Category: Asia Pacific

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Bora Delivers Highest Operating Cash Flow Margin Since 2020, Enabling 2026 Bolt-On Investments from a Larger, Stronger Platform

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 March 2026 – Bora Pharmaceuticals (“Bora”; TWSE: 6472; OTCQX: BORAY) today announced its financial results and operational highlights for full year 2025 and provides 2026 outlook.

FY25 Business and Financial Highlights

  • Company reported full year revenues, with discontinued operations reported separately, of NT$19,014 million, up 9.11% from the prior year and basic EPS of NT$23.90, or NT$2.63 for the fourth quarter. Full year EPS represents a 24.22% year-over-year decline, mostly due to a net loss per share of NT$11.24 from discontinued operations.
  • In the fourth quarter, following the completion of tech transfer of production transitions out of the Plymouth area in Minnesota, the COGS of those originally Plymouth-made inventories have been reconsolidated to COGS line. Hence on a like-for-like basis when compared with other quarters in 2025, fourth quarter gross margin would have been approximately 38-39%. The reported high single-digit percentage sequential decline in gross margin, which also led to softened operational leverage, was primarily attributable to a temporary slowdown in DLS orders from following the entry of a new competitor in Nov. with limited launch visibility during the quarter. Higher effective tax rates during the quarter were a direct result of less sell-through downstream from related party transactions of the internally manufactured generic products. In addition, heightened generics competition of Topiramate ER, a leading generics product of Upsher-Smith, was also a negative gross margin mover.
  • Management believes the 4Q25 OPEX profile more accurately reflects the expanded operating platform and our strategic repositioning into new focus areas. Sales and marketing expenses increased seasonally in line with market share cadence and channel expansion initiatives, while R&D spending sat on the disciplined side. Gross margin expansion serves as the key lever for operating leverage as scale improves fixed-cost absorption.
  • Pharma sales revenue remained volatile in the fourth quarter as legacy inventory phased out and new product approvals remain pending. Generics portfolio competitiveness remains a key focus area in the near term for both top line and gross margin. Nevertheless, led by vigabatrin franchise, Bora’s rare disease portfolio continued to gain impressive market share across dosage forms. The Company aims to actively refill pipelines in 2026 to regain profitable growth.
  • The Group’s CDMO business delivered another strong quarter in both revenues and gross margin. Supported by expanded capacity and the addition of new dosage forms, CDMO revenues grew 53.8% year-over-year in 2025 to NT$10.64 billion, including internal orders. Excluding internal orders, revenues reached NT$7.50 billion, representing a 19.53% increase compared to 2024.
  • As 2025 marked a year of post-merger integration and strategic consolidation, Bora achieved its highest operating cash flow margin in recent years at 34.74% in the fourth quarter, compared with -4.00% in the same period last year. This improvement reflects the transformation of the Bora Group into a more efficient organization operating on a larger and stronger platform. The Board has proposed a NT$10 cash dividend per share, demonstrating confidence in the Group’s strengthened cash generation and commitment to delivering sustainable returns to shareholders, reaching the highest yield rate proposed.
  • Share capital increased 3.18% during the quarter from employee stock option exercise and convertible bond conversions.

Mr. Bobby Sheng, Chairman of Bora Group, stated, “2025 represented a pivotal year for Bora Group. Beyond post-acquisition integration, it was a year of disciplined capital allocation and balance sheet stewardship. Having stepped onto a larger growth platform, we deliberately reassessed optimal cash deployment, portfolio mix of both CDMO and Pharma Sales businesses and forthcoming return metrics under a stable equity structure. One year after closing the 2024 acquisitions, we achieved our highest operating cash flow margin, marking a complete turnaround from the same period last year when the Group first transitioned to its current scale.

The external environment was marked by significant shifts. We operated against a backdrop of renewed U.S. trade and industrial policy shifts, triggering supply chain realignment and foreign exchange fluctuations. At the same time, rapid AI adoption began reshaping manufacturing competitive dynamics, if not capital market funding flow. Concurrently, the Group faced competition in a handful core generic products that remain meaningful contributors to revenue and EBITDA. Discontinued operations aside, based on the reclassified financial statements for 2025 and 2024, EBITDA for continued operations declined 19.0% compared to 2024, but remains 12.5% higher than 2023, underscoring the structurally higher revenues and earnings base established over the past 2 years.

Despite these headwinds, the Group remained profitable and has preserved financial flexibility. Notably, we funded Bora’s largest CDMO CAPEX program in our history and executed the business transformation of Upsher-Smith entirely within existing credit facilities, without incremental equity dilution. While value expansion of this new Bora Group platform took longer than the Company expected, we believe the year demonstrates the resilience of our operating model, disciplined financial management, and our ability to execute strategic investments while maintaining earnings and balance sheet integrity.

We are especially delighted to share the contract renewal with GSK earlier this year. From day one, this partnership was built on mutual trust and a shared commitment to quality. With the latest developments, we are looking at a decade of collaboration with GSK and committing through 2030 speaks to our shared focus on value and reliability. We have also established new partnerships with several high-growth pharmaceuticals over the past few months, further expanding our client base across our North American network. These partners share our belief in an integrated and orchestrated supply chain model, leveraging our multi-site platform to support development, manufacturing, and commercialization needs.

To sum up, the CDMO rolling 12-month external order backlog, after a good quarter of digestion and less working days, arrived at US$264 million. Total external wins in 2025 reached a phenomenal US$482 million, of which 89% were commercial-stage orders and 16 molecules in pre-commercial stage, providing solid visibility into 2026 and beyond especially for Canada and Baltimore sites. At the same time, Bora continues to leverage a unified CDMO network to enhance cost competitiveness for our very own Upsher-Smith generics portfolio.

On the pharma sales side, Upsher-Smith today represents a structurally repositioned platform. Performance has been increasingly driven by lifecycle management, including continued maximization of the infantile spasm franchise, alongside active pipeline replenishment with a heightened focus on differentiated assets, particularly NCEs in rare diseases. Within Generics, we have confirmed 7 launches in 2026, including the recently approved Cyclosporine and an in-licensed product indicated for hyponatremia. We are also observing a more constructive environment for DLS than initially anticipated, with 2026 year-to-date market share maintained. Last but not least, based on our current knowledge of the relevant U.S. patent rulings, if TWi receives approval for Cladribine (gMavenclad), Upsher-Smith, as the exclusive distributor, would be positioned to launch the product in the U.S., subject to customary regulatory and commercial considerations.

Beyond our base expectation of launching more than 10 generic products annually, we have identified revenue and EBITDA accretive, bolt-on investment opportunities to further strengthen this business in 2026. These include progressively expanding our injectable and 505(b)(2) portfolios to enhance differentiation and economics, as well as deepening penetration across proprietary and specialty distribution channels. When we exit this year with a more diversified and better-calibrated product mix, we expect improved earnings resilience and more stable growth trajectory going forward.”

FY25 Operational Achievements & 2026 Outlook

Global CDMO Operations

Global CDMO operations revenue reached record highs for both the quarter and the full year, accounting for approximately 45.78% of reported revenues in the quarter and 39.43% for FY2025. In total, 2.5 billion doses were developed and manufactured. Revenue contribution from the top 20 global pharmaceutical companies declined slightly to 29% from the low-30% range previously, primarily reflecting the addition of several fast-growing pharmaceutical clients to the Company’s portfolio in recent years, with increasing contributions from their successful product launches.

As the Company continues to expand its CDMO capacity and capabilities, including approximately 10% additional aseptic fill/finish capacity and a net ~3% expansion in solid and liquid dosage capacity, Bora Group monitors utilization rate carefully across facilities. While the Company remains confident that investing in U.S. manufacturing capacity is strategically sound, given the importance of the U.S. pharmaceutical market and supply chain resilience, capital allocation must also align with prevailing industry investment cycles. Against this backdrop, a structural supply gap in single-use drug substance (DS) bioreactor capacity, projected to grow at an estimated 8–10% CAGR, reinforces the rationale for continued investment in Tanvex Biopharma (branded as Bora Biologics) as Bora Group expands its CDMO platform. Supported by a more favorable funding environment for early-stage biotech companies in the US, rapidly growing biologics pipeline, increasing FDA approvals, long product lifecycles, and Tanvex’s integrated access to Bora’ Group’s drug product (DP) fill/finish capabilities, the strategic platform presents a compelling long-term value creation opportunity. While this represents a near-term drag on reported earnings, the Company believes these investments are necessary to position Bora Group for long-term participation in the CDMO market that values quality and OTIF (On Time, In Full) delivery.

Pharma Sales Operations

Pharma Sales operations generated revenue of NT$2.64 billion in the fourth quarter, marking one of slowest quarters since the Upsher-Smith merger. For the full year, Pharma Sales declined 11.30% compared to 2024, excluding the impact of discontinued operations related to delisted products, and accounted for 60.48% of total revenues.

A key leading indicator in specialty pharma is the number of new patients, and across the Vigabatrin franchise, Upsher-Smith continues to demonstrate positive momentum on this front. Upsher-Smith intends to pursue enhanced customer segmentation to further increase salesforce effectiveness in 2026 with investments in key commercial functions and patient access to increase salesforce effectiveness.

Recent Investor Conference

Bora will host an English online earnings call at 9:30 p.m. Taiwan time on Mar. 12th, 2026, followed by an investor conference hosted by Taishin Securities at the Regent Taipei at 2:00 p.m. on Mar. 19th, 2026. Both events will cover the Company’s 2025 financial and business results and 2026 outlook.

English Online Earnings Presentation Link: https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5255333/bora-pharmaceuticals-otcqx-boray-twse-6472

Bora will participate in 2026 Jefferies Asia Forum in March in Hong Kong and an East coast NDR in NYC and Boston. For 1:1 meetings with management, please contact your Jefferies and Sinopac representative.

Bora 2026 Earnings Schedule

Q1 2026: Expected in the 2nd week of May 2026
Q2 2026: Expected in the 2nd week of Aug 2026
Q3 2026: Expected in the 2nd week of Nov 2026
Q4 2026: Expected in the 2nd week of Mar 2027

Hashtag: #Bora

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/bora-delivers-highest-operating-cash-flow-margin-since-2020-enabling-2026-bolt-on-investments-from-a-larger-stronger-platform/

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VinEnergo Hai Phong LNG Power Plant to Use GE Vernova Gas Turbines and Generators

Source: Media Outreach

HANOI, VIETNAM – Media OutReach Newswire – 11 March 2026 – VinEnergo Energy Joint Stock Company, a subsidiary of Vingroup, and GE Vernova in the United States have officially signed a technology selection agreement to supply some of the world’s most advanced gas turbines and generators for VinEnergo’s LNG power plant project in Hai Phong. The event marks an important milestone in realizing the goal of developing VinEnergo Hai Phong into the largest gas-fired power plant in Vietnam, contributing to national energy security and promoting the transition toward a green economy.

Mr. Nguyen Anh Khoa, CEO of VinEnergo (left), and Mr. Eric Gray, CEO of Power segment, GE Vernova, announced the agreement under the witness of Mr. Le Manh Hung, Acting Minister of Industry and Trade and Mr. Scott Strazik, CEO of GE Vernova.

The signing ceremony between VinEnergo and GE Vernova took place during The Energy of Change Summit 2026 in Hanoi, attended by Acting Minister of Industry and Trade Le Manh Hung and more than 400 reputable organizations from the global energy sector. The agreement represents a significant step toward ensuring construction progress and bringing the Hai Phong LNG power plant into operation by the end of 2030.

As a global leader in energy technology with more than 100 years of experience and a strong track record in meeting stringent environmental and operational standards, GE Vernova has been selected by VinEnergo as the core equipment supplier for the Hai Phong LNG power plant. Under the agreement, GE Vernova shall supply two 9HA.02 gas turbines and two H78 generators in phase I, with a capacity of 1600 MW, to ensure the plant can begin operations by the end of 2030.

Nguyen Anh Khoa, Chief Executive Officer of VinEnergo, stated: “Partnering with GE Vernova, a leading global supplier, to deploy the most advanced technologies will not only ensure optimal operational efficiency for the Hai Phong LNG power plant, but also reaffirm our strong commitment to pioneering emissions reduction and building a sustainable green industrial and energy ecosystem.”

Ramesh Singaram, President & CEO, Gas Power, Asia, GE Vernova stated: “We are honoured that VinEnergo and Vingroup have entrusted GE Vernova with a central role in this important project. Through the deployment of the 9HA.02 gas turbine and H78 generator, we are delivering advanced technology that supports lower emissions, industry‑leading efficiency, and reliable large‑scale power generation. This collaboration underscores our commitment to sustainable energy solutions and to supporting Vietnam’s accelerated transition to more sustainable energy.”

The GE Vernova 9HA.02 gas turbine technology is highly efficient, featuring fast startup capabilities and flexible load adjustment, allowing it to respond effectively to continuously fluctuating power demand. With combustion temperatures exceeding 1,400 degrees Celsius, the system significantly enhances power generation efficiency. Notably, the 9HA.02 turbine offers flexible fuel options, capable of burning hydrogen at up to 50% by volume, with a roadmap toward 100% hydrogen in the future, clearly demonstrating its alignment with sustainable energy development goals.

With the official signing of the cooperation agreement between VinEnergo and GE Vernova, the Hai Phong LNG power plant project, developed by a consortium of Vingroup and VinEnergo Energy Joint Stock Company, is expected to begin operations by the end of 2030 as planned and become one of the world’s leading LNG-fueled power plants.

Hashtag: #VinEnergo

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/vinenergo-hai-phong-lng-power-plant-to-use-ge-vernova-gas-turbines-and-generators/

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Mitsubishi Logisnext Asia Pacific Rebrands as Logisnext Asia Pacific, to Strengthen Leadership in Logistics Solutions

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 11 March 2026 – Mitsubishi Logisnext Asia Pacific (MLAP) announced today it will be rebranded to Logisnext Asia Pacific in the future, aligning with the strategic direction set by Mitsubishi Logisnext Co. Ltd. (ML) for its group companies.

This global change will mark a significant step in ML’s ongoing transformation, guided by the “Logisnext Vision 2035”. As part of this process, ML has formed a partnership with Japan Industrial Partners (JIP) as the new strategic partner to support sustainable growth and long-term value creation. Consequently, all group companies will adopt the new company name from 30th of April.

Commitment to Customers
“While our name is changing, our commitment to customers and dealer partners remains unchanged,” said Yasumitsu Baba, Managing Director of Mitsubishi Logisnext Asia Pacific. “We will continue to provide reliable equipment, trusted services, and solutions that drive customer success, while further strengthening our global alignment.”

Global and Regional Strategy
Logisnext operates globally through four regional hubs: Japan, EAME (Europe, Africa, CIS, and Middle East), Americas, and APAC/C/SA (Asia Pacific, China and South Africa). This structure enables the group to reinforce its position as a leading solutions provider in the logistics industry answering to the local customers’ needs.

In line with the rebrand, the global Logisnext group will implement strategic changes to its brand portfolio in the coming years. These are tailored to the specific needs of each region, ensuring the best fit to serve regional markets. Starting with Japan, “Mitsubishi Forklift Trucks” product lines will rebrand to “Logisnext”.

APAC/C/SA Region Update
In the APAC/C/SA region, the “Mitsubishi Forklift Trucks” will transit to “Logisnext Forklifts” in the coming years as part of the rebranding initiative. During this period and beyond, we are committed to continue offering customers the same dependable engineering, innovative equipment and comprehensive solutions, delivered through our dealer partners. Mitsubishi Forklift Trucks is best known for its Reliability, Quality and Value for Money will continue to be with the “Logisnext Forklifts” brand, customers can expect same ownership experience and satisfaction.

Transition and Support
Throughout this transition, MLAP is prioritising stability and consistency for dealer partners and customers. All current support teams and service structures will remain in place, ensuring a seamless process for all stakeholders.

Hashtag: #MitsubishiLogisnextAsiaPacific #LogisnextAsiaPacific #MitsubishiForkliftTrucks #MitsubishiForklifts #LogisnextForklifts

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/mitsubishi-logisnext-asia-pacific-rebrands-as-logisnext-asia-pacific-to-strengthen-leadership-in-logistics-solutions/

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Nelipak Announces Opening of Asia-Pacific Technical Development Center

Source: Media Outreach

New Singapore facility integrates flexible and rigid sterile barrier packaging systems development under one roof to simplify and accelerate package design and speed to market

SINGAPORE – Media OutReach Newswire – 11 March 2026 – Nelipak® Corporation (“Nelipak”), a leading global provider of healthcare packaging solutions, today announced the opening of its new Asia-Pacific Technical Development Center located in Singapore. This new facility establishes an integrated technical development capability in the Asia-Pacific region combining Nelipak’s flexible and rigid sterile barrier packaging design and innovation capabilities under one roof.

(L-R) Roger Prevot, Chairman, Nelipak, Aldin Velic, Vice President and General Manager, Asia-Pacific, Nelipak, Soo Haw Yun, Vice President, Global Enterprises, Singapore Economic Development Board, Pat Chambliss, Chief Executive Officer, Nelipak, Sean Patel, Vice President, Commercial Development, Nelipak

This investment marks a major milestone in Nelipak’s global growth strategy and establishes a permanent technical and innovation presence in one of the world’s fastest-growing medical device innovation and manufacturing hubs. Its strategic location in Singapore offers a launchpad to Asia-Pacific’s medtech and biomedical industries, owing to the country’s strong global connectivity and growing healthcare manufacturing and research capabilities.

The center will enable Nelipak to support customers across Southeast Asia, China, Japan, Korea, India, Australia, and New Zealand. It combines personalized real-time collaboration with Nelipak’s global manufacturing and innovation network to ensure that packaging solutions developed in Asia-Pacific are globally scalable and production-ready.

Designed to enhance how medical device and pharmaceutical companies develop and validate sterile packaging systems, the Asia-Pacific Technical Development Center enables customers to arrive with a medical device concept and leave with a validation ready packaging design and physical samples. For device manufacturers, the benefit is immediate and tangible. Customers can engage directly with Nelipak’s technical experts to co-develop and validate bespoke sterile barrier solutions, streamline iteration cycles and regulatory processes, and accelerate time to market.

The center supports the development of Nelipak’s comprehensive range of custom designed sterile-barrier packaging solutions which integrate both flexible and rigid formats. Its capabilities are also designed to support ISO 11607-compliant development, risk mitigation, and accelerated commercialization for Class I through Class III medical and pharmaceutical devices.

“Asia-Pacific is an important and growing region for global medical device innovation, manufacturing, and consumption,” said Pat Chambliss, Chief Executive Officer of Nelipak. “Our new Asia-Pacific Technical Development Center located in Singapore represents a foundational investment that supports our global customer base while anchoring Nelipak firmly in the Asia-Pacific region. It reflects our ongoing commitment to ensuring customer access to our broad range of flexible and rigid sterile barrier packaging solutions which are widely used globally and have been used extensively in the region for over 30 years.”

“Medical device customers are under enormous pressure to move faster without compromising safety, compliance, or performance,” said Aldin Velic, Vice President and General Manager, Asia-Pacific, Nelipak. “Our goal with this center is simple. Customers walk in with a device and a packaging challenge, and they leave with an engineered packaging solution, prototype samples in hand, and a clear path to development, validation and commercialization. We are replacing distance, delay, and fragmentation with expertise, speed, and collaboration.”

The Asia-Pacific Technical Development Center is equipped to support early-stage concept development, line extensions, material transitions, and risk mitigation projects, including changes driven by sterilization modality, regulatory requirements, or supply chain resilience. By unifying rigid and flexible packaging development in a single location, Nelipak enables holistic and optimized sterile barrier system design rather than isolated and fragmented component development.

“We congratulate Nelipak on the opening of its first Technical Development Center in Asia-Pacific. The new center will enable Nelipak to work closely with pharmaceutical and medical device companies in the region to accelerate product development and launches. The investment is a welcome addition to Singapore’s growing biomedical sciences ecosystem and strengthens our role as a regional hub for medtech innovation,” said Soo Haw Yun, Vice President, Global Enterprises, Singapore Economic Development Board.

This investment builds on Nelipak’s long-standing commitment to innovation, quality, and customer collaboration and reinforces the company’s broader expansion across Asia-Pacific. It also reflects growing demand from global medical device manufacturers for regionally based technical support that meets the same standards of rigor, speed, and expertise available in established Western markets.

https://www.nelipak.com/
https://www.linkedin.com/company/nelipak
https://x.com/nelipak1953

Hashtag: #Nelipak #Healthcare #HealthcarePackaging #MedicalDevices #Pharma

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/nelipak-announces-opening-of-asia-pacific-technical-development-center/

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Prudential Singapore launches protection plan to help families navigate their health gap years

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 11 March 2026 – Prudential Singapore (“Prudential”) announced the launch of PRUActive Life V, a comprehensive and customisable whole-of-life protection plan to support Singapore families in preparing for their health gap years – the period when an individual diagnosed with critical illness takes time away from work to focus on recovery. The plan offers multiplied coverage and lifelong protection with critical illness add-ons. It provides one of the widest ranges of coverage at 182 conditions including mental illness conditions.

As Singaporeans see higher incidences of critical illness (e.g. almost 58 per cent increase in stroke patients from 2011 to 2021[1]), many families will experience a serious health episode and the affected family member may be unable to work during their recovery. During this ‘health gap’ period, the resulting income loss creates a strain on household finances, along with additional costs to care for the patient at home.

Many Singaporean households remain unprepared to deal with such a scenario. According to the 2022 Protection Gap Study by the Life Insurance Association of Singapore, there is a 74 per cent protection gap[2] against critical illnesses such as cancer[3], stroke[1], and heart disease[4]. This gap is especially challenging for young families raising children and the sandwich generation caring for both children and ageing parents.

Insurance plans play different roles in supporting families during a serious health event. While hospitalisation insurance covers eligible hospital and treatment bills, critical illness plans pay a lump sum upon diagnosis and families have the flexibility to decide how they want to use the payout.

Ms Toni Fung, Chief Customer and Marketing Officer, Prudential Singapore, said: “Many families think that hospitalisation coverage is sufficient when a serious illness strikes and may overlook the wider financial impact on the household. For young families and the sandwich generation, a critical illness can disrupt income and add caregiving responsibilities that impact household finances. Critical illness coverage is therefore not just personal protection, but family protection, as it provides a lump-sum payout to take care of these additional costs.

“Families should consider critical illness protection early to ensure they have a safety net in place and the peace of mind to focus on recovery during their health gap years. With PRUActive Life V, families have access to a comprehensive protection plan that stands firmly behind them for life, even when the unexpected happens.”

Protection for families during their health gap years

PRUActive Life V, alongside its critical illness add-ons, provides whole life coverage for death, terminal illness, total and permanent disability and critical illnesses. It covers a wide range of 182 conditions ranging from cancer to accidental fracture of spinal column and includes additional payouts for 27 medical conditions e.g. mental illness and juvenile conditions[5].

Families may enhance their coverage up to five times (Multiplier Benefit[6]) up until age 80, to scale protection in tandem with their growing household income and caregiving commitments. There is also Kinship Booster[7], a 10 per cent boost in basic coverage for free when an immediate family member takes up PRUActive Life V.

Besides young families, critical illness protection is also important for singles with caregiving responsibilities for other family members such as elderly parents or siblings. A serious illness can disrupt their ability to work and continue supporting those who depend on them financially or for care.

Added Ms Fung: “Singles may face added pressure on their personal finances and family obligations during a prolonged period of rest as they do not have a spouse to share the burden. Critical illness coverage becomes an important safeguard to help them stay financially resilient while managing their caregiving responsibilities.”

Understanding the hidden costs of health gap years

Families can face significant financial strain when they take time off to recover from a critical illness. In Singapore, a family with young children has an average monthly household income and expenditure of $21,435 and $8,577 respectively.

Consider a 35-year-old father with two young children who contributes $15,000 to the monthly household income. When he suffers a stroke, the father pauses work and that results in a loss in income. Table A outlines additional ‘hidden’ costs[8] that he may face during his health break.

Ms Fung highlighted: “Many families underestimate the significant financial cost of recovery during their health gap years, which can be as much as 3.9 times[9] of one’s annual income based on the assumption of a five-year recovery period. Apart from the disruption to income, families may face ‘hidden’ costs such as caregiving arrangements, home modifications and therapies, as well as the longer-term reality that their insurance options may become limited after a serious illness. These hidden expenses will continue to accumulate and place added pressure to household finances.”

# Examples of ‘hidden’ costs[7] during health gap years
1. Caregiving support e.g. salary of a foreign domestic worker or day nurse, or enrolment in a day care centre
2. Caregiver impact e.g. caregivers/family having to take no-pay leave, paying for convenience services such as meal delivery or childcare help, and mental load
3. Home modifications to support changes in patient’s mobility and motor skills
4. Therapy e.g. physiotherapy, occupational therapy, speech therapy, emotional counselling, Traditional Chinese Medicine etc.
5. Costly drugs and alternative treatments
6. Unforeseen expenses which might come up due to complications arising from the diagnosed critical illness

Table A: Hidden costs of health gap years

PRUActive Life V provides families with comprehensive protection against critical illness to manage financial uncertainties during their health gap years.

Other key features include:

For more information on PRUActive Life V, please refer to: https://www.prudential.com.sg/pal-v

[1] Source: https://www.nuh.com.sg/health-resources/newsletter/envisioninghealth—changing-lives-one-idea-at-a-time/delivering-world-class-stroke-care-and-outcomes

[2] Source: https://www.lia.org.sg/news-room/media-releases/2023/singapore-s-critical-illness-protection-gap-narrows-while-mortality-protection-gap-remains-relatively-unchanged-protection-gap-study-2022/

[3] Source: https://www.healthhub.sg/well-being-and-lifestyle/personal-care/cancer-facts-you-cannot-ignore

[4] Source: https://medicine.nus.edu.sg/wp-content/uploads/2023/05/Press-release_Obesity-will-become-the-most-important-risk-factor-for-heart-attacks-within-3-decades_For-dissemination.pdf

[5] Includes Antley Bixler Syndrome, Sanfillipo Syndrome, Bile acid synthesis disorder, and Pyruvate Dehydrogenase Complex Deficiency

[6] Multiplier Benefit is applicable only if you chose to have this benefit when you purchase the plan. You may choose from Multiplier Benefit factors of 2x, 3x, 4x or 5x and Multiplier Benefit ages of 65, 70, 75 or 80. The Multiplier Benefit factor and the Multiplier Benefit age will apply to PRUActive Life V and its attached Early Crisis Care and Crisis Care supplementary benefits.

[7] Only applies if the life assured is below age 55 when the immediate family bought the policy. It adds an extra 10% of the death and terminal illness sum assured of the life assured’s policy, up to S$100,000.

[8] References: https://www.snsa.org.sg/post/helpful-information-for-stroke-survivors-and-caregivers; https://edge.sitecorecloud.io/agencyforinb6cc-agencyforin73f5-production08ac-d178/media/agency-for-integrated-care/Files/Caregiving-Support/General-Caregiving-Resources/AIC_AB_Senior-MobilityAids_web.pdf

[9] Source: https://www.lia.org.sg/media/3974/lia-pgs-2022-report_final_8-sep-2023.pdf

[10] The income payout option allows you to receive yearly payouts from the surrender value of the policy over a period of 10 years. As such, this option is like partial surrender. Please note that once you begin receiving the yearly payouts, the sum assured and the long-term value of your policy will be reduced.

[11] Subject to a maximum of 1 claim per policy

[12] This benefit is only available when your policy has acquired a surrender value that is equal to at least two years’ of premiums paid. This interest-free loan amount needs to be paid back at the end of the premium deferment period. If the loan amount is not paid back at the end of the premium deferment period, interest will be charged. The Premium Defer Benefit can only be used once per policy.

[13] The bonuses are NOT guaranteed and will vary according to the future experience of the participating fund.

https://www.prudential.com.sg/
https://www.linkedin.com/company/prudential-assurance-company-singapore?originalSubdomain=sg
https://www.facebook.com/PrudentialSingapore/
https://www.instagram.com/prudentialsingapore/

Hashtag: #PrudentialSingapore #CriticalIllness #HealthGapYears

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/prudential-singapore-launches-protection-plan-to-help-families-navigate-their-health-gap-years/

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James Dyson Award 2026: Calling the next generation of problem-solvers

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 March 2026 – The James Dyson Award, a global design engineering competition that has supported more than 400 inventions, opens for submissions today for 2026. The Award invites current and recent design and engineering students across 28 countries and regions to present ideas that tackle real-world problems.

Shortlisted entries will be reviewed by national judging panels of design and engineering experts, including Dyson engineers. National winners will receive £5,000 and a chance to progress to the international stage. Sir James Dyson will select global winners to receive £30,000 and a platform to take their inventions to the next level.

The Award gives winners media exposure, international recognition, and the momentum for these young inventors to accelerate their ideas to commercialisation.

Sir James Dyson, Founder of Dyson, said: “I established the James Dyson Award to encourage young ‘doers’ in life who are focused on solving the problems they see in the world, not grandstanding about them. It has been inspiring to see so many brilliant ideas from young design engineers, many of whom have gone on to build businesses and take their problem-solving ideas to people and markets all over the world. I look forward to judging this year’s submissions.”

In 2025, the James Dyson Award marked its 20th year and received more than 2,100 inventions from young engineers worldwide. Projects provided solutions in areas such as health screening, household waste, and disaster relief.

The 2025 Hong Kong winner was awarded to Reef of Hope, an modular, 3D-printed artificial reef designed to restore oyster habitats. Invented by Dean Chan, a PhD candidate at the Hong Kong Polytechnic University, the reef features an innovative topological design and uses a printing substrate infused with oyster shell calcium carbonate.

Since winning, Dean has advanced his project in Tolo Harbour, while delivering R&D services for marine conservation organisations, gaining support from the HKSAR Government and universities to deploy reefs, working with local fishermen in aquaculture areas, and forming a strategic partnership to expand reef deployment to Asia.

“Winning the James Dyson Award has significantly boosted media exposure for my marine conservation mission, providing a powerful platform to connect with much wider audiences and inspire real change.” Dean said.

Another notable past winner is the 2022 Hong Kong winner, O-Oley, which is rethinking eye care with smart-goggle technology designed to support eye health and wellness. Building on the industry exposure and recognition gained through the Award, the team officially launched its product in June 2025 and has since expanded its impact by delivering community screenings with NGO partners. They have also established a dedicated research centre in Tsuen Wan to support ongoing testing and development.

“Honestly, starting a company wasn’t even on our radar,” said Kin Nam Kwok, Minji Seo, Yuen Yin Leung and Kwun Chung Chan. “Winning the James Dyson Award gave us the confidence to take O-Oley from a project to a startup—strengthening our engineering mindset and giving us the credibility to be taken seriously from day one.”

How to enter

Entries can now be submitted via the James Dyson Award website, with the deadline set for midnight on 15th July 2026. University students and recent graduates of design and engineering subjects are eligible to apply.

The best entries tackle a clear global problem, demonstrate a thoughtful design process, and showcase originality and technical feasibility.

Hashtag: #JamesDysonAward

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/james-dyson-award-2026-calling-the-next-generation-of-problem-solvers/

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Preparing Students for a Fast-Changing Future: Creative Schools Continuum Explores the Future of Learning at “Transforming Education 20/40” Symposium

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 March 2026 – On 13 February 2026, the Creative Schools Continuum hosted its “Transforming Education 20/40” Symposium at Creative Secondary School (CSS), bringing together more than 200 educators, school leaders, and parents to discuss how schools should prepare their students for the age of artificial intelligence and rapid technological change.

The event, held as part of the 20th anniversary celebration of Creative Secondary School and the 40th anniversaries of Creative Primary School (CPS) and Creative Primary School’s Kindergarten (CPSKG), focused on a central question: How can schools equip students to navigate an unpredictable future while also cultivating their character, compassion, sense of purpose, and resilience?

Putting Humanity at the Centre of Learning

Mr. Victor Fong, School Supervisor of the Creative Schools Continuum, opened the symposium by stressing the importance of keeping humanity at the core of education in the AI era. He called for schools to prepare students for a more complex world where values, attitudes, and ethical thinking remain essential.

CSS Principal Stephen Hindes extended this vision, noting that schools should move beyond traditional teaching methods to create environments where young people are motivated to explore, question, and grow.

After a performance by students who took part in the 2025 Kuliang Friendship U.S.-China Youth Choir Week, Dr. Spencer Fowler, Head of Li Po Chun United World College, delivered the keynote address. He discussed the importance of finding purpose in an era of technological acceleration, arguing that while algorithms have their place, a clear sense of purpose remains the most vital element in student development.

From Theory to Practice: Educators and Students Respond

The symposium also featured keynote sessions by Dr. Cecilia Tam, Manager of Ph.D. Research Degree Programmes at City University of Hong Kong, and Mr. Maurice Chong, CSS alumnus and Forbes 30 Under 30 Asia honoree, who founded the sports technology company KNO.

Dr. Tam focused on mindfulness and the importance of staying focused in an information-saturated age, while Mr. Chong explored how students can adapt and grow alongside AI, drawing on his experience as an athlete, AI researcher, and entrepreneur.

Participants also joined two rounds of concurrent workshops led by AI and Ed-tech professionals, exploring topics such as digital mindfulness, character development, innovative classroom integration, and so on.

The student panel, moderated by Ms. Ruth Benny of Top Schools, provided symposium participants with the opportunity to hear from students about their experiences studying at CSS. The students describe CSS as a place where they can learn from mistakes with the support of their teachers, while developing leadership, discipline, and a strong sense of responsibility. They also shared their concerns about staying competitive as AI advances, the anxiety brought on by social media, and the challenge of making ethical choices when using AI tools. Their reflections offered authentic perspectives on how young people are actually experiencing the changes that adults are planning for.

Teachers as Guides, Not Just Instructors

The second panel, moderated by Ms. Ruth Benny, brought together Dr. Cecilia Tam, Principal Stephen Hindes, and Mr. Maurice Chong. Their conversation explored a range of forward-looking issues: the reimagined assessments, AI-accelerated learning, and why human values matter more as automation spreads. The panel concluded that the role of educators must shift from delivering information to guiding students towards self-directed learning.

The “Transforming Education 20/40” Symposium underscored the Creative Schools Continuum’s commitment to preparing students not just for academic success, but for meaningful lives in a rapidly evolving world. As technology reshapes learning, educators are redefining their roles as mentors who prepare young people to understand AI, use it wisely, and contribute meaningfully to society.

Factual Highlights of the Creative Schools Continuum
 Three Schools • One Philosophy • One Continuum

  • The motto of Creative Schools Continuum is “Nurture Future Minds • Build Boundless Capacity”, highlighting the continuum’s foresight and insights into quality education and our commitments to our students and parents.
  • Creative Primary School and Creative Secondary School are award-winning “Inviting Schools”. The award recognizes the schools’ commitments to providing an exceptionally caring, trusting, respectful, and positive learning environment for its students and staff.
  • As International Baccalaureate (IB) World Schools, Creative Primary and Creative Secondary Schools offer the IB Primary Years Programme (IB PYP), IB Middle Years Programme (IB MYP) respectively.
  • Creative Secondary School also offers the Hong Kong Diploma of Secondary School Examination (HKDSE) course in parallel with the IB Diploma Programme (IBDP) as pathways to university entrances.

Hashtag: #CreativeSchoolsContinuum #CSS #CPS #CPSKG

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/preparing-students-for-a-fast-changing-future-creative-schools-continuum-explores-the-future-of-learning-at-transforming-education-20-40-symposium/

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Some Aucklanders ‘very wound up’ over housing intensification plans

Source: Radio New Zealand

An apartment on Hobson Street in central Auckland. RNZ / Yiting Lin

Aucklanders are having mixed reactions to Auckland Mayor Wayne Brown’s plan to push ahead with intensification in inner-city suburbs.

Last month, the government agreed to reduce Auckland’s minimum housing capacity from roughly two million to 1.6 million in the coming decades. That is still 400,000 more than the 1.2 million under its current Unitary Plan.

Mayor Brown said his council would be asking the government to allow more housing density within 10 kilometres of the city, where there is good public transport and infrastructure.

Sally Hughes, from the Auckland heritage group the Character Coalition, said she was worried about what the council’s plans would mean for suburbs with historic architecture.

“We’re very concerned about Kingsland, Mount Eden, and the North Shore, which are all included in that 10km where intensification isn’t going to be reduced. We’re very unhappy about that decision,” Hughes said.

Auckland Councillors are yet to see any of the more than 10,000 public submissions it received on a future housing plan for Auckland last year.

About 50 council staff were working to summarise the feedback for councillors to review in the next few months.

Mayor Wayne Brown said his council would be asking the government to allow more housing density within 10 kilometres of the city. RNZ/Marika Khabazi

Hughes said the public’s concerns should be heard before any decisions are made.

“A number of councillors have expressed concern that they were making this decision, including the arbitrary 10km, without seeing any of the submissions,” she said.

“That’s our concern, too. We fear Aucklanders aren’t being listened to.”

Long-time Parnell resident Laurie Mayne said he, along with two other people, including his wife Stephanie, had brought on a lawyer and an economist to put an alternative proposal to the council and the government.

They are proposing that intensification be restricted to the city centre, metropolitan centres, and within 800 metres of rapid transit stops, with greenfield development making up the rest of the housing capacity required.

“The threat for the likes of my wife and I, and every other Parnell resident and every other Ponsonby and Mount Eden resident, is not that we will be inundated with 15-storey buildings. We’re not concerned about that because that’s not an issue. That will never happen,” Mayne said.

“What we’re concerned about is the theft of our property rights by a developer coming in, being enabled to and encouraged to build a 15-storey apartment building right on my boundary.

“That’s what’s getting people in Auckland, rightly very wound up.”

St Georges Bay Road in Parnell, Auckland. RNZ / Marika Khabazi

He said their proposal could deliver the 1.6 million capacity needed.

But Jon Reeves, of the Public Transport Users Association, welcomed the council’s decision.

He said the government had invested a lot in improving the city’s public transport network, including the City Rail Link, which was due to open later this year.

“It would make logical sense to increase housing and intensification around the public transport nodes. We obviously want more bums on seats to help pay for the investment,” Reeves said.

But he said there was a balance to strike.

“We don’t want to just demolish every heritage area to put up large apartment blocks. Places like Parnell, you have to weigh it up. Do we want to demolish what character is left there or not, and that’s a question that not only the council but residents should have a say about.”

Director of the transport advocacy website Greater Auckland, Matt Lowrie, also agreed with the mayor’s approach.

“It makes sense that the focus of intensification will be in the areas closest to the city centre, on good public transport routes, and in town centres. Those are the areas where there’s the highest amenity and the most attractiveness for development, and also the best transport links to the city centre, where a lot of people are working,” Lowrie said.

“There’s a whole lot of noise that’s gone on from people who have been successful in the past in forcing development out to the fringes in places like Flatbush, leading to people having long commutes because they’ve tried to prevent housing in their areas.

“What we’re seeing now is housing being put in the places where it should be put, which is close to the city.”

He believed people did not need to be fearful about suburbs being taken over by high-rises.

“Just because something is zoned for an apartment doesn’t mean that it’s going to be built.

“For example, we’re already seeing where zoning allows for five-and-six-storey apartments, two to three-storey townhouses are being built instead.

“That’s a key point that often people miss about this. It’s just allowing development, should people want to. But those locations close to train stations and busway stations are ideal for more homes.”

Final decisions about Auckland’s housing needs aren’t expected to be made until mid-2027.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/11/some-aucklanders-very-wound-up-over-housing-intensification-plans/

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KCM Trade Awarded “Best Forex Trading Platform 2026” by FX Daily Info

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 March 2026 – KCM Trade, a leading global CFD broker, has been honored with the “Best Forex Trading Platform 2026” award at the 2026 Industry Awards hosted by international financial media outlet FX Daily Info in March 2026, underscoring the Group’s brand strength and industry influence built over a decade of development.

Regulated by both the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission (FSC) of Mauritius, KCM Trade remains committed to compliance, operational integrity, and sustainable growth. This latest recognition further reinforces the Group’s accumulated expertise and expanding presence in the global market.

Driven by the Market, Recognised by Industry Authorities

FX Daily Info has long been dedicated to research and evaluation within the global forex industry. Its annual awards are widely respected for their transparency and fairness, carrying significant industry influence.

This year’s selection process engaged forex investors worldwide, with all awards determined through public voting. KCM Trade stood out with a significant lead of over a thousand votes ahead of the runner-up. This accomplishment not only signifies strong industry recognition of KCM Trade’s sustained commitment to technological advancement and continuous optimisation of the trading experience, but also reflects a clear endorsement from the market through an open and transparent voting mechanism. The result further consolidates KCM Trade’s leadership position in the global forex market.

KCM Trade has consistently upheld a client-centric service philosophy. Receiving the “Best Forex Trading Platform” award reflects global clients’ strong recognition of the Group’s trading execution efficiency, system stability, client service standards, and diversified product offering. It also serves as a driving force for the Group’s ongoing refinement and innovation.

A Decade of Excellence, Looking Ahead

As KCM Trade marks its tenth anniversary, this recognition as “Best Forex Trading Platform 2026” carries special significance. Looking ahead, the Group will continue to drive intelligent technological innovation, further enhancing trading experience and service quality, and remains committed to providing global clients with a more efficient, reliable and trusted trading environment.

https://www.linkedin.com/company/kcmtrade-global/
https://x.com/kcmtradenigeria?s=21
https://www.facebook.com/share/1Hg7xa9Js2/?mibextid=wwXIfr
https://www.instagram.com/kcm_trade_global?igsh=MTJ5Y2QydmJxY2Ziag==

Hashtag: #KCMTrade #Besttradingplatform #2026 #10years #globalbrokers

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/kcm-trade-awarded-best-forex-trading-platform-2026-by-fx-daily-info/

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Police investigating threat made towards Timaru school

Source: Radio New Zealand

123RF

Police say there is no information to suggest a threat made towards a Timaru school was credible.

Police were alerted to the message about 7.45pm on Tuesday.

“We will not detail the specifics of the threat, however, investigators are actively pursuing positive lines of enquiry to identify the person responsible for sending the message,” Aoraki Area Commander Inspector Vicki Walker said.

“Officers are providing reassurance patrols in the area, and we are working closely with the school as the investigation progresses.”

Police are unable to comment further.

Anyone with information is asked to contact the police.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/11/police-investigating-threat-made-towards-timaru-school/

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Preliminary report into Moa Point wastewater plant made private during Crown review

Source: Radio New Zealand

Lyall Bay beach and the rest of Wellington’s south coast has been off limits since the Moa Point treatment plant failed on 4 February. RNZ / Krystal Gibbens

A preliminary report into the Moa Point wastewater treatment plant has been handed to Wellington City Council officers, but will not be made public while the Crown review is taking place, Wellington Water says.

Wellington Water said the report it commissioned was handed to staff on Tuesday night.

The plant suffered huge damage in a failure in February, and since then millions of litres of raw sewage have been pumped into Cook Strait.

The government announced a Crown Review Team would investigate the failure under the Local Government Act 2002, in the weeks following the incident.

A rāhui was also put in place on the stretch of southern coast from Ōwhiro Bay to Breaker Bay, and was lifted a few weeks later.

The majority of wastewater is being screened and discharged through the long outfall pipe, but excess volumes of unscreened wastewater are going into the sea through the short outfall pipe.

Wellington Water said Moa Point can only pump between 1300 and 1500 litres per second through the long outfall – more than enough for average dry weather flows.

It said a preliminary assessment has been completed, and specialists are working through further assessments following a detailed physical inspection of the plant.

Wellington Water said final assessments are needed to figure out the repair timeframe, and assured the community all parties involved are acutely aware of the need to deliver this as quickly as possible, without jeopardising the quality and accuracy of the recovery.

Initial equipment has also been ordered to keep the plant operating in an interim state.

Wellington Water said not everything will be ordered to get the plant operational again until final assessments have been completed and repair options have been agreed with the council.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/11/preliminary-report-into-moa-point-wastewater-plant-made-private-during-crown-review/

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NZ contributes changes to Pacific fisheries

Source: New Zealand Government

New Zealand has secured orange roughy catch limits in the South Pacific for another two years at a Pacific regional fisheries meeting, Oceans and Fisheries Minister Shane Jones says.

The proposal brought to the South Pacific Regional Fisheries Management Organisation (SPRFMO) by New Zealand and Australia, was adopted without opposition from other member countries.

“The adoption of New Zealand’s proposal to retain current levels of orange roughy catch in this fishery until 2028 is a vote of confidence in our commitment to commercially viable and sustainable South Pacific fisheries,” Mr Jones says.

“This decision, combined with last year’s agreement at SPRFMO to increase carry forward of unused annual catch, supports jobs in New Zealand and our economy, and makes a real difference for our fishing industry.”

A further proposal by New Zealand to increase the bycatch threshold for coral and sponge before fishers are required to move on from the area was not supported.

“While I’m disappointed there was not agreement on this proposal, New Zealand will be making the same proposal next year. I look forward to continuing our efforts to ensure continued access to the South Pacific fishery.

“I reiterate that this proposal is based on the best available scientific information we have, and will ensure our commercial fishers in the South Pacific are not hampered by needlessly restrictive rules, while still preventing significant adverse effects on the marine ecosystem,” Mr Jones says.

New Zealand’s proposal to strengthen measures to protect seabirds in bottom longline and trawl fisheries was adopted at the meeting.

“Many of our taonga seabirds, including albatross and petrels, range across the Pacific. These measures are crucial for their protection. They align with international best practice, as well as the rules that apply for commercial fishers in New Zealand waters,” Mr Jones says.

New Zealand also made progress in the establishment of binding labour standards for crew on fishing vessels operated by member countries in the high seas of the South Pacific. The proposal from New Zealand and the United States recognises the unique work environment on board fishing vessels and the vulnerability of crew to exploitation.

“While no consensus was reached at this meeting, there was good progress on the text of the new rules which establish basic minimum conditions for crew on fishing vessels. “We will continue this important work with the aim of having these adopted in 2027 so fishing crews in the region are protected from exploitation and the same ethical standards apply to all fishers in the region.”

“I remain committed to ensuring New Zealand has access to commercially viable fisheries in the Pacific, and I will continue to advocate for fisheries management that strikes a balance between environmental protections and these economic benefits,” Mr Jones says.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/11/nz-contributes-changes-to-pacific-fisheries/

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Recap: White Ferns pull off series sweep against Zimbabwe

Source: Radio New Zealand

The White Ferns have pulled off another series sweep against Zimbabwe after winning the third and final One Day International in Dunedin by 200 runs.

After winning the toss and electing to bat first, the White Ferns set the visitors 304 to win thanks to a 94-run knock from Maddy Green and 80 runs from opener Amelia Kerr.

Kerr, the captain, then picked up five wickets.

Earlier, the White Ferns won the T20 series 3-0.

Read back on the action:

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/11/recap-white-ferns-pull-off-series-sweep-against-zimbabwe/

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One person dies from e-scooter crash injuries

Source: Radio New Zealand

File photo. 123RF

A person has died in hospital after crashing off an e-scooter in the town of Twizel late last month.

Police said the e-scooter crash happened on 28 February.

No other vehicle was involved in the incident.

Police said the person passed away in hospital yesterday from their injuries.

The death has been referred to the coroner.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/11/one-person-dies-from-e-scooter-crash-injuries/

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Media OutReach Newswire Appoints Kitty Lee as Managing Partner, Greater China to Spearhead Chinese Brand Expansion into Global Markets

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 March 2026 – Media OutReach Newswire, Asia Pacific’s first and only global newswire, has appointed Ms Kitty Lee as Managing Partner, Greater China. This is a newly created role designed to accelerate the company’s growth across GBA and Greater China.

Kitty brings over two decades of experience in the PR industry. Having used Media OutReach Newswire’s press release distribution service for several years, she was impressed by the company’s deep understanding of client needs and the quality of its deliverables. “I have seen the important role that Media OutReach Newswire has played in my work and its impact to my clients. I am inspired by the opportunity to contribute my knowledge, drive change, and foster innovation for the advancement and efficiency of the PR industry,” she said.

Through innovation and AI-driven workflow efficiency, Media OutReach Newswire is redefining press release distribution, enabling press releases to serve multi-functional roles. Media OutReach Newswire connects brands with journalists to maximise earned media and build media relationships worldwide. Where PR professionals once pitched stories to secure as many published key messages as possible, Media OutReach Newswire’s verbatim guaranteed online news postings on trusted media websites ensure 100% delivery. This solution helps companies strengthen brand reputation and build trust with customers and investors, while powering SEO and GEO for AI-driven search. Its pioneering multiformat post-release reports deliver data insights and PR Campaign Intelligence on coverage, public reach, and broader communications impact, for C-Suites reporting.

Ms Jennifer Kok, Founder and CEO of Media OutReach Newswire, said: “The growing demand for an authentic newswire partner has created a clear opportunity for us to expand in GBA and Greater China. Kitty brings exactly what we need: deep relationships across the region’s PR and marketing community, and a clear understanding of what brand communications must achieve. Her in-depth industry knowledge will guide our market expansion and product development as we help Chinese companies build their brand reputation across Southeast Asia, ASEAN, Asia Pacific, the USA, Canada, Latin America, UK & Europe, the Middle East, and Africa.”

Founded 17 years ago, Media OutReach Newswire is trusted by government agencies, corporations, and SMEs across Greater China to build their brand reputation globally. Clients that have entrusted their global communications campaigns to Media OutReach Newswire include the Information Services Department Hong Kong, China News Services, New Taipei City Government, Taiwan External Trade Development Council, Huawei, Alibaba, OPPO, Hong Kong Science and Technology Park, Hang Lung Properties, Lee Kum Kee, TVBS, Macau Tourism Board, Galaxy Entertainment Group, and fast-growing enterprises such as XTransfer, Ecovacs, Sleekflow, KPay and Innolux Corporation.

Kitty joins from FleishmanHillard, where she served as Senior Vice President & Partner, advising clients across retail, property, healthcare and travel & tourism sectors. She holds a Master’s degree in Education from the University of Nottingham and a Bachelor’s degree in Communications from Hong Kong Baptist University. A Cantonese native, she is fluent in English and Mandarin, and will be based in Hong Kong.

Hashtag: #MediaOutReachNewswire #pressrelease

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/03/11/media-outreach-newswire-appoints-kitty-lee-as-managing-partner-greater-china-to-spearhead-chinese-brand-expansion-into-global-markets/

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NZ-AU: Biotech health company SRW Laboratories signs Paula Bennett as brand ambassador

Source: GlobeNewswire (MIL-NZ-AU)

AUCKLAND, New Zealand, Sept. 15, 2021 (GLOBE NEWSWIRE) — Innovative biotechnology company SRW Laboratories has engaged former Deputy Prime Minister Paula Bennett as brand ambassador to promote the company’s leading-edge range of health supplements. SRW recently launched with a range of supplements formulated to target cellular function and support healthy aging.

Known for her wit, media savvy and stylish fashion sense, making New Zealand’s best dressed list in 2020, Paula Bennett is also known for overcoming significant health challenges. The combination of these factors makes her a perfect fit for SRW which aims to help people adopt a new approach to healthy aging. 

Bennett held 14 portfolios during her political career, rising to become Deputy Prime Minister. She has recently returned to public attention as host of the successful new TV show ‘Give Us a Clue’, hosting alongside comedian Tom Sainsbury and renowned journalist Hilary Barry.

During her time in government, Paula Bennett was best known for leading social welfare reforms as Minister of Social Development (MSD) in New Zealand. Bennett’s concerns surrounded the aging population and the increasing number of people on welfare. Her stance encouraged people to lead independent, healthy lives focusing on their wellbeing. After 15 years in her political career, Paula Bennett acknowledges the importance of a healthy lifestyle in helping to mitigate the issue of the aging population and national health.

Following her own quest to be healthier and more energetic, Bennett identifies with the goal of SRW to lengthen healthspan – the length in a person’s life that they are in good health. An active family and professional life give her great reason to maintain health and energy levels:

“I actually embrace aging and want to be around for longer, but I’m not an expert and I’m not a scientist, so like anyone else I started going to the experts and listening to them. And that’s what led me to SRW.”

Founder of SRW Laboratories, biotechnologist Greg Macpherson is excited about the relationship:

“We are thrilled to have Paula onboard. I greatly admire her personal and professional achievements and she ticks many boxes for SRW. We are a proud New Zealand business and looking expand globally, so we sought someone with international notability, style and intelligence, that reflects the energy we want our customers to aspire to.”

Read more: https://scienceresearchwellness.com/blogs/news/srw-laboratories-announces-paula-bennett-as-its-brand-ambassador

Media Contact:

Daniel Kim

+64272340130

danielkim@srw.co

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0ad7bda-e490-4cfe-8460-176215433694

 

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/11/nz-au-biotech-health-company-srw-laboratories-signs-paula-bennett-as-brand-ambassador/

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NZ-AU: SFIO closes $5-M series of global distribution partnerships for premium beverages and New Zealand Manuka honey

Source: GlobeNewswire (MIL-NZ-AU)

NEW YORK, Dec. 02, 2021 (GLOBE NEWSWIRE) — Global asset management company Starfleet Innotech, Inc. (OTC: SFIO-Smokefree Innotec, Inc.) entered into a partnership last month with food ingredients supplier Annapolis Co., Ltd., granting SFIO distribution rights over a suite of products under their premium beverage solutions brand LongBeach. This is the latest in a series of agreements the asset company has signed, following a similar arrangement with SFIO’s New Zealand-based subsidiary Gorgeous Coffee Co. Altogether, these partnerships are projected to launch SFIO towards their $100 million revenue target by the end of 2022.

With this latest partnership, Thailand’s leading premium ingredients supplier for beverages and bakeries, Annapolis Co., Ltd. will see its LongBeach brand premium purees, syrups, sauces, powders, and teas sold across SFIO’s sprawling food service network in Australia and New Zealand.

According to the latest data from Statista, despite the ongoing pandemic, Australia and New Zealand’s cafes, restaurants, and takeaway food services together present a roughly $36 billion market, which is expected to grow steadily over the next few years. Beginning January 2022, SFIO will be the sole distributor of LongBeach products across these two markets’ thriving food service industries. The company expects this deal alone to bring in up to $5 million in additional revenue for SFIO’s food and beverage division.

Earlier this year, SFIO established a global expansion roadmap for their fully-owned subsidiary Gorgeous Coffee Co. that would see New Zealand Manuka honey and a premium health brand of 5-in-1 Instant Coffee reaching US shelves as early as next year.

New Zealand’s Manuka honey, considered the best in the world, is a highly valued, energy-boosting superfood boasting a distinct earthy flavor and health benefits such as antioxidants, probiotics, and antibacterial support. The honey is graded according to a global potency scale called the Unique Manuka Factor, or UMF. Coming January 2022, SFIO will be distributing Manuka honey variants including UMF 5+, UMF 10+, UMF 15+, and UMF 20+.

Revenues from this arrangement are expected to reach $1 million by the end of 2022. Samples of the Manuka honey products have already been shipped to the United States and parts of the United Arab Emirates, with SFIO currently working on sending more to other countries across Asia.

Similarly, Gorgeous Coffee Co.’s 5-in-1 Instant Coffee will be exported across the United States, Australia, and Asia, including the United Arab Emirates. The product is a healthful mix of premium Arabica coffee, Manuka honey, barley grass, non-dairy MCT creamer, and Stevia. In addition to the benefits of Manuka honey, the instant coffee mix claims to aid in digestion, reduce inflammation, and boost immunity thanks to its barley components. Followers of the popular keto diet will also appreciate the instant coffee’s MCT creamer, an easy-to-digest alternative to traditional dairy.

The instant coffee product is expected to bring in at least $2 million in additional revenue for SFIO. Samples have already been sent to potential partners in the United States.

These partnerships play into the asset management company’s long-term ecosystem strategy, which prioritizes high-value synergies across its growing portfolio of companies. Leveraging the expanding footprint of its food and beverage businesses, including flagship franchise business Epiphany Cafe, these products will be rapidly stocking shelves across the globe as early as the first quarter of next year.

For media enquiries, please contact:
Craymond Yeong, PR & Marketing Specialist
Epiphany Café
Phone: (+64) 21 0833 2966
Email: info@sfio.co.nz

About Starfleet Innotech, Inc.
Starfleet Innotech, Inc. (OTC: SFIO-Smokefree Innotec, Inc.) is an asset management company focused on innovation through disruptive collaborations across its three key industries: Food and Beverage (F&B), Real Estate, and Technology. With a strong presence across New Zealand, Australia, and the Philippines, as well as a roadmap for further global expansion, SFIO makes strategic investments in high-growth businesses, building synergies across its diverse portfolio to provide maximum shareholder value. Guided by tradition, driven by innovation, and enabled by collaboration — SFIO is on a hyper-growth path to build a thriving business ecosystem, with plans to uplist onto a major stock exchange in the near future.

About Annapolis Co., Ltd.
Annapolis Company Limited and Food Gravity Company Limited (Annapolis Co., Ltd.) is Thailand’s leading premium ingredients supplier for beverages and bakeries. With two in-house brands, LongBeach Syrup and KAWAMI Premium Tea, their products can be found across major East and Southeast Asian markets.

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/11/nz-au-sfio-closes-5-m-series-of-global-distribution-partnerships-for-premium-beverages-and-new-zealand-manuka-honey/

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NZ-AU: Minim Martap Project Update

Source: GlobeNewswire (MIL-NZ-AU)

Highlights

  • Construction work ongoing on ore haulage access road, IRF and site access
  • Locomotives delivery remains on schedule in first quarter 2026
  • Mining contractor has visited site confirming mobilisation schedule with mine development to commence in first quarter 2026
  • Project development timeline remains unchanged
  • Project fully financed to Stage 1 production
  • Incumbent President Paul Biya has been officially re-elected as the President of Cameroon

PERTH, Australia, Nov. 06, 2025 (GLOBE NEWSWIRE) — Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to provide a project update for its Minim Martap bauxite project (‘Minim Martap’ or ‘the Project’) in Cameroon, following the confirmation of President Paul Biya’s re-election.

Despite reports of unrest in several Cameroon cities in the immediate aftermath of the election, Canyon has continued to progress its development of the Minim Martap project with minor delays to construction work in key areas.

Upgrades to the Minim Martap haulage road including access to the Daniel Plateau, access to the IRF and by-pass construction is ongoing and whilst some delays have been experienced, works remain on track for completion in Q1, 2026.

Locomotives ordered recently from CRRC Ziyan Co. Ltd1 are being built in China and are on schedule to be delivered to Canyon in the first quarter of next year. Similarly, the rail wagons delivery is also scheduled for Q1, 2026 in line with the forecast first shipment of bauxite ore in Q2, 2026.

The mining contractor appointed to the Minim Martap Project has visited the site and has confirmed it will be in position to commence mining operations in the Q1 2026.

Importantly, with first bauxite shipment scheduled for Q2, 2026, Minim Martap remains fully financed to Stage 1 production, by a combination of both debt and equity facilities. Funding comprises the previously announced ~US$140M facility from AFG Bank Cameroon2 and the recent A$35.6M equity raise3 in September 2025 which saw 56.5% shareholder, Eagle Eye Assets (“EEA”), also commit to exercising approximately 137 million options to raise an additional A$10M.

Tranche 2 of the equity raise, comprising a placement of A$100M to EEA and a A$70M placement to CEMAC investors being undertaken by Afriland Bourse & Investissement (“Afriland”), remains conditional on shareholder approval. In addition, the AfriLand tranche requires approval from the Banque des États de l’Afrique Centrale, the central bank for the Central African Economic and Monetary Community, the Commission de Surveillance du marché financier de l’Afrique Centrale, the market regulator for the Central African Economic and Monetary Community and the Government of Cameroon, which is still ongoing. The Annual General Meeting is to be held on the 25th of November 2025.

Commenting on project funding, EEA stated: “We look forward to maintaining our strong partnership with Canyon as it continues to advance key project milestones in the near term and to completing the next phase of A$100M of equity funding under Tranche 2.”

Canyon Chief Executive Officer Peter Secker commented: “Following the recent presidential election in Cameroon, work on the Company’s Minim Martap project has continued without any significant disruptions and we remain on schedule for the first bauxite shipment from Minim Martap to be completed in Q2 of next year.

Canyon is well funded following the recent capital raisings, which allowed us to secure commitment of key long lead items such as locomotives and wagons, which will be delivered on time in the first quarter of 2026. 

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


Forward looking statements
 This announcement contains “forward-looking statements” and “forward-looking information”, such as statements and forecasts which include (without limitation) financial forecasts, production targets, industry and trend projections, statements about the feasibility of the Project and its financial outcomes (including pursuant to the DFS), future strategies, results and outlook of Canyon and the opportunities available to Canyon. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “is expected”, “is expecting”, “budget”, ‘outlook”, “scheduled”, “target”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Such information is based on assumptions and judgments of Canyon regarding future events and results. Readers are cautioned that forward-looking statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, targets, performance or achievements of Canyon to be materially different from any future results, targets, performance or achievements expressed or implied by the forward-looking statements and information.

Forward-looking statements and information are not guarantees of future performance and involve known and unknown risks, uncertainties, sensitivities, contingencies, assumptions and other important factors, many of which are beyond the control of Canyon and its directors and management. Past performance is not a guide to future performance. Key risk factors (including as associated with the DFS) are detailed (non-exhaustively) in this announcement or in Canyon’s previous ASX announcements). These and other factors (such as risk factors that are currently unknown) could cause actual results, targets, performance or achievements anticipated (including in the DFS) to differ materially from those expressed in forward-looking statements and information.

Forward-looking statements and information (including Canyon’s belief that it has a reasonable basis to expect it will be able to fund the costs of the Project for its estimated life of mine) are (further to the above) based on the reasonable assumptions, estimates, analysis and opinions of Canyon made in light of its perception of trends, current conditions and expected developments, as well as other factors that Canyon believes to be relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although Canyon believes that the assumptions and expectations reflected in such forward-looking statements and information (including as described throughout this announcement) are reasonable, readers are cautioned that this is not exhaustive of all factors which may impact on the forward-looking statements and information. Canyon does not undertake to update any forward-looking statements or information, except in accordance with applicable securities laws.

Investors should note that there is no certainty that the Project will be feasible and there can be no assurance of whether it will be developed, constructed and commence operations, whether the DFS results will be accurate, whether production targets will be achieved or whether Canyon will be able to raise funding when it is required (nor any certainty as to the form such capital raising may take, such as equity, debt, hybrid and/or other capital raising). It is also possible that such funding may only be available on terms that dilute or otherwise affect the value of Canyon’s shares. It is also possible that Canyon could pursue other ‘value realisation’ strategies such as sale, partial sale, or joint venture of the Project. Risk factors which are set out (non-exhaustively) in this announcement, or in Canyon’s previous ASX announcements, highlight key factors identified by Canyon which may cause actual results to differ from the DFS or may otherwise have material detrimental impacts on Canyon and its business.  

Mineral Resources and Ore Reserves
This announcement contains estimates of the Mineral Resources and Ore Reserves estimated for the Project. This information in this announcement that relates to those Mineral Resources and Ore Reserves has been extracted from Canyon’s accompanying ASX announcement entitled “Definitive Feasibility Study Results and Reserves Upgrade Confirms Minim Martap as a Tier-One Bauxite Operation” dated 1 September 2025, a copy of which is available at www.asx.com.au. Canyon confirms that it is not aware of any new information or data that materially affects the information included in that announcement and, in relation to the estimates of Mineral Resources and Ore Reserves, confirms that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. The Competent Person for the Mineral Resources estimate in the announcement was Mr. Rodney Brown and the Competent Persons for the Ore Reserve estimate in the announcement was Mr. Donald Eld.

1 Refer to ASX announcement dated 26 June 2025
2 Refer to ASX announcement dated 26 May 2025
3 Refer to ASX announcement dated 25 September 2025

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/11/nz-au-minim-martap-project-update/

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Appeal for information: Fatal crash, SH5, Taupō

Source: New Zealand Police

Police are appealing for witnesses and information following a fatal crash on State Highway 5, Taupō, on Monday.

On Monday 9 March, around 2.10am, Police were called to the single vehicle crash where sadly one person was located deceased.

The Serious Crash Unit conducted a scene examination and enquiries into the circumstances of the crash remain on going.

Police would like to hear from anyone who may have witnessed the crash or the manner of driving of a Green Land Rover Discovery towing a trailer with two motorcycles.

Alternatively, if you have dashcam footage from the State Highway 5, Taupō, or surrounding areas, in the late hours of Sunday 8 March to the early hours of Monday morning, please get in touch.

Information can be provided through 105, either online or over the phone, referencing file number 260309/9199.

You can also provide information anonymously through Crime Stoppers on 0800 555 111.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/11/appeal-for-information-fatal-crash-sh5-taupo/

Posted on

Under-35s buying less vapes could be result of tighter regulations

Source: Radio New Zealand

Justin Lester, director of Dot Loves Data said this trend was likely a consequence of tightening restrictions around marketing and flavours. 123rf

Under-35s are spending less on vapes each year, according to an analysis of bank transactions by Dot Loves Data.

Eighteen to 24-year-olds spent $90 million on vape products throughout 2025, down from $105 million in 2024.

And among those aged 25 to 34 – historically the largest spending cohort – spend was down from $122m in 2024, to $113m in 2025.

Justin Lester, director of Dot Loves Data, said those numbers had been trending down since 2023 – and so far, were continuing to fall in 2026.

Dot Loves Data, based in Wellington, was bought by ANZ in 2022, giving it exclusive daily access to ANZ transactions on credit and eftpos cards, which made up 35 percent of transactions nationwide.

Overall, Lester said, vape spend was down, after peaking at $34 million a month in 2025. By this January, that figure had dropped to $32 million.

Annually, New Zealanders spent a total of $401 million on vaping products in 2025, compared with $417 million in 2024.

It was not possible to see what products people were buying based on the data, Lester said, and they didn’t collect data for under-18s.

Lester said this trend was likely a consequence of tightening restrictions around marketing and flavours.

The government had made a range of regulation changes in recent years, including a ban on disposable vapes and a restrictions for marketing and flavours.

However, it was a different story among older demographics. For age groups over 35, spending remained comparatively steady, even increasing in line with price increases.

In general, men spent more on vapes than women.

According to the 2024/25 New Zealand Health Survey, 11.7 percent of adults were daily vapers, with the highest rates found among those aged 18 to 34, Māori and Pacific people, and adults living in the most deprived neighbourhoods.

Jonathan Devery, chairperson of the Vaping Industry Association (VIANZ), said the figures were encouraging, and pointed to those restrictions targeting young people having an effect.

While data wasn’t available for under-18s, the ASH Year 10 Snapshot Survey of up to 30,000 students each year, showed regular vaping was on the decline.

Devery said those who didn’t experiment with vapes as teenagers were less likely to carry the habit into their twenties.

“Daily and experimental use amongst that age group has been on a steady decline for five years now, so I think you’re seeing a relationship between those under-18s not experimenting or using those products as they were five or so years ago, and those Kiwis falling into the new dataset no longer using those products.”

Devery said, according to retailers, the disposable ban had had the largest impact on sales.

He said research had shown the older generation tended to be the ones who had replaced a smoking habit with vaping, and were not such big users of the disposable, fun-flavoured alternatives.

ANZ data far higher than government estimate

The ANZ number was far higher than the Ministry of Health’s estimated total sales for “notifiable products” (vaping, smokeless tobacco, and herbal smoking products).

In 2024, the most recent year available, it was “at least $280 million”, compared to ANZ’s $401 million. The ministry noted its estimate was based on specialist vape retailers reporting their sales data, and was incomplete.

Data for 2025 was not available for comparison.

Devery explained those estimates relied on retailers and distributors accurately reporting their sales, but that wasn’t always happening, and a better, clearer platform for reporting data might help.

“Retailers, distributors, suppliers are all doing their best with the education and platform that they have available to them.”

A Ministry of Health spokesperson said it continued to work with industry to improve the usability and reliability of the annual returns system.

As the law left a relatively short window in which to submit annual returns, it had taken “a pragmatic approach” to ensure industry participants had enough time to submit complete and accurate information by allowing late or corrected submissions.

“This helps ensure that any information released publicly reflects the most accurate picture of the market,” it said.

But Letitia Harding, chief executive of the Asthma Foundation, said there needed to be harsher consequences for retailers for poor reporting. “It’s got to have enforcement, and that’s definitely been lacking,” she said.

The ministry said for the past year its compliance focus had been on retail practices that presented the greatest potential public health risk, like sales to minors, visibility and advertising restrictions.

“Annual returns reporting remains important for regulatory oversight; however, it has not been an area where limited compliance resources have been heavily directed.”

The ministry said it was unable to comment on the reported discrepancy between its number, and ANZ’s, “as we do not have visibility of how ANZ has collected or calculated its information, including what market segments or assumptions may have been included”.

Regulations may be having an effect, but there’s more still to do: Asthma Foundation

Harding said while there was no doubt regulations were having an impact, she was still concerned by other studies which showed 18 to 24 year-olds maintained a high rate of daily vaping. “They’re the ones we’re concerned don’t have the support to quit vaping.”

She was also cautious the data didn’t show what products people were buying, and how many. “It would be interesting to see what’s going out.”

Box mods, or non-disposables – typically favoured by older generations – tended to be more expensive. But you only needed to buy it once, and then the only ongoing expense was vape juice.

The data on locality, however, was well supported by existing evidence, she said, and it was concerning to see vape spend highest in areas of high socioeconomic deprivation.

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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://livenews.co.nz/2026/03/11/under-35s-buying-less-vapes-could-be-result-of-tighter-regulations/