Second AD-Linkage x Alibaba AI Bootcamp Concludes Successfully; AD-Linkage Becomes First Institution to Offer CEF-Subsidized Hybrid Learning Programs

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 February 2026 – AD-Linkage, in collaboration with Alibaba AITIC, has successfully concluded its second AI-themed bootcamp at Alibaba’s headquarters in Shenzhen. Held over two consecutive days from February 7 to 8, 2026, the program attracted 20 participants from various industries in Hong Kong, focusing on “AI-Driven Automated Marketing and AI Agent Implementation” and enabling attendees to experience the real-world application potential of AI agents in business scenarios.

The bootcamp was closely aligned with the latest developments in AI, centering on how AI Agents and AI RAG (Retrieval-Augmented Generation) can be applied to content marketing and workflow automation. The curriculum unpacked the three-layer architecture of “Tools – Intelligence – Automation,” helping learners understand the practical path from using a single AI tool to building enterprise-level intelligent automation systems.

In the hands-on sessions, participants used Xiaohongshu (Little Red Book) marketing as the core scenario. They practiced leveraging Kimi and DeepSeek for viral topic discovery and trend analysis, designed structured prompts to generate on-brand copy and short video scripts, and completed visual assets with tools such as Jimeng AI and Canva. Over the two-day program, participants also learned how to use N8N to build automated Xiaohongshu workflows, including scheduling the scraping of trending content, storing data in Lark Base, triggering AI for secondary content creation and sensitive word detection, and using browser automation tools for multi-account scheduled posting—ultimately constructing a fully operational system for “Content Factory + Scheduling + Data Feedback.”

Driving a New Mode of Flexible Learning: Pioneering CEF-Subsidized Hybrid Courses

AD-Linkage also announced that it has become the first training institution in Hong Kong to offer courses that are both accredited by the Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ) and subsidized by the Continuing Education Fund (CEF) under a hybrid learning model. The programs are designed in a hybrid format, with part of the classes delivered via live online teaching and the remainder conducted through in-person classroom sessions. Learners attend at scheduled times either through an online classroom or by joining on-site, combining interactive online learning with face-to-face instruction to provide more flexible study options for working professionals.

Through structured live online sessions combined with in-person workshops, learners are guided by instructors to master theoretical frameworks and then participate in case discussions and practical exercises in the classroom, turning what they have learned into actionable solutions for real work scenarios. As these programs are listed as CEF-recognized courses, eligible learners can apply for government subsidies to lower their financial barrier to further study and continuously enhance their AI and digital transformation skills. Education providers interested in adopting a hybrid online–offline teaching model are welcome to contact AD-Linkage’s curriculum design consultancy team and visit: https://bit.ly/3ZxJNq3 for more information.

Management on Future Vision and AI Training Strategy

“By launching HKCAAVQ-accredited and CEF-subsidized hybrid learning programs, we aim to respond to the time and cost constraints faced by working professionals in Hong Kong, enabling more practitioners to master core AI and digital transformation capabilities in a more flexible way,” said Horace, Founder and Course Director of AD-Linkage. “At the same time, we hope to set a practical example for combining online and offline hybrid teaching in Hong Kong, and to help drive the wider adoption of such models across the local education and training sector.”

He added, “The AITIC bootcamp held at Alibaba’s Shenzhen headquarters focused on turning technologies such as AI Agents, AI RAG and automated workflows into practical skills that can be immediately applied to real business scenarios. Participants were not just learning theory; they were building fully functional automated marketing systems with their own hands, truly converting AI into a productivity tool for their organizations.”

About AD-Linkage and Upcoming Programs

AD-Linkage is a professional training institution dedicated to serving working professionals and corporate clients in Hong Kong. Its programs cover practical areas including digital marketing, AI applications and new media marketing. With a core philosophy of “practice-oriented and industry-aligned,” AD-Linkage designs courses that combine online theoretical learning with offline case studies and hands-on workshops via a hybrid teaching model, accommodating the busy schedules of working adults while ensuring that learning outcomes can be directly applied at work.

AD-Linkage is also actively expanding local and international partnerships, including collaborating with organizations such as Alibaba AITIC to host AI-themed bootcamps and corporate exchange activities. The institution continues to introduce the latest AI technologies and commercial application cases into Hong Kong, helping more professionals and SMEs seize opportunities in digitalization and intelligent transformation.

The next program co-organized by AD-Linkage and Alibaba AITIC will focus on “Building AI Assistants,” guiding learners from the application level to the stage of creating their own AI assistants. Participants will learn how to design, deploy and optimize AI assistants tailored to their specific business scenarios. For enquiries and registration, please visit: https://cef.ad-linkage.com/

Hashtag: #AD-Linkage

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

LiveNews: https://livenews.co.nz/2026/02/11/second-ad-linkage-x-alibaba-ai-bootcamp-concludes-successfully-ad-linkage-becomes-first-institution-to-offer-cef-subsidized-hybrid-learning-programs/

APAS Made Debut at Industry Flagship Event Asia Photonics Expo 2026 in Singapore Showcases Automotive Photonics Innovations

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 11 February 2026 – Centre of Advanced Power and Autonomous Systems (APAS), under the Hong Kong Productivity Council (HKPC), made its first-ever appearance at the Asia Photonics Expo (APE 2026)—Asia’s leading platform for photonics technology innovation—held in Singapore from 4 to 6 February. During the exhibition, APAS showcased its advanced automotive photonics R&D achievements to photonics experts and enterprises in the field from across Asia and around the world. Featured innovations included an Automotive-grade MEMS Drive OIS Actuator and an Augmented Reality Head-up Display for Commercial Vehicles.

Meanwhile, APAS organised the “Go Global to Southeast Asia: Singapore Photonics and Emerging Industries Delegation, leading representatives from Hong Kong and Chinese Mainland enterprises to participate in APE 2026 as well as a series of site visits and exchange activities. This initiative aimed to present Hong Kong’s comprehensive R&D and industrial strengths in photonics and emerging sectors to the international community. It also sought to help small and medium-sized enterprises (SMEs) in understanding market dynamics and technological trends in Singapore’s photonics and emerging industries, facilitate cross-regional business networking, and support enterprises in expanding into Southeast Asian and global markets.

Mr Yonghai DU, Chief Innovation Officer of HKPC and General Manager of APAS, said, “The ’15th Five-Year Plan’ Recommendations emphasise fostering emerging industries and accelerating the development of industrial clusters in strategic emerging fields such as new energy and new materials. Over the years, HKPC has been committed to helping enterprises turn R&D outcomes into competitive market application solutions. APAS focuses on R&D in various technological fields, including green transportation, smart mobility, intelligent systems and emerging applications. By collaborating with industry, academia and research institutions, APAS transforms R&D outcomes into commercially viable products and solutions, thereby enhancing Hong Kong’s competitiveness in the fields of new energy vehicles and intelligent driving”.

“Photonics plays an irreplaceable role in data acquisition, transmission and processing, and is therefore critical to the field of intelligent driving. This is APAS’s first participation in the APE, together with the organisation of a delegation to Southeast Asia, aims to lay a more solid foundation for the long-term development of automotive photonics technologies, while supporting businesses in expanding into photonics and emerging industries markets in Southeast Asia”.

First Debut in APE 2026 to Deepen International Photonics Industry Connections
Photonics technologies are widely applied across various sectors, including communications, information technology, healthcare, industrial manufacturing and energy. Held in Singapore, APE 2026 is one of the most influential events in the photonics industry in Asia. It brought together research institutions, technology companies and industry leaders from around the world to showcase cutting-edge technologies and innovative application scenarios across the entire photonics value chain. As a leading R&D institution in new energy and intelligent driving, APAS made its debut at APE 2026, leveraging its R&D strengths to contribute to technological collaboration and application innovation within the photonics industry. It not only helps Hong Kong and Chinese Mainland enterprises build bridges to the global photonics industry and expand market opportunities, but also supports Hong Kong’s active integration into the international photonics ecosystem, further promoting cross-regional technology exchange and industrial collaboration.

As a member of the HKSAR Government’s “Task Force on Supporting Mainland Enterprises in Going Global”, HKPC also shared its comprehensive “GoGlobal” services with exhibition participants during the event. These services include smart manufacturing, technology research and assessment, international standards and testing, professional services, training and study missions, as well as funding schemes—highlighting Hong Kong’s unique advantages in supporting enterprises’ global expansion. Ms Teresa POON, Deputy Director of the Hong Kong Economic and Trade Office in Singapore, visited the APAS booth to learn about the latest automotive photonics technologies and R&D achievements in Hong Kong, and to exchange views on the city’s strengths in the photonics industry.

In addition, Dr Rick MO, Head of Business Development and Commercialisation and Head of Emerging Applications of APAS, was invited to deliver a keynote speech on the impact of 2D material semiconductor innovations on the future development of smart mobility and high-end manufacturing. The APAS team has been deeply involved in the field of third-generation semiconductors for many years. Its development of silicon carbide-based systems and controllers have significantly improved the energy efficiency and driving range of new energy vehicles. Looking ahead, the team will explore the replacement of traditional chip electronic signals with optical signals, further advancing the application and development of related technologies.

Advancing Automotive Photonics R&D to Support Smart Mobility and Smart City Development
During APE 2026, APAS set up a dedicated exhibition zone to showcase its latest automotive photonics solutions in support of smart mobility and smart city development. The exhibits included:

  • Automotive-grade MEMS Drive OIS Actuator: The technology is designed to stabilise imager sensor shifts in Full HD dash cameras. It effectively reduces image shake caused by road vibrations or cornering, significantly enhancing image stability and clarity. When combined with object detection and recognition capabilities, the dash camera prototype can continuously deliver clear images and reliable driving records, even in busy urban areas, on winding roads or in tunnels, and in adverse weather conditions. This helps to improve overall road safety.
  • Augmented Reality Head-up Display for Commercial Vehicles: By combining virtual images with the real-world view, key driving information such as navigation routes, vehicle speed and safety alerts, is projected directly onto the windshield. This allows drivers to access critical information without having to divert their gaze, thereby enhancing driving focus and safety. The solution can also be optimised for the practical operating scenarios of commercial vehicles such as buses and trucks.

Promoting International R&D Exchange and Exploring Southeast Asian Market Opportunities
In addition to participating in APE 2026, the “Go Global to Southeast Asia: Singapore Photonics and Emerging Industries Delegation” arranged visits for enterprise representatives to several world-class universities and research institutions in Singapore, including Nanyang Technological University, the National University of Singapore, Singapore University of Technology and Design, and the Agency for Science, Technology and Research. These visits provided in-depth insights into the latest R&D and technology commercialisation cases in areas such as quantum photonics, smart sensing, semiconductors and emerging applications, enabling participants to better grasp market trends and collaboration opportunities in photonics and emerging industries.

Through this series of visits and exchanges, HKPC and APAS played a bridging role in showcasing Hong Kong’s R&D capabilities and industrial strengths in photonics and smart mobility to the global community, supporting SMEs in capturing opportunities in the Southeast Asian market, and promoting the long-term development of the photonics and smart mobility industries.

Hashtag: #HKPC #APAS

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/2026/02/11/apas-made-debut-at-industry-flagship-event-asia-photonics-expo-2026-in-singapore-showcases-automotive-photonics-innovations/

medisana Strengthens Home Healthcare Access in Malaysia and Brunei Through Strategic Partnership with DKSH

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 11 February 2026 – medisana, a trusted global brand in home health and wellness solutions, has announced a strategic partnership with DKSH Business Unit Healthcare to expand distribution and commercial execution for its medical device portfolio across Malaysia and Brunei. This collaboration marks a significant step in medisana’s commitment to making reliable home healthcare monitoring solutions more accessible to individuals, families, and communities across the region.

Under this partnership, DKSH will support medisana with comprehensive market expansion services, encompassing sales, merchandising, distribution, and logistics across all retail and institutional pharmacy channels. With DKSH’s extensive pharmacy network and deep healthcare expertise, the collaboration will accelerate medisana’s growth in key medical device categories, including blood pressure monitors, thermometers, inhalers, TENS machines, pulse oximeters, blood glucose meters, and blood glucose strips.

Michael Gao Feng, Managing Director at medisana, stated:
“Our mission has always been to empower people to better manage their health at home. Partnering with DKSH enables us to strengthen our presence in Malaysia and Brunei while ensuring that our trusted home healthcare solutions are accessible through more pharmacy touchpoints. DKSH’s strong distribution capabilities and understanding of the healthcare landscape make them an ideal partner for our continued expansion in Asia.”

Sandeep Tewari, Vice President, Healthcare and Head, Country Leadership, Malaysia at DKSH, added:
“We are proud to welcome medisana to DKSH’s healthcare portfolio. By combining medisana’s trusted medical device solutions with DKSH’s extensive commercial reach and execution excellence, we aim to expand access to high-quality home healthcare monitoring devices and drive sustainable growth across Malaysia and Brunei, ultimately enriching people’s lives by providing healthcare for all.”

The partnership underscores medisana’s continued commitment to innovation, accessibility, and improving quality of life through user‑friendly healthcare technologies. As demand for home health monitoring continues to rise, medisana will leverage this collaboration to deepen its footprint across Southeast Asia and provide greater support to healthcare professionals and consumers alike.

http://medisana.asia/my-en
https://www.facebook.com/medisana.my
https://www.instagram.com/medisana.my

Hashtag: #medisana #healthwellness

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/2026/02/11/medisana-strengthens-home-healthcare-access-in-malaysia-and-brunei-through-strategic-partnership-with-dksh/

Correcting and Replacing: Infinix to Deliver Industry-leading Performance with Snapdragon Platforms

Source: Media Outreach

Infinix is committed to elevating performance and user experience, beginning with the upcoming NOTE 60 SERIES featuring Snapdragon platforms

HONG KONG SAR – Media OutReach Newswire – 11 February 2026 – Today, Infinix announced its plans to integrate the cutting-edge Snapdragon® platforms from Qualcomm Technologies, Inc. across select smartphones and broader product categories. Through its work with Qualcomm Technologies on system-level optimizations, Infinix aims to achieve deeper integration of chipset capabilities within Infinix’s product portfolio, delivering an enhanced and more seamless user experience.

Select models in the upcoming NOTE 60 SERIES will mark the first time Infinix smartphones are powered by Snapdragon mobile platforms. This launch represents a significant step in Infinix’s core platform strategy and an important milestone for the brand. By integrating the renowned Snapdragon system-on-a-chip solutions into select models, the NOTE 60 SERIES is poised to unlock extraordinary possibilities and deliver a next-level experience to users worldwide.

Strengthening Research and Development Efforts

By combining Qualcomm Technologies’ industry-leading technological expertise with Infinix’s strong capabilities in product design and user experience, the NOTE 60 SERIES focuses on delivering elevated, consistent, and stable performance across core areas, including power efficiency, immersive gaming, advanced imaging, and integrated AI experiences.

Over the past year, Infinix has adopted Snapdragon platforms in its tablet lineup, receiving positive market feedback. This success has laid the groundwork to expand into smartphones and broader product categories. As Infinix continues to advance its premiumization strategy, deepening collaboration with leading technology partners remains a key focus in expanding its product ecosystem and strengthening long-term competitiveness.

“We are excited to collaborate with industry leader Qualcomm Technologies. This important step for Infinix advances our mission for a tailored user experience through in-depth hardware-software integration, utilizing Snapdragon platforms and technologies to deliver greater innovation and quality for customers globally,” says Tony Zhao, CEO of Infinix.

“We are thrilled to collaborate with Infinix as we work together to bring industry-leading Snapdragon technologies to more mobile users worldwide. Expanding Snapdragon integration into Infinix’s mobile portfolio marks an exciting milestone—one that highlights our shared commitment to delivering breakthrough innovation, elevated performance, and more seamless user experiences,” said Chenwei Yan, SVP of Product Management, Qualcomm Technologies, Inc.

With that, Infinix officially announces the upcoming launch of the NOTE 60 SERIES, the brand’s flagship showcase co‑created with leading partners to deliver breakthrough performance, design, imaging, and audio‑visual experiences powered by Snapdragon technology.

Hashtag: #Infinix

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

LiveNews: https://livenews.co.nz/2026/02/11/correcting-and-replacing-infinix-to-deliver-industry-leading-performance-with-snapdragon-platforms/

Republic of Singapore Yacht Club Celebrates 200 Years of Heritage with Bicentennial Charity Gala, Raising Over S$320,000 for The President’s Challenge

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 11 February 2026 — The Republic of Singapore Yacht Club (RSYC) marked its 200th anniversary (#RSYC200) with a Bicentennial Charity Gala Dinner on Saturday, 7 February 2026, at the club’s Nautica Ballroom.

Ceremonial cake-cutting by President Tharman Shanmugaratnam, Minister for Education and MP for West Coast–Jurong West GRC Mr Desmond Lee, RSYC Commodore Balakrishnan B, RSYC Vice Commodore James Yeo, and RSYC committee members

The milestone event was graced by President of the Republic of Singapore, Tharman Shanmugaratnam and attended by over 130 guests, including club members, sponsors and distinguished guests, raising funds in support for the wider community.

Bicentennial Milestone Ceremony

Founded in 1826, RSYC commemorated 200 years of rich heritage through an evening reflecting tradition and a longstanding commitment to service, tracing its journey alongside Singapore’s seafaring story as it evolved into a distinctly Singaporean and multicultural institution.

The programme opened with a Bicentennial tribute video, followed by welcome remarks by the Commodore of RSYC Mr Balakrishnan B. In honour of the club’s enduring legacy of service, fellowship and contribution to the wider community, President Tharman officiated the unveiling of the RSYC Bicentennial Plaque and the ceremonial cake-cutting, joined by Mr Desmond Lee, Minister for Education and MP for West Coast–Jurong West GRC, RSYC Commodore Mr Balakrishnan B and other members of the RSYC Committee.

The gala also marked the opening event of RSYC’s year-long bicentennial programme, designed to drive member engagement through a series of sporting and social activities held throughout 2026 (refer to Appendix for full list of #RSYC200 events in 2026), and brought together significant figures who have shaped the club across generations.

This included Mr Edward Wong, Managing Director of AWP Pte Ltd and architect of the RSYC’s current clubhouse following the club’s relocation to its present premises in 1999, as well as Mr Francis Lee, RSYC’s first Singaporean Commodore (appointed in 1985) who played a pivotal role in redefining RSYC as a national club with an international membership, while championing initiatives that strengthened sea sports development, professional training and the preservation of the club’s history.

Charity Auction in Support of President’s Challenge

The highlight of the evening was a charity auction, featuring a curated selection of rare and exclusive items, including a one-of-a-kind RSYC Bicentennial Commemorative Pure Gold Coin, limited-edition Bicentennial Pure Silver Coins, and a rare 60-year-old Martell Cognac — one of only 12 in the world — presented in a Baccarat crystal decanter.

RSYC raised a grand total of S$326,692 through the gala dinner and auction, and all proceeds were directed towards The President’s Challenge 2026A national movement launched in 2000 by RSYC’s former Patron, the late President S R Nathan, to rally Singaporeans in building a more caring and cohesive society, and to support communities in need.

Later in the evening, a cheque presentation was held in the presence of President Tharman, Mr Desmond Lee, RSYC Commodore Balakrishnan B, and members of the RSYC Committee, followed by a post-dinner heritage exhibition showcasing key milestones from the club’s long and distinguished history.

As a token of appreciation, all attendees were presented with a specially produced RSYC Bicentennial commemorative gold-plated coin, to mark the historic occasion.

“As we mark 200 years of the Republic of Singapore Yacht Club, this bicentennial milestone reflects our enduring maritime heritage and the values that have shaped the club over many generations. We are honoured to commemorate this historic occasion through a meaningful initiative in support of The President’s Challenge, reaffirming RSYC’s long-standing commitment to contributing positively to Singapore’s community,” said Commodore Balakrishnan B, Republic of Singapore Yacht Club.

Looking ahead, the Republic of Singapore Yacht Club will continue to build on its heritage as a premier institution, honour its seafaring legacy, and chart its next chapter for centuries more to come, through milestone occasions and activities that contribute meaningfully to national causes and Singapore’s future.

The Bicentennial Charity Gala was made possible with the support of Platinum Sponsors: Royal Salute Scotch Whiskey, Martell; Gold Sponsors: Asiatic Fire System Pte Ltd, and Marina Technology and Construction, Nippon Paint and OCBC; as well as Silver Sponsors: AWP Architects, Cloudable Solutions Pte Ltd. and Sindcon. Neo Garden served as the Official Caterer, with Adidas as the Official Merchandiser.

Appendix

#RSYC200 2026 Events

  • 27 March 2026: Back to School Social Night

A nostalgic, adult-themed social evening featuring games, food, and opportunities for members to reconnect

  • 13 June 2026: RSYC Recycled Boat Race

A sustainability-focused team event where participants build and race boats using recycled materials at the RSYC marina

  • 18, 19 & 25 July 2026: RSYC Regatta 2026

RSYC’s annual sailing regatta featuring keelboats competing in passage and short-course races across Singapore’s southern waters

  • 22 & 23 August 2026: RSYC Commodore’s Day 2026

Annual Open House and celebration welcoming members and the public, featuring water sports, carnival activities, food offerings, and the introduction of new Committee Members

  • 19 & 20 September 2026 (Silver Fleet) and 26 & 27 September 2026 (Gold Fleet): Optimist Knockout Championship 2026

A youth sailing championship organised by RSYC under the auspices of the Singapore Sailing Federation

  • 9 October 2026: RSYC Beerfest 2026

An evening festival featuring international beers, food, music, and interactive games

  • 18 October 2026: RSYC Fishing Tournament 2026

RSYC’s annual fishing competition bringing together fishing enthusiasts from across Singapore

  • 14 November 2026: RSYC Charity Cruise 2026

A community-focused charity initiative bringing volunteers and sponsors together in support of a meaningful cause

  • 4 & 5 December 2026: Christmas & Boat Light-Up 2026

A festive weekend featuring carnival activities, a holiday market, and the Christmas Boat Light-Up Parade

  • 31 December 2026: New Year’s Eve Countdown Party

A year-end celebration to welcome the New Year with music, festivities, and fellow members and guests

https://rsyc.org.sg/
https://sg.linkedin.com/company/republic-of-singapore-yacht-club
https://www.facebook.com/rsyc.sg/
https://www.instagram.com/rsycsg/

Hashtag: #RSYC200 #RepublicofSingaporeYachtClub

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

LiveNews: https://livenews.co.nz/2026/02/11/republic-of-singapore-yacht-club-celebrates-200-years-of-heritage-with-bicentennial-charity-gala-raising-over-s320000-for-the-presidents-challenge/

Customers upset as NZ designer stops making plus-sized clothes

Source: Radio New Zealand

Augustine has become one of New Zealand Facebook’s favourite fashion brands, known for its bright, floral and sparkly pieces. Supplied / Augustine

Women’s clothing brand Augustine’s decision to pull back from bigger sizes is a sensible compromise to find efficiencies, one retail expert says.

Founder Kelly Coe told her followers that she will only offer size eight to 16 in future.

She said over the 18 years she had been in the retail industry she had designed and produced thousands of styles “and over the years have tried to cater to everyone”.

“I wanted to be here for every single NZ woman who loves clothes, and I gave that a damn good shot. But the truth is, I am just one designer, who owns a small NZ business and I can’t please everyone and I can’t cater to all of you. So it has come to a point where we decided not to.”

The brand previously offered Stella Royal, a range that went to size 22. It ended that line and extended its other items to size 20 but recent collections have only run to size 16.

“We tried for years to dress our curvy babes and in the end we just get left with so much stock that ends up in our outlet store, it’s just not sustainable,” Coe wrote.

“I know sometimes online it looks like the larger sizes have sold out but usually that’s because we only had a few to start with in that size. Also when we order seven or eight sizes instead of five, our minimums to our factory double, creating way too much of one style. Our bestselling sizes are eight to 16 so as a business decision we have decided to only do these sizes.”

It has been a topic of discussion among Augustine fans online.

“This is genuinely upsetting and disappointing. It’s not about expecting you to please everyone, but about the sadness of no longer feeling included after being loyal customers for so long,” one wrote.

“I have been trying hard to continue supporting NZ businesses, which makes this feel even harder.”

Another said she wore Augustine clothes almost every day.

“It helped me feel safe after breast cancer and treatment, confident in new jobs and blessed me with new friends. That’s pretty amazing thing for ‘just’ a piece of clothing to do, and I am so grateful to you for that. And while I completely accept and understand your business decision, I feel a sense of grief for what I have lost.”

Retail expert Chris Wilkinson said the decision makes sense.

“This is a situation that plays out for all clothing brands in terms of needing to find efficiencies and stop profit leakages to remain sustainable. It’s probably been more visible in Augustine’s case because the brand does have such a strong following some of their loyal customers will be upset that they won’t be able to continue buying the product.

“Augustine’s bright colour ways and contemporary styles have a distinct following and there are few comparatives, meaning the faithful outside of the core size ranges will have to consider options not necessarily with the same vibrancy and styling that they have loved.

“While understandably challenging for some people, it’s better they make this move now before slow moving lines compromise its ability to continue supporting the needs of the majority of its customers.”

He said making a range of sizes could be more expensive.

“It adds complexity as suppliers need to setup for each size and will likely have minimum order requirements. If they don’t reach those, then the products will be more expensive which the supplier either has to absorb or charge extra for – a situation that would surely compromise goodwill.”

Some customers questioned what they should do with gift vouchers if there were not likely to be any new garments in their size.

Consumer NZ said they would not have many options.

“They may be able to sell their vouchers to someone else or see if the business is willing to provide a refund.”

Plus-size writer and influencer Meagan Kerr said it was a tough retail environment for many brands.

She said there seemed to be a wider shift away from earlier efforts by brands in New Zealand and around the world to be more inclusive.

Kerr said, if the most popular sizes were eight to 16, it could be because of how they were marketed.

“There will be a lot of people who are really sad because people who like their brand really like their brand. They’ve got a lot of people who are brand advocates so if they make clothes that are your style and you don’t know where to find an alternative now that they’re not making them, I can understand why people would be upset about that.”

Augustine has been approached for comment.

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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/2026/02/11/customers-upset-as-nz-designer-stops-making-plus-sized-clothes/

BusinessNZ – Amid tough energy decisions, LNG plan has potential

Source: BusinessNZ

The Government’s announcement that it will proceed with the procurement of an LNG terminal has the potential to lower the extreme electricity prices NZ experiences in a dry year when the lakes are low, the BusinessNZ Energy Council (BEC) says.
Director of Advocacy Catherine Beard says the economic analysis indicates a net benefit to all electricity consumers, including industrial and commercial energy users.
“BEC supports steps made to increase security of supply, and the greater energy security provided by adding another fuel source to the mix is welcome. But it is regrettable that this decision has had to have been made.
“There are no easy choices to get through the energy transition from declining natural gas supplies to renewables. In the current context, LNG appears to have been the necessary course of action.
“As everyone is finding out the hard way, energy is not ‘a nice to have’ but a critical service that enables economic activity and social wellbeing. Without reliable and affordable energy, growth and investment stall.”
Beard says the risk of de-industrialisation in New Zealand is real without policy certainty and strategic direction required to unlock investment in new supply. 
“A comprehensive energy strategy is essential to give the sector clarity and ensure long-term affordability and reliability.
“BEC has long called for such a strategy, one with bi-partisan support. We cannot lurch from pillar to post on the future of energy, with every change of Government. Energy is a fundamental need for a functioning economy and healthy society, and we need to plan for a successful supply of energy with a regulatory environment that gives predictability and encourages investment.
“We look forward to the Government releasing more information as the procurement process moves forward.”
The BusinessNZ Network including BusinessNZ, EMA, Business Central and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/11/businessnz-amid-tough-energy-decisions-lng-plan-has-potential/

Winston Peters denounces Israel for expanding control over occupied West Bank

Source: Radio New Zealand

Winston Peters says Israel’s decision is a ‘major setback for any chance at a two-state solution’. RNZ / Mark Papalii

The foreign minister has denounced Israel for expanding control over settlements controlled by Palestinians in the West Bank.

The measures passed by the Israeli security cabinet also pave the way for more settlements in the occupied territory.

Posting on social media, Winston Peters says Israel’s decision was a ‘major setback for any chance at a two-state solution’.

He says the International Court of Justice was clear Israel’s continued presence in the West Bank is unlawful, and it should reverse course immediately.

His criticism joins that of the United States, Britain, the European Union and a number of Arab nations.

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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/2026/02/11/winston-peters-denounces-israel-for-expanding-control-over-occupied-west-bank/

XTransfer Joins Forum Ekonomi Malaysia 2026

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 11 February 2026 – XTransfer, the world’s leading B2B cross-border financial platform, was honoured to be invited to join the Malaysia Economic Forum (Forum Ekonomi Malaysia 2026).Bill Deng, Founder and CEO of XTransfer, shared insights on how Malaysia can accelerate technology application and innovation to help micro, small and medium enterprises (MSMEs) scale exports under the 13th Malaysia Plan (13MP), during FEM 2026’s panel discussion, “Made by Malaysia: Accelerating Technology Applications & Innovation”.

Bill Deng (second from the right), Founder and CEO of XTransfer, joins as a speaker at Forum Ekonomi Malaysia 2026.

Bill was honoured to join YB Tuan Liew Chin Tong, Deputy Minister of Finance of Malaysia, and Mr Ooi Ching Liang, Senior Director of Engineering at SkyeChip, for a discussion focused on strengthening high-growth, high-value industries, advancing R&D commercialisation, increasing productivity and competitiveness, and supporting MSMEs in global value chains.

Drawing on XTransfer’s work with MSMEs across markets, Bill noted that many Malaysian businesses are “able to export,” but face persistent barriers to scaling exports. The most common issues are trust, compliance, and scale, which often surface as payment delays, repeated documentation requests, FX uncertainty, and working capital pressure as orders grow.

“For B2B SMEs in foreign trade, the biggest constraint isn’t demand. It’s the operational complexity behind cross-border payments, foreign exchange, and compliance,” Bill said. “In particular, AML requirements can be difficult for both traditional banks and SMEs to manage efficiently, creating friction that slows down legitimate trade.”

Bill highlighted a structural shift in global trade flows from a single dominant corridor to non-U.S., intra-Asia, and broader South–South routes. This trend is increasingly clear in real SME transaction patterns. Bill shared, “In 2025, XTransfer’s average collection amount from Asia, Africa, and Latin America grew by 106% year-on-year, with Africa exceeding 270%, Latin America reaching 94%, and ASEAN reaching 82%.” YB Liew noted the trend and thinks it is a direction Malaysia should pursue.

XTransfer also said it plans to establish Malaysia as its regional compliance centre, citing Malaysia’s strong geographic and time-zone advantages, a mature regulatory environment, availability of talent in compliance and risk operations, and cost efficiency. “Malaysia gives us the talent, governance environment, and regional proximity to scale compliance as intra-Asia and emerging-market trade accelerates,” Bill added.

https://www.xtransfer.com
https://www.linkedin.com/company/xtransfer.cn
https://x.com/xtransferglobal
https://www.facebook.com/XTransferGlobal/

Hashtag: #XTransfer #Malaysia #SMEs #13MP #FEM2026

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/2026/02/11/xtransfer-joins-forum-ekonomi-malaysia-2026/

CGTN: Little Chinese New Year opens big window to China’s soul

Source: Media Outreach

BEIJING, CHINA – Media OutReach Newswire – 11 February 2026 – As China marks Xiaonian, or Little Chinese New Year, there is growing evidence of its ancient traditions evolving into global lifestyle trends. CGTN published an article analyzing how this prelude to the Year of the Horse – from the folk ritual of “sweeping the dust” to the cross-cultural fusion of the Spring Festival Gala – illustrates China’s growing global cultural resonance.

As the lunar calendar turns its final pages, China enters a period of joyful anticipation known as Xiaonian, or Little Chinese New Year. Often celebrated as the Festival of the Kitchen God, it marks the official start of the “busy year” – a traditional term for the intense, joyful period of preparing food, cleaning homes, and shopping for the upcoming Spring Festival.

The Spring Festival is a deeply significant time for family reunion. In 2024, UNESCO inscribed the “Spring Festival, social practices of the Chinese people in celebration of the traditional Chinese New Year” onto the Representative List of the Intangible Cultural Heritage of Humanity.

While daily routines continue to evolve, they remain anchored in rituals that provide a sense of normalcy and meaning. It is perhaps no wonder that in a climate of uncertainty, traditional Chinese lifestyles are finding a new audience beyond the country’s borders, with the Spring Festival chief among those unique traditions that are fast becoming a shared human experience.

Diverse traditions, shared aspirations

In a prelude to the broader celebrations, Xiaonian, observed on February 10 and 11 this year, kickstarts a focused period of preparation. According to ancient lore, families offer Zaotang, or sticky “Kitchen Candy,” to the Kitchen God to ensure he delivers a favorable report on the household’s conduct before he ascends to the heavens. This lighthearted tradition marks the beginning of several symbolic rituals aimed at welcoming a fresh start.

A key element of this transition is donning new clothes. In Chinese culture, the New Year represents a moment when “all things are renewed,” and wearing new garments symbolizes shedding the “dust” or misfortunes of the past to embrace auspicious energy for the year ahead. Alongside this personal renewal, families nationwide engage in “sweeping the dust,” a deep-cleaning ritual to purify the home and prepare it for new blessings.

Whereas these practices are universal, celebratory flavors vary by geography. In the north, families traditionally gather over steaming plates of dumplings, whereas in the south, the menu often features sweet rice cakes (Niangao) and glutinous rice balls (Tangyuan).

As Mao Qiaohui, a researcher at the Institute of Ethnic Literature at the Chinese Academy of Social Sciences, explains, these variations highlight the inclusive nature of Chinese civilization.

“Although folk customs differ between different regions across China, this diversity reflects the cultural pluralism within the Spring Festival tradition,” she notes. “Different regional identities contribute to a shared pursuit of harmony and reunion.”

The vitality of these traditions is also evident in local craftsmanship. In northern regions like Shandong and Henan, artisans are currently making Huamo, decorated steamed buns, featuring horse designs for the upcoming zodiac year. Meanwhile, in Shuozhou, Shanxi Province, intangible heritage inheritors are carving spirited stallions onto traditional gourds. These creations reflect the regional diversity of the festival and a collective desire for progress in the year ahead.

Cultural dialogue: From global stage to daily life

The festive atmosphere is reflected further in preparations for the Spring Festival Gala (Chunwan), produced by China Media Group.

Recent rehearsals show performances meshing traditional Chinese culture with international artistry. One performance piece combines the wooden clog dance of the Hani and Lisu ethnic groups with the rhythmic tap of Spanish Flamenco and Hungarian folk dance. And with global stars like Jackie Chan and Lionel Richie on the bill, the Gala’s stage is set to become a stage for the world to come together.

The reach of the gala has expanded far beyond a domestic audience. Through the “Spring Festival Gala Prelude” events held in the United States, Russia, France, Italy, and several African nations, the program has become a gateway to Chinese New Year customs and cultural exchange.

This interest extends beyond art and into the lives of people worldwide, as seen in the #BecomingChinese trend. This phenomenon features international social media users adopting elements of Chinese daily life – such as keeping a thermos of hot water handy, wearing quilted indoor slippers or practicing mindful movement with Baduanjin exercises.

The festival is no longer a distant event but a gateway to Chinese lifestyle, rooted in ancient wellness wisdom and constantly updated by modern convenience, and the first step to a journey of exploration into a culture that values ritual, safety and hospitality.

Whether through global broadcasts or shared daily habits, the Spring Festival increasingly strengthens a sense of cultural empathy between China and the rest of the world.

For more information, please click here:

https://news.cgtn.com/news/2026-02-10/Little-New-Year-opens-big-window-to-China-s-soul-1KEhJjMX2fe/p.html

Hashtag: #CGTN

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/2026/02/11/cgtn-little-chinese-new-year-opens-big-window-to-chinas-soul/

De Beers Group and Assouline Celebrate the Launch of “A Diamond Is Forever: The Making of A Cultural Icon 1926-2026”

Source: Media Outreach

LONDON, UK – Media OutReach Newswire – 11 February 2026 – In the 1930s, De Beers redefined the role of diamonds in society, celebrating them as masterpieces of nature and craftmanship. Before this, diamond jewelry pieces were treasures exchanged discreetly amongst society’s elite, as luxury houses, fearful of diminishing their mystique, fostered only private relationships with their clients. De Beers revealed the wonder of diamonds to a wider audience, shifting the perception of them from luxury item to a gift integral to romantic milestones and aspirational, glamorous lives, as well as a way of marking personal achievement.

De Beers Group And Assouline Celebate The Launch Of “A Diamond Is Forever: The Making Of A Cultural Icon 1926-2026”

When copywriter Frances Gerety captured the diamond’s essence with the phrase “A Diamond Is Forever” in 1947, the declaration enshrined the diamond as a promise of love and endurance, a sentiment resonating far beyond the notion of a simple gift. Gerety’s words, seen on archival advertisements, magazine placements, and celebrity endorsements, reflected the deep cultural connection between diamonds and enduring relationships. Commissioned artwork from artists such as Pablo Picasso, Salvador Dalí, and Raoul Dufy draw a direct line between a diamond’s rarity—each one formed deep within the earth over billions of years—and the creative genius of fine art. By sharing these artistic visions with the world, De Beers revealed the wonder of diamonds—nature’s oldest treasure—to a wider audience, elevating their aura and allure while preserving the sense of rarity and significance that sets them apart.
For a century, the story of diamonds has been one of transformation and continuity. In the 1960s, stars like Elizabeth Taylor and Marilyn Monroe adorned themselves with diamonds, embodying the elegance and glamour associated with the gemstone. The 1990s “Shadows” campaign, with its evocative pairing of diamonds and the neoclassical composition Palladio by Karl Jenkins, captured the essence of the diamond: authentic, unique, and everlasting.
In recent years, the conversation around diamonds has expanded to include provenance, sustainability, and ethical stewardship, affirming the diamond’s place as a symbol not just of love but of responsibility and conscience. Much like walking through a gallery that traces the evolution of artistic expression, A Diamond Is Forever offers a view into how diamonds have come to embody the shifting ideals and aspirations of society itself.

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https://www.linkedin.com/company/debeersgroup/posts/?feedView=all
https://www.facebook.com/DeBeersGroupOfCompanies
https://www.instagram.com/debeersgroup/

Hashtag: #DeBeersGroup #NaturalDiamonds #diamonds #ADiamondIsForever #Assouline

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/2026/02/11/de-beers-group-and-assouline-celebrate-the-launch-of-a-diamond-is-forever-the-making-of-a-cultural-icon-1926-2026/

Point Hope Releases Research on AI Adoption and the Durability of Incumbent Businesses

Source: Media Outreach

SINGAPORE / KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 11 February 2026 – Point Hope, a local investment firm, has published a new research note examining the implications of accelerating artificial intelligence (AI) investment, infrastructure constraints, and evolving competitive dynamics within equities markets.

The research addresses two dominant concerns currently shaping investor sentiment. The first is whether AI will disrupt incumbent businesses, particularly in capital-light software sectors. The second relates to whether physical constraints — especially power generation, permitting, and grid capacity — may slow the rollout of AI infrastructure and temper expectations embedded in current market valuations.

According to the firm’s analysis, both concerns warrant careful consideration. Power generation remains capital-intensive and time-consuming, suggesting that AI deployment is likely to progress unevenly rather than in a linear fashion.

At the same time, the scale of capital investment underway is unprecedented. Large technology companies have outlined plans for an estimated US$600–700billion of AI-related capital expenditure in 2026, with a significant portion directed toward data centres, chips, servers, and supporting infrastructure. These commitments reflect their belief that AI will become a core input across the global economy.

The research argues that for equity investors, the more consequential question is not whether AI adoption will continue, but how it will reshape competitive advantage among incumbent businesses.

Recent market volatility has highlighted increasing scepticism toward established software companies, particularly those operating capital-light, subscription-based models. However, Point Hope cautions against assuming widespread displacement. Large software incumbents that possess entrenched enterprise relationships, network effects, and proprietary data, are likely to also have high switching costs for their customers, particularly in regulated or mission-critical environments.

Furthermore, the research notes that technological adoption does not necessarily imply wholesale reinvention. In many cases, AI is expected to reinforce incumbents’ competitive positions rather than undermine them.

This durability-focused perspective underpins Point Hope’s long-term equity investment approach, which emphasises resilience to disruption, cash-flow generation, and the ability to compound value across market cycles.

“We view earnings and cash-flow durability as the ultimate arbiters of value,” says Guan Zhen Tan, Chief Investment Officer of Point Hope. “That perspective encourages patience during periods when market narratives move faster than fundamentals.”

Point Hope’s research concludes that while markets will ultimately resolve these questions through earnings releases in the coming months, periods of heightened narrative-driven volatility may reward patient investors willing to prioritise fundamentals over short-term themes.

https://www.pointhopegroup.com/
https://www.linkedin.com/company/point-hope/posts/
https://x.com/AnchorGenAssets

Hashtag: #PointHope

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/2026/02/11/point-hope-releases-research-on-ai-adoption-and-the-durability-of-incumbent-businesses/

More work rolls in for small- and medium-sized businesses

Source: Radio New Zealand

Small- and medium-sized businesses SMEs are handling more work than usual. 123RF

Small- and medium-sized businesses SMEs are handling more work than usual, with nearly 40 percent reporting an increase in levels normally expected in the first quarter, according to a recent survey of more than 500 businesses.

The first quarter survey by accounting software firm MYOB indicates a quarter of SMEs had less work than usual in the pipeline, though there was an increase in the number expecting an increase in trade over the first three months of 2026.

Several key sectors, including 38 percent of manufacturing SMEs, 37 percent of retail businesses and 33 percent of the construction and trades businesses surveyed reported an increase in orders or work commissioned before the end of March.

MYOB chief customer officer Dean Chadwick said many SMEs were still navigating uneven demand and ongoing cost pressures, though the survey results suggested business activity for the new year had started on firmer footing.

“SMEs ended 2025 with largely steady trading conditions in the final few months of the year, though performance varied across the sector,” he said.

“While more than a quarter of businesses exceeded their sales expectations and most met their forecasts, a quarter saw a softer-than-predicted performance.”

The survey indicated SMEs were moving on their own spending plans, with 44 percent of those surveyed planning to bring forward deductible business purchases on things like supplies or equipment, before 31 March.

“We know from our research at the end of last year that many local businesses are planning to take advantage of the Investment Boost to maximise business investment this year,” he said.

“We can also see from the latest data that businesses are making good on the growth ambitions they signalled at the end of last year – not only seizing opportunities to increase sales before the end of the financial year, but also upping their own spending on plant, supplies and equipment to boost their operations.”

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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/2026/02/11/more-work-rolls-in-for-small-and-medium-sized-businesses/

Independent review of Covid-19 monetary policy

Source: New Zealand Government

The Government has instigated an independent review of New Zealand’s monetary policy response to the Covid-19 pandemic.

Finance Minister Nicola Willis says the purpose of the review is to identify any lessons New Zealand could learn to improve the monetary policy response to future major events.

“An independent review means the conclusions found can be objective and constructive.

“The Reserve Bank of New Zealand took unprecedented action in response to the Covid-19 pandemic. This included reducing the Official Cash Rate to 0.25 per cent, and the use of additional monetary policy tools, including a Large Scale Asset Purchase (LSAP) programme.

“These actions helped to preserve jobs and keep businesses afloat, but the indirect impacts included decades-high inflation, and losses of about $10.3 billion on the LSAP programme and a significant spike in asset values with house prices increasing 30 per cent in one year.

“The purpose of the review is to learn from experience. It will focus on decisions by the Monetary Policy Committee (MPC), and analysis provided by the Reserve Bank to support those decisions. This includes MPC decision making and communication, the use of additional monetary policy tools, and the coordination of monetary and fiscal policy.”

Monetary policy experts Athanasios Orphanides and David Archer have been appointed to conduct the independent review.

Dr Orphanides is a former governor of the Central Bank of Cyprus and member of the Governing Council of the European Central Bank, and a professor of the Practice of Global Economics and Management at the Massachusetts Institute of Technology. 

Mr Archer is a former Reserve Bank assistant governor and former head of the Central Banking Studies Unit at the Bank for International Settlements. 

The review is expected to be completed in August 2026 and publicly released in September 2026.

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/11/independent-review-of-covid-19-monetary-policy/

ASB Bank posts $765 million half-year profit

Source: Radio New Zealand

RNZ / Marika Khabazi

ASB Bank has reported a flat half-year profit as higher expenses offset higher improved lending and margins.

Key numbers for the six months ended December 2025 compared with a year ago:

  • Net profit $765m vs $763m
  • Cash profit $719m vs $714m (excludes one-offs)
  • Total income $1.84b vs $1.78b
  • Operating expenses $839m vs $695m
  • Bad debt provisions $3m vs $17m
  • Net interest margin 2.35% vs 2.29%

The bank’s profit showed improvement in key areas of increased lending, larger margins, and improved income, but was balanced by a significant rise in expenses because of the settlement of the a class legal action over credit disclosures.

Chief executive Vittoria Shortt said the bank was seeing signs of economic improvement and that was flowing through into business.

“We are seeing more confidence in the economy, supported by lower interest rates and good export earnings in key sectors.”

“This is evident in the uptick we’ve seen in business lending, with more lending growth across small business, commercial and rural this half than in the previous financial year,” Shortt said.

Overall lending rose 6 percent to $118.7b, with housing loans up 8 percent, and rural and business lending 4 percent.

Total customer deposits rose 5 percent.

Banks have been competing for market share in the housing market, amid falling interest rates and large numbers of borrowers refixing their mortgages.

Net interest income – the difference between what the bank borrows at and charges for loans – increased 8 percent, while net interest margin, regarded as a measure of profitability, rose six basis points to 2.35 percent because of timing effects from interest rate hedges.

The amount set aside for bad and doubtful debts fell to $3m from $17m.

Expenses surge on case settlement

ASB’s operating expenses surged 21 percent to $839m, mostly because of the $135.6m out of court settlement of a class legal action brought by former consumer for alleged breaches of credit disclosure rules.

ASB never accepted liability, but said the settlement was a “pragmatic” way to settle the issue.

Shortt said ASB had spent more on improving its anti-scam defences and engaging with affected customers.

She said the bank, owned by Australia’s CBA, was also improving its technology to simplify its processes and offer better products to customers, as well as advance its own lending for social housing and business technology investment.

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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/2026/02/11/asb-bank-posts-765-million-half-year-profit/

Banking – ASB half year result: Supporting our customers for long-term prosperity

Source: ASB

ASB has reported a cash net profit after tax (NPAT) of $719 million for the six months to 31 December 2025, up 1% on the prior comparative period.  Statutory NPAT was $765 million.

Since December 2024, home lending has grown 8%, while business and rural lending grew by 4%.  Total customer deposits increased by 5%.

Net customer margins remain flat, reflecting higher home lending margins and lower deposit margins.  Net Interest Margin (NIM) was up 6 basis points driven by higher earnings due to timing effects from interest rate hedges.

ASB KiwiSaver Scheme funds under management grew by more than $1.7 billion to more than $20.6 billion, thanks to continued strong returns to customers and top quartile performing funds.[1]  Collectively, ASB Group Investments manages more than $31 billion for investors across its range of five products.

Operating expenses were $839 million, an increase of 21% largely driven by the settlement of the Credit Contracts and Consumer Finance Act 2003 class action proceedings, and investments in people, technology modernisation, digital experience and regulatory compliance.

Chief Executive Vittoria Shortt says “While the geopolitical outlook remains uncertain, we are seeing more confidence in the economy, supported by lower interest rates and good export earnings in key sectors.  This is evident in the uptick we’ve seen in business lending, with more lending growth across small business, commercial and rural this half than in the previous financial year.

“We remain well positioned to support our personal and business customers as they continue to tackle higher costs, navigate volatility or transition to growth.”

Investing in our customer experience

“We continue to make significant investments so customers choosing to bank with ASB have a simple and modern experience, where they feel informed and confident about making important financial decisions and safer knowing we actively seek to protect them from fraud and scams.

“Through our technology modernisation we are simplifying the way we work and the services we provide, removing overlap and complexity and offering products that might better suit our customers’ changing needs.

“We have a focus on service excellence and meeting customers’ expectations of faster and simpler processes, with quicker decisions on their home loan applications.  Building on our capability for single home loan applications to be started digitally through the ASB Mobile App, in November we extended this functionality to include joint home loan applications.  Customers can track the progress of their application and view indicative pricing in the ASB Mobile App, so they remain informed at every step.”

Further customer protections

“Fraud and scams remain an issue for New Zealand, and we continue to seek to make banking with us safer with enhanced customer protections against economic crime.

“We are now able to share data between banks related to digital fraud and money mule activity through the Fraud Reporting Exchange and New Zealand Data Exchange.  We remain available to assist customers 24/7 on our 0800 ASB FRAUD line.”

 Investing in New Zealand

“While we’ve seen business lending growth pick up, with increases across agricultural and property lending, for long-term prosperity New Zealand needs to become more productive.

“We are backing business customers to boost their productivity using artificial intelligence and technology in partnership with the New Zealand Product Accelerator and universities.  Following a successful pilot, the programme is being scaled up this year to match up to 100 ASB business customers with AI, business analytics and data science masters’ students to work on their business.

“We are continuing to show up for rural New Zealand with offerings to help with transformation and succession through our Every Hectare Matters programme, and reduce costs with ASB’s Smart Solar 0% lending to assist the switch to renewable, resilient energy.  We are supporting the future of the dairy industry and empowering the next generation of farmers towards the goal of farm ownership with financial support and expertise in partnership with the New Zealand Dairy Industry Awards and Fonterra.

“These initiatives are highly valued by the rural sector, as a result we have grown our rural lending more than any other bank in the 12-months to September 2025.[2]

“Long-term prosperity also requires that we have enough housing to support our growing population and easier access to more affordable housing solutions.  We have doubled our commitment to $1 billion to accelerate the development of social and affordable housing and the long-term delivery of thousands of new homes.  To date we have committed $517 million for social and affordable housing, and this half we committed nearly $50 million to a Māori social housing provider in Tāmaki Makaurau to deliver more than 150 homes.”

Saving for the future

“Regular savings provide a pathway to long-term financial wellbeing and broader economic resilience for Aotearoa.

“We have put a lot of effort into the ASB Investment Funds and the ASB KiwiSaver Scheme so we can offer competitive investment options for customers.  We have multiple top performing KiwiSaver funds with low fees, and this is a powerful combination that can make a big difference for our nearly half a million ASB KiwiSaver Scheme members who stand to benefit when purchasing a first home and/or in retirement.

“We remain focused on how we can help tamariki build financial literacy and early savings habits.  In November, we reintroduced our Kashin moneybox to celebrate ASB’s 150 years of supporting Kiwi kids to get one step ahead with money.  We’ve seen a notable increase in the opening of new Headstart accounts, helping children to start their savings journey.  We continue to support the delivery of financial education nationwide with nearly 45,000 students participating this half in our GetWise and Tikitiki o Pūtea programmes in schools.”

 

[1] ASB KiwiSaver Scheme Conservative, Moderate, Balanced and Growth funds are in the top quartile for 12-month performance to 31 December 2025, Morningstar KiwiSaver Survey (Dec 2025).

2 RBNZ quarterly release, 12-months to September 2025.

 

Income Statement ($ millions)

 

 

 

 

 

For the half year ended 31 December

2025

2024

Dec 25 vs Dec 24 %

 

Net interest income

1,602

1,471

9

 

Other operating income

233

233

 

Total operating income

1,835

1,704

8

 

Operating expenses

(839)

(695)

21

 

Operating performance

996

1,009

(1)

 

Loan impairment expense

(3)

(17)

(82)

 

Net profit before tax

993

992

 

Corporate tax expense

(274)

(278)

(1)

 

Cash net profit after tax (“Cash profit”1)

719

714

1

 

 

 

 

 

 

Reconciliation of Cash profit to Statutory profit

 

 

 

Cash profit

719

714

1

 

Reconciling items:

 

 

 

 

Hedging and IFRS volatility2

7

(7)

large

 

Notional inter-group charges3

53

71

(25)

 

Reporting structure differences4

6

6

 

Tax on reconciling items

(20)

(21)

(5)

 

Net profit after tax (“Statutory profit”)

765

763

 

 

 

 

 

 

Performance indicators (cash basis)

 

6

 

Net interest margin (%)

2.35

2.29

6 bpts

 

Return on assets (%)

1.0

1.1

(10) bpts

 

Operating expenses to total operating income (%)

45.7

40.8

490 bpts

 

Return on average total equity (%)

12.0

12.6

(60) bpts

 

 

 

 

 

 

Statutory Balance Sheet ($ billions)

 

 

 

 

As at 31 December

2025

2024

Dec 25 vs Dec 24 %

 

Advances to customers

118.7

111.6

6

 

Total assets

139.7

131.9

6

 

Deposits and other borrowings

94.5

94.8

 

Total liabilities

127.4

120.5

6

 

 

 

  1. Cash profit reflects the Banking Group’s underlying operating results and excludes items that introduce volatility and/or one-off distortions which are not considered representative of ongoing financial performance. These items are calculated consistently year on year and do not discriminate between positive and negative adjustments.
  2. Hedging and IFRS volatility includes unrealised fair value gains or losses on economic hedges that do not qualify for hedge accounting and unrealised fair value gains or losses on the ineffective portion of hedges that do qualify for hedge accounting under NZ IFRS. These fair value gains or losses are excluded from Cash profit/(loss) since the asymmetric recognition of the gains or losses does not affect the performance of the Banking Group over the life of the hedge.
  3. This represents the recognition of a notional cost of capital from the ultimate parent and other allocated costs which are not included in Statutory profit. Comparative information (including the tax impact) has been restated to conform to presentation in the current period. As a result, the return on average total equity and operating expenses as a percentage of total operating income have been restated accordingly.
  4. The results of certain business units within the CBA Group are excluded from Cash profit for management reporting purposes but included in Statutory profit.

 

 

 


[1] ASB KiwiSaver Scheme Conservative, Moderate, Balanced and Growth funds are in the top quartile for 12-month performance to 31 December 2025, Morningstar KiwiSaver Survey (Dec 2025).

[2] RBNZ quarterly release, 12-months to September 2025.

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/11/banking-asb-half-year-result-supporting-our-customers-for-long-term-prosperity/

Nearly 40,000 more building products approved

Source: New Zealand Government

Thousands more plumbing and drainage products already used widely in Australia can now be accessed easily by Kiwi tradies and do-it-yourself homeowners.  
 
“The Government is focused on fixing the basics and building a better future for New Zealand, and that means making it easier and more affordable to deliver the homes and public buildings that will ease house prices and lift living standards,” Building and Construction Minister Chris Penk says.  
 
“It’s great to see the Ministry of Business, Innovation and Employment (MBIE) recognise a second tranche of overseas building products certified under the reputable Australian WaterMark scheme, issuing 54 recognition notices that cover around 38,274 products. 

“A first round in October made it easier to bring more than 90,000 WaterMark-approved products onto the market, including tapware, water service products, and sanitary and stormwater drainage products. 

“While these materials are already tried and tested in Australia and familiar to many tradies in New Zealand, Kiwi builders and designers previously had to individually demonstrate that each product met Building Code requirements when applying for consent to use it. 

“By amending the Building Act through the Overseas Building Products Amendment Bill, MBIE can now recognise building products already certified under overseas schemes in comparable countries in the tens of thousands, rather than one at a time.
 
“The granting of these recognition notices means Building Consent Authorities must accept the products as compliant, reducing unnecessary red tape, costs, and delays while allowing a more diverse range of materials to be used. 

“Supply chain shocks and shortages choke building productivity. Better access and greater choice provide industry with more resilience and increases market competition to put downwards pressure on prices for tradies and homeowners. 

“As MBIE continues to review overseas building products under the new law, tradies and homeowners can expect even better access to essential materials, including plasterboard, cladding, windows, and doors.”

Notes to editor:  

  • “Recognition notice” is the official term for approval of an overseas building product or standard by MBIE. 
  • Notices are not a blanket approval for all WaterMark certificates. Only products that have a valid, up‑to‑date certificate listed on a current notice can be used as meeting the required standards. 
  • Recognition notices are now publicly available at www.building.govt.nz, along with a diagram showing how these overseas standards fit within New Zealand’s building regulatory framework. 

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LiveNews: https://livenews.co.nz/2026/02/11/nearly-40000-more-building-products-approved/

Finance Minister promises to release data showing gas plan will lower power bills

Source: Radio New Zealand

Finance Minister Nicola Willis. RNZ / Samuel Rillstone

Finance Minister Nicola Willis has committed to releasing all the calculations which she says show the government’s new gas plan will reduce New Zealanders’ power bills.

The government is pushing ahead with plans to build a new liquefied natural gas (LNG) import facility in Taranaki, funded by a charge levied on electricity companies.

Labour was quick to label the levy a “gas tax” which would be passed on to consumers, driving up power bills.

But speaking on Morning Report’s politics panel on Wednesday morning, Willis said the official advice was that the new facility would provide more energy security, ultimately bringing bills down.

“At the moment, in New Zealand, everyone pays a big risk premium for the fact that everyone is desperately worried that in the days when there’s not enough rain in the lakes and the sun’s not shining and the wind’s not blowing, we do not have enough gas.”

Willis said that risk premium would go down once the plant was built around 2028.

“The advice we’ve received… is that the reduction in the risk premium will far outweigh the cost to the energy generators of supporting the development of the LNG plant.

“We did all the analysis because we wanted to be clear that there would be more benefit than cost – and the analysis is very clear.”

Labour Party energy spokesperson Megan Woods. RNZ / Samuel Rillstone

Responding, Labour’s energy spokesperson Megan Woods said that was “absolute nonsense”.

“This is putting a gas tax on New Zealanders at a time when they’re already struggling with their power bills. The government hasn’t released the modelling. They haven’t shown us the alternatives they looked at.”

Woods said National was scrambling for solutions after cancelling Labour’s whole work programme on affordable energy storage.

“They are going for an expensive option that is going to be… taxed on New Zealanders each and every month, on their power bill, because this government has failed to do the work.

“There’s a reason they didn’t release the modeling yesterday with all the other papers.”

Willis said the government would release that modelling “pretty shortly”.

“But let’s just remember: Labour’s decisions pushed power prices up. Our solution will save Kiwis money,” Willis said.

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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/2026/02/11/finance-minister-promises-to-release-data-showing-gas-plan-will-lower-power-bills/

What’s happening to the future of NZ Post services in New Zealand?

Source: Radio New Zealand

NZ Post is undergoing a change to its services as mail volumes drop. RNZ / Richard Tindiller

Explainer – NZ Post is closing service counters and cutting delivery days. What is the future of mail going to look like?

So, is mail delivery as we know it just going to vanish?

Not so fast, says NZ Post CEO David Walsh, who says the agency is in the midst of a massive transformation in the face of rapidly dropping mail numbers.

“New Zealanders are communicating differently,” he said.

“I think we’ve all experienced that in our personal lives as well, and that change has been going on for quite some years.”

Here’s what you need to know about how NZ post is changing.

What’s happening to NZ Post?

The agency is in the middle of what it’s called “a period of transformation,” shifting its emphasis towards parcel delivery and consolidating many of its services.

In October, the Ministry of Business, Innovation and Employment approved changes to the Postal Deed of Understanding between the Crown and NZ Post, allowing them to change some of their procedures.

The changes approved include:

  • Permitting a minimum frequency of 2 days delivery to urban, PO Box and private bag addresses, or 3 days for rural. The days must be spread throughout the week. Formerly, 3 days per week urban and 5 days rural were required.
  • Allowing a minimum 500 total postal service points, then down to a minimum of over 400 after four years. Previously a minimum 880 points were required.
  • The ability to convert up to 5 percent of delivery points to communal points annually.

For consumers, this boils down to likely fewer delivery days and postal counters.

Deed change doesn’t automatically result in operational change to NZ Post’s services, Walsh has said, but it gives the network more flexibility to make changes.

It announced back in 2024 that it would be gradually combining its two separate mail and parcel networks into one operation.

“For customers – this means your mail and parcels will eventually be delivered by one person, rather than two separate deliveries made by a Postie and a Courier,” Walsh has said.

That’s all basically because mail volumes have dropped dramatically.

Ponsonby Post Office shut down recently, part of a series of closures. Screenshot / Google Maps

How bad has it gotten?

“It wasn’t that long ago we were delivering 700, 800 million mail items a year,” Walsh said. “We think in the next 12 months that could be well under 150 million mail items.”

According to NZ Post’s latest annual report, 158 million mail items were delivered in fiscal year 2025, down from 187m in 2024, while 88 million parcels were delivered, up from 84m in 2024.

“Parcels have grown significantly over the last three or four years, and mail has declined significantly in the same time,” Walsh said.

New Zealand addresses currently receive less than two letters each per week, compared to 7.5 in 2013, a spokesperson told RNZ.

The service has started to move back upwards after heavy losses – after a $56m loss in 2023, there was a $14m loss in 2024, and a $2m loss in 2025, according to their annual report.

The transformation toward parcel delivery is still in progress, Walsh said.

“When and how that happens we’re still progressively working our way through change, but that will depend on where volumes get to over the next few years. It’s too early to say exactly when.

“We believe it’s a good solution to maintain a great mail service.”

Consolidating parcel and mail delivery into one would be more economical, he said.

“Having one person deliver down the street is clearly more efficient than having two, so that is the goal.”

NZ Post will streamline mail and parcel delivery together. NZ Post

So, we’ll get mail less often?

Although the changes to the Deed of Understanding now lets urban delivery be as few as two days a week, that hasn’t happened so far.

“We haven’t moved to twice a week yet, that is still something that will respond to as we see changing demand for mail services,” Walsh said. “If there is a permanent change in frequency we will certainly communicate that in advance.”

It’s hardly a transformation unique to New Zealand. Mail services around the world have been dealing with lower volume and higher costs. Last year, Denmark became reportedly the first country in the world to end its national letter delivery service entirely.

John Maynard of the Postal Workers Union of Aotearoa recently criticised some of the cuts and changes on RNZ’s Midday Report.

“It’s one thing that people will want to use emails over the old traditional mail system, but it’s quite another thing for a state-owned enterprise to act in a manner which consistently undermines people’s confidence in an institution.”

There have been concerns that plans could end letterbox deliveries for some people. Mathyas Kurmann / Unsplash

Could you no longer get mail delivered to your house?

That’s one of the concerns raised by the union to RNZ late last year.

The Deed of Understanding now allows for up to 5 percent of delivery points annually to be changed to communal points – such as a cluster of boxes which service multiple addresses on a street.

Maynard told RNZ the suggestion to stop delivering to individual home letterboxes was “sort of hidden away in the document”.

“Putting the letterboxes in clusters makes it easier for the company to sack all the posties and have them delivered by vans which wouldn’t have to stop at your house, they’d put your mail at the end of the street,” he said.

However, Walsh said, the changes were more geared towards new developments, such as entrances to apartment buildings.

“There is both what the deed permits and what I expect us to continue to do”.

NZ Post also said in a statement, “we do not have widespread plans to move to communal delivery, and customers who currently have an individual letterbox can expect their delivery to continue as normal.”

While the deed does allow for consolidation of some delivery points, Walsh said, “From the perspective of NZ Post, if you’re in urban New Zealand and you have a letterbox outside your house, it’s almost certain we will continue to deliver to your house.”

However, he said NZ Post needs flexibility for new subdivisions or developments in rural areas.

“That will mean that we can continue to offer good service to those areas.

“As more households come on, that’s more points for us to deliver, but every site is having less mail be delivered too, so that makes it incredibly expensive for us to maintain to those new sites being developed.”

The Deed of Understanding says that “Any proposed change requires reasonable notice and community engagement before any conversions.”

The Auckland NZ Post processing centre. Nick Monro

What about my local post shop? Is it closing?

NZ post also announced recently that it would close 142 service counters in convenience stores, pharmacies and libraries around the country, leaving 567 still operating.

Walsh said NZ Post had a “robust process” looking at what services were being used the most and where, when it came time to decide on closures.

“The data I have at the moment is that about around 90 percent of urban New Zealanders will be within 4km of a retail site” once the changes are in effect, he said.

To find out what’s happening in your area see the NZ Post Website list.

NZ Post says it has invested $290 million into infrastructure and automation.

NZ Post has also opened up new retail hubs for sending, collecting and returning parcels in Auckland, with more planned around the country, and five large processing centres.

How will these changes affect people who rely on the post?

The decision to close outlets has upset some smaller communities, who worry about the impact on older customers or those without easy access to alternatives.

Manjit Singh has a postal service in his shop in the rural Waikato town of Te Kauwhata, and told RNZ recently the decision to close it “doesn’t make sense to me at all”.

“Right opposite my shop, there’s an old-age home, and people quite enjoy our service. They will have to go to Huntly or Pukekohe.”

“It’s easy for millennials and younger generations, but older people will really struggle,” Springfield Superette owner Raj Kumar of Rotorua told RNZ recently.

Stuart Dick is the chair of the board at the Magazine Publishers Association and general manager at Are Media which publishes weekly magazines including the New Zealand Women’s Weekly and the Listener.

“It is concerning that NZ Post are neglecting their core service and customers by reducing delivery days,” he said.

“Thankfully there are alternative delivery networks growing to provide some coverage, and the majority of magazines are sold via retail outlets.

“However this does not absolve NZ Post of their core purpose to ‘Deliver what people care about’ which includes the magazine subscriptions that our readers love, along with many other things Kiwis rely on their national postal network to deliver.”

Walsh said NZ Post was aware of those concerns.

“We will continue to work with those senders that have specific time requirements around them. We may not have perfect answers for everyone but we are absolutely committed to working with those senders to see what we can do to support their requirements.”

He said NZ Post’s goal was to make the changes with as little disruption as possible.

“It’s not easy, it’s clearly going to have impacts on some people, but we’re trying to get that balance right.”

Will mail ever go away entirely?

Asked if NZ Post as we know it is just going to vanish entirely at some point, Walsh said it was simply responding to changes in the culture.

“The way New Zealanders communicate, what they choose to receive, is choices that we don’t make, so we are responding to those changes and that’s really what we’re reflecting.”

NZ Post’s pivot to parcels also means it is more directly competing with services such as Aramex and DHL.

“It is a very competitive delivery market out there,” Walsh said.

“I’m proud of how well NZ post both competes and operates. We have made some pretty significant investments over the last few years to make sure we can continue to scale up our parcel and parcel delivery services.”

However, the Postal Union’s Maynard told Midday Report he was still concerned about what the future might hold.

“I think we’re going to see some more reductions in NZ Post services allowed for under the deed. I think this sort of thing will continue, pressure from the government, for NZ Post to cut costs and give the cash back to the government.”

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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/2026/02/11/whats-happening-to-the-future-of-nz-post-services-in-new-zealand/

What does the Air New Zealand flight attendant strike mean for travellers?

Source: Radio New Zealand

Flight attendants working aboard the airline’s Boeing 777 and 787 long range aircraft will stop work on Thursday and Friday after failing to agree on terms over pay and conditions. camfoto/123RF

It is “business as usual” at Air New Zealand despite a number of flight cancellations affecting thousands of passengers as a result of strike action.

Flight attendants working aboard the airline’s Boeing 777 and 787 long range aircraft will stop work on Thursday and Friday after failing to agree on terms over pay and conditions.

Flight Attendants’ Association president Craig Featherby said his members would rather not strike but the union had tried everything to reach a deal with the airline to no avail.

Featherby said an original plan for three days of strike action was reduced to two.

Air New Zealand chief customer and digital officer Jeremy O’Brien told Morning Report it had proactively contacted all customers affected by the flight cancellations and offered alternative flights across its airline as well as its partner airlines.

The “vast majority” had been offered travel dates within a few days either side of the strike action.

Flights most affected were heading to North America and Asia, he said.

O’Brien said he appreciated that not all offered flights would suit every customer and a full credit or refund was available for those in that situation.

They could also claim “reasonable costs” involved with the disruption, like if accommodation was impacted by the changes.

O’Brien said disruptions to flights were “part and parcel” with what happen for airlines operating around the world.

“This is no different than other disruptions that we manage on an ongoing basis. It’s just part of business as usual.

“The key thing for us is when we know that we’ve got a disruption to the schedule that we go out and offer as many alternatives and options as possible to the customers and in this case, the whole business is rallying around and been able to do that.”

Questioned if industrial action by its flight attendants was a bit more than “business as usual”, O’Brien said the cause of disruptions was irrelevant for customers.

It was more about what the airline would do to get them where they needed to go, he said.

Air New Zealand respected the flight attendants right to strike and it was reacting as a business – which meant focusing on what options were available to customers, he said.

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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/2026/02/11/what-does-the-air-new-zealand-flight-attendant-strike-mean-for-travellers/