Category: Finance

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Transport groups unite in call for driver licensing support

Source: Ia Ara Aotearoa Transporting New Zealand

A coalition of transport groups is calling for increased access to driver education and training to help address the growing number of New Zealanders without a full driver’s license.
The group, consisting of Transporting New Zealand, Driving Change Network, Bus and Coach Association, MITO, Heavy Haulage Association, National Road Carriers, and Groundspread NZ wrote to Ministers last week requesting more support for the growing pool of unlicensed Kiwis, which totals over one million.
The group wrote that the recent changes to the Graduated Driver Licensing System would reduce the financial burden on learners, but more needed to be done.
“We remain concerned that this alone won’t be enough to help young people attain licenses at the scale required for them to live full, independent lives and potentially to be able work in commercial transport,” the letter said.
Transporting New Zealand’s Chief Executive, Dom Kalasih says at least 70% of job listings require a driver’s licence.
“For the road freight sector, that figure will obviously be a lot higher. Ministry of Transport estimates the freight task will grow more than 20 per cent over the next 20 years – an additional 60 million tonnes of freight moved per year. With that growth we need a sustainable supply of qualified drivers. A full Class 1 licence is the first step in that pipeline.”
The letter said that stable investment across the transport, education and social development portfolios to improve access to driver training and testing will save the Government and taxpayers money by reducing the amount of young people entering the justice system and improving their employability.
The seven organisations said driver education and testing should be integrated into secondary schools and supported by Government funding.
“Driver education in schools should be a normal part of the transition from school into work,” said Kalasih.
“Without it, too many young people who can’t access support at home or pay for private lessons are left behind.”
The group is also calling for boosted funding for low-income learners to access free programmes, and for the growth of community-based training and testing services, particularly in rural and high-deprivation areas.
“Investing in driver licensing is a cost-effective way of getting people employed, keeping them out of trouble with the law, and supporting self-sufficiency. We hope that all political parties will commit to improving access to driver education and testing.” said Kalasih.
The group is awaiting a response from the Ministers for Education, Transport, Vocational Education, and Social Development.
Three steps to improve licence uptake and workforce participation
Increase targeted financial support for low-income applicants by doubling annual government funding from $20 million to $40 million, with training and testing services delivered through community providers and MSD.
Integrate driver training into all New Zealand secondary schools by 2030, offering theory preparation, practical lessons, and on-site testing, supported by stable central and local government funding and promoted as a pathway to employment and independence.
Increase funding for mobile and community-based licensing services, particularly in rural and high-deprivation areas, from $4.05 million per year to $20 million per year.
About Ia Ara Aotearoa Transporting New Zealand
Ia Ara Aotearoa Transporting New Zealand is the peak national membership association representing the road freight transport industry. Our members operate urban, rural and inter- regional commercial freight transport services throughout the country.
Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4,700 businesses, with an annual turnover of $6 billion. 
About The Driving Change Network
The Driving Change Network was launched in 2019, and is committed to ensuring New Zealand’s driver licensing system helps, rather than hinders, people’s access to life opportunities. The network is made up of a diverse group of over 900 stakeholders representing community providers, instructors, NGOs, Iwi, and businesses that support driver education, training, and licensing. These stakeholders recognise that fixing the issue is not about making driver’s licence tests easier or cheaper. Rather, they aim to address structural inequalities in the driver’s licensing system that make it ineffective and difficult for many users to engage with.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/05/transport-groups-unite-in-call-for-driver-licensing-support/

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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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Māori-led tech company prepares to go global

Source: New Zealand Government

A Tauranga-based Māori health technology company is expanding into major international markets following support from the Government’s Māori Development Fund, Māori Development Minister Tama Potaka says.

Carepatron, a Māori-led company, has developed an AI-powered clinical support tool integrated into practice management platforms to improve efficiency, accessibility, and scalability for health providers.

“Growing the economy means backing Māori enterprise to scale, export, and compete internationally,” Mr Potaka says.

“Investment from the Māori Development Fund accelerated the development and deployment of Carepatron’s clinical support tool. That support has helped drive a 50 per cent increase in export revenue and positioned the company for continued expansion across North America, the United Kingdom and Europe.

Carepatron’s growth aligns with the objectives of Tōnui Māori | Going for Growth with Māori and the Government’s goal of doubling the value of New Zealand exports over the next decade.

“We are focused on practical steps that lift productivity and strengthen our export performance. Māori businesses are central to that ambition.”

“Building a future for Māori enterprise means investing in capability, innovation and global reach. When Māori businesses succeed offshore, that growth flows back into whānau, hapū, Iwi and regional communities.”

Strengthening Māori participation in high-value sectors such as technology will be key to building a more resilient and outward-looking economy.

“Backing enterprise is a priority for our Government. That means disciplined, targeted investment that delivers measurable results, stronger exports, growing revenue, and a future where Māori enterprise continues to play a leading role in New Zealand’s economic success.”

Note to editors: 

Te Puni Kōkiri administers the Māori Development Fund and invested $250,000 to accelerate the development and deployment of Carepatron’s AI Clinical Support Co-Pilot. Carepatron invested an equivalent amount.
Organisations applying to the Māori Development Fund must fit funding priorities, meet criteria and be able to report on outcomes achieved. See www.tpk.govt.nz for more information.
More information about Tōnui Māori is also available here.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/04/maori-led-tech-company-prepares-to-go-global/

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Exports up more than $2b – powering economy

Source: New Zealand Government

New Zealand’s latest international trade statistics show robust performance across global markets, reflecting the skill, innovation, and resilience of Kiwi exporters who continue to rank among the best in the world, Trade and Investment Minister Hon Todd McClay says. 

Exports rose to $29.2 billion for the December quarter, up $2.2 billion on the same period last year, reinforcing the vital role trade plays in supporting the New Zealand economy, with one in four Kiwi jobs linked to trade.

The figures, released today, also show two-way trade increased strongly reaching $61.2 billion for this quarter.

“New Zealand exporters are winning in highly competitive global markets,” Mr McClay says. 

“Our farmers and growers are recognised internationally for their quality, reliability, and innovation. And these results are a testament to that.”

Of our top exports, the highest performers were dairy (up 10%), tourism (up 9.4%) and meat (up 21.4%) for the December quarter, compared to the same period last year.

Mr McClay says the latest data demonstrates the importance of open markets and strong trading relationships, particularly at a time of trade disruption and ongoing global economic uncertainty.

“Trade is a cornerstone of our economy. It supports jobs, drives higher incomes, and underpins growth in regions right across the country,” Mr McClay says.

“The Government is focused on backing exporters, reducing barriers at the border, strengthening our network of free trade agreements, and ensuring New Zealand businesses have the confidence and capability to succeed internationally.”

“As global conditions evolve, this Government remains committed to trade as a key driver of economic growth and prosperity for New Zealanders.”

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/04/exports-up-more-than-2b-powering-economy/

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ASB Investor confidence survey: Shift in investment sentiment as traditional property investments lose ground to KiwiSaver and managed funds

Source: ASB

Investor confidence has lifted to 11% according to ASB’s latest Investor Confidence Survey for the fourth quarter to December 31 2025, a slight increase from 10% in Q3. The lower North Island reported the most significant rise, jumping from 3% in Q3 to 10% in Q4, up 7%.

The survey reveals a shift in New Zealanders’ perceptions of where the strongest investment returns lie. For the first time in years, owning your own home or having a property investment are no longer seen as providing the best returns on balance among those surveyed.

Instead, KiwiSaver and managed funds have emerged as the top two performers in the eyes of investors, reflecting growing confidence in diversified and professionally managed investment options.

ASB senior economist Chris Tennent-Brown explains, “While property has long been considered the gold standard for investment, Kiwi are increasingly recognising the value and convenience of managed funds and the long-term benefits of KiwiSaver, favouring the flexibility and potential for growth.

The under 30s have been leading the way in this shift in sentiment for some time, however this quarter’s findings show a change in sentiment among most other age groups.

“The generational divide is apparent with the over 60s holding steady in their belief that your own home is still the best investment, which is unsurprising. Gen Z on the other hand believe the best returns currently lie in investing in shares of publicly listed companies, signalling the rise of the DIY investor as an accessible path to growing your portfolio,” says Chris.

“Despite this shift, New Zealanders continue to be interested in buying homes to live in, as indicated in the increase in confidence in our Housing Confidence survey. It just means perception of property as an investment is evolving.”

The survey underscores the importance of financial education and the evolving needs of investors as they seek robust and reliable options in a dynamic economic environment.

Notes:

ASB has tracked investor confidence in the NZ market since 1997. This analysis is based on 672 online interviews in Q4 2025 with adults aged 18 years and older throughout New Zealand. A sample of this size has a maximum margin of error of 3.8% at the 95% confidence level. Fieldwork occurred between 1st October – 16th December 2025.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/04/asb-investor-confidence-survey-shift-in-investment-sentiment-as-traditional-property-investments-lose-ground-to-kiwisaver-and-managed-funds/

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PAObank Unveils New Wealth Service, Unlock the Power of a Dual-Advantage Wealth Management Model, Flexibly SWITCH Between Investment and Deposits

Source: Media Outreach

16-Hour U.S. Stock Trading Session*, Money Market Funds with T+0 Settlement

HONG KONG SAR – Media OutReach Newswire – 3 March 2026 – PAO Bank Limited (“PAObank”) is pleased to announce the official launch of wealth service, debuting a dual-advantage wealth solution. This service empowers customers to flexibly switch between investing or earning interest, offering unmatched flexibility and control over their finances. The wealth service combines the agility of a brokerage with the security of a bank, enabling customers to seamlessly manage investments, insurance, deposits, and more through a single account. Customers can flexibly allocate funds and trade a wide range of products, including U.S. stocks, Hong Kong stocks, funds and money market funds, at any time.

PAObank’s existing retail banking customers can open an investment account in as fast as 3 minutes, while new customers can open both savings and investment accounts in one-go, greatly simplifying the onboarding process. Customers can instantly deploy funds from their savings account to purchase stocks and funds directly, without the need for additional transfers. Investment returns can be credited back into the savings account to earn interest, supporting both the pursuit of timely market opportunities and steady interest income, all within one single PAObank account.

Mr. Ronald Iu, Chief Executive of PAObank, said, “The launch of wealth service marks a significant milestone in PAObank’s retail banking development. Retail banking at PAObank is rooted in user-friendliness. Our team believes that if we can save each customer one single step, we collectively save 10,000 steps for 10,000 customers. The design of our wealth service is customer-centric — streamlining procedures and eliminating unnecessary fund transfers, allowing customers to SWITCH flexibly between investment and deposit services. We will continue to upgrade our retail banking services, striving to become one of Ping An Group’s integrated financial platforms in Hong Kong, delivering a more comprehensive and user-friendly wealth management experience, and being recognised as the preferred digital bank in the minds of customers.”

U.S. & Hong Kong Stocks Trading: Broker-LevelAnalytics Tools forCapturing Opportunities
PAObank’s wealth service offers broker-level professional analytics tools, providing comprehensive insights from macro market trends to detailed stock information to help customers seize every investment opportunity. Key features include:

Online Brokerage-Grade Analytics Tools & Indicators:

  • 40+ Technical Indicators: Multi-angle market analysis, covering company performance, market trends, stock price movements, and peer comparisons to support deeper investment insights and discover potential opportunities.
  • Free Level 1 Real-Time Quotes: Instant access to real-time indices and quotes, enabling customers to make informed decisions and act quickly.
  • Industry Heatmap & Real-Time Trading Rankings: Intuitive visualisations of industry momentum and real-time rankings of active stocks, helping customers track market hotspots and pinpoint focus stocks with ease.

Flexible Trading Capabilities:

  • Up to 16Hours of U.S. Stock Trading Sessions: Trade U.S. stocks day and night to maximise market opportunities, with flexible pre-market and after-hour trading sessions in response to major news or unexpected events.
  • Unlimited 24-hour Real-Time Quotes: Access the latest market information around the clock.
  • Multiple Order Types: Support for limit orders, stop-limit orders and more, empowering customers to respond flexibly to market volatility.

Money Market Funds: T+0 Settlement, $0 Subscription & Redemption Fees, Same-Day Liquidity
PAObank’s money market funds offer a reliable and flexible way for cash management solutions, offering customers a stable and adaptable platform for capital growth. These funds primarily invest in short-term deposits and high-quality money market instruments, targeting lower risk and stable returns. Featuring: “T+0” same-day settlement, $0 subscription & redemption fees, low entry threshold, investors enjoy 24X7 access to subscriptions and redemptions, with proceeds credited to bank accounts as soon as the same day. Funds are available 365 days a year, enabling efficient and always-on cash management regardless of public holidays.

Curated Selection of Funds from Top-tier Global Fund Houses: Popular Thematic Rankings Including “Monthly Dividend Funds”
PAObank partners with leading global fund houses, including Ping An of China Asset Management (Hong Kong), Allianz Global Investors, Invesco, and Schroders, to curate nearly 60 global funds spanning popular themes such as technology, Asia and consumer sectors. The platform provides diverse, thematic fund rankings, including a dedicated “Monthly Dividend Funds” category tailored for dividend lovers. Transparent fund performance and data-driven analytics give customers the flexibility to adjust their portfolios in response to market trends, seizing global investment opportunities with ease.

*U.S. market trading sessions are based on Hong Kong time:
Summer time – Pre-market: 16:00 – 21:30; Market opening: 21:30 – 04:00; After-hours: 04:00 – 08:00.
Winter time – Pre-market: 17:00 – 22:30; Market opening: 22:30 – 05:00; After-hours: 05:00 – 09:00.
Total trading hours are 16 hours.

Investment involves risk. The price of investments fluctuates, sometimes dramatically. The price of investments may move up or down, and may become valueless. There is an inherent risk that losses may be incurred rather than profit made as a result of buying and selling investment products. Foreign investments carry additional risks not generally associated with the domestic market. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and circumstances.

Hashtag: #PAObank #Wealth #WealthService #Stocks #Funds

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/2026/03/03/paobank-unveils-new-wealth-service-unlock-the-power-of-a-dual-advantage-wealth-management-model-flexibly-switch-between-investment-and-deposits/

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Experts pinpoint 14 ways CRL will bring value for Aucklanders

Source: Auckland Council

There is a lot of chatter, commentary and excitement ahead of the City Rail Link (CRL), but for some Aucklanders the wide-ranging benefits of the new rapid transit network remain a mystery. 

Opening in the second half of this year, CRL is Auckland’s ticket to becoming a truly international city. But how? Here is the answer in the words of the experts:   

Modern city 

‘The City Rail Link itself, the upgrade of station neighbourhoods, and the new CRL-enabled timetable will improve how the city moves, grows and competes. It will open up easy and efficient travel in and around the city for those further from the city centre, while connecting the likes of Pukekohe and Franklin with our urban population. Everywhere benefits.’ Read more from Councillor Andy Baker on the value of CRL for Aucklanders.

Efficiency 

‘This is the largest, most complex transport project undertaken in New Zealand for decades. It sets a benchmark. It will mean you’ll get to work faster in the morning, you’ll get home faster at the end of the day, and if you’re heading somewhere on the network on a Saturday night it will be a much more efficient and seamless trip.’ Hear more from Auckland Council Director of Resilience and Infrastructure, Barry Potter.

Value

‘This major infrastructure investment will deliver a significant return on the council’s 50% stake in the project, when it doubles the number of people experiencing a public transport journey time of 30 minutes or less into the city centre by train from opening day in 2026.’ Learn more from Auckland Council Principal Transport Advisor, George Weeks.

Walkability 

‘Incrementally, 21,000 more city centre residents, 17,200 more students and 37,000 additional (existing) jobs will be within a 12-minute walk of two new stations, once CRL is operational.’ Read this and more from George Weeks.

Productivity

‘Improved connectivity between people and jobs enabled by CRL will drive urban productivity. A more productive Auckland is not only more competitive in attracting people, skills, and investment; ultimately, it’s a more liveable place for everyone.’ Auckland Council Chief Economist, Gary Blick explains more on OurAuckland.

Housing

‘CRL makes transport-adjacent locations more accessible and desirable, improving the feasibility of high-density homes in these areas. This helps housing supply respond to demand and more housing should, over time, help moderate price growth’. Gary Blick shares more in this OurAuckland article.

Neighbourhoods

‘CRL is much more than a transport project – it’s a city-shaping investment. Station neighbourhoods create places that connect people seamlessly to jobs, learning, culture and daily life, while supporting a more walkable, resilient and low-carbon city centre. They are critical to unlocking the full value of the City Rail Link.’ Read this and more from Auckland Council Priority Location Director – City Centre, Simon Oddie.

Active modes

Two examples of new cycleway systems in CRL precincts: separated bike lanes along each side of Karangahape Road and new separated cycle lanes on Canada Street and East Street linking up with existing cycle routes such as Te Ara I Whiti – The Lightpath. Pitt Street and Vincent Street are also now linked into the cycle network.

And the second example: ‘Victoria Street West – on the doorstep of CRL’s Te Waihorotiu Station – is now a tree-lined section of street with one lane of vehicles in each direction, connected laneways, wide footpaths with places to sit and spend time, and a new cycleway.’ Read this and more from Simon Oddie.

Sustainability

‘The more people use the rail network and the more vehicles come off the roads, the more sustainable Auckland becomes.’  Barry Potter explains more in this article.

Tourism

Auckland competes in a highly dynamic global market for tourists and major events. CRL is tipped to give the city a new edge in both arenas. Fans will be able to travel from Henderson to a game at Go Media Stadium and from Glen Innes to a concert at Eden Park with a single train trip. Learn more from Tātaki Auckland Unlimited Director Destination, Annie Dundas.

Experience

‘When the stations open, I think people will be surprised with what they see. They are very beautiful, immaculate, 21st century structures of the kind we’re just not used to.’ Read this and more from George Weeks.

Investment catalyst

‘CRL’s new stations will drive quality development, just as Waitematā Station has in downtown. It will have a positive catalyst effect.’ Barry Potter explains more in this OurAuckland article.

Inclusion

‘Connectivity is essential for smaller and mid-sized cities (like Auckland) to harness economies of scale. There is a strong correlation in most (global) city benchmarks between transport infrastructure quality and access to good public services, air quality, responsible carbon emissions and social inclusion.’ Read the full 2025 State of the City Report.

Throwing more light on the optimism of these experts, business leader and NZ Herald columnist Cecelia Robinson says: “Infrastructure is optimism made physical.”

The City Rail Link (CRL) launch is a major highlight for the year ahead. City Rail Link information brochures are available in eight languages on the Auckland Transport website.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/03/experts-pinpoint-14-ways-crl-will-bring-value-for-aucklanders/

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Pokémon’s 30th Anniversary: MemeStrategy (HKEX:2440) Launches World’s First Tokenized Collectible Card Fund

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 2 March 2026 — MemeStrategy, Inc. (“MemeStrategy” or “the Company”; HKEX: 2440), an Asia-based publicly listed digital asset company, today announced the launch of the world’s first tokenized Pokémon trading card fund (the “Fund”). The Fund is designed to offer professional investors institutional-level access to the collectible trading card market through EVIDENT Platform Services Limited (“EVIDENT”), a licensed alternative asset digital investment platform, marking a significant step in establishing trading cards as a recognized alternative asset class. Scheduled to launch during the 30th anniversary of the Pokémon franchise, the Fund represents a unique initiative that bridges culturally iconic collectibles with traditional institutional-level financial services.

A Booming, Multi-Billion Dollar Market

This February, a PSA 10 “Pikachu Illustrator” card, widely regarded as the holy grail of Pokémon cards and previously owned by internationally renowned influencer Logan Paul, achieved a record-breaking auction price of USD 16.492 million (approximately HKD 128 million). This sale surpassed the previous record for the most expensive sports card, the one-of-one dual-signed Logoman card featuring NBA legends Michael Jordan and Kobe Bryant. The event brought the global spotlight back onto collectible cards and underscored the growing cultural and collector interest in high-end trading cards.

The global collectibles market is projected to reach USD 628 billion by 2031, with the Asia Pacific region demonstrating particularly rapid growth momentum.[1] Within this market, the collectible card games segment is expected to reach USD 37.42 billion by 2034, rising from a projected USD 14.7 billion in 2025.[2] This expansion is driven by increased participation from digital native consumers and heightened institutional attention towards alternative assets. This surge also reflects a broader cultural shift among younger generations, who are increasingly engaging and investing in alternative cultural assets.

Among trading cards, Pokémon cards hold a distinguished position in the collector community. They are viewed not merely as game cards, but also as culturally significant assets supported by active secondary markets and well-established collectible value. According to reports from The Wall Street Journal and historical data from the authoritative platform CARD LADDER[3], Pokémon card values have exhibited long-term appreciation of more than 30x over the past 20 years, reinforcing their status as a resilient alternative asset class.

Crossing the Chasm, Moving Towards Institutional-Level Collection Investment

Although the trading card market presents substantial growth, direct participation by professional and institutional investors has historically been limited due to several structural challenges, including:

  1. Authentication Risks: Concerns over asset provenance and widespread presence of counterfeits remain major deterrents for institutional-grade capital.
  2. Custody Complexities: The high cost and operational difficulty of museum-grade physical storage, including security, insurance and climate-controlled facilities, make proper custody prohibitively expensive and operationally burdensome.
  3. Market Fragmentation: A highly fragmented secondary market, dispersed inventory, and inconsistent sourcing channels make it difficult to acquire curated collections in bulk from reliable counterparties.

In view of this, MemeStrategy aims to deliver a comprehensive, institutional-ready one-stop solution. By launching the Fund through a publicly listed company platform and partnering with a licensed alternative asset digital investment platform, vault custodians supported by a professional third-party, and independent auditors and certifiers, MemeStrategy seeks to establish a robust, transparent, and institutional-level framework for professional investors to access the emerging cultural-asset market.

“Pikachu with Grey Felt Hat”: A Flagship Cultural Asset with Institutional Provenance

The Fund’s portfolio is anchored around a leading Pokémon card: the PSA 10 “Pikachu with Grey Felt Hat” card. Created through an official cross‑disciplinary collaboration between The Pokémon Company and the Van Gogh Museum in Amsterdam, the card draws inspiration from Van Gogh’s iconic “Self‑Portrait with Grey Felt Hat.” It represents a rare convergence of the world’s highest-grossing entertainment franchise and a globally renowned fine art institution.

Widely recognized as one of the most prominent Pokémon cards worldwide, the PSA 10 “Pikachu with Grey Felt Hat” is estimated to have a total market capitalization of over USD 94 million.

In light of its prominence and established market status, the Fund aims to acquire exposure representing approximately 25% of the PSA10 “Pikachu with Grey Felt Hat” cards currently available in the market, underscoring its strategic focus on this key asset. This positioning is supported by the following characteristics:

  • Appreciation: Secondary market prices for the card have risen more than 400% since its limited release in late 2023, based on publicly available historical data[4].
  • Scarcity: The Pokémon–museum collaboration was a time-limited initiative that concluded earlier than planned due to overwhelming demand. With a PSA 10 population of approximately 47,000[5] cards now permanently capped, its rarity is firmly established.
  • Authenticity and Grade Assurance: All cards held by the Fund undergo expert verification and are PSA 10 graded, consistent with market-recognized standards for condition and authenticity.


An Institutional-Level Infrastructure for a New Asset Class

Building on its focus on flagship cultural assets, MemeStrategy complements the Fund’s portfolio construction with an institutional-grade operational framework. By partnering with EVIDENT, a licensed alternative asset digital investment platform through which tokenized interests in the Fund will be made available for professional investors, MemeStrategy aims to provide a secure, transparent and robust structure for accessing cultural-asset investment.

  • Institutional-Level Custody: All physical cards are authenticated, insured, and stored in a museum-grade environment with temperature control and 24-hour surveillance, operated by Grade10 Vault, the Company’s professional card-vaulting service.
  • Enhanced Accessibility: Tokenization facilitates primary transactions on a licensed and secure platform, enabling professional investors to access tokenized interests in the Fund with greater efficiency and transparency.
  • Independent Audits: All underlying assets are subject to biannual Proof-of-Reserve audits by Deloitte or another Big4 international audit firm, ensuring full transparency and independent verification of asset holdings.

Ray Chan, Chief Executive Officer of MemeStrategy, said, “This initiative is about harnessing the distinctive market dynamics of cultural assets through institutional-level financial rigor. The collectibles market is expanding rapidly, yet institutional participation has remained limited due to logistical and security barriers. We are solving that problem. For the first time, we are providing a convenient and secure structure that allows professional investors to engage in this growing market without the burdens of physical ownership. This reflects our core mission to bridge culture and capital by creating accessible structures for the professional market.”

Florian M. Spiegl, Founder & CEO of EVIDENT, said, “Collectibles represent one of the most compelling frontiers in alternative assets — a market with proven performance but, until now, without the infrastructure to serve institutional capital. This fund demonstrates exactly what EVIDENT’s platform is built to do: take high-conviction asset verticals and structure them to the highest regulatory and institutional-grade standards. From custody to compliance to secondary liquidity, every layer is designed for professional investors. As we continue to expand our asset base into new verticals, the standard remains the same: institutional rigor, full regulatory compliance, and market infrastructure that investors can trust.”

MemeStrategy will serve as the General Partner (GP) through its wholly owned subsidiary, RWA Labs Limited, and will also make a strategic investment as a Limited Partner (LP), reflecting its strong conviction in the long-term cultural significance and market relevance of cultural collectibles. By combining blockchain-enabled transparency with institutional-level real-world custodianship, MemeStrategy aims to help shape the evolution of how collectibles are valued and traded in the Web3 era, contributing to the development of a structured cultural-finance landscape.

Disclaimer: This announcement is for informational purposes only and does not constitute an offer or invitation to the public in Hong Kong Special Administrative Region (“HKSAR”) to invest in the Fund or to acquire or subscribe for any securities or interests in any collective investment scheme. The Fund has not been authorized by the Securities and Futures Commission of HKSAR and is only available to “professional investors” (as defined in section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance (Cap. 571)). This announcement is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to local law or regulation.

https://memestrategy.com.hk/
https://www.linkedin.com/company/memestrategy/
https://x.com/MemeStrategy
https://www.facebook.com/grade10hk/
https://www.instagram.com/grade10hk/

Hashtag: #MemeStrategy #Grade10 #EVIDENT #Culture #Collectibles #Pokémon #TradingCards #TokenizedFund #AlternativeInvestment #AlternativeAssets

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/pokemons-30th-anniversary-memestrategy-hkex2440-launches-worlds-first-tokenized-collectible-card-fund/

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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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Arrest following assault, Ōpōtiki

Source: New Zealand Police

Please attribute to Detective Senior Sergeant Paul Wilson, Eastern Bay of Plenty Area Investigations Manager:

A man is before the courts after assaulting a woman in Ōpōtiki overnight.

Police were notified of the assault, that occurred on Ohiwa Harbour Road, at around 10:30pm.

Area enquiries were made to locate the alleged offender, who was located on Phoenix Drive, Whakatane shortly after 12:30am and taken into custody.

The victim is understandably extremely shaken and has sustained moderate injuries following the assault. Police are offering her all the necessary support.

A scene examination will be carried out on Ohiwa Harbour Road today, and Police continue to investigate this heinous attack.

We understand the community will be shaken following this incident, and Police will conduct reassurance patrols in the area.

Our initial enquiries suggest this is an isolated incident, and there is not believed to be any further risk to the public.

The man, 34, is due to appear in the Whakatāne District Court today, charged with abduction, wounding with reckless disregard and assault with intent to commit sexual violation, indecent assault, and strangulation.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/27/arrest-following-assault-opotiki/

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Flexi Fund opens for social & affordable housing

Source: New Zealand Government

Applications have opened for the first round of the Government’s Flexible Fund, paving the way for up to 770 new social homes and affordable rentals for New Zealanders in high housing need, Housing Minister Chris Bishop and Associate Housing Minister Tama Potaka say.

“Our Government believes in social housing. For families and individuals who are struggling to find a stable, secure place to live, we’re focused on turning housing need into real homes,” Mr Bishop says.

“Last year we established the Flexible Fund to replace the confusing patchwork of social and affordable housing programmes with a single, contestable fund focused on delivering the right homes, in the right places for the people who need them most. 

“The new system uses detailed data and local insights to identify where housing need is highest and which types of homes are required. This allows providers to bring forward solutions that best meet local demand. Instead of forcing good ideas into rigid categories, we can support interventions that target need and offer strong value for money.

“Opening the Flexible Fund for applications today marks the next phase of our targeted investment in social housing and affordable rentals.

“Affordable rentals allow people to pay less than the market rent in a region. They are a missing link in the social housing system. There should be an intermediate option between traditional social housing, where people usually pay 25 per cent of their income, and market rentals.

“That targeted investment is underpinned by our Housing Investment Plan, released last year, which provides a clear blueprint for where funding will go and how it will achieve the greatest impact. The Flexible Fund is a key part of making sure that happens.

“The focus is on value for money, strong housing delivery partners, and ensuring public investment provides homes for as many people as possible.

“The Flexible Fund will support delivery in priority locations including the Far North, South Auckland, Eastern Bay of Plenty, Gisborne–Tairāwhiti, Hastings, and key main centres such as Hamilton, Tauranga, Wellington and Christchurch.

“The Flexible Fund is part of a wider push to boost social housing and get better results from every dollar spent. Through Budgets 2024 and 2025 we are already delivering more than 2,000 additional homes, including more one-bedroom and accessible homes where they are needed most. We have sharply reduced the number of families stuck in emergency housing motels, and Kāinga Ora is focused on renewing and maintaining its existing stock as part of its turnaround plan.

“At the same time, we are fixing the wider housing system through our Going for Housing Growth reforms so the market can build more homes overall. The Flexible Fund ensures that alongside those system changes, we are continuing to invest in targeted support for New Zealanders who need it most.”

“The Flexible Fund will support social housing and affordable rentals delivered by community housing providers, iwi Māori providers and other capable organisations. Applicants will need to demonstrate delivery capability, financial strength, alignment with local housing need, and value for money,” says Mr Potaka. 

“This is about disciplined investment. We want warm, dry, safe homes that meet local need and can be delivered on time and within budget. 

“For many whānau, housing security is the foundation for better health, education and employment outcomes. Iwi providers are often best placed to respond to that need because they understand their communities and the pressures they face. The Flexible Fund gives them a clear pathway to partner with the Government to deliver warm, safe homes that support long-term stability for whānau.

“Stage one applications open today and close on 24 April 2026.”

Note to editor:

Further details are available on the Ministry of Housing and Urban Development website www.hud.govt.nz and on Government Electronic Tenders Service (GETS).

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/27/flexi-fund-opens-for-social-affordable-housing/

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Kenanga Group Launches Malaysia’s First Tokenised Money Market Funds

Source: Media Outreach

The launch marks a significant step in expanding Malaysian retail investor participation in financial products through blockchain technology

TOKYO, JAPAN – Media OutReach Newswire – 26 February 2026 – Kenanga Investment Bank Berhad (“Kenanga Group“), Malaysia’s leading independent investment bank and the Stellar Development Foundation (“Stellar”), a US-based non-profit organisation that supports the Stellar network, yesterday introduced Myrra, a dedicated token platform that leverages the Stellar blockchain to enable the tokenisation of real world-assets.

From left: Betty Sun-Lucas, Regional Director, APAC, Stellar Development Foundation; Jose Fernandez da Ponte, President, Chief Growth Officer, Stellar Development Foundation; Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad; Datuk Wira Ismitz Matthew De Alwis, Executive Director & Chief Executive Officer, Kenanga Investors Berhad; Ranjit Gill, Director, Head of Product & Market Development, Kenanga Investors Berhad

The inaugural deployment on the Myrra platform is the tokenisation of the Kenanga Money Market Fund (“KMMF“) and the Kenanga Islamic Money Market Fund (“KIMMF“) (collectively, the “Funds“) managed by Kenanga Investors Berhad (“Kenanga Investors“). The Funds represent the first tokenised unit trust funds to go live within the Malaysian market.

Through this initiative, investors can now transact blockchain-based digital representations of the Funds’ units through Myrra. Tokens are issued on a 1:1 basis, with each token representing a unit of either fund. This ensures the digital tokens function exactly like traditional fund units, while prioritising regulatory compliance, legal parity with existing unit holders, and operational integrity.

The reveal took place at the Blockchain Summit 2026, co-organised by Credit Saison and Pacific Meta as part of Japan Fintech Week.

By tokenising its Malaysian Ringgit money market funds using trusted Stellar blockchain infrastructure, Kenanga Group is bringing its money market products directly to a broader segment of Malaysian investors, enabling the purchase or selling of tokens directly on Myrra’s web portal.

“The launch of Malaysia’s first tokenised money market funds on the new Myrra platform represents a major step forward in our Group-wide commitment to driving digital innovation across the Malaysian capital markets,” said Datuk Chay Wai Leong, Group Managing Director of Kenanga Group. “By deploying on the Stellar network, we are able to contribute to the development of a digital public infrastructure that aligns with Malaysia’s vision of becoming a regional centre for blockchain-enabled finance.”

“The implementation of tokenisation is a strategic initiative to evolve our existing distribution and operational processes and capabilities through the operational efficiencies offered by Distributed Ledge Technology,” said Datuk Wira Ismitz Matthew De Alwis, Chief Executive Officer and Executive Director of Kenanga Investors. “We believe this will work towards driving investor participation without compromising regulatory standards and transparency.”

Operating for more than a decade, Stellar is one of the earliest blockchains designed specifically to support payments, asset issuance, and financial products in a compliance-forward and transparent manner. It hosts Franklin Templeton’s Benji token, a tokenised U.S. Treasury money market fund primarily used by institutional users for on-chain settlement and peer-to-peer transfers. Stellar also powers MoneyGram’s large-scale cash-to-crypto on/off-ramp across 170 countries using USDC and supports the United Nations High Commissioner for Refugees (“UNHCR“) in distributing USDC-based aid that refugees can redeem even without bank accounts.

“Tokenisation drives real-world utility and access when it is built on infrastructure that institutions and regulators trust,” said Jose Fernandez da Ponte, President and Chief Growth Officer at the Stellar Development Foundation. “Stellar was designed from the outset to support regulated financial products, increase access and provide the rails for enterprise-grade assets to move securely. This deployment by Kenanga Group is a prime example of how digital public infrastructure is scaling on Stellar making financial services more accessible, efficient, and inclusive for everyone across the globe.”

Myrra represents a milestone in addressing a tokenised asset opportunity in Malaysia, estimated at US$43 billion by 2030. It builds upon recent efforts by the Securities Commission Malaysia to advance tokenised capital market products within a framework that balances innovation with investor protection. By applying blockchain and Distributed Ledger Technology to familiar financial products, Kenanga Group is taking a pragmatic approach to financial innovation and inclusion while positioning Malaysian investors for a global transition toward faster settlement and enhanced transparency.

The KMMF aims to provide investors with a regular income stream while maintaining capital stability by investing entirely in money market instruments, debentures, and deposits. Meanwhile, the KIMMF offers similar benefits aligned with Shariah principle. Both Funds cater to investors who want stable, short-term returns with minimal volatility.

For more information about Myrra, please visit myrra.my.

Hashtag: #KenangaGroup #Myrra #Tokenisation#BlockchainFinance #FinTech

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/kenanga-group-launches-malaysias-first-tokenised-money-market-funds/

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International Entertainment Corporation’s FY2025/26 Interim Revenue Increases by 71.5% to HK$458.9 Million

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 25 February 2026 – International Entertainment Corporation (the “Company“, together with its subsidiaries, the “Group“; HKEX stock code: 1009), is pleased to announce that its revenue for the six months ended 31 December 2025 (the “Period“) recorded a significant period-on-period increase of 71.5% to approximately HK$458.9 million. This notable growth was primarily driven by a rise in land-based casino revenue and increased commission income resulting from provision of gaming platform to other authorised gaming operators for gaming business during the Period.

Meanwhile, the Group reported gross profit of approximately HK$245.0 million, representing a remarkable increase of 169.4% as compared with approximately HK$90.9 million in the six months ended 31 December 2024 (the “Previous Period“). Gross profit margin for the Period was approximately 53.4%, up 19.4 percentage points from approximately 34.0% for the Previous Period, mainly due to the increase in commission income with higher gross profit margin. The Group narrowed its loss by 9.7% to approximately HK$85.8 million during the Period (Previous Period: loss of approximately HK$95.0 million).

Future Outlook

The Group remains optimistic about the long-term prospects of the Philippine gaming and tourism industries, underpinned by its advantageous geographical position in Southeast Asia and growing popularity as a premier travel destination.

The Group commenced a renovation initiative in the previous financial year. An operational milestone was reached in January 2026 with the completion of renovation works on the casino’s ground floor. This project successfully expanded the gaming space, increasing the number of gaming tables from 99 to 116 tables as well as increasing the number of slot machines and electronic gaming machines from 517 to 664 machines by the end of January 2026. With further facility upgrades scheduled for completion, the Group anticipates a grand reopening of the hotel in July 2026. These enhancements are designed to elevate the overall guest experience, thereby driving higher occupancy rates and fostering sustained revenue growth across both gaming and hospitality segments in the long term.

Separately, the Group entered into a Subscription Agreement on 17 November 2025 with DigiPlus Interactive Corp., a leader in the Philippine casino and gaming sector as well as a Fortune Southeast Asia 500 company. Subject to approval at the extraordinary general meeting on 26 February 2026, the Group will issue up to HK$1.6 billion convertible notes with a maturity of five years and an interest rate of 3% per annum, which is expected to significantly bolster the Group’s liquidity and long-term financial position.

Part of the net proceeds will be used to fund the Group’s Investment Commitment, which currently includes capital investments for acquisition of land for the expansion of its integrated resort in Manila City and the construction of additional hotel rooms, for provision of other amenities of the integrated resort, and for ongoing upgrades, refurbishments and renovations to the facilities and infrastructures of both the hotel and the casino.

With the above initiatives in place, the Group is strategically positioned to navigate the evolving Philippine gaming and tourism landscape, leveraging its bolstered capital, expanded gaming capacity, and enhanced hotel facilities to capitalize on emerging business opportunities and create greater sustainable, long-term value for its shareholders.

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/international-entertainment-corporations-fy2025-26-interim-revenue-increases-by-71-5-to-hk458-9-million/

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Hong Kong 2026-27 Budget: Driving High-quality, Inclusive Growth with Innovation and Finance

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 25 February 2026 – Paul Chan, Financial Secretary of the Hong Kong SAR Government, delivered his 2026-27 Budget today (February 25), with a range of initiatives to support and diversify Hong Kong’s economic growth, boost innovation and technology (I&T), speed up development of the Northern Metropolis and proactively align with China’s National 15th Five-Year Plan.

The theme of the 2026-27 Budget, the fourth Budget of the current-term Government, is “Driving High-quality, Inclusive Growth with Innovation and Finance”.

Hong Kong SAR’s Financial Secretary, Paul Chan, delivers the 2026-27 Budget today (February 25)

“Over the past year, as a result of the booming economy and capital market, our tax revenue has increased. Coupled with the reinforced fiscal consolidation programme gradually bearing fruit, our public finances have improved sooner than expected,” Mr Chan said.

The Financial Secretary revealed that Hong Kong’s Consolidated Account was expected to register a surplus of $2.9 billion in the current fiscal year, instead of a deficit of about $67 billion as originally estimated. The Operating Account for 2025-26, which was originally estimated to record a deficit of about $3 billion, will register a surplus of $51.3 billion, he said.

It was also confirmed that Hong Kong’s economy expanded by 3.5% in 2025, with growth forecast to be between 2.5% and 3.5% for 2026.

Mr Chan noted that this year marks the beginning of the National 15th Five-Year Plan, and he stressed the need for Hong Kong to actively align with the Plan.

“Our country’s sustained high-standard two-way opening-up, coupled with scientific and technological innovation, have presented us with new opportunities,” he said. “We must embrace the 15th Five-Year Plan with an innovative mindset, fostering new quality productive forces in accordance with local conditions.”

Mr Chan set out a series of measures to drive I&T development, including establishing the Committee on AI+ and Industry Development Strategy; taking forward the Sandy Ridge data facility cluster project; promoting AI training; and accelerating digital intelligence transformation of the Government.

“We are pressing ahead with the industrialisation of AI and deepening its integration across various industries, while encouraging wider AI application, thereby achieving the target of adoption and utilisation by all,” he said.

The International Clinical Trial Academy will, he said, also be established to help enable the Chinese Mainland’s biomedicine technology to go global, attract foreign investment, and help develop Hong Kong into an international health and medical innovation hub.

To facilitate the development of new industrialisation, the Budget has earmarked resources for establishing in Hong Kong the first national manufacturing innovation centre outside the Mainland, and the New Industrialisation Elite Enterprises Nurturing Scheme will be launched.

The Government will promote the full integration of technological innovation and industrial innovation through key infrastructure, including the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, and the San Tin Technopole in the Northern Metropolis.

To support financial services, Hong Kong will proactively align with national development strategies, advance the internationalisation of the Renminbi, and continuously reform the securities market.

The Government will legislate this year to enhance tax regimes for family offices and funds, as well as establish licensing regimes for digital asset dealing and custodian service providers.

“Despite the complex and ever-changing external environment, Hong Kong’s financial market has performed strongly and our financial system remains robust,” Mr Chan said. “We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the GBA (Guangdong-Hong Kong-Macao Greater Bay Area).”

Noting that Hong Kong saw a year-on-year 12 per cent increase in visitor arrivals last year, which had created business and job opportunities for related sectors, the Budget will allocate $1.66 billion (US$212 million) to the Hong Kong Tourism Board (HKTB).

“The HKTB will scale up its flagship events and promotion, introducing new elements and extending event duration, and organise more signature festive events to highlight Hong Kong’s East-meets-West uniqueness,” Mr Chan said.

The Budget also earmarks an additional funding of $1 billion (US$128 million) for the Built Heritage Conservation Fund to enrich city culture. Elsewhere, the Government will launch the Northern Metropolis Urban-rural Integration Fund as a pilot scheme to support rural tourism projects.

To further promote sports development in Hong Kong, the Financial Secretary will inject $1.2 billion (US$154 million) to the sports portion of the Arts and Sports Development Fund.

Mr Chan said that the global environment has remained volatile over the past year, and Hong Kong has continued to undergo economic transformation.

“Technological innovation, in particular the development of AI, has brought us a mix of opportunities and challenges. Yet, Hong Kong has always thrived amid changes and progressed through innovation. We must make full use of our strengths and leverage the resolute support of our country to speed up and scale up our economic development sustainably for creating better development opportunities for the people and enhancing their quality of life,” Mr Chan said.

For more details on the 2026-27 Budget, click here.

https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong

Hashtag: #hongkong #brandhongkong #Budget #Inclusive #Growth #Innovation #Finance

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/hong-kong-2026-27-budget-driving-high-quality-inclusive-growth-with-innovation-and-finance/

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Response to the Budget 2026/2027 by Cushman & Wakefield

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 25 February 2026 –
Response to the Budget 2026/2027 by KK Chiu, International Director, Chief Executive, Greater China,Cushman & Wakefield:

Enhancing Implementation Efficiency in the Northern Metropolis through Anchor Institutions and Clear Role Definition

In the Budget, the Government mentioned that it will further encourage developers holding land in the Northern Metropolis to collaborate with technology or advanced manufacturing enterprises in submitting joint development proposals. At C&W, we believe that introducing a public–private partnership model can enhance execution efficiency and help alleviate fiscal pressure, thereby accelerating the implementation of the Northern Metropolis development while leveraging market efficiency and innovation capabilities. However, the key lies in how clearly the Government defines public and commercial roles, and ensures transparency in long-term industry objectives, land use and return allocation, in order to attract private sector participation. Subject to clear planning, phased implementation and prudent regulation, the PPP model can become an important tool in advancing the industrialisation of the Northern Metropolis.

As noted in our earlier research, the Government may consider securing strategic “anchor institutions” and avoiding blurred industrial positioning across different precincts, so as to establish clear district identities and enhance overall attractiveness. We hope the Government will announce details of university and technology industry participation as soon as possible to strengthen developers’ confidence in advancing projects within the district. At the same time, we welcome the Government’s adoption of our earlier recommendation to introduce flexible arrangements for land premium payment in the Northern Metropolis. This will help alleviate cash flow pressures for enterprises undertaking land development, and enhance the feasibility and pace of public–private partnerships and industry introduction initiatives.

Suggest to Leverage MPF Assets to Broaden Financing Channels for the Northern Metropolis

We support the Government’s proposal to increase the borrowing ceiling of the two bond programmes to HK$900 billion to finance the development of the Northern Metropolis, and to issue more longer-term bonds to better align with cash flow requirements and capital deployment for infrastructure works. Beyond direct bond issuance, we suggest that, from a broader asset allocation perspective, the Government could make better use of the sizeable Mandatory Provident Fund (MPF) asset pool. According to MPFA data, total MPF assets reached approximately HK$1.55 trillion as at end-December 2025, a record high. The Government may consider moderately relaxing MPF investment restrictions to allow a certain proportion of assets (for example, 10%) to be invested in long-term bonds issued for Northern Metropolis development. This would provide a stable source of funding for the Northern Metropolis while offering MPF members an additional investment option with relatively lower risk and stable returns, creating a win-win outcome.

Land and Housing Supply

The land sale programme for the coming year, together with the projected supply of first-hand private residential units in the next three to four years, indicates that land and housing supply is stabilising. We recommend that the Government streamline tender conditions and release sites to the market in an orderly manner to attract broader developer participation and revitalise market sentiment.

Suggest to Assist “Basic Housing Unit” Residents with Rehousing

The regulatory regime for “Basic Housing Units” is expected to take effect on 1 March this year, with a 48-month transitional period. Some units may fail to meet the new requirements, potentially resulting in tenant displacement. In addition, there are approximately 27,000 units in public rental housing estates aged over 50 years, creating significant rehousing pressure. We consider that the urban renewal strategy should be flexible and financially sustainable. The Government should establish clear rehousing priorities and allocate units reasonably among affected residents, tenants of old estates and applicants on the waiting list.

Under the Urban Renewal Authority’s prevailing acquisition approach, compensation based on prices comparable to first-hand residential properties (including owner-occupier allowances) has imposed substantial financial pressure. We therefore recommend further optimisation of the “flat-for-flat” mechanism to alleviate cash compensation burdens. Specifically, the Government could explore allocating land in new development areas, such as Tseung Kwan O, to the Urban Renewal Authority or related bodies for non-local rehousing under the “flat-for-flat” arrangement. While the current “seven-year-old flat” compensation benchmark has its basis, the Government may also consider offering more attractive exchange terms to older building owners as an incentive to expedite relocation and redevelopment progress.

We believe that such measures would not only reduce the substantial upfront cash outlay at the initial stage of redevelopment and ease liquidity pressure on the Urban Renewal Authority but also enable capital recycling upon project completion and sale, thereby establishing a financially sustainable urban renewal model with a virtuous funding cycle.

Response to the Budget 2026/2027 by John Siu, Managing Director, Hong Kong, Cushman & Wakefield:

Collaboration between the Hong Kong Investment Corporation and Market Capital to Support Quality Commercial Property Development

We agree with the Government’s decision, having regard to prevailing market supply and demand conditions, to continue refraining from the sale of commercial sites in the coming year. As at the end of the fourth quarter last year, the overall availability rate of Grade A offices in Hong Kong stood at approximately 20.3%. The temporary suspension of commercial land sales will allow the market to gradually absorb existing vacant floor space and help stabilise the office market. Nevertheless, the Government should review market conditions regularly and resume the sale of commercial sites in a timely manner when appropriate.

Regarding collaboration between the Hong Kong Investment Corporation and market capital to guide funds towards quality commercial property projects aligned with Hong Kong’s industry positioning, and to facilitate matching between such projects and enterprises in target sectors, we consider the overall direction to be positive and consistent with market-oriented principles. This approach can enhance the efficiency of matching projects with enterprises, provide more suitable premises for emerging industries such as innovation and technology and medical research, and inject new demand into the commercial property sector.

Sandy Ridge data facility cluster to enhance Hong Kong’s data hub position

The Government has accelerated efforts to promote the industrialisation of artificial intelligence (AI), encouraging its wider adoption and deeper integration across industries. Over the longer term, this will substantially increase demand for computing power, thereby strengthening local absorption capacity for high-specification data centre facilities.

Regarding the proposed data facility cluster at Sandy Ridge, which will provide over 2.5 million square feet of gross floor area, this represents approximately 25% of Hong Kong’s existing data centre stock of around 10 million square feet, marking a rare large-scale supply in recent years. Should the project be successfully tendered, it will provide the high-power capacity and infrastructure necessary to support AI development, and in the longer term enhance Hong Kong’s position as a data hub within the Greater Bay Area and across Asia.

Strengthening Hong Kong’s Position as an International Maritime Hub and Responding Flexibly to Logistics Land Needs

The Government has proposed supporting the national maritime strategic development, advancing the elevation of Hong Kong’s status as an international maritime centre, and accelerating the smart transformation of the logistics industry as well as the expansion of cargo hinterland. The reservation of approximately 32 hectares of land in the Hung Shui Kiu/Ha Tsuen New Development Area for the development of a modern logistics hub will further help consolidate Hong Kong’s role as an international maritime centre. However, we consider that in developing a modern logistics industry park, the Government should adopt a market-oriented, enterprise-centred approach, in order to respond flexibly to the needs of businesses and offer appropriate incentives to attract enterprise participation.

Diversified Policies and Continuous Investment to Energise Retail Consumption and Leasing Market

We welcome the Government’s introduction of diversified initiatives and continued funding to promote Hong Kong’s exhibition industry, incentive travel, revitalisation of historic buildings, international cruise development, major sports events, harbourfront enhancement works and the “urban-rural integration” initiatives. Through these targeted and wide-ranging programmes, Hong Kong will be able to attract visitors of different segments and spending power, broaden its visitor base and enhance the overall competitiveness of the tourism industry. We believe these measures will drive the development of high value-added economic activities, further stimulate local retail consumption and invigorate the shop leasing market, thereby injecting additional momentum into the overall economy and delivering long-term benefits.

We remain optimistic about the medium- to long-term outlook for retail rents in Hong Kong. As the relevant policies are progressively implemented and tourism continues to strengthen, we expect retail rents to show more positive adjustments.

Response to the Budget 2026/2027 by Rosanna Tang, Executive Director, Head of Research, Hong Kong of Cushman & Wakefield:

Optimising Land Resources to Promote Student Hostel Development

With the implementation of various talent admission schemes, the planning of the Northern Metropolis University Town, and policies aimed at attracting outstanding students from around the world to study in Hong Kong, demand for residential accommodation and student hostels is expected to continue rising.

The Development Bureau earlier announced the rezoning of three commercial sites in Kai Tak, Siu Lek Yuen in Sha Tin and Tung Chung East for post-secondary student hostel use, which are expected to provide around 4,500 hostel places. The further implementation of relevant measures in this Budget will help alleviate the shortage of hostel places and, in the longer term, ease rental pressure in the residential market, supporting the healthy development of the property market.

However, as student hostel projects are not permitted for strata-title sale and typically involve a longer payback period, we recommend that the Government provide appropriate incentives in the land sale conditions. For example, priority could be given to sites located near post-secondary institutions, and greater flexibility could be offered in land premium arrangements or tender terms to encourage active participation by developers.

Northern Metropolis University Town

Regarding development of Northern Metropolis University Town, the Government has demonstrated its commitment to expediting the development of higher education and advancing the “Study in Hong Kong” initiative by granting three sites in the Hung Shui Kiu/Ha Tsuen New Development Area and earmarking HK$10 billion in loans to support campus construction. This will help further enhance Hong Kong’s overall attractiveness as a regional education hub.

We hope that, as student intake and campus sites are introduced into Hung Shui Kiu/Ha Tsuen, they will be closely aligned with the district’s industry positioning and functional roles, generating synergy. At the same time, a clear division of roles and complementary development should be established with future education sites to be launched in Ngau Tam Mei.

Response to the Budget 2026/2027 by Tom Ko, Executive Director, Head of Capital Markets, Hong Kong of Cushman & Wakefield:

Adjustments to Investment Immigration Policy to Draw Global Capital

We support the Government’s continued efforts to strengthen talent admission from both Mainland and overseas markets. However, this year’s Budget did not set out concrete measures to assist incoming talent in acquiring properties in Hong Kong. We recommend a calibrated adjustment of the investment threshold and an expansion of the categories of qualifying investment properties. Instead of restricting investment solely to non-residential assets, the Government could consider prudently incorporating selected residential properties into the scope.

At the same time, we propose a review of the banking and mortgage restrictions applied to non-local investors, with a view to enhancing flexibility in capital deployment and circulation. These refinements would help attract additional international capital and high‑calibre talent to establish a long‑term presence in Hong Kong.

Prudent Adjustment of Stamp Duty on Luxury Residential Properties

Regarding the Government’s increase in stamp duty on residential property transactions exceeding HK$100 million, and in line with the “affordable users pay” principle, we consider the adjustment to remain at a rational level. Nevertheless, in the short term, it may lead some potential buyers to defer their purchasing decisions. We believe that once the market has adjusted, transaction momentum in the luxury residential segment should remain resilient. We would encourage the Government to continue exercising prudence in adjusting stamp duty rates on luxury properties, so as not to undermine the overall attractiveness of Hong Kong’s property market.

Hashtag: #Cushman&Wakefield

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/response-to-the-budget-2026-2027-by-cushman-wakefield/

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Hong Kong Tech Delegation Heading for Market Expansion at Mobile World Congress 2026

Source: Media Outreach

Debut at startup-centric zone 4YFN, Dual-presence at World Class Tech Exhibitions in Spain

HONG KONG SAR – Media OutReach Newswire – 24 February 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP), in collaboration with Hong Kong Trade Development Council (HKTDC), will lead a delegation of 21 Hong Kong tech companies and institutions to showcase at Mobile World Congress (MWC) 2026—the world’s premier connectivity event, and debut at 4 Years From Now (4YFN) 2026—a global stage for start-ups, taking place concurrently 2-5 March in Barcelona, Spain.

Building on the momentum from MWC 2025—the Delegation will be featuring solutions beyond the Connectivity category, covering focus areas across Devices and Systems, Digital Transformation and support from Ecosystem Partners. The Pavilion duet ought to give a more comprehensive picture of Hong Kong’s innovation and technology (I&T) capabilities in engaging global telecom leaders, enterprise decision-makers, industry partners, and investors, bridging cutting-edge research and development (R&D) into real-world applications and propelling Hong Kong’s I&T sector onto the international stage.

Derek Chim, Head of Startup Ecosystem and Development, HKSTP said, “MWC is a global bellwether for communications technology and tech companies at any stage, to connect with the industry and investors, to have a solid ground that validate solutions, catalyse pilot projects, accelerate commercialisation, and scale internationally.”

Iris Wong, Director, Merchandise Trade and Innovation / Director, External Relations, HKTDC, said, “The Hong Kong Tech Pavilion is an ideal platform for Hong Kong tech enterprises to present their latest R&D achievements at major international tech gatherings, support their journey to explore overseas markets, while highlighting Hong Kong’s strengths as an international innovation and technology hub.”

A series of dialogues and exchanges, spanning from networking reception and themed talks to pitching sessions, will take place throughout the events at the Pavilion to facilitate partnerships and investment opportunities for innovative solutions that are market-ready with high potential for market expansion, in particular, Asmote and Cresento under “Connectivity” make stellar examples of the notion:

  • 5G & 6G for Communication, Sensing, and AI computing – Shannon & Turing, (Asmote), located at MWC, specialises in mmWave technology for Integrated Sensing and Communication (ISAC) technology—drone communications and control—rising to the occasion as the city advances its low-altitude economy initiatives, while winning favors for its efficiency in managing industrial scenarios such as smart ports and dark factories. The company previously secured the world’s first 26GHz mmWave 5G commercial communications project, demonstrating its leadership in industrial-grade applications.
  • Smart Performance Insights for Sport – Cresento, located at 4YFN, focused on developing an AI-powered shin guard to deliver real-time insights—performance analytics, team leaderboards, and more—with a design that incorporates into gears that athletes already wear and creates minimal friction for, in particular, football players to adapt, will be moving from prototypes to pilot collaborations with European football clubs, academies and sport tech platforms and distributors.

HKSTP continues to join hands with HKTDC to support Hong Kong tech enterprises to “go global” by jointly organising the Hong Kong Tech Pavilion to build bridges linking tech companies with the world. This expedites the industry’s progress in internationalisation to meet the growing demand for I&T globally. This will attract talents, facilitate forward-looking investments and explore opportunities globally, realising the mission of entrepreneurs to reach out to the world and further consolidate Hong Kong’s position as an international I&T hub.

Mobile World Congress Barcelona (MWC) & 4 Years From Now (4YFN)
Date: 2-5 March 2026
Venue: Fira Gran Via, Av. Joan Carles I, 64, 08908 L’Hospitalet de Llobregat, Barcelona, Spain

Hong Kong Tech Pavilion:
MWC – Booth 6E44 at Hall 6
4YFN – Booth 8.1B31 at Hall 8.1

Please visit https://bit.ly/MWC2026HKTech for more information on Hong Kong Tech Pavilion and the exhibitors.

Appendix: Full list of 21 tech entities showcasing at Hong Kong Tech Pavilion during MWC and 4YFN 2026 (in alphabetical order)

No. Name of Tech Company / Institution Category
MWC 2026 – Booth 6E44 at Hall 6
1 Entoptica Limited Devices & Systems
2 eSIX Connectivity
3 Faraconix Technologies Co., Ltd. Connectivity
4 FreightAmigo Services Limited Digital Transformation
5 Glassdio Scientific Company Limited Connectivity
6 Harvest Elite International Limited Digital Transformation
7 HongKong Umedia Limited Devices & Systems
8 iASPEC Services Limited Digital Transformation
9 InvestHK Ecosystem Partners
10 Robocore Technology Limited Devices & Systems
11 Shannon & Turing Technology Limited Connectivity
12 The Hong Kong Polytechnic University Ecosystem Partners
13 Xeroptix Technology Devices & Systems
4YFN 2026 – Booth 8.1B31 at Hall 8.1
14 AIGM Limited Digital Transformation
15 BWSea Technology (HK) Co., Limited Digital Transformation
16 Cresento Limited Devices & Systems
17 GoGoChart Technology Limited Digital Transformation
18 HairCoSys Limited Devices & Systems
19 KNQ Technology Limited Digital Transformation
20 Solos Technology Limited Devices & Systems
21 Vista Innotech Limited Devices & Systems

Hashtag: #HKSTP

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/2026/02/24/hong-kong-tech-delegation-heading-for-market-expansion-at-mobile-world-congress-2026/

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Employment Trends – Modest salary growth leaves 42% of New Zealand professionals feeling underpaid as cost‑of‑living pressures persist

Source: Robert Walters

Auckland, New Zealand – 24 February 2026 – Salary growth across New Zealand remains minimal despite stabilising business conditions, with 42% of professionals reporting they feel underpaid, according to new research released by global talent solutions partner Robert Walters.

The findings come from the firm’s latest Salary Guide, which surveyed over 5,500 white‑collar professionals in ANZ across 12 industries.

Pay rises failing to keep pace with living costs

While 57% of New Zealand professionals received a pay rise in 2025, most increases fell within a modest 2.5%-5% band. Against the backdrop of continued cost‑of‑living pressure, many workers say these increases have had limited real impact.

This is reinforced by a significant perception gap:

42% of employees feel underpaid yet 83% of employers believe salaries are keeping pace with rising costs

The result is a growing disconnect between nominal salary growth and financial wellbeing.

Cautious optimism ahead

Nearly 67% of employers intend to offer salary increases in 2026, while 56% of professionals expect to receive one.

Shay Peters, Robert Walters Australia and New Zealand CEO, said the stabilising market gives organisations an opportunity to revisit remuneration.

“As businesses come out of last year’s restructures, organisations have an opportunity to reassess remuneration. Where salary increases are not feasible, employers must focus on career progression, flexibility, and skills development.

It’s no secret the movement of New Zealand talent to Australia is well underway. Dissatisfaction around pay is a high retention risk, especially as overseas markets are actively targeting New Zealand talent.”

With 58% of New Zealand professionals open to relocating this year, retention needs to be a big focus for employers this year.  

Regional dissatisfaction highest in Canterbury

The research reveals significant regional variation in how employees perceive their pay:

Canterbury: 46% do not believe their salary matches the cost of living
Auckland: 42%
Wellington: 39%

These differences highlight how lifestyle costs and local economic conditions increasingly shape career decisions and relocation intent.

Certain industries still record strong salary momentum in 2026

Despite overall modest wage movement, several industries outpaced the broader market:

  • Accounting & Finance: 14% increase: Driven by strong uplift in senior commercial finance roles, including notable rises for General Manager Finance (+25%), Financial Controller (+13.9%).
  • Technology & Data: 12% increase: Fuelled by high demand for AI, data engineering and cyber capability, with standout growth for Senior Data Scientist (+14.7%), Senior Data Engineer (+13.8%), and Cyber Security Architect (+9.9%).
  • Legal: 7% increase: Experienced counsel continue to attract premium remuneration.
  • These pockets of growth highlight where competition for specialist talent remains most pronounced.

About the Salary Guide

The Robert Walters 2026 Salary Guide provides a comprehensive overview of hiring intentions, salary trends, skills shortages, and workforce mobility across New Zealand. With insights from over 2,300 respondents, the guide highlights how businesses and employees are navigating an evolving labour market shaped by cost-of-living pressures, technological adoption, and mobility opportunities.

About Robert Walters: 

With more than 3,100 people in 30 countries, Robert Walters delivers recruitment consultancy, staffing, recruitment process outsourcing and managed services across the globe. From traditional recruitment and staffing to end-to-end talent management, our consultants are experts at matching highly skilled people to permanent, contract and interim roles across all professional disciplines.

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/24/employment-trends-modest-salary-growth-leaves-42-of-new-zealand-professionals-feeling-underpaid-as-cost-of-living-pressures-persist/

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Esperanza Securities Introduces the First SFC-permitted Tokenized Investment for Live Entertainment in Asia Pacific

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 23 February 2026 – Esperanza Fintech (Securities) Limited (“Esperanza Securities“, or “Company“) announced today that, following the granting of the formal permission on its tokenized investment business by the Securities and Futures Commission of Hong Kong (“SFC“) on 13 February 2026, the Company is introducing an innovative financing and community engagement model for the live entertainment industry.

The tokenized investment model enables Esperanza Securities to issue investment tokens (also known as security tokens) through an investment fund it manages, allowing eligible investors to participate with a significantly lower entry barrier and trade the tokens in secondary markets.

Against the emerging tokenized real-world-asset (RWA) trend worldwide, Esperanza Securities is among the first platforms with a systematic focus on the live entertainment industry. Following the granting of the permission by the SFC, two upcoming tokenized entertainment investments will include the Chris Wong 40th Anniversary Concert which will take place in Hong Kong on 6 to 7 March 2026 and a Korean boy band concert which will take place in Kuala Lumpur, Malaysia on 11 April 2026.

Innovation beyond technology: a focus on product structure

Entertainment industry assets have long benefited from a clear business model and income structure, which include box office receipts, sponsorships and merchandise revenue. Through tokenization, Esperanza Securities offers a new path for asset owners such as concert organizers to access capital without altering their operational models, while enabling investors to directly participate in opportunities linked to real economic activities.

The application of the tokenized investment model spans beyond the live entertainment industry. In fact, opportunities with clear business models and easily valuated underlying assets possess immense potential for tokenization. For instance, cultural and experiential projects with clear community monetization models and assets with stable and predictable cash flows, such as commercial properties, can all benefit from tokenization.

Bridging global investors to Asian assets through a 24×7 platform

Through the proprietary platform, espetopia.com (“Platform“), Esperanza Securities enables eligible investors to back real economy linked Asian projects, anytime and anywhere, without geographical limitations.

Eligible investors from all over the world can access all investment-related information, trade investment tokens and redeem utilities and experiences associated with the underlying assets through the Platform. This infrastructure enhances the visibility of Asian opportunities in global markets and effectively pools global capital to fund real economic developments, across verticals from cultural intellectual properties to the broader experience economies.

Looking ahead: charting a digital financing path for high-quality real assets

Looking forward, Esperanza Securities will continue to advance its asset-backed tokenized investment model under a prudent and compliant framework. The Company aims to progressively build a sustainable digital investment ecosystem centered on real assets with clear economic foundations.

As market acceptance of RWA digitization continues to grow, the Company sees promising potential for asset-backed tokenization to become an integral financing option alongside traditional public listings and private placements.

Hashtag: #EsperanzaFintech

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/2026/02/23/esperanza-securities-introduces-the-first-sfc-permitted-tokenized-investment-for-live-entertainment-in-asia-pacific/