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Category: Trade

  • MIL-OSI Asia-Pac: President Lai meets Arizona Governor Katie Hobbs  

    Source: Republic of China Taiwan

    Details
    2025-03-18
    President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis
    On the afternoon of March 18, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Denzil Douglas of the Federation of Saint Christopher and Nevis. In remarks, President Lai thanked St. Kitts and Nevis for speaking up for Taiwan at major international venues and supporting Taiwan’s international participation. The president expressed hope that our two countries continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability, and create even greater well-being for our peoples. A translation of President Lai’s remarks follows: I welcome Minister Douglas and our esteemed guests to Taiwan. Last June, Minister Douglas accompanied Prime Minister Terrance Drew and his wife on their trip to Taiwan. I am delighted to be able to meet and exchange views with Minister Douglas again less than one year later. Your presence fully demonstrates the profound bond between Taiwan and St. Kitts and Nevis. I look forward to the further deepening of our partnership through our exchanges during this visit. Although our two nations are separated by a great distance, we share such universal values as democracy, freedom, and respect for human rights. We also continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability. Given that Prime Minister Drew, Minister Douglas, and I all share medical backgrounds, we deeply understand the importance of people’s health. I thus look forward to St. Kitts and Nevis’s climate-smart JNF General Hospital commencing operations as soon as possible thanks to our cooperation. The provision of even higher-quality public health and medical services will yield benefits for many more people. I also believe that by having Taiwan share its experiences in renewable energy and energy-saving technologies, our two countries will jointly drive green industrial transformation and stimulate sustainable development together. I would like to take this opportunity to thank St. Kitts and Nevis for actively speaking up for Taiwan and supporting Taiwan’s participation at such major international venues and organizations as the United Nations General Assembly, the World Health Organization, and the International Civil Aviation Organization. In the future, Taiwan will continue to make critical contributions to the international community. With the support of Minister Douglas and our guests, I look forward to our two countries backing each other on the global stage and continuing to build an even stronger foundation for bilateral cooperation. Let us work together to address the various challenges we face and create even greater well-being for our peoples. Minister Douglas then delivered remarks, first conveying greetings from Prime Minister Drew to President Lai, the government, and the people of Taiwan. He then stated that over the last 41 years since the dawn of their nationhood, the Republic of China Taiwan has steadfastly walked beside St. Kitts and Nevis as a strong and immovable partner. As we reflect on four decades of our journey together, he said, we recognize the unswerving and unwavering spirit that has guided both our nations through trials and challenges. The minister then acknowledged the generous support of Taiwan’s government that has helped St. Kitts and Nevis in its own economic and social development. He went on to say that Taiwan’s partnership with St. Kitts and Nevis has been instrumental in helping them achieve the goals of their sustainable island state agenda. Whether in enhancing food security through the diversification of their agricultural sector, fostering clean energy solutions through the solar PV farm, or advancing healthcare through assistance in building their smart hospital, he said, Taiwan has been a steadfast partner in shaping a much more resilient and sustainable future for the people of their federation. In the spirit of reciprocity and solidarity, Minister Douglas said, St. Kitts and Nevis continues to leverage opportunities on the global stage to request incessantly that Taiwan be given its rightful place in international organizations, where it can make a meaningful contribution to resolving the world’s most critical issues. Minister Douglas indicated that the global challenges we face today demand collective action, and that Taiwan has the innovation, the technology, the knowledge, and the expertise to make a tremendous positive impact on some of the world’s most urgent issues. He said that St. Kitts and Nevis will never grow weary in their own support, but shall continue to sound the clarion call of “let Taiwan in,” as well as advocate for peace to be maintained in the Taiwan Strait. To close, Minister Douglas expressed gratitude for the warm hospitality bestowed upon him and his delegation by Taiwan’s government, remarking that the engagements they had thus far were pregnant with promise, and that they are confident in witnessing a fruitful outcome as we work together to build a prosperous and sustainable future for our peoples. The delegation also included Permanent Secretary in the Ministry of Foreign Affairs Kaye Bass, Permanent Secretary of Economic Development and Investment Adina Richards, and Director in the Ministry of International Trade Sean Lawrence. The delegation was accompanied to the Presidential Office by St. Kitts and Nevis Ambassador Donya L. Francis.

    Details
    2025-03-18
    President Lai meets 2025 Yushan Forum participants
    On the afternoon of March 18, President Lai Ching-te met with participants in the 2025 Yushan Forum. In remarks, President Lai thanked the guests for gathering here in Taiwan and discussing ways to enhance regional cooperation, demonstrating that our democratic allies and friends are standing together as we take on the challenges of a new world and a new era. The president reiterated that Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. He stated that Taiwan will continue to work with international partners to deepen cooperation, exchanges, and partnership in various domains and resist the expansion of authoritarianism. Together, the president emphasized, we can pursue regional peace and security and realize a new vision for a free and open, stable and prosperous Indo-Pacific. A translation of President Lai’s remarks follows: I would like to begin by thanking Anders Fogh Rasmussen, former prime minister of Denmark and chairman of the Alliance of Democracies Foundation, for inviting then-President Tsai Ing-wen to address the Copenhagen Democracy Summit via video over five consecutive years since 2020, and for inviting myself to give remarks via video last year. Those opportunities allowed Taiwan to share with the world our motivation for, and our work toward, safeguarding freedom and democracy. I would also like to thank Mr. Janez Janša, former prime minister of the Republic of Slovenia, who has visited Taiwan many times already, for actively elevating the cordial ties between Taiwan and Slovenia during his term as prime minister, helping expand friendship for Taiwan throughout Europe. Today’s guests have traveled a long way to show their strong backing for Taiwan. For this, I express my deepest gratitude. Yesterday was my first time attending the Yushan Forum as president. I saw political leaders and representatives gather here in Taiwan and discuss ways to enhance regional cooperation. The event demonstrated that our democratic allies and friends are standing together as we take on the challenges of a new world and a new era. It was truly moving. As I stated at the opening ceremony, Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. Our government will help guide Taiwanese small- and medium-sized enterprises as they expand into the international market and extend Taiwan’s economic power. I hope that during this visit, our guests will be able to explore more opportunities for cooperation in such fields as AI, smart healthcare, and advanced technologies, and join hands in contributing to the prosperity and development of our democratic allies and friends. Taiwan will continue to work with international partners, building upon the shared values of freedom and democracy, to deepen cooperation, exchanges, and partnership in various domains and resist the expansion of authoritarianism. Together, we can pursue regional peace and security and realize a new vision for a free and open, stable and prosperous Indo-Pacific. And I hope, with the assistance of our guests here today, that we can further strengthen the ties between Taiwan and Europe so that we can all take up the work of maintaining global peace and stability. Once again, I welcome our guests to Taiwan. I look forward to hearing your thoughts in a few moments. I also hope you will visit Taiwan often in the future and continue to experience our vibrant democratic society and culture. Chairman Rasmussen then delivered remarks, saying that it is a great pleasure to be back here in Taipei after meeting with President Lai in 2023. He then thanked President Lai for the Taiwanese hospitality on behalf of the Yushan Forum international visitors and participants, who represent four continents and very different political parties but who are united by one thing – the commitment to democracy. Chairman Rasmussen mentioned that over the past few days, they have met with members of the government, legislature, and civil society in Taiwan. He said that he is more convinced than ever that in a very uncertain world, Taiwan continues to stand as a beacon of democracy, from which people in Europe and in the rest of the world have a lot to learn. Over the past eight years, he has been proud to step up his engagement with Taiwan, he said, as he has always subscribed to the view that freedom must advance everywhere, or else it is in decline everywhere. Chairman Rasmussen noted that they have many interests in making sure Taiwan remains free and that we must always stand up for freedom when it is under assault by a dictator. This is why Ukraine’s fight is also everyone’s fight, he explained. He then praised Taiwan for all of the support it has given to Ukraine since Russia’s invasion and honored the two Taiwanese volunteer soldiers who gave their lives for freedom in Ukraine. Chairman Rasmussen remarked that Taiwan is a strong feature of the Copenhagen Democracy Summit that he convenes each year. His foundation, the Alliance of Democracies, has even been sanctioned by the Chinese government due to its support of Taiwan, he said, which is something he takes as a badge of honor. He added that this year’s Copenhagen Democracy Summit in May will be no different, as they plan to focus on the new world order, urgent measures to strengthen Europe’s military, and the situation in Ukraine. But as the United States pulls back from the transatlantic alliance and Europe focuses more on its own defense, he said, Europe should not retreat from the world. He added that to ensure European security, we need more Europe in the Indo-Pacific, and that is why he has been making the argument for more political and economic cooperation with Taiwan. Chairman Rasmussen praised President Lai’s recent decision to increase Taiwan’s national defense budget to more than 3 percent of GDP, adding that it is important that each nation does what it can for its own defense. The chairman once again thanked President Lai for meeting with them today and for the opportunity to visit Taiwan, a beacon of democracy and liberty in Asia. Also in attendance at the meeting were Chairman of the Czech Senate Committee on Foreign Affairs, Defence and Security Pavel Fischer; Member of the National Security Advisory Board to India’s National Security Council Anshuman Tripathi; former Minister of Foreign Affairs of Poland Anna Fotyga; former Minister of Health of Canada Tony Clement; and former Vice-Minister of Foreign Affairs of the Republic of Lithuania and current Secretary General of the Polish-based Community of Democracies Mantas Adomėnas.

    Details
    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

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

    MIL OSI Asia Pacific News –

    March 19, 2025
  • MIL-OSI: Virtune AB (Publ) launches Virtune Chainlink ETP on Nasdaq Helsinki

    Source: GlobeNewswire (MIL-OSI)

    Helsinki, March 19th, 2025 – Virtune, a Swedish regulated digital asset manager and issuer of crypto exchange-traded products, today announced the listing of Virtune Chainlink ETP on Nasdaq Helsinki.

    Virtune recently introduced the first seven crypto ETPs in Finland on Nasdaq Helsinki, receiving a strong reception in the Finnish market. The previously listed products include Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune XRP ETP, Virtune Crypto Altcoin Index ETP, Virtune Staked Cardano ETP and Virtune Avalanche ETP. To meet the growing demand from Finnish investors, Virtune has now expanded its offering with an additional crypto ETP on Nasdaq Helsinki.

    About Virtune Chainlink ETP
    Virtune Chainlink ETP provides exposure to Chainlink. Like all of Virtune’s exchange-traded products, Virtune Chainlink ETP is 100% physically backed and fully collateralized, denominated in EUR for the Finnish investors, and available through brokers and banks such as Nordnet.

    Key Information about Virtune Chainlink ETP and what it offers to investors :

    • 1:1 exposure to Chainlink 
    • 100% physically backed by LINK
    • 1.49% annual management fee

    Virtune Chainlink ETP

    • Full name: Virtune Chainlink ETP 
    • Short name: Virtune Chainlink
    • Nasdaq Helsinki Ticker: VIRLINKE
    • Trading currency: EUR
      First day of trading: Wednesday 19th of March 2025
    • ISIN: SE0021149259
    • Stock exchange: Nasdaq Helsinki and Nasdaq Stockholm 

    Christopher Kock, CEO of Virtune: 

    “After witnessing the strong interest from the Finnish audience in our crypto ETPs during the first months since our initial listings on Nasdaq Helsinki, we have also seen significant investor demand for Chainlink through our ETP since its listing on Nasdaq Stockholm in November 2023. As a natural next step, we are excited to continue our expansion in Finland by introducing Virtune Chainlink ETP on Nasdaq Helsinki.”

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 3 April 2025 – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTIONS 9(3)-(5) AND SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Publication of supplement concerning extension of offer period for Nykredit’s recommended, voluntary public tender offer for Spar Nord Bank A/S until 3 April 2025

    19 March 2025

    Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 3 April 2025

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order. In the Offer Document, the offer period was set to expire on 19 February 2025 at 23:59 (CET) (the “Initial Offer Period”). On 18 February 2025, Nykredit published a supplement to the Offer Document, which extended the offer period to 20 March 2025. The background for the extension was to provide Nykredit with more time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer.

    Today, Nykredit published a supplement (the “Supplement”) to the Offer Document, which further extends the offer period for the Offer. The Supplement has been approved by the Danish FSA on 19 March 2025 in accordance with section 9(3)-(5) of the Danish Takeover Order. The Supplement should be read in conjunction with the Offer Document and the previous supplement as published on 18 February 2025.

    With this Supplement, Nykredit further extends the offer period, such that the Offer will expire on 3 April 2025 at 23:59 (CEST). Subsequently, any reference to the “Offer Period” in the Offer Document or other documents relating to the Offer will refer to the period commencing on the day of publication of the Offer Document on 8 January 2025 and ending on 3 April 2025 at 23:59 (CEST) (the “Extended Offer Period”).

    The purpose of the extension is to provide Nykredit with time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer.

    If the approval from the Danish Competition and Consumer Authority has not been granted by the expiry of the Extended Offer Period, Nykredit expects to extend the offer period further.

    The extension of the offer period entails that the expected completion of the Offer and settlement of the offer price to the Spar Nord Bank shareholders who have accepted the Offer will be extended correspondingly. Completion is subsequently expected to take place on 11 April 2025 (provided that the offer period is not extended further than to 3 April 2025 23:59 (CEST)).

    At the time of this announcement, Nykredit holds 32.79 per cent of the shares in Spar Nord Bank. A preliminary compilation of the acceptances that Nykredit has information about shows that, including the irrevocable undertakings, acceptances corresponding to more than 46 per cent of the share capital of Spar Nord Bank has been submitted, and that Nykredit’s ownership interest in Spar Nord Bank, together with the irrevocable undertakings and the binding acceptances submitted that Nykredit has information about, totals more than 80 per cent of the total share capital (excluding treasury shares) of Spar Nord Bank, indicating that the 67 per cent acceptance limit stated in the Offer has been reached. The final result of the Offer will be determined on expiry of the offer period and published in accordance with section 21(3) of the Danish Takeover Order.

    Nykredit intends to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders, provided that Nykredit has obtained the necessary ownership interest, and the Offer has been completed. Spar Nord Bank shareholders who have opted not to accept the Offer, should expect that Nykredit, provided that the Offer is completed, will take steps to combine Nykredit Bank A/S and Spar Nord Bank, which will result in a further increase in Nykredit’s ownership interest in Spar Nord Bank. Not later than in continuation of the combination, Nykredit thus expects to hold a sufficient ownership interest to be able to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders.

    The full terms and conditions of the Offer are contained in the Offer Document as amended by the Supplement. The Offer Document and the Supplement are published in the Danish FSA’s OAM database: https://oam.finanstilsynet.dk/ and can also, with certain restrictions, be accessed at https://www.nykredit.com/kobstilbud-spar-nord/ and https://www.sparnord.dk/investor-relations/overtagelsestilbud.

    About Spar Nord Bank

    Spar Nord Bank was founded in 1824 and is now a nationwide bank with 58 branches. Spar Nord Bank offers all types of financial services, consultancy and products, focusing its business on retail customers and primarily small and medium-sized enterprises (SMEs) in the local areas in which the bank is represented. The bank is also focused on leasing operations and large corporate customers, which are both business areas handled by the head offices.

    Spar Nord Bank has historically been rooted in northern Jutland and continues to be a market leader in this region. However, in the period from 2002 to 2024, Spar Nord Bank has established and acquired branches outside northern Jutland. Over the course of the years, the bank has adjusted its branch network in an ongoing process and now has a nationwide distribution network comprising 58 branches. These 58 branches are distributed on 32 banking areas, each of which is headed by a manager reporting directly to the bank’s executive board.

    The Spar Nord Bank Group consists of two earnings entities: Spar Nord Bank’s branches and the Trading Division. As an entity, the Trading Division serves customers from Spar Nord Bank’s branches as well as large retail customers and institutional clients in the field of equities, bonds, fixed income and forex products, asset management and international transactions. Finally, under the concept Sparxpres, the bank offers consumer loans to personal customers through Sparxpres’ platform as well as debt consolidation loans and consumer financing via retail stores and gift voucher solutions via shopping centres and city associations.

    About Nykredit

    Nykredit Realkredit A/S (“Nykredit”) is a public limited company incorporated under the laws of Denmark, company reg. (CVR) no. 12 71 92 80, having its registered office at Sundkrogsgade 25, 2150 Nordhavn, Denmark. Nykredit is a mortgage credit institution and, together with its wholly-owned subsidiary Totalkredit A/S, is a market leader of the Danish mortgage credit market with a market share of some 45.2 per cent. Nykredit offers mortgage financing for private individuals and businesses.

    Nykredit is part of the Nykredit Group, which historically dates back to 1851. In addition to carrying on mortgage credit business, the Group carries on banking business through Nykredit Bank – including banking and wealth management operations – and has a total of around 4,000 employees in Denmark.

    Nykredit is owned by an association of the Nykredit Group’s customers, Forenet Kredit. Forenet Kredit owns close to 80 per cent of Nykredit’s shares. Other major shareholders are five Danish pension funds: Akademikernes Pension AP Pension, PensionDanmark, PFA and PKA.

    Nykredit is known for the advantages offered through the association. Forenet Kredit makes capital contributions to the Nykredit Group when times are good, and Nykredit has decided to pass these on to its customers.

    Since, 2017, Forenet Kredit has paid over DKK 8 billion in capital contributions to the Nykredit Group, and in the period to 2027, Forenet Kredit has provided a further DKK 7 billion.

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/kobstilbud-spar-nord/.

    This announcement and the Offer Document (with supplements) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with supplements) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Supplement, the Offer Document or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction, including securities laws. It is the responsibility of all Persons obtaining this announcement, the Supplement, the Offer Document, earlier supplements, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Supplement or the Offer Document to shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.


    1 Executive Order no. 636 of 15 May 2020

    Attachments

    • Announcement of extension of the offer period 19.03.2025
    • Supplement to the offer document 19.03.2025

    The MIL Network –

    March 19, 2025
  • MIL-OSI Asia-Pac: President Lai meets 2025 Yushan Forum participants

    Source: Republic of China Taiwan

    Details
    2025-03-18
    President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis
    On the afternoon of March 18, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Denzil Douglas of the Federation of Saint Christopher and Nevis. In remarks, President Lai thanked St. Kitts and Nevis for speaking up for Taiwan at major international venues and supporting Taiwan’s international participation. The president expressed hope that our two countries continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability, and create even greater well-being for our peoples. A translation of President Lai’s remarks follows: I welcome Minister Douglas and our esteemed guests to Taiwan. Last June, Minister Douglas accompanied Prime Minister Terrance Drew and his wife on their trip to Taiwan. I am delighted to be able to meet and exchange views with Minister Douglas again less than one year later. Your presence fully demonstrates the profound bond between Taiwan and St. Kitts and Nevis. I look forward to the further deepening of our partnership through our exchanges during this visit. Although our two nations are separated by a great distance, we share such universal values as democracy, freedom, and respect for human rights. We also continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability. Given that Prime Minister Drew, Minister Douglas, and I all share medical backgrounds, we deeply understand the importance of people’s health. I thus look forward to St. Kitts and Nevis’s climate-smart JNF General Hospital commencing operations as soon as possible thanks to our cooperation. The provision of even higher-quality public health and medical services will yield benefits for many more people. I also believe that by having Taiwan share its experiences in renewable energy and energy-saving technologies, our two countries will jointly drive green industrial transformation and stimulate sustainable development together. I would like to take this opportunity to thank St. Kitts and Nevis for actively speaking up for Taiwan and supporting Taiwan’s participation at such major international venues and organizations as the United Nations General Assembly, the World Health Organization, and the International Civil Aviation Organization. In the future, Taiwan will continue to make critical contributions to the international community. With the support of Minister Douglas and our guests, I look forward to our two countries backing each other on the global stage and continuing to build an even stronger foundation for bilateral cooperation. Let us work together to address the various challenges we face and create even greater well-being for our peoples. Minister Douglas then delivered remarks, first conveying greetings from Prime Minister Drew to President Lai, the government, and the people of Taiwan. He then stated that over the last 41 years since the dawn of their nationhood, the Republic of China Taiwan has steadfastly walked beside St. Kitts and Nevis as a strong and immovable partner. As we reflect on four decades of our journey together, he said, we recognize the unswerving and unwavering spirit that has guided both our nations through trials and challenges. The minister then acknowledged the generous support of Taiwan’s government that has helped St. Kitts and Nevis in its own economic and social development. He went on to say that Taiwan’s partnership with St. Kitts and Nevis has been instrumental in helping them achieve the goals of their sustainable island state agenda. Whether in enhancing food security through the diversification of their agricultural sector, fostering clean energy solutions through the solar PV farm, or advancing healthcare through assistance in building their smart hospital, he said, Taiwan has been a steadfast partner in shaping a much more resilient and sustainable future for the people of their federation. In the spirit of reciprocity and solidarity, Minister Douglas said, St. Kitts and Nevis continues to leverage opportunities on the global stage to request incessantly that Taiwan be given its rightful place in international organizations, where it can make a meaningful contribution to resolving the world’s most critical issues. Minister Douglas indicated that the global challenges we face today demand collective action, and that Taiwan has the innovation, the technology, the knowledge, and the expertise to make a tremendous positive impact on some of the world’s most urgent issues. He said that St. Kitts and Nevis will never grow weary in their own support, but shall continue to sound the clarion call of “let Taiwan in,” as well as advocate for peace to be maintained in the Taiwan Strait. To close, Minister Douglas expressed gratitude for the warm hospitality bestowed upon him and his delegation by Taiwan’s government, remarking that the engagements they had thus far were pregnant with promise, and that they are confident in witnessing a fruitful outcome as we work together to build a prosperous and sustainable future for our peoples. The delegation also included Permanent Secretary in the Ministry of Foreign Affairs Kaye Bass, Permanent Secretary of Economic Development and Investment Adina Richards, and Director in the Ministry of International Trade Sean Lawrence. The delegation was accompanied to the Presidential Office by St. Kitts and Nevis Ambassador Donya L. Francis.

    Details
    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

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    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

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    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

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

    MIL OSI Asia Pacific News –

    March 19, 2025
  • MIL-OSI: Optimizing Team Structure to Support Strategic Initiatives by ELTFV Exchange

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 19, 2025 (GLOBE NEWSWIRE) — Recently, Alexander Wells, the founder and CEO of ELTFV Exchange, announced on social media that the platform has completed a systematic optimization of its team structure to further enhance operational efficiency. This initiative reflects the keen insight by Alexander into industry trends and his strategic foresight in practice. Under his leadership, the platform has built a professional and experienced international team, which will drive ELTFV to achieve even greater success in the cryptocurrency market.

    As the founder of ELTFV Exchange, Alexander Wells brings over 15 years of experience in traditional finance and the blockchain industry. He previously served as a senior trader at Morgan Stanley, where he led global markets and derivatives trading, gaining extensive hands-on expertise in financial markets.

    In the blockchain sector, Alexander held the role of CEO at Pinnacle Blockchain, where he successfully led the commercialization of several innovative technologies. He also served as a strategic advisor to the fintech company Stellar Edge, helping the enterprise achieve groundbreaking progress in the crypto-asset space. These experiences have earned him a strong reputation in both the financial and technological fields, laying a solid foundation for the ELTFV growth.

    Under the leadership of Alexander Wells, ELTFV Exchange has upgraded its team structure, with the optimization aimed at strengthening core areas such as technology development, product innovation, and risk management. The new technology team of the platform is focused on advancing blockchain infrastructure development and enhancing platform security. ELTFV plans to allocate more resources to developing more efficient and secure trading systems, ensuring the safety of user assets and delivering a seamless trading experience.

    When discussing the future development of ELTFV Exchange, Alexander stated: “The team is the key factor in achieving strategic goals. By optimizing the team structure, the platform can execute its strategy more effectively and continue creating value for users.” His vision is to transform ELTFV into a technology-driven, user-friendly global platform, injecting new vitality into the cryptocurrency industry.

    Media Contact:

    Company: ELTFV Blockchain Service Limited
    Contact Person: Faiz Razak
    Position in the company: Marketing Director
    Email: faiz@eltfv.org  
    Website: https://www.eltfv.org

    Disclaimer: This press release is provided by ELTFV Blockchain Service Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/30165c3d-5b59-4e36-88dd-581dd1bc62bf

    The MIL Network –

    March 19, 2025
  • MIL-OSI USA: Reed Blasts Trump’s Illegal Firing of FTC Commissioners As “Abuse of Power”

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – Today, President Donald Trump fired the two Democratic commissioners on the five-member U.S. Federal Trade Commission (FTC), an independent agency charged with enforcing consumer protection and antitrust laws.  The unlawful move directly contradicts nearly a century of case law that has allowed the FTC to act solely in the public interest and free from short-term political considerations.

    After the firings were reported, U.S. Senator Jack Reed (D-RI), the Ranking Member of the Senate Appropriations Financial Services and General Government (FSGG) Subcommittee, which oversees funding for the FTC, issued the following statement:

    “This is an abuse of power and a blatant attempt to undermine the law and public good in order for Donald Trump to consolidate power for himself and his favored cronies.  It would completely undercut the independence that Congress lawfully bestowed upon the FTC and subject Americans to higher prices, more frequent scams, and will breed unchecked anticompetitive consolidation.  President Trump is flouting the rule of law in favor of the wealthiest Americans, causing economic instability, and putting the welfare of Americans at risk.  If President Trump gets away with this move, there is nothing to stop him from paralyzing the FTC or weaponizing it, depending on who’s in power or what company is at issue.  Removal of these FTC commissioners—solely because they are Democrats and not because they have done anything wrong—follows a pattern of this White House brazenly grabbing political power for itself.  President Trump has also removed Democratic members of other multi-member boards and commissions dedicated to protecting labor rights, enforcing government ethics rules, and preventing violations of civil liberties. President Trump is trying to drag the country down a dead end that endangers citizens and consumers, prevents accountability, emboldens corruption and autocracy, and could bleed taxpayers dry.  He is betting on a complaisant Supreme Court to validate this blatant executive overreach.  I hope the Court has some backbone, asserts itself as a co-equal branch of government, and affirms the 90 years of established legal precedent prohibiting Trump’s actions today.”

    The FTC is an independent agency created by Congress and led by a bipartisan panel of five commissioners – three selected from the president’s party and two from the minority party, and staffed nearly exclusively by nonpartisan experts, lawyers, and non-partisan civil servants who help safeguard the public interest.  FTC employees do the highly complex and technical work that lawmakers do not have the expertise to perform themselves like devising rules, investigating complaints, and penalizing lawbreakers.

    To insulate FTC commissioners from day-to-day political influence, by law they can be removed only for good cause like neglecting their official duties.  But Trump hasn’t provided any reason or cause whatsoever for removing these commissioners.

    FTC commissioners are unlike appointees who run executive departments directly under the president’s control, such as the U.S. Department of the Treasury, which has a single presidential cabinet official leading the department who is confirmed by the Senate and has wide latitude to work directly with the president to determine the direction of the agency.  Notably, FTC commissioners are appointed by the president and confirmed by Congress for lengthy terms at staggered intervals in order to serve across multiple administrations.  That continuity of service provides stability that benefits taxpayers and industry alike.

    The Center for American Progress notes: “Independent agencies exist today, in large part, thanks to the Supreme Court’s foundational opinion in Humphrey’s Executor v. United States in 1935. In that case, President Franklin Roosevelt tried to fire FTC Commissioner William Humphrey because Roosevelt worried that Humphrey would block his policies. The FTC Act, however, only allowed commissioners to be fired for inefficiency, neglect of duty, or wrongdoing while in office (i.e., “for cause”). Congress felt that FTC commissioners needed to be insulated from politics in order to serve the American people. If commissioners were replaced after every presidential election, that would lead to a constant policy back and forth that would ultimately harm American consumers and undermine the agency’s mission.

    “The Supreme Court unanimously ruled that the president does not have unlimited power to fire independent agency heads. According to the court, Congress’ power to insulate independent agency heads from removal “cannot be doubted.” When agency heads perform “quasi-legislative” or “quasi-judicial” functions (i.e., policymaking or adjudicating), they are not exercising pure executive power, and thus the president does not have or need the ability to remove them at will. This case solidified independent agencies’ ability to serve the American people without fear of political reprisal.

    “In 1958, the Supreme Court reinforced Humphrey’s Executor in Wiener v. United States. In another unanimous opinion, the court held that the president does not have unlimited removal powers: “no such power is given the President directly by the Constitution, and none is impliedly conferred upon him by statute.” The court again evaluated removal protections in Morrison v. Olson in 1988. In Morrison, the court approved the extension of removal protections from independent agency heads to lower executive branch officers without policymaking abilities. In a 7-1 opinion, the court held that the for-cause restriction did not violate the separation of powers because it did not “unduly trammel on executive authority.”

    “Then, in 2020, the conservative-dominated Supreme Court indicated that there may be a small exception to Humphrey’s Executor. In Seila Law v. CFPB, the court narrowed Humphrey’s Executor by finding unconstitutional the for-cause removal protections for the Director of the Consumer Financial Protection Bureau, who manages the agency alone without fellow commissioners. In a 5-4 decision, the court held that removal protections for agency heads can only apply in two situations: 1) agencies with multimember commissioners and 2) agencies that do not wield substantial executive power. Seila Law adopted a more expansive vision of presidential power than Humphrey’s Executor and marked a troubling shift in the law for the millions of Americans who rely on independent agencies.”

    Senator Reed noted Trump’s partisan dismissals of FTC commissioner are the latest instance of Trump wrongfully terminating critical federal employees without cause and trying to consolidate power for himself by turning independent federal watchdogs into lapdogs.  The terminated commissioners indicate they plan to sue to reverse the firings.  Senator Reed urged the federal courts and U.S. Supreme Court to expedite review of multiple cases moving through the system and to uphold the law.

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI: Defiance Launches HOOX: 2X Leveraged ETF for Robinhood Markets, Inc.

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 19, 2025 (GLOBE NEWSWIRE) — Defiance ETFs introduces HOOX, the Defiance Daily Target 2X Long HOOD ETF, a 2X leveraged single-stock ETF designed to provide amplified exposure to Robinhood Markets, Inc. (Nasdaq: HOOD). This ETF offers traders a way to seek enhanced returns on Robinhood Markets, Inc without requiring a margin account.

    HOOX seeks daily investment results that correspond to twice (200%) the daily percentage change of Robinhood Markets, a pioneer in commission-free trading that has transformed the brokerage industry with innovative technology and a user-friendly platform.

    “HOOX offers investors a compelling opportunity for investors seeking amplified exposure to Robinhood Markets, a company that has redefined retail investing,” said Sylvia Jablonski, CEO of Defiance ETFs. “As Robinhood continues to expand its offerings and shape the future of trading, this ETF allows investors to participate in its growth with enhanced returns.”

    For more information, visit DefianceETFs.com.

    The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues a daily leveraged investment objective, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of the Underlying Security. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Security’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Security’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

    An investment in HOOX is not an investment in Robinhood Markets, Inc.

    About Defiance ETFs

    Founded in 2018, Defiance is at the forefront of ETF innovation. Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs.

    Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.

    IMPORTANT DISCLOSURES

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read carefully before investing. A hard copy of the prospectuses can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds’ may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    HOOD Risks: The Fund invests in swap contracts and options that are based on the share price of HOOD. This subjects the Fund to certain of the same risks as if it owned shares of HOOD even though it does not.

    Indirect Investment Risk. HOOD is not affiliated with the Trust, the Fund, or the Adviser, or their respective affiliates and is not involved with this offering in any way and has no obligation to consider your Shares in taking any corporate actions that might affect the value of Shares.

    Trading Risk. The trading price of the fund may be subject to volatility and could experience wide fluctuations due to various factors. Short sellers may also play a significant role in trading HOOD potentially affecting the supply and demand dynamics and contributing to market price volatility. Public perception and external factors beyond the company’s control may influence HOOD’s stock price disproportionately.

    Performance Risk. HOOD may fail to meet publicly announced guidelines or other expectations about its business, which could cause the price of HOOD to decline.

    HOOD Operational Risks. HOOD’s plans to venture into new international markets introduces significant uncertainties that may not yield desired outcomes. Operations are subject to complex and evolving laws, with non-compliance posing threats to HOOD’s business. Past and potential future regulatory investigations, settlements, and litigation could lead to substantial costs and reputational damage. Intense competition from rivals with greater resources threatens HOOD’s market position and revenue.

    Financial Exchanges and Data Industry Risks. The industry is highly susceptible to fluctuations in economic conditions, changes in market sentiment, and regulatory alterations, which can significantly affect market volatility and trading volumes. Technological disruptions or failures, including cybersecurity breaches, could compromise user data and disrupt trading activities, potentially leading to financial losses for both the company and its users.

    Global Crypto Asset Trading Platform Risks. HOOD has announced plans to expand its crypto asset business. Such an expansion will subject HOOD to risks related to regulatory compliance, such as the potential for increased scrutiny, enhanced anti-money laundering (AML) and know your customer (KYC) requirements, and the need for additional licenses in various jurisdictions. Operational risks will also arise from the complexities of integrating the new platform’s operations, technology, and culture, as well as the need to bolster system security and manage a more extensive technology infrastructure.

    HOOX Fund Risks 

    Leverage Risk. The Fund 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 Fund is exposed to the risk that a decline in the daily performance of the Underlying Security will be magnified.

    High Portfolio Turnover Risk. Daily rebalancing of the Fund’s holdings pursuant to its daily investment objective causes a much greater number of portfolio transactions when compared to most ETFs.

    Liquidity Risk. Some securities held by the Fund may be difficult to sell or be illiquid, particularly during times of market turmoil. 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.

    Derivatives Risk. 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, leverage, imperfect daily correlations with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Underlying Security’s performance, before the Fund’s management fee and other expenses.

    Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk of the market generally. The value of the Fund, which focuses on an individual security, 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.

    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.

    Diversification does not ensure a profit nor protect against loss in a declining market.

    Brokerage Commissions may be charged on trades.

    Distributed by Foreside Fund Services, LLC

    Contact Information

    David Hanono

    info@defianceetfs.com

    833.333.9383

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/2d7fe9b3-c787-4d4b-bebc-6264a3cd7e2c

    The MIL Network –

    March 19, 2025
  • MIL-OSI: UPDATE — NVIDIA, Alphabet and Google Collaborate on the Future of Agentic and Physical AI

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — GTC — Building on their longstanding partnership, NVIDIA, Alphabet and Google today announced new initiatives to advance AI, democratize access to AI tools, speed the development of physical AI and transform industries including healthcare, manufacturing and energy.

    Engineers and researchers throughout Alphabet are working closely with technical teams at NVIDIA to use AI and simulation to develop robots with grasping skills, reimagine drug discovery, optimize energy grids and more. Employing the NVIDIA Omniverse™, NVIDIA Cosmos™ and NVIDIA Isaac™ platforms, teams from Google DeepMind, Isomorphic Labs, Intrinsic and X’s moonshot Tapestry will discuss milestones from their respective collaborations at the NVIDIA GTC global AI conference.

    To power research and AI production efforts for its customers, Alphabet’s Google Cloud will be among the first to adopt the NVIDIA GB300 NVL72 rack-scale solution and NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU, also announced today at GTC.

    NVIDIA will be the first industry partner to adopt SynthID, a Google DeepMind AI technology that embeds digital watermarks directly into AI-generated images, audio, text or video.

    “I’m proud of our ongoing and deep partnership with NVIDIA, which spans the early days of Android and our cutting-edge AI collaborations across Alphabet,” said Sundar Pichai, CEO of Google and Alphabet. “I’m really excited about the next phase of our partnership as we work together on agentic AI, robotics and bringing the benefits of AI to more people around the world.”

    “Alphabet and NVIDIA have a longstanding partnership that extends from building AI infrastructure and software to advancing the use of AI in the largest industries,” said Jensen Huang, founder and CEO of NVIDIA. “It’s a great joy to see Google and NVIDIA researchers and engineers collaborate to solve incredible challenges, from drug discovery to robotics.”

    Developing Responsible AI and Open Models
    Google DeepMind and NVIDIA are working to build trust in generative AI through content transparency.

    NVIDIA will be the first external user of Google DeepMind’s SynthID, which embeds digital watermarks directly into AI-generated images, audio, text and video. SynthID helps preserve the integrity of outputs from NVIDIA Cosmos world foundation models, available on build.nvidia.com, helping to safeguard against misinformation and misattribution — all without compromising video quality.

    Google DeepMind and NVIDIA also partnered to optimize Gemma, Google’s family of lightweight, open models, to run on NVIDIA GPUs. The recent launch of Gemma 3 marks a significant leap forward for open innovation.

    NVIDIA has played a key role in making Gemma even more accessible for developers. Supercharged by the NVIDIA AI platform, Gemma is available as a highly optimized NVIDIA NIM™ microservice, harnessing the power of the open-source NVIDIA TensorRT-LLM library for exceptional inference performance.

    In addition, this deep engineering collaboration will extend to optimizing Gemini-based workloads on NVIDIA accelerated computing via Vertex AI.

    The Age of Intelligent Robots
    Intrinsic is an Alphabet company focused on making intelligently adaptive AI for robotics usable and valuable for manufacturers across industries. Today, the majority of the world’s installed industrial robots are manually programmed, with every movement hard-coded in a complex, expensive process.

    Partnering with NVIDIA, the teams have built deeper and more intuitive developer workflows for Intrinsic Flowstate to support NVIDIA Isaac Manipulator foundation models for a universal robot grasping capability. Using foundation models for robotics will significantly reduce application development time and improve flexibility, with AI that can adapt effortlessly. At GTC, Intrinsic will also share an early OpenUSD framework streaming connection between Intrinsic Flowstate and NVIDIA Omniverse — enabling real-time visualization of robot workcells across platforms.

    Concurrently, NVIDIA and Google DeepMind are announcing a collaboration with Disney Research to develop Newton, an open-source physics engine accelerated by the NVIDIA Warp framework that is compatible with MuJoCo. Powered by Newton, MuJoCo will accelerate robotics machine learning workloads by more than 70x compared with MuJoCo’s existing GPU-accelerated simulator, MJX.

    Applying Innovation to Real-World Challenges
    Isomorphic Labs, founded by Google DeepMind CEO Demis Hassabis, is reimagining drug discovery with AI. It has built a state-of-the-art drug design engine housed on Google Cloud with NVIDIA GPUs to enable the scale and performance needed to continue developing groundbreaking AI models that can help advance human health.

    Tapestry, X’s moonshot for the electric grid, is building AI-powered products for a greener and more reliable future grid. Tapestry and NVIDIA are exploring methods for increasing the speed and accuracy of electric grid simulations.

    This joint effort will focus on the challenges of integrating new energy sources and expanding grid capacity to meet the growing demands of data centers and AI, while helping ensure grid stability. The companies will evaluate potential solutions, including using AI to optimize the interconnection process, with the goal of enhancing the planning and modernization of energy infrastructure for a more sustainable future.

    The Next Generation of AI-Optimized Infrastructure
    Building on its commitment to provide customers with the most advanced AI infrastructure, Google Cloud will be one of the first companies to offer the latest instances of NVIDIA Blackwell GPUs — NVIDIA GB300 NVL72 and NVIDIA RTX PRO 6000 Blackwell Server Edition.

    Built on the groundbreaking Blackwell architecture introduced a year ago, Blackwell Ultra includes the NVIDIA GB300 NVL72 rack-scale solution and the NVIDIA HGX™ B300 NVL16 system. The GB300 NVL72 delivers 1.5x more AI performance than the NVIDIA GB200 NVL72, as well as increases Blackwell’s revenue opportunity by 50x for AI factories, compared with those built with NVIDIA Hopper™. NVIDIA RTX PRO 6000 Blackwell is the ultimate universal GPU for both AI and visual computing workloads across healthcare, manufacturing, retail, live broadcast and other industries.

    With last month’s preview launches of its A4 and A4X virtual machines, Google Cloud became the first cloud provider to offer both NVIDIA B200- and GB200-based instances. Now, A4 is generally available — with A4X coming soon — so customers can take advantage of Blackwell’s powerful performance with the added benefits of Google Cloud’s AI Hypercomputer.

    Google Cloud and NVIDIA have worked together to optimize popular open-source frameworks like JAX, a popular Python library for machine learning, and MaxText to run efficiently on NVIDIA GPUs at scale. MaxText, an advanced framework for scaling large models across massive GPU clusters, uses optimizations codeveloped with NVIDIA to enable efficient training on tens of thousands of GPUs.

    GTC attendees interested in learning more about Alphabet and NVIDIA’s work can visit the Google Cloud booth 914.

    About Alphabet Inc.
    Alphabet is a collection of companies, the largest of which is Google. Larry Page and Sergey Brin founded Google in September 1998 and the company is headquartered in Mountain View, Calif. Billions of people use its wide range of popular products and platforms each day, like Search, Ads, Chrome, Cloud, YouTube and Android.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Cliff Edwards
    NVIDIA Corporation
    +1-415-699-2755
    cliffe@nvidia.com

    press@google.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, availability, and performance of NVIDIA’s products, services, and technologies; and the collaboration between NVIDIA and Alphabet and the benefits and impact thereof are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA Cosmos, NVIDIA HGX, NVIDIA Hopper, NVIDIA Isaac, NVIDIA Omniverse, and NVIDIA RTX PRO are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/611ce8d4-bb5c-47ff-85d5-591363b25467

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Acquisition Complete for 9.1% Stake in CAMRAIL S.A

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Australia, March 18, 2025 (GLOBE NEWSWIRE) — Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA (‘Camalco’), has acquired the 5.3% equity interest in CAMRAIL SA (‘Camrail’) from Total Energies Marketing Cameroun SA (‘Total Cameroon’). Refer to the Company’s ASX announcement dated 7 March 2025 for further information. The acquisition with Total Cameroon was finalised on 14 March 2025, following the internal approval by the Apex Committee of Total Cameroon.

    Camalco has now successfully secured a strategic 9.1% holding in Camrail, having previously completed the acquisition of a 3.8% interest from Societe d’Exploitation des Bois du Cameroun (‘SEBC’) on 28 February 2025.

    The total consideration for the combined acquisitions amounted to XAF 1,388,550,000 (approximately A$3.4 million), funded from the Company’s existing cash reserves.

    Completion of these strategic transactions with Total Cameroon and SEBC provides Camalco a direct stake in Cameroon’s rail infrastructure operator and importantly, secures the Company a seat on the Camrail Board.

    This strategic investment is a critical step in Canyon’s broader objective of establishing an efficient transport and logistics network to support the development of its world-class Minim Martap Bauxite Project.

    Minim Martap ranks among the world’s richest bauxite deposits, with an Ore Reserve of 109Mt at 51.1% Al2O3 and 2.0% SiO2 and a JORC Mineral Resource Estimate of 1,027Mt at 45.3% Al2O3.

      Ore (MT) Alumina (Al2O3) Silica (SiO2)
    Total Mineral Reserves (Proved)1 109 51.1% 2.0%
    Total Mineral Resources2 1,027 45.3% 2.7%
    Measured 382 47.3% 2.7%
    Indicated 597 44.2% 2.7%
    Inferred 48 43.2% 3.7%

    (1) Mineral Reserves reported as per JORC Code
    (2) Mineral Resources reported as per JORC Code, at a cut-off grade of 35% Al2O3 – Makan & Ngaoundal tenements not included

    Table 1: Minim Martap Ore Reserve Statement (2022 BFS) & Mineral Resources Estimate

    Mr Jean-Sebastien Boutet, Canyon Chief Executive Officer commented: “We are pleased to have successfully completed our 9.1% acquisition in Camrail and to now be working alongside its existing shareholders, the State of Cameroon and Africa Global Logistics. This investment is a major step forward in de-risking the logistics pathway for Minim Martap, and I want to acknowledge the continued dedication of the Canyon and Camalco team as we push towards first production in 2026.

    “Minim Martap is a world-class, tier-one bauxite project, with the potential to become a long-term, low-cost supplier into a growing and supply-constrained market. With our Definitive Feasibility Study on track for completion in Q3 2025, mine planning progressing as scheduled, and Integrated Rail Facility engineering underway, we are making tangible strides toward project execution.

    “Importantly, we are also advancing discussions regarding delivery schedules for rolling stock and progressing negotiations on port facilities. In addition, the initial phase of our two-stage ramp-up has successfully commenced, reflecting our commitment to ensuring a structured and efficient development pathway for the project. We remain focused on securing the remaining rail and port agreements and look forward to providing further updates as we continue to execute on our strategy.”

    Image 1: Camrail transport route (source: http://www.camrail.net/)

    This announcement has been approved for release by the Canyon’s Board of Directors.

    Forward looking statements

    This announcement contains forward-looking statements. These statements can be identified by words such as “anticipate”, “may”, “will”, “expect”, “intend”, “estimate”, “opportunity”, “plan”, “potential”, “project”, “seek”, “believe”, “could”, “future” and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management that could cause the Company’s actual results to differ materially from the results expressed or anticipated in these statements.

    The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update or revise forward-looking statements, regardless of whether any new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and ASX requirements.

    Mineral Resources and Ore Reserves

    The information in this announcement that relates to the Mineral Resources and Ore Reserves at the Minim Martap Bauxite Project has been extracted from the ASX releases by Canyon entitled ‘Minim Martap Mineral Resource Estimate upgrade adds Measured Resource’ dated 11 May 2021, and ‘Positive BFS for Canyon’s Minim Martap Bauxite Project’ dated 21 June 2022, available at www.canyonresources.com.au and www.asx.com (Canyon Releases). Canyon confirms that it is not aware of any new information or data that materially affects the information included in the Canyon Releases and that all material assumptions and technical parameters underpinning the estimates in the Canyon Releases continue to apply and have not materially changed.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc0ead90-8ff1-4f2d-9e53-2f4d7d1e9fa4

    The MIL Network –

    March 19, 2025
  • MIL-OSI China: Asian films scaling up content building with AI assistance

    Source: China State Council Information Office 3

    The role of artificial intelligence (AI) and technology will continue to be vital in shaping the future of the Asian film and content sectors with experts urging industry leaders to embrace the change to stay on top of their game, a Hong Kong summit heard on March 18.

    In his welcome remarks at the Asia Content Business Summit (ACBS) Working Group Meeting, Wilfred Wong Ying-wai, chairman of the Hong Kong Film Development Council, said that AI is going to “speed up development” and “unite Asia” across multiple languages as content becomes accessible to a broader audience.

    Wong noted that in the past, content had to be dubbed, but now with the help of AI, subtitles have been made easily accessible on-demand.

    “Second, we have to look at how to distribute. The movie business is a streaming platform. (We) have to be one step ahead. Otherwise, we are just following trends,” said Wong, as he also encouraged current industry leaders to share their knowledge and “pass the sword to the next generation”.

    Fred Wang Cheung-yue, chairman of Hong Kong-based pan-Asia movie services group Salon Film, encouraged attendees to “take new ideas” on the use of technology and AI in movie production from the ACBS event, where speakers from Japan, Indonesia, Malaysia, Thailand and the Philippines also gave presentations on trends and initiatives in their respective countries.

    Dato Kamil Othman, chairman of the National Film Development Corporation Malaysia, said his organization had prioritized the training of film producers, with special attention paid to understanding legal issues such as copyright.

    Malaysia has no problems with sending films overseas and a new generation of successful movie professionals are emerging, he said. The main challenges they encounter are internal industry mechanisms, using AI and difficulties working on co-productions, he added.

    “Talent is already there. We just need a good proposition to move forward,” said Kamil, as he also urged the audience to “not be afraid of AI” as it “is not a trend, but a tool and humans are still part of it”.

    In Japan’s content industry, digitalization had also changed the content industry completely, according to Norihiko Saeki, director of the culture and creation industries division under Japan’s Ministry of Economy, Trade and Industry (METI).

    He said Japanese overseas content sales are set to achieve a market size of 20 trillion yen ($6.7 billion) by 2033, under the “New Cool Japan Strategy” adopted in 2024. METI set up 100 action plans this year in consultation with Japanese content industry leaders in order to hit that target, he added.

    He also said they have a “Shooting with Japan Program” agreement with China and Italy, which gives an incentive grant of 1 billion yen.

    Novie Riyadi, chief operating officer at Indonesian animation and post-production company Mocca Studio said Indonesia’s game industry has grown rapidly, driven by government support that helped firms there become “early adopters of AI”.

    He said there were 156 animation companies in Indonesia in 2020 and expects the number to have tripled by now. Among these companies’ successes has been the animated children’s show Baby Zu, he added, which was created to help parents with children who were slow learning to speak.

    In the Philippines, Liza Dino-Seguerra, executive director of the Quezon City Film Commission, said over 120 Filipino films were produced and released in 2023 — a notable rebound following the COVID-19 pandemic.  

    “Streaming has become the dominant force shaping how content is produced, distributed and consumed,” said Dino-Seguerra, who is also former chairperson of the Film Development Council of the Philippines.

    She said international collaborations are also on the rise because of producers’ constant participation in international events and markets, allowing Filipino stories to reach a global audience. Her organization is looking to partner with companies in the Middle East and North Africa region, and Latin America, she added.

    Sirisak Koshpasharin, vice chairman of Thailand’s National Federation of Motion Pictures and Contents Associations, said content streaming in Thailand is also a growing market.

    He put the spotlight on “movie tourism” as many films have been shot in Thailand, bringing with them tourists. Japan topped the list of countries where film producers came from to shoot in Thailand, he said, followed by India, the United States, the Republic of Korea and China. Upgraded government film incentives introduced in December last year, increasing a cash rebate on movie production from 20 percent to 30 percent, had also encouraged the industry, he added.

    “All the big players in the market come to Thailand, but the best spender is Hong Kong,” said Koshpasharin. Last year alone, 490 projects shot in Thailand, generating 6.5 billion Baht ($194 million). Two of the most notable movies filmed there include Jurassic World 4, and Alien: Earth.

    Fred Chong, group CEO of WebTVAsia and award-winning Malaysian musician, said AI “has a face now”, and is capable of taking on real celebrities. The digital human market, he said, is expected to reach $440 billion by 2031.

    When asked what steps his company has taken to fight scams, Chong said on the sidelines of the ACBS summit that content owners need to fight for their own content.

    “If you are not the content owner, you cannot stop illegal uploads. So, it’s the same thing with AI. We talk about deepfake, we talk about illegal use of the face of a famous person. The original owner of the face has to copyright their intellectual property,” said Chong.

    Later on Tuesday a signing ceremony was held for the joint launch of Zheng He’s Voyages to the West by parties from Malaysia, China including Hong Kong, and Saudi Arabia. Zheng, a Chinese explorer and admiral dated hundreds of years ago, is credited for leading the largest fleet in the world then on seven voyages of exploration from Asia to Africa.

    Saudi World of Sounds and Visions Company President Abdullah Al Muheisen, also a Saudi pioneering filmmaker and director, inked a deal with Fred Wang of Salon Films.

    MIL OSI China News –

    March 19, 2025
  • MIL-OSI Asia-Pac: President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis

    Source: Republic of China Taiwan

    Details
    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-17
    President Lai addresses opening of 2025 Yushan Forum
    On the morning of March 17, President Lai Ching-te attended the opening of the 2025 Yushan Forum, the theme of which was “New Southbound Policy+: Taiwan, the Indo-Pacific, and a New World.” In remarks, President Lai stated that the New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. He said that in the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north, but that now, Taiwan is confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, he said, Taiwan’s enterprises are expanding their global presence and marketing worldwide. The president stated that Taiwan will strive alongside its partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. He indicated that the Yushan Forum is a place to share experiences, and more importantly, lay down firm foundations for exchanges and cooperation among participants’ countries to create greater stability for the region and greater prosperity for the world. A transcript of President Lai’s remarks follows: On behalf of all the people of Taiwan, I want to welcome our good friends joining us from around the world. Your presence shows support for a peaceful and stable Taiwan and a free and open Indo-Pacific region. The Yushan Forum has become more than just an important platform for the New Southbound Policy. Over these eight years, more than 3,600 participants from Taiwan and 28 other countries have helped deepen Taiwan’s connections with nations around the world. The New Southbound Policy has led to great success in economic and trade cooperation, professional exchanges, resource sharing, and building regional links. Looking ahead, the Yushan Forum will be taking on the important mission of carrying its legacy forward and transforming it into action. Not only must we turn consensus into action plans for close cooperation among countries in the region; we must also work with partners around the world to forge ahead with cooperative plans for mutual prosperity. We hope to envision a new world from Taiwan – and see Taiwan in this new world. We are also embracing an era of smart technology. The government sessions of this Yushan Forum are therefore centered around topics including smart healthcare, smart transportation, and resilient supply chains for semiconductors. Taiwan is intent on working side by side with other countries to face the challenges of this new era. Today’s Taiwan celebrates not only the democratic achievements that are recognized by the international community, but also our strengths in the semiconductor and other tech industries, which enable us to play a key role in restructuring global democratic supply chains and the economic order. We are building on Taiwan as a “silicon island” for semiconductors while accelerating innovation and AI applications for industry. These efforts will help Taiwan become an “AI island” as well. We are also developing forward-looking fields such as quantum technology and precision medicine, which will create an industry ecosystem that is highly competitive and innovative. The government will also develop economic models powered by innovation. This will help SMEs (small- and medium-sized enterprises) upgrade and transform through the power of digital transformation and net-zero transition. In the past, Taiwanese industries went from moving westward across the Taiwan Strait, to shifting southbound, to working closer with the north. But now, we are confidently stepping across the Pacific, reaching eastward, to the Americas and other regions. While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. As we gather here today, I am confident that we share the same goal: Through international cooperation, we hope to build an even more inclusive, resilient, prosperous Indo-Pacific, while jointly defending the democracy, freedom, and peace we so firmly believe in. I want to thank you all once again for supporting Taiwan. We will strive alongside our partners in democracy to bolster non-red supply chains and digital solidarity, and together respond to the threats and challenges posed by expanding authoritarianism. Yushan is also known as Jade Mountain. It is Taiwan’s highest peak and stands as firm as our unwavering spirit. During this critical time of global change and transformation, the Yushan Forum is a place where we can share our experiences, and more importantly, lay down firm foundations for exchanges and cooperation among our countries. This way, we can create greater stability for the region and greater prosperity for the world. I wish everyone a successful forum. Thank you. Also in attendance at the event were former Prime Minister of Denmark and Alliance of Democracies Foundation Chairman Anders Fogh Rasmussen, former Prime Minister of the Republic of Slovenia Janez Janša, Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji, and American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

    Details
    2025-03-04
    President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response
    On the morning of March 4, President Lai Ching-te attended the opening ceremony of the Global Cooperation and Training Framework (GCTF) Workshop on Whole-of-Society Resilience Building, Preparation, and Response. In remarks, President Lai stated that global challenges such as extreme weather, pandemics, and energy crises continue to emerge, and growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, he said, and absolutely no single country can face them alone. The president said that as a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world, and that the GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. President Lai indicated that Taiwan will join the forces of the central and local governments to enhance social resilience across the board, enhance disaster response capabilities in the community, and leverage its strengths to make contributions to the international community. He said that we are demonstrating to the world our determination to create an even more resilient Taiwan, and expressed hope to advance mutual assistance and exchanges with all the countries involved, so that we can together promote stability and prosperity around the world. A transcript of President Lai’s remarks follows: To begin, I would like to welcome more than 60 distinguished guests from 30 countries, as well as experts from Taiwan. You are all here for this GCTF workshop to discuss whole-of-society resilience building, preparation, and response. As a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world. The GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. I want to thank our full GCTF partners, the United States, Japan, Australia, and Canada. Over the past several years, we have worked with even more countries through this framework and have expanded our exchanges into even more fields. Together, we have met all kinds of new challenges. I am confident that as our cooperation grows stronger, so will our ability to promote global progress. Each of today’s guests is contributing a vital force in that regard. I extend my sincere thanks to you all. Global challenges such as extreme weather, pandemics, and energy crises continue to emerge. And growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, and absolutely no single country can face them alone. Taiwan holds a key position on the first island chain, and stands at the very frontline of the defense of democracy. With this joint workshop, we are demonstrating to the world our determination to create an even more resilient Taiwan. We are also aiming to advance our mutual assistance and exchanges with all the countries involved, so that we can make our societies more resilient and together promote stability and prosperity around the world. Moving forward, we will continue advancing the following three initiatives: First, we will join the forces of the central and local governments to enhance social resilience across the board. Just last year, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office. Civilian force training, strategic material preparation, and critical infrastructure operation and maintenance are all key discussion areas for our committee. These aim to enhance Taiwan’s resilience in national defense, economic livelihoods, disaster prevention, and democracy. They are also items on the agenda for this GCTF workshop. To cover all the bases, Taiwan must unite and cooperate as a team. Last year, our committee held the very first cross-sector tabletop exercise at the Presidential Office which included central and local government officials as well as civilian observers. We aim to test the government’s emergency response capabilities in high-intensity gray-zone operations and near-conflict situations. We will continue to hold exercises to help the central and local governments work together more efficiently, and strengthen Taiwan’s overall disaster response capabilities. Second is to enhance disaster response capabilities in the community. We fully understand that to build whole-of-society resilience, we must help people increase risk awareness, know how to respond to disasters, and develop abilities to help themselves, help one another, and work together. We are grateful to the American Institute in Taiwan (AIT) for collaborating with the Taiwan Development Association for Disaster Medical Teams to host “Take Action” workshops around the country since 2021. A 2.0 version is already in practice, and continues to train the public in first aid skills. Director of the AIT Taipei Office Raymond Greene and I took part in a Take Action event in New Taipei City last year and personally saw the positive outcomes of the training. In addition to the Take Action workshops, the government is also providing Disaster Relief Volunteer training for ages 11 to 89, and is continuing to expand its target audience. We have also set up Taiwan Community Emergency Response Teams at key facilities nationwide, enhancing the ability of these important facilities to respond independently to disasters. Civilian training will continue to be refined and expanded so that members of the public can serve as important partners in government-led disaster prevention and relief. Third, we will leverage Taiwan’s strengths to make contributions to the international community. The inspiration for our Disaster Relief Volunteer training comes from a similar program run by The Nippon Care-Fit Education Institute in Japan. I am confident that through exchanges like this workshop, Taiwan and other countries can also inspire one another in many areas, and enhance whole-of-society resilience in multiple ways. Taiwan also excels in information and communications and advanced technology. We will set up even more robust cybersecurity systems, expand usage of emerging technologies, and improve the ways we maintain domestic security. We hope that by leveraging our capabilities and sharing our experiences, Taiwan can contribute even more to the international community. I want to welcome all our partners once again, and thank AIT for co-hosting this event. Let’s continue down the path of advancing global security and developing resilience together. Because together, we can travel farther, and we can travel longer. Also in attendance at the event were Japan-Taiwan Exchange Association Deputy Representative Takaba Yo, Australian Office in Taipei Representative Robert Fergusson, and Canadian Trade Office in Taipei Executive Director Jim Nickel.

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

    MIL OSI Asia Pacific News –

    March 19, 2025
  • MIL-OSI USA: Markey Blasts Trump’s Illegal Firing of Democratic FTC Commissioners

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Boston (March 18, 2025) – Senator Edward J. Markey (D-Mass.), member of the Commerce, Science, and Transportation Committee, released the following statement after Trump fired the Federal Trade Commission’s only two Democratic Commissioners, Rebecca Slaughter and Alvaro Bedoya.

    “For more than a century, the independent Federal Trade Commission has played a critical role in protecting American consumers and promoting competition. By attempting to illegally fire Commissioner Slaughter and Commissioner Bedoya, Trump is sending a clear message that he wants to Forget The Consumers and Fast Track Corruption. Make no mistake: These illegal actions are a sign of weakness, not strength. With the Trump administration imminently having a majority at the FTC, the only reason to fire the Democratic commissioners is to shut down dissent and hide his efforts to pad the pockets of his billionaire buddies. Trump is scared that the Democratic commissioners will unmask his radical and unpopular agenda. 

    “It won’t work. We won’t let the FTC stand for Favoring Trump’s Cronies—we’ll fight back against Trump’s unconstitutional actions to make sure the FTC can continue to protect all Americans from scams, fraud, and other online and offline threats.”

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI China: Policy mix key to addressing structural woes

    Source: China State Council Information Office

    People visit the exhibition area of consumer goods during the seventh China International Import Expo (CIIE) in East China’s Shanghai, Nov 5, 2024. [Photo/Xinhua]

    Faced with structural issues at home and mounting external uncertainties, China should put in place a mix of macroeconomic and industrial policies, alongside meaningful reforms, to spur effective demand, stabilize the property market, accelerate the shift from old growth drivers to new ones, and raise the nation’s total factor productivity, economists said.

    “The downward pressure facing the Chinese economy mainly comes from cyclical fluctuations and structural transition,” said Huang Yiping, dean of Peking University’s National School of Development.

    “Stabilizing growth will be crucial; it will remain the main policy priority through 2025. And that requires a combination of macroeconomic, industrial policies as well as reform measures,” Huang said at a recent meeting held by Peking University’s National School of Development in Beijing.

    Huang highlighted weakening traditional growth drivers and insufficient momentum from emerging industries as key structural challenges.

    Meanwhile, lackluster domestic demand is exacerbating pressure on cyclical fluctuations. Thus, it is advisable to adopt a coordinated policy framework that combines both macroeconomic and industrial policies, he added.

    A report released by the National School of Development during the meeting said that in the short term, macroeconomic policies should focus on stabilizing aggregate demand and preventing any systemic risks arising from the real estate sector. Industrial policies, on the other hand, should focus on facilitating the transition from old growth drivers to new ones.

    “Fiscal policy should aim to stabilize the construction and real estate sectors while enhancing fiscal and tax support for emerging industries,” the report said. “Meanwhile, monetary policy should take a more structural approach, providing targeted support for technological innovation and small and medium-sized enterprises.”

    In the medium to long term, the report said, it is necessary to advance reforms of the market-based allocation of production factors, strengthen property rights protection, and expand high-standard opening-up to stimulate private sector vitality and foster new growth drivers that help boost total factor productivity.

    “Macroeconomic adjustments should focus on expanding aggregate demand and improving market expectations, while more efforts should be made to accelerate the formation of new growth drivers as old ones phase out,” Huang said. “On the reforms front, deepening reforms will bolster confidence among businesses, improve market efficiency, and fully unlock economic potential and lead to faster growth.”

    Huang emphasized the critical role of stabilizing the real estate market, saying it will help stabilize the overall economy. Meanwhile, he pointed to the ongoing digital revolution, particularly those related to emerging fields like artificial intelligence and robotics, as a golden opportunity for economic transformation. “The key is whether we can seize this opportunity and translate it into real growth,” he said.

    Stimulating domestic demand is China’s top priority this year, as it seeks to cushion the impact of more US tariffs.

    In its 2025 Government Work Report, delivered during the annual two sessions, China announced that it will vigorously boost consumption and investment, and stimulate domestic demand across the board. It will also double ultra long-term special treasury bonds earmarked for its trade-in program to 300 billion yuan ($41.53 billion) this year.

    Zhang Bin, deputy director of the Chinese Academy of Social Sciences’ Institute of World Economics and Politics, highlighted the necessity of expanding public investment, noting that it will be the most effective way to boost household incomes and spur consumer spending.

    He said during the meeting that consumption and investment are not in a zero-sum relationship but are positively correlated. “When investment grows faster, consumption grows faster. When consumption performs well, investment also grows faster, and economic growth accelerates.”

    Looking into the full year, Wu Ge, chief economist at Changjiang Securities, said China’s preset annual growth target of around 5 percent is achievable this year, while the country may need stronger and unconventional policies if it aims to see the GDP deflator return to positive territory. The deflator is the broadest measure of prices across goods and services.

    MIL OSI China News –

    March 19, 2025
  • MIL-OSI USA: Attorney General Bonta Issues Statement After Trump Administration Unlawfully Fires FTC Commissioners

    Source: US State of California

    Tuesday, March 18, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    OAKLAND — California Attorney General Rob Bonta today issued a statement after the Trump Administration unlawfully fired two Federal Trade Commission (FTC) commissioners. The FTC was created by Congress in 1914 with the Federal Trade Commission Act, which allows a president to remove a commissioner only for “inefficiency, neglect of duty, or malfeasance in office.” Since then, the U.S. Supreme Court has ruled that the president’s removal powers do not go beyond what Congress authorized. Congress created the FTC to protect consumers and market competition — as such, the FTC is responsible for enforcing laws that touch virtually every area of commerce and targets its enforcement efforts at practices that cause the greatest harm to consumers. California regularly collaborates with the FTC to protect consumers, workers, and the market by bringing enforcement actions that check the power of corporations acting illegally. 

    “The Trump Administration’s illegal firing of the two Commissioners is extremely concerning. Consumer protection and antitrust are not political — they are about protecting working families and helping ensure the benefits of a vibrant economy are for everyone,” said Attorney General Bonta. “Time and time again, California has benefitted from the FTC’s collaboration and coordination in bringing enforcement actions and taking other measures to safeguard Americans nationwide, regardless of who is in the White House.”

    # # #

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI China: China willing to jointly uphold genuine multilateralism with France

    Source: China State Council Information Office

    Wang Yi, director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, said Tuesday that China is willing to maintain close high-level exchanges with France, strengthen strategic coordination, and jointly uphold genuine multilateralism.

    Wang, also a member of the Political Bureau of the CPC Central Committee, made the remarks when having a phone conversation with Emmanuel Bonne, diplomatic adviser to the French President, at the latter’s request.

    During the phone conversation, Wang requested Bonne to convey Chinese President Xi Jinping’s greetings to French President Emmanuel Macron.

    The current international situation is increasingly complex and intertwined, with significant rises in uncertainty and instability, said Wang.

    Noting that this year marks the 80th anniversary of the victory in World War II, Wang said that it is essential for China and France, as permanent members of the United Nations Security Council and comprehensive strategic partners, to enhance strategic communication at this significant historical juncture.

    Wang said that China is willing to maintain close high-level exchanges with France, strengthen strategic coordination, jointly uphold genuine multilateralism, uphold the status of the United Nations, protect the international trade order, ensure the stability of global industrial and supply chains, oppose unipolar hegemony, reject placing one country’s self-interest above the common interests of all nations, and prevent the world from returning to the law of the jungle.

    In the current situation, it is of important and positive significance for China and Europe to resolve specific economic and trade frictions through consultation. China hopes that France will work with China to send a positive signal of unity and cooperation and promote the healthy and stable development of China-France and China-Europe relations, noted Wang.

    Bonne requested Wang to convey Macron’s greetings to Xi. He said that France attaches great importance to and cherishes the friendship and mutual trust between France and China. Under the current complex international situation in particular, France looks forward to maintaining high-level exchanges and close strategic communication with China to jointly resist camp confrontation.

    Bonne said that France opposes trade wars and tariff wars, and is willing to properly resolve economic and trade frictions through consultations with China, promote balanced and sustainable development of economic and trade relations between France and China and also between Europe and China, and maintain the international economic and trade system based on World Trade Organization’s rules.

    The two sides exchanged in-depth views on the Ukraine issue.

    Bonne briefed Wang on the position of the French side, saying that France is willing to strengthen coordination with China and expects China to play an important role in reaching a just, stable and sustainable peace agreement on Ukraine.

    Wang said that China has advocated resolving the crisis through dialogue and negotiation from the very beginning, and welcomes all efforts towards a ceasefire, which is a necessary step towards peace. At the same time, this process should respect the will of the parties concerned, should not be imposed by a third party, and should not only serve the interests of any one country.

    China supports the achievement of a fair, lasting and binding peace agreement acceptable to all parties concerned, and believes that all parties and stakeholders should participate in the peace talks process in due course.

    He also noted that China’s position has been recognized and supported by the parties concerned and most other countries, and China is ready to work with all parties, including Europe, to continue to make efforts for peace.

    The two sides also exchanged views on the Iranian nuclear issue.

    MIL OSI China News –

    March 19, 2025
  • MIL-OSI China: 5th China Cross-Border E-Commerce Trade Fair opens in Fuzhou

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

    5th China Cross-Border E-Commerce Trade Fair opens in Fuzhou

    Updated: March 19, 2025 08:49 Xinhua
    Visitors and exhibitors communicate during the 5th China Cross-Border E-Commerce Trade Fair in Fuzhou, southeast China’s Fujian Province, March 18, 2025. The 5th China Cross-Border E-Commerce Trade Fair opened here on Tuesday, attracting over 1,800 supply chain and service enterprises from various countries and regions. This year’s event coincides with the 2025 China Cross-Border E-Commerce Conference, which focuses on the upgrade of the cross-border e-commerce industry and seeks pathways for Chinese companies to expand internationally. [Photo/Xinhua]
    People visit the 5th China Cross-Border E-Commerce Trade Fair in Fuzhou, southeast China’s Fujian Province, March 18, 2025. [Photo/Xinhua]
    People visit the 5th China Cross-Border E-Commerce Trade Fair in Fuzhou, southeast China’s Fujian Province, March 18, 2025. [Photo/Xinhua]
    People communicate during the 5th China Cross-Border E-Commerce Trade Fair in Fuzhou, southeast China’s Fujian Province, March 18, 2025. [Photo/Xinhua]
    People visit the 5th China Cross-Border E-Commerce Trade Fair in Fuzhou, southeast China’s Fujian Province, March 18, 2025. [Photo/Xinhua]

    MIL OSI China News –

    March 19, 2025
  • MIL-OSI USA: Luján Statement on Illegal Firings of FTC Commissioners

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján
    Santa Fe, N.M. — U.S. Senator Ben Ray Luján (D-N.M.) issued the following statement on President Trump’s illegal firings of Federal Trade Commission (FTC) Commissioners Alvaro Bedoya and Rebecca Slaughter: 
    “The Federal Trade Commission is an independent agency in charge of protecting American consumers and promoting competition. From combating fraud and deception to tackling unfair business practices, the FTC is there to serve the American people’s interests. President Trump’s illegal firings of Senate-confirmed Commissioners Alvaro Bedoya and Rebecca Slaughter are unlawful and should be reversed immediately.
    “President Trump is once again subverting the law to exert his own political agenda – one that serves the wealthiest and largest corporations and not the American people. The law — which makes it clear that the president cannot fire commissioners without cause — must be upheld.”

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI New Zealand: Another failed ETS auction, another indictment on the Govt’s climate credibility

    Source: Green Party

    The ETS auction’s failure today is yet another clear sign that the Government is failing us all on climate action.  

    “Yesterday, the acting Prime Minister admitted that the Government’s climate commitments were the bare minimum. Worse still, today’s ETS auction failure shows that even the market the Government is relying on doesn’t trust them to deliver,” says the Green Party’s co-leader and Climate Change spokesperson, Chlöe Swarbrick.

    “Luxon’s Government has put almost all of their climate eggs in the basket of market mechanisms like the Emissions Trading Scheme, and left a gaping hole in the basket. 

    “We must take forestry offsets out of the ETS to ensure it functions properly to actually cap emissions. We must end free allocation of credits to our largest polluters. We must price agricultural emissions – the only sector currently not priced.

    “He Ara Anamata, our Green Emissions Reduction Plan, showed how we can reduce emissions five times faster than the Government’s plan, while reducing the cost of living and improving people’s quality of life.

    “Our plan outlines an economy that supports people and the planet, instead of exploiting and exhausting both.

    “That means a Green Jobs Guarantee, planting native trees instead of pine, efficient public transport, sustainable food production, restoring our wetlands, designing our cities better, distributed and resilient renewable energy, real just transition plans led by local communities and so much more,” says Chlöe Swarbrick.

    MIL OSI New Zealand News –

    March 19, 2025
  • MIL-OSI USA: Warren Statement on the Firing of Two Federal Trade Commissioners

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    March 18, 2025
    Washington, D.C. – Following the news that President Trump fired Alvaro Bedoya and Rebecca Kelly Slaughter from the Federal Trade Commission (FTC), U.S. Senator Elizabeth Warren (D-Mass.) released the following statement: 
    “Donald Trump just illegally fired two independent commissioners at the FTC who fight big corporations that abuse consumers and workers. 
    “Why? Trump’s billionaire donors expect a return on their investment. He works for them, not you. 
    “The courts must reinstate the commissioners.” 

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI USA: Klobuchar Statement on Illegal Firing of Federal Trade Commissioners

    US Senate News:

    Source: United States Senator Amy Klobuchar (D-Minn)
    WASHINGTON — U.S. Senator Amy Klobuchar (D-MN), the only Democratic Senator on both the Judiciary and Commerce Committees, released the following statement on the illegal firing of Federal Trade Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya.
    “This is outrageous. President Trump’s dismissal of Commissioners Slaughter and Bedoya is not only illegal but also hurts consumers by undermining an independent agency that Congress established to protect consumers from fraud, scams, and monopoly power. The Federal Trade Commission has carried out this mission in a bipartisan way for more than 110 years—including returning more than $330 million to consumers last year and taking on hidden fees—but today President Trump has threatened that critical work. Illegally gutting the Commission will empower fraudsters and monopolists, and consumers will pay the price.”

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI Australia: Queensland Media Club address, Q&A

    Source: Australian Treasurer

    Jack McKay:

    Treasurer, thank you very much for that address. We’ll now turn to the question and answer segment of today’s event and we’ll turn to the press gallery very soon. But, Treasurer, I just want to ask you. Obviously this Budget is being delivered with an election around the corner. You cited some statistics there in your speech and you’re certainly making the case that the economy is rebounding, but do you really think people feel better off now compared to 3 years ago when the Albanese government came to power?

    Jim Chalmers:

    First of all, there’s no question that the Australian economy has turned a corner. We see that in all of the ways I ran through in the speech. But what I’ve always done and what I’ve done again today is to acknowledge that a lot of people are still doing it tough. We know that there’s not always a direct correlation between the progress we’re making in the national aggregate data and how people are feeling and faring in the economy. And that’s where our cost‑of‑living help is so important. The cost‑of‑living help that we’re rolling out in all of those different ways. Tax cuts for every taxpayer, energy bill, relief for every household, cheaper early childhood education, cheaper medicines, Fee‑Free TAFE, rent assistance, getting wages moving again, getting inflation down.

    All of this is about not just recognising that people are under pressure, but actually doing something about it. And again, that comes to the core of the contest in this election year. Now, both the major parties in the parliament acknowledge that people are under pressure, but only our side of the parliament has been prepared to do anything about it. Our political opponents at every turn tried to prevent people from getting those tax cuts and getting that cost‑of‑living help. And because of that, Australians would be thousands of dollars worse off if Peter Dutton had his way on the cost‑of‑living help and on the tax cuts and on wages. I think, as Angus Taylor rightly pointed out the other day when he said that the best predictor of future performance is past performance, that should send a shiver up the spine of every Australian, because the past performance of the Liberal and National parties under Peter Dutton is to come after Medicare, come after wages and vote against cost‑of‑living help.

    McKay:

    You talk to voters, though. Do you think they feel better when you speak to them?

    Chalmers:

    I think I said in response to your first question, Jack, I acknowledge that when the national economic data in aggregate is turning Australia’s way, and it has been in very encouraging, very welcome ways, that doesn’t always immediately translate to how people are feeling or faring in the economy. I think I’ve acknowledged that throughout, certainly today, on multiple occasions. What really matters, once you acknowledge that cost‑of‑living pressure, is to be prepared to do something about it. That’s why our cost‑of‑living help is so important. It’s been meaningful, it’s been substantial, it’s been responsible, and without it, Australians would have been worse off. And that’s what Peter Dutton wanted.

    Journalist:

    Okay, Treasurer, thank you. We’ll now go to the back of the room and I believe Tim Arvier from Channel Nine has the first question.

    Journalist:

    Thank you, Jack. And thank you, Treasurer, and thank you for your kind words about the media club earlier. Can I respond by saying here on Table 21, we wish you all the best with delivering the Budget, because as journos, we empathise with people given sudden and unexpected deadlines. My question, though, is about the Olympics. The federal government’s…

    Chalmers:

    I knew your question was going to be about the Olympics.

    Journalist:

    How did you guess?

    The federal government’s committed $2.5 billion for the Brisbane Live Arena. Will you reconsider that if the Crisafulli government tries to move the location of Brisbane Live Arena? And will you rule out any further funding in the budget or down the line for the Olympics?

    Chalmers:

    First of all, unless something’s happened this morning, my understanding is we haven’t been asked to reconsider the commitment that we’ve made to the arena. I work really closely with Anika, with Catherine King, with Anthony Chisholm, with the whole Cabinet, the whole ministry, to find billions of dollars to contribute to the Olympics, because we think the Olympics are going to be amazing for this part of Australia and for Australia more broadly. We’re very enthusiastically investing not just the 2 and a half big ones for the arena, but also almost another billion dollars for the small venues, too. And that shows a willingness and an enthusiasm on our part to invest in the Olympics.

    I know that there’s a lot of speculation, there’s a lot of conjecture around what the next steps might be. When it comes to the review and the decisions that the state government may or may not make, I see no point really engaging in those kinds of hypotheticals. I see that you report on this very frequently on my TV, and I don’t doubt your sources or your intentions, but what we’ll do is we’ll see what the state government comes out with. Our preference, our intention is to stick to that $3.5 billion that we are providing to the Olympics. And as far as I know, we haven’t been asked to do anything different.

    Journalist:

    So, that decision about that funding you’ll make that when you see the plans come out, is that correct?

    Chalmers:

    It strikes me as a hypothetical that we see, obviously, daily reporting from yourself and others about what may or may not be decided by the state government following the review when they release it. What we do is we work closely with state governments right around Australia, of both political persuasions. We know that there’s a big opportunity to make these Olympics amazing. We’re contributing billions of dollars to that end, and we haven’t been asked to consider any different kinds of plans. If and when that happens, we’ll consider it then.

    Journalist:

    Myself and Sarah Elks here from The Australian have both reported there’s a proposal from the Review Board to move Brisbane live to the GoPrint site at the Gabba. If that happens, will you reconsider your funding?

    Chalmers:

    I think, as I’ve tried to say, probably half a dozen ways. Now, Tim, I’ve seen your reports. I don’t doubt your professionalism or your journalism or Sarah’s. That would be mad to do that, especially here. But we haven’t been approached about any different plans from the state government. We’ll consider that if and when it happens.

    Journalist:

    And just very quickly to finish. Have you been approached by the state government for any further funding? Have they asked you for any more money?

    Chalmers:

    I haven’t.

    Journalist:

    All right, who’s next?

    Journalist:

    G’day, Jack. Treasurer, Harry Clark from Sky News.

    I’m interested to hear a bit more of a breakdown of that $1.2 billion in federal money to recover from Cyclone Alfred. There were a lot of high winds. There was nowhere near the rain that was forecast. There’s a lot of erosion on the Gold Coast and some trees are shredding and some landed on some buildings. But we didn’t see suburbs underwater. And there were no prevailing reports of crops being flattened, unlike up in North Queensland with that big dump of rain they just had. The Bruce Highway Bridge got washed away. Where’s that $1.2 billion being spent? And how does that figure compare to what you’re putting into the recovery in North Queensland?

    Chalmers:

    Thanks, Harry. First of all, we’re still assessing the damage, but I can’t wait for another 2 or 3 or 4 weeks or a couple of months before I put it in the budget. I’ve got to put a number in the Budget a week from today. So we make a sensible provision for the recovery and rebuilding communities. It’s a combination of the hardship payments and the allowance in the social security system with the asks that we get from the state governments and local governments to rebuild local infrastructure, you’d be aware you covered it, I suspect most of you did. On those tables up the back, there’s a whole range of different ways that the Commonwealth and the States work together to rebuild communities. Some of it’s automatic, some of it comes from priority lists provided by the states. We’ve made our best estimate that we can at this point to provision responsibly for those sorts of costs.

    This isn’t the first time we’ve done it, as your question rightly alludes to the fact that we’ve also had the provision for a number of natural disasters in recent times, including what we saw in North Queensland and Far North Queensland not that long ago. There’s about $13.5 billion now provisioned in the budget over the forward estimates for these kinds of purposes.

    If you’ll forgive me one more point about the contrast at the election. You will hear my opposite number and occasionally the Leader of the Opposition sometimes talk about wasteful spending and they use a big number. And the big number that they use includes the money that we have provisioned for natural disasters. They think natural disaster funding, billions of dollars we’re providing in Queensland, NSW and elsewhere is wasteful spending. We take a different view. We will be there for Australians as they rebuild. I understand that your question was based on we didn’t get the worst case scenario, but we still got a lot of substantial damage. We still had people without power for a long time. We’ve had damage to local infrastructure. The damage to our farmers and our producers is still being assessed. So we’ve made a sensible provision because of all of that.

    Journalist:

    Hello, Treasurer. Sarah Elks from The Australian newspaper.

    Chalmers:

    You’ve got to quote Tim in your question because he quoted you in his.

    Journalist:

    I agree with him about sudden and unpredictable deadlines. They’re the bane of every Treasurer and journalist’s existence.

    I wanted to ask about the Albanese government’s previous promise about bringing electricity prices down from 2022 levels. Unfortunately, that did not occur. Can you now make a guarantee that power prices for consumers will come down or will at least remain stable in a second term of an Albanese Labor government?

    Chalmers:

    Well, a couple of things about that, a couple of important points there. And I appreciate your question. First of all, if you look at the inflation numbers for the last year to the end of 2024, what we saw that electricity prices were down a little over 25. Yes, you want to think that that is all the rebate, most of that is the rebate, but they still would have gone down a bit over 1.5 per cent absent the rebate. So in the last year, what we saw was some pretty encouraging outcomes when it came to electricity prices. When it comes to the rebate. I want to shout out Steven and Grace as well for the way that we work together to take some of the edge off electricity bills. We understood that that was a big part of cost‑of‑living pressures. We worked together very effectively in ways that I’m very grateful for, to take some of the edge off those electricity prices.

    We know, as I suspect your question is referring to, we’ve had the default market offer released in recent days, and in some parts of Australia, we are expecting some price pressures. As the independent experts said at the time, that is primarily about the unreliability of the legacy parts of the energy network. What we need to do is we need to make sure that we are introducing cheaper, cleaner, more reliable energy into the system over time, because that’s the only way, over the longer term, that you get that downward pressure on prices.

    The third point I’d make is that if you want lower electricity prices, the dumbest thing that you would do would be commit to nuclear reactors in 15 or 20 years’ time, because that leaves the old unreliable parts of the system in place for longer. It’s the most expensive form of new energy and it will push up electricity prices as well as introduce a whole bunch of uncertainty. Now, to finish on the point you made about the 2022 levels, which I suspect is why you’ve asked for the microphone back, the number that you’re referring to, which we all used on a number of occasions, was a forecast in 2021 about an outcome in 2025. And I think for a lot of the reasons that I’ve run through in my speech today, but also particular to the energy market, there’s been a lot of uncertainty, a lot of volatility between 2021 and 2025. Our responsibility is to first of all understand and accept electricity price is a big part of the pressure on families, on households, on pensioners, to do what we can in the near term, which we have with our energy rebates, and in the longer term with our cleaner and cheaper, more reliable energy. And in that, I would happily stack up our plan against this nuclear insanity any day.

    Journalist:

    And just a follow up, well foreshadowed, given that decision from the AER last week or this week, that power prices or the price cap is due to rise. It sounds like you’re not keen to make another guarantee in the way that you did in the past.

    Will there be further electricity bill relief for consumers in the Budget next Tuesday? You can just give us a little hint. We won’t tell anybody.

    Chalmers:

    I think, as I’ve made pretty clear on a number of occasions now, there are hints in the first 3 budgets. For the government’s fourth budget, I’m obviously not going to commit to another round of energy bill rebates here with you in Brisbane a week out from the Budget. But what I can say is that there will be more cost‑of‑living help in the budget. The form of that will be made clear to you over the course of the next week or so, because we understand that people are still under pressure despite this quite remarkable progress that we’re making together in our economy. So there’ll be cost‑of‑living help. It will be meaningful and substantial and it will be responsible, it will be affordable. We can’t do everything that we would like to do because of the fiscal and other constraints that we have. And there’s always a premium on responsibility, but especially now. But there’ll be cost‑of‑living help. The form of that, you’ll have to tune in a week from now.

    Journalist:

    You won’t guarantee power rebates in the next budget just yet.

    Chalmers:

    I’m not going to do that today, Jack. And I’ll give you the same answer I just gave Sarah. There’ll be cost‑of‑living help in the budget. The form of that will be made clear to people over the course of the next week.

    Journalist:

    Would you like the states, you just spoke about that $1,000 rebate earlier, would you like the states to do more heavy lifting on that front and put more rebates in their budget?

    Chalmers:

    Look, I don’t give the states free advice about the pressures on their budgets or what they might do. I think what I’ve tried to do in couching it in the positive – I’m a positive fellow – is to acknowledge what Steven and Grace did in the former cabinet here in Queensland. I get asked from time to time to have a shot at these guys about the spending in their budget, and I refuse to do that because I think Australians need and deserve help with the cost of living. I think it’s all hands on deck when it comes to that important task. We’ve been prepared to play our part. Steven and the colleagues were prepared to play their part and that’s because we recognise people are under pressure now. There are limits to that. There are fiscal limits to that. We want to make sure that we’re part of the solution when it comes to inflation, not part of the problem. And we’ve demonstrated an ability to do that. I’ll leave the decisions for the state colleagues that they will make around their own cabinet tables.

    Journalist:

    Treasurer, Chris Burns from the Courier Mail. And this is really on the back of Tim’s questions. I feel we need to go back to the Olympics here. You’ve made your position very clear about the amount of funding the government’s willing to put up. However, obviously we’re up in the air waiting for review findings to come out. Would you consider putting more funding in if it was used for generational infrastructure? And the second part of that question is too is it makes it very hard to give an informed answer to that. Why haven’t you been able to see the GIICA Reviews reports yet?

    Chalmers:

    What was the last part of your question again?

    Journalist:

    Let me rephrase that properly, thank you. Why hasn’t the state government briefed you on the findings of a game authority’s final report?

    Chalmers:

    It’s a question for them. I don’t know the answer to that. Anika might have a deeper insight into that or Catherine, we’ll wait for the government to engage us. We’ve indicated a willingness and enthusiasm to work closely with the former government and the current government to deliver an amazing Olympics. When it comes to the first part of your question, I mean the $3.5 billion that we’ve put on the table, it’s hard to find $3.5 billion. There’s not a lot of spare cash lying around. We found $3.5 billion and we did that because the infrastructure that we want to build is generational. It is legacy infrastructure. We don’t want to see a dollar of that 3 and a half go to anything that doesn’t make a lasting contribution to South East Queensland and the Australian community more broadly. We put a lot of work into that commitment. We didn’t just pull that number out of a hat. We did a heap of work. We discussed it a bunch of times around the table at the Expenditure Review Committee and the Cabinet. Again, Anika and Catherine have done most of the work on this with me playing a supportive role. But that’s because we believe in these investments. We believe there’ll be a generational dividend to them.

    Journalist:

    Would you like to see that review soon? They’ve been sitting on for a while.

    Chalmers:

    Ideally, I think we’ve made it really clear, if the state government is contemplating a change in direction, it would be good if they made that clear. We’ve not been approached to change the way that we’re going at it. We’ve put $3.5 billion on the table for good reasons. We’re big believers in the Olympics. We think it’s going to be amazing and we want to get cracking.

    Journalist:

    Can I just follow on from that, though, you say you didn’t pull that $3.5 billion out of a hat. How then are you going to take into account inflation, construction costs? Given the fact that the Olympics are years away, wouldn’t you then account for more money along the way?

    Chalmers:

    Yes, that’s a pretty common feature of budgeting for big infrastructure projects. One of the reasons why there’s a lot of pressure on our budgets collectively is because we have seen a blowout in costs. We try to provision for that and allow for that as responsibly as we can, but that’s not unique to Olympics infrastructure. A lot of the projects we’re building, which have long lead times and long build times, we’ve unfortunately seen a blowout in cost. We try to adapt to that. We try to make room for that and provision for that in our budgets. And that’s the case with the Olympics infrastructure, too.

    Journalist:

    Hi, Treasurer. Joe Hinchliffe from The Guardian. We’re looking at a forecast of a string of deficits as far as the eye can see. With all due respect, how can you prosecute the argument that the Albanese government is a responsible economic manager?

    Chalmers:

    We delivered the first 2 surpluses in almost 2 decades. Our predecessors promised a surplus in their first year and every year thereafter, and went precisely none for 9. We have helped engineer a $200 billion turnaround in the budget, a $200 billion improvement in the budget in nominal terms. That’s the biggest that has ever happened. Even this year, where we will be printing next week, a deficit, that deficit is very substantially smaller than what we inherited when we came to office. And we’ve been able to do all of that, to make all of that progress in the budget at the same time as we provided this cost‑of‑living help invested in the future, invested in the resilience of our economy and one of the dividends of that. We don’t see those 2 surpluses or the smaller deficits as an end in themselves. We see it as a way to avoid interest costs. We see it as a way to make room for other priorities so that we can fund cost‑of‑living help or natural disaster recovery and the like. But we’ve paid down, I think, more than $170 billion in Liberal debt since we came to office. We’ve only been here not even a full term yet, and that’s saving us tens of billions of dollars in debt interest, which we can invest in strengthening Medicare or providing cost‑of‑living help and the like. I think any objective observer of the progress we’ve made in the budget over the last couple of years would recognise and would acknowledge that the way that we’ve managed the budget over the course of the last couple of years has been very responsible in comparison with our predecessors, but responsible in terms of the overall progress that we’ve been able to make.

    Journalist:

    Treasurer, on the back of Harry’s question, before just touching on heavy storms up north, obviously Queensland’s faced 2 disasters recently, but in the Townsville region there are still residents in suburbs impacted by the heavy flooding, loss of clothes, furniture, who do not qualify for Commonwealth funding. What would you say to claims by Coalition MPs that there is a double standard between how the government responded to Tropical Cyclone Alfred compared to funding arrangements for the Townsville region? Is this an example or a case of a South East being preferred to the regions?

    Chalmers:

    No, I don’t believe so. We’ve provided and we are providing very substantial assistance and funding in North Queensland and Far North Queensland. We understand the very serious damage that’s been done up north and we consider the questions around eligibility, the questions around support, the questions about recovery funding and rebuilding communities to be the same whether they happen in Cairns or Townsville or Brisbane or the Gold Coast or in the Northern Rivers in NSW. If there are instances where that support should have been provided and hasn’t, obviously I’m prepared to take that up with the relevant colleagues.

    Journalist:

    Any more?

    Journalist:

    Yes, another one here. Mr Treasurer, you’ve spoken about the global picture and talking about tariffs from the US on aluminium and steel and some of the comments you’ve made on them. Given those tariffs, what value does the US‑Australia Free Trade Agreement still hold? And are you preparing and how are you preparing for the prospect of future tariffs, perhaps in agriculture and other sectors?

    Chalmers:

    First of all, our colleague Don Farrell, the Trade Minister, has been engaging with his counterpart, I think this morning on some of these important questions. Obviously there is more discussion to be had between now and the next deadline and we will make Australia’s case. And a really important part of Australia’s case is the fact that the US enjoys tariff‑free access to our markets because of that Free Trade Agreement. Now, when I engage with my counterpart, when Don does, Penny does, Richard does, the PM does and others – one of the things that we point out is that this has been for a very long time a relationship of mutual economic benefit and the Free Trade Agreement has been part of that. The Americans run a big trade surplus with us. They enjoy tariff free access to our markets. We have a substantial amount of the critical minerals that they’re after. They build the future of their own economy. So we’ve got a compelling story to tell and a good case to make when it comes to these tariffs.

    As I’ve said today, the PM said the other day and other colleagues have said in between, a very disappointing decision from the US not to exempt us on steel and aluminium. The wrong decision, wrong‑headed for all of the reasons that we have made clear. And we will continue to engage between now and the next deadline and after that as well, to make sure that we get the best deal that we can for our workers, our businesses, our industries and our economy.

    Journalist:

    We’ve got time for a couple more. Any more in the back table there, Treasurer?

    Journalist:

    The former Queensland government knew that their hiked coal royalties regime would most likely have an impact on GST and the GST share that Queensland would get. Should they have had a contingency plan in place for this redistribution that we’ve seen announced this week?

    Chalmers:

    First of all, everybody knows that royalty collection has an impact on the calculation made independently and at arm’s length by the Commonwealth. That’s not some kind of revelation. That’s how the system works. What happens is the Commonwealth Grants Commission at arm’s length from the federal government, for good reason, independent from the government, undertakes about 12 months’ worth of consultation with the states and territories. They do multiple rounds of that consultation and people know that when other sources of income go up substantially, then that has implications for the formula. I think everybody has known that for some time now.

    The current Queensland government were clearly expecting that reduction because they booked a big part of it in their mid‑year update and they said at the time that they thought that there were further downside risks to that. And part of the reason for that is because in the relevant period coal royalties went up, I think $8.8 billion from memory. So, none of that is a surprise. And again, I say the same thing I said yesterday when asked about this. You know, it’s not unusual for state treasurers and state governments to want more money from the Commonwealth or from the GST carve, that is states wanting more money from the Commonwealth is a story as old as federation. I continue to deal with Treasurer Janetzki and his colleagues in a respectful way. I understand they’ve got a view about this. But it’s an independent process at arm’s length and it takes into consideration all of the things it’s been taken into consideration for some time, including royalty payments in areas like coal.

    McKay:

    We’ve got time for one more question.

    Journalist:

    We had a few unexpected guests earlier today and they were asking you when will Labor stop approving new coal and gas projects? You want to win a couple of seats from the greens in Brisbane, Griffith and Brisbane. When will Labor stop approving new coal and gas projects?

    Chalmers:

    Well, I don’t think it’s a good idea to reward that kind of behaviour by asking their questions for them. That’s the first point.

    Journalist:

    It’s still a relevant policy question. It’s not like those people were the first people to ask you that question.

    Chalmers:

    I understand. What we have done and what we will continue to do is to make the best decisions that we can for our environment and for our economy, making sure that we balance all of the relevant considerations, environmental considerations, impact on communities, impact on the national economy and what we have shown. And here I tip my lid to Tanya Plibersek and the colleagues. They have been approving heaps of renewable energy projects, I think a record amount of renewable energy projects from memory. What we’re trying to do is to strike the right balance, recognising that we can make ourselves an indispensable part of the global net zero economy at the same time as we leverage some of our traditional strengths. There is a role, for example, for gas in the energy transformation. We’ve been upfront about that as well. We’ll continue to strike the right balance. I know that there’s a range of views at one end and at the other end we are a responsible middle of the road government which takes decisions based on evidence. We approve projects where we can, where they satisfy all of those criteria that I ran through.

    Journalist:

    Treasurer, I’ll just finish up with this one. Federal Labor has gone backwards in terms of the number of seats it holds in Queensland in the last 2 elections. Do you think federal Labor would do better if it had a leader from Queensland?

    Chalmers:

    I think that’s a bit embarrassing to put Anika on the spot like that. No, I think we’re going to put our best foot forward in Queensland and one of the reasons for that is because I genuinely believe that Anthony Albanese has that kind of practical pragmatism that Queenslanders appreciate. Queenslanders are practical people. They’re pragmatic, they’re problem solvers, they’re middle of the road, they’re not especially ideological. I think that’s a description that applies equally to the Prime Minister.

    Given you’ve given me this opportunity, the Prime Minister really enthusiastically believes in the future of our state. He believes in its contribution to the national economy and the nation more broadly. And one of the ways that he has demonstrated that commitment to us is the way that he has promoted and given positions of influence to Queenslanders in our government. We’ve got 4 front benchers. You mentioned unkindly that our numbers were not exactly thick on the ground here in Queensland. But of the people that have been elected from Queensland into the Albanese government – we’ve got 3 Ministers in the cabinet, we’ve got another Minister, we’ve got the speaker of the House, we’ve got a couple of great backbenchers, we’ve got an envoy in Nita Green. We’re short on numbers, but we’re not short on influence. When the time comes for the election campaign and when people are asking, we’re asking for Queenslanders for their vote, I think that they can rest assured that Queensland has a big say in our government, a big say in our policy agenda, a big say around our cabinet table and in all the decision making forums of our government. That’s because Prime Minister Albanese deeply believes in our state, our people, and its potential.

    Journalist:

    So, you don’t have aspirations to become leader one day yourself?

    Chalmers:

    No.

    Journalist:

    All right. Well, thank you very much, Treasurer, for your time today. That brings us to the conclusion of our lunch. Please join me in thanking the Treasurer.

    Chalmers:

    Thanks, Jack. Thanks, everyone.

    MIL OSI News –

    March 19, 2025
  • MIL-OSI Economics: African Development Bank and Germany Sign €18.4 million financing agreement in support of NEPAD-IPPF to boost infrastructure project preparation in…

    Source: African Development Bank Group

    The African Development Bank and Kreditanstalt für Wiederaufbau (KfW), the German state-owned investment and development bank, have signed an agreement for a contribution of €18.4 million to the NEPAD – Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund.

    The funding, which brings KfW’s contribution to NEPAD-IPPF to $58.14 million, will support the facility’s drive to achieve its key priorities including  the second Priority Action Plan under the Programme for Infrastructure Development in Africa (PIDA PAP2)  through 2030. The New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor Special Fund, hosted by the African Development Bank, is a leading project preparation facility in Africa, which plays a catalytic role in providing technical and financial assistance for the preparation of regional infrastructure projects and programs.

    The agreement was signed in Abidjan, Côte d’Ivoire, by Christoph Tiskens, KfW’s Director for Eastern Africa and the African Union, and Mike Salawou, African Development Bank Director for Infrastructure and Urban Development. The signing of the agreement follows the German government’s 2024 announcement of the replenishment.  

    Tiskens commended the achievements of NEPAD-IPPF. He said, “The NEPAD-IPPF Special Fund has had remarkable success throughout the year, demonstrating significant progress in advancing regional infrastructure development in Africa. This replenishment aims to support infrastructure development with a focus on areas such as climate change, gender, Agenda 2063, the African Continental Free Trade Area (AfCFTA), and a stronger focus on attaining the Sustainable Development Goals.” He affirmed the German Government’s commitment to its partnership with the African Development Bank. 

     Salawou said: “This replenishment marks a significant milestone in our long-standing partnership with Germany to advance infrastructure development and financing in Africa.  With this support, NEPAD-IPPF will be better capitalized to scale up and speed up the preparation of transformational cross-border and climate-smart infrastructure projects, ensuring they are bankable and investment ready,”

    He added: “This is an important step in accelerating implementation of the African Continental Free Trade Area (AfCFTA), regional integration, and economic growth. The Bank therefore values this partnership and will continue to strengthen it.”

    MIL OSI Economics –

    March 19, 2025
  • MIL-OSI United Kingdom: Multimillion-pound investment gives rocket boost to South West space sector

    Source: United Kingdom – Executive Government & Departments

    Press release

    Multimillion-pound investment gives rocket boost to South West space sector

    Minister Jones has announced a multimillion-pound investment in Bristol’s space sector from leading German space company OHB.

    • New multimillion-pound investment from leading German space company OHB to support Plan for Change by creating specialist jobs in Bristol.
    • OHB’s UK expansion sees job-boosting new subsidiary at Bristol & Bath Science Park to develop cutting-edge satellite and spacecraft tech.
    • Industry Minister Sarah Jones announces investment in keynote speech at opening of Farnborough International Space Show. 

    The South West will benefit from a multimillion-pound investment from leading German space company OHB, creating up to 50 specialist jobs in Bristol working on satellites and exploration spacecraft, and supporting the government’s Plan for Change in delivering more skilled jobs, higher living standards, and productivity growth in every part of the United Kingdom.

    Industry Minister Sarah Jones will announce the investment in a speech to the Farnborough International Space Show today [19 March], welcoming the news as a major win for the South West’s world-leading aerospace cluster, and the latest vote of confidence in the UK’s investment environment. 

    The Farnborough International Space Show, supported by ADS – the trade association for the UK’s aerospace, defence, security and space sectors – will be a significant event for the space industry, with 50 different countries exhibiting and many high-value commercial deals expected to be signed. 

    OHB’s initial multimillion-pound investment will create a new UK subsidiary based at Bristol and Bath Science Park to develop cutting-edge tech for satellites and spacecraft, and was secured by the Department for Business and Trade working together with the Space West cluster, Invest Bristol & Bath and the UK Space Agency. 

    Industry Minister Sarah Jones is expected to say:

    The UK is open for business, and today’s investment from OHB is a major win for Bristol’s world-leading aerospace and tech industry which will create high-skilled local jobs and ensure the UK remains a partner of choice for space agencies around the world. 

    This is the latest vote of confidence in our Industrial Strategy, which will give our space sector the certainty it needs to stay at the cutting edge of global innovation, driving growth and good jobs across the UK and showing our Plan for Change is working.

    The British space sector generates £18.9 billion each year, supporting over 50,000 jobs, and will be a top priority in the Government’s Industrial Strategy, which has identified advanced manufacturing and digital & technologies as key growth-driving sectors. 

    The UK’s space workforce is also highly qualified and more than twice as productive (2.3x) as the average UK worker, while the global space market is expected to be worth over £1 trillion by 2035, according to the latest figures from global management consultancy McKinsey. 

    OHB CEO Marco Fuchs said:

    I am truly glad that we have finally established a presence in one of Europe’s key space markets. The Bristol region, with its high-tech cluster, provides a great environment for OHB to develop innovative and competitive space products and systems from the UK for the national and European markets.

    West of England Mayor Dan Norris said:

    Today’s announcement means more high skilled jobs for local people – and that’s fantastic news. OHB SE setting up shop in the West of England is a big win for our region and a real rocket boost for our space industry.  

    I’m really proud that they’ve chosen the Bristol & Bath Science Park as their UK base. We’re proving once again that this is the place to be for world-class innovation, job creation, and serious economic growth.

    Kevin Craven, CEO of ADS welcomed the announcement:

    The UK space sector – a jewel in the UK’s advanced manufacturing crown – has seen impressive growth in recent years. The space economy in the UK spans a wide range of capabilities employing around 50,000 people, with strengths in small satellite technology, sustainability, and emerging areas such as in-space manufacturing, artificial intelligence, and quantum computing. 

    Representing more than 500 businesses operating in space, ADS wholeheartedly welcomes the ongoing commitment to developing our sector throughout the country. Space will secure the UK’s domestic, future and technological advantage!

    Background: 

    • For further details on OHB and their UK investment, please contact the company directly at timo.stuffler@ohb.de. 
    • See McKinsey’s full research report on the projected value of the global space economy here: https://www.mckinsey.com/featured-insights/themes/the-space-economy-is-projected-to-reach-1-8-trillion-by-2035.

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    Published 19 March 2025

    MIL OSI United Kingdom –

    March 19, 2025
  • MIL-OSI Submissions: Export growth narrows current account deficit to $5.9 billion – Stats NZ media and information release: Balance of payments and international investment position: December 2024 quarter

    Source: Statistics New Zealand

    Export growth narrows current account deficit to $5.9 billion – 19 March 2025 – The seasonally adjusted current account deficit narrowed to $5.9 billion in the December 2024 quarter, according to figures released by Stats NZ today.

    The current account deficit was $475 million narrower than the previous quarter due to an increase in the value of services exports (up $688 million) and goods exports (up $669 million).

    “Spending by overseas visitors while in New Zealand led the increase in services exports, while dairy and meat led the increase in goods exports,” international accounts spokesperson Viki Ward said.

    Files:

    • Export growth narrows current account deficit to $5.9 billion
    • Balance of payments and international investment position: December 2024 quarter
    • CSV files for download

    MIL OSI –

    March 19, 2025
  • MIL-OSI New Zealand: Export growth narrows current account deficit to $5.9 billion – Stats NZ media and information release: Balance of payments and international investment position: December 2024 quarter

    Source: Statistics New Zealand

    Export growth narrows current account deficit to $5.9 billion – 19 March 2025 – The seasonally adjusted current account deficit narrowed to $5.9 billion in the December 2024 quarter, according to figures released by Stats NZ today.

    The current account deficit was $475 million narrower than the previous quarter due to an increase in the value of services exports (up $688 million) and goods exports (up $669 million).

    “Spending by overseas visitors while in New Zealand led the increase in services exports, while dairy and meat led the increase in goods exports,” international accounts spokesperson Viki Ward said.

    Files:

    MIL OSI New Zealand News –

    March 19, 2025
  • MIL-OSI United Nations: Joint UN meeting tackles small arms control to foster sustainable development

    Source: United Nations MIL OSI

    At the joint session, speakers before two of the UN’s most representative bodies stressed that these weapons have fueled wars, exacerbated humanitarian crises and undermined efforts for peace and stability. The urgency to curb their proliferation, stakeholders noted, has made the search for integrated approaches to disarmament and development ever more critical.

    The session, entitled Small arms and light weapons control for preventing violence and advancing sustainable development, was opened by Philemon Yang, President of the General Assembly.

    Mayhem and ‘the weapon of choice’

    He emphasized that the gathering was not intended to review progress on the Programme of Action to Prevent, Combat and Eradicate the Illicit Trade in Small Arms and Light Weapons, known by the shorthand ‘PoA’, but rather to focus on the destructive impact of illicit flows and misuse of small arms and light weapons on development.

    “Our objective today is to focus on the destructive impact of the illicit flows and misuse of small arms and light weapons on development,” Mr. Yang stated, underscoring the ease with which these arms can be acquired due to their availability and low cost, leading to their misuse by non-state actors and driving instability and conflict worldwide.

    “It is estimated that 580,000 people died violently in 2021, half of them by firearm,” he noted, adding that small arms are the weapon of choice in nearly half of all homicides globally.

    The Assembly President also highlighted the disproportionate impact on women and girls, with estimates indicating that between 70 and 90 per cent of incidents of sexual violence during conflict involve small arms and light weapons.

    “In conflict and post-conflict situations, such as in Haiti, South Sudan, Sudan, and many parts of the Sahel, illicit small arms and light weapons jeopardize peace and sow the seeds of future instability, creating a vicious cycle of violence and conflict that obstructs sustainable development,” he explained.

    Mr. Yang pointed out the economic toll of violence linked to these weapons, which was estimated to have cost the global economy $22.6 billion in 2023. “Imagine what these resources could do if they were deployed towards achieving the Sustainable Development Goals (SDGs),” he urged.

    However, he acknowledged the implementation gaps that hinder the containment of the phenomenon. “We hope that today’s discussion will be an opportunity to revitalize the debate on illicit flows and misuse of small arms and light weapons and their effects on socio-economic development,” he said, calling for collaborative and effective approaches to address the issue.

    Mr. Yang concluded by urging delegations to focus on the dangers to development caused by small arms-related insecurity and excessive military expenditures.

    “Article 26 of the UN Charter calls for the least diversion of the world’s human and economic resources to armaments,” he reminded the joint session, suggesting viable proposals for operationalizing the relationship between disarmament and development.

    Following Mr. Yang’s address, Bob Rae, President of the Economic and Social Council (ECOSOC), emphasized the importance of addressing small arms and light weapons control within the framework of the 2030 Agenda for Sustainable Development, particularly target 16.4 of SDG16, which calls for a significant reduction of illicit financial and arms flows.

    “Despite this commitment, conventional weapons, including small arms and light weapons, continue to fuel conflicts and inflict a significant number of casualties and suffering every year,” Mr. Rae stated.

    United Nations

    Ambassador Bob Rae, President of the Economic and Social Council, addresses a joint meeting on small arms and light weapons control for preventing violence and advancing sustainable development.

    Comprehensive approaches can save lives

    Mr. Rae called for a comprehensive and integrated response to address the adverse consequences of the illicit trade in small arms and light weapons on sustainable development.

    “Addressing the issue of small arms and light weapons comprehensively will not only save lives directly, but also indirectly by channeling resources towards the implementation of the Sustainable Development Goals as well as other basic needs of populations, such as health, education, and housing,” he explained.

    He emphasized the need for efforts to be guided by the principle of leaving no one behind and aligning the priority of gender equality with the goal of reducing arms. 

    Mr. Rae highlighted the importance of consultations with civil society, indigenous peoples, youth, and members of the LGBTQI+ community to ensure a gender-responsive, inclusive, and intersectional approach to disarmament, non-proliferation, and arms control.

    To effectively mainstream gender in the comprehensive response to small arms and light weapons, he outlined several key actions, including improving data collection on violent crime disaggregated by sex, age, and whether a small arm was used; and promoting the full, equal, meaningful, safe, and effective participation of women in technical and policy-related roles.

    “It is of utmost importance that women are fully represented as active participants, and not just victims, in combating the effects of small arms and light weapons and bringing their voices to strengthen decision-making processes,” Mr. Rae emphasized.

    Women’s voices can strengthen action

    He highlighted the need for an integrated response to address the illicit trade and diversion of small arms and light weapons, harnessing synergies with the SDGs and the Convention on the Elimination of All Forms of Discrimination against Women (CEDAW).

    “We must engage a wide variety of national institutions, civil society, academia, and research institutions to address the issue of small arms and light weapons efficiently, impactfully, and comprehensively,” he stated.

    The joint meeting also featured concluding remarks from Adedeji Ebo, Director and Deputy to the UN High Representative for Disarmament Affairs, who highlighted the gathering’s significance in operationalizing commitments from global frameworks, including the small arms and light weapons PoA and the Global Framework for Through-life Conventional Ammunition Management.

    “Today’s discussions clearly underscored why strengthening this link is a priority,” Mr. Ebo stated. He emphasized that small arms and light weapons control is not merely a short-term remedy for public security concerns but a long-term investment in social, political, and economic development.

    “Achieving progress on Goal 16 of the 2030 Agenda for Sustainable Development – namely to reduce illicit arms flows – enables us to make progress on several other Goals, including gender equality, education, healthcare, and environmental sustainability,” he explained.

    Mr. Ebo also outlined several key recommendations from the event, including the need to:

    1. bridge the gap between policy communities at the UN;
    2. integrate small arms and light weapons control measures into national and regional development frameworks; and
    3. facilitate cross-border collaboration through regional approaches.

    “By embedding small arms control in development strategies, we can better address both immediate and long-term peacebuilding priorities, ensuring a more cohesive approach that links disarmament, development, and human security,” he stated.

    He also emphasized the importance of a whole-of-government and human-centered approach at the national level, involving cross-disciplinary working groups and broad partnerships with grassroots organizations and civil society.

    The UN official highlighted initiatives such as the ODA-managed UNSCAR Trust Facility and the Saving Lives Entity (SALIENT), which support small arms control and sustainable development efforts.

    United Nations

    Adedeji Ebo, Director and Deputy to the UN High Representative for Disarmament Affairs, addresses a joint meeting on small arms and light weapons control for preventing violence and advancing sustainable development.

    Mr. Ebo echoed other officials in stressing the need for gender-responsive small arms and light weapons policies, including the integration of disarmament efforts into strategies to prevent gender-based violence and empower women as key actors in arms control processes.

    “It is essential that diverse voices and needs are heard in both disarmament and development discussions,” he stated, calling for inclusive data collection systems and enhanced diversity and inclusion in policymaking processes.

    Mr. Ebo concluded by highlighting the rising global costs of conflict and military expenditures, as spotlighted in the Pact for the Future, adopted by UN Member States this past September and which lays out a vision for multilateral cooperation across key global issues, including peace and security, the SDGs, development finance, governance reform, and climate change, among others.

    He encouraged ECOSOC and the General Assembly to consider convening a dedicated joint meeting to discuss the findings of a study on this issue. “The link between disarmament and sustainable development is undeniable.”

    MIL OSI United Nations News –

    March 19, 2025
  • MIL-OSI Canada: Investing nearly $5B in Alberta’s north

    [. In the province’s latest budget, $4.4 billion is being allocated in operating expenses and $475 million for capital expenses to Alberta’s north region.

    Alberta’s northern communities are vital to the province’s identity, prosperity and success. There is no question, Alberta’s northern communities face unique opportunities and challenges that must be addressed today. Budget 2025, if passed, is meeting the challenges faced by Alberta with continued investments in economic development, education, health, transportation and more.

    Jobs, Economy and Trade:

    If passed, Budget 2025 strengthens northern Alberta’s workforce and regional economies through strategic supports and investments, including $9 million over the next three years through the Northern and Regional Economic Development Program (NRED) and $1.5 million allocated over three years for the Northern Alberta Development Bursary, to attract and retain skilled professionals to grow and diversify northern economies. Alberta’s government is also investing $111 million in affordability and wage-top-up grants to child care operators in northern Alberta so northern families can access quality child care.

    Regarding regional supports, $45 million is being allocated over three years to the Investment and Growth Fund to increase Alberta’s competitiveness and attract investment across the province, including in the north. Budget 2025 invests $3 million in the Alberta Export Expansion Program over three years to enhance access for Alberta-based businesses to international markets for export-ready organizations. Alberta’s government is also investing $235 million in the Alberta Film and Television Tax Credit over the next three years to grow the film and television sector in Alberta, with 30 per cent tax credits available for qualifying northern and rural productions.

    “By driving strategic economic development, attracting investment with a business-friendly environment and empowering our northern workforce, our government is ensuring Alberta’s north remains an economic engine, fueling growth and industry diversification for years to come.”

    Matt Jones, Minister of Jobs, Economy and Trade

    Northern Development:

    Alberta’s government has engaged with business owners, municipalities and economic development organizations from communities across northern Alberta who shared their specific barriers to economic growth, such as workforce retention and attraction, transportation, infrastructure and affordable housing. If passed, Budget 2025 makes important investments to address those challenges and create more opportunities for Albertan workers and business owners based in the north.

    “Northern Alberta has limitless opportunity. Investing in much-needed supports today, like the Northern and Regional Economic Development Program and Northern Alberta Development Bursary, will empower communities to succeed, setting the foundation for northern communities to thrive for generations to come.”

    Tany Yao, parliamentary secretary for small business and northern development

    Education:

    Last fall, Alberta’s government announced a program to accelerate school construction and build new classroom spaces. If passed, Budget 2025 would invest $225 million over three years for school projects across Alberta, including for planning and design of five new school projects in the north. Alberta’s government is investing in Cold Lake, Fairview, Grand Prairie and two schools in Fort McMurray. In Cold Lake, a new school will replace the Art Smith Aviation Academy, North Star Elementary School and Cold Lake Junior High. An addition to the Grande Prairie Composite High School will make room for more students in the community, while families in Fairview can look forward to new schools to replace existing and aging ones. In Fort McMurray, families can look forward to an addition to Holy Trinity Catholic High School and a modernization of École Dickinsfield School which will accommodate growing student populations.

    “Budget 2025, if passed, will provide five new schools and the teachers and staff needed to support them to northern Alberta communities. Alberta’s government remains committed to providing a world-class education to students in every corner of the province.”

    Demetrios Nicolaides, Minister of Education

    Health:

    If passed, Budget 2025 includes $15 million in planning funds for eight new urgent care centres, including in Cold Lake and Fort McMurray. It also includes an increase of $12 million for the existing Rural Remote Northern Program and $12 million annually for physician support programs. Alberta’s government is also upgrading hospitals and facilities across the province and is investing in innovation to make Alberta an in-demand destination for researchers. Capital projects include $80 million over three years for the La Crete Maternity and Community Health Centre, and $18 million over two years to fund furnishings, equipment and IT infrastructure for the new Mountview Health Complex in the town of Beaverlodge, as well as a $170-million capital lease to operate the new facility. Additionally, Budget 2025 includes funding to complete the expansion of the town of Slave Lake’s EMS station.

    “Budget 2025 prioritizes the health of people in northern Alberta with investments in urgent care centres and vital infrastructure upgrades. These initiatives will help strengthen communities, improve access to care and support sustainable growth across the region.”

    Adriana LaGrange, Minister of Health

    Transportation and Economic Corridors:

    If passed, Budget 2025 also includes funding for multiple highways and bridges, with funding already announced earlier this month. Alberta’s northern communities are vital to our province’s identity and success, and that is why Budget 2025 invests $1.25 billion in the north to expand emergency routes in northern Alberta – because when disaster strikes, every second counts.

    “Alberta’s rapid growth demands bold action. That’s why we are making historic investments in transportation and water infrastructure to keep our communities thriving, businesses competitive and families supported. These projects will create jobs, boost trade and ensure Alberta remains the best place to live, work and build a future.”

    Devin Dreeshen, Minister of Transportation and Economic Corridors

    Advanced Education:

    If passed, Budget 2025 also invests $2 million in 2025-26 for the expansion and upgrades of Keyano College in Fort McMurray to provide an enhanced learning environment for in-demand programs like nursing and paramedicine to help address labour needs in Alberta’s health care system. Budget 2025 also invests $1 million towards planning for the skilled trades expansion at Northwestern Polytechnic in Grande Prairie, which will help meet demand for skilled tradespeople to build Alberta’s growing economy. Further, Budget 2025 allocates a total of almost $9 million for capital maintenance and renewal projects at the following northern Alberta post-secondary institutions:

    • Athabasca University
    • Keyano College
    • Lakeland College
    • Northern Lakes College
    • Portage College
    • Northwestern Polytechnic

    “Alberta’s government is ensuring students in northern Alberta and across the province have access to high-quality post-secondary education. That is why we are making significant investments in northern Alberta through Budget 2025 that will upgrade facilities and create more seats in high-demand programs.”

    Rajan Sawhney, Minister of Advanced Education

    Other Supports:

    As extra support for the 2024-2025 Northern and Regional Economic Development (NRED) program, Alberta’s government is pleased to announce an additional $7 million will be allocated towards last year’s grant intake. For 2024-25, NRED will provide over 80 grants worth approximately $10 million.

    “The Northern and Regional Economic Development grant supports business growth in Fort McMurray Wood Buffalo. More than 100 local businesses have benefited from programs funded through this grant so far – and we’re very excited to continue the success in 2025.”

    Melonie Doucette, director of entrepreneurship and innovation, Fort McMurray Wood Buffalo Economic Development and Tourism

    “The 2025 Alberta provincial budget provides continuing support for the work of regional economic development and continues to support the growth of rural Alberta. Investments in infrastructure are key to ensure our commodities move to market and our rural economy continues to grow and provide for the needs of all Albertans today and into the future.”

    Gerald S. Aalbers, mayor, City of Lloydminster and chair, Northeast Alberta Information HUB

    “The province’s investment in northern Alberta is good news for supporting the region’s continued economic growth and acknowledging the unique difficulties of maintaining infrastructure and delivering services in the rural north. Rural Municipalities of Alberta (RMA) is hopeful that government will work with the region’s rural municipalities to ensure the investments are targeted for maximum community and regional benefit.”

    Kara Westerlund, president, RMA

    Through strategic investments in the north, Alberta’s government is tackling challenges head-on, laying the foundation for long-term prosperity and success.

    Budget 2025 is meeting the challenge faced by Alberta communities with continued investments in education and health, lower taxes for families and a focus on the economy.

    Quick facts:

    If passed, Budget 2025 invests:

    • $264 million in new funding for highway projects across northern Alberta, including:
      • Paving Highway 58 to improve mobility for more than 5,500 local residents, boost economic activity and allow unimpeded access for emergency vehicles.
      • Paving Highway 686 between Peerless Lake and Trout Lake and commencing design work to extend the highway from Fort McMurray to Peerless Lake.
      • Detailed design work to improve safety on Highway 28, a critical transportation route serving the Cold Lake oil sands deposits and the Cold Lake 4th Wing Air Base.
    • $225 million over three years for school projects across Alberta, including for planning and design of five new school projects in the north
    • $189 million over three years for the Beaverlodge Health Centre replacement
    • $111 million is being provided for affordability and wage-top-up grants to child care operators in northern Alberta.
    • $101 million over three years to twin Highway 63 North of Fort McMurray
    • $87 million over three years for the La Crete bridge
    • $80 million over three years for the La Crete Maternity and Community Health Centre
    • $2 million in 2025-26 for the expansion and upgrades of Keyano College in Fort McMurray to provide an enhanced learning environment for in-demand programs like nursing and paramedicine to help address labour needs in Alberta’s health care system.

    Related information

    • NRED Program
    • NADB
    • Northern Alberta Development Council (NADC)
    • Film and Television Tax Credit

    Related news

    • Enhancing safety and economic growth in the north (March 4, 2025)
    • Cultivating economic growth in rural Alberta (May 3, 2024)

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

    March 19, 2025
  • MIL-OSI USA: U.S. Files Civil Forfeiture Complaint Against Aircraft Used by Nicolás Maduro Moros in Violation of U.S. Sanctions and Export Control Laws

    Source: US State of California

    Note: View the forfeiture complaint.

    The United States today filed a civil forfeiture complaint in the Southern District of Florida against a Dassault Falcon 900 EX aircraft, bearing tail number T7-ESPRT, which was smuggled from the United States under false pretenses and operated for the benefit of Nicolás Maduro Moros (Maduro) and his representatives in the Bolivarian Republic of Venezuela (the Maduro Regime) in violation of U.S. sanctions and export control laws. The aircraft was seized last year in the Dominican Republic at the request of the United States.

    Today’s filing alleges that the Dassault Falcon 900 EX aircraft was purchased and maintained in violation of U.S. sanctions against Maduro and the Maduro Regime. According to the complaint, the aircraft is forfeitable based on violations of U.S. law, including the International Emergency Economic Powers Act (IEEPA) and money laundering violations.

    Since 2014, the United States has imposed sanctions against targeted individuals, entities, and sectors in Venezuela to address the increasing political oppression and corruption in Venezuela by the Maduro Regime. On March 8, 2015, the President found that the situation in Venezuela constituted an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States and declared a national emergency pursuant to IEEPA to deal with that threat. See Executive Order (E.O.) 13692.

    In 2017, 2018, and 2019, President Trump took additional steps regarding the national emergency declared in E.O. 13692. On Aug. 5, 2019, the President issued E.O. 13884 “in light of the continued usurpation of power by Nicolás Maduro and persons affiliated with him, as well as human rights abuses, including arbitrary or unlawful arrest and detention of Venezuelan citizens, interference with freedom of expression, including for members of the media, and ongoing attempts to undermine Interim President Juan Guaidó and the Venezuelan National Assembly’s exercise of legitimate authority in Venezuela.”

    E.O. 13884 prohibits the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to the order, including the Government of Venezuela and the Maduro Regime; the receipt of any contribution or provision of funds, goods, or services from any such person; and, any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate any of the prohibitions set forth in the order.

    The complaint alleges that on or about Jan. 23, 2023, a company purportedly based in the Caribbean island country of St. Vincent and the Grenadines (Foreign Company 1) entered into a contract to purchase the Dassault Falcon 900 EX aircraft from a company in Florida for $13,250,000. The complaint further alleges that the individual in charge of purchasing the aircraft purportedly on behalf of Foreign Company 1 was a Venezuelan national (Foreign Principal 1), who concealed the fact that he was representing or associated with the Maduro Regime.

    The complaint further alleges that Foreign Company 1 merely acted as a nominee owner of the Dassault Falcon 900 EX aircraft as it was formed shortly before the purchase, in June 2022, and was struck from the register of St. Vincent companies for failure to pay annual fees two years later, in May 2024.

    The complaint further alleges that funds used to purchase the Dassault Falcon 900EX aircraft were sent via multiple wire transfers from different countries, including Malaysia, using both U.S. dollars and euros, and that Foreign Company 1 used an email address with a “.ae” domain from the United Arab Emirates to correspond with the Florida-based seller even though Foreign Company 1’s representatives allegedly had Spanish names and some of the emails contained the phrase “Enviado desde mi iPhone,” or Spanish for “Sent from my iPhone.”

    The complaint further alleges that the Dassault Falcon 900 EX aircraft was flown from the United States to St. Vincent on or about April 3, 2023, and approximately five hours later, it departed for Caracas, Venezuela, piloted by two members of the Venezuelan Presidential Honor Guard, and accompanied by a second aircraft that operates out of a Venezuelan military base.

    The complaint further alleges that, since May 2023, the Dassault Falcon 900 EX aircraft has flown to and from Venezuela at least 21 times and Maduro has been seen traveling with the aircraft on official visits to other countries, including for a December 2023 prisoner exchange with the United States.

    As alleged, in March 2024, the Dassault Falcon 900 EX aircraft was flown to the Dominican Republic for service and maintenance where Foreign Company 1 held itself out to be the owner, concealing from the Dominican-based jet maintenance company that the aircraft had been purchased and operated for benefit of the Maduro Regime.

    The complaint further alleges that on at least two occasions in May 2024, Foreign Principal 1, purportedly acting on behalf of Foreign Company 1, and other Venezuelan individuals, including military personnel, attempted to retrieve the Dassault Falcon aircraft from the Dominican Republic.

    Following the attempts by the Venezuelan individuals to retrieve the Dassault Falcon 900 EX aircraft, the U.S. government obtained a seizure warrant and requested that the Dominican Republic seize, detain, and transfer the Dassault Falcon aircraft. Pursuant to U.S. request, the aircraft was transported back to the United States on Sept. 2, 2024. That same day, the Maduro Regime issued a statement admitting the Dassault Falcon aircraft “has been used by” Maduro.

    A second Dassault Falcon aircraft identified by the Treasury Department’s Office of Foreign Assets Control (OFAC) as blocked property of Petroleos de Venezuela, S.A. (PdVSA), the sanctioned Venezuelan state-owned oil and natural-gas company, and illegally serviced and maintained in violation of U.S. sanctions, also was seized in the Dominican Republic at the request of the United States government on Feb. 6, 2025.

    The Department of Commerce Bureau of Industry and Security Miami Field Office is investigating the case, along with the Department of Homeland Security, Homeland Security Investigations (HSI) Santo Domingo.

    Assistant U.S. Attorneys Joshua Paster and Jorge Delgado for the Southern District of Florida and Trial Attorney Ahmed Almudallal of the National Security Division’s Counterintelligence and Export Control Section are handling the matter.

    The Justice Department’s Office of International Affairs and HSI El Dorado Task Force Miami provided significant assistance in working with authorities in the Dominican Republic. The United States thanks the Dominican Republic for its assistance in this matter.

    MIL OSI USA News –

    March 19, 2025
  • MIL-OSI Europe: Answer to a written question – Recycling policy for lithium-ion batteries – E-002700/2024(ASW)

    Source: European Parliament

    The Commission acknowledges the importance of recycling of lithium-ion batteries. It has approved two Important Projects of Common European Interest[1] (IPCEI) on batteries, with one of the workstreams fully dedicated to repurposing, recycling and refining.

    These IPCEIs have secured EUR 6.1 billion in funding and will unlock up to EUR 14 billion of additional private investments.

    The Commission has also established the co-programmed partnership on battery research and innovation called ‘BATT4EU’ under Horizon Europe[2], which covers the full value chain and, so far, EUR 115 million[3] are going into innovative recycling and circularity projects.

    The latest Innovation Fund[4] call launched in December 2024 supports with EUR 1 billion electric vehicle battery cell manufacturing projects. Recycling activities can be integrated into projects eligible under this call.

    The Commission is committed to ensuring a skilled workforce for the recycling industry. The Battery Academy[5], established in 2022 by EIT InnoEnergy[6] with the support of the Commission, is providing training for the battery industry, and the planned EU Academies under the Net-Zero Industry Act[7] will provide reskilling and upskilling opportunities.

    The Batteries Regulation[8] provides incentives for the development of the recycling industry by introducing targets on recycling, material recovery and recycled content.

    Under the Critical Raw Materials Act[9], the Commission will identify as strategic projects those which will enhance the European raw material value chain, including recycling, and contributing to reaching the benchmark of 25% EU recycling capacity.

    The Commission with Member States and financial institutions will work on providing additional support measures.

    • [1] A two-part IPCEI has been implemented to promote battery production: the IPCEI on Batteries and the IPCEI European Battery Innovation (EuBatIn). https://www.ipcei-batteries.eu/
    • [2] https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe_en
    • [3] This is around 19% of the presently allocated budget.
    • [4] https://climate.ec.europa.eu/eu-action/eu-funding-climate-action/innovation-fund_en
    • [5] https://www.eba250.com/eba-academy/?cn-reloaded=1
    • [6] EIT InnoEnergy is part of the European Institute of Innovation and Technology (EIT).
    • [7] Regulation (EU) 2024/1735 of the European Parliament and of the Council of 13 June 2024 on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724, OJ L, 2024/1735, 28.6.2024, p. 1.
    • [8] Regulation (EU) 2023/1542 of the European Parliament and of the Council of 12 July 2023 concerning batteries and waste batteries, amending Directive 2008/98/EC and Regulation (EU) 2019/1020 and repealing Directive 2006/66/EC, OJ L 191, 28.7.2023, p. 1.
    • [9] Regulation (EU) 2024/1252 of the European Parliament and of the Council of 11 April 2024 establishing a framework for ensuring a secure and sustainable supply of critical raw materials and amending Regulations (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1724 and (EU) 2019/1020, OJ L, 2024/1252, 3.5.2024, p. 1.

    MIL OSI Europe News –

    March 19, 2025
  • MIL-OSI Europe: EU Fact Sheets – The European Union and the World Trade Organisation – 03-02-2024

    Source: European Parliament

    The World Trade Organisation (WTO) works to guarantee a rules-based international trading system. Despite the impasse in trade negotiations, ways to modernise WTO rules and address new global challenges are being explored. In February 2017, the entry into force of the Trade Facilitation Agreement brought about new developments in WTO trade rules. Under the Lisbon Treaty, Parliament legislates jointly with the Council and has an important scrutiny role on international trade policy.

    MIL OSI Europe News –

    March 19, 2025
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