Government commits $10 million to EIT Hawke’s Bay campus rebuild

Source: Eastern Institute of Technology

23 seconds ago

The Eastern Institute of Technology (EIT) has welcomed Cabinet’s approval of $10 million from the Government’s contingency fund to support the rebuild and improvement of its Hawke’s Bay Campus in Taradale following Cyclone Gabrielle.

Cabinet’s decision, announced yesterday, follows the devastation caused by Cyclone Gabrielle in February 2023, which resulted in catastrophic flooding across the campus.

About 90 per cent of ground-floor buildings were inundated with floodwater and contaminated silt, damaging more than 500 teaching and support spaces and forcing widespread disruption to learning and operations.

Many buildings were unusable for months, with teaching delivered across temporary sites throughout Napier and Hastings while repairs progressed.

EIT has since worked to restore campus functionality, using limited insurance proceeds to carry out essential remediation and keep programmes running. While significant progress has been made, insurance funding has not been sufficient to fully meet long-term rebuild needs.

EIT Chief Executive Lucy Laitinen (left) and Council Chair David Pearson have welcomed Government funding to support the rebuild and improvement of the institute’s Hawke’s Bay Campus in Taradale.

EIT Council Chair David Pearson said the Government’s decision was a turning point.

“This funding is a genuine game-changer for EIT. We have rebuilt as much as we could with the resources available, but there have been clear gaps that insurance simply will not be able to cover.

“This investment gives us certainty as we complete the next stage of our rebuild and plan for the future. I am delighted and deeply appreciative of the Government’s support.”

EIT acknowledged the support of Minister for Tertiary Education and Skills Hon Penny Simmonds, along with local MPs, regional leaders, iwi partners and the wider community, who supported the institute through its recovery and return to independence following the disestablishment of Te Pūkenga.

Chief Executive Lucy Laitinen said the funding comes at a pivotal time as EIT moves forward as an independent institution.

“EIT is well and truly back in business. Our student enrolments are strong, our staff are energised by our independence, and we are reconnecting with local industry and our wider communities to ensure we are meeting their needs. This funding will help fill critical gaps in our rebuild and ensure our Taradale campus can continue to serve Hawke’s Bay for generations to come.”

She said the recovery reflects the commitment and resilience of staff, students and supporters across the region.

“We are incredibly grateful for the support we have received through thick and thin from government, our local MPs, regional and civic leaders, iwi, industry partners and the community. We never stopped delivering for our learners, and this investment allows us to focus on rebuilding a campus that is resilient, fit for purpose, and aligned with Hawke’s Bay’s future skills needs.”

The funding will enable EIT to accelerate rebuilding work, improve campus infrastructure, and strengthen its long-term sustainability as Hawke’s Bay’s regional institute of technology.

MIL OSI

LiveNews: https://livenews.co.nz/2026/04/01/government-commits-10-million-to-eit-hawkes-bay-campus-rebuild/

New Zealand WWII pilot’s watch found in Germany more than 80 years later

Source: Radio New Zealand

The watch found in Germany. Supplied

When Tom Metcalfe left for England to fly bombers in the second world war, he took a watch given to him by his parents for his 18th birthday in 1941.

His little sister Sandra was just 12 when he left. She is now 97, and does not like to talk on the phone. Her daughter Louise Taylor, who lives with her in Kaitaia, told First Up Sandra’s memories of her brother leaving are tinged with sadness: “She didn’t see him after that.”

Metcalfe and his crew were killed when their Wellington bomber was shot down near the German city of Cologne as they returned from a night raid in September 1942.

Their bodies were buried near Cologne before being moved to the Rheinberg war cemetry.

Years, possibly decades later, a local man found a mangled watch with an inscription in English. “Tom, from Dad and Mum”, with the date 18th of July 1941.

After the man died, his widow saw Uwe Benkel being interviewed on TV about his work identifying servicemen who were missing in action. Benkel’s helped recover more than 150 aircraft, including the remains of 60 missing crew members. It was a deeply personal mission for Benkel. Two of his uncles were killed on the eastern front in World War Two, he was able to locate the grave site of one shortly before his father’s death.

“When I told him where his brother is buried in the cemetery in Russia, he was crying like a little kid,” Benkel told First Up.

He was tasked with finding the owner of the watch, but was incorrrectly told it was from a Wellington bomber that had crashed much later in the war.

“I didn’t get a connection from the crash to the watch, so I kept the watch in my archives until nine years later,” he said.

On the other side of the world, New Zealander Paul Kercher was doing his own research. Kercher’s great uncle Walter was another casualty of the Second World War.

Walter had been a frontgunner in a Wellington bomber, and several years ago Kercher found an online article stating Walter’s plane had crashed near Cologne, with a reference to a watch being found years later.

Late last year, Kecher found another German website with details of the crash, including his great uncle’s death certificate. Through that he got in touch with Manfred Weichert, another german crash researcher, and Benkel.

They were able to work out the flight number, and the crew list. The pilot was listed as Thomas Metcalfe, and his birthday matched the date on the watch.

“All of a sudden those pieces connected like a puzzle,” said Benkel.

The next task, establishing if Metcalfe had any surviving relatives. Kercher put a post on the New Zealand Remembrance Army Facebook page.

Soon he was in touch with Greg Bennett, Tom’s nephew, who then put him in touch with Louise and Sandra, Tom’s sister.

The precious watch was currently on its way to Kercher from Germany. Kercher planned to personally hand it to Tom’s sister Sandra this month, with Anzac Day a distinct possibility.

“It’s still hard for us to believe” said Louise Taylor. “I think it’ll be more believable for us when we actually get it in our hands.”

For Benkel, he was glad the watch could finally be returned: “We don’t make no difference if it was Germans, Americans, British, New Zealand, because they all were young guys and they had to fight and they had to give the only thing they had, they gave their lives.”

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

LiveNews: https://nz.mil-osi.com/2026/04/01/new-zealand-wwii-pilots-watch-found-in-germany-more-than-80-years-later/

Murderers, money troubles and Malcolm: April’s Best TV

Source: Radio New Zealand

Margo’s Got Money Troubles

This new dramedy from uber-TV producer David E. Kelley (Ally McBeal, Big Little Lies) stars Elle Fanning as Margo, a college dropout navigating unexpected motherhood and a mountain of debt. To make some fast cash, she launches an OnlyFans account, which quickly gains success after she uses pro-wrestling branding tactics learned from her estranged father.

Based on the novel of the same name, the show has spared no expense assembling a powerhouse cast that includes Nick Offerman as Margo’s wrestling dad, Michelle Pfeiffer as Margo’s mum and Nicole Kidman as a family mediator.

Michelle Pfeiffer and Elle Fanning in Margo’s Got Money Troubles.

Apple TV+

Watch: Apple TV+

When: 15 April

Should I Marry a Murderer?

Well, no, obviously. But what if you didn’t know the love of your life was a murderer until after all the wedding invitations had been sent out? Still, a no to be honest, but this is the horrific question Caroline Muirhead had to face after her fiancé confessed that he’d literally gotten away with murder.

This new true crime series investigates the case of ‘The Vanishing Cyclist’ named after a charity rider who disappeared in the UK without a trace, and shows how Muirhead covertly gathered evidence against the love of her life and the emotional turmoil his confession wrought.

Caroline Muirhead in Should I Marry a Murderer?

Netflix

Watch: Netflix

When: 29 April

Kevin

Breakups are never easy, yet for all the debate over who “gets” the pet, surprisingly little thought is given to the animal’s own preferences. This new adult animated comedy runs with that idea and sees the titular house cat choosing to break up with both of his owners after their relationship implodes. The show follows his journey into independence as he navigates life as a freshly single cat.

The voice cast is impressive. Aubrey Plaza, the show’s co-creator, voices one of the spurned owners and is joined by Jason Schwartzman as Kevin, alongside Whoopi Goldberg, Amy Sedaris, and John Waters. With the talent involved, Kevin should be the cat’s pyjamas.

Adult animated comedy Kevin.

Amazon Content Services LLC

Watch: Netflix

When: 20 April

Euphoria

The show that was a lightning rod for controversy due to its unflinching, high-fashion and, some would say, gratuitous depiction of teenage life, returns after a four-year break.

The eight-episode third season follows the original cast members, Zendaya, Sydney Sweeney, and Jacob Elordi, as they leave their wild teen years behind and transition into a (presumably) more mature adulthood.

With series creator Sam Levinson teasing a new film noir aesthetic, the addition of Natasha Lyonne and Sharon Stone to the cast, and themes of sobriety, student debt, ongoing trauma and the trifecta of drugs, sex and love, it sounds like the show has no plans to settle down.

Zendaya in Euphoria.

Neon

Watch: Neon

When: 13 April

David Lomas Breakthrough

The veteran investigative journalist returns with a brand new series that, admittedly, is a lot like his previous shows. Once again, Lomas accepts the seemingly impossible cases and helps New Zealanders solve lifelong mysteries or track down their long-lost loved ones.

Expect plenty of emotional journeys as Lomas looks for the breakthrough that will bring closure, relief or reunite people.

David Lomas Breakthrough

ThreeNow

Watch: Three

When: 14 April

Malcolm in the Middle: Life’s Still Unfair

Hot on the heels of the Scrubs revival, another beloved noughties sitcom returns to our screens. This four-part miniseries finds an adult Malcolm, now a father himself, reluctantly returning home for his parents’ 40th wedding anniversary.

With the original creator back at the helm and most of the original cast returning (bar a recast Dewey), initial reports are promising that the revival has successfully recaptured the show’s manic, middle-class chaos, already sparking rumours that a full new season could be on the cards.

Malcolm in the Middle: Life’s Still Unfair.

Disney+

Watch: Disney+

When: 10 April

Extra Viewing

My House My Castle

Comedian Hayley Sproull looks for the funny in the housing market while experts help regular houseproud Kiwis renovate or relocate.

Comedian Hayley Sproull.

Matt Dwen

Watch: Three / Three Now

When: 8 April

Apex

Charlize Theron stars in this high-stakes survival thriller about a woman being hunted by a ruthless predator through the Australian wild.

Taron Egerton as Ben and Charlize Theron as Sasha in APEX.

Kane Skennar/Netflix

Watch: Netflix

When: 24 April

The Great British Bake Off

The 16th season of the popular baking competition show pops out of the oven as new contestants look to impress the judges with their sweet delights.

Presenters and judges on The Great British Bake Off.

Laura Palmer

Watch: TVNZ 1

When: 9 April

Karl Puschmann is an arts and entertainment journalist, and also runs Screen Crack, a popular Substack dedicated to deep-diving into film and television. screencrack.substack.com.

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

LiveNews: https://nz.mil-osi.com/2026/04/01/murderers-money-troubles-and-malcolm-aprils-best-tv/

Peaky Blinders The Immortal Man: why mythic figures like Tommy Shelby continue to captivate us

Source: The Conversation (Au and NZ) – By Adriana Marin, Lecturer in International Relations, Coventry University

Tommy Shelby returns in Netflix’s new Peaky Blinders film, The Immortal Man, a figure defined by control, composure and calculated violence. He navigates risk, trauma and conflict with an almost unnatural endurance. No matter the pressure, he adapts, survives and remains in charge.

The Immortal Man follows Shelby as he navigates a tightening web of political intrigue and criminal threats beyond Birmingham, forced to operate at a higher, more dangerous level while struggling to maintain control. As power shifts and new alliances form, he is pushed into more dangerous territory, balancing strategy, loyalty and survival, while his past continues to shape his decisions.

Irish actor Cillian Murphy delivers a masterful performance, capturing Shelby’s authority while hinting at the strain beneath the surface.

As the film’s title suggests, Shelby reflects a broader cultural archetype: the “immortal man”. He is not literally invincible, but rather resilient – a character who absorbs damage without collapsing, who endures where others fall apart.

This figure appears consistently in crime drama – Vito and Michael Corleone in The Godfather, Jimmy Conway in Goodfellas, Tony Soprano in The Sopranos – and its popularity reveals something important about how we understand crime, masculinity and power.

Criminology has long challenged the idea that criminal figures are inherently irrational or chaotic. The “enterprise model” of organised crime reframes criminal activity as structured, profit-driven and responsive to market conditions.

From this perspective, participants resemble entrepreneurs operating within illicit economies rather than criminals. Tommy Shelby fits this model closely. His actions are calculated, with violence deployed as a means to an end rather than an impulse.

The emphasis falls on strategy, recognising opportunity, managing risk and consolidating power in ways that echo legitimate business practices. This framing shifts crime away from images of chaos and unpredictability, presenting it instead as controlled and methodical. Yet rationality alone is not enough to account for his appeal.

[embedded content]

Masculinity, control and contradiction

Cultural criminology, particularly the work of Jeff Ferrell, draws attention to the symbolic and emotional dimensions of crime. It is not only about material gain, it is also about identity, meaning and representation. Shelby is not just an economic figure but a cultural performer. His authority is constructed through style, symbolism and reputation.

Control, in this sense, is not only exercised but communicated: his presence, speech and appearance are tightly managed, projecting authority through restraint as much as action. This stylisation makes organised crime seem structured and, for some audiences, appealing. The “immortal man” is therefore not just a survivor, but a figure who appears to master both his environment and himself.

This performance of control is inseparable from masculinity. Sociologist R.W. Connell’s concept of “hegemonic masculinity” (the dominant form of masculinity in society that shapes expectations of how men should behave) helps explain Shelby’s appeal.

He embodies authority, emotional restraint and the capacity to command. He leads decisively, conceals vulnerability and maintains dominance across different spheres of life. Yet what makes the character compelling is the tension within this model. Shelby’s authority is shaped by trauma – war, loss and psychological strain.

He aligns with the ideals of dominance while simultaneously revealing their cost. The “immortal man” is defined not by being invincible, but by his ability to endure and keep going under pressure.

In this sense, masculinity is not just power, but the ability to maintain control while carrying internal damage. Shelby intensifies this model, presenting a form of dominant masculinity rooted in survival, where dominance is sustained through emotional containment rather than the absence of vulnerability.

This tension reinforces a familiar expectation: that masculinity is proven through resilience without visible collapse. At the same time, it adds complexity, presenting strength and fragility as intertwined rather than oppositional.

In The Godfather both Michael Corleone and his father Vito exhibit the same tight control in terms of their own emotions and the people around them. Pictorial Press / Alamy

Sociologist Robert Merton’s strain theory suggests that when access to legitimate success is limited, individuals adapt by pursuing alternative routes.

Shelby’s trajectory reflects this logic. He does not reject the pursuit of wealth, status or influence, but he reworks the means of achieving them. Organised crime becomes a rational response to constraint, blurring the boundary between legitimate and illegitimate enterprise.

This is what gives the figure such resonance. Shelby appears to overcome structural limits while maintaining control, offering a version of success that feels both transgressive and recognisable. His appeal lies not only in what he achieves, but in how he achieves it: with certainty, authority and self-possession in contexts where those qualities feel increasingly scarce.

The endurance of this figure reflects wider cultural anxieties. In periods of instability, characters who impose order and act decisively become especially attractive. At the same time, as traditional models of masculinity are questioned, the “immortal man” offers a reassertion of clarity: an identity grounded in independence and dominance.

Shelby represents more than a criminal figure. He becomes a cultural response to uncertainty, embodying a form of masculinity and authority that promises control, even as it quietly reveals the strain required to sustain it.

Rethinking the ‘immortal man’

The issue is not that audiences engage with these narratives, but that their underlying assumptions often go unexamined. The “immortal man” ties together masculinity, power and violence in ways that appear natural but are, in fact, constructed. Authority is best demonstrated through domination, that emotional restraint is a marker of strength, and that success justifies the means by which it is achieved.

These associations are reinforced through repetition. Criminological research offers a more complex picture. Organised crime is rarely as stable or controlled as it appears on screen. It is often characterised by volatility, exploitation and harm, frequently directed at the most vulnerable.

What figures like Shelby offer, then, is not a reflection of reality, but a compelling simplification of it, one that continues to resonate because it speaks to enduring questions about power, identity and control in uncertain times.

There is, ultimately, nothing immortal about men like Tommy Shelby. What endures instead is the narrative itself: a story that continues to resonate because it speaks to persistent anxieties about inequality, control and the limits of legitimate success.

ref. Peaky Blinders The Immortal Man: why mythic figures like Tommy Shelby continue to captivate us – https://theconversation.com/peaky-blinders-the-immortal-man-why-mythic-figures-like-tommy-shelby-continue-to-captivate-us-279417

Evening Report: https://eveningreport.nz/2026/04/01/peaky-blinders-the-immortal-man-why-mythic-figures-like-tommy-shelby-continue-to-captivate-us-279417/

Why has it taken so long to return to the Moon?

Source: The Conversation (Au and NZ) – By Domenico Vicinanza, Associate Professor of Intelligent Systems and Data Science, Anglia Ruskin University

At 13:24:59 Central Standard Time on December 19 1972, the Apollo 17 command module splashed down in the Pacific Ocean, about 350 nautical miles south-east of Samoa, concluding the last mission to the Moon.

During his career, Apollo 17’s commander, Eugene A. Cernan, logged 566 hours and 15 minutes in space, of which more than 73 hours were spent on the surface of the Moon. Cernan was the second American to have walked in space, and the last person to leave his footprints on the surface of the Moon.

The conclusion of the Apollo 17 journey marked not only the end of a mission, but the close of an era. Between 1969 and 1972, 12 astronauts walked on the Moon over the course of six separate landings.

Half a century later, Nasa is preparing to return under its Artemis programme. For the Artemis II mission, set to launch on April 1 2026, four astronauts will travel in a loop around the Moon in Nasa’s next-generation Orion crew capsule.

More than 50 years is a long gap, and it is only natural to ask if Americans could reach the Moon routinely in the early 1970s, why did it take so long for them to try to go back?

The Apollo 17 mission in 1972 marks the last time humans set foot on the Moon. Nasa

The answer is not simple. It has little to do with technology and much more with how politics, money and global support work. The place to start is with Apollo itself: its model of exploration was not built to last, and was clearly not sustainable.

On May 25 1961, before a joint session of Congress, President John F. Kennedy committed the US to the goal, before the decade was out, of landing a man on the Moon and returning him safely to the Earth.

After Kennedy’s assassination in 1963, President Lyndon B. Johnson ensured that this Moon landing goal was met. But rising costs from the Vietnam war and domestic reforms reduced his appetite for further space investment.

John F Kennedy’s speech at Rice University in 1962 reaffirmed America’s commitment to landing on the Moon. JFK Library

In fact, Nasa’s budget peaked in 1966 and began falling even before Apollo’s success, undermining prospects for sustained exploration. Further funding was declined, planned missions were cancelled, and Apollo ended in 1972 – not because it failed, but because it had accomplished its task.

Sustainable exploration (in space as on Earth) requires stable political commitment, predictable funding, and a clear long-term purpose. After Apollo, the US struggled to maintain all three at once.

Policymakers began to ask what direction Nasa should take next. In 1972, President Richard Nixon directed the space agency to begin building the space shuttle. It would lead Nasa to shift its focus away from deep space exploration towards operations in low-Earth orbit.

‘Space truck’: the shuttle was marketed as providing affordable access to low-Earth orbit. The reality was somewhat different. Nasa

Marketed as a reusable “space truck”, the space shuttle was intended to make orbital access routine and affordable. However, it would turn out to be a vehicle of incredible complexity, marred by technical failures and human tragedies – the Challenger and Columbia accidents in which 14 astronauts’ lives were lost.

Eight years into the shuttle programme, some in the space community believed it was time for the US to once again set its sights on the Moon – and the tantalising prospect of a landing on Mars. On July 20 1989, the 20th anniversary of Apollo 11’s first Moon landing, President George H.W. Bush announced the Space Exploration Initiative (SEI).

The plan aimed for a long-term commitment to construct Space Station Freedom, return astronauts to the Moon “to stay”, and finally send humans to the red planet.

However, the high estimated costs of SEI, reaching hundreds of billions of dollars, led to its downfall. Weak support in Congress along with other factors led to its cancellation under Bill Clinton’s presidential administration.

The ISS became a symbol of scientific cooperation, but consumed resources that might have been used for deep space exploration. Nasa

During the 1990s, the International Space Station (ISS) project cemented low-Earth orbit as the priority for human exploration. The space shuttle was the US’s means of building the station and transporting crews to and from the orbiting outpost.

The ISS became a symbol of scientific cooperation and technical prowess. Experiments carried out on the station generated valuable insights into everything from medical research to materials science. However, it also soaked up resources that might otherwise have supported deep-space exploration.

The Columbia disaster in 2003 – in which a space shuttle broke up over Texas with the loss of its crew – led to another rethink of America’s direction in space. As a result, President George W. Bush announced the Vision for Space Exploration.

The aim of this proposal, which would give rise to what was known as the Constellation programme, was to rebuild Nasa’s capability for reaching the Moon, with Mars as its longer-term goal. But independent reviews warned that costs and schedules were unrealistic. Congress never really gave full financial support to Constellation, leading to its cancellation in 2010 during Barack Obama’s presidency.

This repeated cycle of cancelled space projects exposes some inherent limitations to the system for funding lunar exploration. A sustainable Moon programme needs strong multi-sector commitment, and mechanisms in place for guaranteed multi-decade funding.

Constellation would have sent astronauts to the lunar surface on a lander called Altair. Nasa

But such large programmes must compete each year with defence, healthcare and social spending. Electoral turnover and shifting committee leadership in the US further weaken the prospect of continuity.

Lunar exploration has also suffered from an unresolved strategic question: why go back at all? Apollo’s purpose was largely geopolitical, and after the cold war no equally compelling justification really emerged.

Scientific returns from human space missions are limited compared with robotic exploration. Commercial prospects remain uncertain, and prestige alone rarely sustains or secures large budgets.

Maybe a more fitting question is: why does Artemis appear to have escaped the pattern? Well, Nasa argues that sending astronauts back to the lunar surface – and in particular, establishing a sustained presence there – will help researchers learn “how to live and work on another world as we prepare for human missions to Mars”. That is true, up to a point.

Nasa also emphasises that Artemis will be built through commercial partnerships and international cooperation, creating the first long-term human foothold on the Moon.

With Artemis, has Nasa finally found a rationale to maintain a more enduring presence on the Moon? Nasa

The programme seems to sit at a carefully crafted intersection of US government leadership, commercial launch capabilities, and a broad coalition of international partners brought together under the Artemis Accords. The accords are a set of common principles regarding the use of the Moon and other targets in outer space, agreed between the US and other countries.

The main difference from previous promises to return to the Moon is that this, at least in theory, spreads risk and widens the base of political support. In practice, though, Artemis remains costly and exposed to shifting budgets and priorities.

There is also a cultural dimension to this question. Apollo created a powerful – albeit fragile – myth of swift, heroic technological advance. Artemis is building its large technological base in societies and democratic contexts where investments and commitments tend to evolve slowly, shaped by negotiation, compromise and competing interests.

If Artemis succeeds, it will be because all the political, economic, societal and scientific incentives have finally aligned in a durable way. But until that alignment is proven, the 50-year gap between Apollo and Artemis is less an engineering puzzle than a reminder of how difficult sustained exploration is for modern democracies.

ref. Why has it taken so long to return to the Moon? – https://theconversation.com/why-has-it-taken-so-long-to-return-to-the-moon-274640

Evening Report: https://eveningreport.nz/2026/04/01/why-has-it-taken-so-long-to-return-to-the-moon-274640/

The Emperor’s New Clothes – a fairy tale for our times?

Source: The Conversation (Au and NZ) – By Nicola Welsh-Burke, Sessional Academic in Literary and Cultural Studies, Western Sydney University

In mid-March, an activist group in Rutland County, Vermont, held its usual weekly rally protesting the actions of US president Donald Trump. One protester, Marsha Cassel, led the crowd, dressed as a naked Trump wearing a crown and holding a staff. Cassel was followed by another protester holding a sign proclaiming “THE EMPEROR HAS NO CLOTHES!”.

This is not the first time Trump has been compared to Hans Christian Andersen’s bumbling emperor, who marched naked through the streets while claiming to be dressed in finery – a fiction many of his subjects willingly indulged.

Who was Andersen, what aspects of his life informed this particular story and why might this be useful to know in the age of Trump?

Andersen was born in Odense, Denmark, in 1805. While his grandfather supposedly claimed noble origins for the family, Andersen’s father was a cobbler and his mother an illiterate washerwoman.

Goodreads

After his father died, Andersen moved to Copenhagen for work, where he found a patron, theatre director Jonas Collin, who paid for his education. Andersen started writing after graduating from university, becoming well known for his fairy tales, which he began publishing in the 1830s.

The Emperor’s New Clothes is in his 1837 work, Fairy Tales Told for Children, which featured other memorable tales such as The Steadfast Tin Soldier and The Little Mermaid.

The story follows a vain and clothes-obsessed emperor who commissions clothing from two travelling conmen. These men, posing as weavers, visit his court to show off a new kind of material, which is supposedly rendered invisible to a man “unfit for the office he held”, or “extraordinarily simple in character”.

Afraid to reveal that he cannot see the material, the emperor sends in several aides to review the process, who all lie about being able to see the clothes being made.

llustration by Edmund Dulac from Stories from Hans Andersen, published 1938. Universal Images Group via Getty Images

Once the “outfit” is finished, the emperor dons it and parades naked through the town. The townsfolk compliment the garments, until a small child bursts the bubble, yelling out that the emperor has no clothes.

Unable to admit this, the emperor continues on his way. But the townsfolk now laugh.

This simple tale powerfully criticises rulers who tell untruths, performing intelligence and leadership, as well as those who uncritically allow this.

An outsider looking in

Like many fairy tales, the origins of this one stretch back centuries. Older versions date to medieval times. All feature people in power being duped by conmen who play on their vanities about their own intelligence. Literary scholar Hollis Robbins suggests Andersen’s version reflects a newly-emerging working class culture where “professional competence” was “quickly overtaking legitimacy and heritage as a source of aristocratic anxiety”.

In his book The Enchanted Screen: The Unknown History of Fairy-Tale Films, fairy tale scholar Jack Zipes claims Andersen was “embarrassed by his proletarian background” and “rarely mingled with the lower classes” once he found success as a writer.

Andersen never married and more recently, has been understood as a bisexual man. He had infatuations with both men and women, including Edvard Collin (the son of his patron Jonas) and Swedish opera singer Jenny Lind. After a fall in 1872, from which he never recovered, he died in 1875.

Hans Christian Andersen in an 1836 portrait. Wikimedia Commons

Andersen’s lower class background, argues Zipes, meant he was particularly well suited to biting cultural commentary about the difficult path for those escaping poverty.

In one translation of The Emperor’s New Clothes, the child who proclaims the nudity of the emperor is called “the voice of innocence” by his father. This voice spreads through the crowd, leading to the comical image of the naked emperor’s aides striving to lift the invisible train of his outfit even higher.

Regardless of one’s position in life, this story suggests you cannot escape “suffering, humiliation, and torture,” writes Zipes.

Indeed, many of Andersen’s tales feature characters (often frail, young women) who suffer immensely before dying nobly. The Emperor’s New Clothes, with its child character as the voice of reason, has an ending that, while not “happily ever after”, is as lighthearted as Andersen gets.

The power of fairy tales

The fairy tale is one of the most recognisable literary genres. We hear them from such a young age it is almost like we were born knowing them. Beginning as oral folktales, many of the tales we know today were first written down in 16th and 17th century France, Italy and Germany as social commentary and educational stories.

It is difficult to identify the “originals” of many tales, given their folkloric origins. Still, while it is almost stereotypical now to note that the “original fairy tales” (before contemporary Disney adaptations) were surprisingly dark Andersen’s are noticeably, and notably, bleak.

The Emperor’s New Clothes has been retold many times, with print, screen and musical adaptations. As Donald Trump, in the words of one pundit, continues to “construct a narrative, declare it to be true and relentlessly force the world to submit to it”, the story resonates today.

Indeed, literary academic Naomi Wood has argued that in a post 9/11 world, a “terrifying possibility” emerges in readings of the tale.

The truth of the fairy tale is not its glorification of the voice of innocence, free from corruption and untruth. Rather, it is that adults will continue to believe their own lies, even when they are clearly revealed. As a result, we allow the parade to continue, even while knowing it is farcical.

ref. The Emperor’s New Clothes – a fairy tale for our times? – https://theconversation.com/the-emperors-new-clothes-a-fairy-tale-for-our-times-279558

Evening Report: https://eveningreport.nz/2026/04/01/the-emperors-new-clothes-a-fairy-tale-for-our-times-279558/

Jane Ward Tost was a trailblazer in natural sciences – until history forgot her

Source: The Conversation (Au and NZ) – By Jane Melville, Senior Curator, Terrestrial Vertebrates, Museums Victoria Research Institute

In the 19th century, natural history was a field dominated by men: collectors, curators and naturalists. Names such as John Gould and John James Audubon are well known for their contributions to ornithology.

Far less familiar is Jane Catherine Tost (nee Ward, 1816–1889), a skilled taxidermist and naturalist who worked alongside leading figures of her era, and became the first woman employed in a professional role at an Australian museum.

Recent archival research has brought new attention to Tost’s life and career, revealing the extent of her contribution to 19th century natural history. While, to our knowledge, no images of her have survived, many of her works are still in museum collections.

Tost’s story is the subject of my new book, For Her Love of Birds, published by Museums Victoria.

Early life in London

Jane Catherine Ward was born in 1816 into a family closely connected to the London bird trade. Her father was a bird breeder, and her older brothers, like Jane, were taxidermists.

In 1825, her eldest brother, James Frederick Ward, entered a partnership with the young naturalist John Gould. Operating from Golden Square, London, the pair advertised themselves as “bird stuffers to the King”, preparing specimens for elite clients.

Evidence uncovered for this book confirms James Frederick Ward was Gould’s first business partner, a detail not recognised in previous histories. The partnership ended in 1828 after Gould was appointed to a curatorial role at the Zoological Society of London.

But the Ward family remained active in scientific circles. They developed an association with the naturalist John James Audubon, and Jane’s brothers travelled to the United States to assist him in collecting bird specimens. Her brother Edwin Henry Ward accompanied Audubon on his first trip into the Florida Territories in 1831.

Jane remained in London, where she developed her own expertise as a taxidermist. By 1838, at the age of 21, she was working for Gould, preparing bird specimens for his projects – including those from his travels across Australia.

A Tasmanian masked owl (Tyto novaehollandiae castanops), from the John Gould Collection, at the time Jane Tost worked for Gould in London. Jon Augier/Museums Victoria

Her position was unusual, considering how few women worked in paid scientific fields back then. Indeed, in 1838, of the 18 taxidermists listed in the trade directories, none were women.

But in the 1841 census, Jane listed herself as a taxidermist (or bird stuffer, as they were known then).

Hardship and emigration

Jane married Charles Tost, a Prussian-born pianoforte maker, in 1839. Yet she continued working while raising a family.

During the 1840s they experienced financial hardship. And, like many others living in London during this period, they faced the threat of disease, instability, and personal tragedy.

Moving from London to Nottingham 1850, Jane opened her own business, advertising herself as a leading naturalist and using her maiden name “Ward” alongside her married name. Her work as an independent, professional naturalist gathered considerable attention in the local papers.

Newspaper advertisement introducing Jane Ward Tost’s new business as a naturalist and ‘bird stuffer’ to Nottingham. Published in the Nottingham Journal, August 16 1850. British Library, St Pancras – London.

In 1855, the family emigrated to Australia. Although it has been previously reported they travelled to Australia on the Indian Queen, research for this new book uncovered documentation they sailed on the fast-clipper Schomberg, bound for Melbourne.

The voyage was fraught with problems, which came to a head on a stormy night two days after Christmas when the ship wrecked on the Victorian coast. Although all passengers were rescued, the ship was lost.

The Tost family eventually continued on to Tasmania, all their belongings at the bottom of the sea.

Schomberg leaving Liverpool, 1855. Colour Lithograph by T G Dutton

A new career in Australia

In Hobart Town, Jane began working for the Royal Society of Tasmania, preparing specimens for their new museum, which would later become the Tasmanian Museum and Art Gallery. Her work was well regarded, and she contributed to displays that would be shown internationally, including in an 1862 exhibition held at the Crystal Palace.

Seeking broader professional opportunities, Jane moved her family to Sydney. There she established a taxidermy business and undertook work for private clients and public exhibitions. Her work, including a well-publicised display of alpacas that won medals at the International Exhibition in London in 1862, helped establish her reputation.

Her most significant appointment came when Australian Museum director and curator Gerard Krefft employed her as a taxidermist in 1863. She was paid £10 per week, the same wage as the men. In this role, she repaired and prepared specimens for display when the museum’s collections required extensive restoration.

Her employment marked a milestone: she was the first woman appointed to a professional position at the Australian Museum, and likely one of the first at a museum globally.

The Australian Museum in Sydney, 1860s, with Gerard Krefft (right) pictured in the skeleton gallery. Henry Barnes Snr © Australian Museum (only for use with this article)

Her legacy

Despite her achievements, Jane’s career was not free from difficulty. Heated disputes within the museum led to the dismissal of her husband, who had also been employed there, and she subsequently lost her position. The family again faced financial strain.

Irrawaddy squirrel (Callosciurus pygerythrus) specimens prepared by Jane Tost while she worked as a taxidermist at the Australian Museum, Sydney, in the 1860s. Photo by M. Dean-Jones © Australian Museum (only for use with this article)

Following further tragedies, Jane and her daughter Ada established a taxidermy business opposite the museum. Over time, it became one of the leading taxidermy establishments in Australia, supplying specimens to museums and private collectors globally.

Jane continued working until her death in 1889, exhibiting at international exhibitions in London, Paris, Calcutta and Chicago.

Although her name faded from mainstream accounts of scientific history, Jane Ward Tost played a significant role in the development of natural history collections in both Britain and Australia.

The full extent of her life – spanning professional achievement, migration, personal loss and resilience – is finally being fully documented.

Her story offers a new perspective on the people who underpinned 19th century museums and natural history, and on the women whose expertise helped build museum collections that still exist today.

Plains pocket gopher (Geomys bursarius) specimen prepared by Jane Tost while she worked as a taxidermist at the Australian Museum, Sydney, in the 1860s. Photo by M. Dean-Jones © Australian Museum (only for use with this article)

ref. Jane Ward Tost was a trailblazer in natural sciences – until history forgot her – https://theconversation.com/jane-ward-tost-was-a-trailblazer-in-natural-sciences-until-history-forgot-her-276764

Evening Report: https://eveningreport.nz/2026/04/01/jane-ward-tost-was-a-trailblazer-in-natural-sciences-until-history-forgot-her-276764/

How Taiwan is viewing the Iran war – and what it reveals about US credibility

Source: The Conversation (Au and NZ) – By Bonnie Yushih Liao, Assistant Professor of Diplomacy & International Relations, Tamkang University

The United States and Israeli strikes on Iran have become increasingly concerning for the world due to the risks of further escalation and the impact on energy markets.

In Taiwan, however, the focus has shifted in a different direction.

Rather than treating the war as geographically distant, Taiwanese political leaders and analysts are viewing it as a real-time indicator of how the United States operates under strategic pressure.

The key question is less about whether the United States would act if a conflict with China were to break out in the Indo-Pacific region, and more about how it would manage competing pressures if multiple crises unfolded at once.

A test of limits, not intentions

There is growing recognition in Taiwan that US resources are not unlimited.

The Middle East war has caused energy prices to fluctuate and stoked fears of rising inflation in the United States, demonstrating the domestic costs of military operations.

US President Donald Trump’s approval ratings have also taken a hit, with some in his own party now questioning his rationale for going to war.

Some reports have indicated US supplies of interceptor missiles are running low. The US military has, for example, had to move some THAAD missile interceptors from South Korea to the Middle East. The US has also struggled to defend against Iran’s use of asymmetrical fighting tactics.

This has direct implications for the deterrence Washington has long maintained in the Indo-Pacific. This deterrence depends not only on US war-fighting capability, but on the expectation this capability will remain intact under strain.

Conflicts elsewhere may not weaken the US resolve to intervene if China were to invade or pressure Taiwan in some fashion. But they can drain American resources and influence where these items are prioritised.

Shifting thresholds for the use of force

The US has also framed its strikes on Iran as a “preventive” action aimed at mitigating a future threat rather than responding to an imminent attack. This raises broader questions about the changing threshold for the use of force in the Indo-Pacific.

For Taiwan, this is not an abstract notion. If the threshold for military action is lowered from imminent threat to potential risk, the strategic environment becomes less predictable in the Indo-Pacific.

This broadens the range of circumstances under which force by the United States may be justified.

The speed with which the Trump administration has acted in Iran has also increased uncertainty for regional partners like Japan and South Korea in assessing when and how the United States would act against China.

The US’ NATO partners weren’t told about the Iran strikes before they happened. This could make Japan and South Korea similarly worried about a lack of communication on potential US actions over Taiwan.

South Korean protesters rallying against the US and Israel attacks on Iran in Seoul on March 24. Ahn Young-joon/AP

Wars rarely follow anticipated pathways

The Iran war has also raised broader questions about how the United States adapts as crises evolve.

Much of the discussion around Taiwan has traditionally centred on the possibility of a large-scale Chinese invasion. However, recent developments suggest escalation may be less linear than this.

Rather than following a single, predictable pathway, conflicts can develop through a sequence of smaller decisions, the ambiguity over signals sent by an adversary, or rapidly changing political conditions.

This has contributed to a shift in strategic discussion in Taiwan. Recent defence policy debates and security forums have increasingly examined scenarios in which China pressured Taiwan with grey-zone tactics, blockades and incremental escalatory moves, rather than focusing solely on full-scale invasion.

As a result, attention is shifting to how such pressure might build over time – through cyber operations, maritime restrictions or limited military actions – and possibly spiral out of control.

The current crisis in the Strait of Hormuz has been watched closely in Taiwan as an example of how disruption of a strategic chokepoint can quickly impact the world. This raises questions about whether similar dynamics could emerge in the Taiwan Strait, and how prepared external actors – including the US – would be to respond.

The US has also been unable to prevent the Iran war from spilling over into the Persian Gulf states. This raises questions about whether a war over Taiwan could be contained or produce wider regional effects.

The USS Antietam (CG-54) conducting operations in the Taiwan Strait in August 2022. US Navy handout/EPA

The risk of misinterpretation

For Taiwan, the most immediate challenge comes from how China interprets US actions in Iran. If Beijing concludes that diminishing military resources or domestic pressures would limit the US’ ability to wage a sustained conflict in the Indo-Pacific, it may reassess the risks of applying coercive pressure on Taiwan.

This does not imply immediate conflict is likely over Taiwan. However, it increases the likelihood that China would try to pressure or coerce Taiwan just below the threshold of full-scale war.

History suggests that escalation is often shaped by how situations are interpreted by adversaries, rather than by clear shifts in power. When states believe conditions are more favourable than they actually are, the risk of misjudgement increases.

For Taiwan, the challenge is therefore not only to assess developments in the Middle East, but to ensure that its own position is not misunderstood. This involves:

  • maintaining credible defensive capabilities
  • reinforcing internal cohesion against possible threats
  • signalling clearly that any attempt at coercion would face robust resistance.

Deterrence depends not only on what a country can do, but what others believe it will do — and whether those beliefs discourage risk-taking.

ref. How Taiwan is viewing the Iran war – and what it reveals about US credibility – https://theconversation.com/how-taiwan-is-viewing-the-iran-war-and-what-it-reveals-about-us-credibility-279102

Evening Report: https://eveningreport.nz/2026/04/01/how-taiwan-is-viewing-the-iran-war-and-what-it-reveals-about-us-credibility-279102/

I’m close to retirement age. What are my options for drawing on my super savings?

Source: The Conversation (Au and NZ) – By Di Johnson, Senior Lecturer, Finance and Financial Planning, Griffith University

Retiring well means making a series of decisions to ensure a financially secure post-work life. One practical step is to work out the income you need each week to survive and thrive when you stop working.

If you are one of the many Australians still working and growing your super, knowing more about tailored retirement income products might help to plan.

There are two main ways to use super savings in retirement:

  • through products that provide an income stream, and/or
  • through lump sums.

CC BY-NC

It’s easy to put off thinking about superannuation when retirement is years away. In this five-part series, we ask top experts to explain how to sort your super in a few simple steps, avoid greenwashing, and set goals for retirement.


Account-based pensions

The most common product for a retirement income stream in super is an account-based pension. These can be set up outside super, but there are advantages inside super. Around 80% of retired super fund members have one or more account-based pensions in super.

These products offer flexibility, control and continued exposure to investment markets. They allow retirees to convert part, or all, of their super balance into an income stream while keeping an allocated sum invested.

More than one can be set up, at different times, and with different investment choices, so your investment balance keeps growing while providing income in the short-term. Retirees can choose how much they withdraw, as long as they meet the government’s minimum withdrawal requirements.

Arguably, the greatest advantage of an account-based pension within super is its tax effectiveness compared to investments outside super. Once a super member is fully retired, both the investment earnings and income drawn from an account-based pension in super is tax-free.

One of the disadvantages of account-based pensions in super is that the age-based minimum drawdown rates might not suit your investment timing or income preferences. Investment returns are not guaranteed, and you don’t know how many years of income will be needed.

If you die before the funds are fully drawn, however, your beneficiary can receive the remaining money.

One or more retirement products can provide steady income for retirees. Greta Hoffman, Pexels

Another option for regular income: annuities

Retirees can also use their super to buy another type of income product called an annuity. There are a few main types of annuities and you can choose if you want the income payments:

  • guaranteed over a fixed period of time
  • investment-linked over a fixed period or for life, or
  • guaranteed for the rest of your life, typically adjusted for inflation.

The cost of the annuity will vary depending on these factors. Annuities provide more certainty both in the payments and timeframe for income, regardless of investment market performance.

In Australia, fewer than 5% of super member accounts are annuities. But that may be changing, as more retirees realise the advantages of including an annuity in their super income planning.

Annuities can be bought using super or non-super money, but using super has the advantage of tax-free earnings and income.

In addition, for age pension eligibility, Centrelink only takes into consideration 60% of the value of a lifetime annuity compared to 100% of an account-based pension. This favourable treatment means your super savings can last longer, because your retirement income will be supplemented with more age pension.

On the downside, annuities have less flexibility. Once you have committed a lump sum of super to purchase the annuity, you cannot convert that back into a lump sum.

The income from annuity returns may also not be as high as in an account-based pension, because there is a trade-off between investment returns and guaranteed income.

Choosing the right mix for your circumstances

Retirees may benefit from a retirement income strategy that includes a combination of account-based pensions and annuities, depending on their personal needs and circumstances.

Once aged 67, retirees will also be eligible for the age pension, within asset or income limits. More than 60% of retirees receive at least some age pension, around 40% as their main income.

There is a maximum amount that can be transferred to pension phase within super, regardless of whether you choose an account-based pension or annuity, or a combination. That cap currently sits at A$2 million.

What about lump sums?

Once a super fund member reaches preservation age, usually age 60, and ceases at least one job, they may be able to access some or all their super as a lump sum. Alternatively, a member can access some or all their super as a lump sum when they turn 65, regardless of their employment.

With more people heading into retirement with mortgages, lump sums can be used to pay down debt, or for home repairs, holidays or even gifting.

How the lump sum is used may affect your age pension. In 2025, the average lump sum taken out by newly retired members was around $58,000.

While income stream products have a range of advantages within super, taking at least some super as a lump sum is common, even later in retirement. More than $71 billion was paid out in lump sums from superannuation in 2025 across 2.26 million member accounts.

Advice can help

Getting advice on coordinating super income streams and age pension entitlements can make a big difference to maximising your income while managing risk. Licensed financial advisers are in high demand, either within or outside your super fund.

Super funds can provide a range of valuable information, calculators and support. Other online tools are also available that can help with retirement income planning, including taking age pension eligibility into account.

Disclaimer: This article provides general information only and is not intended as financial advice.

ref. I’m close to retirement age. What are my options for drawing on my super savings? – https://theconversation.com/im-close-to-retirement-age-what-are-my-options-for-drawing-on-my-super-savings-276377

Evening Report: https://eveningreport.nz/2026/04/01/im-close-to-retirement-age-what-are-my-options-for-drawing-on-my-super-savings-276377/

Family ‘devastated with worry’ over French man Antoine Richard who’s missing in central Otago

Source: Radio New Zealand

Antoine Richard hasn’t been seen since 21 March. Supplied / NZ Police

The family of French national Antoine Richard is appealing for more help in the search for the 21-year-old who was reported missing in Cromwell on the weekend of 21-22 March.

Richard was last seen on 21 March, around 11.45pm at the Victoria Arms Hotel on the corner of Achil Street and Melmore Terrace.

A statement issued by police on behalf of the family on Wednesday said: “An enormous amount of work has already been carried out by the police, the Search and Rescue team, Carrick winery where he worked, his friends, the Cromwell Rugby Team, local residents, and everyone who has taken part in the search.

“We are infinitely grateful to them.”

The family, Hervé, Marithé, Claudine, Elise, Noémie, Valentin and Corentin Richard, said they were asking for people’s help with these aspects of the case:

  • A Croc shoe that had been found
  • If you or someone you know owns a property in Cromwell, please check your surroundings, gardens, and outbuildings
  • If you have a security camera, please review the footage from after 11:30pm on 22 March
  • Anyone who gave a lift to Richard in the early hours of 22 March

“We have been devastated with worry since we heard the news.

“We are writing on behalf of his entire family, his friends, his colleagues in France and New Zealand, and all the people he loves, in the hope of finding him as soon as possible.”

Police are also appealing for residents to check their properties and any CCTV footage which can be uploaded here.

They also want to hear from anyone who may have seen a person matching Richard’s description either hitchhiking or walking in Cromwell in the early hours of 22 March.

Supplied / NZ police

Detective Phill Hamlin said searches have been conducted by LandSAR members from throughout the Otago and Southland area, police, Coastguard and many members of the community.

“We remain dedicated and focused on locating Antoine,” he said.

The Police National Dive Squad will also search areas of Lake Dunstan.

Search teams located a grey rubber Croc branded sandal from the shore of Lake Dunstan and would like to speak to anyone who may have seen somebody wearing the footwear.

Richard was last seen also wearing light coloured knee length shorts and a black t-shirt, police said.

Anyone who has seen him or has information regarding his whereabouts, is urged to contact police via 105, using the reference file number 260324/5771.

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

LiveNews: https://nz.mil-osi.com/2026/04/01/family-devastated-with-worry-over-french-man-antoine-richard-whos-missing-in-central-otago/

Will medicinal cannabis help my mental health? Here are the evidence and the risks

Source: The Conversation (Au and NZ) – By Suzanne Nielsen, Professor and Deputy Director, Monash Addiction Research Centre, Monash University

Anxiety, depression and post-traumatic stress disorder (PTSD) are among the most common mental health conditions for which Australians are prescribed medicinal cannabis.

Most prescriptions for mental health conditions, and for other conditions more broadly, are for products containing higher levels of THC (tetrahydrocannabinol). This is the part of cannabis that causes a “high” and can affect thinking and mood.

Many of these prescriptions are for inhaled products, such as dried leaf or flower that people smoke or inhale.

This pattern of use – of inhaled, higher-THC content for mental health conditions – appears to be partly driven by prescribing trends among 18 to 44-year-old men.

For anxiety alone, there are almost three times more approvals for the products containing the highest levels of THC than for products containing only CBD (cannabidiol).

But this prescribing pattern doesn’t line up with the best available research. Most higher-quality clinical trials for anxiety have tested CBD-based products, not THC.

This is just one example of how Australians are using medicinal cannabis to treat mental health conditions without the best available evidence to back it.

Let’s start with anxiety

Anxiety is the most common mental health reason people seek medicinal cannabis in Australia.

There is emerging evidence CBD may help some people with anxiety, but the findings are inconsistent.

The largest and most comprehensive systematic review on medicinal cannabis and mental health found it did not meaningfully improve anxiety symptoms. The authors said we still need larger, high-quality trials, and studies that reflect how people use medicinal cannabis in the real world.

Evidence for THC is even more mixed. In our previous article we described how some people find THC makes them feel calmer, but others say it worsens their anxiety. As few trials have investigated THC for anxiety, it is hard to draw firm conclusions.


CC BY-NC

Medicinal cannabis prescriptions have skyrocketed in Australia, mostly for legal but unapproved products we don’t even know work or are safe. In this series, experts tease out what’s fuelling the rise of medicinal cannabis, the fallout, and what needs to happen next.


How about PTSD?

The evidence so far for using medicinal cannabis to treat PTSD is limited.

While some people report benefit, the findings from the small number of high-quality randomised controlled trials (the gold standard for medical evidence) are mixed.

In one very small study, only five people completed the entire protocol. This tested vaporised cannabis containing either a combination of 10% THC and 10% CBD, or a product with mainly 10% THC.

Both products appeared to improve PTSD symptoms in the short term, but the trial had trouble recruiting participants. A larger study would be needed to know if the results are reliable.

Another trial tested smoked cannabis with three strengths: 12% THC, one mainly containing CBD, and one with equal amounts of THC and CBD. There was no change in the severity of PTSD symptoms for any of the products compared to placebo. Smoking cannabis, including medicinal cannabis, is also not recommended because of its well known harms.

The limited and uncertain evidence is one reason the Department of Veterans’ Affairs has decided not to fund medicinal cannabis to treat mental health conditions, including PTSD.

What about depression?

There is even less high-quality evidence for using medicinal cannabis to treat depression. A recent systematic review found no relevant randomised controlled trials.

A small pilot study tested 150–300 milligrams a day of CBD alongside standard treatment for bipolar depression. CBD was well tolerated, meaning it didn’t cause serious side effects, but it didn’t help symptoms.

Studies for different types of depression are mixed. Some show possible benefits but also unfavourable effects including worse symptoms or acute mental health effects such as psychosis, suicidal thoughts or anxiety. It is also unclear whether unfavourable effects are due to the product or underlying mental health condition.

Is medicinal cannabis safe?

Emerging evidence shows psychosis has been reported among people using medicinal cannabis containing higher levels of THC.

Australia’s medicines regulator, the Therapeutic Goods Administration (or TGA) says products containing THC are generally not appropriate for people who have a personal or family history of psychosis or schizophrenia. This caution also extends to people with past or current mood or anxiety disorders.

This is largely because THC can worsen or trigger symptoms in people who are already vulnerable to these conditions.

Why the increased risk?

Is this due to the THC or were these people already at higher risk? It’s likely a mix of both.

Daily or near-daily cannabis use (which is common with medicinal use) is linked to a higher risk of psychosis, or it may contribute to developing it.

Young people may be particularly vulnerable to side effects after taking medicinal cannabis (and cannabis in general) for mental health conditions as their brains are still developing.

Other research shows higher-strength THC products appear to carry higher mental health risks for everyone. People who use frequently, or for long periods, are at further risk.

So the emerging picture is that the product used, how it is used, and the person matter and can influence health outcomes. Higher THC products raise risks across the board, but those risks are increased in people who start young, use often, or continue long term.

What happens when I stop taking it?

Some people whose mental health symptoms increase when they stop taking medicinal cannabis see that as evidence their medicine was working. But that’s not necessarily the case. They could be experiencing withdrawal from cannabis.

Many people who use cannabis (medicinal or otherwise) experience a rebound in symptoms – such as anxiety or sleep difficulties – when they stop. This can feel very similar to the symptoms that prompted them to seek treatment.

We also know around one in three or four people who use cannabis medically will develop cannabis dependence and are likely to experience withdrawal symptoms if they stop using it suddenly.

So, cannabis withdrawal may be more common than people realise, and may well explain symptoms that emerge when someone stops taking it.

How do I know what is right for me?

Many studies that look at whether medicinal cannabis could help different mental health conditions are low quality or have conflicting findings. So the evidence is not yet strong enough to recommend it as the best treatment for any mental health condition.

So talk to your trusted, regular medical professional to help you weigh up the potential benefits and risks of medicinal cannabis, especially if you have a history of mental health concerns.

Given the mixed evidence and the TGA’s cautions, it’s really important to seek personalised medical advice.


If you or someone you know is struggling with anxiety, mood changes, or any mental health concerns – whether or not these relate to cannabis use – the following support is available: Beyond Blue (24/7 support): 1300 22 4636 and Lifeline (crisis support): 13 11 14.

ref. Will medicinal cannabis help my mental health? Here are the evidence and the risks – https://theconversation.com/will-medicinal-cannabis-help-my-mental-health-here-are-the-evidence-and-the-risks-271196

Evening Report: https://eveningreport.nz/2026/04/01/will-medicinal-cannabis-help-my-mental-health-here-are-the-evidence-and-the-risks-271196/

Cutting fuel excise is a sugar hit – we need a plan to slash dependence on imports

Source: The Conversation (Au and NZ) – By Hussein Dia, Professor of Transport Technology and Sustainability, Swinburne University of Technology

As fuel prices spike, many Australians are understandably anxious. Photos of empty bowsers, long queues, and high prices create the impression of a system under strain.

What we are seeing isn’t a collapse of Australia’s fuel supply chain. Shipments are still arriving and most deliveries continue as planned. While some cargoes have been disrupted, governments and industry have actively secured alternative supplies. What this crisis shows is the lack of a clear, long-term strategy to reduce dependence on fuel shipped from conflict zones thousands of kilometres away.

Because Australia is so reliant on trucks running on imported fuel, rising diesel costs are now flowing through the economy and pushing up the cost of freight, food and everyday goods.

The federal government has moved to underwrite fuel imports, relax fuel standards and tap reserves. The government has also flagged the possible need to ration fuel if supplies keep shrinking in its new fuel security plan.

These are sensible responses to a disruption more complex and potentially longer-lasting than first thought. But they are not a long-term plan to end reliance on importing fuel in a very uncertain world.

[embedded content]
Victoria makes public transport free as fuel prices climb.

No unifying strategy

Australia’s plans for the future of transport include a national electric vehicle strategy and the New Vehicle Efficiency Standard.

These steps are necessary. The problem is, they tend to exist in silos. There’s no clear roadmap aimed at a practical outcome: reducing dependence on imported fuels and strengthening our long-term energy security as part of the transition to net zero.

Electrification at scale

Every kilometre travelled using electricity is one that didn’t depend on a tanker arriving from overseas. Unlike oil, renewable energy is not exposed to global supply disruptions in the same way.

Electric vehicles aren’t just a question of consumer choice. Electrifying transport is a full system transition.

Waiting for households to gradually switch to electric cars will be slow. Working to electrify high-impact segments such as urban freight, commercial fleets, buses and government vehicles will be much faster. Over time, this should reduce the hundreds of tanker shipments needed to keep the country moving each year.

Fastest response? Reduce demand

The quickest way to cut fuel dependence is to reduce how often we drive.

Around the world, governments and businesses are already encouraging reduced travel, flexible work and more efficient use of transport.

These temporary measures should become a core part of long-term strategy, as they can deliver immediate and lasting reductions in fuel use at very low cost.

Public transport as resilience

Every trip taken by train, tram or bus reduces demand for imported fuel. The same applies to walking, cycling and micromobility options, such as electric bikes or scooters.

Victoria and Tasmania have moved to make public transport free – and reduce demand for fuel.

If Australia had an integrated transport system in which public transport, cycling and other alternatives get a boost, it would give people viable alternatives when driving becomes more expensive or difficult.

Rethinking fuel reserves

The International Energy Agency requires member countries to hold 90 days of fuel reserves. Australia has long struggled to meet that benchmark.

Decades of economic stability left Australia underprepared for fuel security challenges. Australia has long relied on continuous global supply of fuel, stocks held by the private sector and relatively lean inventories. While efficient under normal conditions, this system has little buffer when supply becomes uncertain.

To boost fuel security, authorities should expand onshore storage, diversify import pathways, and strengthen distribution networks so fuel can reach crucial regional sectors and communities when supply is disrupted.

Policy coherence matters

Even as Australia’s power grid runs more and more on renewables, policymakers continue to approve more and more investment in fossil fuels.

With one foot in each camp, it’s hard to have a coordinated strategy to shift rapidly to forms of transport that don’t rely on long fuel supply chains.

Policy discussions around reducing incentives for EVs and introducing distance-based road user charges for EV drivers risk sending mixed signals to consumers and industry.

A credible transition to a new technology requires a clear sequence: first, give incentives and support, and move to pricing reform only once the adoption trend is established.

Avoiding ‘quick fixes’

In every energy crisis, bad ideas come back from the dead.

The move to temporarily halve the fuel excise is one such idea.

The move will lower petrol and diesel prices by around 26 cents per litre. While this provides short-term relief, it also weakens the price signal. Making fuel cheaper will simply encourage people to use more of it – a bad idea in a supply crunch.

Economists are warning the move could push fuel consumption higher and prolong inflationary pressures.

[embedded content]
The temporary fuel excise cut will provide short-term relief but does little to shield households from ongoing volatility in global oil markets.

Other countries are already reducing fuel dependence

China has linked industrial policy, renewable energy and EV deployment into a coordinated transition, demonstrating how scale and coordination can reduce reliance on imported fuels.

Singapore has taken a whole-of-system approach, linking energy, transport, land use and infrastructure into a coordinated transition to reduce emissions, manage demand and limit reliance on fossil fuels.

Japan maintains large fuel reserves well beyond minimum requirements, equivalent to 254 days of domestic consumption.

None of these models is perfect. But they show reducing fuel dependence is a matter of economic resilience and national security, not just environmental policy.

A moment to reset

The modern world has long been built on oil. This crisis shows how fragile that system is.

Despite widespread fears, Australia isn’t running out of fuel. But even this tightening of supply shows how quickly global disruptions can affect us. Short-term interventions won’t be enough, while sugar hits such as cutting fuel excise will have the opposite effect.

Policymakers should use the crisis to build a transport system less exposed to less reliable supply chains, built on locally produced electricity and aligned with a low-carbon future.

ref. Cutting fuel excise is a sugar hit – we need a plan to slash dependence on imports – https://theconversation.com/cutting-fuel-excise-is-a-sugar-hit-we-need-a-plan-to-slash-dependence-on-imports-279556

Evening Report: https://eveningreport.nz/2026/04/01/cutting-fuel-excise-is-a-sugar-hit-we-need-a-plan-to-slash-dependence-on-imports-279556/

From spaghetti harvests to fake news: why the glory days of April Fools gags are over

Source: The Conversation (Au and NZ) – By Phoebe Hart, Associate Professor, Film Screen & Animation, Queensland University of Technology

April Fools’ Day is a funny one. Developed over centuries, it’s a tradition that gives people the permission to prank. Some leg-pulls are delightful – while others can cause distress and damage, especially if they’re rolled out on a large scale.

There’s a fine line between jokes that charm and those that harm. This overstep, especially in regard to the media and politics, warrants close attention.

A cheeky pasta prank

Historians conjecture the mischief most likely began in earnest in the 1500s in France, when the Julian calendar – which started the year on April 1 – was replaced by the Gregorian calendar we use today.

But not everyone got the memo; those who continued to celebrate the new year on April 1 were branded “April fools”, and were often sent on fools’ errands. Some examples, according to folklorist Nancy Cassell McEntire, include being sent for:

a left-handed screwdriver or wrench, a board-stretcher, a stick with one end, a bucket of striped paint, a bucket of steam, pigeon milk, a jar of elbow grease […] or a fallopian tube.

There was often a subversive edge to the hoaxes, which grew in scale over time.

Fast forward to the 20th century and the advent of broadcast media. Industry and governments began to hold advertisers, television and journalists accountable for dishonesty and deception.

Even so, respectable media organisations joined in on the condoned capers offered by April Fools’ Day. The BBC was famous for its ornate hoaxes, which borrowed the conventions of conventional reportage to pull the wool over viewers’ eyes.

One classic example was the “spaghetti harvest” segment broadcast on the channel’s current affairs show, Panorama, in 1957. The three-minute bit claimed to show Swiss farmers plucking pasta directly from trees.

It’s thought to be the first April Fools prank ever pulled on TV.

[embedded content]

When the Opera House was sinking

In Australia, institutions such as the Australian Broadcasting Commission (now Corporation) also began a lighthearted tradition of fooling the public on the first day of April.

The ABC’s flagship current affairs program, This Day Tonight (1967–78), reported on serious issues every other night of the year (although it also ran satirical content).

But in 1970, the April 1 program included a fishy report on a new invention called the “Dial-O-Fish” – a device guaranteed to aid even the most inept angler.

A few April Fools’ later came the bogus story on how the iconic Sydney Opera House, which opened in 1973, was sinking into the harbour. There were shots of divers inspecting the foundations underwater; it was convincing.

Then, in 1975, the program announced Australia would soon be converting to “metric time” following on from the introduction of metric currency in 1966. According to an ABC report, “under the new system there would be 100 seconds to the minute, 100 minutes to the hour, and 20-hour days”.

The segment featured shots of Adelaide Town Hall with a new ten-hour clockface. South Australian Deputy Premier Des Corcoran took part in the prank by heartily supporting the change on camera.

Audiences were divided. Many called the station. Some were amused, while others upset. More than a few were confused.

Importantly, these jokes were psychologically benign – and the reveal came quickly before any real damage was done.

Routine April Fools’ Day ruses still occur on television breakfast shows, commercial radio and in advertising – but news broadcasters walk a trickier tightrope.

No longer laughing along

The key difference before and after the digital revolution is how production, platforms and audiences have transformed.

Broadcast news audiences used to be large and trusting. Millions gathered in front of television and radio sets every evening and believed most of what they saw and heard.

Now, when everyone and anyone has the means to film and publish a story on their mobile phone, audiences are fractured and suspicious. News is suffering a crisis of confidence in an era of misinformation, and many in the industry are loath to do anything that might instil more distrust among the public.

Moreover, attention is a scarce commodity on social media, where information is delivered with less context. Short video clips, deep fakes and fake news jostle for space – and all too often, April Fools’ jests backfire.

Last year, Australian-born British ITV presenter Georgina Burnett made a social media post pretending to be pregnant as an April Fools’ prank. Instead of generating excitement, she ended up offending a lot of people – including people struggling to start a family.

On the same day, Queensland politician Ryan Murphy’s misjudged post claimed Brisbane City Council had annexed the neighbouring shire of Redlands.

The language was official – alluding to Donald Trump’s proposed annexation of Greenland. And the reaction to the post was harsh and swift; the good folks of Redlands didn’t like the idea of paying higher rates, nor being governed by another wealthier city.

Pranks in a post-truth world

Jests about personal sovereignty and safety never seem to land well, especially when issued from a source of authority. Gone are the days of the Aussie larrikin who could transgress without a care.

In the past, most forgave this (usually white, male) character when others become targets of his hazing.

Today, onlookers are digitally-savvy. They are aware they’re living in a world with entrenched inequality, scammers and bad actors, immoral leaders and elites, and corruptible institutions. No wonder we’re quicker to denounce lies and insensitivity.

ref. From spaghetti harvests to fake news: why the glory days of April Fools gags are over – https://theconversation.com/from-spaghetti-harvests-to-fake-news-why-the-glory-days-of-april-fools-gags-are-over-279331

Evening Report: https://eveningreport.nz/2026/04/01/from-spaghetti-harvests-to-fake-news-why-the-glory-days-of-april-fools-gags-are-over-279331/

‘No actual change’: Chris Bishop downplays scaling down of Auckland housing plans

Source: Radio New Zealand

Housing Minister Chris Bishop. RNZ / Marika Khabazi

The housing minister says nothing has fundamentally changed as the government scales back Auckland’s minimum housing target even further.

Auckland Council had been progressing a plan to accommodate up to 2 million homes in the next 30 years. But in February that was reduced to 1.6 million, and on Tuesday that dropped again to 1.4 million homes.

The council opted out of medium-density rules that apply to most major cities on the proviso it set up zoning for 30 years of growth, instead adopting its own process called Plan Change 120. RNZ previously reported this approach was made under pressure from proponents of heritage homes, who raised concerns about further intensification in character areas that were already seeing major development.

Chris Bishop told Morning Report on Wednesday 1.4m was the new legal minimum, but with upzoning around the City Rail Link (CRL) stations and other areas, officials were expecting to settle closer to 1.6m.

“We’re just making sure we can get some certainty into the Parliament and into the community. And I think hopefully – he says, crossing his fingers behind his back – that this will settle the issue once and for all… Nothing’s actually fundamentally changed. It’s still the same process. And actually, what Auckland Council’s doing right now, they can just charge on with because there’s no actual change to any of that.”

In response to a suggestion it was a “bit confusing”, Bishop responded: “Yeah, well, tell me about it.”

“On the margins, the 1.4m will allow the council a bit more flexibility, but I’m told that with all of the legal requirements around the national policy statement, urban development, rapid transit stations, for example, and the CRL, that the practical effect will be the council ends up at about 1.6m, which is a big improvement on the status quo and will make a significant difference to housing and development opportunities in Auckland, which is ultimately what I’m trying to achieve here.”

He said much of the debate around PC120 last year was “not exactly that helpful”, and the original target of 2m homes “became a bit of a lightning rod”.

“Everyone wants Auckland to grow, but we want to make sure it grows in the right places. We want to make sure that there’s a social license and community consensus around density. There’s no point having endless debates without making a lot of progress. And so that’s what I’ve been focused on, actually making progress.”

As for which suburbs might see less or more development under the latest plan, Bishop said that was up to Auckland Council.

“Having made this decision, we are now kicking the issue into Auckland Council’s hands and saying, ‘It’s now over to you. You wanted more flexibility over the medium density standards, we’ve given you that. You wanted to take the number down, we’ve given you that. It is now over to you and Auckland communities and constituents and councillors to work out exactly where density in Auckland happens.’ So it’s now over to the council…

“And 1.6m is a big advance on the current Auckland plan, the Auckland Unitary Plan, which is about 1.2m. So we are making progress in Auckland.”

Mayor Wayne Brown. RNZ/Marika Khabazi

Mayor Wayne Brown said in a statement on Tuesday the change would give Auckland more flexibility to grow into the city it wants to be, “a global city, not embarrassingly the world’s biggest suburb”.

“This has been going on for years, over successive governments. If we waited for everyone to agree, we’d never get anywhere. It’s time to stop the talk, for Wellington to get out of the way, and let Auckland get on with building Auckland.”

He also noted it would give greater ability to downzone for natural hazards and retain intensification where it makes the most sense, such as along major transport routes and the CRL.

National’s coalition partner ACT wanted fewer homes built if they were not going to be greenfields developments.

“The council has said they don’t want to do that. I think that’s really disappointing. They’ve said that they want most development to be within 10km of Queen Street,” leader David Seymour said.

“That’s their right and their choice as a council, but it’s also caused a change in the target number that the government has set.”

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

LiveNews: https://nz.mil-osi.com/2026/04/01/no-actual-change-chris-bishop-downplays-scaling-down-of-auckland-housing-plans/

‘Needed more than ever’: Living wage rises to $29.90 per hour

Source: Radio New Zealand

The living wage was set by Living Wage Aotearoa NZ. (File photo) RNZ / Rebekah Parsons-King

The living wage will rise to $29.90 per hour from 1 April, a 95c increase from the previous $28.95.

The living wage is independently calculated by the Family Centre Social Policy Unit and released by Living Wage Aotearoa NZ, a coalition of unions, faith, and community groups.

The organisation argued higher fuel costs were putting extra pressure on low-paid workers, many of whom were shift workers with no choice but to drive to work.

Muriel Tunoho, the coalition chairperson, said: “Right now, in a cost-of-living crisis that seems to be getting worse every day, the Living Wage is needed more than ever.

Muriel Tunoho. (File photo) RNZ

“Low-paid workers are struggling to keep their heads above water and to cover the absolute basics like rent, power, and kai.”

More than 340 employers were accredited Living Wage Employers.

There was no legal requirement for employers to pay more than minimum wage, which is $6 below living wage.

The living wage increase was double that of minimum wage, which also rises to $23.95 on Wednesday – an increase which did not keep up with inflation.

Living Wage lead organiser Finn Cordwell said the living wage would help struggling families live a life of dignity which was not possible currently on the minimum wage.

“We would like the government to reflect on how out of step the minimum wage has become for low-paid workers and whether anyone around that Cabinet table could actually live on $23.95 an hour.”

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

LiveNews: https://nz.mil-osi.com/2026/04/01/needed-more-than-ever-living-wage-rises-to-29-90-per-hour/

What’s going wrong for New Zealand small businesses?

Source: Radio New Zealand

123RF

New Zealand small businesses have ranked last out of 11 Asia-Pacific countries in terms of their growth, for the second year in a row.

CPA Australia has released the results of its 18th small business survey. It found only 38 percent of New Zealand small businesses reported growth in 2025, up from 36 percent last year.

The average across other countries was 62 percent.

Rick Jones, CPA Australia’s regional head, said it highlighted persistent challenges.

“While small businesses across most of the Asia-Pacific are growing, New Zealand remains at the bottom of the table. In Vietnam, 84.5 percent of small businesses grew last year. In Singapore, the figure was 43.5 percent. In New Zealand, it was 38 percent. The https://www.rnz.co.nz/news/on-the-inside/583808/nz-s-low-productivity-is-often-blamed-on-businesses-staying-small-that-could-be-a-strength-in-2026 gap is significant and it’s not closing].”

Only 5 percent of businesses had plans for a new product or service this year, compared to 29 percent across the survey.

Only 7 percent were planning to hire this year, compared to 36 percent across the region.

New Zealand small business owners also tended to be older. Businesses whose owners were under 40 were much more likely to be reporting growth.

“Of the over 300 New Zealand small businesses that were surveyed, 68 percent of those were aged over 50.

“What we’re seeing from the survey is that those respondents aged under 40, for example, are more likely to adopt new technologies. And it’s certainly not an age thing in isolation, but we want to encourage younger New Zealanders to start a business or potentially acquire an existing one.

“But we also need a comprehensive small business strategy, to lift the overall performance… we need a comprehensive strategy to support business owners of all ages, particularly around the digital support programmes.”

But 79 percent of small business owners said they were satisfied with running their business.

“The data tells a clear story. New Zealand’s small businesses are falling behind their Asia-Pacific peers, and the gap is widening on the measures that matter – growth, innovation, technology adoption and job creation.

Businesses have been under pressure and the recent fuel price increases were another hurdle. Nick Monro

“Growth doesn’t have to mean rapid expansion. For many small businesses, it’s about having the tools and support to take the next step – whether that’s hiring another employee, moving sales online, or investing in a system that saves them time.

“Lifting small business technology adoption should be a central priority. Our data consistently shows that businesses which invest effectively in technology grow faster, hire more people and are more likely to innovate. Countries like Singapore have demonstrated what targeted digital support programmes can achieve – there are proven approaches in our region that could work here.”

Jones said businesses had been under pressure and the latest fuel price increases were another hurdle.

“It is tough and increasing costs is a challenge and that was noted even in last year’s results. And then you add that to the current fuel crisis, which is only escalating that problem.”

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

LiveNews: https://nz.mil-osi.com/2026/04/01/whats-going-wrong-for-new-zealand-small-businesses/

Nuts about food science: Torere Macadamias partners with Riddet Institute

Source: Radio New Zealand

Riddet Institute acting director Paul Moughan and Torere Macadamias general manager Vanessa Hayes discuss macadamias at the Riddet Institute Agrifood Summit in Wellington in February. Supplied / Riddet Institute

A partnership between Torere Macadamias Ltd and the Riddet Institute is aiming to grow the presence of Māori in agribusiness.

Torere Macadamias Ltd is an organic macadamia nursery, orchard and nut company based in the small settlement of Torere in eastern Bay of Plenty.

General manager Vanessa Hayes said the partnership began with a PhD research project by Faruk Ahmed, supervised by Riddet Institute scientist Ali Rashidinejad, to investigate macadamia husks, shells and leaves for bioactive compounds that could be used in functional food products or pharmaceutical supplements.

Hayes said her interest in the husks was sparked by an observation of some of the local animals.

“The cows on our neighbouring property kept pushing the fence over to eat the husks of our macadamia nuts when they were harvested and in bins. So I knew that they were highly attractive to the cows who just couldn’t stop eating them.”

The results of the research project to date had demonstrated that macadamia husks contain major phenolic compounds (a potent source of antioxidants) with considerable potential for future applications.

Hayes said the results had been so significant that Riddet were keen to continue the partnership for another five years.

There had also been interest in research on using macadamia shells for smoking food, in the same way that manuka wood chips would be used, but Hayes said macadamia shells had a “light smoke flavour” that did not overpower the food.

“There’s so many exciting things that we can use from our macadamia. So that’s the husks, the shells, the oil and the kernels. We haven’t got to the leaves yet.”

Macadamia honey muesli produced by Torere Macadamias Ltd. The company has formed a strategic partnership with the Riddet Institute to further advance innovations. Supplied/Hannah Jairam photography

Hayes said getting more Māori involvement in agribusiness had been another goal of hers for years.

“I wasn’t any different then just leasing out my block for maize to pay the rates. And that doesn’t give you any empowerment to use your own block for probably better food production that, you know, Māori are all good at growing food, or used to be. So taking back ownership of our land and utilising areas and just gradually building from there is what I’ve been trying to encourage our Māori landowners to do.”

The overall strategic plan was to involve Māori groups of growers under collectives. At this stage, they already had one set up, based at Waihau Bay and Raukokore, she said.

Through the partnership with Riddet she hoped to establish career pipelines for rangatahi Māori into agribusiness.

“So that’s the first step, is to basically train and get our Māori participants to learn about growing macadamias, get them qualified, make them feel confident in what they’re doing. We also, through the Riddet Institute, have a relationship with the Pūhoro STEMM Academy and they do more than just the agribusiness.”

The Riddet Institute is an internationally recognised Centre of Research Excellence in food science and related disciplines, hosted by Massey University in Palmerston North.

The Institute’s acting director, Distinguished Professor Paul Moughan, said the Riddet Institute was delighted to collaborate with Torere Macadamias Ltd to explore new frontiers in high-value food and ingredient development.

The partnership would promote local expertise and indigenous know-how, together with cutting-edge science, he said.

“This strategic partnership is a powerful example of how indigenous enterprise and advanced food science can work together to generate real economic and social impact.

“Macadamias present exciting opportunities for future foods and bioactive ingredients, and we are extremely proud to support the aspirations of Torere Macadamias Ltd and Māori capability building through research projects that connect young rangatahi to meaningful careers in food science.”

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

LiveNews: https://nz.mil-osi.com/2026/04/01/nuts-about-food-science-torere-macadamias-partners-with-riddet-institute/

New Zealand relies increasingly on migrants to pay our tax: Is that a problem?

Source: Radio New Zealand

A paper written by a Treasury principal adviser has found that people born elsewhere are becoming increasingly important for the country’s tax base. RNZ

People who were born overseas and migrated to New Zealand are paying an increasing share of the country’s tax, a new paper shows.

The paper, published by Treasury to support its long-term fiscal statement, but not necessarily reflecting the view of Treasury overall, was written by principal adviser Tim Hughes.

It finds that, in aggregate, people born elsewhere are becoming increasingly important for the country’s tax base.

“Foreign-born people made up 24 percent of the population in 2000, also paying 24 percent of individual tax on market income,” Hughes noted.

“Since then, the foreign-born’s share of the population has grown, and their share of tax paid has grown even faster. In the tax year ending March 2024, the foreign-born made up 32 percent of the population, and paid 38 percent of the tax.”

He said that was partly due to the fact that they tended to be younger than the population born in New Zealand.

“However, age composition alone does not explain all the difference, and there is also substantial variation in the amount of tax paid by different migrants.”

He said it showed the growing importance of migration policy settings for the country’s fiscal sustainability.

Treasury has been warning about the increasing pressure that an ageing population will put on the tax system, through higher health and pension costs.

Murat Ungor, a senior lecturer in the Otago University department of economics, said the paper followed on from Hughes’ earlier work that showed up to 30 percent of people born in New Zealand were living overseas by the time they were 30.

He said it had been identified that New Zealand had a productivity problem, and relying on migration to help fill tax gaps created vulnerabilities.

“Treasury research highlights a key tension. New Zealand invests heavily in human capital, yet a significant share of that investment leaves the country through emigration.

“Previous Treasury research shows that New Zealand loses approximately $4 billion in public investment in human capital each year through emigration, with 25 percent to 30 percent of each birth cohort living overseas by age 30. That is a substantial drain on the taxpayer investment that raised those New Zealanders.”

He said the issue was not immigration itself but structural reliance on it.

“When fiscal sustainability depends on a steady inflow of skilled migrants, the country becomes exposed to global competition for talent, policy volatility, and domestic pressures on housing and infrastructure.”

Migration would remain part of the solution, particularly in addressing short-term labour shortages, he said.

“However, relying on population growth as the default economic lever is inherently risky. So, is it a problem that New Zealand increasingly depends on inward migration to support its tax base?

“Yes, not because migration is undesirable, but because over-reliance on any single lever creates vulnerability.

“The larger challenge is to build a more productive and resilient economy. That means prioritising long-term productivity growth, with automation and innovation at its core.”

Another option would be to pursue productivity advances through automation, he said.

“If New Zealand accelerates the adoption of artificial intelligence, robotics, and process automation across sectors such as agriculture, logistics, finance, and public services, it can increase output per capita without needing rapid population expansion. A sustained lift in productivity would materially strengthen the country’s fiscal position. Automation is one pathway to achieving this.”

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

LiveNews: https://nz.mil-osi.com/2026/04/01/new-zealand-relies-increasingly-on-migrants-to-pay-our-tax-is-that-a-problem/

Lane blocked: Upper Harbour Highway, Greenhithe

Source: New Zealand Police

An eastbound lane of the Upper Harbour Highway near Greenhithe is blocked following a crash this morning.

Police were notified at around 6.10am of a two-vehicle crash near the Tauhinu Road off-ramp.

There are no reports of injury.

Motorists are advised to expect delays.

ENDS

Frankie Le Roy/NZ Police

LiveNews: https://nz.mil-osi.com/2026/04/01/lane-blocked-upper-harbour-highway-greenhithe/

PM Edition: Top 10 Business Articles on LiveNews.co.nz for April 1, 2026 – Full Text

PM Edition: Here are the top 10 business articles on LiveNews.co.nz for April 1, 2026 – Full Text

Linklogis Releases 2025 Annual Results: Total Volume of Processed Supply Chain Assets Exceeds RMB500 Billion, Unveiling the “SC+ Platform”

April 1, 2026

Source: Media Outreach

SHENZHEN, CHINA – Media OutReach Newswire – 31 March 2026 – On March 31, 2026, Linklogis Inc. (09959.HK, “Linklogis”) released its 2025 annual results. During the year, the total revenue and income amounted to RMB983 million. Revenue and income in the second half of the year increased significantly by 62% compared with the first half of the year, reaching RMB608 million. In 2025, the total volume of supply chain assets processed by its technology solutions reached RMB508.1 billion, representing a 27% year-on-year increase, while the number of anchor enterprises served increased to 3,145. As of the end of 2025, Linklogis had cumulatively served more than 430,000 SMEs with efficient and convenient digital inclusive fintech services. The company maintained a solid financial position, with cash reserves reaching RMB4.9 billion, while liquidity remained ample.

In addition, Linklogis has always placed shareholder interests at the core of its corporate governance, rewarding investors’ trust through sustained and tangible actions. In August 2025, the Board approved a new share repurchase program of no less than US$80 million to be implemented over a one-year period. Under this repurchase program, the company has cumulatively repurchased shares totaling HK$365 million (approximately US$47 million), demonstrating its confidence in its long-term value through concrete actions.

Focusing on Core Business, Accelerating Business Structure Optimization

In 2025, Linklogis remained focused on its core business and accelerated the optimization of its business structure. The total volume of supply chain assets processed by its technology solutions reached RMB508.1 billion, up 27% year-on-year. With a market share of 22%, the company ranked first in the industry for the sixth consecutive year. The number of anchor enterprises served increased to 3,145, including 54 of China’s Top 100 enterprises and 151 of China’s Top 500 enterprises, while the number of financial institution partners reached 428, further improving the efficiency of industry-finance collaboration.

Linklogis’ supply chain finance technology solutions include Anchor Cloud, which consists of Multi-tier Transfer Cloud, AMS Cloud and Treasury Cloud, as well as FI Cloud, which consists of ABS Cloud and eChain Cloud. In 2025, the total volume of supply chain assets processed by Anchor Cloud reached RMB369.6 billion, representing a year-on-year increase of 31%. The total volume of supply chain assets processed by Multi-tier Transfer Cloud reached RMB304.2 billion, surging 47% year-on-year, with its contribution to the group’s total asset volume rising from 52% in 2024 to 60% in 2025. The total volume of supply chain assets processed by AMS Cloud, however, was RMB65.4 billion, down 13% year-on-year due to the continued decline in issuance volume in the supply chain asset securitization market.

The total volume of supply chain assets processed by FI Cloud reached RMB128.9 billion, up 20% year-on-year. Both ABS Cloud and eChain Cloud recorded solid double-digit growth in transaction volume, contributing to a 25% year-on-year increase in FI Cloud revenue. In the ABS Cloud segment, the total volume of supply chain assets processed reached RMB69.1 billion, rising 28% year-on-year. In the eChain Cloud segment, the total volume of supply chain assets processed reached RMB59.7 billion, increasing 13% year-on-year.

Linklogis focused on six key industries, including infrastructure and construction, new energy and advanced manufacturing, and worked with its subsidiary Bytter Technology to deepen targeted cross-selling, achieving breakthroughs in high-quality customer acquisition. Leveraging its one-stop comprehensive industrial-finance solutions and innovative scenario-based applications, Linklogis worked with a number of central and state-owned enterprises and leading private enterprises, including Shougang Group, China Coal Mine Construction Group Corporation and JA Solar Technology, to launch integrated industrial-finance platform projects. At the same time, it provided targeted support to 17 high-quality enterprises, including Shanghai Construction Group, Yunnan Construction and Investment Holding Group and Luzhou Laojiao, covering scenarios such as order financing, bill collateral, and supply chain bill transfer, supporting coordinated growth in both scale and value creation.

Building the “Second Growth Curve”, Unlocking Global Trade Finance Potential

2025 marked a pivotal year for Linklogis’ international business as the company embarked on a new chapter and accelerated the development of its “second growth curve.” During the year, Linklogis officially launched a comprehensive rebranding of its international business, introducing “Unloq” as its new identity for the global market, reflecting its vision of unlocking the potential and efficiency of global trade finance. Guided by a core strategy centered on cross-border trade corridors, scenario-based finance and technology-driven risk management, Unloq is committed to building a globally connected digital supply chain finance platform with strong local execution capabilities.

In line with its core strategy, the company has leveraged its cloud-native technology to launch the innovative “SC+ Platform”, designed to connect global real-world trade with digital finance. The “SC+” signifies its core function of connecting smart contracts with compliant digital payment instruments, forming a technology-enabled solution for global trade finance. The platform is dedicated to building the next-generation digital infrastructure for global trade finance and addressing systemic challenges in cross-border trade, including credit verification, fund turnover, and clearing and settlement efficiency. Through the platform, funders can utilize various compliant payment methods to purchase trade receivables.

To date, Unloq has completed the deployment of the core architecture of the SC+ Platform. Working with multiple commercial partners, Unloq has advanced the rollout of innovative applications leveraging compliant digital payment methods. In 2025, Linklogis successfully secured the bid for a Web3.0-based supply chain finance platform project for a leading central state-owned enterprise, marking a new milestone in its technological capabilities and industry recognition in the field of digital trade infrastructure.

In its international business, Unloq accelerated the expansion of cross-border trade services. In addition to traditional B2B goods trade, cross-border e-commerce and online travel agencies, it also expanded into cross-border logistics, bringing the total number of platform customers to 1,550, representing a net year-on-year increase of 451. With the deeper penetration of the SC+ Platform in cross-border trade finance, the continued expansion of its global localized service network, and the accelerated integration of solutions supporting Chinese enterprises’ overseas expansion, Linklogis’ cross-border and international business is expected to enter a phase of exponential growth in both asset volume and revenue in 2026, embarking on a new chapter of high-quality and sustainable development.

Advancing the “AI-powered Industrial Finance” Strategy: From Internal Empowerment to Industry Value Co-Creation

Linklogis remains committed to its “AI-powered Industrial Finance” strategy and continues to promote the deep integration of AI with supply chain finance across the entire value chain. Built on years of technological expertise and scenario-based refinement, its AI capabilities have evolved from internal productivity tools into a sophisticated intelligence engine that empowers the entire industrial ecosystem. By deeply integrating leading domestic large language models with its proprietary supply chain finance scenario knowledge graph and multimodal business elements, the company has systematically advanced the ongoing iteration and capability enhancement of its self-developed vertical model, LDP-GPT. Building on this foundation, Linklogis has developed the “BeeLink AI Agent” product matrix, covering more than ten core scenarios including intelligent trade document checking, intelligent PBOC registration, intelligent KYC, and intelligent risk management.

In 2025, BeeLink AI Agent continued to deliver breakthroughs in market penetration and commercialization. The number of customers served rose to 42, including domestic and overseas financial institutions and industry leaders such as Standard Chartered Bank, Bank of Hangzhou, and China Electrical Equipment Finance. Processing efficiency improved by 20 times, while accuracy in key processes reached 99%. As AI continues to evolve toward an agent-based paradigm, Linklogis will take “AI Agent+” as a strategic lever to comprehensively upgrade BeeLink AI Agent from functional tools to intelligent collaboration. It will prioritize breakthroughs in advanced capabilities such as cross-system task coordination, natural-language interactive decision-making, and adaptive workflow optimization, enabling customers to move from point intelligence to enterprise-wide intelligence, and from business insights to intelligent decision-making, thereby delivering end-to-end value across the entire value chain.

Linklogis actively responded to China’s “dual carbon” strategy and high-quality development agenda by embedding ESG principles into product innovation and the entire service lifecycle, leveraging technology to advance green finance, inclusive finance, and sustainable development. In 2025, the volume of sustainable supply chain assets served by the company exceeded RMB66.8 billion, representing a year-on-year increase of 80%, with its share of total serviced assets rising from 9% in 2024 to 13% in 2025. During the year, SMEs that obtained financing through Linklogis Supply Chain Multi-tier AR Transfer Platform benefited from an average financing cost of only 2.85%. The company continued to deepen its presence in four key sectors—renewable energy, rural revitalization, environmental protection, and public health—while further expanding into sustainable sectors such as the new energy vehicle supply chain, green buildings, and the circular economy. Through these initiatives, it directed financial resources more precisely to key segments that generate both green and low-carbon benefits and strong social impact, gradually building a broader and more influential sustainable development ecosystem that integrates industry and finance.

Expanding Full-scenario Deployment, Enhancing the Smart Industrial Finance Treasury Product Matrix

Through the acquisition of Bytter Technology, Linklogis made a strategic entry into the corporate treasury management sector. By synergizing management teams and business operations, the company successfully established the Treasury Cloud product line, providing diverse customers with end-to-end treasury management services covering settlement operations, cash planning, financing management, risk monitoring, and intelligent decision-making. As a key component of Linklogis’ “Smart Industrial Finance Treasury” strategy, Treasury Cloud is anchored by a dual-engine approach powered by AI and data, and has established a comprehensive product matrix, including the F1 treasury management system and T6 cash management system for anchor enterprises, the bank treasury system for financial institutions, and the Yingzilian SaaS platform for SMEs.

Since September 11, 2025, Bytter Technology has been consolidated into the group’s financial statements. The integration of the Treasury Cloud business has been fully completed. Linklogis will continue to deepen resources integration and business collaboration between Treasury Cloud and the group’s other supply chain finance technology businesses in areas such as product R&D, channel expansion and customer service. The company will accelerate the development of an integrated, intelligent and scalable Smart Industrial Finance Treasury platform, providing customers with one-stop digital solutions covering treasury management and industrial-finance collaboration.

Charles Song, founder, Chairman and CEO of Linklogis, said: “The year 2026 marks the tenth anniversary of Linklogis. As we stand at the threshold of a new decade, we will remain firmly committed to a core strategy of being technology-driven and globally connected, while steadfastly advancing our dual-engine approach of deepening domestic industrial finance and expanding global digital trade. We will seize opportunities amid transformation and strengthen our competitive advantages through innovation. In the domestic market, we will continue to advance the “AI-powered Industrial Finance” strategy. Anchored by the comprehensive upgrade of BeeLink AI Agent, we will accelerate AI’s evolution from scenario-based enablement to ecosystem-level collaboration. At the same time, leveraging our full-stack capabilities in Smart Industrial Finance Treasury solutions, we will continue to refine our integrated one-stop solutions, consolidate our market leadership, and ensure the steady growth of our core business. In international markets, we will accelerate the expansion of global cross-border digital trade networks through Unloq and roll out the SC+ Platform along key global trade corridors. We aim to become a key builder and connector in the ongoing digital and intelligent transformation of global trade finance. The future is already unfolding. Only the adaptable can prevail, and only the persistent can go the distance. With technology as our oar and industry as our vessel, Linklogis will continue to join forces with our partners, embarking together on the magnificent journey toward a digital and intelligent future for global industrial finance.”

Hashtag: #Linklogis

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

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PHANCY Announces 2025 Annual Results Revenue Exceeds RMB 7 Billion as Company Turns Profitable

March 31, 2026

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 31 March 2026 – Phancy Group Co., Ltd. (“Phancy” or the “Company”, Stock Code: 6682.HK), a leading Artificial General Intelligence (AGI) company, today announced its annual results for the year ended December 31, 2025 (the “Reporting Period”).

In 2025, Phancy reported total revenue of RMB7.135 billion, representing a strong year-on-year increase of 35.6%. Adjusted net profit attributable to the parent company reached RMB17.84 million, a milestone reflecting significant advance in operational efficiency, business model strength, and resilience. During the reporting period, the three core business segments — AI Platform, API, and Agentic AI — delivered synergistic growth, with revenues of RMB6.552 billion, RMB79.9 million, and RMB503 million respectively, representing year-on-year increases of 32.0%, 129.2%, and 93.2%. The company has a total of over 1,000 contracted clients with deep penetration across more than 20 high-value industries, including energy, manufacturing, finance, retail, and telecommunications. Order on hand amounted to over RMB8.9 billion, surpassing the Company’s total revenue in 2025.

Dr. Dai Wenyuan, Founder, Chairman of the Board, and Chief Executive Officer of Phancy Group Co., Ltd. said, “2025 was a landmark year for Phancy. We completed a comprehensive strategic upgrade from ‘Fourth Paradigm’ to ‘Phancy Group’, signifying our transformation from an enterprise AI platform to a full-stack AI ecosystem and officially entering the AI 2.0 era. This performance breakthrough validates the development philosophy and strategic vision we have long pursued, demonstrating our forward-looking industry insight and long-term value creation capabilities. As we embrace the next wave of AI, we will continue to focus on ‘AI Agent + World Model’ as our core technology path, strengthen computing power and foundational capabilities, drive deeper value realization of AI, and work with ecosystem partners to build a sustainable intelligent future.”

Performance Highlights:

  • Total revenue reached RMB7.135 billion, up 35.6% year-on-year; adjusted net profit amounted to RMB17.84 million, marking the first full-year profitability.
  • According to IDC, Phancy ranked first in China’s machine learning platform market for seven consecutive years, with a 34% market share.[i]
  • Orders on hand amounted to over RMB8.9 billion, surpassing the Company’s total revenue in 2025.
  • AI Platform contributed RMB6.552 billion in revenue, up 32.0% year-on-year, accounting for 91.8% of total revenue and serving as the core growth pillar.
  • API business, driven by a token-based model, became the fastest-growing segment with revenue of RMB79.9 million, representing explosive year-on-year growth of 129.2%.
  • Agentic AI business, centered on a “Result-as-a-Service” model, achieved revenue of RMB503 million, up 93.2% year-on-year, demonstrating strong momentum and sustainable scalability.

Business Highlights:

In 2025, Phancy’s three core business segments — AI Platform, API, and Agentic AI — established a multi-engine growth model, creating a cycle of synergy and mutual reinforcement.

AI Platform: Sustained Growth Driver

Driven by strong domestic demand for localization and the national “AI+” initiative, the AI Platform remained the Company’s core growth engine. With its full-stack product portfolio and leading market position, the segment delivered deep integration between computing power and platform services, lowering barriers to AI adoption. Supported by a comprehensive technology framework and a strong customer base, the AI Platform effectively boosted performance and contributed to the Company’s profitability breakthrough.

The Company continued to drive technological iteration, with a strategic focus on three core offerings: PhanthyCloud, HAMi vGPU, and ModelHub XC.

  1. PhanthyCloud – the backbone of the full-stack AI PaaS cloud service, integrating diverse AI capabilities to provide efficient, cloud-based services. Seamlessly connected to ModelHub XC and HAMi vGPU, PhanthyCloud delivers model adaptation and computing power scheduling, while maintaining broad compatibility with mainstream domestic chips to support digital transformation.
  2. HAMi vGPU – a core GPU resource management product that allows GPUs to be flexibly shared and scheduled. Customers can tailor GPU configurations to their business needs, significantly improving utilization rates.
  3. ModelHub XC – China’s largest ITAI (information technology application innovation) model community, designed to promote deep adaptation between domestic chips and AI models. The number of adapted and certified models has now surpassed 30,000. The Company had initially planned to scale the number of adapted models to the hundred-thousand level within a year, a milestone it has already achieved ahead of schedule.

API Business: Fastest Growth Engine

With the rapid adoption of AI Agents, token consumption has grown exponentially. Phancy’s API business, built on a flexible pay-as-you-go model and a comprehensive ecosystem, achieved leapfrog growth, and became the Company’s fastest growing segment. Token revenue for the first quarter of 2026 alone has already surpassed the full-year total for 2025.

The API business is anchored by the Phanthy platform, complemented by PhanRouter and PhanClaw, creating a comprehensive token ecosystem in synergy with the Sage Platform:

  1. Phanthy – the core platform of the token-based ecosystem. It integrates cloud services with more than 30,000 adapted models and industry-specific vertical models, delivering accessible API capabilities that reach over 100 million of terminal products and support the large-scale deployment of AI capabilities.
  2. PhanRouter – a unified API gateway for large models. It enables developers and enterprises to seamlessly connect with dozens of mainstream model providers, it is compatible with the OpenAI standard and major domestic chips, and supports both private deployment and token-based payment, reducing customer costs and easing operational complexity.
  3. PhanClaw – an agent platform deeply integrated within PhanthyCloud and serves as an extension of the OpenClaw ecosystem. It is designed to provide users with secure, controllable, and cost-efficient digital assistant services. Working in synergy with Phanthy and PhanRouter, PhanClaw manages the token lifecycle, including risk control, permission management, and log auditing, meeting the stringent security and compliance requirements of industries, such as finance and government affairs.

Agentic AI: Long-Term Sustainable Growth

Agentic AI serves as the Company’s revenue cornerstone and a “value multiplier” for empowering a wide range of industries. Operating under a Result-as-a-service model and aligned with national “AI+” energy development policies, this segment expanded rapidly across high-value industries, achieving economies of scale and strong growth momentum. Working in synergy with the AI Platform and API businesses, Agentic AI provides long-term support for revenue and contributes to the high-quality development of the Company’s operations.

In terms of business expansion, the Company is focusing on core scenarios in spot electricity trading and medium- to long-term electricity trading. It has developed a full-chain AI solution encompassing forecasting, decision-making, risk control, and post-trading review. This solution has already been deployed in multiple pilot provinces and recognized by key customers, effectively improving efficiency and profitability in wind power, photovoltaics, and energy storage. This model is now being rapidly extended to other industries, including manufacturing and finance.

Future Outlook:

Looking ahead to 2026, Phancy will continue to advance its four strategic priorities: deepening its AI 2.0 roadmap, accelerating the deployment of industrial-grade AI Agents, driving international expansion, and further extending into the consumer market.

In terms of the AI 2.0 roadmap, the Company will continue to pursue its core philosophy of “AI for Everyone”, focusing on foundational technology R&D and real-world deployment. By refining its end-to-end technology system, Phancy aims to lower barriers to AI adoption and enable more enterprises and users to benefit from AI. For industrial-grade AI Agents, the Company will accelerate deployment under a Result-as-a-service model, deepening its presence in key sectors such as energy and finance, and developing replicable, scalable industry solutions, to expand business scale and profitability. On international expansion, Phancy will strengthen partnerships with overseas brands and channels, building a robust global operations framework to support worldwide growth. In the consumer market, the Company will focus on core consumer needs by launching high-experience smart terminal products, further expanding its customer base and establishing a dual-driven growth model powered by both technology and market reach.

Hashtag: #PHANCY

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

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ISCA Holds First Annual Ceremony in Shanghai, Honours Members and Announces New Collaboration With SCCCI

March 31, 2026

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 31 March 2026 – The Institute of Singapore Chartered Accountants (ISCA) held its first Annual Ceremony in Shanghai on 29 March, bringing together over 150 members and partners from China and Singapore.

The ceremony marked a significant milestone in ISCA’s internationalisation efforts, recognising long-serving members, honouring accredited institutions and partners, and unveiling a new partnership with the Singapore Chinese Chamber of Commerce & Industry (SCCCI) to enhance business and professional linkages between China and Singapore.

ISCA has continued to expand its presence on the global stage, as it has a steadily growing international community of members, students and partners worldwide, with 12 overseas chapters in nine countries and six overseas offices across four countries.

Within China, ISCA has established its China offices in Shanghai and Nanjing. A partnership with the Nanjing University of Finance and Economics has also been developed, embedding the Singapore Charted Accountant Qualification (SCAQ) into its curriculum to allow Chinese students to graduate with a degree in accounting, while also providing them a fast track to the Chartered Accountant (Singapore) designation. This marks ISCA’s first embedded degree since the SCAQ programme was launched in 2014.

Ms Claire Qian, ISCA Shanghai Chapter Chairperson said: “ISCA’s growing presence in China reflects strong demand for deeper professional and business linkages between China and Singapore. This ceremony highlights our commitment to supporting members in China while strengthening cross-border collaboration and opportunities.”

The ceremony also heralded the announcement of a new collaboration by ISCA and SCCCI in developing a practical executive programme that addresses the challenges that Chinese companies face in expanding into Southeast Asia.

ISCA President Mr Teo Ser Luck shared: “China is a key market in ISCA’s internationalisation strategy, given the size of its enterprises and the growing interest in Southeast Asia as a growth market. Through our Professional Services Centres, we provide businesses with the capabilities, insights and networks they need to expand and invest in China and Southeast Asia. As we marked ISCA’s first anniversary in China, we stay committed to build strong foundations for cooperation and investment between Singapore and Chinese enterprises, supported by trusted professional services partners.”

Mr Huang Fei, Centre Director, Singapore Enterprise Centre (SCCCI Shanghai Representative Office) said: “We are pleased to announce this collaboration with ISCA, and are eager to impart our combined insights into the world of business development within Chinese enterprises. Participants can look forward to resources aimed at providing members with practical and insightful support in approaching regional development opportunities, with additional information to be shared as we navigate new possibilities.”

The ceremony also celebrated over 30 member achievements, recognising various members ranging from new Chartered Accountants, Experienced Professionals, members milestones spanning 10 to 30 years and Fellow Chartered Accountants.

Mr Kelvin Lam, CFO of NTT Data (China), a Chartered Accountant, said: “As an overseas ISCA member, this event has been deeply fulfilling. As it brings together ISCA members within China and Singapore, it has allowed us to share valuable insights with each other, and to develop strong bonds that will only continue to grow. As a Chartered Accountant, I would also like to commend ISCA for their dedication and support for overseas members, as they have provided countless resources and opportunities for us to seize and grow as accountants.”

Hashtag: #ISCA #DifferenceMakers #Accounting #Accountancy #CharteredAccountants #ChooseAccountancy #Shanghai

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

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Speech to the Wellington Chamber of Commerce – How can lessons from the COVID Response help navigate fuel shortages?

March 31, 2026

Source: New Zealand Government

How can lessons from the COVID Response help navigate fuel shortages?

Thank you, Matthew, and thank you all for being here this morning. 

I’d like to speak plainly to you about the event affecting every part of business right now. I’d like to cast it through another lens we try not to think about, let alone see the world through.

Current situation

There is no point pretending this conflict in Iran is abstract or somebody else’s problem. As soon as the waterway that carries around one-fifth of global petroleum liquids consumption is thrown into uncertainty it becomes real for an isolated island nation like ours. Insurance costs, supply chains, energy markets, all the bills businesses pay, and the prices families see at the pump are all affected. 

Right now we have sufficient fuel stocks in New Zealand and we are working hard across diplomatic, commercial, and industry channels to ensure that remains the case. 

Here are the facts:

Our national fuel stocks continue to be robust across petrol, diesel, and jet fuel.

Latest projections show that New Zealand has 59.3 days of petrol supply, 54.5 days of diesel supply, and 50.4 days of jet fuel supply available nationally. We have five ships expected to arrive in coming days and another ten ships a few weeks away. 

Last week we announced a fuel plan detailing the planning in place for if this situation worsens. Introducing restrictions on fuel use is NOT the plan, but it is better to have a plan you don’t use than get caught with no plan at all.

Plan A is to keep working with energy companies and foreign governments to ensure supply keeps up. The supply-side comes first. So far, the available days of supply has bounced around, and people have argued over which ships to count, but supply has stayed over six weeks’ worth for the last three weeks. Our first goal is to keep it that way.

If, and only if, there is a risk of running out, would we go to demand-side restrictions. 

Finer details of the plan are still being worked on. Government departments are talking to people in different industries every day to work out how the plan could work if it came to that. 

There are still details to come, we are continuing to work on it and will give updates as soon as possible.

However, for now, we have enough supply, and our aim is to use the supply side to keep it that way.

Five lessons from the COVID response

Nobody wants to relive COVID, but that period had many lessons if we want to learn them. We’d be mad to ignore a live experiment in politics and policy during a scary global situation.

I spent those years in opposition, but I half joked that I wanted to be the ‘leader of the proposition.’ During that time we didn’t just criticise the Government, as was our party’s constitutional role, we also put up a series of papers about how we’d do it better.

Today we face another event that is global, could be scary, and has already invoked a response from Government. What a time to dust off some of those reflections from that time.

Avoid the time trap

The first and most important lesson was not to let the situation warp time. During COVID the Government slowed down time. The daily press conferences made 24 hours seem like a year, and the first 24 minutes we spent waiting to hear the day’s figures felt like a month.

We forgot that New Zealand would outlive the pandemic, and our country would have a big future, but decisions made then would cast a long shadow on that future.

The fiscal situation was the most obvious time warp victim. The figures were eye watering. The Government borrowed a net $100 billion in the four years from June 2019 to June 2023.

That’s why the financial support announced to date is:

Targeted, at low-income working households with children
Timely, it can be done with existing tax credits rather than creating a new mechanism
Temporary, it will end in either a year or when regular petrol falls below $3, linking it to the problem
Funded, it comes from within the allowance announced in the December Budget Policy Statement, so it will require savings elsewhere instead of new spending

The time trap lesson also puts a stark lens on some of the other proposals being put about. We’re told we should cancel excise taxes or road user charges, cancel road projects, or enable online learning. 

These ideas would all have long tails of effects that we cannot ignore.

Balancing human needs
Do it with, not to the people
Remember we’re all human, all New Zealanders
Learn from the world, and don’t reinvent the wheel

Education points to the second COVID lesson. We need to keep all of New Zealanders’ goals in perspective. I am still astonished at how quickly education was glossed over.

In many ways, education is the only investment that matters. Thoughtful people can solve lots of problems. Unthinking people can cause lots of problems. How educated the population is will trump any other variable across a generation. But, in the COVID time trap we abandoned it.

Last week I was asked countless times whether I thought students should be learning from home because of the fuel crisis. I said of course not, because we cannot afford to put education back at the bottom of the totem pole after working so hard to get students back at school. And I wondered, as I was being asked that question, whether attendance had actually fallen significantly. It hadn’t. We know that because we’ve made daily attendance data available online.

In response to a crisis, you have to think about all human priorities and you have to follow the facts. That’s why education, for one thing, is not going to be sacrificed in the event this Government needs to move to demand-side rationing.

The third lesson was to work with, rather than against people.  The COVID response took on its own momentum. By the end of 2021, we’d been in a state of crisis management for 18 months. The then Prime Minister’s nearly belligerent refrain ‘if you want to do x, y, or z, get vaccinated,’ confirmed she had gone too far.

But vaccination was only the most infamous flashpoint. Many others felt the response was being done to rather than with them.

There was the school that had its Australian approved RAT tests confiscated, how dare they, take initiative?! 

There were the Auckland restaurants who were told one morning they could open for the America’s Cup that day. They had to explain that they were very grateful but to serve lunch they needed to roster staff and order food the night before, at least.

There were the hairdressers and event promoters who showed they could operate as safely as very similar industries, but found deaf ears and frustration.

That’s why the Government has been working double time behind the scenes to do two things: Keep fuel supply up and be ready to manage demand as a last resort.

There are extensive discussions with businesses of every sector about how those steps are or would be taken. Rather than jumping to the podium, we are quietly making plans we hope to never use.

The Red Tape Tipline

We’re not only working with business and community to help solve problems we know about, we’re open to hearing new solutions altogether.

For all the briefings we get from officials – in fact I’d be at one right now if I wasn’t here – there will also be businesses on the frontline who are experiencing the strain firsthand and experiencing what is going on before a government department has figured it out.

If we’re learning lessons from our COVID approach, we might as well do the same from other countries. Taiwan implemented an approach during the COVID outbreak where they went ‘this is a tough time for everyone, since you’re the ones dealing with it every day, what do you need us to do to help?’. Through public feedback they were able to develop tools that improved their response, with apps that helped with contact tracing and collated data.

That’s why I’m also encouraging businesses to come directly to the Ministry for Regulation with areas we can relax regulations and support the response. 

In a disruption, every unnecessary delay matters. If there are rules, forms, approvals, or compliance requirements that make it harder to import, store, distribute, or use fuel efficiently, those issues should be identified now, not when the pressure is at its peak.

People can submit examples of regulations that could be reviewed, suspended, simplified, or better coordinated to support New Zealand’s fuel resilience via the red tape tipline.

This could include barriers affecting fuel transport, storage, distribution, local delivery, freight movements, business operations, or the ability of firms to adapt quickly to changing supply conditions.

The tipline has already fixed many things that matter to Kiwis, whether it’s allowing them to build sheds on their property, fixing scaffolding regulations and ending prohibition on medical conferences taking place.

Already there’s been more than 75 submissions, with some very interesting ideas. These are currently being analysed to see which amount to the most common-sense changes and will be able to have the most tangible impact on our response. I’ll have more to say on that soon. 

We are lucky to have democracy and due process. They give each person the dignity of being seen and heard. The COVID response was a lesson in what not to do. 

The closure of Parliament can be debated. Other countries closed more, our still functioned online at times, but there was something else I think we should worry about. 

People accepted the suspension of democracy and the rule of law so easily. When the Police Commissioner said the police would follow people around and perhaps ‘take them to our place’ without any actual law to enforce, people shrugged. When the Leader of the Opposition couldn’t get to Parliament, too many people including the media shrugged again. 

It’s essential that any possible restrictions on normal life are done clearly and transparently, with no short cuts on democracy or due process. That matters in a fuel crisis just as much as it did in COVID, because any move to ration demand or limit normal activity will touch millions of ordinary New Zealanders. If people are being asked to change how they live, they are entitled to know the rules, the reasons, and the legal basis for them.

Otherwise, you risk ignoring the fourth lesson, and people feel they haven’t been listened to. That’s when you get riots on the lawns of Parliament.  

New Zealanders during COVID could be forgiven for thinking we were the only country on earth. Everything had to be done our way, as if it was being done for the first time.

Those Aussie-approved thermometers being confiscated was a good example. Today we’ve already harmonised fuel standards with Australia, in stark contrast to that approach.

Like COVID, our isolation is a big factor in the current fuel situation. Then, we had several weeks’ notice as each variant crawled across the globe. Today, we’re tracing back ships coming to Marsden Point from Korean and Singaporean refineries, and then the ships going to those refineries. 

If we can see what’s coming, we can take time to prepare, and we can watch what others are doing to plan our own response. We should never be too proud to learn from another country. We’re pretty good, but we don’t have a monopoly on wisdom.

Why the response matters

We can’t let today’s crisis erode our country’s future. 

The latest Treasury figures put net core Crown debt at $191.4 billion. That alone is a reason to treat every new commitment seriously, because every dollar we borrow today is a dollar we lose the freedom to use tomorrow. 

Fiscal discipline is what stops the first shock being followed by a second one. It is what helps contain inflation pressure. It is what protects interest rates from staying higher for longer. And it is what means that if genuine hardship support becomes necessary, government can provide it without making everything else worse.

So, when we say do not take your eye off the fiscals, we are not changing the subject.

You can already hear the other instinct from the opposition. More spending. More intervention. More borrowed relief. More politics built around the appearance of action. That’s what would be happening if the other lot were in charge for this. 

With cool heads, we can respond to fuel shortages from the Iran war without committing the knee-jerk mistakes made during COVID.

It means understanding that our long-term future must not be eroded by short-term political theatrics. That is the approach we have to bring to this response.

We cannot prevent every external shock. But we can make sure New Zealand responds with fiscal discipline and common sense. That will be the evidence that we’ve learnt our lessons. 

Thank you.

MIL OSI

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PERSOL Unveils Unified Regional Outsourcing Brand to Drive Digital Transformation and Operational Excellence in Singapore

March 31, 2026

Source: Media Outreach

PERSOL Outsourcing will deliver tailored end-to-end solutions for today’s evolving business landscape

SINGAPORE – Media OutReach Newswire – 31 March 2026 – PERSOL, Asia Pacific’s leading HR solutions provider, today announced the official launch of PERSOL Outsourcing. This strategic rebranding brings together the collective strengths of P-Serv and EVO, creating a unified, future-ready outsourcing brand designed to help businesses navigate an increasingly complex and tech-driven market.

The rebranding of P-Serv and EVO as PERSOL Outsourcing marks a significant milestone in PERSOL APAC’s regional growth strategy. By combining three decades of operational stability with digital capabilities, PERSOL Outsourcing is positioned to deliver tailored end-to-end solutions that integrate People, Process, and Technology.

“The launch of PERSOL Outsourcing reflects our commitment to scaling smarter and innovating faster for our clients,” said Foo See Yang, Managing Director and Strategic Business Group Head, PERSOL APAC. “By unifying our business process design and technical expertise under one brand, we can deliver more comprehensive, scalable, and future-ready solutions to our clients in the region. The rebranding allows PERSOL APAC to better support clients’ evolving needs in areas such as digital transformation, workforce optimisation, and operational resilience.”

Tailored Solutions for an Increasingly Complex Landscape

PERSOL Outsourcing addresses the rising demand for agile delivery models in a regional Business Process Outsourcing (BPO) market that is expected to reach US$147.06 billion by 2032. As regional enterprises increasingly seek partners who can navigate this rapid growth through specialised domain expertise, PERSOL Outsourcing will focus on delivering solutions across three core pillars:

  • Customer Experience: Supporting service delivery across all touchpoints, from customer service management to omnichannel contact centre operations and front-of-house operations.
  • Corporate Services: Streamline complex shared service operations through a comprehensive suite of solutions including Human Resource Advisory, Finance, Marketing, and Compliance. Services include the management of intricate administrative, facility, and regulatory requirements based on organisational needs and growth trajectories.
  • Technical: Driving digital transformation through engineering and IT infrastructure management. Capabilities span cloud operations, digital support, and platform management, leveraging AI implementation and automation to innovate and improve core business processes.

Effective immediately, P-Serv and EVO will operate under the PERSOL Outsourcing brand. The integration will allow clients to tap into an expanded suite of regional resources and digital innovations designed to drive greater operational efficiency.

For more information, please visit https://www.persoloutsourcing.com/.

Hashtag: #PERSOLOutsourcing

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

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Proposed import requirements for fresh blueberries (Vaccinium spp.) for human consumption

March 31, 2026

Source: NZ Ministry for Primary Industries

Have your say

From 31 March to 15 May 2026, the Ministry for Primary Industries (MPI) invites comment on proposed import requirements for fresh blueberries (Vaccinium spp.) for human consumption.

This page outlines:

  • our assessment of market access requests from Chile, Mexico, Morocco, Peru, and the USA
  • our approach to preventing the introduction of harmful pests and diseases through fresh blueberry imports.

We want your feedback, technical information, industry knowledge, and suggestions on:

  • pests requiring additional measures that we may have missed
  • the measures we’re proposing
  • the feasibility of importing under the proposed requirements
  • our consultation process.

Reasons for developing an import health standard for blueberries

Five countries (Chile, Mexico, Morocco, Peru, and the USA) have requested to export blueberries to New Zealand. To protect our environment, economy, and health, we need to ensure that pests, which may harm them, are managed to an acceptable level on imported blueberries. At the same time, we seek to enable safe and fair trade with our international partners.

Our goal is to strike the right balance, keeping New Zealand safe and enabling trade that benefits our economy and our trading partners. It is important that our biosecurity measures align with international standards and are evidence-based.

Consultation document and information

Draft Import Health Standard: Fresh Blueberries for Human Consumption [PDF, 562 KB]

Risk assessment

Proposals for allowing the import of fresh blueberries

Answers to questions you might have about allowing the import of fresh blueberries

Related documents

WTO notification [PDF, 118 KB]

Making your submission

We welcome your feedback about the proposals and the draft import health standard. We’re accepting submissions until 5pm on 15 May 2026.

If you’re happy with what we’re proposing, you don’t need to do anything else, but we’d appreciate an email from you letting us know.

You can send us your feedback by email or post.

Email

blueberryproject@mpi.govt.nz

Post

Plant Products Team
Biosecurity Import and Export Standards Directorate
Biosecurity New Zealand
Ministry for Primary Industries
PO Box 2526
Wellington 6140
New Zealand.

If you need more information from us before making your submission, email blueberryproject@mpi.govt.nz

Note that submissions received after the closing date will be kept on file and considered during future reviews.

We value all feedback on our work, whether complimentary or critical. If we’ve done something well, let us know so we can keep going in the right direction.

Risk assessment for importing blueberries

We developed the draft import health standard (IHS) after assessing and reviewing all the potential risks.

What we are proposing

The draft IHS contains all requirements that we propose must be met for the importation of fresh blueberries for human consumption into New Zealand.

Answers to questions you might have

Submissions are public information

Note that all, part, or a summary of your submission may be published on this website. Most often this happens when we issue a document that reviews the submissions received.

People can also ask for copies of submissions under the Official Information Act 1982 (OIA). The OIA says we must make the content of submissions available unless we have good reason for withholding it. Those reasons are detailed in sections 6 and 9 of the OIA.

If you think there are grounds to withhold specific information from publication, make this clear in your submission or contact us. Reasons may include that it discloses commercially sensitive or personal information. However, any decision MPI makes to withhold details can be reviewed by the Ombudsman, who may direct us to release it.

Official Information Act 1982 – NZ Legislation

MIL OSI

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PERSOL Introduces Unified Regional Outsourcing Brand to Boost Digital Transformation and Operational Excellence in Malaysia

March 31, 2026

Source: Media Outreach

PERSOL Outsourcing will deliver tailored end-to-end solutions for today’s evolving business landscape

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 March 2026 – PERSOL, Asia Pacific’s leading HR solutions provider, today announced the official launch of PERSOL Outsourcing. This strategic rebranding brings together the collective strengths of P-Serv and EVO, creating a unified, future-ready outsourcing brand designed to help Malaysia businesses navigate an increasingly complex and tech-driven market.

The rebranding of P-Serv and EVO as PERSOL Outsourcing marks a significant milestone in PERSOL APAC’s regional growth strategy. By combining three decades of operational stability with digital capabilities, PERSOL Outsourcing is positioned to deliver tailored end-to-end solutions that integrate People, Process, and Technology.

“The transition to PERSOL Outsourcing is a natural evolution of our deep-rooted presence in Malaysia and the wider region,” said Brian Sim, Managing Director and Country Head of PERSOL Malaysia. “By unifying the specialised domain expertise of P-Serv and EVO, we are better positioned to help our clients navigate the evolving business and workforce landscape. Our clients will continue to work with the same expert teams they trust, but with the added benefit of unified regional scale and enhanced digital capabilities that drive long-term resilience and efficiency.”

Tailored Solutions for an Increasingly Complex Landscape

PERSOL Outsourcing addresses the rising demand for agile delivery models in a regional Business Process Outsourcing (BPO) market that is expected to reach US$147.06 billion by 2032. In Malaysia, Customer Experience BPO market generated US$1.43 billion in 2024 and is projected to grow at a CAGR of 12.5% by 2030. As local and regional enterprises increasingly seek partners who can navigate this rapid growth through specialised domain expertise, PERSOL Outsourcing will focus on delivering solutions across three core pillars:

  • Customer Experience: Supporting service delivery across all touchpoints, from customer service management to omnichannel contact centre operations and front-of-house operations.
  • Corporate Services: Streamline complex shared service operations through a comprehensive suite of solutions including Human Resource Advisory, Finance, Marketing, and Compliance. Services include the management of intricate administrative, facility, and regulatory requirements based on organisational needs and growth trajectories.
  • Technical: Driving digital transformation through engineering and IT infrastructure management. Capabilities span cloud operations, digital support, and platform management, leveraging AI implementation and automation to innovate and improve core business processes.

Effective immediately, P-Serv and EVO will operate under the PERSOL Outsourcing brand. The integration will allow clients to tap into an expanded suite of regional resources and digital innovations designed to drive greater operational efficiency.

For more information, please visit https://www.persoloutsourcing.com/.

Hashtag: #PERSOLOutsourcing

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

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

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War on Iran a ‘bazooka’ through government’s LNG plan – gentailer CEO

March 31, 2026

Source: Radio New Zealand

Energy Minister Simon Watts. RNZ / Mark Papalii

The Energy Minister is expressing confidence in the government’s plans to build a liquefied natural gas (LNG) terminal, even as the Prime Minister says it will not go ahead if the business case does not stack up.

Two of the country’s gentailers have expressed their own doubts on the future of the terminal, while Labour has asked the auditor-general to look at the decision-making process.

The government intends to build a billion-dollar LNG import facility in Taranaki as a back-up to address dry-year risk.

Confirmation the government would proceed with the terminal was announced in February, shortly before the United States and Israel attacked Iran.

The ensuing energy crisis has led to LNG prices rises of 143 percent in Asia since 28 February, leading to criticism from Labour the government was signing New Zealand up to more volatile price spikes in the future.

A decision on procurement is due to be made by the middle of the year, with the aim of having the facility operational and receiving gas in 2028.

The prime minister indicated its future would rely on the business case.

“If it doesn’t stack up, we won’t be doing it. Until we see the commercials on it, we’ll make the decision then,” Christopher Luxon said on Tuesday.

Energy bosses express mixed views

Appearing at the energy sector conference Downstream in Wellington on Tuesday morning, gentailer chief executives were asked what the crisis meant for the LNG terminal.

“It depends which day you read the news, doesn’t it? I think LNG stands for ‘likely no gas’ to be honest,” Genesis chief executive Malcolm Johns said.

“The reality is that only 30 percent of New Zealand’s energy comes from electricity, 70 percent comes from other forms. Fifty percent of our overall footprint is imported, so we have a highly exposed energy system to the rest of the world. Whether you add LNG to that or not is not going to make one iota of difference to New Zealand’s exposure to the imported fuel regime to the world.”

Meridian chief executive Mike Roan agreed.

Meridian chief executive Mike Roan. Meridian Energy

“It feels like the Americans might have put a bazooka, literally, through that proposal,” he said.

“I think it’s the challenge that we have as an industry, which is, how do we take charge of the resources that are at our fingertips and actually build out a resilient, secure, and affordable electricity system for not only today, but for the generations that follow? Because that’s what people were able to do before us.”

Others on the panel were more optimistic.

David Prentice, chief executive of the Gas Industry Company, said “first and foremost” the LNG terminal was about providing insurance for a dry year.

“We all have insurance in our homes and our cars, and we grumble and moan about it, but at the end of the day, I would bet that most people would still have insurance.”

Transpower executive general manager of operations Chantelle Bramley said LNG would bring new energy into a constrained system, and would buy New Zealand time to “build out” renewables.

“It gives us optionality. And in times of uncertainty, creating more options is actually a really good thing.

“We’re a tiny country at the bottom of the South Pacific. We are not an interconnected power system. There are things that will happen in our domestic market that at some point we’ll also want to be looking at that international fuel mix. The war in Iran won’t be going on forever, so I think that that optionality is also really important.”

Firefighters attempt to extinguish a fire following a projectile impact on a refinery in Israel’s northern city of Haifa on 3 March, 2026. JACK GUEZ / AFP

Energy minister wants ‘a good deal’

Energy Minister Simon Watts said there were “two conversations” at play, involving the procurement of the import terminal and then the procurement of the LNG itself.

Watts said the government was proceeding with the procurement process “as planned”, but like any procurement process the government wanted to get “a good deal”.

Officials had advised him the procurement process was on track.

“First and foremost, we’re doing a procurement process to build a strategic LNG importation terminal. The second conversation is around procurement of that gas.

“Obviously, the procurement of the gas will be for winter ’28, which is obviously not on Tuesday, and that long-term contracting process will follow once the terminal is built. So we’ve got to separate out. There’s two conversations here. We’re talking about the procurement to build the ability to import.”

Watts said the underlying problem of a lack of gas to make electricity in a dry year remained, and a PwC report two weeks ago had outlined that not having gas in the economy would be “catastrophic” for regional jobs and GDP growth.

The PwC report said introducing LNG would help “stabilise total gas supply and prices,” as well as reduce structural scarcity pressures and restore confidence in the market to support an “orderly” gas transition.

“We need the capability to import, and then we need to do long-term contracting to get that gas when we need it, acknowledging we don’t know exactly when we are going to have a dry year, but having that insurance policy gives us more options,” Watts said.

‘A dangerous idea’ – Labour

Cabinet has delegated the authority for the contract to be signed off by the ministers of finance, energy and infrastructure.

Labour energy spokesperson Megan Woods said she was concerned it was not the “usual” way for a billion-dollar project to be decided on.

“There’s power to ministers to decide, rather than the usual kind of officials process that you’d have in a case like this,” Woods said.

“I’ve actually written to the auditor-general, and I’ve asked the auditor-general to look at that, because I think it is highly atypical that you’d be having political decisions around a billion-dollar project, when the government’s already shown that it doesn’t have the ability to think things through.”

Megan Woods. RNZ / Samuel Rillstone

Woods’ letter questioned whether the decision-making criteria at each stage was sufficiently clear, documented, and robust.

It asked the auditor-general to consider whether it was consistent with the Government Procurement Rules, as well as the Cabinet Manual and the auditor-general’s own guidance on procurement.

Of particular concern for Woods was whether the level of ministerial involvement in shortlisting and choosing suppliers was “appropriate for a procurement of this size and risk”, and whether that created a real or perceived risk to the independence and integrity of the process.

“The Cabinet material describes a process where the minister for energy approves the shortlist and a small group of ministers selects the preferred supplier. That appears to be a high degree of direct ministerial involvement in what is, at heart, a commercial evaluation and selection exercise for a very large contract,” her letter said.

Woods said LNG was “always” going to be a more volatile and insecure way for New Zealand to secure its energy system, and accused the government of brushing aside other ways in which it could be done.

“It was a dangerous idea when the government announced it. I think the last three or four weeks have just shown how precarious it is. New Zealand should not be banking its energy security on a volatile fuel like LNG.”

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

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Auditors warn big companies may fail

April 1, 2026

Source: Radio New Zealand

Unsplash

Auditors have issued business failure warnings for 15 percent of New Zealand’s listed companies, a new report says.

Chartered Accountants Australia New Zealand (CA ANZ) released data that shows an increase in the number of companies where auditors have highlighted a material uncertainty related to a going concern.

It was up from 13 percent in 2021, and well up from about 8 percent in 2023.

The report examined auditor reports of NZX-listed companies that issued financial statement in 2025.

In Australia, 30 percent had a going concern warning.

CA ANZ reporting and assurance leader Amir Ghandar said it showed how difficult operating conditions had become, particularly for companies reliant on ongoing access to capital.

“Auditors are now flagging greater uncertainty than during the pandemic itself, which shows how sustained economic pressures around liquidity, refinancing and future profitability can be just as challenging for businesses as an acute shock.”

Ghandar said New Zealand was in a comparatively stronger position than Australia, but was not immune.

CA ANZ reporting and assurance leader Amir Ghandar. (File photo) Supplied / Chartered Accountants Australia and New Zealand

“Certain sectors are under sustained pressure. Going concern flags are most frequent in consumer staples, health care and information technology, sectors where business models are often capital intensive, dependent on future growth, or exposed to volatile input costs.

“In these sectors, access to funding, confidence in future earnings and the ability to absorb cost shocks really matter.”

Neil Paviour-Smith, managing director at Forsyth Barr, said an increase compared to 2021 was not surprising because it had been a relatively strong time for the economy.

“While the world was still grappling with the effects of Covid, in the aftermath, in a business sense, you had governments providing subsidies, you had zero interest rates, you had governments or reserve banks printing money.

“It was a pretty strong economic recovery… since then things have tailed off, we’ve had inflation, cost pressures and other factors… it’s a much more difficult environment now relative to 2021.”

He said auditors were pointing out the pressure was on, that there were challenges to the businesses’ ability to remain a going concern.

“It’s sort of accounting language for continuing to be viable as a business and meeting its obligations.”

He said businesses could still turn around.

“It can be hard slog to get there. In some instances it means deep restructuring, cost cutting, asset sales, changes in the way in which business is performing in order to salvage the business.

“That’s where boards and management are looking very hard at – do we have a viable business? Or it may well be that the market has so fundamentally change that you’re hanging on to the past rather than looking ahead.”

For some the environment might have changed too much to continue, he said.

“If you look at retail for example, there are certain brands, whether it’s fashion or whether it’s hospitality where certain bars and restaurants just aren’t supported by customers, they like going to other places… same with retail. If you’re in a sector that’s struggling, the strongest will prevail.”

He said the fuel price pressure would flow through to inflation and higher wage demands from staff.

“At a time when households and businesses are probably going to act somewhat cautiously in terms of their own spending, which will have a revenue consequence.

“I imagine it wouldn’t be surprising if you saw the number of companies with material uncertainties increasing again because of the environment we’re in.”

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

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‘Unsettling times for businesses’ as confidence falls

March 31, 2026

Source: Radio New Zealand

Retail is more concerned about the exchange rate than other sectors, ANZ’s chief economist says. RNZ

Business confidence has dived as firms continue to digest the implications of the war in Iran, mirroring last week’s consumer confidence survey.

The ANZ Bank’s monthly business survey shows confidence fell 26-points in March to a net 33 percent from 59 percent in February, while other indicators also plummeted.

Inflation indicators also rose, with a net 60 percent of firms expecting to raise prices in the next three months – an increase of 7 points.

ANZ said survey results gathered during the past week were weaker still, which did not bode well for April’s reading.

The net percent of firms expecting cost increases rose to a net 85 percent from 79 percent, which was the highest rate in about three years.

“It’s unsettling times for businesses,” ANZ chief economist Sharon Zollner said.

“Just as the economic recovery was starting to feel real, dark clouds have gathered. It’s not just anxiety about the future.

“Many firms are already reporting that their activity has taken a hit as people defer their decision-making in the face of uncertainty.”

In terms of impacts already being experienced, overall activity fell to net 18 percent from 23 percent of firms reporting stronger activity than a year ago.

The retail sector was down 20 points to 5 percent, with construction down 16 points to a negative 13 percent.

She said past activity, which was the best indicator of GDP, took a hit, particularly in the late-month data.

“The fall in the activity indicators as the month went on is understandable, as it has become increasingly clear that this is not a short-lived shock, but something more persistent.

“Firms are understandably in a mood to reduce their risk-taking, but the unfortunate truth is that one firm’s risk (a purchase, an investment, a hire) is someone else’s opportunity.”

She said the weakness was broad-based.

Biggest problems

Zollner said competition was still the number one problem facing businesses, while non-wage costs were also starting to grow, along with concerns about the Middle East and government policy.

“By sector, retail is more concerned about the exchange rate than other sectors,” she said.

“Construction is particularly concerned about competition, and turnover remains a significant worry for retail, construction and manufacturing.”

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

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