ASB said Canterbury secured its third quarterly win of 2025.RNZ / Nate McKinnon
ASB’s latest Regional Economic Scoreboard shows Canterbury leading New Zealand’s regional growth, Auckland making strong gains, and Wellington slipping to the bottom of the rankings.
Canterbury finished the final quarter of 2025 on a strong note, once again topping ASB’s Regional Economic Scoreboard as the country’s best‑performing regional economy.
Otago and Waikato tied for second place, while Auckland jumped from seventh to fourth.
ASB said Canterbury secured its third quarterly win of 2025, outperforming the rest of the country in employment, retail spending, housing activity and population growth.
Chief economist Nick Tuffley said the South Island continued to lead New Zealand’s multi‑speed recovery.
“Canterbury has delivered back‑to‑back wins to close out the year, supported by strong dairy incomes, steady jobs growth, resilient consumer spending and the recovery of the tourism sector,” he said.
Otago’s ranking was boosted by a strong tourism rebound, while Waikato benefited from a robust primary sector and an improving labour market.
ASB expects the upcoming Fonterra capital return from the sale of Mainland to further lift dairy farming regions through increased spending and investment.
Auckland’s rise was driven by gains in retail spending, construction activity and consumer confidence, although its labour market remains subdued.
Tuffley said Auckland’s move up the rankings showed the economic upswing was widening beyond the regions that led earlier in the cycle.
At the other end of the table, Wellington finished last, weighed down by ongoing weakness in the housing market, construction activity and discretionary spending, despite relatively strong employment growth.
Tuffley said Wellington’s economy should improve, helped by low interest rates, but emerging challenges could slow the pace of recovery.
Nationally, ASB said the economy showed signs of growth in the final quarter of 2025 as lower interest rates lifted retail spending and employment indicators stabilised.
However, Tuffley warned the conflict in the Middle East would pose fresh headwinds through higher energy costs and rising inflation.
“The situation and extent of any impact to growth and inflation is highly uncertain and will depend on how long the conflict goes on for,” he said.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
MACAU SAR – Media OutReach Newswire – 23 March 2026 – Melco Resorts & Entertainment has garnered six diamonds in the 2026 Black Pearl Restaurant Guide, further reaffirming the Company’s status as a global leader in fine dining and underlining its commitment to culinary excellence.
Jade Dragon at City of Dreams – Black Pearl Restaurant Guide Three-diamonds Restaurant
City of Dreams’ signature Cantonese fine dining restaurant Jade Dragon secured the Black Pearl Restaurant Guide‘s coveted Three Diamonds accolade for the seventh consecutive year, upholding its status as Macau’s one and only three diamond Chinese restaurant, and was honored the special “Annual Dish Award” for its signature “Steamed Garoupa Fillet on Egg White Custard with Aged Chinese Hua Diao Wine Sauce” course. Innovative Chinese restaurant Yí at City of Dreams received One Diamond, marking its seventh year of such achievement. Revering the great traditions and savoir-faire of French cuisine, Alain Ducasse at Morpheus maintains its One Diamond status for the third consecutive year, whilst City of Dreams’ tranquil Japanese restaurant Sushi Kinetsu upholds its One Diamond honor in the esteemed guide for the third consecutive year.
Mr. Lawrence Ho, Chairman & CEO of Melco, said, “It is a profound honor for Melco to be recognized once again by the Black Pearl Restaurant Guide in 2026. In addition to the recent achievements in the MICHELIN Guide Hong Kong & Macau 2026, these prestigious accolades are a testament to our unwavering dedication to culinary innovation and our commitment to strengthening Macau’s position as a UNESCO-designated Creative City of Gastronomy.
“This achievement would not be possible without the incredible passion and hard work of our Colleagues. I would like to extend my deepest gratitude to our world-class culinary and front-of-house teams; it is their relentless pursuit of service excellence that allows us to consistently deliver the most memorable and exquisite dining experiences to our guests from around the globe. We remain steadfast in our mission to push the boundaries of luxury hospitality and contribute to the vibrant diversification of Macau’s tourism landscape.”
At the award ceremony which took place today in Singapore, Melco properties’ restaurants received the following honors:
JADE DRAGON – Three Diamonds and Annual Dish Award for “Steamed Garoupa Fillet on Egg White Custard withAged Chinese Hua Diao Wine Sauce” Being the only Cantonese restaurant in Greater China awarded with both Three Black Pearl Diamonds and Three MICHELIN Stars, Jade Dragon showcases exquisite culinary masterpieces created with the freshest seasonal ingredients and delectable delicacies. Jade Dragon sets the benchmark for fine dining in Macau with its spectacular designer décor and superlative personalized service. Recent honors and awards include:
Black Pearl Restaurant Guide Three Diamonds (2020-2026)
MICHELIN Guide Hong Kong & Macau Three Stars (2019-2026)
Forbes Travel Guide Five-Star rating (2014-2026)
Trip.com Gourmet’s Black Diamond award (2021-2023, 2026), Diamond award (2024-2025)
Harper’s BAZAAR HK’s Restaurant of the Year (2026), BAZAAR Taste Elite Macao (2024-2026)
Tatler Best Awards Asia Pacific’s Best 100 Restaurants (2024-2025)
Tatler Best Awards Hong Kong & Macau’s Restaurant of the Year Macau (2025), Best 20 Restaurants Macau (2025)
Tatler Dining Guide’s Top 20 Macau Restaurants List (2024)
South China Morning Post’s 100 Top Tables (2014-2025)
TARGET ELITE SELECT Awards’ Chinese Restaurant of the Year (2025), Cantonese Restaurant of the Year (2024)
TimeOut Beijing Food & Bar Awards’ Cantonese Restaurant of the Year (2025)
China Feast Restaurants Awards’ Annual Influential Restaurants (2025)
La Liste’s Top 1,000 World’s Best Restaurants (2025)
Wine Spectator’s Best of Award of Excellence (2014-2025)
World Culinary Awards’ Asia’s Best Hotel Restaurant (2025), Macao’s Best Hotel Restaurant (2022-2025)
Travel + Leisure Southeast Asia’s Macau Tastemakers List (2024-2025)
Three Stars in Golden Phoenix Tree China Restaurant Guide (2024-2025)
YÍ – One Diamond One-diamond award winner Yí, located on the 21st floor Sky Bridge of Morpheus, offers the very heights of innovative fine dining and Chinese cuisine served in a modern seasonal tasting menu format. Its degustation menu is inspired by the 24 Solar Terms of the Traditional Chinese Calendar (Jie Qi), changes 12 times a year and highlights many of the restaurant’s signature dishes. Recent honors and awards include:
Black Pearl Restaurant Guide One Diamond (2020-2026)
Tatler Best Hong Kong & Macau’s Best 20 Restaurants Macau (2025)
Tatler Dining Guide’s Top 20 Macau Restaurants List (2024)
South China Morning Post’s 100 Top Tables (2019-2025)
China Feast Restaurants Awards’ Best Innovative Restaurants (2025)
Food&Wine The Best Awards’ Hotel Restaurant of the Year (2025)
La Liste’s Top 1,000 World’s Best Restaurants (2025)
Wine Spectator’s Best of Award of Excellence (2022-2025)
Travel + Leisure Southeast Asia’s Macau Tastemakers List (2024-2025)
ALAIN DUCASSE AT MORPHEUS – One Diamond Awarded One Diamond, Alain Ducasse at Morpheus redefines legendary French classics with a contemporary vision and sentimental approach to cooking. The restaurant located at City of Dreams sources produce from the best regions which is harvested at its optimal time, highlighting a deep appreciation for nature and an intimate understanding of the seasons. Sourcing from small-scale farms and line-caught fish, the restaurant ensures unparalleled quality and a distinctive tasting experience. Recent honors and awards include:
Black Pearl Restaurant Guide One Diamond (2024-2026)
MICHELIN Guide Hong Kong & Macau Two Stars (2019-2026)
Tatler Best Awards Asia Pacific’s Best 100 Restaurants (2025)
Tatler Best Awards Hong Kong & Macau’s Best Service (2025), Best 20 Restaurants Macau (2025)
Tatler Dining Guide’s Top 20 Macau Restaurants List (2024)
South China Morning Post’s 100 Top Tables (2020-2025)
TimeOut Beijing Food & Bar Awards’ French Restaurant of the Year (2025)
La Liste’s Top 1,000 World’s Best Restaurants (2025)
Wine Spectator’s Best of Award of Excellence (2019-2025)
TARGET ELITE SELECT Awards’ French Restaurant of the Year (2024)
Travel + Leisure Southeast Asia’s Macau Tastemakers List (2024)
SUSHI KINETSU – One Diamond Bestowed One Diamond, Sushi Kinetsu at City of Dreams offers authentic Edomae sushi across a beautiful, centuries old Hinoki wood sushi bar. The tranquil restaurant serves seasonal delicacies using only the finest ingredients, crafted by Japanese master chefs. Recent honors and awards include:
Black Pearl Restaurant Guide One Diamond (2024-2026)
MICHELIN Guide Hong Kong & Macau One Star (2024-2026)
Trip.com Gourmet’s Diamond award (2024-26), Platinum award (2023)
GUANGZHOU, CHINA – Media OutReach Newswire – 23 March 2026 – Trip.com, a leading global travel service provider, reports growing demand for travel to China, with Guangzhou and Zhuhai emerging as popular destinations among international visitors, particularly from Southeast Asia, including Malaysia.
According to Trip.com, improved accessibility, a vibrant food scene, and the availability of first-timer-friendly destinations are contributing to this trend.
Among the key drivers is Chimelong Resort, a leading entertainment and hospitality brand in China, known for its integrated resort model combining theme parks, marine attractions and safari experiences. These offerings position the resort as a one-stop destination for travelers seeking diverse experiences ranging from thrill rides to wildlife encounters.
At Chimelong Ocean Kingdom in Zhuhai Hengqin, visitors can explore marine attractions through a panoramic aquarium viewing panel measuring 8.3 meters in height and 39.6 meters in width. Signature experiences include the “Polar Explorer” roller coaster, which simulates travel through icy terrain, and the interactive “Battle of the Pirates” water-based attraction, offering seasonal family entertainment.
The Chimelong Spaceship, a space-themed indoor marine science park, is marketed as one of the world’s largest indoor amusement parks, combining marine life exhibits such as orcas with immersive attractions including the “Bermuda Storm” motion simulator and “Deep Sea Submarine.”
In Guangzhou, Chimelong Safari Park features over 300 species of animals, including the world’s only surviving giant panda triplets — Mengmeng, Shuaishuai and Kuku, representing a milestone in panda conservation. In late 2024, Mengmeng gave birth to a cub, Mei Zhu, further enhancing the park’s appeal to visitors.
Trip.com data indicates increasing interest in family-friendly attractions, edutainment experiences and wildlife tourism, with integrated resorts playing a central role in itinerary planning.
Through its platform, Trip.com enables seamless booking of transportation, accommodation, attraction tickets and travel packages, offering a one-stop travel solution. Indicative pricing available on the platform includes:
Chimelong Safari Park one-day ticket: RM240.19
Chimelong Ocean Kingdom one-day ticket: RM315.69
Booking information available via Trip.com
Accommodation options across Chimelong resorts further support diversified travel needs. In Guangzhou, visitors can choose from Chimelong Hotel, Chimelong Xiangjiang Hotel and Chimelong Panda Hotel, featuring themes such as wildlife, Lingnan culture and family-oriented panda experiences.
In Zhuhai Hengqin, accommodation options include Chimelong Spaceship Hotel, Chimelong Penguin Hotel, Chimelong Hengqin Bay Hotel and Chimelong Circus Hotel, catering to a wide range of traveler preferences.
As demand for experiential and integrated travel continues to grow, Trip.com expects destinations such as Chimelong Resort to remain key drivers of China’s tourism development.
Hashtag: #Tripcom
The issuer is solely responsible for the content of this announcement.
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 23 March 2026 – On March 20, 2026, in Ho Chi Minh City, Vincom Retail hosted the event “The New Era – Partnering to Shape the Future”, welcoming more than 500 domestic and international partners. The large-scale forum served as a platform for stakeholders to exchange market perspectives, update on emerging trends, and explore collaboration opportunities as Vietnam’s retail sector enters a new growth cycle.
The event brought together 500 key partners, including leading international retail brands such as UNIQLO, MUJI, Decathlon, Pandora, CGV, AEON Beta Cinema, SuperPark, KOHNAN, Central Retail, WinMart, Starbucks, Dookki, Guardian, and MEDICARE, alongside major domestic brands and chains including ACFC, Maison, Phoenix Group, Golden Gate, Aladdin Group, Takahiro, RuNam, Highlands Coffee, and The New Playground…
At the event, Vincom Retail’s leadership emphasized the rapid transformation of the retail industry, where shopping malls and commercial streets are evolving beyond traditional retail spaces to become lifestyle destinations. These destinations integrate immersive experiences, foster community connections, and lead modern consumption trends. This shift reflects changing consumer behavior, with a growing preference for experience, emotion, and interaction over mere purchasing and ownership.
Setting the direction for future growth, Vincom Retail unveiled its strategic vision toward 2030, focusing on developing world-class destinations. The company aims to position itself as a leading retail real estate developer and operator in Asia, setting benchmarks in trend leadership and customer experience, with a diverse and expansive asset portfolio and an extended international footprint supported by a global ecosystem. This unique platform enables pioneering brands and concepts to converge and co-create breakthrough experiences, many of which are being introduced in Vietnam for the first time, delivering fresh value to consumers while shaping the future of retail and establishing new regional standards.
In terms of product strategy, Vincom Retail is focusing on two core formats. Vincom Mega Mall is positioned as a “Mega Shoppertainment Destination”, a large-scale experiential hub that leads market trends. Meanwhile, Vincom Collection is developed as a “Retail-tainment Destination”, combining shopping and tourism, built around five key pillars: Play – Discover – Shop – Savor – Relax.
A prime example is the “super destination” model integrating Retail – Tourism – Entertainment at Vinhomes Green Paradise Can Gio, featuring 15 next-generation retail complexes. Among them, Vincom Mega Mall Can Gio and Vincom Collection Cosmo Bay are the first projects to be unveiled, promising multi-layered experiences that harmonize with nature and prioritize sustainable operations.
Beyond strategic insights, the forum also featured real-world success stories and forward-looking perspectives from pioneering brands that have helped shape Vietnam’s evolving experiential retail landscape. Mr. Vu Ngoc Thuan, Founder of restaurant chains Longwang, Tianlong, Bo To Quan Moc, and GMaster, shared: “Partnering with platforms like Vincom provides a strong launchpad for brands to accelerate growth, expand further, and professionalize according to international standards.”
Mr. Shin Jae Hyuk, representative of Dookki, also highlighted growth strategies to capture market opportunities: “Together with our trusted partner Vincom, we will continue to create new milestones for Vietnam’s F&B market. Our goal is not only to sell tteokbokki, but to deliver the joyful culture of Korean cuisine to customers at an accessible price point.”
Vincom Retail plays a critical role as a developer, platform, and connector, bringing international brands to Vietnam while supporting Vietnamese brands in their journey to expand globally.
Additionally, SuperPark, a global indoor activity park brand, shared insights into the development of family-oriented active entertainment, one of the fastest-growing trends in next-generation shopping malls. These real-world examples highlight the strong opportunities for brands to collaborate with Vincom Retail to scale operations, develop innovative retail concepts, optimize performance, and enhance customer experience.
As the market enters a new phase of growth, the event not only facilitated strategic dialogue but also strengthened sustainable partnerships between Vincom Retail and its stakeholders. As a market pioneer, the company continues to support brands in scaling up, elevating business models, and capturing long-term growth opportunities. Notably, emerging super destinations such as Can Gio – envisioned as a future national tourism hub – are expected to serve as powerful growth drivers, contributing to the transformation of Vietnam’s retail landscape.
Vincom Retail is currently the largest retail real estate developer in Vietnam and ranks among the top three in Southeast Asia by scale. The company operates 90 shopping malls with a total gross leasable area of 1.9 million square meters, and manages 5,500 shophouses totaling 1.5 million square meters across 31 out of 34 provinces and cities nationwide, partnering with more than 1,000 brands.
Hashtag: #VincomRetail
The issuer is solely responsible for the content of this announcement.
South Island continues to hold strong with Canterbury outperforming the rest of the country
Otago and Waikato coming in second place equal
Auckland shows promising signs of improvement, jumps to fourth place
Wellington remains under pressure, finishing last place.
Canterbury continues to shine in ASB’s Regional Economic Scoreboard, finishing 2025 as New Zealand’s strongest-performing region as signs of economic recovery broaden across the country.
ASB’s Regional Economic Scoreboard shows Canterbury secured its third quarterly win of the year, outperforming the country across nearly every key measure the bank tracks including employment, retail spending, housing activity and population growth.
ASB Chief Economist Nick Tuffley says the South Island continues to lead New Zealand’s multi‑speed recovery.
“Canterbury has delivered back‑to‑back wins to close out the year, supported by strong dairy incomes, steady jobs growth, resilient consumer spending and the recovery of the tourism sector. The region enters 2026 in a very strong position,” says Nick.
Otago and Waikato tied for second place, with Otago buoyed by a strong tourism recovery and Waikato benefiting from its robust primary sector and improving labour market conditions. We expect the incoming Fonterra capital return to be a further boost for our Dairy farming regions via more spending and investment.
Auckland climbed to fourth place, recording improvements in retail spending, construction activity and consumer confidence, although labour market conditions in the city remain subdued.
“Seeing Auckland continue to improve is an important signal that the economic upswing is widening beyond the regions that led earlier in the cycle,” says Nick.
At the other end of the rankings, Wellington finished last, reflecting ongoing weakness in the housing market, construction activity and discretionary spending, despite relatively strong employment growth.
“Looking ahead, Wellington’s economy is forecast to recover, supported by low interest rates. Nevertheless, ongoing and emerging challenges may temper the pace of that recovery.”
Nationally, the economy showed signs of growth toward the end of 2025. Retail spending lifted strongly across most regions, supported by lower interest rates, while employment indicators showed early signs of stabilisation. However, ASB economists caution that global uncertainty remains a key risk.
“Conflict in the Middle East presents fresh headwinds, particularly through higher energy costs and inflation risks. The situation and extent of any impact to growth and inflation is highly uncertain and will depend on how long the conflict goes on for,” says Nick.
Results in a snapshot
About the ASB Regional Economic Scoreboard
The ASB Regional Economic Scoreboard takes the latest quarterly regional statistics and ranks the economic performance of New Zealand’s 16 Regional Council areas. The fastest growing regions gain the highest ratings, and a good performance by the national economy raises the ratings of all regions. Ratings are updated every three months, and are based on 11 measures, including employment, construction, retail trade, and house prices.
SHIYAN, CHINA – Media OutReach Newswire – 22 March 2026 – On March 21, the world’s first “International Taijiquan Day,” jointly organized by the Wushu Sports Administration Center of the General Administration of Sport of China, the Chinese Wushu Association, the Hubei Provincial Department of Culture and Tourism, the Hubei Provincial Sports Bureau, and the Shiyan Municipal People’s Government, officially opened. As one of China’s four main venues, Shiyan staged a themed performance at Wudang Mountain under the banner “Wudang of the World; Taiji for Humanity,” and simultaneously launched the “Hundreds of Countries, Thousands of Cities, Ten Thousand Events” Cloud Taiji global flash mob, inviting Taijiquan enthusiasts worldwide to perform Taiji together and witness this historic moment.
At 9:00 a.m., nearly a thousand guests, inheritors and Taiji culture enthusiasts from across China and abroad gathered at the foot of Wudang Mountain. Landmark sites around the world—Times Square in New York, the Eiffel Tower in Paris, the Sydney Opera House, the Egyptian Pyramids, and others—joined via video link to “dance the charm of Taiji” in unison. Taijiquan practitioners of all ages, genders and ethnicities synchronized to lift the creatively conceived global flash mob “Hundreds of Countries, Thousands of Cities, Ten Thousand Events.” Correspondingly, Yuzhen Palace—covering nearly 60,000 square meters—was transformed into a sea of Taiji: 1,000 practitioners dressed in white performed the nine postures of Wudang Taijiquan together, creating an unprecedented global relay of Taiji culture and a crossocean cultural resonance, vividly illustrating the profound meaning of ” civilizations have become richer and more colorful with exchanges and mutual learning.”
That day also saw the global release of the “Meet Wudang; Practice Taiji” Wudang Taiji Nine Postures tutorial video, with live demonstration by Yang Qunli—Chinese wushu 9thgrade, creator of the Wudang Taiji Nine Postures, and representative inheritor of the provincial intangible cultural heritage Wudang martial arts project. The Taiji cultural performances included a grand thousandperson Taiji exhibition, the combined songandmartial performance “Taiji of the World Meets Wudang,” the martialrooted “Quest for Wudang,” a Wudang Taiji costume show and global release of design results, and the strongly traditional “Ode to Wudang Taiji,” together offering the world a splendid Taiji cultural feast. On November 5, 2025, the UNESCO General Conference designated March 21 as “International Taijiquan Day.” This is the first UNESCO international day named for a martial art, marking Taijiquan—an invaluable part of Chinese traditional culture—as formally recognized global shared cultural heritage.
Wudang Mountain is an important birthplace of Taiji culture. Today, Wudang has established 57 martial arts promotion centers domestically and internationally, attracting over 3 million Taijiquan practitioners from more than 150 countries and regions as “foreign disciples,” and helping promote Taijiquan practice to over 500 million people worldwide. Every year tens of thousands of international visitors come to Wudang to study, practice martial arts and pursue health. Shiyan has successively hosted large events including the International Wudang Taiji Culture Festival, the Wudang Taiji International Fellowship Competition, the World Taijiquan Health Conference, and the World Traditional Wushu Festival.
In recent years, Shiyan has leveraged Wudang Taiji cultural heritage to accelerate breakthroughs in Hubei tourism and Wudang development, extend industrial chains, and vigorously develop industries such as pilgrimage tourism and ecological wellness. The city is building globally influential tourism products and internationally aligned tourism environments, forging “Wudang of the World, Taiji for Humanity” into an important emblem of Chinese traditional culture in external exchanges. At the same time, Shiyan is actively promoting public Taijiquan classes into communities, schools, government agencies and enterprises so that this thousandyearold martial art “enters ordinary households.”
The issuer is solely responsible for the content of this announcement.
Growing international demand, strengthened long-haul connectivity, and the continued evolution ofLaguna Phuketare reinforcing Thailand’s largest island as a stable, private, and internationally accessible place to live and invest.
PHUKET, THAILAND – Media OutReach Newswire – 20 March 2026 – Phuket’s evolution from a world-renowned holiday island into a mature international residential community is entering a new phase, supported by expanding long-haul connectivity and sustained global confidence in Thailand as a safe and welcoming destination.
The island has recorded consistent growth in long-term residents and international property buyers, reflecting a broader shift among globally mobile families seeking stability, quality of life and secure residency pathways. Phuket offers privacy, natural beauty and international-standard infrastructure within a country known for hospitality and political stability.
Thailand welcomed more than 35 million international visitors in 2025. Long-haul arrivals exceeded 11 million, rising 13% year-on-year and generating approximately 668 billion baht in tourism revenue. Despite short-term geopolitical fluctuations, long-term demand for Thailand as a stable and accessible destination has remained resilient.
Connectivity continues to strengthen with new direct long-haul services from Europe, including Paris, London and Scandinavia. Improved access is driving interest in extended stays, family relocation and residential investment, as visitors increasingly explore long-term living options.
Phuket offers international-standard healthcare, leading international schools, yacht marinas, championship golf courses and well-developed infrastructure. High-speed connectivity and direct air links to more than 80 cities ensure seamless access to global business and travel networks while maintaining privacy and lifestyle comfort.
Industry research ranks Phuket among the world’s leading destinations for branded residences, alongside Dubai, Miami and New York. Foreign buyers account for more than 60% of condominium purchases, underscoring sustained international confidence.
Thailand’s structured long-term visa framework provides renewable residency pathways for retirees, investors, entrepreneurs and remote professionals. For buyers of select premium residences, Banyan Group facilitates Thailand Elite long-term residency visas, offering multi-year entry privileges.
At the centre of this evolution is Laguna Phuket, developed by Banyan Group. Over 35 years it has grown into one of Asia’s most established integrated resort and residential communities. Spanning more than 1,000 acres along Bang Tao Beach, Laguna Phuket includes six hotels, an award-winning golf course, wellness facilities, RAVA beach club and more than 3,000 branded residences linked by scenic lagoons. Residents from over 70 nationalities call it home.
The next phase includes approximately 5,000 additional residences across Laguna Phuket and neighbouring Laguna Lakelands, reflecting sustained confidence in Phuket’s long-term residential future.
Banyan Group Residences, ranked fifth worldwide and number one in Asia in branded residences, plans to launch approximately US$1 billion in new residential projects in Phuket, reinforcing its commitment to the island’s continued development.
Phuket today represents more than a luxury retreat. It has matured into a secure, internationally integrated residential market offering stability, privacy and long-term clarity for globally minded families.
Hashtag: #BanyanGroup
The issuer is solely responsible for the content of this announcement.
Growing international demand, strengthened long-haul connectivity, and the continued evolution ofLaguna Phuketare reinforcing Thailand’s largest island as a secure, globally connected and structurally mature place to live and invest.
PHUKET, THAILAND – Media OutReach Newswire – 20 March 2026 – Phuket’s transformation from a leisure destination into an established international residential market continues to gain momentum, supported by expanding air connectivity and rising interest from globally mobile investors and families.
The island has seen steady growth in long-term residents and international property buyers, reflecting a broader shift toward geographic diversification and lifestyle-driven asset allocation. Increasingly, Americans are exploring markets that combine quality of life with infrastructure reliability and clear long-term residency pathways.
Compared with many major U.S. coastal cities, Phuket offers significantly lower living costs while maintaining international-standard healthcare, hospitality infrastructure and strong global connectivity.
Thailand welcomed more than 35 million international visitors in 2025, including approximately 1.2 million from the United States. Long-haul arrivals exceeded 11 million, up 13% year-on-year and generating approximately 668 billion baht in tourism revenue, underscoring continued international confidence.
Thailand is accessible from the U.S. via major hubs including Tokyo, Seoul, Hong Kong, Singapore and Bangkok, with travel times comparable to many trans-Pacific routes. Expanding airline networks are further improving access through key Asian gateways.
Improved connectivity is driving interest in extended stays, remote work flexibility and international property ownership, with more visitors exploring long-term residency alongside leisure travel.
Phuket offers international-standard healthcare, leading international schools, yacht marinas, championship golf courses, premium retail and dining, and reliable high-speed connectivity. The island combines resort-style living with the infrastructure required for full-time residence.
Industry research ranks Phuket among the world’s leading destinations for branded residences, alongside Dubai, Miami and New York. Foreign buyers account for more than 60% of prime condominium purchases, reflecting broad global participation. Direct air links to more than 80 cities reinforce integration into global travel networks.
Thailand’s long-term visa framework provides renewable pathways for retirees, investors, entrepreneurs and remote professionals. For buyers of select premium residences, Banyan Group facilitates Thailand Elite long-term residency visas, aligning property ownership with multi-year entry privileges.
At the centre of this evolution is Laguna Phuket, developed by Banyan Group. Over 35 years it has grown into one of Asia’s most established integrated resort and residential communities. Spanning more than 1,000 acres along Bang Tao Beach, it includes six hotels, an award-winning golf course, wellness facilities, RAVA beach club and more than 3,000 branded residences. Approximately 5,000 additional residences are planned across Laguna Phuket and neighbouring Laguna Lakelands.
Banyan Group Residences, ranked fifth worldwide and number one in Asia in branded residences, plans to launch approximately US$1 billion in new residential projects in Phuket.
Phuket today represents more than a resort destination. It has matured into a stable, internationally integrated residential market offering infrastructure reliability and long-term growth potential for American families and investors seeking global diversification.
Hashtag: #BanyanGroup
The issuer is solely responsible for the content of this announcement.
Campaign highlights wellness, culture and meaningful travel across the Kingdom featuring international creators including British singer-songwriter Henry Moodie.
BANGKOK, THAILAND – Media OutReach Newswire – 20 March 2026 – The Tourism Authority of Thailand (TAT) invites travellers worldwide to rediscover balance through the global Healing Journey Thailand campaign, guided by the communication concept Healing is the New Luxury. Launched in January 2026, the campaign reflects Thailand’s tourism strategy focused on high-value, wellness-led, purpose-driven travel, positioning the Kingdom as a destination where travellers reconnect with themselves through cultural encounters and restorative journeys.
Henry Moodie plays a central role, with his storytelling shaping the campaign narrative. His journey, featured in the campaign film premiered at The Cinema at Selfridges London, follows travels through Krabi and Trang, from Ko Muk and Ko Kradan to the Na Muen Sri community, highlighting Thailand’s living culture and spirit.
The campaign presents creator-led experiences in the Kingdom, reflecting a global shift in luxury from material to meaningful engagement.
In southern Thailand, Swedish creators Malin & Jules (@Malinandjules) explored “hidden luxury” in Chumphon and Ranong through slow living, coffee culture, island life on Ko Phayam, hot springs and a garden lunch.
In northern Thailand, Casey Pickup (@howtotravelfulltime) and Kseniia Kalenyk (@kseniia.journey) explored Chiang Mai‘s heritage through Lanna arts and craft workshops, including Nuat Fon, Lanna massage inspired by Fon Leb dance, Yam Khang massage, concluding with a Ping River dinner cruise and sound healing meditation.
In the historic Sukhothai, Aytan Abbasli (@aytanabbasil) and Mia Emilie Persson (@miaemiliepersson) explored UNESCO-listed sites, Sukhothai silver craftsmanship, Tin Chok textiles and community life at Baan Na Ton Chan, concluding with merit-making at Wat Traphang Thong.
Nature and adventure shaped the Khao Yai journey of Naziha Banu Fathima (@the_fatimablejournal) and Khaled Mohamed Abdulla Hamad Aljneibi (@alsinaani_khalid000), combining sustainability with outdoor activities including park trekking, forest glamping and dialogue at Khao Yai Art Forest.
In Phang-Nga, Patrick James Mitchell and Meghan Celina McPhee (@megsandpat) experienced harmony with nature at Samed Nangshe Viewpoint, Surin Islands diving, bamboo rafting, and in Khao Lak with a fire show and sound healing by the Andaman Sea.
Together, these journeys reflect Thailand’s identity, where travel is shaped by quality and sustainability. Guided by Healing is the New Luxury, the campaign advances TAT’s Value over Volume strategy, encouraging travellers to engage with landscapes, culture and communities, fostering support for sustainable tourism growth.
HONG KONG SAR – Media OutReach Newswire – 19 March 2026 – The opening ceremony of the exhibition titled “The Majestic Han: A Golden Age of Vigour and Cultural Integration” was held today (March 19) at the Hong Kong Heritage Discovery Centre. The exhibition is jointly organised by the Development Bureau (DEVB) and the National Cultural Heritage Administration (NCHA). It features significant archaeological finds unearthed on the Chinese Mainland and in Hong Kong, showcasing the dynamic and innovative Han dynasty, a golden era that made profound contributions to promoting exchanges between Chinese and Western civilisations.
The opening ceremony of the exhibition titled “The Majestic Han: A Golden Age of Vigour and Cultural Integration” was held today (March 19) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn (centre); the Director of Art Exhibitions China, Mr Tan Ping (second right); the Second-level Inspector of the Department of Publicity, Cultural and Sports Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Chen Xinyu (second left); the Chairman of the Antiquities Advisory Board, Professor Desmond Hui (first right); and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So (first left), officiating at the opening ceremony.
Speaking at the opening ceremony, the Secretary for Development, Ms Bernadette Linn, said that the Han and Tang dynasties were both golden eras in Chinese history, leaving behind a wealth of important historical legacies for the Chinese nation. Following the success of the “Tang Vogue Beyond the Horizons: A Golden Era of Multicultural Integration and Openness” exhibition jointly organised by the DEVB and the NCHA last year, both parties collaborated again to present a large-scale Han dynasty-themed artefact exhibition this year. She eagerly anticipates that through these precious artefacts, members of the public and tourists will learn more about the glorious history of the Han dynasty and appreciate the remarkable virtues of traditional Chinese culture. They will also discover a fresh perspective through the narratives conveyed by the artefacts from Hong Kong and the Chinese Mainland.
Other officiating guests at the opening ceremony of the exhibition were the Director of Art Exhibitions China, Mr Tan Ping; the Second-level Inspector of the Department of Publicity, Cultural and Sports Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Chen Xinyu; the Chairman of the Antiquities Advisory Board, Professor Desmond Hui; and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So.
The exhibition is presented in six thematic sections, covering political system, economic development, culture and beliefs, scientific and technological development, social life and external exchanges. It features 252 pieces/sets of invaluable exhibits. Among them, 203 pieces/sets, including 40 grade-one cultural relics, come from 29 museums and cultural institutions in 14 provinces and autonomous regions on the Chinese Mainland, and most of them are being shown in Hong Kong for the first time. The remaining 49 pieces/sets are significant archaeological finds dating to the Han period unearthed in Hong Kong, painstakingly selected by the Antiquities and Monuments Office of the DEVB.
The star exhibits from the Chinese Mainland highlight the Han precious bronze horse-leading figurine and bronze horse; an eaves end tile with Chinese characters Han Bing Tian Xia (Han unifies the realm); a seven-storey painted pottery granary house with linked pavilion; the Yi Li (Etiquette and rites) wooden slips, a bronze fang vessel of Inner Treasury of Zhongshan, a gold linzhi hoof, the silk letter from Yuan to Zifang and arithmetical slips unearthed at the Xuanquan relay station site in Dunhuang; a silk manuscript of Yinyang Wuxing (Yinyang and the Five Elements) Article B; a silk padded robe with Chang Shou (longevity) embroidery on a crimson purple juan (plain weave silk) ground; gloves with lozenge pattern; padded socks; and a lacquered wooden plate with leopard cat motif and Chinese characters Jun Xing Shi (food for the honoured guest) and a silver box with garlic pattern. Other exhibits cover a variety of categories, ranging from Han bamboo slips, coins, bronze vessels, clothes and ornaments to pottery figurines, pottery houses and agricultural tools, which present the daily lives of various social strata in the Han period.
The key exhibits unearthed in Hong Kong include a pottery house unearthed at Lei Cheng Uk Han Tomb, as well as the Han period artefacts excavated at local significant archaeological sites such as Tung Wan Tsai in Ma Wan, So Kwun Wat in Tuen Mun and Kau Sai Chau in Sai Kung, covering Wuzhu bronze coins, a textile fragment, a stone seal, a bronze ear-cup, jade slotted rings and glass beads. These relics reflect that the Han culture had long been rooted in Hong Kong, and showcase the city’s connection with the country, the pluralistic nature of the Chinese culture and Hong Kong’s links with the early Maritime Silk Road trade.
Admission to the exhibition is free. Details are as follows:
Date: March 20 to September 20 Opening hours: Monday to Wednesday and Friday: 10am to 6pm Saturday, Sunday and public holidays: 10am to 7pm Closed on Thursdays (except public holidays) Venue: Hong Kong Heritage Discovery Centre, Kowloon Park, Haiphong Road, Tsim Sha Tsui Note: Docent services in Cantonese, Putonghua and English are available on Saturday, Sunday and public holidays. Enrolment on-site is welcome and no advance booking is required.
For more details about the exhibition and docent services, as well as a highlight video of the exhibition, please visit the Antiquities and Monuments Office website (www.amo.gov.hk/en/visitor-centre/exhibitions/heritage-discovery-centre/han-exhibition/index.html).
Download key exhibition information and images HERE Click here to download high- resolution photo
Captions:
1. The opening ceremony of the exhibition titled “The Majestic Han: A Golden Age of Vigour and Cultural Integration” was held today (March 19) at the Hong Kong Heritage Discovery Centre. Photo shows the Secretary for Development, Ms Bernadette Linn (centre); the Director of Art Exhibitions China, Mr Tan Ping (second right); the Second-level Inspector of the Department of Publicity, Cultural and Sports Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Chen Xinyu (second left); the Chairman of the Antiquities Advisory Board, Professor Desmond Hui (first right); and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So (first left), officiating at the opening ceremony.
2. Photo shows the Secretary for Development, Ms Bernadette Linn, delivering a speech at the opening ceremony.
3. Photo shows the Director of Art Exhibitions China, Mr Tan Ping, delivering a speech at the opening ceremony.
4. Photo shows the Secretary for Development, Ms Bernadette Linn (first right); the Director of Art Exhibitions China, Mr Tan Ping (second right); the Chairman of the Antiquities Advisory Board, Professor Desmond Hui (second left); and the Chairman of the Advisory Committee on Built Heritage Conservation, Professor Douglas So (first left), touring the exhibition.
5. Photo shows the Secretary for Development, Ms Bernadette Linn (right); the Director of Art Exhibitions China, Mr Tan Ping (centre); and other guests, touring the exhibition.
6. Photo shows the Han precious bronze horse-leading figurine and bronze horse.
7. Photo shows an eaves end tile with Chinese characters Han Bing Tian Xia (Han unifies the realm).
8. Photo shows a seven‑storey painted pottery granary house with linked pavilion.
9. Photo shows the Yi Li (Etiquette and rites) wooden slips.
10.Photo shows the silk letter from Yuan to Zifang unearthed at the Xuanquan relay station site in Dunhuang.
11.Photo shows the arithmetical slips unearthed at the Xuanquan relay station site in Dunhuang.
12. Photo shows a silk-padded robe with Chang Shou (longevity) embroidery on a crimson-purple juan (plain weave silk) ground.
13.Photo shows a lacquered wooden plate with leopard cat motif and Chinese characters Jun Xing Shi (food for the honoured guest).
14.Photo shows a silver box with garlic pattern.
15. Photo shows a pottery house unearthed at Lei Cheng Uk Han Tomb in Hong Kong.
16. Photo shows a Wuzhu bronze coin unearthed at the So Kwun Wat site in Tuen Mun.
Hashtag: #TheMajesticHan
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HCMC, VIETNAM – Media OutReach Newswire – 19 March 2026 – Southern Vietnam consistently stands out as one of the country’s most dynamic gateways for international travelers. Anchored by Ho Chi Minh City, Vietnam’s economic and financial nucleus, this region benefits from year-round tropical weather and a richly diverse marine ecosystem, positioning it as a natural tourism hub.
In 2025, Ho Chi Minh City recorded the highest visitor volume nationwide, welcoming over 53.5 million arrivals, including approximately 8.5 million international tourists. Yet, a persistent paradox remains. Despite its status as the country’s primary entry point, the city largely functions as a transit node rather than a destination where visitors choose to linger. Many travelers stay only briefly before continuing to established coastal destinations such as Vung Tau, Phu Quoc, or Phan Thiet.
Ho Chi Minh City has yet to fully evolve into a tourism ecosystem capable of sustaining extended stays. The limitation is not solely due to the absence of large-scale, destination-defining developments, but also stems from a more fundamental constraint, connectivity infrastructure. For years, the southern region’s interprovincial transport network has developed unevenly, resulting in prolonged travel times and overreliance on a limited number of arterial routes.
That landscape, however, is entering a period of inflection.
A new wave of infrastructure investment – arguably the most extensive in the region’s history – is being deployed, with Can Gio at its epicenter. The convergence of strategic transport corridors is not only reducing travel friction between economic and tourism centers, but also unlocking the long-overlooked potential of Can Gio, gradually reshaping the broader economic and tourism geography of southern Vietnam.
The city’s long-term vision positions Can Gio as a new growth pole, with projected capacity to attract approximately 40 million visitors annually. This ambition contributes to Vietnam’s national target of welcoming 30-35 million international tourists and 160-180 million domestic travelers by 2030.
A 40-Million-Visitor Hub and the Transformation of Southern Tourism
Historically, Can Gio has been recognized as the “green lung” of Ho Chi Minh City, home to a vast mangrove ecosystem and a UNESCO-recognized biosphere reserve spanning approximately 75,000 hectares. Under a new development vision, the district is gradually repositioning itself as “Saigon’s seaside”, a large-scale coastal tourism center located just beyond a metropolitan population of over 10 million.
A series of major infrastructure projects is now converging to redefine Can Gio’s accessibility. For the first time, the area will benefit from a multi-layered transport network, effectively dismantling the geographic isolation that has persisted for decades.
On the aviation axis, Can Gio will connect directly to Long Thanh International Airport, designed to handle up to 100 million passengers annually, via Rung Sac Road and the Ben Luc – Long Thanh Expressway.
On the urban rail axis, the Ben Thanh – Can Gio metro line, expected to commence operations in Q3 2028, will reduce travel time from the city center to the coast to just 13 minutes, shorter than a typical coffee break, effectively integrating Can Gio into the daily living, working, and leisure radius of both residents and visitors.
On the road network, the Can Gio Bridge, scheduled for completion in 2029, will replace the existing Binh Khanh ferry and establish seamless connectivity with regional expressways, embedding Can Gio into both domestic and international logistics networks.
Meanwhile, the Can Gio – Vung Tau sea-crossing route, targeted for completion in early 2029, will open a new coastal tourism corridor, enabling Can Gio to capture a share of the more than 18 million annual visitors currently traveling to Vung Tau.
Complementing this infrastructure backbone, the emergence of Vinhomes Green Paradise is widely viewed as a catalytic force, one capable of activating a new “southern economic and tourism super-map.”
Conceived as an ESG mega-urban development, the project is designed not only to deliver integrated hospitality, entertainment, and lifestyle offerings, but also to function as a central gateway and distribution hub for regional tourist flows.
A True ‘Must-play’ Destination
Commenting on the Vinhomes Green Paradise project in Can Gio, Mike Gorman, Senior Project Architect at RTJ II Golf Course Architects, remarked: “This is going to be completely unique to Vietnam. It will become something people from around the world travel to experience,a true ‘must-play’ destination.”
Its large-scale, experience-driven ecosystem includes: VinWonders Can Gio, envisioned as one of the region’s leading entertainment complexes; two international-standard 18-hole golf courses; a network of 5–6 star hotels and boutique properties totaling nearly 7,000 rooms; the 7-hectare Song Xanh Theater; a five-star Vinmec hospital in collaboration with Cleveland Clinic (USA); and Vin New Horizon, a senior living urban model. This diversified offering enables year-round operations, catering to a wide spectrum of visitor demographics and preferences.
Vinhomes Green Paradise has been conceptualized to align with evolving tourism trends, urban utility integration, and experiential demand, while leveraging Can Gio’s ecological assets to create distinctive, place-based experiences for both visitors and residents. Among hundreds of global participant, Vinhomes Green Paradise has been selected as the first official participant in the “7 Wonders of Future Cities” campaign organized by New7Wonders. Jean-Paul de la Fuente, Director of New7Wonders and President of the campaign, described the project as a compelling model for the concept of a future city, where progress is measured by quality of living across generations.
From an investment perspective, the formation of this “southern economic and tourism super-map” signals not only expanded headroom for the tourism sector, but also the influx of capital and the prospect of sustained real estate value appreciation.
For context, Singapore welcomed approximately 16.5 million international visitors in 2025, generating around SGD 29 billion (equivalent to USD 22.6 billion) in tourism revenue. Against this benchmark, Can Gio’s target of 40 million annual visitors serves as a foundation for long-term asset value growth, as the area evolves into a leading coastal economic and tourism urban center in Vietnam and the wider region.
Hashtag: #Vinhomes
The issuer is solely responsible for the content of this announcement.
Upgraded airfield infrastructure of Masterton’s Hood Aerodrome improves safety and supports the strengthening of the region’s economy, thanks to a $10 million government grant, says Associate Regional Development Minister Mark Patterson.
Mr Mark Patterson is in Masterton today joining locals to celebrate the completion of this significant milestone for Wairarapa’s aviation capability and regional development.
“The Hood Aerodrome upgrade is a major step forward for the Wairarapa. The aerodrome is now safer and better positioned to support the region’s aviation sector, economic development, and community needs for years to come,” Mr Patterson says.
“A series of essential improvements were completed at the aerodrome, including resurfacing and widening the runway, improving lighting, upgrading water and electrical networks for 27 new hangar sites, and building new access roads.
“This work secures the aerodrome’s long-term operational capability and has enabled it to meet Civil Aviation Authority certification requirements, which allows for larger aircraft to operate from the airfield, and positions the airfield for future tourism and economic growth.
“The region can now count on continued support for medical life-flight services, search and rescue operations, agricultural topdressing, aviation events, recreational flying, and pilot training,” Mr Patterson says.
In 2020, Masterton District Council received a $10 million grant to upgrade safety and services infrastructure at Hood Aerodrome. The total value of the project was $17.07 million, which includes co-funding of $7.07 million from the Council.
In addition to the airfield upgrade, further work – supported by $954,000 from the government’s Regional Infrastructure Fund (RIF) – has recently been completed to protect the aerodrome boundary from erosion and enhance flood protection. This project is one of 16 flood resilience initiatives in the Wairarapa co-funded by the government.
Proposals are being sought from experienced operators to restore and operate the historic Chateau Tongariro and its associated buildings, Conservation Minister Tama Potaka says.
Located in the heart of Tongariro National Park, the Chateau has long been an iconic destination for visitors and an important part of the region’s identity.
“The Request for Proposals (RFP), opening on 19 March 2026, invites interested parties to put forward plans that recognise both the heritage significance of the Chateau and the cultural importance of Tongariro National Park.
“The Chateau is a landmark many New Zealanders have visited for holidays to school trips and international visitors experiencing Tongariro for the first time.”
Restoring the building will help ensure the area continues to attract visitors while supporting local businesses and tourism in the wider region.
“We are looking for proposals that balance commercial viability with conservation values, respect for tangata whenua aspirations, and the unique character of Tongariro National Park.”
The RFP process will help identify operators capable of restoring the building while ensuring it remains consistent with the values of one of New Zealand’s most important national parks.
Notes to editors:
The RFP will be open from 19 March to 20 April 2026.
A panel will assess all proposals submitted through the RFP process. Participation in the RFP does not guarantee a concession, and applicants will need to demonstrate they can meet the Department of Conservation’s concession requirements, including all statutory, environmental, and heritage obligations.
The Marlborough District Council wants the government to protect the region’s current environment plan, saying new planning and environmental laws threaten to blow up a decade of hard work.
Marlborough Mayor Nadine Taylor told the Environment Select Committee the region’s geography and climate were distinct and maintaining its environment plan would provide certainty to its primary producers.
The Select Committee heard submissions on the Planning Bill and Natural Environment Bill – which would together replace the Resource Management Act – on Wednesday.
“I’m calling on MPs to protect Marlborough’s status as its own planning region and to safeguard our new planning framework – both are critical to the region’s economy and long-term sustainability,” Taylor said.
The Marlborough District Council is a unitary authority, a single local government body that combines the responsibilities of both a regional council and a territorial authority, which means it manages both local services and regional resource management for the entire Marlborough region.
Taylor said the council managed those functions across more than one million hectares of land and one of New Zealand’s most intricate coastlines.
“Our geography, climate and the industries we support are distinct. Parliament has recognised these differences in previous reform processes – I am asking the Select Committee to confirm that Marlborough remains a separate planning region,” she said.
The region’s combined environment plan provided a stable and well-understood framework for the region’s industries – including viticulture, aquaculture, forestry, farming and tourism – should be deemed fully operative until 2033, Taylor said.
She asked for the select committee to include a provision in Schedule 1 of the Planning Bill to deem the Marlborough Environment Plan fully operative for a defined period or, alternatively, to have the ability to apply for a longer transition during which the plan would continue to apply.
“The Marlborough Environment Plan is the product of more than a decade of work with extensive involvement from iwi, industry and the community and an investment of around $10 million,” Taylor said.
“Industry partners have invested millions more. It’s a sophisticated and newly-settled planning framework that gives confidence to businesses and enables long-term investment decisions.”
Nearly 90 percent of New Zealand’s wine exports were produced in Marlborough and the plan’s rules about water use ensured the viticulture industry was viable.
“Our growers and commercial lenders rely on the stability of the current plan. Requiring us to unravel this new framework now would be unnecessarily destabilising,” she said.
“With proposed rates capping, councils face real limits on funding new planning processes. Marlborough ratepayers should not be asked to repeat a process they have just completed.”
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
Minister of Social Development and Employment Louise Upston is marking 10 years of the Ara Jobs and Skills Hub, which trains and connects people to jobs across the Auckland Airport precinct.
In the past decade:
Over 1,440 people have been supported into jobs
More than 1,700 young people supported through training pathways
3,600 learners gained skills and training opportunities
The Ministry of Social Development has partnered with Ara Jobs Skills Hub for the whole 10 years, helping co-ordinate recruitment and training needs for the 800 businesses employing 25,000 people within the Auckland Airport precinct. Louise Upston says it is a worthy milestone to celebrate.
“The Ara Jobs and Skills Hub facilitates workforce planning, recruitment, and training for this nationally-significant group of businesses spanning aviation, construction, logistics and other service sectors like tourism, retail, accommodation and hospitality.
“The scale of these workforce needs demand a unique platform for long-term planning and coordination.
“It makes sense that the Ministry of Social Development is a key partner given it has the biggest talent pool of people to draw from and MSD’s longstanding relationship with Ara has provided a seamless pathway for job seekers into airport-based jobs.”
Louise Upston says it’s great to see positive signals for renewed infrastructure developments at the Auckland Airport precinct and MSD will continue to support training and recruiting for workforce needs.
“Getting people into jobs is a key focus of our government’s plan to fix the basics and build the future. Work will always be the best way for New Zealanders to support their families and get ahead in life. That is why I am committed to reaching our target of 50,000 fewer people on Jobseeker Support by 2030.”
The US–Israel–Iran war is severely disrupting global energy and logistics markets, heightening recession and inflation risks. With the Strait of Hormuz heavily constrained and commercial shipping facing elevated threats, markets are extremely sensitive to supply losses, delays, and shifting geopolitical risk premiums.
Oil and refined product prices remain volatile, while LNG, freight rates, and war-risk insurance are rising across major trade routes. These pressures increase the likelihood of renewed inflation and weaker growth in the Middle East and beyond, according to GlobalData, a leading intelligence and productivity platform.
The conflict’s operational scope is expanding beyond military targets, increasingly disrupting commercial infrastructure and trade. Ongoing threats to tankers and ports, plus periodic Gulf airspace restrictions, are altering shipping and aviation routes. These disruptions are constraining energy and container flows, lengthening delivery times, and increasing input costs across supply chains.
Ramnivas Mundada, Director of Economic Research and Companies at GlobalData, comments: “The first-order macro shock remains supply-led: energy availability, shipping capacity, and risk premia. Even if oil prices stabilize, the persistence of higher freight costs, longer shipping routes, and insurance costs can keep delivered prices elevated for fuel and intermediate goods. That combination increases the likelihood that inflation proves stickier than expected, complicating monetary policy while weakening real incomes and consumption.”
Conflict-driven cost shocks hit advanced and emerging economies
War-risk insurance premiums for vessels and cargo—as well as aviation insurance and reinsurance—remain elevated, raising the delivered cost of energy and container trade. Higher premiums can render some voyages uneconomic, reduce effective shipping capacity, and accelerate rerouting, further tightening logistics. GlobalData also highlights that financial-market volatility can tighten credit availability, particularly for emerging markets with large external financing needs and high fuel import dependence.
In advanced economies, the key risk is that an energy-and-shipping-driven inflation impulse delays disinflation and complicates the pace of monetary easing. In emerging markets, especially energy importers, the combination of higher import bills and weaker currencies can generate a second-round inflation shock through imported goods and food distribution, while increasing fiscal strain where subsidies absorb part of the shock.
Highly impacted countries: growth and inflation overlays (next 12 months)
Exposure differs sharply by energy balance, supply-chain integration, and sensitivity to shipping and tourism. Hydrocarbon exporters in the Gulf can see partial offsets through higher hydrocarbon receipts, but remain vulnerable to security costs, disruption to trade and aviation, and softer regional tourism. Energy importers in the Middle East and Asia face more direct deterioration in trade balances and higher pass-through inflation.
Where the risk is acute
Iran and Israel remain at the epicenter of downside growth risk. Iran faces the most severe contraction risk under sustained disruption and infrastructure stress, with heightened exposure across energy logistics, insurance and financing channels. Israel continues to face a confidence-led slowdown via weaker investment and tourism, alongside higher defense-related spending that can crowd out private activity.
Energy importers face the sharpest inflation pass-through. Egypt stands out for imported inflation and FX pressures, with fiscal strain likely to rise where subsidies buffer fuel and food costs. In Asia, India, Japan, and South Korea are exposed via higher energy bills and persistent pass-through into transport-heavy components of inflation, raising the risk that headline relief proves temporary.
The Gulf’s offsets are real, but non-oil fragilities are rising. Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain can see partial macro offsets from hydrocarbon receipts. However, hub economies, especially the UAE, are more exposed to aviation restrictions, shipping/insurance costs and sentiment-driven effects on tourism, trade and services.
Europe’s risk is margin compression and delayed easing. Higher import costs and shipping-linked delivered inflation squeeze industrial profitability, particularly in energy-intensive sectors, increasing the probability that monetary easing is delayed if inflation re-accelerates.
Stagflation risk rises if disruption persists
GlobalData’s base case remains that the longer the disruption persists, the more likely the shock will propagate from headline inflation into broader pricing and activity. If elevated shipping and energy constraints continue beyond a few months, the probability of a global growth downshift increases—particularly for economies already operating with tight real incomes and fragile demand. Under that scenario, the balance of risks shifts toward stagflation-like outcomes: weaker growth alongside inflation that falls more slowly than expected.
Mundada concludes: “While energy and logistics constraints persist, the balance of risks remain titled to the downside. Under sustained disruption and infrastructure stress, Iran’s near-term output risk remains extreme. In Israel, the growth outlook continues to face downside pressure as investment and tourism absorb the confidence shock. For major energy importers, including India, Japan, and South Korea, the risk is a prolonged deterioration in trade balances alongside stickier inflation, especially beyond a few months.”
About GlobalData
GlobalData Plc (LSE:DATA) operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change. By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what is coming, move faster, and lead with confidence. Our solutions are used by over 5,000 organizations across the world’s largest industries, providing tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.
Global pop superstar Robbie Williams is bringing his BRITPOP world tour to New Zealand this November, thanks to support from the Government’s $70 million Major Events and Tourism Package.
Tonight Williams has confirmed two New Zealand shows, opening at Eden Park, Auckland on 24 November before becoming one of the first international artists to play the new Christchurch One New Zealand Stadium on 28 November.
“It’s fantastic to welcome a showstopper act like Robbie, giving fans the chance to see him entertaining us,” Tourism and Hospitality Minister Louise Upston says.
“We know concerts like his bring a significant economic injection into our cities and create a real buzz. It’s been calculated that for every dollar spent on live performance, $3.20 is returned in benefits to the wider community and that’s why we’re investing in them.
“Robbie Williams is a master entertainer who can sell out stadiums like Eden Park and One New Zealand. This event has been considered for its capacity to attract large audiences and international visitors.
“Events attraction is about energising the events sector and allowing New Zealand to compete on a global level to host big acts. If there’s one thing we don’t like doing – it’s losing to Australia. Without Government investment, New Zealand would not have been part of the global tour.
“As well as entertainment, the economic benefits of concerts are huge – and that’s why our Government is supporting them. Hotels fill up, restaurants and cafes thrive, tills ring, and local businesses see a surge in customers.
“We can already feel that it’s going to be a massive year in 2026, with stars like Robbie Williams and our Major Events and Tourism package boosting a strong tourism and hospitality sector.
“We’ve previously announced:
Linkin Park – Auckland
Ultra Music Festival – Wellington
FIFA World Series – Auckland
WSL Championship Tour – Raglan
“It’s great to see artists like Robbie Williams bringing their tours to multiple cities and we expect to keep seeing more of that in future with New Zealand being a world-class destination for culture, sport and entertainment,” Louise Upston says.
The Government has unveiled its strategy to harness the tremendous power of its geothermal resources and double its energy use by 2040, Resources Minister Shane Jones says.
From the Ground Up was launched by Mr Jones in Rotorua today, at an event attended by industry, stakeholders and media. The document sets out a practical plan to boost investment in the sector, build regional resilience and economic growth.
“Geothermal has been used for generations to power our regions and industries. This strategy provides momentum by clearing barriers, speeding up development, giving investors confidence and giving developers a green light to get on with it,” Mr Jones says.
The strategy lays out actions to modernise outdated regulatory settings, improve access to geothermal data, reduce early-stage risk for developers and support the growth of both traditional geothermal power and lower‑temperature geoheat applications.
“The strategy also lays a pathway for New Zealand to lead the world in next-generation geothermal technologies, including supercritical/superhot geothermal projects.” Mr Jones says.
“From Ngāwhā, Kawerau, Taupō and beyond, geothermal is already powering industry, tourism and local jobs while contributing around 18 percent of the electricity to the national grid.
“With the right settings, geothermal can do even more through attracting investment, enabling new technologies and giving Māori landowners and regional businesses real opportunities to create value from the resources beneath their feet.” Mr Jones says
Following consultation on a draft, the strategy has been strengthened to better reflect the cultural and economic importance of geothermal resources to tāngata whenua and commits to ongoing partnerships in development, protection and economic participation.
“Geothermal has always been a taonga for Māori. This strategy respects that history while opening the door to shared prosperity and long-term regional benefits.
“This strategy is about action through unlocking investment, supporting innovation, and building a stronger, more resilient energy system. We’re backing geothermal to help power New Zealand’s next chapter of growth.”
The Government has ringfenced $50 million from the Regional Infrastructure Fund for the development of geothermal projects, Regional Development and Resources Minister Shane Jones says.
“Early-stage geothermal exploration involves high upfront costs. Targeted government investment will help de-risk exploration and get more projects off the ground,” Mr Jones says.
“Given the scale of opportunity, it makes sense to ringfence $50m to help de-risk and ensure geothermal projects are well-positioned to lift productivity and strengthen regional resilience,” Mr Jones says.
In New Zealand, geothermal energy accounts for about 20 percent of our electricity supply. Geothermal heat can also have direct industrial and commercial uses such as in timber or milk drying, heating glasshouses for horticulture, or water for prawn farms. It’s also used to heat buildings and water in hospitals, homes and tourist spas.
Three projects have so far been successful in seeking funding, totalling $23m, from the Regional Infrastructure Fund (RIF).
“Through this ringfenced funding, two $10m loans have been granted to two projects – the Taumanu and Kopura geothermal projects near Rotomā and Kawerau,” Mr Jones says.
The projects involve early work needed to potentially unlock two new geothermal power stations for electricity generation. It includes underground surveys and the exploration well-drilling and testing necessary to confirm the geothermal resource.
The funding for the Taumanu and Kopura Projects will be delivered through joint ventures between renewable energy company Eastland Generation and local Māori land trusts.
“These are early-stage projects that, if successful, have the potential to develop additional renewable, reliable, low-emissions, home‑grown energy, while helping boost Māori economic development, jobs, and long‑term regional growth and resilience,” Mr Jones says.
Around 140 jobs are expected during construction, with up to 20 permanent roles once the power stations are operating and opportunities for local suppliers.
A third project, in the Bay of Plenty, has received a $3m grant. The Whakatāne Geothermal Temperature Gradient Well Programme is a project run by the University of Auckland through the Geothermal Institute. It plans to drill three exploratory wells in Whakatāne to provide data that will reduce geological uncertainty and enable future development of renewable heat supply for industrial and community users in the eastern Bay of Plenty.
Relevant projects which meet the criteria and have already applied to the RIF will be considered for the ring-fenced funding. Applications for new projects will also be accepted for consideration.
Successful projects will be announced when they have been evaluated and ministers have made decisions.
Today’s funding announcements follow on from the $60m ringfenced for supercritical geothermal announced in November 2024.
The exclusive event at The Cinema at Selfridges London presented Thailand’s Healing is the New Luxury communication concept through a film premiere featuring Henry Moodie and immersive wellness and cultural experiences.
LONDON, UNITED KINGDOM – Media OutReach Newswire – 16 March 2026 – The Tourism Authority of Thailand (TAT) premiered the Healing Journey Thailand global campaign at The Cinema at Selfridges, presenting Thailand’s tourism direction under the concept Healing is the New Luxury. The event featured the campaign film starring British singer‑songwriter Henry Moodie, alongside cultural showcases, tourism updates and wellness experiences reflecting Thailand’s approach to meaningful travel.
Ms. Thapanee Kiatphaibool, TAT Governor, said: “Healing Journey Thailand reflects Thailand’s tourism development, where travel is defined by quality and balance. Guided by the concept Healing is the New Luxury, the campaign highlights Thailand’s wellness traditions, living culture and contemporary lifestyle experiences, allowing travellers to reconnect with themselves and the country.”
The London showcase, led by Ms. Thapanee and Mr. Nithee Seeprae, TAT Deputy Governor for Marketing Communications, welcomed media, influencers and guests from the United Kingdom and Europe. Before the cinema programme, guests experienced Thai creativity through cultural workshops and Thai culinary offerings.
The programme opened with the Healing is the New Luxury campaign film, followed by tourism updates outlining Thailand’s direction toward sustainable tourism. The centrepiece was the premiere of Henry’s Hero VDO, documenting Henry Moodie’s journey through Trang and Krabi.
Appearing in a bespoke outfit by Thai luxury fashion brand SIRIVANNAVARI, specially designed for the occasion, Moodie introduced audiences to Thailand through moments of reflection and cultural immersion. The film captures encounters with community traditions and local crafts, alongside the tranquil island landscapes of Ko Muk and Ko Kradan, presenting Thailand as a destination where travellers can reconnect with nature, culture, and themselves.
The screening was followed by a conversation between Henry Moodie and TAT executives, where he reflected on his journey across southern Thailand and noted that the message Healing is the New Luxury resonated with his travel experience.
The event concluded with a sound healing session. Before the London premiere, TAT introduced the Healing Journey Thailand campaign through AXN Asia clips featuring Henry Moodie. The global campaign continues through creator‑led journeys across Thailand, with storytellers capturing experiences and highlighting festivals such as Songkran, Loi Krathong–Yi Peng, Vijit Chao Phraya, the Phuket Vegetarian Festival and Tomorrowland 2026.
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