Category: Trade

  • MIL-OSI Africa: A New Dawn for African Sports: Unlocking Transformational Investment in Community Sports Infrastructure

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

    LAGOS, Nigeria, March 4, 2025/APO Group/ —

    The Sports Africa Investment Summit 2025 has marked a pivotal moment in Africa’s journey toward sports industrialisation and economic transformation. Over two electrifying days in Lagos, the summit, hosted by Sport Nigeria Ltd/Gte (www.SportNigeria.ng) in partnership with the Office of the Presidency and the National Sports Commission, brought together a powerful coalition of stakeholders—government representatives, UNESCO, AFREXIM Bank, Development Finance Institutions (DFIs), investors, and sports industry leaders—all united by a shared vision: to unlock the immense potential of sports as a driver of economic growth, job creation, and community development across Africa. 

    At the heart of this historic gathering was the signing of a groundbreaking technical agreement between the Abia State Government and Sport Nigeria Ltd/Gte, paving the way for Africa’s first-ever Sports Special Economic Zone (SSEZ). This visionary initiative will transform Abia State into a global hub for sports goods manufacturing, leveraging Aba’s legendary craftsmanship, entrepreneurial spirit, and industrial excellence. Aligned with Nigeria’s Industrial Revolution Plan (NIRP) and the African Continental Free Trade Area (AfCFTA), the SSEZ is poised to become a beacon of innovation, trade, and industrialisation, creating thousands of jobs and empowering local businesses. 

    According to Hon. Nwaobilor Ananaba, Commissioner for Sports, Abia State, “The Special Sports Economic Zone is a game-changer for Abia State and Nigeria at large. Under the visionary leadership of His Excellency, Dr. Alex Otti, OFR we are committed to driving a collective agenda that will transform Abia into the premier hub for sports goods manufacturing and infrastructure development. This project is a bold step toward job creation, youth empowerment, and economic diversification, and we will work tirelessly to ensure its full realisation with our partners, Sports Nigeria.” 

    The summit’s robust discussions underscored the pressing need for innovative financing models, capacity-building initiatives, and diaspora engagement to sustain long-term development. According to Mr. Chinedum Chijioke, Chair of the Abia State Investment Office, “The signing of this agreement marks the beginning of a transformative journey to attract global investments and build an ecosystem where sports, commerce, and industry thrive together. We are dedicated to fostering strategic partnerships that will actualise this vision and create lasting economic impact.” 

    The summit also saw the formal launch of Spaces 4 Sports, Sport Nigeria’s flagship initiative designed to address Africa’s sports infrastructure deficit at the grassroots level. This cluster-based model will integrate community sports hubs across the continent, providing accessible facilities that encourage mass participation in sports, particularly within the education sector. By embedding sports into daily life, Spaces 4 Sports aims to achieve a 50% increase in mass sports participation, enhance youth engagement, and accelerate progress toward the Sustainable Development Goals (SDGs) and Africa Union Agenda 2063, using sports as a catalyst for education, health, and gender inclusivity. 

    The message from the summit was clear: Africa’s sports economy is ready to take off, but it will require bold investments, visionary leadership, and strategic partnerships to realise its full potential. This point was emphasised by Ms. Nkechi Obi, CEO of Sport Nigeria Ltd, “Sports is more than entertainment—it’s an industry, a business, and a force for economic transformation. Abia’s Sports Special Economic Zone is the first of its kind, but it won’t be the last. We are setting a precedent that others will follow.” 

    The private sector has a critical role to play in bridging the infrastructure gap and unlocking the industry’s potential. With sports serving as a multi-billion-dollar industry globally, Africa is uniquely positioned to harness its youthful population, raw talent, and market demand. Strategic investment in sports infrastructure will not only drive economic growth but also create employment, boost tourism, and elevate Africa’s global sporting competitiveness. 

    Mr. Yahaya Maikori, Vice Chairman of Sport Nigeria, notes that “We don’t need more talk—we need action. This SSEZ is our action plan. The world is watching, and investors are ready. Now is the time.” 

    The foundation has been laid. The partnerships are forming. Now is the time for investors, DFIs, and Africa-focused development organisations to step forward and seize this unprecedented opportunity. The future of African sports is not on the sidelines—it’s in the factories, the training centers, the research labs, and the boardrooms. 

    The call to action is clear: Invest in Africa’s sports future. Build the infrastructure. Empower the youth. Transform communities. Together, we can change the game. 

    MIL OSI Africa

  • MIL-OSI: IDEX Biometrics receives purchase order for biometric payment cards to Japan

    Source: GlobeNewswire (MIL-OSI)

    Oslo, Norway – IDEX Biometrics has received a production order from the manufacturing partner Beautiful Card Corporation (BCC). The order has a value of approx. USD 50,000 and is the first of a larger biometric payment card program issued across both Mastercard and Visa for the Japanese market.

    “BCC is a clear front-runner, with a commitment to bring biometric smart cards to customers and partners world-wide, for payment and access cards. As IDEX and BCC already have material ready for production, we have been able to respond to our partners’ imminent implementation program”, comments Catharina Eklof, Chief Executive Officer at IDEX Biometrics.

    For further information contact:
    Marianne Bøe, Head of Investor Relations, + 47 91800186
    Kristian Flaten, CFO, +47 95092322
    E-mail:ir@idexbiometrics.com

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.
    For more information, please visit www.idexbiometrics.com

    Trademark Statement
    IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.

    About this notice:
    This notice discloses inside information pursuant to the EU Market Abuse Regulation and was issued by Marianne Bøe, Head of Investor Relations, on 04 March 2025 at 08:12 CET on behalf of IDEX Biometrics ASA. The notice is published in accordance with section 5-12 the Norwegian Securities Trading Act.

    The MIL Network

  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Proceeds with Tariffs on Imports from Canada and Mexico

    US Senate News:

    Source: The White House
    SAFEGUARDING THE NATION: President Donald J. Trump is proceeding with implementing tariffs on Canada and Mexico under the International Emergency Economic Powers Act (IEEPA) to combat the extraordinary threat to U.S. national security, including our public health posed by unchecked drug trafficking.
    While President Trump gave both Canada and Mexico ample opportunity to curb the dangerous cartel activity and influx of lethal drugs flowing into our country, they have failed to adequately address the situation.
    The flow of contraband drugs like fentanyl into the United States, through illicit distribution networks, has created a national emergency, including a public health crisis.
    Mexican drug trafficking organizations, the world’s leading fentanyl traffickers, operate unhindered due to an intolerable relationship with the government of Mexico.
    The government of Mexico has afforded safe havens for the cartels to engage in the manufacturing and transportation of dangerous narcotics, which collectively have led to the overdose deaths of hundreds of thousands of American victims.
    Mexican drug cartels are known for extreme brutality, corruption, and control over entire regions of Mexico.
    The Sinaloa and Jalisco cartels manufacture fentanyl in clandestine labs they oversee in Mexico, in both powder form and pressed into fake pills, and traffic it into the United States through the many entry points they control. 97% of seizures occur at the U.S.-Mexico border.
    Cartel violence, including armed drones and roadside IEDs, are coming in closer and closer proximity to the U.S.-Mexico border as cartels are more actively targeting one another as well as Mexican military and law enforcement personnel.
    This alliance with the Mexican government endangers the national security of the United States, and we must eradicate the influence of these dangerous cartels.

    There is also a growing presence of Mexican cartels operating fentanyl and nitazene synthesis labs in Canada. 
    A recent study recognized Canada’s heightened domestic production of fentanyl, and its growing footprint within international narcotics distribution.
    Canada-based drug trafficking organizations maintain robust “super labs,” mostly in rural and dense areas in western Canada, some of which can produce 44 to 66 pounds of fentanyl weekly.
    Last year’s northern border fentanyl seizures, though smaller than Mexico’s, could kill 9.5 million Americans due to the drug’s potency—proof of Canada’s growing role in this crisis.
    Fentanyl seizures at the northern border in the first four months of this fiscal year are quickly closing in on what was seized the entirety of  fiscal year 2022.

    Both nations’ failure to arrest traffickers, seize drugs, or coordinate with U.S. law enforcement constitutes an unusual and extraordinary threat to America’s security—demanding IEEPA action to force accountability and protect American lives.
    PRESIDENT TRUMP IS KEEPING HIS PROMISE TO STOP THE FLOOD OF ILLEGAL ALIENS AND DRUGS: When voters overwhelmingly elected Donald J. Trump as President, they gave him a mandate to seal the border. That is exactly what he is doing.
    The Biden Administration’s policies fueled the worst border crisis in U.S. history.
    More than 10 million illegal aliens attempted to enter the United States under Biden’s leadership.
    This problem is not confined to the southern border—encounters at the northern border with Canada are rising as well.
    The sustained influx of illegal aliens has profound consequences on every aspect of our national life—overwhelming our schools, lowering our wages, reducing our housing supply and raising rents, overcrowding our hospitals, draining our welfare system, and causing crime.  
    Gang members, smugglers, human traffickers, and illegal drugs and narcotics of all kinds are pouring across our borders and into our communities. 
    Last fiscal year, Customs and Border Protection (CBP) apprehended more than 21,000 pounds of fentanyl at our borders, enough fentanyl to kill more than 4 billion people.
    Since 2023, the Drug Enforcement Administration (DEA) has seized more than 25,697 kilograms of fentanyl pills and more than 7,272 kilograms of fentanyl powder at the southern border, and more than 659 kilograms of fentanyl pills and more than 650 kilograms of fentanyl powder at the northern border.
    From 2021 to present, fentanyl has been the leading cause of drug overdose deaths in the U.S., followed by methamphetamine, cocaine, and heroin in that order.
    According to the CDC, 68 percent of all drug poisoning deaths in 2022 and 2023—216,294 total—were caused by synthetic opioids, primarily fentanyl.
    It is estimated that federal officials are only able to seize a fraction of the fentanyl smuggled across the southern border.  
    More Americans are dying from fentanyl overdoses each year than the number of American lives lost in the entirety of the Vietnam War.

    BUILDING ON PAST SUCCESS: President Trump continues to demonstrate his commitment to ensuring U.S. trade policy serves the national interest.
    As President Trump said in the Presidential Memorandum on American First Trade Policy, trade policy is a critical component in national security.
    President Trump promised in November to “sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders. This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”
    During his first term as President of the United States, President Trump established the President’s Commission on Combating Drug Addiction and the Opioid Crisis and declared the Opioid Crisis a public health emergency.
    President Trump also has a long record of putting America first on trade. In his first term, President Trump successfully used threats of tariffs on Mexico to help secure our border.
    When our national security was threatened by a global oversupply of steel and aluminum, President Trump took swift action to protect America’s national security by implementing tariffs on imports of these goods.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response

    Source: Republic of China Taiwan

    Details
    2025-02-24
    President Lai meets Japanese House of Representatives Member Tamaki Yuichiro
    On the afternoon of February 24, President Lai Ching-te met with Japanese House of Representatives Member Tamaki Yuichiro. In remarks, President Lai noted that Taiwan and Japan are important trading partners. The president expressed hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones and build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. A translation of President Lai’s remarks follows: I would like to start by warmly welcoming Representative Tamaki on his first trip to Taiwan. Now is a key moment for the cooperative ties between Taiwan and Japan, and the fact that Representative Tamaki has chosen to take time out of his busy schedule to make this trip demonstrates his especially meaningful support for Taiwan. For this I want to express my deepest gratitude. At the beginning of this month, Japan and the United States held a summit meeting. In the post-summit joint leaders’ statement the government of Japan reiterated the importance of maintaining peace and stability across the Taiwan Strait, opposed any attempts to unilaterally change the status quo by force or coercion, and expressed support for Taiwan’s meaningful participation in international organizations. I would like to thank the government of Japan for these statements. Taiwan and Japan are both responsible members of the international community. I welcome an even firmer friendship between Japan and the US and hope to see cooperation among Taiwan, Japan, and the US become a solid force in consolidating peace and stability in the Indo-Pacific region. In addition to complex international conditions, we now also face the threat of China’s red supply chain. More and more countries are becoming increasingly concerned about such issues as economic security and supply chain resilience. As authoritarianism consolidates, democratic nations must also come closer in solidarity. Taiwan and Japan are important trading partners. I hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones, and that we can build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. Lastly, I would like once again to welcome Representative Tamaki to Taiwan and wish him a successful visit. I hope he departs Taiwan with a deep impression and that he will visit again. Representative Tamaki then delivered remarks, noting that this was his first visit to Taiwan and thanking President Lai and officials of the Taiwan government for their warm welcome. Pointing out that Taiwan-Japan ties are closer than ever thanks to the major efforts made on this front by President Lai since taking office, Representative Tamaki expressed his admiration and gratitude. Representative Tamaki pointed out that in a changing global landscape, Taiwan, Japan, and the Indo-Pacific region all face major changes, but he firmly believes that Taiwan-Japan relations will develop even further. Recalling President Lai’s previous remarks, the representative said that Japan and the US recently held a summit meeting that yielded important results. In the joint leaders’ statement, he noted, the two sides made a clear commitment regarding peace and stability across the Taiwan Strait and firmly opposed any attempts to unilaterally change the status quo by force or coercion. Representative Tamaki said that the ruling Liberal Democratic Party and the Komeito did not win a majority in last year’s House of Representatives general elections, while the number of seats held by his own Democratic Party for the People quadrupled. This result, he said, has filled him with a feeling of great responsibility. Moving forward, he intends to continue promoting Taiwan-Japan cooperation and strengthening relations. Also in attendance at the meeting was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-02-21
    President Lai meets Abe Akie, wife of late Prime Minister Abe Shinzo of Japan
    On the morning of February 21, President Lai Ching-te met with Abe Akie, the wife of late Prime Minister Abe Shinzo of Japan. In remarks, President Lai thanked Mrs. Abe for carrying on the legacy of former Prime Minister Abe, being a benevolent and determined force for regional peace and prosperity, and calling on all parties to continue to place attention on peace in the Taiwan Strait. The president stated that Taiwan will carry on the legacy and spirit of former President Lee Teng-hui and former Prime Minister Abe, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. A translation of President Lai’s remarks follows: Last May, Mrs. Abe came to Taiwan to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao, and we reminisced about the past here at the Presidential Office. I would like to warmly welcome her back today. I am also delighted to be meeting with all guests in attendance. Yesterday, Mrs. Abe and I attended the opening of the very first Halifax Taipei forum, for which Mrs. Abe also delivered a keynote speech earlier today. In her speech, she offered valuable input on global security and democratic development. I would like to thank Mrs. Abe for making this special trip to Taiwan to take part, showing her strong support for Taiwan. Former Prime Minister Abe pioneered the vision of a free and open Indo-Pacific, and called on the international community to pay attention to peace and stability in the Taiwan Strait and Indo-Pacific. These have become common strategic goals of democratic countries around the world and will have a far-reaching influence over international developments and Taiwan’s security. They were important contributions that former Prime Minister Abe made in regard to the Taiwan Strait and the Indo-Pacific region. Recently, current Prime Minister of Japan Ishiba Shigeru and United States President Donald Trump held a meeting and jointly reiterated the importance of peace and stability across the Taiwan Strait, as well as opposed unilateral changes to the status quo by force or coercion. They also expressed support for Taiwan’s participation in international organizations. This shows that Prime Minister Ishiba is furthering the legacy of former Prime Minister Abe. We are very grateful for the former prime minister’s friendship toward Taiwan, and to Mrs. Abe for carrying on his legacy. Mrs. Abe is a benevolent and determined force for regional peace and prosperity, and has called on all parties at numerous public venues to continue to place attention on peace in the Taiwan Strait. Last December, for instance, she traveled at the invitation of President Trump and his wife to the US, where she addressed cross-strait issues and spoke up for Taiwan. We were deeply moved by this. As authoritarian states continue to expand, Taiwan will keep working alongside like-minded nations such as Japan and the US, as well as the European Union, to jointly contribute to regional and global peace and prosperity. I look forward to continued advancement of regional peace and prosperity with the help of Mrs. Abe’s efforts. Mrs. Abe will also be meeting with daughter of former President Lee and Lee Teng-hui Foundation Chairperson Annie Lee (李安妮) tomorrow. Former President Lee and former Prime Minister Abe were both fully devoted to promoting Taiwan-Japan relations. We will carry on their legacy and spirit, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. In closing, I wish you all a smooth and successful visit. Mrs. Abe then delivered remarks, first expressing her sincere thanks to President Lai for taking the time to meet. She said that former Prime Minister Abe hailed from Yamaguchi Prefecture, and that accompanying her that day were House of Councillors Member Kitamura Tsuneo, Yamaguchi Prefecture Governor Muraoka Tsugumasa, Yamaguchi Prefectural Assembly Deputy Speaker Shimata Noriaki, and many other important figures from Yamaguchi. If former Prime Minister Abe’s spirit could look upon this scene, she said, he would certainly be very pleased. Mrs. Abe recalled that when the former prime minister passed away, then-Vice President Lai traveled to their official residence to express his condolences and pay tribute. She said that she will never forget such a gesture of deep friendship, heartfelt condolences, and care. The year before last, she indicated, a memorial photo exhibition for former Prime Minister Abe was held in Taiwan, and many Taiwanese people from all walks of life came to view it. Last year, Mrs. Abe continued, she had the privilege of attending President Lai’s inauguration ceremony, where she met with many friends from Taiwan and personally felt the close and beautiful ties that Taiwan and Japan share. Mrs. Abe stated that she will carry out the wishes of former Prime Minister Abe and do her utmost to help raise Taiwan-Japan relations to new heights, saying that she looks forward to hearing the advice that President Lai and all those present have to offer. The delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-02-20
    President Lai attends opening of 2025 Halifax Taipei forum
    On the afternoon of February 20, President Lai Ching-te attended the opening of the 2025 Halifax Taipei forum. In remarks, President Lai thanked the Halifax International Security Forum for their strong support for Taiwan, and for having chosen Taiwan as the first location outside North America to hold a forum. Noting that we face a complex global landscape, the president called on the international community to take action. He said that as authoritarianism consolidates, democratic nations must also come closer in solidarity, and called on the international community to create non-red global supply chains, as well as unite to usher in peace. President Lai emphasized that Taiwan will work toward maintaining peace and stability in the Taiwan Strait, and collaborate with democratic partners to form a global alliance for the AI chip industry and together greet a bright, new era. A transcript of President Lai’s remarks follows: To begin, I want to give a warm welcome to all the distinguished guests here at the very first Halifax Taipei forum. The Halifax International Security Forum, held every year in Canada, has been an important gathering for freedom-loving nations worldwide. I would like to thank Halifax and President [Peter] Van Praagh for their strong support for Taiwan. Every year since 2018, Taiwan has been invited to participate in the forum. Last year, former President Tsai Ing-wen was invited to speak, and this year, Halifax has chosen Taiwan as the first location outside North America to hold a forum. As President Van Praagh has said, “While the security challenges ahead are too big for any single country to solve alone, there is no challenge that can’t be met when the world’s democracies work together.” Today, we have world leaders and experts who traveled from afar to be here, showing that they value and support Taiwan. It demonstrates solidarity among democracies and the determination to take on challenges as one. I would like to express my gratitude and admiration to all of you for serving as defenders of freedom. At this very moment, Russia’s invasion of Ukraine is still ongoing. Authoritarian regimes including China, Russia, North Korea, and Iran continue to consolidate. China is hurting economies around the world through its dumping practices. We face grave challenges to global economic order, democracy, freedom, peace, and stability. Taiwan holds a key position on the first island chain, directly facing an authoritarian threat. But we will not be intimidated. We will stand firm and safeguard our national sovereignty, maintain our free and democratic way of life, and uphold peace and stability across the Taiwan Strait. Taiwan cherishes peace, but we also have no delusions about peace. We will uphold the spirit of peace through strength, using concrete actions to build a stronger Taiwan and bolster the free and democratic community. I sincerely thank the international community for continuing to attach importance to the situation in the Taiwan Strait. Recently, US President Donald Trump and Japan’s Prime Minister Ishiba Shigeru issued a joint leaders’ statement expressing their firm support for peace and stability across the Taiwan Strait, and for Taiwan’s participation in international affairs. As we face a complex global landscape, I call on the international community to take the following actions: First, as authoritarianism consolidates, democratic nations must also come closer in solidarity. Just a few days ago, the top diplomats of the US, Japan, and South Korea held talks, underlining the importance of maintaining peace and stability across the Taiwan Strait. They also conveyed their stance against “any effort to destabilize democratic institutions, economic independence, and global security.” On these issues, Taiwan will also continue to contribute its utmost. I recently announced that we will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP.  Soon after I assumed office last year, I formed the Whole-of-Society Defense Resilience Committee at the Presidential Office. This committee aims to combine the strengths of government and civil society to enhance our resilience in national defense, economic livelihoods, disaster prevention, and democracy. We will also deepen our strategic partnerships in the democratic community to mutually increase defense resilience, demonstrate deterrence, and achieve our goal of peace throughout the world. Second, let’s create non-red global supply chains.  For the democratic community to deter the expansion of authoritarianism, it must have strong technological capabilities. These can serve as the backbone of national defense, promote industrial development, and enhance economic resilience. So, in addressing China’s red supply chain and the impact of its dumping, Taiwan is willing and able to work with global democracies to maintain the technological strengths among our partners and build resilient non-red supply chains. As a major semiconductor manufacturing nation, Taiwan will introduce an initiative on semiconductor supply chain partnerships for global democracies. We will collaborate with our democratic partners to form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. The achievements of today’s semiconductor industry in Taiwan can be attributed to our collective efforts. Government, industry, academia, and research institutions had to overcome various challenges over the last 50 years for us to secure this position.  We hope Taiwan can serve as a base for linking the capabilities of our democratic partners so that each can play a suitable role in the semiconductor industry chain and develop its own strengths, deepening our mutually beneficial cooperation in technology. This benefits all of us. Moreover, it allows us to further enhance deterrence and maintain global security. Third, let’s unite to usher in peace. China has not stopped intimidating Taiwan politically and militarily. Last year, China launched several large-scale military exercises in the Taiwan Strait. Its escalation of gray-zone aggression now poses a grave threat to the peace and stability of the Indo-Pacific region. As a responsible member of the international community, Taiwan will maintain the status quo. We will not seek conflict. Rather, we are willing to engage in dialogue with China, under the principles of parity and dignity, and work toward maintaining peace and stability in the Taiwan Strait. As the agenda of this forum suggests, democracy and freedom create more than just opportunities; they also bring resilience, justice, partnerships, and security. Taiwan will continue working alongside its democratic partners to greet a bright, new era. Once again, a warm welcome to all of you. I wish this forum every success. Thank you. Also in attendance at the event were Mrs. Abe Akie, wife of the late former Prime Minister Abe Shinzo of Japan, and Halifax International Security Forum President Van Praagh.

    Details
    2025-02-18
    President Lai meets British-Taiwanese All-Party Parliamentary Group delegation
    On the morning of February 18, President Lai Ching-te met with a delegation from the British-Taiwanese All-Party Parliamentary Group (APPG). In remarks, President Lai thanked the delegation members, the Parliament of the United Kingdom, and the UK government for continuing to demonstrate support for Taiwan through a variety of means. He also stated that Taiwan-UK relations have advanced significantly in recent years, noting that the Taiwan-UK Enhanced Trade Partnership (ETP) is the first institutionalized economic and trade framework signed between Taiwan and any European country. The president said he looks forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability, and indicated that together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. A translation of President Lai’s remarks follows: This is the first UK parliamentary delegation of the current session to visit Taiwan. On behalf of the people of Taiwan, I extend my sincerest welcome to you all. APPG Chair Sarah Champion visited Taiwan last May to attend the inauguration ceremony of myself and Vice President Bi-khim Hsiao. In July, she also attended the annual summit of the Inter-Parliamentary Alliance on China (IPAC), which was held in Taipei. I am delighted that we are meeting once again. Taiwan-UK relations have advanced significantly in recent years. I would especially like to thank our distinguished guests, as well as the UK Parliament and government, for continuing to demonstrate support for Taiwan through a variety of means. For example, the House of Commons held a debate on Taiwan’s international status last November. After the debate, a motion was unanimously passed affirming that United Nations General Assembly (UNGA) Resolution 2758 does not mention Taiwan. Responding to the motion, Parliamentary Under-Secretary of State Catherine West stated that the UK opposes any attempt to broaden the interpretation of the resolution to rewrite history. This highlighted concrete progress in Taiwan-UK bilateral relations. I would also like to thank the UK Parliament and government for openly opposing on multiple occasions any unilateral change to the status quo across the Taiwan Strait, and for emphasizing that the security of the Indo-Pacific and transatlantic regions is closely intertwined. We look forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability. Together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. For example, the Taiwan-UK ETP is the first institutionalized economic and trade framework signed between Taiwan and any European country. We hope to swiftly conclude negotiations on signing sub-arrangements on investment, digital trade, and energy and net-zero transition. This will facilitate even more exchanges and cooperation between Taiwan and the UK. We also hope that the UK will continue to support Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Together, we can build even more resilient global supply chains and further contribute to global prosperity and development. I believe that this visit adds to a strong and solid foundation for future Taiwan-UK cooperation. Thank you once again for backing Taiwan. I wish you a fruitful and successful visit. Chair Champion then delivered remarks, thanking President Lai for his warm welcome and for the hospitality he has shown to her and the delegation, and thanking Taiwan’s excellent team of officials for their care and attention. Chair Champion expressed that she thinks the IPAC conference held in Taiwan at the end of July last year was very significant, with legislators from 23 countries coming to show support for Taiwan, adding that that is something they have built on since the conference. She stated that she is also very proud that the UK Parliament supported the motion which made very clear that UNGA Resolution 2758 is specific to China and only to China, expressing that it was important and powerful that they recognize that. The chair went on to say that after the UK’s general election, more than half of the members of parliament are now new. She said she is very proud that there are new MPs as part of the delegation, and that she hopes it gives President Lai reassurance that their commitment to Taiwan is still there.  Chair Champion emphasized that the all-party group is important because it is indeed all-party, and that they work together for their common interests, stating that the common interest for the UK and for the world is to maintain Taiwan’s sovereignty. She also noted that the United States has now come out very much in support of Taiwan, which she said she hopes encourages other countries around the world to do the same. Chair Champion said that the UK will be going into the 27th trade negotiation with Taiwan, and that they hope the partnership that develops is very fruitful. The chair closed by saying that it is wonderful for the delegation to be meeting President Lai, as well as legislators and ministers, and to be understanding more about the culture of Taiwan so that they can build a deeper, longer-lasting friendship. The delegation also included Lord Purvis of Tweed of the House of Lords and Members of Parliament Ben Spencer, Helena Dollimore, Noah Law, and David Reed. The delegation was accompanied to the Presidential Office by Political and Communications Director at the British Office in Taipei Natasha Harrington.  

    Details
    2025-02-17
    President Lai meets former United States Deputy National Security Advisor Matthew Pottinger
    On the morning of February 17, President Lai Ching-te met with a delegation led by former United States Deputy National Security Advisor Matthew Pottinger. In remarks, President Lai thanked the delegation for demonstrating staunch support for Taiwan through their visit. The president pointed out that increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. He emphasized that only by bolstering our defense capabilities can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. The president stated that moving forward, Taiwan will continue to enhance its self-defense capabilities. He also expressed hope of strengthening the Taiwan-US partnership and jointly building secure and resilient non-red supply chains so as to ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. A translation of President Lai’s remarks follows: I am delighted to welcome our good friends Mr. Pottinger and retired US Rear Admiral Mr. Mark Montgomery to Taiwan once again. Last June, Mr. Pottinger and Mr. Ivan Kanapathy came to Taiwan to launch their new book The Boiling Moat. During that visit, they also visited the Presidential Office. We held an extensive exchange of views on Taiwan-US relations and regional affairs right here in the Taiwan Heritage Room. Now, as we meet again eight months later, I am pleased to learn that Mr. Kanapathy is now serving on the White House National Security Council. The Mandarin translation of The Boiling Moat is also due to be released in Taiwan very soon. This book offers insightful observations from US experts regarding US-China-Taiwan relations and valuable advice for the strengthening of Taiwan’s national defense, security, and overall resilience. I am sure that Taiwanese readers will benefit greatly from it. I understand that this is Mr. Montgomery’s fourth visit to Taiwan and that he has long paid close attention to Taiwan-related issues. I look forward to an in-depth discussion with our two friends on the future direction of Taiwan-US relations and cooperation. Increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. One notion we all share is peace through strength. That is, only by bolstering our defense capabilities and fortifying our defenses can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. Moving forward, Taiwan will continue to enhance its self-defense capabilities. We also hope to strengthen the Taiwan-US partnership in such fields as security, trade and the economy, and energy. In addition, we will advance cooperation in critical and innovative technologies and jointly build secure and resilient non-red supply chains. This will ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. We believe that closer Taiwan-US exchanges and cooperation not only benefit national security and development but also align with the common economic interests of Taiwan and the US. I want to thank Mr. Pottinger and Mr. Montgomery once again for visiting and for continuing to advance Taiwan-US exchanges, demonstrating staunch support for Taiwan. Let us continue to work together to deepen Taiwan-US relations. I wish you a smooth and fruitful visit.  Mr. Pottinger then delivered remarks, first congratulating President Lai on his one-year election anniversary and on the state of the economy, which, he added, is doing quite well. Mentioning President Lai’s recent statement pledging to increase Taiwan’s defense budget to above 3 percent of GDP, Mr. Pottinger said he thinks that the benchmark is equal to what the US spends on its defense and that it is a good starting point for both countries to build deterrence. Echoing the president’s earlier remarks, Mr. Pottinger said that peace through strength is the right path for the US and for Taiwan right now at a moment when autocratic, aggressive governments are on the march. He then paraphrased the words of former US President George Washington in his first inaugural address, saying that the best way to keep the peace is to be prepared at all times for war, which captures the meaning of peace through strength. In closing, he said he looks forward to exchanging views with President Lai.

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: Albanese Government backs maritime skills and training

    Source: Australian Ministers 1

    The Albanese Labor Government is investing $16.9 million to support skills and training in the maritime industry. 

    A new maritime skills and training initiative will give up to 20 trainee seafarers each year, for four years, access to berths to complete sea time required for international certification.

    This will support the Government’s maritime Strategic Fleet and the broader industry.

    $2.5 million will also flow to the Transport and Logistics Jobs and Skills Council (JSC) to address training barriers, and ultimately Australia’s maritime skills shortage.

    The JSC’s 2024 Maritime Workforce Plan confirmed that access to training berths is a major issue, with lacking coordination across industry and training providers resulting in sea time not being effectively accessed and utilised.

    Today’s announcement directly responds to recommendations identified by both the Maritime Workforce Plan and Strategic Fleet Taskforce Final Report, and will also support the implementation and long-term sustainability of a maritime Strategic Fleet.

    The Government released the Strategic Fleet Taskforce Final Report in November 2023, before undertaking targeted consultation with vessel operators and unions.

    We are now moving ahead with delivering on the report’s recommendations. 

    Late last year, the Strategic Fleet Pilot tender closed and proposals are now being evaluated as part of a competitive, open and transparent procurement process.

    The Government also appointed Ms Lynelle Briggs and Prof Nicholas Gaskell to co-chair reviews of the Shipping Registration Act 1981 and Coastal Trading (Revitalising Australian Shipping) Act 2012 to support the long-term sustainability of Australia’s maritime industry and Strategic Fleet, which are now underway.

    Meanwhile, the Australian Maritime Safety Authority is collaborating with the Fair Work Ombudsman to address wage theft issues aboard foreign-flagged vessels operating under the Coastal Trading Act, signing an updated Memorandum of Understanding earlier this year.

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

    “Our investment in a new skills and training program will give trainee seafarers vital access to berths onboard vessels – including those under contract to the Australian Government – needed to meet their international certification. 

    “Not only will this be welcome news for vocational and tertiary level qualified seafarers in need of sea time, it will also support the vessels offering the training berths.

    “This is yet another demonstration of our Government’s commitment to investing in a sustainable maritime industry, one with the skills needed to thrive into the future.”

    Quotes attributable to Skills and Training Minister Andrew Giles:

    “The maritime industry is so important to the Australian economy, so it is critical that we have the skilled seafarers to keep it afloat.

    “We’ve recently established a Maritime Skills Network, bringing together government, industry and unions, to come up with solutions to challenges in the sector and this announcement will go a long way towards workforce shortage concerns.

    “This program will ensure a pipeline of trained Australian seafarers over the coming years that can fill critical functions such as harbour masters, marine pilots and regulatory roles protecting our environment and the safety of vessels operating in our waters.”

    MIL OSI News

  • MIL-Evening Report: Tech companies’ proposed new safety codes won’t protect all kids online

    Source: The Conversation (Au and NZ) – By Toby Murray, Professor of Cybersecurity, School of Computing and Information Systems, The University of Melbourne

    Ludovic Toinel/Unsplash

    In July last year, Australia’s eSafety Commissioner, Julie Inman Grant, directed tech companies to develop codes of practice to keep children safe from online porn and harmful content. Now, after seven months, the industry has submitted draft codes to eSafety for approval.

    eSafety is currently assessing the draft codes.

    Assuming Grant approves the new codes, what can we expect the future to look like for children and teens online? And how effective will the proposed codes be at protecting children?

    A coordinated approach

    The codes submitted for approval were developed by a group of industry associations.

    They cover social media platforms such as Facebook and Snapchat. But they also cover internet service providers, search engines such as Google, online messaging services such as WhatsApp, online gaming platforms, as well as the manufacturers of the computers, mobile phones and software we use to access online services.

    The codes will also cover online app stores such as those operated by Apple and Google. However, app store codes aren’t expected to be released until late March.

    As well as covering a range of companies, the codes also cover a range of harms. They aim to protect kids not only from online pornography but also content that promotes self-harm, eating disorders, suicide and violence.

    Given the difficulty of protecting kids from this kind of content, this coordinated approach is absolutely essential.

    If the draft codes are approved, companies will have six months to implement the proposed safety measures. They will face fines of up to A$50 million for non-compliance.

    What’s in store?

    The draft codes are broken up across different parts of the tech ecosystem. The requirements they place on individual tech platforms depend on the danger harmful content on each platform poses to children.

    Large social media platforms such as Facebook, Instagram and X (formerly Twitter) are likely to be categorised among the most dangerous. That’s because it’s possible for users to access extremely harmful content such as child sexual abuse or terrorist material on these platforms. Plus, these platforms serve millions of people and also allow users to create public profiles, maintain “friend” lists, and share content widely.

    According to the draft codes, these platforms will need to implement the most stringent safety measures. These include using age-assurance measures to prevent children under the minimum age allowed to access the service from doing so, having an appropriately resourced trust and safety team, and using automated systems to detect and remove child abuse and pro-terror material.

    On the other hand, less risky platforms won’t be subject to any requirements under the draft codes. These include online platforms that allow only limited communication within a specific group of people and without social media features such as friends lists and public profiles. Platforms for communication within a primary school such as Compass would be among the least risky.

    Online search engines such as Google and Bing – which provide access to adult and self-harm content, but are legitimately used by children – will be required to implement appropriate measures to prevent children accessing that content.

    This may include enabling safe-search features and establishing child-user accounts. These accounts would include features that automatically blur harmful content and filter such content from search results and recommendation algorithms

    The codes also cover emerging harmful technology, such as deepfake porn apps powered by generative artificial intelligence. Like traditional porn sites, these will be required to implement age-assurance technology to prevent children using these services.

    What about age assurance?

    The codes specifically define what age-assurance measures are considered “appropriate”.

    Importantly, just because an age-checking system can be bypassed doesn’t disqualify it. Instead, age assurance measures must include “reasonable steps” to ensure someone is of age, while balancing privacy concerns.

    Requiring users to self-declare their age is not appropriate. So expect to see porn sites do away with click-through dialogs asking visitors to declare they are really adults.

    Instead, sites will have a range of options for assuring their users’ ages, including photo ID, estimating age based on facial images or video, having a parent attest to a child’s age, leveraging credit card checks, or AI-based methods for age inference.

    Different measures are likely to be used by different companies and systems.

    For example, Apple has already announced a range of new child safety measures that appear to align with many parts of the draft codes. These include making it easier for parents to set up child safety features on kids’ iPads and iPhones, using a parent’s payment information to ensure they can safely attest to their child’s age, as well as app store integration of child safety features to enable app developers to make their apps safer for children.

    On the other hand, adult sites and apps are likely to adopt age-assurance mechanisms that users perceive to be more private. For paying subscribers, they are likely to leverage the credit information already stored to assure the users’ age.

    Non-subscribers may instead be required to submit to a facial scan or other AI-based methods to estimate their age.

    Publicly available data on state-of-the-art systems for age estimation from facial images suggests the best systems have an average error of 3.7 years.

    Whether eSafety will agree such technology is “appropriate” remains to be seen. However, if it is adopted, there is a real risk many teens will remain able to access online porn and harmful deepfake apps despite these new codes.

    Toby Murray receives funding from Google. He is director of the Defence Science Institute, which receives funding from Victorian and Tasmanian state governments, and from the Commonwealth Department of Defence.

    ref. Tech companies’ proposed new safety codes won’t protect all kids online – https://theconversation.com/tech-companies-proposed-new-safety-codes-wont-protect-all-kids-online-251266

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: The US and UK have decimated their aid spending. Australia has a unique opportunity to help fill the vacuum

    Source: The Conversation (Au and NZ) – By Melissa Conley Tyler, Honorary Fellow, Asia Institute, The University of Melbourne

    Hard on the heels of Donald Trump’s dismantling of USAID, the United Kingdom has ripped more than A$12 billion (£6 billion) from its foreign assistance budget.

    The double hit from two of the globe’s biggest contributors to international development has been branded a betrayal of poorer countries that will cost lives.

    What does this mean for Australia as we head towards the federal election?

    Australia is different

    Australia’s aid context is strikingly different.

    International development is deeply integrated in the Department of Foreign Affairs and Trade (DFAT) and can’t easily be pulled apart. There is no separate aid agency to target.

    Recent experience also reminds us why it is unwise to cut overseas assistance. When the Abbott government made major cuts to development spending, other actors including China quickly filled the vacuum throughout the Pacific.

    Most importantly, more than 20 of Australia’s regional neighbours are developing countries. This means an adequate overseas aid budget is non-negotiable if we want to exert influence throughout the region.

    At a minimum, both the Labor Party and the Coalition should commit to maintaining current levels of development assistance.

    If you want to see how every dollar of Australia’s overseas aid is being spent, you can visit the transparency portal on the DFAT website. The portal outlines each investment, which includes peace building in Sri Lanka, countering people trafficking in Vietnam, preventing foot and mouth disease in Indonesia, and disaster preparedness across the Pacific.

    This is cost-effective spending: dealing with the aftermath of a crisis is massively more expensive than the relatively small outlays needed to prevent them from happening in the first place. By way of contrast, the budget for defence is $48 billion each year compared to less than $5 billion for preventive spending on development.

    New opportunities

    Initial reaction to the severe foreign aid cuts focused on how China and Russia could benefit from the void left by Washington and London. But it is now being recognised that their shortsightedness may provide a golden geopolitical opportunity for Australia.

    It is an opportunity that could be seized upon by whoever wins the election.

    Think back to the Boxing Day tsunami, when John Howard’s response transformed the relationship with Indonesia and led to the formation of the Quad grouping.

    When the US withdrew from the Trans-Pacific Partnership Agreement in 2017, Japan stepped up and showed the leadership needed to conclude negotiations. With Australia’s support, the deal went ahead and is now one of the largest free-trade agreements in the world. Major achievements can still be made even without the involvement of the US.

    We are now faced with a similar moment. While Australia cannot compete with the scale of US and UK international development, there is much it can do across the region and throughout the broader global system.

    What Australia can do

    If Australia was to think big, it would announce that it will elevate funding for overseas aid from its current level of 0.68% of the federal budget to 1% over the next two to three years.

    This would generate positive worldwide coverage and differentiate Australia for a relatively small investment. John Howard, Kevin Rudd and Julia Gillard were all able to keep the international development budget at more than 1%, so it’s not impossible.

    There is a perception that a much larger slice of the budget pie currently goes to development assistance. The average Australian believes we spend 14% of the budget helping out our neighbours. In reality the outlay is less than 70 cents per $100.

    Even a smaller increase for emergency funding could be very meaningful. The impact of the US 90-day pause on foreign assistance has been immediate, with charities and contractors left with no income and forced to let staff go and shutter offices. There is a real risk some international aid charities won’t survive the freeze. Emergency funding is needed to stave off collapse and stop the loss of specialist skills.

    At the global level, Australia could help to maintain the essential humanitarian work of organisations like the World Food Programme, UNAIDS, UNHCR and the World Health Organisation, which may face existential funding crises.

    Australia’s national interest

    Australia’s security, stability and prosperity depend on both the region and cultivating wider relationships.

    We could use this moment to partner with critical countries in the Pacific and South East Asia to preserve the programs most at risk. Australia could also build deeper relationships with other donors like Japan, South Korea, India, Indonesia, Canada, and EU members and institutions.

    There are many competing priorities in the budget process, so foreign aid is never an easy sell. But there will be international praise for Australian leadership, including from the US and the UK, if Australian aid helps maintain Western presence in key geopolitical arenas. It would be a diplomatic win and very much in Australia’s interest.

    Now is the time for Australia to announce the steps it will take to preserve and even increase development aid as one of the key tools of statecraft to create a world that Australians want to live in.

    Melissa Conley Tyler is Executive Director at the Asia-Pacific Development, Diplomacy & Defence Dialogue (AP4D), an initiative funded by the foreign affairs and defence portfolios and hosted by the Australian Council for International Development..

    ref. The US and UK have decimated their aid spending. Australia has a unique opportunity to help fill the vacuum – https://theconversation.com/the-us-and-uk-have-decimated-their-aid-spending-australia-has-a-unique-opportunity-to-help-fill-the-vacuum-251156

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Billionaire entrepreneurs can make for bold businesses but often with fewer checks and balances

    Source: The Conversation (Au and NZ) – By Claire Wright, Lecturer, University of Technology Sydney, University of Technology Sydney

    Richard White, head of WiseTech Global, is the latest of a small number of charismatic business founders to have captured the public and corporate imagination.

    The businessman is synonymous with one of Australia’s most successful technology companies, worth more than A$32 billion. He has a public image of being a prodigy entrepreneur, committed to innovative software for the logistics industry.

    Mixing pleasure with business

    Last October, White stepped down as chief executive amid a series of allegations about his personal and professional life.

    While WiseTech’s board held an independent investigation, White was retained as a full-time consultant. The review later cleared him of wrongdoing.

    But last week, further allegations threw the board into disarray. Trading was halted and four independent directors – including the chair – resigned citing “intractable differences” and “differing views around the ongoing role of … Richard White”.

    Allegations against White included financially supporting two women in return for sexual favours. He was also accused of selling millions of dollars worth of shares during a blackout period. White has strongly denied any wrongdoing.

    Claims like this would normally end a corporate leader’s career. But by Wednesday, White had been promoted. He currently holds 37% of WiseTech stock, and is the executive chair.

    Although the market is divided, most industry experts are relieved the founder will retain control. Many believe White to be the only person who can successfully run the company.

    WiseTech’s challenge now lies with ensuring appropriate governance, given White’s ownership and management of the company and his role on the board.

    Normally, company directors protect shareholders by independently overseeing management. While executive directors like White are common, they are usually in the minority. Close ties between the board and management can present a conflict of interest for shareholders.

    Charismatic business moguls

    Charismatic entrepreneurs like Richard White are unusual. They are often found in family companies, such as those headed by Rupert Murdoch (News Corp), the late Kerry Packer (Consolidated Press) and Gina Rinehart (Hancock Prospecting).

    Although such entrepreneurs help maintain a long-term, intergenerational vision for a company, their unrestricted power has presented some unique challenges.

    There has often been opaque succession planning, with the family head remaining at the helm long after a standard retirement age.

    This has fostered bitter rivalries among descendants. The current Murdoch succession feud is such an example.

    Corporate raiders and the 1980s

    The 1980s corporate environment reminds us of the risks WiseTech faces by integrating its ownership, management and governance functions. The decade was typified by high-profile “corporate raiders”, who created businesses by acquiring minority but controlling interest (more than 15%, less than 50%) in an array of unrelated companies.

    Acquiring companies with dated management, underperforming assets and undervalued stock, raiders argued shareholders would benefit through transferable management skills and unrelated diversification.

    For example, in January 1986, Ron Brierley’s Industrial Equity bid for a minority holding of North Broken Hill. It argued that demerging the income streams of silver, lead and zinc mining would eliminate superfluous costs and deliver a more flexible risk profile.

    Following a takeover, corporate raiders appointed insiders to the board of the target company, potentially removing a level of accountability. They replaced genuinely independent directors with executives from elsewhere in the business. The ownership structure meant existing directors could do little to prevent this.

    Raising the risk levels

    Once they were appointed, raiders reportedly “harangued” remaining independent board members to support risky activities that redirected resources to the dominant company.

    With their critical mass of board votes, most raiders ignored promised operational improvements. Instead, profit was increasingly derived from share trades and cross-dividends.

    For example, after AdSteam, the logistics and industrial conglomerate, took over David Jones Ltd, half the dividend paid by the retailer in a given year went to AdSteam, as investment income. This income then allowed AdSteam to pay a higher dividend to their major shareholder, David Jones.

    Although the market rewarded this in the short term, it increased the companies’ debt load, and diminished their capacity to operate their core businesses.

    Lack of accountability

    The public image of corporate raiders in the 80s encouraged passivity from shareholders, financial media and auditors.

    Journalists actively supported corporate raiding. Business Review Weekly argued the Elders-IXL merger was “a victory for the smart, fast-moving, MBA-style business breed over the entrenched traditionalist”.

    The public mythology of corporate raiders continued, even after the group structures began to falter in the late 80s.

    When Bond Corp was questioned about its expansionary operations following the October 1987 crash, reporters were satisfied with vague statements about the company’s “solid cash flow” to see it through difficult times.

    However, AdSteam was ultimately described as a “humiliation” for the accounting profession, with the untangling of records beyond virtually everyone.

    As late as 1989 the media acknowledged the “complexity” of Adsteam’s intersecting shareholding, yet believed the leadership team’s accounting was sound.

    Conflicts of interest were catastrophic for diversified business groups. The October 1987 global stock market crash prompted foreign banks to withdraw from Australia, local banks to tighten credit and higher interest rates.

    This triggered a collapse in stock prices. Investment income, once the source of extraordinary profits, was soon responsible for the downward spiral of balance sheets. Bond announced a $1 billion loss in October 1989, the largest in Australia’s history. Elders-IXL was restructured as the Foster’s Group in 1990. Bell Group and AdSteam collapsed in 1991.

    What now for WiseTech?

    WiseTech appears to have returned to business as usual. White’s image as the only person capable of running the business remains strong. However, this case highlights the potential risks associated with a person’s position as major shareholder and executive chair.

    Claire Wright does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Billionaire entrepreneurs can make for bold businesses but often with fewer checks and balances – https://theconversation.com/billionaire-entrepreneurs-can-make-for-bold-businesses-but-often-with-fewer-checks-and-balances-250927

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: President Lai attends ceremony marking 78th anniversary of 228 Incident

    Source: Republic of China Taiwan

    Details
    2024-12-10
    President Lai attends 2024 Asia Democracy and Human Rights Award ceremony
    On the morning of December 10, President Lai Ching-te presented the 2024 Asia Democracy and Human Rights Award to Bangladesh-based human rights organization Odhikar. In his remarks, President Lai recognized Odhikar’s dedication to promoting the human and political rights of the citizens of Bangladesh and courageously forging ahead in the pursuit of democracy and human rights. The president emphasized that defending democracy requires all the strength we can muster. He stated that the government of Taiwan will continue its efforts to strengthen Taiwan’s ability to defend democracy, and deepen partnerships with various countries to make global democracy more resilient. A translation of President Lai’s remarks follows: First, on behalf of the people of Taiwan, I want to offer sincere congratulations to Bangladesh-based human rights organization Odhikar, winner of the 2024 Asia Democracy and Human Rights Award. The Taiwan Foundation for Democracy (TFD) upholds that in Taiwan, human rights are a pillar of the nation. The TFD established the Asia Democracy and Human Rights Award in 2006, and thanks to the leadership of its successive chairmen and presidents, this award has now become one of Asia’s highest honors. And under the leadership of Chairman Han Kuo-yu (韓國瑜), it will continue to strengthen Taiwan’s links with the world. This award recognizes individuals or groups that have promoted democracy and defended human rights in Asia, and also conveys the values that Taiwan upholds. Recipients of this award, just like Odhikar, have fought valiantly for freedom and human rights. Since its founding in 1994, Odhikar has been dedicated to promoting the human and political rights of the citizens of Bangladesh. The organization not only provides oversight and promotes accountability, but also publishes an annual human rights report that exposes neglected human rights abuses, so that unjust practices hidden in darkness can be brought to light. Members of Odhikar’s team have long faced severe difficulties while conducting human rights work, including harassment, imprisonment, and surveillance. Nevertheless, all have maintained an indomitable fighting spirit, courageously forging ahead in the pursuit of democracy and human rights, which is truly admirable. Taiwan, like Bangladesh, has experienced the suppression and coercion of authoritarian rule. But thanks to the dedication of many democracy activists and defenders of human rights, the people of Taiwan now enjoy a free and democratic way of life, and can use their ballots to determine the future of their own country. Taiwan is now a vibrant democratic society on the frontline of the defense of democracy. In recent years, disinformation and cognitive warfare have become challenges for all democracies. Through the Global Cooperation and Training Framework (GCTF), Taiwan has continuously expanded cooperation with various partner countries, exchanging experiences and strategies to counter disinformation. In September this year, for example, a GCTF overseas workshop was held in Lithuania for the first time, exploring how to deal with foreign information manipulation and interference during elections. Looking ahead, the government of Taiwan will continue its efforts to strengthen our ability to defend democracy, and deepen our partnerships with various countries to make global democracy more resilient. I also want to emphasize that defending democracy requires all the strength we can muster. So today, on Human Rights Day, I am honored to congratulate Odhikar in person, and thank you all for sharing your ideas and experiences with Taiwan’s society to forge an even greater force for progress. I look forward to a world with more civil society organizations like Odhikar to strengthen the bulwarks of freedom and human rights, and I firmly believe that into the future, your courageous convictions will be carried forward here in Taiwan. Let’s continue our efforts. Members of the foreign diplomatic corps stationed in Taiwan were also in attendance at the event.

    Details
    2024-05-10
    President Tsai attends 2024 Human Rights Press Awards ceremony
    On the evening of May 10, President Tsai Ing-wen attended the 2024 Human Rights Press Awards ceremony. In her remarks, President Tsai thanked the media for reporting on and bringing awareness to many important human rights issues. The president stated that Taiwan remains committed to advancing human rights. In 2019, she said, Taiwan became the first Asian country to legalize same-sex marriage, and in the following year, we established the National Human Rights Commission to better monitor and secure human rights protections at home. The president also stated that in 2022, Taiwan rolled out our first National Human Rights Action Plan, and in February, the Executive Yuan passed the UN International Convention for the Protection of All Persons from Enforced Disappearance, marking another major milestone for Taiwan’s human rights development, achieved by our people and government working together. President Tsai stated that Taiwan now is rated as one of the freest countries when it comes to press freedom, and is an important hub for international media. This growing presence of international journalists, she said, is evidence that Taiwan is a country where transparency, freedom of expression, and easy access to information are ensured. The president said she is looking forward to Taiwan continuing to be the home for free press in Asia, and that Taiwan will continue to stand up for democracy, freedom, and human rights, and endeavor to build a world where all can live in dignity. A transcript of President Tsai’s remarks follows: It is my pleasure to join you all today at this important awards ceremony to congratulate the recipients of the Human Rights Press Awards. I am also happy about the fact that this event is being held in Taiwan for the very first time.  Your presence here is testament to Taiwan’s hard work on safeguarding media freedom and human rights. This event is also a demonstration to the world just how deeply Taiwan values these important pillars of democracy. I would like to thank the organizers of this event: Human Rights Watch, the Walter Cronkite School of Journalism and Mass Communication at Arizona State University, the foreign correspondents’ clubs of Taiwan and Thailand, and the Reynolds Center for Business Journalism. I applaud you for taking up this important mission of maintaining this award at a time when journalists are under unprecedented pressure and repression in carrying out their duties.  Tonight, I want to congratulate the recipients of the Human Rights Press Awards.  Congratulations to you all, and thank you for reporting on, and bringing awareness to many important human rights issues.  This includes the persecution of religious minorities in Myanmar, the rising number of suicides among Afghan women living under Taliban rule, and the Chinese government’s treatment of White Paper protesters, who stood up against COVID-19 lockdowns.  In an era of rising authoritarianism, with an increasing number of autocratic leaders and disinformation campaigns, your role as journalists in exposing the truth is more critical than ever. And through a variety of forms, such as writing, photography, video, audio, and multimedia, your courage and effort not only inspire us. You also help raise awareness in the international community, and prompt us to take action to tackle these pressing human rights issues. More importantly, by exposing injustices, you give hope to those whose stories that you told.  In Taiwan, we experienced the injustices of authoritarian rule, under nearly four decades of martial law. Some even sacrificed their lives for media freedom. Through our hard work, Taiwan now is rated as one of the freest countries when it comes to press freedom. In Freedom House’s report on Freedom in the World this year, Taiwan scored 94 out of 100. Under the Civil Liberties category, Taiwan received a perfect score for Freedom of Expression and Belief. Our news media is described as “generally free, reflecting a diversity of views and reporting aggressively on government policies.” Of course, in a critical way. According to the Economist Intelligence Unit’s Democracy Index 2023, Taiwan ranked 10th in the world and first in Asia, and was one of only 24 countries in the world evaluated as a “full democracy.” And, in this year’s World Press Freedom Index by Reporters Without Borders, Taiwan ranked 27th in the world, rising eight spots from last year. Despite these achievements, in recent years, there have been authoritarian forces targeting the freedom we have worked so hard to achieve. We found that there are constant attempts from authoritarian forces to influence our media environment. There are also well-funded, large-scale disinformation campaigns making extensive use of internal and external propaganda to influence Taiwan’s democracy. The freedoms enjoyed by Taiwanese citizens on the internet, media, and social media are now being utilized to erode Taiwan’s democracy.  Eleven years in a row, Taiwan has exceeded every other country in the world, on the amount of false information disseminated within its borders by other governments, according to the research by V-Dem. There are several goals of such campaigns. They want to further polarize our society, pitting citizens against one another. They also want to erode trust in democratic institutions and government officials. They aggressively promote the narrative that democracy is chaotic and inefficient. Such disinformation campaigns have become one of the most difficult challenges for democracies like Taiwan. Moreover, the rise of AI has benefited all of us. On the other hand, this rise has also allowed disinformation to be generated and distributed at an unprecedented rate. This makes deterring it much more difficult. This also makes defending our right to know the facts all the more important.  A democracy has limited means to deal with disinformation campaigns. This is out of the concern of causing harm to freedom of speech, if measures are taken to limit, restrict, or control the free flow of information. In Taiwan, in order to counter disinformation campaigns, we encourage all parts of our society to act together. As timeliness and transparency are keys to an effective defense against disinformation, the Taiwanese government holds news briefings and releases real-time official clarifications on a regular basis. Taiwan’s vibrant civil society also contributes quite a lot to combat disinformation. Some publish thoroughly researched and detailed reports on disinformation campaigns. They also identify playbooks on authoritarian information manipulation. This is accompanied by media literacy lesson plans and offering education to citizens. The civil tech community has also developed chatbots for chat applications to make fact-checking much easier.  Other than countering information warfare from authoritarian regimes, Taiwan remains committed to advancing human rights. In 2019, we became the first Asian country to legalize same-sex marriage. The following year, we established the National Human Rights Commission to better monitor and secure human rights protections at home. And in 2022, we rolled out our first National Human Rights Action Plan, with the aim of continually improving human rights standards. Although Taiwan is not a member of the United Nations (UN), we have voluntarily incorporated six international covenants on human rights into domestic law, and issued national reports on their implementation.  In February, the Executive Yuan passed the UN International Convention for the Protection of All Persons from Enforced Disappearance. This marked another major milestone for Taiwan’s human rights development, achieved by our people and government working together. As the result of our work on safeguarding freedom, Taiwan is now an important hub for international media. In recent years, we have received increasing numbers of resident correspondents and visiting journalists from international media agencies. As of last month, Taiwan is home to 176 correspondents from 86 media outlets originating in 22 countries – this is roughly double the figure from 2016. This growing presence of international journalists is evidence that Taiwan is a country where transparency, freedom of expression, and easy access to information are ensured. I am proud and looking forward to Taiwan continuing to be the home for free press in Asia. Despite the new and growing challenges in the region, Taiwan will continue to stand up for democracy, freedom, and human rights. Now more than ever, it is essential that we unite and support one another, as we address these challenges together and endeavor to build a world where all can live in dignity. I want to close by thanking you all again for joining me to honor the recipients of the Human Rights Press Awards. At a time when many journalists in Asia and from around the world must put their safety at risk for doing their job, you have our utmost respect for your professionalism and courage. Once again, congratulations to all the award-winners. Also in attendance at the event were European Economic and Trade Office Head Filip Grzegorzewski and British Office Taipei Representative John Dennis.

    Details
    2024-04-17
    President Tsai delivers remarks at International Holocaust Remembrance Day event
    On the afternoon of April 17, President Tsai Ing-wen attended an International Holocaust Remembrance Day event and delivered remarks, in which she said that unity is imperative in combating hatred and developing understanding. The president stated that as we are confronted with the growing threats of terrorism and authoritarianism, Taiwan has been taking initiatives, through collaboration with our international partners, to enhance regional religious freedom, to fight against discrimination, and to promote equality. She stated that Taiwan will continue to be a strong advocate for human rights and democracy, so we can leave the world a better place for future generations. Upon arrival, President Tsai took in a musical performance and watched as a rabbi recited a prayer before joining other distinguished guests to light candles in memory of the Holocaust’s victims. A transcript of President Tsai’s remarks follows: I would like to begin by thanking the Israel Economic and Cultural Office (ISECO) in Taipei, the German Institute Taipei, the Ministry of Foreign Affairs, and the Taiwan Foundation for Democracy for co-organizing this important event. I also want to thank you all for making time to come here today to remember those who lost their lives in the Holocaust. We are also here to pay tribute to those who survived, and to acknowledge the sufferings of all who were affected by this dark chapter of human history.  I also want to take a moment to acknowledge Mr. Peter Gaspar, who is joining us virtually today. I am grateful for his participation in this year’s event and for sharing his harrowing experience with all of us. Every year, we come here together to remember those who perished in the Holocaust, as well as those who endured unimaginable sufferings because of this tragedy. We must pledge to never forget this period in history, when human dignity was cast aside for political ideology. We should also never stop fighting against discrimination and bigotry. We must also be reminded that there are still countless people who continue to suffer at the hands of authoritarian regimes and dictatorships, just because they are of different ethnic origin, gender, sexual orientation, religion, or political ideology. In other words, there is still much work needed to be done. In the pursuit of justice and truth, we can learn from Israel and Germany – Israel in its efforts to preserve the historical accounts of the Holocaust, especially its victims, and Germany in its courage to face the past.  In Taiwan, we have been working to ensure that we address the injustices of the past and uncover the truth of atrocities in the authoritarian era. In addition to the annual commemoration of the 228 Incident, my government has built a solid foundation for the realization of transitional justice. We elevated transitional justice as a priority at the highest government level. The Executive Yuan established government bodies to further emphasize the values of transitional justice in policy implementation. The newly amended Political Archives Act came into effect this year, on the 77th anniversary of the 228 Incident. This is an important element in my government’s effort to restore truth in the pursuit of transitional justice. We hope this will further help bring some closure and comfort to the victims of the White Terror era and their families. Even though we have come quite a long way on upholding human rights and fighting against bigotry, the world must continue to confront antisemitism and authoritarian aggression. We are also seeing the horrifying effects of such aggressions in Ukraine and in Hamas’ terroristic attack on Israel. This is why we stress the importance of working alongside the international community to safeguard what we fought so hard to achieve, that is, democracy, freedom, equality, and peace. As part of our collaborative efforts, starting from 2021, the Israel office here, our Ministry of Education’s human rights resource center, and Yad Vashem, Israel’s World Holocaust Remembrance Center, co-organized workshops and held traveling exhibitions to raise awareness on the history of the Holocaust. We also continue to donate to Yad Ezer Lechaver, an NGO that works with our representative office in Tel Aviv, to help provide daily necessities to Holocaust survivors. Through collaboration with our international partners, Taiwan has been proactively taking initiatives to enhance regional religious freedom, to fight against discrimination, and to promote equality. Taiwan will continue to be a strong advocate for human rights and democracy. History has taught us time and again that unity is imperative in combating hatred and developing understanding. As we are confronted with the growing threats of terrorism and authoritarianism, it is even more important that we work together, so we can leave the world a better place for future generations. We owe it to the memory of those who lost their precious lives to a tragedy like the Holocaust and those who sacrificed themselves to protect the value of democracy. We should also remind ourselves to remain vigilant, while we reaffirm our vow to not let this tragedy happen again. In closing, I want to thank everyone for taking part in this meaningful event, and for keeping the names and stories of the victims of the Holocaust living in our memory. Also in attendance at the event were Chair of the Knesset Taiwan friendship group Boaz Toporovsky, ISECO Representative Maya Yaron, and German Institute Taipei Director General Jörg Polster.

    Details
    2024-02-28
    President Tsai attends ceremony marking 77th anniversary of 228 Incident
    On the morning of February 28, in Chiayi County, President Tsai Ing-wen attended the nation’s main memorial ceremony marking the 77th anniversary of the 228 Incident. The president offered a floral wreath in memory of the victims, and stated that over the past eight years the government has worked systematically to advance work in transitional justice, pointing out that it has completed four fact-finding investigation reports to restore historical truths and has helped victims to restore their reputations and receive compensation. She said that nearly 2,000 applications for compensation have been accepted for processing, and the government has already paid out a total of more than NT$4 billion in compensation. The government’s effort last year to pass an amendment to the Political Archives Act saw support from both the ruling and opposition parties, she said, and that amendment enters into force today. The president emphasized that transitional justice is not intended to be directed at any particular political party. Rather, she said, it is that the government in a democratic system must take responsibility for illegal acts committed by the state during an earlier period of authoritarian rule and make amends for past harms. She said that honestly facing up to our history is the only way Taiwan’s democratic institutions can become more deeply rooted and continue to evolve. Emphasizing that there is no shortcut to transitional justice, and that scars in the memory do not easily fade, the president said that our generation must take concrete action to find ways to peacefully coexist with history and build an even more open society. She said that to face the past, we must not forget the past, much less fear to remember it; and to face the future, we must continue to deepen our discussions as we pursue a more democratic, sustainable social community. A translation of the president’s remarks follows: The February 28 Incident filled the people of Taiwan with a desire for democracy and freedom, but authoritarianism and heavy-handed rule stymied the seeds of democracy and ushered in the White Terror era. This difficult period of the past left a scar on Taiwan’s history. To help this scar to heal, we must first understand the nature of the wound. Until we honestly face facts and listen to one other, we cannot close our wounds and reach the genuine reconciliation that ends our history being a cause of division in Taiwan. Once we do this, the people of Taiwan will be better able to join together in defense of democracy and move forward together. Over the past eight years, we have worked systematically to advance work in transitional justice. In the area of legislative action, we began with reinforcing the foundation for transitional justice by amending the Act Governing the Settlement of Ill-gotten Properties by Political Parties and Their Affiliate Organizations, the Act on Promoting Transitional Justice, the Organizational Act of the National Human Rights Museum, the Political Archives Act, and the Act to Restore Victim’s Rights Infringed by Illegal Acts of the State During the Period of Authoritarian Rule. We have also established specialized organizations and mechanisms that form the engine moving our transitional justice project forward. Now that the Transitional Justice Commission has completed its mission, the Executive Yuan is coordinating the efforts of six central government agencies that have taken over the task of implementing transitional justice work. Building on this foundation, our government has completed four fact-finding investigation reports to restore historical truths, and we have amended legislation to improve the handling of political archives and ill-gotten assets in the possession of political parties. From the ill-gotten party assets that have been appropriated by the state, a special fund has been established to support public welfare and transitional justice-related work. We have also helped victims restore their reputations and receive compensation. Nearly 2,000 applications for compensation have been accepted for processing by the Restoration of Victim’s Rights Infringed by Illegal Acts of the State During the Period of Authoritarian Rule Foundation since it was established over a year ago. Last year, for the first time ever, our government returned property to a victim from whom it had been illegally confiscated by the state during the period of authoritarian rule. In total, the government has already paid out more than NT$4 billion in compensation. Transitional justice is not intended to be directed at any particular political party. Rather, it is that the government in a democratic system must take responsibility for illegal acts committed by the state during an earlier period of authoritarian rule and make amends for past harms. Honestly facing up to our history is the only way Taiwan’s democratic institutions can become more deeply rooted and continue to evolve. After years of hard work, the 228 Memorial Foundation has identified 2,340 victims of the 228 Incident, and has additionally identified more than 4,000 possible victims. In a short while, acting on behalf of the government, I will be awarding “certificates of restored reputation” to the family members of several victims of the 228 Incident. Two of these individuals had originally been classified as “possible victims,” but after historical archives were made available for public access it was confirmed that they had indeed been victims. Our experience in this case showed us that there remain more historical truths for the government to help bring to light. This is why the government saw support from both the ruling and opposition parties last year when it worked to pass an amendment to the Political Archives Act. That amendment did pass, and it enters into force today. Political archives provide many important pieces in the puzzle of our historical past, so I would like to ask our national security officials to adopt an open-minded attitude. I would like for them to declassify more political archives and make them publicly accessible to the greatest possible extent. Our transitional justice work encompasses truth, justice, reparation, memorialization, and, most importantly, guarantees of non-recurrence. These are the five internationally recognized pillars of transitional justice. We have also seen different sectors of Taiwanese society contribute to transitional justice, each in its own way. In Search of a Mixed Identity, a film about a victim of the 228 Incident, will premiere next month, and the Gongsheng Music Festival, which is held annually to commemorate the incident, marked its 12th year in 2024. I want to thank the many civil society organizations and young people who have worked so long and hard to further the cause of transitional justice. You have given of yourselves for the nation, providing fresh tinder to keep the torch of democracy alight and keep it glowing ever stronger. I must also thank the Executive Yuan, the Transitional Justice Commission, the Ill-Gotten Party Assets Settlement Committee, and the various central government agencies and civil society organizations that have accompanied us on this undertaking every step of the way. Together we have worked on behalf of those who suffered the indignities of the 228 Incident and the White Terror era so that they can put the darkness behind them. But I know full well that our efforts pale in comparison to what the victims and their family members have been through. There is no shortcut to transitional justice, and scars in the memory do not easily fade. Our generation must take concrete action to find ways to peacefully coexist with history and build an even more open society.  I have spoken with the Executive Yuan about the three points that Chiang Jung-sen (江榮森) just raised. As a matter of fact, these three points are related to issues the Executive Yuan is actively addressing right now, and I am confident that the Executive Yuan will come forward with public statements at the proper times. These matters are all part of the government’s work, and we will continue doing our best to address them. To face the past, we must not forget the past, much less fear to remember it. To face the future, we must continue to deepen our discussions as we pursue a more democratic, sustainable social community.

    Details
    2023-12-07
    President Tsai attends 2023 Asia Democracy and Human Rights Award ceremony
    On the morning of December 7, President Tsai Ing-wen presented the 2023 Asia Democracy and Human Rights Award to Amihan Abueva, regional executive director of the Child Rights Coalition Asia (CRC Asia). In remarks, President Tsai recognized Ms. Abueva’s long-term contributions to advocacy for the rights of children in her battle against all forms of child violence. The president pointed out that Taiwan has endeavored for nearly a decade now to incorporate international standards for the rights of the child into domestic law to ensure more protections for children’s rights. The president said that Taiwan will remain vigilant to protect our hard-earned democracy, freedom, and human rights, and by doing so, help further entrench the rights of the child here and globally. A transcript of President Tsai’s remarks follows: Today, I would like to begin by congratulating Ms. Amihan Abueva on receiving this year’s Asia Democracy and Human Rights Award, established by the Taiwan Foundation for Democracy. Ms. Abueva has been a powerful advocate for the rights of children in her decades-long battle against all forms of child violence, especially trafficking and sexual exploitation. Throughout her career, she has epitomized selflessness and courage, tirelessly fighting to secure a safer world for our children and our future. Whether in her former roles as executive secretary and president of ECPAT International [End Child Prostitution, Child Pornography and Trafficking of Children for Sexual Purposes], or in her current position as the regional executive director of the Child Rights Coalition of Asia, Ms. Abueva has pushed for more child participation, in society and in policy-making for child welfare. She has also contributed to the strengthening of the relevant legal framework at the national and international levels. As she once said, “Children’s rights are everybody’s business.” Ms. Abueva has also played an important role in government efforts by serving as Philippine representative to the ASEAN Commission on the Rights of Women and Children. And her leadership today at CRC Asia has helped connect child rights organizations throughout Asia, including our own Child Welfare League Foundation in Taiwan. The network she built has brought the public sector and private society together to work toward the improvement of children’s rights. While advocating her cause, Ms. Abueva has also devoted herself to awareness raising, through speeches and reading materials, helping both adults and children see the warning signs so that they can prevent trafficking from taking place. Throughout her storied career, her mission has remained the same: to protect children, their rights, and their future, by giving them a voice and making sure their stories are heard. Taiwan also strives to do its part to protect our children and their rights. As with most rights advocacy, we owe our thanks to our civil society in spearheading grassroots efforts and working in coordination with the government. And a crucial part of that is making sure we have sound legislation. For nearly a decade now, we have endeavored to incorporate international standards for the rights of the child into domestic law. In 2014 we passed legislation to bring the principles of the 1989 United Nations Convention on the Rights of the Child (UNCRC), the most ratified human rights treaty in history, into our own legal framework. And to bring Taiwan more in compliance with the UNCRC, we hold discussions and reviews on our implementation efforts, which help us formulate future policy and further protect the rights of children. To date, we have submitted two national reports, each followed by a review meeting. To these, we invite international experts to discuss the state of children’s rights in Taiwan with our government agencies and NGOs. Most importantly, and as Ms. Abueva has long championed, children and the youth are represented in these meetings to ensure that they have a voice in the protection of their own rights. Aside from overarching legislation, we want to ensure that children’s rights are covered by relevant laws. Under these laws, Taiwan has not only addressed traditional forms of violence done to children, in both home and school environments; we have also taken a forward-looking approach to prevent novel forms of child violence. With the addition to our Criminal Code of a chapter on offense against sexual privacy this year, we aim to protect the sexual privacy of every individual in the digital age. And this is particularly beneficial for children and young people, a large and vulnerable demographic of Internet users. As proclaimed in the UNCRC, children are entitled to the very rights set forth in the Universal Declaration of Human Rights. With this in mind, Taiwan will remain vigilant to protect our hard-earned democracy, freedom, and human rights, and by doing so, help further entrench the rights of the child here and globally. Once again, I extend my sincere congratulations to Ms. Abueva, and thank her for her selfless efforts. With the inspiration of such outstanding advocates as Ms. Abueva, I look forward to more people joining forces in the fight to protect the rights of the most vulnerable. Members of the foreign diplomatic corps in Taiwan were also in attendance at the event.

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: AKT Trading Inc. Recalls Prepared Vegetable Products Because of Possible Health Risk

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    March 03, 2025
    FDA Publish Date:
    March 03, 2025
    Product Type:
    Food & BeveragesFoodborne Illness
    Reason for Announcement:

    Recall Reason Description
    Potential risk of Clostridium botulinum

    Company Name:
    AKT Trading, Inc.
    Brand Name:

    Brand Name(s)
    Multiple brands

    Product Description:

    Product Description
    Prepared vegetable products.

    Company Announcement
    AKT Trading Inc. of Torrance, California, is recalling certain prepared vegetable products manufactured by Choshiya Honten Co., Ltd. due to a potential risk of Clostridium botulinum, a bacterium which can cause life-threatening illness or death.  The products lack the necessary “Keep Refrigerated” statement, which could lead to hazardous bacterial growth if stored at room temperature. Consumers are warned not to use the product even if it does not look or smell spoiled.
    Botulism, a potentially fatal form of food poisoning, can cause the following symptoms: general weakness, dizziness, double-vision and trouble with speaking or swallowing. Difficulty in breathing, weakness of other muscles, abdominal distension and constipation may also be common symptoms. People experiencing these problems should seek immediate medical attention.
    The Products were distributed at Tokyo Central / Marukai stores located in California.

    Tokyo Central Gardena

    1740 Artesia Blvd., Gardena, CA 90248

    Tokyo Central Cupertino

    19750 Stevens Creek Blvd.,Cupertino, CA 95014

    Marukai Market Little Tokyo

    123 S Onizuka St. #105, Los Angeles,CA 90012

    Tokyo Central & Main Pacific

    1620 W Redondo Beach Blvd.,Gardena, CA 90247

    Tokyo Central San Diego

    8151 Balboa Ave, San Diego, CA 92111

    Tokyo Central Torrance

    3832 W Sepulveda Blvd., Torrance, CA 90505

    Marukai Market West LA

    12121 W Pico Blvd., Los Angeles, CA 90064

    Tokyo Central Costa Mesa

    2975 Harbor Blvd., Costa Mesa,CA 92626

    Tokyo Central West Covina

    1420 S Azusa Ave., West Covina, CA 91791

    Tokyo Central Yorba Linda

    18171 Imperial Hwy., Yorba Linda, CA 92886

    Tokyo Central PCH Torrance

    3665 Pacific Coast Highway, Torrance, CA 90505

    The affected product is packaged in a plastic bag and can be identified by the following information:

    Brand Name 

    Product Name 

    Container 

    JAN CODE (UPC)

    Expiration Date 

    Japanese Pickles

    SHIBA ZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535128

    8/27/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    AOKAPPA ZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535135

    5/14/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    FUKUSHIN ZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535142

    7/9/2025, 5/31/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    SOFT TSUBOZUKE PREPARED MIX VEGETABLES

    1lb plastic bag

    4582207535159

    7/29/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    Japanese Pickles

    RAKKYO ZUKE PREPARED VEGETABLES

    1lb plastic bag

    4983673526021

    8/1/2025, 7/1/2025 (Printed on the back of the product)

    *No illnesses have been reported to date

    CHOSHIYA

    ABURA-ITAME ZHASAI PREPARED SICHUAN VEGETABLE

    8.8oz. plastic bag

    4983673527325

    4/3/2025, 2/25/2025 (Printed on the edge of the surface)

    *No illnesses have been reported to date

    This issue was discovered on 2/18/2025 at the Tokyo Central / Marukai retail store. The missing “Keep Refrigerated” label likely contributed to this issue. The product was immediately removed from sale at this location. Consumers who have purchased the affected product with the specified expiration date are urged not to consume it. Consumers should discard the product or return it to the place of purchase for a full refund. AKT Trading Inc. is committed to the safety and quality of its products and is taking this action out of an abundance of caution. We are cooperating fully with the U.S. Food and Drug Administration (FDA) on this matter.
    Consumers with questions may contact AKT Trading Inc. at 310-715-2174 (M-F 9:30am-6:00pm in PST) or info@aktusa.com.
    This recall is being made with the knowledge of the U.S. Food and Drug Administration.
    Link to Initial Press Release

    Company Contact Information

    Product Photos

    Content current as of:
    03/03/2025

    Regulated Product(s)

    Topic(s)

    Follow FDA

    MIL OSI USA News

  • MIL-OSI Australia: Average dividend and franking credit yields

    Source: Australian Department of Revenue

    When to use these yields

    You can use these yields if you made an election under former section 160APHR of the Income Tax Assessment Act 1936 (ITAA 1936). This means you:

    Note: Under the simplified imputation system, applying from 1 July 2002, franking accounts are expressed in dollars of tax paid, rather than the corresponding taxable income. From this time, average franking credit yield equals average franking rebate yield.

    Example: how to calculate average franking credit yield for periods prior to 1 July 2002 before the franking accounts were expressed in dollars of tax paid.

    The yields for the 12 months to 30 June 1999 are:

    • average dividend yield – 3.65%
    • average franking rebate yield – 1.44%
    • average franking credit yield – 1.44% × (64 ÷ 36) = 2.56%.

    End of example

    Find out more in TD 2007/11 Income tax: imputation: franked distributions: qualified persons: does an entity have to be a qualified person within the meaning of Division 1A of former Part IIIAA of the Income Tax Assessment Act 1936.

    List of yields

    These yields are calculated with the assistance of S&P Dow Jones Indices and are generally available by the middle of the following month.

    2025 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 January

    3.07%

    0.96%

    2024 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 December

    3.10%

    0.97%

    30 November

    3.12%

    0.97%

    31 October

    3.18%

    0.99%

    30 September

    3.23%

    1.01%

    31 August

    3.19%

    0.99%

    31 July

    3.83%

    1.22%

    30 June

    3.86%

    1.23%

    31 May

    3.89%

    1.24%

    30 April

    3.92%

    1.26%

    31 March

    3.95%

    1.27%

    29 February

    3.25%

    1.04%

    31 January

    4.14%

    1.37%

    2023 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 December

    4.15%

    1.37%

    30 November

    4.17%

    1.38%

    31 October

    4.12%

    1.38%

    30 September

    4.12%

    1.38%

    31 August

    4.58%

    1.57%

    31 July

    4.49%

    1.53%

    30 June

    4.51%

    1.54%

    31 May

    4.51%

    1.55%

    30 April

    4.46%

    1.53%

    31 March

    4.44%

    1.52%

    28 February

    3.95%

    1.31%

    31 January

    4.40%

    1.51%

    2022 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 December

    4.41%

    1.51%

    30 November

    4.39%

    1.50%

    31 October

    4.36%

    1.49%

    30 September

    4.32%

    1.48%

    31 August

    4.01%

    1.36%

    31 July

    3.99%

    1.36%

    30 June

    3.97%

    1.35%

    31 May

    3.95%

    1.34%

    30 April

    3.94%

    1.34%

    31 March

    3.97%

    1.35%

    28 February

    4.17%

    1.45%

    31 January

    3.61%

    1.22%

    2021 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 December

    3.64%

    1.23%

    30 November

    3.66%

    1.24%

    31 October

    3.52%

    1.19%

    30 September

    3.57%

    1.21%

    31 August

    2.96%

    0.94%

    31 July

    2.97%

    0.97%

    30 June

    3.02%

    0.99%

    31 May

    3.03%

    1.01%

    30 April

    2.80%

    0.91%

    31 March

    2.87%

    0.93%

    28 February

    2.81%

    0.89%

    31 January

    2.93%

    0.93%

    2020 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 December

    2.93%

    0.93%

    30 November

    3.00%

    0.94%

    31 October

    3.29%

    1.03%

    30 September

    3.29%

    1.03%

    31 August

    3.52%

    1.12%

    31 July

    3.62%

    1.14%

    30 June

    3.60%

    1.13%

    31 May

    3.69%

    1.13%

    30 April

    4.05%

    1.29%

    31 March

    4.03%

    1.28%

    29 February

    3.84%

    1.20%

    31 January

    3.98%

    1.26%

    2019 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 December

    4.04%

    1.28%

    30 November

    4.10%

    1.30%

    31 October

    4.15%

    1.34%

    30 September

    4.20%

    1.36%

    31 August

    4.14%

    1.35%

    31 July

    4.18%

    1.36%

    30 June

    4.20%

    1.36%

    31 May

    4.21%

    1.37%

    30 April

    4.23%

    1.38%

    31 March

    4.25%

    1.39%

    28 February

    4.22%

    1.39%

    31 January

    4.16%

    1.35%

    2018 yields

    For the months ending

    Average dividend
    yield (%)

    Average franking
    rebate yield (%)

    31 December

    4.15%

    1.35%

    30 November

    4.11%

    1.34%

    31 October

    4.11%

    1.34%

    30 September

    4.10%

    1.34%

    31 August

    4.13%

    1.35%

    31 July

    4.11%

    1.34%

    30 June

    4.15%

    1.35%

    31 May

    4.16%

    1.36%

    30 April

    4.18%

    1.36%

    31 March

    4.18%

    1.36%

    28 February

    4.29%

    1.39%

    31 January

    4.19%

    1.36%

    Find yields going back to 1998 on data.gov.auExternal Link.

    S&P Dow Jones Indices

    The ‘All Ordinaries’ is a product of S&P Dow Jones Indices LLC or its affiliates (‘SPDJI’) and ASX Operations Pty Ltd., S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (‘S&P’); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (‘Dow Jones’); ASX, ALL ORDINARIES are trademarks of ASX Operations Pty Ltd. SPDJI, Dow Jones, S&P, their respective affiliates, or ASX Operations Pty Ltd. and none of such parties make any representation regarding the advisability of investing in investment product(s) nor do they have any liability for any errors, omissions, or interruptions of the All Ordinaries.

    MIL OSI News

  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the Cambodia-ASEAN Business Summit 2025 hosted by Cambodia Chamber of Commerce

    Source: ASEAN

    At the invitation of Neak Oknha Kith Meng, President of Cambodia Chamber of Commerce and the Chair of ASEAN Business Advisory Council Cambodia, Secretary-General of ASEAN, Dr. Kao Kim Hourn, will lead the ASEAN Secretariat team to participate in the Cambodia-ASEAN Business Summit 2025, in Phnom Penh, Cambodia, on 6 March 2025. Held under the theme “Accelerating ASEAN’s Connectivity: People, Infrastructure and Trade,” the Business Summit is expected to provide an invaluable platform for fostering economic cooperation, increasing connectivity and promoting sustainable development within ASEAN. Throughout his stay in Phnom Penh on 6-7 March 2025, and in addition to his participation in the Cambodia-ASEAN Business Summit 2025,SG Dr. Kao will also engage in a series of other significant activities, including holding a bilateral meeting with the President of Cambodia Chamber of Commerce and the Chair of ASEAN Business Advisory Council  Cambodia, visiting the Resource Centre of the Extraordinary Chambers in the Courts of Cambodia (ECCC), as well as conducting a Roundtable Discussion with the Club of Cambodian Journalists,  with the theme “ASEAN Community Vision 2045: View of the Secretary-General of ASEAN.” 

    This visit underscores the ASEAN Secretariat’s continued support and commitment to strengthening stronger collaboration among ASEAN Member States in reinforcing its dedication to advancing regional cooperation, development and prosperity.
    The post Secretary-General of ASEAN to participate in the Cambodia-ASEAN Business Summit 2025 hosted by Cambodia Chamber of Commerce appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Australia: 58-2025: Unplanned Service Disruption: Tuesday 04 March 2025 – BICON

    Source: Australia Government Statements – Agriculture

    04 March 2025

    Who does this notice affect?

    All clients required to use the department’s Biosecurity Import Conditions System (BICON) website.

    Information

    Start time:
    As of: 09:30 Tuesday 04 March 2025 (AEDT).

    The department’s BICON website is currently experiencing an unplanned service disruption. As a result, users may experience service degradation (e.g. slowness) and/or an inability to load BICON webpages.

    Action

    This…

    MIL OSI News

  • MIL-Evening Report: Why are so many people obsessed with fantasy sports?

    Source: The Conversation (Au and NZ) – By Tom Hartley, Lecturer in Health and Physical Education, University of Tasmania

    Koshiro K/Shutterstock

    With the AFL and NRL seasons kicking off, fantasy footy players have been deep in draft mode, carefully building their best teams.

    Fantasy sports have transformed the way fans engage with many sports, sparking interest beyond simply watching matches or supporting a favourite team.

    What are fantasy sports?

    In simple terms, fantasy sports involve participants acting as team coaches/managers, selecting real-life players to form a fantasy team within the constraints of the game’s rules.

    These teams compete based on the actual performance of the selected players in real matches. Points are awarded on various performance metrics, depending on the sport.

    Many fantasy leagues also incorporate a stock market-like element. When a real-life player exceeds expectations, their fantasy value increases, while underperformance leads to a decrease in value.

    This allows coaches to trade players in and out strategically, aiming to build the most valuable and high-scoring team during a season.

    Success in fantasy sports often depends on statistical analysis, player scouting, and smart decision-making when it comes to trades and team selection.

    The origins of fantasy sports

    The first mainstream fantasy game can be attributed to Rotisserie League Baseball in 1980 by Daniel Okrent and friends.

    Rotisserie League Baseball is said to be the oldest fantasy sports league in the world.

    This league required participants to track their own players’ progress using a scoring system based on statistics obtained in newspapers after a game.

    With the rapid progression of technology, fantasy sports have evolved significantly, with most major sporting codes worldwide now offering multiple fantasy platforms, formats and prizes.

    In Australia, the number of people playing fantasy sports has doubled since 2021, with nearly 2.5 million players engaged in one league or another.

    This growth presents opportunities for content creation, expanded revenue streams, and potentially increased engagement with sports betting.

    Fan engagement

    The way fans engage with sports has evolved with the rise of fantasy sports, social media, and real time data tracking, leading to “second screen consumption”.

    This involves fans using multiple digital platforms such as fantasy sports apps, social media and tracking of live statistics while simultaneously watching live broadcasts.

    This shift has redefined the traditional sports fandom experience.

    Fantasy coaches watch more games each week, with a dual identity that extends beyond traditional loyalty to the team they support.

    While sports fans have historically supported a single team, fantasy sports reshape fan identity by encouraging engagement with both their favourite team and their fantasy team. Fans often watch games they normally wouldn’t be interested in specifically to watch the fantasy-relevant players involved.

    Community engagement is a key motivator for participation, often surpassing interest in the real-life sports.

    In Australia, a study by News Corporation Australia, which owns SuperCoach, found bragging rights, social connection and learning more about sport drive participation.

    While prizes matter, the main reason people join is to connect with others.

    In 2021, Australian fantasy players were largely concentrated in the larger sporting codes such as the AFL and NRL, but by 2023 it had broadened into the Big Bash League (BBL) and National Basketball League (NBL).

    There are many Australians playing fantasy leagues in global sports too, from the English Premier League (soccer) to the United States’ National Football League (NFL) and National Basketball Association (NBA). Some 14% of the Australian fantasy audience plays in global leagues.

    Media involvement

    With some sporting seasons becoming longer and the connection to fantasy sports extending beyond live games, fans are kept invested throughout the off-season as they analyse trades, follow pre-season developments and prepare for the next competition.




    Read more:
    How the AFL and NRL have crept into cricket’s traditional summer timeslot


    This almost year-round involvement offers extended media coverage and consumption of new content in a variety of formats.

    Fantasy sport complements traditional media by offering alternative coverage, such as podcasts and short-form content that extends beyond game day, keeping fans connected throughout the week as they adjust their lineups and strategies.

    Fantasy sports are also boosting viewership for new formats like AFLW by increasing fan engagement.

    Rich pickings

    Fantasy sport has been big business for a long time but the global fantasy sports market is challenging to quantify.

    In 2013, Forbes estimated the NFL fantasy football market alone to be worth $US70 billion ($A111 billion), significantly surpassing the NFL’s 2021 revenue of $US11 billion ($A17 billion), highlighting its major role in the global sporting market.

    Big revenues mainly come from sponsorship and advertising on fantasy platforms.

    Major brands invest hundreds of millions of dollars in targeted advertising campaigns to capitalise on this engaged audience.

    Money is also made by charging fees to enter some contests and to access premium analytics content, in-app purchases, and related entertainment products like websites and podcasts.

    Links to sports betting

    Many of the advertisers on fantasy platforms are gambling businesses.

    Fantasy organisations have tried to highlight the differences between fantasy sports and sports betting, which has been linked to poor mental health, family violence and even suicide.

    Their key argument is that betting is a game of chance whereas fantasy sports are games of skill.

    Despite these differences, concerns have been raised about the links between fantasy sports and sports betting.

    An Australian fantasy betting app was recently fined more than $A500,000 for illegally offering inducements to gamble in dozens of ads on its platform.

    Whether or not fantasy sports are likely to encourage gambling is a grey area – studies in this space are mixed.

    Some studies have found people who participate in fantasy sports are more likely to gamble and experience gambling-related problems.

    However, others describe fantasy sports as a more positive alternative to gambling and that participants are motivated by the social benefits, rather than being motivated by a chance to win money.

    As fantasy sports continue to evolve and attract new players, their ability to deepen fan engagement, foster community connections, and enhance the sports watching experience ensures they will remain a dynamic and influential part of the sporting world.

    I have worked with members of the AFL Fantasy Traders before in schools.

    Vaughan Cruickshank does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Why are so many people obsessed with fantasy sports? – https://theconversation.com/why-are-so-many-people-obsessed-with-fantasy-sports-249010

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: DMG Blockchain Solutions Reports First Quarter 2025 Results and February Operations Update

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 03, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces its fiscal first quarter 2025 financial results. All financial references are in Canadian Dollars unless specified otherwise. Readers are encouraged to review the Company’s December 31, 2024 quarterly unaudited financial statements and management’s discussion and analysis thereof for a fulsome assessment of the Company’s performance and applicable risk factors, available at www.sedarplus.ca.

    Q1 2025 Financial Results Highlights

    • Revenue: $11.6 million in Q1 2025, up 97% from $5.9 million in Q4 2024 and up 20% from $9.7 million in Q1 2024.
    • Bitcoin Mined: 97 bitcoin mined in Q1 2025, up 49% from Q4 2024.
    • Cash Flow from Operations: -$2.7 million in Q1 2025, versus +$1.3 million in Q4 2024, as the Company sold $4 million less bitcoin than it earned.
    • Hashrate: 1.62 EH/s for Q1 2025, up 65% sequentially and 68% year-over-year; now operating at 1.8 EH/s with the goal to reach 2.1 EH/s in March 2025.
    • Fleet Efficiency: 22.9 J/TH in Q1 2025, an improvement of 7% from Q4 2024; targeting 21 J/TH when hydro miners are fully energized.
    • Cash and Digital Assets: $58.2 million as of quarter-end Q1 2025, up 62% from Q4 2024 and up 110% from Q1 2024.
    • Net Loss: -$0.02 per share in Q1 2025, versus -$0.05 per share in Q4 2024 and $0.04 in Q1 2024.

    Preliminary February Operational Results

    • Bitcoin Mined: 27 BTC (vs 31 BTC in Jan 2025, in line with 28 days and curtailment)
    • Hashrate: 1.71 EH/s (vs 1.75 EH/s in Jan 2025)
    • Bitcoin Holdings: 443 BTC (vs 431 BTC in Jan 2025)
    • Days non-firm power curtailed: 3 (vs 0 in Jan 2025); average hashrate was 1.81 EH/s for period excluding curtailment

    DMG’s CEO, Sheldon Bennett, commented: “In addition to growing our hashrate, the first part of our financial year 2025 marks a major step forward in our Core+ strategy and Generative Artificial Intelligence ambitions. With Systemic Trust now a Qualified Digital Asset Custodian, we are focused on onboarding new customers and ramping revenue. Our near-term roadmap to offer Systemic Trust custodial wallets that support DMG’s Petra technology along with the integration of both Helm Data Center Infrastructure Management and Reactor into Terra Pool, position us to fully enable our carbon neutral Bitcoin ecosystem. Furthermore, we have expanded our AI initiatives, with a memorandum of understanding for a 10 MW prefabricated data center in addition to our MOU to establish a joint venture with the Malahat Nation for 30 MW of AI compute capacity. We remain committed to growth in areas that can deliver the most long-term value for our shareholders.”

    Financial First Quarter 2025 Financial Results Review

    Revenue increased by $1,942,061 in Q1 2025 from $9,690,764 Q1 2024. The increase in revenue is attributable to increases in digital currency mining revenues of $1,489,833 due to increases in the average bitcoin price in the period of $116,580 versus $49,006 during the same period in the prior year. These increases were offset by increases in network difficulty from the same period last year.

    Operating and maintenance expenses for Q1 2025 was $6,679,843, up from $5,147,651 in Q1 2024. This increase is primarily attributed to a $1,368,217 rise in utilities expenses, driven by expanded digital currency mining operations related to additional operating miners.

    Research costs for Q1 2025 were $553,964, having increased by $115,785 compared to Q1 2024. Research in fiscal 2025 continues to focus on software and relates to work on Systemic Trust, Helm, Reactor and Blockseer Explorer.

    General and administrative costs for Q1 2025 was $1,836,680 in comparison to $886,061 for Q1 2024. General and administrative costs consist mostly of wages, professional fees, consulting fees and interest expense. The overall increase of $950,619 is attributable mainly to an increase of $178,958 in consulting fees, $171,595 in wages and $422,645 in interest expense related to the Company’s credit facility with Sygnum Bank.

    Depreciation for Q1 2025 was $4,349,470 compared to $4,341,782 in Q1 2024.

    Net income decreased by $10,075,491 to a net loss of $3,103,001 for Q1 2025 versus net income of $6,972,490 in Q1 2024. The decrease in net loss is mainly a result of a large unrealized gain on revaluation of digital currencies in the prior year of $8,162,860 in the statement of profit and loss. A gain of $15,319,443 was recorded through other comprehensive income in the current period related to an unrealized gain on the revaluation of the balance held of digital currency. Gains related to the increase in digital currency in the prior year were offset against historical losses incurred in prior periods. Gains are recognized to the extent of any historical losses, after which gains are recognized through other comprehensive income under the accounting policies of IAS 38. Resulting in a large difference in net income between the two periods.

    Total assets as of December 31, 2024 were $137,128,716, an increase of $33,259,735 versus September 30, 2024. The increase is mostly attributable to a net increase in digital currency of $19,615,571, due to the revaluation of digital currency balances at an increased price of bitcoin, $132,949 as of December 31, 2024 as compared to $88,673 as of September 30, 2024.

    In Q1 2025, DMG sold 78 bitcoin, generating $7,305,976 cash, thus selling 81% of the bitcoin mined versus 143% in the prior quarter.

    Future changes in the Bitcoin network-wide mining difficulty or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate and mining difficulty.

    First Quarter 2025 Results Conference Call Details

    The Company will host a conference call to review its results and provide a corporate update on Tuesday, March 4, 2025 at 4:30 PM ET. Participants should register for the call via the registration link.

    In addition to a live Q&A session via chat, management will also address pre-submitted questions. Those wishing to submit a question may do so via email at investors@dmgblockchain.com, using the subject line ‘Conference Call Question Submission,’ through 2:00 PM ET on March 4, 2025.

    About DMG Blockchain Solutions Inc.

    DMG is a publicly traded, sustainably-focused and vertically integrated blockchain and data center technology company that develops, manages and operates end–to-end digital solutions to monetize the blockchain and generative artificial intelligence compute ecosystems. DMG’s businesses are segmented into two business lines under the Core (data center infrastructure) and Core+ (software and services) strategies and unified through DMG’s vertical integration.

    For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
    Follow @dmgblockchain on X and subscribe to DMG’s YouTube channel.

    For further information, please contact:

    On behalf of the Board of Directors,

    Sheldon Bennett, CEO & Director
    Tel: +1 (778) 300-5406
    Email: investors@dmgblockchain.com
    Web: www.dmgblockchain.com

    For Investor Relations:
    investors@dmgblockchain.com

    For Media Inquiries:
    Chantelle Borrelli
    Head of Communications
    chantelle@dmgblockchain.com

    DMG Blockchain Solutions Inc.
    Condensed Consolidated Interim Statements of Financial Position
    (Expressed in Canadian Dollars)
     

    Notes

    As at
    December 31, 2024
    (unaudited)
      As at
    September 30, 2024
    (audited)
     
    ASSETS   $   $  
    Current      
    Cash and cash equivalents   4,273,533   1,679,060  
    Amounts receivable 6 4,802,944   4,910,251  
    Digital currency 5 53,943,274   34,327,703  
    Prepaid expense and other current assets   402,787   337,042  
    Marketable securities 8 359,833   316,803  
    Short-term investment 9 5,516,500    
    Total current assets   69,298,871   41,570,859  
           
    Long-term deposits 10 10,743,511   2,047,682  
    Property and equipment 12 50,194,530   53,798,978  
    Intangible asset   276,040    
    Long-term investments 13 45,000   45,000  
    Amount recoverable 7 6,570,764   6,406,462  
    Total assets   137,128,716   103,868,981  
           
    LIABILITIES AND SHAREHOLDERS’ EQUITY      
    Current      
    Trade and other payables 14 3,748,608   5,183,107  
    Deferred revenue 19 7,355    
    Current portion of lease liability 15 40,071   43,483  
    Current portion of loans payable 16 20,020,520   13,928,462  
    Total current liabilities   23,816,554   19,155,052  
           
    Long-term lease liability 15 41,534   51,842  
    Total liabilities   23,858,088   19,206,894  
           
    Shareholders’ Equity      
    Share capital 17(a) 120,326,738   113,086,455  
    Reserves 17(b)(c) 55,036,328   45,853,100  
    Accumulated other comprehensive income   25,736,645   10,448,614  
    Accumulated deficit   (87,829,083)   (84,726,082)  
    Total shareholders’ equity   113,270,628   84,662,087  
    Total liabilities and shareholders’ equity   137,128,716   103,868,981  
           
    DMG Blockchain Solutions Inc.  
    Condensed Consolidated Interim Statements of Income (Loss) and Comprehensive Income (Loss)  
    (Expressed in Canadian Dollars, except for number of shares)  
    (Unaudited)  
        For the three months ended December 31,
     
      Notes 2024   2023  
        $
      $
     
    Revenue 19 11,632,825   9,690,764  
           
    Expenses      
    Operating and maintenance costs 20(a) 6,679,843   5,147,651  
    General and administrative 20(b) 1,836,680   886,061  
    Stock-based compensation 17(b) 678,528   368,494  
    Research 20(c) 553,964   438,179  
    Bad debt (recovery) expense 6 (4,743)   3,764  
    Depreciation 12 4,349,470   4,341,782  
    Total expenses   14,093,742   11,185,931  
           
    Operating loss before other items   (2,460,917)   (1,495,167 )
           
    Other income (expense)      
    Interest and other income 7 164,302   165,781  
    Impairment of non-current assets   37,819    
    Foreign exchange loss   (909,388)   (94,585)  
    Loss on fair value of investments 10   (609,120)  
    Provision of sales tax receivable 6 (307,739)   (253,900)  
    Unrealized revaluation gain on digital currency 5 28,083   8,162,860  
    Realized gain on sale of digital currency   301,809   851,870  
    Gain on change in fair value of marketable securities 8 43,030   244,751  
    Net income (loss)   (3,103,001 ) 6,972,490  
           
    Other comprehensive income      
    Items that may be reclassified subsequently to income or loss:      
    Revaluation gain on digital assets 5 15,319,443    
    Cumulative translation adjustment   (31,412)   10,082  
    Net income and comprehensive income   12,185,030   6,982,572  
           
    Basic earnings (loss) per share 17(d) $(0.02)   $0.04  
    Diluted earnings (loss) per share 17(d) $(0.02)   $0.04  
    Weighted average number of shares outstanding 17(d)    
    – basic   185,799,634   168,147,570  
    – diluted   185,799,634   170,175,939  

                                                                                                                         

    DMG Blockchain Solutions Inc.    
    Condensed Consolidated Interim Statements of Cash Flows    
    (Expressed in Canadian Dollars)    
    (Unaudited)    
    For the three months ended December 31, 2024   2023  
      $   $  
    OPERATING ACTIVITIES    
    Net income (loss) for the period (3,103,001)   6,972,490  
    Non-cash items:    
    Accretion 1,867   11,460  
    Depreciation 4,349,472   4,338,369  
    Share-based payments 678,528   368,494  
    Unrealized gain on revaluation of digital currency (28,083)   (8,162,861)  
    Unrealized foreign exchange (gain) loss 926,984   (16,272)  
    Impairment of non-current assets (37,819)    
    Unrealized gain on marketable securities (43,030)   (244,751)  
    Impairment of investment   609,120  
    Provision for sales tax receivable 307,739   253,900  
    Bad debt (recovery) expense (4,743)   3,764  
    Digital currency related revenue (11,266,187)   (8,744,492)  
    Digital currency sold 7,305,976   9,445,176  
    Realized gain on sale of digital currency (301,809)   (851,870)  
    Non-cash interest income (164,302)   (164,632)  
    Accrued interest 329,604    
         
    Changes in non-cash operating working capital:    
    Prepaid expenses and other current assets (65,745)   30,629  
    Amounts receivable (101,051)   (781,682)  
    Deferred revenue 7,355   14,302  
    Trade and other payables (1,523,145)   668,276  
    Net cash (used in) provided by operating activities (2,731,390)   3,749,420  
         
    INVESTING ACTIVITIES    
    Purchase of property and equipment (343,976)   (381,773)  
    Purchase of intangible assets (276,040)    
    Deposits on mining equipment (9,554,087)   (2,570,515)  
    Purchase of short-term investment (5,516,500)   (609,120)  
    Refund of security deposit 457,325    
    Net cash used in investing activities (15,233,278)   (3,561,408)  
         
    FINANCING ACTIVITIES    
    Proceeds from issuance of units 17,254,945    
    Share issuance costs (1,570,875)    
    Proceeds from option exercises 60,913   269,776  
    Principal lease payments (15,356)   (45,276)  
    Repayment of loan payable (1,000,000)    
    Proceeds from secure loan 5,829,013    
    Net cash provided by financing activities 20,558,640   224,500  
         
    Impact of currency translation on cash and cash equivalents 501   (206)  
    Cash and cash equivalents, change 2,594,473   412,306  
    Cash and cash equivalents, beginning 1,679,060   1,789,913  
    Cash and cash equivalents, end 4,273,533   2,202,219  
             

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding the planned conference call, DMG’s strategies and plans, increasing hashrate and the anticipated timelines, the expected arrival and operation of the hydro miners and containers, growing the Company’s hashrate to 2.1 EH/s by March 2025, the development of Systemic Trust including generating revenues, the potential for a 10-megawatt prefabricated data center in addition to the MOU to establish a potential joint venture with the Malahat Nation for 30 megawatts of AI compute capacity, improving fleet efficiency and continuing to execute on Core+ software initiatives, onboarding of new clients to Terra Pool, the opportunity and plans to monetize bitcoin transactions, the continued investment in Bitcoin network software infrastructure and applications, developing and executing on the Company’s products and services, increasing self-mining, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

    Future changes in the Bitcoin network-wide mining difficulty or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate and mining difficulty.

    Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

    Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

    The MIL Network

  • MIL-OSI USA: Klobuchar Invites Minnesota Farmer as Guest to Joint Address

    US Senate News:

    Source: United States Senator Amy Klobuchar (D-Minn)

    WASHINGTON — U.S. Senator Amy Klobuchar (D-MN), Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry, announced that Gary Wertish, a third-generation farmer from Renville County and President of the Minnesota Farmers Union, will be her guest at President Trump’s address to a joint session of Congress on Tuesday, March 4. 2025.

    “Gary represents so many family farmers and other Minnesotans who are worried about making ends meet because of the Administration’s proposed tariffs, funding freezes, and mass layoffs,” said Klobuchar. “He will be a voice for all Minnesota farmers at the President’s Joint Address.”

    “Family farmers are used to watching the skies and hoping for favorable weather. Now they are watching Washington and wondering what a potential trade war, layoffs at local USDA offices, and proposed cuts to Farm Bill programs are going to mean for their farms and communities,” said Wertish. “This only adds to uncertainty and challenges going into spring planting. We’re grateful Senator Klobuchar is working to build bipartisan support for stable trading relationships and a new Farm Bill. I’m honored by her invitation.”

    Gary Wertish ran a diversified grain and livestock farm and now assists his son, Tom, in operating their family farm near Renville. He was elected Minnesota Farmers Union President in January 2017, is a member of the National Farmers Union board of directors, and a member of the NFU Executive Committee. Wertish is a board member of Farmers Union Enterprises and serves as the livestock facilitator for the World Farmers Organization Livestock Working Group. He has served on MFU and NFU policy committees and as an MFU field representative. 

    Since 1991, Wertish has served as a supervisor for Emmet Township in Renville County. He also served nine years as a director and president of the Renville Volunteer Ambulance Service. From 1993 to 1999, Gary served on the USDA’s Agricultural Technical Advisory Committee for Sweeteners, and presently is a member of the Agricultural Technical Advisory Committee for Trade in Grains, Feed, Oilseeds and Planting Seeds. From 2001 to 2007, Wertish served as then-Senator Mark Dayton’s Agricultural Director.

    Wertish graduated from Renville High School and Willmar Area Vocational Technical Institute, with a degree in agriculture business management. He and his wife, Jeanne, are the parents of four adult children.

    MIL OSI USA News

  • MIL-OSI Economics: Tara McGee Joins ACP as Senior Director, Federal Affairs

    Source: American Clean Power Association (ACP)

    Headline: Tara McGee Joins ACP as Senior Director, Federal Affairs

    WASHINGTON, D.C., March 3, 2025 – The American Clean Power Association (ACP) today announced that Tara McGee has joined the organization as Senior Director of Federal Affairs for tax and trade, bringing several years of legislative experience and skill.
    In her new role, McGee will help lead ACP’s federal legislative engagement, working closely with policymakers, industry leaders, and key stakeholders to advance policies that support the clean energy economy.
    “We are thrilled to welcome Tara to ACP’s Federal Affairs team,” said Frank Macchiarola, ACP’s Chief Advocacy Officer. “With more than a decade of experience on Capitol Hill, Tara has built a reputation as a strategic leader who fosters policy solutions and drives impactful legislation. Her deep experience in tax and trade, and relationships with policymakers will be instrumental in advancing our agenda.”
    McGee most recently served as Tax and Trade Policy Advisor to U.S. Senator Shelley Moore Capito (WV), where she played a key role in advancing economic policies that support job creation, regulatory reform, and business growth. Previous roles include serving in legislative roles for U.S. Senator Roger Wicker (MS), U.S. Senator John Cornyn (TX) during his tenure as Senate Republican Whip, and Congressman Randy Neugebauer (TX-19). She is also an active member of the Tax Coalition.

    MIL OSI Economics

  • MIL-OSI USA: March Recognized as Problem Gambling Awareness Month

    Source: US State of New York

    overnor Kathy Hochul today issued a proclamation designating March 2025 as Problem Gambling Awareness Month in New York State. The Governor’s proclamation outlined the collaborative efforts of stakeholders to provide resources and build awareness of an often undetected addiction. In recognition of March as problem gambling awareness month, 14 landmarks across the state will be illuminated yellow on March 3.

    “Problem gambling can affect any New Yorker regardless of their background,” Governor Hochul said. “That’s why we’re raising awareness and making sure all stakeholders are working together to ensure that no one fights this undetected addiction alone.”

    National Problem Gambling Awareness Month was created by the National Council on Problem Gambling. This year’s theme, “Seeking Understanding,” focuses on increasing awareness of problem gambling as a serious but often misunderstood mental health condition. By fostering a deeper understanding of the issue, we can encourage empathy, reduce barriers to treatment, and provide support to those affected by gambling-related harm.”

    New York State Office of Addiction Services and Supports Commissioner Dr. Chinazo Cunningham said, “By proclaiming March as Problem Gambling Awareness Month, Governor Hochul highlights the need for greater understanding and support for those affected by gambling-related challenges. Stigma often prevents individuals from seeking help, and at OASAS, we are committed to fostering empathy and public awareness over gambling harms — including our new ‘Take a Pause’ campaign designed to break down the barriers that prevent New Yorkers from accessing the care they need.”

    Gaming Commission Executive Director Robert Williams said, “Problem Gambling Awareness Month is an opportune time to spread awareness and educate individuals on the warning signs of problem gambling. Governor Hochul’s highlighting of the issue underscores her ongoing commitment to implementing responsible gaming policies that ensure the tools and resources for those who need help are readily available.”

    New York Council on Problem Gambling Executive Director Jim Maney said, “We are proud to join with the Gaming Commission and OASAS to recognize Problem Gambling Awareness Month, and we are grateful to Governor Hochul for bringing much-needed attention to an issue that affects countless New Yorkers. We continue to work with our government RPP partners and our colleagues in New York’s gaming industry to provide hope for those in crisis.”

    Governor Hochul’s proclamation highlights the work of New York’s Responsible Play Partnership (RPP), consisting of the New York State Office of Addiction Services and Supports (OASAS), the New York State Gaming Commission, and the New York Council on Problem Gambling. The RPP continues to ensure New Yorkers are aware of problem gambling as well as the prevention, treatment and recovery services available across the state.

    OASAS’ “Take a Pause” PSA campaign highlights the steps New Yorkers can take to understand the risks and ensure responsible gambling, as well as where individuals can find help for themselves or a loved one impacted by, or at risk of developing a gambling problem.

    Individuals are also invited to complete a survey, where they can determine if their gambling raises concern and be directed to additional support and resources.

    In addition to PSA campaigns, the RPP created new training materials for video lottery and commercial casino employees on how to recognize problem gambling behavior, how to interact with someone exhibiting such behavior, and how to get them help in a timely manner.

    New York State has a robust voluntary self-exclusion program that allows individuals to bar themselves from any legal gaming opportunity in the state. The program was recently expanded to give individuals who self-exclude the option to be contacted directly by a HOPEline professional for additional support.

    The following locations are participating in the coordinated lighting on March 3:

    • Albany International Airport Gateway
    • Alfred E. Smith State Office Building
    • Empire State Plaza
    • Fairport Lift Bridge over the Erie Canal
    • Governor Mario M. Cuomo Bridge
    • Kosciuszko Bridge
    • Moynihan Train Hall
    • MTA LIRR – East End Gateway at Penn Station
    • Niagara Falls
    • One World Trade Center
    • State Education Building
    • State Fairgrounds – Main Gate & Expo Center
    • The “Franklin D. Roosevelt” Mid-Hudson Bridge
    • The H. Carl McCall SUNY Building

    The RPP was formed to bring all stakeholders together to address problem gambling, including bridging the gap between gaming facility operators and problem gambling treatment providers. The RPP works to ensure that all gaming entities in the state comply with all rules and regulations and provide access to help for individuals who need it. The RPP continues to collaborate to advance New York’s ongoing commitment to prevent and treat problem gambling. Learn more at playresponsiblyny.com.

    Those seeking help can visit NYProblemGamblingHelp.org or call New York State’s confidential HOPEline at 1-877-8-HOPENY (1-877-846-7369) or text HOPENY at 467369.

    MIL OSI USA News

  • MIL-OSI USA: Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China

    US Senate News:

    Source: The White House
    class=”has-text-align-left”>        By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:
            Section 1.  Background.  With Executive Order 14195 of February 1, 2025 (Imposing Duties to Address the Synthetic Opioid Supply Chain in the People’s Republic of China), I determined that the failure of the Government of the People’s Republic of China (PRC) to act to blunt the sustained influx of synthetic opioids, including fentanyl, flowing from the PRC to the United States constituted an unusual and extraordinary threat, which has its source in substantial part outside the United States, to the national security, foreign policy, and economy of the United States.  To address that threat, I invoked my authority under section 1702(a)(1)(B) of IEEPA to impose ad valorem tariffs on articles that are products of the PRC, as defined by the Federal Register notice described in section 2(d) of Executive Order 14195, as amended by Executive Order 14200 of February 5, 2025 (Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China).
            Pursuant to section 3 of Executive Order 14195, I have determined that the PRC has not taken adequate steps to alleviate the illicit drug crisis through cooperative enforcement actions, and that the crisis described in Executive Order 14195 has not abated.
           Sec. 2.  Amendment.  In recognition of the fact that the PRC has not taken adequate steps to alleviate the illicit drug crisis, section 2(a) of Executive Order 14195 is hereby amended by striking the words “10 percent” and inserting in lieu thereof the words “20 percent”.
           Sec. 3.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:             (i)   the authority granted by law to an executive department, agency, or the head thereof; or             (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.        (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.        (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.   
    THE WHITE HOUSE,    March 3, 2025.

    MIL OSI USA News

  • MIL-OSI USA: NASA Astronauts to Answer Questions from Students in Ohio, Texas

    Source: NASA

    Students from Ohio and Texas will have the chance to hear NASA astronauts aboard the International Space Station answer their prerecorded questions this week.
    At 12:55 p.m. EST, Wednesday, March 5, NASA astronauts Suni Williams, Nick Hague, Butch Wilmore, and Don Pettit will respond to questions submitted by students from Puede Network, in partnership with The Achievery in Dallas.
    At 10:30 a.m., Thursday, March 6, a separate call with NASA astronauts Williams, Hague, and Wilmore, will answer questions posed by students at Saint Ambrose Catholic School in Brunswick, Ohio.
    Watch the 20-minute space-to-Earth calls on NASA+. Learn how to watch NASA content on various platforms, including social media.
    The Puede Network, a Dallas-based youth organization, is collaborating with the Achievery, an online platform for connecting students with digital learning opportunities. Media interested in covering the event must RSVP by 5 p.m. Tuesday, March 4 to Rodrigo Oshiro at: rodrigo@happytogether.studio or +54 9 113068 7121.
    Saint Ambrose Catholic School, part of Saint Ambrose Catholic Church, is a preschool through 8th grade school focused on science, technology, engineering, arts, and mathematics. Media interested in covering the event must RVSP by 5 p.m., Wednesday, March 5 to Breanne Logue at: BLogue@StASchool.us or 330-460-7318.
    For more than 24 years, astronauts have continuously lived and worked aboard the space station, testing technologies, performing science, and developing skills needed to explore farther from Earth. Astronauts aboard the orbiting laboratory communicate with NASA’s Mission Control Center in Houston 24 hours a day through SCaN’s (Space Communications and Navigation) Near Space Network.
    Important research and technology investigations taking place aboard the space station benefit people on Earth and lays the groundwork for other agency missions. As part of NASA’s Artemis campaign, the agency will send astronauts to the Moon to prepare for future human exploration of Mars, inspiring Artemis Generation explorers and ensuring the United States continues to lead in space exploration and discovery.
    See videos and lesson plans highlighting space station research at:
    https://www.nasa.gov/stemonstation
    -end-
    Abbey DonaldsonHeadquarters, Washington202-358-1600abbey.a.donaldson@nasa.gov
    Sandra JonesJohnson Space Center, Houston281-483-5111sandra.p.jones@nasa.gov

    MIL OSI USA News

  • MIL-OSI USA: Going With the Flow: Visualizing Ocean Currents with ECCO

    Source: NASA

    Historically, the ocean has been difficult to model. Scientists struggled in years past to simulate ocean currents or accurately predict fluctuations in temperature, salinity, and other properties. As a result, models of ocean dynamics rapidly diverged from reality, which meant they could only provide useful information for brief periods.
    In 1999, a project called Estimating the Circulation and Climate of the Ocean (ECCO) changed all that. By applying the laws of physics to data from multiple satellites and thousands of floating sensors, NASA scientists and their collaborators built ECCO to be a realistic, detailed, and continuous ocean model that spans decades. ECCO enabled thousands of scientific discoveries, and was featured during the announcement of the Nobel Prize for Physics in 2021.
    NASA ECCO is a powerful integrator of decades of ocean data, narrating the story of Earth’s changing ocean as it drives our weather, and sustains marine life.
    The ECCO project includes hundreds of millions of real-world measurements of temperature, salinity, sea ice concentration, pressure, water height, and flow in the world’s oceans. Researchers rely on the model output to study ocean dynamics and to keep tabs on conditions that are crucial for ecosystems and weather patterns. The modeling effort is supported by NASA’s Earth science programs and by the international ECCO consortium, which includes researchers from NASA’s Jet Propulsion Laboratory in Southern California and eight research institutions and universities.
    The project provides models that are the best possible reconstruction of the past 30 years of the global ocean. It allows us to understand the ocean’s physical processes at scales that are not normally observable.

    Large-scale wind patterns around the globe drag ocean surface waters with them, creating complex currents, including some that flow toward the western sides of the ocean basins. The currents hug the eastern coasts of continents as they head north or south from the equator: These are the western boundary currents. The three most prominent are the Gulf Stream, Agulhas, and Kuroshio. NASA Goddard’s Scientific Visualization Studio.

    Seafarers have known about the Gulf Stream — the Atlantic Ocean’s western boundary current — for more than 500 years. By the volume of water it moves, the Gulf Stream is the largest of the western boundary currents, transporting more water than all the planet’s rivers combined.
    In 1785, Benjamin Franklin added it to maritime charts showing the current flowing up from the Gulf, along the eastern U.S. coast, and out across the North Atlantic. Franklin noted that riding the current could improve a ship’s travel time from the Americas to Europe, while avoiding the current could shorten travel times when sailing back.

    Franklin’s charts showed a smooth Gulf Stream rather than the twisted, swirling path revealed in ECCO data. And Franklin couldn’t have imagined the opposing flow of water below the Gulf Stream. The countercurrent runs at depths of about 2,000 feet (600 meters) in a cold river of water that is roughly the opposite of the warm Gulf Stream at the surface. The submarine countercurrent is clearly visible when the upper layers in the ECCO model are peeled away in visualizations.
    The Gulf Stream is a part of the Atlantic Meridional Overturning Circulation (AMOC), which moderates climate worldwide by transporting warm surface waters north and cool underwater currents south. The Gulf Stream, in particular, stabilizes temperatures of the southeastern United States, keeping the region warmer in winter and cooler in summer than it would be without the current. After the Gulf Stream crosses the Atlantic, it tempers the climates of England and the European coast as well.

    The Agulhas Current flows south along the western side of the Indian Ocean. When it reaches the southern tip of Africa, it sheds swirling vortices of water called Agulhas Rings. Sometimes persisting for years, the rings glide across the Atlantic toward South America, transporting small fish, larvae, and other microorganisms from the Indian Ocean. 
    Researchers using the ECCO model can study Agulhas Current flow as it sends warm, salty water from the tropics in the Indian Ocean toward the tip of South Africa. The model helps tease out the complicated dynamics that create the Agulhas rings and large loop of current called a supergyre that surrounds the Antarctic. The Southern Hemisphere supergyre links the southern portions of other, smaller current loops (gyres) that circulate in the southern Atlantic, Pacific, and Indian oceans. Together with gyres in the northern Atlantic and Pacific, the southern gyres and Southern Hemisphere supergyre influence climate while transporting carbon around the globe. 

    In addition to affecting global weather patterns and temperatures, western boundary currents can drive vertical flows in the oceans known as upwellings. The flows bring nutrients up from the depths to the surface, where they act as fertilizer for phytoplankton, algae, and aquatic plants.
    The Kuroshio Current that runs on the west side of the Pacific Ocean and along the east side of Japan has recently been associated with upwellings that enrich coastal fishing waters. The specific mechanisms that cause the vertical flows are not entirely clear. Ocean scientists are now turning to ECCO to tease out the connection between nutrient transport and currents like the Kuroshio that might be revealed in studies of the water temperature, density, pressure, and other factors included in the ECCO model.

    When viewed through the lens of ECCO’s temperature data, western boundary currents carry warm water away from the tropics and toward the poles. In the case of the Gulf Stream, as the current moves to far northern latitudes, some of the saltwater freezes into salt-free sea ice. The saltier water left behind sinks and then flows south all the way toward the Antarctic before rising and warming in other ocean basins. 

    Currents also move nutrients and salt throughout Earth’s ocean basins. Swirling vortexes of the Agulhas rings stand out in ECCO temperature and salinity maps as they move warm, salty water from the Indian Ocean into the Atlantic.

    ECCO offers researchers a way to run virtual experiments that would be impractical or too costly to perform in real oceans. Some of the most important applications of the ECCO model are in ocean ecology, biology, and chemistry. Because the model shows where the water comes from and where it goes, researchers can see how currents transport heat, minerals, nutrients, and organisms around the planet. 
    In prior decades, for example, ocean scientists relied on extensive temperature and salinity measurements by floating sensors to deduce that the Gulf Stream is primarily made of water flowing past the Gulf rather than through it. The studies were time-consuming and expensive. With the ECCO model, data visualizers at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, virtually replicated the research in a simulation that was far quicker and cheaper.

    The example illustrated here relies on ECCO to track the flow of water by virtually filling the Gulf with 115,000 particles and letting them move for a year in the model. The demonstration showed that less than 1% of the particles escape the Gulf to join the Gulf Stream. 
    Running such particle-tracking experiments within the ocean circulation models helps scientists understand how and where environmental contaminants, such as oil spills, can spread.

    Today, researchers turn to ECCO for a broad array of studies. They can choose ECCO modeling products that focus on one feature – such as global flows or the biology and chemistry of the ocean – or they can narrow the view to the poles or specific ocean regions. Every year, more than a hundred scientific papers include data and analyses from the ECCO model that delve into our oceans’ properties and dynamics. 

    [embedded content]
    Credits: Kathleen Gaeta Greer/ NASA’s Scientific Visualization Studio 

    Composed by James Riordon / NASA’s Earth Science News Team
    Information in this piece came from the resources below and interviews with the following sources: Nadya Vinogradova Shiffer, Dimitris Menemenlis, Ian Fenty, and Atousa Saberi.  

    Liao, F., Liang, X., Li, Y., & Spall, M. (2022). Hidden upwelling systems associated with major western boundary currents. Journal of Geophysical Research: Oceans, 127(3), e2021JC017649.
    Richardson, P. L. (1980). The Benjamin Franklin and Timothy Folger charts of the Gulf Stream. In Oceanography: The Past: Proceedings of the Third International Congress on the History of Oceanography, held September 22–26, 1980 at the Woods Hole Oceanographic Institution, Woods Hole, Massachusetts, USA on the occasion of the Fiftieth Anniversary of the founding of the Institution (pp. 703-717). New York, NY: Springer New York.
    Biastoch, A., Rühs, S., Ivanciu, I., Schwarzkopf, F. U., Veitch, J., Reason, C., … & Soltau, F. (2024). The Agulhas Current System as an Important Driver for Oceanic and Terrestrial Climate. In Sustainability of Southern African Ecosystems under Global Change: Science for Management and Policy Interventions (pp. 191-220). Cham: Springer International Publishing.
    Lee-Sánchez, E., Camacho-Ibar, V. F., Velásquez-Aristizábal, J. A., Valencia-Gasti, J. A., & Samperio-Ramos, G. (2022). Impacts of mesoscale eddies on the nitrate distribution in the deep-water region of the Gulf of Mexico. Journal of Marine Systems, 229, 103721.

    MIL OSI USA News

  • MIL-OSI Economics: EDGE and Thales strengthen strategic cooperation with MoU for advanced radio and IFF solutions

    Source: Thales Group

    Headline: EDGE and Thales strengthen strategic cooperation with MoU for advanced radio and IFF solutions

    On the occasion of IDEX-NAVDEX 2025, EARTH, an entity within EDGE, an advanced technology group headquartered in Abu Dhabi, and Thales, a global high technology and defence leader, have signed a Memorandum of Understanding (MoU) to strengthen their collaboration in radio communications, Identification Friend or Foe (IFF) solutions, and associated services. This agreement will support the UAE’s ambition to enhance the operational capabilities of its armed forces, particularly in equipping UAVs with advanced military communication technologies.

    EARTH is a world-class provider of engineering, systems integration, and procurement services to defence, national security and public safety clients in the UAE and internationally. Thanks to its expertise, EARTH has been elected by the UAE Air Force Air Defence as the system integrator to equip various airborne platforms with Thales radios and IFF.

    As part of this cooperation, Thales will provide military radios and advanced IFF transponders to EARTH, as system integrator on UAVs. The IFF solution, a miniature and lightweight transponder, is specifically designed for UAVs, helicopters, and transport platforms. It offers future-proof capabilities, including the potential integration of GPS and detect & avoid features, further strengthening mission-critical situational awareness.

    This agreement reflects Thales’s strategic ambitions in the UAE, reinforcing its long-standing presence as a trusted partner in defence, aerospace, digital, and cybersecurity. With 1,700 employees in the region, including 550 in the UAE, Thales has been developing sovereign solutions, investing in local talent, and fostering industrial partnerships to support the country’s national vision.

    EDGE Group’s strategic collaboration with Thales reflects our unwavering commitment to equipping the UAE’s armed forces with the world’s most reliable military communication technologies. By integrating Thales’ cutting-edge radios and IFF solutions into airborne platforms, we are enhancing mission-critical capabilities while reinforcing local expertise and innovation in our defence systems integration,” said Hazzaa Al Alabdouli, CEO of EARTH.

    “Our partnership with EARTH is a testament to our commitment to developing cutting-edge defence technologies and strengthening the UAE’s defence ecosystem. By localising expertise and co-developing advanced solutions, Thales is committed to helping build a more resilient and self-sufficient defence industry,” said Christophe Salomon, Executive Vice-President, Thales Secure Communications & Information Systems.

    Present in the UAE for more than five decades, Thales has played a key role in equipping land, sea, air, and space platforms with innovative electronic systems, including radars, sensors, sonars, communication systems, and digital solutions.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence, Aerospace, and Cyber & Digital.

    It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

    Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

    About EDGE

    Launched in November 2019, the UAE’s EDGE is one of the world’s leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly skilled talent to thrive.

    With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.

    For more information, visit edgegroup.ae

    MIL OSI Economics

  • MIL-OSI Canada: Company acquitted in workplace fatality

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI Security: Defense News: Beaufort Native Leads the Way at FRCE

    Source: United States Navy

    From writing a report titled “The Sound of Freedom” in elementary school to later enlisting in the Army, Beaufort, North Carolina, native David Rose has always been driven by a deep sense of dedication to serving his country.

    Today, as the Fleet Readiness Center East (FRCE) executive director – the senior civilian for a command workforce comprised of more than 4,000 civilian, contractor and military personnel – Rose continues to embody that commitment, proving that his passion for service has only grown stronger with time.

    Growing up in Eastern North Carolina, a region with strong military ties, Rose developed an appreciation for the armed forces and a lifelong desire to pursue law enforcement. This passion led him to join the Army in 1996, where he served as a military police officer during his five-year enlistment. Rose said several experiences throughout his youth inspired him to enlist, making it an obvious choice after graduating from East Carteret High School. 

    “As a child, I was fixated on becoming a police officer, but I also knew I wanted to serve my country in some capacity,” said Rose. “My grandfather and uncle served, so I felt inspired by them. Back in high school, I did some ride alongs with deputy sheriffs and state troopers who were mostly former military. They would tell me stories about their time in the military and I remember their advice was to join, so that also contributed to my decision.

    “Not only that, just being surrounded by the military presence here in Eastern North Carolina during my childhood was inspiring,” Rose continued. “The air shows, going to the state port in Morehead City to be a part of the fanfare as the Marines, sailors and soldiers returned from Operation Desert Storm, it all played a part in my decision. So, when I realized the Army offered my choice of military occupational specialty, it was a no-brainer.”

    After separating from the Army with an honorable discharge in 2001, Rose returned to Eastern North Carolina for a brief stint with the State of North Carolina Department of Public Safety. Soon after hearing about all the opportunities going on at the Naval Aviation Depot (NADEP), Rose decided to make a career change and accepted employment with Raytheon Aerospace supporting NADEP, which is now known as FRCE.

    “I had recently married, and we had our first child,” said Rose. “I decided it was a good time to reevaluate my career path.

    “Having grown up in the area, I was well aware of the many folks from the community that served in this command, to include some family members,” he continued. “Because of that, I already knew about the depot and its mission, and I was really intrigued by the opportunities here. Not only that, but it also allowed me to continue to serve my country in a similar capacity.”

    In 2002, Rose accepted employment as a civil servant and started his career with FRCE as a pneudraulic systems worker for the Maintenance, Repair and Overhaul Production Department, formerly known as the Production Floor Trades Department. He has since worked his way up the chain of command, gaining years of large-scale experience in diversified logistics and industrial operations, all of which led him to his current role of executive director.

    “I have been fortunate to be a part of the FRC East team for well over 20 years now and have grown very passionate for FRC East, its workforce and capabilities,” he said. “The people employed here are proud Americans and proud to support the mission. It’s not just a job. It’s a career, it’s a family, and I am incredibly grateful to be a part of it.” 

    As a military aviation maintenance, repair and overhaul depot, FRCE’s mission is to provide the nation’s military with the highest quality aircraft, engines, components and field services on time and at the best value to the American taxpayer. Rose said this is why the work FRCE does is so critical. 

    “What we do here is absolutely vital to national security,” said Rose. “As part of the Commander Fleet Readiness Centers, the FRC East team plays a crucial role in ensuring our military aviators, crew members and teammates can carry out their missions safely and efficiently. That’s why it’s imperative that we put forth our best efforts and diligence in producing high-quality products for the warfighter. We want them to have dependable assets for when they must take the fight to the enemy.”

    Rose said his experiences within the greater Naval Aviation Enterprise have helped him understand the role and impact the depot’s civilian workforce plays in supporting the Navy and Marine Corps fleet readiness, as well as the other services.

    “Back when I was an artisan on the shop floor, I remember the lasting impression of seeing aircraft and engines that were the result of the casualty of battle,” said Rose. “Seeing an engine with shrapnel or foreign object debris damage, or an aircraft riddled with holes from enemy fire — holy moly, it really puts everything into perspective. You’re looking at the very evidence of what our nation’s military members are subjected to as they defend our country. It gives you a sense of humility and pride because our mission here at FRC East is to turn those battle-damaged aircraft into mission-ready and fully combat-capable machines.”

    Sharing experiences like those with colleagues at FRCE has shown him that the depot’s strength truly lies in its people.

    “During my time here, I’ve had the privilege of working alongside some of the most selfless, skilled and dedicated individuals in the world,” said Rose. “I’ve witnessed first-hand the loyalty and dedication from many of the people who work here, and I can say with certainty that what makes FRC East truly special is its workforce. It’s not just about getting the job done – it’s about how and when presented with a challenge, we always come together to support each other and ultimately rise to the challenge and solve the problem.”

    Having worked alongside many skilled and dedicated people during his time at FRCE, Rose values both formal and informal mentorship. That’s why, in his new role, he plans to continue encouraging mentorship within the command.

    “As I sit here now, I can think of at least 20 individuals from our various occupations who have, through the course of my career, poured into me the guidance and support I needed to get to where I am today,” he said. “I admit, I don’t have all the answers, but I know within this organization, we have the people who, collectively, have all the answers. That’s the beauty of the FRC East team and mentorship. There is no challenge that we can’t overcome or solve together.”

    Just as mentors guide their mentees, Rose said he approaches his leadership role with the intent to do the same, believing that if you take care of your people, they will rise to any challenge. As a servant leader, someone who prioritizes the needs and growth of their team members above their own, Rose is committed to leading by example, willing to roll up his sleeves and do anything he asks of his employees.

    “I won’t ever do anything or ask anything of my folks that I wouldn’t do myself or haven’t already done myself,” said Rose. “That was something that was engrained into me during my time in the military. At FRC East, we are the largest industrial employer, arguably, east of interstate 95. It takes the entire team being laser focused, understanding that it takes everyone’s skill sets, experiences, and knowledge to make our mission happen – it’s all of us.”

    Rose described FRCE’s success as a puzzle with many pieces and, while each employee at the facility represents a piece, not all the pieces lie within the depot’s walls. He said a huge part of the puzzle is the support from the surrounding community.

    “We are very fortunate to have overwhelming support from our local and regional area,” said Rose. “The city of Havelock, Craven County, and all of the surrounding counties, within a 50-plus-mile radius, the State of North Carolina, and last but not least, Marine Corps Air Station Cherry Point – they all support our mission. 

    “There’s nothing like the local community here,” Rose continued. “They’re all rooting for us to succeed.  I’m aware of other communities surrounding other military organizations across the nation that may not favor them, but everyone here knows the importance of what we do. They advocate for us, and we are fortunate to have their support.”

    In the end, Rose’s decision to join the FRCE workforce in 2002 brought him back to his roots: advocating for the military, just as he did in a book report he wrote in the early 1980s as a student at Smyrna elementary school.

    “Back in the ‘80s, when I was in third or fourth grade, I wrote a book report I titled ‘The Sound of Freedom,’” Rose said. “It focused on the recent arrival of the AV-8B Harrier to Marine Corps Air Station Cherry Point and the importance of the military in the community. I remember making the point that, even at that young age, I valued the military presence in Eastern North Carolina and how it provides freedom and safety for all American citizens.

    “That report was, and still is, a big deal to me because it inspired me to learn more about and defend the mission of MCAS Cherry Point and the depot,” he continued. “It all came full circle in the end. Fast forward to now, as the executive director of the same facility I wrote about in that report as young child… who would have ever thought?”

    FRCE is North Carolina’s largest maintenance, repair, overhaul and technical services provider, with more than 4,000 civilian, military and contract workers. Its annual revenue exceeds $1 billion. The depot provides service to the fleet while functioning as an integral part of the greater U.S. Navy; Naval Air Systems Command; and Commander, Fleet Readiness Centers.

    MIL Security OSI

  • MIL-OSI Asia-Pac: IIFT Signs MoU with APEC – Antwerp/Flanders Port Training Center, Belgium to Strengthen Trade and Logistics Education

    Source: Government of India

    IIFT Signs MoU with APEC – Antwerp/Flanders Port Training Center, Belgium to Strengthen Trade and Logistics Education

    MoU to build cooperation,provide training and insights into global trade practices: Minister Shri Jitin Prasada

    Posted On: 03 MAR 2025 9:44PM by PIB Delhi

    The Indian Institute of Foreign Trade (IIFT) has signed a Memorandum of Understanding (MoU) with APEC – Antwerp/Flanders Port Training Center, Belgium, marking a significant step towards enhancing academic collaboration and knowledge exchange in the fields of international trade, logistics, and supply chain management.

    The MoU aims to strengthen trade education and training ties between India and Belgium by facilitating faculty and student exchanges for cross-cultural business learning. It includes joint research on port management, global logistics, and trade facilitation, along with specialized training programs, workshops, and industry interactions. Additionally, the collaboration will enhance knowledge transfer in critical areas such as e-governance, digital trade, and emerging business technologies.

    Addressing the gathering, Minister of State for Commerce & Industry,  Shri Jitin Prasada underscored the importance of international partnerships in strengthening India’s trade ecosystem. “India and Belgium have shared strong trade ties for decades. This MoU will further build on our cooperation, ensuring that our future business leaders are equipped with world-class training and insights into global trade practices.”

    The dignitaries from Belgium lauded the initiative, acknowledging the role of such collaborations in strengthening global trade networks. His Excellency Matthias Diependaele remarked that the people of India are making the right choices by choosing democracy, the rule of law, and partnership. He also highlighted Antwerp’s strategic location, noting that it serves as a vital gateway to Europe, facilitating trade and economic connectivity on a global scale. They expressed optimism about the positive impact this partnership will have on trade education and policy development.

    Commerce Secretary Shri Sunil Barthwal expressed his happiness over the signing of the MoU and reaffirmed India’s commitment to becoming globally competitive in international trade logistics through IIFT’s new initiative in collaborative research and training with APEC.

    Following the MoU signing, a roundtable discussion was held between the Minister-President of Belgium and IIFT alumni who had previously visited Flanders, sharing their experiences and key takeaways from the program.

    The MoU was signed in the presence of esteemed dignitaries, including Shri Jitin Prasada, Minister of State for Commerce & Industry; Additional Secretary, Ministry of Commerce & Industry – Ajay Bhadoo; the Belgian delegation – His Excellency Matthias Diependaele, Minister-President of the Flemish Government and Flemish Minister of Economy, Innovation, and Industry, Foreign Affairs, Digitalisation, and Facility Management; Mr. Jacques Vandermeiren, CEO of Port of Antwerp-Bruges; Mr. Dirk De Fauw, President of Port of Antwerp-Bruges International and Mr. Kristof Waterschoot, Managing Director of Port of Antwerp-Bruges International.

    From IIFT, the event was graced by Prof. Rakesh Mohan Joshi, Vice Chancellor, IIFT, along with senior faculty members and distinguished alumni who have previously benefited from exposure to the Port of Antwerp.

    Speaking at the event, Prof. Rakesh Mohan Joshi, Vice Chancellor, IIFT, emphasized the importance of this partnership in providing IIFT students with practical exposure to global trade and logistics operations. “This collaboration will not only enhance our students’ understanding of port operations and global supply chain mechanisms but also create opportunities for joint research, training programs, and faculty exchanges,” he said. He reiterated IIFT’s commitment to offering world-class education with practical insights into international trade and logistics.

    Mr. Kristof Waterschoot, Managing Director of Port of Antwerp-Bruges International, highlighted the longstanding relationship between Port of Antwerp and IIFT, stating, “This MoU will further solidify our efforts in capacity building and knowledge-sharing in trade facilitation.”

    This collaboration builds on the longstanding relationship between IIFT and the Port of Antwerp, which began in 2019 with 206 students from the institute visiting the port for firsthand learning. As an integral part of IIFT’s curriculum, port visits have enriched students’ understanding of supply chain efficiencies, customs regulations, and global trade operations.

    The event concluded with a commitment from both institutions to implement the objectives outlined in the MoU and work towards building a robust framework for academic and industry collaborations in international trade.

    About IIFT: Established in 1963 as an autonomous body under the Ministry of Commerce, the Indian Institute of Foreign Trade (IIFT) has gained Deemed University status and is one of the premier business institutions in India, focusing on Foreign Trade. It is highly regarded as an academic center of excellence in international business research, training, and education.

    About APEC – Antwerp/Flanders Port Training Center: APEC is a leading training institute affiliated with the Port of Antwerp-Bruges, providing specialized programs in port management, trade facilitation, and logistics, contributing to global capacity building in the maritime and trade sectors.
     

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PM to participate in three Post- Budget webinars on 4th March

    Source: Government of India

    PM to participate in three Post- Budget webinars on 4th March

    Webinars on: MSME as an Engine of Growth; Manufacturing, Exports and Nuclear Energy Missions; Regulatory, Investment and Ease of doing business Reforms

    Webinars to act as a collaborative platform to develop action plans for operationalising transformative Budget announcements

    Posted On: 03 MAR 2025 9:43PM by PIB Delhi

    Prime Minister Shri Narendra Modi will participate in three Post- Budget webinars at around 12:30 PM via video conferencing. These webinars are being held on MSME as an Engine of Growth; Manufacturing, Exports and Nuclear Energy Missions; Regulatory, Investment and Ease of doing business Reforms. He will also address the gathering on the occasion.

    The webinars will provide a collaborative platform for government officials, industry leaders, and trade experts to deliberate on India’s industrial, trade, and energy strategies. The discussions will focus on policy execution, investment facilitation, and technology adoption, ensuring seamless implementation of the Budget’s transformative measures. The webinars will engage private sector experts, industry representatives, and subject matter specialists to align efforts and drive impactful implementation of Budget announcements.

     

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Government Scales Up PLI Budget to Accelerate Manufacturing

    Source: Government of India (2)

    Government Scales Up PLI Budget to Accelerate Manufacturing

    A Push for Domestic and Global Competitiveness

    Posted On: 03 MAR 2025 6:51PM by PIB Delhi

    Introduction

    India’s manufacturing sector is undergoing a transformative shift, driven by visionary policies aimed at redefining its global standing. At the heart of this transformation is the Production Linked Incentive (PLI) Scheme, a cornerstone of the government’s strategy to establish India as a global manufacturing powerhouse while promoting innovation, efficiency, and competitiveness across key industries.

    In a strong push to accelerate industrial growth, the Government has significantly increased budget allocations for key sectors under the PLI Scheme in 2025-26, reaffirming its commitment to strengthening domestic manufacturing. Several sectors have witnessed substantial hikes, with allocations for Electronics and IT Hardware soaring from ₹5,777 crore (revised estimate for 2024-25) to ₹9,000 crore, and Automobiles and Auto Components seeing a remarkable jump from ₹346.87 crore to ₹2,818.85 crore. The Textile sector has also received a major boost, with its allocation surging from ₹45 crore to ₹1,148 crore.

    PLI Schemes with the Highest Budget Allocation (2025-26)

    Name of the Scheme

    Revised Estimates 2024-25 (₹ Crores)

    Budget Estimates 2025-26 (₹ Crores)

    Production Linked Incentive (PLI) Scheme
    in electronics manufacturing and IT hardware.

    5777.00

    9000.00

    PLI for Automobiles and Auto Components

    346.87

    2818.85

    PLI for Pharmaceuticals

    2150.50

    2444.93

    PLI for Textile

    45.00

    1148.00

    PLI for White Goods (ACs and LED Lights)

    213.57

    444.54

    PLI for Specialty Steel

    55.00

    305.00

    PLI for National Programme on Advanced Chemistry Cell (ACC) Battery Storage

    15.42

    155.76

     

    Launched in 2020, the PLI Scheme is more than just a policy; it is a strategic leap toward self-reliance. By targeting industries like electronics, textiles, pharmaceuticals, and automobiles, the initiative offers financial incentives tied directly to measurable outcomes such as higher production and incremental sales. This performance-driven approach not only attracts investments from domestic and global players but also encourages businesses to embrace cutting-edge technologies and achieve economies of scale.

    Sectors Covered Under PLI Scheme

    With an impressive outlay of ₹1.97 lakh crore (over US$26 billion), the PLI Schemes focus on 14 critical sectors, each strategically chosen to enhance the country’s manufacturing prowess, foster technological advancements, and elevate India’s position in global markets. These sectors are aligned with the government’s goal of strengthening domestic production and expanding exports, contributing to the broader vision of Atmanirbhar Bharat.

    The 14 sectors covered under the PLI Scheme include:

     Achievements and Impact

    The Production Linked Incentive (PLI) Schemes have made significant strides in transforming India’s manufacturing landscape. As of August 2024, actual investments totalling ₹1.46 lakh crore have been realized, with projections suggesting this figure will cross ₹2 lakh crore within the next year. These investments have already led to a remarkable boost in production and sales, amounting to ₹12.50 lakh crore, while directly and indirectly generating approximately 9.5 lakh jobs—this number is expected to rise to 12 lakhs in the near future.

    Exports have also seen a substantial uptick, surpassing ₹4 lakh crore, driven by key sectors such as electronics, pharmaceuticals, and food processing. The success of these schemes is evident in the accelerated growth of domestic industries, the increasing global competitiveness of Indian products, and the creation of millions of employment opportunities, all contributing to the nation’s broader economic goals.

    FDI Reforms and their Impact

    The PLI Scheme focuses on attracting investment in high-tech industries, strengthening domestic manufacturing capabilities, and enhancing India’s global competitiveness. By targeting key sectors, it aims to boost industrial growth and position India as a major manufacturing hub.

    To support this objective, the Government of India has introduced a liberalized Foreign Direct Investment (FDI) policy to promote manufacturing and economic expansion. Most sectors, including manufacturing, allow 100% FDI under the automatic route, removing the need for prior government approval. Between 2019 and 2024, significant FDI reforms were implemented, such as permitting 100% FDI in coal and contract manufacturing (2019), increasing the FDI limit in insurance to 74% while bringing the telecom sector under the automatic route (2021), and liberalizing the space sector (2024). These measures aim to attract global investors, enhance industrial capabilities, and boost domestic production.

    As a result of these reforms, FDI equity inflow in the manufacturing sector increased by 69%, rising from USD 98 billion (2004-2014) to USD 165 billion (2014-2024). With an investor-friendly approach and streamlined approval processes, the government continues to strengthen India’s position as a leading global manufacturing destination.

    Other sector specific achievements include:

    Largescale Electronics Manufacturing (LSEM)

    India’s electronics manufacturing sector has flourished under the PLI scheme, transforming from a net importer to a net exporter of mobile phones. Domestic production grew from 5.8 crore units in 2014-15 to 33 crore units in 2023-24, with imports dropping significantly. Exports reached 5 crore units, and Foreign Direct Investment increased by 254%, highlighting the scheme’s role in boosting manufacturing and investment.

    Pharmaceuticals, Medical Devices, and Bulk Drugs

    The PLI scheme has strengthened India’s position in the global pharmaceuticals market, making it the third-largest player by volume. Exports now account for 50% of production, and the country has reduced reliance on imports by manufacturing key bulk drugs like Penicillin G. Additionally, global companies have transferred advanced medical device technology, enabling India to produce critical equipment like CT scanners and MRI machines locally.

    Automotive Industry

    With an outlay of US$ 3.5 billion (₹20,750 crore), the automotive PLI scheme has driven significant investments and boosted production of high-tech automotive products. Over 115 companies applied, with 85 approved for incentives, attracting US$ 8.15 billion (₹67,690 crore) in investments, far exceeding the target. This success has strengthened India’s position in the global automotive sector.

    Renewable Energy and Solar PV

    The PLI scheme for solar PV modules has accelerated India’s renewable energy goals. The first phase, with an outlay of US$ 541.8 million (₹4,500 crore), established manufacturing capacity, while the second tranche aims to build 65 GW of capacity with US$ 2.35 billion (₹19,500 crore). The initiative is expected to create jobs, reduce imports, and drive solar innovation.

    Telecom and Networking Products

    India has achieved 60% import substitution in telecom products under the PLI scheme. Global tech companies have set up manufacturing units, turning India into a major exporter of 4G and 5G telecom equipment. This growth strengthens India’s telecom infrastructure and enhances its position in the global supply chain.

    Drones and Drone Components

    The drone sector has experienced rapid growth, with turnover increasing seven-fold under the PLI scheme. Driven by MSMEs and start-ups, this success has attracted significant investments and job creation, positioning India as a global leader in drone manufacturing.

    Conclusion

    The PLI Scheme stands as a cornerstone of India’s vision for Atmanirbhar Bharat and Make in India, driving self-reliance, innovation, and global competitiveness. With increased budget allocations, rising investments, and expanding exports, it is transforming key industries while reducing import dependence. By fostering a resilient and technologically advanced manufacturing ecosystem, the scheme is set to propel India toward sustained economic growth and leadership in global supply chains.

    References:

    Kindly find the pdf file 

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    Santosh Kumar/ Sarla Meena/ Anchal Patiyal

    (Release ID: 2107825) Visitor Counter : 82

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Retired Justice Michael Wilson and Professor Vesselin Popovski hail PM Gati Shakti as a solution to global transportation challenges

    Source: Government of India

    Retired Justice Michael Wilson and Professor Vesselin Popovski hail PM Gati Shakti as a solution to global transportation challenges

    PM Shri Narendra Modi’s visionary leadership has enabled PM Gati Shakti to spur innovation and sustainability: Retired Justice Wilson

    ODOP initiative set to transform India’s economy: Professor Popovski 

    Posted On: 03 MAR 2025 6:48PM by PIB Delhi

    The PM Gati Shakti Experiential Centre at Bharat Mandapam is extraordinary and is an example of India’s brilliance and its cutting-edge technology combined in a way that celebrates the tradition of the country. This was stated by Justice Michael Wilson, former Supreme Court Judge of Hawaii, United States of America who visited the high-tech Centre at New Delhi today. Professor Vesselin Popovski of Soka University, Japan also called the experience absolutely spectacular and added that it captures the beauty, diversity and creativity of the Indian government.

    Retired Justice Wilson expressed gratitude to Prime Minister Shri Narendra Modi for allowing him and his colleague Professor Vesselin Popovski to observe the cutting-edge approach to one of the international problems – transportation. He also remarked that the Experiential Centre provides hope to the world because it reflects immense dedication to the local heritage, artistry and shows at the same time that India understands sustainability.

    Noting that Hawaii has been experiencing environmental and transportation problems, Mr. Wilson praised PM’s efforts in implementing PM Gati Shakti and said that the initiative will give citizens hope as it reflects dedication to the heritage, local artistry and also at the same time realises that we live in a planet that needs to be taken care of. Elaborating on the initiative, Mr. Wilson emphasised that PM Gati Shakti shows that the country with the biggest population can have faster modes of transportation if attention is given to best and sustainable practices. Idea of speed coupled with technology brings together international capital at the world stage, he said.

    The dignitaries were given a tour of the PM Gati Shakti Experiential Centre in Bharat Mandapam by Shri Ramesh Verma, Deputy Secretary, Logistics Division, Department for Promotion of Industry and Internal Trade (DPIIT). Speaking on his experience of the tour, Mr. Wilson remarked that the Experiential Centre captures the talent, expertise and the entrepreneurial spirit of the country to grow its economy that is sustainable.

    Professor Vesselin, on his experience of the Centre, said that the 40-min experience at the Centre made him realise that India truly is a future global power. On One District One Product (ODOP), which is also showcased at the Centre, he said that the initiative will benefit the producers, consumers, suppliers and every stakeholder in the value chain. The ODOP also connects industries from agriculture, textile to manufacturing. It also is an opportunity for international investment, foreign consumers are also going to benefit from the initiative, he said. Professor Popovski also stressed on the young demographic of the country and pointed out that India’s educated youth have the capability to be the future of the world for the next 60 years. 

    The Gati Shakti Experiential Centre is a state-of-the-art audio-visual museum for PM Gati Shakti and the One District One Product (ODOP) scheme and has been developed at the ITPO Complex in New Delhi. Using cutting-edge technologies like a 270-degree screen and holographic displays, the centre will raise awareness about various initiatives on logistic and transportation showcasing their success.

    PM Gati Shakti incorporates the infrastructure schemes of various Ministries and State Governments such as Bharatmala, Sagarmala, inland waterways, dry/land ports, and UDAN. This digital platform is designed to bring various Ministries, including Railways and Roadways, to ensure integrated planning and coordinated execution of infrastructure projects. The initiative aims to provide seamless and efficient connectivity for the movement of people, goods, and services across various modes of transport, thereby enhancing last-mile connectivity and reducing travel time.

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    Abhishek Dayal/Abhijith Narayanan/Asmitabha Manna

    (Release ID: 2107823) Visitor Counter : 14

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Answer to a written question – Protecting food producers in the European Union and negotiations with Mercosur countries – E-002289/2024(ASW)

    Source: European Parliament

    The EU is the world’s largest exporter of agri-food products, with a trade surplus of EUR 70 billion in 2023. This is also thanks to its network of trade agreements.

    Mercosur is a large and highly protected market with great potential for high quality European agri-food exports such as some dairy products, processed foods, olive oil, malt, some fruits, wines, spirits and non-alcoholic beverages.

    Regarding sensitive EU agricultural products, such as beef and poultry, the EU has negotiated limited concessions in the form of tariff rate quotas that represent a small fraction of EU consumption.

    These partial openings will be introduced in gradual stages to allow for a smooth transition. They will be coupled with safeguard clauses to protect the EU market in case imports from Mercosur would cause serious injury.

    As regards standards, the EU has negotiated legally binding chapters on trade and sustainable development in all recent comprehensive trade agreements to ensure EU trading partners implement strong labour and environmental commitments.

    In addition, the EU Deforestation Regulation[1] requires that certain commodities to be placed on the EU market must originate from non-deforested areas.

    Finally, as regards health and safety the EU’s sanitary and phytosanitary standards are non-negotiable and are not affected by this or any other trade agreement.

    The decisions that the EU takes to protect its production and its consumers are underpinned by risk assessments, which are performed by the European Food Safety Authority.

    Imported products must always comply with the EU’s stringent food safety requirements regardless of the existence of a trade agreement with the exporting country.

    • [1] Regulation (EU) 2023/1115 of the European Parliament and of the Council of 31 May 2023 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation; https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1115

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – 36th Working Group meeting on the Scrutiny of the Recovery and Resilience Facility – Committee on Economic and Monetary Affairs

    Source: European Parliament

    On 4 March 2025, the Working Group on the Scrutiny of the Recovery and Resilience Facility (RRF) will hold its first meeting of the 10th parliamentary term.

    Discussions will focus on the ‘State of play of the RRF: economic and social impact and RRF budgetary execution’. The following speakers have been invited to contribute to the debate: Céline Gauer (Director General and Head of the Reform and Investment Task Force, European Commission), Ettore Dorrucci (Head of Division for Fiscal Policies, ECB), Zsolt Darvas (Senior Fellow, Bruegel) and Marco Cilento (Head of Institutional Policy, European Trade Union Confederation).

    The meeting will be web streamed.

    MIL OSI Europe News