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Category: Technology

  • MIL-OSI Video: UK Lord O’Neill of Gatley: Lord Speaker’s Corner | House of Lords | Episode 29

    Source: United Kingdom UK House of Lords (video statements)

    ‘The US is just so obsessed about being big, it doesn’t understand that by others becoming bigger, the US can become wealthier.’

    Jim O’Neill, Lord O’Neill of Gatley, is an ex-Treasury Minister, former Chief Economist at Goldman Sachs and Crossbench member of the House of Lords.

    In this latest episode of Lord Speaker’s Corner, Lord O’Neill shares his perspectives with Lord McFall of Alcluith on a range of topics, from China and the USA to AI, the risks of rising antimicrobial resistance and why Manchester should be prioritised as Britain’s second city.

    At Goldman Sachs, Lord O’Neill coined the term BRIC (Brazil, Russia, India, China) to describe the group of emerging economies. In this episode he shares his thoughts on how that has progressed, as well as President Donald Trump’s current tariffs approach by the US. He explains ‘the path which Trump seems to have embarked on, of aggressive confrontation, is not likely to be sustained because it is in America’s interests for China to continue to do well economically.’

    He also shares his thoughts on the current approach to AI, warning against letting tech sectors self-regulate: ‘this idea that just let the financial sector regulate itself and there’d be no problem…that didn’t turn out too well, did it? And there’s a lot of these AI guys wanting to do the same.’

    Lord O’Neill also calls for greater devolution, with powers for regions to raise local taxes, suggesting ‘people here (in Westminster) need to have excitement about giving responsibility to local people in these places to make a national difference.’ He also calls for devolution on welfare-spending with health-linked budgets for local authorities: ‘There’s a serious case for exploring devolving aspects of the welfare support budget as it links to critical health illness’

    See more from the series https://www.parliament.uk/business/lords/house-of-lords-podcast/

    #HouseOfLords #UKParliament #LordSpeakersCorner #LordsMembers

    https://www.youtube.com/watch?v=3BHfC5saj3g

    MIL OSI Video –

    June 13, 2025
  • MIL-OSI United Kingdom: Amanda Timberg and Darren Xiberras reappointed as Board Members of the National Citizen Service Trust

    Source: United Kingdom – Executive Government & Departments

    News story

    Amanda Timberg and Darren Xiberras reappointed as Board Members of the National Citizen Service Trust

    Amanda Timberg and Darren Xiberras have been reappointed by HM The King as Board Members to support with the orderly wind-down of the National Citizen Service Trust. Darren (as Chair) and Amanda (as member) play an important role on the Audit and Risk sub-Committee (ARC), which has an important role to play in the wind-down.

    Amanda Timberg

    Appointed for a 3 year term commencing 12th June 2025.

    Amanda has dedicated her career to improving access to opportunities through investing in people and communities. She has worked in various roles at Google over the last decade and is currently serving as the Director of Global Programs at Google.org. There, she leads initiatives like product contributions, employee giving, volunteering, and apprenticeships.

    Before Google, Amanda spent fifteen years in education charities in the UK and the US, including a decade as Executive Director at Teach First, working to develop and equip teachers and leaders to make an impact towards educational equity. 

    Amanda started her career teaching primary school in Compton, California and worked at both Teach For America and the Los Angeles Unified School District in southern California. She holds an MSc in Voluntary Sector Management from Bayes Business School.

    Darren Xiberras 

    Appointed for a 3 year term commencing 12th June 2025.

    Darren is currently Chief Financial Officer of Cardiff University and a member of the University Executive Board. He oversees all aspects of the University’s finances and financial performance. He is a Director of UMAL Limited which is a specialist provider of insurance services to the Higher and Further Education sectors.

    Prior to joining Cardiff University, Darren was Chief Finance Officer at the University of South Wales having joined them in 2019. Immediately before that, he held the same role for the education charity Teach First where he also oversaw the Human Resources (HR), property and IT functions.

    Prior to Teach First, Darren was Finance Director of ENGIE (formerly GDF Suez) UK’s £350m turnover public sector division, delivering property services to a multitude of blue-chip public sector clients across the UK.

    Darren has also been Director of Corporate Services for a national UK charity and held the role of Group Finance Director for an Alternative Investment Market (AIM) listed PLC delivering services to the public sector. He trained as an accountant with South Wales Electricity PLC.

    Darren has held several other voluntary roles for both charities and in Higher Education.

    Remuneration and Governance Code

    Board Members of the National Citizen Service Trust are not remunerated. This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments.

    Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Amanda Timberg and Darren Xiberras have not declared any significant political activity.

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    Published 13 June 2025

    MIL OSI United Kingdom –

    June 13, 2025
  • MIL-OSI: Himax Technologies, Inc. to Hold Annual General Meeting on August 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, June 13, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will hold its Annual General Meeting (“AGM”) in Taiwan on August 13, 2025.

    Details of the Annual General Meeting are below:

    TIME and DATE: TAIWAN 9:30 a.m., August 13, 2025
       
    LOCATION: HIMAX FAB 2 – TAINAN CITY, TAIWAN
       

    Shareholders will vote to adopt the Company’s 2024 Audited Accounts and Financial Reports, re-elect Mr. Yan-Kuin Su as an Independent Director of the Company, amend and restate the Company’s Amended and Restated 2011 Long-Term Incentive Plan by the Amendment(s) extending its duration for additional five years to September 6, 2030, and transact any other business brought before the 2025 AGM. Copies of the Company’s Proxy Statement and 2011 Long-Term Incentive Plan Amended and Restated as of August 31st, 2016, 2nd Amended and Restated as of August 28th, 2019, 3rd Amended and Restated as of August 16th, 2022, and 4th Amended and Restated as of August 13rd, 2025 have been filed with the SEC.

    Additionally, a copy of Himax Technologies 2024 Annual Report has been posted on the Himax website for download. The Annual Report can be accessed at the following link: https://www.himax.com.tw/investors/financial-information/.

    For additional information and travel arrangements, please contact Company or investor relations representatives listed below.

    About Himax Technologies, Inc.

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

    http://www.himax.com.tw

    Forward Looking Statements

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

    Company Contacts:
      
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

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

    The MIL Network –

    June 13, 2025
  • MIL-OSI Africa: United Nations (UN) Tourism Commission for Africa Meets to Boost Social Impact, Innovation, and Youth Empowerment


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    The UN Tourism Regional Commission for Africa (CAF), brought together tourism leaders, government officials, and creative-sector stakeholders to chart a future where tourism drives lasting, inclusive development across the region. The event brought together more than 300 delegates, including 18 Ministers of Tourism, reflecting the high-level support for UN Tourism’s work and vision for the region.

    Secretary-General Zurab Pololikashvili opened the 68th session with a call to action rooted in partnership and progress. Reflecting on his first visit to Abuja in 2018, he noted that “progress is built on partnership and Africa’s story is one of resilience and renewal.” He lauded the region’s rapid recovery in tourism, driven by streamlined protocols, digital innovation, and targeted skill development, and reaffirmed commitment to the Agenda for Africa: Tourism for Inclusive Growth.

    Shared progress celebrated

    In Abuja, UN Tourism’s Member States in Africa were given a thorough overview of the progress made in advancing shared goals since the Regional Commission’s last meeting. Key highlights of this shared progress include:

    • The launch of the Thematic Office on Innovation for Africa, in partnership with Morocco, designed to drive investment, capacity-building, and digital transformation in tourism.
    • A strong emphasis on creative industries, music, film, fashion, and cuisine, as drivers of culture-led tourism, visitor engagement, and local livelihoods.
    • Advancements in education and youth empowerment, including new courses, academy launches in Zambia and Zimbabwe, and expansive training and entrepreneurship programmes.

    “Tourism can be a ladder out of poverty and a platform for leadership,” Pololikashvili said, urging further investment in digital literacy, vocational training, and youth entrepreneurship, particularly for women and marginalized communities.

    Key roles for African Member States in UN Tourism

    In Abuja, Africa’s Member States fulfilled their statutory obligations with elections to key positions that will guide UN Tourism’s work forward over the coming years:

    • ⁠ Angola; Kenya; Seychelles; Zambia; Zimbabwe will serve on the UN Tourism Executive Council (2025-2029)
    • Nigeria and Zimbabwe will serve as Vice-Presidents of the UN Tourism General Assembly (2025)
    • Zambia will Chair the Regional Commission for Africa (2025-2027), with Angola and Nigeria the Vice-Chairs

    Looking ahead, Seychelles will host the 69th Meeting of the UN Tourism Commission for Africa (date TBC). Cabo Verde will then host the official celebrations for World Tourism Day 2027.

    Innovation to shape Africa’s tourism future

    The week’s discussions underlined a shared vision: tourism led by Africans, powered by innovation, and rooted in cultural identity. Delegates stressed that technology and Artificial Intelligence must serve people first, by widening market access, easing travel, and reinforcing ethical standards.

    On the sidelines of the 68th CAF meeting, UN Tourism held a Technical Workshop on AI and Innovation shaping Tourism and Creative Industries for local officials. Discussions focused on placing AI tools and innovation to be at the forefront of tourism development across Africa, as well as on supporting education and entrepreneurial skills for growth as well as the importance of public-private partnerships.

    Distributed by APO Group on behalf of World Tourism Organization (UN Tourism).

    MIL OSI Africa –

    June 13, 2025
  • MIL-OSI Africa: International Atomic Energy Agency (IAEA) and Food and Agriculture Organization (FAO) Conduct First Atoms4Food Assessment Mission to Burkina Faso


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    In a critical step toward addressing food insecurity in West Africa, the International Atomic Energy Agency (IAEA) and the Food and Agriculture Organization (FAO) of the United Nations have launched their first joint Atoms4Food Initiative Assessment Mission in Burkina Faso. 

    This mission aims to identify key gaps and opportunities for delivering targeted technical support to Burkina Faso for food and agriculture in a country where an estimated 3.5 million people—nearly 20% of the population—are facing food insecurity. By leveraging nuclear science and technology, Atoms4Food seeks to bolster agricultural resilience and agrifood systems in one of the region’s most vulnerable nations.

    The mission, conducted from 26 May to 1 June, assessed how nuclear and related technologies are being used in Burkina Faso to address challenges in enhancing crop production, improving soil quality and in animal production and health, as well as human nutrition.

    The Atoms4Food Initiative was launched jointly by IAEA and FAO in 2023 to help boost food security and tackle growing hunger around the world. Atoms4Food will support countries to use innovative nuclear techniques such as sterile insect technique and plant mutation breeding to enhance agricultural productivity, ensure food safety, improve nutrition and adapt agrifood systems to the challenges of climate change. Almost €9 million has been pledged by IAEA donor countries and private companies to the initiative so far.

    As part of the Atoms4Food initiative, Assessment Missions are used to evaluate the specific needs and priorities of participating countries and identify critical gaps and opportunities where nuclear science and technology can offer impactful solutions. Based on the findings, tailored and country-specific solutions will be offered.

    Burkina Faso is one of 29 countries who have so far requested to receive support under Atoms4Food, with more expected this year. Alongside Benin, Pakistan, Peru and Türkiye, Burkina Faso was among the first countries to request an Atoms4Food Assessment Mission in 2025.

    A large proportion of Burkina Faso’s population still live in poverty and inequality.  Food insecurity has been compounded by rapid population growth, gender inequality and low levels of educational attainment. In addition, currently, 50% of rice consumed in Burkina Faso is imported. The government aims to achieve food sovereignty by producing sufficient rice domestically to reduce reliance on imports.

    “Hunger and malnutrition are on the rise globally, and Burkina Faso is particularly vulnerable to this growing challenge,” said IAEA Director General Rafael Mariano Grossi. “This first Atoms4Food assessment mission marks a significant milestone in our collective efforts to harness the power of nuclear science to enhance food security. As the Atoms4Food Initiative expands worldwide, we are committed to delivering tangible, sustainable solutions to reduce hunger and malnutrition.”

    The mission was conducted by a team of ten international experts in the areas of crop production, soil and water management, animal production and health and human nutrition. During the mission, the team held high-level meetings with the Burkina Faso Ministries of Agriculture, Health and Environment and conducted site visits to laboratories including the animal health laboratory and crop breeding facility at the Institute of Environment and Agricultural Research, the crop genetics and nutrition laboratories at the University Joseph Ki-Zerbo, and the bull station of the Ministry of Agriculture in Loumbila.

    “The Government of Burkina Faso is striving to achieve food security and sovereignty, to supply the country’s population with sufficient, affordable, nutritious and safe food, while strengthening the sustainability of the agrifood systems value-chain,” said Dongxin Feng, Director of the Joint FAO/IAEA Centre for Nuclear Techniques in Food and Agriculture and head of the mission to Burkina Faso. “Though much needs to be done, our mission found strong dedication and commitment from the Government in developing climate-resilient strategies for crops, such as rice, potato, sorghum and mango, strengthening sustainable livestock production of cattle, small ruminants and local poultry, as well as reducing malnutrition among infants and children, while considering the linkages with food safety.”

    The Assessment Mission will deliver an integrated Assessment Report with concrete recommendations on areas for intervention under the Atoms4Food Initiative. This will help develop a National Action Plan in order to scale up the joint efforts made by the two organizations in the past decades, which will include expanding partnership and resource mobilization. “Our priority now is to deliver a concrete mission report with actionable recommendations that will support the development of the National Action Plan aimed at improving the country’s long term food security,” Feng added. 

    Distributed by APO Group on behalf of Food and Agriculture Organization of the United Nations (FAO): Regional Office for Africa.

    MIL OSI Africa –

    June 13, 2025
  • Air India crash: PM Modi visits Ahmedabad crash site, assesses damage, meets injured

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday visited the site of the Air India crash in Ahmedabad, where the London-bound flight carrying 242 people went down a day earlier.

    The aircraft crashed minutes after takeoff from Sardar Vallabhbhai Patel International Airport, killing 241 people. Only one passenger – a British national of Indian origin – survived.

    “The scene of devastation is saddening,” PM Modi said in a post on X after reviewing the wreckage. “Met officials and teams working tirelessly in the aftermath. Our thoughts remain with those who lost their loved ones in this unimaginable tragedy.”

    After his visit to the crash site, the Prime Minister proceeded to Ahmedabad Civil Hospital, where he met the injured and offered support to grieving families. He also interacted with doctors and medical staff — including those who had been hurt in the crash — and reviewed the condition of patients receiving treatment.

    Later, the Prime Minister chaired a high-level review meeting in Ahmedabad, joined by Gujarat Chief Minister Bhupendra Patel, Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu, State Home Minister Harsh Sanghavi, and other senior officials from both the Central and State governments.

    Flight AI-171, headed to London Gatwick, crashed into the hostel complex of BJ Medical College at 1:38 p.m. IST on Thursday, triggering a massive blaze and a large-scale emergency response.

    Union Home Minister Amit Shah visited the crash site on Thursday and later chaired a high-level meeting with Civil Aviation Minister Naidu, Gujarat Chief Minister Bhupendra Patel, and senior officials to review relief and rescue measures.

    Shah said DNA testing was underway to confirm the identities of the victims and assured that results would be delivered at the earliest by Gujarat’s Forensic Science Laboratory (FSL) and the National Forensic Sciences University (NFSU). DNA samples of family members arriving from abroad would be collected on arrival, he added.

    A formal investigation into the crash has been launched by the Aircraft Accident Investigation Bureau (AAIB) in accordance with international protocols under the International Civil Aviation Organization (ICAO), said Civil Aviation Minister Naidu. A high-level expert committee is also being formed to examine the incident and suggest safety improvements to prevent future tragedies.

    The United States National Transportation Safety Board (NTSB) announced it would send a team of investigators to India to assist the AAIB.

    “The NTSB will be leading a team of US investigators travelling to India to assist the Aircraft Accident Investigation Bureau with its investigation into the crash of an Air India Boeing 787 in Ahmedabad, India, Thursday,” the agency said, noting that all official updates would come from the Indian government under ICAO’s Annex 13 protocols.

    Rescue and Relief Operations Continue

    Rescue operations continued through the night as teams sifted through debris for missing aircraft parts.

    Parts of the plane’s fuselage were scattered around the smouldering building into which it crashed. The tail of the plane was stuck on top of the building.

    Air India CEO Campbell Wilson reached Ahmedabad early Friday. The airline said it had set up Friends & Relatives Assistance Centres at Ahmedabad, Mumbai, Delhi, and Gatwick airports to support the families of those on board.

    “These centres are facilitating the travel of family members to Ahmedabad,” Air India posted on X. Emergency contact numbers were also issued for those seeking information: 1800 5691 444 for calls from within India, and +91 8062779200 for international callers.

    The Tata Group, which took over Air India in 2022, announced a compensation of Rs 1 crore for the family of each deceased passenger.

    “Tata Group will provide Rs 1 crore to the families of each person who has lost their life in this tragedy. We will also cover the medical expenses of those injured and ensure that they receive all necessary care and support. Additionally, we will provide support in the building up of the B J Medical’s hostel,” Tata Sons Chairman N Chandrasekaran said on X.

    Earlier, Air India released a breakdown of the nationalities of those on board: 169 were Indian nationals, 53 British, seven Portuguese, and one Canadian.

    (With inputs from agencies)

    June 13, 2025
  • DGT, Shell India roll out green skills, EV training programme across five states

    Source: Government of India

    Source: Government of India (4)

    The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), has partnered with Shell India to launch a Green Skills and Electric Vehicle (EV) training programme. The initiative, implemented by Edunet Foundation, Shell’s training partner, will be conducted across selected Industrial Training Institutes (ITIs) and National Skill Training Institutes (NSTIs) in Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, and Karnataka.

    The initiative is part of the Centre’s broader efforts to align skill development with India’s transition to a low-carbon future. It is aimed at preparing students and trainers for emerging opportunities in green energy and e-mobility sectors.

    According to the MSDE, the programme will be delivered in a phased, multi-tier model. Four NSTIs will host a 240-hour advanced EV Technician course covering EV systems, diagnostics, and battery technologies. In parallel, 12 ITIs equipped with Shell-supported laboratories will offer a 90-hour job-oriented EV skills course. An additional 50-hour foundational green skills module is being introduced in ITIs without physical labs to build basic awareness around sustainability.

    All modules have been jointly developed by DGT, Shell India, and Edunet Foundation, and are aligned with industry requirements. More than 250 trainers will also undergo upskilling under a dedicated Training of Trainers (ToT) component. On completion, participants will receive certification jointly issued by Shell and DGT, and receive structured placement support.

    A key feature of the programme is the establishment of specialised EV skill labs within selected institutes, aimed at delivering hands-on training and practical exposure to industry standards.

    “This collaboration with Shell India reflects the government’s deeper commitment to aligning skilling with sustainability,” said Shri Jayant Chaudhary, Minister of State (Independent Charge), MSDE and Minister of State for Education. “Green energy, electric mobility, and the broader climate transition are not just environmental imperatives—they represent a generational opportunity for India to lead through innovation, talent, and enterprise.”

    Speaking on the partnership, Trishaljit Sethi, Director General of Training at MSDE, said the programme is a step towards bringing “cutting-edge training infrastructure and industry-relevant curriculum” to vocational training centres. “By integrating EV technologies into our ITIs and NSTIs, we are equipping students with hands-on experience aligned with real-world demand,” she said.

    Mansi Madan Tripathy, Chairperson, Shell Group of Companies in India and Senior Vice President, Shell Lubricants, Asia-Pacific, said the programme was part of Shell’s commitment to building a low-carbon future. “Through our collaboration with DGT and Edunet Foundation, we are providing students with practical and future-ready expertise in green energy and electric mobility,” she said.

    The launch comes as India intensifies its push towards net-zero emissions. Government schemes such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME), alongside state-level EV policies in Delhi, Maharashtra, and Tamil Nadu, are driving demand for a skilled green workforce.

    The programme is expected to strengthen employability in green mobility sectors while ensuring alignment with national skill development frameworks.

    June 13, 2025
  • Offered fullest support: EAM Jaishankar speaks to UK, Portugal, Canada over Air India plane crash

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister Dr S. Jaishankar said that he is in touch with his counterparts from the United Kingdom, Portugal, and Canada in the aftermath of the Air India Flight AI-171 crash in Ahmedabad, which claimed 241 lives.

    “In touch with FS @DavidLammy of UK, FM @PauloRangel_pt of Portugal and FM @AnitaAnandMP of Canada regarding the Ahmedabad plane crash. Expressed our profound condolences and offered fullest support in this hour of grief,” Jaishankar wrote in a post on X on Friday.

    He had earlier posted: “Thank all foreign leaders and Governments for their condolences at the tragic loss of lives in the Ahmedabad air crash. We appreciate this deeply.”

    The Air India Boeing 787-8 Dreamliner, operating as Flight AI-171 from Ahmedabad to London Gatwick, crashed shortly after takeoff on June 12, plummeting into a densely populated area near BJ Medical College.

    The crash led to the deaths of 241 of the 242 people on board. The sole survivor, a British national of Indian origin, is currently under medical care.

    Among the deceased were 53 British nationals, 7 Portuguese citizens, and 1 Canadian national, making the tragedy an international one. The Ministry of External Affairs (MEA) has since been coordinating with affected countries, offering full assistance with identification, repatriation, and communication with bereaved families.

    Emergency services continue recovery efforts at the site, while DNA testing is underway at BJ Medical College to identify remains too severely damaged for visual recognition.

    Several families from across India, including those from Gujarat, Maharashtra, and Uttar Pradesh, are still awaiting confirmation of their loved ones.

    The Indian government has assured a thorough investigation into what is now considered one of the deadliest aviation disasters in recent Indian history.

    Authorities from the Directorate General of Civil Aviation (DGCA) and Air India are cooperating with international agencies to determine the cause of the crash.

    (With inputs from agencies)

    June 13, 2025
  • MIL-OSI United Nations: UNECE joins United Nations’ global call-to-action to accelerate social progress through AI-powered virtual worlds

    Source: United Nations Economic Commission for Europe

    UNECE joined forces with 17 other UN entities during the 2nd UN Virtual Worlds Day to urge governments, civil society, academia, and the private sector to harness the transformative potential of AI-powered virtual worlds to drive development that works for all.  

    The call-to-action outlines 12 priorities—from expanding connectivity to promoting responsible use of emerging technologies—in order to ensure that no one is left behind in the fast-evolving digital era.  

    “Harnessing virtual worlds through common frameworks and standards can drive regional cooperation and smart, sustainable development. This initiative speaks to the heart of UNECE’s work to digitize its normative and capacity building instruments and enable communities to deal with the most pressing economic, environmental and social challenges in a data-driven and forward-looking manner,” said UNECE Executive Secretary Tatiana Molcean.  

    Held under the theme “From Innovation to Impact: Delivering on the Pact for the Future”, the second edition of UN Virtual Worlds Day highlighted the importance of interagency cooperation and demonstrated the growing momentum across the UN system to foster shared innovation, global standards, and inclusive digital ecosystems.  

    UNECE presented its policies and frameworks for digital energy transformation, and how they can enable more efficient, sustainable and clean energy systems. The energy sector is responsible for 70% of global GHG emissions, whereas its net useful energy output is estimated at only 5-30% due to conversion, transmission, distribution, and end-use losses. Harnessing digital innovations, such as AI-powered virtual plants and smart grids, can lead to systemic energy efficiency improvements and optimization, reducing energy costs by 80% by optimizing the efficiency of buildings and industrial facilities through retrofitting and electrification. 

    With its policies that support flexible, secure and interoperable energy systems, regulatory innovation that fosters open collaboration, as well as inclusive capacity-building strategies, UNECE is helping UN Member States to achieve system-wide efficiency and resilience in the energy sector. Above all, UNECE promotes a human-centered approach to digitalization that balances innovation with ethical considerations and prioritizes equity, social considerations, and long-term sustainability for a just transition.   

    Twelve priorities for a digital future for all  

    The call-to-action emphasizes the importance of expanding access to meaningful connectivity; empowering people through digital public infrastructure; promoting responsible and transparent use of AI; protecting environmental sustainability and cultural heritage; fostering youth digital skills and innovation; and advancing global standards and multistakeholder collaboration.  

    The priorities in the call directly respond to the Pact for the Future, adopted at the 2024 UN Summit of the Future, and support the implementation of its Global Digital Compact and Declaration for Future Generations, as well as the World Summit on the Information Society+20 (WSIS+20) process beyond 2025.  

    They also offer concrete proposals to inform the 2025 Second World Summit for Social Development (WSSD2), which aims to accelerate action on poverty eradication, the promotion of full employment and decent work, and social inclusion.  

    From vision to action: Partnering to deliver the digital future  

    The second edition of UN Virtual Worlds Day was co-organized by a broad coalition of UN entities, including: ITU, ITCILO, FAO, UNECA, UNECE, UNECLAC, UNESCWA, UNFCCC, UN Guatemala, UN-Habitat, UNICC, UNICEF, UNRISD, UN Tourism, UNU, UN Futures Lab, World Bank, and WIPO.  

    The collaboration illustrates the UN system’s capacity to co-create global solutions and work across sectors and regions to catalyze innovation that serves the public good, promoting open, rights-based digital transformation.  

    The event reaffirmed the need for practical, scalable partnerships to ensure that the benefits of virtual worlds and AI reach rural, remote, and underserved communities worldwide, leaving no one behind.  

    UN Virtual Worlds Day also unveiled the Citiverse Use Case Taxonomy Overview, the first flagship deliverable of the Global Initiative on AI and Virtual Worlds—a UN-led platform for promoting open, interoperable, and trustworthy AI-powered virtual worlds for people, businesses, and public services.  

    The interactive catalogue showcases real-world applications of AI-powered virtual environments transforming education, climate action, urban governance, public services, and economic resilience.  

    Read the full text of the Call-to-Action and explore the Citiverse Use Case Taxonomy: www.itu.int/un-virtual-worlds-day/2025   

    MIL OSI United Nations News –

    June 13, 2025
  • MIL-OSI Asia-Pac: President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel

    Source: Republic of China Taiwan

    Details
    2025-06-05
    President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  
    At noon on June 5, President Lai Ching-te hosted a state banquet at the Presidential Office for President Bernardo Arévalo of the Republic of Guatemala and his wife. In his remarks, President Lai noted that Taiwan and Guatemala have both undergone an arduous democratization process, and therefore, in face of the continuous expansion of authoritarian influence, must join hands in brotherhood and come together in solidarity to safeguard our hard-earned freedom and democracy. President Lai also expressed hope that both countries will work together and continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. A translation of President Lai’s remarks follows: Once again, I would like to offer a warm welcome to President Arévalo and First Lady Lucrecia Peinado, who are leading this delegation to Taiwan. President Arévalo’s previous visit to Taiwan was 31 years ago. Back then, Taiwan did not have direct presidential elections, and the nation was continuing to make progress toward democratization. Today, 31 years later, Taiwan has conducted direct presidential elections eight times, with three transfers of power between political parties. On this visit, I am sure that President Arévalo will gain a deep appreciation for Taiwan’s free and democratic atmosphere.  Taiwan and Guatemala have both undergone an arduous democratization process. A little over 200 years ago, the people of Guatemala took a stand against colonial oppression, seeking national dignity and the freedom of its people. Eighty-one years ago, President Arévalo’s father, Juan José Arévalo, became Guatemala’s first democratically elected president, establishing an important foundation for subsequent democratic development.  Our two peoples have democracy in their blood. Both know the value of freedom and democracy and are willing to take a stand for those values. Therefore, in face of the continuous expansion of authoritarian influence, our two countries must join hands in brotherhood to respond to threats and challenges, and come together in solidarity to safeguard our hard-earned freedom and democracy. I hope that both countries will work together to continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. I hope that on this visit, in addition to gaining a deeper understanding of Taiwan’s political, economic, and social development, President Arévalo can also reacquaint himself with the democratic vitality and cultural diversity of Taiwan by sampling various gourmet delicacies and once again experiencing the beauty of our scenery and warmth of our people. Guatemala is a very beautiful country. In the future, I hope to have a chance to personally experience that beauty, explore Mayan civilization, and savor local Guatemalan coffee. In closing, I wish the visiting delegation a smooth and successful trip, and beautiful, unforgettable memories. May President Arévalo enjoy the best of health, and may the diplomatic friendship between our two countries endure. President Arévalo then delivered remarks, stating that at different times and by different means, the people of Taiwan and Guatemala have relentlessly sought to defend freedom and democracy. We share the same expectations, he said, and are walking the right path amid today’s complex international circumstances.  President Arévalo stated that Taiwan and Guatemala are true democratic nations, where the government’s goal is to serve all the people. He noted that this is far from easy under current circumstances, as many authoritarian regimes use their long-term hold on power to safeguard the interests of select groups and neglect the wellbeing of the population as a whole. President Arévalo said that last week Guatemala commemorated the 40th anniversary of its constitution, which was enacted in 1985 and is Guatemala’s ultimate guide, setting the foundation for democracy and clearly outlining the path ahead. He said that over the past 40 years, Guatemala has continued to follow the democratic blueprint established by the constitution and end the civil war so that the nation could make the transition to real democracy. Although more than a few ambitious people have attempted to destroy that process from within, he noted, the people of Guatemala have never given up the pursuit of democracy as an ideal. President Arévalo stated that our two sides’ coming together here is due to such shared values as freedom and democracy as well as the idea of serving all the people. He underlined that the governments of both countries will continue to work hard and provide mutual support to smooth out each other’s path of democracy, freedom, and justice. President Arévalo emphasized that the government of Guatemala will always be Taiwan’s ally, and that he firmly believes Taiwan is Guatemala’s most reliable partner on the path of democracy and economic prosperity and development. The president said he hopes this visit will be the first step towards setting a new course for the governments and peoples of both countries. Also in attendance at the banquet were Guatemala Minister of Foreign Affairs Carlos Ramiro Martínez, Minister of the Economy Gabriela García, and Guatemala Ambassador Luis Raúl Estévez López.  

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    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-06-03
    President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  
    At noon on June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, conferred a decoration upon President Hilda C. Heine of the Republic of the Marshall Islands, and hosted a state banquet for President Heine and her husband at the Presidential Office. In remarks, President Lai thanked President Heine for her commitment to deepening the diplomatic partnership between our nations and speaking up for Taiwan in the international arena. He also expressed hope for Taiwan and the Marshall Islands to work together to address various challenges through an even greater diversity of exchanges, and that together, we can contribute even more to peace, stability, and development throughout the Pacific region. At the decoration ceremony, President Lai personally conferred the Order of Brilliant Jade with Grand Cordon on President Heine before delivering remarks, a translation of which follows:  The Marshall Islands was the first Pacific ally that I visited after taking office as president. When I arrived there, I was immediately drawn to its beautiful scenery. And I received a very warm welcome from the local people. This gesture showed the profound friendship between our two nations. I was truly touched. I also remember trying your nation’s special Bob Whisky for the first time. The flavor was as unique and impressive as the landscape of the Marshall Islands.  In addition to welcoming our distinguished guests today, we also presented President Heine with the Order of Brilliant Jade with Grand Cordon. On behalf of the people of Taiwan, I want to thank President Heine for her commitment to deepening the diplomatic partnership between our nations, and for staunchly speaking up for Taiwan in the international arena. Both I and the people of Taiwan are profoundly grateful to President Heine for her friendship and support. Over the past few years, cooperation between Taiwan and the Marshall Islands has grown ever closer. And this visit by our distinguished guests will allow our two countries to further expand areas of bilateral exchange. I have always believed that only through mutual assistance and trust can two countries build a longstanding and steadfast partnership. I once again convey my sincere aspiration that Taiwan and the Marshall Islands work together to address various challenges through an even greater diversity of exchanges. Together, we can contribute even more to peace, stability, and development throughout the Pacific region. In closing, I want to thank President Heine and First Gentleman Thomas Kijiner, Jr. for leading this delegation to Taiwan, which deepens the foundations of our bilateral relationship. May our two nations enjoy a long and enduring friendship. President Heine then delivered remarks, stating that she felt especially privileged to receive the Order of Brilliant Jade with Grand Cordon of the Republic of China (Taiwan), and humbly accepted the honor with the utmost gratitude, humility, and deep responsibility. This is a deep responsibility, she said, because she understands that since its inception in 1933, this order has been bestowed upon a select few. She then thanked President Lai for this great honor. President Heine stated that the banquet was not just a celebration of our bilateral friendship, but a true reflection of the generosity of the Taiwan spirit and a testament to the enduring ties between our nations, founded on shared values and aspirations, including a respect for the rule of law, the preservation of human dignity, and a deep commitment to democracy. President Heine stated that the Taiwan-Marshall Islands partnership continues to evolve through practical cooperation and mutual support. In recent years, she said, our countries have worked hand in hand across a range of vital sectors, including the recent opening of the Majuro Hospital AI and Telehealth Center and the ongoing and successful Taiwan Health Center, various technical training and scholarship programs, and various climate change adaptation projects in renewable energy, coastal resilience, and sustainable agriculture.   President Heine emphasized that the Marshall Islands continues to be a proud and vocal supporter of Taiwan’s meaningful participation in the United Nations system and other international organizations. Taiwan’s exclusion from these platforms, she said, is not only unjust, but is bad for the world, and the global community needs Taiwan’s voice and expertise.  President Heine also expressed sincere appreciation to all of the Taiwanese friends who have contributed their efforts to deepening bilateral relations, including government officials, healthcare workers, teachers, engineers, and volunteers. The people of the Marshall Islands, she said, deeply appreciate and value everyone’s efforts and service. President Heine said that as we celebrate our partnership, let us look to the future with hope and determination, continue to work together, learn from one another, and support one another to champion a world where all nations can chart their own course based on peace and international law. Also attending the state banquet were Marshall Islands Council of Iroij Chairman Lanny Kabua, Minister of Foreign Affairs and Trade Kalani R. Kaneko, Minister of Finance David Paul, Nitijela Standing Committee on Foreign Affairs and Trade Chairperson Joe Bejang, and Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.  

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    2025-06-03
    President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements
    On the morning of June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Hilda C. Heine of the Republic of the Marshall Islands at the Presidential Office following a welcome ceremony with military honors for her and her husband. The leaders also jointly witnessed the signing of a letter of intent for sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund. President Lai then presided over a launch ceremony for a loan program to purchase aircraft. In remarks, President Lai thanked the government and the Nitijela (parliament) of the Marshall Islands for their longstanding support for Taiwan’s international participation and for voicing staunch support for Taiwan at numerous international venues. President Lai said that Taiwan looks forward to continuing to deepen its diplomatic partnership with the Marshall Islands and build an even closer cooperative relationship across a range of fields, engaging in mutual assistance for mutual benefits and helping each other achieve joint and prosperous development to yield even greater well-being for our peoples. A translation of President Lai’s remarks follows: I once again warmly welcome President Heine, First Gentleman Thomas Kijiner, Jr., and our guests to Taiwan. During my visit to the Marshall Islands last year, I said that Taiwan and the Marshall Islands are truly a family. When Vice President Hsiao and I took office last year, President Heine led a delegation to Taiwan. It is now one year since our inauguration, and I am delighted to see President Heine once again, just as if I were seeing family arrive from afar. Through my visit to the Marshall Islands, I gained a profound sense of the friendship between the peoples of our two nations, well-demonstrated by bilateral exchanges in such areas as healthcare, agriculture, and education. And it is thanks to President Heine’s longstanding support for Taiwan that our countries have been able to further advance collaboration on even more issues, including women’s empowerment and climate change. In recent years, the geopolitical and economic landscape has changed rapidly. We look forward to Taiwan and the Marshall Islands continuing to deepen our partnership and build an even closer cooperative relationship. In just a few moments, President Heine and I will witness the signing of several documents, including a memorandum of understanding and a letter of intent, to expand bilateral cooperation in such fields as sports, education, and transportation. Taiwan will take concrete action to work with the Marshall Islands and advance mutual prosperity and development, writing a new chapter in our diplomatic partnership. I would also like to take this opportunity to express gratitude to the government and Nitijela of the Marshall Islands. In recent years, the Nitijela has passed annual resolutions backing Taiwan’s international participation, and President Heine and Marshallese cabinet members have been some of the strongest advocates for Taiwan’s international participation, voicing staunch support for Taiwan at numerous international venues. Building on the pillars of democracy, peace, and prosperity, Taiwan will continue to work with the Marshall Islands and other like-minded countries to deepen our partnerships, engage in mutual assistance for mutual benefits, and help one another achieve joint and prosperous development. I have every confidence that the combined efforts of our two nations will yield even greater well-being for our peoples and see us make even more contributions to the world. President Heine then delivered remarks, and began by conveying warm greetings of iokwe from the people and government of the Republic of the Marshall Islands to the people and government of the Republic of China (Taiwan). She said she was deeply honored to be in Taiwan for an official visit, and extended appreciation to President Lai and his government for their gracious invitation and warm welcome. President Heine stated that this year marks 27 years of diplomatic ties between our two nations, and that they are proud of this enduring friendship. This special and enduring relationship, she said, is grounded in our shared Austronesian heritage, and strengthened by mutual respect for each other’s democratic systems and our steadfast commitment to the core values of freedom, justice, and the rule of law. President Heine stated that Taiwan’s continued support has been invaluable to the people and national development of the Marshall Islands, particularly in the areas of health, education, agriculture, and climate change. She also expressed deep appreciation to Taiwan for providing Marshallese students with opportunities to study in Taiwan, and for the care extended to Marshallese who travel here for medical treatment. President Heine also announced that she would be presenting a copy of a resolution by the people and government of the Republic of the Marshall Islands reiterating their appreciation for the support provided by the people and government of the Republic of China (Taiwan), and calling on the United Nations to take immediate action to resolve the inappropriate exclusion of Taiwan’s 23 million people from the UN system. She added that she looked forward to the bilateral discussions later that day, and to continuing the important work that both countries carry out together. After the bilateral talks, President Lai and President Heine witnessed the signing of a letter of intent regarding sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund by Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Marshallese Minister of Foreign Affairs and Trade Kalani R. Kaneko. President Lai then presided over a launch ceremony for a loan program to purchase aircraft, marking the formal beginning of Taiwan-Marshall Islands air transport cooperation. The visiting delegation also included Council of Iroij Chairman Lanny Kabua, Minister of Finance David Paul, and Nitijela Standing Committee on Foreign Affairs and Trade Chair Joe Bejang. They were accompanied to the Presidential Office by Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.

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    2025-06-03
    President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
    President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    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 –

    June 13, 2025
  • MIL-OSI: Temenos named best-selling core banking provider for 20th consecutive year by IBS Intelligence

    Source: GlobeNewswire (MIL-OSI)

    GRAND-LANCY, Switzerland, June 13, 2025 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), a global leader in banking technology, today announced it has been recognized as the #1 best-selling software provider in 13 categories in the IBSi Sales League Table (SLT) 2025.

    Temenos ranked #1 for core banking for the 20th consecutive year, while also topping the table for categories covering digital, payments, wealth and Islamic banking. The results highlight the breadth of Temenos’ leadership as the banking technology provider of choice across multiple product segments.

    The IBS Intelligence Annual Sales League Table is an annual benchmarking exercise, which is now in its 24th year and is based on the number of new customer contracts signed in a calendar year. The SLT is recognized as the barometer for financial technology providers’ sales performance across the banking industry.

    Jean-Pierre Brulard, CEO, Temenos, said: “I’m delighted to see Temenos top the rankings in 13 different categories in the IBSi Sales League Table, highlighting the strength and breadth of our market-leading capabilities. Being named the number one core banking software provider globally for 20 years in a row reflects both our customer-centric focus and relentless investment in innovation. As we continue to lead banking forward with the launch of game-changing Generative and Agentic AI capabilities, the advanced functionality, agility and scalability of our solutions makes Temenos a compelling choice for banks of all sizes around the world.”

    Temenos ranked #1 In the IBSi SLT 2025 across the following 13 categories:

    • Universal Banking – Core
    • Digital Banking and Channels
    • Payments – Retail
    • Private Banking and Wealth Management
    • Risk Management
    • Treasury and Risk Management
    • Digital Only Banks
    • Datawarehouse & BI
    • Islamic Banking – Universal Banking – Core
    • Islamic Banking – Risk Management
    • Islamic Banking – Payments – Retail
    • Islamic Banking – Wholesale Banking Treasury
    • Islamic Banking – Digital Banking and Channels

    With its market-leading core banking suite and best-in-class modular solutions, Temenos offers financial institutions choice, flexibility and a proven path to banking modernization – underpinned with cloud-native architecture, and embedded AI. Trusted by over 950 core banking clients and over 650 digital clients around the world, Temenos software can be deployed on-premises, in the cloud, or as SaaS.

    Investing around 20% of revenues in R&D, Temenos continues to enhance its capabilities. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster, as well as an FCM AI Agent that can help banks significantly reduce false positives in sanctions screening.

    Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence, commented: “The 2025 edition of the IBSi Sales League Table reflects the growing maturity of digital transformation across the global banking industry. With sustained investment in modern core platforms, intelligent digital channels, and real-time payments, banks are clearly prioritizing agility, scale, and customer experience. Temenos has once again demonstrated exceptional global leadership, with standout performance in Core, Digital, Payments, and Risk. On behalf of IBSi, I extend my congratulations to the Temenos team for consistently being at the forefront of innovation and execution. The SLT continues to serve as a trusted benchmark for momentum in banking technology worldwide.”

    Recognition in the IBSi SLT is the latest industry accolade for Temenos, which was also named a Leader in the 2024 IDC MarketScapes for Digital Core Banking Platforms in North America, EMEA and Asia Pacific and in the Forrester Wave™: Digital Banking Processing Platforms, Q4 2024.

    The MIL Network –

    June 13, 2025
  • MIL-OSI Economics: ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future

    Source: ASEAN

    SIEM REAP, 13 JUNE 2025 – The 2025 ASEAN Digital Senior Officials’ Meeting and ASEAN Telecommunications Regulators’ Council (ADGSOM – ATRC) Joint Working Group and Related Meetings with Dialogue and Development Partners took place on 9-13 June 2025 in Siem Reap, Cambodia.
     
    The 5-day event was chaired by Thailand as the ADGSOM Chair for 2025. The meeting discussed the on-going 2025 ADGSOM and ATRC activities, and deliberated the proposed ADGSOM and ATRC projects for the 2026 Work Cycle for which will be submitted to the 6th ADGSOM for endorsement and the 6th ADGMIN for approval. Additionally, the 15th Sub-Working Group on Spectrum Management (SSM-15) and the 16th ASEAN Network Security Action Council (ANSAC) were held on the sidelines, to discuss ASEAN Member States’ (AMS) collective measures in tackling spectrum and cybersecurity issues, respectively.
     
    Under the theme of Thailand’s ADGMIN Chairmanship in 2025, “Secure, Innovative, Inclusive: Shaping ASEAN’s Digital Future” is essential to fully unlock the potential of ASEAN Digital Economy by harnessing the transformative power of artificial intelligence (AI) which requires multiple stakeholder’s collaboration including policy makers, private sector and the community towards shaping ASEAN’s Digital Future.
     
    The Meeting welcomed the progress of a joint collaboration between ADGSOM and the ASEAN Foundation to organise the ASEAN Digital Forum 2026 at the 6th ADGMIN in early 2026 in Viet Nam. The meeting also welcomed the progress of the ASEAN Digital Outlook 2026 under ASEAN Foundation’s AI Ready ASEAN initiative, supported by Google.org.
     
    As the ASEAN Digital Masterplan 2025 (ADM2025) approaches its conclusion, the meeting reaffirmed the importance of sustaining the region’s digital transformation momentum through the upcoming ASEAN Digital Masterplan 2030 (ADM2030). ADM2030 will serve as a visionary framework that will set the pace for ASEAN’s digital future over the next 5 years. In this regard, Viet Nam has been entrusted to lead the development of ADM2030 in 2025, targeted for endorsement at the 6th ADGMIN in early 2026.
     
     
    ###
     

    Photo Credit: Ministry of Post and Telecommunications of Cambodia
    The post ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 13, 2025
  • MIL-OSI China: China’s VAT data reflects steady economic growth in May

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

    China’s value-added tax (VAT) invoice data released by the State Taxation Administration on Friday indicates that the Chinese economy had remained on a stable footing in May, with strong momentum in manufacturing, innovation and the private sector.

    Manufacturing remained a key economic stabilizer, accounting for 30.1 percent of total corporate sales in May. Sales in equipment manufacturing rose 7.5 percent year on year, with strong performances in the rail, ship, aviation and aerospace equipment, computer and telecom devices, and electrical machinery categories.

    High-tech industries continued to expand last month, with sales up 15 percent year on year. The core digital economy sector grew by 11.2 percent, while corporate spending on digital technologies increased 10.9 percent.

    Notably, sales of industrial and special-purpose robots surged 13.2 percent and 28.3 percent, respectively, underscoring progress in AI-driven manufacturing.

    Private businesses also saw robust growth, with sales rising 0.9 percentage points faster than the national average — accounting for 72.3 percent of total corporate sales.

    Meanwhile, growth in manufacturing and high-tech sectors involving private firms outpaced the overall industry by 1.3 and 0.7 percentage points, respectively, in May. 

    MIL OSI China News –

    June 13, 2025
  • New training initiative launched to prepare youth for green jobs

    Source: Government of India

    Source: Government of India (4)

    The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), has partnered with Shell India to launch a Green Skills and Electric Vehicle (EV) training programme. The initiative, implemented by Edunet Foundation, Shell’s training partner, will be conducted across selected Industrial Training Institutes (ITIs) and National Skill Training Institutes (NSTIs) in Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, and Karnataka.

    The initiative is part of the Centre’s broader efforts to align skill development with India’s transition to a low-carbon future. It is aimed at preparing students and trainers for emerging opportunities in green energy and e-mobility sectors.

    According to the MSDE, the programme will be delivered in a phased, multi-tier model. Four NSTIs will host a 240-hour advanced EV Technician course covering EV systems, diagnostics, and battery technologies. In parallel, 12 ITIs equipped with Shell-supported laboratories will offer a 90-hour job-oriented EV skills course. An additional 50-hour foundational green skills module is being introduced in ITIs without physical labs to build basic awareness around sustainability.

    All modules have been jointly developed by DGT, Shell India, and Edunet Foundation, and are aligned with industry requirements. More than 250 trainers will also undergo upskilling under a dedicated Training of Trainers (ToT) component. On completion, participants will receive certification jointly issued by Shell and DGT, and receive structured placement support.

    A key feature of the programme is the establishment of specialised EV skill labs within selected institutes, aimed at delivering hands-on training and practical exposure to industry standards.

    “This collaboration with Shell India reflects the government’s deeper commitment to aligning skilling with sustainability,” said Shri Jayant Chaudhary, Minister of State (Independent Charge), MSDE and Minister of State for Education. “Green energy, electric mobility, and the broader climate transition are not just environmental imperatives—they represent a generational opportunity for India to lead through innovation, talent, and enterprise.”

    Speaking on the partnership, Trishaljit Sethi, Director General of Training at MSDE, said the programme is a step towards bringing “cutting-edge training infrastructure and industry-relevant curriculum” to vocational training centres. “By integrating EV technologies into our ITIs and NSTIs, we are equipping students with hands-on experience aligned with real-world demand,” she said.

    Mansi Madan Tripathy, Chairperson, Shell Group of Companies in India and Senior Vice President, Shell Lubricants, Asia-Pacific, said the programme was part of Shell’s commitment to building a low-carbon future. “Through our collaboration with DGT and Edunet Foundation, we are providing students with practical and future-ready expertise in green energy and electric mobility,” she said.

    The launch comes as India intensifies its push towards net-zero emissions. Government schemes such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME), alongside state-level EV policies in Delhi, Maharashtra, and Tamil Nadu, are driving demand for a skilled green workforce.

    The programme is expected to strengthen employability in green mobility sectors while ensuring alignment with national skill development frameworks.

    June 13, 2025
  • MIL-OSI Banking: ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future

    Source: ASEAN

    SIEM REAP, 13 JUNE 2025 – The 2025 ASEAN Digital Senior Officials’ Meeting and ASEAN Telecommunications Regulators’ Council (ADGSOM – ATRC) Joint Working Group and Related Meetings with Dialogue and Development Partners took place on 9-13 June 2025 in Siem Reap, Cambodia.
     
    The 5-day event was chaired by Thailand as the ADGSOM Chair for 2025. The meeting discussed the on-going 2025 ADGSOM and ATRC activities, and deliberated the proposed ADGSOM and ATRC projects for the 2026 Work Cycle for which will be submitted to the 6th ADGSOM for endorsement and the 6th ADGMIN for approval. Additionally, the 15th Sub-Working Group on Spectrum Management (SSM-15) and the 16th ASEAN Network Security Action Council (ANSAC) were held on the sidelines, to discuss ASEAN Member States’ (AMS) collective measures in tackling spectrum and cybersecurity issues, respectively.
     
    Under the theme of Thailand’s ADGMIN Chairmanship in 2025, “Secure, Innovative, Inclusive: Shaping ASEAN’s Digital Future” is essential to fully unlock the potential of ASEAN Digital Economy by harnessing the transformative power of artificial intelligence (AI) which requires multiple stakeholder’s collaboration including policy makers, private sector and the community towards shaping ASEAN’s Digital Future.
     
    The Meeting welcomed the progress of a joint collaboration between ADGSOM and the ASEAN Foundation to organise the ASEAN Digital Forum 2026 at the 6th ADGMIN in early 2026 in Viet Nam. The meeting also welcomed the progress of the ASEAN Digital Outlook 2026 under ASEAN Foundation’s AI Ready ASEAN initiative, supported by Google.org.
     
    As the ASEAN Digital Masterplan 2025 (ADM2025) approaches its conclusion, the meeting reaffirmed the importance of sustaining the region’s digital transformation momentum through the upcoming ASEAN Digital Masterplan 2030 (ADM2030). ADM2030 will serve as a visionary framework that will set the pace for ASEAN’s digital future over the next 5 years. In this regard, Viet Nam has been entrusted to lead the development of ADM2030 in 2025, targeted for endorsement at the 6th ADGMIN in early 2026.
     
     
    ###
     

    Photo Credit: Ministry of Post and Telecommunications of Cambodia
    The post ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    June 13, 2025
  • MIL-OSI Russia: “Culture Plus” Attracts Russian Tourists: Russian Guests Visit Heihe in Large Numbers

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, June 13 (Xinhua) — “I have been to Heihe (Northeast China’s Heilongjiang Province) many times, and learned to speak a little Chinese, use chopsticks and cut out paper patterns,” said Russian tourist Natasha, who recently arrived in Heihe. She ate youtiao (deep-fried dough sticks) with soy milk for breakfast at an international morning market, watched Yangge folk dances and learned to dance at a riverside square, the China Culture Daily reported.

    Heihe in Heilongjiang Province and Blagoveshchensk in Russia are separated by the Heilongjiang River (Amur), forming a “Russian-Chinese twin city.” Cultural exchanges between the cities are flourishing: exhibitions, performances, fairs, training programs and workshops on intangible cultural heritage deepen mutual understanding between residents of the two cities.

    Zou Xiangdong, an official with the Heilongjiang Provincial Department of Culture and Tourism, emphasized: “Heilongjiang Province is unleashing the potential of border cultural resources, creating a key platform for people-to-people exchanges with Russia. This is conducive to deepening cultural understanding and strengthening the traditional friendship between the peoples of China and Russia.”

    The 15th China-Russia Cultural Festival will open in Heihe in July 2025 and end in Blagoveshchensk in August 2025. The event includes 4 key blocks /high-level visits, cultural exchanges, tourism promotion, creation of a border cultural and tourism corridor/ and 40 events /joint exhibitions of Chinese-Russian cultural exchange, ICH fairs, cultural performances/.

    Organized by the ministries of culture of the two countries and the governments of Heilongjiang Province and Amur Region, the festival has become a brand of bilateral cooperation in the cultural field. Zheng Wanming, associate professor at Heilongjiang Institute of Technology, noted that Heilongjiang uses cities as bridges, trade as a link, and culture as a mediator, continuously enriching the content of bilateral exchanges.

    From Heihe to Mohe and Hegang, 18 border cities in Heilongjiang Province are developing unique cultural cooperation projects with Russia. Tan Bo, director of Heilongjiang Academy of Arts, explains that relying on these resources, Heilongjiang Province has consistently built a brand of Chinese-Russian cultural exchanges, which has significantly raised the level of bilateral cooperation.

    Over the years, cooperation has expanded from artistic performances and NKH exhibitions to interaction in the fields of education, tourism and sports.

    According to Zou Xiangdong, Heilongjiang Province will develop cultural exchange brands with Russia to improve their level and ensure their high-quality development. -0-

    MIL OSI Russia News –

    June 13, 2025
  • MIL-Evening Report: News of the Air India plane crash is traumatic. Here’s how to make sense of the risk

    Source: The Conversation (Au and NZ) – By Hassan Vally, Associate Professor, Epidemiology, Deakin University

    simonkr/Getty Images

    On Thursday afternoon local time, an Air India passenger plane bound for London crashed shortly after takeoff from the northwestern Indian city of Ahmedabad. There were reportedly 242 people onboard, including two pilots and ten cabin crew.

    The most up-to-date reports indicate the death toll has surpassed 260, including people on the ground.

    Miraculously, one passenger – British national Vishwashkumar Ramesh – survived the crash.

    Thankfully, catastrophic plane crashes such as this are very rare. But seeing news of such a horrific event is traumatic, particularly for people who may have a fear of flying or are due to travel on a plane soon.

    If you’re feeling anxious following this distressing news, it’s understandable. But here are some things worth considering when you’re thinking about the risk of plane travel.

    Just how dangerous is flying?

    One of the ways to make sense of risks, especially really small ones, is to put them into context.

    Although there are various ways to do this, we can first look to figures that tell us the risk of dying in a plane crash per passenger who boards a plane. Arnold Barnett, a professor at the Massachusetts Institute of Technology, calculated that in 2018–22, this figure was one in 13.7 million. By any reckoning, this is an incredibly small risk.

    And there’s a clear trend of air travel getting safer every decade. Barnett’s calculations suggest that between 2007 and 2017, the risk was one per 7.9 million.

    We can also compare the risks of dying in a plane crash with those of dying in a car accident. Although estimates of motor vehicle fatalities vary depending on how you do the calculations and where you are in the world, flying has been estimated to be more than 100 times safer than driving.

    Evolution has skewed our perception of risks

    The risk of being involved in a plane crash is extremely small. But for a variety of reasons, we often perceive it to be greater than it is.

    First, there are well-known limitations in how we intuitively estimate risk. Our responses to risk (and many other things) are often shaped far more by emotion and instinct than by logic.

    As psychologist Daniel Kahneman explains in his book Thinking, Fast and Slow, much of our thinking about risk is driven by intuitive, automatic processes rather than careful reasoning.

    Notably, our brains evolved to pay attention to threats that are striking or memorable. The risks we faced in primitive times were large, immediate and tangible threats to life. Conversely, the risks we face in the modern world are generally much smaller, less obvious, and play out over the longer term.

    The brain that served us well in prehistoric times has essentially remained the same, but the world has completely changed. Therefore, our brains are susceptible to errors in thinking and mental shortcuts called cognitive biases that skew our perception of modern risks.

    This can lead us to overestimate very small risks, such as plane crashes, while underestimating far more probable dangers, such as chronic diseases.

    Why we overestimate the risks of flying

    There are several drivers of our misperception of risks when it comes to flying specifically.

    The fact events such as the Air India plane crash are so rare makes them all the more psychologically powerful when they do occur. And in today’s digital media landscape, the proliferation of dramatic footage of the crash itself, along with images of the aftermath, amplifies its emotional and visual impact.

    The effect these vivid images have on our thinking around the risks of flying is called the availability heuristic. The more unusual and dramatic an event is, the more it stands out in our minds, and the more it skews our perception of its likelihood.

    It’s natural to perceive the risk of flying as being greater than it truly is.
    OlegRi/Shutterstock

    Another influence on the way we perceive risks relevant to flying is called dread risk, which is a psychological response we have to certain types of threats. We fear certain risks that feel more catastrophic or unfamiliar. It’s the same reason we may disproportionately fear terrorist attacks, when in reality they’re very uncommon.

    Plane crashes usually involve a large number of deaths that occur at one time. And the thought of going down in a plane may feel more frightening than dying in other ways. All this taps into the emotions of fear, vulnerability and helplessness, and leads to an overweighting of the risks.

    Another factor that contributes to our overestimation of flying risks is our lack of control when flying. When we’re passengers on a plane, we are in many ways completely dependent on others. Even though we know pilots are highly trained and commercial aviation is very safe, the lack of control we have as passengers triggers a deep sense of vulnerability.

    This absence of control makes the situation feel riskier than it actually is, and often riskier than activities where the threat is far greater but there is an (often false) sense of control, such as driving a car.

    In a nutshell

    We have an evolutionary bias toward reacting more strongly to particular threats, especially when these events are dramatic, evoke dread and when we feel an absence of control.

    Although events such as Air India crash affect us deeply, air travel is still arguably the safest method of transport. Understandably, this can get lost in the emotional aftermath of tragic plane crashes.

    Hassan Vally 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. News of the Air India plane crash is traumatic. Here’s how to make sense of the risk – https://theconversation.com/news-of-the-air-india-plane-crash-is-traumatic-heres-how-to-make-sense-of-the-risk-258907

    MIL OSI Analysis – EveningReport.nz –

    June 13, 2025
  • MIL-OSI Global: News of the Air India plane crash is traumatic. Here’s how to make sense of the risk

    Source: The Conversation – Global Perspectives – By Hassan Vally, Associate Professor, Epidemiology, Deakin University

    simonkr/Getty Images

    On Thursday afternoon local time, an Air India passenger plane bound for London crashed shortly after takeoff from the northwestern Indian city of Ahmedabad. There were reportedly 242 people onboard, including two pilots and ten cabin crew.

    The most up-to-date reports indicate the death toll has surpassed 260, including people on the ground.

    Miraculously, one passenger – British national Vishwashkumar Ramesh – survived the crash.

    Thankfully, catastrophic plane crashes such as this are very rare. But seeing news of such a horrific event is traumatic, particularly for people who may have a fear of flying or are due to travel on a plane soon.

    If you’re feeling anxious following this distressing news, it’s understandable. But here are some things worth considering when you’re thinking about the risk of plane travel.

    Just how dangerous is flying?

    One of the ways to make sense of risks, especially really small ones, is to put them into context.

    Although there are various ways to do this, we can first look to figures that tell us the risk of dying in a plane crash per passenger who boards a plane. Arnold Barnett, a professor at the Massachusetts Institute of Technology, calculated that in 2018–22, this figure was one in 13.7 million. By any reckoning, this is an incredibly small risk.

    And there’s a clear trend of air travel getting safer every decade. Barnett’s calculations suggest that between 2007 and 2017, the risk was one per 7.9 million.

    We can also compare the risks of dying in a plane crash with those of dying in a car accident. Although estimates of motor vehicle fatalities vary depending on how you do the calculations and where you are in the world, flying has been estimated to be more than 100 times safer than driving.

    Evolution has skewed our perception of risks

    The risk of being involved in a plane crash is extremely small. But for a variety of reasons, we often perceive it to be greater than it is.

    First, there are well-known limitations in how we intuitively estimate risk. Our responses to risk (and many other things) are often shaped far more by emotion and instinct than by logic.

    As psychologist Daniel Kahneman explains in his book Thinking, Fast and Slow, much of our thinking about risk is driven by intuitive, automatic processes rather than careful reasoning.

    Notably, our brains evolved to pay attention to threats that are striking or memorable. The risks we faced in primitive times were large, immediate and tangible threats to life. Conversely, the risks we face in the modern world are generally much smaller, less obvious, and play out over the longer term.

    The brain that served us well in prehistoric times has essentially remained the same, but the world has completely changed. Therefore, our brains are susceptible to errors in thinking and mental shortcuts called cognitive biases that skew our perception of modern risks.

    This can lead us to overestimate very small risks, such as plane crashes, while underestimating far more probable dangers, such as chronic diseases.

    Why we overestimate the risks of flying

    There are several drivers of our misperception of risks when it comes to flying specifically.

    The fact events such as the Air India plane crash are so rare makes them all the more psychologically powerful when they do occur. And in today’s digital media landscape, the proliferation of dramatic footage of the crash itself, along with images of the aftermath, amplifies its emotional and visual impact.

    The effect these vivid images have on our thinking around the risks of flying is called the availability heuristic. The more unusual and dramatic an event is, the more it stands out in our minds, and the more it skews our perception of its likelihood.

    It’s natural to perceive the risk of flying as being greater than it truly is.
    OlegRi/Shutterstock

    Another influence on the way we perceive risks relevant to flying is called dread risk, which is a psychological response we have to certain types of threats. We fear certain risks that feel more catastrophic or unfamiliar. It’s the same reason we may disproportionately fear terrorist attacks, when in reality they’re very uncommon.

    Plane crashes usually involve a large number of deaths that occur at one time. And the thought of going down in a plane may feel more frightening than dying in other ways. All this taps into the emotions of fear, vulnerability and helplessness, and leads to an overweighting of the risks.

    Another factor that contributes to our overestimation of flying risks is our lack of control when flying. When we’re passengers on a plane, we are in many ways completely dependent on others. Even though we know pilots are highly trained and commercial aviation is very safe, the lack of control we have as passengers triggers a deep sense of vulnerability.

    This absence of control makes the situation feel riskier than it actually is, and often riskier than activities where the threat is far greater but there is an (often false) sense of control, such as driving a car.

    In a nutshell

    We have an evolutionary bias toward reacting more strongly to particular threats, especially when these events are dramatic, evoke dread and when we feel an absence of control.

    Although events such as Air India crash affect us deeply, air travel is still arguably the safest method of transport. Understandably, this can get lost in the emotional aftermath of tragic plane crashes.

    Hassan Vally 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. News of the Air India plane crash is traumatic. Here’s how to make sense of the risk – https://theconversation.com/news-of-the-air-india-plane-crash-is-traumatic-heres-how-to-make-sense-of-the-risk-258907

    MIL OSI – Global Reports –

    June 13, 2025
  • MIL-OSI Economics: Yannis Stournaras: Central banks – opportunities and implications posed by artificial intelligence

    Source: Bank for International Settlements

    Introduction

    Many thanks to the conference organisers for inviting me to be here today. It’s a privilege to be part of this dialogue that is helping to shape the digital era.

    Central banks may seem far removed from your world-but we share an important feature: all of us are engaged in understanding complexity, managing uncertainty, and preparing for the future.

    Today, I would like to discuss how central banks can harness the transformative potential of artificial intelligence (AI) in their mission to safeguard monetary and financial stability. My remarks will unfold along three dimensions, focusing on several important issues, but without being exhaustive.

    • First, on the ways that AI intersects with our monetary policy strategy at the European Central Bank (ECB).
    • Second, on the opportunities AI offers to central banks for efficiency gains in areas such as communication and economic analysis.
    • Third, on the implications posed by AI for price stability, monetary policy transmission and financial stability.

    Intersections of monetary policy strategy with AI

    So, let me briefly discuss the ways that AI intersects with our monetary policy strategy.

    When the ECB Governing Council embarked on its strategy review last year, we made it clear that price stability remains our objective. We also decided to keep the symmetric, 2% inflation target unchanged.

    The clarity which that objective provides, and our success in achieving that objective, have provided the ECB with credibility, which was essential in keeping inflation expectations anchored around the 2 per cent level during the recent inflation surge.

    Although our updated strategy is only expected to be concluded and announced later this year, the following is important.

    When the review was initiated, no one could have possibly foreseen the tectonic eruptions to the geopolitical landscape that ensued.

    These developments have only reinforced the importance of the review and the need to ensure that our policies will remain fit for a rapidly evolving world — a world that is now being shaped by geopolitical tensions, trade disruptions, ongoing climate change, and rapid advances in artificial intelligence.

    In such a world, central banks need to be able to respond with agility, which is undoubtedly a guiding virtue for everyone in this room.

    We have to deliver a strategy that is not only robust but also flexible: one that allows adjustments to the monetary policy stance and our toolkit in response to shocks and provides a foundation that can guide the Governing Council in navigating through challenges in the years to come.

    In today’s fast-moving environment-where inflation dynamics can shift rapidly, financial conditions are increasingly volatile and uncertainty is ever-present-we need to improve our ability to communicate, assess economic developments in real time and make more accurate projections of the outlook to guide our monetary policy making.

    This is where AI begins to play a potentially transformative role. In the following, I will focus on the opportunities provided by AI in core central banking fields, namely communication and economic analysis.

    Opportunity to enhance communication

    I start with communication.

    Central banks have come a long way in their communication strategies. As you may know, it was not always the case that the words “central bank” and “communication” could even stand together in the same sentence.

    In the 1960s and 1970s, the conventional wisdom among central bankers was: “the less said, the better.” The aim was often to surprise markets with the announcement of their policy decisions. Significant policy decisions were sometimes made without immediate public disclosure, and the rationale behind them was not always transparently communicated. The language used would often make the oracles of Delphi seem crystal clear.

    Alan Greenspan once captured this perfectly when he said, “if I seem unduly clear to you, you must have misunderstood what I said.”

    Things began to change in the 1980s and 1990s. Two factors, in particular, helped bring about this change.

    The first factor was credibility. As more and more central banks adopted inflation targeting frameworks, they realized that to achieve their targets, they needed to control inflation expectations. In other words, they needed to be credible.

    The second factor was independence. As central banks achieved independence from politicians, they also had to communicate in a transparent way with the public to help build trust, and safeguard accountability.

    An important corollary of the improved communication is that it has increased the effectiveness of monetary policy transmission.

    The previous ECB strategy review in 2021 consolidated this finding, while also calling for central banks in the euro area to use simpler and engaging language to directly access a broader audience.

    More recently, efforts are being made to exploit AI for the benefit of our communication processes, to enhance transparency, foster trust, and ensure that our monetary policy reaction function is clearly understood, thereby supporting the anchoring of inflation expectations.

    An important application involves the sentiment analysis of official publications, such as monetary policy statements, speeches, and press releases. For example, using Large Language Models (LLMs) the impact of ECB statements on financial markets1 can be explored. This kind of work helps understand how the language in communications shapes market expectations for inflation and interest rates.

    AI models can be trained on financial and policy-specific issues to detect subtle shifts in tone – such as whether a message appears more hawkish (in favour of tighter monetary policy) or dovish (in favour of looser monetary policy) – before publication. This allows communications teams to adjust language in order to ensure it aligns with the intended policy signal, minimising the risk of misinterpretation by the markets that could trigger undue volatility.

    AI can also play a growing role in the crafting and refining of speeches by policy makers. LLMs can support a consistent voice in communication, while also tailoring the tone and content to specific audiences – be it financial market analysts, other expert audiences, or the wider public.

    Moreover, AI supports a wide range of multilingual and accessibility needs. Machine translation models – fine-tuned for economic and legal language – help ensure timely publication of central bank materials across multiple official languages, a feature very useful to the European System of Central Banks which speaks all 24 official languages of the EU.

    Recourse to AI for communication purposes, however, necessitates caution. Over-reliance on AI in crafting and interpreting central bank communications could create an “echo chamber.” This would occur when AI tools respond to, and amplify, each other’s outputs, leading to overly uniform narratives and repetitive signals, that may distort the policymakers’ message. This is a clear case that illustrates the need for human oversight in overviewing processes to ensure that communication stays varied, accurate, and relevant.

    Opportunity to improve central bank economic analysis and decision making

    Another area that AI is poised to enhance is economic analysis. Following the AI revolution, we have started to build expertise in incorporating AI and non-traditional data in our analytical tools. These tools are rapidly being applied in the economic analyses that inform our monetary policy decisions.

    A question however arises: Is the use of AI in this context a hype? Or could it mark a methodological revolution that will help us better pursue our mandate? I believe that there are unique opportunities but also several challenges.

    First, central banks rely heavily on economic data to make informed decisions on monetary policy. Traditional statistical methods may not be sufficient to apprehend the complexity of the current uncertain environment. The use of LLMs can deliver enhanced data processing and analysis of unstructured data sets of textual data (like news articles or social media). This enables us to access new and non-traditional data sources, that could provide useful insights into our policies.

    Furthermore, machine learning (ML) models can quickly detect patterns, trends, and potential risks that might not be visible using traditional methods. Thus, we could identify structural breaks and patterns that would otherwise be difficult to detect.

    These tools can also help identify non-linear relationships. This is particularly important in a complex environment, since capturing non-linearities in the data is essential to understanding how the economy will evolve under stress and how seemingly small disturbances could lead to large-scale economic disruptions.

    In addition, by processing real-time data, AI can provide timely insights and rigorous analysis, allowing central banks more flexibility in decision making. This is valuable in a world prone to shocks and in times of pervasive uncertainty.

    There is also a possibility that these tools will be useful in the prediction of turning points in the business cycle and of tail events, such as fiscal crises.

    Finally, AI could improve forecasting and nowcasting inflation and economic activity. The Eurosystem already uses AI to improve its forecasting processes. For example, ML techniques are applied in inflation forecasting2 or in nowcasting global trade3. Moreover, short-term forecasts of economic activity are informed by sentiment indicators derived from the textual analysis of news, using LLMs4. Research5 at the Bank of Greece has produced forecasting models of inflation based on textual indicators of supply and demand disturbances in commodity markets. With the help of AI tools, these indicators can be updated on a daily basis and thus help predict inflation more accurately. This research has found that out-of-sample inflation forecast errors are reduced by up to 30 per cent.

    Still, there are several challenges.

    First, AI models are often complex and opaque, lacking transparency. Being like a “black box”, they are – at least for the time being – difficult to reconcile with the principles of transparency and accountability of central banks.

    Second, AI models (usually LLMs) could occasionally provide inaccurate or misleading information, raising practical, reputational and legal concerns. Therefore, human supervision is of the essence, especially in processes that require rational reasoning.

    Third, the quality of non-traditional data is often poor and the process of reconciling these data with our existing data sources is demanding. In a similar vein, the use of AI should not create an over-reliance on machine-driven outcomes.

    Overall, I believe that AI is a potent technology which has already brought about tectonic shifts in economic analysis. Its potential is still unfolding, and the benefits it offers are only beginning to be realised. The cutting-edge research promoted at this conference marks a point of methodological revolution. I believe that such research will fundamentally transform the way we understand economic dynamics and will ultimately enable us to make better-informed decisions.

    While AI opens unique opportunities for central banks in the pursuit of their mandate, it also brings a number of emerging implications that we must carefully consider. I’d like to share what I see as some of the most significant.

    Implications on productivity, employment, inflation

    Let me start with the effects on the macroeconomic outlook.

    AI has strong potential to raise productivity, both through its direct impact on total factor productivity, but also through improvements of efficiency on individual firm level. However, the aggregate effects remain uncertain and vary widely across studies6.

    One reason is that a disproportionate share of the benefits generated by AI may be concentrated in a small number of highly advanced firms, particularly large technology companies with the resources and infrastructure to develop and deploy cutting-edge AI tools.

    This concentration poses a risk: while AI can deliver substantial productivity benefits at the enterprise level, these gains may not necessarily translate into broad-based growth in aggregate productivity, unless mechanisms are in place to ensure that the diffusion of AI is wide across sectors, firms and countries.

    In a similar vein, the potential impact of AI on employment is difficult to estimate. On the one hand, it can automate routine, lower-skilled tasks – potentially displacing workers. On the other hand, AI can create new opportunities by increasing labour demand for non-automated tasks, as well as giving rise to new types of jobs. To maximise the favourable effects of AI on employment and to mitigate risks such as labour market inequality, reskilling the workforce with AI-complementary skills will be essential.

    Turning to prices, the impact of AI on inflation could go in both directions. Increased global demand for energy – driven by the computational intensity of AI technologies – could raise energy prices. According to the IMF7, electricity used by data centres alone, is already as much as that of Germany or France, and by 2030 would be comparable to that of India which is the world’s third largest electricity user. At the same time, AI can also contribute to more efficient energy use and improved grid management, potentially lowering costs.

    Moreover, AI-induced productivity improvements might help offset labour shortages, especially in times of low unemployment and ageing population. This could lead to a decline in unit labour costs, exerting thus downward price pressures. However, the overall impact of AI on employment and wage growth is difficult to predict.

    Expectations also play a central role in the price formation process. If consumers fully anticipate future benefits from AI (such as better products, lower costs, or higher wages), they may bring forward consumption in the short term, creating inflationary pressures. However, if expectations are only regressively formed, disinflationary forces may dominate in the near term due to delayed consumption and investment.

    Implications for monetary policy transmission

    The transmission of monetary policy to the economy, and thus monetary policy making are significantly impacted by AI.

    As I already noted, AI is expected to bring about distributional shifts in income and wealth. These shifts matter for monetary policy, since they influence households’ marginal propensity to consume and their access to credit.

    Should AI disproportionally raise the income share of lower-income households – with a higher marginal propensity to consume and greater credit constraints – the transmission of monetary policy could be strengthened. In contrast, if the gains accrue mainly to higher-income, more skilled households – who have lower marginal propensity to consume and are less responsive to interest rate changes — then monetary policy transmission may weaken.

    AI is also affecting how firms set prices. Companies that are more digitalised and employ algorithmic pricing tools can adjust prices more frequently and with greater precision in response to economic shocks. Higher price flexibility could induce – all else equal, a more efficient real economy.

    At the same time, ML tools enable firms to personalise prices and introduce heterogeneity, which is likely to weaken the link between monetary policy measures and prices, although AI could provide tools that enhance price transparency and improve consumers’ ability to compare prices. There is also the risk that algorithmic pricing could lead to tacit collusion among firms and greater market power, undermining the effectiveness of monetary policy in controlling inflation.

    Finally, AI may influence wage-setting dynamics. If the presence of automation erodes workers’ bargaining power, wage responsiveness to changes in unemployment could be reduced. This would weaken the sensitivity of inflation to shifts in monetary policy and complicate central banks’ ability to steer inflation effectively.

    Implications for financial stability

    Turning now to financial stability, the implications of AI technologies are complex and multifaceted.

    On the one hand, AI offers powerful tools to enhance financial institutions’ capabilities in risk assessment, liquidity management and strategic decision making. On the other hand, AI can exacerbate existing vulnerabilities and create new ones.

    For example, generative AI could be deliberately misused – such as through the creation of deepfakes or fabricated statements – potentially aimed at manipulating sentiment or triggering market stress.

    There is also the risk of herding behavior. As more institutions adopt similar AI models, the likelihood of systemic stress increases. What may initially appear as isolated, micro-level risk could rapidly escalate via AI and pose serious threats to financial stability.

    If financial institutions, market participants or the public at large base their key decisions on such inputs, without adequate human verification, we may witness situations of disorderly market volatility. Overreliance to a limited number of AI providers could further raise operational risks and adversely affect the resilience of the financial sector.

    Therefore, it is critical that these tools are deployed with caution. Sound governance, robust regulatory oversight, and adequate safeguards will be essential to ensuring that AI acts as a tool for strength, rather than a source of systemic risk.

    Conclusion

    To conclude, the core task of central banks remains safeguarding price and financial stability, and AI poses unprecedented opportunities but also considerable challenges.

    From enhancing communication and improving economic analysis, to reshaping the channels through which monetary policy and the financial system operate, AI is already redefining the way we pursue our tasks.

    As I have outlined today, AI can make central banks more agile, more transparent, and more effective. But its use also demands flexibility – not only in the tools we use, but in the way we think, plan and make decisions. In a world of growing complexity and rapid technological change, we must ensure that innovation goes hand in hand with responsibility, transparency, and trust.

    This calls for thoughtful integration, not blind adoption. As we integrate AI into our policymaking, we must ensure that human judgment and critical thinking remain central to our decisions. AI should serve as a tool to enhance – not replace – our responsibility to make sound, efficient policy choices in the interest of our citizens.

    The euro area faces a dual challenge: harnessing the opportunities that artificial intelligence presents while actively addressing its broader implications.

    To rise to this challenge, it is vital that we craft a comprehensive European AI strategy. To improve the environment for AI innovation and diffusion of new technologies, our strategy has to rest on three pillars: funding, regulation and energy.

    Developing and scaling AI requires substantial investment, particularly in digital infrastructure. There is broad consensus on the importance of building a savings and investment union to jump-start European projects on innovation, including AI.

    Complementary efforts to equip people with the skills they need to thrive in an AI-driven economy and to mitigate the risk of widening inequality are also of high importance.

    In addition, regulatory burdens and weak institutional quality can significantly hold back the expansion of high-tech sectors. That’s why we need simple but efficient regulation, while ensuring protection of personal data and strong institutions to defend AI-generated innovation.

    Energy, too, is a critical piece of the puzzle. AI diffusion across the economy will place greater demands on Europe’s energy infrastructure. Addressing supply constraints now is essential to ensuring that AI adoption is sustainable in the long run.

    All these considerations need to be taken into account when assessing challenges and opportunities arising from this very innovative technology. The successful adoption of AI requires a flexible adjustment in a constantly evolving environment. Therefore, we need to commence our journey on that potentially wonderful vessel with urgency but also with careful consideration, towards a new shore.

    I am confident that the insights shared at this conference, and the research being pursued by many of you in this room, will be instrumental in guiding us forward.

    Thank you.

    MIL OSI Economics –

    June 13, 2025
  • MIL-OSI Economics: Samsung Solve for Tomorrow Meets the Olympic Spirit: Dreaming of a New Future Through Technology and Sport With the IOC

    Source: Samsung

    Samsung Electronics’ global flagship corporate social responsibility (CSR) program, Samsung Solve for Tomorrow, took the spotlight at a global gathering of changemakers hosted by the International Olympic Committee (IOC) in Lausanne, Switzerland — where innovation, sport and social impact converged.
     
    From June 3 to 5, as a Worldwide Mobile and Computing Equipment Partner of Olympic & Paralympic, Samsung participated in the first Olympism365 Summit: Sport For A Better World at the IOC headquarters to showcase its Solve for Tomorrow vision of empowering youth through education and technology — highlighting stories from around the world that demonstrate how the program is helping young people tackle real-world challenges in their communities.
     
    Over three days, the event brought together more than 250 representatives from 100 organizations — across the Olympic Movement, United Nations agencies, development and financing institutions, civil society, for-purpose business, safe sport community and IOC Young Leaders working together — to advance the UN Sustainable Development Goals (SDGs) through sport.
     
    ▲ IOC President Thomas Bach delivers a keynote at the IOC Youth Summit.
     
    Held as part of the Olympism365 Summit, the IOC Youth Summit provided a platform for IOC Young Leaders to contribute their perspectives, collaborate on innovative solutions and help shape the future of sport for development — offering a vital contribution to the Olympism365 strategy focused on building a better world through sport.
     
    During the summit, Ramneek Kaur Ahluwalia, the 2022 winner of the United Kingdom’s Solve for Tomorrow program, spoke about how the experience shaped her personal growth.
     
    “What started off as a challenging lived experience of being isolated, vulnerable and stereotyped when using a white cane, quickly fueled the evolution of award-winning MyVision,” she said. “Thanks to the amazing Samsung Solve for Tomorrow mentors who helped me utilize the design thinking process and technical expertise to create a truly life-changing device.”
     
    She shared her journey developing MyVision, a smart assistive device designed to help people with congenital visual impairments. Drawing from her own experience with visual impairment, Ramneek described how Solve for Tomorrow helped her to grow — and outlined her ongoing efforts to expand her dream realized through Solve for Tomorrow into broader educational and career opportunities for others with similar challenges.
     
    ▲ Ramneek Kaur Ahluwalia shares her journey with IOC Young Leaders.
     
    The event also provided opportunities to engage with IOC officials and other Young Leaders from around the world. Ramneek met with Sherief Kholeif, a United Kingdom-based IOC Young Leader, to discuss sports programs for marginalized youth in Scotland and exchanged ideas with participants on the social impact of combining sport and technology.
     
    Building on its participation in the Olympism365 Summit and the IOC Youth Summit, Samsung plans to strengthen its collaboration with the IOC by designating “Social Change Through Sport & Technology” as one of the global themes for Solve for Tomorrow 2025. In doing so, the company will continue to support young people worldwide in developing creative, practical ideas to drive positive change in their communities.
     
    “It was a pleasure to meet Ramneek, one of Samsung’s Solve for Tomorrow ambassadors at the IOC Youth Summit,” said Kholeif. “Her innovative and thoughtful ideas are inspiring. It is encouraging to see Samsung paving the way for young students around the world who believe in creating a more accessible and inclusive future through innovation. I hope the Solve for Tomorrow program continues to create meaningful opportunities for my fellow Young Leaders, and that together we can make a difference by combining technology and sport.”
     
    ▲ (From left) Sherief Kholeif and Ramneek Kaur Ahluwalia
     
    Notably, the “Social Change Through Sport & Technology” theme was selected through a public vote held during the Olympic Games in Paris last year. The theme reflects growing global concerns around sustainability and sport, encouraging young people to develop innovative solutions that demonstrate the positive social and environmental impact of sport.
     
    ▲ Ramneek Kaur Ahluwalia joins IOC Young Leaders for a group photo.

    MIL OSI Economics –

    June 13, 2025
  • MIL-Evening Report: Selwyn Manning Analysis: Israel clearly saw an opportunity to strike Iran. Here’s the trip-wire… UPDATED

    Analysis and Notes by Selwyn Manning: Prep for Radio New Zealand – Israel Strikes Against Iran – June 13, 2025.

    Listen to the audio from 3:00 minutes in.

    Selwyn Manning, editor of EveningReport.nz.

    Over the last 24 hours, the atomic control agency IAEA (International Atomic Energy Agency) formed a view at its UN Geneva meeting, that there was so-called evidence that Iran had ‘undisclosed sites’ where uranium was identified.

    Iran disputes this, and suggested today that the IAEA members were wrong.

    It appears Israel identified a window of opportunity where it can strike Iran’s nuclear power generation infrastructure, assassinate its nuclear scientists, and destroy other sites that it insists are covert nuclear-development-sites.

    But let’s be clear at this moment, it is not proven that Iran has or had a covert uranium enrichment operation in play.

    ISRAEL CLAIMS:

    Israel claims its attacks on Iran are justified as preemptive defence operations – but we need to understand here… preemptive defence in itself is not legal.

    The problem on this aspect is Israel has arguably, long ago, crossed the Rubicon regarding International Law – especially in Gaza and the West Bank. So it’s reasonable to suggest; Israel is not deterred by the possibility of any future recourse being brought upon it by the international community.

    CONTEXT:

    Iran is believed to be not war-ready. But, Iran will respond. Its Supreme Leader stated it will respond. It remains to be seen how it will respond.

    At this moment, there are reports in Israel that over 100 missiles are incoming from Iran to Israel.

    We also know, Israel has weakened Hezbollah, especially within Lebanon. The strikes on Beirut earlier this month and prior were designed to weaken Hezbollah.

    Further, Syria is in a state of transition.

    This is the backdrop to Israel’s window of opportunity.

    THE UNITED STATES:

    The United States obviously knew a strike was imminent. It pulled non-essential personnel out of neighbouring Iraq and from the general region.

    United States President Donald Trump has confirmed that there was communication on this offensive between Israel and the US, in the context of no-surprises.

    Trump added that the US would help defend Israel, but it’s unclear what ‘defend’ actually means. The US appears to be waiting to see exactly how Iran responds.

    The Trump Administration insists Israel’s decision to strike Iran was unilateral. United States Secretary of State Marco Rubio said today: “We are not involved in strikes against Iran, and our top priority is protecting American forces in the region.”

    IRAN’S POSITION:

    Last Sunday, the Iranian President said Iran was “ready for inspections” but added it is “unacceptable to deprive peoples of access to knowledge, technology and scientific achievements”.

    *** Only yesterday Iran’s foreign minister stated that Iran and the US were close to a deal on its nuclear energy ambitions. In a statement he said: “Trump took office saying that Iran should not have nuclear weapons. In fact, this is in line with our own doctrine and could be the main basis for the deal.”

    Perhaps Israel saw its window of opportunity narrowing.

    Iran insists its nuclear energy programme has been transparent.

    BACK-STORY:

    In negotiations with United States envoys, Iran has been insisting that it has the right to enrich its uranium but insists this is for efficient energy generation.

    Back in May Iran’s foreign minister said: To claim that any country that wants to enrich uranium has non-peaceful purposes is a “deliberate misconception”

    He stressed. “There are states that enrich uranium but do not possess nuclear weapons.”

    LEAKS ISRAEL GOVERNMENT INTELLIGENCE:

    On June 7, Iran’s Intelligence Minister claimed Iran had acquired trove of Israel Government documents that detailed Israel’s nuclear program.

    Iran described the intelligence as “sensitive and strategic” and one of the most significant intelligence leaks in Israel’s history.

    The intelligence documents also detailed communications between Israel and the United States, Europe and other countries.

    OTHER CONTEXT:

    The Russian Federation announced this week that it was willing to assist Iran with its nuclear energy ambitions.

    MIL OSI Analysis – EveningReport.nz –

    June 13, 2025
  • MIL-Evening Report: Selwyn Manning Analysis: Israel clearly saw an opportunity to strike Iran. Here’s the trip-wire…

    Analysis and Notes by Selwyn Manning: Prep for Radio New Zealand – Israel Strikes Against Iran – June 13, 2025.

    Selwyn Manning, editor of EveningReport.nz.

    Over the last 24 hours, the atomic control agency IAEA (International Atomic Energy Agency) formed a view at its UN Geneva meeting, that there was so-called evidence that Iran had ‘undisclosed sites’ where uranium was identified.

    Iran disputes this, and suggested today that the IAEA members were wrong.

    It appears Israel identified a window of opportunity where it can strike Iran’s nuclear power generation infrastructure, assassinate its nuclear scientists, and destroy other sites that it insists are covert nuclear-development-sites.

    But let’s be clear at this moment, it is not proven that Iran has or had a covert uranium enrichment operation in play.

    ISRAEL CLAIMS:

    Israel claims its attacks on Iran are justified as preemptive defence operations – but we need to understand here… preemptive defence in itself is not legal.

    The problem on this aspect is… Israel has arguably… long ago… crossed the Rubicon regarding International Law – especially in Gaza and the West Bank – so it’s reasonable to suggest; Israel is not deterred by the possibility of any future recourse brought upon it by the international community.

    CONTEXT:

    Iran is believed to be not war-ready. But, Iran will respond. It remains to be seen how it will respond.

    At this moment, there are reports in Israel that over 100 missiles are incoming from Iran to Israel.

    We also know, Israel has weakened Hezbollah, especially within Lebanon. The strikes on Beirut earlier this month and prior were designed to weaken Hezbollah.

    Further, Syria is in a state of transition.

    The is the backdrop to Israel’s window of opportunity.

    THE UNITED STATES:

    The United States obviously knew a strike was imminent. It pulled non-essential personnel out of neighbouring Iraq and from the general region.

    United States President Donald Trump has confirmed that there was communication on this offensive between Israel and the US, in the context of no-surprises.

    Trump added that the US would help defend Israel, but it’s unclear what ‘defend’ actually means. The US appears to be waiting to see how Iran responds.

    The Trump Administration insists Israel’s decision to strike Iran was unilateral. United States Secretary of State Marco Rubio said today: “We are not involved in strikes against Iran, and our top priority is protecting American forces in the region.”

    IRAN’S POSITION:

    Last Sunday, the Iranian President said Iran was “ready for inspections” but added it is “unacceptable to deprive peoples of access to knowledge, technology and scientific achievements”.

    *** Only yesterday Iran’s foreign minister stated that Iran and the US were close to a deal on its nuclear energy ambitions. In a statement he said: “Trump took office saying that Iran should not have nuclear weapons. In fact, this is in line with our own doctrine and could be the main basis for the deal.”

    Iran insists its nuclear energy programme has been transparent.

    BACK-STORY:

    Back in May Iran’s foreign minister said: To claim that any country that wants to enrich uranium has non-peaceful purposes is a “deliberate misconception”

    He stressed. “There are states that enrich uranium but do not possess nuclear weapons.”

    LEAKS ISRAEL GOVERNMENT INTELLIGENCE:

    On June 7, Iran’s Intelligence Minister claimed Iran had acquired trove of Israel Government documents that detailed Israel’s nuclear program.

    Iran described the intelligence as “sensitive and strategic” and one of the most significant intelligence leaks in Israel’s history.

    The intelligence documents also detailed communications between Israel and the United States, Europe and other countries.

    OTHER CONTEXT:

    The Russian Federation announced this week that it was willing to assist Iran with its nuclear energy ambitions.

    MIL OSI Analysis – EveningReport.nz –

    June 13, 2025
  • Air India flight makes emergency landing in Thailand after bomb threat

    Source: Government of India

    Source: Government of India (4)

    An Air India flight from Phuket in Thailand to India’s capital New Delhi received an onboard bomb threat on Friday and made an emergency landing on the island, airport authorities said.

    All 156 passengers on flight AI 379 had been escorted from the plane, in line with emergency plans, an Airports of Thailand official said.

    The aircraft took off from Phuket airport bound for the Indian capital at 9.30 a.m. (0230 GMT) on Friday, but made a wide loop around the Andaman Sea and landed back on the southern Thai island, according to flight tracker Flightradar24.

    The incident follows the crash of an Air India flight in Ahmedabad on Thursday shortly after takeoff.

    AOT did not provide details on the bomb threat. Air India did not immediately respond to a request for comment.

    Indian airlines and airports were inundated with hoax bomb threats last year, with nearly 1,000 hoax calls and messages received in the first 10 months, nearly 10 times that of 2023.

    (Reuters)

    June 13, 2025
  • MIL-OSI Africa: Uganda: Govt Unveils Shs72.3 Trillion Budget to Drive Full Monetisation of Economy


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    The Ministry of Finance Planning and Economic Development has unveiled a Shs72.136 trillion national budget for the 2025/2026 financial year, setting its sights on transforming every corner of the country into a hub of commercial activity.

    Presented by Finance Minister Matia Kasaija at the Kololo Ceremonial Grounds on Thursday, 12 June, 2025, the budget signals a strong shift towards full monetisation of Uganda’s economy, underpinned by commercial agriculture, industrialisation, digital transformation, and expanded access to markets.

    Speaking against the backdrop of a rapidly growing economy, Kasaija painted a picture of a Uganda ready to transition from resilience to acceleration.

    “The budget for next financial year, and over the medium term, is focused on people and wealth creation,” he said.

    Consequently, the theme of the financial year 2025/26 is: “Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access.’”

    The Shs72.3 trillion resource envelope represents one of the largest in Uganda’s history, with domestic revenue expected to contribute Shs37.2 trillion, roughly 60 percent of the total. The rest will be financed through borrowing and grants. The budget deficit is estimated at 7.6 percent of GDP.

    But Kasaija reassured Ugandans, stating that the government had a clear strategy to enhance domestic revenue mobilisation, widen the tax base, and strengthen tax administration.

    “Government plans to collect Shs37.2 trillion in domestic revenue next financial year,” he said, adding that focus would be placed on tackling smuggling, corruption at Uganda Revenue Authority (URA), and leveraging digital tools like the Electronic Fiscal Receipting and Invoicing System to plug leakages.

    Priority sectors such as health, education, agriculture, infrastructure, and tourism received large shares of the allocation.

    Healthcare emerged as a major beneficiary, with Shs5.87 trillion earmarked for next year. Kasaija detailed plans to functionalise Health Centre IVs, scale up e-health systems, and expand emergency medical services. He said the government had already delivered 20 digital X-ray machines and installed CT scanners in 14 out of 16 regional referral hospitals.

    “We are strengthening the National Ambulance and Emergency Care System,” he added.

    In education, the Minister allocated Shs5.04 trillion to support Universal Primary and Secondary Education, student loans, the construction of new seed schools, and improvements in teacher recruitment and digital inspections.

    Kasaija also confirmed the upcoming operationalisation of Bunyoro and Busoga universities, as well as continued investment in sports infrastructure ahead of African Champions Cup (CHAN) and African Cup of Nation (AFCON 2027).

    “In order to improve compliance with quality standards, Government digitised school inspections in all public schools and TVET institutions,” he said.

    Wealth creation programmes, a lifeline for millions of Ugandans received renewed commitment, with Shs2.43 trillion directed towards the Parish Development Model (PDM), Emyooga, the Uganda Development Bank (UDB), and other grassroots economic empowerment initiatives.

    Kasaija said the PDM alone would receive Shs .059 trillion in FY2025/2026, ensuring every parish continues to receive Shs100 million annually.

    “These investments are changing the lives of Ugandans by boosting household incomes, enhancing food security and creating employment opportunities,” he noted.

    He revealed that over 2.6 million Ugandans have already benefited from PDM funds, with investments spanning food crops, livestock, poultry, and microenterprises. To enhance efficiency and eliminate corruption, PDM operations have been fully digitised, using systems such as the WENDI and ZAIDI apps.

    On the industrial and agricultural front, the government committed Shs1.86 trillion to agro-industrialisation. This includes funding for agricultural research, irrigation schemes, fertilisers, extension services, and value addition. Kasaija highlighted the completion of 145 solar-powered irrigation schemes and the ongoing construction of 157 more.

    He singled out the Agricultural Credit Facility, now worth over Shs1 trillion in disbursements, as a key driver of agricultural transformation.

    “I have provided additional capital of Shs50 billion to the Agricultural Credit Facility next financial year, in addition to insurance that benefits all farmers including PDM beneficiaries.”

    Uganda’s industrial and energy ambitions were also prominently featured, with Kasaija announcing an allocation of Shs875.8 billion for mineral-based industrial development and oil and gas. The East African Crude Oil Pipeline is now 58 percent complete, and an agreement has been signed for the construction of a 60,000-barrel-per-day oil refinery. Once oil production starts in 2026, government expects annual revenues of US$1 to 2.5 billion.

    “Uganda currently saves up to US$72.8 million annually on fuel imports,” Kasaija said, citing the impact of the Uganda National Oil Company’s direct importation of petroleum products, which eliminated middlemen and reduced speculative pricing.

    Tourism, another pillar of the economy, was allocated Shs430 billion, with an additional Shs2.2 trillion indirectly supporting tourism infrastructure such as roads, ICT, and security.

    The government aims to position Uganda as a competitive MICE (Meetings, Incentives, Conferences, and Exhibitions) destination in Africa, following recent successes. “Uganda now ranks 7th in Africa in MICE tourism,” Kasaija stated.

    Even as he celebrated Uganda’s achievements, such as coffee exports surging past US$1.83 billion and tourism earnings reaching US$1.52 billion, Kasaija called on Ugandans to embrace value addition and export diversification.

    “While it took the country more than a century to reach US$1 billion in annual coffee export earnings, it has taken just one year to double these earnings,” he said. “I therefore implore Ugandans to grow more coffee and, most importantly, add value to our coffee before we export it.”

    AUDIO: Minister Kasaija

    Kasaija expressed confidence in the direction the country is taking. With projected economic growth of 7 percent in FY2025/2026 and a GDP per capita increase to US$1,324, Uganda is moving steadily towards middle-income status.

    “The necessary foundation has already been established, the speed of economic transformation is destined to be faster in the medium term.” Kasaija concluded.

    Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

    MIL OSI Africa –

    June 13, 2025
  • Families across India mourn loss of loved ones in Ahmedabad plane crash

    Source: Government of India

    Source: Government of India (4)

    As the nation comes to terms with the devastating crash of Air India Flight AI-171, grief has swept across households, with families mourning the loss of loved ones in what is being counted among India’s worst aviation disasters.

    The Boeing 787-8 Dreamliner, flying from Ahmedabad to London Gatwick, crashed seconds after takeoff from Ahmedabad airport on June 12, ramming into a nearby hostel. Only one passenger survived, while casualties on the ground are also feared.

    Among the victims was Anju Sharma, originally from Kurukshetra and living in Vadodara with her family. She was on her way to London to visit her elder daughter when the crash occurred.

    Her uncle, Balkishan Sharma, said he was deeply shaken. “I rarely watch TV. She was my brother’s eldest daughter. I found out about the tragedy from the news.”

    In Uttarsanda village in Gujarat’s Kheda district, the family of Rupal Patel is mourning her death. A resident of London for 15 years and mother of three, Rupal had returned to India for medical treatment.

    “My sister came for a week for treatment. After her operation, she was feeling well. She was happy to return to her husband and three children in London. I dropped her at the airport, and by the time I got home, I heard the devastating news,” said her brother, Pawan Patel.

    Rupal was seated in 19J on the flight. After being informed of the crash, her husband left London immediately with their children — a 13-year-old and twin 7-year-olds — to travel to Gujarat. “The kids were waiting for their mother to return. They had no idea she would never come back,” her husband said.

    In Ahmedabad, families waited overnight outside BJ Medical College as forensic teams carried out DNA sampling to identify the deceased, many of whom were burned beyond recognition.

    “Smoke suddenly rose high in the sky. There was fire. The flight had crashed, there were many people on board,” said Jairam, an eyewitness who lives around two kilometres from the site.

    The list of passengers on flight AI-171 showed that at least 33 of them were from Gujarat’s Anand district, 19 from Vadodara, and 17 from Kheda.

    The government has promised full support to the victims’ families and a thorough investigation into the cause of the crash.

    IANS

    June 13, 2025
  • Kohli-backed World Bowling League to roll out next year

    Source: Government of India

    Source: Government of India (4)

    The first edition of the World Bowling League (WBL), backed by celebrity cricketer Virat Kohli and baseball star Mookie Betts, will roll out with six franchises competing in iconic locations early next year, league chief Adi K. Mishra told Reuters.

    The WBL is looking to transform a pastime for millions around the world into a cutting edge, made-for-TV experience via a heady mix of celebrity franchise owners, exotic locations and technological innovation.

    “It’s an incredible sport which just hasn’t been structured correctly for the past 50-60 years and everyone just dismisses it as a recreational activity,” Mishra, the founder and CEO of sports tech firm League Sports Co, said in a video call from the United States.

    “We are going to launch with six franchises in the first quarter of next year. It’s going to be a team of four – two male and two female bowlers.”

    Mishra did not go into detail about the format but said professional bowlers would compete in the core sport while celebrities would take part in auxiliary events, with teams collecting points throughout the season.

    With its origins in ancient Egypt, bowling’s heyday in the United States was in the 1960s and 70s when every town and suburb had its own alley.

    Even today, some 200 million people put on flat-soled shoes and take to the lanes every year, including 75 million in the U.S., Mishra said.

    The WBL is by no means the first attempt to create a professional circuit in the Tenpin game, and American Don ‘Mr Bowling’ Carter was the first athlete in any sport to ink a $1 million sponsorship deal back in 1964.

    What separates the WBL from previous attempts, Mishra says, is its global reach – the league is in the advanced stage of finalising franchises in Japan, South Korea, Singapore and India – and the ambitious vision.

    “Our first fundamental premise was – how can we take this and make this an aspirational product?” Mishra added.

    “We want to take two lanes and put them in iconic locations around the world – Hudson Yards in New York, Marina Bay Sands in Singapore, a variety of different locations in Dubai and India.”

    TAILOR-MADE FOR TV

    Los Angeles Dodgers shortstop Betts bought the first announced franchise in May and the WBL pulled off another marketing coup when Kohli came on board as a strategic investor last month.

    Mishra did not provide financial details of Bett’s purchase but said negotiations on the sale of the remaining franchises were in the final stages.

    The league plans to simplify scoring, gather a host of celebrity and corporate backers, and use ball-tracking and other technology to create a product that works on television and digital platforms.

    Weaving complimentary programming featuring celebrity bowlers like Betts and Kohli around the core sport would make it an irresistible proposition for broadcasters, said Mishra.

    “We already have many broadcasters lined up and a lot of them think this sport, the way we’ve designed it, can fit into their ultra-premium segment.

    “A lot of them believe they can bring in other influencers and celebrities, who come in and bowl as well. So there’s a lot of ‘shoulder programming’ that you can create with the sport, which is not possible with a lot of other sports.”

    Mishra and Kohli know each other through their joint ownership of a team in the E1 electric powerboat world championship, and the cricketer’s fondness for bowling came as a pleasant surprise as the WBL was being in the planning stage.

    “Over the years, I’ve met a lot of celebs who happen to be closet bowlers,” Mishra said.

    “We were speaking about various things about the team and it turned out that he has been bowling and watching it since he was 11-12.

    “That was a big surprise for me and we wanted him to be part of this. Hopefully we’ll get him to bowl when he has more time for it.”

    (Reuters)

    June 13, 2025
  • MIL-OSI Africa: Training Ethiopia’s next wave of freelancers to earn, grow and go global


    Download logo

    A digital training initiative is helping young Ethiopians turn freelancing into a viable career, opening up new opportunities for income, independence and access to global work.

    Ethiopia is emerging as a strong contender in the global freelance economy. With more than 200,000 science graduates each year, expanding internet access, and some of the most competitive labour costs in Africa, the country has the conditions to scale remote work. Supported by digital payment reforms and a national taskforce focused on freelancing, the country is working to turn its digital talent into a driver of economic growth.

    Until recently, however, few young people had access to structured support or training to help them enter the freelance market. That’s starting to change. A recent Digital Freelancing Training Programme trained 353 participants – 186 women and 167 men – in how to build sustainable careers as freelancers and access the global gig economy. The training covered everything from financial planning and personal branding to project management and securing online clients. The training was supported by the Netherlands Trust Fund V (NTF V) Ethiopia Tech project at the International Trade Centre (ITC).

    From employment to independence

    Nardos Seifu, a design and research strategist based in Addis Ababa, joined the programme after seeing a post on social media. Her work focuses on human-centred design, innovation, and facilitating learning experiences. She had long been interested in consulting but didn’t know how to position herself as a freelancer.

    ‘I had the skills, but I didn’t know how to offer them as a service,’ she said. ‘The training explained how freelancing works, including how to price your time, promote yourself, and manage your work professionally.’

    Since completing the course, she has formalized a tutoring side job and is applying for remote design consulting roles. She credits the financial planning sessions for helping her organise her income and time and is using platforms like LinkedIn and Facebook to grow her visibility.

    ‘I’ve always wanted to open a design studio that trains young people in design thinking. Now I feel like that’s possible.’

    Adapting to local realities

    The training was delivered online through weekly webinars, practical guides and interactive sessions. Internet access was a challenge for some participants, particularly outside Addis Ababa, so the team used multiple channels, including Telegram, SMS and email, to keep learners engaged.

    A key resource was the Become a Freelancer Checklist, a step-by-step guide to setting goals, building online profiles, and managing client work. Enquanhone also authored a companion eBook, Become an Online Freelancer, which covers everything from branding and pricing to productivity and digital tools.

    Turning lessons into action

    Participants were encouraged to apply what they learnt immediately. For Seifu, that meant tracking tutoring hours, setting a consistent hourly rate, and using scheduling tools to stay on top of her workload.

    ‘We were taught to treat freelancing like a business,’ she said. ‘That means knowing your value, being organised, and communicating clearly.’

    The programme also introduced tools for building an online presence. Nardos, previously hesitant about platforms like TikTok, is now using it to share insights and reach new audiences. ‘There are a lot of tools out there. The programme helped me figure out which ones matter and how to use them.’

    Following the training, many participants began applying their new skills immediately. A total of 148 entrepreneurs – including 63 women and 137 young people – have enhanced their ability to work as freelancers as a result of gaining practical tools to manage clients, projects and income streams. Of those trained, 87 participants (35 women and 81 youth) secured new jobs, demonstrating the programme’s early success in improving employability and access to income-generating opportunities.

    Growing a freelance community

    Participants came from diverse sectors – including marketing, development, and tech – and peer learning was a core part of the experience.

    ‘We were learning from each other,’ said Seifu. ‘We talked about our goals and shared what was working.’

    Still, Ethiopia’s freelance ecosystem is young. Seifu noted the lack of local networks or co-working spaces for freelancers. A Telegram group created through the programme helps alumni stay in touch and share opportunities, but participants see the need for more structured, long-term support.

    A model for future growth

    The early results are promising. Graduates are putting their new skills into practice and exploring new income streams. But to sustain progress, Ethiopia will need to invest in ongoing mentorship, stronger digital infrastructure and formal recognition of the freelance sector.

    ‘This training was a starting point,’ said Enquanhone. ‘Now we need to expand access, build networks and make freelancing a respected path to employment.’

    With the right support, Ethiopia’s freelancers could help shape the country’s digital economy and become a model for others across the continent.

    A model for future growth

    The early results are promising. Graduates are putting their new skills into practice and exploring new income streams. But to sustain progress, Ethiopia will need to invest in ongoing mentorship, stronger digital infrastructure and formal recognition of the freelance sector.

    ‘This training was a starting point,’ said Enquanhone. ‘Now we need to expand access, build networks and make freelancing a respected path to employment.’

    With the right support, Ethiopia’s freelancers could help shape the country’s digital economy and become a model for others across the continent.

    Distributed by APO Group on behalf of International Trade Centre.

    MIL OSI Africa –

    June 13, 2025
  • MIL-OSI: Terranet’s rights issue oversubscribed

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

    Terranet AB (“Terranet” or the “Company”) has completed the rights issue of units, consisting of shares of series B and warrants of series TO9 B, which the Board of Directors decided on April 16, 2025, and was approved by the Annual General Meeting on May 23, 2025 (the ‘Rights Issue’). The outcome shows that 10,349,896 units were subscribed for with unit rights, corresponding to approximately 74.6 percent of the Rights Issue. In addition, the Company has received subscription applications for 4,704,934 units, corresponding to approximately 33.9 percent of the Rights Issue, for subscription without unit rights. In total, 15,054,830 units were subscribed for with unit rights and subscription applications, corresponding to approximately 108.5 percent of the Rights Issue. The Rights Issue is thus oversubscribed and will raise approximately SEK 15 million before issue costs. No underwriting commitments will be utilised.

    Outcome of the Rights Issue
    The subscription period in the Rights Issue ended on June 11, 2025. The outcome shows that 10,349,896 units were subscribed for with unit rights, corresponding to approximately 74.6 percent of the Rights Issue. Furthermore, the Company has received subscription applications to subscribe for 4,704,934 units without unit rights, corresponding to approximately 33.9 percent of the Rights Issue. Thus, 15,054,830 units were subscribed for with and without unit rights, corresponding to approximately 108.5 percent of the Rights Issue. The Rights Issue is thus oversubscribed, and no underwriting commitments will be utilised.

    Each unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. In total, 13,880,714 units will thus be allocated, corresponding to 166,568,568 newly issued B-shares and 41,642,142 warrants of series TO9 B.

    Through the Rights Issue, the Company will receive approximately SEK 15 million before issue costs. Upon full utilisation of all warrants of series TO9 B within the framework of the offered units, the Company may receive an additional maximum of approximately SEK 15.1 million.

    Comment from Lars Lindell, CEO
    “We are very pleased that so many shareholders have chosen to exercise their subscription rights and thereby shown their confidence in the company and its future development. Through the proceeds we receive from the issues, we will be able to take significant steps in both product and business development and lay the foundation for the commercialization of BlincVision.”

    Allocation of units subscribed without unit rights
    Allotment of units subscribed for without unit rights has been made in accordance with what is stated in the information memorandum published by the Company on May 26, 2025, in connection with the Rights Issue. Notice of such allotment will be announced separately through a settlement note. Nominee-registered shareholders will receive notification of allotment in accordance with instructions from the respective nominee.

    Shares and share capital
    Through the Rights Issue, and after registration of the Second Directed Issue announced by the Company through a press release on April 16, 2025, the number of shares in the Company will increase by 166,568,568 B-shares from 1,471,519,182 shares (1,084,463 A-shares and 1,470,434,719 B-shares) to 1,638,087,750 shares, and the share capital will increase by SEK 1,665,685.68, from SEK 14,715,191.82 to SEK 16,380,877.50. The dilution effect, after registration of the Second Directed Issue, amounts to 10.2 percent in the Rights Issue.

    In the event that all attached warrants of series TO9 B are fully exercised for subscription of new B-shares in the Company, the number of shares in the Company will increase by an additional 83,729,677 B-shares, from 1,638,087,750 shares (1,084,463 A-shares and 1,637,003,287 B-shares) to 1,721,817,427 shares, and the share capital will increase by an additional SEK 837,296.770, from SEK 16,380,877.500 to SEK 17,218,174.270. The dilution effect, if all warrants of series TO9 B are exercised, amounts to 4.9 percent.

    Warrants of series TO9 B
    Each warrant of series TO9 B entitles the holder to subscribe for one (1) new B-share in the Company. One (1) warrant of series TO9 B entitles the holder to subscribe for one (1) B-share in the Company at a subscription price of SEK 0.18 (corresponding to 200 percent of the subscription price per B-share in the Directed Issues and the Rights Issue). Application for subscription of B-shares with the support of warrants of series TO9 B will take place during the period from December 1, 2025, up to and including December 15, 2025. The warrants are intended to be admitted to trading on Nasdaq First North Premier Growth Market.

    Paid subscribed units (“BTU”)
    Trading in BTU (paid subscribed units) will take place on Nasdaq First North Premier Growth Market until June 30, 2025, or until the conversion of BTUs into B shares and warrants of series TO9 B, which will take place after the Rights Issue has been registered with the Swedish Companies Registration Office. Registration with the Swedish Companies Registration Office is expected to take place during week 26, 2025.

    Compensation to underwriters
    In connection with the Rights Issue, two (2) external investors have provided underwriting commitments corresponding to 99.8 per cent of the Rights Issue. For underwriting commitments made, underwriting compensation of 12 percent of the underwritten amount is paid in the form of newly issued units. In total, a maximum of 1,661,774 new units may be issued as underwriting compensation to the underwriters.

    Advisers
    Mangold Fondkommission AB is the financial advisor to Terranet in connection with the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Rights Issue.

    For more information, please contact:
    Dan Wahrenberg, CFO
    E-mail: dan.wahrenberg@terranet.se

    This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person above on June 13, 2025, at 08:00 CET.

    About Terranet AB (publ) 

    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B).

    Follow our journey at: www.terranet.se

    Certified Adviser to Terranet is Mangold Fondkommission AB.

    Important information
    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.

    This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

    Attachment

    • Press release – Outcome Rights Issue

    The MIL Network –

    June 13, 2025
  • Air India crash: PM Modi visits Ahmedabad crash site, calls it a scene of “devastation”

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday visited the site of the Air India crash in Ahmedabad, where the London-bound flight carrying 242 people went down a day earlier.

    The aircraft crashed minutes after takeoff from Sardar Vallabhbhai Patel International Airport, killing 241 people. Only one passenger – a British national of Indian origin – survived.

    “The scene of devastation is saddening,” PM Modi said in a post on X after reviewing the wreckage. “Met officials and teams working tirelessly in the aftermath. Our thoughts remain with those who lost their loved ones in this unimaginable tragedy.”

    He was accompanied by Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu, Gujarat State Home Minister Harsh Sanghavi, and other senior officials during the site inspection.

    Flight AI-171, headed to London Gatwick, crashed into the hostel complex of BJ Medical College at 1:38 p.m. IST on Thursday, triggering a massive blaze and a large-scale emergency response.

    Union Home Minister Amit Shah visited the crash site on Thursday and later chaired a high-level meeting with Civil Aviation Minister Naidu, Gujarat Chief Minister Bhupendra Patel, and senior officials to review relief and rescue measures.

    Shah said DNA testing was underway to confirm the identities of the victims and assured that results would be delivered at the earliest by Gujarat’s Forensic Science Laboratory (FSL) and the National Forensic Sciences University (NFSU). DNA samples of family members arriving from abroad would be collected on arrival, he added.

    A formal investigation into the crash has been launched by the Aircraft Accident Investigation Bureau (AAIB) in accordance with international protocols under the International Civil Aviation Organization (ICAO), said Civil Aviation Minister Naidu. A high-level expert committee is also being formed to examine the incident and suggest safety improvements to prevent future tragedies.

    The United States National Transportation Safety Board (NTSB) announced it would send a team of investigators to India to assist the AAIB.

    “The NTSB will be leading a team of US investigators travelling to India to assist the Aircraft Accident Investigation Bureau with its investigation into the crash of an Air India Boeing 787 in Ahmedabad, India, Thursday,” the agency said, noting that all official updates would come from the Indian government under ICAO’s Annex 13 protocols.

    Rescue and Relief Operations Continue

    Rescue operations continued through the night as teams sifted through debris for missing aircraft parts.

    Parts of the plane’s fuselage were scattered around the smouldering building into which it crashed. The tail of the plane was stuck on top of the building.

    Air India CEO Campbell Wilson reached Ahmedabad early Friday. The airline said it had set up Friends & Relatives Assistance Centres at Ahmedabad, Mumbai, Delhi, and Gatwick airports to support the families of those on board.

    “These centres are facilitating the travel of family members to Ahmedabad,” Air India posted on X. Emergency contact numbers were also issued for those seeking information: 1800 5691 444 for calls from within India, and +91 8062779200 for international callers.

    The Tata Group, which took over Air India in 2022, announced a compensation of Rs 1 crore for the family of each deceased passenger.

    “Tata Group will provide Rs 1 crore to the families of each person who has lost their life in this tragedy. We will also cover the medical expenses of those injured and ensure that they receive all necessary care and support. Additionally, we will provide support in the building up of the B J Medical’s hostel,” Tata Sons Chairman N Chandrasekaran said on X.

    Earlier, Air India released a breakdown of the nationalities of those on board: 169 were Indian nationals, 53 British, seven Portuguese, and one Canadian.

    (With inputs from agencies)

    June 13, 2025
  • MIL-OSI USA: Cornyn, Cruz Introduce Senate Resolution Honoring Former First Lady Barbara Bush

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    U.S. Senators John Cornyn (R-TX) and Ted Cruz (R-TX) today introduced a Senate resolution honoring the life, achievements, and public service of former First Lady Barbara Pierce Bush on the week of her 100th birthday. Text is below, and you can view the full resolution here.

    “Whereas, on June 8, 1925, Barbara Pierce Bush (referred to in this preamble as ‘Barbara Bush’) was born in New York City, New York;

    Whereas Barbara Bush attended Ashley Hall and Smith College;

    Whereas Barbara Bush worked a factory job to support the United States war effort during World War II in 1943;

    Whereas, on January 6, 1945, Barbara Bush married George Herbert Walker Bush after he returned from serving in World War II;

    Whereas, in 1948, Barbara Bush and George Herbert Walker Bush moved to Odessa, Texas, and had 6 children, George W., Robin, Jeb, Neil, Marvin, and Dorothy;

    Whereas Barbara Bush supported the early business ventures of her husband in oil, which would later evolve into the Pennzoil Corporation;

    Whereas Barbara Bush supported the first forays of her husband in politics during his 1963 Harris County Republican Party chairmanship and 1966 election to the House of Representatives in the 7th Congressional District of Texas;

    Whereas Barbara Bush kept the constituents in Houston informed of happenings in Washington, DC, by writing frequent newspaper columns during the time George Herbert Walker Bush served in the House of Representatives;

    Whereas, during the career of George Herbert Walker Bush before becoming President of the United States, Barbara Bush orchestrated cross-country moves for her family 29 times in 44 years;

    Whereas Barbara Bush supported the political ascension of George Herbert Walker Bush during his appointments as the United States Ambassador to the United Nations in 1970, the Chair of the Republican National Committee in 1972, and the Director of Central Intelligence in 1976;

    Whereas Barbara Bush became Second Lady of the United States when George Herbert Walker Bush was sworn in as the 43rd Vice President of the United States in 1981, and again in 1985 after the 1984 re-election of the Reagan-Bush Administration;

    Whereas, as Second Lady of the United States, Barbara Bush revitalized the vice presidential residence at 1 Observatory Circle with extensive renovations and the hosting of more than 1,000 social events;

    Whereas, as Second Lady of the United States, Barbara Bush used her platform in the Reagan-Bush administration to champion public literacy to combat the cycle of poverty in the United States;

    Whereas, as Second Lady of the United States, Barbara Bush played a significant role in the successful presidential campaign of George Herbert Walker Bush, which saw him win the 1988 Presidential election with 426 electoral votes, a feat which has not been matched since;

    Whereas, as First Lady of the United States, Barbara Bush continued to champion public literacy by establishing the Barbara Bush Foundation for Family Literacy in 1989, and played a significant role in the passage of the National Literacy Act of 1991 (Public Law 102–73; 105 Stat. 333);

    Whereas, as First Lady of the United States, Barbara Bush showed immense compassion to AIDS patients at a time when public opinion was still hostile towards their plight;

    Whereas, after leaving the White House, Barbara Bush published her bestselling book, ‘Barbara Bush: A Memoir’;

    Whereas, after the victory of her son George W. Bush in the 2000 Presidential election, Barbara Bush became the second woman in the history of the United States to have been both married to a President of the United States and the mother of a President of the United States;

    Whereas Barbara Bush showed unwavering support for the presidential campaigns of her sons, George W. Bush in 2000 and 2004, and Jeb Bush in 2016; and

    Whereas, on her passing at her Houston home on April 17, 2018, Barbara Bush was survived by her husband of 73 years, George Herbert Walker Bush, 5 children and their spouses, 17 grandchildren, and 8 great-grandchildren: Now, therefore, be it

    Resolved by the Senate (the House of Representatives concurring), That Congress—

    (1) honors the life, achievements, and distinguished public service of Barbara Pierce Bush (referred to in this resolution as ‘Barbara Bush’);
    (2) recognizes Barbara Bush on the occasion of her 100th birthday and expresses thanks and commendations to her and her family;
    (3) acknowledges the positive impact that Barbara Bush contributed to the United States through her tireless dedication to promoting literacy and uplifting her fellow citizens; and
    (4) celebrates the legacy of Barbara Bush as a model citizen and public servant of the United States.”

    MIL OSI USA News –

    June 13, 2025
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