Category: Business

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‘No need to panic’, fuel supplier says as average petrol price surges past $3

Source: Radio New Zealand

Finance Minister Nicola Willis. Nick Monro

Drivers are being urged not to panic-buy fuel as motorists worry about rising prices.

Meanwhile, Finance Minister Nicola Willis stands by her government’s decision to stop the electric car rebate scheme, as she looks at how the government could respond to rising prices.

Petrol stations across the country are seeing a surge of drivers filling up as petrol prices rise.

Petrol price monitoring app Gaspy says the average price of 91 petrol is now above $3 and has risen 20 percent since the start of the month.

Spokesperson Mike Newton said the average national price at the start of March was about $2.50 per litre.

He said it had been rising quickly.

Petrol has tipped over the $3 a litre mark in some areas. RNZ / Dan Cook

The rise in prices was largely due to the conflict in the Middle East.

US President Donald Trump is calling for countries to send ships to secure the Strait of Hormuz, which is effectively closed as Iran launches attacks to halt maritime traffic.

The area is critical because around 20 percent of the world’s oil consumption or 20 million barrels a day, usually passes through it.

It’s resulted in several petrol stations running dry over the weekend.

Newton said most of the petrol stations running low on gas seemed to be Gull.

“It’s not a supply problem, they have plenty of fuel in the tanks. It’s just they have to get it into the tankers and get it to the stations. Hopefully we’ll start to see that be alleviated in the next couple of days.”

He said the average price was now just 6c away from the level it reached when the Government cut the fuel excise tax, after the Russian invasion of Ukraine.

“We’re starting to get into that territory and this government has said they’re less interested in doing that… so it’ll be interesting to see when the pressure starts to build.”

Finance Minister Nicola Willis told Morning Report the government was carefully monitoring fuel stock levels.

New Zealand has around 32 days’ worth of fuel in the country and 25 days in ships on the way to the country.

“There is no current issue with the availability of fuel,” Willis said. “Were that to be the case, we would get very good forewarning because we would be aware of fuel companies reporting to us that orders had been disrupted or cancelled. They have not made any reports of that sort to us at this stage.

If we got that warning, Willis said we would have several weeks to plan for it.

“This is why we have these minimum stock holdings in the country, so we don’t get ourselves into a panic situation.”

She said the government hasn’t needed to review its sanctions on Russian-origin oil.

“This is, obviously, an event that is unfolding; if there are changes in that position, we will review them when they occur.”

Demand at Waitomo petrol stations has increased by 15 percent. RNZ/Nikki Mandow

Waitomo CEO Simon Parham said demand at the company’s petrol station has increased by about 15 percent.

“We’ve had the odd run out from here and there, but it’s really been for a maximum of 30 minutes,” he told Morning Report.

“What we are seeing is that increase in demand, coupled with a very stressed driver system, anything from a delay at the terminal to a truck breaking down, it’s just caused that slight delay in he system, so you have a slight run out.

“There’s nothing to worry about.”

He expects to see the demand soften.

“We’re still in good shape… There’s no need to panic. Yes, we are suffering from high prices, which is tough on everyone, but there is no need to panic at the moment.”

He said if the cargo orders can’t be placed, that’s when New Zealand may need to look at managing stock.

“If we are staying around that 50-day mark, that’s a rolling 50 days, then we’re fine. If we start to see that drop back, then that’s when we have to manage stock,” Parham said.

Westpac chief economist Kelly Eckhold said next month will be very difficult if things don’t improve.

“The refiners in Asia are going to run out of feed stocks to be able to continue to produce at the levels we are used to,” he said.

“I think if we are sitting here in mid-April and things haven’t improved, I think we will be looking at the possibility that everybody is just going to have to rein things in a bit.”

Brent crude has been sitting around US$100 a barrel, but if it reaches US$150 a barrel, Eckhold said that’s when the real damaging impacts on businesses and consumers would be seen.

Finance Minister considering govt response to rising prices

Willis has shut down suggestions of temporarily cutting the fuel excise tax, as the Labour government previously did in response to the Russia-Ukraine war, saying it was too broad.

She said she was closely looking at the cost of living impacts the rise in fuel prices has on lower-income working New Zealanders.

Finance Minister Nicola Willis said the government was carefully monitoring fuel stock levels. RNZ / Samuel Rillstone

“When the petrol prices go up this much, that has an effect on the cost of living, particularly for working New Zealanders who use their cars to get to work. We are very conscious of that and are considering whether a government response is warranted,” Willis said.

Willis stands by her government’s decision to remove the electric vehicle rebate.

She said the rebate was very untargetted.

“I simply don’t accept the idea that giving subsudies to millionaires in Remuera would help those afflicted by high petrol prices,” Willis said.

She said if the government were to give support, it would be targeted, temporary and timely.

Willis said she has not taken advice to Cabinet yet on these matters.

The owner of a bus company said more people could opt for public transport over private vehicles.

Kiwi Coaches owner Dayton Howie told Morning Report petrol price rises were cutting into margins.

He said the costs were currently being absorbed, but it was unclear how long that could last.

Howie said students could miss out on school trips if fuel prices keep going up.

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LiveNews: https://livenews.co.nz/2026/03/16/no-need-to-panic-fuel-supplier-says-as-average-petrol-price-surges-past-3/

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Shoppers warned to brace for higher grocery prices

Source: Radio New Zealand

New Infometric’s data shows supplier costs rose 2.3 percent in February compared with a year ago. 123rf

Shoppers are being told to brace themselves for higher prices at the checkout as the conflict in the Middle East drives up the cost of freight and fuel.

New Infometric’s data shows supplier costs rose 2.3 percent in February compared with a year ago.

Chief executive and principal economist Brad Olsen told Morning Report the increase was an average, with some household staples – such as bread and chocolate – rising more sharply than other commodities.

He said the data didn’t yet reflect the impact of the war in Iran – but expected the effect of it to flow through to food prices within the next three months.

Olsen said the transport industry was responding to rising fuel prices and operators were adjusting their rates accordingly.

He said that would have an impact on supermarkets.

“In terms of the broader supermarket sector in New Zealand, 10 percent of non-wage input costs come directly from transport, so it’s a fairly big line item that starts to hit there.”

Olsen expected other producers to weigh up whether or not to increase prices now – juggling preserving margins and maintaining sales numbers.

“I think there will be a little bit of caution in some areas around pushing prices on,” Olsen said.

“For the likes of transport costs specifically, we’ve had a look and margins do look a lot thinner now over the last couple of years, so we do expect a more immediate pass-through.”

He said businesses were likely to respond differently to the uncertainty around how long the war would last.

“Businesses are also thinking… ‘Do I wait it out? Might things stabilise and calm down within the next week or so?’ … Reality suggests that that’s probably further away.

“They are probably wondering how much do they… take on themselves in the short term and then potentially have to raise prices, or again do they try and push things through because they’re under a lot of pressure.”

Olsen expected supplier costs to increase further and would hit some items harder than others.

“It’s more likely that it will come through on specific items that do take more to transport or do take more fuel into account in their production process.

“It will be uneven, but we’re certainly not expecting to see double-digit increase, but the pressure would be on.”

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LiveNews: https://nz.mil-osi.com/2026/03/16/shoppers-warned-to-brace-for-higher-grocery-prices/

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New gift card rules a headache for small businesses – Retail NZ

Source: Radio New Zealand

Gift cards commonly expire after 12 months, leaving shoppers out of pocket. Andrey Popov / 123RF

Retailers want changes to new gift card expiry rules, saying certain aspects will cause compliance headaches and put debt pressure on businesses.

From Monday, all gift cards sold or given out with a purchase will need to have a minimum expiry date of three years.

Chief executive Retail New Zealand, Carolyn Young, says small businesses will have to have much higher liabilities on their balance sheets, for longer.

“Currently, businesses that run those sorts of promotions generally have a 60-day to 90-day expiry on those cards, so it’s quite a shift.”

Young said on the whole retailers supported the legislation, but they would like changes to make the rules more streamlined.

“Currently, businesses that run those sorts of promotions generally have a 60-day to 90-day expiry on those cards, so it’s quite a shift. “

The new rules aim to make things fairer for consumers and bring New Zealand closer to Australia’s laws.

Retail New Zealand chief executive Carolyn Young. Supplied

Commerce Commission principal compliance advisor Grant McIntosh told Morning Report on Monday it was a “big step forward for consumers”.

“It’s a really broad definition under the new rules and it includes a lot of different gift cards – from those really typical examples that you might get in clothing stores or electronics outlets, to things like prepaid cards that you can use in multiple different stores.”

Prepaid top-up cards for telecommunication services, public transport, electricity, gas, or water services have been excluded. Any other prepaid top-up cards have to adhere to the new minimum expiry. Loyalty points are not affected, and gift cards given out free would be exempt.

“These are all exemptions that were put into the legislation. This was a member’s bill that went through the process around 18 months ago,” McIntosh explained. “The rationale… was all discussed at the time. It wasn’t a decision that [the Commerce Commission] made individually.”

The bill passed its third reading with all parties but ACT voting in favour.

The commission has for years put out regular reminders, particularly around big shopping events like Christmas, that gift cards often had expiry dates sooner than their owners might realise.

Old gift cards sold before 16 March, 2026, will still expire on their original dates. But any sold from then onwards – regardless of what date is written on them – will have to abide by the new rules.

“The really good news for consumers is that even if the gift card is purchased today onwards and doesn’t have that three-year expiry date stated on it like it should, the law is very clear that they are entitled to that three-year period. So first and foremost, they can still use that gift card.”

Anyone with concerns was able to contact the commission, he said.

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‘No need to panic’, fuel supplier says

Source: Radio New Zealand

Petrol has tipped over the $3 a litre mark in some areas. RNZ / Dan Cook

The CEO of one of New Zealand’s largest independent fuel suppliers says there is no need for people to panic-buy fuel as motorists worry about rising prices.

Petrol stations across the country are seeing a surge of drivers filling up as petrol prices rise.

Petrol (91) has tipped over the $3 a litre mark in some areas because of the conflict in the Middle East.

US President Donald Trump is calling for countries to send ships to secure the Strait of Hormuz, which is effectively closed as Iran launches attacks to halt maritime traffic.

The area is critical because around 20 percent of the world’s oil consumption or 20 million barrels a day, usually passes through it.

It’s resulted in several petrol stations running dry over the weekend.

Waitomo CEO Simon Parham said demand at the company’s petrol station has increased by about 15 percent.

“We’ve had the odd run out from here and there, but it’s really been for a maximum of 30 minutes,” he told Morning Report.

“What we are seeing is that increase in demand, coupled with a very stressed driver system, anything from a delay at the terminal to a truck breaking down, it’s just caused that slight delay in he system, so you have a slight run out.

“There’s nothing to worry about.”

He expects to see the demand soften.

“In saying that, $20 doesn’t buy you what $20 did two weeks ago at the pump.”

Parham said New Zealand has 50 days’ worth of fuel and is optimistic this can be managed.

“We’re still in good shape… There’s no need to panic. Yes, we are suffering from high prices, which is tough on everyone, but there is no need to panic at the moment.”

He said if the cargo orders can’t be placed, that’s when New Zealand may need to look at managing stock.

“If we are staying around that 50-day mark, that’s a rolling 50 days, then we’re fine. If we start to see that drop back, then that’s when we have to manage stock,” Parham said.

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Just 21 of tens of thousands of benefit sanctions have been non-financial

Source: Radio New Zealand

The government introduced a traffic light system in 2024 and expanded it last year. RNZ / Quin Tauetau

Just 21 people have received non-financial benefit sanctions since the new traffic light scheme took effect.

That is despite the government at the time describing them as a “very fair and reasonable” way for people to receive their full benefits even when they had not been meeting their obligations.

The government introduced a traffic light system in 2024 and expanded it last year, adding non-financial sanctions for beneficiaries who fell foul of the rules.

If beneficiaries do not meet their obligations without good reason, they are moved to “orange” in the system. If they do not then get back on track within five days, they are shifted to “red”, at which point their benefit can be stopped or reduced, or they can face non-financial sanctions.

Non-financial sanctions include such things as going on a course, keeping a record of job searches, having some of their benefit put on a payment card or being sent on community work experience.

At least ten thousand sanctions have been imposed in each quarter since the rule change was introduced.

But between 1 May 2025 and 31 January this year, just 21 non-financial were imposed.

Nine were people told to go on community work experience. Three people had some of their benefit put on a money management card to limit how it could be used, six were subject to job search sanctions and three were required to upskill.

“From the get-go we knew this would be unworkable because frontline organisations know that these benefit sanctions don’t actually help people to find employment,” said Green Party spokesperson Ricardo Menendez March.

“What is worse, we know that the government has continued to put financial sanctions for tens of thousands of people each year when they’ve only been able to find 20 people to apply non-financial sanctions, which at least do not strip people of their full benefit.”

He said part of the problem was that some of the non-financial sanctions required people to take beneficiaries “basically under duress” for things like community work experience.

“Money management also requires people to be able to afford their basic expenses, such as rent. And when 50 percent of your income is put into a green card under the money management sanction, most beneficiaries won’t actually be able to make ends meet due to the policy, making the policy effectively unworkable.

“All of this shows that the minister is more interested in punishing beneficiaries and actually finding solutions that help people into employment and create jobs. This process took months, millions of dollars’ worth of money for IT changes, and it’s resulted in effectively the status quo continuing as opposed to seeing any significant changes.”

In a statement, Social Development Minister Louise Upston’s office said non-financial sanctions were an alternative and ensured there was accountability in the system for people who did not meet their obligations, “while also recognising that reducing a benefit is not the answer for everyone”.

It said Ministry of Social Development staff could apply them in specific circumstances such as when someone had dependent children, when it was their first obligation failure or when they had attended an appointment with a case manager within five working days of their obligation failure.

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LiveNews: https://nz.mil-osi.com/2026/03/16/just-21-of-tens-of-thousands-of-benefit-sanctions-have-been-non-financial/

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Law change could let IRD change its interest rates more quickly

Source: Radio New Zealand

MONDAY

The proposed change would allow the commissioner of Inland Revenue to set the rate. RNZ

The government is making changes that could mean Inland Revenue is able to change its use-of-money interest rates more quickly.

The change is included in the Taxation (Annual Rates for 2025-26, Compliance Simplification, and Remedial Measures) Bill.

Use of money interest applies to overdue and underpaid tax. Since mid-January the debit rate has been 8.97 percent and the credit rate, for people who overpay tax, has been 2.25 percent.

The debit rate peaked at 10.91 percent in 2023.

At the moment the rate is set by an order in council, a process that can take up to eight weeks.

The proposed change would allow the commissioner of Inland Revenue to set the rate, based on Reserve Bank data on average floating mortgage rates, plus 2.5 percent.

Deloitte tax partner Robyn Walker said the rate for underpayment had to be set at a level that made Inland Revenue “the bank of last resort” and as unappealing to owe money to as possible.

“That said, the increasing levels of tax debt is indicating that strategy may not be effective anymore.”

Tax Traders co-founder Josh Taylor said the planned change would be a positive step.

“The current system probably takes in practice about a four-month delay for a rate reset to move through the system.

“And you can appreciate in the current world environment we’re in, where things are quite dynamic, things can change quite quickly in four months. So the rate can almost be out of date by the time it’s changed.”

He said, when there was downward pressure on rates, and Inland Revenue was slow to move, taxpayers were exposed for longer to higher charges.

“So it’s just helping to align those incentives more closely with what’s happening in the market.

“Conversely, when rates are moving upwards, it may mean that Inland Revenue is a bit slow to increase their rates.

“The bad part of that is that from a tax-based perspective, not paying your tax to IRD starts to look a little cheaper for a while, and that’s also not good. It’s also not good for the country if there’s a bit of an incentive for people to not pay their tax because not paying your tax looks like a cheaper option.”

He said tax pooling, such as offered by Tax Traders, gave people a way to avoid the Inland Revenue debit rate.

“Most people that actually underpay their tax aren’t exposed to that 8.97 percent rate because the tax pooling industry is able to provide lower cost options for people.”

Walker agreed tax pooling was a way to avoid the rates.

“Tax Pooling is a NZ-unique and innovative process whereby tax pooling intermediaries are able to essentially form a market place for taxpayers who have underpaid or overpaid their tax to buy and sell tax payments. The intermediary ensures that both parties pay or receive a fairer rate of interest. In the interim, the tax is paid over to Inland Revenue, but it sits in a pool.”

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2026 Changan Global Testing Season Hits Mexico with Four New Models

Source: Media Outreach

  • Four new Changan models debuted in Mexico: CHANGAN Alsvin PLUS, CS35 MAX, new CS55 PLUS, and CS75 PLUS.
  • With responsive powertrains, intelligent safety and spacious interiors, the four models delivered proven performance and comfort.

MEXICO CITY, MEXICO – Media OutReach Newswire – 15 March 2026 – Changan has launched four all-new upgraded models in Mexico—the CHANGAN ALSVIN PLUS sedan and three SUVs: the CS35 MAX, CS55 PLUS, and CS75 PLUS—responding to growing market demand for vehicles that integrate technology and efficiency.

Following the launch, more than 150 dealers, investors, and media had a 287-km test drive across Yucatán Peninsula as part of the 2026 Changan Global Testing Season. The route, from Cancún to Playa del Carmen via Chiquilá and Holbox, spanned highways, coastal roads, and rural paths, where stability, intelligence, safety, and long-distance comfort were proven.

Performance Meets Comfort: New Models for Every Journey

Powered by the BlueCore 3.0 engine and 7-speed DCT, the new CHANGAN CS55 PLUS delivered responsive performance across the route. Its Ark Cage body structure combined with 12 intelligent safety features, including IACC, LCC, FCW, and AEB, and 540° camera assist, provided reassuring protection on the rugged and windy jungle roads and coastal highways.

The ADAS system was also integrated into the CS75 PLUS to reduce driver fatigue, while the 37-inch triple-screen display provided easy access to navigation and entertainment. The ventilated front seats ensured comfort in temperatures exceeding 30°C, and the zero-gravity passenger seat enhanced relaxation with a massage function during extended drives.

All four models feature multi-screen smart cockpits with wireless CarPlay/Android Auto, voice control, OTA updates, and remote app control. Spacious interiors and the BlueCore 3.0 powertrain system also extend to the Alsvin PLUS and CS35 MAX, delivering a blend of performance and comfort.

Growth in Action: Changan’s Local Commitment to Mexico

In 2025, Changan achieved over 56% sales growth in Latin America, with Mexico growing 184%. In terms of local operations, a new 8,000+ m² parts warehouse, operational in early 2026, will further enhance service capacity and parts supply. Mexico has become increasingly central to Changan’s global footprint.

This commitment was on full display in Yucatán. The route captured the country’s iconic landscapes while reflecting real-world driving conditions: unpredictable weather and varied terrain. Changan’s expanded portfolio reaffirms its dedication to delivering products that combine global innovation with local needs.

Hashtag: #Changan

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/2026/03/15/2026-changan-global-testing-season-hits-mexico-with-four-new-models/

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‘AI illiterate’: NZ at risk of being left behind as data centre plans move forward

Source: Radio New Zealand

Artist’s impression of how the data centre is to look. Datagrid / supplied

A new $3.5 billion data centre that will be built near Invercargill is being touted as the country’s first “artificial intelligence factory”, but a tech expert says New Zealand is currently “AI illiterate” and without urgent action, the country’s economic growth is at stake.

Datagrid New Zealand has received resource consent for the 78,000 square-metre data centre, which will be built in Makarewa, north of Invercargill. The company was founded by Rémi Galasso and Malcolm Dick in 2021.

“This approval is the result of years of dedication and collaboration, and we are excited about the transformative impact this project will have on Southland and New Zealand as a whole,” Galasso said.

The centre will have a dedicated substation and consume 280 megawatts of power, making it the country’s second-biggest electricity user after the Tiwai Point aluminium smelter, consuming around 6 percent of New Zealand’s total annual electricity demand.

Energy-hungry data centres are a boom industry in New Zealand, with international companies keen to reduce their climate impact by using the county’s renewable electricity.

Technology expert Mark Laurence said the term “AI factory” was coined by Jensen Huang, the chief executive of American technology company NVIDIA. It describes a data centre that was built to serve AI technology, through training and inference.

AI training involved teaching a model by feeding it datasets to learn patterns, while AI inference was the application of that knowledge.

“Take ChatGPT, for example – whenever OpenAI decides to train their next version of ChatGPT, they essentially take mountains of data, give it all to their algorithms, throw it all into a data centre and that data is processed for months and months by the AI algorithm to create the next version of ChatGPT,” Laurence said.

“Every time we use one of these AI tools, like ChatGPT or Copilot, every time we type in something and press enter, that is called inference,” he said.

ChatGPT sparked the recent artificial intelligence hype on its release in 2022. Koen van Weel / ANP MAG / ANP via AFP

Laurence runs Ten Past Tomorrow, a strategic advisory and AI training company with the aim of increasing AI literacy and capability in New Zealand.

He said demand for training and inference was increasing as more people used AI tools, with New Zealand well-positioned geographically and climatically to host data centres to do that work.

“Data centres use a lot of water and because the massive computers inside them generate so much heat, they need to be cooled down as well,” he said.

“In Invercargill, the average annual temperature is around 10C, which means they can simply cool those centres with the outside air.”

The Invercargill facility is not the first large scale data centre in New Zealand. Microsoft opened a data centre in Auckland in 2024, while Amazon Web Services (AWS) spent $7.5b building a cluster of data centres in the city.

He said to illustrate what the AI factory was capable of, once complete it would have the capacity to process around 960 million ChatGPT conversations per day, which was between 5 to 10 percent of the conversations processed by the AI chatbot globally each day.

Who benefits from the data created in these centres?

Laurence said Microsoft and AWS (Amazon) were supplying output from their centres to New Zealand organisations and the public service, but output from the Datagrid centre would instead be piped offshore through a subsea cable to serve overseas markets.

Datagrid has not said who its customers will be, or how the information its centre produces will be used.

Laurence said he wanted to see a government commitment that New Zealand was able to use and benefit from the technology that centres like the Datagrid’s AI factory were powering.

Laurence said the country was at risk of becoming “AI illiterate”, and statistics showed New Zealanders were not being trained at the rate or the capability that most developed nations around the world were in terms of being able to use AI tools, which meant the country was falling behind in its ability to keep pace with the international market.

“We’re still a nation that’s using AI to change the tone of an email and summarise long documents, while the rest of the world is pulling ahead in terms of redesigning whole workflows and injecting agentic AI at the full edge of its capability.

“It’s exciting to have the infrastructure being built, particularly when it contributes to our economy but what needs to go hand-in-hand with that is national capability training programs so that we can actually harness the outputs of this infrastructure and use it to the benefit of our people, our companies, our organisations, and ultimately our economy.”

A project years in the making

Southland Business Chamber CEO Sheree Casey said the new data centre provided an opportunity for the region to broaden its economic horizons.

“Once operational, Datagrid estimates it could generate hundreds of millions annually in data service exports and add approximately $60 million to GDP each year.”

The construction phase alone was expected to create more than 1200 skilled jobs and inject around $4b into the economy.

She said Southland had a strong foundation in traditional industries, and adding a “weightless export” sector, where the region delivers digital services globally-could be a natural complement.

The proposed Tasman Ring Network. Datagrid / supplied

Transpower said it was confident the national grid could meet the energy needs of the new data centre.

Executive general manager of grid development Matt Webb said while the centre required a big load, there was a lot of new electricity generation emerging and Transpower was responsible for facilitating a balance between the two.

He said the national grid operator had been in serious discussions with Datagrid for a year or more and a formal connection application process was now underway.

Webb said there were a number of significant Southland wind projects going through the consenting process, along with solar projects.

Transpower expected 1300MW of new projects (generation and battery storage systems) to be commissioned in 2026, increasing capacity by around 13 percent.

Webb said having a confirmed electricity load of that size gave investors confidence in renewable energy investments.

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Gull stations run out of fuel as petrol hits the $3 a litre mark

Source: Radio New Zealand

Signage at a Gull station in Auckland. RNZ/Pretoria Gordon

Several Gull petrol stations have run dry for the second time in three days, as motorists worry about rising prices and supplies.

Petrol (91) has tipped over the $3 a litre mark in some areas because of the conflict in the Middle East.

US President Donald Trump is calling for countries to send ships to secure the Strait of Hormuz, which is effectively closed as Iran launches attacks to halt maritime traffic.

The area is critical because around 20 percent of the world’s oil consumption or 20 million barrels a day, usually pass through it.

Gull has 113 petrol stations, mostly in the North Island and said they were very busy on Sunday.

RNZ / Pretoria Gordon

Locals said the self-serve Gull petrol station at Rosebank roundabout in West Auckland ran out of fuel on Saturday night and the Gull at Rosebank East has a sign up saying “no fuel”.

Meanwhile, the Tasman petrol station in Epsom was offering unleaded petrol at $2.72 on Saturday and had a sign on the pumps saying “no petrol containers”.

Locals and store workers

Lloyd McInnes goes to the self-serve Gull petrol station on the Rosebank Road roundabout every week and was surprised to see a message saying the pump was unavailable.

“Today’s the very first time ever that they’ve said they don’t have any for me. I expected a price increase, but I did not expect to not be able to buy any.

“Apparently this is throughout Gull’s in West Auckland … they seem to be the one with the most issues, so now I’m going to head to another brand to get some petrol.”

Meanwhile the Coffee and Convenience store, not managed by Gull, put up signage itself as the worker inside (who did not wish to be named) told RNZ the team had copped a lot of abuse as a result.

He said he wasn’t sure when the fuel had run out.

The Tasman petrol station in Epsom, which was offering unleaded petrol at $2.72 on Saturday, also had a sign on the pumps saying “no petrol containers”.

The Ministry of Business, Innovation and Enterprise’s most recent assessment of New Zealand’s current fuel stock level was published on its website a week ago and said at that point, New Zealand has 52 days cover of petrol, diesel and jet fuel.

Gull’s spokesperson says there is still plenty of fuel for everyone in Auckland the rest of the country. RNZ/Pretoria Gordon

Gull responds

In response, Gull told RNZ customers continued to “flock to our stations in search of fair fuel prices”.

It said the high demand was running some of their network to run dry.

“Some of our logistics providers are struggling to meet the current 15 percent plus increase in demand.

“Gull has good levels of fuel at its terminal and is working as fast as practical with our logistics’ providers to get fuel to our sites to meet Gull’s customers increased demand,” a spokesperson said.

The fuel company said there was still plenty of fuel for everyone in Auckland the rest of the country.

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

LiveNews: https://nz.mil-osi.com/2026/03/15/gull-stations-run-out-of-fuel-as-petrol-hits-the-3-a-litre-mark/

Posted on

Petrol costs bite for travelling care workers

Source: Radio New Zealand

The subsidy they get to help pay for fuel has not changed since 2022. 123rf

Laura, a home support worker in Nelson, says it’s getting increasingly difficult to do her job.

She travels between clients she provides care for, in her own vehicle, using petrol she has paid for.

She said, although she’s on the second-highest pay band for her role, she’s still not paid the living wage, which is currently $28.95 an hour.

All that means that covering the increasing cost of petrol is getting increasingly difficult, as the price pushes ever higher.

But the subsidy she gets to help pay for fuel has not changed since 2022.

She is paid $2.35 for travel between clients, based on a calculation that a typical support worker travels 3.7 kilometres between clients. That works out at 63.5c per kilometre, compared to an Inland Revenue mileage rate for petrol cars of $1.17 per kilometre.

The same $2.35 rate is paid for travel up to 15km, after which it is paid at a rate of 64c.

“I’ve got a 2003 Mitsubishi Lancer, it’s currently got 258,000 kilometres on it,” Laura said.

It needed repairs and maintenance, she said, but she could not afford it and was also not able to purchase a new vehicle.

She said she had started to try not to look at what she was spending on petrol.

“I managed to pick up a little second-hand moped and I’m trying to do as much as possible on that and just praying that it doesn’t rain.”

She said there were some more rural areas where no one wanted to work because there could be 11km from one client to the next, then 14km to another.

“You end up just paying to be able to work those days.”

Public Service Association national secretary Fleur Fitzsimons said it was something that deserved more attention.

“We need to see direct intervention for home support workers. They are among our lowest-paid workers. They use their own car and the government subsidy for their petrol hasn’t increased in four years,” Fitzsimons said.

“They are bearing the brunt of the fuel crisis. They’ve had their pay equity claim cancelled and they’re being forced into poverty because of these actions. We’re calling on the government to show leadership for these workers.”

Deborah Woodley, acting director for funding, community and mental health at Health New Zealand, said the care workers were employed by third-party providers.

“We are currently looking at 2026/27 funding for third-party providers. As part of this work, we consider cost pressures for providers and their workforce and this includes fuel costs.”

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

LiveNews: https://nz.mil-osi.com/2026/03/15/petrol-costs-bite-for-travelling-care-workers/

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The CHANGAN DEEPAL S05 Arrives in the UK—Engineered Globally, Tuned Locally

Source: Media Outreach

  • Long range, premium comfort, and five-star safety—the CHANGAN DEEPAL S05 delivers a high-tech electric driving experience.
  • Cutting-edge EV technology that brings together global design, engineering, and manufacturing.

BIRMINGHAM, UK – Media OutReach Newswire – 14 March 2026 – Changan UK has launched the all-electric CHANGAN DEEPAL S05, a compact C-SUV blending premium design, intelligent technology, and everyday practicality.

“The CHANGAN DEEPAL S05 is designed for people who want an electric SUV that fits effortlessly into everyday life,” Nic Thomas, Managing Director of Changan UK, said, “It delivers reassuring performance, thoughtful comfort, and technology that simply works—all without the premium price tag. “

The CHANGAN DEEPAL S05: Range, Comfort, Safety

Powered by a 68.8kWh LFP battery, the CHANGAN DEEPAL S05 delivers WLTP ranges of up to 303 miles (RWD) and 278 miles (AWD). Inside, the aircraft-inspired cockpit features vegan leather heated and ventilated front seats, including a full-recline zero gravity passenger seat. A 15.4-inch rotating touchscreen, AR-HUD, 14-speaker audio system, and wireless smartphone connectivity complete the high-tech cabin.

Safety is central to the CHANGAN DEEPAL S05, earning it a five-star Euro NCAP rating. It comes standard with 17 intelligent driver assistance systems, enabling L2 autonomous driving through a network of cameras, radars, and ultrasonic sensors—including a 540-degree surround-view camera system.

More Than a Model: How the CHANGAN DEEPAL S05 Embodies a Global Vision

Changan is now present in 16 European markets, with launches in Italy, Spain, and Poland coming soon. The UK anchors this footprint as a strategic hub for local development. Leading this momentum is the CHANGAN DEEPAL S05, a model built on a truly global foundation. Designed at Changan Design Center Europe in Turin and calibrated at the Changan UK R&D Centre in Birmingham, it has been meticulously tuned for local roads.

For the UK market, the CHANGAN DEEPAL S05 is produced at Changan Rayong Factory in Thailand—established in 2023 as a dedicated hub for global right-hand drive markets. With approximately 60% local sourcing, the facility ensures consistent quality, testing, and supply, while its strategic location enables worldwide logistics. More than a new model, the S05 stands as a testament to Changan’s global ambitions—integrating design, engineering, and production across continents to deliver a truly international electric vehicle.

Hashtag: #Changan

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/2026/03/15/the-changan-deepal-s05-arrives-in-the-uk-engineered-globally-tuned-locally/

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The Hong Kong Institution of Engineers 50th Anniversary “Together we RISE” Carnival Opens

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 14 March 2026 – To celebrate its 50th Anniversary, The Hong Kong Institution of Engineers (hereafter “the HKIE”) has organised “The HKIE ‘Together we RISE’ Carnival” (hereafter “the Carnival”) at High Lawn, Art Park, WestK. The opening ceremony took place today, officiated by Ms Bernadette LINN Hon Ho, JP, Secretary for Development of the HKSAR Government; Mr YE Shuiqiu, Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region; Ir Ricky LAU Chun Kit, JP, Permanent Secretary for Development (Works); and Ir The Hon Aaron BOK Kwok Ming, Legislative Council Member (Functional Constituency – Engineering) cum Past President of the HKIE. They were joined by Ir Alice CHOW, President of the HKIE; Ir Prof Frank CHAN Fan, GBS, JP, Senior Vice President of the HKIE; Ir Rupert LEUNG Kwok Yiu, Vice President of the HKIE; Ir William LUK Wai Lam, Vice President of the HKIE and Ir Prof Alfred SIT Wing Hang, GBS, JP, Chief Executive and Secretary of the HKIE to kick off this two-day event.

Group Photo of officiating guests at the Opening Ceremony, including Ms Bernadette LINN Hon Ho, JP, Secretary for Development(4th right); Mr YE Shuiqiu, Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region(4th left); Ir Ricky LAU Chun Kit, JP, Permanent Secretary for Development (Works) (3rd left); Ir The Hon Aaron BOK Kwok Ming, Legislative Council Member (Functional Constituency – Engineering) cum Past President of the HKIE(3rd right); Ir Alice CHOW, President of the HKIE(middle); Ir Prof Frank CHAN Fan, GBS, JP, Senior Vice President of the HKIE (2nd left); Ir Rupert LEUNG Kwok Yiu, Vice President of the HKIE(2nd right); Ir William LUK Wai Lam, Vice President of the HKIE(1st right); and Ir Prof Alfred SIT Wing Hang, GBS, JP, Chief Executive and Secretary of the HKIE(1st left).

With the theme “Together we RISE”, the Carnival aims to highlight the engineering profession’s outstanding contributions to social progress, technological innovation, and sustainable development. Running from 14-15 March, the Carnival features over 40 interactive booths and game zones designed by various organisations and HKIE divisions. The booths showcase exciting innovations including robot and robot dog demonstrations, model displays, VR experiences, UAV flight simulators, a water pumping robot, and more, offering enjoyable, hands-on exploration of the diversity and fun of engineering for the whole family over the weekend.

The Carnival also features a travelling exhibition, “Engineering Legacy: 50 Years of Excellence”, celebrating 19 excellent engineering projects honoured with The HKIE 50th Anniversary Legacy Award. The exhibition highlights the remarkable achievements and milestones that have shaped Hong Kong’s engineering landscape over the past five decades. In addition, the winning entries from the “Together we RISE” school competition held by the HKIE earlier will be showcased, reflecting the creativity and imagination of the younger generation in building sustainable and innovative cities.

Ir Alice CHOW, President of The Hong Kong Institution of Engineers, remarked, “The Hong Kong Institution of Engineers has grown alongside Hong Kong over the past 50 years, witnessing and contributing to many of the city’s landmark infrastructure and urban development projects. Through the Carnival, we hope the public can gain a deeper understanding of the vital role engineers play in society, while inspiring the younger generation’s interest and creativity in the engineering profession. ‘Together we RISE’ is not just a theme; it also expresses our commitment to fostering innovation, uniting the industry, and building the future, leveraging Hong Kong’s unique advantages of being ‘backed by our motherland and connected to the world’!”

The HKIE 50th Anniversary “Together we RISE” Carnival

Date and time: 14 March 2026 (Sat) 10am-6pm

15 March 2026 (Sun) 10am-6pm
Location: High Lawn, Art Park, WestK
Fee: Free of charge

Hashtag: #HKIE

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/2026/03/14/the-hong-kong-institution-of-engineers-50th-anniversary-together-we-rise-carnival-opens/

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AIA Alta Prestige Wealth Centre Opens at AIA Central

Source: Media Outreach

Elevating the High-Net-Worth and Ultra-High Net-Worth Experience through Orchestrated Wealth and Legacy Advisory

HONG KONG SAR – Media OutReach Newswire – 14 March 2026 – AIA Hong Kong announced the opening of the AIA Alta Prestige Wealth Centre at AIA Central, marking a significant milestone in the evolution of AIA Alta, its exclusive proposition for High‑Net‑Worth (HNW)1 and Ultra‑High‑Net‑Worth (UHNW) customers2. Purpose‑built in Central, the Centre is housed within AIA Central—a landmark commercial building wholly owned by AIA Group—at the heart of the city’s financial district. The Centre is designed to serve customers with increasingly complex, multi‑market wealth, health and legacy planning needs through a highly integrated and personalised advisory experience.

Mr Lee Yuan Siong, AIA Group Chief Executive and President (fourth from left); Mr Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer (fourth from right); Mr Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau (third from left); Ms Alice Liang, Chief Proposition & Healthcare Officer, AIA Hong Kong & Macau (third from right); Ms Amy Chan, Chief Agency Officer, AIA Hong Kong & Macau (second from left); Ms Myra Lee, Chief Financial Officer, AIA Hong Kong & Macau (second from right); Ms Melissa Wong, Chief Customer & Marketing Officer, AIA Hong Kong & Macau (first from left); and Ms Carol Li, Chief Life Officer (first from right), AIA Hong Kong & Macau, celebrated the opening of the AIA Alta Prestige Wealth Centre.

Alice Liang, Chief Proposition & Healthcare Officer of AIA Hong Kong & Macau, said: “Since 2023, we have continued to strengthen our HNW proposition and see strong growth potential in this segment. In an increasingly dynamic global environment, enduring wealth, health and legacy planning have become more critical than ever.

Ms Alice Liang, Chief Proposition & Healthcare Officer of AIA Hong Kong & Macau, said that AIA Alta is extending its proposition to the UHNW segment, with the opening of the AIA Alta Prestige Wealth Centre marking a pivotal step in this journey.

We are elevating the HNW experience and expanding into the UHNW market as these customers seek more than insurance—looking for coordinated wealth and legacy advisory from a long-term partner who can guide them through complexity with clarity and confidence. The opening of the AIA Alta Prestige Wealth Centre is a pivotal step, supported by our HNW Dedicated Team and international partners, to help customers achieve an optimal balance of health and wealth.”

At the Heart of Hong Kong’s Financial District

Formerly known as the AIA Alta Wealth Management Centre in Causeway Bay, the Centre was established as the first# of its kind within Hong Kong’s insurance industry to provide professional wealth management services. Now housed within AIA Central, the AIA Alta Prestige Wealth Centre& offers unparalleled proximity to the city’s financial ecosystem. This strategic location enables seamless connection with private banks, professional firms and international institutions that play a critical role in multi‑market wealth structuring and legacy planning.

The AIA Alta Prestige Wealth Centre is designed to serve HNW and UHNW customers with increasingly complex, multi market wealth, health and legacy planning needs through a highly integrated and personalised advisory experience.

A Refined Advisory Experience

The Centre has been purpose‑designed to deliver a more orchestrated and holistic advisory experience. Supported by AIA’s HNW Dedicated Team and a network of international organisations, HNW customers can access advisory services on trust, legacy, tax, legal and family office matters within a single private setting. By bringing these capabilities together across every stage of the wealth and legacy planning journey, the Centre reduces fragmentation and empowers customers to make more confident, informed decisions.

A distinctive feature of the Centre is its bespoke hospitality offering, with dining prepared by AIA’s own corporate dining team. Thoughtfully curated food and beverage selections complement advisory engagements within a calm and private environment. Visitors may also explore the History Wall, which traces AIA Group’s century‑long legacy in Asia and its enduring commitment to customers across generations, while enjoying panoramic views of Victoria Harbour, taking in Hong Kong’s iconic skyline and landmarks such as the Hong Kong Observation Wheel.

Guests can enjoy panoramic views of Victoria Harbour, taking in Hong Kong’s iconic skyline and landmarks.

Purpose‑Led Design

Guided by AIA’s commitment to sustainability, the Centre’s design reflects ESG‑informed principles through material storytelling. Reclaimed elements—from ocean‑recovered fragments to repurposed glass, metal and wood—are thoughtfully re‑crafted to symbolise restoration, renewal and continuity, expressing AIA Alta’s belief that sustainability is a lived philosophy that preserves value, honours origins and supports enduring legacies across generations.

The Centre’s design reflects ESG informed principles through material storytelling.

A Trusted Proposition for HNW Families

The strength of the AIA Alta proposition is underpinned by strong customer recognition. For years, AIA has been recognised as Hong Kong’s most popular insurance brand among HNW individuals%, reflecting sustained trust in its ability to support HNW families. Looking ahead, AIA Alta will continue to support customers through its integrated pillars of Wealth and Health, complemented by meaningful experiences and curated privileges offered through AIA Alta Club—empowering customers to truly live Healthier, Longer, Better Lives.

Visitors may also explore the History Wall, which traces AIA Group’s century long legacy in Asia and its enduring commitment to customers across generations.

Remarks:

1 High‑Net‑Worth customer means a customer with investable wealth of US$1 million to US$30 million.

2 Ultra‑High‑Net‑Worth customer means a customer with investable wealth of more than US$30 million.

# As of 1 March 2023, compared with similar services offered by major Hong Kong insurance companies.

& AIA Alta Prestige Wealth Centre is available by invitation only.

% According to YouGov, an international research and data analytics company, Hong Kong BrandIndex 2022-2025, AIA has been the Most Considered Insurance Brand and is Most Likely to Be Purchased among the High-Net-Worth customers in Hong Kong (individuals with total investable assets exceeding US$ 1 million) for four consecutive years (from 2022 to 2025).

Important Information:

  • The above information provided herein shall not be construed as providing, selling, or soliciting the purchase of any insurance products or services outside Hong Kong and/or Macau, nor does it constitute any sales advice, product recommendation, or any form of service offer. Where the offering or sale of insurance products is prohibited under the laws of any jurisdiction outside Hong Kong and/or Macau, AIA shall not engage in such activities within that jurisdiction. AIA does not provide or sell insurance products or services in any territory other than Hong Kong and/or Macau. The above information is for reference purposes only and does not include detailed terms, conditions, or risk disclosures associated with the relevant products.
  • AIA reserves the right to amend, suspend or terminate the Services, any part thereof, service provider(s) or change any terms and conditions relating thereto at any time without prior notice at its absolute discretion.


Hashtag: #AIA

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/2026/03/14/aia-alta-prestige-wealth-centre-opens-at-aia-central/

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Should I pay off my mortgage or save for retirement – Ask Susan

Source: Radio New Zealand

RNZ

Got questions? RNZ has launched a podcast, No Stupid Questions, with Susan Edmunds.

We’d love to hear more of your questions about money and the economy. You can send through written questions, like these ones, but even better, you can drop us a voice memo to our email questions@rnz.co.nz

You can also sign up to RNZ’s new money newsletter, ‘Money with Susan Edmunds’.

No matter what mental gymnastics I do in my head and what calculators I use, I can’t work out how to maximise growth as I head towards retirement. Am I better off increasing my KiwiSaver contributions, or should I increase my mortgage repayments to minimise interest and term? It’s probably down to one’s own situation, but are there examples where one might be a better option than the other?

You’re right that it depends a lot on your own situation, and also your personality.

I talked to Rupert Carlyon, founder of Kernel KiwiSaver about this.

He points out that when you pay off your mortgage, you’re guaranteed a five percent taxfree return (or whatever interest rate you would otherwise be paying). As long as you keep paying, there is pretty much no risk that you won’t save yourself pretty significant sums of money in the long run by paying off your mortgage.

“With a KiwiSaver growth fund you may get a return of five percent to eight percent over a 10-year period,” he said.

“The returns from the market may be higher than that – though they may also be lower”.

He said you would also need to manage the downside risk. What would happen if your KiwiSaver fund did not perform as expected or lost money?

“If a member is a long term investor and plans to remain invested for at least eight to 10 years – then the probability of achieving an eight percent to 10 percent return with the KiwiSaver are higher than if they are a short term investor. If they need the money inside that time horizon – there is a significant chance of a market downturn and potentially the investment loses money – that is why the client should be in a balanced or conservative fund, and it is very unlikely that a balanced or conservative fund outperforms the mortgage over the medium term.

“If the person wants to maximise and is able to afford to take a little more risk – then potentially a KiwiSaver growth fund is the right answer. Though it depends on their time horizon and appetite for risk.”

You’ll need to weigh up how much you stand to save by paying off your home loan, what you will do once you’ve done that, and what sort of investment returns you can expect to get over the same period.

I know some people put all their money into clearing their mortgage and then plan to invest afterwards. This does reduce the amount of time you have for returns to compound, and relies also on you having the personality to actually do it.

If you can go into retirement with a mortgage-free home, that’s likely to reduce your stress quite significantly.

Can you advise me, I am getting NZ Super this year and will continue working. Which one should be secondary tax? I pay market rent and am single.

This will depend on how much you are earning from your job.

You should choose a main income tax rate for which ever income source gives you more. If you earn more than you get in NZ Super, you should have NZ Super as your secondary income. But if NZ Super will be more, you should switch your other income to a secondary tax code.

You won’t pay more tax overall for having a secondary tax code, but the addition of extra income will increase your overall tax bill which means more may need to be taxed at higher rates.

Sign up for Money with Susan Edmunds, a weekly newsletter covering all the things that affect how we make, spend and invest money.

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

LiveNews: https://nz.mil-osi.com/2026/03/14/should-i-pay-off-my-mortgage-or-save-for-retirement-ask-susan/

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NZ-AU: The Middle East: Impact of the U.S.–Israel War on Iran and Challenges for U.S. Expats

Source: GlobeNewswire (MIL-NZ-AU)

Dubai, UAE, March 13, 2026 (GLOBE NEWSWIRE) — Expat US Tax has released an analysis examining how recent geopolitical developments in the Middle East are affecting Americans living and traveling across the region. The review focuses on practical issues that U.S. expats may encounter, including travel disruptions, embassy advisories, and day-to-day logistical challenges as governments monitor security developments.

Impact of the U.S.–Israel War on Iran and Challenges for U.S. Expats

Over the past several weeks, tensions involving the United States, Israel, and Iran have led to heightened security alerts and precautionary measures across parts of the Middle East. Governments in several countries have issued travel advisories, increased security measures around infrastructure and transportation networks, and temporarily adjusted airspace access in response to regional developments.

These changes have had a direct impact on international travel. Airlines operating across the Middle East have modified flight routes or temporarily suspended certain services when airspace restrictions were introduced. In some cases, travelers have experienced delays or cancellations as airlines adjusted operations to maintain safe flight paths.

For Americans living in the region, these developments can affect routine activities such as business travel, family visits, or relocation plans. Large American expatriate communities reside in countries including the United Arab Emirates, Saudi Arabia, Qatar, Israel, and Kuwait, where many work in sectors such as energy, aviation, finance, education, and international business.

Clark Stott, Director at Expat US Tax, said that events affecting regional transportation or embassy operations can have practical implications for Americans living abroad.

“Americans living overseas often manage international travel, cross-border employment, and family commitments in multiple countries,” Stott said. “When regional developments affect transportation or consular services, expatriates may need to adjust travel plans or monitor official government guidance more closely.”

Government agencies have encouraged citizens abroad to stay informed through official advisories and embassy updates. U.S. citizens living overseas may receive updates through embassy communications, travel advisories, and emergency notification systems designed to provide timely information during rapidly evolving situations.

Travel and Embassy Operations

One of the most immediate effects of regional instability is the adjustment of aviation routes and airport operations. Airlines may reroute flights to avoid restricted airspace, while airports can temporarily limit operations if security concerns arise. These changes may result in longer travel times or limited flight availability between international hubs.

Embassy services may also adjust operations during periods of heightened security awareness. While most diplomatic missions continue to provide routine consular services, embassies may issue additional guidance for citizens or temporarily modify staffing levels depending on local conditions.

For Americans abroad, embassy communication channels often serve as an important source of information. Citizens can receive updates regarding local developments, travel advisories, or recommended safety precautions.

Considerations for U.S. Expats

For expatriates living in the Middle East, the most common impacts tend to involve logistical and planning considerations rather than direct security concerns. Travel arrangements, visa timelines, and relocation plans can be affected when airlines modify schedules or when governments introduce temporary travel guidance.

Many expatriates also maintain connections across multiple countries, making regional mobility an important part of daily life. Business travelers, contractors, educators, and international employees may rely on regional flights between Gulf cities, Europe, and Asia. Changes in aviation routes or airport operations can therefore influence professional schedules and personal travel.

In these situations, experts generally recommend monitoring official government advisories and maintaining flexibility in travel planning. Staying informed through embassy updates and airline notifications can help expatriates respond to changing travel conditions.

U.S. Tax Considerations for Americans Abroad

In addition to travel logistics, Americans living overseas continue to manage ongoing financial and tax obligations in the United States. Unlike most countries, the United States taxes its citizens based on citizenship rather than residency. As a result, U.S. citizens living abroad generally remain required to file annual U.S. tax returns if their income exceeds certain thresholds.

For expatriates who move between countries or adjust employment arrangements due to regional developments, maintaining accurate financial records can be especially important. Changes in residency, employment contracts, or income sources may affect how certain tax provisions apply.

Clark Stott noted that geopolitical developments sometimes highlight the complexity of financial planning for Americans abroad.

“Even during periods of regional uncertainty, U.S. tax filing requirements continue to apply,” Stott said. “For expatriates who relocate, change employment, or move between countries, maintaining organized financial records and understanding filing obligations can help avoid compliance issues later.”

U.S. expats may also rely on provisions such as the Foreign Earned Income Exclusion and foreign tax credits, which are designed to help reduce double taxation for Americans working overseas.

Looking Ahead

While governments and international organizations continue to monitor developments across the Middle East, many analysts note that travel conditions and security advisories can evolve quickly during periods of geopolitical tension.

For Americans living abroad, access to accurate information and reliable guidance remains important. Monitoring embassy communications, staying informed about travel advisories, and maintaining awareness of administrative obligations can help expatriates navigate changing conditions while continuing their work and daily life overseas.

About Expat US Tax

Expat US Tax is an advisory firm that assists U.S. citizens living abroad with tax compliance, planning, and reporting obligations. The firm provides tax preparation and advisory services to Americans residing in more than 190 countries, helping expatriates navigate the complexities of U.S. citizenship-based taxation.

Press Inquiries

Clark Stott
info@expatustax.com
https://www.expatustax.com/

– Published by The MIL Network

LiveNews: https://livenews.co.nz/2026/03/14/nz-au-the-middle-east-impact-of-the-u-s-israel-war-on-iran-and-challenges-for-u-s-expats/

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ACE ROBOTICS Open-Sources Real-Time Generative World Model Kairos 3.0-4B

Source: Media Outreach

  • A native world model built from the ground up for embodied intelligence, Kairos 3.0-4B delivers exceptional physics-consistent deep understanding and cross-embodiment generalization, enabling a single “brain” to drive robots of multiple form factors.
  • Kairos 3.0-4B leverages a unified “multi-modal understanding-generation-prediction” architecture for physical-level deep understanding, long-horizon dynamic interaction, precise action control, and long-horizon interaction — 7-minute coherent interaction videos set a new industry benchmark.
  • As a lightweight 4B-parameter model, Kairos 3.0-4B outperforms mainstream embodied world models while delivering industry-leading inference efficiency. It achieves real-time edge generation on the THOR platform with a1:1.5 ratio of generation time to video duration, leading performance across both cloud and edge environments.
  • Kairos 3.0-4B achieves top-ranking accuracy across multiple authoritative benchmarks. Furthermore, leveraging model capabilities and inference tooling, its inference speed is 72 times faster than Cosmos 2.5, setting a new global performance record for embodied world models.

SHANGHAI, CHINA – Media OutReach Newswire – 13 March 2026 – ACE ROBOTICS announced the open-source release of Kairos 3.0-4B, the industry’s first native world model for embodied intelligence to realize unified “multi-modal understanding-generation-prediction” within a single architecture. As the technical cornerstone of the company’s “Human-Centric” ACE Embodied Intelligence R&D Paradigm, Kairos 3.0-4B is designed from the ground up for real-world robotic operation — integrating physical laws, human behavior, and real robot actions to deliver physics-consistent deep understanding of the real world.

The prevailing approach to embodied world models has largely involved retrofitting general-purpose large language or vision models with motion interfaces. Kairos 3.0-4B takes a fundamentally different path. Rather than appending motion capabilities onto existing model architectures, it is built from the architectural level around the fundamental physical and causal laws that govern real-world environments, constructing a unified world-understanding framework capable of cross-embodiment generalization. By embedding causal reasoning chains directly into its decision-making process, the model transcends behavioral imitation and achieves what ACE ROBOTICS defines as physical-level deep understanding — enabling robots to not only know what to do, but to understand why. Its core breakthrough lies in the deep integration of three categories of data: real robot interaction data, structured human behavioral data, and chain-of-thought reasoning data, effectively breaking down multi-source data barriers and significantly improving the reuse efficiency of real-world data.

A landmark achievement of this release is Kairos 3.0-4B’s real-time edge deployment capability. Deployed on the NVIDIA Jetson Thor T5000 platform at 517 TFLOPs, it is the world’s first embodied world model to achieve real-time generation on edge hardware — achieving a 1.5x faster-than-real-time generation speed on the THOR platform — and the first capable of directly driving physical robot bodies for real-world task execution through native edge deployment. The model issues full-body control commands spanning upper limbs, fingers, and lower limbs without intermediate control layers, enabling robots to move from “capable of performing” to genuinely “capable of working.”

Kairos 3.0-4B also delivers a breakthrough in long-horizon interaction. By combining its unified architecture with Agent-based hierarchical planning and a self-reflective iterative optimization mechanism, the model generates coherent future-state predictions up to 7 minutes in length while maintaining full scene coherence and physical fidelity throughout — setting a new industry benchmark for long-horizon embodied interaction and opening new pathways for embodied intelligence training and deployment.

On the A800 GPU benchmark, Kairos 3.0-4B’s inference speed surpasses NVIDIA Cosmos 2.5 by 72 times, setting a new global performance record for embodied world models. This performance is delivered with a lightweight footprint of just 4B parameters and 23.5GB of VRAM — a fraction of Cosmos 2.5’s 70.2GB requirement — demonstrating that efficiency and capability need not be in tension and fundamentally challenging the assumption that larger parameters are a prerequisite for superior performance. The model has also achieved top rankings across three authoritative global benchmarks: PAI-Bench-robot, co-developed by Georgia Tech and CMU; WorldModelBench-robot TI2V, introduced at CVPR 2025; and NVIDIA GEAR Lab’s DreamGen Bench, outperforming all evaluated models on physical consistency and instruction-following metrics.

In A800 GPU benchmarks, Kairos 3.0-4B achieves order-of-magnitude breakthroughs in compute efficiency and inference speed

Supporting seamless cross-embodiment deployment across single-arm, dual-arm, and dexterous hand configurations with no additional per-embodiment training required, Kairos 3.0-4B is compatible with major hardware platforms including Agilex PIPER, Unitree G1, and Galaxy G1. Kairos 3.0-4B is now available on Github (https://github.com/kairos-agi/kairos-sensenova) and Hugging Face (https://huggingface.co/kairos-agi/kairos-sensenova-common).

https://www.linkedin.com/company/acerobotics/posts/?feedView=all&viewAsMember=true｜
https://x.com/ace_robotics

Hashtag: #ACEROBOTICS

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/2026/03/14/ace-robotics-open-sources-real-time-generative-world-model-kairos-3-0-4b/

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OPPO and Google Partner to Redefine Productivity for Foldable Devices with Next-Gen AI Stylus Experience

Source: Media Outreach

SHENZHEN, CHINA – Media OutReach Newswire – 13 March 2026 – OPPO, a leading global smart device brand, is deepening its collaboration with Google Cloud to reimagine AI-powered productivity on its upcoming Find N6 foldable flagship with the new OPPO AI Pen.

Kai Tang, President of Software Engineering at OPPO, said: “OPPO’s close collaboration with partners like Google Cloud enables us to bring the latest and most advanced AI experiences to our users. Featuring powerful AI capabilities, we have evolved the traditional stylus into the innovative OPPO AI Pen, marking a significant leap in efficiency for the foldable smartphone experience.”

AI Chart and AI Image: Next-Level Productivity with OPPO AI Pen

The upcoming Find N6 will launch together with the OPPO AI Pen, featuring exclusive AI Chart and AI Image functions built with Google Cloud’s cutting-edge AI capabilities.

While taking notes or sketching ideas with a stylus helps capture inspiration quickly, translating handwritten drafts into polished, professional formats has always been a challenge. With AI Chart built with Gemini Pro, users can press the dedicated side button on the OPPO AI Pen and simply circle their handwritten notes to instantly generate a clean, editable digital table, allowing for faster information organization in meetings, planning sessions, and daily work.

Beyond text and charts, the AI Image feature is built with Nano Banana, and further expands creative possibilities by transforming simple doodles into refined artwork. Users can even provide specific text prompts to guide the AI, reimagining their drawings in any style, from classic oil painting textures to modern digital art.

Enhanced Cross-Ecosystem Sharing

OPPO is also collaborating with Google to bring AndroidTM Quick Share compatibility with Apple devices to Find N6. In the coming weeks, users will be able to send photos, videos, and files directly to Apple devices—with no additional apps required, advancing cross-ecosystem connection.

Next-Level Productivity on Find N6

These advanced productivity-enhancing features of ColorOS 16 will be fully integrated into the upcoming OPPO Find N6, delivering a high-performance and seamless experience from the very first touch. By combining OPPO’s advanced hardware with Google’s AI capabilities, Find N6 is set to turn the foldable device into a true mobile workstation, empowering users to create, collaborate, and communicate like never before.

Disclaimer: AI Chart is built with Gemini 2.5 Pro, while AI Image is built with Nano Banana (Gemini 2.5 Flash Image).

*Google, Android and Quick Share are trademarks of Google LLC.

Hashtag: #OPPO

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/2026/03/14/oppo-and-google-partner-to-redefine-productivity-for-foldable-devices-with-next-gen-ai-stylus-experience/

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“Created for Ease”: ECOVACS Brand Campaign Honors Caregivers Across the APAC Region

Source: Media Outreach

For the past 20 years, ECOVACS has been driven by a fearless spirit of innovation to solve complex challenges and continuously advance the user experience. The pioneering intelligent technologies in the ECOVACS DEEBOT robotic vacuums and WINBOT robotic window cleaners, such as the OMNI Station, OZMO ROLLER technology, and PowerBoost technology have set new industry benchmarks and become the hidden heroes for every home, designed to help users clean every corner of their home with minimal effort.

Now ECOVACS is bringing this same innovation spirit to help ease the burdens faced by caregivers in the APAC region. As part of its brand campaign, ECOVACS is planning to cooperate with select like-minded local partners across the region, such as Enabling Village in Singapore. Enabling Village is an integrated community space that aims to empower caregivers for people with disabilities by providing them with resources to manage their responsibilities and enhance their quality of life. ECOVACS will provide Enabling Village caregivers with DEEBOT robotic vacuum cleaners to help ease their burdens and enable them to spend more time on themselves.

“Caring for a child with special needs requires lots of time and patience. And it can be challenging to find moments when I can focus on myself,” says Yvette Wang. “I’m grateful to ECOVACS and their efforts to assist caregivers. With their DEEBOT robotic vacuum I now have one less thing to manage, as I can leave DEEBOT to take care of our floors, and itself.”

To commemorate their partnership, ECOVACS and Enabling Village have invited Yvette’s son, artist @Eli_lailai, to specially design some exclusive merchandise. This collaboration was made possible through I’mable Collective, an initiative by SG Enable that supports and empowers persons with disabilities by providing training and employment opportunities within the creative sector.

An Ecosystem that Empowers Ease

ECOVACS’ efforts to continually strengthen its leadership in service robotics are rooted in its deep understanding of users’ needs. Its regionally tailored brand idea “Created for Ease – Always in Your Corner” reflects the brand’s desire to tailor its mission of ‘Robotics for All’ to shape a better future for users in the APAC region with robots that can seamlessly serve every home, everywhere.

The industry-leading cleaning technologies pioneered by ECOVACS demonstrate its dedication to reducing human effort while maximizing cleaning precision and efficiency, all with the aim of offering dependable cleaning experiences tailored to the needs of today’s households. ECOVACS’ service robots offer users more ease by bringing efficient, effortless cleaning to every corner of their household.

“Always in Your Corner” reflects how ECOVACS’ home service robotics ecosystem is designed for users in the APAC region – to support their full-home scenarios, from floors to windows. The ECOVACS DEEBOT robotic vacuums and WINBOT robotic window cleaners are built to handle what must be done — quietly, consistently, and intelligently. They don’t just clean, they leave users with less to manage.

Amplifying a Message of Care

ECOVACS will extend the impact of this brand campaign across multiple touchpoints in key APAC markets, including Singapore, Australia, Vietnam, India, Thailand, Malaysia and Indonesia. Through localized partnerships, integrated brand storytelling, and community engagement, ECOVACS aims to honor caregivers as well as those across the region who are seeking a less stressful and more balanced life.

Intelligent. Innovative. Intuitive.

From its DEEBOT family of robotic vacuum cleaners to its WINBOT family of robotic window cleaners, all of ECOVACS’ innovations are backed by its well-established vertically integrated supply chain and independently developed technologies spanning batteries, AI, motors, transmission components and more.

Today, ECOVACS serves over 38 million households across nearly 180 markets worldwide. Its mission — “Robotics for All” — reflects a long-term commitment to making intelligent service robotics accessible, reliable, and seamlessly integrated into everyday life.

“Created for Ease” is not only about cleaning better. It’s about living lighter and reducing what needs your attention – so that you can focus on what truly matters. And in doing so, ECOVACS is always in your corner.

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

LiveNews: https://livenews.co.nz/2026/03/13/created-for-ease-ecovacs-brand-campaign-honors-caregivers-across-the-apac-region/

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GrabForGood Fund Increases Commitment to US$3.2 Million for 2026 to Education and Community Resilience Programmes across Southeast Asia

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 13 March 2026 – Grab, a leading super app in Southeast Asia, today announced a US$3.2 million commitment for 2026 from the GrabForGood Fund, an endowment dedicated to supporting its partners and the community-at-large. This latest allocation will fund programmes across Southeast Asia to support the Fund’s three core pillars: Education, Community Care, and Disaster Relief.

Đặng Phương Ngân, one of Vietnam’s first GrabScholar recipients in 2025

The 2026 roadmap includes the flagship GrabScholar programme, which provides bursaries for underprivileged school-going children and full-ride merit scholarships for students with demonstrated financial need and strong academic potential, as well as health and meal nutrition programmes for schools.

The GrabForGood Fund was established by Grab to ensure the company’s success is directly shared with the communities it serves. This commitment was anchored by a personal contribution of over US$16 million from Grab’s Group CEO and Co-Founder, Anthony Tan, as a marker of leadership accountability to the Fund’s long-term mission, as well as additional contributions from other individual and organisational donors.

“We started the GrabForGood Fund to provide a foundation for people across Southeast Asia to build the future they want for themselves. I’ve seen first-hand the incredible resilience of our partners and our communities, yet there can be systemic barriers that are hard to overcome alone. In 2026, we aim for these programmes to be the stepping stones to better opportunities – whether by ensuring a child has a nutritious meal to focus in class, or providing a student with a full scholarship to reach university and create new possibilities for their family’s future,” said Anthony Tan, Group CEO and Co-Founder of Grab.

2025 Programme Highlights

The 2026 commitment builds on a year of significant momentum. In 2025, the GrabForGood Fund disbursed more than US$2 million, directly supporting over 3,600 students in the GrabScholar programme across Southeast Asia with bursaries and full-ride merit scholarships. The Fund also backed a suite of community initiatives to support caregiving networks, address school nutrition to improve educational outcomes, and foster learning and innovation development across Southeast Asia.

Since its inception in 2022, the GrabScholar programme has supported 8,238 students across Southeast Asia, including driver- and merchant-partners and their immediate family members, as well as members of the public. In 2025 alone, 3,486 school-going children received GrabScholar bursaries, and 117 university students were awarded full-ride merit scholarships. The programme expanded to Thailand and Vietnam last year, and is also available in Indonesia, Malaysia and the Philippines.

Đặng Phương Ngân is one of Vietnam’s first GrabScholar recipients in 2025, and she is pursuing Finance at the University of Economics HCMC. Her father is a Grab driver-partner and her mother is a factory cleaner. Ngân said, “Becoming a GrabScholar feels like coming full circle. My father driving with Grab opened the first door for our family. Grab now supports my education, and I hope to use it not only to build a career in finance, but to create a foundation that allows me to give back to others who are still waiting for their chance.”

In the Philippines, Rise Against Hunger Philippines launched the Dietary Supplementation Programme, with support from the GrabForGood Fund. This initiative will provide daily rice-soy meals to over 2,600 children to improve their nutrition and create a healthy learning environment.

Additional Community Initiatives

Beyond the GrabForGood Fund, Grab runs several long-standing community programmes as part of its triple bottom line commitment to deliver financial performance, while driving social impact and environmental sustainability.

In Singapore, Grab offers the Emerald Circle Scholarships, a bond-free award for children of eligible driver- and delivery-partners to study at local universities, alongside various student bursaries.

To support partner earnings and resilience, GrabAcademy provides continuous training and skills development to help driver-partners improve their earning potential. In 2025, more than 1.5 million driver-partners completed at least one GrabAcademy course. In addition, Grab runs programmes such as the Grab Women Drivers’ Programme and GrabAccess for persons with disabilities to reduce barriers to earning opportunities for the underrepresented on the platform.

There were also 17 environmental projects supported in 2025 to support local conservation, and empower consumers to make sustainable choices. This is facilitated by Grab’s in-app Green Programme feature that channels consumer contributions towards independently verified environmental projects across Southeast Asia, supporting climate action, nature conservation, and community resilience.

Hashtag: #Grab, #GrabForGood #GrabScholar #SocialGood #CommunityImpact

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/2026/03/13/grabforgood-fund-increases-commitment-to-us3-2-million-for-2026-to-education-and-community-resilience-programmes-across-southeast-asia/

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Minister visits EIT Tairāwhiti to see workforce training and innovation

Source: Eastern Institute of Technology

7 minutes ago

Minister for Vocational Education Penny Simmonds visited EIT’s Tairāwhiti campus today to see how the newly independent institute is helping build the region’s future workforce.

During the visit, the Minister, along with East Coast MP Dana Kirkpatrick, toured several facilities including the Drone Research Lab, Electrical Lab, Hospitality Kitchens and the Trades Training Centre.

Minister for Vocational Education Penny Simmonds with EIT Senior Lecturer Dr Anastasia Mozhaeva at the Tairāwhiti campus.

EIT Chief Executive Lucy Laitinen said the visit was an opportunity to highlight how the institute is supporting regional economic development.

“The Tairāwhiti Economic Plan is clear that building local capability and investing in our people is fundamental to the region’s future. Now that EIT has regained its independence, we are refocusing squarely on the needs of our region,” she said.

“That means responding to industry, whether that’s pioneering new drone technology with partners like the Port, or creating trades pathways for rangatahi through our Trades Academy. We’re committed to strengthening the regional economy by developing the workforce of both today and tomorrow.”

EIT returned to independence on January 1 following amendments in late 2025 to the Education and Training Act 2020, enabling the institute to sharpen its regional focus and strengthen collaboration with industry.

EIT Executive Dean of the Faculty of Commerce and Technology John West said the institute was delighted to welcome Hon Penny Simmonds to the Tairāwhiti campus.

“During her visit, the Minister was interested in the organisation’s 2026 enrolment picture, which continues to show a return toward education across our communities with strong enrolments.”

As part of her visit, the Minister learned more about EIT’s emerging drone technology research, led by Dr Anastasia Mozhaeva and developed through a dedicated research lab supported by Trust Tairāwhiti.

John said the work explores how drone technology can be applied to business and industry while helping develop specialist skills in the region.

“Drone technology is a specialised and emerging field, and it’s an area where we see real potential for Tairāwhiti,” he said.

EIT Executive Dean of the Faculty of Commerce and Technology John West with Minister for Vocational Education Penny Simmonds EIT’s Tairāwhiti campus.

“While visiting the EIT Drone Research Lab, the Minister shared her observations around the need to connect strongly with industry. She was impressed with what EIT had achieved in an emerging technology area and encouraged us to think broadly around the technology’s application.”

The Minister also met students participating in EIT’s Trades Academy programmes, where secondary school students gain hands-on experience across a range of vocational pathways including automotive, engineering, carpentry, hospitality and electrical trades.

John said demand from local schools for Trades Academy places was strong, with enrolment numbers exceeding funded levels.

“We’ve seen incredibly strong demand from local high schools for students to participate in these programmes, which is great,” he said.
Tairāwhiti Campus Executive Director Tracey Tangihaere said the visit was an opportunity to showcase the work being done in the region.

“It was great to have the Minister here to meet some of our students, staff and community partners and to see the programmes we’re delivering in Tairāwhiti. Students and staff enjoyed talking to Minister Simmonds and sharing their passion and aspirations,” she said.

Workforce development remains a key priority in the Tairāwhiti Economic Plan, with employers continuing to face skills shortages across a range of sectors.

Hon Penny Simmonds said she enjoyed visiting EIT, and it was fantastic to see students, tutors and industry partners in action at the Tairāwhiti campus.

“Touring the Drone Research Lab, Electrical Lab, Hospitality Kitchens and the Trades Training Centre gave me a real sense of the practical learning taking place. It was also great to meet secondary school students taking part in Trades Academy programmes and getting a taste of trades training, which shows the strong relationships EIT has with local schools.

“It’s exciting to see the institute preparing students for today’s jobs while fostering innovation, and it really shows the difference a regionally governed, community-focused polytechnic can make in preparing the workforce of tomorrow.”

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/13/minister-visits-eit-tairawhiti-to-see-workforce-training-and-innovation/