Category: Transport

  • MIL-OSI Europe: NRRP: payment request for eighth instalment, equal to EUR 12.8 billion, sent to European Commission

    Source: Government of Italy (English)

    The payment request for the eighth instalment of the National Recovery and Resilience Plan (NRRP), equal to EUR 12.8 billion, was sent to the European Commission today.

    The request was submitted following the NRRP steering committee meeting held on 24 June, which verified the achievement of the 40 required objectives (28 targets and 12 milestones), including reforms and investments that are strategic for Italy’s economic and social growth. With the payment request for the eighth instalment, Italy has consolidated its leading position in Europe in terms of implementation of its NRRP, which will enable it to exceed EUR 153 billion over the coming months, corresponding to approximately 79% of the Plan’s total resources. 

    The measures implemented as part of the eighth instalment include: digitalisation of the Guardia di Finanza [Italian Finance Police], with innovative IT systems to fight economic crime; more than 1,000 language and methodology courses for school teachers; the launch of projects to update school curricula in over 8,000 schools and guide students towards STEM skills; implementation of culture and tourism enhancement projects by supporting approximately 2,000 small and medium-sized enterprises; redevelopment of around 50 historical parks and gardens. Furthermore, 1,400 km of rail infrastructure have been equipped with the European Rail Traffic Management System (ERTMS); an advanced and integrated monitoring and forecasting system has been created to identify hydrogeological risks in Italy’s southern regions; marine habitat protection and coastal observation work has been carried out; improvements to the energy efficiency of public housing have been planned; with regard to universities, 5,000 research projects of national interest have been funded, approximately 2,300 new researchers have been hired, more than 550 research grants have been allocated, and financing has been provided for research programmes and projects on rare and severely debilitating diseases. 

    In addition to these investments, there are also important reforms to boost the economic competitiveness of companies, including the reform to reduce payment delays by central and local government authorities, regional authorities, autonomous provinces and national health service bodies, and the reform to launch simplification and streamlining for business incentives.

    In line with the previous payment requests, the eighth instalment will be disbursed upon completion of the standard assessment process provided for by European procedures, the aim of which is to verify that all required milestones and targets have been met.

    MIL OSI Europe News

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for June 2025 of its Virtune Crypto Altcoin Index ETP

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 2nd of July 2025 – Virtune AB (Publ) (“Virtune”) today announces that it has completed the monthly rebalancing of the Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm and Nasdaq Helsinki (ISIN code SE0023260716).

    In addition to the Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio includes:

    Virtune Stellar ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Litecoin ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Polygon ETP
    Virtune Staked Cardano ETP
    Virtune Crypto Top 10 Index ETP
    Virtune Bitcoin Prime ETP
    Virtune Coinbase 50 Index ETP

    Index allocation as of 30th June (before rebalancing):

    Uniswap: 17.00%
    XRP: 12.82%
    Litecoin: 12.67%
    Solana: 12.49%
    Chainlink: 11.79%
    Stellar Lumen: 11.56%
    Avalanche: 11.13%
    Cardano: 10.55%

    Index allocation as of 30th June (after rebalancing):

    Solana: 12.50%
    XRP: 12.50%
    Cardano: 12.50%
    Avalanche: 12.50%
    Chainlink: 12.50%
    Litecoin: 12.50%
    Stellar: 12.50%
    Uniswap: 12.50%

    In connection with this month’s rebalancing, no change was made to the composition of the index.

    The performance of the Virtune Crypto Altcoin Index ETP for June was -4.60%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Crypto Altcoin Index. The purpose of the monthly rebalancing is to reset the weights of each crypto asset to provide equal-weighted exposure to altcoins.

    In June, crypto markets were mixed. Uniswap led with a 17.8% gain, followed by XRP at 2.95%. Solana and Litecoin slipped slightly, while Chainlink fell 4.25%. Avalanche and Cardano saw the sharpest drops at -13.7% and -16.6%, making them the month’s weakest performers.

    Performance of the crypto assets in the Virtune Crypto Altcoin Index ETP during June:

    Uniswap: +17.8%
    XRP: +2.95%
    Solana: -1.08%
    Litecoin: -1.12%
    Chainlink: -4.25%
    Avalanche: -13.7%
    Cardano: -16.6%

    Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region. It includes up to 10 leading alternative crypto assets (altcoins), excluding Bitcoin and Ethereum, that are part of the Nasdaq Crypto Index. Each altcoin is equally weighted to promote diversification; this structure allows investors to gain broad exposure to crypto assets beyond Bitcoin and Ethereum without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to explore how our ETPs can support your asset management strategy or to learn more about Virtune and our product offering, please feel free to contact us at hello@virtune.com. You can also visit www.virtune.com to learn more and subscribe to our newsletter for updates on upcoming ETP launches and other news related to digital assets.

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

    Virtune, headquartered in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange traded products listed on regulated European exchanges. Through regulatory compliance, strategic partnerships with leading industry players, and our experienced team, we empower global investors to access innovative and sophisticated investment solutions aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities June increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network

  • MIL-OSI United Kingdom: New river legacy project in York

    Source: City of York

    Published Tuesday, 1 July 2025

    Ousewem has launched a new flagship initiative in York, designed to reconnect residents with their rivers and neighbourhoods, whilst inspiring action on flood resilience and climate change.

    Building on the success of Natural Flood Management (NFM) projects across the Swale, Ure, Nidd and Upper Ouse catchments, this new riverside route will tell the story of how communities, landscapes and local leadership are coming together to shape a more climate-resilient future.

    The project, will be co-designed with residents, schools and stakeholders, is being delivered in partnership with Innovate Educate – a creative consultancy known for embedding research, participation and place-based learning into every stage of their work.

    Councillor Jenny Kent, Executive Member for Environment and Climate Emergency at City of York Council, added:

    This project shows our commitment to working with York communities in visible and lasting ways.

    “By telling the story of our rivers and the actions being taken to reduce flooding, we are helping people understand the value of nature-based solutions – not just in the countryside but here in the heart of the city.”

    Karen Merrifield, Director of Innovate Educate, said:

    We believe creativity is a core part of climate resilience -not an afterthought.

    “This project is about more than signage or information, it is about co-creating something that belongs to York’s communities. From schoolchildren to heritage professionals, everyone has a part to play in imagining a future shaped by care, connection and the river itself.”

    The route will feature creative elements and educational resources, helping residents and visitors of all ages explore how nature-based solutions, land use and local action are shaping a safer, greener future for York. It will also act as a platform for partnerships that connect climate resilience with the region’s rich cultural assets – from libraries and archives to heritage schools and local artists.

    Opportunities for sponsorship may also be explored, supporting further investment in climate resilience and nature recovery across York and North Yorkshire. Just as rivers connect places upstream and downstream, this project links people across the catchment – from rural landowners to city residents – in a shared effort to live better with water.

    Early engagement will begin this summer, with schools, community groups and partners invited to shape how the story of York’s rivers is shared.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Vilo the puppy rescued from tenement destroyed in fire

    Source: Scotland – City of Perth

    The puppy called Vilo, which means “to live” or “to thrive and flourish” in Slovakian, was feared killed in the Scott Street fire which occurred in the early hours of Saturday 14 June.

    However, the chihuahua was later spotted in the window of the building by nearby residents. Perth and Kinross Council reached out to charity Missing Pets Perth and Kinross for advice.

    Once restrictions over the site of the fire were removed the charity’s volunteers flew a drone over the tenement and used thermal imaging to pinpoint its location.

    They then provided traps for demolition workers to put out each night containing food and water. Cameras inside showed Vilo taking enough to survive – but not venturing far enough inside to set the traps off.

    It was only when clothes belonging to her owners were placed in the crates that the rescue team were able to bring Vilo back down to ground level on Friday, 27 June, almost two weeks after the fire.

    Katie McCandless from the charity said: “This is a little bit of hope in some dark times.

    “Perth and Kinross Council contacted us for some help and advice about what the best thing to do was. I’ve been running this charity for 14 years but this is the first type of case like this I’ve ever been involved in.

    “We knew it was a delicate situation and had to be handled sensitively, a lot of residents have lost everything.”

    Following Vilo’s rescue, she was taken to a vet for a check over and, remarkably, is suffering no ill effects.

    It also emerged Vilo had also managed to make herself a bed in a wardrobe, where she escaped the noise and disruption of the demolition work going on around her during the day.

    Katie said: “She does not have a single mark on her and her paw pads are completely fine. She smells a bit of smoke but had minimal smoke inhalation. She really is a miracle dog”

    The dog belongs to the Ridaj family, who stayed in the top-floor of the tenement. Dad Maros said:  “We are very happy that the dog is safe and has been returned to us.”

    Councillor Eric Drysdale, deputy leader of Perth and Kinross Council and ward member for Perth City Centre, said: “This really is a remarkable story.

    “I would like to thank everyone who helped return Vilo to her family safely -, the neighbouring family who reported seeing her, Missing Pets Perth and Kinross, Council staff who supported the rescue and, of course, the team from Reigart Contracts who assisted while carrying out dangerous and urgent demolition work.

    “We know there are people still grieving after the fire because of the loss of loved ones, the loss of their homes and the impact on businesses nearby.

    “But this amazing rescues is emblematic of the kindness people have shown in the wake of the tragedy – and the extra mile people have been willing to go to help others affected by this awful situation.”

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: LCQ14: The Joint Office for Investigation of Water Seepage Complaints

    Source: Hong Kong Government special administrative region

    LCQ14: The Joint Office for Investigation of Water Seepage Complaints 
    Question:
     
    It is mentioned in the website of the Joint Office for Investigation of Water Seepage Complaints (JO) that “under normal circumstances, seepage caused by the penetration of rainwater through roofs, flat roofs, balconies, external walls or windows of a building or from leaking water pipes will not have public health implications and is not nuisance actionable by the Regional Joint Office under the Public Health and Municipal Services Ordinance (Cap. 132)”. In this connection, will the Government inform this Council:
     
    (1) of the number of requests for assistance relating to water seepage received by JO in each year since 2022 and, among them, the number of those in which the seepage was caused by the penetration of rainwater through roofs, flat roofs, balconies, external walls or windows of a building or from leaking water pipes, and thus could not be handled by JO;
     
    (2) as there are views that JO currently carries out water seepage investigations by issuing nuisance notices or orders under Cap. 132, the scope of which is confined to the wilful damage to drains, cesspools, wells or nuisance to any sanitary convenience, but the existing mechanism fails to effectively address the predicament faced by members of the public who have long been suffering from water seepage caused by defective waterproofing layers on rooftops, whether the authorities will consider amending Cap. 132 to gradually include important water seepage problems (e.g. rooftop leakage) in the definition of “nuisance”, so as to expand the enforcement responsibilities of JO, such that the affected members of the public will be provided with assistance; if so, of the details; if not, the reasons for that; and
     
    (3) given that under section 34H of the Building Management Ordinance (Cap. 344) concerning the “duty to maintain property”, “where a person who owns any part of a building, has the right to the exclusive possession of any part of a building or has the exclusive right to the use, occupation or enjoyment of that part, as the case may be, but the deed of mutual covenant in respect of the building does not impose an obligation on that person to maintain the part in good repair and condition, that person shall maintain that part in good repair and condition”, whether the authorities will consider amending the relevant provisions to stipulate that all the owners or owners’ corporations owe an obligation to undertake maintenance works to keep the property in “good repair and condition”, and at the same time expanding the powers of JO to issue warnings to and impose penalties on defaulters; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
    Proper management and maintenance of private property is the responsibility of property owners. If water seepage occurs in private buildings, the owners concerned may first co-operate among themselves to engage professionals or consultancy firms for carrying out water seepage investigation to identify the source of seepage and conducting necessary repair works to fulfill owners’ responsibility of proper management, maintenance and repair of buildings. Consultancy firms or professionals are also available in the market to provide services for investigating and handling water seepage problems. A list of consultancy firms and experts providing professional advice and services on water seepage problems has been uploaded onto the websites of the Food and Environmental Hygiene Department (FEHD) and the Buildings Department (BD) for public reference. When the water seepage condition concerned has caused health nuisance, risk to structural safety of the building or water waste, the Government will take enforcement action in accordance with the Public Health and Municipal Services Ordinance (Cap. 132) (PHMSO), the Buildings Ordinance (Cap. 123) (BO) and the Waterworks Ordinance (Cap. 102) respectively.
     
    If owners are unable to resolve water seepage problems in consultation with their neighbours, they can seek assistance from the Joint Office (JO) jointly set up by the FEHD and the BD. Through inter-departmental co-ordination, the JO seeks to identify the source of water seepage using one-stop and systematic testing methods and requires the owners concerned to carry out repair works by exercising the powers conferred by the law, leveraging the expertise of relevant departments and with co-operation of the owners or occupants concerned.
       
    Having consulted the Environment and Ecology Bureau (EEB), the FEHD and the Home Affairs Department, the replies to the various parts of the question are as follows:

    (1) If the water seepage constitutes a health nuisance, the JO will follow up on the case in accordance with the PHMSO and take criminal prosecution action as appropriate. If rainwater seepage through rooftops, podiums, balconies, external walls or windows of buildings poses building safety risks (e.g. concrete spalling from ceilings, corrosion of reinforcement), or if the seepage is related to defective drainage pipes such as rainwater pipes or foul water pipes of the buildings, the JO will refer the case to the BD for action in accordance with the BO. If water supply pipes are found to be defective and resulting in wastage of water supply, the JO will refer the case to the Water Supplies Department (WSD) for action under the Waterworks Ordinance. 
    For rooftop water seepage, the JO will refer the case to the BD under the aforementioned mechanism. Based on the investigation results, the BD will issue an advisory letter to the owner concerned to carry out water seepage investigations and follow-up actions as soon as possible. If the seepage is found to constitute building structural safety risk, the BD may issue a building repair order, an investigation order or a drainage repair order in accordance with the BO as appropriate. With regard to defective buildings or drains, a person is liable to an offence for failing to comply with a statutory order served under the law to carry out remedial works.
     
    Since the aforesaid mechanism for handling rooftop water seepage has been serving its purpose, the EEB considers that currently it is not necessary to amend the PHMSO. 
    The Public Health and Municipal Services (Amendment) Ordinance 2025 (the Amendment Ordinance) was passed by the Legislative Council and will come into operation on August 17, 2025. To expedite the handling of public health nuisances such as water seepage in buildings, the Amendment Ordinance will extend the hours during which public officers are allowed to enter premises from the existing 7am to 7pm to 7am to 10pm, and non-compliance with the Notice of Intended Entry will be an offence punishable by a fine up to level 2 (i.e. $5,000). To enhance the deterrent effect, the penalty for non-compliance with Nuisance Notices and Orders will be increased from a fine at Level 3 to Level 4 (i.e. $10,000 to $25,000) and from a fine at Level 4 to a fine at Level 5 (i.e. $25,000 to $50,000).
    Issued at HKT 16:01

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Appointments of Under Secretary for Health, as well as Chairman and Chief Executive of Hospital Authority (with photos)

    Source: Hong Kong Government special administrative region

         The Government announced today (July 2) the following appointments:
     
     (1) Dr Cecilia Fan Yuen-man has been appointed as the Under Secretary for Health and will assume office on July 14, 2025;
     (2) Dr Libby Lee Ha-yun has been appointed as the Chief Executive of the Hospital Authority (HA) with effect from August 1, 2025, for a term of three years; and
     (3) Mr Henry Fan Hung-ling, the incumbent Chairman of the HA, has been reappointed for a term of one year with effect from December 1, 2025.
     
         The Chief Executive, Mr John Lee, has appointed Dr Cecilia Fan as the Under Secretary for Health to succeed Dr Libby Lee.  Dr Lee has tendered her resignation and will leave her post on July 14, and Dr Fan will assume the post of Under Secretary for Health on the same day.
     
         The HA Board commenced open recruitment of its Chief Executive this January to succeed Dr Tony Ko, who will not seek reappointment upon completion of his contract at the end of July this year. The Selection Board was led by the HA Chairman and, after a global recruitment process and prudent consideration, recommended the appointment of Dr Lee as the Chief Executive of the HA. The appointment has been endorsed by the HA Board and approved by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR).
     
         Dr Lee will join the HA to assume the post of Chief Executive on August 1. Advice from the Advisory Committee on Post-office Employment for Former Chief Executives and Politically Appointed Officials has been sought on the appointment.
     
         The Secretary for Health, Professor Lo Chung-mau, welcomed the newly appointed Under Secretary for Health, Dr Fan, to the Health Bureau, and looked forward to jointly promoting healthcare reform and innovation in the HKSAR as well as improving and protecting public health with her. “Dr Fan has extensive experience in public health management, and participated in the co-ordination of anti-epidemic and disaster relief efforts on multiple occasions, receiving commendations from the Chief Executive and the National Health Commission and demonstrating the leadership and adaptability skills necessary to promote reform,” he said.
     
         Professor Lo also thanked Dr Lee, who will soon leave the post of the Under Secretary for Health and take up the post of the Chief Executive of the HA, and said, “Dr Lee joined the HA after graduation from medical school and had long been serving in the public healthcare system until she took up the post of the Under Secretary in 2022. Dr Lee has served as the Under Secretary for almost three years and has showcased her excellent leadership, presentation and interpersonal skills. She also has a thorough understanding of the challenges faced by the healthcare system and the strategies on a macro level and will surely lead, in her new capacity, the HA to drive reform and innovation, enhancing public healthcare services.
     
         “As the cornerstone of the healthcare system, the governance of the HA is the most important part of the deepening of the healthcare system reform. I am thankful to Mr Fan for continuing to serve as the Chairman and supporting the reform pursued by the Government. I trust that the HA, under the leadership of Mr Fan and Dr Lee, will further take forward the relevant work in the future to ensure that the public healthcare system will provide the public with healthcare services of higher quality, safety and effectiveness.
     
         “I would also like to take this opportunity to express once again my appreciation for Dr Ko, who most earnestly made significant contributions to the development of the public healthcare system over the years. I wish him all the best in his future endeavours.”
     
         Following are the biographical notes on the appointed Under Secretary for Health and Chief Executive of the HA:
     
    Dr Cecilia Fan Yuen-man
    �����
         Aged 57, Dr Cecilia Fan is currently Consultant Family Medicine (Elderly Health Service) of the Department of Health (DH).
     
         Dr Fan joined the DH in 1992 and has served therein for over 30 years.  Apart from family medicine and elderly health services, she co-ordinated and participated in work in various areas, including the Professional Development and Quality Assurance Service. She also took part in co-ordination work at medical posts of quarantine centres during multiple epidemics, including outbreaks of the severe acute respiratory syndrome in 2003, human swine influenza in 2009, and COVID-19during 2020-2022. In February 2023, Dr Fan led the DH’s medical team to join the HKSAR search and rescue team in frontline search and rescue work at the quake-stricken areas in Türkiye. She was the only person from the SAR who received the National Outstanding Individuals in the Foreign Medical Aid commendation by the National Health Commission.
     
         Dr Fan holds a medical degree from the University of Hong Kong and a master’s degree in public health from the Chinese University of Hong Kong, as well as a number of professional qualifications. She is trained as a family physician.

    Dr Libby Lee Ha-yun
    �����
         Aged 53, Dr Libby Lee has been the Under Secretary for Health since July 2022.
     
         Dr Lee joined the executive team of the HA in 2008 and was promoted to Director of Strategy and Planning in 2016.  During her tenure as the Director of Strategy and Planning, she oversaw the formulation of strategies and operational plans, the co-ordination of community and primary care services, and the planning and implementation of capital works projects in relation to the HA’s provision of healthcare services. Her duties at that post also included conducting studies and analyses in relation to demographic changes and challenges faced by the HA and projecting corresponding resource requirements. Dr Lee has served on various professional bodies including as Council Member for the Hong Kong College of Anaesthesiologists and the Hong Kong College of Community Medicine.
     
         Dr Lee holds a medical degree and a master’s degree in public health from the University of Hong Kong as well as a number of professional qualifications. She is trained as an anaesthesiologist and a practitioner in administrative medicine.

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: “Active citizens” are invited to test their knowledge of the “Summer in Moscow” project

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Project “Active Citizen” and the capital Department of Entrepreneurship and Innovative Development invite citizens to join quiz, dedicated to the bright objects of the project “Summer in Moscow”.

    This season, the city streets were decorated not only fresh flowers, but also unique art pavilions project “Made in Moscow”. Residents and visitors of the city can visit 12 points and “Green Market” on Bolotnaya Square, where products from Moscow brands are presented. For example, fashionable clothes, cosmetics, desserts from Moscow confectioners, pet products and much more. In addition, you can try ice cream with an exclusive flavor created for the summer season in Moscow.

    The Made in Moscow project summed up the first days of work of art pavilions and the Green Market

    There are eight questions in the quiz. Each question has five possible answers, only one of which is correct. Thus, “active citizens” will need to remember what famous samovar the object on Arbat is made in. Voters will also learn what is taught at master classes in the Raketa art pavilion on Rozhdestvenka Street. And also – what is the name of the art pavilion with Moscow cosmetics and the space where they sell ice cream and soft drinks.

    For correct answers, participants are awarded points in the city loyalty program “A Million Prizes”. They can be used to receive goods and services from partner organizations of the program, discounts in cafes and restaurants, as well as to top up the Troika transport card and parking account in the Parking of Russia application. In addition, points can be donated to charity.

    “Made in Moscow” — a project to promote local brands. There are already more than seven thousand of them, and the site contains over 34 thousand products created in the capital. Entrepreneurs receive free support measures, including information, and the opportunity to participate in major city events.

    Project “Summer in Moscow” — the main event of the season. It unites the most vibrant events of the capital. Every day in all districts of the city there are charity, cultural and sports programs, most of which are free. The Summer in Moscow project is being held for the second time, and the new season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Project “Active Citizen” has been operating since 2014. During this time, more than seven million people have joined it, and over seven thousand votes have been held. Every month, the city implements 30 to 40 decisions made by Muscovites. The project is being developed by the State Institution “New Management Technologies” and the Moscow Department of Information Technology.

    The creation, development and operation of the e-government infrastructure, including the provision of mass socially significant services, as well as other services in electronic form, correspond to the objectives of the national project “Data Economy and Digital Transformation of the State” and the regional project of the city of Moscow “Digital Public Administration”.

    Get the latest news quickly official telegram channelthe city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/156122073/

    MIL OSI Russia News

  • MIL-OSI Russia: Pakistan to expand Gwadar port to facilitate maritime trade, regional connectivity

    Translation. Region: Russian Federal

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

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

    ISLAMABAD, July 2 (Xinhua) — Pakistan’s Ministry of Maritime Affairs on Tuesday announced a comprehensive plan to expand operations at Gwadar Port by establishing new shipping lines and introducing ferry services to Gulf Cooperation Council (GCC) countries, the ministry said in a statement.

    Chairing the meeting, Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said the initiative was part of a larger strategy to strengthen regional connectivity, expand Pakistan’s maritime trade and make Gwadar a major transhipment and logistics hub in the Arabian Sea.

    The minister added that the expansion would facilitate growing trade with Central Asia and the Middle East, while positioning Gwadar as a central hub in regional supply chains.

    As part of this initiative, the Ministry also plans to launch ferry services from Gwadar to the GCC countries to provide affordable and direct sea transportation for passengers and cargo.

    Located in the southwestern province of Balochistan, the port is a key component of the China-Pakistan Economic Corridor (CPEC).

    Launched in 2013, the flagship project of China’s Belt and Road Initiative links the port of Gwadar with Kashgar in northwest China’s Xinjiang Uyghur Autonomous Region. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Beijing’s largest airport expects passenger traffic to rise in summer months

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, July 2 (Xinhua) — Beijing Daxing International Airport, the largest airport in the Chinese capital, expects passenger traffic to rise to over 9.52 million in July and August, the peak summer holiday period.

    From July 1 to August 31, Daxing Airport is expected to handle 60,400 flights, receiving and sending 9.52 million passenger times, up 4.18 percent and 4.41 percent, respectively, compared to a year earlier. The peak of traffic is expected on August 5, when up to 1,031 flights will pass through the airport, and the passenger flow will amount to 170,500 passenger times.

    The surge is driven by a mix of students, tourists and relatives visiting, with destinations such as the relatively cooler cities in China’s northeast and southwest, Southeast Asian countries and some European cities including London, Moscow and Amsterdam becoming particularly popular.

    The simplified visa procedures are helping to boost cross-border tourism. In July and August, the peak summer holiday season, the Daxing Airport checkpoint is expected to handle an average of 100 international flights per day, with an inbound and outbound passenger flow of 17,000 people. Since the beginning of this year, the airport’s total inbound and outbound passenger flow has exceeded 2.7 million people. -0-

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: LCQ12: Attracting Mainland and overseas residents to visit Hong Kong

    Source: Hong Kong Government special administrative region

    LCQ12: Attracting Mainland and overseas residents to visit Hong Kong 
    Question:
     
    It has been reported that in recent years, our country has continued to expand the scope of its visa-free policy by, apart from expanding its unilateral visa-free policy to 47 countries, implementing a visa-free transit policy for 55 countries, thereby facilitating overseas visitors’ travel to the Mainland. For Hong Kong, the Central Government added 10 Mainland cities (such cities) eligible for travelling to Hong Kong under the Individual Visit Scheme (IVS) in March and May last year, and resumed and expanded the multiple-entry IVS for Shenzhen residents to visit Hong Kong in December. Regarding efforts to attract Mainland and overseas residents to visit Hong Kong, will the Government inform this Council:
     
    (1) of, each month since June last year, (i) the number of overseas travelers entering the Mainland via Hong Kong, (ii) the number of overseas travelers leaving the Mainland via Hong Kong, (iii) such travelers’ average length of stay in Hong Kong, and (iv) their nationalities (i.e. the top 10 nationalities with the highest number of visitors);
     
    (2) in light of our country’s relaxation of its visa-free transit policy for overseas travelers and extension of their maximum stay on the Mainland to 240 hours, whether the authorities have sought from the Central Government the inclusion of all Hong Kong checkpoints into the scope of the aforesaid national policy to further enhance Hong Kong’s role as a tourism hub, thereby attracting more overseas travelers to enter and leave the Mainland via Hong Kong, and to travel around and consume in Hong Kong;
     
    (3) of the monthly number of visitors from such cities to Hong Kong and their average length of stay in Hong Kong during the period from May last year to May this year;
     
    (4) of the measures taken by the authorities (including publicity and promotional campaigns, encouraging airlines to increase flights between Hong Kong and such cities, and promoting co-operation between the tourism industries of Hong Kong and such cities) to attract more visitors from such cities to Hong Kong;
     
    (5) since the resumption and expansion of the multiple-entry IVS for Shenzhen residents in December last year, of the monthly number of Shenzhen permanent residents and Shenzhen non-permanent residents holding residence permits visiting Hong Kong and their average length of stay in Hong Kong; and
     
    (6) whether the authorities has discussed with the Central Government and sought to open up the multiple-entry IVS for residents of Guangzhou, Beijing and Shanghai to visit Hong Kong, with the aim of promoting trade and business exchanges and attracting more overnight visitors to Hong Kong; if so, of the details and the results of the discussions; if not, the reasons for that?
     
    Reply:
     
    President,
     
    The Hong Kong Special Administrative Region Government (HKSARG) expressed gratitude to the Central Government for the high regard and care for the development of Hong Kong’s tourism industry as well as rolling out a number of measures benefiting Hong Kong’s tourism industry in 2024, including the optimisation of the Individual Visit Scheme (IVS) to cover all provincial capitals in our country, and the resumption and expansion of the multiple-entry IVS for Shenzhen. The HKSARG will continue to make good use of the Central Government’s measures benefitting Hong Kong to reinforce the Mainland visitor source market, and continue to liaise with the Mainland on facilitating international visitors’ entry arrangements to the Mainland via Hong Kong, thereby underpinning Hong Kong’s role as the international gateway to our country.
     
    In consultation with the Transport and Logistics Bureau (TLB), the Security Bureau and the Immigration Department (ImmD), the consolidated reply to the question raised by Hon Yiu Pak-leung is as follows:

    (1) and (2) According to the statistics provided by the ImmD, from June 2024 to May 2025, the number of overseas visitor arrivals entering and leaving the Mainland via Hong Kong is tabulated below by month:
     

    Month 
    The ImmD does not maintain information on the average length of stay of the above visitors in Hong Kong. According to the information provided by the Hong Kong Tourism Board (HKTB), amongst the inbound non-Mainland visitors from June 2024 to May 2025, 7.62 million arrivals were overnight visitors and their average length of stay in Hong Kong was 3.2 days.

    According to the statistics provided by the ImmD, from June 2024 to May 2025, the top 10 nationalities of overseas visitors entering the Mainland via Hong Kong are tabulated below by month:
     

    Month/ Ranking2024202420252025According to the statistics provided by the ImmD, from June 2024 to May 2025, the top 10 nationalities of overseas visitors leaving the Mainland via Hong Kong are tabulated below by month:
     

    Month/ Ranking20242024202520252025Hong Kong has long been the gateway for overseas visitors to enter the Mainland, as well as a “super connector” and “super value-adder” linking up the Mainland with the rest of the world. The Culture, Sports and Tourism Bureau (CSTB) has been committed to strengthening Hong Kong’s position as an international tourism hub, and has been closely monitoring the visa-free policies introduced by our country. The CSTB will, on the basis of the existing 144-hour visa-free policy for Guangdong province, continue to discuss with the relevant ministries of the Central Government the arrangements to facilitate international visitors to enter the Mainland via Hong Kong, with a view to attracting more international visitors to take Hong Kong as their first stop or transit point in their multi-destination travel itineraries to our country, leveraging Hong Kong’s role as a connector.

    (3) to (6) The The IVS was expanded to Xi’an and Qingdao on March 6, 2024, and further expanded to Taiyuan, Hohhot, Harbin, Lhasa, Lanzhou, Xining, Yinchuan and Urumqi on May 27, 2024. For the period from May 2024 to May 2025, the number of Mainland visitor arrivals from the aforesaid 10 newly added cities is tabulated below by month:
     

    MonthThe number of visitor arrivals to Hong Kong holding the multiple-entry IVS since its resumption and expansion in Shenzhen on December 1, 2024, is tabulated below by month:
     

    MonthThe ImmD does not maintain information on the average length of stay of the above visitors in Hong Kong. According to the information provided by the HKTB, of the inbound Mainland visitors from May 2024 to May 2025, overnight visitors and same-day visitors were 16.11 million and 21.94 million respectively, and the average length of stay of overnight Mainland visitors in Hong Kong was 3.1 days.

    To attract more residents from the 10 cities to visit Hong Kong, the CSTB, in collaboration with the HKTB, have rolled out a series of promotional activities.  After the expansion of the IVS to Xi’an and Qingdao in March 2024, the CSTB and the HKTB led a delegation to visit the two cities, and launched large-scale advertisements in local commercial districts, achieving a total exposure of 23.8 million views. After the expansion of the IVS to all provincial capitals, trade representatives from the eight newly added IVS cities, including Taiyuan, Hohhot, Harbin and others, were invited for a familiarisation trip to Hong Kong in June 2024 to have an in-depth exploration of Hong Kong’s local culture.
     
    Starting from April 2024, the HKTB has distributed over 40 000 sets of discount vouchers, each valued at HK$200, to visitors from the 10 newly added IVS cities through travel agents and airlines, stimulating visitor spending in Hong Kong.
     
    Moreover, the TLB has been working closely with the Airport Authority Hong Kong (AA) to strategically attract both local and non-local airlines to open new routes and increase flight frequencies through outreach teams, incentive schemes and policy facilitation measures, thereby further strengthening the air connectivity between Hong Kong and Mainland cities. Notably, the AA launched in June last year the Air Network Development Programme, which has so far attracted 29 airlines to open 60 new routes and increase flight frequencies to 14 destinations, including passenger flights to Xi’an, Qingdao, Lhasa, Lanzhou, and Urumqi. The current passenger flight services between the Mainland and Hong Kong have completely covered the 10 newly added the IVS cities last year. Compared to the period before the expansion of the IVS, the total number of flights to and from these cities has increased by 80 per cent.
     
    Regarding the promotion of trade collaboration, the CSTB provided funding support to the Travel Industry Council of Hong Kong to organise trade visits to Harbin and Taiyuan in February and June 2025 respectively and will visit Xi’an in October 2025.  Through business exchanges with the representatives from the cultural and tourism departments and trade organisations of those cities, we foster business co-operation between the tourism trade of Hong Kong and those cities, facilitating exchange of visitors and developing business opportunities.
     
    In terms of suggestions to orderly optimise the IVS, namely the expansion of the multiple-entry IVS to other Mainland cities, the CSTB will continue to discuss with relevant ministries of the Mainland, with a view to enabling Mainland visitors to visit Hong Kong in a more convenient and flexible manner, thereby fostering the development of the tourism-related industries.
    Issued at HKT 15:50

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI: Bitwise Lists NEAR Staking ETP on Xetra, Broadening Suite of Index-Based Staking Strategies

    Source: GlobeNewswire (MIL-OSI)

    • Bitwise NEAR Staking ETP is the latest addition to Bitwise’s European index-linked staking ETP suite — aiming to offer investors efficient, regulated exposure to NEAR, the Blockchain for AI.
    • NEAR Protocol: A high-performance, energy-efficient, layer-11blockchain built for the AI era—powering cross-chain interoperability and AI-native applications through fast, user-friendly infrastructure.
    • Staking: The Bitwise NEAR Staking ETP will seek to stake the NEAR tokens held by the product, with the objective of generating additional returns of approximately 5.5% net of fees and TER, while providing investors with daily liquidity on the stock exchange.

    02 July 2025. Frankfurt: Bitwise today announced the launch of the Bitwise NEAR Staking ETP (Ticker NEAR; ISIN DE000A4A5GV2) on Deutsche Börse Xetra. NEAR Protocol is a blockchain platform known for its approach to scalability, low-cost performance, and a user-first vision of decentralization – powering 45M+ monthly active users and 8M daily transactions2.

    The Bitwise NEAR Staking ETP is designed for both institutional and retail investors who are familiar with digital assets and seeking to diversify their portfolios. The launch marks another milestone in a series of product innovations designed to broaden investment access to the crypto market, provide high-quality investment solutions and timely market insights, and promote transparency and accountability in what is shaping up to be a landmark year for the crypto industry.

    The ETP is fully backed and issued in Germany, designed with the objective to deliver efficient staking returns, low total cost of ownership, and superior performance compared to other NEAR staking ETP solutions currently on the market. Staking yields accumulate daily in the ETP seeking to enhance performance. Using a robust and transparent benchmark, the CF NEAR Staked Return Index, investors can accurately track the performance of the ETP after costs and fees compared to the market standard NEAR staking return.

    The Biwise NEAR Staking ETP is the fourth to be launched as part of Bitwise’s European Total Return product suite including the Bitwise Ethereum Staking ETP (Ticker: ET32 | ISIN DE000A3G90G9), which recently surpassed €200 million in assets under management.

    Bradley Duke, Head of Europe at Bitwise, said: “We are so pleased to launch this new ETP in partnership with NEAR. There is a lot of noise in the world of crypto and we are excited to partner with a genuine innovator in both blockchain and AI. The Bitwise NEAR Staking ETP gives investors exposure to price movements in the NEAR token as well as compounded return from staking rewards all with Bitwise’s best-in-class ETP structure.”

    Illia  Polosukhin, Co-Founder NEAR Foundation:NEAR was built to power a new kind of internet—one where AI serves people, not platforms. This ETP brings that vision closer to investors worldwide. By making NEAR more accessible through Bitwise’s trusted products, we’re accelerating mainstream adoption of user-owned AI infrastructure.”

    NEAR Protocol – a layer-1 blockchain designed for usability and scalability

    NEAR Protocol is a blockchain platform designed to make advanced technologies like artificial intelligence more accessible and useful. Launched in 2020, NEAR addresses common challenges in blockchain—like slow speeds and high costs—by using a technology called sharding to process many transactions at once.

    What sets NEAR apart is its focus on real-world usability: it lets people access apps and services with usernames—similar to email addresses—rather than traditional Web3 wallet codes. It also operates across different blockchains, aiming to simplify the transfer of assets and data between platforms. NEAR is already being used to power AI tools, digital wallets, and applications that give users greater control over their data and digital identity. Its architecture is particularly well-suited for AI, providing the speed, scalability, and data privacy required to support AI-powered applications and autonomous agents.

    In Q2 2025, NEAR ranked #2 among the most-used blockchain platforms in terms of monthly active users, just after Solana3. This growth is driven in part by NEAR’s chain abstraction technology, which makes it easier for people to use apps across different blockchains without needing multiple wallets or tokens. With chain signatures, users can access and control accounts on other blockchains directly through their NEAR account, making cross-chain activity simple and intuitive.

    Developers also benefit from NEAR’s infrastructure. Its customizable smart contracts support multichain financial applications using secure cryptographic tools—without the need for bridges or wrapped tokens, which can introduce risk and complexity.

    Staking NEAR

    Staking is a way to generate income for crypto asset owners, and is a key feature for NEAR. On the NEAR Protocol, staking allows token holders to help validate transactions on the network, contributing to its security and reliability. In return, they earn additional tokens – so called staking rewards—similar to how dividends work in traditional equities.

    For investors, the Bitwise NEAR Staking ETP may offer a streamlined way to gain exposure to staking rewards without managing the technical aspects of staking or token custody directly. While direct NEAR holders can stake through wallets or validators, the ETP offers distinct benefits—particularly daily liquidity, as it is traded on regulated stock exchanges and involves no lock-up periods or manual delegation. Additionally, the underlying NEAR tokens are held in secure cold storage by a professional institutional custodian, which offers an added layer of asset protection.

    Key Product Details

    ETP Name Bitwise NEAR Staking ETP
    Primary Ticker NEAR
    ISIN / WKN DE000A4A5GV2 / A4A5GV
    Index Benchmark CF NEAR Staked Return Index
    Expected NET Staking Reward 5.5%*
    TER 0.85% p.a.

    *The Net Staking Reward reflects the staking return after all fees (Staking Service Fee and TER) have been deducted, on a per-ETP unit basis. This figure represents the return the ETP is expected to deliver, expressed in annualised, non-compounded % terms. Note: The rate is subject to change based on network and market dynamics. The Net Staking Rewards are accumulated daily within the ETP, seeking to enhance performance. This mechanism increases the cryptocurrency entitlement per ETP unit at the end of each trading day, meaning that the amount of NEAR backing each ETP share adjusts upward over time. You can view the current entitlement per ETP unit in the Cryptocurrency Entitlement Table available on the product page at www.bitwiseinvestments.eu/products.

    – Ends –

    About NEAR Foundation

    NEAR Protocol is the blockchain for AI. A high-performance, AI-native platform built to power the next generation of decentralized applications and intelligent agents. It provides the infrastructure AI needs to transact, operate, and interact across Web2 and Web3. NEAR combines three core elements: User-Owned AI, which ensures agents act in users’ best interests; Intents and Chain Abstraction, which eliminate blockchain complexity for seamless, goal-driven transactions across chains; and a sharded blockchain architecture that delivers the scalability, speed, and low-cost execution needed for real-world AI and Web3 use. This integrated stack makes NEAR the foundation for building secure, user-owned, AI-native applications at internet scale.

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence, managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past five years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit http://www.bitwiseinvestments.eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information  
    This press release does not constitute investment advice, opinions are those of Bitwise and do not constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.  
      
    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:  
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. Diversification does not guarantee a profit or protect against a loss. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.com./eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.  Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks. 


    1 Source: NEAR Foundation
    2 Source: Bitwise Europe Research; NEAR Foundation
    3 Source: Artemis, Bitwise Europe; https://app.artemisanalytics.com/chains

    The MIL Network

  • Dalai Lama says he will be reincarnated, his Trust will lead search for his successor

    Source: Government of India

    Source: Government of India (4)

    The Dalai Lama said on Wednesday that he will be reincarnated and that his non-profit institution will have the sole authority to identify his reincarnation, countering China’s insistence that it will choose the successor of the Tibetan Buddhist leader.

    The remarks by the Dalai Lama, who turns 90 on Sunday, end speculation among millions of followers about whether there would be another Dalai Lama after his death. The Nobel peace laureate was speaking during a week of celebrations to mark his birthday which was expected to be closely watched by the U.S., India and China for clues about his successor for strategic reasons. There was no immediate comment from China.

    “I am affirming that the institution of the Dalai Lama will continue,” the Dalai Lama said in a video message to a gathering in Dharamshala, a town in the foothills of the Himalayas in northern India, that was attended by more than 100 monks in maroon robes, journalists from around the world and long-time supporters including Hollywood star Richard Gere.

    Beijing views the Dalai Lama, who fled to India from Tibet in 1959 after a failed uprising against Chinese rule, as a separatist. The Dalai Lama has previously said his successor will be born outside China and urged his followers to reject anyone chosen by Beijing. In previous years, he had also said it was possible that there might be no successor at all.

    The Dalai Lama added that the Gaden Phodrang Trust, the non-profit organisation that he set up to maintain and support the tradition and institution of the Dalai Lama, has the sole authority to recognise his future reincarnation in consultation with the heads of Tibetan Buddhist traditions.

    “They should accordingly carry out the procedures of search and recognition in accordance with past tradition … no one else has any such authority to interfere in this matter,” the Dalai Lama said.

    Tibetan tradition holds that the soul of a senior Buddhist monk is reincarnated in the body of a child upon his death.

    Born as Lhamo Dhondup on July 6, 1935, to a farming family in what is now Qinghai province, the 14th Dalai Lama was identified as such a reincarnation when he was just two years old by a search party on the basis of several signs, such as a vision revealed to a senior monk, the Dalai Lama’s website says.

    He is now regarded as one of the world’s most influential religious figures, with a following extending well beyond Buddhism, and was awarded the Nobel Peace Prize in 1989.

    ‘NO INSTRUCTIONS ON SUCCESSION’

    Samdhong Rinpoche, a senior official of the Gaden Phodrang Trust told reporters that the Dalai Lama was in good health and he has not given any written instructions yet on the succession.

    He said the successor can be of any gender and that their nationality would not be restricted to Tibet.

    China says its leaders have the right to approve the Dalai Lama’s successor, as a legacy from imperial times. A selection ritual, in which the names of possible reincarnations are drawn from a golden urn, dates to 1793, during the Qing dynasty.

    Chinese officials have repeatedly said the reincarnation of the Dalai Lama should be decided by following national laws that decree use of the golden urn and the birth of reincarnations within China’s borders.

    Penpa Tsering, leader of the Central Tibetan Administration, the Tibetan government-in-exile in India, said the Dalai Lama would be open to visiting Tibet if his health permits and if there were no restrictions from China.

    He also said that the U.S. had lifted some restrictions on funds for Tibetans in exile and that the Tibetan government was looking for alternate sources of funding.

    The United States, which faces rising competition from China for global dominance, has repeatedly said it is committed to advancing the human rights of Tibetans. U.S. lawmakers have previously said they would not allow China to influence the choice of the Dalai Lama’s successor.

    (Reuters)

  • Wimbledon: Sinner remains ice cool as Gauff, Pegula and Zverev join bonfire of seeds

    Source: Government of India

    Source: Government of India (4)

    World number one Jannik Sinner stayed ice cool to move serenely into the Wimbledon second round but it was a second successive day of upsets at a sizzling All England Club as a succession of seeded players crashed and burned on Tuesday.

    American second seed Coco Gauff, chasing a French Open-Wimbledon double after her Paris triumph, was the day’s most surprising casualty, losing 7-6(3) 6-1 to Ukraine’s Dayana Yastremska as the sun set on a sultry day.

    Gauff’s compatriot Taylor Fritz, the world number five, survived a five-set firefight by the skin of his teeth against big-serving Frenchman Giovanni Mpetshi Perricard.

    But the same could not be said of 13 of the men’s seeds who fell at the first hurdle – a Wimbledon record since 32 seeds were introduced in 2001.

    Nine seeds also perished in the women’s first round while the eight top-10 seeds to go out across both singles draws amounted to the highest at a Grand Slam in the professional era.

    Germany’s Alexander Zverev was the most notable men’s casualty, the third seed losing 7-6(3) 6-7(8) 6-3 6-7(5) 6-4 to France’s Arthur Rinderknech in a marathon duel that began on Monday and was locked at one set apiece overnight.

    “I’m not sure he’s ever played a match like that in his life,” said Zverev, who is still chasing a first Grand Slam title after 38 attempts.

    Italian Lorenzo Musetti, seeded seventh, was bundled out on Court Two by Nikoloz Basilashvili – the same court where earlier American women’s third seed Jessica Pegula was sent packing 6-2 6-3 by Italian Elisabetta Cocciaretto.

    A red-hot Sinner never looked like joining the exodus as he beat fellow Italian and close friend Luca Nardi 6-4 6-3 6-0 in a victorious return to the Grand Slam stage after his epic French Open final defeat by Carlos Alcaraz last month.

    “I tried to put the friendship away for a couple of hours,” Sinner, who conceded only four points when he landed his first serve, told reporters.

    Novak Djokovic closed out the day’s action on the main showcourt by getting past Frenchman Alexandre Muller 6-1 6-7(7) 6-2 6-2 despite being hampered by a stomach bug midway through his match. He will face Briton Dan Evans next.

    After seven British players won singles matches on Monday – a professional era record at Wimbledon – home fans had more to cheer on Tuesday as fourth seed Jack Draper, his nation’s big hope, avoided any dramas by easing past Argentina’s Sebastian Baez who retired hurt trailing 6-2 6-2 2-1.

    In total, 10 British players have reached round two.

    KREJCIKOVA TESTED

    Women’s defending champion Barbora Krejcikova was tested by promising 20-year-old Filipina Alexandra Eala but after a slow start she found her form to win 3-6 6-2 6-1 on her return to Centre Court after last year’s surprise triumph.

    “I mean, what the hell (kind of tennis) she played in the first set?” said Krejcikova, praising her opponent.

    “She was smashing the ball and cleaning the lines, so wow, wow. She’s going to be really good in a couple of years.”

    Five-times Grand Slam champion Iga Swiatek, seeded eight, has yet to conquer Wimbledon but showed positive signs when she beat Polina Kudermetova 7-5 6-1 while Russian teenager Mirra Andreeva advanced after a 6-3 6-3 victory over Mayar Sherif.

    Both might have expected Gauff to be a major obstacle but the world number two subsided against Yastremska.

    “I feel like mentally I was a little bit overwhelmed with everything that came afterwards,” Gauff said about the spell following her Paris triumph last month.

    “I didn’t feel I had enough time to celebrate and also get back into it.”

    The women’s draw is now without three of its top five seeds after number five Zheng Qinwen of China, the Olympic champion, suffered a third successive Wimbledon first-round defeat, beaten 7-5 4-6 6-1 by Czech doubles specialist Katerina Siniakova.

    “I believe if I get through the first match, I will start to play better and better (on grass),” Zheng said. “The problem is the first match for me is complicated.”

    Many will lament the exit of Wimbledon dark horse Alexander Bublik, seeded 28th. The Kazakh showman is guaranteed entertainment with his array of trick shots but he was unable to avoid the exit door, as he was dragged into battle by Spaniard Jaume Munar and beaten 6-4 3-6 4-6 7-6(5) 6-2.

    Late in the day yet another seed fell when Frenchman Ugo Umbert was beaten by veteran countryman Gael Monfils, again defying his 38 years to edge a five-setter.

    American Fritz survived, though, letting out a huge roar as he beat Perricard 6-7(6) 6-7(8) 6-4 7-6(6) 6-4 in a match carried forward from Monday. Perricard’s consolation for losing the cliffhanger was a 153 mph serve – a Wimbledon record.

    Tommy Paul took out Briton Johannus Monday with little fuss, the 13th seed cruising through 6-4 6-4 6-2, but it was the end of the road for fellow American and 30th seed Alex Michelsen who fell 6-2 3-6 6-3 3-6 7-6(6) to Serbia’s Miomir Kecmanovic.

    Zeynep Sonmez became the first Turkish woman to reach the second round at the grasscourt Grand Slam when she battled past Romania’s Jaqueline Cristian 7-6(3) 6-3.

    Victoria Mboko found out a few hours before she faced Magdalena Frech that she had entered the main draw as a Lucky Loser due to Anastasia Potapova’s withdrawal and the Canadian teenager rode her luck to stun the 25th seed 6-3 6-2.

    Fourteen years after first adding her name to the Wimbledon honours board, twice champion Petra Kvitova performed her last dance on the lawns, the Czech losing 6-3 6-1 to American 10th seed Emma Navarro.

    (Reuters)

  • MIL-OSI Russia: Permission has been issued for the construction of two residential buildings in Kapotnya under the renovation program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the Kapotnya district, two residential buildings with a common underground section will appear under the renovation program. The capital’s State Construction Supervision Committee (Mosgosstroynadzor)The head of the department reported this. Anton Slobodchikov. Work will begin at the address: 1st quarter of Kapotnya, land plot No. 4.

    “The committee has issued permits, and now the developer can begin work on the site. Two L-shaped buildings will consist of four sections each. The area of residential premises in the new building is almost 29 thousand square meters. The first floors are designed as non-residential – public and commercial facilities can be located there,” said Anton Slobodchikov.

    The residential premises will be fully finished in accordance with the standards of the renovation program and the necessary equipment will be installed, including kitchen sinks and stoves, plumbing and lighting fixtures.

    The buildings will have through entrances decorated with stained glass. They will house concierge rooms and pram rooms. The facades will be ventilated and covered with concrete tiles and porcelain stoneware.

    Trees and shrubs will be planted, sidewalks and driveways will be built next to the house on an area of about 12 thousand square meters. Children’s and sports playgrounds with rubberized surfaces will be equipped in the yard.

    “Each house under the renovation program has individual design solutions. Two residential buildings in Kapotnya will be finished with modern and durable materials. The color scheme is based on calm natural shades that go well together: creamy white, beige, chocolate, graphite, pale brown,” said the chief architect of the capital, first deputy chairman of the Committee for Architecture and Urban Development of the City of Moscow (Moskomarkhitektura)

    Sergey Kuznetsov.

    On the instructions of Sergei Sobyanin, special attention is being paid to residential properties under the renovation program in the capital. As Anton Slobodchikov reported, the buildings will be erected under the supervision of inspectors from Mosgosstroynadzor at all stages of the construction cycle. After the developer submits a notice to the committee about the start of construction and installation work, a schedule of inspections will be drawn up. Specialists from the subordinate Center of Expertise will be involved in the on-site events to carry out a set of laboratory and instrumental studies of building materials and structures for compliance with design documentation.

    The renovation program was approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. Sergei Sobyanin ordered to increase the pace of implementation of the program in twice.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quickly official telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/156059073/

    MIL OSI Russia News

  • MIL-OSI Russia: Five sports facilities with swimming pools will be opened by the end of the year after major repairs

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Swimming remains one of the most popular sports among the capital’s residents. As part of the strategy for the modernization and development of the sports sector until 2030, Moscow plans to expand the network sports infrastructure, including increasing the number of swimming pools.

    During this time, 175 sports facilities will be renovated in the city under the comprehensive capital repair program, including 58 with swimming pools. This year, five centers with swimming pools will be opened for visitors after renovation. In 2026, repairs are planned for six more such facilities.

    During the works, the facades of buildings, utility networks, pool bowls and entrance groups will be modernized. Modern heating and water filtration systems will be installed. To improve safety, floor markers indicating the depth will appear in bypass zones.

    For visitors with limited mobility, there will be special lifts with a hydraulic mechanism and a ladder for an assistant. Electronic timing boards will be installed in the pools, displaying not only the time, air and water temperature, but also the results of the swims. In addition, the sports facilities will be equipped with modern equipment: starting blocks, turnaround stands, handrails. There will also be updated inventory: fins, pull-pull boards, noodles and rowing paddles.

    “Today, the capital pays much attention to the development of sports infrastructure and improvement of water facilities. Modern anti-slip tiles are appearing in the pools, the water filtration system and other communications are being improved, and the inventory is being updated. All this makes visiting the pool comfortable for visitors,” shared Vladislav Ivanov, instructor of the Pegas sports complex.

    As part of the implementation of the Moscow sports development strategy, in 2024, after major repairs, it resumed operations Moskvorechye swimming poolThe complex’s facades and swimming pool bowls were renovated, the roof was replaced, electrical installation work was carried out, and waterproofing was improved.

    Today, there are more than 2,700 free swimming groups for Moscow residents, organized by the capital Department of SportsYou can sign up through the “Services” section on the portal “Moscow Sport”.

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

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

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

    https: //vv.mos.ru/nevs/ite/156083073/

    MIL OSI Russia News

  • MIL-OSI Russia: Buses will temporarily replace trams between Krasnoselskaya metro station and Belorussky railway station

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Five tram routes will be changed from July 10 during the construction of a new intersection at the intersection of Kalanchevskaya Street and Masha Poryvayeva Street. For up to 28 days, ground rail transport will not run between the Krasnoselskaya metro station and Belorussky Railway Station, as well as in the area of the Russian University of Transport (MIIT) and the Novoslobodskaya metro station. The changes will affect routes No. 7, 9, 13, 37 and 50.

    Trams will operate during this period:

    — No. 7 — from the metro station “Bulvar Rokossovskogo” to the metro station “Sokolniki”;

    — No. 9 — will not work;

    — No. 13 and 50 will be combined into a single route No. 13 50, which will run from Metrogorodok past the Krasnoselskaya, Baumanskaya and Aviamotornaya metro stations to the Compressor Culture Center;

    — No. 37 — from Novogireevo station of the fourth Moscow Central Diameter (MCD-4) to Lefortovo Bridge.

    Instead of trams, compensation buses will be launched. Bus No. 07 will run from Sokolniki metro station to Belorussky railway station, and the route of electric bus C510 will be extended from Tikhvinskaya street to Novoslobodskaya metro station.

    Passengers will also be able to use buses T88, T22, 604, the museum trolleybus T and the metro.

    Passengers are asked to plan their trips in advance, taking into account temporary restrictions and follow information about all changes in the operation of trams in the Telegram channel “Deptrans. Promptly”, on the website Moscow metro and other resources of the capital’s transport complex. Information will also be available at tram stops.

    Development of the tram network

    As a result of the work on the area of three railway stations, a three-track tram intersection will appear for the first time in the capital, said the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov. Thanks to this, the routes towards the metro stations “Prospekt Mira” and “Chistye Prudy” will be divided into directions. The work is being carried out as part of the construction of a new section along Akademika Sakharova Avenue.

    “The construction of a tram line along Akademika Sakharova Avenue is the largest tram network development project in recent decades, which is being implemented in accordance with Sergei Sobyanin’s task. Thanks to this, for the first time in the capital, there will be diametric tram routes through the city center, and the Komsomolskaya metro stations of the Circle and Sokolnicheskaya lines will be relieved by 10 percent. Convenient stops will be built on the new section and a short transfer from trams to two MCD lines will be made,” added Maxim Liksutov.

    The new tram line will connect Komsomolskaya Square with Chistoprudny Boulevard. In total, it is planned to lay more than two kilometers of tracks. With the opening of the new line, the first diametric tram routes will appear in the capital, which will connect the eastern, southern and south-eastern districts and pass through the city center. The first route will run from Metrogorodok to the Chertanovskaya metro station, and the second – from the Novogireevo station of the fourth Moscow Central Diameter to the Universitet metro station. They will connect 19 districts of Moscow and will serve about two million residents. Along the new line there are many administrative and financial institutions, such as the Ministry of Agriculture of the Russian Federation, the Federal Antimonopoly Service and the Federal Agency for State Property Management.

    Tram tracks on Academician Sakharov Avenue are being built on a separate track and will be separated from the roadway by markings. Builders are using seamless track laying technology to ensure quiet and smooth running of trams. Modern low-floor trams of Russian manufacture will be on the line. They will travel along the section on Academician Sakharov Avenue at an increased autonomous speed. This condition is included in the technical specifications for 100 new Lvenok-Moscow trams, which will arrive in the capital in 2025–2026.

    As part of the improvement of the capital’s streets, new turnouts have already been installed on Chistoprudny Boulevard in the city center, track laying continues on Academician Sakharov Avenue, and a large-scale reconstruction of tram tracks and the laying of a new section at the intersection of Kalanchevskaya Street and Masha Poryvayeva Street has begun. This will allow the new tram line along Academician Sakharov Avenue to be connected to the existing network.

    During the closure of tram traffic, specialists will also renew tram tracks in Protopopovsky Lane, on Durova and Palikha streets. Compensatory buses will run taking into account the work being carried out.

    The main reconstruction works of the tram turnaround on Chistoprudny Boulevard have been completedTram tracks are being reconstructed on Turgenevskaya Square

    Get the latest news quickly official telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/156142073/

    MIL OSI Russia News

  • MIL-OSI Russia: Theatrical Boulevard’s productions on Patriarch’s Ponds will be held in a unique format

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    On July 1, a new stage of the International Open Festival opened at Patriarch’s Ponds “Theater Boulevard”. Cultural events will be held here. The program focuses on a rare, unique theatrical format, where chamber performances involve contact between artists and spectators, and includes small productions and one-man shows, poetry readings and creative meetings.

    The first events were a one-man show “A Man Needs a Man” and a concert featuring theater and film stars. Honored figures in education, healthcare, and culture of the capital, as well as outstanding athletes, were invited to the opening – all those who make a significant contribution to the future of Moscow and Russia through their work.

    The stage is located in one of the most popular places in the city. For several years, concerts and other mass events have been held on Patriarch’s Ponds. Everyone can join in with art in the unique atmosphere of old Moscow.

    The program of events can be found atofficial website of the festival.

    The “Teatralny Bulvar” festival began on June 1 as part of the “Summer in Moscow” project and will last until autumn. The program includes more than 600 theatrical productions that will take place on city streets with the participation of more than three thousand artists.

    A special program has been prepared for the young guests of the Teatralny Boulevard festival

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and the new season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Quickly find out the main news of the capital inofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/156144073/

    MIL OSI Russia News

  • MIL-OSI: Guaranteed Installment Loans for Bad Credit Direct Lenders Guaranteed Approval No Credit Check Installment Loans By Loans At Last

    Source: GlobeNewswire (MIL-OSI)

    New York City, July 02, 2025 (GLOBE NEWSWIRE) — As financial uncertainty continues to impact households across the U.S., consumers with poor credit histories are increasingly turning to guaranteed installment loans for bad credit direct lenders to manage unexpected expenses. These flexible loan options are designed to provide fast, accessible funds to borrowers who may not qualify for traditional financing.

    >>> Applicants interested in exploring installment loan options can review lender >>>

    According to a Federal Reserve study, more than 60% of Americans would find it difficult to cover a $400 emergency cost without borrowing, highlighting the critical need for alternative lending solutions. As a result, demand has surged for products such as bad credit personal loans guaranteed approval direct lenders, emergency loans online guaranteed approval, and no credit check installment loans guaranteed approval direct lender offerings.

    >>> It’s important for borrowers to understand the application process >>>

    The Growing Demand for Installment Loans for Bad Credit

    For millions of Americans, traditional bank loans come with barriers such as high credit score requirements, hard credit checks, or collateral demands. In contrast, guaranteed installment loans for bad credit direct lenders only focus on offering

    In recent years, more borrowers have been seeking alternatives to traditional bank loans due to challenges such as stringent credit requirements and limited access to emergency funds. Installment loans have become a practical option for those who prefer predictable monthly payments and flexible repayment terms. These loans are often used to manage expenses like car repairs, medical bills, or overdue utilities without requiring collateral or perfect credit histories.

    These loans help cover urgent expenses including medical bills, home or car repairs, utility payments, and more. By spreading repayments over several months or years, they offer a manageable alternative to payday loans.

    Bad Credit Personal Loans Guaranteed Approval $5,000 Meeting Larger Financial Needs

    While smaller loan amounts may address minor expenses, many emergencies require more substantial funds. Bad credit personal loans guaranteed approval $5,000 have emerged as a solution for borrowers who need higher loan amounts to manage:

    • Significant auto or home repairs
    • Medical treatments not covered by insurance
    • Consolidation of high-interest debt
    • Rent or mortgage catch-up payments

    Lenders offering these products typically review income and employment status to determine eligibility, making them accessible even for those with low credit scores. The fixed installment structure also helps borrowers plan their budgets effectively.

    No Credit Check Installment Loans Guaranteed Approval Direct Lender 

    Hard credit inquiries can lower credit scores further, discouraging some borrowers from applying for much-needed loans. No credit check installment loans guaranteed approval direct lender solutions address this by:

    Some lenders assess applicants using alternative methods rather than traditional credit checks. In these cases, they may consider factors like income level, employment stability, and overall ability to repay. This approach can reduce the likelihood of further impacting the borrower’s credit score, which is especially important for individuals working to rebuild their financial standing.

    These loans provide peace of mind to borrowers who want to avoid additional damage to their credit profiles while securing essential funds.

    Emergency Loans Online Guaranteed Approval — Quick Cash When It Counts

    Emergencies rarely wait for slow traditional loan approvals. Emergency loans online guaranteed approval have become a vital resource for:

    • Same-day or next-day funding to manage urgent expenses
    • Fast online application processes that take only minutes
    • Direct deposit of funds for immediate use

    Common uses include medical emergencies, last-minute travel, and urgent repairs to vehicles or essential home systems. These loans provide crucial support when timing is critical.

    Online Access to Installment Loan Options

    Many borrowers today are turning to online platforms to explore installment loan options. These digital tools allow consumers to compare loan types, review eligibility criteria, and submit applications from the convenience of their homes. The use of online lending has increased significantly in recent years, offering broader access to financial products across varying credit profiles.

    • Bad credit personal loans guaranteed approval $5,000 – These loans are designed for individuals with poor credit who need access to up to $5,000. They often claim guaranteed approval, but actual approval depends on income and repayment ability.
    • No credit check installment loans guaranteed approval direct lender – This type of loan allows borrowing without a credit check, often through direct lenders. Payments are made in fixed installments, and approval is generally based on income, not credit history.
    • Emergency loans online guaranteed approval – Emergency loans offer quick access to funds during urgent situations. While they advertise guaranteed approval, most lenders still require basic eligibility checks.

    This model eliminates the need to approach multiple lenders individually and helps consumers compare loan offers side-by-side.

    What to Know Before Applying

    While phrases like guaranteed loan approval no credit check and best bad credit loans guaranteed approval are appealing, responsible borrowing requires careful review. Borrowers should:

    • Confirm that lenders are licensed in their state
    • Understand all fees, APRs, and repayment terms
    • Borrow only what they can realistically repay

    About Loans at Last

    Founded in 2018, Loans at Last is an online platform that connects U.S. consumers to a network of licensed direct lenders offering installment loan options. The platform focuses on helping borrowers explore loans suited to their needs while ensuring transparency and compliance with lending regulations.

    Disclaimer

    Loans at Last is not a lender and does not make credit decisions. Loan offers, APRs, amounts, and repayment terms are determined by third-party lenders and may vary based on applicant qualifications and state law. Borrowers should review all loan terms before accepting any offer.

    Final Thought

    In today’s challenging economic climate, guaranteed installment loans for bad credit direct lenders provide vital support to Americans navigating urgent financial needs. Platforms like Loans at Last help connect borrowers to responsible lenders offering flexible options, ensuring individuals can access the funds they need with confidence.

    Project Name: Loans At Last
    Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801
    Company Website: https://loansatlast.com/
    Email: smith@loansatlast.com
    Phone: 307-777-7311
    Contact person name: Smith
    contact person email: smith@loansatlast.com

    Attachment

    The MIL Network

  • MIL-OSI: Guaranteed Installment Loans for Bad Credit Direct Lenders Guaranteed Approval No Credit Check Installment Loans By Loans At Last

    Source: GlobeNewswire (MIL-OSI)

    New York City, July 02, 2025 (GLOBE NEWSWIRE) — As financial uncertainty continues to impact households across the U.S., consumers with poor credit histories are increasingly turning to guaranteed installment loans for bad credit direct lenders to manage unexpected expenses. These flexible loan options are designed to provide fast, accessible funds to borrowers who may not qualify for traditional financing.

    >>> Applicants interested in exploring installment loan options can review lender >>>

    According to a Federal Reserve study, more than 60% of Americans would find it difficult to cover a $400 emergency cost without borrowing, highlighting the critical need for alternative lending solutions. As a result, demand has surged for products such as bad credit personal loans guaranteed approval direct lenders, emergency loans online guaranteed approval, and no credit check installment loans guaranteed approval direct lender offerings.

    >>> It’s important for borrowers to understand the application process >>>

    The Growing Demand for Installment Loans for Bad Credit

    For millions of Americans, traditional bank loans come with barriers such as high credit score requirements, hard credit checks, or collateral demands. In contrast, guaranteed installment loans for bad credit direct lenders only focus on offering

    In recent years, more borrowers have been seeking alternatives to traditional bank loans due to challenges such as stringent credit requirements and limited access to emergency funds. Installment loans have become a practical option for those who prefer predictable monthly payments and flexible repayment terms. These loans are often used to manage expenses like car repairs, medical bills, or overdue utilities without requiring collateral or perfect credit histories.

    These loans help cover urgent expenses including medical bills, home or car repairs, utility payments, and more. By spreading repayments over several months or years, they offer a manageable alternative to payday loans.

    Bad Credit Personal Loans Guaranteed Approval $5,000 Meeting Larger Financial Needs

    While smaller loan amounts may address minor expenses, many emergencies require more substantial funds. Bad credit personal loans guaranteed approval $5,000 have emerged as a solution for borrowers who need higher loan amounts to manage:

    • Significant auto or home repairs
    • Medical treatments not covered by insurance
    • Consolidation of high-interest debt
    • Rent or mortgage catch-up payments

    Lenders offering these products typically review income and employment status to determine eligibility, making them accessible even for those with low credit scores. The fixed installment structure also helps borrowers plan their budgets effectively.

    No Credit Check Installment Loans Guaranteed Approval Direct Lender 

    Hard credit inquiries can lower credit scores further, discouraging some borrowers from applying for much-needed loans. No credit check installment loans guaranteed approval direct lender solutions address this by:

    Some lenders assess applicants using alternative methods rather than traditional credit checks. In these cases, they may consider factors like income level, employment stability, and overall ability to repay. This approach can reduce the likelihood of further impacting the borrower’s credit score, which is especially important for individuals working to rebuild their financial standing.

    These loans provide peace of mind to borrowers who want to avoid additional damage to their credit profiles while securing essential funds.

    Emergency Loans Online Guaranteed Approval — Quick Cash When It Counts

    Emergencies rarely wait for slow traditional loan approvals. Emergency loans online guaranteed approval have become a vital resource for:

    • Same-day or next-day funding to manage urgent expenses
    • Fast online application processes that take only minutes
    • Direct deposit of funds for immediate use

    Common uses include medical emergencies, last-minute travel, and urgent repairs to vehicles or essential home systems. These loans provide crucial support when timing is critical.

    Online Access to Installment Loan Options

    Many borrowers today are turning to online platforms to explore installment loan options. These digital tools allow consumers to compare loan types, review eligibility criteria, and submit applications from the convenience of their homes. The use of online lending has increased significantly in recent years, offering broader access to financial products across varying credit profiles.

    • Bad credit personal loans guaranteed approval $5,000 – These loans are designed for individuals with poor credit who need access to up to $5,000. They often claim guaranteed approval, but actual approval depends on income and repayment ability.
    • No credit check installment loans guaranteed approval direct lender – This type of loan allows borrowing without a credit check, often through direct lenders. Payments are made in fixed installments, and approval is generally based on income, not credit history.
    • Emergency loans online guaranteed approval – Emergency loans offer quick access to funds during urgent situations. While they advertise guaranteed approval, most lenders still require basic eligibility checks.

    This model eliminates the need to approach multiple lenders individually and helps consumers compare loan offers side-by-side.

    What to Know Before Applying

    While phrases like guaranteed loan approval no credit check and best bad credit loans guaranteed approval are appealing, responsible borrowing requires careful review. Borrowers should:

    • Confirm that lenders are licensed in their state
    • Understand all fees, APRs, and repayment terms
    • Borrow only what they can realistically repay

    About Loans at Last

    Founded in 2018, Loans at Last is an online platform that connects U.S. consumers to a network of licensed direct lenders offering installment loan options. The platform focuses on helping borrowers explore loans suited to their needs while ensuring transparency and compliance with lending regulations.

    Disclaimer

    Loans at Last is not a lender and does not make credit decisions. Loan offers, APRs, amounts, and repayment terms are determined by third-party lenders and may vary based on applicant qualifications and state law. Borrowers should review all loan terms before accepting any offer.

    Final Thought

    In today’s challenging economic climate, guaranteed installment loans for bad credit direct lenders provide vital support to Americans navigating urgent financial needs. Platforms like Loans at Last help connect borrowers to responsible lenders offering flexible options, ensuring individuals can access the funds they need with confidence.

    Project Name: Loans At Last
    Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801
    Company Website: https://loansatlast.com/
    Email: smith@loansatlast.com
    Phone: 307-777-7311
    Contact person name: Smith
    contact person email: smith@loansatlast.com

    Attachment

    The MIL Network

  • MIL-OSI Economics: Sanjay Malhotra: Convocation address – Indian Institute of Technology

    Source: Bank for International Settlements

    Chairman of the Board of Governors, Director of the Institute, Prof and Padma Shree Manindra Agrawal, winner of numerous awards, who was my senior here and who I hold in very high esteem, faculty members, staff, proud parents, family and friends of the graduating students, distinguished guests, and my dear graduating students, alumni, ladies and gentlemen.

    Today marks the culmination of an exciting chapter for the graduating students, where you have not only learnt new things – academic and extra-curricular – but have also had an enjoyable and memorable experience. I extend a very warm congratulations to all the graduating students. Please give yourselves a huge round of applause.

    To the parents and guardians, this moment belongs as much to you as it does to your children and wards. Your innumerable sacrifices, continuous support, unconditional love and unwavering encouragement have laid the foundation upon which these young achievers now stand. I know this is an emotional and proud moment for you. I have myself experienced these emotions when my sons graduated – one from IIT Bombay and the other from IIT Guwahati. My warmest congratulations to you as your ward steps into a new chapter in life.

    Dear graduates, it is a special day for you as you enter a new and exciting phase of life. It is an equally special day for me and doubly so. First, this institute has had a transformational impact on me, my life and my thoughts. I remember with nostalgia my years at IIT. I still vividly remember my first day at IIT when my mother came to drop me with another batchmate. I recollect my days at Hall III and then Hall I, the healthy rivalry between Hall II and Hall III, phatta cricket, bulla, the various celebrations at Red Rose Restaurant on the campus and Chung Fa restaurant in the city, movies at L7, DEC 10 of which we were so proud, the iconic library, Culfest and the many friends that I made and treasure till date. The steel trunk which carried my belongings to IIT and which my loving wife has preserved till date is still with me. I still have my Wilson tennis racket, with which I religiously played every evening at the clay courts on campus. IITK has a special place in my heart. This convocation ceremony is even more special as I did not attend our convocation ceremony; in fact, we did not have a proper convocation ceremony, perhaps the only batch not to have it. So, it’s an honour to be back here after thirty-six long years in a new and privileged role and be a part of the convocation ceremony today. Thank you, IIT, for this honour.

    Times have changed a lot since I graduated. But there are certainly lessons which endure time. As a fellow-alumnus, roll number 85213, who has experienced life after campus, I will speak about four learnings from my journey.

    Learning for Life

    Many of you would have got your dream jobs. Others, who plan to pursue further studies, would get them soon. With a degree from a prestigious institute and a good job in hand, please don’t think that you have arrived. The moment you think you have arrived, you will stagnate. The moment you believe you know everything, you will stop growing.

    This is just the beginning, only the first step. The degree has only laid a solid foundation and will take you thus far. You will need to build from here. You will need to learn when you change sectors, move across organisations within a sector, take up different roles within an organization and even within the same role in an organisation. Technology is advancing at a lightning speed. What you learnt yesterday would be outdated tomorrow as new ideas and tools emerge daily.

    I can assure you that the institute has prepared you well for your life ahead. It has not only imparted you with knowledge which will be of immense use but, more importantly, equipped you with the most important tool – the tool of self-learning.

    Like other IAS officers, I worked in diverse fields like urban management, land resources, industries, power, health, taxation, banking, finance, etc. Many of them were general management but many were highly technical and specialized, which had a steep learning curve. The IITK emphasis on basic sciences and core engineering subjects, its importance to the fundamentals of a subject, its priority to deriving the formulae rather than merely memorizing and applying them, its attention to problem-solving from first principles, and various other methods of problem solving have held me in good stead. IIT gave me the necessary tools for self-learning. I am sure it has given you too the same tools.

    So, continue your quest for knowledge. Remember that learning is for life. The moment one is not learning, it is a signal that one is not growing; one is not advancing. It is knowledge which will keep you ahead of others. Its importance cannot be over-emphasized. I urge you all, as Stephen Covey said, to continuously sharpen your saw and cut the grass under your feet.

    Question the status quo

    My second learning pertains to the period between 2003 and 2006, when I was working in the United Nations. I was managing a project to improve productivity in the hand tools clusters in India. We hired a Total Quality Management expert for some of our interventions. He had long and diverse experience across organisations.

    He challenged the forging units there to reduce the time taken in changing a die from about eight hours to less than an hour. All of them including the most advanced, productive and efficient forging units vehemently denied the possibility of reducing the time. When he failed after many days of trying to convince them to improve, he suggested some changes including installation of a video camera. This was tried in a unit. These small changes reduced the time to five hours. When asked, the supervisor, apart from other things, explained that the work started on time, as scheduled; no one was late; no one took an unscheduled tea break; all required equipment were pre-arranged and kept ready for use; there was no wastage of time. The small changes and videography did the trick as everyone was being watched. What followed was a series of improvements or what are called kaizens, not only in the exchange of dies, but also various other processes – forging, grinding, electroplating, packaging, etc, as every process was questioned. We ended up reducing costs by about 10%.

    I learnt to question the status quo. I learnt that there is always scope for improvement. This helped me improve efficiency in various organisations and departments that I worked in. It helped in reducing processing time of files. I reduced turnaround times for applications. It helped me make changes in laws, rules and procedures for the benefit of citizens and government alike, as I questioned the status quo.

    As Albert Einstein famously said, “The important thing is not to stop questioning.” When you question the status quo and ask questions, you open the door to new ideas and fresh perspectives. It is fuel for innovation; it drives you to explore, experiment, and create something better. So, no matter where you are in life or your career, never stop questioning the status quo and improving.

    Pursue virtuous Karma

    The third learning pertains to my tenure as Secretary, Department of Personnel in the Government of Rajasthan in 2007-08. Promotions from the state civil service to the IAS were plagued with disputes and court cases. For almost about 20 years, no one was promoted to the IAS. My predecessors did not take up this issue as they thought it would be an exercise in futility as some aggrieved officer will approach the doors of the judiciary. When I was given responsibility for this department, I took up the gauntlet. I studied all the disputes and judicial pronouncements meticulously; decided on claims of seniority and promotion, without fear or favour; finalized and published the seniority lists; and after spending months on this mammoth exercise, sent the proposals to UPSC for promotion. Just when we were about to convene the meeting for promotion, one officer again approached the court and got a stay. Months of my hard work was brought to nought. Even though many officers commended me for the hard work and getting the matter so close to finalization, I was disappointed.

    I had to leave for Princeton for my masters within a few days and could not pursue the case in the courts. After I returned, I was put in a different department. In a few years, the court lifted the stay. I was asked if I would be interested in giving finishing touches to the work I had initiated. Once bitten, twice shy, I did not take up the challenge this time. The work was completed by another officer. In recognition of his efforts, he was conferred with the state award for civil service.

    I realized I did not follow my karma as I feared failure. I realized I needed to follow my karma boldly and decisively without bothering about the results.

    Without going in to details of my journey thereafter, today, as I look back, I can confidently say that it is karma that largely determines outcomes and results. It is the path that one chooses that broadly determines the destination. Today, I appreciate how true Steve Jobs was when he said, “You can’t connect the dots looking forward; you can only connect them looking backward.” Right now, you may not fully grasp how your karma – each late-night lab session, each frustrating bug, and each decision that you take – will impact your journey. You may not appreciate, how delayed gratification, the hallmark of all great leaders, will deliver bigger success over the longer term for the instant rewards foregone. But trust me, over time, the dots will connect and it will be in large measure due to your karma.

    Trust

    My last learning is from the student days in IIT, when we were always short of money and under debt. Food at the mess was as good as it can be. We relied heavily on the hostel canteen. A samosa at that time costed 35 paise and a bottle of Thums Up 2 rupees and 25 paise. The canteen was managed by a person called Lala. Lala was loved by everyone. He would serve us till late in night and very generously gave us credit. Even outside hostel, we got credit from the juice vendor, the shops in Shopping Centre, etc. This may not be surprising. Lala knew us, recognizing us as hostelers. Other vendors too recognized us as students from the campus. What was surprising though was that we got credit even from some shopkeepers in Kanpur, who did not know us at all. Why did these shopkeepers give credit to us? It is because of their trust in the IIT students.

    It is because people do business with people they trust. Trust is the foundation on which any relationship is built, whether it is marriage, friendship, or at workplace – between the CEO and the employees, or between a company and its consumers.

    It is trust in a person that makes him a leader; it is trust which makes people follow a leader. Integrity and ethics are paramount to develop trust. It is not easy to gain trust. To earn trust, a leader must have the courage to take difficult decisions. He must act in the interest of the employees and other stakeholders. He must be willing to accept responsibility. He must lead by example. He must possess the humility to learn from his mistakes. He must be just, transparent and respectful. Trust takes time to build. But it is easy to lose trust. To be a successful person, a successful leader, graduating students, try to gain trust and having gained it, preserve trust.

    Your time to shine

    To conclude, dear graduating students, as you leave this campus today, have confidence in yourself. Dream big, but more importantly, act on those dreams. Make IIT Kanpur proud. Make your parents proud. Make India proud. But most importantly, make yourselves proud – proud by living lives of character, ethics and humility; lives filled with purpose, service and impact. As you step into tomorrow, carry with you the spirit of this institution, carry with you the love of your families, and carry with you the dreams of a billion Indians who believe in your potential.

    Your journey of transformation began here at IIT Kanpur. Now, transform the world as leaders who are trustworthy; who continue learning for life; who question the status quo and who pursue virtuous karma.

    May God bless you with all the very best in your journey ahead.

    Thank you.

    Jai Hind.

    MIL OSI Economics

  • MIL-OSI Economics: Sanjay Malhotra: Convocation address – Indian Institute of Technology

    Source: Bank for International Settlements

    Chairman of the Board of Governors, Director of the Institute, Prof and Padma Shree Manindra Agrawal, winner of numerous awards, who was my senior here and who I hold in very high esteem, faculty members, staff, proud parents, family and friends of the graduating students, distinguished guests, and my dear graduating students, alumni, ladies and gentlemen.

    Today marks the culmination of an exciting chapter for the graduating students, where you have not only learnt new things – academic and extra-curricular – but have also had an enjoyable and memorable experience. I extend a very warm congratulations to all the graduating students. Please give yourselves a huge round of applause.

    To the parents and guardians, this moment belongs as much to you as it does to your children and wards. Your innumerable sacrifices, continuous support, unconditional love and unwavering encouragement have laid the foundation upon which these young achievers now stand. I know this is an emotional and proud moment for you. I have myself experienced these emotions when my sons graduated – one from IIT Bombay and the other from IIT Guwahati. My warmest congratulations to you as your ward steps into a new chapter in life.

    Dear graduates, it is a special day for you as you enter a new and exciting phase of life. It is an equally special day for me and doubly so. First, this institute has had a transformational impact on me, my life and my thoughts. I remember with nostalgia my years at IIT. I still vividly remember my first day at IIT when my mother came to drop me with another batchmate. I recollect my days at Hall III and then Hall I, the healthy rivalry between Hall II and Hall III, phatta cricket, bulla, the various celebrations at Red Rose Restaurant on the campus and Chung Fa restaurant in the city, movies at L7, DEC 10 of which we were so proud, the iconic library, Culfest and the many friends that I made and treasure till date. The steel trunk which carried my belongings to IIT and which my loving wife has preserved till date is still with me. I still have my Wilson tennis racket, with which I religiously played every evening at the clay courts on campus. IITK has a special place in my heart. This convocation ceremony is even more special as I did not attend our convocation ceremony; in fact, we did not have a proper convocation ceremony, perhaps the only batch not to have it. So, it’s an honour to be back here after thirty-six long years in a new and privileged role and be a part of the convocation ceremony today. Thank you, IIT, for this honour.

    Times have changed a lot since I graduated. But there are certainly lessons which endure time. As a fellow-alumnus, roll number 85213, who has experienced life after campus, I will speak about four learnings from my journey.

    Learning for Life

    Many of you would have got your dream jobs. Others, who plan to pursue further studies, would get them soon. With a degree from a prestigious institute and a good job in hand, please don’t think that you have arrived. The moment you think you have arrived, you will stagnate. The moment you believe you know everything, you will stop growing.

    This is just the beginning, only the first step. The degree has only laid a solid foundation and will take you thus far. You will need to build from here. You will need to learn when you change sectors, move across organisations within a sector, take up different roles within an organization and even within the same role in an organisation. Technology is advancing at a lightning speed. What you learnt yesterday would be outdated tomorrow as new ideas and tools emerge daily.

    I can assure you that the institute has prepared you well for your life ahead. It has not only imparted you with knowledge which will be of immense use but, more importantly, equipped you with the most important tool – the tool of self-learning.

    Like other IAS officers, I worked in diverse fields like urban management, land resources, industries, power, health, taxation, banking, finance, etc. Many of them were general management but many were highly technical and specialized, which had a steep learning curve. The IITK emphasis on basic sciences and core engineering subjects, its importance to the fundamentals of a subject, its priority to deriving the formulae rather than merely memorizing and applying them, its attention to problem-solving from first principles, and various other methods of problem solving have held me in good stead. IIT gave me the necessary tools for self-learning. I am sure it has given you too the same tools.

    So, continue your quest for knowledge. Remember that learning is for life. The moment one is not learning, it is a signal that one is not growing; one is not advancing. It is knowledge which will keep you ahead of others. Its importance cannot be over-emphasized. I urge you all, as Stephen Covey said, to continuously sharpen your saw and cut the grass under your feet.

    Question the status quo

    My second learning pertains to the period between 2003 and 2006, when I was working in the United Nations. I was managing a project to improve productivity in the hand tools clusters in India. We hired a Total Quality Management expert for some of our interventions. He had long and diverse experience across organisations.

    He challenged the forging units there to reduce the time taken in changing a die from about eight hours to less than an hour. All of them including the most advanced, productive and efficient forging units vehemently denied the possibility of reducing the time. When he failed after many days of trying to convince them to improve, he suggested some changes including installation of a video camera. This was tried in a unit. These small changes reduced the time to five hours. When asked, the supervisor, apart from other things, explained that the work started on time, as scheduled; no one was late; no one took an unscheduled tea break; all required equipment were pre-arranged and kept ready for use; there was no wastage of time. The small changes and videography did the trick as everyone was being watched. What followed was a series of improvements or what are called kaizens, not only in the exchange of dies, but also various other processes – forging, grinding, electroplating, packaging, etc, as every process was questioned. We ended up reducing costs by about 10%.

    I learnt to question the status quo. I learnt that there is always scope for improvement. This helped me improve efficiency in various organisations and departments that I worked in. It helped in reducing processing time of files. I reduced turnaround times for applications. It helped me make changes in laws, rules and procedures for the benefit of citizens and government alike, as I questioned the status quo.

    As Albert Einstein famously said, “The important thing is not to stop questioning.” When you question the status quo and ask questions, you open the door to new ideas and fresh perspectives. It is fuel for innovation; it drives you to explore, experiment, and create something better. So, no matter where you are in life or your career, never stop questioning the status quo and improving.

    Pursue virtuous Karma

    The third learning pertains to my tenure as Secretary, Department of Personnel in the Government of Rajasthan in 2007-08. Promotions from the state civil service to the IAS were plagued with disputes and court cases. For almost about 20 years, no one was promoted to the IAS. My predecessors did not take up this issue as they thought it would be an exercise in futility as some aggrieved officer will approach the doors of the judiciary. When I was given responsibility for this department, I took up the gauntlet. I studied all the disputes and judicial pronouncements meticulously; decided on claims of seniority and promotion, without fear or favour; finalized and published the seniority lists; and after spending months on this mammoth exercise, sent the proposals to UPSC for promotion. Just when we were about to convene the meeting for promotion, one officer again approached the court and got a stay. Months of my hard work was brought to nought. Even though many officers commended me for the hard work and getting the matter so close to finalization, I was disappointed.

    I had to leave for Princeton for my masters within a few days and could not pursue the case in the courts. After I returned, I was put in a different department. In a few years, the court lifted the stay. I was asked if I would be interested in giving finishing touches to the work I had initiated. Once bitten, twice shy, I did not take up the challenge this time. The work was completed by another officer. In recognition of his efforts, he was conferred with the state award for civil service.

    I realized I did not follow my karma as I feared failure. I realized I needed to follow my karma boldly and decisively without bothering about the results.

    Without going in to details of my journey thereafter, today, as I look back, I can confidently say that it is karma that largely determines outcomes and results. It is the path that one chooses that broadly determines the destination. Today, I appreciate how true Steve Jobs was when he said, “You can’t connect the dots looking forward; you can only connect them looking backward.” Right now, you may not fully grasp how your karma – each late-night lab session, each frustrating bug, and each decision that you take – will impact your journey. You may not appreciate, how delayed gratification, the hallmark of all great leaders, will deliver bigger success over the longer term for the instant rewards foregone. But trust me, over time, the dots will connect and it will be in large measure due to your karma.

    Trust

    My last learning is from the student days in IIT, when we were always short of money and under debt. Food at the mess was as good as it can be. We relied heavily on the hostel canteen. A samosa at that time costed 35 paise and a bottle of Thums Up 2 rupees and 25 paise. The canteen was managed by a person called Lala. Lala was loved by everyone. He would serve us till late in night and very generously gave us credit. Even outside hostel, we got credit from the juice vendor, the shops in Shopping Centre, etc. This may not be surprising. Lala knew us, recognizing us as hostelers. Other vendors too recognized us as students from the campus. What was surprising though was that we got credit even from some shopkeepers in Kanpur, who did not know us at all. Why did these shopkeepers give credit to us? It is because of their trust in the IIT students.

    It is because people do business with people they trust. Trust is the foundation on which any relationship is built, whether it is marriage, friendship, or at workplace – between the CEO and the employees, or between a company and its consumers.

    It is trust in a person that makes him a leader; it is trust which makes people follow a leader. Integrity and ethics are paramount to develop trust. It is not easy to gain trust. To earn trust, a leader must have the courage to take difficult decisions. He must act in the interest of the employees and other stakeholders. He must be willing to accept responsibility. He must lead by example. He must possess the humility to learn from his mistakes. He must be just, transparent and respectful. Trust takes time to build. But it is easy to lose trust. To be a successful person, a successful leader, graduating students, try to gain trust and having gained it, preserve trust.

    Your time to shine

    To conclude, dear graduating students, as you leave this campus today, have confidence in yourself. Dream big, but more importantly, act on those dreams. Make IIT Kanpur proud. Make your parents proud. Make India proud. But most importantly, make yourselves proud – proud by living lives of character, ethics and humility; lives filled with purpose, service and impact. As you step into tomorrow, carry with you the spirit of this institution, carry with you the love of your families, and carry with you the dreams of a billion Indians who believe in your potential.

    Your journey of transformation began here at IIT Kanpur. Now, transform the world as leaders who are trustworthy; who continue learning for life; who question the status quo and who pursue virtuous karma.

    May God bless you with all the very best in your journey ahead.

    Thank you.

    Jai Hind.

    MIL OSI Economics

  • MIL-OSI Economics: Christopher J Waller: Welcoming remarks – IJCB Research Conference

    Source: Bank for International Settlements

    Thank you, Aleš, and thank you to the Czech National Bank (CNB) for hosting this year’s conference. The CNB also supported this conference in 2017. It is wonderful to have such a great relationship between the International Journal of Central Banking (IJCB) and one of our sponsoring institutions.

    I would like to take a few minutes as the outgoing managing editor of the IJCB to emphasize the importance of this journal and the research it supports.1 Central banks play an important role promoting the growth and effective functioning of their economies, and many of the decisions they make are influenced by careful and cutting-edge research. In fact, I recently gave a speech that discussed the importance of economic research in monetary policy decisions.2 The IJCB, through this conference and its volumes, provides an outlet to share and disseminate research that adds to public knowledge and understanding and informs the operational and policy decisions of central bankers.

    The value of central bank–focused research has long been known. In the summer of 2004, the Bank for International Settlements (BIS), the European Central Bank, and the Group of Ten central banks agreed to support the development of the IJCB to focus on the theory and practice of central banking. The journal has attracted distinguished managing editors, including my colleagues from the Federal Reserve; my immediate predecessor, Luc Laeven, from the European Central Bank; and the current managing editor, Antoine Martin, from the Swiss National Bank, who, unfortunately, could not be here today. We have the strong support now of nearly 55 sponsoring institutions, including the Czech National Bank and also the host of last year’s conference, the Central Bank of Italy. Among the ways that central banks serve the public interest is as an ongoing source of economic research, and the strong commitment to the IJCB here in Prague and other capitals advances our collective interest in strong economies and financial stability.

    Turning to this year’s conference, we chose the theme based on events that have been very much on the minds of central bankers: “Assessing the Effectiveness of Monetary Policy during and after the COVID-19 Pandemic.” The past several years have seen significant monetary policy actions across the globe in response to COVID-19–induced recessions, inflation higher than in several decades, unprecedented supply chain disruptions, and, in some countries, very tight labor markets. Early on, policymakers’ responses appeared quite in sync, but with differing speeds of recovery and varying challenges faced by different types of economies, that changed over time. Additionally, geopolitical tensions and energy price shocks have introduced new complexities. So we thought this conference could be a good place to come together and hear about the lessons we have learned from these common and different experiences.

    Today and tomorrow we will be discussing the yield curve, policy rules, and monetary policy transmission. We also will look into banking issues such as loan issuance and financial stability. And we are lucky to have the Fed’s Vice Chair for Supervision Miki Bowman here to give a keynote speech. As we go through these sessions, I hope we will all ask ourselves how this work can help policymakers do their jobs better. Through our conversation, I would ask you to share knowledge about each of these topics as they are pertinent around the world.

    But before we get to those presentations, and what I hope will be vigorous discussion, let me recognize several people who made this event possible. Here at the CNB, Simona Malovaná and Martin Hodula helped organize this conference. Year round, the IJCB co-editors devote many hours of their time to review papers to keep the journal at its high-quality and high-impact status. These individuals are Ana Babus, Diana Bonfim, Huberto Ennis, Carlos Garriga (who is here with us today), Refet Gürkaynak, Òscar Jordà, Robin Lumsdaine, Fernanda Nechio, Steven Ongena, and Enrico Sete. Finally, for the past three years, the day-to-day smooth running of the journal couldn’t have been accomplished without the editorial team at the BIS and the Board of Governors. A special thank you goes to my team: Kommaly Dias, Jane Ihrig, and Elie Singer, who worked to oversee the process.

    And with that, I will step away from the microphone and put the spotlight where it should be, on the scholars presenting their work today. Thank you, and I believe Martin has a few words to get us started.


    MIL OSI Economics

  • MIL-OSI Economics: Christopher J Waller: Welcoming remarks – IJCB Research Conference

    Source: Bank for International Settlements

    Thank you, Aleš, and thank you to the Czech National Bank (CNB) for hosting this year’s conference. The CNB also supported this conference in 2017. It is wonderful to have such a great relationship between the International Journal of Central Banking (IJCB) and one of our sponsoring institutions.

    I would like to take a few minutes as the outgoing managing editor of the IJCB to emphasize the importance of this journal and the research it supports.1 Central banks play an important role promoting the growth and effective functioning of their economies, and many of the decisions they make are influenced by careful and cutting-edge research. In fact, I recently gave a speech that discussed the importance of economic research in monetary policy decisions.2 The IJCB, through this conference and its volumes, provides an outlet to share and disseminate research that adds to public knowledge and understanding and informs the operational and policy decisions of central bankers.

    The value of central bank–focused research has long been known. In the summer of 2004, the Bank for International Settlements (BIS), the European Central Bank, and the Group of Ten central banks agreed to support the development of the IJCB to focus on the theory and practice of central banking. The journal has attracted distinguished managing editors, including my colleagues from the Federal Reserve; my immediate predecessor, Luc Laeven, from the European Central Bank; and the current managing editor, Antoine Martin, from the Swiss National Bank, who, unfortunately, could not be here today. We have the strong support now of nearly 55 sponsoring institutions, including the Czech National Bank and also the host of last year’s conference, the Central Bank of Italy. Among the ways that central banks serve the public interest is as an ongoing source of economic research, and the strong commitment to the IJCB here in Prague and other capitals advances our collective interest in strong economies and financial stability.

    Turning to this year’s conference, we chose the theme based on events that have been very much on the minds of central bankers: “Assessing the Effectiveness of Monetary Policy during and after the COVID-19 Pandemic.” The past several years have seen significant monetary policy actions across the globe in response to COVID-19–induced recessions, inflation higher than in several decades, unprecedented supply chain disruptions, and, in some countries, very tight labor markets. Early on, policymakers’ responses appeared quite in sync, but with differing speeds of recovery and varying challenges faced by different types of economies, that changed over time. Additionally, geopolitical tensions and energy price shocks have introduced new complexities. So we thought this conference could be a good place to come together and hear about the lessons we have learned from these common and different experiences.

    Today and tomorrow we will be discussing the yield curve, policy rules, and monetary policy transmission. We also will look into banking issues such as loan issuance and financial stability. And we are lucky to have the Fed’s Vice Chair for Supervision Miki Bowman here to give a keynote speech. As we go through these sessions, I hope we will all ask ourselves how this work can help policymakers do their jobs better. Through our conversation, I would ask you to share knowledge about each of these topics as they are pertinent around the world.

    But before we get to those presentations, and what I hope will be vigorous discussion, let me recognize several people who made this event possible. Here at the CNB, Simona Malovaná and Martin Hodula helped organize this conference. Year round, the IJCB co-editors devote many hours of their time to review papers to keep the journal at its high-quality and high-impact status. These individuals are Ana Babus, Diana Bonfim, Huberto Ennis, Carlos Garriga (who is here with us today), Refet Gürkaynak, Òscar Jordà, Robin Lumsdaine, Fernanda Nechio, Steven Ongena, and Enrico Sete. Finally, for the past three years, the day-to-day smooth running of the journal couldn’t have been accomplished without the editorial team at the BIS and the Board of Governors. A special thank you goes to my team: Kommaly Dias, Jane Ihrig, and Elie Singer, who worked to oversee the process.

    And with that, I will step away from the microphone and put the spotlight where it should be, on the scholars presenting their work today. Thank you, and I believe Martin has a few words to get us started.


    MIL OSI Economics

  • MIL-OSI Economics: Gabriel Makhlouf: Remarks – 100th anniversary of George Bernard Shaw winning the Nobel Prize for Literature

    Source: Bank for International Settlements

    Good morning everyone. Thank you to the Museum of Literature Ireland for hosting this event. Let me also extend a warm welcome to the Right Honourable the Lord Mayor of Dublin, Councillor Emma Blain and to all our distinguished guests.

    We are here today to the launch our coin to commemorate the 100th anniversary of George Bernard Shaw winning the Nobel Prize for Literature. We issue commemorative coins on behalf of the Minister for Finance. Their aim is to recognise figures, or events, of national importance and we are here today to celebrate one of Ireland’s greatest literary geniuses, George Bernard Shaw. Shaw is one of Ireland’s four Nobel Literature winners and, in fact, until 2016, was the only person to have won both a Nobel Prize for Literature and an Academy Award (in 1939). Bob Dylan joined him in that club in 2016. 

    This coin is a tangible tribute to one of the brilliant minds of the 20th century. He was awarded the Nobel Prize in 1925 “for his work which is marked by both idealism and humanity, its stimulating satire often being infused with a singular poetic beauty”. Fintan O’Toole described him as the “most globally influential Irish person in history”, noting praise from Jawaharlal Nehru, Albert Einstein and Winston Churchill.  

    Shaw was more than a literary figure. Thomas Mann, a fellow Nobel Laureate four years after Shaw, wrote in his obituary tribute that “when we add the floodtide of essays, commentary, and amplifying criticism, embodying an all-embracing encyclopedic knowledge that draws equally on the natural sciences, theology, religious and general history, and especially on the social-economic sphere, always artistically leavened, full of esthetic charm, and unfailingly entertaining – when we add all this, we find ourselves face to face with a lifework of astonishing scope, apparently the fruit of continued inspiration, unceasing merriness, and of an indefatigable will to work.” 

    Shaw was also an orator who “with his lyrical Irish accent [-] could turn the classical rhetorical tradition into something apparently intimate and conversatonal, without losing its rhythms and vigour” (O’Toole). He was a man of formidable intellect and sharp wit and his works continue to resonate with audiences and scholars around the globe. As Mann also wrote, Shaw “tirelessly wielded the shining sword of his word and wit” against stupidity and “did his best in redressing the fateful imbalance between truth and reality, in lifting mankind to a higher rung of maturity.” As O’Toole says, “the most important aspect of his influence is not what Shaw taught people to think but how he taught them to think.”

    In an era of alternative truths and disinformation bubbles, perhaps his work has become more relevant than ever. 

    Conclusion

    Before I conclude, I’d like to thank some of the people who’ve helped to organise this event. Specifically, I want to pay tribute to the Central Bank’s Currency Centre team for the immense work they do each year on the collector coin series and I’d like to acknowledge the ongoing work of the Numismatic Advisory Panel who support the Bank’s programme.

    George Bernard Shaw left a significant legacy of theatrical, fictional, polemical, critical and philosophical writing. He wrote that “an Irishman’s heart is nothing but his imagination” and his appreciation and understanding of Ireland had a profound influence on his career. We take great pride in the issuing of commemorative coins and we are delighted in issuing this coin today. Shaw would probably have found the notion of his face on a coin rather strange – and he would have complained that we were commemorating him at all, as he did when awarded the Nobel Prize – but I hope he would also appreciate the enduring recognition it represents. 

    MIL OSI Economics

  • MIL-OSI Economics: Gabriel Makhlouf: Remarks – 100th anniversary of George Bernard Shaw winning the Nobel Prize for Literature

    Source: Bank for International Settlements

    Good morning everyone. Thank you to the Museum of Literature Ireland for hosting this event. Let me also extend a warm welcome to the Right Honourable the Lord Mayor of Dublin, Councillor Emma Blain and to all our distinguished guests.

    We are here today to the launch our coin to commemorate the 100th anniversary of George Bernard Shaw winning the Nobel Prize for Literature. We issue commemorative coins on behalf of the Minister for Finance. Their aim is to recognise figures, or events, of national importance and we are here today to celebrate one of Ireland’s greatest literary geniuses, George Bernard Shaw. Shaw is one of Ireland’s four Nobel Literature winners and, in fact, until 2016, was the only person to have won both a Nobel Prize for Literature and an Academy Award (in 1939). Bob Dylan joined him in that club in 2016. 

    This coin is a tangible tribute to one of the brilliant minds of the 20th century. He was awarded the Nobel Prize in 1925 “for his work which is marked by both idealism and humanity, its stimulating satire often being infused with a singular poetic beauty”. Fintan O’Toole described him as the “most globally influential Irish person in history”, noting praise from Jawaharlal Nehru, Albert Einstein and Winston Churchill.  

    Shaw was more than a literary figure. Thomas Mann, a fellow Nobel Laureate four years after Shaw, wrote in his obituary tribute that “when we add the floodtide of essays, commentary, and amplifying criticism, embodying an all-embracing encyclopedic knowledge that draws equally on the natural sciences, theology, religious and general history, and especially on the social-economic sphere, always artistically leavened, full of esthetic charm, and unfailingly entertaining – when we add all this, we find ourselves face to face with a lifework of astonishing scope, apparently the fruit of continued inspiration, unceasing merriness, and of an indefatigable will to work.” 

    Shaw was also an orator who “with his lyrical Irish accent [-] could turn the classical rhetorical tradition into something apparently intimate and conversatonal, without losing its rhythms and vigour” (O’Toole). He was a man of formidable intellect and sharp wit and his works continue to resonate with audiences and scholars around the globe. As Mann also wrote, Shaw “tirelessly wielded the shining sword of his word and wit” against stupidity and “did his best in redressing the fateful imbalance between truth and reality, in lifting mankind to a higher rung of maturity.” As O’Toole says, “the most important aspect of his influence is not what Shaw taught people to think but how he taught them to think.”

    In an era of alternative truths and disinformation bubbles, perhaps his work has become more relevant than ever. 

    Conclusion

    Before I conclude, I’d like to thank some of the people who’ve helped to organise this event. Specifically, I want to pay tribute to the Central Bank’s Currency Centre team for the immense work they do each year on the collector coin series and I’d like to acknowledge the ongoing work of the Numismatic Advisory Panel who support the Bank’s programme.

    George Bernard Shaw left a significant legacy of theatrical, fictional, polemical, critical and philosophical writing. He wrote that “an Irishman’s heart is nothing but his imagination” and his appreciation and understanding of Ireland had a profound influence on his career. We take great pride in the issuing of commemorative coins and we are delighted in issuing this coin today. Shaw would probably have found the notion of his face on a coin rather strange – and he would have complained that we were commemorating him at all, as he did when awarded the Nobel Prize – but I hope he would also appreciate the enduring recognition it represents. 

    MIL OSI Economics

  • No fear or worry, say pilgrims as they embark on Amarnath yatra

    Source: Government of India

    Source: Government of India (4)

    Jammu and Kashmir Lt Governor Manoj Sinha announced on Wednesday that over 4,000 devotees have begun their journey from Jammu for the Amarnath Yatra. He flagged off the first group of pilgrims from Jammu.

    ““More than four thousand devotees of Lord Bhole Nath have set out today in the first batch for Baba Barfani’s darshan,” said L-G Sinha.

    With chants of “Bam Bam Bhole” ringing through the air, the spiritual journey to the sacred Amarnath cave has officially begun.

    Pilgrims gathered in large numbers at the base camp, filled with emotion and enthusiasm.

    “Everything feels great, and I am very happy to be going with the first batch. There is no fear or worry because we have our Army and our leaders with us,” said one devotee.

    Another added, “There is great excitement among the first batch of pilgrims, and I want to tell all devotees to come at least once for darshan of Baba Amarnath.”

    The annual pilgrimage, a major spiritual event in the Hindu calendar, will see lakhs of devotees trek to the high-altitude cave shrine in the Himalayas over the coming weeks. This year’s yatra began with heightened preparations by the administration, ensuring a safe and seamless journey for all participants.

    L-G Sinha commended the efforts of the Shri Amarnath Shrine Board, the administration, and the security forces. “The Jammu and Kashmir administration, local residents, and the Shrine Board have made excellent arrangements for the Yatra. Jammu and Kashmir Police and security forces have ensured strict security measures,” he said.

    Along the Jammu-Srinagar National Highway, particularly near Ramban, security has been ramped up. The area has seen the deployment of additional forces, surveillance systems, and checkpoints. Only verified vehicles are being allowed to pass through key points to ensure the safety of pilgrims.

    Meanwhile, facilities including medical aid, sanitation, food distribution, and emergency response systems have been arranged along the route. The Shri Amarnath Shrine Board has worked closely with multiple agencies to monitor crowd flow and weather patterns, ensuring the safety and comfort of pilgrims throughout the yatra.

    (IANS)

  • MIL-OSI Russia: Training sessions for game sports are held at the Summer in Moscow venues

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Table tennis and badminton will help you spend time outdoors in an interesting and useful way. Training in these game sports takes place on the project’s sites “Summer in Moscow”.

    Develop coordination and concentration

    Table tennis classes help improve the health of the entire body. They improve the functioning of the cardiovascular and respiratory systems, strengthen various muscle groups, and also develop coordination and concentration. Training has a positive effect on the brain, since a tennis player must not only constantly focus on the game, but also think through the next action in advance.

    Those who are interested in more active sports should take up badminton. It is suitable for those who want to lose weight and at the same time gain muscle mass, and will also help replace cardio training. Like table tennis, badminton improves coordination, reaction speed and agility.

    Both sports help reduce stress levels and improve mood.

    Where can I train?

    Everyone is invited to free table tennis training as part of the project’s summer season “My Sports District”. They take place on Tuesdays, Thursdays and Sundays from 20:15 and on Saturdays from 11:15. Both children from 10 years old and adults over 18 years old can take part.

    You can join the classes at 10 locations:

    — Avangard stadium (Entuziastov Highway, Building 33);

    — Krylatskie Kholmy street, building 35, building 1a;

    — Zelenograd, building 1123;

    — Koptevsky Boulevard, building 21;

    — Sviblovo Park (Sviblovo Stadium in Tenisty Proezd (building 6/8));

    — Torfyanka Park (Izumrudnaya Street, Building 34);

    — Oak Grove “Mayak” Park (Touristskaya Street, Building 2, Block 5);

    — Yu. M. Luzhkov Park (Kolomensky Proezd, Building 16);

    — Kuzminki-Lyublino Park (Kuzminsky Park, Building 1, Building 8);

    — Perekopskaya street, house 34, building 2.

    Badminton classes are held at eight My Sports District courts on Tuesdays, Thursdays and Sundays from 20:15 and on Saturdays from 11:15. Children aged 10 and over and adults aged 18 and over are invited to the training. Court addresses:

    — Kuskovskaya street, building 31, building 1;

    — Vasilisa Kozhina street, building 14, building 6;

    — Beskudnikovsky Boulevard, building 25, building 4;

    — Marshal Tukhachevsky Street, building 21, building 2;

    — Semenovskaya embankment, building 3/1, building 4;

    — Rossoshanskaya street, building 9, building 1a;

    — Rozhdestvenskaya street, building 19, building 2;

    — 2nd Yuzhnoportovy proezd, building 13;

    — landscape park “Yuzhnoye Butovo” (Yuzhnobutovskaya street, house 96).

    All classes are led by experienced instructors. To participate, you must register atproject websiteYou need to bring equipment with you – table tennis or badminton rackets.

    You can also play table tennis or badminton as part of the festival of urban sports. From Tuesday to Friday (from 12:00 to 20:00), as well as on weekends (from 11:00 to 21:00), everyone is welcome at eight sites: in the parks “Pechatniki”, “Fili”, “Sosenki”, 850th Anniversary of Moscow, Northern River Terminal, in the recreation area “Troparevo”, as well as in the public space on Akademika Yangelya Street and at the Bolshoi Gorodskoy Pond and in the 40th Anniversary of Victory Park in Zelenograd. There, equipment can be rented for free.

    Detailed information about the urban sports festival can be found atwebsite.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and this season will be more eventful: new, original and colorful events will be added to traditional festivals and events.

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

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

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

    https: //vv.mos.ru/nevs/ite/156145073/

    MIL OSI Russia News

  • MIL-OSI Russia: How Muscovites are helping transform the capital’s parks with the help of the City of Ideas platform

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Since the introduction of the Parks sphere on the platform in 2022, “City of Ideas” More than 280 proposals from Muscovites were implemented, which were aimed at developing the capital’s green areas. Thus, new bike paths, dog walking areas, play areas and summer open-air cinemas were built in the parks.

    New opportunities for recreation and sports

    Over three years, work on the proposals of city residents was carried out in many areas of Moscow. For example, additional lighting was installed in the Mitino landscape park, which made walks at night more comfortable. In the Shmelevsky Ruchey park, between the Zyablikovo and Orekhovo-Borisovo Yuzhnoye districts, the bank of the forest reservoir was cleaned and strengthened. This gave the park a well-groomed appearance and increased its attractiveness to visitors.

    In Zelenograd, the area near Shkolnoye Lake was tidied up, where new sun loungers and benches were installed and the sand on the beach was replaced. Now you can comfortably relax by the water without leaving the city.

    Changes also affected the sports infrastructure. Thus, in the Lianozovo Park, a volleyball court was equipped and table tennis tables were installed, and in Golyanovsky Park this year a recreation area with swimming pools appeared as part of the Moscow Seasons project.

    Cultural events in the capital’s parks

    The platform can also offer an idea for holding cultural events in parks. One of the striking examples is Otradnoye Park, which has become a real center of public life in the district. Now fairs, concerts, master classes and other events initiated by city residents are regularly held here.

    For example, this spring the park hosted the “Russian Yard” festival, dedicated to Russian traditions. Visitors watched performances by folk groups, took part in folk games and amusements, and also tried tea from a wood-fired samovar and homemade bread baked according to old recipes.

    Last year, other Moscow parks also hosted interesting events. In June, the Mossovet District Public Center organized painting workshops for children in Semenovsky Park, where young artists painted pictures inspired by nature and learned how important it is to protect the environment. And in August, a youth basketball tournament was held on the sports ground of the Zodiac Signs Park, following which the winners were awarded commemorative district cups.

    Thanks to such initiatives by Muscovites, the capital’s parks are becoming not just a place for relaxation, but also a platform for entertainment, creativity and an active lifestyle.

    How to propose an initiative

    Any resident of the capital who has the right to propose an idea on the platform can account on the mos.ru portal. You can do this in the “Suggest an idea” section. To do this, you need to select an area “Parks” and one of three categories: “Park improvement”, “Recreation areas for adults and children” or “Events and services”. If the moderation process is successful, the ideas will be taken into work.

    You can visually evaluate the transformations in the section “Gallery of realized ideas”. It contains photos of the best works carried out on the initiative of city residents. Thanks to a recent update of the section, navigation has become easier: now you can quickly find photo or video evidence on any topic using a convenient search and filters. This allows you to see the results of the transformation of the city and get inspired for your own initiatives.

    “City of Ideas”: More than three thousand proposals from residents have been implemented since 2020

    Platform “City of Ideas” has been operating since 2014. More than 620 thousand users have joined it. They share suggestions on how to make life in the capital even more comfortable. More than 8.6 thousand suggestions have already been implemented. City residents participated in projects dedicated to electronic services, culture, entrepreneurship, healthcare, education, transport and other topics. The projects are developed by the State Institution “New Management Technologies” andDepartment of Information Technology of the City of Moscow.

    The creation, development and operation of the e-government infrastructure, including the provision of mass socially significant services, as well as other services in electronic form, correspond to the objectives of the national project “Data Economy” and the regional project of the city of Moscow “Digital Public Administration”.

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

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

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

    https: //vv.mos.ru/nevs/ite/156149073/

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: President Lai meets delegation from 2025 Taiwan International Ocean Forum

    Source: Republic of China Taiwan

    Details
    2025-06-30
    President Lai meets Minister of State at UK Department for Business and Trade Douglas Alexander  
    On the morning of June 30, President Lai Ching-te met with Douglas Alexander, Minister of State at the Department for Business and Trade of the United Kingdom. In remarks, President Lai thanked the UK government for its longstanding support for peace and stability across the Taiwan Strait. Noting that two years ago, Taiwan and the UK signed an enhanced trade partnership (ETP) arrangement, the president said that today Taiwan and the UK have signed three pillars under the ETP, which will help promote bilateral economic and trade cooperation. He expressed hope of the UK publicly supporting Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) so that together we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. A translation of President Lai’s remarks follows: First, on behalf of the people of Taiwan, I extend a warm welcome to Minister Alexander and wish a fruitful outcome for the 27th round of Taiwan-UK trade talks later today. Taiwan-UK relations have grown closer in recent years. We have not only continued to strengthen cooperation in such fields as offshore wind power, innovative technologies, and culture and education but also have established regular dialogue mechanisms in the critical areas of economics and trade, energy, and agriculture. The UK is currently Taiwan’s fourth-largest European trading partner, second-largest source of investment from Europe, and third-largest target for investment in Europe. Two years ago, Taiwan and the UK signed an ETP arrangement. This was particularly meaningful, as it was the first institutionalized economic and trade framework between Taiwan and a European country. Today, this arrangement is yielding further results. I am delighted that Taiwan and the UK have signed three pillars under the ETP covering investment, digital trade, and energy and net-zero. This will help promote bilateral economic and trade cooperation and advance industrial development on both sides. I also want to thank the UK government for its longstanding support for peace and stability across the Taiwan Strait. This month, the UK published its Strategic Defence Review 2025 and National Security Strategy 2025, which oppose any unilateral attempts to change the status quo across the Taiwan Strait. These not only demonstrate that Taiwan and the UK share similar goals but also show that security and prosperity in the Indo-Pacific region are inseparable from those of the transatlantic regions. In addition, last November, the House of Commons passed a motion which made clear that United Nations General Assembly (UNGA) Resolution 2758 neither established the sovereignty of the People’s Republic of China over Taiwan nor determined Taiwan’s status in the United Nations. The UK government also responded to the motion by publicly expressing for the first time its position on UNGA Resolution 2758, opposing any attempt to broaden the interpretation of the resolution to rewrite history. For this, on behalf of the people of Taiwan, I once again want to extend my deepest gratitude. Taiwan and the UK have the advantage of being highly complementary in the technology sector. In facing the restructuring of global supply chains and other international economic and trade developments, I believe that Taiwan and the UK are indispensable key partners for one another. I look forward to the UK publicly supporting Taiwan’s accession to the CPTPP so that together, we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. In closing, I wish Minister Alexander a pleasant and successful visit. And I hope he has the opportunity to visit Taiwan for personal travel in the future. Minister Alexander then delivered remarks, saying that it is a great personal honor to meet with everyone today to discuss further deepening the UK-Taiwan trade relationship and explore the many opportunities our two sides can pursue together. He mentioned that he traveled to Taiwan in 2022 when he was a private citizen, a visit he thoroughly enjoyed, so he is delighted to be back to see the strength of the UK-Taiwan relationship and the strengthening of that relationship. He said that relationship is built on mutual respect, democratic values, and a shared vision for open, resilient, and rules-based economic cooperation. As like-minded partners, he pointed out, our collaboration continues to grow across multiple sectors, and he is here today to further that momentum. Minister Alexander stated that on trade and investment, he is proud that this morning we signed the ETP Pillars on Investment, Digital Trade, Energy and Net Zero, which will provide a clear framework for our future cooperation and lay the foundation for expanded access and market-shaping engagement between our two economies. The minister said he believes that together with our annual trade talks, this partnership will help UK’s firms secure new commercial opportunities, improve regulatory alignment, and promote long-term investment in key growth areas, which in turn will also support Taiwan’s efforts to expand high-quality trade relationships with trusted partners. Minister Alexander said that President Lai’s promotion of the Five Trusted Industry Sectors and the UK’s recently published industrial and trade strategies are very well-aligned, as both cover clean energy and semiconductors as well as advanced manufacturing. He then provided an example, saying that both sides plan to invest in AI infrastructure and compute power-creating opportunities for great joint research in the future. By combining our strengths in these areas, he said, we can open the door to innovative collaboration and commercial success for both sides. He mentioned that yesterday he visited the Taiwan Space Agency, commenting that in sectors such as satellite technology, green energy, and cyber security, British expertise and trusted standards can provide meaningful solutions. Noting that President Lai spoke in his remarks of the broader challenge of peace and security in the region, Minister Alexander stated that the United Kingdom has, of course, also continued to affirm its commitment to peace and stability in the Taiwan Strait, along with its G7 partners. The UK-Taiwan relationship is strategic, enduring, and growing, he stated, and they reaffirm and remain firm in their longstanding position and confident in their ability to work together to support both prosperity and resilience in both of our societies. Minister Alexander said that, as Taiwan looks to diversify capital and build global partnerships, they believe the UK represents a strong and ambitious investment destination, particularly for Taiwanese companies at the very forefront of robotics, clean tech, and advanced industry. He pointed out that the UK’s markets are stable, open, and aligned with Taiwan’s vision of a high-tech, sustainable future, adding that he looks forward to our discussion on how we can further deepen our cooperation across all of these areas and more. The delegation also included Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific at the UK Department for Business and Trade. The delegation was accompanied to the Presidential Office by British Office Taipei Representative Ruth Bradley-Jones.   

    Details
    2025-06-27
    President Lai confers decoration on former Japan-Taiwan Exchange Association Chairman Ohashi Mitsuo
    On the morning of June 27, President Lai Ching-te conferred the Order of Brilliant Star with Grand Cordon upon former Chairman of the Japan-Taiwan Exchange Association Ohashi Mitsuo in recognition of his firm convictions and tireless efforts in promoting Taiwan-Japan exchanges. In remarks, President Lai stated that Chairman Ohashi cares for Taiwan like a family member, and expressed hope that Taiwan and Japan continue to deepen their partnership, bring about the early signing of an economic partnership agreement (EPA), and jointly build secure and stable non-red supply chains as we boost the resilience and competitiveness of our economies and jointly safeguard the values of freedom and democracy. A translation of President Lai’s remarks follows: Every meeting I have with Chairman Ohashi, with whom I have worked side by side for many years, is warm and friendly. I recall that when we met last year, Chairman Ohashi said that he often thinks about what Japan can do for Taiwan and what Taiwan can do for Japan, and that it is that mutual concern that makes us so close. This was a truly moving statement illustrating the relationship between Taiwan and Japan. Chairman Ohashi has also said numerous times that our bilateral relations may very well be the best in the entire world, and that in fact they may serve as a model to other countries. Indeed, Chairman Ohashi is himself an exemplary model for friendly relations between Taiwan and Japan. His spirit of always working tirelessly to promote Taiwan-Japan exchanges is truly admirable. Assuming the position of chairman of the Japan-Taiwan Exchange Association in 2011, he served during the terms of former Presidents Ma Ying-jeou and Tsai Ing-wen, continuously making positive contributions to Taiwan-Japan relations. Over these past 14 years, Taiwan and Japan have signed over 50 major agreements, spanning the economy and trade, fisheries, and taxes, among other areas. In 2017, the Taiwan-Japan Relations Association and the Japan-Taiwan Exchange Association underwent name changes, strengthening the essence and significance of Taiwan-Japan relations. These great achievements were all made possible thanks to the firm convictions and tireless efforts of Chairman Ohashi. On behalf of the people of Taiwan, I am delighted to confer upon Chairman Ohashi the Order of Brilliant Star with Grand Cordon to express our deepest thanks for his outstanding contributions. Chairman Ohashi is not just a good friend of Taiwan, but someone who cares for Taiwan like a family member. When a major earthquake struck in 2016, he personally went to Tainan to assess the situation and meet with the city government. This outpouring of friendship and support across borders was deeply moving. As we look to the future, I hope that Taiwan and Japan can continue to deepen our partnership. In addition to bringing about the early signing of an EPA, I also hope that we can expand collaboration in key areas such as semiconductors, energy, and AI, continue building secure and stable non-red supply chains, and boost the resilience and competitiveness of our economies as well as peace and stability in the Indo-Pacific. As Chairman Ohashi has said, the close bilateral relationship between Taiwan and Japan is one the world can be proud of. I would like to thank him once again for his contributions to deepening Taiwan-Japan ties. Taiwan will continue to forge ahead side by side with Japan, jointly safeguarding the values of freedom and democracy and mutually advancing prosperous development. I wish Chairman Ohashi good health, happiness, peace, and success in his future endeavors, and invite him to return to Taiwan often to visit old friends. Chairman Ohashi then delivered remarks, first thanking President Lai for his kind words. He stated that the Taiwan-Japan relationship is not only worthy of praise; it can also serve as a superb model in the world for bilateral relations that is worthy of study by other countries. He added that this is the result of the collective efforts of President Lai as well as many other individuals. Chairman Ohashi said that the current international situation is rather severe, with wars and conflicts occurring between many neighboring countries. He said that there is a growing trend of nuclear weapon proliferation, emphasizing that use of such weapons would cause significant harm between nations. He also pointed out that some countries even use nuclear weapons as a threat, leading to instability and impacting the global situation. Chairman Ohashi said that neither Taiwan nor Japan possesses nuclear weapons, which is something to be proud of. That is why, he said, we can declare that a world without nuclear weapons is a peaceful world. He also mentioned that during his tenure as chairman of the Japan-Taiwan Exchange Association, he consistently upheld this principle in his work. Chairman Ohashi said that the mission of the World Federalist Movement (WFM) is to promote world peace. He said that the WFM has branches in countries worldwide, with the WFM of Japan being one of the most prominent, and that it also aspires to achieve the goal of world peace. Having served as chairman of the Japan-Taiwan Exchange Association for 14 years, he said, he is now stepping down from this role and will serve as the chairman of the WFM of Japan, aiming to promote peace in countries around the world. Chairman Ohashi said that both Taiwan and Japan can take pride in our friendly bilateral relationship, emphasizing that if the good relationship between Japan and Taiwan could be offered as an example to countries around the world, there would be no more wars. He expressed his sincere hope that under President Lai’s leadership, Taiwan and Japan can work together to jointly promote world peace. Also in attendance at the ceremony was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-06-25
    President Lai meets Japan’s former Economic Security Minister Kobayashi Takayuki
    On the afternoon of June 25, President Lai Ching-te met with Kobayashi Takayuki, Japan’s former economic security minister and a current member of the House of Representatives. In remarks, President Lai expressed hope to combine the strengths of the democratic community to build resilient, reliable non-red supply chains, and ensure a resilient global economy and sustainable development. He also expressed hope that Taiwan and Japan can bring about the early signing of an economic partnership agreement (EPA), and that Japan will continue supporting Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. The following is a translation of President Lai’s remarks: I welcome Representative Kobayashi back to Taiwan for another visit after seven years. During his last visit, he was with a delegation from the Liberal Democratic Party (LDP) Youth Division, and we met at the Executive Yuan. I am very happy to see him again today. Representative Kobayashi has long paid close attention to matters involving economic security, technological innovation, and aerospace policy. He also made a stunning debut in last year’s LDP presidential election, showing that he is truly a rising star and an influential figure in the political sphere. With this visit, Representative Kobayashi is demonstrating support for Taiwan with concrete action, which is very meaningful. Taiwan and Japan are both part of the first island chain’s key line of defense. We thank the many Japanese prime ministers, including former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as current Prime Minister Ishiba Shigeru, for the many times they have highlighted the importance of peace and stability in the Taiwan Strait at important international venues, and for expressing opposition to the use of force or coercion to unilaterally change the status quo in the Taiwan Strait. I hope that Taiwan and Japan can engage in more cooperation and exchanges to promote peace and prosperity in the Indo-Pacific region in all aspects. In particular, China in recent years has been actively expanding its red supply chains, which threaten the global free trade system and advanced technology markets. Taiwan hopes to combine the strengths of the democratic community to build resilient, reliable non-red supply chains. In the semiconductor industry, for example, Taiwan has excellent advanced manufacturing capabilities, while Japan plays an important role in materials, equipment, and key technologies. I am confident that, given the experience that Taiwan and Japan have in cooperating, we can build an industrial supply chain composed of democratic nations to ensure a resilient global economy and sustainable development. I hope that Taiwan and Japan can bring about the early signing of an EPA in order to deepen our bilateral trade and investment exchanges and cooperation. I also hope that Japan will continue supporting Taiwan’s bid to join the CPTPP, enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. Taiwan and Japan are democratic partners that share the values of freedom, democracy, and respect for human rights. I firmly believe that so long as we work together, we can certainly address the challenges posed by authoritarianism, and bring prosperity and development to the Indo-Pacific region. In closing, I welcome Representative Kobayashi once again. I am certain that this visit will help enhance Taiwan-Japan exchanges and deepen our friendship. Representative Kobayashi then delivered remarks, first thanking President Lai for taking the time to meet with him, and noting that this was his second visit to Taiwan following a trip seven years prior, when he came with his good friend from college and then-Director of the LDP Youth Division Suzuki Keisuke, now Japan’s minister of justice. Representative Kobayashi mentioned a Japanese kanji that he is very fond of – 絆 (kizuna) – which means “deep ties of friendship.” He emphasized that a key purpose of this visit to Taiwan was to reiterate the deep ties of friendship between Taiwan and Japan. In addition to deep historical ties, he said, Taiwan and Japan also enjoy a like-minded partnership in terms of economic, personnel, and friendship-oriented exchanges. He went on to say that at the strategic level, Taiwan and Japan also have deep ties of friendship, and that for Japan, it is strategically important that Taiwan not be isolated under any circumstances. Representative Kobayashi emphasized that cooperation between Taiwan and Japan, and even cooperation among Taiwan, Japan, and the United States, are more important now than ever, and that another important focus of this visit is the non-red supply chains referred to earlier by President Lai. He said that as Japan’s first economic security minister and the person currently in charge of the LDP’s policy on economic security, he is acutely aware of the important impact of economic security on national interests, and therefore looks forward to further exchanging views regarding Taiwan’s concrete steps to build non-red supply chains. The delegation was accompanied to the Presidential Office by Japan-Taiwan Exchange Association Deputy Representative Takaba Yo.

    Details
    2025-06-16
    President Lai meets delegation led by Representative Bera, co-chair of US Congressional Taiwan Caucus
    On the morning of June 16, President Lai Ching-te met with a delegation led by Representative Ami Bera, co-chair of the US Congressional Taiwan Caucus. In remarks, President Lai thanked the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives to strengthen Taiwan-US ties, helping expand Taiwan’s international space and continuing to place focus on peace and stability across the Taiwan Strait. The president said that we will continue to strengthen bilateral investment and industrial cooperation and create a more comprehensive environment for economic and trade exchanges to jointly enhance economic and developmental resilience. A translation of President Lai’s remarks follows: I am delighted to meet with the delegation and welcome Congressman Bera back to the Presidential Office. Last January, he visited after the presidential election, demonstrating the steadfast backing of the US Congress for democratic Taiwan. This time, as head of a delegation of new members of the House Armed Services Committee and the Foreign Affairs Committee, he is continuing to foster US congressional support for Taiwan. On behalf of the people of Taiwan, I extend a sincere welcome to Congressman Bera and all our esteemed guests. Over the years, staunch bipartisan US congressional backing of Taiwan has been a key force for steadily advancing our bilateral relations. I thank the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives, thereby strengthening Taiwan-US ties, helping expand Taiwan’s international space, and continuing to place focus on peace and stability across the Taiwan Strait. I want to emphasize that Taiwan has an unwavering determination to safeguard peace and stability in the Indo-Pacific region. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience and accelerate reform of national defense. The government is also prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP this year. I hope that Taiwan-US security cooperation will evolve beyond military procurement to a partnership that encompasses joint research and development and joint production, further strengthening cooperation and exchange in the defense industry. Regarding industrial exchanges, last month, Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Minister of Economic Affairs Kuo Jyh-huei (郭智輝) each visited Texas to see firsthand Taiwan-US collaboration in AI and semiconductors. And the delegation led by Executive Yuan Secretary-General Kung Ming-hsin (龔明鑫) sent by Taiwan to this year’s SelectUSA Investment Summit in Washington, DC, was again the largest of those attending. All of this demonstrates Taiwan’s commitment to working alongside the US to create mutual prosperity. In the future, we will continue to strengthen bilateral investment and industrial cooperation. And I hope that the legislation addressing the issue of Taiwan-US double taxation will become law this year. I want to thank Congressman Bera for co-leading a joint letter last November signed by over 100 members of Congress calling for such legislation. I believe that by creating a more comprehensive environment for economic and trade exchanges, Taiwan and the US can enhance economic and developmental resilience. In closing, I thank you all for making the long journey here to advance Taiwan-US relations. Let us continue working together to promote the prosperous development of this important partnership. Congressman Bera then delivered remarks, saying that on behalf of the delegation, it is an honor for him to be here once again, it being last January that he and Congressman Mario Díaz-Balart visited and congratulated President Lai on his election victory, noting that theirs was the first congressional delegation to do so. Congressman Bera said that this is an important time, not just for the US and Taiwan relationship, but for all relationships around the world. When we look at conflicts in Europe and in the Middle East, he said, it is incumbent upon democracies to hold the peace in Asia. He emphasized that is why it is important for them to bring a delegation of members of the Foreign Affairs Committee and the Armed Services Committee, adding that he believes for all of them it is their first trip to Taiwan.  Congressman Bera said that while this is a delegation of Democratic members of Congress, in a bipartisan way all of Congress continues to support the people of Taiwan. As such, in this visit he brings support from his co-chairs on the Taiwan caucus, Congressman Díaz-Balart and Congressman Andy Barr. He also took a moment to recognize the passing of Congressman Gerald Connolly, who was a longtime friend of Taiwan and one of their co-chairs on the caucus. Congressman Bera mentioned that there is always a special bond between himself and President Lai because they are both doctors, and as doctors, their profession is about healing, keeping the peace, and making sure everybody has a bright, prosperous future. In closing, he highlighted that it is in that spirit that their delegation visits with the president. The delegation also included members of the US Congress Gabe Amo, Wesley Bell, Julie Johnson, Sarah McBride, and Johnny Olszewski.

    Details
    2025-06-13
    President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel
    On the morning of June 12, President Lai Ching-te met a delegation led by Marie-Noëlle Battistel, chair of the French National Assembly’s Taiwan Friendship Group. In remarks, President Lai thanked the National Assembly for its long-term support for Taiwan’s international participation and for upholding security in the Taiwan Strait, helping make France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. The president also said that exchanges and cooperation between Taiwan and France are becoming more frequent, and that he hopes this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations and help build closer partnerships in the economy, trade, energy, and digital security.  A translation of President Lai’s remarks follows: First, I would like to welcome Chair Battistel, who is once again leading a visiting delegation. Last year, Chair Battistel co-led a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao. This is her fourth visit, and first as chair of the Taiwan Friendship Group, which makes it especially meaningful. This delegation’s visit demonstrates strong support for Taiwan, and on behalf of the people of Taiwan, I want to express my sincerest welcome and thanks. France is a pioneer in promoting free and democratic values. These are values that Taiwan cherishes and is working hard to defend. I want to express gratitude to the French Parliament for their long-term support for Taiwan’s international participation, and for upholding security in the Taiwan Strait. The French Parliament’s two chambers have continued to strongly support Taiwan, with the passage of a resolution supporting Taiwan’s participation in international organizations in 2021, as well as the passage of the seven-year Military Programming Law in 2023. This has made France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. Through it all, the Taiwan Friendship Group has played a key role, and I want to thank all of our distinguished guests for their efforts. Over the past few years, Taiwan and France have continued to deepen cooperation in areas including the economy, technology, culture, and sports. At the Choose France summit held in Paris last month, Taiwanese and French enterprises also announced they will launch cooperation in the semiconductor and satellite fields. The VivaTech startup exhibition, now being held in France, also has many Taiwanese vendors participating. Exchanges and cooperation between Taiwan and France, whether official or people-to-people, are becoming more and more frequent. I hope that this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations, building closer partnerships in the economy, trade, energy, and digital security.  To address current geopolitical and economic challenges, Taiwan will continue to join forces with France and other like-minded countries to jointly safeguard peace and stability in the Indo-Pacific region, and contribute our concerted efforts to global prosperity and development. Once again, I want to welcome our visitors to Taiwan. I hope to continue our joint efforts to create a more prosperous future for both Taiwan and France.   Chair Battistel then delivered remarks, thanking President Lai for extending this invitation. Last year on May 20, she said, she and her delegation attended the presidential inauguration ceremony, so she was delighted to visit Taiwan once again with the French National Assembly’s Taiwan Friendship Group and bear witness to their friendship with Taiwan. Chair Battistel noted that this visit has given them an opportunity to strengthen Taiwan-France relations in areas including the economy, culture, the humanities, and diplomacy, and conduct exchanges with numerous heads of government agencies and research institutes. It has also been an opportunity, she said, to witness the importance of exchanges and cooperation with Taiwan in areas including energy, semiconductors, youth, and culture, and the impact created by important issues of mutual concern, including AI and disinformation, on the security of many countries. Chair Battistel praised Taiwan for its youth development efforts, and said that under the Taiwan Global Pathfinders Initiative, 30 Taiwanese young people have embarked on a visit to France, with itineraries including the United Nations Ocean Conference and the VivaTech exhibition, as well as the city of Toulouse, which is strategically important for the aerospace industry. Members of the group are also conducting exchanges at the French National Assembly, she said.  Chair Battistel stated that the Taiwan-France partnership is growing closer, and that she hopes to continue to strengthen bilateral exchanges and cooperation, as supporting peace for Taiwan supports peace around the world.  The delegation also included Taiwan Friendship Group Vice Chair Éric Martineau, as well as National Assembly Committee on Foreign Affairs Vice Chair Laetitia Saint-Paul and Deputies Marie-José Allemand and Claudia Rouaux. The delegation was accompanied to the Presidential Office by French Office in Taipei Deputy Director Cléa Le Cardeur.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: Arrests – Police vehicle rammed – Alice Springs

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested two 14-year-old males after a police vehicle ramming incident occurred in Alice Springs yesterday.

    Around 5:40am on Tuesday 1 July, the Joint Emergency Services Communication Centre received a report that a red Mahindra station wagon had been stolen from a residence in Teatree Court in Sadadeen. The victim reported seeing two unknown persons inside the vehicle leaving the area.

    At 6am, police CCTV operators observed the vehicle at a service station on Railway Terrace. Two police vehicles responded and sighted one offender running from the scene on foot, and the second offender entering the stolen vehicle. The driver reversed at speed and rammed into the front of one of the police vehicles, before fleeing the area.

    No police member was injured as a result of the incident, however the police vehicle sustained substantial damage.

    The 14-year-old passenger was arrested nearby after a short foot chase.

    Earlier today, the 14-year-old driver was also arrested and the stolen motor vehicle was recovered by police.

    Commander Mark Grieve said, “This incident highlights the dangers that our members face every day while responding to violent behaviour.

    “It is appalling behaviour, and police do not deserve to be targeted while executing their duty of serving and protecting the community.

    “This could have easily resulted in serious injury or death, and I commend the officers for acting safely and professionally under challenging circumstances.”

    MIL OSI News