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Category: Politics

  • MIL-OSI United Kingdom: ‘Shine a light’: responding to challenges facing the charity sector

    Source: United Kingdom – Government Statements

    Speech

    ‘Shine a light’: responding to challenges facing the charity sector

    Charity Commission Chief Executive David Holdsworth delivers keynote speech at Charity Times’ Annual Conference 2025.

    Thank you Srabani and good morning everyone / bore da pawb.

    It’s a privilege to be speaking to at this conference for the first time as the Commission’s CEO, after rejoining the organisation last summer.

    I probably don’t need to explain to this audience why I returned to work with the charity sector.

    Current operating environment and challenges 

    The Charity Commission stands at a unique vantage point, where the perspectives of charities, government, the public and donors meet.

    From this position, we see three trends.

    First, an incredibly challenging economic environment for the sector.

    Like other sectors, charities face inflationary pressures and rising operational costs.

    But charities are also dealing with increased demands for their services.

    The cumulative impact of these trends on charities is, in some cases, extremely challenging.

    Second, charities, like other organisations, are contending with rapid technological and social change.

    Some tech innovations, notably in the space of AI, offer tools that can help charities do more with less and increase their impact.

    But looking ahead, these technologies potentially challenge the very role of organisations and institutions in the traditional sense.

    Notably when coupled with changing attitudes, especially among younger people, whose allegiances are increasingly to causes, not ‘bricks and mortar’ or brands and institutions and where technology platforms offer alternatives of direct giving to those in need.  

    Thirdly – global conflicts, geo political shifts and instability. The shocking invasion of Ukraine and conflicts in the middle east have seen demands on and need of charity increase significantly. Whilst at the same time the once seemingly immovable, solid post war geo political system is shifting, creating uncertainty and instability. This makes responding to increased global need more difficult and challenging to navigate.

    Impact and Potential

    Despite those challenges the sector has never been more important – and let’s be clear what charities achieve for society is astonishing, both in terms of scale and impact.

    Based on Annual Returns submitted to the Commission for 2023’s accounts, the sector had an annual income of over £96 billion – up around 7% on the previous year.

    We registered just over 5,000 new charities last year, having assessed a record 9,840 applications – a 9% increase on the previous year.

    And there are around 700,000 trustees who collectively steward the sector though good times and bad, and whose work often goes unrecognised and uncelebrated – though we at the Commission are all too aware of their service and contribution.

    But numbers alone don’t tell of the human impact of charity. Of the positive difference charities make in transforming or enriching communities, our environment, our wildlife, heritage, culture as well as saving and improving countless individual lives.

    It is that impact that charities, their amazing trustees, volunteers and employees have – that we must not lose sight of – nor let the challenges shroud.

    There are so many examples to tell.

    Like the Felix Project which had a landmark year, providing 38 million meals through its network of 1,264 community organisations and schools by growing its network of collaborations. Building on that success it has launched its Multibank, which has seen 1.46 million non-food essential items distributed to try and ensure no Londoner in need goes without.

    Welsh Women’s Aid and its partners helped 739 survivors access refuge-based support. That is life-saving intervention happening every day, across the country – offering not just physical shelter but a sense of home and safety when people need it most.

    That the osprey – that magnificent bird of prey – which was once driven to near extinction in the UK – is now thriving, with over 250 nesting pairs living in Britain today, is thanks to charities.

    And it is thanks to charity that, on average, two lives are saved at sea every single day by RNLI volunteers.  

    Also I know from my last CEO role at the Animal and Plant Health Agency, thanks to animal welfare charities’ campaigning work over decades, the UK now has one of the most advanced legal frameworks protecting animal health and welfare.

    These a just a few examples of what has been made possible by the charity sector.

    Potential and Opportunity

    So whilst I don’t underestimate for one moment the challenges charities face – and which I have seen first hand on my many visits – I would urge you not to let those challenges dim nor shroud the huge impact you are having, everyday.

    I also firmly believe that as Albert Einstein once said:

    in the middle of difficulty lies opportunity.

    Arguably, the bigger the challenge, the greater the opportunity. Ideas previously rejected as too radical; innovation that once felt too big; conversations which felt too challenging can suddenly feel possible – and necessary.

    Take for example, the city I call home, Liverpool. Which is incidentally also the Commission’s main home, where most of our staff are based.

    I grew up in Liverpool in the 1980s. It was a time when the city felt like it had lost its way, with ever increasing challenges and ever dwindling opportunity and resources.

    Today my home city is transformed. And that transformation happened through collaboration – a combination of philanthropic investments, national and local government investment, alongside renewed community action notably in the arts, culture and tourism which acted as catalysts for wider renewal.

    Each individual project mattered, but what made for game-changing transformation was the cumulative impact of collaborative and complementary efforts from a number of actors. And that is true across the sector today.

    Take for example, Fareshare. Working collaboratively, supporting other charities in their network, they’ve helped distribute 92% more food over the last year, and made their budgets go 78% further.

    This resulted in them distributing a whopping 135 million meals, reaching nearly 1 million people.

    If you’ll allow me to return once more to my hometown.

    In late 2024, Zoe’s Place, a hospice in Liverpool which provides care to children, faced an uncertain future. The community of Liverpool, supported by business leaders and politicians, as well as a fellow charity the Institute of our Lady of Mercy, fellow hospice Claire’s Place and regional media collectively rallied to save Zoe’s Place, with the Commission playing a key facilitating role.

    Now, ownership has been transferred to the newly registered Liverpool Zoe’s Place. The charity’s trustees have also finalised plans to build the charity’s new home, securing the continuation of the former charity’s legacy.

    The hospice had been helping families through the unimaginable since 1995 – to see that vital service disappear would have been gutting for the community, and a huge blow to the families who rely on the organisation’s support.

    Instead, by reawakening their community’s passion and pride in the service, the charity will now continue to provide that support for years to come.

    In addition to this kind of public appeal, forging new corporate partnerships is another option being explored by many charities. Indeed, the Charities Aid Foundation estimates that UK businesses contribute around £4 billion to the sector.

    Take one example – a mere stone’s throw from here: national homelessness charity, Shelter.

    The organisation has partnered with clothing brand, Lucy and Yak. Last year they held a successful pop-up shop in Kings Cross, and now, they’ve launched donation boxes in several Lucy and Yak shops across the country encouraging customers to donate clothing.

    Shelter has responded to competition facing charity shops with the rise of preloved selling platforms in an agile and innovative way. Through this partnership, they’ve added a funding stream to their ‘bow’ and potentially reached new supporters.

    But I appreciate that public appeals and new corporate partnerships won’t work for everyone.  

    As a result of the Covid pandemic, many charities needed to re-evaluate their financial resilience and ability to weather further storms – many had dipped into their reserves, while others had little to fall back on.

    With the same desire to ensure services do not come to an end, some charities with similar goals turned to mergers – combining resources to create something more sustainable.

    For example, Community Integrated Care, one of the largest social care providers in the UK, merged with Inspire, a social care provider based in Scotland, in 2023. The charities saw how funding shortfalls, economic pressures and workforce shortages were impacting social care more broadly and chose to secure their future together rather than struggle through apart. And it paid off.

    Community Integrated Care’s income increased by £22 million in the year after the merger, and the charities reported publicly that the merger was a good strategic fit. These charities found strength in unity while continuing to provide that sense of belonging their beneficiaries depend on.

    Mergers are not the answer for all – and I don’t underestimate the work that can be involved in navigating a successful transition. But where you decide a merger is the best way forward, the Commission is on hand.

    Conclusion: strength in collaboration

    I’ve touched upon a few examples today to evidence my underlying confidence in this sector’s collective power. Just as no home is built by a single pair of hands, no lasting social change comes from isolated efforts.

    Our dear late Queen, Elizabeth II, once said:

    On our own, we cannot end wars or wipe out injustice, but the cumulative impact of thousands of small acts of goodness can be bigger than we imagine.

    In the year of the 80th anniversary of Victory in Europe and Victory in Japan we should remember those words and that out of darkness can come something brighter and better than before.

    From the darkness of tyranny, fascism and unfathomable loss came a renewed determination for peace, democracy and equality. That which charities had long fought for then came forward in the form of the NHS, welfare state, expansion of access to higher education, and workers’ rights.

    While the challenges facing society may be less existential, I believe this sector can again play a transformational role across communities, across government, local and national, with businesses and philanthropists to once again tackle our biggest issues with joint purpose.

    There is no greater charity sector in the world than here and my message is clear.

    Keep shining a light, charities.

    Shine a light on your charitable purpose.

    Shine a light of hope, and of refuge to those in need.

    Shine a light on your innovation and impact.

    And always remember that you not only stand on the shoulders of giants, but you too are now building that better brighter future for the next generation.

    Thank you. I look forward to hearing your thoughts, and taking your questions.

    Updates to this page

    Published 21 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: From Protests to Partnership: Interview with Gerben Dijksterhuis, Mayor of Borsele, Kingdom of the Netherlands

    Source: International Atomic Energy Agency – IAEA

    Gerben Dijksterhuis, Mayor of Borsele, addresses residents who developed a list of conditions for community acceptance of the construction of new nuclear power plants in the municipality. (Photo: Municipality of Borsele, Kingdom of the Netherlands)

    The world’s first major gathering of representatives of communities hosting nuclear facilities will take place in Vienna, Austria, from 26 to 30 May 2025 at the IAEA’s International Conference on Stakeholder Engagement for Nuclear Power Programmes. Gerben Dijksterhuis, Mayor of Borsele, Kingdom of the Netherlands, which hosts the country’s only operating nuclear power plant, discusses key aspects of stakeholder engagement for nuclear power:

    How has stakeholder engagement changed over time?

    In the 1960s and 1970s, there were fierce protests and demonstrations against the arrival of the nuclear power plant, but in recent years we have seen almost no demonstrations. Over the years, the plant operator, EPZ, has learned to communicate openly and transparently. This has contributed to a good relationship with the surrounding community, an important element of EPZ’s ‘licence to operate’. The plant is now seen as a good neighbour.

    Borsele organized a unique citizen participation process in 2023 on upcoming large energy projects, including two nuclear power reactors. What prompted you as Mayor, and the local government, to include citizens in the process?

    People often have strong opinions either for or against nuclear energy, but the decision about whether new nuclear power plants will be built is ultimately made by the national government. So we’ve focused on the interests of the local community and asked the question: “If two additional nuclear power reactors are built, what will that mean for our municipality and residents? Under what conditions would we accept such a development?” By having this conversation, we’re engaging in a discussion about our shared future and deciding what is needed to keep living, working and enjoying life in our region.

    My municipality has over 23 000 residents, so it’s not possible to ask everyone personally about their views on these developments. By randomly selecting 100 residents, we thought we would get a fair range of opinions reflecting the views of all residents. This way, we can look at what’s coming our way as a community with an open mind, without being too influenced by loud supporters or critics. We also wanted to give a voice to young people, who will live with the impact of new nuclear power plants the longest, and to the ‘silent majority’ — residents who are generally less likely to speak out in public debates.

    Over the course of 5 meetings, these 100 residents came up with 39 conditions under which major developments could take place, ensuring that the environmental impact is properly considered.

    We believe that as a local community we should have a voice in projects happening in our area.

    What are some of the common concerns local residents have about nuclear energy projects? To what extent are they different from concerns about other large projects?

    We are somewhat used to big projects because we live next to a large industrial area and an international seaport. However, there are concerns about the impact of the construction: we see in other countries how long it takes, how large the construction site is, and how many people work there. Residents mainly think about noise, dust and light pollution and an increase in construction traffic. There are also concerns about this development in relation to the landscape we are so proud of here.

    Specifically for the nuclear component, people are concerned about the safety of new nuclear power plants and the continuing perception of a lack of a final solution for nuclear waste.

    What is the socioeconomic impact of nuclear energy projects on host communities and neighbouring areas, based on the experience of Borsele?

    About 400 people work at the existing nuclear power plant, and many more are employed indirectly. If the construction of two new nuclear power reactors goes ahead, thousands of additional workers will be needed for 5 to 15 years. This will not only create jobs in the region but also provide opportunities for local businesses, educational institutions and housing development. It is an opportunity to invest in the future of the region, with innovation and progress at the forefront. It’s therefore crucial that, as a government and society, we make timely plans to properly manage these developments. The construction of nuclear power plants affects an entire region, and when new nuclear power reactors are built, cooperation with neighbouring municipalities is essential to prepare for this. This includes planning for housing, infrastructure and education.

    In addition to being Mayor of Borsele, you are President of the Group of European Municipalities with Nuclear Facilities (GMF Europe). Why is it important for nuclear host communities to organize in such associations?

    Nuclear host communities often face or have faced the same challenges. As a network of host communities in different parts of Europe, GMF allows us to learn from each other and find solutions together. We can help each other by sharing information and lessons learned about how to deal with nuclear initiatives. Together, we can also be a stronger voice that is heard in international politics. I am proud that GMF has been invited several times — including by the IAEA — to contribute to new policy and present our vision to participating countries. Together with mayors in Canada and the United States of America, we have also established the Global Partnership of Municipalities with Nuclear Facilities.

    It is equally important to advocate for the position of local communities. They must have a voice in developments that take place in their community.

    What is the advice you would give to communities that are newcomers to nuclear?

    Take an active role, make sure you are well informed, ask the right questions and ensure that the concerns of your community are heard. This not only helps in understanding the impact of nuclear projects, but also ensures that you can actively contribute to decision making and to the process in a way that is in the interest of your community.

    Additionally, it is important to join networks of municipalities. This way, you can jointly influence policy, both nationally and internationally. By working with organizations such as the IAEA, we can ensure that policies take into account the needs of host communities.

    MIL Security OSI –

  • MIL-OSI Australia: Safeguarding Queensland’s iconic Great Barrier Reef and waterways

    Source: Tasmania Police

    Issued: 20 May 2025

    A bold new collaboration is set to transform water quality monitoring, analysis and publication across the Great Barrier Reef and South-east Queensland (SEQ) catchments.

    The Queensland Government is teaming up with leading universities to form the new Catchment Water Quality Alliance.

    The University of Queensland’s (UQ) Reef Catchments Science Partnership and James Cook University’s (JCU) TropWATER will work with the Queensland Department of the Environment, Tourism, Science and Innovation (DETSI) to safeguard precious waterways, undertaking water quality monitoring across Queensland.

    The Alliance aims to assist communities and organisations take better care of Queensland ecosystems. This will be achieved by improving water quality monitoring, innovative data sharing platforms and engaging regional stakeholders.

    The water quality monitoring data will be used for a range of purposes including reporting on the health of the waterways, rivers and reef and guiding best practice for improving catchment management initiatives across Queensland.

    The collaboration will also allow for a deeper exploration of data that has been collected over the past 20 years.

    The efforts of the Alliance will build on work already underway such as the Great Barrier Reef Catchment Loads Monitoring Program (GBRCLMP) and the South East Queensland (SEQ) Catchments Water Quality Monitoring Program.

    GBRCLMP involves First Nations, industry and Natural Resource Management (NRM) groups as well as landholders to undergo comprehensive training, equipping them with the skills and knowledge needed to track long-term trends in catchment health, while fostering a deep understanding of local waterways.

    The South East Queensland (SEQ) Catchments Water Quality Monitoring Program is essential for identifying sediment and nutrient sources and guiding resource management.

    Queensland Chief Scientist Professor Kerrie Wilson said this collaborative initiative will play a vital role in protecting Queensland’s iconic ecosystems and ensure the resilience of the Great Barrier Reef and SEQ catchments for generations to come.

    “By harnessing scientific expertise from both government and academia, and using innovative approaches in Reef and SEQ catchment areas, it will help us to stay at the forefront of water quality assessment,” Professor Wilson said.

    “The Alliance will help to provide the science and real-world data to inform environmental decision-makers.”

    JCU TropWATER Director Professor Damien Burrows said TropWATER brings over three decades of experience working with growers, graziers and governments to monitor and improve water quality in the Great Barrier Reef.

    “Being based in North Queensland, close to reef catchments, gives us a unique ability to respond quickly to local weather events to capture critical data that feeds directly into government datasets – building a clearer, more regionally informed picture of water quality issues,” he said.

    “Our strength is not just in monitoring, but in how we work with communities. We focus on communicating the science clearly and directly to growers and regional groups, allowing the data to be understood and used where it matters most.

    “With Alliance staff based in Townsville, we’re well positioned to connect local insights, water quality science and decision-making. This partnership will enhance how data, communication and collaboration can drive water quality solutions.”

    University of Queensland Head of the School of Environment, Professor Steve Chenoweth said UQ is excited to be joining the Alliance.

    “It’s a new model for how universities can work more effectively with government,” he said.

    “Not only is it an opportunity to focus our world-leading scientific capability on delivering what’s needed for Queensland’s outstanding catchments and reefs, the Alliance also offers unique training opportunities for Queensland’s future environmental scientists who will be better equipped to understand how they can deliver real-world impacts.”

    MIL OSI News –

  • MIL-OSI United Kingdom: Mansion House team tours city clubs and schools

    Source: City of York

    The Sheriff and Lord Mayor with a student dressing up in civic robes

    Published Wednesday, 21 May 2025

    While work continues to restore and maintain the Mansion House, the team which usually welcomes visitors to it is taking its stories, artefacts and democratic connections out into the community.

    Insider detail about the long and intriguing history of the Mansion House and its treasures are being shared in sessions with children and young people across the city. These include visits to Applefields for students with Special Educational Needs, to local Brownie groups and primary schools.

    The sessions offer an educational game of how to run a democratically-elected Council, dressing up as a member of the civic party, or an insight into Georgian fan language and fashion. They are being offered free to schools and groups such as Scouts and Guides to create connections with this building at the heart of York’s civic life.

    School groups have been invited on site visits to see the work underway, and work experience placements are being run for students from Huntington School and the Vale of York Academy.

    The Lord Mayor and the Sheriff of York have joined a number of visits when dressing-up robes were provided. The workshops have been running across the city since January and will continue until the end of June, free-of-charge.

    One of the sessions revolves around the game ‘Run the City’. In it, students manage an imaginary city council. They’re given a budget and a list of responsibilities, and work out how to spend their funds while considering the impact of those decisions at election time. Every group to have played it said they found it ‘very engaging and educational’.

    Also popular are workshops about Georgian women’s fashion and the language of the fan. Being an eighteenth-century townhouse and the home of York’s Georgian Festival (7-11 August 2025), the Mansion House is a centre of expertise on these. The rigmarole of dressing for the day is explained, along with handling the many layers of garments and finding out how they were made. Lessons on fan language include sending secret messages across a room, while learning about society’s expectations of young ladies in Georgian ballroom culture.

    Cllr Claire Douglas, Leader of City of York Council said:

    Taking the Mansion House out on tour across the city is a rare and important event. Its rich and colourful past and its role in the city’s democracy and cultural heritage are as important as its future place in the life of York.

    “Telling its stories and sharing its treasures with the younger generation will, I hope, increase their sense of belonging and understanding of their city. We all have a huge amount of pride in our home, York. Who knows, one day these young people could choose to stand for election to the Council itself!”

    When the Mansion House reopens ahead of the popular Georgian Festival, these workshops will run from the House itself along with other activities such as house tours, ghost trails and more.

    Find out more at www.york.gov.uk/YorkMansionHouse or book for the Georgian Festival events at www.mansionhouseyork.com .

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New Lord Mayor and Sheriff of Norwich appointed at full council meeting

    Source: City of Norwich

    A new Lord Mayor and Sheriff of Norwich have officially taken up their ceremonial roles following yesterday’s (Tuesday 20 May) full council meeting at City Hall.

    Councillor Paul Kendrick has been appointed Lord Mayor of Norwich for the coming civic year, taking over from Councillor Vivien Thomas. Stuart Wright has been named the new Sheriff of Norwich, succeeding Sirajul Islam.

    The positions of Lord Mayor and Sheriff are historic and ceremonial roles, representing the city at civic and public events, supporting local charities, and acting as ambassadors for city.

    Lord Mayor of Norwich – Councillor Paul Kendrick

    Councillor Paul Kendrick has served as a councillor on Norwich City Council since 2011, representing the Catton Grove ward. For the past nine years, he has held the position of cabinet member for finance, playing a key role in maintaining the council’s sound financial position.

    Under his stewardship, Norwich City Council has remained one of the few local authorities in the country to retain a 100% Council Tax reduction scheme for its lowest-income residents and has continued its commitment to being a Living Wage employer.

    Before moving to Norwich, Cllr Kendrick was active in local government across the south-east, serving on Hastings Borough Council, East Sussex County Council, and Kent County Council. During his time as chairman of Kent’s Highways Committee, he oversaw a major infrastructure programme linked to the Channel ports – managing the largest highways capital budget in the county at the time.

    Cllr Kendrick is 66 years old and has three children – James, Joanne and Daniel. His daughter Joanne will serve as Lady Mayoress during his term of office.

    Sheriff of Norwich – Stuart Wright

    Stuart Wright has a long-standing connection with the city and brings a wealth of experience from both public service and the private sector.

    He began his career as an officer in the Royal Engineers, where he trained as a military and civil engineer. After 20 years in the Army, he moved into the corporate world, holding senior leadership roles at PA Consulting and Aviva. At Aviva, his focus was on the planning, design and delivery of shared services across the UK and Europe.

    Stuart later led Aviva’s global net zero strategy, overseeing carbon reduction efforts across all operations, subsidiaries and joint ventures. His commitment to sustainability and social responsibility has also seen him champion the real Living Wage – chairing the UK Living Wage Foundation Advisory Council from 2016 to 2021 and currently serving as a trustee of Citizens UK.

    Stuart lives near Hingham and enjoys gardening, restoring a vintage tractor, and spending time with his three grown-up children and granddaughter, all of whom live locally.

    This year, the Lord Mayor’s civic charity is Norfolk & Waveney Mind, a local mental health charity that provides vital support, advice and services to help people experiencing mental health difficulties across the region.

    You can find out more about the roles of the Lord Mayor and the Sheriff of Norwich by visiting https://bit.ly/NorwichMayorAndSheriff

    MIL OSI United Kingdom –

  • MIL-OSI: Diamond Equity Research Releases Update Note on Almonty Industries, Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF)

    Source: GlobeNewswire (MIL-OSI)

    New York, May 21, 2025 (GLOBE NEWSWIRE) — Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has released an Update Note Almonty Industries, Inc. (TSX: AII) (ASX: AII) (FWB: ALI) (OTCPK: ALMT.F). The update note includes detailed information on the Almonty Industries’ business model, services, industry overview, financials, valuation, management profile, and risks.

    The full research report is available below.

    Almonty Industries Update Note May 2025

     Highlights from the report include:

    • Almonty Industries Secures Strategic Three-Year Offtake Agreement for Tungsten Oxide with Tungsten Parts Wyoming; Provides Predictable Revenue and Strengthens Strategic Alliances within U.S. and Allied Defense Networks: Almonty Industries Inc. recently announced a binding offtake agreement with Tungsten Parts Wyoming, Inc. (TPW), a prominent U.S.-based defense contractor, and Metal Tech (MT), an Israel-based tungsten processor, significantly enhancing its strategic position within the critical materials supply chain for U.S. defense applications. Under the agreement, TPW commits to purchasing at least 40 metric tons of tungsten oxide monthly from Almonty, exclusively for use in critical defense applications, including missiles, drones, and ordnance systems. MT will process the supplied tungsten oxide into tungsten metal powder in Israel or the U.S., exclusively for TPW’s defense production programs. Notably, the arrangement includes a hard floor price with no ceiling, providing revenue predictability and substantial upside potential. The initial term of the agreement spans three years from the commencement of deliveries, with provisions for automatic annual renewal thereafter. This offtake agreement is strategically significant for Almonty, ensuring predictable revenues and deepening its integration into defense-oriented supply chains. Management has highlighted the importance of securing long-term demand specifically tied to high-value defense programs, emphasizing the company’s ability to align commercial interests with strategic national security priorities. It should be that that these substantial offtake commitments signal strong confidence in Almonty’s asset quality and operational delivery capabilities. Investors tend to place a premium on predictable revenues and consistent cash flows, making this agreement particularly valuable from a market valuation perspective. We view this development positively, as it further solidifies Almonty’s competitive advantage in supplying critical materials to allied defense markets.
    • Q1 2025 Financial Results Reflect Stable Revenue, Enhanced Mining Margins, and Elevated Non-Cash Charges: In the first quarter of 2025, Almonty Industries reported a 1.3% year-over-year revenue increase to $7.9 million, driven by higher tungsten concentrate pricing under long-term contracts. Income from mining operations rose significantly by 24.1% to $0.75 million, supported by favorable pricing dynamics and increased output at the Panasqueira mine. Operating expenses rose substantially to $9.5 million from $4.3 million in the prior year quarter, largely due to higher non-cash share-based compensation, losses related to the revaluation of embedded derivative liabilities, and increased expenditures associated with the company’s planned redomiciling. The company reported a net loss of $34.6 million, compared to $3.8 million in the prior-year period, primarily due to a non-cash loss of $25.8 million arising from the revaluation of warrant liabilities. Adjusted EBITDA came in at $(3.5) million compared to $(1.3) million in the same quarter of the previous year, reflecting a 169.2% increase on a non-IFRS basis. As of March 31, 2025, cash and cash equivalents totaled $16.9 million, up from $7.8 million at year-end 2024, primarily due to the receipt of $8.7 in equity placement proceeds and $3.3 million from the exercise of warrant, partially offset by ongoing investments in the Sangdong Project in South Korea. Post the quarter-end, Almonty secured an additional $3.6 million through further warrant exercises. 
    • Valuation: The forthcoming commercialization of the high-grade Sangdong project, now construction-complete and in its final pre-production phase, is anticipated to serve as a key catalyst for Almonty’s growth trajectory and potential valuation re-rating. Strong operational performance at Panasqueira and a robust cash position of nearly $17 million provide a solid foundation for near-term execution. Strategic advancements, including a binding offtake agreement with a U.S. defense contractor and expanded partnerships with American Defense International and MZ Group, further reinforce Almonty’s position as a critical supplier within the allied tungsten value chain. Rolling over our financial model while incorporating the latest quarterly results and updated shares outstanding, we arrive at a valuation of $4.00 per share, contingent upon successful execution by the company.

    About Almonty Industries, Inc.  

    Almonty Industries Inc. is a global leader in tungsten mining, with strategically positioned assets in geopolitically stable regions including South Korea, Portugal, and Spain. The company is set to become the largest tungsten producer outside China upon the commissioning of its flagship Sangdong Mine. 

    About Diamond Equity Research

    Diamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.

    For more information, visit https://www.diamondequityresearch.com.

    Disclosures:

    Diamond Equity Research LLC is being compensated by Almonty Industries, Inc. for producing research materials regarding Almonty Industries, Inc. and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 05/22/25 the issuer had paid us $50,000 for our company sponsored research services, which commenced 03/07/2025 and is billed annually. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. The issuer has not paid us for non-research related services as of 05/22/2025. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities including the complete loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for Almonty Industries, Inc.

    Contact:
    Diamond Equity Research
    research@diamondequityresearch.com

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    The MIL Network –

  • MIL-OSI: Lelantos Energy Unveils Strategic Initiatives for 2025

    Source: GlobeNewswire (MIL-OSI)

    TUCSON, Ariz., May 21, 2025 (GLOBE NEWSWIRE) — via IBN — Lelantos Energy, a wholly owned subsidiary of Lelantos Holdings, Inc. (OTC PINK: LNTO) (“Lelantos” or the “Company”), is pleased to announce its 2025 strategic initiatives focused on expanding access to renewable energy, working with underserved communities, and driving innovation in tax credit and renewable credit monetization.

    Powering Progress: Commercial Solar Expansion

    Lelantos Energy has solidified its partnership with NeRD Power to provide a comprehensive turnkey solution for commercial solar projects. From small businesses to utility-scale developments, the collaboration brings together expert engineering, financing, and installation capabilities. The partnership is exploring further integration to broaden its impact in the commercial solar sector.

    Honoring Veterans: Free Solar 4 Veterans Program

    In an initiative to support U.S. veterans, Lelantos Energy has launched the Free Solar 4 Veterans program in partnership with The Warrior Up Foundation and NeRD Power. This initiative will begin by providing free solar installations to disabled veterans and the widows of fallen soldiers, promoting energy independence and reducing financial burdens. A pilot project is already underway, and a media campaign is being planned to attract broader support and funding. More information can be found at freesolar4vets.org.

    Empowering Communities: Government and Municipal Partnerships

    Lelantos Energy is spearheading a Sustainable Community Network program with its strategic partner, SEDC Solar, for the Washington D.C. Housing Authority. This initiative will provide green energy systems at no cost to over 550 low-income households, supported by a coalition of finance partners and tax-credit incentives.

    In addition, Lelantos is executing a Memorandum of Understanding to form a joint venture with a GSA-certified agency and NeRD Power to develop government-funded solar projects, marking a strategic move into the federal renewable energy space.

    Driving Financial Innovation: Investment Tax Credit Monetization

    As the exclusive sales partner of Coulomb Capital, Lelantos Energy is scaling its Investment Tax Credit (ITC) monetization efforts. With access to a robust network of high-net-worth and institutional buyers, Lelantos has already begun managing high-value ITC transactions. A multichannel marketing strategy is underway to deepen executive outreach and grow the sales pipeline.

    First-Mover Advantage: Carbon and Renewable Energy Credit Platform

    In collaboration with Carbontricity and Electryone Advisors, Lelantos Energy has been given access to a digital platform for the automated issuance and monetization of renewable energy and carbon credits. Compliant with global standards such as M-RETS and I-REC, the platform utilizes blockchain and NFT technology for secure, transparent transactions.

    Holding exclusive rights to this platform in North America through Electryone Advisors, Lelantos is poised to become a first-mover in the next evolution of global carbon trading.

    About Lelantos Holdings

    Founded in the spirit of “Solution Hunting,” Lelantos Holdings’ innovative business structure is purpose-built to acquire or joint venture with established entities in strategic market sectors. With a focus on sustainable energy, Lelantos Holdings has a mission of being at the forefront of innovation in a dynamic industry, and the goal of operating as a vertically integrated entity to reduce overhead and increase service offerings. Their management team is dedicated to fostering innovation and advancing technological developments.

    Lelantos Holdings website: www.Lelantosholdings.io

    About Lelantos Energy

    INNOVATIVE. STRATEGIC. SOLUTION ORIENTED.

    Lelantos Energy offers a forward-thinking solution and a comprehensive approach to adapt to the dynamic landscape of commercial solar, residential solar, microgrid design, energy storage architecture, and EV supercharging. The company has strategically joined forces with experienced and leading industry professionals as well as dedicated lending resources to create a model that will seek to manage project risks, pursue favorable returns (though no guarantees can be made) and support the Company’s efforts to enhance the deployment of renewable energy projects.

    Lelantos Energy website: www.LNTO.Energy

    About the Free Solar 4 Vets Program

    POWERING UP THE LIVES OF OUR VETERANS

    Dedicated to honoring the sacrifices of our nation’s heroes, the mission of our program is to help veterans secure energy independence and a renewed sense of purpose through programs that empower them economically and socially. Powered by a joint venture among Lelantos Energy, a veteran’s foundation, and a large-scale solar installer, the program aims to utilize donations and a tax equity fund to provide free solar systems for veterans and widows of fallen soldiers.

    Free Solar 4 Vets Program website: https://www.freesolar4vets.org/

    FORWARD-LOOKING INFORMATION

    Certain information set forth in this press release contains “forward-looking information,” including “future-oriented financial information” and “financial outlook,” within the meaning of applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company’s current customer, supplier and other material agreements; and (viii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The United States Securities and Exchange Commission (“SEC”) has provided guidance to issuers regarding the use of social media to disclose material nonpublic information. In this regard, investors and others should note that we announce material financial information on our company website, www.LelantosHoldings.io, in addition to SEC filings, press releases, public conference calls and webcasts. We also use social media to communicate with the public about our company, our services and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, in light of the SEC’s guidance, we encourage investors, the media and others interested in our company to review the information we post on the Company website.

    CONTACT INFORMATION

    Lelantos Holdings, Inc.
    info@Lelantos.Group

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI: GraniteShares launches new YieldBoost ETFs on NVIDIA (NVYY) and Bitcoin (XBTY)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — GraniteShares, an ETF issuer specializing in high conviction ETFs, announced that it is launching two ETFs to add to its existing YieldBOOST lineup – the GraniteShares YieldBOOST NVDA ETF (NVYY) and the GraniteShares YieldBOOST Bitcoin ETF (XBTY).

    The GraniteShares YieldBOOST NVDA ETF (NVYY) is designed to generate income from options1 strategies linked to 2x Long NVDA Daily ETF. To generate income, NVYY sells put options2 on leveraged ETFs linked to 2x Long NVDA Daily ETF.

    The GraniteShares YieldBOOST Bitcoin ETF (XBTY) is designed to generate income from options1 strategies linked to 2x Long Bitcoin Daily ETF. To generate income, XBTY sells put options2 on leveraged ETFs linked to 2x Long Bitcoin Daily ETF.

    FUND NAME TICKER CUSIP
    GraniteShares YieldBOOST NVDA ETF NVYY 38747R637
    GraniteShares YieldBOOST Bitcoin ETF XBTY 38747R421
         

    “We are excited to launch the newest additions to our YieldBOOST options income suite,” said Will Rhind, Founder and CEO of GraniteShares. “The GraniteShares YieldBOOST NVDA ETF (NVYY) and the GraniteShares YieldBOOST Bitcoin ETF (XBTY) will seek to generate income from selling put options on their respective underlying leveraged ETFs.”

    Other existing YieldBOOST ETFs include the GraniteShares YieldBOOST SPY ETF (YSPY), the GraniteShares YieldBOOST QQQ ETF (TQQY) and the GraniteShares YieldBOOST TSLA ETF (TSYY).

    For more information, please visit: www.graniteshares.com.

    About GraniteShares:

    GraniteShares is an entrepreneurial ETF provider focused on high-conviction investment solutions. The firm offers a range of ETFs spanning leveraged, inverse, and high-yield strategies, empowering investors with differentiated tools for portfolio construction. Founded in 2016, GraniteShares has grown rapidly by delivering cutting-edge solutions tailored to modern market needs. For more information, visit www.graniteshares.com.

    Source: GraniteShares

    1An option is a contract that gives the holder the right, but not the obligation to buy or sell a specific asset at a predetermined price on or before a specified date. Options are a type of derivative, meaning their value is derived from the underlying asset.

    2A put option is a contract that gives the buyer the right, but not the obligation, to sell an underlying asset at a specified price by or on a specific date.

    RISK FACTORS & IMPORTANT INFORMATION

    Please see the funds’ prospectus for more details – https://graniteshares.com/media/u5odudej/graniteshares-etf-trust-prospectus-yb.pdf.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or visit www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.

    The investment program of the Funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by more traditional mutual funds.

    PRINCIPAL RISKS OF INVESTING IN THE FUND

    The principal risks of investing in the Fund are summarized below. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund. Each risk summarized below is considered a “principal risk” of investing in the Fund, regardless of the order in which it appears. Some or all of these risks may adversely affect the Fund’s net asset value per share (“NAV”), trading price, yield, total return and/or ability to meet its investment objectives. For more information about the risks of investing in the Fund, see the section in the Fund’s Prospectus titled “Additional Information About the Fund — Principal Risks of Investing in the Fund.”

    The Underlying NVDA ETF Risk. The Fund invests in options contracts that are based on the value of the Underlying NVDA ETF shares. This subjects the Fund to certain of the same risks as if it owned shares of the Underlying NVDA ETF, even though it may not. By virtue of the Fund’s investments in options contracts that are based on the value of the Underlying NVDA ETF shares, the Fund may also be subject to the following risks:

    Effects of Compounding and Market Volatility Risk. The Underlying NVDA ETF shares’ performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is likely to differ from 200% of the Underlying Stock’s performance, before fees and expenses. Compounding has a significant impact on funds that are leveraged and that rebalance daily. The impact of compounding becomes more pronounced as volatility and holding periods increase and will impact each shareholder differently depending on the period of time an investment in the Underlying NVDA ETF is held and the volatility of the Underlying Stock during the shareholder’s holding period of an investment in the Underlying NVDA ETF.

    Leverage Risk. The Underlying NVDA ETF obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Underlying NVDA ETF is exposed to the risk that a decline in the daily performance of the Underlying Stock will be magnified. This means that an investment in the Underlying NVDA ETF will be reduced by an amount equal to 2% for every 1% daily decline in the Underlying Stock, not including the costs of financing leverage and other operating expenses, which would further reduce its value. The Underlying NVDA ETF could lose an amount greater than its net assets in the event of an Underlying Stock decline of more than 50%.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Investing in derivatives may be considered aggressive and may expose the Underlying NVDA ETF to greater risks, and may result in larger losses or smaller gains, than investing directly in the reference assets underlying those derivatives, which may prevent the Underlying NVDA ETF from achieving its investment objective.

    Counterparty Risk. If a counterparty is unwilling or unable to make timely payments to meet its contractual obligations or fails to return holdings that are subject to the agreement with the counterparty resulting in the Underlying NVDA ETF losing money or not being able to meet its daily leveraged investment objective.

    Industry Concentration Risk. The performance of the Underlying Stock, and consequently the Underlying NVDA ETF’s performance, is subject to the risks of the semiconductor industry. The Underlying Stock is subject to many risks that can negatively impact its revenue and viability including, but are not limited to price volatility risk, management risk, inflation risk, global economic risk, growth risk, supply and demand risk, operations risk, regulatory risk, environmental risk, terrorism risk and the risk of natural disasters. The Underlying Stock performance may be affected by NVIDIA Corporation’s ability to identify new products, technologies or services, global competition and business conditions, its dependence on third-party product manufacturers, product defect issues, cybersecurity breaches, and customer concentration. The Underlying Stock may also be affected by risks that affect the broader technology industry, including: government regulation; dramatic and often unpredictable changes in growth rates and competition for qualified personnel; heavy dependence on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability; and a small number of companies representing a large portion of the technology sector as a whole. The Fund’s daily returns may be affected by many factors but will depend on the performance and volatility of the Underlying Stock.

    Indirect Investments in the Underlying NVDA ETF. Investors in the Fund will not have rights to receive dividends or other distributions or any other rights with respect to the Underlying NVDA ETF but will be subject to declines in the performance of the Underlying NVDA ETF. Although the Fund invests in the Underlying NVDA ETF only indirectly, the Fund’s investments are subject to loss as a result of these risks.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds, interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions. The use of derivatives is a highly specialized activity that involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. The use of derivatives may result in larger losses or smaller gains than directly investing in securities. When the Fund uses derivatives, there may be an imperfect correlation between the value of the Underlying NVDA ETF and the derivative, which may prevent the Fund from achieving its investment objectives. Because derivatives often require only a limited initial investment, the use of derivatives may expose the Fund to losses in excess of those amounts initially invested. In addition, the Fund’s investments in derivatives are subject to the following risks:

    • Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events. For the Fund, in particular, the value of the options contracts in which it invests is substantially influenced by the value of the Underlying NVDA ETF. Selling put options exposes the Fund to the risk of potential loss if the market value of the Underlying NVDA ETF falls below the strike price before the option expires. The Fund may experience substantial downside from specific option positions and certain option positions held by the Fund may expire worthless. As an option approaches its expiration date, its value typically increasingly moves with the value of the underlying instrument. However, prior to such date, the value of an option generally does not increase or decrease at the same rate at the underlying instrument. There may at times be an imperfect correlation between the movement in values of options contracts and the underlying instrument, and there may at times not be a liquid secondary market for certain options contracts. The value of the options held by the Fund will be determined based on market quotations or other recognized pricing methods. Additionally, the Fund’s practice of “rolling” may cause the Fund to experience losses if the expiring contracts do not generate proceeds enough to cover the costs of entering into new options contracts. Rolling refers to the practice of closing out one options position and opening another with a different expiration date and/or a different strike price. Further, if an option is exercised, the seller (writer) of a put option is obligated to purchase the underlying asset at the strike price, which can result in significant financial and regulatory obligations for the Fund if the market value of the asset has fallen substantially. Furthermore, when the Fund seeks to trade out of puts, especially near expiration, there is an added risk that the Fund may be required to allocate resources unexpectedly to fulfill these obligations. This potential exposure to physical settlement can significantly impact the Fund’s liquidity and market exposure, particularly in volatile market conditions.
    • Swap Risk: Swaps are subject to tracking risk because they may not be perfect substitutes for the instruments they are intended to hedge or replace. Over the counter swaps are subject to counterparty default. Leverage inherent in derivatives will tend to magnify the Fund’s losses. The swap agreements may reference standardized exchange-traded, FLEX, European Style or American Style put options contracts that are based on the values of the price returns of the Underlying ETF. that generate specific risks.

    Affiliated Fund Risk. In managing the Fund, the Adviser has the ability to select the Underlying NVDA ETF and substitute the Underlying NVDA ETF with other ETFs that it believes will achieve the Fund’s objective. The Adviser may be subject to potential conflicts of interest in selecting the Underlying NVDA ETF and substituting the Underlying NVDA ETF with other ETFs because the fees paid to the Adviser by some Underlying NVDA ETF may be higher than the fees charged by other Underlying NVDA ETF.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members. In cleared derivatives positions, the Fund will make payments (including margin payments) to and receive payments from a clearing house through their accounts at clearing members. Customer funds held at a clearing organization in connection with any options contracts are held in a commingled omnibus account and are not identified to the name of the clearing member’s individual customers. As a result, assets deposited by the Fund with any clearing member as margin for options may, in certain circumstances, be used to satisfy losses of other clients of the Fund’s clearing member. In addition, although clearing members guarantee performance of their clients’ obligations to the clearing house, there is a risk that the assets of the Fund might not be fully protected in the event of the clearing member’s bankruptcy, as the Fund would be limited to recovering only a pro rata share of all available funds segregated on behalf of the clearing member’s customers for the relevant account class. The Fund is also subject to the risk that a limited number of clearing members are willing to transact on the Fund’s behalf, which heightens the risks associated with a clearing member’s default. If a clearing member defaults the Fund could lose some or all of the benefits of a transaction entered into by the Fund with the clearing member. If the Fund cannot find a clearing member to transact with on the Fund’s behalf, the Fund may be unable to effectively implement its investment strategy. In addition, a counterparty (the other party to a transaction or an agreement or the party with whom the Fund executes transactions) to a transaction (including repurchase transaction) with the Fund may be unable or unwilling to make timely principal, interest or settlement payments, or otherwise honor its obligations.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put options contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Underlying NVDA ETF over the Call Period. This means that if the Underlying NVDA ETF experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Underlying NVDA ETF over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Underlying NVDA ETF over each Call Period, but has full exposure to any decreases in value experienced by the Underlying NVDA ETF over the Call Period, the NAV of the Fund may decrease over any given time period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the performance of the Underlying NVDA ETF. The degree of participation in the Underlying NVDA ETF gains the Fund will experience will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put options contracts and will vary from Call Period to Call Period. The value of the options contracts is affected by changes in the value and dividend rates of the Underlying NVDA ETF, changes in interest rates, changes in the actual or perceived volatility of the Underlying NVDA ETF and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the price of the Underlying NVDA ETF share changes and time moves towards the expiration of each Call Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly correlate on a day-to-day basis with the returns of the Underlying NVDA ETF share price. The amount of time remaining until the options contract’s expiration date affects the impact of the potential options contract income on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the price of the Underlying NVDA ETF share will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than that experienced by the Underlying NVDA ETF share price.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund makes distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Additionally, the monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.

    NAV Erosion Risk Due to Distributions. When the Fund makes a distribution, the Fund’s NAV will typically drop by the amount of the distribution on the related ex-dividend date. The repeated payment of distributions by the Fund, if any, may significantly erode the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing strategy will impact the extent that the Fund participates in the positive price returns of the Underlying NVDA ETF and, in turn, the Fund’s returns, both during the term of the sold put options and over longer time periods. 187 If, for example, the Fund were to sell 10% in-the-money put options having a one-month term, the Fund’s participation in the positive price returns of the Underlying NVDA ETF will be capped at 10% for that month. However, over a longer period (e.g., a three-month period), the Fund should not be expected to participate fully in the first 30% (i.e., 3 months x 10%) of the positive price returns of the Underlying NVDA ETF, or the Fund may even lose money, even if the Underlying NVDA ETF share price has appreciated by at least that much over such period, if during any particular month or months over that period the Underlying NVDA ETF had a return less than 10%. This example illustrates that both the Fund’s participation in the positive price returns of the Underlying NVDA ETF and its returns will depend not only on the price of the Underlying NVDA ETF but also on the path that the Underlying NVDA ETF takes over time.

    If, for example, the Fund were to sell 5% out-of-the-money put options having a one-week term, the Fund’s downward protection against the negative price returns of the Underlying NVDA ETF will be capped at 5% for that week. However, over a longer period (e.g., a four-week period), the Fund should not be expected to be protected fully in the first 25% (i.e., 4 weeks x 5%) of the negative price returns of the Underlying NVDA ETF, and the Fund may lose money, even if the Underlying NVDA ETF share price has appreciated over such period, if during any particular week or weeks over that period the Underlying NVDA ETF share price had decreases by more than 5%. This example illustrates that both the Fund’s protection against the negative price returns of the Underlying NVDA ETF and its returns will depend not only on the price of the Underlying NVDA ETF but also on the path that the Underlying NVDA ETF takes over time.

    Under both cases the Fund may be fully exposed to the downward movements of the Underlying NVDA ETF, offset only by the premiums received from selling put contracts. The Fund does not seek to offer any downside protection, except for the fact that the premiums from the sold options may offset some or all of the Underlying NVDA ETF’s decline.

    Option Market Liquidity Risk. The trading activity in the option market of the Underlying NVDA ETF may be limited and the option contracts may trade at levels significantly different from their economic value. The lack of liquidity may negatively affect the ability of the Fund to achieve its investment objective. This risk may increase if the portfolio turnover is elevated, for instance because of frequent changes in the number of Shares outstanding, and if the net asset value of the Underlying NVDA ETF is modest. For the 12-month period ending September 30, 2024, the net asset value of the Underlying NVDA ETF ranged from $0.6m to $5,986m.

    Concentration Risk. To the extent that the Underlying NVDA ETF concentrates its investments in a particular industry, the Fund will be subject to the risks associated with that industry.

    ETF Risks.

    Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk. The Fund has a limited number of financial institutions that are authorized to purchase and redeem Shares directly from the Fund (known as “Authorized Participants” or “APs”). In addition, there may be a limited number of market makers and/or liquidity providers in the marketplace. To the extent either of the following events occur, Shares may trade at a material discount to NAV and possibly face delisting: (i) APs exit the business or otherwise become unable to process creation and/or redemption orders and no other APs step forward to perform these services; or (ii) market makers and/or liquidity providers exit the business or significantly reduce their business activities and no other entities step forward to perform their functions.

    Cash Redemption Risk. The Fund currently expects to affect a significant portion of its creations and redemptions for cash, rather than in-kind securities. Paying redemption proceeds in cash rather than through in-kind delivery of portfolio securities may require the Fund to dispose of or sell portfolio securities or other assets at an inopportune time to obtain the cash needed to meet redemption orders. This may cause the Fund to sell a security and recognize a capital gain or loss that might not have been incurred if it had made a redemption in-kind. As a result, the Fund may pay out higher or lower annual capital gains distributions than ETFs that redeem in-kind. The use of cash creations and redemptions may also cause the Fund’s Shares to trade in the market at greater bid-ask spreads or greater premiums or discounts to the Fund’s NAV. Furthermore, the Fund may not be able to execute cash transactions for creation and redemption purposes at the same price used to determine the Fund’s NAV. To the extent that the maximum additional charge for creation or redemption transactions is insufficient to cover the execution shortfall, the Fund’s performance could be negatively impacted.

    Costs of Buying or Selling Shares. Due to the costs of buying or selling Shares, including brokerage commissions imposed by brokers and bid-ask spreads, frequent trading of Shares may significantly reduce investment results and an investment in Shares may not be advisable for investors who anticipate regularly making small investments.

    Shares May Trade at Prices Other Than NAV. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of Shares will approximate the Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount) due to supply and demand of Shares or during periods of market volatility. This risk is heightened in times of market volatility, periods of steep market declines, and periods when there is limited trading activity for Shares in the secondary market, in which case such premiums or discounts may be significant.

    Trading. Although Shares are listed on a national securities exchange, such as The Nasdaq Stock Market, LLC (the “Exchange”), and may be traded on U.S. exchanges other than the Exchange, there can be no assurance that an active trading market for the Shares will develop or be maintained or that the Shares will trade with any volume, or at all, on any stock exchange. This risk may be greater for the Fund as it seeks to have exposure to a single underlying stock as opposed to a more diverse portfolio like a traditional pooled investment. In stressed market conditions, the liquidity of Shares may begin to mirror the liquidity of the Fund’s underlying portfolio holdings, which can be significantly less liquid than Shares. Shares trade on the Exchange at a market price that may be below, at or above the Fund’s NAV. Trading in Shares on the Exchange may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in Shares inadvisable. In addition, trading in Shares on the Exchange is subject to trading halts caused by extraordinary market volatility pursuant to the Exchange “circuit breaker” rules. There can be no assurance that the requirements of the Exchange necessary to maintain the listing of the Fund will continue to be met or will remain unchanged. In the event of an unscheduled market close for options contracts that reference a single stock, such as the Underlying NVDA ETF’s securities being halted or a market wide closure, settlement prices will be determined by the procedures of the listing exchange of the options contracts. As a result, the Fund could be adversely affected and be unable to implement its investment strategies in the event of an unscheduled closing.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses. Frequent trading may also cause adverse tax consequences for investors in the Fund due to an increase in short-term capital gains.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risk is greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts. Markets for securities or financial instruments could be disrupted by a number of events, including, but not limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation or regulatory changes inside or outside the United States. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to sell an illiquid security at an unfavorable time or price, the Fund may be adversely impacted. Certain market conditions or restrictions, such as market rules related to short sales, may prevent the Fund from limiting losses, realizing gains or achieving a high correlation with the Underlying NVDA ETF. There is no assurance that a security that is deemed liquid when purchased will continue to be liquid. Market illiquidity may cause losses for the Fund.

    Management Risk. The Fund is subject to management risk because it is an actively managed portfolio. In managing the Fund’s investment portfolio, the portfolio managers will apply investment techniques and risk analyses that may not produce the desired result. There can be no guarantee that the Fund will meet its investment objective.

    Money Market Instrument Risk. The Fund may use a variety of money market instruments for cash management purposes, including money market funds, depositary accounts and repurchase agreements. Repurchase agreements are contracts in which a seller of securities agrees to buy the securities back at a specified time and price. Repurchase agreements may be subject to market and credit risk related to the collateral securing the repurchase agreement. Money market instruments, including money market funds, may lose money through fees or other means.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. As a result, a decline in the value of an investment in a single issuer or a smaller number of issuers could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.

    Operational Risk. The Fund is subject to risks arising from various operational factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund relies on third-parties for a range of services, including custody. Any delay or failure relating to engaging or maintaining such service providers may affect the Fund’s ability to meet its investment objective. Although the Fund, Adviser, and Sub-Adviser seek to reduce these operational risks through controls and procedures, there is no way to completely protect against such risks.

    Recent Market Events Risk. U.S. and international markets have experienced significant periods of volatility in recent years and months due to a number of economic, political and global macro factors including the impact of COVID-19 as a global pandemic, which has resulted in a public health crisis, disruptions to business operations and supply chains, stress on the global healthcare system, growth concerns in the U.S. and overseas, staffing shortages and the inability to meet consumer demand, and widespread concern and uncertainty. The global recovery from COVID-19 is proceeding at slower than expected rates due to the emergence of variant strains and may last for an extended period of time. Continuing uncertainties regarding interest rates, rising inflation, political events, rising government debt in the U.S. and trade tensions also contribute to market volatility. Conflict, loss of life and disaster connected to ongoing armed conflict between Ukraine and Russia in Europe and Israel and Hamas in the Middle East could have severe adverse effects on the region, including significant adverse effects on the regional or global economies and the markets for certain securities. The U.S. and the European Union have imposed sanctions on certain Russian individuals and companies, including certain financial institutions, and have limited certain exports and imports to and from Russia. The war has contributed to recent market volatility and may continue to do so.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment vehicle which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (the Underlying NVDA ETF), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Tax Risk. The Fund intends to elect and to qualify each year to be treated as a RIC under Subchapter M of the Code. As a RIC, the Fund will not be subject to U.S. federal income tax on the portion of its net investment income and net capital gain that it distributes to Shareholders, provided that it satisfies certain requirements of the Code. If the Fund does not qualify as a RIC for any taxable year and certain relief provisions are not available, the Fund’s taxable income will be subject to tax at the Fund level and to a further tax at the shareholder level when such income is distributed. To comply with the asset diversification test applicable to a RIC, the Fund will attempt to ensure that the value of the derivatives it holds is never 25% of the total value of Fund assets at the close of any quarter. If the Fund’s investments in the derivatives were to exceed 25% of the Fund’s total assets at the end of a tax quarter, the Fund, generally, has a grace period to cure such lack of compliance. If the Fund fails to timely cure, it may no longer be eligible to be treated as a RIC. In addition, distributions received by the Fund from the Underlying NVDA ETF may generate “bad income” that could prevent the Fund from meeting the “Income Requirement” of Subchapter M of the Code, which may cause the Fund to fail to qualify as a RIC.

    Investing in U.S. Equities Risk. Investing in U.S. issuers subjects the Fund to legal, regulatory, political, currency, security, and economic risks that are specific to the U.S. Certain changes in the U.S., such as a weakening of the U.S. economy or a decline in its financial markets, may have an adverse effect on U.S. issuers.

    U.S. Government and U.S. Agency Obligations Risk. The Fund may invest in securities issued by the U.S. government or its agencies or instrumentalities. U.S. Government obligations include securities issued or guaranteed as to principal and interest by the U.S. Government, its agencies or instrumentalities, such as the U.S. Treasury. Payment of principal and interest on U.S. Government obligations may be backed by the full faith and credit of the United States or may be backed solely by the issuing or guaranteeing agency or instrumentality itself. In the latter case, the investor must look principally to the agency or instrumentality issuing or guaranteeing the obligation for ultimate repayment, which agency or instrumentality may be privately owned. There can be no assurance that the U.S. Government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) where it is not obligated to do so.

    Fixed Income Securities Risk. The market value of Fixed Income Securities will change in response to interest rate changes and other factors, such as changes in the effective maturities and credit ratings of fixed income investments. During periods of falling interest rates, the values of outstanding Fixed Income Securities and related financial instruments generally rise. Conversely, during periods of rising interest rates, the values of such securities and related financial instruments generally decline. Fixed Income Securities are also subject to credit risk.

    Investments in Fixed Income Securities may also involve the following risks, depending on the instrument involved:

    • Asset-Backed/Mortgage-Backed Securities Risk – The market value and yield of asset-backed and mortgage-backed securities can vary due to market interest rate fluctuations and early prepayments of underlying instruments.
    • Credit Risk – An investment in the Fund also involves the risk that the issuer of a Fixed Income Security that the Fund holds will fail to make timely payments of interest or principal or go bankrupt, or that the value of the securities will decline because of a market perception that the issuer may not make payments on time, thus potentially reducing the Fund’s return.
    • Event Risk – Event risk is the risk that corporate issuers may undergo restructurings, such as mergers, leveraged buyouts, takeovers, or similar events financed by increased debt. As a result of the added debt, the credit quality and market value of a company’s bonds and/or other debt securities may decline significantly.
    • Extension Risk – Payment on the loans underlying Fixed Income Securities held by the Fund may be made more slowly when interest rates are rising.
    • Interest Rate Risk – Generally, the value of Fixed Income Securities will change inversely with changes in interest rates. As interest rates rise, the market value of Fixed Income Securities tends to decrease. Conversely, as interest rates fall, the market value of Fixed Income Securities tends to increase. This risk will be greater for long-term securities than for short-term securities. In recent periods, governmental financial regulators, including the U.S. Federal Reserve, have taken steps to maintain historically low interest rates. Very low or negative interest rates may magnify interest rate risk. Changes in government intervention may have adverse effects on investments, volatility, and illiquidity in debt markets.
    • Prepayment Risk – When interest rates are declining, issuers of Fixed Income Securities held by the Fund may prepay principal earlier than scheduled.

    The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates ©2024 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    The MIL Network –

  • MIL-OSI: ManTech Wins $200 Million Cyber Contract with National Oceanic and Atmospheric Administration

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., May 21, 2025 (GLOBE NEWSWIRE) — ManTech, a leading provider of artificial intelligence (AI), Cyber and mission-focused technology solutions, has won a $200 million contract with the National Oceanic and Atmospheric Administration (NOAA) to create and manage a transformational Security Operations Center (SOC) that sets the model for efficient, reliable federal cybersecurity.

    Under this 8-year task order ManTech will implement its innovative “cell-based” SOC approach that revolutionizes the traditional three-tiered SOC model. Leveraging lean agile principles and the integration of advanced technology, the cell-based SOC delivers massive improvements in efficiency and cybersecurity effectiveness. This collaborative partnership between NOAA and ManTech will empower NOAA’s Cyber Security Center (NCSC) to monitor and protect the entire system of systems supporting NOAA’s global, land, sea, air and space missions.

    “ManTech’s partnership with NOAA will bring significant opportunities for innovation and efficiency that all federal government SOCs can benefit from,” said Stephen Deitz, President of the company’s Federal Civilian Sector. “Our cell-based approach, proven in sensitive national security missions for more than a decade, drives efficiencies, accountability and operational excellence in Cyber defense systems.”

    About ManTech  
    ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 57 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at www.mantech.com.

    Media Contact: 

    Jim Crawford 
    ManTech 
    Executive Director, External Communications 
    (M) 703-498-7315 
    James.Crawford2@ManTech.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d2446357-bbdf-4f7f-926b-8fa0f270d41e

    The MIL Network –

  • MIL-OSI USA: Ranking Members Lofgren and Amo Implore Trump Administration to End Reckless Hiring Freeze at NWS

    Source: US Congressman Gabe Amo (Rhode Island 1st District)

    The letter comes as communities work to recover after deadly storms ripped through the South and Midwest this weekend.

    Washington, DC – Today, Ranking Member Zoe Lofgren (D-CA) and Environment Subcommittee Ranking Member Gabe Amo (D-RI) sent a letter to Office of Management and Budget Director Russell Vought imploring the White House to grant a public safety exemption for the National Weather Service (NWS) and immediately lift the hiring freeze keeping the agency from hiring individuals to fill vacancies at woefully understaffed NWS forecasting offices. Currently, the Trump administration has a hiring freeze in place across the federal government. However, many agencies deemed critical to public safety have been exempted from the hiring freeze. Lofgren and Amo stress that given NWS’s role in keeping Americans safe and informed the agency should be granted an exemption. 

    “We write to you in defense of a critical public safety agency currently being strangled by the policies of the Trump Administration,” the Ranking Members wrote in the letter. “The National Weather Service (NWS) saves lives. It provides essential weather forecasts that alert Americans to extreme weather events. It coordinates with local officials and emergency responders to prepare for extreme weather and minimize the resulting dangers to life and property. And it delivers weather forecast information that Americans rely on each and every day to make basic decisions and plan their lives. It is simply indispensable; if the NWS does not perform these tasks, nobody else will. But the NWS is only as strong as its people. The NWS workforce is withering away because of this administration’s policies: indiscriminate firings; repeated offers of ‘deferred resignation’ and early retirement accompanied by threatened mass layoffs and hostile attacks on federal workers; and on top of it all, a hiring freeze that prevents the hiring of new employees to fill vacancies in critical public safety jobs across the country. Inexplicably, President Trump has refused to exempt NWS from the government-wide hiring freeze by designating it as a public safety department, despite the obvious and essential role it plays in protecting public safety during extreme weather events. As a result, NWS faces a profound crisis. The administration is playing with fire, and the American people are the ones who will get burned – literally, in the case of wildfires like the ones that tore through southern California earlier this year. As the start of hurricane season looms, we implore you to lift the hiring freeze for NWS before it is too late and allow the agency to hire the meteorologists, scientists, and technicians that it needs to carry out its mission and keep the American people safe.”

    Read the letter here. 

    ###

    MIL OSI USA News –

  • MIL-OSI Europe: ASIA/INDONESIA – The Director of the PMS: “Social justice as part of the mission, inspired by Pope Leo”

    Source: Agenzia Fides – MIL OSI

    Wednesday, 21 May 2025

    Archdiocese of Jakarta

    Rome (Agenzia Fides) – “Social justice is one of the central themes today for a great nation like Indonesia, an emerging nation on the international scene. It is also a crucial issue for the Church’s mission in Indonesia. And we see that Pope Leo XIV, inspired by his predecessor Leo XIII, the Pope of Rerum Novarum, has placed the theme of social justice among the central points of his vision and action.This can also be of help to us,” says Father Alfonsus Widhiwiryawan, a Xaverian missionary originally from Java and National Director of the Pontifical Mission Societies (PMS) in Indonesia, in an interview with Fides.Fr. Alfonsus recalls Pope Leo XIV’s recent speech to the Diplomatic Corps, in which he stated that “the pursuit of peace requires the practice of justice.” And, evoking Leo XIII, he added that “in the era of change we are experiencing, the Holy See cannot fail to make its voice heard in the face of the numerous imbalances and injustices that cause, among other things, undignified working conditions and increasingly fragmented and conflict-ridden societies. It is also necessary to correct global inequalities, where opulence and poverty leave deep gaps between continents, countries, and even within individual societies.” “This need is felt in Indonesia, a nation characterized by a great diversity of regions, cultures, religious contexts, and socio-economic situations. The risk is fragmentation, even within the Church itself,” the missionary emphasized. “That is why our national motto is unity in diversity, and we are called to practice it every day also within the Church,” added the national director of the PMS. Social justice, he recalls, “is also one of the fundamental principles of Pancasila, the five-principle charter that is the basis of the Indonesian nation, and is a particularly relevant issue for many Muslim organizations.”The Indonesian bishops have clearly expressed their commitment in this area. For example, the prelates of the Flores region, in their message for Lent 2025, issued a joint appeal for “justice for the poor and a renewed commitment to Gospel values.” In particular, they expressed concern about the development of geothermal projects, which, they noted, “harm the environment, food security, social balance, and cultural sustainability.” They also denounced the persistence of chronic malnutrition, which continues to affect many young children, stressing that “this is not simply a question of health, but of justice.” “All children deserve food, love, and dignity,” they wrote, encouraging targeted support for vulnerable families and the implementation of solid nutrition education programs. It is in this context that the debate surrounding the economic policy of the new President, Prabowo Subianto, is taking place. In keeping with his campaign promises, he has launched an ambitious program to support school canteens and a budget efficiency plan. However, the latter has sparked protests over job cuts and the suspension of scholarships until 2025. Fr. Alfonsus comments on this: “Instead of allocating public resources to welfare measures that bring easy consensus, the government should consider and implement policies capable of stimulating economic growth, combating unemployment, and promoting authentic and sustainable development.” Social justice was also the central theme of Pope Francis’ first speech during his trip to Indonesia, on September 4, 2024, at the Presidential Palace in Jakarta, before both the outgoing President Joko Widodo and President-elect Prabowo Subianto. On that occasion, the Pontiff called for a “true and far-sighted commitment” to achieving social justice, so that a substantial part of humanity is not left “on the margins, without a dignified existence and without any defense against the serious social imbalances that trigger acute conflicts.” “In a rapidly changing society,” concludes the National Director of the PMS, “the Indonesian Catholic Church is called to understand and expand its mission, reflecting and actively engaging in the field of social justice.” (PA) (Agenzia Fides, 21/5/2025)
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    MIL OSI Europe News –

  • MIL-OSI Europe: AFRICA/DR CONGO – “We hope the Pope will make an appeal for peace in the Democratic Republic of Congo”

    Source: Agenzia Fides – MIL OSI

    Wednesday, 21 May 2025   wars  

    Kinshasa (Agenzia Fides) – “We hope the Pope will make an appeal for peace in the Democratic Republic of Congo,” write the members of ACMEJ (Association Against Evil and for the Integration of Youth) of Katogota, in the province of South Kivu, in the east of the country.Recalling that “in his first Sunday blessing from St. Peter’s Basilica, the new Pope Leo XIV made a solemn appeal for peace in Ukraine and for an immediate ceasefire in Gaza,” the members of the ACMEJ ask the Holy Father not to forget the tragedy of their homeland, one of the forgotten conflicts that continue to bloody the world. Since the M23 guerrillas, supported by Rwandan soldiers, have conquered vast areas of North and South Kivu—including the regional capitals of Goma and Bukavu—the civilian population has been living in tragic conditions.According to ACMEJ, the village of Katogota, already the scene of a massacre on May 14, 2000, in which 375 civilians died, has once again been “destroyed, looted, wounded, and bombed by the M23 and its Rwandan allies.” “The attackers have illegally occupied the premises of the local Catholic Church of Saint Berger—church, school, and prayer hall—as well as the multipurpose hall of the Katogota community, setting up their camp there and transforming the religious and educational spaces into military accommodation,” the statement sent to Fides said.”The villagers ask Pope Leo XIV to make a new solemn appeal for peace in the eastern Democratic Republic of the Congo, starting with an immediate and effective ceasefire and the creation of a buffer zone in the villages of Katogota and Kamanyola, under the control of military forces sent by the United Nations Security Council or the African Union.” According to the ACMEJ, this measure would allow refugees and displaced persons from Katogota to return to their homes more safely, pending a final peace agreement,” the human rights organization stated.The villages of Katogota and Kamanyola are currently on the front line separating the M23 from forces loyal to the Kinshasa government (see Fides, 4/3/2025). The situation has been further aggravated by the Congolese government’s recent decision to close banks and airports in areas under M23 control.The Secretary General of the National Episcopal Conference of Congo (CENCO), Bishop Donatien Nshole, denounced the interruption of these essential services. “The closure of banks and airports in these areas forces many families to survive in particularly precarious conditions,” he said on May 19. (L.M.) (Agenzia Fides, 21/5/2025)
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    MIL OSI Europe News –

  • MIL-OSI Europe: Government meets with employers’ associations on workplace health and safety

    Source: Government of Italy (English)

    20 Maggio 2025

    The Government held two separate meetings with employers’ associations and trade associations at Palazzo Chigi today, both chaired by Undersecretary of State to the Presidency of the Council of Ministers Alfredo Mantovano. The purpose of the meetings was to outline workplace health and safety proposals and initiatives.

    MIL OSI Europe News –

  • MIL-OSI Russia: The Soloma Festival will celebrate its 10th anniversary at the Moskino cinema park

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The multi-genre festival “Soloma” will be held in the capital for the 10th time on June 7 and 8. This time it will be held on the central square of the Moskino cinema park. The event can be attended with entrance tickets to the cinema park. Musicians will perform from 14:00 to 22:00 every day of the festival.

    On June 7, the program will be opened by students of the Moscow State Conservatory named after P.I. Tchaikovsky. They will perform songs and compositions from famous Soviet and world films. In addition, guests will see performances by performers Sasha de Buryak, Flora and Minaeva, musician Anton Lavrentyev, the group Ubel and participants of the multi-genre musical project “Tima is looking for light”.

    On the second day of the festival, guests will meet the performer Alena Samartseva, the groups Dreams Shadow, Shoo and “Elli na makovom pole”, as well as the participants of the musical project “Shaly”. At the end, the singer and songwriter Tosya Chaikina will perform.

    In addition, on June 7 and 8, guests of the Moskino cinema park will be treated to lessons from professional makeup artists, an inflatable trampoline for children, as well as ping-pong and mini-golf games. A food court with a variety of takeaway snacks will open on the central square.

    The Soloma festival has been opening new names to the general public for 10 years and giving young musicians the opportunity to present their work to a wider audience. In different years, such up-and-coming artists as Untone Chernov, Zavazalsky, Sasha Garahanov, as well as the groups Obe Dve, Neeeet, Ty Chko, Komnata Kultury and many others have performed at the venues.

    The festival is held with the support of the capital Department of Culture within the framework of the program “Summer in Moscow”. The event contributes to the implementation of the goals and objectives of the national project “Family” in Moscow.

    The play “Victory! The Banner over the Reichstag!” was seen by about seven thousand spectatorsSobyanin: Moskino Cinema Park has become one of the most popular filming locations

    The Moskino Cinema Park is part of the Moscow Mayor Sergei Sobyanin’s project “Moscow – City of Cinema” and an object of the Moscow cinema cluster, which is being developed by the capital Department of Culture. The first stage of creation has already been completed here: 24 natural sites, four pavilions and six infrastructure facilities have been built. Among them are the sets “Center of Moscow”, “Moscow of the 1940s”, “Vitebsk Station”, “Yurovo Airport”, “Cathedral Square of Moscow”, “Deaf Village”, “County Town”, “Cowboy Town”, “St. Petersburg Bar” and other sites.

    The Moscow Film Cluster is an infrastructure facility, services and facilities for filmmakers, which are being developed by the Moscow Government within the framework of the Moscow — City of Cinema project. Its structure includes the Moskino film park, the Gorky Film Studio (sites on Sergei Eisenstein Street and Valdaisky Proyezd), the Moskino film factory, the Moskino cinema chain, the film commission and the Moskino film platform.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/154142073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Why are young Chinese marrying less often?

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, May 21 (Xinhua) — A total of 1.81 million couples in China legalized their relationships in the first quarter of 2025, down 8 percent from the same period in 2024, according to data from the Ministry of Civil Affairs.

    After a nine-year decline, the country’s marriage rate briefly turned up in 2023. However, in 2024, the downward trend resumed, and the number of marriages fell to its lowest level since 1980.

    Experts attribute the overall decline to a decline in the number of people of marriageable age, changing Chinese attitudes about marriage and financial concerns associated with marriage.

    Demographer He Yafu, who has been tracking marriage data in the country for a long time, calculated based on data from the 7th National Population Census that in 2025, the number of women aged 15-49 in China will decrease by more than 16 million compared to 2020, among which the number of women aged 20-39 will decrease by more than 14 million. At the same time, according to the census data, there were 17.52 million more men of marriageable age (20 to 40 years old) in China than women.

    Li Ting, a population expert at Renmin University of China, said higher levels of education and a growing sense of individualism had combined to significantly change traditional Chinese views on marriage.

    “Nowadays, master’s students are usually 25 or 26 years old when they graduate, and doctoral graduates are usually around 30 or older. If they work for a few years, they will become even older and will postpone marriage until later,” said Tan Kejian, a research fellow at the Shanxi Academy of Social Sciences in northern China.

    “In the past, young people often got married around the time they finished their studies or started working, but now many do not think about marriage, or only if they plan to have children,” Li Ting added.

    According to the 2020 China Census Yearbook, the average age at first marriage in China was 28.67 years old, up nearly four years from 24.89 years in 2010. And the figure is still rising. Official data showed that among those in their 30s, the proportion of those who have never married rose from 14.56 percent in 2014 to 29.97 percent in 2024.

    Moreover, for some young people, celibacy is their voluntary choice.

    As one netizen put it on the popular microblogging site Weibo: “If I were married, there’s no way I could enjoy the freedom I have now.” Another commented: “If I can’t find the right person, I’d rather stay single than settle down.”

    Other Weibo users pointed out the difficulties of life, noting that raising a child can be a grueling process that often involves the entire family, including parents on both sides.

    Sociologist Li Yinhe believes that the growing number of single people is closely linked to the country’s ongoing processes of urbanization and modernization.

    “In the past, women who were not married often had no means of support. But today, women are quite capable of earning their own living and no longer have to rely on men. As a result, the desire to marry has significantly decreased compared to earlier times,” she explained.

    While Chinese society has become more accepting of single people, the decline in new marriages has also led to a decline in the birth rate, a trend that is causing growing public concern.

    In response to these changes, Chinese authorities have introduced various incentives to create a society that is friendly to newlyweds.

    Earlier in April, the government revised the rules for registering marriages, reducing the amount of paperwork and giving couples more freedom to choose where to register their union. The new rules came into force on May 10 this year.

    Some parts of China have already begun offering incentives for getting married. In a village in the southern city of Guangzhou, Guangdong Province, newlyweds can apply for a bonus of up to 40,000 yuan (about $5,490), while the northern city of Lüliang, Shanxi Province, is offering 1,500 yuan to women who marry before age 35. In east China’s Zhejiang Province, paid leave for marriage has been extended from three to 13 days.

    China is also increasingly offering conveniences to single young people as a “single person economy” gradually takes shape.

    Restaurants are offering single-serving meals, the market for single-occupancy apartments is booming, and small appliances and compact kitchenware are gaining popularity. Services such as solo travel and one-person wedding photo shoots are also on the rise.

    Li Ting noted that over the past three decades, the number of people choosing to remain single for life in countries such as the Republic of Korea and Japan has steadily increased, and this trend may well reflect the future of marriage in China. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: The First Central Asian Sinology Forum was held in Almaty

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    ALMATY, May 21 (Xinhua) — The First Central Asian Sinology Forum (Kazakhstan) was held in Almaty on Wednesday. The event is aimed at strengthening dialogue between Central Asian countries and China, as well as studying the trends and prospects for the development of Sinology in the region.

    Chairman of the Senate of the Parliament of the Republic of Kazakhstan Maulen Ashimbayev noted in his congratulatory letter that China is one of the most important partners /of Kazakhstan/ in Central Asia. At present, relations between the two countries are being actively updated and brought to a qualitative level.

    Consul General of the People’s Republic of China in Almaty Jiang Wei stated in her keynote speech that China and Kazakhstan, being good neighbors and reliable partners, are actively developing humanitarian cooperation: the number of students studying at universities in both countries is constantly growing, and interest in studying the Chinese language in Kazakhstan is steadily increasing.

    “The study of China in Central Asian countries already has a solid political foundation and is facing a historic opportunity that has no precedent. I am confident that the upcoming Second China-Central Asia Summit will open up new prospects for the development of Sinology in the region,” she said.

    Chairperson of the Almaty Association of Sinologists Dinara Dauen noted that in order for the interaction between China and Central Asia to be truly deep and meaningful, it is especially important to strive for deeper mutual understanding.

    The forum was attended by Sinologists, scholars and experts from Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan, as well as representatives of universities and research centers in China. The participants discussed the current state and prospects for the development of Sinology in Central Asia, the role of Sinology in cooperation between China and the countries of the region, the study and teaching of the Chinese language in Central Asia, and the development of the Chinese language and literature in the region. –0–

    MIL OSI Russia News –

  • Kailash Manasarovar Yatra to begin in June; computerized draw selects 750 pilgrims

    Source: Government of India

    Source: Government of India (4)

    The Ministry of External Affairs (MEA) on Wednesday announced that the annual Kailash Manasarovar Yatra will commence in June and continue through August. In preparation for the pilgrimage, a computerized draw to select participants was conducted today by Kirti Vardhan Singh, Minister of State for External Affairs and Environment, Forest and Climate Change.

    A total of 5,561 pilgrims had successfully registered for the Yatra this year, comprising 4,024 male and 1,537 female applicants. From these, 750 Yatris, including liaison officers, were selected through a fair, computer-generated random selection process. The draw was designed to be gender-balanced and fully transparent.

    Selected participants are being informed of their selection via SMS and email. They can also check their status by logging into the official Yatra website at https://kmy.gov.in or by contacting the MEA helpline at 011-23088133.

    The Yatra will take place along two routes: the Lipulekh route and the Nathu La route. A total of 15 batches, each comprising 50 pilgrims, will make the journey—five batches via Lipulekh and ten via Nathu La. Both routes are now fully motorable, significantly reducing the need for strenuous trekking. Detailed information about the routes and batch schedules is available on the Yatra website.

    During the draw event, MoS Singh highlighted the government’s ongoing efforts to make the pilgrimage more accessible, safer, and more environmentally conscious. He emphasized the importance of undertaking the Yatra with responsibility, humility, and care—not only for fellow pilgrims but also for preserving the sacred environment of the region.

  • MIL-OSI Global: Trump’s Afrikaners are South African opportunists, not refugees: what’s behind the US move

    Source: The Conversation – Africa – By Roger Southall, Professor of Sociology, University of the Witwatersrand

    South Africans are wearily attuned to governments’ Orwellian misuse of language. After all, South Africa is a country where a one-time government passed a law (the Natives Abolition of Passes and Coordination of Documents Act of 1952 which extended rather than abolishing the notorious pass system. This made it compulsory for black South Africans over the age of 16 to carry a passbook. And the same government passed the Extension of University Education Act of 1959 which made it more, not less, difficult for black students to register at “open” (or white) universities.

    So perhaps they should not be unduly surprised that the government of the US has imported 49 Afrikaners and labelled them as “refugees”. The claim is that they are escaping from the persecution of Afrikaners – and white people more broadly – in South Africa today.

    The Trump administration knows perfectly well this claim is a complete fabrication. As President Cyril Ramaphosa and his government have pointed out, there is no evidence whatsoever that Afrikaners or white people more generally are subject to genocide.



    Read more:
    Trump and South Africa: what is white victimhood, and how is it linked to white supremacy?

    True, South Africa has one of the highest murder rates in the world. But it is poor black South Africans – not whites – who are principal victims of such deadly violence. Nor are Afrikaners/whites subject to persecution. Along with all other South Africans, their human rights are protected by a constitution. This is no mere piece of paper. Its provisions are (albeit imperfectly, and unlike in the US these days) largely enforced by the courts.

    Furthermore, genocide implies the deliberate elimination of a people on racial, ethnic, or religious grounds. Therefore, if a genocide of whites and Afrikaners was taking place, we might assume that their numbers would be falling. In fact the reverse is true. The white population has continued to grow (albeit slowly) in absolute numbers since 1994.

    Worse, the characterisation of Afrikaners as refugees at a moment in time when the people of Gaza are daily subject to a regime of death, terror, and murder inflicted on them by the Israeli government is not merely an absurdity but a downright insult to those genuinely subject to genocide.

    So, what is really going on?

    The drivers

    Extensive commentary has correctly highlighted the motivations of the Trump administration.

    First, the administration has launched an attack on what it terms the “tyranny” of “diversity, equity and inclusion” policies across the entire spectrum of public and private institutions in America. Critics argue this is driven by an appeal to Trump’s white Christian nationalist political base. Because post-apartheid South Africa, rightly or wrongly, has become the poster-country of diversity, equity and inclusion policies internationally, because of its constitutional commitment to non-racialism and diversity, it has been singled out for attack.

    Secondly, labelling Afrikaners as refugees plays to the insecurities of Trump’s political base. This finds the idea of a white minority being ruled by a black majority government difficult to swallow.

    Third, characterising Afrikaners as subject to genocide is a very deliberate response to South Africa’s charging of Israel as guilty of genocide against the Palestinian people before the International Court of Justice. But this is unacceptable to the US Christian nationalist right. For them the existence of Israel represents the realisation of Biblical truth – the return of Jews to the Holy Land.

    Trump is saying that the US can and will play the same game, using it to clobber South Africa regardless of the groundlessness of the charge. But, being Trump, he will balance pandering to his support base against what economic benefits he can extract from South Africa.

    The landscape

    But what of the 49 Afrikaners themselves? Why have they chosen to accept the opportunity offered to them by the US government? After all, extensive attention in the South African media has been given to Afrikaners who have defiantly stated that they are committed to staying in South Africa. The reasons they give are that it’s their home. And they fully accept that, at least formally, South Africa has become a non-racial democracy.

    Likewise, as I have detailed in my book on Whites and Democracy in South Africa, Afrikaners and whites have not only survived in democratic South Africa but, generally, have prospered economically. Furthermore, whites as a “population group” (to use outdated apartheid-era terminology) have participated fully in South African democracy. They are more highly disposed to voting in elections than other racial groupings, and de facto, they are well represented in parliament and local government by the Democratic Alliance, which is a vigorous defender of their interests.

    But (there is always a but), if we want to guess the motivations of Trump’s 49 “refugees”, we need to bear in mind the following.

    First, until we know more about the personal circumstances of the individuals involved, we cannot really know what has driven them to take the drastic step of leaving families and their personal history behind by moving to America.

    Second, most whites have responded to the arrival of democracy pragmatically. They have their numerous complaints, notably about equity employment (affirmative action policies in favour of blacks) which they view as discriminatory against whites. But they have continued to enjoy high rates of employment. Indeed they continue to occupy the higher ranks of employment in the private sector in disproportionate numbers.

    However, although many whites continue to live in a de facto overwhelmingly white world, both at work and at their homes in suburbia, there remains a minority which has remained wholly unreconciled to the changes which have taken place politically and economically since 1994. The armed opposers linked to the far-right have long been defeated. But we may presume the 49 belong to a broader category of passive resisters who have withdrawn into a white world as much as possible.

    Third, although most whites continue to do well economically, the changes which have taken place since 1994 have led to the re-appearance of a small class of largely uneducated poor whites who feel excluded from employment by equity employment legislation. And who generally feel the loss of their racial status under democracy.

    Opportunists, not refugees

    Having said all that, some interesting questions remain.

    Presumably the Afrikaner 49 belonged to that category of whites which, for one reason or another, is disposed to leave South Africa. However, emigrating requires jumping through numerous hoops; meeting educational and professional qualifications, getting a job offer, having sufficient financial resources to take with them to support themselves and their families before they can qualify for recipient countries’ social security systems, and so on. Apart from the emotional costs involved, emigration is not always the easiest of options, even for those who wish to “escape”.

    The evidence suggests that the heads of household among the Afrikaner 49 are drawn not only from that minority of Afrikaners who are totally unreconciled to democracy, but who – quite simply – are opportunists who have availed themselves of a short cut to emigrate.

    Roger Southall 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. Trump’s Afrikaners are South African opportunists, not refugees: what’s behind the US move – https://theconversation.com/trumps-afrikaners-are-south-african-opportunists-not-refugees-whats-behind-the-us-move-257017

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Environment Agency scientists seek new ways to save mussel power

    Source: United Kingdom – Executive Government & Departments

    News story

    Environment Agency scientists seek new ways to save mussel power

    Mussel samples are a yardstick for coastal water quality. But with mussel numbers in decline, scientists are inventing new ways to sample waters.

    An Environment Agency officer collects Blue Atlantic Mussels.

    Mussels are one of nature’s yardsticks for coastal water quality, and they even help filter it. But with mussel numbers declining from Western Europe to the Arctic due to climate change, Environment Agency scientists are exploring new ways to sample water. 

    Each spring, Environment Agency officers collect samples of Atlantic Blue Mussels (Mytilus edulis) from the Camel estuary in Cornwall as part of their routine water quality monitoring. The Camel is one of around twenty sites in a national network. 

    The mussel flesh is removed from the mussels and then sent to the Environment Agency laboratories at Starcross and Leeds where it is analysed for a range of chemical contaminants found in the shellfish. 

    Mussels are perfect bioindicators of pollution as they are relatively long-lived, filter large amounts of water and absorb a wide range of pollutants in the water, accumulating them in their tissues. This makes them useful in understanding water quality. 

    But Atlantic Blue Mussels are facing a worrying decline, suspected to be caused by climate change. 

    In response, Environment Agency scientists are working with CEFAS (Centre for Environment, Fisheries and Aquaculture Science) to evaluate new innovations which may help us sample water whilst protecting and conserving mussels. 

    Passive monitoring techniques use thin film membranes to absorb chemicals and pollutants present in the water and, if successful, may replace the need for using mussels. 

    Passive monitoring devices may offer an alternative to mussel sampling.

    Paul Elsmere, from the Cornwall Analysis and Reporting Team, said: 

    Passive monitoring techniques are a promising development which may allow us to move away from mussel sampling.

    Wildlife is a great barometer of environmental health and none more so than the Atlantic Blue Mussel.

    But with these amazing creatures in worrying decline we need to focus on new innovations to measure water quality.

    Two types of passive sampler device have been trialled on the Itchen Estuary in Hampshire, as part of the UK government’s HM Treasury funded Coastal Health, Livelihoods and Environment Shared Outcomes Fund project. 

    The effectiveness of passive sampler devices compared to traditional spot water sampling methods such as mussel samples are being evaluated, and if successful this technology could transform our approach to monitoring chemicals in our coastal waters. 

    Passive sampling may also have other benefits, such as when investigating coastal health where pressures may not be constant across time or when the threshold for potential effects is low. 

    Background

    The passive sampling project was in collaboration with the Environment Agency’s Solent and South Downs’ marine team who identified the deployment location, obtained the necessary permission, and helped to coordinate the successful deployments. 

    Future monitoring on the River Itchen in 2025 will be coordinated with local citizen science groups managed by Solent and South Downs’ analysis and reporting team.

    Updates to this page

    Published 21 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UK attends Kimberley Process Intersessional hosted by the United Arab Emirates

    Source: United Kingdom – Executive Government & Departments 3

    News story

    UK attends Kimberley Process Intersessional hosted by the United Arab Emirates

    The United Kingdom reaffirms commitment to the Kimberley Process and support for its tripartite framework following the 2025 Kimberley Process Intersessional.

    The United Kingdom thanks the United Arab Emirates (UAE) for hosting the Kimberley Process Intersessional from 12 to 16 May.

    A strength of the Kimberley Process is its tripartite nature, which brings together leading expert voices from governments, local communities and industry.

    We reaffirm our commitment to listening to and championing the voice of the Civil Society Coalition in the Kimberley Process and look forward to their contributions to the ongoing review and reform cycle.

    We are proud to be a founding member of the Kimberley Process and continue to support the Initiative’s efforts to address the evolving nature of conflicts.  

    We look forward in particular to continuing collaboration with all Kimberley Process Participants and Observers on broadening the definition of “conflict diamonds”. This will ensure that the Kimberley Process remains relevant to emerging challenges.

    The Kimberley Process was designed to ensure that diamonds are not used to finance armed conflict. We regret that to date, the Process has not addressed the implications of Russia’s use of rough diamond revenue to fund their illegal war in Ukraine and will continue to press for this to be on its agenda.

    Updates to this page

    Published 21 May 2025

    Invasion of Ukraine

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Allister welcomes Wrightbus to Westminster

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by TUV MP Jim Allister:

    “I was delighted as North Antrim MP to welcome Wrightbus for their display at Parliament of their market-leading hydrogen bus.

    “Going forward it is critical that the government prioritises UK manufacturing in the roll out of zero emission buses, but, more than that, government should encourage schemes to support local authorities decarbonise their fleets through conversions of diesel buses – something Wrightbus can already do.

    “The growth we have seen at Wrightbus is fantastic, but there are yet further opportunities. I hope going forward we will see expansion into building hydrogen coaches at the Galgorm site.

    “It is great to have such a success story in North Antrim, not least because of the additional jobs it creates in the supply chain.”

    MIL OSI United Kingdom –

  • MIL-OSI: VanEck Prepares to Launch PurposeBuilt Fund to Invest in Real-World Applications on Avalanche

    Source: GlobeNewswire (MIL-OSI)

    The information contained in the private placement memorandum (the “PPM”) for the VanEck PurposeBuilt Fund, L.P. is not complete and may be changed. Van Eck may not solicit subscriptions until the limited partnership’s interests are available for purchase. The private placement memorandum is not an offer or a solicitation for subscriptions referenced therein and is not a solicitation for an offer or solicitation for subscriptions in any state where the offer is not permitted. Please view the PPM here: VanEck PurposeBuilt Fund Private Placement Memorandum.

    NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) — VanEck, a leading asset manager, is today announcing the upcoming launch of the VanEck PurposeBuilt Fund, a private digital assets fund that will invest in businesses building on Avalanche and launching tokens designed to create long-term value and utility. The Fund is expected to launch in June 2025.

    The Fund will invest in liquid tokens and venture-backed projects—spanning industries that include gaming, financial services, payments and AI—typically around or after a Token Generation Event, with a fundamentals-first strategy focused on long-term outcomes. Idle capital will be deployed onchain through Avalanche-native real-world asset (RWA) products, including tokenized money market funds, to maintain liquidity while reinforcing the broader onchain economy.

    The Fund will be managed by the team behind the VanEck Digital Assets Alpha Fund (DAAF), one of the strongest-performing directional liquid token funds in the market, with over $100 million in assets under management. Since launching in 2022, DAAF has focused on investing in liquid tokens tied to scalable products, economic alignment and real adoption. This same approach is being applied to the PurposeBuilt Fund, with a focus on the Avalanche ecosystem, currently valued at nearly $50 billion. The team sees a growing concentration of serious builders leveraging the Avalanche network to pioneer new markets, while generating onchain economic activity. The PurposeBuilt Fund reflects VanEck’s conviction in the “GDP onchain” thesis: that blockchain technology will eventually be core to global economic and financial systems and that the projects that align with this vision will be the most durable.

    “The next wave of value in crypto will come from real businesses, not more infrastructure,” said Pranav Kanade, Portfolio Manager of VanEck Digital Assets Alpha Fund. “Avalanche has become a magnet for thoughtful builders, and with the VanEck PurposeBuilt Fund, we’re bringing capital and conviction to the founders creating lasting value, not chasing momentum.”

    The Fund is designed to address a persistent challenge in today’s crypto market. Founders launching legitimate blockchain-enabled businesses often struggle to stand out in an environment dominated by short-term speculation. This distorts incentives, undermines token credibility and slows real adoption. The Fund offers strategic, differentiated capital and long-term alignment, empowering mission-driven founders to stay focused, remain long-term oriented and scale effectively.

    “VanEck’s launch of the PurposeBuilt Fund marks a pivotal moment for the Avalanche ecosystem,” commented John Nahas, Chief Business Officer at Ava Labs. “We’re seeing a shift away from speculative hype toward real utility and sustainable token economies, and the VanEck PurposeBuilt Fund aims to bring the kind of long-term capital and strategic conviction that builders need to lead that shift. This fund reinforces the strength of Avalanche as the home for serious founders who are scaling real businesses and driving meaningful onchain adoption.”

    Avalanche continues to attract teams creating real-world applications across sectors, including DeFi, RWAs, AI, gaming, payments and FinTech. These builders are delivering enterprise-grade products already being adopted by web2 platforms and traditional institutions. The VanEck PurposeBuilt Fund ensures they have the capital, support and signal they need to succeed.

    About VanEck

    VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends — including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 — that subsequently shaped the investment management industry.

    Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of 4/30/2025, VanEck managed approximately $116.6 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

    Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

    About Avalanche

    Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.

    Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

    General Disclosures

    This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees. 

    Important Disclosures – VanEck PurposeBuilt Fund and VanEck Digital Assets Alpha Fund

    The VanEck PurposeBuilt Fund and the VanEck Digital Assets Alpha Fund (together, the “Funds”) are not registered investment companies under the Investment Company Act of 1940 and are therefore not subject to the same regulatory requirements as mutual funds or ETFs. Both Funds rely on an exemption from registration as Commodity Pool Operators under CFTC Rule 4.13(a)(3) and are subject to related trading limitations, investor suitability requirements, and offering and marketing restrictions.

    VAN ECK ABSOLUTE RETURN ADVISERS CORPORATION (“VEARA”), THE INVESTMENT MANAGER OF THE FUNDS, IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. VEARA HAS ENGAGED OR MAY ENGAGE IN UNDERLYING OR SPOT VIRTUAL CURRENCY TRANSACTIONS IN THE FUNDS. ALTHOUGH NFA HAS JURISDICTION OVER VEARA, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY FOR UNDERLYING OR SPOT MARKET VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. YOU SHOULD ALSO BE AWARE THAT GIVEN CERTAIN MATERIAL CHARACTERISTICS OF THESE PRODUCTS, INCLUDING LACK OF A CENTRALIZED PRICING SOURCE AND THE OPAQUE NATURE OF THE VIRTUAL CURRENCY MARKET, THERE CURRENTLY IS NO SOUND OR ACCEPTABLE PRACTICE FOR NFA TO ADEQUATELY VERIFY THE OWNERSHIP AND CONTROL OF A VIRTUAL CURRENCY OR THE VALUATION ATTRIBUTED TO A VIRTUAL CURRENCY BY VEARA.

    Each Fund is available to Qualified Purchasers Only. Prospective investors should carefully review the respective Private Placement Memorandum (“PPM”) before investing. There is no guarantee either Fund will achieve its investment objectives, and investors may lose all or a substantial portion of their investment. Past performance is not indicative of future results.

    Both Funds pursue speculative investment strategies and involve significant risks. Individual investor performance may vary materially due to factors such as investment timing, new issue participation, expense structures, and the impact of loss carryforwards. Investor performance will be reflected in monthly statements provided by the Administrator.

    The VanEck PurposeBuilt Fund seeks capital appreciation through investments in Digital Assets, tokenized real world assets (“RWAs”), Digital Asset projects, and companies associated with the Avalanche ecosystem. Investments include equity, equity-like, and debt instruments of early-stage blockchain and Digital Asset companies. The Fund may employ staking, yield-farming, and investments across centralized and decentralized platforms.

    The VanEck Digital Assets Alpha Fund seeks capital appreciation by investing in 5 to 30 Digital Assets with high perceived upside relative to current valuations and generally with market capitalizations above $100 million. It also invests in public and private securities of Digital Asset companies. The Fund intends to generate yield through staking and DeFi-based lending, maintaining a general allocation of 70–90% in Digital Assets with the remainder focused on yield-generating strategies.

    VanEck Purpose Build Fund and VanEck Digital Assets Alpha Fund: Investments may include a wide variety of digital instruments and structures, including cryptocurrencies, stablecoins, NFTs, tokens, RWAs, DeFi protocols, DAOs, ICOs, SAFTs, SAFEs, token warrants, and synthetic assets. These technologies are new, may be untested, and are subject to competitive pressures, adoption challenges, and technological obsolescence.

    General Digital Asset Risk Disclosures

    Cryptocurrencies and digital assets are not suitable for all investors. Investments in digital assets and Web3 companies are highly speculative and involve a high degree of risk. These risks include, but are not limited to: the technology is new and many of its uses may be untested; intense competition; slow adoption rates and the potential for product obsolescence; volatility and limited liquidity, including but not limited to, inability to liquidate a position; loss or destruction of key(s) to access accounts or the blockchain; reliance on digital wallets; reliance on unregulated markets and exchanges; reliance on the internet; cybersecurity risks; and the lack of regulation and the potential for new laws and regulation that may be difficult to predict. Moreover, the extent to which Web3 companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets. 

    Digital asset prices are highly volatile, and the value of digital assets, and Web3 companies, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment. 

    Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SPIC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing. 

    Digital assets include, but are not limited to, cryptocurrencies, tokens, NFTs, assets stored or created using blockchain technology, and other Web3 products. 

    Web3 companies include but are not limited to, companies that involve the development, innovation, and/or utilization of blockchain, digital assets, or crypto technologies. 

    This communication is for informational purposes only and does not constitute financial, tax, or legal advice, nor a recommendation to buy or sell any cryptocurrency or fund interest.

    ©️ Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation
    666 Third Avenue, New York, NY 10017
    Phone: 800.826.2333
    Email: info@vaneck.com

    Media Contact

    Kayla Gill
    Serotonin
    kayla@serotonin.co

    The MIL Network –

  • MIL-OSI: Radware Recognized as a Leader and Fast Mover in the GigaOm Radar for Application and API Security

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J., May 21, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it was named a Leader and Fast Mover in the GigaOm Radar for Application and API Security. The Radar examines 16 of the top application and API security solutions to help organizations make more informed investment decisions.

    The Radar recognized Radware’s vulnerability detection, account takeover protection, and bot management as core areas of strength. Highlights from the report include:

    • “Radware’s comprehensive coverage of OWASP Top 10 web application security risks and Top 10 API security vulnerabilities, coupled with real-time adaption capabilities, demonstrates a cutting-edge approach to AI-enhanced vulnerability detection that goes beyond the basics to offer advanced protection and automated response.”​
    • “Radware’s system also includes ML-based anomaly detection that can identify anomalies on targeted endpoints and automatically push real-time signatures to mitigate attacks, demonstrating a proactive and adaptive approach to account take over protection that goes beyond standard measures.”​
    • “Radware earned a strong score due to a multilayered strategy that includes preemptive protection to block unwanted IPs and identities, AI-powered behavioral-based detection that catches threats others might miss, and advanced mitigation offering a wide range of granular and accurate options.”​

    “Organizations are increasingly relying on web applications and APIs to operate their businesses, generate revenue, and engage customers, which is why keeping them secure has become so important—and more difficult,” said Connie Stack, Radware’s chief growth officer. “Our advanced AI and machine learning technologies offer customers real-time, state-of-the-art protection across an attack surface and threat landscape that is constantly evolving. We are honored to be recognized among the market’s leading providers of application and API security solutions by GigaOm.”

    Radware’s complete Cloud Application Protection Service includes bot detection and management, API protection, a web application firewall (WAF), client-side protection, and application-layer DDoS protection. Combining end-to-end automation, behavioral-based detection, and 24/7 managed services, the solution is designed to offer organizations the highest level of application protection with the lowest level of false positives. 

    Radware has also received awards and recognitions for its application and network security solutions from other industry analysts, including Aite-Novarica Group, Forrester, Gartner, KuppingerCole, and QKS Group.

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

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

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

    THIS PRESS RELEASE AND THE GIGAOM RADAR FOR APPLICATION AND API SECURITY ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE’S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.

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

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

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

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

    The MIL Network –

  • MIL-Evening Report: Gordon Campbell: NZ’s silence over Gaza genocide, ethnic cleansing

    COMMENTARY: By Gordon Campbell

    Since last Thursday, intensified Israeli air strikes on Gaza have killed more than 500 Palestinians, and a prolonged Israeli aid blockade has led to widespread starvation among the territory’s two million residents.

    Belatedly, Israel is letting in a token amount of food aid that UN Under-Secretary Tom Fletcher has called a “a drop in the ocean”.

    Meanwhile, the IDF is intensifying its air and ground attacks on the civilian population and on the few remaining health services. Al Jazeera is also reporting that the IDF has issued “a forward displacement order” for the entirety of Khan Younis, the second largest city in Gaza.

    The escalation of the Israeli onslaught has been condemned by UN human rights chief Volker Türk, who has likened the IDF campaign as an exercise in ethnic cleansing:

    “This latest barrage of bombs … and the denial of humanitarian assistance underline that there appears to be a push for a permanent demographic shift in Gaza that is in defiance of international law and is tantamount to ethnic cleansing,” he said.

    If the West so wished, it could be putting more economic pressure on Israel to cease committing its litany of atrocities. Israel’s use of starvation as a weapon of war has been sparking mass demonstrations across Europe.

    In the Netherlands at the weekend, a massive demonstration culminated in calls for the Netherlands government to formally ask the EU to suspend its free trade agreement with Israel.

    Until now, the world’s relative indifference to the genocide in Gaza has been mirrored by Palestine’s Arab neighbours. As Gaza burned yet again, Saudi Arabia and the Emirates were lavishly entertaining US President Donald Trump — Israel’s chief enabler — and showering him with gifts.

    In the wake of these meetings, Trump and his hosts have signed arms deals and AI technology transfers that reportedly contain no guard rails to prevent these AI advances being passed on to China.

    In addition, Qatar has bought $96 billion worth of Boeing aircraft. Reportedly, this purchase has huge potential implications for the airline industry in our part of the world.

    In all, economic joint ventures worth hundreds of billions of dollars were signed and sealed last week between the US and the Middle East region, despite the misery being inflicted right next door.

    Footnote: Directly and indirectly, Big Tech firms such as Microsoft and Intel continue to enable and enhance the IDF war machine’s actions in Gaza. This is an extension of the long time support given to Israel by Silicon Valley firms via the supply of digital infrastructure, advanced chips, software and cloud computing facilities.

    Yesterday, several Microsoft staff had the courage to interrupt a speech by their CEO to protest about how the company’s Azure cloud computing platform was being used to enable Israeli war crimes in Gaza.

    The extinction of hope
    As the Ha’aretz newspaper reported this week, “The three pillars of hope for the Palestinians have collapsed: armed struggle has lost legitimacy, state negotiations have stalled, and faith in the international community has faded. Now, they face one question: ‘Where do we go from here?’

    As Ha’aretz concluded, the Palestinians seem to have vanished into a diplomatic Bermuda Triangle. What would it take, one wonders, for the New Zealand government — and Foreign Minister Winston Peters — to wake up from their moral slumber?

    Whenever the Luxon government does talk about this conflict, it still calls for a “two state solution” even though, as a leading Israeli journalist Gideon Levy says, this ceased to be a viable option more than 25 years ago.

    “We crossed the point of no return a long time ago. We crossed the point at which there was any room for a Palestinian state, with 700,000 settlers who will not be evacuated, because nobody will have the political power to do so. The West Bank is practically annexed for many, many years . . . Nobody can take this discourse seriously anymore. But, you know, those who want to believe in it, believe in it.”

    Conveniently, the two state waffle does provide Peters and Luxon with cover for their reluctance to — for example — call in, or expel the Israeli ambassador. Or impose a symbolic trade boycott. Or impose targeted sanctions on the extremists within the Netanyahu Cabinet who are driving Israeli policy.

    Instead of those options, the “negotiated two state” fantasy has been encouraged to take on a life of its own. Yet do we really think that Israel would entertain for a moment the expulsion of the hundreds of thousands of Jewish settlers illegally occupying the land on the West Bank required for a viable Palestinian state?

    The Netanyahu government has long had plans to double that number, with the settler influx growing at a reported rate of about 12,000 a year.

    The backlash
     Israel’s use of starvation as a weapon is finally creating a backlash, in Europe at least. The public outrage being expressed in demonstrations in the UK, France and Germany finally seems to be making some governments feel a need to be seen to be doing more.

    Not before time. At the drop of a hat, Western nations — New Zealand included — will bang on endlessly about the importance of upholding the norms of international law. So you have to ask . . . why have we/they chosen to remain all but mute about the repeated violations of human rights law and the Geneva Conventions being carried out by the IDF in Gaza on a daily basis?

    “In [Khan Younis’] Nasser Hospital, Safaa Al-Najjar, her face stained with blood, wept as the shroud-wrapped bodies of two of her children were brought to her: [18 month old] Motaz Al-Bayyok and [six weeks old] Moaz Al-Bayyok.

    “The family was caught in the overnight airstrikes. All five of Al-Najjar’s other children, ranging in ages from 3 to 12, were injured, while her husband was in intensive care. One of her sons, 11-year-old Yusuf, his head heavily bandaged, screamed in grief as the shroud of his younger sibling was parted to show his face.

    Ultimately, Israel’s moral decline will be for its own citizens to reckon with, in future. For now, New Zealand is standing around watching in silence, while a blood-soaked campaign of ethnic cleansing unmatched in recent history is being carried out.

    Republished with permission from Gordon Campbell’s column in partnership with Scoop.

    Article by AsiaPacificReport.nz

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: CMA letter to Barclays about breaching Part 5 of the Retail Banking Order (notified in October 2024)

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    CMA letter to Barclays about breaching Part 5 of the Retail Banking Order (notified in October 2024)

    Letter to Barclays Bank UK plc, after the Competition and Markets Authority found it breached Part 5 (Payment Transactions Histories) of the Retail Banking Market Investigation Order 2017.

    Documents

    CMA letter to Barclays about breaching Part 5 of the Retail Banking Order

    PDF, 123 KB, 3 pages

    Details

    Part 5 of the Retail Banking Market Investigation Order 2017 requires banks and building societies to send Payment Transaction Histories to any personal current account customer who closes their account (unless an exemption applies).

    Barclays failed to provide around 700,000 former account holders with their Payment Transaction Histories across 4 separate breaches. The longest of these failures lasted 6 years and is still ongoing.

    This letter sets out our concerns and what Barclays did to put things right.

    Updates to this page

    Published 21 May 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Finance minister Heinen: Sound figures should be viewed with caution given international situation

    Source: Government of the Netherlands
    Accountability Day and 2024 Central Government Annual Financial Report The Netherlands’ public finances are strong. Despite a slight contraction in the first quarter, the Dutch economy grew by 1.0% in 2024. Growth was stronger than expected, which had a positive impact on public finances. The budget deficit for 2024 was 0.9% of gross domestic product (GDP). These conclusions can be found in the Central Government Annual Financial Report for 2024, the year in which the Schoof government took office at the beginning of the summer.

    MIL OSI Europe News –

  • MIL-OSI China: Chinese FM meets chairman of Indonesia’s National Economic Council

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

    BEIJING, May 20 — Chinese Foreign Minister Wang Yi met with Luhut Binsar Pandjaitan, chairman of Indonesia’s National Economic Council, in Beijing on Tuesday.

    Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that this year marks the 75th anniversary of the establishment of diplomatic relations between the two countries.

    Wang said that China stands ready to work with Indonesia to deepen political mutual trust, advance high-quality development of landmark projects such as the Jakarta-Bandung High-Speed Railway (HSR) and the Regional Comprehensive Economic Corridor, strengthen cooperation in various fields such as ocean and minerals, and explore the potential for cooperation in emerging fields.

    Wang said that the world is currently facing the impact of unilateralism and trade bullying practices that harm the interests of various countries. China and Indonesia should maintain independence, expand mutually beneficial cooperation, and safeguard fairness and justice, he added.

    China congratulates Indonesia on becoming a full member of BRICS and is ready to jointly advocate the Bandung Spirit with Indonesia, Wang said, adding that China is willing to advance regional economic integration, resist unilateralism and anti-globalization trends with Indonesia, jointly build a shared Asia-Pacific homeland, and contribute to building a community with a shared future for humanity.

    Luhut said that the Indonesia-China friendship remains solid. Noting Indonesia’s economic development is inseparable from mutually beneficial cooperation with China, he said that bilateral cooperation in trade, finance, technology transfer and talent cultivation is fruitful, and landmark projects such as the HSR have benefited both peoples, radiating positive impacts across neighboring countries.

    Indonesia looks forward to enhancing exchanges at all levels with China, expanding cooperation areas, enhancing cultural and people-to-people exchanges, pushing for greater development of the Indonesia-China community with a shared future, and jointly promoting solidarity and cooperation among the Global South, said Luhut.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau

    Source: Republic of China Taiwan

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

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

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

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

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    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

    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 –

  • 16th census confirms 891 Asiatic lions across 11 districts of Gujarat

    Source: Government of India

    Source: Government of India (4)

    Gujarat has completed its 16th lion population census, with Chief Minister Bhupendra Patel announcing the results on Wednesday.

    The latest count reveals the presence of 891 lions, a remarkable figure that underscores the state’s success in wildlife conservation, particularly through efforts like Project Lion.

    Spanning a vast 35,000 sq km area across 58 talukas in 11 districts, the four-day census held from May 10 to 13 saw the participation of 3,254 personnel.

    The meticulous operation was conducted in two phases — an initial “direct beat verification” phase on May 10 and 11, followed by the final enumeration on May 12 and 13.

    The comprehensive survey covered districts including Junagadh, Gir Somnath, Amreli, Bhavnagar, Rajkot, Morbi, Surendranagar, Devbhumi Dwarka, Jamnagar, Porbandar, and Botad.

    Teams worked around the clock in forests, coastal belts, grasslands, and revenue areas to document lion movements and habitat patterns.

    Unlike their African cousins, Asiatic lions were once found from the Middle East to India — but by the early 20th century, they had almost vanished due to hunting and habitat loss.

    Today, they survive only in and around the Gir forest.

    Chief Minister Patel, while presenting the data in Gandhinagar, highlighted the growing population of the Asiatic lion as a testament to Gujarat’s sustained conservation strategy.

    “This milestone reflects the tireless dedication of our forest department and the success of government-backed programs like Project Lion,” he said.

    The Project Lion initiative, launched to bolster habitat management, wildlife health monitoring, and community involvement, has been central to the steady rise in lion numbers over the years.

    While detailed demographic breakdowns are still being compiled, preliminary figures note the presence of 196 adult males, with the remaining numbers including females, cubs, and sub-adults.

    The lion population, once limited largely to the Gir National Park, is now increasingly spreading to newer areas — a sign of improved habitat connectivity and stability.

    (IANS)

  • MIL-OSI United Kingdom: Bank holiday arrangements for Monday 26 May

    Source: Northern Ireland City of Armagh

    Please see below the bank holiday arrangements for council services and facilities on Monday 26 May.

    Bin Collections
     Bins will be collected as normal on this date. Please remember to leave your bins out by 7am at your normal collection point. Download the ABC Council app to check which bins are scheduled to be collected in your area.

    Recycling Centres
     Recycling centres will be closed.

    Council Offices
     Council offices will be closed.

    Leisure Facilities
     There may be changes to the normal opening hours of indoor and outdoor leisure facilities across the borough. View the opening hours for all facilities here: https://bit.ly/3YOHKha

    Visitor Facilities
     Open: F.E. McWilliam Gallery & Armagh County Museum
    Closed: The Market Place Theatre & Navan Centre

    MIL OSI United Kingdom –