Category: Commerce

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The Money Awards by Money20/20 Unveil Global Jury Presidents

Source: Media Outreach

The awards, which debuted in 2025, have quickly become one of the industry’s most‑watched benchmarks for innovation and meaningful impact.

Building on that momentum, the 2026 program expands its global reach and deepens its commitment to spotlighting organizations that are transforming industries and driving the next wave of financial innovation. Judging is conducted through a rigorous, merit‑based process led by a diverse panel of leaders from fintech, banking, payments, venture capital, and technology. The global award ceremony will take place at Money20/20 USA in Las Vegas on Sunday, October 18.

“The Money Awards were built with one clear goal: to set a global standard for what excellence in fintech actually looks like,” said Grania Chesterton, VP of Awards at Money20/20. “What makes them different is who decides. Our Jury Presidents and Global Jury are the operators, founders and innovators building this industry in real time. To be recognised by them isn’t just a win, it signals to the market, your peers and the world that your work truly matters.”

This year’s program centers on five main award categories that reflect the priorities shaping the future of financial services.

Each category is led by a distinguished Jury President representing global expertise across financial services and technology. An independent Global Jury will join them and evaluate submissions through a transparent, multi‑stage process, including online assessments and in‑person deliberations at Money20/20 USA in October 2026.This year’s Jury Presidents include:

Diamond Award Category: Leading the program’s most prestigious category, Mary Ellen Iskenderian, President & CEO, Women’s World Banking, brings decades of global influence in financial inclusion to her role as Jury President for the Diamond Award category.

“The Money Awards 2026 come at a time of rapid industry transformation, where innovation must be both bold and inclusive. The Diamond category sets the highest standard, recognizing work that not just advances financial services but also revolutionizes what is possible. I am honored to lead this year’s Jury and to celebrate organizations that are elevating global standards for outstanding achievement and meaningful progress.” said Mary Ellen Iskenderian, President & CEO, Women’s World Banking.

Startup (Early Stage & Growth Stage): Overseeing the Startup category, Osama Bedier, Investment Partner, NYCA Partners, draws on his deep experience as a founder, operator, and investor to champion the next generation of fintech innovators.

“Every decade or so, a technology shift reshapes how money moves — from the web, to mobile and now to AI. The most important breakthroughs rarely start inside large institutions; they begin with founders willing to rethink first principles. The Money Awards 2026 shine a spotlight on those founders and teams pushing our industry into its next era. Leading the Early & Growth Stage jury gives me the chance to champion the bold ideas, the hard‑won progress, and the extraordinary execution that will determine the future of money. It’s a privilege to recognize the people who are not just imagining what comes next, but actively creating it” saidOsama Bedier, Investment Partner, NYCA Partners.

Banking: Shruti Patel, EVP, Business Banking; Chief Product Officer, U.S. Bank, leads the Banking category and draws on her experience building products and leading U.S. Bank’s business banking solutions portfolio.

“Banking is evolving rapidly, and it is essential to develop solutions that build trust, boost resilience, and deliver real value to customers. I am honored to chair the Banking jury for 2026 and look forward to recognizing innovators who demonstrate what purposeful and ambitious modern banking can achieve. The Money20/20 Money Awards celebrate the visionaries reshaping financial services—from digital pioneers to those expanding access and opportunity to help drive economicgrowth. We’ll be recognizing institutions that prove modern banking can be both technologically sophisticated and deeply human-centered.” Said Shruti Patel, EVP, Business Banking; Chief Product Officer, U.S. Bank

Payments: As Jury President for the Payments category, Dave Excell, Founder, Featurespace, a Visa Solution, leverages his pioneering work in fraud and risk technology to spotlight breakthroughs shaping global money movement.

“The payments ecosystem stands at a pivotal moment where innovation, security, and customer experience must converge to create truly holistic solutions. As technology reshapes how we transact, the need for adaptive, real-time fraud detection has never been greater. I’m excited to serve as Jury President for the Payments category at the Money Awards, where we’ll celebrate the pioneers driving this evolution. We’ll be recognizing companies that understand what drives the best payment experiences to make them accessible to all.” said Dave Excell, Founder, Featurespace, a Visa Solution

Partnerships & Strategic Alliance: Leading the Partnerships & Strategic Alliance category, Garry Sien, Chief Innovation & Solutions Officer, International, Ant Digital Technologies, brings a global innovation lens shaped by his work driving Ant Digital Technologies’ international strategy.

“The Money Awards 2026 highlight just how much collaboration fuels progress across the global financial ecosystem. Partnerships and strategic alliances are where vision turns into real‑world impact, bringing together diverse strengths, shared ambition, and the willingness to build something superior to what any one organisation could achieve alone. I am proud to lead this year’s Jury as we recognize the cross‑industry collaborations that are creating new value, accelerating AI innovation, and moving financial services forward worldwide.” said Garry Sien, Chief Innovation & Solutions Officer, International, Ant Digital Technologies.

The program will conclude with the announcement of the 2026 Money Awards Trophy winners at Money20/20 USA. Additional recognition moments at Money20/20 Europe and Money20/20 Asia will provide global visibility for honorees. Winners will receive a bespoke trophy and year‑round exposure across Money20/20’s platforms, including exclusive speaking opportunities, media coverage, investor visibility, and access to global networking at all Money20/20 events.

Applications for entries are now open. For details on categories, judging criteria, and entry instructions, visit www.money2020.com/awards.

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/2026/03/05/the-money-awards-by-money20-20-unveil-global-jury-presidents/

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Second private Building Consent Authority approved

Source: New Zealand Government

The launch of New Zealand’s second private Building Consent Authority (BCA) will add competition and capacity to the building consent system, Building and Construction Minister Chris Penk says.

“Easing the paperwork burden and cutting red tape out of our famously unproductive building consent system is a key part of this Government’s efforts to make it easier, faster and more affordable to build the homes and infrastructure Kiwis need,” Mr Penk says.

“We’ve committed to changes that will take lower risk building work out of council hands and back into the hands of trusted tradies, including the introduction of self-certification schemes and a now effective consent exemption for granny flats.

“On top of this, it’s encouraging to see competition and capacity growing in the building consent system, with Farsight NZ Limited Partnership now approved as a private Building Consent Authority.

“Farsight is the second standalone private BCA to get the green light, following Building Consent Approvals Limited in May last year.

“Farsight will handle all key building control tasks for its client Summerset, including processing and approving consents, inspecting work during construction, issuing code compliance certificates, and taking enforcement action if required.

“Summerset is one of New Zealand’s largest residential builders, and having its own BCA will bring greater consistency and certainty in how the Building Code is applied across its developments nationwide, helping speed up the delivery of much-needed retirement homes for Kiwis.

“By covering a substantial number of building projects, Farsight will also take pressure off council Building Consent Authorities that would otherwise have undertaken the work, allowing them to focus on other projects, which over time can lead to faster approvals across the wider system. 

“Consumer protections remain strong because all BCAs, public or private, must meet the same legal requirements. The Ministry of Business, Innovation and Employment (MBIE) only approves those that are fully accredited, run by ‘fit and proper’ persons, and able to manage the liabilities of their role.

“This Government is fixing the basics and building the future. Approving providers like Farsight strengthens the building consent system, giving New Zealanders more choice, better service, and faster, more efficient results.” 

Notes to editor:  

There are now 69 BCAs responsible for delivering building control functions in New Zealand: 66 territorial or regional authorities (councils), two private BCAs (BCAL Limited and Farsight) and an independent division of Kāinga Ora – Homes and Communities (Consentium).  
To be registered as a standalone or private BCA an organisation must gain accreditation from International Accreditation New Zealand (IANZ) and be able to demonstrate to the Ministry of Business, Innovation and Employment (MBIE) that it:

meets a ‘fit and proper person’ test (including requirements for impartiality and independence, conducting business responsibly, acting professionally etc), and
has adequate means to cover civil liabilities that may arise from their operation as a BCA and that effective consumer protection is provided by whatever arrangements are proposed.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/05/second-private-building-consent-authority-approved/

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ChamberWorks helps employers build teams

Source: New Zealand Government

Social Development and Employment Minister Louise Upston says a new partnership which supports business owners with their hiring decisions will help get more Kiwis into work.

ChamberWorks launched in Auckland today, as a partnership between the Ministry of Social Development (MSD) and New Zealand Chambers of Commerce.

“This is an exciting new development, and I welcome the joined-up approach between MSD and the Chambers,” Louise Upston says. 

“ChamberWorks will support more successful job placements and will be a valuable recruitment service for employers, helping them to find the right people for their vacancies.

“It aligns workforce needs with job seekers, meeting a gap in the market. Employers frequently tell me recruitment is one of the biggest challenges they face.

“It makes sense for these two key groups to work together because MSD has the largest talent pipeline of workers in the country. They’re also able to support the recruitment process with access to training and online learning.

“Along with MSD, I share the Chambers’ commitment to supporting businesses to build capable teams and getting job seekers into work. Working together, we can deliver more.

“Our Government is committed to fixing the basics and building the future for New Zealand. Getting more Kiwis into work is key to this,” Louise Upston says. 

ChamberWorks will be available nationally across the 23 New Zealand chambers and each will partner with MSD and collaborate on workforce plans, events and opportunities. 

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/05/chamberworks-helps-employers-build-teams/

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New Zealanders feeling the pinch of rising inequality, think tank says

Source: Radio New Zealand

123RF

A think tank says New Zealanders can see and feel rising inequality.

Wellbeing Economy Alliance Aotearoa released polling suggesting most people agree billionaires should pay more tax.

Carried out by Talbot Mills, 68 percent of respondents agreed with the ultra wealthy being taxed more to support public goods like healthcare, housing and climate action.

Thirteen percent disagreed in the poll from 11-26 February of 1033 people.

Half of people surveyed – 50 percent – agreed there should be no billionaires while people struggle affording the basics like housing, food and healthcare.

Think tank director Gareth Hughes told Midday Report there is deep unease about how the economy is handling challenges like housing and the cost of living.

“Kiwis know that our tax system isn’t fair, it’s putting too much of the responsibility on workers, on things like GST, which are incredibly regressive,” he said.

“Yes, they would like those ultra-wealthy to be contributing more for our health and education system.

“That’s two-thirds agree that billionaires should be paying more to fund these public services.”

The numbers were closer together in another question in the poll – whether there should be a “billion-dollar wealth cap” or maximum amount of wealth a person can have.

Among the respondents, 37 percent agreed, while 34 percent disagreed.

“Oh, personally, I would be comfortable with that,” Hughes said.

“I think once you had a billion dollars you could get a certificate saying you’ve won capitalism and you could contribute to society.”

Hughes said he was part of a global network working to try to redesign the economic system “to deliver wellbeing for people and nature”.

He said it was a topic being raised overseas, and Wellbeing Economy Alliance Aotearoa wanted to test the idea in New Zealand.

“I acknowledge it’s a pretty new idea for New Zealanders, the idea of wealth caps,” he said.

“But remember, once upon a time we had very high marginal tax rates for the super wealthy in this country to contribute towards society.”

The National Business Review‘s annual rich list reported last year that New Zealand had 18 billionaires, up from 16 the year before.

“I think the big message though is that billionaires around the world and through corporate influence in New Zealand has seen a system which advantages them,” said Hughes.

“It’s very hard for people to pull themselves by their bootstraps today, you can almost say the ladder’s being pulled up behind the super-wealthy.”

Hughes said it was up to political leaders to put their solutions to the public.

On the question of billionaires paying more tax, 71 percent of people under 30 were supportive, and also 71 percent of people 30-44.

Sixty-eight percent of people 45-59 agreed and 64 percent of people polled over 60.

Eighty percent of Labour and Green voters agreed, 69% percent of Te Pāti Māori voters, 67 percent of the poll’s New Zealand First supporters, 58 percent of National and 44 percent Act.

The poll responses:

How strongly do you agree or disagree with the following:

  • The economic system in New Zealand is not set up to effectively address the big issues like housing, healthcare, and climate change. 66% total agree. 10% total disagree.
  • No one should be a billionaire while so many people struggle to afford basic necessities like housing, food, and healthcare. 50% total agree, 24% total disagree.

How strongly do you support or oppose the following in NZ:

  • Billionaires paying more tax to fund public goods like healthcare, housing, and climate action. 68% total agree. 13% total disagree.
  • Introducing a billion-dollar wealth cap – a maximum amount of wealth any person can legally hold. 37% total agree. 34% total disagree.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

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

LiveNews: https://livenews.co.nz/2026/03/04/new-zealanders-feeling-the-pinch-of-rising-inequality-think-tank-says/

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AEON Bank Launches Seamless Zakat Payments for Ramadan Through Partnership with Tulus Digital

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 4 March 2026 – AEON Bank, the first digital Islamic bank in Malaysia, has gone live with its Zakat feature on its digital banking app, making it easier than ever for Muslim customers to fulfil their mandatory obligation of Zakat Fitrah payment during the month of Ramadan.

This Zakat payment feature is made possible through a strategic partnership with Tulus Digital, an Islamic social finance fintech platform that serves as an authorized agent of the State Zakat authorities, including Pusat Pungutan Zakat MAIWP and Lembaga Zakat Selangor. Together, the collaboration provides a sah, secure, seamless end-to-end digital solution that effectively brings the Zakat payment directly to customers’ smartphones.

AEON Bank’s Chief Executive Officer, YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz said, “At AEON Bank, we believe that digital banking should be more than just about managing money; it should also support your lifestyle and values. By enabling the Zakat feature in our app, we are fulfilling the amanah to make mandatory religious obligations as convenient and stress-free as possible. This partnership with Tulus Digital is about merging ethical technology – just in time for Ramadan, allowing our customers to focus on their Rukun Islam amal ibadah while we facilitate the technical details.”

Why Paying Your Zakat via AEON Bank App is Sah and Seamless

  • Ultimate Convenience : No queues, no physical counters. Pay anytime, anywhere, in just a few steps.
  • Comprehensive Coverage : It supports 11 types of Zakat, including Zakat Fitrah, Pendapatan (Income), Perniagaan (Business), Emas (Gold), KWSP and more.
  • Built-in Shariah Integrity : Every Zakat payment includes the digital Aqad (contract), ensuring your contribution is sah and compliant with Shariah principles.
  • Automated Record-Keeping : Receive an immediate in-app receipt and a formal notification from Tulus Digital. Official tax-deductible receipts from state authorities are easily accessible via their respective portals.

Tulus Digital’s Commercial Director, Ubaida Othman, added, “Our key focus is to enable secure, Shariah guided digital payments and social finance solutions. Tulus Digital provides payment settlement via secure API integrations, mobile applications, and enterprise-grade payment rails, directly into institutional bank accounts, serving state zakat authorities, corporate partners, and financial institutions across Malaysia. Through our strategic partnership with AEON Bank, we are committed to strengthen the country’s Islamic finance digital economy by combining ethical technology, Shariah governance, and purpose-driven financial innovation.”

Pay Your Zakat in 4 Simple Steps

Step 1 : Log in to the AEON Bank app
 Download the AEON Bank app and activate your Savings Account-i.

Step 2 : Select “Zakat” icon on the app’s home screen
Click on the Zakat app on the Home screen and choose the authorised Zakat agency and the type of Zakat contribution.

Step 3 : Enter required details
Fill in the necessary payment information, including the number of dependents or selected rice category (for Zakat Fitrah only).

Step 4 : Confirm and complete payment
 Review the details, click on the ‘T&C’ and ‘Aqad’, and authorise the transaction securely within the app to complete your Zakat contribution.

Upon successful payment, customers will receive :

  • Zakat payment receipt within the AEON Bank app
  • Zakat payment notification email from Tulus Digital, sent to the customer’s registered email address
  • Official Zakat receipt issued by the respective Zakat agency, accessible via the agency’s website

The introduction of the Zakat feature on the AEON Bank app further strengthens the Bank’s suite of digital utility services, seamlessly integrating financial and Shariah obligations in one secure digital platform. The service currently facilitates payments for Lembaga Zakat Selangor and Pusat Pungutan Zakat MAIWP, and AEON Bank will progressively enable contributions to other state Zakat authorities in the near future – all part of its commitment to expand accessible and trusted digital financial solutions anchored on Shariah governance and integrity.

Click HERE to visit AEON Bank’s website and download the AEON Bank app on the App Store or Google Play Store.

https://aeonbank.com.my/
https://www.linkedin.com/company/aeonbankmy
https://www.instagram.com/aeonbankmy

Hashtag: #AEONBank

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/2026/03/04/aeon-bank-launches-seamless-zakat-payments-for-ramadan-through-partnership-with-tulus-digital/

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76% of New SaaS Buyers Now Choosing AI-Native Plans Over Traditional Software, SleekFlow Platform Data Shows

Source: Media Outreach

As the global “SaaSpocalypse” reshapes enterprise software, data from the Asia-headquartered AI commerce platform reveals a decisive shift in how businesses are buying and deploying technology.

SINGAPORE – Media OutReach Newswire – 4 March 2026 – New data from SleekFlow, an AI-native agentic commerce platform serving over 2,000 businesses across 80 countries, points to a sharp shift in software buying behavior. In Q4 2025, 76% of newly acquired customers on the platform bypassed traditional messaging tiers entirely and signed up directly for AI plans. Many upgraded their usage within 90 days.

The data arrives amid what Wall Street has dubbed the “SaaSpocalypse” — a sector-wide sell-off that has erased hundreds of billions in market value from legacy SaaS companies as investors reassess traditional per-seat software models in an agentic AI world. SleekFlow’s numbers tell the story from the buy side: businesses aren’t experimenting with AI cautiously. They’re choosing it outright at the point of purchase.

Since launching AgentFlow in July 2025 — a platform that lets businesses build and deploy autonomous AI agents across messaging channels — SleekFlow has tracked a rapid acceleration:

  • 76% of new customers chose AI-native plans over basic tiers in Q4 2025
  • 64% quarter-on-quarter growth in new customer acquisition
  • 25% quarter-on-quarter revenue growth
  • Self-serve sign-up rates nearly doubled since the AgentFlow launch

“The market is moving past the era of static tools,” said Henson Tsai, Founder and CEO of SleekFlow. “Businesses are no longer buying software to make their teams more efficient. They’re buying AI agents that function as a digital workforce.”

SleekFlow’s AI agents operate across WhatsApp, Instagram, and live chat, handling the full customer journey — from inquiry to product recommendation to payment processing — without human intervention. The platform’s underlying AI continuously learns from millions of daily messages and customer interactions, building an evolving understanding of each customer’s history and autonomously identifying gaps in its own knowledge. The company calls this approach “agentic commerce” — AI that doesn’t just chat, but transacts.

The shift is being felt at enterprise scale. HKBN, the publicly-listed Hong Kong telecommunications company, deployed AgentFlow earlier this year. Kenneth She, HKBN’s Chief Transformation Officer, said the deployment changed the company’s entire growth trajectory.

SleekFlow is now expanding its agent suite to include specialized AI for data analysis, customer retention, and pricing optimization. The company’s technical roadmap is led by a Silicon Valley veteran and former CTO of LinkedIn China. Tsai expects SleekFlow to more than double its revenue year-over-year by the end of 2026.

“The winners of 2026 won’t be those who adopted AI,” Tsai said. “They’ll be those who were rebuilt by it.”

https://sleekflow.io/
https://www.linkedin.com/company/14559283/admin/dashboard/
https://www.instagram.com/sleekflow/

Hashtag: #SleekFlow #Software #Saas #Business #Technology #CustomeEngagement #Startup

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/2026/03/04/76-of-new-saas-buyers-now-choosing-ai-native-plans-over-traditional-software-sleekflow-platform-data-shows/

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Speech to second Pacific Stakeholder Fono

Source: New Zealand Government

Tēnā koutou katoa, and warm Pacific greetings to you all. Thank you for the opportunity to gather for this important fono. 

I want to begin by thanking Reverend Hiueni for opening today’s fono and bringing us together in prayer this morning.  

Thank you also to MC Fuimaono for your welcome and introduction. 

I also acknowledge Public Service Commissioner Sir Brian Roche.  

I also want to greet former parliamentary colleagues Dame Winnie Laban, Aupito William Sio and the Honourable Alfred Ngaro. Thank you for your longstanding commitment to Pacific peoples in New Zealand. 

To our Pacific leaders and public sector leaders, thank you for attending this second Stakeholder Fono and for the valuable insights you shared at the first gathering in November. 

Scene setting 

At the first fono, you heard from senior officials who provided important context about the global, geopolitical and domestic pressures shaping our environment. These forces are changing the face of how we work, how community needs are changing, and how the public sector must respond.  

New Zealand is of the Pacific, and our country is enriched by the strength, culture, and contribution of Pacific peoples. Your success is New Zealand’s success. Pacific communities are among the youngest and fastest-growing in the country. That growth represents enormous potential; for families, for communities, and for the future workforce and economy. 

That is why the Government is focused on delivering practical improvements in the areas that matter most: safer communities, better education, stronger health outcomes, secure housing, and real economic opportunity. 

Delivering for Pacific Communities Strategy 

Not long after the first fono, the Ministry published its Delivering for Pacific Communities Strategy, a practical three-year plan to ensure Pacific peoples benefit directly from government policies and programmes. 

The Strategy focuses on the priorities Pacific communities told us matter most: economic opportunity, health, housing, education, and law and order, the fundamentals that support strong families and thriving communities. 

Across these areas, the Government is committed to delivering real results, not just intentions. 

I will briefly precis these areas of law and order, education, housing, health and economic opportunity. 

Law and order 

Good societies are safe societies. In the 2025 Global Peace Index, New Zealand ranked third highest. Safety is foundational. Pacific peoples are disproportionately affected by crime, and we need to continue to address the drivers and the remedies. 

We have taken strong steps to restore law and order. There were 49,000 fewer victims of violent crime in the year to October 2025 than there were in October 2023. Ram raids are down by 85 per cent and there has also been a 22% drop in serious repeat youth offending compared to when we took office – well ahead of our target of a 15% reduction by 2030. 

Alongside this, we are supporting community-led pacific initiatives that make a difference on the ground. For example, the Government is investing $1 million over four years in the Auckland Pacific Wardens Trust, recognising the vital role Pacific Wardens play in keeping people safe and strengthening community wellbeing. 

Safer communities allow families, businesses, and young people to flourish. 

Education 

Education is the pathway to social mobility and improved quality of life. Social investment insights tell us the huge impact education has on our life’s trajectory. 

Pacific learners, on average, face lower achievement across several indicators. To address this, we are seeing the highest shakeup in education in years. We have mandated one hour each of reading, writing, and maths every day, supported by structured literacy and phonics checks to improve reading outcomes. 

We are already seeing progress. The proportion of new entrants meeting expected phonics levels has risen from 36 per cent to 58 per cent. 

At the same time, programmes such as Tupu Aotearoa are creating pathways into employment, education, and training. We have already exceeded our target, placing more than 1,000 Pacific people into new opportunities. 

I am also encouraged by the huge increase in Pacific People enrolling in tertiary education. 

Investment in STEM is also important to participate in jobs and the workforce of the future. The Toloa Scholarships programme is seeing hundreds of Pacific students supported to carry out study in fields vital to New Zealand’s future. 

Here is where we are cutting new ground with the Ministry. I have ministerial responsibility for the Integrated Data Infrastructure (IDI) and in June I also safely uploaded the largest amount of data ever into the IDI. As part of this I also recently uploaded Toloa Scholarship data into the IDI. The first grant-related data set to ever go into the IDI. This will provide two sets of insights: a look back at the attributes of the recipients, and a look forward to data insights of attributes of success. 

Education is not just for youth but for adult learners also, and programmes such as MSD’s Alo Vaka are helping Pacific adults build skills and economic security, supporting over 300 people into better employment or business opportunities, and helping participating households increase incomes by around $9,000 to $12,000 on average. 

I am also exploring converting the certificates of completion that people receive from the Centre for Pacific Languages into micro-credentials that then sit on their CV for future stacking. This will add immense value. 

Health is closely linked to housing, both of which are key priorities for this Government. 

We have made significant investment into Pacific housing initiatives, totalling $150 million. 

We are cutting some never-trod ground in Pacific health. Healthy Homes is an HNZ initiative directed at improving young people’s health outcomes against ED attendance, and against off-work and off-study impacts.  

Do healthy homes also benefit older people? In 2024, I landed the Pacific Healthy Homes Initiative which for the first time in any agency includes older people in the eligibility criteria. More specifically, Pacific people over 45 years with an ASH condition. We commissioned Otago University for before and after assessments. Initial data concludes older Pacific people benefit from warmer homes.  

The programme is achieving real results, including delivering more than 5,200 interventions to date, such as insulation, heating and minor repairs in Pacific households. 

We are investing $35.9 million to deliver 41 homes through the Pacific Building Affordable Homes Fund, and it has been a privilege to personally open Penina homes in South Auckland, and the Pacific Trust in the Waikato, and providers in New Brighton, Christchurch.  

The Our Whare Our Fale programme in Eastern Porirua, shows the power of partnership between iwi, community organisations, and government to improve economic and health outcomes for families.  

Supported by a substantial $114 million Government investment over three years, it will deliver up to 300 affordable homes by 2034. On assuming the portfolio three years ago, this was still requiring sign off, but for me the vision was impactful and the implementation deliverable. 

I signed it off, and the first stage has already delivered 18 warm, energy-efficient homes and a communal fale, and I was glad to be there with Minister Potaka and Sir Bill English to mark its completion.  

This project will support families into stable homes designed for multigenerational living, with families expected to begin moving in by the end of the year.  

Homes are kept affordable through shared-equity support, perpetual land leases from Ngāti Toa that remove land costs, and construction at cost rather than market rates.  

I want to acknowledge Central Pacific Collective, Te Rūnanga o Toa Rangatira, and the Ministry for Pacific Peoples for their collaboration on Our Whare Our Fale.  

It is an initiative that is delivering real results, with a further 32 homes expected by late 2026 and ongoing employment throughout construction.  

Strong financial capability supports long-term economic resilience and home ownership, which is why the Ministry funds 12 providers to deliver the Financial Capability Programme across New Zealand. 

Since July 2025, 674 individuals completed financial literacy training and 266 were supported with tailored home ownership plans. 

Together, these initiatives enable Pacific families to step into home ownership while also creating Pacific-led construction and employment opportunities. 

The progress in Pacific-led affordable housing reflects the Government’s broader focus on fixing the housing system and enabling long-term supply. 

Alongside this work, the Government is focused on unlocking land for housing, supporting infrastructure, and reducing the barriers and costs that slow down building. 

Health  

Unfortunately, we know that Pacific peoples continue to experience poorer health outcomes, which is why improving frontline health services is a priority. 

Recent results show encouraging progress on the targets that matter most for families: 

  • Childhood immunisation rates at age two have risen to 82.6 per cent, the largest improvement across all targets 
  • Faster cancer treatment, supported by $604 million funding for new medicines 
  • Shorter emergency department stays despite higher demand 
  • Reduced waiting times for specialist appointments and elective procedures  

Our Elective Boost has delivered thousands of additional surgeries that make a real difference to people’s lives – hip and knee replacements, cataract surgeries, and other procedures – helping people return to work, family life, and the activities that give them purpose. 

Economic Opportunity 

Economic growth is central to long-term wellbeing. 

Pacific communities are a powerful driver of New Zealand’s economy, and strengthening Pacific businesses creates jobs and prosperity that benefit everyone. 

Unfortunately, we know Pacific unemployment is unacceptably high. The cost-of-living crisis, an economic downturn and high inflation hit our most vulnerable communities the hardest. 

That is why we have prioritised practical initiatives to support Pacific communities into sustainable employment and economic opportunity.  

Alo Vaka has provided targeted support to over 1,200 individuals and supported more than 300 individuals into better employment. 

We are investing in programmes such as the Pacific Business Trust, which has created hundreds of new jobs. 

Our Toloa Scholarships Programme will see hundreds of secondary students supported through strong education to employment pathways in high growth industries, enabling skills that are critical for the future economy. 

Pacific people already play a vital role across essential industries. Strengthening skills, entrepreneurship and leadership will lift productivity and competitiveness across the country. 

At the same time, this Government is focused on getting the broader economic settings right. Inflation has already more than halved from its peak, easing pressure on families and businesses, and we have lifted the incomes of working households experiencing hardship through tax relief and more affordable childcare. While it is encouraging to see inflation trending downward and pressure beginning to ease, we know there is still more work to do. 

Our young people are our greatest asset and backing them to succeed is essential to building a stronger future for New Zealand. 

Pacific youth are one of the youngest and fastest-growing population groups in New Zealand, and their wellbeing will shape our collective future. 

They carry Pacific languages, cultures, and identities forward. They are not only the leaders of tomorrow, but innovators and change-makers of today. 

I warmly acknowledge our Youth Panel – Lyonah, Tyler, Lupe, and Kaiata. Your perspectives ensure policies remain grounded in lived experience and focused on real opportunities. 

When young people are equipped to thrive, our communities and our economy thrive with them. 

Thriving Pacific communities 

Across all these areas, safety, education, health, housing, and economic opportunity, the goal is the same: strengthening the fundamentals so Pacific families can thrive. 

When communities are safer, children are learning, people can access timely healthcare, families have stable homes, and businesses are growing, the benefits extend far beyond any one group. Strong Pacific communities contribute to a stronger New Zealand. 

Progress takes sustained effort, partnership, and trust. Government can’t do this alone, and we value the leadership and expertise within Pacific communities. 

Lastly, as the previous Ministers here will agree, it’s a great privilege to be the Minister for Pacific Peoples and to be able to engage and support the Pacific community in New Zealand. In this task, I am ably supported by the staff here at the Ministry for Pacific Peoples.  

I know there has been some discussion in the previous months regarding the Ministry for Pacific Peoples and where it sits within the structure of government. I want to be clear with everyone here that I believe it is important that there is strong voice for Pacific peoples within government, both at a ministerial level and within the public service. I am also very proud of the Ministry being in the top agencies or better across a range of public service performance measures reported over the recent months. 

The Prime Minister has said there will be no structural change regarding the ministry in this term of Government. 

That’s not to say that there isn’t room for improvement. This government believes that the entire public service needs to do better to ensure they are truly delivering for the communities they serve. That includes things like improved efficiencies, through use of AI and streamlining back-office services. Others will speak more on this. 

Conclusion  

In closing, thank you for coming here today and prioritising this fono. 

Ngā mihi ki a koutou. 

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/04/speech-to-second-pacific-stakeholder-fono/

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Geopolitical instability and interconnected risks raise fears of Black Swan scenarios

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 4 March 2026 – Despite seeming predictable in hindsight, Black Swans are unexpected or unforeseen events that are highly disruptive and economically damaging. Examples include the 9/11 attacks of 2001 in the US, the 2008 global financial crisis, and the Covid-19 pandemic. Allianz Research estimates cumulative global GDP losses from the pandemic between 2020 and 2023 to be in the region of US$12trn.In addition to the huge financial and business costs, such events typically have long-lasting implications, resulting in geopolitical and societal shifts that continue many years after the initial event. According to new Allianz Risk Barometer analysis, more than half of the 3,000+ respondents (51%) identify a global supply chain paralysis due to a geopolitical conflict as the most plausible Black Swan scenario globally which could impact their company in the next five years. Fear of a global internet outage ranks second (47%) which reflects the increasing awareness of cyber and artificial intelligence (AI) risks among business leaders.

Respondents in Asia Pacific also identified a global supply chain paralysis and global internet outrage as the two most plausible Black Swan scenarios; the former is ranked first in China and Hong Kong, Singapore, and South Korea, while the latter is ranked first in Australia, India, Japan, Malaysia, and Thailand.

Allianz Commercial CEO Thomas Lillelund comments: “Although Black Swan events are not seen to be immediately likely, these rare, high-impact scenarios are perceived as increasingly plausible and should be considered by executive boards given their potential consequences. Growing interconnectivity across both physical and digital supply chains means disruptions now cascade much faster and can turn into major losses. In today’s fragmented geopolitical environment, companies must double down on resilience and integrated risk management to ride out the next perfect storm.”

Geopolitics is a key driver for Black Swans
Given the current geopolitical environment, it is no surprise that supply chain paralysis resulting from a geopolitical conflict is regarded as the most plausible Black Swan scenario. The threats of tariffs, trade wars and protectionism, as well as disruption to supply chains and shipping caused by regional conflicts in the Middle East and Russia / Ukraine are at the top of every board agenda. Allianz Research estimates that cumulative GDP losses over a two-year horizon triggered by a global supply chain disruption on the scale of the war in Ukraine could total US$1.5trn. In fact, political-related risks stand out as a leading potential trigger for Black Swan events, according to respondents. Mass social unrest and political instability is regarded as the fourth most plausible scenario globally (29%) and is a top three risk in the Americas (31%) and Africa and the Middle East (41%) regions, as well as in France (42%), for example. A sudden collapse of a major financial institution or a sovereign debt crisis, leading to a global liquidity crisis and severe market volatility ranks third (30%).

Interconnectivity and interdependency of both physical and digital supply chains are potentially increasing vulnerability at a time of geopolitical uncertainty, rapid advances in technology, and climate change. Businesses and global supply chains are also more vulnerable to Black Swan events due to growing concentrations of economic activity reliant on a limited number of critical suppliers and products in areas like AI and digital services, semiconductors, rare earth processors and transition technologies.

Company size influences risk perception
Global supply chain paralysis due to a geopolitical conflict halting the movement of goods and raw materials ranks top for both large (>US$500mn annual revenue, 55% of responses) and mid-sized companies (US$100mn+ to US$500mn, 52%). In contrast, smaller companies (

“Awareness of Black Swans and the need to build resilience has increased in recent years, but businesses can never fully prepare for rare high impact events such as a global outage or an unforeseen climate-related catastrophe. Building organizational agility, fostering a risk-aware culture and developing scalable response plans for a range of scenarios remain the most practical steps to best prepare for Black Swan events. Insurers can play a critical role in helping businesses strengthen their resilience in areas such as cyber risk and support more informed decisions when assessing and selecting critical suppliers,” says Michael Bruch, Global Head of Risk Consulting Advisory Services, Allianz Commercial.

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

LiveNews: https://livenews.co.nz/2026/03/04/geopolitical-instability-and-interconnected-risks-raise-fears-of-black-swan-scenarios/

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Annual Plan: what’s happening with rates next year?

Source: Auckland Council

The council’s proposed Annual Plan 2026/2027 is out now for all Aucklanders’ to have their say. The plan includes a proposed rates increase of 7.9 per cent for the average value residential property.

What does the annual plan mean for next year’s rates?

Each annual plan sets out rates for the year and the average increases or changes ratepayers can expect. A 7.9 per cent rates increase for the average value residential property is proposed for 2026/2027 (for the average value residential property).

Rates make up less than 40 per cent of council income and contribute significantly to the quality of life Aucklanders’ have. They help maintain and enhance the infrastructure, parks, facilities, activities and services that make Auckland a great place to live. 

Rates help us invest in services and activities for our communities – improving public transport, maintaining parks, museums and art galleries, environmental services, rubbish collection and community facilities.

What’s the extra rates delivering?

A major highlight this year is the expected start of the City Rail Link (CRL), which will transform Auckland’s public transport. The CRL is a key investment for Auckland and is bringing a range of benefits to Auckland. 

As CRL opens in 2026, the council will have additional annual costs come into play. These costs are the primary driver of the 7.9 per cent rates increase. The CRL will enhance Aucklanders’ ability to move around the region by delivering more trains and quicker, easier journeys. It will also bring economic and environmental benefits.

2026/2027 will see the council invest $3.9 billion into new capital infrastructure projects across Auckland – helping deliver a region with the physical assets it needs to thrive and grow. We will also invest $5.3 billion into continuing essential services Aucklanders rely on (operating costs). For more highlight projects for 2026-2027, read on.

Will all ratepayers have an extra 7.9 per cent to pay?

Not every household will pay exactly 7.9 per cent more – that is the increase for the average residential property (valued $1.28 million). Rates vary based on the capital value of each property. Individual properties might also be subject to specific targeted rates which might impact the rates change. Our online rates guide provides estimated rates for each property. See our online rates guide. 

What is the average cost of rates?

For the average household, annual rates are proposed to increase by around $320 next year – from $4055 in 2025-2026 to $4375 in 2026/2027. This is a total weekly rates cost of around $84, or $6.16 more a week. 
These figures are based on an average $1.28m capital value (CV) residential property. Capital values help us share rates fairly across all property owners, and are only for setting rates.

How can I see what rates I will pay next year? 

To find out estimated rates for your property during 2026/2027, see our online rates guide. 

Are there changes to any targeted rates?

Targeted rates contribute to specific services or projects and are generally set across all ratepayers, or to specific ratepayers in certain areas.

Individual properties may see some changes to targeted rates. Proposed changes include:
–    the future of the Waitakere Rural Sewerage Scheme (affecting the associated targeted rate from 2027/2028 onward)
–    a proposed new local services targeted rate for Mangere-Otahuhu Local Board 
–    a proposed new local services targeted rate for Otara-Papatoetoe Local Board

There are also several proposed changes to other targeted rates:
–    a proposed reduction to the area of the Onehunga Business Improvement District (BID) and changes to the BID targeted rate
–    a proposed expansion of the Kingsland BID and changes to the BID targeted rate
–    a proposed reduction in the Rodney Drainage District targeted rate for properties in the Te Arai Drainage District.

What about business rates?

Under our rates policy, businesses contribute 31 per cent of the rates revenue. In 2026/2027, the rates for an average value business property ($3.89 million) will rise by 9.84 per cent. 

What about farm and lifestyle rates?

The rates for an average value farm/ lifestyle property will increase by 8.37 per cent in 2026/2027. 

Individual business and farm/lifestyle properties might also be subject to specific targeted rates which might impact the rates change. Our online rates guide provides estimated rates for each property. 

Rates increase numbers indicated in this article are subject to adoption of the council’s final budget in June 2026 and updated property information.

What is Auckland Council doing to cut costs?

Auckland Council is focused on delivering value for money and continues to forecast some of the lowest rates increases in New Zealand.  

While the overall rates rise is higher than the council would like – we have delivered savings and increased efficiency across the council that have helped reduce what could have been an even higher rates rise. 

For 2026–2027, we have set a savings target of $106 million, which includes an additional $20 million in annual savings as part of our ongoing commitment to financial sustainability. The $106 million equates to around 3.5 per cent of rates revenue.

In addition to savings, the council utilises value for money reviews, a Better Value Projects approach, a focus on non-rates revenue, sales of under-utilised assets and an ongoing focus on driving value for every dollar to manage new priorities and changing demands for the future.    

How are rates calculated?

Rates increases for individual residential properties may differ from the average 7.9 per cent. 

Rates vary based on the capital value of each property, its classification (residential, business farm or short-term accommodation) and location (urban or rural). Individual properties might also be subject to specific targeted rates. 

If a property’s value has increased (such as due to renovation work) or decreased, its rates increase might be lower or higher than the average change. 

Read more about rates on the council website.

Our online rates guide provides estimated rates for each property in 2026/2027.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/04/annual-plan-whats-happening-with-rates-next-year/

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Utilities – Improving billing a win for electricity consumers

Source: Utilities Disputes

Utilities Disputes, the independent disputes resolution service, is welcoming today’s decision by the Electricity Authority Te Mana Hiko on improvements to electricity billing, especially the limiting of back bills.
The change to back bills, which Utilities Disputes has been advocating for, will ensure there is greater consistency amongst electricity retailers, and will bring New Zealand into line with international best practice.
“This is a significant reform and fixes a big gap in consumer protection,” said Utilities Disputes Commissioner Neil Mallon.
“Back bills, sometimes covering years of accumulated charges, can cause enormous financial shock and distress for households and businesses alike. It shouldn’t be up to retailers to decide how far back to go.”
The Electricity Authority will limit retailers going back more than six months. A retailer charges back bills or catch-up bills when there have been faults in meter readings and other issues, which are generally not the fault of the customer. Often bills are large dating back to a year, even longer, before the fault has been detected.
“Today’s decision is welcome as it sets a clear, fair limit and gives consumers and retailers much greater certainty.
“We also submitted for retailers to have standardised billing information so consumers can easily find the info they need and welcome that as part of these changes which will be in place by 30 October 2026”.
Utilities Disputes is the free and independent resolution service for electricity, gas, telecommunications, and water complaints.
In the past year, Utilities Disputes considered 183 deadlocked complaints about back bills, making up 12 percent of all deadlocked energy complaints, those where the retailer and consumer have not been able to agree on a solution. The average value of all back bills complained about was $5,130, with residential back bills averaging $2,290 and commercial back bills averaging $18,280. Twenty percent of complaints involved back bills covering more than 14 months of usage, with the average value in that category reaching $9,760.
Utilities Disputes data shows a significant inconsistency in how retailers have approached back-billing, with some going back 14 months, others much longer, and in one case as far as 72 months. Consumers are often unaware that their bills have been based on estimates, leaving them blindsided when a large catch-up bill arrives. In some cases, retailers have then attempted to direct debit the entire amount in a single transaction.
“We have seen cases where businesses have been hit with back bills of $75,000 or more with the retailer attempting to debit the full amount from a customer’s account in one go without any warning or discussion. That is simply not acceptable. The consumer has little to no control over the errors that cause these bills, so it is right that the law now sets a clear limit on how far back retailers can go,” Neil Mallon said.
The reform will also create a more level playing field across the industry. Some retailers had already voluntarily limited their back-billing timeframes in response to the concerns of Utilities. Putting this into the Electricity Industry Participation Code means all retailers are held to the same standard.
New Zealand has lagged comparable markets on this issue. Victoria limits back-billing to four months, New South Wales to nine months, and the United Kingdom to 12 months.
“Six months is a significant reduction, but it can still mean a substantial bill for some customers. We encourage retailers to work proactively with them well before a back bill is issued, and to offer flexible payment plans where large amounts are involved. The goal here is ensuring customers are treated fairly throughout the process,” Neil Mallon said.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/03/utilities-improving-billing-a-win-for-electricity-consumers/

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EIT remembers honorary graduate and business leader Sir Selwyn Cushing

Source: Eastern Institute of Technology

45 seconds ago

EIT is remembering Sir Selwyn Cushing, a prominent Hawke’s Bay business leader and honorary graduate, following his recent passing.

Sir Selwyn passed away on February 10, aged 89. He was awarded an honorary Bachelor of Business Studies by EIT in 2000, recognising his outstanding contribution to business and his strong support for education in Hawke’s Bay.

EIT Sir Selwyn Cushing was awarded an honorary Bachelor of Business Studies by EIT in 2000 in recognition of his contribution to business and education in Hawke’s Bay.

He was appointed a Companion of the Order of St Michael and St George (CMG) in 1994 for services to business management and was made a Knight Companion of the New Zealand Order of Merit in 1999 for services to business, sport, and the arts.

Hastings Deputy Mayor Michael Fowler, who was a senior accounting lecturer at EIT from 1997 to 2018, said Sir Selwyn would be remembered not only for his professional achievements, but also for his character and commitment to the region.

“He was a really humble, honest man that loved Hawke’s Bay,” Michael said. “He never lost his down-to-earth roots.”

Sir Selwyn was a natural choice to receive the honorary degree when EIT began conferring its own Bachelor of Business Studies qualifications, Michael said.

“We were awarding our own Bachelor of Business Studies degrees for the first time in 2000, and I came up with the idea that he should be awarded an honorary BBS because he was one of our foremost business leaders in Hawke’s Bay.”

Sir Selwyn’s connection to education began early in his career. He qualified as a chartered accountant at just 19, becoming the youngest person in New Zealand to do so, and later taught accounting through the former night school system to support others entering the profession.

“He had a passion for education and believed in education. He taught accounting at night school because he wanted to help other people.”

Michael said Sir Selwyn was deeply honoured to receive recognition from EIT, reflecting both his professional achievements and his strong connection to the region.

“He was absolutely thrilled to receive it,” he said. “He was a Hawke’s Bay man and was proud that education had developed to the point where you could qualify to be an accountant at a polytechnic in Hawke’s Bay.”

John West, EIT Executive Dean, Faculty of Commerce and Technology, said: “EIT is glad to have been able to recognise such an important Hawke’s Bay leader through the award of an honorary degree. Sir Selwyn leaves a business legacy, not only through our region but national and internationally.”

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/03/eit-remembers-honorary-graduate-and-business-leader-sir-selwyn-cushing/

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Bridge Data Centres and Concord New Energy to Develop Singapore’s First Barge-Based Hydrogen Power Generation Solution for AI-Ready Digital Infrastructure

Source: Media Outreach

SINGAPORE- Media OutReach Newswire – 2 March 2026 – Bridge Data Centres (BDC) and Concord New Energy (CNE) have signed a Memorandum of Understanding (MOU) to jointly develop Singapore’s first barge-based hydrogen power generation solution tailored for next-generation AI digital infrastructure, marking a significant milestone in advancing low-carbon energy pathways for the data centre sector.

Mr Eric Fan, Chief Executive Officer of Bridge Data Centres (left) and Mr Joe Zhou, Group Vice President and Chief Executive Officer, Global Business of Concord New Energy (right) signed a Memorandum of Understanding to jointly develop Singapore’s first barge-based hydrogen power generation solution tailored for next-generation AI digital infrastructure.

The partnership represents a strategic step in BDC’s long-term roadmap to diversify power sourcing pathways, enhance energy security, and future-proof its Singapore data centre portfolio amid evolving grid constraints and decarbonisation dynamics.

The collaboration brings together BDC’s extensive expertise in developing and operating hyperscale data centres across Asia Pacific and CNE’s technical leadership in renewable and hydrogen energy systems. The parties will also collaborate with Nanyang Technological University (NTU), one of the world’s top universities, to support the development of Singapore’s hydrogen ecosystem Together, the parties will accelerate the research, engineering, and deployment of scalable clean energy solutions across the value chain.

Integrated Renewable and Hydrogen Pathways

Under the MOU, the parties will explore advanced power system architectures and generation configurations designed to enhance the resilience and reliability of AI-ready data centre campuses.

A key focus of the collaboration is the development of Singapore’s first barge-based hydrogen power generation model — an innovative marine-integrated deployment approach designed to deliver flexible and modular clean power capacity.

Compared to conventional land-based generation assets, a barge-based configuration offers structural advantages particularly suited to Singapore’s operating environment, including optimisation of scarce land resources through offshore or nearshore deployment, enhanced safety risk segregation between hydrogen handling infrastructure and core data centre operations, and greater flexibility in hydrogen transport and storage leveraging Singapore’s maritime ecosystem.

In parallel, the parties will develop scalable hydrogen supply chain frameworks covering storage, transport, and system integration to support high-density, AI-driven digital infrastructure. The alliance will also assess customised long-term power procurement structures, including renewable power purchase agreements (PPAs) and integrated energy storage solutions, to enhance operational flexibility and overall energy system resilience.

Mr Eric Fan, Chief Executive Officer of Bridge Data Centres, said, “The accelerating demand for AI-ready data centres requires new energy architectures that are resilient, scalable, and sustainable. This collaboration with Concord New Energy reflects our commitment to diversifying long-term power pathways. By pioneering Singapore’s first barge-based hydrogen generation solution, we are exploring innovative models that integrate clean energy with advanced digital infrastructure.”

Mr Joe Zhou, Group Vice President and Chief Executive Officer, Global Business of Concord New Energy, said, “Singapore’s hydrogen ambitions and its position as a global maritime and energy hub create a strong foundation for piloting advanced hydrogen power solutions. Through this partnership, we aim to contribute engineering expertise and scalable system design to support the decarbonisation of AI-intensive data centre environments.”

Advancing Singapore’s Clean Energy and Digital Infrastructure Ambitions

The collaboration is expected to anchor advanced hydrogen system engineering and barge-based deployment capabilities within Singapore’s energy ecosystem. Through its Concord Clean Energy Research Centre, CNE will expand applied clean energy research and collaborate with local institutions, including NTU and public agencies, to drive the development of scalable clean hydrogen energy solutions in Singapore.

The partnership will facilitate structured knowledge transfer and local talent development in hydrogen systems integration, renewable optimisation, and advanced energy engineering. The initiative is expected to support the creation of high-value jobs and specialised technical competencies in these domains.

In addition, the collaboration is anticipated to catalyse investment in hydrogen-related infrastructure, including storage, transport, generation assets, and associated supply chains, strengthening Singapore’s clean energy transition.

As Singapore scales AI-driven workloads and high-performance computing capacity, energy reliability, flexibility, and sustainability are becoming decisive enablers of digital growth. The collaboration between BDC and CNE reflects BDC’s proactive strategy to future-proof its power architecture, diversify long-term sourcing pathways, and strengthen infrastructure resilience.

By anchoring advanced hydrogen engineering and marine-integrated deployment capabilities in Singapore — a global maritime and energy trading hub — the initiative not only strengthens Singapore’s ability to pilot innovative hydrogen solutions within a land-constrained urban environment, but also establishes a scalable offshore-integrated clean power framework that can be extended to Southeast Asia’s rapidly expanding AI-driven data centre markets.

Hashtag: #BridgeDataCentres

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/2026/03/02/bridge-data-centres-and-concord-new-energy-to-develop-singapores-first-barge-based-hydrogen-power-generation-solution-for-ai-ready-digital-infrastructure/

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Nina Hotel Island South Presents a New Look as an Urban Oasis

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 2 March 2026 – Nina Hospitality, the hospitality arm of Chinachem Group, announces the launch of a major renovation at Nina Hotel Island South, which first opened in 2010. The project redefines the property as an urban oasis on Hong Kong Island’s south side, with proximity to all of the island’s attractions, where comfort meets value. Located five minutes from Wong Chuk Hang Station and moments from Ocean Park and Aberdeen, the hotel now presents a transformed lobby alongside 432 newly refreshed guestrooms and Nina Communal, a vibrant communal lounge with bar and pantry facilities designed for families, business travellers and leisure visitors.

Nina Hotel Island South Presents a New Look as an Urban Oasis

“The over-HK$120-million renovation marks a significant milestone in our mission to deliver great value, comfort and a contemporary lifestyle experience for every guest,” said Simon Manning, Managing Director of Nina Hospitality. “Spaces have been designed to feel warm, flexible and family-friendly while offering convenient connections to Hong Kong Island’s attractions.”

Inspired by the Natural Landscape of Hong Kong Island’s South Side

Designed by LAUD Limited, the renovation draws inspiration from the natural landscape of Hong Kong Island’s south side, articulating a refined design language that is both grounded and elegant. The reimagined lobby combines sophistication with warmth, using natural wood, marble accents and soft lighting in an open layout that connects reception, lounge and communal areas. Curated seating zones provide comfort for families, business travellers and groups, transforming the lobby into both a welcoming gateway and a social hub.

Guestrooms continue this design narrative with open layouts that invite natural light into the space. Natural oak introduces warmth and tactile richness, while an ivory-toned palette expands spatial perception. Accents of safari brown leather and ivy green upholstery establish a contemporary yet natural harmony. Each element is carefully curated to evoke a calm, inviting retreat where interior and environment converge.

Nina Communal with Bar: A Vibrant Social Hub

Central to the enhanced guest experience is Nina Communal, unveiled as part of the newly reimagined lobby. As the Group’s signature brand offering — already established at Nina Hotel Tsuen Wan West and Nina Hotel Kowloon East — the Island South edition marks the third in the series, each with its own unique proposition. Spanning approximately 260 sqm, it serves as a communal lounge where guests can cook, eat, drink, socialise, work and play. The space features a pantry and a stylish bar that offers a relaxed setting for drinks and conversations, making it an ideal spot to unwind or gather with friends. It also offers travellers a modern space to work, meet, and network.

Inspired by urban energy, the lounge offers a cosy yet refined setting with thoughtfully curated seating arrangements. It creates a contemporary and elegant atmosphere, catering not only to solo travellers, families and groups, but also appealing long‑stay guests who value flexibility, comfort and community. Beyond daily use, Nina Communal also provides opportunities for social events and placemaking, reinforcing its role as a vibrant hub that connects people and enriches the neighbourhood experience.

An Ideal Accommodation for All Visitors

The hotel features 432 rooms and suites, ranging from 30 to 81 square metres. Accommodations include 6 rooms with private balconies, 13 family rooms accommodating up to five guests, and 4 signature balcony suites on the top floor with stunning southside views. The hotel is already welcoming guests, with newly renovated family rooms and suites scheduled for launch in Q3 2026.

Guests can enjoy Southeast Asian flavours at I-O-N, the hotel’s buffet restaurant. Business needs are supported by three meeting rooms, while leisure facilities include a well-equipped gym with 24-hour access and an outdoor pool. These amenities complement the communal lounge and support both social and business occasions, reinforcing the hotel’s position as a convenient base for family getaways, business trips and city escapes.

Discover the New Nina

To mark this new chapter, a special room package is available. The “Discover the New Nina” offer includes a 15% discount on the Best Available Rate, daily breakfast for two persons at the I-O-N, and complimentary access to the new communal lounge. In addition, the hotel is introducing a dedicated long‑stay package, priced from HK$18,480nett for a minimum of 28 nights, crafted to attract long‑stay guests with spacious living, practical amenities, and a welcoming social environment. Reserve now at https://www.ninahotelgroup.com/en/nina-hotel-island-south

Nina Hotel Island South is ideally for family getaways, business trips or city escapes.

Address: 55 Wong Chuk Hang Road, Aberdeen
Telephone: +852 3968 8888

https://www.ninahotelgroup.com
https://www.linkedin.com/company/ninahospitality/

Hashtag: #NinaHospitality #NinaHotelIslandSouth

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/2026/03/02/nina-hotel-island-south-presents-a-new-look-as-an-urban-oasis/

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Transport – Road freight sector watching oil prices as Middle East conflict continues

Source: Ia Ara Aotearoa Transporting New Zealand

Transporting New Zealand says the road freight industry will be monitoring the risk of fuel supply issues and rising oil prices closely, as conflict in the Middle East pushes up the global price of crude.
Chief Executive Dom Kalasih said diesel is typically the second-largest cost for road freight operators after wages, meaning sustained increases put pressure on transport rates.
“With around 93 per cent of New Zealand’s freight moved by road, changes in diesel prices flow through the supply chain and can ultimately affect the cost of goods for businesses and consumers,” Kalasih said.
“Fuel is also the most volatile cost in our industry. Over recent years, price spikes have contributed to transport cost pressures rising well above CPI.”
Kalasih said it was too early to determine the full impact of the Middle East conflict on New Zealand diesel prices, but urged operators to closely monitor their costs.
“The road freight market is highly competitive, and many businesses operate on tight margins. That limits their ability to absorb cost increases.”
He said operators use a range of approaches to manage fuel volatility.
“Some companies apply a fuel adjustment factor, which allows rates to move up or down in line with fuel prices. Others will need to review their pricing manually.”
Kalasih also noted that the Government requires diesel importers to hold minimum fuel reserves to strengthen national resilience and reduce the risk of supply disruption. Under a decision announced last year, the minimum stockholding obligation for diesel will increase from 21 days to 28 days’ cover from 1 July 2028.
Editorial Notes
New Zealand imports approximately 3,700 million litres of diesel per year, compared to under 3,000 million litres of petrol (MBIE Fuel Security Study 2025).
Approximately 70 per cent of diesel is used by the transport sector. Around 11 per cent is used by industry, 10 per cent by agriculture and fishing, with the remainder consumed by commercial, retail and international shipping sectors (MBIE Fuel Security Study 2025).
A 2024 Commerce Commission analysis found that cost increases for Regular 91 and Premium 95 petrol were passed through to consumers more immediately than cost reductions. This asymmetry was not observed for diesel. 

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/02/transport-road-freight-sector-watching-oil-prices-as-middle-east-conflict-continues/

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KiwiSaver breakthrough for young farmers – Federated Farmers

Source: Federated Farmers

Federated Farmers is celebrating a major win for young farmers, with the Government finally allowing them to use their KiwiSaver funds to buy their first home or farm.
“Young Kiwi farmers have been incredibly frustrated that they haven’t been able to access their KiwiSaver to help get a foot on the property ladder,” Federated Farmers dairy chair Karl Dean says.
“This change announced by the Government today – removing those barriers – is a huge step forward for the next generation of farmers.
“We’re immensely proud to have led the charge on this issue, advocating for a change to the KiwiSaver rules for three long years.”
Finance Minister Nicola Willis and Commerce and Consumer Affairs Minister Scott Simpson announced today that they will be making a technical change to the KiwiSaver Act.
It means farm staff in service tenancies (living on farm) will soon be able to use KiwiSaver to purchase a house without immediately moving in.
“Until now, you could only use your KiwiSaver to purchase a house you’ll live in,” Dean says.
“That’s unfair because farm staff, along with the likes of rural teachers and rural police, haven’t been able to get on the property ladder, all because they live remotely and in employer-provided accommodation.
“They’ve been denied the same opportunity as their urban counterparts.
“This change means young rural workers can finally access their savings to secure financial security and begin building equity, even if they keep living in accommodation provided by their employer.
“It’s a massive result and I know there’ll be many young farmers out there celebrating right now.”
The Government’s changes will also allow first-time farm buyers to use their KiwiSaver balances when buying through a commercial entity they majority own, provided it will be their principal place of residence.
Dean says the impact of this can’t be overstated, highlighting the challenges young farmers face in buying a farm.
“So many young farmers have worked hard to save a decent deposit but just aren’t able to get the bank’s backing to invest in their first farm.
“Letting those farmers use their KiwiSaver will be an enormous help in pulling together a larger deposit.
“It will put them in a stronger financial position with their initial equity, but they’ll also have less debt – which means they’d be paying less interest too.
“All of that gives our next generation of farmers a better chance of building wealth and putting themselves in a good position come retirement.”
Getting the KiwiSaver rules amended has been a key priority for Federated Farmers, forming part of its 12-point policy agenda for the incoming Government back in 2023.
The National Party committed to making the change, announcing so on the eve of the 2023 election.
“It’s taken them a long time to deliver on that promise, and we’ve made sure to keep reminding them about it,” Dean says.
“We’re grateful the Government has finally come through for farmers.”
One young farmer celebrating the news is Waikato sharemilker Danielle Hovmand, who has challenged the Government several times to deliver on its 2023 campaign commitment.
“Talking with young farmers across the country, their most-asked question is: ‘When are we going to be able to use our KiwiSaver to better ourselves now, rather than having to wait until we retire – just because we’re farmers’.
“I’m very pleased to hear the Government are finally changing the rules to make that possible.
“Many young people’s goal is to buy their first home and get on the property ladder, so it’s refreshing to see farmers will be able achieve this too.”
Hovmand says this will open doors for young farmers to use their hard-earned savings towards something that can have a huge impact on their financial position.
“Hopefully, in years to come we’ll see the flow-on effects of more young people being able to purchase their own herds and then achieving farm ownership earlier.
“I think this will have a huge impact on farmers across the country and will continue to help strengthen the agriculture industry for many years to come.”
Legislation giving effect to the changes will be introduced to Parliament in the middle of the year. 

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/kiwisaver-breakthrough-for-young-farmers-federated-farmers/

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KiwiSaver adjustment to help rural workers

Source: New Zealand Government

The Government is removing the barriers that prevent many farm and other rural workers from using their KiwiSaver accounts to buy their first homes, Finance Minister Nicola Willis and Commerce and Consumer Affairs Minister Scott Simpson announced today.

Since 2010, Kiwis have been able to withdraw from their KiwiSaver accounts to assist with the purchase of a first home so long as they live in the homes they buy.

“However, workers in service tenancies, such as farm workers, rural teachers, country cops, and defence personnel, have effectively been locked out of first home withdrawal because their jobs require them to live in employer-provided housing,” Nicola Willis says. 

“That’s not fair, so we’re making a technical change to the KiwiSaver Act to ensure workers in service tenancies aren’t denied the opportunity to put a foot on the property ladder.   

“The change will allow service tenancy workers to use their KiwiSaver for a first home purchase without having to live in it.”

Scott Simpson says the Act will also be changed to allow first-time farm buyers to put their KiwiSaver balances towards the purchase of a farm through a commercial entity they majority own, where it will be their principal place of residence.

KiwiSaver rules currently allow the purchase of a farm under a KiwiSaver member’s name (so long as they intend to live on it) – however, in practice, most farms are purchased through a company or trust.

“This reflects the commercial reality of modern farm ownership,” Mr Simpson says.

“Most farms are purchased through companies or trusts. Until now, that has prevented aspiring farmers from accessing KiwiSaver in the same way as someone buying a house in town.”

“The reforms deliver on the Government’s commitment to back rural New Zealand and remove unnecessary barriers.

“These are targeted, practical changes that maintain KiwiSaver’s core purpose while making the scheme fairer for rural communities,” Mr Simpson says.

Legislation giving effect to the changes will be introduced to Parliament in the middle of the year. The changes were sparked by a Member’s Bill in the name of Rangitīkei MP Suze Redmayne.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/kiwisaver-adjustment-to-help-rural-workers/

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Benefiting from Property Sales Growth, Sino Land Interim Revenue Increases by 34.5% to HK$5,185 Million

Source: Media Outreach

Solid Fundamentals and Prudent Financial Management Positioned to Capture Opportunities

Summary of 2025/2026Interim Results

  • The Group’s revenue for the six months ended 31 December 2025 (“Interim Period”) was HK$5,185 million (2024: HK$3,854 million), representing an increase of 34.5% year-on-year. The Group’s unaudited underlying profit attributable to shareholders, excluding the effect of fair-value changes on investment properties, was HK$2,220 million (2024: HK$2,241 million).
  • Steady interim dividend at HK15 cents per share (2024: HK15 cents per share).
  • Attributable revenue from property sales for the Interim Period, including share from associates and joint ventures, was HK$6,912 million (2024: HK$2,448 million), representing an increase of 182.4% year-on-year. The recent positive sales momentum was driven by the well-received launches of Villa Garda, Grand Mayfair III, and ONE PARK PLACE, as well as the sales of residential units and car parking spaces at St. George’s Mansions.
  • Attributable gross rental revenue, including share from associates and joint ventures, was HK$1,708 million (2024: HK$1,748 million).
  • Attributable hotel revenue, including share from associates and joint ventures, was HK$822 million (2024: HK$794 million).
  • Over the past six months, the Group acquired two land parcels in Tuen Mun and Jordan Valley, demonstrating our confidence in Hong Kong’s long-term prospects and our disciplined and strategic approach to land bank replenishment.

Financial Highlights

For the six months ended 31 December: 2025 2024 Change
Revenue HK$5,185 million HK$3,854 million +34.5%
Underlying profit HK$2,220 million HK$2,241 million -0.9%
Profit attributable to shareholders HK$1,533 million HK$1,820 million -15.8%
Dividend per share
Interim HK15 cents HK15 cents –

Results and Business Highlights

HONG KONG SAR – Media OutReach Newswire – 27 February 2026 – Sino Land Company Limited (Stock Code: 83) today announced its interim results for the six months ended 31 December 2025 (the “Interim Period”). The Group’s unaudited underlying profit attributable to shareholders, excluding the effect of fair-value changes on investment properties for the Interim Period, was HK$2,220 million (2024: HK$2,241 million). Underlying earnings per share was HK$0.24 (2024: HK$0.26).

Mr. Daryl Ng Win Kong, Chairman of Sino Land, and the Group’s management will continue to uphold prudent financial management while striving to enhance operational efficiency and productivity to capture future opportunities.

After taking into account the revaluation loss (net of deferred taxation) on investment properties of HK$682 million (2024: revaluation loss of HK$407 million), which is a non-cash item, the Group reported a net profit attributable to shareholders of HK$1,533 million for the Interim Period (2024: HK$1,820 million). Earnings per share was HK$0.17 (2024: HK$0.21). As at 31 December 2025, the Group had net cash of HK$51,402 million.

Property Sales – Accelerated sales momentum drives strong segment performance

Total revenue from property sales for the Interim Period, including property sales of associates and joint ventures, attributable to the Group was HK$6,912 million (2024: HK$2,448 million). Market sentiment improved notably in the second half of 2025, supported by the interest rate cut cycle, stronger financial market performance, and the inflow of talent and overseas students, all of which helped underpin housing demand.

The Group has won two government land tenders over the past six months, namely Tuen Mun Town Lot No. 569 on Hoi Chu Road in Tuen Mun and New Kowloon Inland Lot No. 6674 on Choi Hing Road in Jordan Valley. These acquisitions continue to reflect our confidence in Hong Kong’s long‑term prospects and our disciplined and strategic approach to replenishing the land bank with projects offering good development value.

Two new projects are scheduled for launch in 2026, namely La Mirabelle in Tseung Kwan O and the Wing Kwong Street/Sung On Street Development Project in To Kwa Wan. Total units sold from 1 July 2025 to 13 February 2026 reached 2,325 (attributable units: 1,052), mainly driven by the well‑received launches at Villa Garda, Grand Mayfair III and ONE PARK PLACE.

A diversified and balanced investment property portfolio reinforces long-term resilience

For the Interim Period, the Group’s attributable gross rental revenue, including share from associates and joint ventures, was HK$1,708 million (2024: HK$1,748 million), representing a decrease of 2.3% year-on-year. This decline was mainly due to the soft retail environment at the beginning of 2025, which put pressure on rental reversions, although retail sentiment improved sequentially. Overall occupancy of the Group’s investment property portfolio remained stable during the Interim Period.

Hong Kong remains well positioned to leverage its status as an international hub and financial centre, highlighted by the 119 new listings that ranked the city first globally in IPO fundraising in 2025. Supported by the HKSAR Government, the strong uptake of talent schemes and robust financial market activity strengthen overall market sentiment and lay a solid foundation for sustained business growth. The Group is actively implementing targeted marketing and promotional campaigns to stimulate foot traffic to its malls and drive retail consumption.

As at 31 December 2025, the Group has approximately 13.5 million square feet of attributable floor area of investment properties and hotels in the Chinese Mainland, Hong Kong, Singapore and Sydney.

Hotel Operations – Continuous improvement in occupancy rates

For the Interim Period, the Group’s hotel revenue, including attributable share from associates and joint ventures, was HK$822 million compared to HK$794 million in the last interim period, and the corresponding operating profit was HK$289 million (2024: HK$261 million).

Hong Kong continued to see a solid tourism rebound in 2025, with visitor arrivals recovering amid an increasingly vibrant event calendar. With a diverse pipeline of events scheduled for 2026, including the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting, the Group remains confident in the outlook for Hong Kong’s tourism sector.

With solid fundamentals and balance sheet, the Group is well-positioned to capitalise on opportunities

The Group continues to make steady strides on its sustainability journey. In the Interim Period, Sino Land was recognised in CDP’s Climate Change A List and named Global Sector Leader in the Residential category of the Global Real Estate Sustainability Benchmark, achieving the highest five‑star rating in both Development Benchmark and Standing Investment Benchmark. The Company also received MSCI’s top ‘AAA’ ESG rating, up from ‘AA’. These recognitions reaffirm Sino Land’s commitment to promoting ESG and sustainability.

‘As the Chinese Mainland and Hong Kong are poised to attract increasing global capital inflows from investors, I am encouraged by the notable improvement in the economic and operating environment since the second half of 2025. Supported by the Government’s measures, more than 270,000 talent have been attracted to Hong Kong to date, while visitor arrivals and the establishment of family offices have both recorded double‑digit growth in recent years. Hong Kong also ranked first globally in IPO fundraising last year, which has helped strengthen market sentiment and support the upward trajectory. The newly announced Budget is closely aligned with the nation’s development strategy and the 15th Five‑Year Plan across key priority areas. It fosters the development of the Northern Metropolis and innovation and technology, further highlighting Hong Kong’s close connectivity with Chinese Mainland and the world, as well as its large pool of talent. These initiatives are expected to help draw additional talent, enterprises and capital, and to reinforce international investors’ confidence in the Hong Kong market.

Amid expectations of further interest rate cuts and a solid recovery in tourism, the Group remains optimistic about the overall outlook and expects the residential market to retain its momentum. We will continue to uphold prudent financial management while striving to enhance operational efficiency and productivity. With a solid financial position and forward‑looking strategies, we are well positioned to capture future opportunities and deliver sustainable long‑term value for our investors,’ said Mr. Daryl Ng Win Kong, Chairman of Sino Land.

Please download photos from here.

Hashtag: #SinoLand

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

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

LiveNews: https://livenews.co.nz/2026/02/27/benefiting-from-property-sales-growth-sino-land-interim-revenue-increases-by-34-5-to-hk5185-million/

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Alibaba Cloud Drives a More Sustainable, Efficient and Intelligent Olympic Experience at Milano Cortina 2026

Source: Media Outreach

  • Transportation Management System mobilizes over 80,000 Olympic stakeholders
  • Media Rights Rights Holders had access to 4,198 video highlights produced by Alibaba Cloud’s Real-Time 360º Replay systems
  • Qwen models power first use of LLM Technologies supporting fan engagement and Olympics ecosystem

MILAN, ITALY – Media OutReach Newswire – 27 February 2026 – In a ongoing effort to redefine the digital landscape of the Olympic Movement, Alibaba Group, the Worldwide TOP Partner of the International Olympic Committee (IOC), has supported the Olympic and Paralympic Winter Games Milano Cortina 2026 (Milano Cortina 2026) in becoming the most intelligent Games in Olympic history.

Through a suite of advanced cloud and AI-driven solutions, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is empowering the IOC and the Milano Cortina local organizing committee to monitor and manage energy consumption, optimize transportation systems, enhance broadcasting operations, and foster IOC’s first use of LLM technology.

Kirsty Coventry, International Olympic Committee President, said: “Every Olympic Games leaves its own mark in terms of technological innovation. With Alibaba’s Cloud technologies and Qwen models, these Games have set a new benchmark for intelligence and creativity.”

Dr. Feifei Li, Senior Vice President of Alibaba Cloud Intelligence Group, President of International Business, said: “Milano Cortina 2026 marks a milestone with the first use of LLM technologies in the Olympic history powered by Alibaba’s Qwen models. Our cloud and AI-powered systems that supported Milano Cortina 2026 demonstrate our dedication to enabling smarter operations, deeper engagement, and new possibilities for the Olympic Movement.”

Sustainability successes

Alibaba Cloud’s AI-driven sustainability solutions and energy-efficient cloud infrastructure enabled Milano Cortina 2026 to effectively measure and analyze carbon emissions. This move sets a scalable model for future host cities to deliver more energy-efficient and carbon-saving Olympic Games.

Key systems developed and deployed include:

  • Enhanced Energy Data Management System deployed across all competition venues, allowing the Milano Cortina 2026 Organizing Committee and the IOC to monitor and analyse energy consumption and carbon emissions in real time. The IOC is also testing the Intelligent chatbot powered by Alibaba’s Qwen large language models, which enables staff to access both historical and real-time insights on electricity usage and power demand contingency.
  • Energy Issue Tracking System that digitalise workflows for identifying, escalating, and resolving energy anomalies, ensuring rapid responses and improving operational efficiency.
  • Codeveloped Sustainability Platform that allows organisers to assess the full lifecycle footprint of Milano Cortina 2026, with a dedicated focus on generating long-term benefits for local communities.

Accelerating efficiency

Drawing on iconic, world-class winter sports venues, Milano Cortina 2026 unfolded across more than 22,000 square kilometres of northern Italy’s alpine mountains and historic cities. Milano Cortina 2026 marked the Winter Games with the widest geographical spread in Olympic history. Spanning tens of thousands of square kilometres across the Alps, the event utilized Alibaba Cloud’s systems to assist game judging, coordinate logistics and operations, ensuring the Games ran smoothly and efficiently.

The IOC has worked with Alibaba Cloud to debut a sophisticated Video Adjudication system for the Milano Cortina 2026. Built on Alibaba Cloud’s low-latency livestreaming technology, this solution has been integrated into the core competition infrastructure to improve officiating precision. By synchronized management of multi-signal video feeds, the system assists referees in identifying fouls and provides instant arbitration playback to resolve scoring disputes. The technology has been deployed in Freestyle Skiing and Snowboard Slopestyle events to ensure accuracy for the judging panel.

The Transportation Management System (TMS), built on Alibaba Cloud, seamlessly connected venues across vast distances and delivered precise mobility assurance for Olympic stakeholders including IOC staff, athletes, volunteers, media and key personnel. Through the Milano Cortina 2026 Transport App and related system services, athletes and Olympic staff accessed personalised journey planning and real-time updates via connected official transport services. Throughout the Games, the app has mobilized over 80,000 individuals.

Other operational service applications — from e-voucher system supplying meals to tens of thousands of Olympic stakeholders, to meteorological service portal providing real-time weather information for Milano Cortina Organizing Committee to ensure the safety of outdoor competitions — also ran on Alibaba Cloud’s stable and resilient infrastructure.

In addition, the cloud provider’s Apsara Video technology has powered cloud-based live streaming and broadcasting for Milano Cortina 2026, enabling global media access to press conferences, IOC daily briefings, and post-competition athlete interviews in real time. This fully cloud-hosted Game Video Content Distribution service supported journalists with seamless video processing, editing, live and on-demand distribution, and secure download capabilities — all delivered through Alibaba Cloud’s resilient infrastructure.

An AI makeover on Olympic Tradition

Alibaba Cloud introduced an “Intelligent Pin Trading Station” in the Milano Olympic Village, adding an AI-enabled twist to one of the Games’ most cherished traditions.

Powered by Alibaba’s Qwen model, the station combines embodied devices with an AI system capable of understanding both language and visuals. Athletes place a pin into a capsule and interact naturally using voice and gestures. The AI interprets commands in real-time and guides a robotic arm to select a pin left by a previous participant. The result is a playful exchange that connects athletes through a tradition they already love, while broadening the range of people, countries, and stories represented in each trade.

The Intelligent Pin Trading Station demonstrates how cloud-based AI can support new forms of engagement—creating small moments of delight that encourage connection and discovery. Throughout the Games, Alibaba Cloud Intelligent Pin Station facilitated over 8,000 pin exchanges among athletes.

Intelligent by design

At Milano Cortina 2026, Alibaba Cloud’s Qwen large language models powered the first use of LLM technologies in Olympic history, advancing the IOC’s digital transformation and delivering a smarter, more connected Games. Qwen supported a range of applications, from enhancing global fan engagement to streamlining information management and operations across the Olympic ecosystem.

Key platforms — including the Olympic AI Assistant, NOC AI Assistant, and the Sports AI Platform — used Alibaba Cloud’s infrastructure to enable multilingual fan interactions, intelligent content search, and largescale media management. Collectively, these AI-driven systems set new benchmarks for accessibility, efficiency, and intelligence within the Olympic environment.

Broadcasting redefined

In broadcasting, the OBS Live Cloud Platform, powered by Alibaba Cloud, transformed how the Olympic Games were produced and delivered. Replacing traditional satellite operations, the cloud-based platform provided flexible, scalable, and high-quality content distribution of 442 live video feeds for 42 broadcasters worldwide.

Cloud broadcasting significantly reduces the physical footprint. Milano Cortina 2026’s International Broadcasting Centre was 25% smaller than Beijing 2022 and 30% smaller than Pyeongchang 2018.

Complementing this were advanced AI solutions such as the Real-Time 360º Replay systems and the Qwen-powered Automatic Media Description System (AMD). Together, these innovations modernised live production workflows, improved media turnaround speed, and set a new standard for intelligent broadcasting in the Olympic Movement. Throughout the Milano Cortina 2026, AMD has processed livestream signals of 391 competition sessions; meanwhile, Media Rights Holders (MRHs) had access to 4,198 video highlights of exciting moments from the competitions, all captured and produced by Alibaba Cloud’s Real-Time 360º Replay systems.

Through its longstanding collaboration with the IOC, Alibaba Cloud continues to transform the Olympic Games, making them more sustainable, efficient, and intelligent for all participants and audiences worldwide.

Hashtag: #Alibaba

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

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

LiveNews: https://livenews.co.nz/2026/02/27/alibaba-cloud-drives-a-more-sustainable-efficient-and-intelligent-olympic-experience-at-milano-cortina-2026/

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ECOVACS DEEBOT T90 PRO OMNI with OZMO ROLLER 3.0 and PowerBoost Technology: Simple by Design, Powerful in Action

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 27 February 2026 – DEEBOT T90 PRO OMNI features a suite of fully upgraded technologies that deliver a truly hands-free and ultra-powerful experience, setting a new standard in the mid-range robotic vacuum market. Integrating advanced innovations such as OZMO ROLLER 3.0 and PowerBoost Technology within an exclusive minimalist Nordic design, the T90 PRO OMNI offers a top-of-the-line, premium floor cleaning experience and delivers the best value in its class.

OMNI Station features Fresh-flow Power Washing and Dirty Water Box Auto-Cleaning so users no longer have to clean the machine manually. AGENT YIKO uses intelligent scene recognition to detect cleaning zones and avoid pets while cleaning.

ECOVACS ROBOTICS, a pioneer in service robotics, introduces the DEEBOT T90 PRO OMNI – an all-new generation of hands-free, ultra-powerful robotic cleaning built on fully upgraded technologies. Powered by the new OZMO ROLLER 3.0 Instant Self-Washing Mopping Technology and PowerBoost Technology with Perpetual Runtime, the T90 PRO OMNI ensures spotless results with zero interruptions, creating a daily life with a calm, Nordic-inspired aesthetic that naturally blends into your home and daily life.

Elevated mopping performance with the new OZMO ROLLER 3.0 Instant Self-Washing Mopping Technology. TruEdge 3.0 Extreme Edge Cleaning that reaches into hard to clean edges while protecting furniture.

With the DEEBOT T90 PRO OMNI, ECOVACS redefines what mid-range robotic vacuum cleaners can achieve. This new addition brings together premium cleaning performance, long-lasting reliability, and a seamless design that effortlessly fits into contemporary homes. Delivering top-tier results with class-leading value, the T90 PRO OMNI sets a new benchmark for what consumers can expect from the mid-range segment.

Spotless Cleaning, Perpetual Runtime
The DEEBOT T90 PRO OMNI elevates mopping performance with the fully upgraded OZMO ROLLER 3.0 Instant Self-Washing Mopping Technology. A 50% longer 27-cm roller covers more floor area in each pass, while a high-performance pressurized water pump feeds 16-nozzle 32-way precision nozzles to tackle stubborn messes. The roller spins at up to 200 RPM to prevent streaks and secondary contamination, keeping floors consistently spotless with no manual scrubbing required.
Equipped with the revolutionary PowerBoost Technology that redefines intelligent charging for robotic vacuum cleaners, the DEEBOT T90 PRO OMNI showcases ECOVACS’ latest leap in cleaning efficiency through ultra-fast energy boosts and non-stop cleaning freedom. A self-optimizing algorithm dynamically reserves power to prioritize full-space completion, enabling 10% battery power​ to be restored in three minutes during routine mop cleaning intervals, and up to 500 m² can be cleaned in a single run without interruption. This intelligence-driven, perpetual operation ensures that even large homes stay clean in a single cycle – no need to worry about a low battery or incomplete tasks.
Total Home Coverage, Unstoppable Clean

The fully upgraded TruEdge 3.0 Extreme Edge Cleaning ensures edge-to-edge cleanliness. Its 1.5 cm air-cushion suspended roller adapts in real time to glide smoothly along walls, while a protective felt strip prevents scratches to furniture and baseboards. Two soft rubber edge-gliding wheels and a fixed side brush further extend cleaning reach, capturing hidden debris that typical vacuums leave behind.

When facing impassable obstacles, the TruePass Adaptive 4-Wheel-Drive Climbing System gives the DEEBOT T90 PRO OMNI unmatched mobility. Two auxiliary levering wheels deploy automatically when needed, using soft rubber gripping teeth to climb single steps up to 2.4 cm and consecutive steps up to 4 cm. This ensures the robot cleans seamlessly across uneven surfaces without missing rooms or getting stuck.

The all-new ZeroTangle 4.0, with lateral airflow channels, and a reinforced wide-span dual-bearing structure, captures dust and hair efficiently without tangling. This reduces maintenance and keeps suction strong and stable, giving users a smooth, quiet, and worry-free cleaning experience every day.

Elegant Design Meets Effortless Maintenance

Understanding consumers’ desire for both style and convenience, ECOVACS designed the DEEBOT T90 PRO OMNI with a refined, minimalist aesthetic inspired by Nordic design. Its monochromatic point-cloud texture and fabric-like finish offer a warm, premium appearance while ensuring durability and easy upkeep, effortlessly complementing any home interior.

To make cleaning truly hands-free, the OMNI Station features Fresh-flow Power Washing and Dirty Water Box Auto-Cleaning. Fresh-flow Power Washing uses a new high-pressure direct pump to deliver heated water (up to 75°C) through 16 nozzles, saturating and deep-cleaning the mop roller for maximum cleanness. The self-cleaning wastewater system — with a 5,000 RPM propeller, straight-down drainage, a dual-layer scraping mechanism, and an independent sediment trough — removes dirt quickly to eliminate odors and prevent contamination. Users can enjoy a consistently fresh cleaning experience without touching dirty components.
An AI-Powered Experience that Truly Understands You and Your Home

With AGENT YIKO, the DEEBOT T90 PRO OMNI becomes more than a cleaning device — it is an intelligent home companion. Using intelligent scene recognition, AGENT YIKO identifies room types, floor materials, and pet zones, then automatically generates adaptive cleaning plans based on your habits and living space. It adjusts suction, water flow, and route planning in real time to deliver optimal results with zero management.

For pet families, the T90 PRO OMNI offers a gentle yet smart cleaning experience. It can sense and avoid pets while they roam. Users can set customized pet activity zones, so the robot focuses where it’s needed most, keeping both floors and furry friends happy.

Whether you’re at home or away, you can count on a spotless space, a healthier environment, and a cleaning experience that fits naturally into your lifestyle.


DEEBOT T90 PRO OMNI and DEEBOT mini 2 Debut at the Singapore IT Show 2026

Marking their first public showcase in Singapore, the DEEBOT T90 PRO OMNI and the DEEBOT mini 2 will officially debut at the Singapore IT Show 2026, taking place from 12 to 15 March 2026. Visitors to the show will be among the first in Singapore to experience ECOVACS’ latest DEEBOT T90 PRO OMNI launch in person, with live demonstrations highlighting its upgraded OZMO ROLLER 3.0 Instant Self-Washing Mopping Technology and PowerBoost Technology with Perpetual Runtime, as well as the refined Nordic-inspired design.

Consumers will also be able to experience the new ultra-compact DEEBOT mini 2, for those seeking a powerful cleaning solution without compromising on space. With a diameter of just 28.6 cm – smaller than a sheet of A4 paper – the DEEBOT mini 2 is designed for small apartments, from compact studios to two-bedroom homes. Despite its size, the DEEBOT mini 2 is equipped with advanced technologies like TrueMapping 2.0 and TrueDetect 3D, to plan cleaning routes and detect different surfaces, providing up to 91% whole-home cleaning coverage. It effortlessly navigates tight corners and hard-to-reach areas, offering 100% edge and corner coverage. Whether it’s under coffee tables, between furniture legs, or in narrow hallways, the DEEBOT mini 2 ensures that no spot is left behind.

The showcase underscores ECOVACS’ commitment to bringing intelligent, hands-free home cleaning innovations closer to local consumers through immersive, hands-on experiences.

Pricing and Availability

The DEEBOT T90 PRO OMNI and DEEBOT mini 2 will be available in Singapore from 8PM on 2 March 2026 via the ECOVACS official webstore, NTUC FairPrice webstore, Shopee, Lazada, and TikTok Shop.

The DEEBOT T90 PRO OMNI will be offered at a pre-sale price of S$1,199 (U.P. $1,899). Purchases made on the official webstore, Fairprice Online, Shopee, Lazada, and Tiktok will include a Tineco iCarpet Spot Cleaner worth S$379, while stocks last.

The DEEBOT mini 2 will be offered at a pre-sale price of S$599 (U.P. $749). Purchases made on the official webstore, Fairprice Online, Shopee, Lazada, and Tiktok will include an accessories pack worth S$48.90, while stocks last.

Hashtag: #ECOVACS

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

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

LiveNews: https://livenews.co.nz/2026/02/27/ecovacs-deebot-t90-pro-omni-with-ozmo-roller-3-0-and-powerboost-technology-simple-by-design-powerful-in-action/

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XTransfer Receives Malaysia Central Bank’s Conditional Approval for Key Payment Licences

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 26 February 2026 – XTransfer, the World’s Leading B2B Cross-Border Trade Payment Platform, is pleased to announce that it has received conditional approval from Bank Negara Malaysia(BNM) for key payment licences, including issuing electronic money, as well as a Money Services Business Licence (Class A) covering remittance and currency exchange.

XTransfer receives Malaysia Central Bank’s conditional approval for key payment licences.

Upon completing the pre-issuance conditions and being permitted to launch, XTransfer plans to introduce digital payment services in Malaysia designed to support businesses, particularly small and medium-sized enterprises (SMEs) engaged in international trade. These services are intended to include streamlined onboarding, convenient funding options, efficient foreign exchange, and secure remittance and settlement experiences, with a focus on compliance, security, and operational reliability, helping Malaysian SMEs reduce friction in legitimate trade as they scale into regional and emerging-market corridors.

“Receiving conditional approval from Bank Negara Malaysia is an important milestone for XTransfer in the ASEAN region,” said Bill Deng, Founder and CEO of XTransfer. “We appreciate BNM’s guidance and oversight. We look forward to bringing Malaysian businesses compliant and efficient payment solutions that help trade move faster and more predictably, especially as intra-Asia and broader South–South trade routes continue to expand.

Malaysia is also central to XTransfer’s regional strategy, with a plan to establish Malaysia as its regional operational hub, serving as a strategic control centre within Southeast Asia, coordinating compliance, risk management, customer support, and global operations to ensure alignment with both local and Group-wide standards. “Malaysia gives us the talent, governance environment, and regional proximity to scaleacross the region,” Bill added.

Founded in 2017, XTransfer is dedicated to using technology to bridge large financial institutions and SMEs worldwide, providing secure, compliant, fast, convenient and low-cost cross-border trade payment and fund collection solutions. With more than 800,000 enterprise clients, XTransfer has become a global industry leader and continues to expand internationally to support trading companies worldwide.

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

Hashtag: #XTransfer #PaymentLicense #Malaysia #BankNegaraMalaysia #Crossborder #SMEs

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

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

LiveNews: https://livenews.co.nz/2026/02/26/xtransfer-receives-malaysia-central-banks-conditional-approval-for-key-payment-licences/