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  • MIL-OSI China: ROC (Taiwan) government donates US$800,000 to assist US with reconstruction efforts following Hurricane Helene

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    ROC (Taiwan) government donates US$800,000 to assist US with reconstruction efforts following Hurricane Helene

    • Date：2024-10-12
    • Data Source：Public Diplomacy Coordination Council

    October 12, 2024

    No. 350

    On the evening of September 26, category 4 Hurricane Helene hit Florida and continued on to ravage many other southeastern states in the United States, causing over 230 deaths and US$30 billion in damages thus far. The ROC (Taiwan) government is donating US$800,000 to assist local governments and residents with the recovery efforts, with US$300,000 earmarked for Florida and North Carolina each and US$200,000 for Georgia. It is hoped that these funds will help victims return to normal life as soon as possible. 

    As Taiwan is typically struck by typhoons every year in summer and fall, the people and government of Taiwan empathize with the people of the southeastern US regarding the great loss in life and property caused by Hurricane Helene. To promptly extend a helping hand, Taiwan’s offices in Miami and Atlanta will consult with related US agencies so that the funds will be publicly donated to special accounts dedicated to assisting local residents in reconstructing their homes. (E) 

    MIL OSI China News –

  • MIL-OSI China: Visit by Tuvalu Prime Minister Teo and Madame Teo concludes following National Day celebrations, successfully deepens staunch diplomatic alliance

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Visit by Tuvalu Prime Minister Teo and Madame Teo concludes following National Day celebrations, successfully deepens staunch diplomatic alliance

    • Date：2024-10-13
    • Data Source：Department of East Asian and Pacific Affairs

    October 13, 2024
    No. 352

    A visit to Taiwan by Tuvalu Prime Minister Feleti Penitala Teo and Madame Tausaga Teo concluded as their delegation departed on the evening of October 12. Ministry of Foreign Affairs (MOFA) Department of East Asian and Pacific Affairs Director General Peter Sha-li Lan was present at the airport to bid farewell to the delegation on behalf of the government of Taiwan.

    In addition to meeting with President Lai Ching-te and attending a banquet hosted by Minister of Foreign Affairs Lin Chia-lung, Prime Minister Teo was a guest of honor at Taiwan’s National Day celebrations and associated functions.

    In his meeting with President Lai, Prime Minister Teo emphasized that Tuvalu cherished its 45-year alliance with Taiwan. He said that Tuvalu would continue to staunchly support Taiwan in expanding its international participation and speak up for Taiwan in the international arena, demonstrating the Tuvaluan government’s true friendship with Taiwan.

    Given the close cooperation on fisheries between Taiwan and Tuvalu and Prime Minister Teo’s many years of service in posts at international fisheries organizations, MOFA also organized a special itinerary that took Prime Minister Teo and his delegation south to Kaohsiung, Taiwan’s deep-sea fishing center. Prime Minister Teo met with Kaohsiung Mayor Chen Chi-mai to discuss a sister-city agreement between Kaohsiung and Funafuti, Tuvalu’s capital city, and attended a reception to interact with representatives from Taiwan’s deep-sea fisheries sector. The event successfully advanced connections between high-level Tuvaluan officials and Taiwan’s fisheries industry, laying a solid foundation for the deepening of bilateral fisheries cooperation going forward.

    As Tainan continues to celebrate its 400th anniversary of establishment throughout 2024, MOFA also arranged for Prime Minister Teo to visit the city once again. Deputy Mayor Yeh Tse-shan was present to welcome Prime Minister Teo and his delegation. During their stay in Tainan, the group paid a visit to Anping Old Fort, where Taiwan’s rich history and culture and the warm hospitality of the people of Tainan left a deep impression on the visitors.

    Tuvalu is a key ally of Taiwan in the Pacific. This visit—Prime Minister Teo’s second trip to Taiwan since taking office in February—proved to be greatly significant in terms of strengthening bilateral ties. Based on their solid existing foundation of cooperation in such areas as information and communication security, climate change adaptation, medicine and healthcare, women’s empowerment, and offshore fisheries, the two countries will continue to work together to advance the well-being of their peoples and jointly promote prosperity and development in the Indo-Pacific region. (E)

    MIL OSI China News –

  • MIL-OSI China: Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    • Date：2024-10-17
    • Data Source：Department of North American Affairs

    October 17, 2024 

    No. 355

    At the invitation of the Global Taiwan Institute (GTI), a think tank based in Washington, DC, Minister of Foreign Affairs Lin Chia-lung delivered a keynote address via a prerecorded video at its annual symposium held on October 16. He discussed the grave challenges authoritarian coalitions and expansionism pose to the international order and commended the United States for creating a strong and mutually reinforcing latticework of alliances. He said that Taiwan, as an indispensable member of the international community, hoped to promote integrated diplomacy and work with the United States to respond to a variety of challenges. 

     

    Minister Lin explained how China was ramping up military intimidation against Taiwan, in addition to legal, public opinion, and cognitive warfare. He indicated that China was deliberately using gray-zone tactics in an attempt to create a new normal across the Taiwan Strait, which seriously jeopardized peace and stability across the Taiwan Strait and the region. Minister Lin thanked the United States for its staunch commitment to supporting Taiwan’s security, as reflected in such assistance as foreign military financing and presidential drawdown authority in recent years. He affirmed that Taiwan had also been steadily increasing its defense budget as well as whole-of-society defense resilience and defense capabilities. 

     

    Minister Lin stated that the core of integrated diplomacy was the promotion of economic and trade partnerships based on mutual prosperity. He anticipated that through the Economic Prosperity Partnership Dialogue and other platforms Taiwan and the United States would continue to increase supply chain resilience and cooperation in critical areas. He noted that in line with the one plus one equals three concept, Taiwan and the United States could jointly facilitate development in third countries. He added that under the Global Cooperation and Training Framework cooperation with other nations could be expanded to respond to global issues and challenges, paving the way for Taiwan’s policy shift from consolidating diplomatic ties to bolstering the prosperity of diplomatic allies. Emphasizing that Taiwan needed the world and the world needed Taiwan, Minister Lin said that Taiwan would continue to work closely with the United States, allies, and partners to implement integrated diplomacy and expand Taiwan’s international presence. 

     

    GTI was the first think tank in Washington, DC, to focus on Taiwan-related research. The theme of this year’s symposium was “US-Taiwan Relations: An Ironclad Partnership in a Period of Global Disruption.” It explored Taiwan-US defense and security cooperation, the US elections, China’s gray-zone threats, and geopolitical security issues. (E)

    MIL OSI China News –

  • MIL-OSI China: Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    • Date：2024-10-17
    • Data Source：Department of East Asian and Pacific Affairs

    October 17, 2024 

    No. 356 

    A reception marking the inauguration of the Taipei Economic and Cultural Center (TECC) in Mumbai and celebrating the National Day was held on the evening of October 16. The event was cohosted by Ambassador Baushuan Ger, Representative of the TECC in India, and Director General Chang Chun-yu of the TECC in Mumbai. More than 100 guests attended and expressed congratulations, including former Indian parliamentarian Sujeet Kumar, representatives of various sectors, and members of the local consular corps.

     

    Minister of Foreign Affairs Lin Chia-lung delivered a prerecorded address, noting that bilateral relations had seen remarkable growth since Taiwan and India established representative offices in each other’s countries in 1995. He pointed out that the inauguration of the TECC in Mumbai reflected the successful alignment of Taiwan’s New Southbound Policy and India’s Act East Policy. He also expressed the hope that the two countries would further deepen cooperation in such areas as the economy, trade, investment, technology, culture, and education.

     

    The TECC in Mumbai is the third Taiwan overseas mission to be established in India. It will serve as a bridge between Taiwan and western India and provide visa, document certification, emergency assistance, and other services to business and leisure travelers for the states of Maharashtra, Gujarat, Madhya Pradesh, and Goa, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu. It will coordinate closely with the TECC in India and the TECC in Chennai to foster mutually beneficial bilateral relations and shared prosperity with India. (E) 

     

    TECC in Mumbai contact information: 

    Address: 401, Platina Building, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, 400051, India

    Telephone: +91-22-48943005 / +91-22-48943006

    Emergency hotline: +91-8850842243

    Email: bom@mofa.gov.tw

    MIL OSI China News –

  • MIL-OSI China: MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    October 14, 2024  

    Following China’s announcement on October 14 of the launch of the Joint Sword-2024B military drills, the spokesperson of the European External Action Service (EEAS) issued a statement later that day pointing out that China’s military activities around Taiwan had further increased cross-strait tensions. The statement reiterated that peace and stability in the Taiwan Strait were of strategic importance to regional and global security and prosperity. It also reaffirmed the European Union’s direct interest in the preservation of the status quo in the Taiwan Strait and opposition to any unilateral attempts to change the status quo by force or coercion. In addition, the European Union called on all parties to exercise restraint and avoid any actions that might further escalate cross-strait tensions and to resolve disputes through dialogue.

     

    The Ministry of Foreign Affairs strongly appreciates that the European Union has continued to pay close attention to Taiwan Strait developments and that it issued a statement reaffirming staunch support for cross-strait peace and stability immediately after China announced the launch of military drills. As a force for good in the world, Taiwan will continue to bolster cooperation and exchanges with European countries and other like-minded partners so as to jointly safeguard the values of freedom and democracy and uphold the rules-based international order, demonstrating to the world Taiwan’s determination to defend democracy. 

    MIL OSI China News –

  • MIL-OSI China: MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    October 14, 2024  

    Commenting on China’s joint military drills around Taiwan during an interview with the press on October 14, Japanese Prime Minister Shigeru Ishiba pointed out that peace and security in and around the Taiwan Strait were an extremely important issue to the region. He stated that Japan would carefully monitor the situation and prepare to respond to any development.

     

    The Ministry of Foreign Affairs (MOFA) affirms and appreciates Prime Minister Ishiba’s public expression of great concern and support for peace and stability across the Taiwan Strait immediately after China launched military drills around Taiwan.

     

    Also on October 14, Japanese Minister for Foreign Affairs Takeshi Iwaya and Minister of Defense Gen Nakatani stressed the importance of cross-strait peace to regional security and stability and stated that they would closely monitor the situation and remain vigilant concerning related developments.

     

    Maintaining cross-strait peace and stability is a matter of international consensus. China’s repeated use of pretexts to suppress and intimidate Taiwan has undermined peace and stability across the Taiwan Strait and in the Indo-Pacific. MOFA again urges China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. For its part, Taiwan will continue to enhance its self-defense capabilities and work with the United States, Japan, and other like-minded partners to safeguard the rules-based international order.

    MIL OSI China News –

  • MIL-OSI China: MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    October 14, 2024   

    The US State Department issued a press statement on October 13 stating that the United States was seriously concerned by the People’s Liberation Army (PLA) joint military drills in the Taiwan Strait and around Taiwan, and that the People’s Republic of China (PRC) responding with military provocations to a routine annual speech was unwarranted and risked escalation. In the statement, the United States called on the PRC to act with restraint and to avoid any further actions that may undermine peace and stability across the Taiwan Strait and the region. The statement added that the United States would continue to monitor China’s activities and coordinate with allies and partners regarding their shared concerns.

     

    US Secretary of State Antony Blinken last week publicly emphasized that Taiwan’s National Day address was a routine activity and that China should not use the event as a pretext for engaging in any provocative actions. The Ministry of Foreign Affairs (MOFA) conveys its sincere appreciation to the United States for expressing its serious concerns and reaffirming its security commitments to Taiwan, and for once again focusing attention on the PLA as it uses a routine speech to justify launching military acts of harassment against Taiwan.

     

    MOFA emphasizes that China’s use of President Lai Ching-te’s National Day address as a pretext for applying military pressure on Taiwan and issuing a slew of threatening remarks is a grave violation of the fundamental spirit of the United Nations Charter. Such actions will not only fail to gain the endorsement of the international community, but rather prompt countries to express heightened concern over China’s provocative behavior that disrupts the status quo. MOFA calls on like-minded allies and partners to jointly press China to exercise self-restraint and to cease its intimidation of Taiwan and all activities that undermine peace and stability across the Taiwan Strait and throughout the region.

    MIL OSI China News –

  • MIL-OSI China: MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    October 15, 2024  

    The UK Foreign, Commonwealth and Development Office issued a press statement on October 14 expressing concern over China’s military exercises around Taiwan and adding that these exercises increased tensions and risked dangerous escalation in the Taiwan Strait. In the statement, the United Kingdom reaffirmed its interest in peace and stability in the Taiwan Strait, which it said was of critical importance to global prosperity. The statement reiterated that the Taiwan issue should be settled by people on both sides of the Taiwan Strait through dialogue, without the threat or use of force or coercion. It further said that the United Kingdom did not support any unilateral attempts to change the status quo and called for restraint and the avoidance of any actions that might undermine peace and stability.

     

    The Ministry of Foreign Affairs sincerely appreciates that the UK government has continued to pay close attention to developments across the Taiwan Strait and clearly spelled out the importance of cross-strait peace and stability to global affairs. As a responsible member of the international community, Taiwan will continue to work with like-minded partners to jointly safeguard the rules-based international order. It also hopes that democracies around the world will stand together in urging China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. 

    MIL OSI China News –

  • MIL-OSI China: MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    October 16, 2024

    In response to a question from the media on October 16, a spokesperson for the Australian Department of Foreign Affairs and Trade said that Australia was deeply concerned that China had commenced large-scale military exercises around Taiwan and that Australia urged China to refrain from actions that increased the risk of accident and potential escalation. The spokesperson added that differences should be resolved through dialogue, not the threat of force or coercion, and that peace and stability across the Taiwan Strait were in the interests of all parties. 

    The Ministry of Foreign Affairs (MOFA) sincerely thanks the government of Australia for paying close attention to the Taiwan Strait situation, calling on China to show restraint, and underscoring the importance of cross-strait peace and stability. Taiwan will continue to work with Australia and other like-minded partners to uphold the rules-based international order and advance regional peace, stability, and prosperity.

    MIL OSI China News –

  • MIL-OSI USA: Connolly Leads Bipartisan Letter Urging the Administration to Take Action on Double Taxation with Taiwan

    Source: United States House of Representatives – Representative Gerry Connolly (D-Va)

    Congressman Gerry Connolly (D-VA), a senior member of the House Committee on Foreign Affairs, co-Chair of the Congressional Taiwan Caucus, and the author of the Taiwan Tax Agreement Act of 2023, led four of his colleagues in writing to Secretary of State Antony Blinken and Secretary of the Treasury Janet Yellen to urge the Administration to take action on the issue of double taxation with Taiwan.

    In addition to Connolly, the letter was signed by Congressman Greg Meeks (D-NY), the Ranking Member of the House Committee on Foreign Affairs; Congressman Joe Wilson (R-SC), the Chairman of the House Subcommittee on the Middle East, North Africa, and Central Asia; Congressman Ami Bera (D-CA), the Ranking Member of the House Subcommittee on the Indo-Pacific and a co-Chair of the Congressional Taiwan Caucus; and Congressman Greg Stanton (D-AZ), a member of the House Committee on Foreign Affairs.

    “As supporters of strong commercial ties between the U.S. and Taiwan, we write to urge you to take action to remedy double taxation burdens as we await the Senate passage of Taiwan-related provisions in the Tax Relief for American Families and Workers Act of 2024,” wrote the Members.

    “While we continue to believe legislative action in the Senate, namely the authorization included in the Tax Relief for American Families and Workers Act of 2024, is needed to conclude a double taxation agreement, we welcome the Administration’s desire to begin negotiations between the American Institute in Taiwan and the Taiwan Economic and Cultural Representative Office on said agreement,” the Members continued. “We urge that such negotiations begin in earnest and that the Departments of State and Treasury use existing statutory authority to lower these barriers to trade in order to facilitate investment, protect against tax evasion, and shield businesses and individuals in the U.S. and Taiwan from the strain that double taxation causes.”

    “Taiwan has grown to be an economic juggernaut in the Indo-Pacific and around the world. We must ensure that companies from the U.S. and Taiwan are not disadvantaged in conducting bilateral investment. Curing double taxation will be a clear reassertion of our support for a strong and prosperous Taiwan, for its own sake and as a bulwark against an increasingly aggressive China,” the Members concluded.

    Full text of the letter is available here and below.

    Dear Secretary Blinken and Secretary Yellen:

    As supporters of strong commercial ties between the U.S. and Taiwan, we write to urge you to take action to remedy double taxation burdens as we await the Senate passage of Taiwan-related provisions in the Tax Relief for American Families and Workers Act of 2024.

    While we continue to believe legislative action in the Senate, namely the authorization included in the Tax Relief for American Families and Workers Act of 2024, is needed to conclude a double taxation agreement, we welcome the Administration’s desire to begin negotiations between the American Institute in Taiwan and the Taiwan Economic and Cultural Representative Office on said agreement. We urge that such negotiations begin in earnest and that the Departments of State and Treasury use existing statutory authority to lower these barriers to trade in order to facilitate investment, protect against tax evasion, and shield businesses and individuals in the U.S. and Taiwan from the strain that double taxation causes.

    As one of the world’s largest economies and a major regional player, Taiwan is a critical economic partner for the United States. Taiwan is the United States’ seventh-largest merchandise trading partner, with $128 billion in total goods trade. The U.S., meanwhile, is Taiwan’s second-largest trading partner. In 2023 alone, U.S. direct investment stock in Taiwan grew to $19.3 billion, with Taiwan’s direct investment stock in the United States reaching $15.6 billion, a testament to our ever-growing bilateral economic partnership.

    We must do all we can to strengthen that partnership – including by implementing a tax agreement that removes unnecessary barriers and benefits businesses in both the U.S. and Taiwan. As we await Senate action on Taiwan-related provisions in the bipartisan Tax Relief for American Families and Workers Act, including an authorization for the American Institute in Taiwan and Taiwan Economic and Cultural Representative Office to negotiate a tax agreement, we urge you to take interim steps to allow businesses on either side to invest without the burden of double taxation.

    Taiwan has grown to be an economic juggernaut in the Indo-Pacific and around the world. We must ensure that companies from the U.S. and Taiwan are not disadvantaged in conducting bilateral investment. Curing double taxation will be a clear reassertion of our support for a strong and prosperous Taiwan, for its own sake and as a bulwark against an increasingly aggressive China.

    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Pappas Demands Action on Broken Surveillance Cameras at Southern Border

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    Following NBC News report that 30% of the cameras in Border Patrol’s main surveillance system are broken, Pappas demanded action from DHS to urgently address this issue to ensure border security

    Following NBC News’s reporting that 30% of the cameras in Border Patrol’s main surveillance system are broken, Congressman Chris Pappas (NH-01) demanded that U.S. Department of Homeland Security (DHS) Secretary Alejandro Mayorkas immediately address this security lapse to restore real-time border monitoring and ensure border security. 

    A recently circulated Customs and Border Protection’s (CBP) internal memo indicated that nearly one-third, approximately 150 out of 500, of its Remote Video Surveillance Systems cameras are not functioning.

    In the letter, Pappas expressed significant concerns about the delay in addressing CBP’s broken cameras, writing, “If left unresolved, this issue could undermine CBP’s ability to safeguard our borders, impede efforts to interdict fentanyl and other illicit substances, and endanger the safety and security of communities along our borders.”

    He continued, “It is unacceptable that such a significant portion of CBP’s surveillance infrastructure is offline, and worse, that the agency is unaware of how long this situation has persisted. These gaps in surveillance create blind spots that could be exploited by terrorists, drug and human traffickers, and other threats to national security.”

    Noting Republican leadership’s refusal to allow a vote on the Senate’s bipartisan border security bill that would support CBP personnel, Pappas wrote, “Despite the urgency of the situation at the border, Republican leadership has refused to allow a vote on the Senate’s bipartisan border security bill to address the issues along the southern border, which would provide much needed resources to our border patrol personnel and support their work to restore order and address security.”

    Concluding, he demanded action from DHS, “I request a briefing within the next two weeks to discuss CBP’s internal memo, its procedures for monitoring and addressing security gaps, how these lapses are assessed for national security risks, and the agency’s plans and timeline for restoring full camera functionality.”

    Read the full letter here. 

    Background:

    Pappas has been an ardent supporter of bipartisan efforts to address America’s northern and southern border and has called on House Republican leadership to stop blocking the consideration of legislation to restore order and fix the U.S.’s immigration system that has been broken for decades. 

    Pappas is a cosponsor of the Dignity Act, which is comprehensive, bipartisan legislation to address security and infrastructure challenges at the border, hire additional border patrol personnel, establish new pathways for asylum seekers, and create a path to citizenship.

    In March, Pappas helped launch a new border security task force to focus on the need for comprehensive, bipartisan solutions to address the border and fix the broken immigration system. Later that month, Pappas helped to pass the fiscal year 2024 government funding package, which included a $3.2 billion increase in funding for Customs and Border Patrol (CPB), providing for a record 22,000 agents, including 150 counter-fentanyl officers, and needed investments in fentanyl detection equipment.

    In September 2023, Pappas called on House leadership to advance a supplemental appropriations package that expands fentanyl interdiction capacity and improves border security across the country, including along our northern border.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Plastic-free culture established: CE

    Source: Hong Kong Information Services

    (To watch the full media session with sign language interpretation, click here.)

    Chief Executive John Lee said today that the six-month adaptation period for the regulation of disposable plastic tableware and other plastic products has gone smoothly and that a plastic-free culture in the city has been built.

    Prior to attending an Executive Council meeting this morning, Mr Lee elaborated on arrangements concerning the regulation, stating that the sale of various items of disposable plastic tableware will be prohibited in the next phase.

    He said: “This plastic-free culture we want to build – we have already finished the first phase, which was the six-month adaptation period for the first phase of plastic products to be first of all no longer provided, and also not to be offered for sale. I think this six-month adaptation period has gone on smoothly. Generally, I think the culture has been built.”

    The Chief Executive highlighted that the Government will try to help businesses go through the transition. He stressed that before any enforcement action are taken against firms, the Environmental Protection Department will give them 10 days to correct any infringements in their operations.

    “If no correction is taken after 10 days, then enforcement action will be taken,” he added.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to EEAS spokesperson’s statement on China’s launch of Joint Sword-2024B military drills around Taiwan

    October 14, 2024  

    Following China’s announcement on October 14 of the launch of the Joint Sword-2024B military drills, the spokesperson of the European External Action Service (EEAS) issued a statement later that day pointing out that China’s military activities around Taiwan had further increased cross-strait tensions. The statement reiterated that peace and stability in the Taiwan Strait were of strategic importance to regional and global security and prosperity. It also reaffirmed the European Union’s direct interest in the preservation of the status quo in the Taiwan Strait and opposition to any unilateral attempts to change the status quo by force or coercion. In addition, the European Union called on all parties to exercise restraint and avoid any actions that might further escalate cross-strait tensions and to resolve disputes through dialogue.
     
    The Ministry of Foreign Affairs strongly appreciates that the European Union has continued to pay close attention to Taiwan Strait developments and that it issued a statement reaffirming staunch support for cross-strait peace and stability immediately after China announced the launch of military drills. As a force for good in the world, Taiwan will continue to bolster cooperation and exchanges with European countries and other like-minded partners so as to jointly safeguard the values of freedom and democracy and uphold the rules-based international order, demonstrating to the world Taiwan’s determination to defend democracy. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to Japanese Prime Minister Ishiba expressing great concern over China’s joint military drills around Taiwan

    October 14, 2024  

    Commenting on China’s joint military drills around Taiwan during an interview with the press on October 14, Japanese Prime Minister Shigeru Ishiba pointed out that peace and security in and around the Taiwan Strait were an extremely important issue to the region. He stated that Japan would carefully monitor the situation and prepare to respond to any development.
     
    The Ministry of Foreign Affairs (MOFA) affirms and appreciates Prime Minister Ishiba’s public expression of great concern and support for peace and stability across the Taiwan Strait immediately after China launched military drills around Taiwan.
     
    Also on October 14, Japanese Minister for Foreign Affairs Takeshi Iwaya and Minister of Defense Gen Nakatani stressed the importance of cross-strait peace to regional security and stability and stated that they would closely monitor the situation and remain vigilant concerning related developments.
     
    Maintaining cross-strait peace and stability is a matter of international consensus. China’s repeated use of pretexts to suppress and intimidate Taiwan has undermined peace and stability across the Taiwan Strait and in the Indo-Pacific. MOFA again urges China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. For its part, Taiwan will continue to enhance its self-defense capabilities and work with the United States, Japan, and other like-minded partners to safeguard the rules-based international order.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to US State Department expressing serious concern over China’s military drills around Taiwan

    October 14, 2024   

    The US State Department issued a press statement on October 13 stating that the United States was seriously concerned by the People’s Liberation Army (PLA) joint military drills in the Taiwan Strait and around Taiwan, and that the People’s Republic of China (PRC) responding with military provocations to a routine annual speech was unwarranted and risked escalation. In the statement, the United States called on the PRC to act with restraint and to avoid any further actions that may undermine peace and stability across the Taiwan Strait and the region. The statement added that the United States would continue to monitor China’s activities and coordinate with allies and partners regarding their shared concerns.
     
    US Secretary of State Antony Blinken last week publicly emphasized that Taiwan’s National Day address was a routine activity and that China should not use the event as a pretext for engaging in any provocative actions. The Ministry of Foreign Affairs (MOFA) conveys its sincere appreciation to the United States for expressing its serious concerns and reaffirming its security commitments to Taiwan, and for once again focusing attention on the PLA as it uses a routine speech to justify launching military acts of harassment against Taiwan.
     
    MOFA emphasizes that China’s use of President Lai Ching-te’s National Day address as a pretext for applying military pressure on Taiwan and issuing a slew of threatening remarks is a grave violation of the fundamental spirit of the United Nations Charter. Such actions will not only fail to gain the endorsement of the international community, but rather prompt countries to express heightened concern over China’s provocative behavior that disrupts the status quo. MOFA calls on like-minded allies and partners to jointly press China to exercise self-restraint and to cease its intimidation of Taiwan and all activities that undermine peace and stability across the Taiwan Strait and throughout the region.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to UK Foreign, Commonwealth and Development Office expressing serious concern over China’s joint military drills around Taiwan

    October 15, 2024  

    The UK Foreign, Commonwealth and Development Office issued a press statement on October 14 expressing concern over China’s military exercises around Taiwan and adding that these exercises increased tensions and risked dangerous escalation in the Taiwan Strait. In the statement, the United Kingdom reaffirmed its interest in peace and stability in the Taiwan Strait, which it said was of critical importance to global prosperity. The statement reiterated that the Taiwan issue should be settled by people on both sides of the Taiwan Strait through dialogue, without the threat or use of force or coercion. It further said that the United Kingdom did not support any unilateral attempts to change the status quo and called for restraint and the avoidance of any actions that might undermine peace and stability.
     
    The Ministry of Foreign Affairs sincerely appreciates that the UK government has continued to pay close attention to developments across the Taiwan Strait and clearly spelled out the importance of cross-strait peace and stability to global affairs. As a responsible member of the international community, Taiwan will continue to work with like-minded partners to jointly safeguard the rules-based international order. It also hopes that democracies around the world will stand together in urging China to exercise reason and restraint and to stop threatening Taiwan and unilaterally escalating regional tensions. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    Source: Republic of China Taiwan 3

    MOFA response to Australian Department of Foreign Affairs and Trade expressing grave concern over China’s joint military drills around Taiwan

    October 16, 2024In response to a question from the media on October 16, a spokesperson for the Australian Department of Foreign Affairs and Trade said that Australia was deeply concerned that China had commenced large-scale military exercises around Taiwan and that Australia urged China to refrain from actions that increased the risk of accident and potential escalation. The spokesperson added that differences should be resolved through dialogue, not the threat of force or coercion, and that peace and stability across the Taiwan Strait were in the interests of all parties. The Ministry of Foreign Affairs (MOFA) sincerely thanks the government of Australia for paying close attention to the Taiwan Strait situation, calling on China to show restraint, and underscoring the importance of cross-strait peace and stability. Taiwan will continue to work with Australia and other like-minded partners to uphold the rules-based international order and advance regional peace, stability, and prosperity.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Source: Republic of China Taiwan 3

    Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Date：2024-10-17
    Data Source：Department of North American Affairs

    October 17, 2024 
    No. 355

    At the invitation of the Global Taiwan Institute (GTI), a think tank based in Washington, DC, Minister of Foreign Affairs Lin Chia-lung delivered a keynote address via a prerecorded video at its annual symposium held on October 16. He discussed the grave challenges authoritarian coalitions and expansionism pose to the international order and commended the United States for creating a strong and mutually reinforcing latticework of alliances. He said that Taiwan, as an indispensable member of the international community, hoped to promote integrated diplomacy and work with the United States to respond to a variety of challenges. 
     
    Minister Lin explained how China was ramping up military intimidation against Taiwan, in addition to legal, public opinion, and cognitive warfare. He indicated that China was deliberately using gray-zone tactics in an attempt to create a new normal across the Taiwan Strait, which seriously jeopardized peace and stability across the Taiwan Strait and the region. Minister Lin thanked the United States for its staunch commitment to supporting Taiwan’s security, as reflected in such assistance as foreign military financing and presidential drawdown authority in recent years. He affirmed that Taiwan had also been steadily increasing its defense budget as well as whole-of-society defense resilience and defense capabilities. 
     
    Minister Lin stated that the core of integrated diplomacy was the promotion of economic and trade partnerships based on mutual prosperity. He anticipated that through the Economic Prosperity Partnership Dialogue and other platforms Taiwan and the United States would continue to increase supply chain resilience and cooperation in critical areas. He noted that in line with the one plus one equals three concept, Taiwan and the United States could jointly facilitate development in third countries. He added that under the Global Cooperation and Training Framework cooperation with other nations could be expanded to respond to global issues and challenges, paving the way for Taiwan’s policy shift from consolidating diplomatic ties to bolstering the prosperity of diplomatic allies. Emphasizing that Taiwan needed the world and the world needed Taiwan, Minister Lin said that Taiwan would continue to work closely with the United States, allies, and partners to implement integrated diplomacy and expand Taiwan’s international presence. 
     
    GTI was the first think tank in Washington, DC, to focus on Taiwan-related research. The theme of this year’s symposium was “US-Taiwan Relations: An Ironclad Partnership in a Period of Global Disruption.” It explored Taiwan-US defense and security cooperation, the US elections, China’s gray-zone threats, and geopolitical security issues. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Source: Republic of China Taiwan 3

    Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Date：2024-10-17
    Data Source：Department of East Asian and Pacific Affairs

    October 17, 2024 
    No. 356 

    A reception marking the inauguration of the Taipei Economic and Cultural Center (TECC) in Mumbai and celebrating the National Day was held on the evening of October 16. The event was cohosted by Ambassador Baushuan Ger, Representative of the TECC in India, and Director General Chang Chun-yu of the TECC in Mumbai. More than 100 guests attended and expressed congratulations, including former Indian parliamentarian Sujeet Kumar, representatives of various sectors, and members of the local consular corps.
     
    Minister of Foreign Affairs Lin Chia-lung delivered a prerecorded address, noting that bilateral relations had seen remarkable growth since Taiwan and India established representative offices in each other’s countries in 1995. He pointed out that the inauguration of the TECC in Mumbai reflected the successful alignment of Taiwan’s New Southbound Policy and India’s Act East Policy. He also expressed the hope that the two countries would further deepen cooperation in such areas as the economy, trade, investment, technology, culture, and education.
     
    The TECC in Mumbai is the third Taiwan overseas mission to be established in India. It will serve as a bridge between Taiwan and western India and provide visa, document certification, emergency assistance, and other services to business and leisure travelers for the states of Maharashtra, Gujarat, Madhya Pradesh, and Goa, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu. It will coordinate closely with the TECC in India and the TECC in Chennai to foster mutually beneficial bilateral relations and shared prosperity with India. (E) 
     
    TECC in Mumbai contact information: 
    Address: 401, Platina Building, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, 400051, India
    Telephone: +91-22-48943005 / +91-22-48943006
    Emergency hotline: +91-8850842243
    Email: bom@mofa.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST’s speech at MaGESpire Game On! 2024 (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at MaGESpire Game On! 2024 today (October 22):

    Distinguished guests, ladies and gentlemen,

         I am honoured to join you today at MaGESpire Game On! 2024. This event unites innovators, technology enthusiasts, and industry leaders to explore the evolving landscape of technology and its role in shaping our modern economy. Together, we will examine the synergies between the financial services, technology, and virtual asset sectors as we forge our future. As many of you, the pioneers of Web3, know, Hong Kong is rapidly establishing itself as a global hub for virtual assets. We can encapsulate this progress with our “web” of three focuses: a warehouse of talent and investment, the evolution of money and technology, and a breakthrough to establish a new fintech innovation ecosystem.

    Warehouse of talent and investment

         In recent years, the Web3 industry has emerged as a transformative force in the global economy, reshaping the financial services landscape and creating new opportunities. I am proud to say that Hong Kong has become a magnet for talent and investment, with over 220 Web3 companies from more than 20 countries setting up operations in our vibrant city. These include key players in virtual asset exchanges, blockchain infrastructure, network security, and payment sectors. This influx of innovation underscores the supportive environment we are cultivating.

         With the rise of virtual assets, the intersection of innovative technology and financial services presents unique opportunities for economic growth. In October 2022, we issued a Policy Statement on the Development of Virtual Assets in Hong Kong, outlining our vision and policy direction. We recognise that innovation must thrive within a robust regulatory framework that ensures the security and stability of our financial ecosystem. In 2023, we introduced a licensing regime for virtual asset service providers, granting them the credibility needed to access a broader base of investors in Hong Kong. Currently, we have three licensed providers and 11 applicants in the pipeline, reinforcing our commitment to a well-regulated market.

         Looking ahead, we plan to amend regulations further, including bringing over-the-counter trading of virtual assets and virtual asset custodian service providers under our regulatory purview. We are also establishing a regulatory regime for stablecoin issuers, and the Hong Kong Monetary Authority (HKMA) has launched a sandbox for institutions to test their operational plans. These initiatives ensure that our regulatory framework remains comprehensive and responsive to the fast-changing landscape of the virtual assets sector.

         A landmark achievement for Hong Kong was the launch of the first spot Bitcoin and Ether exchange-traded funds (ETFs) in Asia this past April, positioning us to capture the benefits of these underlying technologies. The listing of virtual asset spot ETFs represents a significant milestone in Hong Kong’s ETF market development, driving innovation and economic growth for all.

    Evolution of money and technology

         The Government acknowledges the critical importance of advancements in digital money. A recent market study revealed that around 90 per cent of the world’s central banks and 134 countries are currently exploring central bank digital currencies (CBDCs). A particularly exciting development in our fintech landscape is the progression of CBDCs. In March of this year, the HKMA announced Project Ensemble, an initiative focusing on a wholesale central bank digital currency (wCBDC) to support the tokenisation market in Hong Kong. We remain committed to developing innovative financial market infrastructures that enable interbank settlements of tokenised money through wCBDC.

         In recent months, we have made substantial strides in cultivating a vibrant ecosystem for fintech innovation. Our multi-pronged approach includes expanding the cross-boundary e-CNY pilot programme to provide safe and convenient retail payment solutions for residents in both regions, as well as commencing Phase 2 of the e-HKD Pilot Programme to explore innovative use cases for new forms of digital currency, including e-HKD and tokenised deposits. These initiatives reflect our dedication to enhancing financial connectivity and driving technological advancement in Hong Kong.

    Breakthrough to establish a new fintech innovation ecosystem

         Across various industries, we are witnessing a significant uptick in the adoption of artificial intelligence (AI) in business operations. Companies are increasingly leveraging AI across multiple facets of their operations. A market report indicates that many regions are making significant progress in adopting Generative Artificial Intelligence (GenAI).

         The development of AI has become a major global trend. As an international financial centre with a robust capital market, Hong Kong attracts the world’s top financial institutions and talent, providing professional financial services that capitalise on this exciting opportunity. According to the latest Global Financial Centres Index, Hong Kong ranks ninth in fintech offerings, placing us among the top 10 fintech hubs globally. This year, we launched the GenAI Sandbox in August, empowering banks to pilot innovative GenAI use cases within a risk-managed framework, supported by essential technical assistance and targeted supervisory feedback. As announced last week in the 2024 Policy Address, we will issue a policy statement outlining our policy stance to the application of AI in financial markets, as well as promoting real-world asset tokenisation and developing a digital money ecosystem.

         In closing, I want to emphasise that the future of the fintech sector is bright, presenting tremendous opportunities. For example, the tokenised asset market is projected to reach US$30 trillion by 2034. As we gather here today, I urge all of you – our Web3 investors – to collaborate and share ideas. You are the architects of a future filled with limitless possibilities. Together, we can explore the potential of the Web3 market and develop innovative business models.

         As we embark on this exciting journey, our collaborative efforts will undoubtedly create a thriving virtual asset ecosystem and contribute to Hong Kong’s financial innovation. I look forward to witnessing the remarkable ideas and projects that will emerge from this event. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Share buybacks in Spar Nord Bank – transactions in week 42

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 63
     

    In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024.

    The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”).

    In last week the following transactions were made under the share buyback programme.

      Number of shares Average purchase price (DKK) Transaction value (DKK)
    Accumulated from last announcement 2,650,197    332,897,389
    14 October 2024 17,000 133.48 2,269,160
    15 October 2024 17,000 135.01 2,295,170
    16 October 2024 15,000 136.07 2.041,050
    17 October 2024 14,000 138.43 1,938,020
    18 October 2024 14,000 139.02 1,946,280
    Total week 42 77,000   10,489,680
    Total accumulated 2,727,197   343,387,069

    Following the above transactions. Spar Nord holds a total of 2,822,917 treasury shares equal to 2.40 % of the Bank’s share capital.

    Please direct any questions regarding this release to Rune Brandt Børglum, Head of Investor Relations on tel. + 45 96 34 42 36.

    Rune Brandt Børglum
    Head of Investor Relation

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: Expansion of Residential Care Services Scheme in Guangdong announced

    Source: Hong Kong Government special administrative region

    Expansion of Residential Care Services Scheme in Guangdong announced
    Expansion of Residential Care Services Scheme in Guangdong announced
    ********************************************************************

         The Social Welfare Department (SWD) announced today (October 22) that seven additional residential care homes for the elderly (RCHEs) (among which five are operated by Mainland organisations and two are operated under a partnership formed by Hong Kong organisations and Mainland elderly service operators), located in Guangzhou, Foshan and Zhongshan respectively, will become Recognised Service Providers under the Residential Care Services Scheme in Guangdong starting from November 1 to provide subsidised care and attention places for elderly persons joining the Scheme.           The information of the additional RCHEs is as follows: 

     
    Name of RCHEs
    Location of RCHEs

    Guangzhou

    1.  
    Home For The Aged Nansha (Yinian Medical Senior Citizen) 
    North Side of Qilin Middle School, Huangge Town, Nansha District, Guangzhou 

    2.
    Yishou Enjoylife Elderly Care Guangdong Guangzhou Luhujiazhanghui Nursing Home Branch 
    64-1 Hengzhigang Road, Yuexiu District, Guangzhou 

    ​3. 
    Guangzhou Tianyue Hexihui Home for the Elderly
    6 Renrui New Street, Pazhou, Haizhu District, Guangzhou 

    4. 
    Guangzhou Chunxuanmao Chenchong Senior Living Service Co, Ltd(Operated under the partnership formed by The Lok Sin Tong Benevolent Society Kowloon and a Mainland elderly service operator)
    200 Chenchong Road, Panyu District, Guangzhou

    Foshan

    ​5.
    Foshan Canopusland Co, Ltd
    24 North Fenjiang Road, Chancheng District, Foshan 

    6. 
    Hetai Center(Operated under the partnership formed by Jane’s Home Limited and a Mainland elderly service operator) 
    3 Shuiyun Road, Junlan Community, Beijiao Town, Shunde District, Foshan

    Zhongshan

    7.
    Zhongshan Torch Development Zone Yikang Senior Services Center 
    Qiguan East Road, Torch Development Zone, Zhongshan 

         Taking into account the two RCHEs in Shenzhen, one in Foshan and one in Zhaoqing, the total number of RCHEs registered under the Scheme will increase to 11 in five Mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to provide more choices for the elderly who are interested in retiring in Mainland cities in the GBA.           Details of the Scheme are available at the SWD website (www.swd.gov.hk/en/pubsvc/elderly/cat_residentcare/subrcheplace/guangdong/index.html).

     
    Ends/Tuesday, October 22, 2024Issued at HKT 14:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI China: China recovers 16 billion yuan in misused healthcare funds

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

    BEIJING, Oct. 22 — Chinese authorities recovered over 16 billion yuan (2.25 billion U.S. dollars) in misused medical insurance funds during the first nine months of this year, according to official data released on Tuesday.

    At a press conference in Beijing, the National Healthcare Security Administration (NHSA) announced that it had conducted surprise inspections at more than 500 designated medical institutions participating in the national insurance scheme.

    These inspections, aimed at uncovering insurance fraud and misuse, covered all provincial-level regions, the NHSA stated.

    The administration pledged additional measures to ensure the security of healthcare funds and prevent future misuse.

    These efforts include expanding the scope of surprise inspections, enhancing self-inspection and rectification, strengthening big data monitoring, establishing a long-term regulatory framework, and increasing public exposure of violations.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: 14 building plans approved in August

    Source: Hong Kong Government special administrative region

    14 building plans approved in August
    14 building plans approved in August
    ************************************

         The Buildings Department approved 14 building plans in August, with four on Hong Kong Island, six in Kowloon and four in the New Territories.     Of the approved plans, eight were for apartment and apartment/commercial developments, two were for commercial developments, and four were for community services developments.     In the same month, consent was given for works to start on 10 building projects which, when completed, will provide 64 505 square metres of gross floor area for domestic use involving 1 502 units, and 38 346 sq m of gross floor area for non-domestic use. The department has received notification of commencement of superstructure works for three building projects.     The department also issued 15 occupation permits, with two on Hong Kong Island, five in Kowloon and eight in the New Territories.     Of the buildings certified for occupation, the gross floor area for domestic use was 69 576 sq m involving 2 319 units, and 18 417 sq m was for non-domestic use.     The declared cost of new buildings completed in August totalled about $3.3 billion.     In addition, four demolition consents were issued.     The department received 2 409 reports about unauthorised building works (UBWs) in August and issued 702 removal orders on UBWs.     The full version of the Monthly Digest for August can be viewed on the Buildings Department’s homepage (www.bd.gov.hk).

     
    Ends/Tuesday, October 22, 2024Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Siili Solutions Plc, Business review, 1 January–30 September 2024

    Source: GlobeNewswire (MIL-OSI)

    Siili successfully launched the implementation of its new strategy in challenging market conditions

    Siili Solutions Plc Stock Exchange Release 22 October 2024 at 9:45 am EEST

    Key figures

    EUR million Q3/2024 Q3/2023 Q1-Q3/2024 Q1-Q3/2023
    Revenue 24.1 27.0 83.3 92.3
    Revenue growth. EUR million -2.9 0.1 -9.0 6.5
    Revenue growth. % -10.8% 0.5% -9.8% 7.6%
    Organic revenue growth. EUR million -2.9 -1.2 -9.0 2.3
    Organic revenue growth. % -10.8% -4.1% -9.8% 2.6%
    Adjusted EBITA 0.7 1.3 4.0 6.3
    Adjusted EBITA. % of revenue 2.9% 4.7% 4.8% 6.8%
    EBITA 0.7 1.3 3.4 6.3
    EBITA. % of revenue 2.9% 4.7% 4.1% 6.8%
    Average number of employees during the period 956 1,057 976 1,049
    Number of employees at the end of the period 945 1,053 945 1,053
    Number of full-time employees (FTE) at the end of the period 909 1,023 909 1,023
    Number of full-time subcontractors (FTE) at the end of the period 148 172 148 172

     

    Key events in July-September:

    • On 13 August 2024, Siili published its new strategy placing AI and data at its core.
    • On 17 September 2024 Siili published a profit warning and lowered its financial guidance for 2024 revenue and adjusted EBITA.
    • Activity in sales created good ground for strategy implementation.

    Outlook for 2024:

    The updated financial guidance of revenue for 2024 is expected to be EUR 106–116 million and adjusted EBITA EUR 4.5–6.5 million.

    The previous guidance for the current year’s revenue was EUR 120-140 million and adjusted EBITA EUR 7.5-10.5 million.

    CEO Tomi Pienimäki:

    In July–September, Siili continued to lay a solid foundation for the implementation of its new strategy in spite of challenging market conditions.

    Revenue for the third quarter declined 11% year-on-year, to stand at approximately EUR 24 million. Adjusted EBITA for the quarter was EUR 0.7 million and about 3% of revenue.

    The overall state of the IT service market has remained challenging, and recovery of the markets is taking longer than expected. Decision-making by customers on starting new projects continues to be slow, despite increased activity among customers. Against this backdrop, in September, we updated our guidance on revenue and adjusted EBITA for 2024.

    As an example of positive developments in sales, I would like to highlight a significant new customer in the German automotive industry, starting out with a contract of approximately EUR 8 million for the next five years. Siili was also selected by several industry-leading AI users as a partner in data and AI projects. Growth in this area is one of our strategic priorities. For the time being, AI projects tend to be small, but they represent important openings in building long-term partnerships. We have continued to strengthen the data and AI competencies of the Siili team, both by training the personnel and by new recruitments.

    In August, we announced a new strategy, placing artificial intelligence and data at its core. In October, we published a Handbook on AI-powered software development. In the book, our experts describe, in concrete terms, new ways of working that are already changing the way how the Siili team operates and that will strengthen our position as a leader in the utilisation of artificial intelligence in software development.

    In October, Siili appointed Maria Niiniharju as VP Private Business and member of management team. Niiniharju brings us strong experience in business development as well as valuable data and AI expertise, which is perfect fit to accelerate Siili’s strategy execution.

    Siili achieved 10th place in the Young Professional Attraction Index survey by Academic Work. Our goal is to be a community of top talent, and in line with our strategy, we will continue to endorse a strong corporate culture and continuous learning opportunities for the personnel.

    Siili will arrange a Capital Markets Day on 26 November 2024. In the event, we will describe our new strategy, our AI and data expertise as well as our financial standing.

    Despite the challenges of the operating environment, we believe in the normalisation of the markets, although the turnaround has been delayed. I want to extend my thanks to the entire Siili team and our customers for the past third quarter of the year. We are in a good position to continue the roll-out of our renewed strategy towards the end of the year.

    —

    This is not an interim report under IAS 34. The company complies with the half-yearly reporting requirements of the Securities Markets Act and publishes business reviews for the first three and nine months of the year, which present key information on the company’s financial performance. The financial information presented in this business review is unaudited.

    Further information:

    CEO Tomi Pienimäki

    Tel: +358 40 834 1399, email: tomi.pienimaki(at)siili.com

    CFO Aleksi Kankainen

    Tel: +358 40 534 2709, email: aleksi.kankainen(at)siili.com

    Distribution:

    Nasdaq Helsinki Ltd
    Main media
    http://www.siili.com/en

    Siili Solutions in brief:

    Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. http://www.siili.com/en

    Attachment

    The MIL Network –

  • MIL-OSI Africa: APO Group’s Director of Strategy, João Marques, Appointed as Strategic Advisor to Decarb.earth to Support Expansion of Renewable Energy Projects in Africa

    Source: Africa Press Organisation – English (2) – Report:

    JOHANNESBURG, South Africa, October 22, 2024/APO Group/ —

    João Marques, Director of Strategy at APO Group (www.APO-opa.com), has been appointed as a strategic advisor to Decarb.earth, a Swiss-based sustainability start-up operating in the carbon credit landscape, to help accelerate renewable energy projects and decarbonisation efforts across Africa. In this advisory role, Marques will leverage his expertise to connect Decarb.earth with renewable energy developers in the region, supporting the company’s mission of driving sustainable development.

    Decarb.earth is today at the forefront of carbon credit innovation, identifying renewable energy initiatives in developing markets and enabling them to access alternative financing solutions. By facilitating the issuance of high-quality carbon credits, the company empowers developers to reinvest in their projects, scaling their impact on emissions reduction.

    “João Marques’ deep understanding of Africa’s energy landscape and his experience in strategic partnerships will be invaluable as Decarb.earth expands its reach on the continent,” said Marco Funk, founder, and CEO of Decarb.earth. “His involvement will help us identify new projects and foster relationships that will further our innovative platform’s capabilities.”

    Marques expressed enthusiasm for the new role: “I am excited to support Decarb.earth in its efforts to bring more renewable energy solutions to Africa. Their vision for transforming the carbon credit market aligns with the continent’s urgent need for sustainable energy, and I look forward to contributing to their strategy in driving innovation and growth.”

    As the Director of Strategy at APO Group, the leading pan-African communications consultancy and press release distribution service, and an expert in African energy markets, Marques will help bring together market insights and a strategic leadership to these efforts. This appointment also reflects APO Group’s broader commitment to supporting sustainability initiatives and promoting economic development across Africa.

    Decarb.earth’s platform uses cutting-edge technology in the form of Smart Contracts to streamline carbon credit issuance, significantly reducing the time and costs associated with traditional methods. The company has already partnered with major players like Masdar and Go Solr to revolutionise the carbon credit landscape, ensuring efficient and impactful decarbonisation solutions.

    MIL OSI Africa –

  • MIL-OSI Russia: Mikhail Mishustin appointed Oleg Kazanov as head of Rosnedra

    Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Order dated October 21, 2024 No. 2952-r

    Document

    Order dated October 21, 2024 No. 2952-r

    Oleg Kazanov has become the new head of the Federal Agency for Subsoil Use (Rosnedra). The order on his appointment was signed by Prime Minister Mikhail Mishustin. Evgeny Petrov, who headed Rosnedra, was relieved of his post at his request.

    Oleg Kazanov was born in the city of Otradny, Kuibyshev region. In 1996, he graduated from the geological faculty of St. Petersburg State University, studied in graduate school, and later worked as a teacher.

    In 2006, he moved to the Murmansk region, where he worked in various positions, including management positions, in companies engaged in geological exploration and mining.

    In 2017, Oleg Kazanov became the chief geologist – head of the department of the All-Russian Research Institute of Mineral Resources named after N.M. Fedorovsky. Two years later, he was appointed Deputy General Director for Geology.

    In 2020, Oleg Kazanov became the head of the institute. Under his leadership, VNII became one of the largest geological exploration service contractors in Russia, providing expert support for the activities of Rosnedra.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: NSU climbed to 50th place in the QS subject ranking of the best universities in the world in the field of “Petroleum Engineering”

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    Novosibirsk State University has improved its position in the subject ranking “Oil and Gas Engineering” of the QS World University Rankings. In 2023, it was in the 51-100 place, this year it rose to 50th place. In total, QS analyzed more than 1,100 educational organizations around the world to compile this subject ranking.

    When compiling the subject ranking in the direction of “Petroleum Engineering”, four factors were taken into account: academic reputation (its weight is 40%), reputation with employers (30%), citation rate (15%) and the scientometric indicator H-Index (Hirsch index; 15%). NSU showed the most significant movement in two parameters: academic reputation (formed on the basis of a survey of representatives of the academic community – global and Russian); and the Hirsch index.

    NSU is actively positioning itself not only as a leading educational, but also scientific and technological center. One of the leading areas is oil and gas. Recently, NSU has received patents for technologies and solutions that allow increasing oil production and reducing the costs of servicing oil wells. Among the developments is also a software and hardware complex for express diagnostics of the technical condition of pipeline transport structures. Leading players in the oil and gas industry are showing interest in these technologies.

    Since 2018, the Gazprom Neft-NSU scientific and educational center has been operating at NSU, where joint research and scientific projects of the oil company and the university are successfully developing. The Geological and Geophysical and Mechanics and Mathematics Faculties of NSU have master’s programs that train specialists in the field of petroleum engineering. In addition, within the framework of Priority 2030 programs The strategic project “Scientific Engineering” is being implemented, an important component of which is the creation of a single digital platform for geological exploration and development of oil and gas fields.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Australia: Burnie Cultural Precinct works racing ahead

    Source: Australian Executive Government Ministers

    Sections of the new Burnie Cultural Precinct in north-west Tasmania have officially opened to the community today, marking a critical milestone in the project. 

    Once complete, the precinct is expected to attract 100,000 visitors per year, boosting tourism and the local economy. 

    The project involves upgrading the Burnie Arts and Function Centre and integrating it with the Museum and Art Gallery and civic plaza to create an inclusive environment with public spaces for co-creation and local events.

    With the interior of the Burnie Arts and Function Centre refurbishment complete today, we’re one step closer to realising this vision. 

    Additions to the building include a revitalised main entry, café and external works that link the centre with the civic plaza.

    Future works include the redevelopment of the remainder of the Burnie Arts building and an upgrade of the Civic Plaza made possible with a further $13 million funding from the Albanese Government.

    The new precinct will attract more locals and visitors by providing facilities, programs and cultural offerings for people to enjoy. 

    The project is a joint initiative between the Australian Government and Burnie City Council, with the Australian Government contributing $18 million to the $20.5 million project and the council contributing the remaining $2.5 million.

    Quotes attributable to Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “It’s fantastic to be here today to see the incredible transformation taking place at the new Burnie Cultural Precinct, with the arts and function centre now refurbished. 

    “This is yet another demonstration of the Albanese Government’s unwavering commitment to investing in our regions to create jobs, build opportunity and unlock economic growth and productivity.

    “We’re delivering for the people of Tasmania, investing in community infrastructure that fosters social cohesion and strengthens local communities.”

    Quotes attributable to Senator for Tasmania Anne Urquhart:

    “Ensuring people living on the North West Coast have access to world-class cultural precincts is of great importance to the Albanese Labor Government, and I am pleased to be here today for the opening of new parts of the Burnie Cultural Precinct.

    “This cultural precinct will ensure Burnie, and Braddon, remain a great place to live, work, visit and do business.        

    “The new integrated precinct will support a better visitor experience and provide welcoming public spaces that can be used for events and co-creation.

    “This will draw in more visitors and business activity to the Burnie CBD to provide a real boost to our economy.”

    Quotes attributable to Burnie Council Mayor Teeny Brumby:

    “This first stage of the redevelopment, which we celebrate today, has already breathed new life into the Burnie Arts Centre. 

    “This redevelopment doesn’t just create a venue; it creates an environment where arts and culture can thrive, where our community can gather, and where the next generation of makers can be inspired.”

    MIL OSI News –

  • MIL-OSI: Broadcom to Host VMware Explore 2024 Barcelona for Customers and Partners

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO), which recently acquired VMware, is hosting VMware Explore 2024 Barcelona November 4-7 at the Fira Gran Via, featuring a variety of breakout sessions, certification training, and labs spanning relevant technology and industry topics.

    On Tuesday, November 5, 2024, at 9:00 a.m. CET, Broadcom President and CEO Hock Tan will address VMware Explore attendees during the general session keynote titled “Shaping the Future of Cloud and AI Innovation.” The general session will feature Broadcom leaders, VMware experts, and European customers showcasing advancements in private cloud, generative AI, app delivery, and the edge.

    In addition to the general session keynote, VMware Explore will deliver rich technical content beginning Monday, November 4 featuring 400-plus sessions across five content tracks, providing attendees with opportunities to gain actionable insights on how to better run, scale, and secure enterprise workloads and accelerate cloud transformation. To view the full list of sessions, please visit the Content Catalog: https://event.vmware.com/flow/vmware/explore2024bcn/content/

    Attendees will also have access to top ecosystem partners at The Expo, hands-on learning and certification training, networking opportunities with peers from around the globe, and more. To register to attend VMware Explore 2024 Barcelona, please visit: https://www.vmware.com/explore/eu

    Broadcom plans to host VMware Explore 2025 Las Vegas at The Venetian Convention and Expo Center August 25-28, 2025.

    Follow VMware Explore 2024 Barcelona on social media for updates:

    About VMware Explore
    VMware Explore aims to be the industry’s go-to-event for all things cloud. VMware Explore 2024 will feature expert-led business and technical sessions, an extensive ecosystem of the top cloud partners, a thriving marketplace of ISVs, ​and several networking events across the VMware community. With an unparalleled view into cloud infrastructure, for all applications, VMware Explore 2024 attendees will gain the knowledge and tools they need to solve challenges by simplifying cloud complexity without compromise.

    To learn more about VMware Explore, please visit: https://www.vmware.com/explore.html

    About Broadcom
    Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom’s category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to http://www.broadcom.com.

    Media Contact:
    Heather Haley
    Broadcom Global Communications
    1-925-482-4333
    heather.haley@broadcom.com 

    The MIL Network –