Category: Commerce

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DITP Positions Thailand as Asia’s Content Hub at Thai Night Hong Kong 2026, Highlighting Four Strategic Pillars and the Global Rise of Y and GL Series

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 16 March 2026 – The Department of International Trade Promotion (DITP), Ministry of Commerce, Royal Thai Government, continues to promote Thailand’s content and entertainment industry in international markets. This initiative is carried out through business networking activities at “Thai Night Hong Kong 2026”, alongside Thailand’s participation in the Hong Kong International Film & TV Market (FILMART) 2026, one of Asia’s most prominent marketplaces for film and television content.

FILMART 2026 will take place from 17–20 March 2026 at the Hong Kong Convention and Exhibition Centre (HKCEC) in the Hong Kong Special Administrative Region of the People’s Republic of China. The event provides an opportunity for Thai content companies to connect with international buyers, investors, and industry partners while showcasing the strengths of Thailand’s entertainment industry on the global stage.

Ms. Sunanta Kangvalkulkij, Director-General of the Department of International Trade Promotion (DITP), stated that the department places strong emphasis on supporting Thailand’s content and entertainment industry in international markets. DITP aims to help Thai entrepreneurs expand business opportunities and strengthen partnerships with global industry players, while enhancing the competitiveness of Thai companies in the global marketplace.

“Thailand’s participation in FILMART and the organization of Thai Night Hong Kong 2026 provide an important platform to present the capabilities of Thai content companies and to foster new partnerships with international producers, distributors, and investors. These activities will help expand business opportunities and further promote Thai content in global markets,” she said.

At FILMART 2026, Thailand will showcase the strengths of its entertainment industry through four strategic pillars: Talents, Locations, Production, and Post-production. These pillars highlight Thailand’s skilled creative professionals, diverse filming locations, internationally recognized production standards, and advanced post-production capabilities, including visual effects and animation, supported by government measures that help facilitate international investment.

At the same time, DITP continues to capitalize on the growing global popularity of Y and GL series, one of the fastest-growing segments of Thailand’s entertainment industry, with valued at more than THB 4.9 billion in 2025. These genres have gained strong international fan bases and present significant opportunities for Thai content to reach global audiences.

Thailand is also encouraging the development of new content formats such as short-form dramas, which are increasingly popular on digital platforms and streaming services. These formats allow Thai creators to expand their presence across global distribution channels and reach wider international audiences.

With the remarkable growth and international recognition of Thailand’s entertainment industry in recent years—driven by talented filmmakers, diverse filming locations, and high production standards—Thai Night Hong Kong 2026 aims to move beyond showcasing industry capabilities toward fostering concrete international business collaboration.

A key highlight of the event will be the creation of a strategic platform for partnership discussions between Thai entrepreneurs and international industry partners. The event is expected to welcome more than 500 global investors, producers, directors, and media representatives, providing opportunities to expand business partnerships and further strengthen Thailand’s presence in the global entertainment industry.

For more information and updates about Thai Night Hong Kong 2026 and Thailand’s participation in FILMART 2026, please visit:
www.ditp.go.th
www.facebook.com/thailandfilms

Hashtag: #DITP

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/2026/03/17/ditp-positions-thailand-as-asias-content-hub-at-thai-night-hong-kong-2026-highlighting-four-strategic-pillars-and-the-global-rise-of-y-and-gl-series/

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MyRepublic Collaborates with Singapore Chinese Chambers of Commerce & Industry to Support SME Digital Adoption, Cyber Resilience, and AI Enablement

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 16 March 2026 – MyRepublic has entered into a collaboration with Singapore Chinese Chambers of Commerce & Industry (SCCCI) to support digital adoption, strengthen cyber resilience, and enable AI readiness among small and medium-sized enterprises (SMEs) and the wider business community in Singapore, following the signing of a Memorandum of Intent (MOI) on 21 January 2026.

MyRepublic and the Singapore Chinese Chamber of Commerce & Industry (SCCCI) collaboration

The collaboration aims to support businesses through structured programmes, capability-building workshops, and accessible transformation pathways to accelerate digital adoption. It also focuses on strengthening cyber resilience by equipping SMEs with practical tools, assessments, and best practices to protect and sustain their digital operations, while enabling AI innovation and readiness through education, proof-of-concept opportunities, and pilot initiatives to future-ready businesses.

Tech Symposium 2026

The signing of a Memorandum of Intent (MOI) on 21 January 2026.

Mr Mark Lee, Chairman of SCCCI’s Technology Committee, said:
“As businesses navigate a rapidly evolving economic and technological landscape, AI and digitalisation are becoming essential tools for improving productivity, competitiveness, and long-term resilience. This Tech Symposium is designed to help SMEs move beyond awareness towards practical adoption, with a strong focus on real-world applications that deliver measurable business outcomes. SCCCI works with Institutes of Higher Learning and technology providers to co-develop and pilot AI-driven solutions that address fundamental SME challenges such as operational efficiency, cost management, and scalability. By grounding innovation in actual business problems, we aim to make AI adoption more accessible, practical, and commercially meaningful for our members. As digital adoption accelerates, cyber risks inevitably rise, making cybersecurity a core business risk rather than just a technical issue. While national cybersecurity frameworks are led by the relevant authorities, SCCCI supports awareness and readiness among its members through engagement with government agencies and ecosystem partners.”

The collaboration aims to support SMEs through structured programmes and initiatives that strengthen digital adoption, cyber resilience, and AI readiness across the business community.

Imran Nazi, Head of ICT at MyRepublic, said:
“Singapore’s SCCCI SME community has always been resourceful and adaptive, and AI opens a new chapter in that journey. Our collaboration with SCCCI is centred on bringing meaningful AI enablement to businesses of all sizes, alongside strengthening cyber resilience and wider digital adoption. The goal is simple: equip SMEs with the tools, knowledge, and support they need to thrive in a digital-first world.”

Collaborative Areas of Focus and Impact

Through the collaboration, MyRepublic and SCCCI will work closely to support SMEs and the wider business community across several key areas, combining business network access, industry expertise, programme management capabilities, and technology expertise.

The collaboration will focus on community access and engagement by providing access to SCCCI’s extensive business network for outreach and engagement initiatives, promoting digital transformation programmes and activities through relevant communication channels, and curating relevant business segments for targeted digitalisation programmes.

Programme development will include the co-development of workshops, masterclasses, clinics, and outreach events with ICT partners to introduce digital tools and encourage adoption. Activities will be hosted and organised either at SCCCI facilities or partner venues, supported by programme management, training, demonstrations, and hands-on support at engagements.

The collaboration will also emphasise advocacy and thought leadership, championing digital adoption initiatives in alignment with national strategies. This includes supporting the development of co-branded thought leadership materials such as case studies, guides, and digital readiness resources, as well as sharing success stories and adoption outcomes to raise awareness of digital transformation benefits.

Industry insights, including SME challenges and sectoral digitalisation needs, will guide programme design and support the tailoring of solutions to better meet SME requirements and address capability gaps. Where relevant, pilot projects and proof-of-concept initiatives may be supported for selected SCCCI members, alongside data insights on programme outcomes to support continuous ecosystem improvement.

Together, MyRepublic and SCCCI aim to create business-relevant initiatives that help SMEs adopt digital solutions with greater clarity, confidence, and sustainability.

https://myrepublic.net/sg/
https://www.linkedin.com/company/myrepublic
https://x.com/myrepublic
https://www.facebook.com/MyRepublicSG/
https://www.instagram.com/myrepublicsg/

Hashtag: #MyRepublic #SCCCI #Technology

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/2026/03/16/myrepublic-collaborates-with-singapore-chinese-chambers-of-commerce-industry-to-support-sme-digital-adoption-cyber-resilience-and-ai-enablement/

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Gloriavale: Sham payments made to community members, court told

Source: Radio New Zealand

Gloriavale members received payments into their own accounts but those payments could be taken out again by the community’s financial controller. RNZ / Jean Edwards

Gloriavale’s leaders made sham payments to community members to make it appear as though they are rewarded for their efforts, the Employment Court has heard.

A group of nine leavers are seeking to quash Labour Inspectorate findings from 2017 and 2021 that those working in the community were not employees.

The group are seeking judicial review of alleged actions and inactions of labour inspectors who investigated and reported on concerns about work within the Gloriavale Christian Community, particularly two reports that found workers were not employees.

The Employment Court has since found those working for the West Coast community’s businesses are employees and the community’s so-called Overseeing Shepherd is their employer.

The Labour Inspectorate – a unit of the Ministry of Business, Innovation and Employment – found in 2021 it had no jurisdiction over the community as workers were not employees under New Zealand’s law.

However, the leavers’ lawyer Brian Henry told the Employment Court at Christchurch on Monday that conclusion followed a 2021 inspection of the community in which the inspector raised concerns about the conditions in the community.

Henry read the labour inspector’s notes, made at the time of her visit, to the court.

“They chose who we spoke to – possible cherry picking, but we were able to wander about,” the inspector’s notes said.

“Only spoke to people of standing in the community. The leader stayed close to us, suggested that we interviewed him – refused.

“Seem to know how much they get paid. Process of putting money into their accounts only for the financial controller to take it out again is a sham. It is a sham to attempt to show people are being paid.”

Members who were part of the community’s “partnership” received payments into their own bank accounts but those payments could be taken out again by the community’s financial controller.

Henry told the court the inspector had recognised the partnership structure used in the community was a sham.

“These are notes made at the time as she’s leaving Gloriavale,” Henry said.

“We all know the value of notes made at the time. Here she is, she’s recording this has been a controlled situation. But most importantly she has understood from talking to these people that this payment structure, which is part of the partnership, is a sham.

“So how did she go from there to a final report saying no one’s an employee based on the partnerships?”

Henry also detailed to the court the working conditions in the community, including boys as young as 6-years-old working in its businesses, a large dairy operation overseen by 14-year-olds, and girls working in what the community’s leaders described as the largest kitchen in the country.

A letter from the Department of Internal Affairs to the Labour Inspectorate outlined concerns about excessive hours, no holidays, insufficient maternity leave, child labour, minimum wage breaches, and poor record keeping.

“The overwhelming impression of Gloriavale when you get there is that this is an industrial complex,” Henry said.

“It had farms, a rendering plant which is very heavy industry, sphagnum moss processing plants, honey factories, projects including drilling for oil and operating an airline, and the workforce is supported by what Neville Cooper – Hopeful Christian – called the biggest kitchen in New Zealand.

“It is quite overwhelming to look at the industrial size of that kitchen producing food for 600 odd people three times a day, approximately 11,000 meals a week.”

The idea workers at the community could be considered volunteers could be “very readily dispelled”, Henry said.

“The vast majority of workers, by the time of the inspectorate investigations leading up to the 2017-2021 reports, were born into or brought in from infancy in the community.

“Life rules are set out in the manual called What We Believe. It’s not just religious, it is their actual life … rules.

“What We Believe states ‘education is limited to the needs of the community’, i.e. the work they’re assigned by the Overseeing Shepherd and they have no choice of their role – especially females.

“All Gloriavale workers do as instructed by their supervisors, responsible to the Overseeing Shepherd, there is no discretion. Gloriavale is an industrial complex with multimillion dollar businesses.

“What We Believe directs all Gloriavale members must do what they’re able to do or they do not eat. All Gloriavale members must support the leaders.

“The workers all owe the Overseeing Shepherd to abide by the doctrine of unity and submission – absolute control. The shepherd has enforcement processes to enforce What We Believe, which are draconian.

“The shepherd decides who a worker marries and before they’re permitted to marry they have to sign the commitment.”

Members were told they could not leave Gloriavale without jeopardizing their eternal soul, Henry said.

The relationship between the community’s leaders and its workers was one of absolute power and control, he said.

“It’s the antithesis of being a volunteer.

“A volunteer is someone who does work without being paid for it because they want to do it. So they’re certainly doing work without being paid for it – they were getting their keep – but they weren’t doing it because they want to, they were doing it because they had to.”

The hearing is set down for five days.

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

LiveNews: https://livenews.co.nz/2026/03/16/gloriavale-sham-payments-made-to-community-members-court-told/

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Foresight in volatility: APAC executives’ early pivot to regional trade provides critical buffer against global shocks

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 16 March 2026 – Months before the current geopolitical crisis hit global markets, Asia Pacific (APAC) executives had begun shielding their businesses by shortening supply chains and focusing on regional trade. Forvis Mazars’ C-suite barometer 2026: Adapting in uncertainty shows this proactive approach, alongside with efficiency-driving AI investments, is now key to navigating today’s global challenges.

While the number of APAC leaders expecting revenue growth had dropped to 67% (down from 80% in 2025) ahead of this year, underlying business confidence had notably strengthened to 41% (up from 30% in 2025). This contrast, lower growth expectations yet stronger confidence, highlights a resilience paradox: leaders are separating financial outlook from global turmoil, actively reinventing their operations to endure anticipated shocks rather than waiting for conditions to improve.

Key findings for APAC:

  • Measured confidence amidst geopolitical volatility: Amidst ongoing geopolitical volatility, APAC leaders remain acutely aware of the shifting landscape. Notably, 29% cite geopolitical instability and social unrest as a top trend impacting their organisation over the next 12 months, outpacing the global average of 26% and tying with regulatory pressures. Consequently, growth expectations are tempered: while 83% still anticipate positive growth in 2026, this trails the global average of 92% and marks a decline from 84% in 2025.
  • Expansion turns inward: Driven by geopolitical and tariff risks, expansion plans have shifted to regional neighbours, with China (36%), Australia (29%) and Hong Kong (29%) as the top destinations.
  • AI is a net job creator: Defying global displacement fears, 43% of APAC leaders say AI has created new roles in their organisation, significantly outpacing the 28% who say it replaced them.
  • The sustainability gap: While 91% are confident in meeting reporting compliance, only 73% feel prepared to manage the actual physical impacts of climate change.

The APAC resilience paradox: Building structural resilience despite lower revenue expectations

The anticipated dip in revenue expectations was primarily driven by converging pressures that have only intensified: economic uncertainty, political instability and intensifying competition. Yet, this foresight did not dampen investment. In a clear sign that businesses are fortifying their foundations, investment in human capital remains strong across the region, with 63% of APAC respondents plan to increase spending on acquiring new talent and 68% intend to upskill their workforce.

APAC’s underlying optimism is supported by a high level of operational readiness. Even as geopolitical instability remains a top concern, 76% of executives express confidence in their organisation’s preparedness to manage it. This sentiment extends to navigating supply chain challenges (85%) and new regulatory requirements (91%), showing that leaders are turning global disruptors into manageable areas of control.

Rick Chan, Managing Partner Singapore, Head of Audit & Assurance APAC and Member of Group Governing Board, Forvis Mazars, observed, “Asia Pacific has always had to move fast. The region’s businesses are built on agility – on reading the market, adjusting quickly and staying close to customers. That DNA is proving invaluable right now. The data shows leaders are transitioning from short-term firefighting to building lasting resilience. By investing in localised supply chains and AI, they are taking highly practical steps to insulate their operations against escalating geopolitical risks and secure long-term growth.”

The strategic pivot: strengthening intra-regional trade

The barometer reveals a fundamental change in how APAC firms plan to grow. Rather than facing global trade barriers head-on, executives are pivoting to markets closer to home. The top three expansion destinationsareChina (36%), Australia (29%) and Hong Kong (29%).

This inward shift is a direct, data-driven response to rising global tensions. A striking 67% of APAC leaders who revised their expansion plans this year cited geopolitical instability as the primary driver, making it the top catalyst for changing global strategies. Furthermore, 42% cite costs and operational issues due to tariffs as their biggest challenge when entering new markets. Facing these dual threats, APAC businesses have pragmatically shortened their supply chains to secure growth in neighbouring markets where geopolitical and tariff risks are more manageable.

The growth engine: AI as a workforce catalyst

In an environment where operational margins are under pressure, AI has become a critical tool for efficiency. Notably, the data indicate that AI is a net job creator in the region. 43% of APAC C-suite leaders report that AI has already prompted the creation of new roles, compared to 28% who report job replacements.

While 47% of executives rank AI as their top technology priority, their approach is disciplined. APAC leaders are prioritising high-impact applications such as forecasting (65%), knowledge acquisition, banking and retrieval (61%), client services, recommendations, relationships (61%), and operational efficiency, including automation (60%). Interestingly, they are achieving these gains with leaner investment; 41% (versus 35% globally) allocate less than 10% of their budget to AI, suggesting a focus on cost-effective, high-return AI adoption.

The blind spot: the sustainability gap – compliance versus operational resilience

While the report highlights strategic maturity in technology and trade, it reveals a critical disconnect in sustainability. Although 91% of APAC executives express confidence in meeting sustainability reporting compliance, only 73% feel prepared to manage the actual physical and operational impacts of climate change. This disparity indicates that while they are confident in meeting regulatory expectations, the priority now is to bridge the gap between compliance and reality, specifically by strengthening supply chains and building physical resilience against tangible climate risks.

Chester Liew, Partner, Head of Risk Consulting & Sustainability, Forvis Mazars in Singapore, said, “High confidence in reporting compliance is an encouraging baseline, but paperwork does not protect operations. The foresight APAC leaders are demonstrating in navigating geopolitical risks must now be urgently applied to climate risks. With regulatory timelines providing some breathing room, the prudent next step is to pivot resources from disclosure to physical defence – ensuring that supply chains and physical assets can actually withstand extreme weather and emerging environmental shocks.”

Forvis Mazars’ 2026 C-suite barometer survey captures insights from 3,012 senior executives worldwide prior to the US-Israeli war with Iran in February 2026. This independent research was conducted in October and November 2025 and captures the views of C-suite leaders at for-profit organisations with annual revenues of over US$1 million across 40 countries, including 260 respondents from seven markets in the Asia-Pacific region: Australia, China, Hong Kong, India, Japan, Singapore and South Korea. Findings reflect executive sentiments at the time of fieldwork.

http://www.forvismazars.com/sg
https://www.linkedin.com/company/forvis-mazars-singapore
https://www.facebook.com/ForvisMazarsSingapore/
https://www.instagram.com/forvismazarssingapore/?hl=en

Hashtag: #ForvisMazars #ForvisMazarsSingapore #APACBusiness #BusinessOutlook2026 #ExecutiveInsights #LeadershipTrends #AIAdoption #DigitalTransformation #Sustainability #ClimateResilience

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/2026/03/16/foresight-in-volatility-apac-executives-early-pivot-to-regional-trade-provides-critical-buffer-against-global-shocks/

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

LiveNews: https://livenews.co.nz/2026/03/15/ai-illiterate-nz-at-risk-of-being-left-behind-as-data-centre-plans-move-forward/

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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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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/

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Education – Ara celebrates milestone as 900 graduates cross the stage

Source: Ara Institute of Canterbury

Ara Institute of Canterbury has marked a major milestone in its return to independent status, with over 900 graduates filling Ōtautahi’s Wolfbrook Arena in two vibrant Autumn ceremonies on Friday 13 March.
A total of 1800 ākonga (students) were eligible to graduate this year, with half choosing to walk across the stage in front of whānau, friends and staff. The arena was filled twice over with waiata, haka and standing ovations as Ara celebrated its first graduation ceremonies since becoming a standalone polytechnic once again.
Graduates represented a wide range of disciplines – from construction management and engineering to cookery, early childhood education, business and broadcasting. The cohort included 65 postgraduate awardees, 586 bachelor’s degree or graduate diploma recipients, and 1123 graduates completing certificates and diplomas at Levels 4-6.
Associate Director of Māori Success Tate Tiatia opened the ceremony by acknowledging the collective effort behind each and every ākonga’s story.
“Achievement doesn’t come easily. It doesn’t happen in isolation. It takes effort and support. Be proud. You can move forward in confidence to navigate new environments and seek out new horizons,” she said.
One of the most moving moments came as the arena fell silent to honour two deaf graduates. Hands shimmered across the stands in New Zealand Sign Language as Danielle Elliott and Liberty Francis received their New Zealand Certificate in Health and Wellbeing.
Elliott said the sense of community had defined her study experience. “Having that connection and family environment was the main thing. We had a great class vibe,” she said.
Mother and son graduates Linda Glasgow ( Diploma in Business – Leadership & Management) and Jack Glasgow ( Diploma in Construction – Quantity Surveying) were delighted to be marking the moment together.
“I wasn’t going to do graduation but to be able to do it with Jack is really special,” Linda said.
Jack, on leave from his graduate role with Seipp Construction, said it was “great to see mum’s achievements rewarded”.
Bachelor of Applied Science (Nutrition) graduate Lani Pitcher led the morning ceremony.
A previous recipient of Ara’s Eke Panuku Māori – Transformation Award, she will return to Taranaki this weekend to begin a role with Hāto Hone St John.
“I came here as a single mother with a one-year-old son and a big dream. I wasn’t just starting study – I was starting over,” she said.
“I’m grateful to Ara for creating a place that welcomes people from all walks of life, where learners can grow, where doors open, and where we are encouraged to bring our full, authentic selves into our study.”
Ara’s new board chair, Hugh Lindo, said the ceremonies marked a proud moment for the organisation under Chief Executive Darren Mitchell.
“We’re excited to be working with Darren and his team as we plot Ara’s future in a way that ensures we meet the expectations of learners and the industries they will join.
“Our team will be doing all it can to provide the best vocational opportunities to our ākonga and give them the tools they need to be successful in a diverse and ever-changing world.”

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/13/education-ara-celebrates-milestone-as-900-graduates-cross-the-stage/

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Alibaba Cloud Accelerates Worldwide AI Innovation and Adoption Across Industries

Source: Media Outreach

AI+Cloud strategy continues to empower businesses towards greater efficiency and new growth opportunities

HANGZHOU, CHINA – Media OutReach Newswire – 13 March 2026 – Alibaba Cloud, the digital and intelligence backbone of Alibaba Group, presents a series of customer success stories from 2025, showcasing how its full-stack AI and Cloud capabilities are powering innovation for enterprises worldwide.

Alibaba Cloud’s comprehensive AI offering – spanning infrastructure, its Qwen and Wan model families and development platforms – met significantly growing demand as enterprises scale their AI applications across industries. These AI deployments have in turn fueled higher usage of core cloud services, contributing to sustained growth and underscoring the company’s role as a trusted digital partner for enterprises worldwide.​

Dr. Feifei Li, President of International Businessfor Alibaba Cloud Intelligence Group, said: “In 2025, we witnessed enterprises deepening and broadening their use of AI. Businesses around the world are utilizing our AI capabilities, built on a secure, scalable cloud foundation, to reimagine their industries, from AI-driven sustainable mobility to intelligent healthcare and generative content creation. Alibaba Cloud remains committed to delivering full-stack AI solutions, open-source initiatives and AI-optimized cloud infrastructure that empower customers to innovate at pace.”

Accelerating EV innovation in Malaysia

In Malaysia, Alibaba Cloud has been supporting mobility technology company PRO-NET from its inception, enabling the company to adopt a cloud first and data driven approach through a fully integrated end to end data pipeline. This foundation has played a key role as PRO-NET drives the development of Malaysia’s new energy ecosystem and accelerates the nation’s transition towards intelligent, sustainable mobility.

Building on this foundation, PRO-NET is advancing its AI capabilities using Alibaba Cloud’s Model Studio to develop its internal chatbot, which will later expand to customer-facing applications and vehicle infotainment systems. This collaboration strengthens PRO-NET’s capabilities in intelligent mobility, predictive analytics, and customer experience, supporting Malaysia’s broader EV transformation.

“Alibaba Cloud has been a key partner to PRO-NET, and their support in building our cloud-first and data-driven foundation has been instrumental as we advance Malaysia’s new energy mobility ecosystem. As we move into the next phase with AI, this impactful collaboration will empower us to unlock deeper insights, elevate customer experiences, and accelerate our vision of shaping a smarter, more connected future of mobility for Malaysia,” said Zhang Qiang, Chief Executive Officer of PRO-NET.

Powering multilingual AI in Singapore

In Singapore, Alibaba Cloud supports the release of Qwen-SEA-LION-v4, the latest version of a large language model developed by AI Singapore (AISG), to address the linguistic, cultural, and commercial needs of Southeast Asia. Built on Alibaba’s Qwen3-32B foundation model, the launch represents a significant step in AISG’s efforts to deliver increasingly capable and accessible AI solutions for the region.

Qwen-SEA-LION-v4 delivers significant improvement in multilingual accuracy and cultural contextual understanding while being efficient enough to run on a consumer-grade laptop with 32GB of RAM. It currently ranks first on the leaderboard for Southeast Asian Holistic Evaluation of Language Models (SEA-HELM) among open-source models under 200B parameters, thanks to its advanced reasoning, multilingual support, and long-context understanding tailored for Southeast Asian languages.

The base Qwen3-32B model has been further trained on over 100 billion Southeast Asian language tokens to enhance its ability to interpret local expressions, conversational nuances and regional knowledge domains.

“Our collaboration with Alibaba on Qwen-SEA-LION-v4 is an important milestone in advancing AI inclusivity and to make it more representative of Southeast Asia,” said Dr Leslie Teo, Senior Director of AI Products, AI Singapore. “It embodies our shared vision of accelerating AI innovation across the region and ensuring that developers, enterprises, and public institutions have access to AI that is open, affordable, and locally relevant, and is designed to truly understand the languages, cultures, and communities of this region.”

Modernizing healthcare with AI in Hong Kong

In Hong Kong,Leading Hong Kong-based Chinese medicine company PuraPharm Corporation Limited (PuraPharm) and clinical traditional Chinese medicine (TCM) intelligence software solutions company HerbMiners Informatics Limited (HerbMiners) have used Alibaba’s Qwen3 model to enhance the pioneering Traditional Chinese Medicine Advisor (TCMA) platform, a clinical management platform designed to modernize and globalize TCM practices. Powered by Qwen3 model, the platform now uses advanced natural language processing (NLP) and deep learning capabilities to help analyze unstructured clinical data, such as doctors’ notes and herbal prescriptions, supporting personalized treatment decisions and enhancing AI-driven patient engagement, clinical operations, security and compliance.

Dr. Wilfred W.K. Lin, Co-founder and Chief Data Analytics Director, HerbMiners Informatics Limited, said, “Our pioneering TCMA platform sheds lights on how modern tools can unleash the value of traditional wisdom, creating smarter, more responsive, and globally scalable healthcare systems. The platform is poised to redefine the future of TCM, not only in Hong Kong, but on a global scale.”

Enabling smarter, greener cities

Alibaba Cloud also supported global industry leaders to utilize Qwen to transform their operations, from accelerating product innovation to building smarter, more sustainable cities.

Signify, the world leader in lighting headquartered in the Netherlands, has launched the industry’s first GenAI agent in China powered by Alibaba’s self-developed large language model Qwen. By harnessing Qwen’s advanced capability to effectively handle complex tasks, the GenAI agent has been integrated into Signify’s connected street lighting system Interact City Flex that monitors, controls and manages street lighting, to further reduce energy consumption while boosting maintenance efficiency. Powered by Qwen, the upgraded system simplifies operation by allowing users to generate and deploy AI-driven dimming strategies through natural language commends. It also flags anomalies and provides solutions to improve efficiency on facility management and maintenance.

“Digital transformation in urban environments relies on intelligent systems that make city management smarter and more sustainable,” said Hans Nikol, Head of Open Innovation of Signify. “By making use of Alibaba’s Qwen model in our GenAI Agent, we’re empowering cities to proactively reduce energy consumption and lower operational costs. This collaboration marks an important step in intelligent city management and underlines our commitment to innovation and our vision for greener, brighter cities.”

Reinventing digital content creation in Japan

In Japan, Alibaba Cloud has established a strategic partnership with Tokyo-based digital manga developer and factory to drive AI adoption and innovation within Japan’s manga industry. Under the partnership, and factory becomes Alibaba Cloud’s official “Manga Partner,” contributing industry expertise and experience in digital manga platform development. Alibaba Cloud will provide advanced cloud infrastructure and AI technologies to support this digital transformation.

Together, the companies will co-develop AI-powered tools designed to boost efficiency and creativity in manag production, such as automated background illustration, intelligent storyboard creation, auto-coloring, animation conversion, and automatic translation. These solutions will empower creators, publishers, and distributors, expanding manga’s global reach.

With an expanding ecosystem of partners and customers, Alibaba Cloud remains focused on delivering secure, high-performance and accessible AI capabilities that help businesses of all sizes unlock new value and accelerate digital transformation in 2026 and beyond.

Hashtag: #AlibabaCloud

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/alibaba-cloud-accelerates-worldwide-ai-innovation-and-adoption-across-industries/

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Asia Pacific strengthens its position as a global trade anchor as Singapore ranks #1 worldwide – DHL Global Connectedness Report 2026

Source: Media Outreach

  • Globalization holds firm at a record level while trade flows in Asia expand and diversify
  • Despite geopolitical tensions and rising uncertainty, countries largely maintain trade and investment ties with their traditional partner countries
  • Record-long trade distances, AI-driven commerce, and resilient cross‑border flows paint a surprisingly robust picture of globalization
  • U.S.–China trade fell to 2.0% of global trade, down from 2.7% in 2024

SINGAPORE / HANOI, VIETNAM / NEW YORK, US – Media OutReach Newswire – 13 March 2026 – Globalization remains at a historically high level at 25% in 2025 – despite escalating geopolitical tensions, rising U.S. tariffs, and uncertainty about future trade policies. Equally, the Asia Pacific region features prominently in this year’s DHL Global Connectedness Report, with Singapore ranked #1 globally. A broad swath of regional economies in the Asia Pacific region has also strengthened its position on cross-border flows. The DHL Global Connectedness Report 2026 is produced with New York University’s Stern School of Business. It examines four ‘pillars’ measuring the depth and breadth of trade, capital, information, and people flows.

DHL Global Connectedness Report 2026

Asia Pacific remains a global anchor in cross-border trade

The Asia Pacific region is one of the world’s strongest pillars of global connectedness with several markets continuing to post strong breadth and depth of international ties. In fact, broad-based gains were observed across the Southeast Asia, Northeast Asia, and Oceania regions. The report shows East Asia & Pacific’s share of world trade has climbed from 24% (2001) to 32% (2025), underscoring the region’s long-run momentum. Several other economies in Asia Pacific also advanced sharply in the global connectedness ranking: Malaysia (#16; +13 ranks), Thailand (#27; +7), Korea (#31; +6), Taiwan (#32; +4), and Vietnam (#36; +3).

Intra-Asia trade has also strengthened since 2023. The report’s country profiles show that Asia-Pacific economies are deeply networked within the region, with most major trade and investment flows anchored in Asian partner markets. At the same time, China’s redirected exports to ASEAN markets—up 13% (+USD 79 billion) in 2025 — further cement ASEAN’s position as a fast growing trade corridor.

Singapore leads the country ranking

Singapore has retained the top position among 180 economies – reflecting exceptional depth in trade and capital flows. The country is ranked first on the trade pillar (out of 180 countries) and second on the capital pillar (out of 158 countries). Particularly on trade flows, Singapore ranks first on ‘depth’ (up one place from 2019), with the largest international flows relative to its domestic economy. Additionally, the city-state stands out most for the breadth of its inward foreign domestic investment (FDI) stocks (ranked first worldwide).

“Asia Pacific continues to demonstrate extraordinary resilience and adaptability,” said Ken Lee, CEO of DHL Express Asia Pacific. “The DHL Global Connectedness Report shows that countries across our region – from Singapore to Malaysia, Thailand, Vietnam and beyond – are deepening their global ties and attracting new trade flows. Even as global patterns shift, Asia remains a central engine of global trade. This is why we continue to invest in and enhance our Asia Pacific network, particularly in the eight fast-growing markets that DHL Group has identified. Our priority is to support businesses to stay connected and diversify their markets.”

AI boom and race to beat tariff hikes fueled trade in 2025

Global trade grew faster in 2025 than in any year since 2017, excluding the volatile Covid-19 period. U.S. importers accelerated shipments early in the year ahead of tariff increases. U.S. imports dropped below prior-year levels, but rising Chinese exports to non-U.S. markets helped sustain global trade volumes.

Trade in AI-related goods surged as countries and companies raced to build AI infrastructure. AI-related products drove 42% of goods trade growth in the first three quarters of 2025, according to WTO figures. In fact, AI hardware and data infrastructure are amplifying Asia Pacific’s trade. Notably, Taiwan, Korea, Singapore and Malaysia’s tech supply chains are benefitting from the surge in demand for AI chips, servers and data center buildouts. In answer, DHL Express has added significant payload capacity for flights out of Hanoi to support Vietnam’s rapidly expanding tech manufacturing sector.

Trade outlook: growth continues, even with higher tariffs

Looking ahead, recent U.S. tariff increases are expected to modestly slow trade growth in 2026 – but not stop it. Global goods trade is projected to expand by an average of 2.6% per year through 2029, in line with the past decade.

One reason trade can keep growing despite U.S. tariff hikes is that most trade does not involve the U.S. In 2025, 13% of imports went to the U.S., and 9% of exports came from the U.S. In addition, many countries are pursuing new trade agreements to secure access to alternative markets, such as the recently minted India-EU free trade agreement.

Information flows face barriers, people flows reach new highs

The report notes that people flows – travel, migration, and student mobility – have fully recovered and reached record highs. This trend is especially pronounced in Asia Pacific, where highly connected hubs such as Singapore and Hong Kong continue to attract substantial cross‑border movement.

Many of the region’s most connected markets, such as Hong Kong SAR, Japan, and Korea – remain deeply tied to global data and digital exchanges as these have risen in ranks in the information pillar since 2019. Capital flows remain resilient overall in the region, where there is no broad shift of investment from foreign to domestic markets.

U.S.–China tensions affect only small share of global flows

The report also finds that ties between the world’s two largest economies – the U.S. and China – continue to weaken. However, these ties are surprisingly small in a global perspective. For example, trade between the U.S. and China accounted for 3.6% of world trade at its peak in 2015, before falling to 2.7% in 2024 and to only 2.0% during the first three quarters of 2025. The U.S.–China share of international business investment is even smaller – less than 1% in 2025.

No global split into rival blocs

Even as the U.S. and China decouple, most countries – including those in Asia – continue to engage with their longstanding partners. Over the past decade, only 4–6% of global goods trade, greenfield FDI, and cross-border M&A have shifted away from geopolitical rivals. Of these flows, most have not moved to close allies but to countries with flexible geopolitical positions, such as India and Vietnam. Overall, the world economy remains far from a broad split into rival blocs.

“The politics and policy surrounding globalization are much more volatile than the actual flows between countries,” said Prof. Steven A. Altman, Director of the DHL Initiative on Globalization at NYU Stern’s Center for the Future of Management. “In Asia Pacific, as in the rest of the world, the data shows that cross‑border flows have remained remarkably resilient despite heightened geopolitical tensions. Sound decision‑making in this region requires a calibrated view of how much global business ties are really changing. The risks to globalization are real, but so is the resilience of global flows, and Asia Pacific continues to play a pivotal role in sustaining that connectivity.”

The DHL Global Connectedness Report

Published regularly since 2011, the DHL Global Connectedness Report provides reliable insights on globalization by analyzing 14 types of international trade, capital, information, and people flows. The 2026 edition is based on more than 9 million data points. It ranks the connectedness of 180 countries, accounting for 99.6 percent of global gross domestic product and 99.0 percent of the world’s population. A set of 180 one-page country profiles summarizes each country’s pattern of globalization.

The report was commissioned by DHL and authored by Steven A. Altman and Caroline R. Bastian of New York University Stern School of Business.

Note to editors:

  • The report and further resources are available at dhl.com/gcr.
  • DHL Group’s “GT20 Initiative” refers to 20 markets worldwide that the Group has identified to benefit strongest from Geographic Tailwind. Eight of them are in Asia Pacific including China, India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

Hashtag: #DHL

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/asia-pacific-strengthens-its-position-as-a-global-trade-anchor-as-singapore-ranks-1-worldwide-dhl-global-connectedness-report-2026/

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BusinessNZ – Gas report highlights urgency of securing NZ’s energy transition

Source: BusinessNZ

The BusinessNZ Energy Council (BEC) welcomes new analysis providing greater transparency on the future of New Zealand’s natural gas sector, saying it reinforces the scale and urgency of the supply challenge facing the economy.
BusinessNZ Chief Executive Katherine Rich says a new report commissioned by natural gas industry body Gas Industry Co confirms that New Zealand faces a rapid and unprecedented decline in domestic gas supply.
“BEC has been raising concerns about declining natural gas availability since its Gas Users Forum last year, warning of the risks to businesses and the wider economy if supply continues to fall without credible alternatives.
“Evidence of the strain is already emerging. This latest report notes that high gas prices and supply uncertainty are forcing some users to cut production, raise prices or close operations. These trends were also identified in BEC’s gas users survey last year. Introducing LNG imports from 2028 could materially ease the pressure.”
Rich says a pathway combining local gas with LNG imports would support a smoother transition, giving the energy sector time to build additional renewable generation and network capacity, while allowing consumers and businesses to move away from gas at a manageable pace.
“But even with LNG imports, without viable transition pathways for businesses, reductions on that scale risk economic contraction, job losses and business closures.
“Ensuring New Zealand has a realistic transition pathway is critical. Businesses need time, certainty and workable alternatives if they are to adapt while continuing to invest, produce and employ New Zealanders.”
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/2026/03/13/businessnz-gas-report-highlights-urgency-of-securing-nzs-energy-transition/

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Events – 24 hours to go: Hamilton gears up as Jim Beam Homegrown prepares to burst into song

Source: Brainchild for Jim Beam Homegrown

“Climb over your mates if you have to but don’t miss out on tickets for Jim Beam Homegrown in Hamilton this weekend.”

That’s the message from local businessman, entrepreneur, hotelier and ultimate Jim Beam Homegrown fan Pienaar Piso as the Festival enters its final hours before gates open on Saturday.

In just over 24 hours’ time, one of Aotearoa’s most iconic music festivals will return to Hamilton for the first time after 18 years on Wellington’s waterfront, transforming Claudelands Oval in Kirikiriroa into a full-scale Kiwi music playground.

And Hamiltonians are ready!

“We have been counting down to this since the day it was announced,” says Vanessa Williams, General Manager of the Hamilton Central Business Association. “Events like this bring incredible energy into the city. It is not just about the festival itself, it is about people exploring Hamilton, discovering new places and supporting local businesses along the way. We want every visitor to feel like a local while they are here.”

Jim Beam Homegrown CEO and managing director Andrew Tuck says the festival site has shifted into full festival mode.

“This is the moment where everything comes together,” says Tuck. “The stages are built, the sound systems are firing up and crews are moving at full pace to get every last detail locked in. You can feel the buzz building already. The artists are arriving, the city is humming and the stage is set for an epic celebration of Kiwi music.”

Over the past three weeks, hundreds of crew members, technicians and suppliers have been working around the clock transforming Claudelands Oval into a multi-stage festival destination.

Wherever possible, local Waikato suppliers have been part of the build — from scaffolding and staging to fencing, electricians, lighting, security and food vendors.

“It’s been incredible to see the scale of work going into bringing this event to life,” says Tuck. “We’ve had a huge response from the Waikato community and a lot of local businesses have played a role in getting us to this point.”

While the festival marks a return to its regional roots, the Hamilton event is arriving bigger than ever.

Two additional stages have been added this year, expanding the range of music and experiences for festival goers. The inaugural Precision Live Dance Stage will also add a new dimension, with some of Aotearoa’s best street and break dancers battling it out throughout the day.

With the schedule confirmed, the site nearly show-ready, and the final sound checks underway, the countdown is almost complete.

“Right now it’s all about the final touches,” says Tuck. “Tomorrow the gates open and Hamilton becomes the home of Kiwi music.”

Brainchild on behalf of homegrown.net.nz

About Jim Beam Homegrown

Jim Beam Homegrown is New Zealand’s largest Kiwi-only music festival, celebrating the best of Aotearoa’s musical talent. Established in 2008 in Hamilton, initially as X*Air, an extreme sports festival, Jim Beam Homegrown showcases a wide range of genres, including rock, funk, pop, reggae, hip-hop, and electronic music.    

Tickets to the inaugural Hamilton event can be found at www.homegrown.net.nz

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/13/events-24-hours-to-go-hamilton-gears-up-as-jim-beam-homegrown-prepares-to-burst-into-song/

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Wattie’s a big name reminder of pressure on NZ manufacturers

Source: Radio New Zealand

The Wattie’s factory in Christchurch. Nathan McKinnon / RNZ

Big names like Heinz Wattie’s closing their doors are high-profile reminders of the pressure many businesses are under, one economist says.

Heinz Wattie’s announced this week it was planning to close some of its manufacturing operations.

The company said about 350 jobs were expected to be affected.

It outlined plans to axe the sale and production of a number of its products and brands, including frozen vegetables and Gregg’s coffee.

It would also no longer produce dips sold under the Mediterranean, Just Hummus and Good Taste Company brands.

Simplicity chief economist Shamubeel Eaqub said it seemed as though every recession or downturn took with it a big-name business.

In recent years, Cadbury has closed its Dunedin factory, several mills have closed, James Hardie shut its Penrose factory and Unilever closed in Petone.

“[Heinz Wattie’s] sounded like electricity prices and the cost of labour were the things they were really struggling with,” Eaqub said.

“Labour issues have always been a thing for New Zealand manufacturing. We can’t compete with Asian countries that have much lower wages,” Eaqub said.

“More recently, we’ve had the pressure of energy costs from various sources from electricity to gas that have made it harder for some processes. It’s partly because a lot of our manufacturing capacity is aged, so they’re not as efficient and effective as what’s available globally.”

He said big manufacturers and “old school” firms were under pressure, but there were also a lot of small manufacturers doing well.

“Sometimes that is a bit hard to see because they are quite small specialised businesses, not necessarily always visible to the rest of us.”

But he said traditional manufacturing was struggling.

“There’s no denial that the hollowing out is not new. It’s been happening for a number of years. Every time there’s a recession, it feels like we lose another bunch and then it’s smaller again. It happens in waves every time when all these pressures mount, these businesses that have been just managing to scrape by just don’t anymore.”

Business NZ chief executive Katherine Rich said the decisions being made were tough.

“From time to time, businesses do have to make changes and respond to markets and I think that’s what’s happened here. That many of the challenges that that company faced have been faced by a lot of food manufacturers, increased costs, increase in all costs, and of course, changing market conditions.”

Some of the Heinz Wattie’s brands, such as Greggs, had been picked-up by other producers and would continue.

“I think it was really a matter of time. You can’t continue to make really significant losses over many years and expect businesses to keep a footprint here, but it is a challenge. Now, over a period of years, we’ve lost a number of the major fast-moving consumer goods manufacturers,” Rich said.

“You think of the large-scale factories such as Unilever, Colgate, Arnott’s, Cadbury, when it was owned finally by Mondelez. Many of them have made similar decisions to reduce their footprint. I think it’s a factor of globalisation and the fact that this is a very high-cost market to try and manufacture in.”

But Rich said she was still confident about food manufacturing in New Zealand generally.

“If you’re looking at some of our manufacturers who export more in the commodity space, they continue to thrive serving markets in Australia, Asia, and across the globe.”

She said there were also entrepreneurs starting businesses with a good idea and pitching them to supermarkets.

“I’m really confident about the future of food manufacturing generally because we’re such a great place for high-quality ingredients. And we do have a growing market, we’ve got 5 million mouths to feed. But the main thing we have to do is not take our eye off the ball when it comes to trying to reduce the costs of doing business here,” Rich said.

“That’s why the work of the Ministry for Regulation and some of the government reforms to reduce business costs and make it easier to do business here are so important.”

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://livenews.co.nz/2026/03/13/watties-a-big-name-reminder-of-pressure-on-nz-manufacturers/

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Long awaited Holidays Act replacement passes first reading

Source: New Zealand Government

A much-anticipated Bill to ensure employees are paid correctly when taking time off work has just passed its first reading at Parliament, Workplace Relations and Safety Minister Brooke van Velden announced today.  

The Employment Leave Bill seeks to replace the Holidays Act 2003 and offers a simple, workable framework that gives businesses certainty, reduces potential error, and fixes what matters for employers and workers. 

“The Holidays Act is complex, confusing, and has led to huge remediation costs.  

The Employment Leave Bill will bring simplicity and logic to the way employment leave is calculated, which benefits businesses by saving them time and money when calculating their payroll obligations, and prevents headaches for both employers and employees from getting payments wrong,” Ms van Velden says.  

“This Bill responds directly to what I’ve heard since coming into office: businesses are overwhelmed by compliance, and workers are missing out on entitlements.” 

“I aim to strike a balance with this legislation. Businesses will benefit from the shift to hours-based accrual and pro-rata sick leave. Workers will benefit from having access to leave entitlements from day one, increased upfront pay for many casual employees instead of accruing annual and sick leave, and full pay for annual leave when parents return from parental leave. 

“Since announcing Cabinet’s policy decisions last year, I have travelled around the country to get feedback from a range of sectors including payroll experts and lawyers to help shape the Bill in its current state. I have been heartened to hear genuine excitement that we have reached this point and that change is finally coming.” 

“I am proud of the significant progress made already to have legislation ready and available for public feedback – a milestone successive Ministers tried but failed to reach. I especially encourage people with technical expertise to make a submission and help ensure this legislation is workable for decades to come.” 

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/12/long-awaited-holidays-act-replacement-passes-first-reading/

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Binastra Land Marks Two Decades of Excellence and Recognition in Malaysia’s Property Industry

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 March 2026 – Binastra Land, a multi-award-winning property developer with more than 20 years of experience in property development since 2005, continues to strengthen its position as a trusted name in Malaysia’s real estate landscape.

CyberSquare @ Cyberjaya developed by Binastra Land

With over RM4.5 billion worth of completed projects to date, internationally recognised ISO certifications, and a portfolio of landmark developments across the Klang Valley, the company stands as a benchmark for quality, innovation, and sustainable growth.

Two Decades of Proven Expertise

Founded with a vision to redefine modern urban living, Binastra Land has consistently delivered developments that combine functionality, aesthetic appeal, and long-term value.

Over the past two decades, the company has navigated market cycles, evolving consumer demands, and industry challenges while maintaining a steady track record of successful project completions.

Its experience since 2005 reflects not only longevity but resilience and adaptability. From residential communities to integrated mixed-use developments, Binastra Land has demonstrated a deep understanding of Malaysia’s property landscape, positioning itself as a developer that prioritises both investor confidence and homeowner satisfaction.

RM4.5 Billion in Completed Developments

To date, Binastra Land has completed projects valued at over RM4.5 billion, a significant milestone that underscores its operational strength and financial credibility.

This achievement reflects the company’s ability to deliver projects on schedule while maintaining construction quality and design excellence.

Among its key milestone and completed projects are:

  • Trion @ KL & Mercure Kuala Lumpur Trion – An integrated lifestyle development that combines residential, retail, and hospitality components, enhancing connectivity and vibrancy within Kuala Lumpur.
  • Sinaran Wangsa Maju – A thoughtfully designed residential development offering modern living solutions within a well-established neighbourhood.
  • Suria Garden @ Puchong – A community-focused development catering to growing demand in the Puchong area.
  • CyberSquare @ Cyberjaya – A mixed-use project supporting Cyberjaya’s vision as a dynamic technology and commercial hub.
  • Citizen2 @ Old Klang Road – A contemporary residential development strategically located along one of Kuala Lumpur’s key corridors.

Binastra Land Upcoming Projects: Binastra Cochrane & Binastra Cochrane 2

  • Walking distance to MRT Cochrane – Excellent connectivity to Kuala Lumpur city centre and major business districts.
  • Minutes from Tun Razak Exchange (TRX) and Sunway Velocity Mall – Easy access to financial institutions, retail outlets, dining, and lifestyle amenities.
  • Strong investment appeal – Located within a high-growth corridor with solid rental demand and promising capital appreciation potential.
  • Close to Monash University Malaysia – Attractive for students and academic professionals seeking well-connected urban residences.

Each of these projects reflects Binastra Land’s commitment to delivering developments that are strategically located, well-planned, and aligned with market needs.

Multi-Award-Winning Developer in Malaysia

Binastra Land’s dedication to excellence has been consistently recognised by respected industry bodies. The company has earned multiple accolades that highlight its expertise in lifestyle-centric development and design innovation.

Among its notable awards:

  • Golden Bull Award 2021 – Super Golden Bull Winner
  • PropertyGuru Asia Property Awards Malaysia 2021 – Best Lifestyle Developer
  • Asia Pacific Property Awards 2020-2021 – Mixed-use Architecture Malaysia & Mixed-use Development Malaysia
  • Property Insight Prestigious Developer Awards 2019 – Best Boutique Lifestyle Development for Trion @ KL
  • StarProperty.my Awards 2019 – The Art of Life Award (Best Lifestyle Development) for Trion @ KL

These recognitions affirm the company’s focus on creating developments that enhance lifestyle quality while delivering strong investment potential.

Shaping Lifestyle-Driven Communities

Binastra Land’s development philosophy goes beyond constructing buildings; it is centred on shaping vibrant, lifestyle-driven communities that enhance the way people live, work, and connect.

Every project is carefully conceptualised with strong emphasis on spatial planning, connectivity, accessibility, and evolving modern living requirements.

Thoughtful layouts, integrated amenities, and strategic locations are combined to create environments that support convenience, comfort, and long-term value.

Developments such as Trion @ KL exemplify the company’s integrated approach—seamlessly blending residential spaces with lifestyle facilities and hospitality components to form dynamic, self-sustaining urban ecosystems.

By prioritising design excellence, functionality, and liveability, Binastra Land consistently delivers developments that appeal to urban professionals, growing families, and investors seeking quality assets within Malaysia’s increasingly competitive property market.

Strengthening Malaysia’s Urban Landscape

With a strong presence across Kuala Lumpur and growth corridors such as Cyberjaya and Puchong, Binastra Land actively supports Malaysia’s urban development and long-term city planning goals.

By focusing on high-growth locations with strong infrastructure potential, the company aligns its projects with economic expansion and demographic trends within the Klang Valley.

Its strategically positioned developments transform emerging townships into vibrant, self-sustaining communities integrating residential, commercial, and lifestyle elements.

Beyond construction, the company stimulates economic activity, creates employment opportunities, and enhances connectivity.

The RM4.5 billion milestone reflects market confidence and underscores Binastra Land’s credibility, delivery strength, and long-term commitment to nation-building.

Looking Ahead

As Malaysia’s property sector continues to evolve, Binastra Land remains committed to innovation, sustainable practices, and quality-driven delivery.

Building on over 20 years of experience, the company aims to further expand its portfolio with developments that respond to market trends while upholding its core values of integrity, excellence, and responsibility.

With a proven track record, industry accolades, internationally recognised certifications, and billions in successfully delivered projects, Binastra Land stands poised to continue shaping Malaysia’s property landscape for years to come.

https://binastra.com.my/

Hashtag: #Binastraland #Binastracochrane #Property #Business #Lifestyle

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/2026/03/12/binastra-land-marks-two-decades-of-excellence-and-recognition-in-malaysias-property-industry/

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Consumer NZ – Tens of thousands of people face cancelled flights – they have rights

Source: Consumer NZ

Consumer NZ says passengers disrupted by Air New Zealand’s flight cuts are entitled to ask for a refund if they don’t want to accept a replacement flight.

“Air New Zealand has announced it will be cutting over a thousand flights in the coming weeks because of rising fuel costs. While most travellers will be rebooked onto same-day flights, we want people to know that if that new flight doesn’t suit them, they can choose not to take it and ask for their money back instead,” says Jon Duffy, chief executive of Consumer.

When an airline cancels flights due to events out of its control, like severe weather or airspace closure, passengers usually have to accept the disruption and wear any associated expenses or claim on their insurance. Consumer believes Air New Zealand’s cancellations are within its control.

“The decision to amend the flight schedules is driven by rising fuel costs. We think this is an operational decision, which means impacted passengers have rights if the rescheduled flight doesn’t suit them.”  

Your domestic flight rights
If your domestic flight is cancelled for a reason within an airline’s control and you do not want to accept a replacement flight, you can ask for a refund under the Civil Aviation Act (CAA).

Under the CAA, you can also claim back additional expenses such as meals, accommodation and any other costs incurred in getting to your destination.  

In total, you can claim back the lesser of up to 10 times the cost of the ticket, or the actual cost of delay.

Your international flight rights
Consumer says that because Air New Zealand’s flight cancellations are a financial decision, and the airline will struggle to show it took all reasonable measures to avoid the cancellations or delays, it is also likely to be liable for disrupted international flights under international laws, including the Montreal Convention.  

For international flights, your rights differ depending on where you’re flying and the airline you’re flying with. However, at a minimum, you’ll be entitled to a refund if you don’t want to accept the alternative flight that’s offered to you. You may also be able to claim back any additional costs you incur. In total, the maximum amount you can claim for a delay under the Montreal Convention is  $15,134 – this includes alternative flights to get you to your intended destination.  

Disrupted passengers who are set to depart from airports in the EU could be entitled to additional financial assistance. Consumer has further detailed information on its website: https://consumernz.cmail19.com/t/i-l-ztjuyit-ijjdkdttjk-y/

Consumer’s flight rights petition
Airlines in New Zealand don’t have to tell passengers their rights.

Despite amendments to the Civil Aviation Act last year, giving the minister the power to require airlines to inform passengers about their rights, no action has been taken.

“People impacted by flight disruptions deserve clarity – it shouldn’t be up to them to interpret complex laws to figure out who is at fault for a cancellation, and what that means for their own situation. Air New Zealand’s flight cuts highlight precisely why the current information gap needs to be filled,” says Duffy.

On Tuesday, Consumer presented a petition to parliament calling on the Government to require airlines to tell passengers their rights when flights are delayed or cancelled. The petition was signed by over 10,500 people.

 

About Consumer

Consumer NZ is an independent, non-profit organisation dedicated to championing and empowering consumers in Aotearoa. Consumer NZ has a reputation for being fair, impartial and providing comprehensive consumer information and advice.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/12/consumer-nz-tens-of-thousands-of-people-face-cancelled-flights-they-have-rights/

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Economy – RBNZ working with industry to improve access to basic transaction services

Source: Reserve Bank of New Zealand

12 March 2026 – Last year the Council of Financial Regulators (CoFR) consulted the public on whether New Zealanders should have the right to access a basic transaction account if they want one.

50 submissions were received and 22 community groups, financial institutions, fintechs, and support services were directly engaged, with 98% of submitters stating that action is needed to improve access to transaction accounts.

Acting Assistant Governor Financial Stability, Angus McGregor, says that the consultation clearly highlighted the challenges some groups face in accessing the basic banking services necessary to meet their everyday financial needs.

“This consultation process has allowed us to gather a wide range of perspectives, take on board industry feedback, and find pragmatic solutions.” Mr McGregor says.

“We received constructive input from the banking sector, and a willingness to work with us to solve this issue through a collaborative approach.”

The RBNZ is developing a Memorandum of Understanding (MoU) to support this approach to addressing financial exclusion.

Under the MoU, participating financial entities will commit to provide access to all New Zealand consumers unless they have a compelling reason for declining to provide a basic transaction product. Public sector agencies will commit to clarifying regulatory requirements, co-ordinating efforts, and highlighting best practices that can be adopted to support financial inclusion.

The MoU will provide flexibility for participating entities to develop their own solutions to promote inclusion, while ensuring progress can be monitored through regular reporting.
This work aims to bring financial inclusion in New Zealand in line with other developed countries such as Canada, the UK, France, Denmark and Sweden.

The RBNZ will be leading co-ordination of the MoU, with support from the Financial Markets Authority, the Banking Ombudsmen, the Retirement Commission, the Department of Internal Affairs, the Ministry of Justice, the Ministry of Business, Innovation and Employment, and the Department of Corrections.

“This work directly supports our statutory purpose of enabling economic wellbeing and prosperity for all New Zealanders, and aligns with recommendations in the Commerce Commission’s Market Study into Personal Banking Services.” Mr McGregor says.

It is anticipated that the MoU will come into effect later this year.

More information:

Read the CoFR Consultation Summary on Access to Basic Transaction Accounts: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=1545100f1e&e=f3c68946f8

Background information:

Issues Paper on Access to Basic Transaction Accounts – This Issues Paper builds on Recommendation 14 from the Commerce Commission Market Study into personal banking services, for the banking industry to collaborate to make basic transaction accounts widely available found here: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=86d03f3ba9&e=f3c68946f8
Financial Inclusion Indicators Base Set Report: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=1f879f66b8&e=f3c68946f8
First Steps to Financial Inclusion Report: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=d70d87a7b2&e=f3c68946f8
CoFR – CoFR represents five agencies: The Reserve Bank of New Zealand, the Financial Markets Authority, the Commerce Commission, the Ministry of Business, Innovation and Employment, and the Treasury. Financial Inclusion is one of five priorities for CoFR. The CoFR Financial Inclusion Community also included Te Ara Ahunga Ora The Retirement Commission and the Ministry for Social Development as observer agencies. More information on CoFR’s financial inclusion work can be found here: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=2fa26e3350&e=f3c68946f8

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/12/economy-rbnz-working-with-industry-to-improve-access-to-basic-transaction-services/

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Esaote launches the new MyLab™ E85 GTS ultrasound system in Vienna

Source: Media Outreach

VIENNA, AUSTRIA – Media OutReach Newswire – 11 March 2026 – Easy to transport, featuring compact size and high-quality images, developed to revolutionise and facilitate the work of interventional radiologists all around the world. Esaote launched the new MyLab E85 GTS, the new cart-based ultrasound system that Esaote, a leading Italian company in medical imaging innovation, presented at the European Congress of Radiology (ECR), held in Vienna from 4th to 8th March.

The machine is based on two new technologies, combined for the first time: Virtual Navigator and Ablation Confirmation. The former enables real-time multimodality image fusion for accurate navigation, reinforcing the role of ultrasound as a valuable aid to computed tomography (CT)-guided interventional procedures. The second analyses and combines pre- and post-treatment CT and multiparametric MRI data with real-time ultrasound imaging automatically to assess the technical success of thermal ablation procedures. The combination of both technologies aims at providing interventional radiologists with accurate diagnosis, excellent needle visualisation and improved interventional procedures.

Equipped with a touch-sensitive keyboard that is easy to clean, MyLab E85 GTS represents a further evolution in the devices now available to specialists, offering their patients even greater precision in minimally invasive therapeutic and diagnostic procedures. The combination of Virtual Navigator and Ablation Confirmation guarantees extremely high performance in biopsies, aspirations and drainages. The visualization of the needle is excellent and contributes to the confidence of the physician and the precision of the operation performed.

“Interventional procedures can be done under CT guidance, but allying them with ultrasound systems, characterized by non-radiation procedures and real time-imaging, offers invaluable advantages: with a single click, the fusion between CT and US images is operational”, explained Marta Daniel, Guided Therapy Product and Clinical Solutions Manager at Esaote, on the sidelines of the launch of the new ultrasound scanner at the European Congress of Radiology in Vienna. “By maximising the workflow of focal ablation, MyLab E85 GTS offers the first “integrated” Ablation Confirmation Software in addition to fusion imaging. The software analyses pre- and post-ablation CT scans and provides feedback on the effectiveness of the procedure, maintaining real-time fused images to navigate the target area, both to confirm treatment and to further ablate any residual areas identified. This is a revolutionary breakthrough that ensures confidence and precision”, she concluded.

Esaote developed the new MyLab E85 GTS with today’s interventional radiology needs in mind. “Working with young physicians all around the world, we identified their challenges and understood their specific requests, pushing us to go beyond the conventional functions of an ultrasound system”, said Laurent Rapon, Global Business Development Manager GTS US. “The E85 GTS is our first response to this commitment, proposing a sealed keyboard design and integrating tailor-made software to further ease complex interventional procedures”.

Hashtag: #Esaote

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

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

LiveNews: https://livenews.co.nz/2026/03/11/esaote-launches-the-new-mylab-e85-gts-ultrasound-system-in-vienna/

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

Source: Media Outreach

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

FY25 Business and Financial Highlights

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

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

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

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

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

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

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

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

FY25 Operational Achievements & 2026 Outlook

Global CDMO Operations

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

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

Pharma Sales Operations

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

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

Recent Investor Conference

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

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

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

Bora 2026 Earnings Schedule

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

Hashtag: #Bora

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

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

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

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Consumer NZ – No u-turn to petrol for New Zealand EV owners

Source: Consumer NZ

New research from Consumer NZ shows an overwhelming 96% of electric vehicle (EV) owners would buy another EV, confirming strong satisfaction among current owners.

Consumer has released findings from its latest car reliability and satisfaction survey, representing responses from 5,791 members and supporters collected in November and December 2025.

“This survey canvassed car owner experiences, providing insights into preferred engines, brand performance, reliability and overall owner satisfaction,” says Consumer NZ chief executive Jon Duffy.

While petrol vehicles continue to dominate the nation’s roads, making up 59% of cars New Zealanders own, the landscape is shifting. The share of EVs and plug-in hybrids (PHEVs) has grown from 12% in 2023 to 17% in 2025. Hybrid ownership has also risen significantly, increasing from 10% to 15% over the same period.

“This indicates a gradual but growing shift towards going electric on our roads,” says Duffy.  

Over half of EV owners made the switch with the anticipation of lower running costs, and 81% of current owners say their operating costs are much cheaper. Environmental considerations were also a key factor.

“Our research found that one of the more affordable electric vehicle brands ranked highly when it came to price and reliability, outstripping performance on some better-known petrol brands,” says Duffy.

However, despite 56% of EV owners wanting lower running costs, 29% kept the same power plan after buying an EV, even though they would now be using more energy.

“This highlights the importance of heading to Powerswitch to the find the best deal for your energy needs. There are significant savings to be made on power by shopping around,” says Duffy.

The survey also explored how drivers feel about vehicle safety technology. Reversing cameras and sensors topped the list as respondents’ most valued safety features, while lane-keeping assist was ranked the most annoying.

For more insights into New Zealand’s best and worst cars, including reliable motoring, owner satisfaction, maintenance and repair costs, and the recipients of Consumer NZ’s annual People’s Choice awards, see the full survey results at consumer.org.nz/products/ car-reliability  

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/11/consumer-nz-no-u-turn-to-petrol-for-new-zealand-ev-owners/