Category: Machine Learning

  • MIL-OSI: Ascent Solar Technologies Signs Master Services Agreement to Provide NOVI Space with Rollable PV Array Blankets for Launch in 2026

    Source: GlobeNewswire (MIL-OSI)

    THORNTON, Colo., May 27, 2025 (GLOBE NEWSWIRE) — Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the signing of a Master Services Agreement with NOVI Space, Inc. (“NOVI”), a Virginia-based space company that develops and operates AI-powered satellites with their TRL-9 edge computing technology.

    Ascent has been contracted to provide rollable PV array blankets to NOVI to deliver real-time Earth Observation insights directly from space. NOVI plans to utilize the Company’s lightweight, rollable solar technology in their AI edge processing constellation, scheduled for launch in early 2026. As part of the supply agreement, NOVI will provide Ascent with solar array operational performance data from orbit. This allows the Company to rapidly iterate and validate product enhancements for future missions and continue to build upon years of R&D and specialty engineering for products suitable to thrive in the rigors of space.

    “Having a high technology readiness level isn’t enough assurance for discerning space operators, a challenge that Ascent can uniquely address with our thin-film photovoltaic production solutions,” said Paul Warley, CEO of Ascent Solar Technologies. “The ability to reliably deliver power on shorter installation timelines removes solar arrays as a barrier to completion for mission schedules, allowing constellations of spacecraft to be completed sooner. Ascent combines both high TRL and MRL with mission-enabling features, helping partners like NOVI to do more, faster and with greater confidence.”

    Ascent has the capabilities to deliver mission-optimized solar array solutions based on CIGS PV products already developed with spaceflight heritage. Its high-maturity CIGS PV products in manufactured in its 5MW production facility in Thornton, CO enables delivery of arrays in just 6-8 weeks, versus market competition that typically struggles to meet aggressive delivery schedules and strives for 9–12-month lead times. Ascent’s recent pair of orders received for spaceflight hardware assemblies are on schedule to be completed and delivered by the Company this summer.

    “We are glad to have found a partner in Ascent that is able to provide plug and play arrays for our current bus, enabling NOVI to launch its first set of commercial satellites in Q1 of 2026. We look forward to incorporating Ascent’s new, rollable technology into our constellation,” said Scott Steffan, CRO and Co-Founder of NOVI Space, Inc.

    About Ascent Solar Technologies, Inc.

    Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability, and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility is in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com.

    About NOVI:

    NOVI is a Space AI infrastructure and compute company. In addition to providing the space industry with TRL 9, flight-proven OBCs, NOVI is developing and deploying a constellation of multi-sensor edge-processing satellites for EO, coupled to a full-stack data, algorithm, and intelligence management platform named VISTAsat™. This is an innovative space AI marketplace that provides open-access to our growing satellite network, and enables commercial companies, governments and developers to harness real-time space-based sensors, processors and intelligence, further changing the cost paradigm to drive innovation, create new use-cases and redefine how industries leverage EO.

    Forward-Looking Statements

    Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” including statements about the financing transaction, our business strategy, and the potential uses of the proceeds from the transaction. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. We have based these forward-looking statements on our current assumptions, expectations, and projections about future events. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “will,” “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s filings with the Securities and Exchange Commission including those discussed under the heading “Risk Factors” in our most recently filed reports on Forms 10-K and 10-Q.

    Ascent Solar Media Contact

    Spencer Herrmann
    FischTank PR
    ascent@fischtankpr.com

    The MIL Network

  • MIL-OSI: Check Point to Acquire Veriti to Transform Threat Exposure Management and Reduce Organizations’ Cyber Attack Surface

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., May 27, 2025 (GLOBE NEWSWIRE) — AI-fueled attacks and hyperconnected IT environments have made threat exposure one of the most urgent cybersecurity challenges facing enterprises today. In response, Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced a definitive agreement to acquire Veriti Cybersecurity, the first fully automated, multi-vendor pre-emptive threat exposure and mitigation platform.

    “The acquisition of Veriti marks a significant step toward realizing our hybrid mesh security vision,” said Nadav Zafrir, CEO at Check Point Software Technologies. “It strengthens the Infinity Platform’s open-garden approach, enabling seamless, multi-vendor remediation across the entire security stack. With Veriti, we’re advancing preemptive, prevention-first security – an imperative in today’s AI-driven threat landscape.”

    AI has brought cyber security to a tipping point, enabling the launch of attacks at scale. At the same time, enterprises are hyperconnected, with assets spread across clouds, datacenters, and endpoints, vastly expanding their attack surface. Traditional reactive security is too slow. Veriti continuously identifies, prioritizes, and remediates risk across your multi-vendor environment through automated patching and collaborative threat intelligence, all without disrupting business.

    Founded in 2021, Veriti pioneered the Preemptive Exposure Management (PEM) category—actively discovering and mitigating risks across siloed tools. Veriti continuously monitors logs, threat indicators, and vulnerabilities identified across the environment and propagates protections in real time. With integrations into over 70 vendors, it empowers security teams to detect, understand, and prevent attacks without delay.

    Core capabilities Veriti brings to the Check Point Infinity Platform:

    • Automated, cross-vendor virtual patching: Veriti instantly applies risk-free, non-disruptive protections across dozens of third-party tools, based on vulnerabilities identified by platforms like CrowdStrike, Tenable, and Rapid7, dramatically reducing patching time from weeks to minutes.
    • Real-time threat intelligence enforcement: Veriti verifies threat indicators from any connected tool and automatically orchestrates protection across firewalls, endpoints, WAFs, and cloud platform, enabling fast, coordinated, multi-vendor threat response.
    • Seamless integration with 70+ security vendors: Built with a fully API-based architecture, Veriti integrates into existing environments without agents or disruption, supporting the broadest security ecosystem in the market.
    • Stronger synergy with Wiz: Veriti ingests Wiz’s cloud exposure insights, such as vulnerable, unpatched cloud servers or applications, and enables automatic, safe virtual patching of those assets through Check Point gateways (and other vendors’ as well), enhancing Check Point’s ability to execute on its strategic partnership with Wiz.
    • Safe, context-aware remediation: Veriti analyzes each customer’s environment, including exposures, configurations, and existing protections, to apply the right controls safely, and without operational impact.

    “Security teams today suffer from a lack of action: exposures aren’t just detected, they’re compounding, hiding in the gaps between tools, teams, and timelines,” said Adi Ikan, CEO and co-founder of Veriti. “We founded Veriti to help organizations not just see risk, but remediate it safely, at scale, and most importantly – without disruption. By joining Check Point, we’re accelerating that mission. Together, we’ll help organizations reduce their exposure faster through the security tools they already trust.”

    Following the closure of the transaction, Veriti’s capabilities will be integrated into the Check Point Infinity Platform as part of the Threat Exposure and Risk Management offering. Combined with the recently added External Risk Management (ERM) solution, Veriti enhances Check Point’s ability to deliver complete risk lifecycle coverage—proactively managing both internal and external exposures across the entire attack surface.

    The closing of the transaction is subject to the customary closing conditions and is expected to occur by the end of Q2 2025.

    Follow Check Point via:
    LinkedIn: https://www.linkedin.com/company/check-point-software-technologies  
    X: https://www.twitter.com/checkpointsw  
    Facebook: https://www.facebook.com/checkpointsoftware  
    Blog: https://blog.checkpoint.com   
    YouTube: https://www.youtube.com/user/CPGlobal  

    About Check Point Software Technologies Ltd.

    Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading protector of digital trust, utilizing AI-powered cyber security solutions to safeguard over 100,000 organizations globally. Through its Infinity Platform and an open garden ecosystem, Check Point’s prevention-first approach delivers industry-leading security efficacy while reducing risk. Employing a hybrid mesh network architecture with SASE at its core, the Infinity Platform unifies the management of on-premises, cloud, and workspace environments to offer flexibility, simplicity and scale for enterprises and service providers.

    Legal Notice Regarding Forward-Looking Statements

    This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding future growth, the expansion of Check Point’s industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking state

    About Veriti
    Veriti is an AI-driven exposure assessment and remediation platform that continuously identifies vulnerabilities, misconfigurations, and exploitability across the entire security stack, on-prem and in the cloud. By leveraging compensating controls and layered defense strategies, Veriti ensures that potential and active threats are proactively managed and safely remediated without disrupting business continuity. Founded in 2021 by Adi Ikan and Oren Koren, Veriti is trusted by enterprises worldwide to instantly reduce risk and streamline exposure assessment and remediation for today’s hyper-connected organizations.

    The MIL Network

  • MIL-OSI: Regula Rolls Out Personal Data Masking Across All Solutions for Easier Privacy Compliance

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., May 27, 2025 (GLOBE NEWSWIRE) — To help organizations stay ahead of tightening data privacy regulations, Regula, a global developer of identity verification solutions, has extended its personal data masking functionality to Regula Forensic Studio (RFS), software that powers forensic devices. This new update helps document experts protect personal data with a single click, meeting growing privacy demands without disrupting workflows.

    Already available in Regula Document Reader SDK, the personal data hiding feature is now also a part of the RFS toolset used by border control officers, forensic professionals, and law enforcement agencies. This means the entire Regula ecosystem—from real-time ID verification to in-depth forensic analysis—now supports robust privacy controls natively.

    Just one click on “Depersonalize” in the RFS menuand all the personal data in an ID is blurred

    This enhancement comes at a time when compliance is not just a checkbox, but a business-critical imperative. According to Regula’s global survey, 28% of companies cite regulatory compliance as the primary reason for implementing identity verification solutions. Among large enterprises, that figure rises to 35%.

    The new capability allows document experts to easily blur or hide personally identifiable information (PII), such as names, photos, and ID numbers, directly within forensic workflows. This ensures that sensitive data is handled responsibly while meeting strict global requirements like GDPR, CCPA, and others.

    “Regula’s forensic tools are trusted by professionals who handle the most sensitive identity documents, so privacy and compliance can’t be an afterthought,” said Ihar Kliashchou, Chief Technology Officer at Regula. “With one-click data masking now built into our ID verification tools, experts can instantly anonymize personal information during analysis, enabling secure, compliant workflows for audits, training, or database creation, without sacrificing speed or accuracy.”

    What else is new in Regula Forensic Studio?

    In addition to the personal data masking feature, the latest RFS release includes 40+ updates focused on speed, customization, and forensic precision:

    • New analysis tools: Yellow dot analysis for tracing document origins and detecting unauthorized duplicates.
    • Smarter imaging: Per-light-source gamma correction and full-spectrum HDR imaging (not just UV), improving clarity across all materials.
    • Streamlined collaboration: Video screen capture and camera recording capabilities support team training and case reviews.
    • Faster insights: Hyperspectral imaging is now 20% faster without compromising detail.
    • Improved digital zoom: Expanded up to 16x for detailed inspections.
    • Visual reporting: Ability to generate composite images under varied lighting, ideal for expert reports or courtroom presentations.
    • Integrated workflows: Automated document searches in the Information Reference System (IRS) after MRZ reading to reduce manual steps.
    • Flexible video modes: Three options for different examination tasks—real-time viewing without frame skipping, high-resolution capture, and an expanded A4 field-of-view mode.
    • Wider OS compatibility: Now supports Rocky and Debian Linux distributions, expanding deployment options.

    For more information about Regula Forensic Studio and its latest features, please visit Regula’s official website.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regulaforensics.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c278b54-ce49-42b8-8633-d089d8c00ee4

    The MIL Network

  • MIL-OSI: Urgently Promotes Michael Port to Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., May 27, 2025 (GLOBE NEWSWIRE) — Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced the appointment of Michael Port as Chief Financial Officer, effective June 6, 2025. Mr. Port assumes the role from Timothy C. Huffmyer, who is stepping down as Chief Financial Officer to pursue other opportunities.

    Mr. Port previously served as Senior Vice President of Finance of Urgently. Prior to joining Urgently, Mr. Port served as Vice President of Finance and Controller of Lordstown Motors Corp. (“Lordstown”), an electric vehicle original equipment manufacturer and innovator, from September 2021 until June 2023, then Mr. Port consulted with Lordstown’s successor company, Nu Ride, Inc. (“Nu Ride”), providing transition services to Nu Ride’s management team. Mr. Port previously served as Chief Financial Officer of Energy Focus Inc., a manufacturer of LED lighting products and as an operational and strategic advisor to various manufacturing and service companies through MHPort Consulting LLC.

    “We are delighted to have Mike join Urgently at this very exciting time in our Company’s growth,” said Matt Booth, CEO of Urgently. “Mike’s wealth of experience in various senior level financial positions across the automotive industry and other high growth industries make him a great match for Urgently. We appreciate Tim’s many contributions to Urgently, are grateful for his extended help in transition and wish him all the best in his future endeavors.”

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.

    For media and investment inquiries, please contact:

    Press: media@geturgently.com

    Investor Relations: investorrelations@geturgently.com

    The MIL Network

  • MIL-OSI: OwlTing Group Unveils AI-Powered OwlPay® Harbor™ for Stablecoin On/Off-Ramping

    Source: GlobeNewswire (MIL-OSI)

    ARLINGTON, Va., May 27, 2025 (GLOBE NEWSWIRE) — OwlTing Group (the “Company”), a global blockchain fintech company, today announced an integration of AI features into its payment API infrastructure, OwlPay® Harbor™ (the “Platform”). This AI-driven technical support feature helps developers accelerate onboarding the Company’s API, which aims to provide secure on/off-ramping services to send, receive, and hold funds in U.S. dollars and USDC1 stablecoin for global payouts across over 100 countries2. With competitive fees and robust regulatory compliance coverage across over 30 U.S. states3, OwlPay® Harbor™ offers a trusted and scalable solution for businesses worldwide.

    The newly adapted Model Context Protocol (MCP)4 tool, similar to a “USB-C port for AI models,” provides a unified approach for AI to get the real-time context with smarter responses, interacting with a human developer. This AI feature simplifies the process to integrate the Company’s API, lowers the onboarding time and maintenance efforts, and more importantly, allows developers to leverage their existing AI models without sharing sensitive data with external systems.

    Global businesses such as banks, digital wallets, DeFi companies, or fintech providers that are seeking embedded crypto-to-fiat conversions will be able to offer their customers a seamless payment experience with their own products or platforms behind the scenes.

    “We’re excited to bring AI to our flagship payment platform,” said Darren Wang, Founder and CEO at OwlTing Group. “With our wide compliance footprint, AI-driven support, and flexible service models, OwlPay® Harbor™ offers global companies the legitimacy and efficiency of payments in the U.S. and beyond borders.”

    OwlPay® Harbor™ provides enterprise-ready APIs for USD–USDC conversions via Wire and ACH transfers, with cross-chain compatibility for supported transactions across Stellar, Ethereum, Polygon, Arbitrum, Optimism, and Avalanche blockchains. It will also support Solana in the future. As a Stellar Anchor, it brings businesses an easier integration using SEP-24 (deposit/ withdrawal)5 and SEP-10 (authentication)6 protocols to the Stellar network.

    The platform offers extensive global reach and budget-friendly pricing tailored for all kinds of businesses. Holding over 30 Money Transmitter Licenses (MTLs) or their equivalent, adhering to strict KYC/AML standards, and securing ISO 27001 certification for its payment solution, OwlPay® Harbor™ stands ready to deliver with trust and reliability for global operations.

    Photo Caption: OwlPay® has obtained the ISO 27001 certification, underscoring its commitment to minimizing cyber risks and safeguarding users’ data.

    OwlPay® Harbor™ now offers two flexible service models:

    Partnership Model:

    • Designed for platforms like marketplaces or payment processors that collect funds from users for global payouts. Approved platforms manage funds and pay OwlPay® directly.
    • Supports USD payouts in supported regions globally. It also supports local payouts in 10 currencies: EUR (via SEPA), CAD, GBP, JPY, SGD, HKD, ZAR, AED, MXN, and BRL.
    • Use Case: An e-commerce platform collects USD from customers, converts it to USDC via OwlPay®, and pays retailers or freelancers in the Americas, hedging the currency fluctuations.

    End User Model:

    • Designed for other platforms wishing to avoid handling funds directly, with end users paying OwlPay® directly for implementing USD-USDC conversions.
    • Supports USD payouts in supported regions globally.
    • Use Case: An U.S. app allows users to buy USDC with USD via OwlPay® behind their own user interface, while its customers would enjoy an integrated customer journey.

    The stablecoin market has soared to a record $240 billion7 and is projected to reach $2 trillion by 20288. As demands for efficient digital payments surge, businesses integrating with the platform that combines seamless AI-driven APIs, regulatory compliance, and cross-chain compatibility for supported blockchains are positioned to be at the forefront of this thriving economy.

    OwlTing continues expanding its regulatory coverage and aims to obtain MTLs in all U.S. states as applicable, along with ongoing license applications in global markets such as Japan and the EU. The company will deploy AI tools across its OwlPay® product suites to enhance efficiency and user experience, strengthening its global leadership in stablecoin payments.

    About OwlTing Group
    Founded in 2010, OwlTing is a global blockchain fintech company based in Taiwan and has subsidiaries in the U.S., Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and HSBC as “the Leading 3 Emerging Giants in Taiwan.” With the mission to usher in the digital transformation of traditional payment processes, while ensuring legal compliance, OwlTing introduced OwlPay®, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the evolving digital landscape. For more information, visit https://www.owlting.com/portal/?lang=en.

    Media Contact
    PR Office at OwlTing Group
    pr_office@owlting.com

    1 USDC is an internet-native, fully-reserved, regulated digital dollar that leverages blockchain networks to enable businesses, developers, and individuals to conduct near-real-time, low-cost global transactions. It is a leading, fully-reserved global stablecoin issued through Circle’s regulated affiliates. To learn more about using or accessing USDC, visit USDC.com. To learn more about Circle’s regulatory authorizations, visit Circle’s Licenses page https://www.circle.com/legal/licenses
    2 Availability may vary by jurisdiction and is subject to change. Please refer to the most current service documentation or contact support for the latest coverage.
    3 Availability may vary by jurisdiction and is subject to change. As of May 2025, OwlTing Group has obtained MTL licenses or their equivalent in over 30 U.S. states and is in the process of applying for relevant legal trading licenses in other U.S. states. For a list of U.S. licenses obtained, please see https://www.owlting.com/owlpay/licenses?lang=en. Please refer to the most current service documentation or contact support for the latest coverage.
    4 Model Context Protocol (MCP) is the open standard released by Anthropic, it’s a communication protocol that enables AI agents to interpret, respond to, and take action based on structured context within API workflows. By minimizing data exposure, MCP supports personalized interactions while preserving user privacy, and reduces hallucinations by grounding AI responses in verifiable external data. For more information, please see https://modelcontextprotocol.io/introduction
    5 SEP-24 is the standardized protocol for hosted deposits and withdrawals on Stellar’s ecosystem. With OwlPay® HarborTM, businesses can make their on/off-ramping services available as an in-app experience through Stellar-based applications such as wallets and exchanges, extending their reach and connecting with users through the applications they already use.
    6 SEP-10 is the authentication protocol of Stellar. This is used to verify the user’s KYC information.
    7 According to DeFiLlalma, the data aggregator for DeFi, the total stablecoin market cap is $242 billions as of May 2025.
    8 According to a Standard Chartered Bank report, titled “Stablecoins, USD Hegemony, and UST Bills” published in April 2025.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c6bcf23b-ff93-4137-a40e-74e21baebe22

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7d98cda1-6f72-4048-9a0c-1738bc76a2bb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/426a725d-5e74-4993-9f96-c4a1f8e4454d

    The MIL Network

  • MIL-OSI Russia: /China Focus/ British aero engine giant starts operations at new plant in Beijing

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, May 27 (Xinhua) — Rolls-Royce Corp.’s first aircraft engine maintenance, repair and overhaul (AER) joint venture (JV) on the Chinese mainland plans to start operations by the end of 2025, an official from the British aircraft engine maker said.

    The new plant, located in the northeastern suburbs of Beijing, marks a significant expansion of the aircraft engine giant’s presence in one of the world’s fastest-growing aviation markets, reflecting the corporation’s optimism about the Chinese market and its recognition of the country’s supply chain.

    Beijing Aero Engine Services Ltd (BAESL), a joint venture between Rolls-Royce and Air China, plans to initially service Trent 700 engines for Airbus A330 aircraft, and then move on to Trent XWB and Trent 1000 engines for Airbus A350 and Boeing 787 aircraft respectively, Troy Wang, executive vice president of Rolls-Royce Greater China, told Xinhua in an exclusive interview.

    “When the facility reaches full capacity, which is expected to be reached by the mid-2030s, BAESL will be able to handle up to 250 requests per year,” he said.

    The plant, which will employ up to 800 people at full capacity, represents a strategic growth initiative in China, Rolls-Royce’s third-largest single-country market globally by revenue.

    Prior to the creation of BAESL, Rolls-Royce served Chinese customers through its global network of retail outlets, which included Hong Kong-based HAESL, established in 1997.

    BAESL is the latest in a series of Rolls-Royce investments in China, including five joint ventures with Chinese partners.

    The aviation sector is projected to need more than 8,200 new passenger aircraft by 2043 to meet growing demand, including more than 1,500 wide-body jets, according to a report released by the Aviation Industry Corporation of China (AVIC).

    “China is not only a market, but also an important part of our supply chain,” said Troy Wang, stressing that Rolls-Royce has built a vast network of more than 50 suppliers across the country who produce key engine components and parts, “innovating in digitalization and automation.”

    BAESL is being established as “the world’s leading aircraft engine repair shop using the latest digital technologies.” The joint venture is already collaborating with leading digital solution providers in China to develop capabilities using artificial intelligence.

    Despite global economic uncertainty, China’s aviation sector is showing surprising resilience and growth potential as its industrial ecosystem continues to demonstrate competitiveness in cost, quality and lead times, according to Troy Wang.

    Last year, Rolls-Royce expanded its joint venture in China with Guangxi Yuchai Machinery Co. Ltd., a Chinese internal combustion engine maker, to tap into the country’s fast-growing market. -0-

    MIL OSI Russia News

  • MIL-OSI USA: SPC May 27, 2025 0730 UTC Day 3 Severe Thunderstorm Outlook

    Source: US National Oceanic and Atmospheric Administration

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    May 27, 2025 0730 UTC Day 3 Severe Thunderstorm Outlook

    Updated: Tue May 27 07:21:34 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 270721

    Day 3 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0221 AM CDT Tue May 27 2025

    Valid 291200Z – 301200Z

    …THERE IS A MARGINAL RISK OF SEVERE THUNDERSTORMS ACROSS PARTS OF
    THE SOUTHERN HIGH PLAINS…SOUTHERN ROCKIES AND SOUTHEAST…

    …SUMMARY…
    A marginal severe threat is expected on Thursday over parts of the
    southern High Plains, southern Rockies, and Southeast.

    …Southern High Plains/Southern Rockies…
    Northwesterly mid-level flow will be in place across much of the
    High Plains on Thursday, as a trough moves southeastward through the
    central Plains. At the surface, an axis of low-level moisture will
    likely be located from eastern New Mexico northward into southern
    Colorado. As surface heating takes place, isolated to scattered
    thunderstorms are expected to develop in the higher terrain, with
    the storms moving eastward into the lower elevations in the
    afternoon. Although instability is forecast to remain weak, lapse
    rates will be steep, and deep-layer shear could be strong enough for
    a marginal severe threat. Hail and isolated severe wind gusts will
    be possible.

    …Southeast…
    A broad low-amplitude cyclonic flow pattern is forecast across the
    Southeast on Thursday. At the surface, a moist airmass will be
    located along the Gulf Coast from Texas to Florida. Model forecasts
    suggest that scattered thunderstorms will develop in the Gulf Coast
    states early in the day as surface temperatures warm. The greatest
    convective coverage should be located along or near zones of focused
    low-level convergence. In spite of a lack of large-scale ascent, a
    few marginally severe storms could develop as low-level lapse rates
    become steep during the day. Severe gusts would be the primary
    threat.

    ..Broyles.. 05/27/2025

    CLICK TO GET WUUS03 PTSDY3 PRODUCT

    NOTE: THE NEXT DAY 3 OUTLOOK IS SCHEDULED BY 1930Z

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    MIL OSI USA News

  • MIL-OSI USA: SPC May 27, 2025 0600 UTC Day 2 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 270558

    Day 2 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1258 AM CDT Tue May 27 2025

    Valid 281200Z – 291200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS ACROSS PARTS OF
    THE SOUTHERN HIGH PLAINS…

    …SUMMARY…
    Isolated large hail and severe wind gusts will be possible in parts
    of the southern High Plains Wednesday afternoon and evening.
    Marginally severe storms will be possible over part of the central
    High Plains, and from the southern Plains into the Southeast.

    …Southern High Plains…
    At mid-levels, convergent flow from the northwest and west will be
    place across the southern Plains on Wednesday. At the surface, an
    area of high pressure is forecast over the central Plains. To the
    south of the anticyclone, a post-frontal airmass will gradually
    modify as moisture begins to return northward over parts of the
    southern Plains. Moderate instability is expected to develop over a
    few areas from central and east Texas into western Louisiana. Over
    this modifying airmass, any severe threat is expected to be
    marginal.

    Further west into parts of the southern High Plains, convective
    initiation is expected during the early afternoon in the higher
    terrain of eastern New Mexico and far west Texas. The storms will
    gradually move eastward toward an axis of moderate instability.
    Forecast soundings early Wednesday evening near the instability axis
    have 0-6 km shear near 30 knots, with 700-500 mb lapse rates
    approaching 8 C/km. This could be enough for isolated large hail and
    severe wind gusts, associated with strong updrafts that develop in
    the afternoon and evening.

    Northward into central and eastern Colorado, thunderstorms are
    expected to develop in the higher terrain and move eastward into the
    central Plains. Weak instability, sufficient deep-layer shear and
    steep lapse rage could be enough for a marginal severe threat.

    …Southeast…
    West-southwesterly flow at mid-levels is forecast over the Southeast
    on Wednesday. At the surface, a moist airmass will likely be in
    place from the lower Mississippi Valley eastward into the eastern
    Gulf Coast states. As surface temperatures warm, isolated to
    scattered thunderstorm development is expected along zones of
    maximized heating, and near focused areas of low-level convergence.
    Although large-scale ascent and deep-layer shear should be weak, the
    thermodynamic environment may be enough for marginally severe wind
    gusts with the stronger multicells.

    ..Broyles.. 05/27/2025

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  • MIL-OSI USA: SPC May 27, 2025 0600 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

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    May 27, 2025 0600 UTC Day 1 Convective Outlook

    Click to see valid 1Z – 12Z Day 1 Convective Outlook

    Updated: Tue May 27 05:42:56 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 270542

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1242 AM CDT Tue May 27 2025

    Valid 271200Z – 281200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS ACROSS PARTS OF
    THE SOUTHERN PLAINS AND SOUTHEAST…

    …SUMMARY…
    Scattered strong to severe storms are expected across parts of the
    southern Plains and over portions of the Southeast. Hail and wind
    are the primary threats.

    …Southern Plains…

    Large-scale pattern will change little through the upcoming day1
    period, and remains bifurcated with a distinct southern stream
    extending from northern Mexico into the Gulf States. Latest model
    guidance suggests at least one notable weak short-wave trough will
    approach the Big Bend later this evening. Water-vapor imagery
    depicts this feature near the northern Baja Peninsula. As this
    feature approaches far west TX, southeasterly boundary-layer flow
    will force higher moisture deep into the Big Bend. Ongoing
    convection across south central TX should also contribute to this
    westward push of low-level moisture. Strong surface heating west of
    this returning moisture will allow convective temperatures to easily
    be breached and isolated robust convection is expected to develop
    after 21z, both across the higher terrain of west TX into northeast
    Mexico west of DRT. While 500mb flow is not forecast to be that
    strong, forecast soundings suggest slow-moving supercells are
    possible. Very large hail is the most likely severe threat. Some
    increase in the LLJ is expected during the latter half of the
    period. This may encourage one or more MCS-type complexes near the
    international border.

    …Southeast…

    Slow-moving MCS has matured over south central into southeast TX.
    This complex will forward propagate into the lower MS Valley by
    sunrise. A weak short-wave trough is likely affiliated with this MCS
    and some increase in mid-level flow is expected across MS into GA by
    mid day, which should aid potential convective organization. While
    some weakening may be noted early in the period, boundary-layer
    heating will aid destabilization and new updrafts should develop
    along the leading convective outflow. A few weak supercells are
    possible, but the primary storm mode should be mixed with clusters
    and line segments. This favors damaging winds, though some hail can
    not be ruled out.

    ..Darrow/Thornton.. 05/27/2025

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  • MIL-OSI Asia-Pac: President Lai meets delegation from European Parliament

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

    Details
    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI: The Eclipse Foundation and the Adoptium Working Group Announce the Latest Eclipse Temurin Open Source Java SE Runtime

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS, May 27, 2025 (GLOBE NEWSWIRE) — The Eclipse Foundation, a leading open source foundation, in collaboration with the Adoptium Working Group, today announced the latest release of Eclipse Temurin’s Java SE runtime. As organisations around the world reevaluate their approach to Java, given recent changes in licensing and support costs, Eclipse Temurin continues to see incredible growth, having just surpassed 600 million downloads, rapidly approaching double the 380 million recorded at this time last year. This release improves stability, security, and platform coverage, including updates to Windows AWT behavior, Docker image cleanup, and expanded support for AIX ppc64 systems. These updates reinforce Temurin’s focus on platform relevance, modernisation, and enterprise-grade stability.

    “Eclipse Temurin’s incredible growth reflects a clear shift in how enterprises are managing their Java enterprise application infrastructure. Organisations are seeking secure, high-quality, open source, and vendor-neutral alternatives, and Temurin delivers just that,” said Mike Milinkovich, executive director of the Eclipse Foundation. “With this latest release, we’re continuing to deliver the quality and assurance organisations expect from commercial offerings, while also introducing new ways for the community to support and sustain this momentum.”

    The latest Eclipse Temurin release (8u452, 11.0.27, 17.0.15, 21.0.7, 24.0.1) includes:

    • Reverted AWT headless detection on Windows to avoid regressions.
    • Removed outdated Docker images for Windows ServerCore & NanoCore (1809).
    • Added AIX ppc64 support for JDK 24, improving enterprise platform reach.
    • Delayed Windows aarch64 build for JDK 24 due to unresolved test issues.

    In addition to the latest release, the Adoptium Working Group is also introducing two related initiatives to educate enterprises and ensure Eclipse Temurin’s continued growth remains sustainable. First, the Working Group released a new ROI calculator that helps organisations quantify the financial impact of switching to open source Java, with enterprises reporting average annual savings of over $1.6 million after migrating from paid Java SE options to open source solutions like Eclipse Temurin. The Working Group also launched the Temurin Sustainer Program, which encourages reinvestment in the technology infrastructure that powers mission-critical Java workloads.

    The Eclipse Temurin Sustainer Program invites enterprises benefiting from Temurin to contribute a portion of their savings back into the project. Contributions are not required, and supporters can choose from several flexible funding tiers based on their estimated savings and scale of usage. These funds support faster releases, security maintenance, and expanded test infrastructure. The Temurin ROI calculator, available here, provides personalised estimates of Java support cost savings for organisations of any size.

    The Temurin Sustainer Program is not just about cost efficiency but also about supporting one of the most critical elements of an enterprise’s technology stack. For enterprises relying on open source solutions like Eclipse Temurin, this program enables them to optimise their investment in Java and contribute to the broader innovation driving this ecosystem forward.

    The Eclipse AQAvit project is a prime example of how the Temurin Sustainer Program will continue to drive innovation, enabling smarter automation, better test coverage, and faster delivery across Java SE runtimes. Eclipse AQAvit™ is the quality and runtime branding evaluation project for Java SE runtimes and associated technology. During a release, it takes a functionally complete Java runtime and ensures that all the additional qualities are present that make it suitable for production use. Interested parties can learn about new and upcoming features here.

    About the Adoptium Working Group
    The Adoptium Working Group promotes and supports secure, high-quality, TCK-certified runtimes and associated technologies, backed by 84 dedicated contributors and 11 member companies, including Java ecosystem leaders and enterprise users. The Strategic Members of the Adoptium Working Group include Alibaba Cloud, Azul Systems, Google, Microsoft, Red Hat, and Rivos. The Adoptium Marketplace extends this leadership role and gives even more organisations a means of distributing their binaries.

    If your organisation is interested in participating in the Adoptium Working Group, you can view the Charter and Participation Agreement or email us at membership@eclipse.org. Companies can also participate as sponsors. Both membership and sponsorship help assure the sustainability of the Adoptium Working Group and certified open source runtimes for the developer community.

    About the Eclipse Foundation
    The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and edge applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 300 members. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.
    Third-party trademarks mentioned are the property of their respective owners.

    Media contacts:
    Schwartz Public Relations (Germany)
    Gloria Huppert/Marita Bäumer
    Sendlinger Straße 42A
    80331 Munich
    EclipseFoundation@schwartzpr.de
    +49 (89) 211 871 -70/ -62

    514 Media Ltd (France, Italy, Spain)
    Benoit Simoneau
    benoit@514-media.com
    M: +44 (0) 7891 920 370

    Nichols Communications (Global Press Contact)
    Jay Nichols
    jay@nicholscomm.com
    +1 408-772-1551

    The MIL Network

  • MIL-OSI: Malaysia AI Workshop Led by Strategic Partner Spotlights Strong Demand for GPTBots’ Enterprise AI Solutions

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, May 27, 2025 (GLOBE NEWSWIRE) — A high-impact AI workshop hosted by Zanroo Malaysia Sdn. Bhd., a key strategic partner of GPTBots.ai, highlighted strong enterprise demand for practical AI solutions in Southeast Asia and demonstrated the GPTBots platform’s significant overseas market potential. The “Enabling the Future: Your Enterprise AI Journey Starts Here” event achieved an 81% attendance rate among senior business and IT leaders, indicating robust market readiness.

    The workshop successfully demonstrated the tangible value of AI, powered by GPTBots’ capabilities, moving beyond theory to real-world application.

    Workshop Highlights – GPTBots Platform Gains Traction with Key Industries:

    • Real-World AI in Action: Live demonstrations of GPTBots-powered solutions, such as ERP+CRM automation, instant multi-language customer service bots, and real-time analytics, drew strong interest from attendees.
    • Industry Engagement: Leaders from banking, retail, healthcare, and IT sectors experienced hands-on use of the no-code GPTBots platform, recognizing its ease of use and rapid deployment for their business needs.
    • Ecosystem-Powered Scalability: The event highlighted how GPTBots’ robust platform and partner-centric model, exemplified by Zanroo, enable enterprises to quickly deploy tailored AI agents and accelerate digital transformation.

    The enthusiastic response from key industry decision-makers in Kuala Lumpur affirms the effectiveness of GPTBots’ no-code platform and global partnership strategy, strengthening our resolve to expand internationally. In collaboration with partners such as Zanroo, GPTBots will continue to support enterprises worldwide in leveraging AI for transformative growth.

    About GPTBots.ai
    GPTBots.ai is a leading no-code AI agent platform, enabling enterprises worldwide to rapidly deploy AI solutions across diverse business scenarios. With industry-specific templates, multi-language support, and end-to-end delivery, GPTBots empowers businesses to simplify processes and unlock growth.

    About Zanroo Malaysia
    Zanroo, a Data Technology company, leverages online, offline, and real-time data to help businesses overcome challenges. Building on this foundation, Zanroo Malaysia provides data insights via its Data Analytic Hub and optimizes operations with proprietary tools, offering core Enterprise services like Social Listening, Monitoring, Community Management & Social Research.

    Media Contact:
    Silvia
    Senior Marketing Manager
    marketing@gptbots.ai

    The MIL Network

  • MIL-OSI: Cardano Foundation and Switzerland for UNHCR cooperate in Industry-First ETP That Funds Refugee Support Through Crypto Staking, Geneva, Switzerland

    Source: GlobeNewswire (MIL-OSI)

     With over 100 million people forcibly displaced worldwide, the humanitarian system faces unprecedented challenges in funding essential services. In response, an innovative financial product—the Cardano Impact for UNHCR ETP (CASL)—launches on 28 May on the SIX Swiss Exchange, creating a bridge between institutional capital and humanitarian relief through blockchain.

    The CASL ETP (Ticker: CASL | ISIN: CH1327686056) is the first-ever regulated exchange-traded product that converts blockchain staking rewards into continuous funding for UNHCR, the UN Refugee Agency. The product offers investors exposure to Cardano (ADA), while automatically donating 100% of staking rewards—not principal—toward field operations supporting refugees across over 135 countries, including Syria, Sudan, and Venezuela.

    “This launch represents a world first in sustainable finance and humanitarian aid,” said Oliver Anselmo, Deputy Executive Director at Switzerland for UNHCR. “It transforms passive investment returns into a recurring, scalable stream of support for people who have lost everything.”

    Quantifying Impact

    Based on current ADA staking yields (~3.5% APY) and projections of initial fund inflows, the CASL ETP could generate $1.5 to $2 million in annual donations with $50 million in assets under management—funds that directly power UNHCR’s emergency response and innovative refugee programs.

    Industry-First Technical and Regulatory Design

    Structured by issuance.swiss AG and operated under Swiss regulatory approval, CASL is physically backed 1:1 by ADA, with a 1.5% management fee. It bypasses crypto-native complexities through a familiar ISIN, allowing institutions to invest using USD, EUR, or CHF—with no wallets, private keys, or blockchain knowledge required.

    “CASL is an industry-first that merges full regulatory compliance, institutional-grade staking infrastructure, and humanitarian aid in one product,” said Laurent Kssis, CIO at issuance.swiss AG. “We’ve eliminated the operational barriers—from fiat on-ramps to staking—and embedded impact at the protocol layer of capital allocation.”

    Powered by Trusted Partners

    Custody and staking are operated by Taurus SA, a FINMA-regulated securities firm and leader in digital asset infrastructure, based in Geneva, Switzerland. ADA contributions to the underlying stake pool include 3.5 million ADA from the Cardano Foundation, alongside more than 200 delegations of holdings from the HOSKY team and their fans for a total amount of 6.3 million ADA, underscoring community trust and sustainability.

    “Our infrastructure secures the ADA and operates staking pools to maximize both yield and impact,” said Lamine Brahimi, Managing Partner at Taurus SA. “We are extremely proud to extend our partnership with UNHCR for Switzerland and with Cardano, and to demonstrate how innovation can be a force for good by providing support to forcibly displaced people.”

    Why Cardano? Why UNHCR?

    From funding streams to digital ID, one thing is clear: blockchain has the potential to be a great leveler, providing innovative ways of solving some of the administrative problems that make seeking refuge even harder. With the technology and use cases now at a stage where they have the capacity to substantially facilitate daily operations, the widespread adoption of humanitarian blockchain solutions must become one of the industry’s key priorities,” said Frederik Gregaard, CEO of the Cardano Foundation.

    Cardano currently ranks among the top 10 cryptocurrencies by market cap (~$22 billion), with ADA priced at approximately $0.62 as of May 2025. Its proof-of-stake consensus, peer-reviewed architecture, and environmental efficiency make it uniquely suited for mission-critical applications.

    The Bigger Picture

    This model is already drawing attention from other humanitarian and philanthropic entities.

    “We believe this model can and should be replicated,” added Pavel Izmaylov, CEO of issuance.swiss AG. “Discussions are already underway to launch additional impact-linked ETPs supporting education, climate resilience, and public health within the next 6 to 12 months.”

    An early institutional investor Florian Volery, Liqwid.Finance, commented: “CASL gives us ADA exposure, recently included in US Fed Reserve digital assets and the only blockchain never experienced any technical outage, while automatically contributing to one of the most urgent causes of our time—it’s smart capital at its best.”

    Product Summary

    • Name: Cardano Impact for UNHCR ETP (CASL)
    • Ticker: CASL | ISIN: CH1327686056
    • Launch Date: May 28, 2025
    • Exchange: SIX Swiss Exchange
    • Management Fee: 1.5%
    • Custodian & Staking Operator: Taurus SA
    • Currency: USD / EUR / CHF
    • Underlying: 100% physically backed Cardano (ADA)

    About UNHCR
    UNHCR, the UN Refugee Agency, protects and assists people forced to flee due to conflict and persecution. Operating in over 135 countries, UNHCR delivers life-saving aid and solutions to refugees and stateless people.

    About Switzerland for UNHCR

    Switzerland for UNHCR is the national partner of the UN Refugee Agency for Switzerland and Liechtenstein. Its mission is to support UNHCR’s mission by mobilizing essential resources and raising awareness on behalf of those who are forced to flee.   

    About Cardano Foundation
    The Cardano Foundation advances Cardano’s global adoption and is committed to unlocking blockchain for good. It stewards the development of the Cardano protocol and ecosystem.

    About issuance.swiss AG
    issuance.swiss AG is a Swiss-based issuer of regulated digital asset products, pioneering accessible, transparent, and socially impactful investment structures.

    About Taurus SA
    Taurus SA provides regulated infrastructure for digital assets, enabling custody, tokenization, and staking services trusted by top-tier institutions.

    For media inquiries:
    press@issuance.swiss
    media@cardanofoundation.org
    UNHCR/Switzerland for UNHCR: alvaro.cosi@unrefugees.ch
    press@taurusgroup.ch

    Disclaimer 
    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan.This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. This document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iv) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (v) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The approval of the 2024 Base Prospectus (EU) should not be understood as an endorsement by the FMA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the 2024 Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities.

    The MIL Network

  • MIL-OSI Global: 10 years ago Kenya set out to fix gender gaps in education – what’s working and what still needs to be done

    Source: The Conversation – Africa – By Benta A. Abuya, Research Scientist, African Population and Health Research Center

    The Kenyan government launched a big attempt in 2015 to promote gender equality in and through the education sector. This was guided by principles of equal participation and inclusion of women and men, and girls and boys in national development.

    The Education and Training Sector Gender Policy aligned with national, regional and global commitments. This included the constitution, and Sustainable Development Goals 4 on quality education and 5 on gender equality.

    Years later, however, it became clear that the government wasn’t achieving some policy’s objectives. Gaps remained in reducing gender inequalities in access, participation and achievement at all levels of education.

    The government decided to review the causes of these challenges and what could be done differently.

    This led to a two-year joint study in partnership with the African Population and Health Research Center. The study began in 2022. Its overall objective was to provide evidence for action on mainstreaming gender issues in basic education in Kenya. Gender mainstreaming generally refers to being sensitive to gender when developing policies and curricula, governing schools, teaching and using learning materials.

    The study specifically aimed to:

    1. examine how the teacher-training curriculum prepares teachers to implement gender mainstreaming strategies within the basic education sector

    2. examine how gender mainstreaming is practised in classrooms during teaching and learning

    3. assess the relationship between teaching practices and students’ attendance, choice of subjects and academic performance

    4. evaluate the availability of institutional policies, practices and guidelines to mainstream gender issues and the extent to which they influence gender mainstreaming in education.

    I’m a gender and education researcher and was part of the team from the African Population and Health Research Center that collected data for the policy review. This data came from 10 counties with high child poverty rates and urban informal settlements. These indicators highlight an inability to access one or more basic needs or services.

    The study involved teacher trainers and trainees. We also spoke to education officials, and learners in primary and secondary schools. We carried out classroom observations, knowledge and attitude surveys, questionnaires, key informant interviews and focus group discussions.




    Read more:
    6 priorities to get Kenya’s curriculum back on track – or risk excluding many children from education


    The data showed gaps in teacher training, as well as institutional and teaching practices at the basic education level. Policy wasn’t being carried through in practice.

    The gaps

    Our study found that Kenya needs to review its teacher education curriculum to make it more gender responsive.

    Teachers also need more training to follow practices that are gender responsive. These practices include extending positive reinforcement to girls and boys, maintaining eye contact and allowing learners to speak without interruption.

    Deliberate steps should be taken to ensure that schools and teacher training colleges are gender inclusive in their practices, guidelines and programmes.

    More specifically, our study found:

    • Teacher trainees had a relatively good understanding of gender-equitable teaching and learning practices. But there was a need to place greater importance on this in lesson planning and in supporting girls in science, technology, engineering and mathematics (STEM).

    • Gender mainstreaming is not built into the teacher training curriculum. It isn’t taught as a standalone unit. Teacher trainees learnt about it mainly from general courses, such as child development and psychology, or private training. And teacher trainees were unaware that they were being tested on this.

    • There were no significant gender differences in how teachers in pre-primary and primary school taught boys and girls. At the secondary level, however, teachers engaged boys more than girls during during literacy and STEM lessons.

    • At both primary and secondary levels, gender-equitable practices positively influenced learning outcomes in English and STEM subjects. These practices improved academic performances in English at the primary level. They led to improvements in biology, English, mathematics and physics at the secondary level.

    • The odds of school attendance increased if teachers treated boys and girls in equitable ways.

    • The odds of boys selecting chemistry and physics at the secondary level increased if the teacher of the subject was approachable and if the subject was considered applicable to future careers.

    • More than 40% of primary and secondary schools didn’t have guidelines on sexual harassment and gender-based violence for teachers and students. And most of the schools that said they had these guidelines couldn’t provide them to the research team. These guidelines help mainstream gender issues in schools and communities.

    What next

    To advance gender equality, Kenya must move beyond policy awareness. It must be more responsive to gender in teacher training, classroom practices and institutional leadership.

    Our study recommends:

    • creating a positive and inclusive learning environment where both boys and girls feel valued, capable, and motivated to learn

    • teaching gender mainstreaming as a standalone unit, or integrating it into the teaching methodology

    • coaching, mentorship and modelling of best practices to trainee teachers

    • financial support for gender mainstreaming in all areas of teacher education

    • encouraging girls to pursue STEM subjects and careers at an early age through formal mentorship programmes

    • encouraging and empowering women teachers and parents to take up leadership positions in schools to provide role models for students.




    Read more:
    Kenya’s decision to make maths optional in high school is a bad idea – what should happen instead


    Our findings offer a critical evidence base for the education ministry and other stakeholders. They should put accountability mechanisms in place.

    Only through sustained, data-driven action can Kenya achieve a truly inclusive and equitable education system.

    Benta A. Abuya 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. 10 years ago Kenya set out to fix gender gaps in education – what’s working and what still needs to be done – https://theconversation.com/10-years-ago-kenya-set-out-to-fix-gender-gaps-in-education-whats-working-and-what-still-needs-to-be-done-255400

    MIL OSI – Global Reports

  • Why Grassroot Leadership is Important for India and the Modi Government’s Vision in Facilitating the same.

    Source: Government of India

    Source: Government of India (4)

    Grassroots leadership refers to the vision, action and success that emerges from the local levels, often in communities or organizations, rather than from top-tier or centralized authorities. It involves ordinary people stepping up to address issues that directly affect their lives, using their unique insights and experiences to drive a significant change – which impacts not only their immediate surroundings but the people at large. This type of leadership invents new systems from ground zero, because adversities are many and resources are scanty.

    Grassroots leadership is crucial for a country because it fosters solutions that are more personalized and customized with reference to the sensitivities of the people, having acknowledged the first-hand experiences of dealing with the problems. The policies and decisions under such leadership are more in sync with the needs and priorities of the target users, rather than being formulated by distant, detached bosses. This kind of leadership promotes self-sufficiency where people are empowered to identify and resolve their own problems, while raising a network group dedicated to the cause. It also improves social equity by giving marginalized or underrepresented groups a voice and a platform. Grassroots leaders build trust and solidarity within their communities, creating a more resilient society. When communities learn to lead change from within, it involves people directly in the shaping of their future.

    Grassroots leadership in India has evolved significantly from ancient times to the present day, reflecting the country’s changing social, political, and economic landscape. In ancient India, village councils, or panchayats, played a crucial role in self-governance, with elders and community leaders making collective decisions. These decentralized governance systems were deeply rooted in local traditions and ensured community participation. During the colonial period, grassroots leadership took on a resistance role, as leaders like Mahatma Gandhi mobilized people through movements such as Satyagraha and Swadeshi, emphasizing self-reliance and local empowerment. Post-independence, India institutionalized grassroots leadership through the 73rd and 74th Constitutional Amendments in 1992, which strengthened Panchayati Raj institutions and urban local bodies, giving power to local representatives, including women and marginalized groups. 

    Women have been at the forefront of grassroots leadership, often playing pivotal roles in community-building and social change. Their contributions however, frequently go unnoticed and undervalued. Women’s presence as grassroot visionaries are powerfully reflected in the ancient culture and history of India. Both the Ramayana and the Mahabharata introduce female characters playing pivotal roles in shaping events, often through resilience, wisdom, and influence at the community or familial level. In the Ramayana, Sita expresses agrarian expertise and herbal knowledge while she was in exile. Shabari, a tribal woman, demonstrates unwavering faith and service, engaged in gathering fruits and berries. Damayanti and Draupadi, in the Mahabharata, became servants at other’s kingdoms demonstrating their adaptations to economic hardships or adverse conditions. While Hidimbi and Satyabhama were war-trained agro experts, Gargi, Maitreyi and Sulabha took up the roles of teachers and scholars. Kunti, Gandhari and Draupadi guided their men through political and existential dilemmas, questioning injustice and lawlessness, ultimately influencing the course of history. 

    Given that we are the descendants of such a strong and able society, it is only obvious that women’s grassroots leadership in India would be powerfully rooted in empathy, inclusivity, and long-term sustainability. Other than the women-led businesses that contribute to the GDP directly, women are often the driving force behind social movements focused on justice, peace, and human rights which cleanse a society and raise better individuals, thus multiplying the number of capable contributors who can make direct contributions to the GDP. Examples are Jumde Yomgam Gamlin fighting against substance abuse in Arunachal Pradesh, Bharatanatyam artist Dr. Narthaki Nataraj spreading the message for gender equality, Moirangthem Muktamani Devi from Manipur initiating a knitted shoe-start up, uplifting knitting from its women’s hobby status and simultaneously making her way out of poverty, and many others. By recognizing and supporting the leadership of women at the grassroots level, who have made their way up battling systemic barriers and unequal access to opportunities, societies can unlock tremendous potential for social and political transformation.

    India was always a land of great leaders operating from the grassroots. What had been lacking over a long period of time was their recognition. Right from the beginning of its tenure in 2014, the Modi government had focussed on rerouting towards its roots because the world is standing at the threshold where every moment would usher a gigantic change. The model was clear. In order for the top leadership of the country to face larger storms before taming and integrating new policies and regulations into the Indian business scenario, the support of the grassroot leaders would be very essential in maintaining a healthy social and economic movement for the citizens!

    Today, grassroots leadership in India has expanded beyond governance into social activism, environmental movements, and digital advocacy, with local leaders addressing issues like climate change, gender equality, and rural development. The rise of social entrepreneurship and technology-driven initiatives has further amplified grassroots leadership, making it more inclusive and dynamic. This is increasingly vital for sustainability in the present and future, especially as rapid technological advancements and climate change are expected to disrupt the traditional ways of life. With global automation and artificial intelligence revolutionizing industries, many conventional jobs, particularly in agriculture, manufacturing, and services, will increasingly face obsolescence. This shift threatens the livelihoods of millions, especially in rural and semi-urban areas, making localized leadership essential for retraining, skill development, and economic adaptation. Grassroots leaders play a key role in preparing communities for this transformation by challenging stagnation of the masses and promoting new dreams through embracing digital literacy, fostering entrepreneurship, and encouraging sustainable employment opportunities that align with emerging industries.

    At this juncture, the world along with India is facing severe climate challenges, including unpredictable monsoons, rising temperatures, and extreme weather events that threaten agriculture, water security, and infrastructure. Grassroots leadership is critical here in mobilizing communities for climate adaptation, implementing sustainable practices, promoting water conservation, and developing disaster-resilient infrastructure. Local leaders, often deeply connected with their environments, can drive impactful change by integrating indigenous knowledge with modern solutions. India being a huge country with diverse culture, it would be difficult for a centralized system to address the exponentially growing concerns of the vast population. Growth of grassroots leaders ensures decentralized, community-driven, innovative and people-centric governance – stabilizing the effects of automation and ecological uncertainties. 

    The Modi government has undertaken numerous schemes and development initiatives to empower grassroots leadership across India, fostering local governance, entrepreneurship, and community-driven progress. Recognizing that true development stems from the empowerment of people at the ground level, these initiatives aim to equip individuals with the necessary skills, resources, and platforms to lead change in their communities, both in remote rural areas and urban centers. One of the most significant steps in this direction has been the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), which focuses on mobilizing rural women into self-help groups (SHGs) to enhance their economic participation. By providing financial assistance, skill training, and market linkages, this initiative has empowered millions of women to emerge as local leaders in micro-entrepreneurship. The government has also promoted StartUp India and StandUp India, encouraging young entrepreneurs, including women and marginalized communities, to establish innovative businesses, ensuring a culture of self-reliance and leadership at the grassroots level. In governance, the Gram Panchayat Development Plan (GPDP) and the Panchayati Raj System Digitization aim to strengthen local self-governance by integrating digital tools, transparency, and community-driven decision-making. The 73rd Constitutional Amendment has been further reinforced with increased financial grants and capacity-building programs, ensuring that local leaders can effectively plan and implement development projects. Additionally, the Rashtriya Gram Swaraj Abhiyan (RGSA) has been instrumental in enhancing the capabilities of panchayat leaders through leadership training and technological integration, fostering accountable and efficient governance. Recognizing the importance of urban grassroots leadership, initiatives like the Smart Cities Mission and AMRUT (Atal Mission for Rejuvenation and Urban Transformation) encourage local urban bodies to take an active role in planning sustainable and technologically advanced cities. These programs prioritize participatory governance, where local communities and leaders contribute to urban planning, infrastructure development, and environmental sustainability. Another major initiative strengthening grassroots leadership is the PM Kisan Samman Nidhi, which provides direct income support to farmers, ensuring economic stability and empowering them to adopt innovative agricultural practices. Complementing this is the Fasal Bima Yojana, which secures farmers against climate uncertainties, allowing them to take calculated risks and lead agricultural advancements. Similarly, the Jal Jeevan Mission empowers village-level committees to oversee water supply management, ensuring sustainable water access in remote areas through decentralized governance.

    Women’s leadership at the grassroots level has been specifically encouraged through the Beti Bachao Beti Padhao scheme, which not only promotes female education but also fosters leadership among young girls. Likewise, the Mahila E-Haat initiative provides a digital marketplace for women entrepreneurs, strengthening their financial independence and influence within their communities. Programs like Digital India and Skill India have further enabled grassroots leaders to integrate modern technology into local governance, small businesses, and educational initiatives. The PM SVANidhi Yojana, supporting street vendors with easy credit access, has also uplifted informal sector entrepreneurs, making them active contributors to urban economies.

    The Modi government achieved 100% electrification of India through initiatives like Saubhagya Yojana, bringing power to even the remotest villages. This milestone has transformed lives by boosting education, healthcare, and businesses, ensuring energy access for all, fostering economic growth, and enhancing India’s global standing in sustainable development and infrastructure advancement. The Digital India initiative by the Modi government has revolutionized governance, economy, and daily life through increased internet penetration, digital payments (UPI), e-governance, and Aadhaar-linked services. It has empowered citizens, boosted startups, enhanced transparency, and made services more accessible, driving India toward a digitally inclusive and self-reliant future. The financial push offered through UPI, Jan Dhan Yojana, and MSME digital lending has empowered small businesses by ensuring easy transactions, financial inclusion, and quick credit access. This has reduced dependency on cash, increased transparency, and boosted economic growth, making India a global leader in fintech innovation.

    Through these initiatives and more, the Modi government is creating an environment where grassroots leaders—whether in villages, towns, or metropolitan areas—are equipped with resources and skills to drive change. This holistic approach ensures that leadership is not concentrated at the top but flourishes at every level, securing a resilient and innovative future for India. The call for action at local and individual levels has also been topped with fair recognition systems to celebrate the front-runners and inspire others to follow suit. The transformation of the Padma Awards into a “People’s Award,” where citizens can nominate deserving individuals through a democratic process, plays a significant role in that vision. Traditionally perceived as honors reserved for elites, bureaucrats, or celebrities, the Modi government has repositioned these awards to recognize the contributions of unsung heroes—ordinary individuals making extraordinary impacts in their communities. This shift not only elevates grassroots leaders but also creates a ripple effect, inspiring millions to take initiative in their own spheres.

    By celebrating success stories of farmers innovating in agriculture, social workers uplifting marginalized communities, artisans preserving cultural heritage, and environmentalists leading conservation efforts, the Padma Awards highlight real-life examples of leadership that emerges from the urban, rural and remote geographies. These stories showcase how dedication, resilience, and ingenuity can drive meaningful change, regardless of formal authority or social status. When local leaders, who often work in anonymity, receive national recognition, it reinforces the idea that transformative contributions are valued and acknowledged by the nation. Also, making the nomination process open to the public allows citizens to identify and elevate role models from their own communities, fostering a sense of collective responsibility toward nation-building. By honoring individuals from remote villages, tribal communities, and lesser-known professions, the awards challenge traditional notions of success, promoting a broader, more inclusive definition of leadership. In the era of remarkable changes, it is only obvious for the citizens of the country to participate and take ownership of change, instead of staying detached, ensuring the spirit of nation-building is a shared emotion across every corner of the country.

    (Koral Dasgupta is an accomplished author and content curator with over 20 years of experience. Her diverse work spans academic non-fiction to relationship dramas, focusing on gender narratives and complex human emotions. Koral founded Tell Me Your Story, a platform that uses literature to inspire social engagement and drive behavioral change for inclusion and diversity. She designs and executes learning programs, conducts writing workshops, and curates content for events focused on gender and mythology. Koral has been an advisory member of the Central Board for Film Certification.

    She holds an MBA in Marketing and a BA in Economics. With her qualifications, she continues to explore the journeys of mythological women further through the lenses of spirituality, leadership, and sexuality, and her Sati Series is widely acclaimed across the circles. Her notable achievements include being shortlisted for the Sahitya Academy Awards in 2023, securing a five-book contract with Pan Macmillan, and cataloging her books in prestigious libraries such as Harvard and Columbia University. Her works have earned her recognition as an Innovator25 Asia Pacific in 2019 and a spot in Outlook Business’ Women of Wonder list. Koral continues to weave narratives that empower voices, inspire change, and reshape perspectives on gender and human connection.)

  • MIL-OSI Economics: Secretary-General of ASEAN holds bilateral meeting with President of AIIB

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today held a bilateral meeting with President of the Asian Infrastructure Investment Bank (AIIB), H.E. Jin Liqun, on the sidelines of the 46th ASEAN Summit and Related Summits, in Kuala Lumpur, Malaysia.
     
    The meeting exchanged views on key initiatives such as the ASEAN Power Grid (APG) and the development of the ASEAN Connectivity Strategic Plan, as well as other potential areas of further cooperation in infrastructure connectivity and resilience.

    The post Secretary-General of ASEAN holds bilateral meeting with President of AIIB appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI: Annexus and North American Expand Partnership With the Launch of Secure Horizon Indexed Universal Life Insurance

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz., May 27, 2025 (GLOBE NEWSWIRE) — Annexus, a leading retirement product design company, has announced its continued collaboration with North American Company for Life and Health Insurance®, one of the largest issuers of life insurance and annuity products in the United States. The two companies launched Secure HorizonSM Indexed Universal Life Insurance (Secure Horizon IUL), a breakthrough life insurance product designed to provide death benefit protection alongside a suite of supplemental retirement benefits and strong accumulation potential.

    “The launch of Secure Horizon IUL represents the next evolution of our partnership with Annexus and our shared commitment to innovation,” said Jerry Blair, president of Sammons Life Insurance Group. “Together with Annexus, we are reimagining the untapped possibilities in life insurance product design.”

    Secure Horizon IUL features strong death benefit protection and accumulation potential through index options including the S&P PRISM®Index, the best-performing live smart beta index in the IUL industry since 2018,1 and the Research Affiliates®Global Multi-Asset Index, which provides diversified exposure to global stocks, bonds and commodities while using a proprietary risk management process to manage volatility. Both indices are available in 1-, 2- and 3-year strategy terms with participation rates as high as 410%. In addition, Secure Horizon IUL will feature an S&P 500®Index Trigger strategy and a Dual Trigger Strategy that provides the opportunity to credit interest in up, flat and even some down markets.

    “We are excited to launch Secure Horizon IUL, a new product that includes some truly innovative benefits designed to help protect against major risks in retirement,” said Ron Shurts, co-founder and CEO of Annexus. “This is the first time an IUL will offer a Longevity Benefit Base that can be used to provide guaranteed lifetime income, a benefit if social security is reduced, and an enhanced death benefit that could be greater than the policy’s death benefit.”

    The SecureStage Supplemental Benefits EndorsementSM (SecureStage) is automatically included on all Secure Horizon IUL policies. SecureStage is powered by an industry-first Longevity Benefit Base that grows by 150% of the net credited interest.2 The Longevity Benefit Base can be used for any of the following three benefits:

    • LifePay Income Benefit: provides a stream of guaranteed lifetime income clients cannot outlive
    • PlanGap®Benefit: the first solution within an IUL designed to help offset a potential future reduction in social security benefits3
    • Enhanced Death Benefit: a legacy benefit that may be greater than the death benefit offered under the policy payable over five years

    Secure Horizon IUL also offers living benefits through the Accelerated Death Benefit Endorsement, which enables policyowners to use a portion of the death benefit if diagnosed with a qualifying critical, chronic or terminal illness.4, 5 Together these supplemental benefits can help address six of the major risks clients face in retirement.

    Advisors, Registered Investment Advisors (RIAs), and insurance professionals seeking access to this product should contact their Annexus-affiliated Independent Distribution Company. If you are a consumer interested in learning about Secure Horizon IUL, ask your financial professional for more information.

    About Annexus

    For nearly two decades, Annexus has developed market-leading fixed indexed annuities, registered indexed-linked annuities, and indexed universal life insurance products that help Americans grow and protect their retirement savings. The company has built strategic relationships with the industry’s top insurance carriers and some of the world’s largest investment banks. For more information, visit Annexus.

    About North American Company for Life and Health Insurance
    North American Company for Life and Health Insurance® is a member of Sammons® Financial Group, Inc. They offer a comprehensive portfolio of term and indexed universal life insurance products, as well as a wide variety of traditional fixed and fixed index annuities. Learn more about North American.

    1 Based on all 5% volatility control smart beta live performance indices in the Indexed Universal Life market as of 4/15/25. Index performance from 12/31/2017 – 12/31/2024.

    2 Net credited interest is any index credit and interest credit minus Index Credit and interest credit attributed to interest bonus on fixed interest participating loans.

    3 The PlanGap® Benefit is known as the Income Gap Benefit in the contract. The PlanGap® Benefit is not a replacement for Social Security benefits but provides a benefit designed to mitigate a reduction. For purposes of this Endorsement, reduction means a reduction in Social Security benefits due to a change implemented by the Social Security Administration or other federal law or regulation. It does not include reductions in your Social Security benefits based upon your actions (including any elections under Social Security or changes to your Social Security elections) or change in circumstances. PlanGap® is a registered trademark of PlanGap, LLC and is used pursuant to a license. The Benefit can be elected if the Income Gap Benefit Index is reduced by more than 3%. Limited to the insured’s policy age being between age 62 and 85 and waiting period of 10 years for issue ages 0-59, and 5 years for issue ages 60+.

    North American Company for Life and Health Insurance® is not affiliated with PlanGap® or the Social Security Administration. North American’s product(s) are not sponsored, endorsed, sold, or promoted by the Social Security Administration, and they make no representation regarding the advisability of purchasing of the product(s).

    4 Payment of accelerated death benefits paid under the endorsement is intended for favorable tax treatment under Section 101(g) of the Internal Revenue Code.

    5 Accelerated death benefits subject to eligibility requirements. An administrative fee may be required at the time of election. The death benefit will be reduced by the amount of the death benefit accelerated. Since benefits are paid prior to death, a discount will be applied to the death benefit accelerated. As a result, the actual amount received will be less than the amount of the death benefit accelerated.

    The “S&P 500®” and “S&P PRISM” (“the Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by North American Company for Life and Health Insurance® (“the Company”). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). It is not possible to invest directly in an index. The Company’s Product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices does not make any representation or warranty, express or implied, to the owners of the Company’s Product or any member of the public regarding the advisability of investing in securities generally or in the Company’s Product particularly or the ability of the Indices to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices’ only relationship to the Company with respect to the Indices is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to the Company or the Company’s Product. S&P Dow Jones Indices has no obligation to take the needs of the Company or the owners of the Company’s Product into consideration in determining, composing or calculating the Indices. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of the Company’s Product. There is no assurance that investment products based on the Indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser, commodity trading advisory, commodity pool operator, broker dealer, fiduciary, “promoter” (as defined in the Investment Company Act of 1940, as amended), “expert” as enumerated within 15 U.S.C. § 77k(a) or tax advisor. Inclusion of a security, commodity, crypto currency or other asset within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, commodity, crypto currency or other asset, nor is it considered to be investment advice or commodity trading advice.

    S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY THE COMPANY, OWNERS OF THE COMPANY’S PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. S&P DOW JONES INDICES HAS NOT REVIEWED, PREPARED AND/OR CERTIFIED ANY PORTION OF, NOR DOES S&P DOW JONES INDICES HAVE ANY CONTROL OVER, THE COMPANY’S PRODUCT REGISTRATION STATEMENT, PROSPECTUS OR OTHER OFFERING MATERIALS. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND THE COMPANY, OTHER THAN THE LICENSORS OF S&P DOWJONES INDICES.

    The Research Affiliates® Global Multi-Asset Index (the “Index”) is a service mark of RAFI Indices, LLC or its affiliates (collectively, “RAFI”) and has been licensed for certain use by North American Company for Life and Health Insurance® (“the Company”). The intellectual and other property rights to the Index are owned by or licensed to RAFI. Use and distribution of the Index or any included data and RAFI’s service marks requires RAFI’s written permission. This IUL (the “Product”) is not sponsored, endorsed, sold or promoted by RAFI or any of its third-party service providers or suppliers including data licensors and index calculators (“RAFI and its suppliers”).

    The Index is an excess return index and does not allocate to any interest-bearing cash rate allocations. Because of this, an excess return version of an index will have lower performance than a total return version of the same index would, especially in high interest rate environments.

    Past performance of an index is not an indicator of or a guarantee of future results. Hypothetical and simulated examples have inherent limitations and are generally prepared with the benefit of hindsight. There are often differences between simulated results and the actual results. There are numerous factors related to the markets in general or the implementation of any specific investment strategy, which cannot be fully accounted for in the preparation of simulated results and all of which can adversely affect actual results. RAFI and its suppliers make no representations or warranties regarding the advisability of investing in the Product or the ability of the Index to provide any particular market performance. RAFI is not acting as an investment adviser to you and has no fiduciary duties to you in connection with the Index or the Product. RAFI and its suppliers are not responsible for and have not participated in the (i) development, marketing, issuance or management of the Product, (ii) the determination of the timing of, prices, at or quantities of the Product to be issued, or (iii) calculation of the equation by which the Product is redeemable.

    RAFI and its suppliers have no obligation or liability to the owners of the Product and any decision to purchase or invest in the Product is at your own risk. RAFI and its suppliers obtain information from sources they consider reliable but do not guarantee the accuracy, completeness or completeness of the Index or any data included therein, all of which are provided on an “as is” basis.

    RAFI and its suppliers make no warranty as to the results that may be obtained by the Company, the Company’s customers and counterparties, owners of the Product or anyone else from the use of the Index or included data as licensed or for any other use. RAFI and its suppliers disclaim all warranties and representations, including any warranties of merchantability or fitness for a particular purpose or use, with respect to the Index or any included data. In no event will RAFI or its suppliers be liable for any damages, including direct, indirect, special, punitive and consequential damages (including lost profits), even if notified of the possibility of such damages.

    The term financial professional is not intended to imply engagement in an advisory business in which compensation is not related to sales. Financial professionals that are insurance licensed will be paid a commission on the sale of an insurance product.

    Secure Horizon IUL is issued on form P100/ICC22P100 (policy), E100/ICC22E100, E101/ICC22E101, E103/ICC22E103, E104/ICC22E104, E105/ICC22E105, E109/ICC22E109, E110/ICC22E110, E111/ICC22E111, E115/ICC24E115, E117, R100/ICC23R100, R101/ICC23R101, R102/ICC23R102, R103/ICC23R103, R106/ICC22R106, (riders/endorsements) or appropriate state variation by North American Company for Life and Health Insurance®, West Des Moines, IA. Products, features, endorsements, riders or issue ages may not be available in all states. Limitations or restrictions may apply.

    Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including North American Company for Life and Health Insurance®. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance.

    The MIL Network

  • MIL-OSI: Non-Mortgage Delinquencies Reach Levels Not Seen Since 2009

    Source: GlobeNewswire (MIL-OSI)

    – 1.4 million people in Canada missed a credit payment as refinancing and renewals dominate the Q1 Mortgage market –

    Equifax Canada Market Pulse Quarterly Consumer Credit Trends and Insights

    TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Economic uncertainty continued to impact credit usage and consumer financial health across Canada during the first quarter of 2025 according to Equifax® Canada’s latest Market Pulse Consumer Credit Trends and Insights. Total consumer debt in Canada was $2.55T at the end of Q1, up four per cent year over year, but down more than $6B from the end of 2024. Average non-mortgage debt per consumer rose to $21,859 in Q1 2025, primarily driven by a strong auto loan market as buyers looked to lock in purchases before anticipated price hikes.

    “We often observe seasonal changes in credit usage during the first quarter. Generally speaking in the spring, we tend to see mortgage debt rising, however for Q1 2025 we saw mortgage debt levels fall compared to last quarter,” said Rebecca Oakes, Vice President of Advanced Analytics at Equifax Canada.” Despite a slowdown in demand for non-mortgage debt, overall balances remained fairly flat, an indication that consumer payment levels may be falling.”

    Card spending slows but balances continue to rise
    After experiencing high numbers for new credit card openings in 2023 and 2024, the first quarter of 2025 saw a 10.3 per cent decline in new card originations. Consumers that have lower credit scores accounted for an increase in new card openings, potentially indicating heightened credit reliance and financial strain in this consumer group.

    Average monthly credit card spend1 per card holder fell by $107 dollars during Q1, dropping to the lowest level since March 2022. Ontario, British Columbia, Prince Edward Island, Nova Scotia and Yukon saw the biggest pull back in spending, dropping between six and seven per cent compared to the prior year.

    “A drop in credit card spending when combined with increased payment amounts can imply improving financial conditions of consumers,” said Oakes. “Our data shows card payment levels, especially for younger consumers, are starting to fall, indicating this spending slowdown is likely driven more by consumers trying to be prudent rather than switching from credit to debit for financing.”

    The average credit card pay rate2 decreased to 52.9 per cent in Q1, down 32 basis points. Notably, younger consumers (under 35 years old) showed a more dramatic shift, with their average pay rate falling 392 basis points from 62.9 per cent to 58.9 per cent. This same group also exhibited the greatest increase in the level of minimum payers, rising 25 basis points year-over-year.

    Mortgage growth driven primarily by renewals and refinancing
    New mortgage originations jumped 57.7 per cent year-over-year in Q1 2025, but much of this activity stemmed from renewals and refinancing. This reflects the onset of the so-called “Great Renewal,” as a wave of pandemic-era mortgages come up for renewal.

    Renewal and refinancing activity surged, particularly in Ontario, Alberta, and B.C., with an estimated 28 per cent of mortgages switching lenders as Canadians shop around and seek better rates. Almost half of those switching (46 per cent) moved between the “Big Five” banks, reflecting intense competition among major lenders.

    “The shift in the mortgage market is clear – this is currently about existing homeowners navigating a complex refinancing environment,” added Oakes. “But even as some find relief, affordability challenges haven’t eased for everyone.”

    First-time homebuyers returned to the market, with activity up 40 per cent from Q1 2024. Affordability remained a hurdle and while average monthly payments dropped by 7.8 per cent to $2,300, the average loan size increased by 7.5 per cent year-over-year.

    Debt divide deepens as missed payments rise for some
    While some consumers showed signs of prudence in their spending choices during the first quarter, missed payments continued to rise across most credit products. In total, more than 1.4 million consumers (1 in 22) missed at least one credit payment during the quarter.

    Although mortgage holders experienced some stabilization thanks to steady interest rates, financial strain remained acute for non-mortgage consumers. Consumer level delinquency rates among non-mortgage holders rose 8.9 per cent year-over-year, compared to 6.5 per cent for mortgage holders. Younger Canadians were hit hardest, with the 18–25 age group experiencing a 15.1 per cent increase in delinquency rates.

    Ontario consumers under stress
    Ontario continued to remain a hotspot for financial stress in Canada, experiencing the most pronounced increase in delinquency rates across all credit products. Ontario’s 90+ day mortgage delinquency rate rose to 0.24 per cent, a substantial 71.5 per cent increase since Q1 2024. British Columbia followed with a notable rise of 33.3 per cent, reaching 0.18 per cent, while the rest of Canada (excluding these two provinces) showed a comparatively modest increase of 3.3 per cent, reaching an average of 0.19 per cent overall.

    Ontario also led the rise in non-mortgage delinquencies, up 24 per cent year-over-year, followed by Alberta at 15.9 per cent and Quebec at 13.9 per cent.

    Significant increases for younger consumers and auto loans
    The highest credit card 90+ day delinquency rates were observed among younger consumers under the age of 26, at 5.38 per cent, a significant 21.7 per cent increase year-over-year for this group. Overall, this rate stood at 3.76 per cent, marking a 15.8 per cent increase.

    Auto loans followed a similar trend, with the delinquency rate for younger consumers rising by 30 per cent to 1.95 per cent, compared to an overall rate of 1.08 per cent, which represented a 15.3 per cent increase.

    “We’re observing positive shifts in consumer behaviour, with reduced credit card usage and early signs of delinquency stabilization for some consumers. However, headwinds will likely persist, such as rising unemployment and rising food prices, in already strained regions,” concluded Oakes.

    Age Group Analysis – Debt & Delinquency Rates (excluding mortgages)

      Average
    Debt
    (Q1 2025)
    Average Debt Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Delinquency Rate ($)
    (Q1 2025)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    18-25 $8,459 4.63% 2.17% 20.06%
    26-35 $17,394 1.14% 2.37% 21.04%
    36-45 $26,873 1.57% 1.91% 21.20%
    46-55 $34,371 2.94% 1.38% 17.53%
    56-65 $28,780 5.25% 1.15% 13.25%
    65+ $14,596 3.57% 1.13% 3.93%
    Canada $21,859 2.74% 1.60% 17.06%
             

    Major City Analysis – Debt & Delinquency Rates (excluding mortgages)

    City Average
    Debt
    (Q1 2025)
    Average Debt Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Delinquency Rate ($)
    (Q1 2025)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Calgary $23,922 1.11% 1.71% 14.25%
    Edmonton $23,547 -0.03 2.26% 18.29%
    Halifax $21,263 1.86% 1.56% 15.13%
    Montreal $16,971 2.56% 1.49% 18.52%
    Ottawa $19,501 1.16% 1.52% 22.03%
    Toronto $21,048 3.46% 2.17% 24.28%
    Vancouver $23,304 3.93% 1.28% 14.27%
    St. John’s $23,872 1.41% 1.49% 1.19%
    Fort McMurray $37,269 0.81% 2.56% 18.37%
             

    Province Analysis – Debt & Delinquency Rates (excluding mortgages)

    Province Average
    Debt
    (Q1 2025)
    Average Debt Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Delinquency Rate ($)
    (Q1 2025)
    Delinquency Rate ($) Change
    Year-over-Year
    (Q1 2025 vs. Q1 2024)
    Ontario $22,543 3.08% 1.73% 24.00%
    Quebec $18,985 2.28% 1.12% 13.95%
    Nova Scotia $21,296 2.62% 1.68% 5.72%
    New Brunswick $21,490 2.82% 1.77% 9.18%
    PEI $23,707 4.09% 1.19% 8.21%
    Newfoundland $24,770 4.02% 1.56% 0.48%
    Eastern Region $22,218 3.09% 1.65% 5.74%
    Alberta $24,398 1.00% 1.97% 15.93%
    Manitoba $18,171 3.68% 1.72% 2.04%
    Saskatchewan $23,194 2.82% 1.82% 6.24%
    British Columbia $22,631 3.33% 1.40% 12.63%
    Western Region $22,878 2.44% 1.69% 12.49%
    Canada $21,859 2.74% 1.60% 17.06%
             

    * Based on Equifax data for Q1 2025

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com


    1 average spend comparisons have been adjusted for inflation
    2 pay rate = payments / last months balance

    The MIL Network

  • MIL-OSI: Radware Recognizes Bell Canada and Presidio as Partners of the Year

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J., May 27, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, recognized Bell Canada, Canada’s largest communications company, and Presidio, a leading technology services and solutions provider, as its Partners of the Year. The annual award celebrates top performing partners that are dedicated to cyber security innovation and customer service excellence, and that have achieved exceptional business outcomes.

    “We are proud to recognize Bell and Presidio for their continued partnership and outstanding achievements,” said Yoav Gazelle, Radware’s chief business officer. “They are on the frontlines each day equipping customers with the critical cloud security solutions needed to mitigate risks and stay ahead of emerging threats to networks and applications. Together, we have created a powerful force for fighting cybercrime.”

    In addition to using Radware’s DDoS and Cloud Application Protection Services to defend their own infrastructures, Presidio and Bell offer Radware’s solutions to their customers.

    To safeguard on-premise, cloud, and hybrid environments, Presidio delivers Radware’s application and API security solutions, bot manager, and DDoS protection as part of its cybersecurity suite. Presidio has a decades-long history of building traditional IT foundations and deep expertise in AI and automation, security, networking, digital transformation, and cloud computing.

    “This award recognizes Presidio’s expertise in helping companies navigate the complexities of deploying and running an end-to-end cybersecurity solution, mitigating risk, and achieving compliance,” said Justin Tibbs, vice president, cyber security practice, at Presidio. “Our goal is to help make cybersecurity an innovation accelerator rather than a blocker, and our work with Radware plays an essential role in that approach.”

    As part of its security-as-a-service offering, Bell delivers Radware’s full cloud security stack, including Radware’s integrated Cloud Application and DDoS Protection Services.

    “Winning Radware’s Partner of the Year award for the second consecutive year is a tremendous honour,” said Errol Fernandes, Bell’s national director, solution sales – security and cloud. “Our collaboration with Radware is a key component of our approach to safeguarding our customers from web and application cyberthreats.”

    Radware’s global partner program offers ecosystem partners a lucrative and systematic approach to creating, managing, and growing sales opportunities based on Radware’s state-of-the-art cloud services and solutions. Complete with training, financial incentives, and support materials, the program rewards resellers, managed security service providers, carriers, and cloud service providers for the value they deliver throughout the customer lifecycle.

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others;  outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    Media Contact:
    Gerri Dyrek
    Radware
    Gerri.Dyrek@radware.com 

    The MIL Network

  • MIL-OSI Economics: Lisa D Cook: Opening remarks on productivity dynamics

    Source: Bank for International Settlements

    Good afternoon. Thank you for moderating, Peter. It is an honor to be with you today, and it is always great to be back at Stanford and at the Hoover Institution. I spent several formative years of my career here, including as a National Fellow, and always enjoy returning. And it is a privilege to share the panel with Dr. Schnabel, and Presidents Musalem and Hammack. I look forward to our discussion.1

    Before that, I would like to briefly discuss a topic I see as critical to the future path of the economy: productivity growth. Productivity growth has been surprisingly strong in recent years, and this has influenced my view of the appropriate stance of monetary policy. I will also explore two ongoing developments that are likely to influence productivity growth moving forward: changes to trade policy and the wider adoption of artificial intelligence (AI). Productivity dynamics are something I have long studied closely and will continue to pay careful attention to as I consider the appropriate stance of monetary policy.

    It is helpful to start by looking back about three years to the middle of 2022. At that point, the global economy had largely reopened after pandemic closures, a historic amount of federal support had been deployed, and unemployment was falling toward a half-century low. But supply disruptions persisted, and the 12-month inflation rate reached its peak at over 7 percent. The challenge for Federal Reserve policymakers was clear: Move inflation back toward its 2 percent target while maintaining the health of the labor market. The Federal Open Market Committee (FOMC), which I joined that year, began to raise the federal funds rate from near zero, ultimately reaching just above 5 percent by mid-2023. Many forecasters predicted that a recession in 2023 was more likely than not. And yet, one did not materialize. Instead, inflation came down considerably, while unemployment remained low. How did this unusual and welcome outcome happen?

    Two notable factors were the unwinding of pandemic-era conditions that previously constrained the supply of both goods and labor in conjunction with restrictive monetary policy that contributed to a moderation in aggregate demand. Today, I would like to call attention to a third factor: a greater-than-usual increase in productivity during the pandemic recovery.

    Prior to the pandemic, from 2007 to 2019, productivity growth in the business sector averaged 1.5 percent annually. In the past five years productivity growth accelerated to 2 percent. While some of the productivity gains may reflect situations unique to the reopening of the economy, it is notable that the level of productivity, as measured by output per hour, remained above trend throughout 2023 and 2024.2 This increase in productivity was partially driven by pandemic labor shortages themselves. When it was difficult to find employees, as many Americans retired or stepped out of the labor force, many businesses innovated. For example, restaurants adopted online ordering apps and retailers accelerated the implementation of self-checkout systems.3 These changes improved efficiency and contributed to an expansion in potential gross domestic product (GDP). As a result, price pressures eased from their peak while demand remained strong.

    Improved productivity is widely beneficial to the economy. It allows workers to receive pay raises without companies needing to further increase prices and helps ensure consumers have access to the products and services they demand. Furthermore, and particularly relevant to me as a monetary policymaker, a rise in potential output lessens the need to use monetary policy to slow demand. This effect is good for the obvious reason that it allows for increasing economic growth without higher inflation. But importantly, it also lowers the risk of a policy overshoot that could cause the unemployment rate to rise.

    Now that I have reviewed the role that productivity growth played in the post-pandemic recovery, I would like to focus on two countervailing forces on productivity that I am currently studying. These are changes to trade policy and the growth of AI.

    I expect to see a drag on productivity in the near term stemming from the recent changes to trade policy and the related uncertainty, for several reasons. First, uncertainty around trade policy is likely to reduce business investment going forward. At this time, firms do not know the ultimate level and incidence of tariffs or their duration. Firms contemplating large investments might observe conditions that could hold under the paradox of thrift, wondering whether they could get a better deal if they just wait. Higher costs of imported materials and components could also cause firms to delay or scale back their investment plans. This reduction in capital formation can lead to slower technological innovation and adoption and decreased overall efficiency in production processes. Second, protectionist trade policies, while intended to support domestic industries, may inadvertently lead to a less competitive environment, if they prop up less efficient firms. And third, any supply-chain disruptions resulting from the policy changes would make production slower and less efficient. These disruptions can lead to inventory mismatches, production delays, and increased costs as firms scramble to find alternative suppliers or redesign their products to accommodate new input constraints. This set of disruptions could pose a particular challenge for monetary policymakers. A reduction in potential GDP means less slack in the economy, which, in turn, means greater inflationary pressure. According to the Taylor Principle, for which no explanation is needed at this conference, taming higher inflation requires a higher policy rate. I believe that keeping inflation expectations credibly anchored is essential. Therefore, all else equal, lower productivity could cause me to support keeping rates at a higher level for longer.

    The second ongoing economic development I see altering productivity is the rapidly expanding use of AI. I view this emerging technology as likely to have a significant positive effect on productivity growth. In fact, I see AI as poised to be at least as transformative as other general purpose technologies, such as the printing press, the steam engine, and the internet. With wider adoption of AI, we could have a surge in potential output.

    As I have discussed in several recent speeches, AI has the potential to revolutionize numerous sectors of our economy.4 We already see AI assistants boosting productivity in customer service, software development, and medical diagnosis. AI’s ability to process and analyze vast amounts of data could lead to breakthroughs in scientific research and innovation, resulting in an increased arrival rate of new ideas, further amplifying its effect on productivity.

    Of course, an AI productivity boom would come with its own set of challenges. If potential output expands too rapidly, it could leave slack in the economy and the labor market. Moreover, the productivity gains from AI may not be uniform across all sectors, job types, or tasks, leading to a transitional period as the labor market adjusts. Despite these challenges, I am optimistic about AI and its potential to drive significant productivity growth in the coming years.

    To summarize, I see an important role for productivity growth to play in assisting FOMC policymakers to achieve our dual-mandate goals. This dynamic played out, alongside other factors, in recent years when inflation eased from historic highs while the labor market remained solid. Two currently unfolding economic events are likely to influence productivity growth in the coming years-specifically, changes to trade policy and the expansion of AI. Those two developments may prove to run counter to each other, but it is too soon to predict precisely. I will be closely monitoring developments in this space. I look forward to engaging with those studying this topic including, I am sure, many in this room.

    Thank you. I look forward to the discussion.


    MIL OSI Economics

  • MIL-OSI Economics: Steven Maijoor: A race we cannot afford to lose – cybersecurity in an age of geopolitical tensions

    Source: Bank for International Settlements

    On April 22 the Dutch Military Intelligence and Security Service reported that it had detected a Russian cyberattack targeted at a Dutch critical public service. It was the first time a state-sponsored cyberattack was reported in the Netherlands. Which is not the same as saying that it happened for the first time.

    Geopolitical tensions have been rising for more than a decade, but over the past few years they have accelerated. Needless to say this is bad news for the world economy and the financial sector. But perhaps in no area is the geopolitical threat so real and acute as in the digital domain.

    State-sponsored cyberattacks are often very well concealed, so we do not have reliable numbers on how often they occur. But anecdotal information from intelligence agencies suggest their number is increasing.

    Traditionally, the financial sector has been targeted by cyber criminals with financial motives. But with the changing geopolitical climate, nation-state cyberattacks on financial institutions have become a realistic possibility. The aim of nation-state actors is usually not financial gain, but disruption. For them, the financial sector is an attractive target. The sector is crucial to the functioning of the economy. Also, many financial firms depend on the same third-party service providers. If one of these suppliers is attacked, large chunks of the financial sector may experience the knock-on effects. As we showed in our latest Financial Stability overview, a quarter of all reported global cyberattacks – so including energy and telecom – can potentially affect the financial sector through this channel.

    Artificial Intelligence is likely to reinforce the cybersecurity threat. AI makes cyber-attacks more sophisticated. At least some of them, like phishing. Also, the scale, access and speed of cyber-attacks will probably go up.

    Recently, we have seen this very clearly in the context of cyber-crime. For example, by enabling very advanced deepfakes. We had the rather spectacular case of a finance worker in Hong Kong, who was tricked into paying out $ 25 million. The fraudsters used deepfakes to pose as the company’s CFO in a videoconference call. Although nation-state actors use AI, we have not yet observed them using these techniques to create large scale disruptions. But what if nation-state actors fully exploit the potential of AI, and use it to disrupt vital processes on a larger scale?

    When we talk about financial institutions in this context, most people will first of all think of banks. But for you, I think Central Counterparty Clearing Houses and other market infrastructures are perhaps just as important. Many of you depend on them for the trading, clearing and settlement of transactions in foreign exchange, securities, options and derivatives.

    Market infrastructures occupy a unique position in the cyberthreat landscape. They seem to be targeted less, but if, for example, CCPs are attacked successfully, the impact could be very high. This is partly because there are relatively few of them. If party A goes down, it can be difficult for party B to compensate. Their attack surface is also relatively smaller because they offer fewer types of services compared to banks. Also, they have fewer public-facing web applications, and fewer customers than banks. However, the systems they do operate are highly advanced and very important for the functioning of the financial system.

    All of these features make them an attractive target for nation-state actors who want to cause maximum disruption. This does not mean that market infrastructure parties are currently being attacked. But given the geopolitical situation, tomorrow’s reality could be different.

    What makes CCPs potentially more vulnerable than banks is that most of them have outsourced part of their cybersecurity. That is understandable. If you are a large bank, having a few hundred cybersecurity experts is an affordable investment. CCPs do not have the resources for this. To them, outsourcing provides access to expertise and higher standards for cyber and information security. But the drawback of course is that it makes CCPs dependent on external parties, and it makes their cyber defence more complex.

    All this means CCPs need to stay alert. Cyber resilience is at least as important for CCPs as it is for other financials.

    Many financial institutions have taken big steps in recent years to boost their cyber resilience. But given the size, urgency and evolving nature of the threat, we need to do even more to keep financial services safe. It seems more and more that we are involved in a digital arms race. A race with a sophisticated and cunning opponent. A race in which we want to be roadrunner, and not the coyote.

    This is why cyber resilience will absolutely be a key focus area in our supervision of the financial industry in the coming years. Our aim as a supervisor is to make financial services and the financial system safer against cyber threats. Not only by increasing the resilience of the financial sector itself, but also by stepping up the robustness of the entire chain of ICT service providers. DORA, the European Digital Operational Resilience Act, that came into effect at the beginning of this year, gives us additional tools to accomplish this aim.

    To start with, under DORA, threat-led penetration tests are mandatory for the largest financial institutions in Europe. In the Netherlands we have been conducting these kinds of tests voluntarily for over eight years with good results, and we are very pleased that it is now becoming the norm at the European level. The largest CCPs within the EU will be part of the group of financial institutions for which the penetration tests will be mandatory.

    But DORA also imposes stricter requirements for managing cyber risks in outsourcing chains. For example, financial firms face stricter rules for conducting due diligence on potential ICT providers. And very importantly, under DORA, European supervisors can conduct inspections of critical third-party ICT service providers in tandem with national supervisory authorities. We expect big techs like Google and Microsoft to be placed under EU-wide supervision. And, just as with the banks, we are going to test their readiness to detect and withstand cyberattacks.

    Despite all efforts, there is no such thing as perfect cyber security. It is therefore vital that financial institutions take measures to recover quickly after cyber incidents. This is crucial to ensure that services can continue and people don’t lose trust in financial firms or the financial sector as a whole.

    The results of the ECB’s 2024 cyber stress test of a group of banks show that there is room for improvement on the recovery front. So it’s a very good thing that DORA also imposes new requirements on institutions’ continuity plans and backup policies. They need to develop a culture where cyber incidents are quickly detected and reported. They need to have their playbooks in place. And they need to have clearly defined management roles and responsibilities. And this includes good crisis communication, which is absolutely essential. These are all key ingredients for an effective response after a cyberattack.

    But even if we all have our own house in order, that is not enough. Because on a digital level the financial sector is so interconnected, and connected to other vital sectors of the economy as well, that some degree of overall coordination and cooperation is necessary.

    Governments should take the lead to improve cross-sectoral cooperation and coordination. They must continue to conduct large-scale cyber-drills and practice activating crisis plans. The insights gained should be used to enhance resilience.

    Under the new legislation supervisors also have an obligation to cooperate closely with other sectors. DNB is putting this into practice by working with sectors that are most critical to the financial sector, such as energy and telecommunications. Within our mandate, we support these sectors with information, cooperation and ethical hacking experience.

    To keep financial institutions and the financial system safe, resilience against cyberattacks has become just as important as holding sufficient capital and liquidity. So we need to do whatever we can to further boost it. Both in terms of detection and recovery. And we need to work together. Governments, banks, market infrastructures, supervisors, telecom, energy and other vital players in the outsourcing chain. Because this is a race we cannot afford to lose.

    MIL OSI Economics

  • MIL-OSI Asia-Pac: LegCo Subcommittee on Matters Relating to the Development of Smart City observes demonstration of “Smart Environment” (with photos)

    Source: Hong Kong Government special administrative region

    LegCo Subcommittee on Matters Relating to the Development of Smart City observes demonstration of “Smart Environment”  
         Members first received an update on the implementation of “Smart Environment” initiatives under the Smart City Blueprint for Hong Kong 2.0 from representatives of the Government. Members were then briefed on the application of “metamaterial noise barriers” for railway maintenance works and observed demonstrations on the use of various technologies to enhance environmental pollution monitoring, including the use of an “AI robotic dog” and a “mesh network sampling robot squad” to detect pollution sources, an “unmanned water sampling boat” to monitor water quality, and a drone equipped with “miniature sniffing sensor” to detect real-time emissions of air pollutants from ocean-going vessels.
     
         During the visit, Members exchanged views with representatives of the Government on matters such as facilitating the application and the development of technologies for environmental protection.
     
         Members who participated in the visit were the Chairman of the Subcommittee on Matters Relating to the Development of Smart City, Ms Elizabeth Quat, Subcommittee members Mr Andrew Lam, Mr Chan Siu-hung and Professor William Wong; as well as non-Subcommittee member Mr Edward Leung.
    Issued at HKT 17:50

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Hospital Authority meets with Mainland health officials and delegations (with photos)

    Source: Hong Kong Government special administrative region

    Hospital Authority meets with Mainland health officials and delegations  
         The HA participated in meetings between the Health Bureau (HHB) and different delegations, including a delegation led by the Director-General of the Health Commission of Guangdong Province, Mr Liu Liqun. Both parties exchanged views on further strengthening healthcare co-operation and talent exchanges in the Greater Bay Area.
     
         The Chairman of the HA, Mr Henry Fan, said, “The depth and breadth of the Greater Bay Area Healthcare Talents Visiting Programmes, jointly launched by both sides, has been progressively expanding and receiving widespread positive feedback. Moving forward, in alignment with the implementation of the Supplementary Medical Professions (Amendment) Bill 2025, the HA hopes to continue receiving support from the Health Commission of Guangdong Province to explore limited registration arrangements for radiographers to fully participate in clinical work and exchange experiences in Hong Kong.”
     
         In addition to meeting with the Health Commission of Guangdong Province delegation, the HA also participated in other exchange sessions co-ordinated by the HHB. These included meetings with delegations of the Shanghai Municipal Health Commission, the People’s Government of the Tibet Autonomous Region and the Health Commission of the Tibet Autonomous Region.
     
         During the Convention period, the HA also held separate meetings with delegations of the Beijing Municipal Health Commission, the Tianjin Municipal Health Commission, the Health Commission of Zhejiang Province and the Shanghai Hospital Development Centre. These meetings facilitated experience sharing in hospital management, financial management and talent exchanges, etc, deepening co-operation between both sides.
     
         Furthermore, the HA arranged visits for several Mainland delegations to various public hospitals, including Queen Mary Hospital and Kwong Wah Hospital, to understand hospital operations and management, as well as the application of AI and the HA Go mobile application, etc.
     
         The HA also took the opportunity during the visit of the Mainland delegations to hold a welcome ceremony for the doctors and nurses who came to Hong Kong for exchanges, aiming to enhance healthcare standards and expand the healthcare talent pool in both places through mutual learning and complementary strengths. 
    Issued at HKT 17:55

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: 10 years ago Kenya set out to fix gender gaps in education – what’s working and what still needs to be done

    Source: The Conversation – Africa – By Benta A. Abuya, Research Scientist, African Population and Health Research Center

    The Kenyan government launched a big attempt in 2015 to promote gender equality in and through the education sector. This was guided by principles of equal participation and inclusion of women and men, and girls and boys in national development.

    The Education and Training Sector Gender Policy aligned with national, regional and global commitments. This included the constitution, and Sustainable Development Goals 4 on quality education and 5 on gender equality.

    Years later, however, it became clear that the government wasn’t achieving some policy’s objectives. Gaps remained in reducing gender inequalities in access, participation and achievement at all levels of education.

    The government decided to review the causes of these challenges and what could be done differently.

    This led to a two-year joint study in partnership with the African Population and Health Research Center. The study began in 2022. Its overall objective was to provide evidence for action on mainstreaming gender issues in basic education in Kenya. Gender mainstreaming generally refers to being sensitive to gender when developing policies and curricula, governing schools, teaching and using learning materials.

    The study specifically aimed to:

    1. examine how the teacher-training curriculum prepares teachers to implement gender mainstreaming strategies within the basic education sector

    2. examine how gender mainstreaming is practised in classrooms during teaching and learning

    3. assess the relationship between teaching practices and students’ attendance, choice of subjects and academic performance

    4. evaluate the availability of institutional policies, practices and guidelines to mainstream gender issues and the extent to which they influence gender mainstreaming in education.

    I’m a gender and education researcher and was part of the team from the African Population and Health Research Center that collected data for the policy review. This data came from 10 counties with high child poverty rates and urban informal settlements. These indicators highlight an inability to access one or more basic needs or services.

    The study involved teacher trainers and trainees. We also spoke to education officials, and learners in primary and secondary schools. We carried out classroom observations, knowledge and attitude surveys, questionnaires, key informant interviews and focus group discussions.


    Read more: 6 priorities to get Kenya’s curriculum back on track – or risk excluding many children from education


    The data showed gaps in teacher training, as well as institutional and teaching practices at the basic education level. Policy wasn’t being carried through in practice.

    The gaps

    Our study found that Kenya needs to review its teacher education curriculum to make it more gender responsive.

    Teachers also need more training to follow practices that are gender responsive. These practices include extending positive reinforcement to girls and boys, maintaining eye contact and allowing learners to speak without interruption.

    Deliberate steps should be taken to ensure that schools and teacher training colleges are gender inclusive in their practices, guidelines and programmes.

    More specifically, our study found:

    • Teacher trainees had a relatively good understanding of gender-equitable teaching and learning practices. But there was a need to place greater importance on this in lesson planning and in supporting girls in science, technology, engineering and mathematics (STEM).

    • Gender mainstreaming is not built into the teacher training curriculum. It isn’t taught as a standalone unit. Teacher trainees learnt about it mainly from general courses, such as child development and psychology, or private training. And teacher trainees were unaware that they were being tested on this.

    • There were no significant gender differences in how teachers in pre-primary and primary school taught boys and girls. At the secondary level, however, teachers engaged boys more than girls during during literacy and STEM lessons.

    • At both primary and secondary levels, gender-equitable practices positively influenced learning outcomes in English and STEM subjects. These practices improved academic performances in English at the primary level. They led to improvements in biology, English, mathematics and physics at the secondary level.

    • The odds of school attendance increased if teachers treated boys and girls in equitable ways.

    • The odds of boys selecting chemistry and physics at the secondary level increased if the teacher of the subject was approachable and if the subject was considered applicable to future careers.

    • More than 40% of primary and secondary schools didn’t have guidelines on sexual harassment and gender-based violence for teachers and students. And most of the schools that said they had these guidelines couldn’t provide them to the research team. These guidelines help mainstream gender issues in schools and communities.

    What next

    To advance gender equality, Kenya must move beyond policy awareness. It must be more responsive to gender in teacher training, classroom practices and institutional leadership.

    Our study recommends:

    • creating a positive and inclusive learning environment where both boys and girls feel valued, capable, and motivated to learn

    • teaching gender mainstreaming as a standalone unit, or integrating it into the teaching methodology

    • coaching, mentorship and modelling of best practices to trainee teachers

    • financial support for gender mainstreaming in all areas of teacher education

    • encouraging girls to pursue STEM subjects and careers at an early age through formal mentorship programmes

    • encouraging and empowering women teachers and parents to take up leadership positions in schools to provide role models for students.


    Read more: Kenya’s decision to make maths optional in high school is a bad idea – what should happen instead


    Our findings offer a critical evidence base for the education ministry and other stakeholders. They should put accountability mechanisms in place.

    Only through sustained, data-driven action can Kenya achieve a truly inclusive and equitable education system.

    – 10 years ago Kenya set out to fix gender gaps in education – what’s working and what still needs to be done
    – https://theconversation.com/10-years-ago-kenya-set-out-to-fix-gender-gaps-in-education-whats-working-and-what-still-needs-to-be-done-255400

    MIL OSI Africa

  • MIL-OSI: Results Announcement

    Source: GlobeNewswire (MIL-OSI)

    27 May 2025. The Republic of Iceland (the “Offeror“) announces today the results of its invitation to holders of its €500,000,000 0.625 per cent. Notes due 3 June 2026 (ISIN: XS2182399274) (of which €500,000,000 in aggregate nominal amount is outstanding as at the date hereof) (the “Notes“) to tender their Notes for purchase by the Offeror for cash (such invitation, the “Offer“).

    The Offer was announced on 19 May 2025 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 19 May 2025 (the “Tender Offer Memorandum“) prepared by the Offeror in connection with the Offer. Capitalised terms used in this announcement but not defined have the meaning given to them in the Tender Offer Memorandum.

    The Expiration Deadline for the Offer was 5.00 p.m. (CEST) on 23 May 2025.

    The Offeror announces today that it has decided to accept all Notes validly tendered pursuant to the Offer and, accordingly, it will accept for purchase €203,709,000 in aggregate nominal amount of the Notes pursuant to the Offer.

    A summary of the final results of the Offer appears below:

    Description of the Notes ISIN /
    Common Code
    Aggregate nominal amount of Notes validly tendered and accepted for purchase 1 Year Euro Mid-Swap Rate Fixed Spread Amount Purchase Price
    €500,000,000 0.625 per cent. Notes due 3 June 2026 XS2182399274/ 218239927 €203,709,000 1.967 per cent. -15 basis points 98.810 per cent.

    The Purchase Price the Offeror will pay for those Notes accepted for purchase pursuant to the Offer is 98.810 per cent. of their nominal amount. The Offeror will also pay an Accrued Interest Payment in respect of such Notes.

    The Tender Offer Settlement Date is expected to be 28 May 2025. Following settlement of the Offer, €296,291,000 in aggregate nominal amount of the Notes will remain outstanding.

    THE DEALER MANAGERS

    Barclays Bank Ireland PLC
    One Molesworth Street
    Dublin 2
    D02 RF29
    Ireland

    Attention: Liability Management Group
    Email: eu.lm@barclays.com

    Citigroup Global Markets Europe AG
    Börsenplatz 9
    60313 Frankfurt am Main
    Germany

    Attention: Liability Management Group
    Telephone: +44 20 7986 8969
    Email: liabilitymanagement.europe@citi.com

    J.P. Morgan SE
    Taunustor 1 (TaunusTurm)
    60310 Frankfurt am Main
    Germany

    Telephone: +44 20 7134 2468
    Attention: EMEA Liability Management Group
    Email: liability_management_emea@jpmorgan.com

    DISCLAIMER

    This announcement must be read in conjunction with the Tender Offer Memorandum.  No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

    Attachment

    The MIL Network

  • MIL-OSI: XRP News: Buy $XDX By XenDex On XRP Ledger As Ripple Acquires Circle While Volatility Shares Launches XRPI Futures ETF

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 27, 2025 (GLOBE NEWSWIRE) — XenDex is moving to end its presale in about 24 hours, and top crypto analysts have confirmed that the $XDX token with its utility, has the potential of attaining various all time high and great profits for its holders because of the massive adoption it witnessed in the XRP community. With its unique features, and problems it aims to solve, XenDex is positioning itself to be the next go-to DeFi on the Ripple blockchain, and their spokesperson has confirmed that the pre token sale will end in about 24 hours. To buy and hold some $XDX tokens, please visit XenDex Docs.

    Buy $XDX Before Listing On Binance

    While Ripple (XRP) is once again making headlines after reports emerged that it’s in talks to acquire Circle, the issuer of the popular USDC stablecoin, and the bullish momentum of the launch of Volatility Shares’ XRPI Futures ETF, the first of its kind, signaling rising institutional appetite for XRP, XenDex is positioning itself as the most promising decentralized exchange (DEX) on the XRP Ledger.

    What is XenDex On XRP Blockchain?

    XenDex is the first all-in-one decentralized exchange (DEX) built natively on the XRP Ledger (XRPL). The platform offers secure, fast, and low-fee trading, combined with advanced DeFi tools like AI copy trading, non-custodial lending & borrowing, and cross-chain swaps, all from a clean, intuitive dashboard built for mass adoption.

    Purchase $XDX At A low Price

    Features And Problems XenDex Aims To Solve on XRP Ledger?

    • AI Copy Trading – Automatically mimic trades from top-performing wallets, and minimize losses
    • Lending & Borrowing – Lend or borrow crypto assets on XenDex without intermediaries
    • Cross-Chain Trading – Swap XRP with tokens across Ethereum, Solana, and BNB Chain
    • DAO Governance – Let $XDX holders vote on upgrades and listings

    Why Should I Buy $XDX?

    Asides from making profits from potential pump upon listing on various exchanges, holding $XDX gives you:

    • Voting rights over platform upgrades
    • Staking and liquidity rewards
    • Reduced trading, lending and borrowing fees
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    Where Can I Trade $XDX?

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    The MIL Network

  • MIL-OSI Economics: Huawei’s New Single SitePower Solution Creates Four Synergies to Accelerate Site Intelligence

    Source: Huawei

    Headline: Huawei’s New Single SitePower Solution Creates Four Synergies to Accelerate Site Intelligence

    [Dubai, UAE, May 27, 2025] During the 9th Global ICT Energy Efficiency Summit in Dubai, Huawei showcased its next-generation digital and intelligent site power facility solution Single SitePower, which is set to drive the intelligent transformation of ICT energy infrastructure. Themed “Green Site, Building an Intelligent Future,” the Summit brought together industry leaders and energy experts from leading operators, tower companies, and industry organizations worldwide gathered at the event to discuss the energy transition for greener ICT.
    Global operators and tower companies are facing a wide range of energy challenges. The communications industry consumes 2.5% of the world’s electricity, with base stations accounting for over 60%. Along with the rapid development of new technologies such as AI, network traffic and energy consumption are surging. Additionally, power shortages, aging infrastructure, and natural disasters put immense strain on network resilience and evolution. To help overcome these challenges, the Single SitePower solution leverages technological innovations to build four intelligent synergy systems, helping operators build simple, green, resilient, and safe sites.

    Single SitePower

    Solar-Battery Synergy: Based on Huawei’s iSolar green site solution, solar systems and lithium batteries can be deployed at sites to ensure diverse energy supplies, reducing the risk of site breakdown due to external energy environment changes. Moreover, the Solar-Battery Synergy technology enables the 100% integration of surplus solar energy, increasing the energy yield by 55% compared with the traditional solution.
    Power-Grid Synergy: Huawei’s iGrid grid adaptation technology helps base stations run stably even in the case of frequent power outages and weak grids. In Africa, the technology has helped operators improve the site power availability (PAV) from 60% to 99.9% in areas with frequent power outages.
    Power-RAN Synergy: Huawei’s unique adaptive power backup technology doubles the power backup time for communication services without changing the battery configuration. In Europe, the solution has helped operators cope with large-scale power outages, with the power backup time drastically extended from 2.5 hours to more than 7 hours.
    Power-Service Synergy: Huawei’s O&M management system integrates AI diagnosis to implement proactive analysis, risk prediction, precise fault locating, rapid root cause analysis, and precise energy scheduling. This improves network O&M efficiency and fault recovery speed, enhances network resilience, and reduces OPEX by 50%.

    James Chen, President of Huawei’s Carrier Business

    According to James Chen, President of Huawei’s Carrier Business, the levelized costs of electricity (LCOE) of solar systems and batteries keep declining, and their payback periods have become shorter, presenting tremendous opportunities for operators and tower companies to achieve the green energy transition. Huawei integrates digital and power electronics technologies, drives intelligent transformation through high-quality products, and continuously develops innovative energy infrastructure solutions for the digital industry. These efforts will accelerate the green energy transition and promote the sustainable development of operators and tower companies, paving the way for a better, greener future.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Increasing automated detection capabilities at the UK border 

    Source: United Kingdom – Executive Government & Departments

    Case study

    Increasing automated detection capabilities at the UK border 

    Border Force wants to expand its use of artificial intelligence in the searching and screening of freight at UK seaports by automating anomaly detection.

    As cross-border traffic continues to grow, Border Force aims to expand its use of artificial intelligence (AI) to enhance the searching and screening of freight at UK seaports. To balance security with the smooth movement of legitimate goods, the agency is seeking to automate the detection of anomalies in x-ray images, as manual analysis is both time-consuming and prone to error.  

    AI-driven automation will not only speed up screening times but also increase the volume of goods processed. Additionally, it will free up officers to focus on critical tasks, reduce false alarms and minimise unnecessary secondary inspections. 

    To achieve this, Border Force turned to the Accelerated Capability Environment (ACE) for support in organising and analysing its extensive x-ray image database, which had previously been stored inconsistently across multiple data structures. ACE was initially tasked with creating a fully indexed and standardised repository of x-ray images and associated data—making it easily accessible to analysts and suitable for AI algorithm development. 

    Six ACE suppliers—Faculty, Leonardo, Polygeist, Roke, Symetrica and Zaizi—collaborated to explore innovative AI and machine-learning methodologies for anomaly detection. Using the newly indexed data, they developed three use cases: vector integrity, pattern recognition and high-density material detection.  

    The insights gained were presented to Border Force at a demonstration day, where all three approaches showed strong operational potential for further development.  

    The success of the initiative prompted Border Force UK Deputy Director, Chino Nwachukwu, to share a glowing endorsement on LinkedIn, praising the “quality and professionalism” of the team. Reflecting on the project’s impact, he stated

    “I’m still buzzing from the high on which I ended last week, having spent the last few months working with some of the best brains in Britain to explore the potential of Artificial Intelligence and Machine Learning techniques in Border Security.” 

    There is now a need to take these solutions forward for trials in a controlled operational environment. In order to plan for this, a recently completed commission assessed the capability requirements and the feasibility of integrating these solutions into Border Force systems. This commission analysed Border Force’s data, systems and applications, consolidating the data into a unified, structured format. Trials were conducted with Border Force staff across multiple ports to evaluate the AI anomaly detection system.  

    The success of these commissions has led to a request for further development, forming the foundation of a business case for wider AI implementation across Border Force operations.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Working lean and fast: the Coefficient ACE supplier story  

    Source: United Kingdom – Executive Government & Departments

    Case study

    Working lean and fast: the Coefficient ACE supplier story  

    Consultancy Coefficient wants to elevate the global standard of data science, machine learning and AI.

    Coefficient is an AI and data consultancy that brings the fast-paced energy of start-ups into ACE. As CEO John Sandall puts it, by staying “incredibly lean and incredibly fast”, Coefficient aims to elevate the global standard of data science, machine learning and artificial intelligence (AI), one project at a time. 

    This culture is maintained by a “small but mighty” team of data scientists, software engineers, statisticians and machine-learning specialists, who are passionate about open-source technologies and agile delivery.  They make data work as hard as possible, exploring opportunities for machine learning or AI that can improve processes or enable deeper insights.

    However, Coefficient never just applies technology for the sake of it—they start by asking the right questions to get to the root of the problem. From there, research-grade statistical methods are combined with a practical, problem-solving approach. The outcome is that organisations can distil complex patterns from their people, products and performance into actionable intelligence.   

    “We take what works in one industry and apply it somewhere else—for instance, Coefficient used techniques for hedge fund market prediction models to help forecast election outcomes,” says Sandall. For over a decade, Coefficient has applied these learnings to create innovative solutions across private, public and educational sectors. They also run more than 200 workshops a year, helping major banks and organisations learn more about Python, data science and AI.  

    Coefficient joined ACE in early 2021 and has since worked on 12 independent projects, growing to a team to 10 people. “Day-to-day life is pretty exciting because we get to change the lives of possibly millions of people across the UK and that drives a high level of motivation within my team,” says Sandall.  

    Two notable projects illustrate Coefficient’s achievements within ACE. For one law enforcement commission, the team completed a discovery phase and developed a machine-learning model that mimicked the results obtained by existing manual methods in just 12 weeks. The tool was then tested in real-world conditions as well as presented to government ministers. 

    For a different law enforcement project, Coefficient evaluated a number of commercial redaction tools that use AI to replace faces, text and audio in sensitive media. The team assessed whether each tool met the specific needs of policing while adhering to strict legal and ethical standards. As part of this research, Coefficient also demonstrated cutting-edge techniques and built rapid proof-of-concepts for sanitising media. This helped stakeholders understand current state-of-the-art technologies to make informed investment decisions and see how current redaction processes could be made more efficient. 

    Sandall said: “Alongside impact, ACE encourages a modern way of working by building fast and then iterating. ACE’s matchmaking has had Coefficient working alongside other SMEs that we would never meet otherwise, with the complementary skills necessary to tackle each problem.  

    “We’ve met partners through ACE leading to wider opportunities, such as with Bays for a £100k Innovate UK grant to guide the Department for Science, Innovation and Technology on AI ethics. The killer thing about ACE is it’s not just a tendering framework; it’s a community of suppliers where collaboration is supported and encouraged.”

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UK announces new action to detect hostile state activity using AI, on visit to the Arctic

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces new action to detect hostile state activity using AI, on visit to the Arctic

    The UK is stepping up its efforts to safeguard national security by leveraging AI to detect hostile state activity in the Arctic.

    • UK working with allies to tackle growing threats in the Arctic, and drive forward an ambitious new UK-Norway defence agreement
    • New scheme to improve monitoring capability in High North to detect hostile activity, enshrining the UK’s security – the foundation of the Plan for Change
    • UK sanctions have halted Putin’s plans to station a floating repair dock in the Arctic to service the precious icebreakers fleet.

    The UK is stepping up its efforts to safeguard national security by leveraging AI to detect hostile state activity in the Arctic, the Foreign Secretary will announce during a visit to the Arctic today (27 May 2025).

    As the UK’s two nearest Arctic neighbours and close NATO allies, what happens around Norway and Iceland affects Britain, especially our national security, the foundation of this government’s Plan for Change.

    Foreign Secretary David Lammy will see first-hand how British and Norwegian ships jointly patrol the high seas of the Arctic to detect, deter and manage increasingly sophisticated subsea threats to energy, critical national infrastructure, and security posed by Russia’s Northern Fleet.

    This comes after the Prime Minister visited Norway earlier this month for a meeting of the Joint Expeditionary Force, where he discussed further support for Ukraine with allies from the Baltic and Scandinavian states.

    While in Iceland, the Foreign Secretary will announce a new UK-Iceland scheme to use cutting edge AI technology to monitor hostile activity in the region.

    As global temperatures rise and ice caps continue to melt, previously inaccessible shipping routes are opening up. This is leading to the Arctic becoming an increasingly contested area, with countries looking to exploit new reserves of gas, oil and natural minerals, fuelling security concerns. 

    Areas close to the Arctic are also being used by Russia’s nuclear-powered icebreakers which are crucial to Putin’s High North ambitions, clearing paths for tankers helping fund his illegal war in Ukraine. This threatens maritime security and the environment, as Putin has resorted to using dodgy and decaying vessels which frequently break down increasing the risk of oil spills.

    UK sanctions have helped halt Putin’s plans to station a floating repair dock in the Arctic to service the precious icebreakers fleet.

    A tug boat – the Vengery – had been due to tow the platform, but its journey to the High North has now been halted after being sanctioned last week.

    Foreign Secretary, David Lammy, said:

    The Arctic is becoming an increasingly important frontier for geopolitical competition and trade, and a key flank for European and UK security. 

    We cannot bolster the UK’s defence and deliver the Plan for Change without greater security in the Arctic. This is a region where Russia’s shadowfleet operates, threatening critical infrastructure like undersea cables to the UK and Europe, and helping fund Russia’s aggressive activity.

    It’s more important than ever that we work with our allies in the High North, like Norway and Iceland, to enhance our ability to patrol and protect these waters. That’s why we have today announced new UK funding to work more closely with Iceland, using AI to bolster our ability to monitor and detect hostile state activity in the Arctic.

    Norway has hosted British troops’ Arctic training for more than fifty years. Our long history of defence collaboration is being taken further through a strategic agreement to strengthen both nations’ security.

    David Lammy will be the first Foreign Secretary to travel to one of the Arctic’s northernmost inhabited points when he visits the Archipelago of Svalbard witnessing how UK scientists are collaborating with Norway and partners to tackle climate change which is driving new geo-political challenges and opening new frontiers for state competition.

    Today, this work is being taken further, with new opportunities for early-career researchers on polar research vessels and at Ny Ålesund, where British scientists have been based for over 30 years. £400,000 of UK funding will support work to understand the impact of climate change and how it affects the UK – ensuring we have resilience against its effects. This follows 21 joint research projects made between the UK and Iceland during the past 18 months to strengthen our understanding of the arctic’s future.

    During the visit, the Foreign Secretary will highlight the UK’s role in securing NATO’s northern flank and protecting the region’s critical undersea infrastructure such as cables and pipelines which are crucial for stable energy supplies and telecommunications in the UK.

    Earlier this year the Prime Minister announced the biggest sustained increase in defence spending since the Cold War as a result of the changing global picture, now reaching 2.5% of GDP by April 2027, and with an ambition to reach 3% in the next Parliament subject to economic and fiscal conditions.

    Maritime security and the Arctic also feature in the UK’s ambitious new Security and Defence Partnership with the EU agreed last week, committing to work together to make Europe safer.

    In Iceland, the Foreign Secretary will visit Keflavik Air Base, where RAF jets have supported NATO air policing missions, ensuring the safety and security of Arctic airspace. He will learn how Icelandic scientists are working with their British counterparts to address climate change in vulnerable countries around the world.

    Media enquiries

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    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom