, CEO of Capgemini, on the occasion of the France-Egypt Investment Forum. “By investing in the region’s impressive talent and establishing this dedicated AI hub, we are not only fostering significant technological advancements but also creating a robust ecosystem for AI development. Our clients will benefit from enhanced service delivery, industry-specific solutions, and the unique advantages of being supported from Egypt.”

    With implementation starting in May 2025, the new AI hub will apply Capgemini’s deep industry-specific expertise to develop intelligent agents that are bespoke to highly regulated industries, such as energy, life sciences and aerospace. It is designed for clients to explore, design and implement cutting-edge technologies that can optimize operations and strategically transform their business, including supply chain and product innovation. By applying advanced algorithms and machine learning techniques, Capgemini will help clients across Europe, America, the Middle East, and Asia elevate customer experience to a strategic value driver.

    Hossam Seifeldin, CEO of Capgemini in Egypt, said “Egypt is experiencing an impressive growth trajectory, fueled by digitalization and exceptional talent in AI. I am excited to build on the strong foundation we have established in the region. Doubling our workforce and establishing this new AI Center of Excellence will not only drive cutting-edge innovation but also create valuable opportunities for local talent to thrive in a global arena.”

    About Capgemini

    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    Attachment

    • 04_07_Egypt AI Center of Excellence

    The MIL Network –

    April 7, 2025
  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 14

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 16 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    07/04/2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 14

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 14:

      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 1,306,333 235.6660 307,858,254
    31/03/2025 210,000 225.6168 47,379,528
    01/04/2025 141,634 227.8146 32,266,293
    02/04/2025 226,000 226.5486 51,199,984
    03/04/2025 227,000 221.6461 50,313,665
    04/04/2025 263,898 201.8707 53,273,274
    Total accumulated over week 14 1,068,532 219.3970 234,432,743
    Total accumulated during the share buyback programme 2,374,865 228.3460 542,290,998

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.275% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    • Danske Bank Company announcement_UK

    The MIL Network –

    April 7, 2025
  • MIL-OSI Economics: 7 April 2025 Russian-Chinese Construction Forum to be held as part of AmurExpo The 2nd Russian-Chinese Construction Forum and Exhibition of Construction Achievements will take place on 24–25 May 2025 at the AmurExpo Russian-Chinese Economic Forum in Blagoveshchensk, Russia. The AmurExpo is an offsite venue for the Eastern Economic Forum, which will be held on 3–6 September in Vladivostok. The EEF is organized by the Roscongress Foundation.

    Source: Eastern Economic Forum

    7 April 2025

    Russian-Chinese Construction Forum to be held as part of AmurExpo

    The 2nd Russian-Chinese Construction Forum and Exhibition of Construction Achievements will take place on 24–25 May 2025 at the AmurExpo Russian-Chinese Economic Forum in Blagoveshchensk, Russia. The AmurExpo is an offsite venue for the Eastern Economic Forum, which will be held on 3–6 September in Vladivostok. The EEF is organized by the Roscongress Foundation.

    “Holding such events provides professionals from the Amur Region with an opportunity to exchange experience with representatives of public associations and business communities from the regions and participating countries, as well as discuss business integration issues and how to build new logistics chains in the industry with their colleagues. The Forum participants will address issues concerning state construction policy and discuss the measures needed for the high-quality and rapid development of the Far East, including interaction mechanisms and methods to create attractive territories for integrated development,” Deputy Chairman of the Amur Region Government Pavel Matyukhin said.

    The Forum participants will attend the official opening of AmurExpo 2025 and the strategic session ‘Integrated Development of Territories: Infrastructure and Construction of the Future’, where experts and speakers will discuss the digitalization of the industry, the development of smart cities, best international practices in construction, and the integrated development of territories. In addition, the regional agenda will include the seminar ‘Establishment of Urban Development Systems of Russia and China’. Cadets from the Muravyov-Amursky programme plan to hold a roundtable titled ‘Modern Challenges and Prospects for Cooperation in Training Personnel in the Construction Industry’.

    The Forum guests will also have a chance to view the exhibition of achievements in construction and industry, where construction companies from Russia and China will present their successes.

    “The integrated development of territories is one of the priorities for the Far East. To this end, interregional cooperation and exchanging experience at the forum platforms of the Far Eastern Federal District are of paramount importance. Key approaches to solving issues that affect all regions of the federal district are traditionally hammered out there. The Eastern Economic Forum is a gathering point for the most successful practices, ideas, and proposals, where practical tools for the development of the macro-region are created and improved. I am confident that the results of the discussions at AmurExpo could be reflected in the programme of the EEF 2025, which will be held in Vladivostok on 3–6 September,” First Deputy CEO of the Roscongress Foundation and Director of the Eastern Economic Forum Igor Pavlov said.

    The Russian Centre for National Construction Policy, the organizer of the Russian-Chinese Construction Forum, signed a cooperation agreement at the AmurExpo 2024 in Blagoveshchensk. The first Forum was held in April 2024 in Harbin, China (Heilongjiang Province). The Forum brought together more than 10,000 participants, including representatives of business, science, and government from both countries, and primarily focused on the introduction of digital technologies in construction, smart design systems, as well as construction technologies for work in emergency situations.

    “The second Russian-Chinese Construction Forum is a logical continuation of the policy of strengthening cooperation that began last year. The first Forum clearly demonstrated the vast potential of and mutual interest in developing a partnership in the construction industry. We saw there is demand for such platforms for a direct dialogue, exchange of experience, and discussion of key issues. The interest of business entities from both countries confirms the prospects for implementing joint projects. I firmly believe that the second Forum will be an important step in strengthening long-term and mutually beneficial relations between Russia and China in the construction sector. We are counting on the active participation of all interested parties and invite them to engage in a constructive dialogue at the Forum,” Russian Centre for National Construction Policy Director Alexander Moor said.

    AmurExpo will take place on 22–25 May. The first day, 22 May, will be devoted to the regional agenda. The business programme architecture has been posted on the event’s website.

    The Forum is being held with the support of the Russian Ministry for the Development of the Far East and Arctic, the Russian Ministry of Economic Development, the Russian Ministry of Foreign Affairs, the Russian Ministry of Agriculture, and other federal institutions.

    AmurExpo is being organized by the Amur Region government, the Amur Region Investment Promotion Agency, and the Roscongress Foundation.

    The Forum operators are the Roscongress Foundation and the Amur Region Territory Development Centre.

     

    Read more

    MIL OSI Economics –

    April 7, 2025
  • MIL-OSI: Himax Technologies, Inc. Schedules First Quarter 2025 Financial Results Conference Call on Thursday, May 8, 2025, at 8:00 AM EDT

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, April 07, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, May 8, 2025, at 8:00 a.m. US Eastern Daylight Time and 8:00 p.m. Taiwan Time to discuss the Company’s first quarter 2025 financial results.

    HIMAX TECHNOLOGIES, INC. FIRST QUARTER 2025 EARNINGS CONFERENCE CALL

    DATE:     Thursday, May 8, 2025
    TIME:     U.S.         8:00 a.m. EDT
          Taiwan    8:00 p.m.

    Toll Free Dial-in Number (Audio Only):                                              

    Hong Kong 2112-1444
    Taiwan 0080-119-6666
    Australia 1-800-015-763
    Canada 1-877-252-8508
    China (1) 4008-423-888
    China (2) 4006-786-286
    Singapore 800-492-2072
    UK 0800-068-8186
    United States (1) 1-800-811-0860
    United States (2) 1-866-212-5567

    Dial-in Number (Audio Only):  

    Taiwan Domestic Access 02-3396-1191
    International Access +886-2-3396-1191
    Participant PIN Code:   3300508 #

      

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 3300508 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or visiting Himax’s website, where it will remain available until May 8, 2026. 

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email:  HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network –

    April 7, 2025
  • MIL-OSI: FN4/2025 Indkaldelse til generalforsamling

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq First North Growth Market meddelelse nr. 4/2025

    København, den 7.april 2025

    FN4-2025 Indkaldelse til generalforsamling

    Selskabets ordinære generalforsamling afholdes den 28. april kl. 16:00 online via Teams

    Dagsorden i henhold til vedtægterne:

    1. Bestyrelsens beretning om Selskabets virksomhed i det forløbne år
    2. Fremlæggelse af årsrapport og eventuelt koncernårsrapport med revisionspåtegning til godkendelse og decharge til ledelse og bestyrelse
    3. Eventuelle forslag fra bestyrelse og/eller aktionærerne
    4. Beslutning om anvendelse af overskud eller dækning af tab i henhold til den godkendte årsrapport
    5. Valg af bestyrelsesmedlemmer
    6. Valg af revisor
    7. Eventuelt

    Tilmeldingsblanketter kan findes på selskabets hjemmeside:

    https://www.fastpasscorp.com/investor-relations/

    Se den fulde tekst på vedlagte PDF

    På tilmeldingsblanketterne kan man også tilmelde sig til at følge generalforsamlingen via Teams.

    Yderligere oplysninger

    FastPassCorp A/S, CEO Anders Meyer, am@fastpasscorp.com

    Certified Adviser

    Certified Adviser Baker Tilly Corporate Finance P/S, Poul Bundgaards Vej 1, DK-2500 Valby, Tlf.: +45 33 45 10 00, www.bakertilly.dk

    Vigtige links:

    Hjemmesiden: https://fastpasscorp.com/

    Finansielle rapporter: https://fastpasscorp.com/investor-relations/

    For løbende opdateringer fra selskabet:

    https://linkedin.com/company/fastpasscorp

    Om FastPassCorp A/S

    FastPassCorp A/S udvikler avancerede software- og SaaS-løsninger med fokus på sikker og effektiv håndtering af adgangsprocesser i store og komplekse organisationer. Med løsninger som FastPass og Identity Verification Manager (IVM) hjælper selskabet virksomheder med at styrke beskyttelsen af brugeridentiteter og adgangskoder, samtidig med at produktiviteten øges og risici forbundet med social engineering og identitetstyveri reduceres. FastPassCorp opererer både nationalt og internationalt gennem et netværk af betroede partnere og forhandlere. Selskabet er noteret på First North Growth Market, NASDAQ Copenhagen[FASTPC].

    Attachment

    • FN4-2025 Indkaldelse til generalforsamling v1.2

    The MIL Network –

    April 7, 2025
  • MIL-OSI: Driving the solar revolution in Africa together: EWIA Green Investments acquires SunErgy

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Driving the solar revolution in Africa together: EWIA Green Investments acquires SunErgy

    • Expansion into Cameroon
    • Diversification into the mini-grid and off-grid market
    • SunErgy shareholders join EWIA

    Munich, 7th April 2025. Two years after launching their collaboration on solar projects in sub-Saharan Africa, EWIA Green Investments GmbH (EWIA), SunErgy GmbH, and KGAL have decided to convert their partnership into a merger. Under the terms of a new agreement, EWIA will acquire all shares in SunErgy. In turn, SunErgy’s existing shareholders will take stakes in EWIA Green Investments GmbH.    The merger aims to establish a leading solar provider for Africa, overseeing projects from planning and financing to implementation.

    “Investments in solar and infrastructure drive growth and prosperity in Africa while countering the climate crisis,” said Ralph Schneider, Managing Director of EWIA. “Simultaneously, this market offers unparalleled potential for investors globally.”

    “With an average age of 19, Africa is not only the continent with the youngest population but also the one with the greatest growth opportunities,” emphasizes Dr. Alexander Ergenzinger, Investment Manager at SunErgy’s main shareholder KGAL, and Managing Director of SunErgy GmbH.

    600 million people on the continent still have to manage completely without electricity supply. In many African countries, high and steadily rising electricity prices, combined with frequent, prolonged power outages, pose a severe challenge to the economy and social stability. These outages must be compensated for with expensive diesel generators (costing approximately €0.50–0.80/kWh) – an unsatisfactory situation both economically and ecologically.

    Africa, the solar continent

    Due to its proximity to the equator and an annual sunshine duration ranging from 1,800 to 3,000 hours, sub-Saharan Africa boasts enormous potential for solar energy generation.

    SunErgy (https://sunergy-power.org/) was founded in Norway in 2010 and aims to provide communities in emerging markets with off-grid solar energy through small turnkey solar power plants that are connected directly to customers’ buildings via their own power grid, so-called mini-grids.

    Synergy thanks to SunErgy

    SunErgy complements EWIA’s business. To date, the company has focused on selling solar systems to commercial and industrial customers under a solar-as-a-service model tailored for medium-sized enterprises. EWIA manages the planning, financing, construction, and operation of these systems, which are designed to largely self-finance through cumulative savings on diesel and grid electricity costs for customers. Geographically, operations have centred on Ghana and Nigeria. Following the acquisition, EWIA now employs 76 people.

    Mini Grids for villages in Cameroon

    SunErgy’s activities have so far been organized through SunErgy GmbH in Germany and its two subsidiaries in Cameroon, SunErgy Ltd. and 2 Mites Ltd. SunErgy Cameroon is responsible for the construction and operation of solar power plants in Cameroon, as well as for building solar power plants in other African countries. In September 2014, the company signed an agreement with the Republic of Cameroon to supply solar power to 92 villages in the southwest region, encompassing approximately 115,000 families (600,000 people), as well as schools, health centres, and private and public enterprises. Twelve municipalities have now been electrified through the construction of mini-grids.

    “The merger of EWIA and SunErgy is a meaningful step toward realising our strategy of becoming one of the leading providers of solar solutions for sub-Saharan Africa,” affirms Ralph Schneider. “In addition to geographical expansion and diversification into the stand-alone solutions market, another crucial factor is that, with shareholders like KGAL, we gain established and experienced investors and investment professionals with proven expertise in the infrastructure sector, which constitutes a substantial enhancement.”

    “KGAL has been providing investors with investment strategies in the renewable energy sector for over 20 years,” adds Michael Ebner, Managing Director of Asset and Portfolio Management at KGAL. “We are pleased to entrust SunErgy to EWIA and support the company’s continued growth. The African renewable energy market offers impact investors a wide array of opportunities.”

    About EWIA Green Investments

    EWIA provides small and medium-sized businesses in Africa with access to clean solar energy and serves as a bridge builder to investors in Europe as well as for the transfer of technology know-how. Based in Munich, Germany, with operating entities in Ghana and Nigeria, EWIA offers private and institutional investors access to attractive impact investments in the fight against climate change and for sustainable economic growth in Africa. With EWIA’s flexible full-service financing solution, companies in Africa have the opportunity to obtain solar power, financing, security and service from a single source. In the infrastructure sector, EWIA funds and constructs mobile phone communication masts and traffic monitoring systems and equips them with PV systems.

    www.ewiainvestments.com + + + https://ewiafinance.de/

    Contact for queries:

    EWIA Green Investments GmbH
    Ralph Schneider, CEO
    ralph.schneider@EWIAinvestments.com
    +49 162 1366 984

    Schwarz Financial Communication
    Frank Schwarz
    schwarz@schwarzfinancial.com
    +49 611 58029290

    About KGAL

    KGAL is a leading independent investment and asset manager with over €15 billion in assets under management. The company specialises in long-term real asset investments for institutional and private investors across real estate, sustainable infrastructure, and aviation. Founded 56 years ago, the Europe-wide group is headquartered in Grünwald near Munich. Its 396 employees contribute to achieving sustainably stable returns by accounting for risk and return (as of December 31, 2024).

    www.kgal.de

    Contact for queries:

    KGAL GMBH & Co. KG
    Markus Lang, Head of Marketing & Communications
    markus.lang@kgal.de
    +49 89 64143-307

    Attachment

    • Visual 1 – Management

    The MIL Network –

    April 7, 2025
  • MIL-OSI Australia: AUSTIN puts Canberra in the spotlight

    Source: Northern Territory Police and Fire Services

    Ben Miller and acting newcomer Michael Theo star in the production.

    AUSTIN, a narrative comedy series filmed predominately in the ACT, will premiere on Sunday 9 June at 8pm on ABC TV and ABC iview.

    The series was supported by the ACT Government and Screen Canberra through the CBR Screen Attraction Fund and CBR Screen Investment Fund.

    Showcasing Canberra’s beauty, the eight-part series puts the city in the spotlight.

    The production created many training and employment opportunities for local professionals. It also brought significant economic expenditure to the region.

    AUSTIN stars two of the UK’s most-loved comic performers – Ben Miller (Bridgerton, Death in Paradise) and Sally Phillips (Veep, Bridget Jones’s Diary) – along with favourite Australian actors Gia Carides (My Big Fat Greek Wedding, Big Little Lies) and Roy Billing (Jack Irish, Underbelly).

    The series also sees Michael Theo, from the ABC’s international hit series Love on the Spectrum, make his acting debut.

    It was produced by the multi-award-winning team at Northern Pictures, with Lincoln Pictures.

    About AUSTIN

    When much-loved children’s author Julian Hartswood (Ben Miller) inadvertently causes a social media storm, his career and that of his illustrator wife Ingrid (Sally Phillips) appears to be over. That is until Austin (Michael Theo), the neurodivergent son that Julian never knew existed, turns up out of the blue. 

    Could embracing this modern nuclear family be Julian’s route back from cancellation? Will Ingrid forgive him? One thing is for certain: if Julian thinks Austin is going to be a push over, he’s in for a rude awakening.

    Production credit: A Northern Pictures production with Lincoln Pictures for the ABC. Major

    Production investment from the ABC in association with Screen Australia, the ACT Government and Screen Canberra. Post produced with the assistance of the NSW Government in association with ITV Studios.

    AUSTIN trailer

    View the AUSTIN trailer


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    MIL OSI News –

    April 7, 2025
  • MIL-OSI New Zealand: Release: Flaws in Govt’s climate strategy will cost us money

    Source: New Zealand Labour Party

    The Government’s plan to achieve our climate goals falls short, and will cost New Zealanders money and jobs.

    “The Government needs to come clean on how it is going to ensure we not only reach our Paris Agreement obligations, but also how we are going to meet our domestic net zero 2050 target,”
    Labour climate spokesperson Deborah Russell said.

    “Increasing reliance on trees to absorb carbon once it’s emitted will not get us where we need to be, especially since the Government also cut $3 billion worth of climate action from last year’s Budget.

    “The Government scrapped effective climate work such as the Clean Car Discount, extension to the Warmer Kiwi Homes programme and the Government Investment in Decarbonising Industry Fund.

    “The Government’s forestry plans are deeply unrealistic and so it needs to show how it intends to meet targets. Otherwise, we will be committed to buying expensive offshore credits, which aren’t budgeted for.

    “Worse than that, they’re failing to meet our commitments to our children. We aren’t doing our bit to address climate change and that means leaving our children worse off and having to live in an irreparably changed world,” Deborah Russell said.


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    MIL OSI New Zealand News –

    April 7, 2025
  • MIL-OSI: Shell first quarter 2025 update note

    Source: GlobeNewswire (MIL-OSI)

     The following is an update to the first quarter 2025 outlook and gives an overview of our current expectations for the first quarter. Outlooks presented may vary from the actual first quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on May 2, 2025. Unless otherwise indicated, all outlook statements exclude identified items.

    See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure.

       Integrated Gas

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Production (kboe/d) 905 910 – 950 Impacted by unplanned maintenance, including in Australia.
    LNG liquefaction volumes (MT) 7.1 6.4 – 6.8 Reflects weather impact (cyclones) and unplanned maintenance in Australia.
    Underlying opex 1.0 0.9 – 1.1  
    Adjusted Earnings:
    Pre-tax depreciation 1.4 1.2 – 1.6  
    Taxation charge 0.6 0.7 – 1.0  
    Other Considerations:
    Trading & Optimisation results are expected to be in line with Q4’24, despite a higher (non-cash) impact from expiring hedge contracts compared to the previous quarter.

     Upstream

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Production (kboe/d) 1,859 1,790 – 1,890  
    Underlying opex 2.5 2.1 – 2.7  
    Adjusted Earnings:
    Pre-tax depreciation 2.8 1.9 – 2.5  
    Taxation charge 2.6 2.4 – 3.2  
    Other Considerations:
    The share of profit / (loss) of joint ventures and associates in Q1’25 is expected to be ~$0.2 billion. Q1’25 exploration well write-offs are expected to be ~$0.1 billion.
    The Q1’25 outlook reflects the completion of the SPDC divestment in March 2025.

     Marketing

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Sales volumes (kb/d) 2,795 2,500 – 2,900  
    Underlying opex 2.5 2.3 – 2.7  
    Adjusted Earnings:
    Pre-tax depreciation 0.6 0.5 – 0.7  
    Taxation charge 0.3 0.2 – 0.5  
    Other Considerations:
    Combined Mobility & Lubricants results expected to be in line with Q4’24. Overall Marketing results are expected to be impacted by a lower contribution from Sectors & Decarbonisation. 

      Chemicals and Products

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Indicative refining margin $5.5/bbl $6.2/bbl  
    Indicative chemicals margin $138/tonne $126/tonne The Chemicals sub-segment adjusted earnings are expected to be in line with Q4’24.
    Refinery utilisation 76% 83% – 87%  
    Chemicals utilisation 75% 79% – 83%  
    Underlying opex 2.1 1.8 – 2.2  
    Adjusted Earnings:
    Pre-tax depreciation 0.9 0.8 – 1.0  
    Taxation charge / (credit) (0.2) (0.2) – 0.3  
    Other Considerations:
    Trading & Optimisation in Q1’25 is expected to be significantly higher than Q4’24, in line with Q2’24 and Q3’24 contributions.

     Renewables and Energy Solutions

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted Earnings (0.3) (0.3) – 0.3  

    Corporate

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted Earnings (0.4) (0.6) – (0.4)  

    Shell Group

    $ billions Q4’24 Q1’25 Outlook Comment
    CFFO:
    Tax paid 2.9 2.5 – 3.3  
    Derivative movements 0.3 (2) – 2  
    Working capital 2.4 (5) – 0 Includes ~$0.5 billion of deferred German Mineral Oil Taxes settlements.
    Other Shell Group Considerations:
    The Q1’25 net debt movement will reflect a ~$1.5 billion increase related to loan facilities provided at completion of the sale of SPDC in Nigeria as well as lease additions associated with the Pavilion acquisition.  

    Guidance

    The ‘Quarterly Databook’ contains guidance on Indicative Refining Margin, Indicative Chemicals Margin and full-year price and margin sensitivities (Link).

    Consensus

    The consensus collection for quarterly Adjusted Earnings, Adjusted EBITDA is per the reporting segments and CFFO at a Shell group level, managed by Vara Research, is expected to be published on April 23, 2025.

    Appendix

    Indicative Margins

    Chemicals & Products Q4’24 Q1’25 Updated Outlook
    Indicative refining margin $5.5/bbl $6.2/bbl
    Indicative chemicals margin $138/tonne $126/tonne

    Volume Data

      Q4’24 Adjusted Q1’25 QPR Outlook Q1’25 Updated Outlook
    Integrated Gas      
    Production (kboe/d) 905 930 – 990 910 – 950
    LNG liquefaction volumes (MT) 7.1 6.6 – 7.2 6.4 – 6.8
    Upstream      
    Production (kboe/d) 1,859 1,750 – 1,950 1,790 – 1,890
    Marketing      
    Sales volumes (kb/d) 2,795 2,500 – 3,000 2,500 – 2,900
    Chemicals & Products      
    Refinery utilisation 76% 80% – 88% 83% – 87%
    Chemicals utilisation 75% 78% – 86% 79% – 83%

    Underlying Opex

    Underlying operating expenses is a measure aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. For further details see the 4th Quarter 2024 and full year unaudited results (Link).

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Production and manufacturing expenses 5.8    
    Selling, distribution and administrative expenses 3.2    
    Research and development 0.3    
    Operating Expenses (Opex) 9.4 9.4  
    Less: Identified Items   0.3  
    Underlying Opex   9.1  
        of which:      
        Integrated Gas 1.1 1.0 0.9 – 1.1
        Upstream 2.6 2.5 2.1 – 2.7
        Marketing 2.6 2.5 2.3 – 2.7
        Chemicals and Products 2.1 2.1 1.8 – 2.2
        Renewables and Energy Solutions 0.8 0.7  

    Depreciation, depletion and amortisation

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Depreciation, Depletion & Amortisation 7.5 7.5  
    Less: Identified Items   1.7  
    Pre-tax depreciation (as Adjusted)   5.8  
        of which:      
        Integrated Gas 2.0 1.4 1.2 – 1.6
        Upstream 2.9 2.8 1.9 – 2.5
        Marketing 1.0 0.6 0.5 – 0.7
        Chemicals and Products 1.2 0.9 0.8 – 1.0
        Renewables and Energy Solutions 0.5 0.1  

     Tax Charge

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Taxation Charge 3.2 3.2  
    Less: Identified Items and Cost of supplies adjustment   (0.2)  
    Taxation Charge (as Adjusted)   3.4  
        of which:      
        Integrated Gas 0.5 0.6 0.7 – 1.0
        Upstream 2.8 2.6 2.4 – 3.2
        Marketing 0.2 0.3 0.2 – 0.5
        Chemicals and Products (0.4) (0.2) (0.2) – 0.3
        Renewables and Energy Solutions 0.1 0.1  

    Adjusted Earnings

    The “Adjusted Earnings” measure aims to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. These items are in some cases driven by external factors and may, either individually or collectively, hinder the comparative understanding of Shell’s financial results from period to period. This measure excludes earnings attributable to non-controlling interest. For further details see the 4th Quarter 2024 and full year unaudited results (Link).

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Income/(loss) attributable to Shell plc shareholders 0.9 0.9  
    Add: Current cost of supplies adjustment attributable to Shell plc shareholders   —  
    Less: Identified items attributable to Shell plc shareholders   (2.8)  
    Adjusted Earnings   3.7  
        of which:      
        Renewables and Energy Solutions (1.2) (0.3) (0.3) – 0.3
        Corporate (0.3) (0.4) (0.6) – (0.4)

    Enquiries

    Media International: +44 (0) 207 934 5550

    Media Americas: +1 832 337 4355

    Cautionary Note

    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

    The numbers presented in this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures due to rounding.

    Forward-Looking statements
    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”; “aspiration”; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, April 7, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

    Shell’s net carbon intensity
    Also, in this announcement we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

    Shell’s net-zero emissions target
    Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years.  However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

    Forward-Looking Non-GAAP measures

    This announcement may contain certain forward-looking non-GAAP measures such as Adjusted Earnings, Adjusted EBITDA, Cash flow from operating activities excluding working capital movements, Cash capital expenditure, Net debt and Underlying operating expense.

    Adjusted Earnings and Adjusted EBITDA are measures used to evaluate Shell’s performance in the period and over time.
    The “Adjusted Earnings” and Adjusted EBITDA are measures which aim to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items.
    Adjusted Earnings is defined as income/(loss) attributable to shareholders adjusted for the current cost of supplies and excluding identified items. “Adjusted EBITDA (CCS basis)” is defined as “Income/(loss) for the period” adjusted for current cost of supplies; identified items; tax charge/(credit); depreciation, amortisation and depletion; exploration well write-offs and net interest expense. All items include the non-controlling interest component.
    Cash flow from operating activities excluding working capital movements is a measure used by Shell to analyse its operating cash generation over time excluding the timing effects of changes in inventories and operating receivables and payables from period to period. Working capital movements are defined as the sum of the following items in the Consolidated Statement of Cash Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Cash capital expenditure is the sum of the following lines from the Consolidated Statement of Cash flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities. Net debt is defined as the sum of current and non-current debt, less cash and cash equivalents, adjusted for the fair value of derivative financial instruments used to hedge foreign exchange and interest rate risks relating to debt, and associated collateral balances. Underlying operating expenses is a measure of Shell’s cost management performance and aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. Underlying operating expenses comprises the following items from the Consolidated statement of Income: production and manufacturing expenses; selling, distribution and administrative expenses; and research and development expenses and removes the effects of identified items such as redundancy and restructuring charges or reversals, provisions or reversals and others.

    We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.
    The contents of websites referred to in this announcement do not form part of this announcement.

    We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

    LEI number of Shell plc: 21380068P1DRHMJ8KU70

    The MIL Network –

    April 7, 2025
  • MIL-OSI: Granting of Employee Stock Options

    Source: GlobeNewswire (MIL-OSI)

    On April 4, 2025, AB Šiaulių Bankas (hereinafter – the Bank) granted stock option rights to 26 employees of the Bank Group as part of the annual variable remuneration for the year 2024,

     

    ·       when a 5-year deferral period applies to the deferred portion of the annual variable remuneration:

    o   3/5 to be granted on April 7, 2028 – 792,825 shares

    o   1/5 to be granted on April 9, 2029 – 264,275 shares

    o   1/5 to be granted on April 8, 2030 – 264,284 shares

     

    ·       when a 4-year deferral period applies to the deferred portion of the annual variable remuneration:

    o   3/4 to be granted on April 7, 2028 – 441,825 shares

    o   1/4 to be granted on April 9, 2029 – 147,264 shares

     

    ·       when a 3-year deferral period applies to the deferred portion of the annual variable remuneration to be granted on April 7, 2028 – 53,907 shares

     

    Additionally, on April 4, 2025, as part of the long-term incentive program for 2025-2027, the Bank granted stock option rights to 7 employees, subject to a 5-year deferral period:

    o   3/5 to be granted on April 7, 2028 – up to 4,380,000 shares

    o   1/5 to be granted on April 9, 2029 – up to 1,060,000 shares

    o   1/5 to be granted on April 8, 2030 – up to 1,060,000 shares

     

    The Bank has granted employees stock option rights for up to 12,292,799 shares that have not yet been acquired.

     

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@sb.lt

    The MIL Network –

    April 7, 2025
  • MIL-OSI: 19/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 19 / 2025
    Schindellegi, Switzerland – 7 April 2025


    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. The buyback program will not be active from 9 to 15 April 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million).

    Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

    Date    Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 39,868 85.95 3,426,558
    31 March 2025 3,000 85.09 255,270
    1 April 2025 2,558 85.64 219,067
    2 April 2025 2,079 86.44 179,709
    3 April 2025 2,500 86.25 215,625
    4 April 2025 2,121 84.36 178,928
    Accumulated 52,126 85.85 4,475,156

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 52,126 at a total amount of DKK 4,475,156.
    On 25 March 2025, 1,352 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025).
    On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 287,160 treasury shares, corresponding to 1.5%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,457,739.


    Investor and media contact

    Frederik Svanholm, Group Investment Director & Head of Investor Relations
    frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    • CA_19_25_Buyback

    The MIL Network –

    April 7, 2025
  • MIL-OSI: Notification on Transactions by AB Šiaulių Bankas Executives

    Source: GlobeNewswire (MIL-OSI)

    AB Šiaulių Bankas has received notifications from its executives – members of the Management Board of Šiaulių Bankas and the Head of the Information Technology Division – regarding the signing of agreements involving stock option rights and shares of Šiaulių Bankas (attached).

     

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@sb.lt

    Attachments

    The MIL Network –

    April 7, 2025
  • MIL-OSI: Atos brings forward its first quarter 2025 revenue release to April 17, 2025 to synchronize with its liquidity reporting

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos brings forward its first quarter 2025 revenue release to April 17, 2025 to synchronize with its liquidity reporting

    Paris, France – April 7, 2025 – Atos SE announces that it brings forward its Q1 2025 revenue publication date to April 17, 2025 in order to synchronize it with the issuance of its liquidity report required as part of its recurring reporting obligations towards its creditors.

    Initially planned on April 25, 2025, the first quarter revenue press release will be issued on April 17, 2025 at 07:30 am (CET – Paris) and will include the Group’s estimated liquidity position as of March 31st, 2025.

    The Group does not plan to hold a conference call on that day and will not provide indications on its 2025 financial objectives, as it will present an update of its strategy and organization during a Capital Markets Day that will be held in Bezons and webcast live on May 14, 2025.

    Forthcoming events

    April 17, 2025 (Before Market Opening) First quarter 2025 revenue
    May 14, 2025 Capital Markets Day
    June 13, 2025 Annual General Meeting
       
    August 1st, 2025 (Before Market Opening)  First semester 2025 results

    ***

    About Atos

    Atos is a global leader in digital transformation with circa 78,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 68 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:

    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96

    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: +33 8 05 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

    • PR – Atos – Atos reschedules its first quarter 2025 revenue release

    The MIL Network –

    April 7, 2025
  • MIL-OSI: GAM Investments and Swiss Re announce new Cat Bond and ILS investment partnership

    Source: GlobeNewswire (MIL-OSI)

    Zurich: 7 April 2025 

    PRESS RELEASE

    Ad hoc announcement pursuant to Art. 53 Listing Rules:

    GAM Investments and Swiss Re announce new Cat Bond and ILS investment partnership. 

    • Industry pioneers agree long-term strategic partnership, together creating a new distinctive global force in the Catastrophe Bond (Cat Bond) and Insurance-Linked Securities (ILS) market.
    • Swiss Re, through its subsidiary Swiss Re Insurance-Linked Investment Advisors Corporation (“SRILIAC”), will be appointed as co-investment manager of GAM’s ILS fund range, including the GAM Star Cat Bond UCITS Fund, effective from 7 May 2025.
    • Swiss Re currently manages approximately USD 5 billion in ILS assets, including funds, sidecars and bespoke structures. From 7 May 2025, Swiss Re will additionally co-manage GAM’s ILS funds, which have a total of approximately USD 3 billion in assets under management (AUM) as of 31 March 2025.
    • As global markets evolve, cat bonds and ILS continue to provide attractive investment opportunities, offering diversification, scalability, and resilience against macroeconomic trends. Swiss Re’s scale and end-to-end expertise in the ILS market, supported by their specialist underwriting know-how delivers unique risk management capabilities and enhanced investment expertise for investors.
    • GAM has been a pioneer in the Cat Bond and ILS space, recognising its potential early on and developing innovative investment solutions that have contributed to the market’s growth. With 20 years of experience, GAM has built a robust infrastructure, a global distribution network, and a strong client service framework, fostering deep and long-standing relationships with investors.
    • GAM has hired ILS executive Dr. Rom Aviv as Head of ILS to drive the expansion of its ILS business, lead its strategic collaboration with Swiss Re, and develop innovative investment solutions for its clients.

    Strengthening our commitment to excellence: GAM is delighted to announce it has formed a strategic and long-term partnership with Swiss Re, one of the world’s leading providers of reinsurance, insurance and a leader in the ILS marketplace.

    With a strong pedigree and history in the ILS market, the unique and expert combination formed by this partnership positions Swiss Re and GAM as leaders in Cat Bond and ILS investing for the benefit of clients.

    As co-investment manager, Swiss Re will be responsible for investment and portfolio management decisions, while GAM will retain responsibility for risk management oversight and will lead global distribution and product structuring. Swiss Re and GAM will also collaborate on ILS innovation together.

    The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, with a track record spanning more than 160 years. It has been a pioneer in catastrophe bonds (cat bonds) since the market was created in the 1990s, acting as a leading sponsor of cat bonds and sidecars and, through Swiss Re Capital Markets, is also a leading arranger of cat bonds having arranged transactions with a notional value of approximately USD 50 billion. This accounts for more than a quarter of the notional value of all cat bonds issued since 1997.

    Investors in GAM’s cat bond and ILS funds will now benefit from Swiss Re’s extensive risk knowledge and underwriting expertise, including more than 50 dedicated scientists working in catastrophe risk, over 190 proprietary peril models and approximately 200 terabytes of curated portfolio data. Investors will continue to leverage GAM’s robust institutional framework, combining a strong infrastructure, rigorous risk management, and tailored investment solutions, with exemplary client service delivering operational excellence and an institutional platform of the highest standards.

    The funds will be co-managed by SRILIAC, a Swiss Re wholly-owned subsidiary and a US Securities and Exchange Commission registered investment adviser. The SRILIAC unit is led by Mariagiovanna Guatteri, who has more than 20 years’ experience in cat bond portfolio management and natural catastrophe modelling at Swiss Re, including managing Swiss Re’s proprietary ILS investments and managing third party capital for Swiss Re’s ILS-related investment strategies.

    Mariagiovanna Guatteri, CEO and CIO of SRILIAC, commented: “The ILS market set new records in 2024 and strong returns on cat bonds have highlighted the attractiveness and diversification value of the asset class for investors. It is an exciting time for the industry and we see considerable interest both from cat bond issuers and investors.”

    Cat bonds, which are issued to provide financial protection against potential losses from natural catastrophes or other perils, allow investors to access an asset class, whose returns have low correlation with other financial markets asset classes.

    The cat bond market continues to grow due to increased demand for risk transfer primarily driven by economic development, concentration of insured values in exposed areas, changing vulnerability and climate change. The asset class offers investors a scalable and diversifying investment opportunity.

    Dr. Rom Aviv, the newly appointed Head of ILS at GAM, brings 17 years of experience spanning buy-side and sell-side roles, with deep expertise in modelling, structuring, and product development across ILS, reinsurance, and capital markets. He commented: “The resilience of Cat Bonds in the face of market volatility, delivering attractive, diversifying returns above the risk-free rate, has been reinforced by 25 years of empirical evidence. GAM and Swiss Re have been key pioneers in scaling and evolving this asset class for over two decades, with this partnership bringing together investment management expertise, underwriting capabilities, and a state-of-the-art client infrastructure to ensure investors access truly compatible and tailored solutions. I am thrilled to join GAM, lead the expansion of its ILS business, and partner with the foremost reinsurer in the ILS space.”

    Elmar Zumbuehl, Group CEO of GAM Investments said, “For 20 years GAM has provided clients with access to portfolio diversifying Catastrophe and Insurance Linked Securities globally. We are proud of our significant contribution to the asset class, having helped several thousand clients access and invest in GAM Cat Bond and ILS strategies. GAM and Swiss Re’s combined strengths across global distribution, product innovation, risk management and investment expertise will help make an already exciting asset class more accessible to our clients.”

    Christopher Minter, Head of Swiss Re Alternative Capital Partners, said: “We are delighted to partner with GAM to co-manage their cat bond and ILS investment strategies. We look forward to working with GAM to bring Swiss Re’s unparalleled risk knowledge and cat bond industry experience to investors.”

    For further information please visit www.gam.com/cat-bonds or contact: 

    Colin Bennett | GAM Media Relations                      
    T +44 (0) 20 73 938 544
    Colin.Bennett@gam.com

    Visit us: www.gam.com
    Follow us: X and LinkedIn

    About GAM Investments

    GAM Investments is a highly scalable global investment platform with strong global distribution capabilities focusing on three core areas, Specialist Active Investing, Alternative Investing and Wealth Management, that is listed in Switzerland. It delivers distinctive and differentiated investment solutions across its Investment and Wealth Management businesses. Its purpose is to protect and enhance clients’ financial future. It attracts and empowers brightest minds to provide investment leadership, innovation and a positive impact on society and the environment. Total assets under management were CHF 16.3 billion as of 31 December 2024. GAM Investments has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983, and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland. For more information about GAM Investments, please visit www.gam.com

    About Swiss Re

    Corporate Video

    The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 70 offices globally.

    Other Important Information

    This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, “estimate”, “aim”, “project”, “forecast”, “risk”, “likely”, “intend”, “outlook”, “should”, “could”, “would”, “may”, “might”, “will”, “continue”, “plan”, “probability”, “indicative”, “seek”, “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.

    Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.

    This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction.

    Attachments

    • Ad-hoc-announcement-GAM Investments and Swiss Re announce new Cat Bond and ILS investment partnership_En
    • Ad-hoc-Mitteilung-GAM Investments und Swiss Re geben neue Cat-Bond- und ILS-Anlagepartnerschaft bekannt_DE

    The MIL Network –

    April 7, 2025
  • MIL-OSI Asia-Pac: President Lai delivers remarks on US tariff policy response

    Source: Republic of China Taiwan

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

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

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

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

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

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

    MIL OSI Asia Pacific News –

    April 7, 2025
  • MIL-OSI USA: Beatty Demands Accountability for Trump Officials’ Reckless Leak of National Security Details

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

    WASHINGTON, D.C. – This week, U.S. Congresswoman Joyce Beatty sent a letter to Attorney General Pam Bondi and Federal Bureau of Investigation (FBI) Director Kash Patel demanding an immediate and thorough investigation into high-ranking Trump Administration officials’ mishandling of highly sensitive and likely classified information relating to recent U.S. national security operations on the messaging app, Signal:

     

    “I write with grave concern for American national security given the recent report in The Atlantic that several high-ranking members of the Trump Administration, including Vice President J.D. Vance, mishandled sensitive and likely classified information about U.S. national security operations. Any American who values the sacrifices our troops make to keep our country safe should be deeply outraged by this report.”

     

    “It is unconscionable that the very individuals entrusted with keeping our nation safe may have compromised national security and endangered the lives of American troops with grossly negligent actions. National security experts have opined that, based on the messages from the group chat that have been released, the information discussed would be highly restricted, if not classified at some of the highest levels,” Beatty wrote in the letter. “This would make the mention of these details to unauthorized persons – including a reporter like Mr. Goldberg – unlawful and its discussion outside of a secure location like a SCIF, let alone on personal devices, while traveling internationally, and through a commercially available application like Signal, also improper.”

    “As the Department of Justice, you have the responsibility – as part of your stated mission – ‘to uphold the rule of law and keep our country safe,’ and to ‘follow the facts and the law wherever they may lead, without prejudice.’’ Despite this Administration’s clearly demonstrated belief that it is above the law, it is imperative that you fulfill the duties of the positions you swore an oath to serve in,” Beatty continued in the letter, “I therefore demand that you conduct a timely, thorough, and proper investigation into the reported mishandling of national defense-related information by senior Trump Administration officials and take all resulting steps necessary to hold those who committed violations of federal law fully accountable. I look forward to your timely response.”

     

    Read the full letter HERE.

     

    ###

    MIL OSI USA News –

    April 7, 2025
  • MIL-OSI New Zealand: Police make arrests following Ōtara aggravated robbery

    Source: New Zealand Police (National News)

    Police were quickly on the scent of two offenders following an aggravated robbery at an Ōtara dairy.

    Investigators are also making good progress in identifying other offenders involved.

    Detective Senior Sergeant Dave Paea, of Counties Manukau CIB, says a group of six offenders entered the East Tamaki Road dairy just after 9.30pm on Sunday.

    “The group of offenders had arrived in a sedan, before storming into the store and jumping over the counter.

    “One of the staff working suffered a minor assault, and the group stole a range of cigarettes and vape products.”

    The group then fled in the vehicle they arrived in.

    Detective Senior Sergeant Paea says a frontline unit came across the vehicle parked on Rongomai Road while carrying out patrols.

    “Police deployed one of our dog units who tracked to a nearby address, which was cordoned, and the occupants appealed to come outside.”

    Two males, aged 13 and 14, were arrested and have been charged with aggravated robbery.

    They are both before the Manukau Youth Court.

    “We are following positive lines of enquiry in identifying the outstanding offenders and our enquiries will continue,” Detective Senior Sergeant Paea says.

    “Our investigation teams are continuing to work diligently in holding offenders to account, particularly those offending against businesses.”

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

    April 7, 2025
  • MIL-OSI China: China’s proactive policy helps woo foreign investors

    Source: China State Council Information Office

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

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

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

    One such company is Mercedes-Benz.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    This momentum is not limited to the private sector.

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

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

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

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

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

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

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

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

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

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

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

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

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

    MIL OSI China News –

    April 7, 2025
  • MIL-Evening Report: Do we need a Martyn’s Law for venue security in Australia? The MCG gun scare is a wake-up call

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

    Two men were arrested for allegedly bringing loaded firearms into the Melbourne Cricket Ground (MCG) during Thursday’s AFL match between Collingwood and Carlton.

    The incident didn’t result in harm but it triggered serious questions about venue security processes in Australia.

    The MCG had recently adopted AI-powered security screening systems, designed to detect weapons while streamlining crowd flow.

    The scanners reportedly flagged the men’s belongings but a failure in the follow-up manual check allowed them to enter.

    The event has reignited a national conversation about the right level of security at major venues. How do we balance the need for thorough screening with the goal of maintaining smooth ingress, individual freedom and public comfort?

    The timing is notable. Just days earlier, the UK passed Martyn’s Law, which introduces a legal duty for venues to assess and mitigate terrorism risks.

    The passage of this legislation prompts a broader question for Australia: should international developments like this influence how we think about security preparedness?

    AI security scanners

    The MCG recently contracted Evolv Technology, a US-based company, to supply AI-powered security screening systems for its major events.

    Their system is designed to detect weapons using a combination of sensors, millimetre wave technology and artificial intelligence, rather than relying on traditional metal detection.

    Evolv claims the system allows people to flow into the stadium faster compared to older technologies.

    Unlike traditional metal detectors, which operate on a simple binary system – alerting whenever metal is present – these scanners claim to offer a more granular assessment of objects.

    Instead of flagging all metal indiscriminately, the system is meant to evaluate the shape, size and density of objects to distinguish between benign items (such as keys or belts) and potential threats like firearms or large knives.

    This means patrons can pass through without removing metal items from their clothing or bags, significantly reducing wait times.

    When an item of interest is detected, the system highlights the specific area of the body or bag where it is located. This enables security staff to conduct a targeted search and avoid the need for a full-body inspections using hand-held detectors.

    Investigations and independent tests overseas have, however, identified false positives and missed detections as potential weaknesses in the Evolv system. One report found the system failed to detect certain knives and even some firearms in school settings.

    The risk associated with missed detection is self-explanatory: prohibited items can slip through the screening.

    But a high rate of false positives can also present challenges, particularly at the manual inspection stage, where staff are required to follow up on each alert. Over time, this can increase the likelihood of human error due to fatigue, reduced vigilance, or assumptions that flagged items are benign.

    So while AI scanners may be faster, they still depend heavily on the effectiveness of secondary manual screening and appropriate training of personnel. In the MCG breach, it is reported the scanners flagged items of concern when the two men entered the venue but the threat was missed during the manual follow-up process.

    Security matters

    The MCG breach exposed a gap in security that could, in other circumstances, be exploited with far more serious consequences.

    Public venues such as stadiums, especially during major events, are known to be targets for those planning high-impact attacks.

    Australia’s Strategy for Protecting Crowded Places from Terrorism explicitly lists stadiums and arenas as high-risk environments due to their crowd density, symbolic value and open access points.

    International experience reflects this concern. In the months leading up to the 2024 Paris Olympics, French authorities disrupted several planned attacks targeting Olympic-related venues and gatherings.

    Martyn’s Law: a new model

    As security practices evolve and new technologies are introduced, a parallel question is emerging: what should the legal expectations be for public venue operators when it comes to threat preparedness?

    In the United Kingdom, this question has led to Martyn’s Law – a major piece of legislation just passed by the parliament.

    The law was introduced in response to the 2017 Manchester Arena bombing, when 22 people were killed in a terrorist attack. One of the victims was Martyn Hett, whose mother, Figen Murray, campaigned for stronger, legally binding safety obligations for public venues.

    After six years of advocacy, the legislation was passed a few days ago.

    Martyn’s Law introduces a legal duty for UK venues to assess and mitigate terrorism risks. Depending on the size and type of venue, this includes measures such as conducting risk assessments, training staff and developing clear emergency response plans.

    Australia already has detailed guidance for the protection of crowded places. But unlike Martyn’s Law, that guidance is not a legal mandate.

    The silver lining

    Long security queues can frustrate patrons and dampen crowd mood. It’s no surprise venues are adopting AI-based screening to ease entry.

    But emerging technologies have limits and vulnerabilities may only surface once they’re in use.

    From a safety perspective, the best-case scenario is for these weaknesses to be revealed without harm, which can strengthen systems before a real failure occurs.

    The recent breach serves as just that: a prompt for review without consequence.

    These tools don’t replace trained personnel. Their success depends on clear procedures and defined responsibilities.

    That’s where legislation like the UK’s Martyn’s Law becomes relevant: turning good practice into legal obligation.

    As Australia prepares for global events, this is a chance to consider the governance that supports venue security.

    The presence of a legislative framework could serve as part of our overall security posture. And that, in itself, can help deter or mitigate risk.

    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. Do we need a Martyn’s Law for venue security in Australia? The MCG gun scare is a wake-up call – https://theconversation.com/do-we-need-a-martyns-law-for-venue-security-in-australia-the-mcg-gun-scare-is-a-wake-up-call-253928

    MIL OSI Analysis – EveningReport.nz –

    April 7, 2025
  • MIL-OSI New Zealand: Q2 plan continues relentless focus on growth

    Source: New Zealand Government

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

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

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

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

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

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

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

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

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

    Notes on Q1 2025 Plan

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

    MIL OSI New Zealand News –

    April 7, 2025
  • MIL-OSI United Nations: Aid cuts threaten to roll back progress in ending maternal deaths

    Source: United Nations 4

    6 April 2025 Health

    Unprecedented aid cuts are putting hard-won global progress in ending maternal deaths at risk, three UN agencies warned in a new report that calls for greater investment in midwives and other health workers.

    The Trends in maternal mortality report was published by the UN Children’s Fund (UNICEF), the World Health Organization (WHO) and UN sexual and reproductive health agency UNFPA, in observance of World Health Day on 7 April.

    It shows that maternal deaths declined by 40 per cent between 2000 and 2023, largely due to improved access to essential health services.

    However, the pace of improvement has slowed significantly since 2016, and an estimated 260,000 women died in 2023 due to complications during pregnancy and childbirth, or roughly one death every two minutes.

    Urgent action needed

    As aid funding cuts force countries to roll back vital services for maternal, newborn and child health, the UN agencies call for urgent action to prevent maternal deaths, particularly in humanitarian settings where numbers are already alarmingly high.

    “While this report shows glimmers of hope, the data also highlights how dangerous pregnancy still is in much of the world today – despite the fact that solutions exist to prevent and treat the complications that cause the vast majority of maternal deaths,” said WHO Director-General Tedros Adhanom Ghebreyesus.

    “In addition to ensuring access to quality maternity care, it will be critical to strengthen the underlying health and reproductive rights of women and girls – factors that underpin their prospects of healthy outcomes during pregnancy and beyond.”

    Pregnancy and the pandemic

    The report also provides the first global account of the COVID-19 pandemic’s impact on maternal survival.

    An estimated 40,000 more women died due to pregnancy or childbirth in 2021, rising to 282,000 in 2022, and to 322,000 the following year.

    This increase was linked not only to direct complications caused by COVID-19 but also widespread interruptions to maternity services, highlighting the importance of ensuring that this care is available during pandemics and other emergencies.

    Invest in midwives

    “When a mother dies in pregnancy or childbirth, her baby’s life is also at risk. Too often, both are lost to causes we know how to prevent,” said UNICEF Executive Director Catherine Russell.

    With global funding cuts putting more mums-to-be at risk, especially in the most fragile settings, “the world must urgently invest in midwives, nurses, and community health workers to ensure every mother and baby has a chance to survive and thrive,” she added.

    Inequalities and slow progress

    The report also highlights persistent inequalities between regions and countries, as well as uneven progress.

    With maternal mortality declining by around 40 per cent between 2000 and 2023, sub-Saharan Africa achieved significant gains. It was also among just three UN regions to see significant drops after 2015, with the others being Australia and New Zealand, and Central and Southern Asia.

    Yet, sub-Saharan Africa still accounted for approximately 70 per cent of the global burden of maternal deaths in 2023 due to high rates of poverty and multiple conflicts.

    Meanwhile, five regions saw progress stagnate after 2015: Northern Africa and Western Asia, Eastern and South-Eastern Asia, Oceania (excluding Australia and New Zealand), Europe and North America, and Latin America and the Caribbean.

    A global responsibility

    Dr. Natalia Kanem, UNFPA’s Executive Director, upheld that access to quality maternal health services is a right, not a privilege.

    She stressed the urgent responsibility to build well-resourced health systems that safeguard the lives of pregnant women and newborns.

    “By boosting supply chains, the midwifery workforce, and the disaggregated data needed to pinpoint those most at risk, we can and must end the tragedy of preventable maternal deaths and their enormous toll on families and societies,” she said.

    Childbirth in crisis settings

    The report also highlighted the plight of pregnant women living in humanitarian emergencies, who face some of the highest risks globally.  Nearly two-thirds of global maternal deaths now occur in countries affected by fragility or conflict.

    In these settings, a 15-year-old girl faces a 1 in 51 risk of dying from a maternal cause at some point over her lifetime compared to 1 in 593 in more stable countries. The highest risks are in Chad and the Central African Republic (1 in 24), Nigeria (1 in 25), Somalia (1 in 30), and Afghanistan (1 in 40).

    Beyond ensuring critical services during pregnancy, childbirth and the postnatal period, the report emphasized the importance of efforts to enhance women’s overall health by improving access to family planning services, as well as preventing underlying health conditions that increase risks, such as anaemia, malaria and noncommunicable diseases.

    Furthermore, it is also vital to ensure that girls stay in school, and that they and women have the knowledge and resources to protect their health.

    MIL OSI United Nations News –

    April 7, 2025
  • MIL-OSI USA: Momentum Growing: Large and Small Business Orgs Line Up Behind Bipartisan Cantwell Trade Bill Due to Concerns Costs on Consumer Goods Will Rise, She Announces On Face the Nation

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.06.25

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

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

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, announced on CBS’s Face the Nation that nine major U.S. business organizations have endorsed her new bipartisan legislation that would reassert Congress’ role in overseeing trade and roll back the president’s ability to unilaterally impose tariffs.

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

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

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

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

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

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

    Statements of Support for Trade Review Act:

    Consumer Technology Association

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

    Retail Industry Leaders Association

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

    American Apparel & Footwear Association

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

    USA Pulses Coalition

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

    Main Street Alliance

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

    Washington Council on International Trade

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

    Washington Distillers Guild 

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

    MIL OSI USA News –

    April 7, 2025
  • MIL-OSI: FxMagnetic Launches Parabolic Trader: A Smarter Way to Trade with Prop Firms and Personal Accounts

    Source: GlobeNewswire (MIL-OSI)

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

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

    Strategy Optimization Without Code

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

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

    Advanced Filtering: Time-Based Trading Control

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

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

    Failsafe Guard: SL/TP Recovery Mechanism

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

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

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

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

    Visual Strategy Design with Instant Feedback

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

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

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

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

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

    Disclaimer: This press release is provided by the FxMagnetic. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

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

    The MIL Network –

    April 7, 2025
  • MIL-OSI New Zealand: Investments Sector – Consumer Demand for Ethical Investing Remains Strong Despite International Headwinds

    Source: Mindful Money

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

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

    Key findings from the 2025 survey include:

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

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

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

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

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

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

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

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

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

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

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

    MIL OSI New Zealand News –

    April 7, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) and Related Meetings in Malaysia

    Source: ASEAN

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

    MIL OSI Economics –

    April 6, 2025
  • MIL-OSI Australia: Serious crash at Mantung

    Source: New South Wales – News

    Police and emergency services are at the scene of a serious crash at Mantung in the Riverland.

    Just after 12.30pm on Sunday 6 April, police and emergency services responded to a single vehicle crash on Evans Road.

    Evans Road is closed just north of Farr Road. Motorists are asked to avoid the area.

    Major Crash Investigators will be attending the scene.

    MIL OSI News –

    April 6, 2025
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