PERTH, Australia, March 30, 2026 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) has been notified that the Métis Nation–Saskatchewan (MN–S) has applied for a judicial review in the Saskatchewan Court of King’s Bench, to challenge the 19 February 2026 decision (Decision) of the Saskatchewan Minister of Environment to approve the Company’s Environmental Impact Statement (EIS) for the Patterson Lake South (PLS) Project1.
Paladin recognises the unique rights, cultures and histories of Indigenous peoples, as well as their distinct interests and concerns. We seek to develop partnerships that promote ongoing communication, relationship building, engagement, and socio-economic benefits for Indigenous communities.
Paladin Canada Inc. (previously known as Fission Uranium Corp.) has been consulting with MN–S regarding the PLS Project for many years. Paladin Canada Inc. has made significant efforts to address all environmental and other issues raised by the MN-S in the course of those consultations.
The MN–S court application is directed to both the Government of Saskatchewan and Paladin Energy Limited. The MN–S application alleges that the Government of Saskatchewan inadequately consulted the MN–S prior to the Decision on the EIS.
The application seeks to set aside the Decision by the Saskatchewan Minister of Environment. It also seeks an interim injunction preventing Paladin from taking action in reliance on the Decision, pending judicial determination of the merits of MN–S’ application.
Paladin denies the claims made in the application and intends to defend its position in this matter.
This announcement has been authorised for release by the Managing Director and CEO of Paladin Energy Ltd.
SINGAPORE – Media OutReach Newswire – 31 March 2026 – Cigna Healthcare Singapore is proud to celebrate its 15th anniversary, marking a significant milestone in its journey to the forefront of global health insurance providers, supporting businesses, brokers, clients, and members in Singapore.
“As we mark 15 years of supporting organisations with connected, world‑class healthcare, I want to thank the dedicated team at Cigna Healthcare Singapore. From our early days here, we have grown into a strong, purpose‑driven team serving both global and local businesses nationwide. This milestone reflects the trust we’ve built with our clients, partners and members, and our commitment to supporting people across every stage of life and career.” commented Raymond Ng, CEO and Country Manager of Cigna Healthcare Singapore and Australia.
To commemorate the milestone, Cigna Healthcare Singapore has launched a year-long campaign themed “Celebrating 15 years of Connected, World-class Healthcare”, running from March to December 2026. As part of the campaign, Cigna Healthcare Singapore will showcase its global connectivity and how they support the health of its members across stages of their lives through digital out-of-home (DOOH) advertisements across key locations in Singapore:
Fortune Centre: 23 Mar – 5 Apr
Sim Lim Tower: 6 Apr – 19 Apr
Velocity @ Novena: 20 Apr – 17 May
CIMB Plaza Façade Video Wall: 4 – 17 May
CaptiveMediaNetwork: 18 – 31 May
Championing employee well-being in Singapore
Cigna Healthcare Singapore has played a significant role in helping organisations strengthen their employees’ well-being across a wide range of industries. Today, the healthcare and health service provider specialising in corporate health insurance dominates the premium healthcare market share in Singapore. The versatility of services offered by the company enables them to serve clients from large multinational corporations to medium enterprises across sectors, such as technology, hospitality and financial services.
To deliver stronger connected care to its clients, Cigna Healthcare Singapore works with healthcare providers and partners, including Alliance Healthcare (Cigna Care Connect) and iXchange (IXPL), to expand access to quality care for members.
Internally, Cigna Healthcare Singapore champions employee well-being through several initiatives, including:
Wellness workshops on mindful living
Mental Health and Wellness activities
Quarterly “Duvet Days”, an extra paid day off, for rest and recovery of employees’ mental health
Employee Assistance Programme (EAP)
Specialised mental health coverage in insurance plans
“I encourage our leaders to model healthy behaviours because wellbeing starts from within. When we build a healthy culture for our people, we set the standard for the cultures we help our clients create.” shared Raymond Ng.
Evolving with experience, developing future-focused solutions
Singapore is facing medical inflation of 16.9% this year, a trend which is set to drive a significant shift in the healthcare landscape. In response to this trend, Cigna Healthcare Singapore partnered with iXchange, a third-party administrator arm of IHH Healthcare, to launch value-based contracts late last year, helping curb rising premiums driven by higher costs and chronic conditions, while advancing cost management, sustainable care and AI-enabled efficiencies.
“Congratulations! We are proud to deepen our partnership with Cigna Healthcare Singapore as it celebrates 15 years of excellence. Collectively, IHH Healthcare Singapore and Cigna are focused on better cost and care management, ensuring that members are able to receive sustainable, high-quality healthcare to look after their well-being. This shift represents our shared commitment to a future-focused healthcare landscape where clinical outcomes and cost-effectiveness go hand-in-hand,” shared Dr Peter Chow, Chief Executive Officer of IHH Healthcare Singapore.
Launched in 2019, Cigna Care Connect is a clear example of Cigna Healthcare Singapore’s commitment to innovation, created to meet the evolving healthcare needs of Singapore’s workforce. In February 2025, it evolved into Cigna Care Connect 2.0, responding to the growing demand from SMEs for more domestically focused healthcare solutions, while continuing to provide access to Cigna Healthcare’s premium standards of care and trusted provider networks.
“Alliance Healthcare is honoured to be a key partner in the evolution of Cigna Care Connect. Our collaboration is a strong testament to our shared vision to deliver cost-effective, yet quality healthcare that aligns with providers, members and clients. We look forward to many more years of delivering connected, world-class care that supports members through every stage of their corporate lives,” commented Dr. Barry Thng, Executive Chairman and CEO of Alliance Healthcare Group
Cigna Healthcare Singapore also integrates data analytics and AI into workflows and platforms to enhance efficiency and performance:
Common claim intake extracts and structured claims data to streamline processing, improve accuracy and better predict health and claim trends
Clinical Case Management Programme, integrated with technological solutions, bridges experienced healthcare professionals who guide members through their healthcare journey, from diagnosis to recovery, ensuring personalised care driven by digital efficiency.
The convergence of experience, innovation and human expertise ensures that both organisations and employees of Cigna Healthcare Singapore receive seamless, effective and personalised health solutions, keeping the company ahead in an evolving healthcare landscape.
“As we look ahead, we remain focused on innovation, partnerships and smarter use of data and technology to make healthcare more accessible and reliable. Our journey doesn’t stop at 15 years — we’re building the next chapter of connected, world‑class healthcare for Singapore and beyond“ shared Raymond Ng.
Attribute to Detective Senior Sergeant Ian Foster:
Police acknowledge the sentencing handed down today in the High Court at Hamilton to Joshua Hargreaves, for the murder of his brother Jack Hargreaves in July last year.
One of the firearms used in the murder belonged to their flatmate, who was sentenced on three charges of unlawful possession of a firearm in January 2026.
These sentencings bring with them a reminder to the community about the importance of firearms safety.
We all want our families and communities to be safe from firearms harm.
Police are committed to ensuring firearms do not get into the wrong hands.
You must have a current New Zealand firearms licence and any required endorsement and permit to legally possess most arms items or ammunition.
Police recognise that there may be occasions where a person inherits or receives an unwanted firearm and they don’t have a firearms licence or the correct licence endorsement.
The community will be much safer if that firearm is handed in straight away, so that criminals or vulnerable people, including children or those who are unwell, cannot have access to it.
When somebody proactively comes forward to Police wanting to hand in an illegally held firearm, firearms part or ammunition, they should not fear prosecution, in most cases.
Police have the discretion not to prosecute, where a firearm is proactively handed in by someone who is not lawfully able to possess it.
Each situation will be considered on its own facts and discretion exercised accordingly. Where a prosecution is not in the public interest, Police will arrange disposal of the item.
We are keen to work with the public to ensure only people with firearms licences possess firearms, as part of our approach to delivering safer communities.
The Green Party is warning that the Government’s complete rewrite of the Fisheries Act will privatise one of our largest public assets and push fish stocks closer to wipe out.
“The Fisheries Amendment Bill signs away insane industry power over our oceans and fisheries at the expense of regular New Zealanders and the environment that sustains us,” says Green Party Co-leader Chlöe Swarbrick.
“New Zealanders pushed back hard last week, and the Minister was forced to abandon the removal of minimum fish size requirements for commercial operators, but the Government needs to gut the whole damn Bill.
“We cannot let Christopher Luxon and the National Party scapegoat New Zealand First for this latest attack on our environment. This Bill doesn’t need to progress. All coalition parties have decided that it will.
“National, ACT and NZ First are choosing to screw over our oceans and recreational fishers to help the industry make a quick, unsustainable buck.
“It doesn’t have to be this way. The Greens stand with regular people over profit and plunder.
“That means going much further than just killing this Bill. It means phasing out bottom trawling, increasing full marine protection from less than 1% of our oceans to 30%, and protecting our fisheries for future generations,” says Swarbrick.
The Green Party has condemned the funding cut which has lead to the loss of the National Māori Radio news service. The news service will air for the last time tonight.
“After years of harsh cuts to Māori broadcasting under Luxon’s Government, the Green Party is calling on Māori Development Minister Tama Potaka to stand up for Māori news broadcasting,” says Green Party Co-leader, Marama Davidson.
“Over the past four decades, iwi radio has played a fundamental role in broadcasting critical news, diverse voices, and community stories to whānau across the motu.
“The National Māori Radio service has always been about so much more than just news. It has included the daily presence of te reo Māori and Māori news, positively affirming identity and how Māori see themselves.
“These cuts breach the Crown’s treaty obligations to actively protect te reo Māori and Māori news broadcasts.
“Māori are renowned storytellers. Iwi radio has allowed Māori stories to be told by Māori, for Māori and all communities, throughout four decades of uninterrupted programming.
“Where has Minster Potaka been throughout this process? A process that has been incredibly arduous and destabilising for our whānau in iwi radio, and the Māori broadcasting sector as a whole?
“The Green Party will ensure enduring funding for Māori news services which tell our enduring Māori stories. We support iwi radio to ensure their voices continue to be heard and celebrated.
“This silence will be loud. We will continue to stand with Māori storytellers, and stand for Māori stories,” says Marama.
Trade and Investment Minister Todd McClay has announced a new joint statement on keeping supply chains open with fellow Future of Investment and Trade (FIT) Partnership members Costa Rica, Iceland, Liechtenstein, New Zealand, Norway, Panama, Rwanda, Singapore, Switzerland, the United Arab Emirates and Uruguay.
“As we face the risk of further serious disruption to global supply chains, this joint statement proposed by New Zealand outlines our mutual interest in ensuring that trade lines stay open, transparent and resilient,” Mr McClay says.
“We are already seeing the impact of the current conflict in the Middle East on global supply chains for oil, gas and fuel.
“New Zealand and these FIT partners have committed to working together to identify disruptions to the trade of essential goods and exchanging information on how we will approach and mitigate these.”
The Joint Statement also committed to working together with other trading partners to ensure air and seaports remain open to support trade to flow unimpeded.
New Zealand hosts the next FIT Partnership Ministerial Meeting in Auckland in July.
Note for editors:
The FIT Partnership was established in September 2025. It provides a strategic platform for small and medium-sized economies to work together to shape the future of global trade and investment.
The FIT Partnership brings together Brunei, Chile, Costa Rica, Iceland, Liechtenstein, Malaysia, Morocco, New Zealand, Norway, Panama, Paraguay, Rwanda, Singapore, Switzerland, the United Arab Emirates and Uruguay.
Six people have been arrested and charged after Police busted a cannabis growing operation in Karaka yesterday.
At about 7pm Police executed a search warrant at an address in Karaka, which had previously been used for cannabis cultivation.
During the search of the Manuwai Lane property Police uncovered an indoor grow setup with more than 125 cannabis plants, as well as several kilograms of dried cannabis.
The warrant is part of Police’s continued effort to crack down on commercial-scale operations with criminals profiting from the sale of drugs.
“Anytime we can put a grow setup out of action it’s a good result,” Counties Manukau South Area Prevention Manager, Inspector Matt Hoyes, says.
He says upon arrival seven occupants at the address attempted to flee or hide from Police.
“Four people were found hiding in the roof and were taken into custody without incident.
“A further two people were apprehended by Police dogs and enquiries remain ongoing to locate another person.
“This was a good result and Police will continue to target people producing illegal drugs in our communities.”
Six men, aged between 34-41, have been remanded in custody to reappear in Pukekohe District Court next month facing charges including possession for supply of cannabis and cultivate cannabis.
Growing older has plenty of upsides – but achy joints is not one of them.
As we age, the joints that once handled every bend and fall start to weaken. This is because the amount of cartilage, a tough but flexible kind of connective tissue, and fluid in your joints decreases over time.
This may lead some people to avoid activities such as exercise. But with the right approach, exercise can actually help protect your joints.
Let’s dive into the science.
Why joints matter
Each joint is cushioned by articular cartilage, a type of specialised tissue that covers the ends of bones. This cartilage protects the joints and creates a smooth surface for motion.
A thick liquid known as synovial fluid also helps lubricate your knees, hips and shoulders. It does this by reducing friction between your cartilage and joints. Synovial fluid also supplies cartilage with key nutrients.
However, cartilage isn’t very good at repairing itself. This is partly because it doesn’t have its own blood supply.
The gradual breakdown of cartilage is known as osteoarthritis, a condition which affects more than 500 million people worldwide. People with osteoarthritis often feel the most pain in weight-bearing joints such as the knees, hips and spine.
How exercise impacts your joints
The body distributes synovial fluid through motion. So exercise helps gets this fluid, and the nutrients it contains, to cartilage.
Meanwhile, muscles around your joints act as shock absorbers. So strengthening your muscles, including through exercises such as weightlifting, helps to reduce the pressure placed on your joints. Research suggests strength exercises targeting the quadriceps, a group of muscles at the front of the thigh, are particularly effective at reducing joint pain.
A landmark Cochrane review assessed all the relevant evidence looking at the effect of exercise on osteoarthritis. It found exercise reduces pain and improves function in people with knee osteoarthritis. It also showed exercise has a similar impact as anti-inflammatory drugs, but without the same side effects.
Exercise may also help maintain proprioception, the body’s ability to sense its own position and movement. However, proprioception declines with age. So as you get older, your brain is less able to register these signals and may cause your joints to bear weight unevenly. This wears down your joints quicker.
However, exercising on varied and even unstable surfaces can reduce this wear-and-tear process. It forces your ankle, knee and hip joints to quickly adjust their movements, keeping them engaged and flexible.
What about low-impact exercise?
Low-impact exercise refers to exercises where you keep at least one foot on the ground, or support the body in some other way. This kind of exercise reduces the amount of weight and force placed on joints.
Examples of low-impact exercise include swimming and water aerobics. Both involve being suspended in water, which can support up to 90% of your body weight. Cycling may also be beneficial for your joints, particularly your knees.
Tai chi, a gentle form of exercise based on gentle movements and breathing techniques, is another option. Research suggests it may be as effective as physical therapy for people with knee osteoarthritis. Yoga can also help strengthen the muscles around your joints and improve your overall flexibility.
Walking deserves a special mention. Walking on uneven terrain, such as on grass, gravel or bush trails, can help maintain proprioception. One 2026 study found unstable surface training significantly improves postural control, or the ability to remain stable, in older adults.
Another systematic review found exercises which challenged participants’ balance reduced fall rates by roughly 23%. This is important, given falls are the leading cause of injury-related death in adults over 65.
I’ve never done low-impact exercise. How can I start?
Here are three tips to make low-impact exercise as safe and effective as possible.
1. Start small
You don’t need any fancy equipment to start. Where possible, opt to walk on uneven surfaces, such as grass, sand or gravel, instead of pavement. Even ten minutes walking across a park lawn will improve your joint movement.
You can also practise standing on one leg, for example while brushing your teeth. It’s best to start on firm ground first, aiming to stand on each leg for 30 seconds. You can then progress to standing on a folded towel or foam pad. Importantly, you should master each task or level of difficulty before advancing.
2. Use support
Safety is paramount. Always perform low-impact exercises near something you can hold for support, such as a park bench or bathroom vanity. If you’re walking for exercise, walking poles are an excellent option. Importantly, never exercise on unstable surfaces when you’re tired.
3. Get advice
No exercise is risk-free. For example, holding a yoga pose beyond your range of motion may injure your lower back, shoulders or knees. Doing deep squats or lunges with poor form can put unnecessary strain on your knee joint.
So before you start, speak to a certified exercise physiologist or physiotherapist. They can help you design a tailored exercise program.
The bottom line
Our joints are subject to the inevitable wear-and-tear of age, but low-impact exercise can help. So it’s worth trying, no matter how young or old you are.
Spectacular weather events like this are not common in northwest Australia. They occur under very specific environmental conditions. Most of the tropical cyclones hitting this arid region don’t cause red skies. Mega dust storms which do change the colour of the sky often take place during prolonged droughts. Perhaps the most memorable storm traversed over Melbourne on 8 February 1983, turning the sky red-brown and later pitch black.
The New York Times and other international media published stories about Australia’s blood red dust storm.New York Times
So what caused Cyclone Narelle’s dust storm and why was the sky so vividly red? Four factors came together to create these conditions: a very dry and exposed landscape with red soils, a lack of preceding rain, very strong winds ahead of the rain bands from the cyclone, and a particular wind direction.
Why was the dust storm so spectacular?
Australia’s northwest is one of just a few places in the world where tropical cyclones affect an otherwise arid desert climate. Other locations include the Arabian Peninsula and semi-arid parts of India and Pakistan. These dry regions have very little natural vegetation to protect fragile soils from cyclonic winds. In the northwest of WA, the iron-rich soils which attract many big mining companies also give the region its exceptional red appearance.
According to the Bureau of Meteorology, in the six weeks prior to Cyclone Narelle, the greater northwest region had experienced 10-50 mm of rainfall and the barren landscape was very dry. This was a crucial factor behind the size and magnitude of the red-tinged dust storm.
In the Southern Hemisphere, tropical cyclones rotate in a clockwise direction due to the “Coriolis Force”, which applies movement on rotating objects. This explains how the dust storm developed. Strong winds to the south of the cyclone’s eye were coming from the northeast to southeast direction, and hence off the dry landscape.
After tracking in a southerly direction, close to the North West Cape of WA, Narelle eventually crossed the coast near Coral Bay and headed inland, where it weakened.
Narelle’s large area of gale-force winds extended 200-260 kilometres from the centre. These very strong winds in the southwest area of the cyclone blew across the dry Pilbara landscape, picking up fine red sediments ahead of the bands of rain and transporting them westwards. These blood-red dust storms hit coastal towns in the Gasgoyne and Pilbara regions.
The large, flat terrain of the Pilbara would also have created a long wind “fetch” (the distance the wind blows over open terrain). This would have picked up greater numbers of dust particles.
As the cyclone moved through, humidity increased rapidly, followed by dense cloud and finally heavy rain. This is why the apocalyptic dust was short lived – it was washed out of the atmosphere and back to earth.
The Pilbara’s deep red soils are rich in iron oxides. These soils form the basis of the multi-billion dollar iron ore mining industry.
Understanding the physics of the atmosphere is important. Airborne dust particles scatter shorter wavelengths (blue and green light) more effectively. Longer wavelengths (red and orange light) pass through or dominate what reaches your eyes. The red soil particles made the light an even deeper shade of red. Hence, the sky appeared deep orange red, or even blood coloured.
Due to the right mix of environmental conditions, the Narelle dust storm involved a very high dust concentration, thick enough to significantly filter and tint all incoming sunlight. This created the Mars-like or “apocalyptic” appearance. Cyclone Narelle also approached the North West Cape in the early morning, when sunlight has to travel through more atmosphere. This meant more scattering occurred and made the red tones even stronger.
Mega dust storms are a regular feature during prolonged droughts in central, southern and eastern Australia. A striking example was the “Red Dawn” dust storm in Sydney on 23 September 2009. Residents woke to an eerie red dawn due to a huge dust cloud.
Huge dust storms like this are usually produced by strong cold fronts and severe thunderstorms that force fine sediment particles up into the atmosphere. These particles are typically moved towards the east, even making their way into the upper levels of the troposphere. Occasionally the dust is deposited as far away as the Southern Alps of Aotearoa/New Zealand.
Spectacular weather events such as this stand out on the global stage. A rare combination of the Pilbara’s exceptionally red soils, cyclonic winds from the right direction and perfect pre-rain timing allowed atmospheric dust to build to very high concentrations. Certainly a feast for the eyes and record books.
If you’d never heard of the Strait of Hormuz before, you probably have by now. Iran’s effective closure of the waterway, which usually carries about 20% of the world’s oil and gas, has put severe pressure on the global economy.
That’s because on March 28, the Houthis, a military group that controls large parts of northern Yemen and is aligned with Iran, entered the war, launching missiles towards Israel for the first time since the war with Iran began.
Yemen is situated on one side of the strait, and the Houthis have previously attacked shipping in the Red Sea, causing major disruption in late 2023 and 2024.
Bloomberg now reports Iran has approached the Houthis to prepare for a similar campaign.
Here’s why all eyes will be back on the Houthis, Bab el-Mandeb and the Red Sea, and what disruption of a second major chokepoint could mean for the world economy.
What is the Bab el-Mandeb Strait?
The Bab el-Mandeb Strait is about 30 kilometres wide at its narrowest point. It is situated between Yemen on the Arabian Peninsula to the northeast and Eritrea and Djibouti in Africa on the west.
Its name literally means “Gate of Tears” in Arabic, after its famously treacherous sailing conditions.
It has become so important because, along with the Suez Canal in Egypt, it allows ships to transit directly between the Mediterranean Sea and the Indian Ocean by passing through the Red Sea and the Gulf of Aden.
Before the Suez Canal’s opening in the 19th century, ships had to travel all the way around the southern tip of Africa to join these two points.
An oil tanker leaving Saudi Arabia to go to the Netherlands, for example, only has to travel 12,000 kilometres if it goes via the Red Sea, compared with more than 20,000 kilometres going south around Africa.
As you’d expect, that’s much faster too. According to the US Energy Information Administration (EIA), a trip between the Arabian Sea and the Netherlands that takes 34 days the long way around is shortened to just 19 days.
Detailed data on what passes through the Bab el-Mandeb Strait is somewhat limited. But fossil fuels are a major component.
The International Energy Agency (IEA) estimates that in 2025 about 4.2 million barrels of crude oil and petroleum liquids crossed the Bab al-Mandeb Strait per day. That’s about 5% of global production.
Given most ships use the Suez Canal as well, official data from the Suez Canal Authority allow us to paint a detailed picture of Red Sea shipping.
In the final quarter of 2025, about 40% of the 3,426 ships passing through the Suez Canal transported fossil fuels: (1,330 oil tankers, 88 liquefied natural gas (LNG) ships).
Bulk and general cargo made up another 40% (1,339 ships), typically transporting agricultural commodities such as corn, wheat and soybeans, and also coal and iron ore. Container ships made about 13% of the traffic (459 ships).
Notably, total traffic through the Red Sea has declined considerably since Houthi attacks on shipping in late 2023 and 2024, even though these attacks have largely stopped.
The Bab el-Mandeb Strait can’t be “closed” entirely. Its narrowest point is still a considerably wide waterway. And unlike the Strait of Hormuz, the Bab el-Mandeb Strait is not a “cul-de-sac”, where the passage is closed at one end with only one way out. Ships can still exit to the Mediterranean via the Suez Canal.
That’s little comfort for those bound for Asia, which would then have to round Africa to do so, adding weeks to the journey.
Notably, Saudi Arabia had already built a “Plan B” to avoid the Strait of Hormuz, called the East-West pipeline. This pipeline connects Abqaiq in the north with Yanbu on the Red Sea, and had already begun pumping oil at almost full capacity in response to the conflict.
But oil bound for Asia from this new exit point still has to pass through Bab el-Mandeb to avoid the long way around, meaning it could be disrupted.
We’ve been here before
To get a sense of how the Houthis could disrupt shipping again, we can look to the most recent Red Sea crisis.
According to the International Maritime Organization (IMO), 67 incidents were recorded between November 2023 and September 2024. Some ships only suffered minor equipment damage. But others faced severe fires, flooding and structural damage after being hit by missiles or drones.
However, there have been relatively few attacks since 2024. And the strait was never totally “closed” per se: some ships continued to pass through throughout the crisis.
These same tactics would probably apply today. But for shipping companies, the mere threat of attacks may be enough to slow or restrict shipping. There are significant risks to civilian crew, who face a threat to life.
Adding to this, insurance costs could become prohibitive enough to close the route in practical terms. Back in 2024, insurance costs were about 0.6% of the value of the cargo on a ship. After the Red Sea crisis, this rose as high as 2%.
The effective closure of both the Strait of Hormuz and Bab el-Mandeb at the same time would be severely disruptive to global supply chains and the global economy.
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,andChief Executive Officer ofPhancy 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.
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.
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.
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:
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.
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.
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.
A discerning client engagement with a refined exclusive four-hand dining experience crafted by acclaimed “Culinary Class Wars Season 2” Chefs
HONG KONG SAR – Media OutReach Newswire – 31 March 2026 – DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) today unveiled DBSARTable 2026, marking the return of its signature exclusive experience for discerning wealth clientele. Building on the resounding success of its inaugural year, DBS ARTable 2026 offers an elevated exploration into the profound intersection of art, wealth and legacy, fostering an enriching dialogue for those who appreciate both artistic expression with sophisticated gastronomy.
DBS Hong Kong today unveiled DBS ARTable 2026. (From left) Jun Lee, Executive Chef of SOIGNÉ; Sebastian Paredes, Head of North Asia and Chief Executive Officer of DBS Hong Kong; renowned actress Karena Lam; and Nara Yun, Owner & Chef of Yunjudang.
DBS ARTable 2026 brought together art and gastronomy to illuminate the growing relevance in wealth strategies. The event opened with an insightful dialogue between Sebastian Paredes,Head of North Asia and Chief Executive Officer of DBS Hong Kong, and renowned award-winning actress, ceramicist and art curator, Karena Lam. Their captivating discussion highlighted the booming global art market and the rise of cross disciplinary creativity. Their exchange also delved into the profound significance of art from different perspectives, from cultural appreciation to legacy planning.
Sebastian Paredes, Head of North Asia and Chief Executive Officer of DBS Hong Kong said, “At DBS, we believe the true wealth extends far beyond mere financial metrics and numbers; it encompasses culture and the legacy. The Chefs have crafted dishes inspired by artistic concepts, transforming ideas into flavours, and stories into edible experiences. ARTable is conceived as more than just an exclusive event; it is a platform where creativity, gastronomic and personal expression converge, inviting our clients to explore new perspectives on taste and style.”
The highlight of the evening is the extraordinary 4-hand dining experience, a collaborative masterpiece by Chef Jun Lee and Chef Nara Yun. Chef Jun Lee, known for his innovative approach to Korean cuisine, presented a special dumpling dish paired with gim, a Korean seaweed sauce. This dish was inspired by the “Black and White” concept from “Culinary Class Wars”. On the show, the line between two sides—black and white—was where the most exciting moments and represented the golden moment everyone always seek. Complementing this, Chef Nara Yun introduced her Hondonju, a meticulously self-brewed drink inspired by an ancient Korean tradition of blending spirits, designed to perfectly enhance the delicate textures and savoury depths of Chef Lee’s creation. This unique culinary collaboration promises an unforgettable exploration of taste and artistry for DBS’ esteemed clients.
Further enriching the artistic journey, DBS Private Bank, in partnership with Christie’s Hong Kong, presented the “Dialogue Beyond The Senses” art exhibition. This exclusive showcase featured contemporary masterpieces by renowned artists such as Yayoi Kusama, Hilary Pecis and Fernando Botero, offering attendees a unique opportunity to immerse in diverse artistic expressions.
DBS ARTable, presented by Tatler, is a flagship initiative under the bank’s “DBS Culinary Delights”, a programme dedicated to offering DBS’ wealth clients unparalleled access to elevated cultural and gastronomic experiences.
SEOUL, SOUTH KOREA – Media OutReach Newswire – 31 March 2026 – Jungheinrich, a global leader in electric material handling solutions, announced today, its participation in KOREA MAT 2026 from 31 March to 3 April 2026, where it will debut its expanded portfolio and introduce AntOn by Jungheinrich to the Korean market for the first time.
The showcase represents a key milestone in Jungheinrich’s growth strategy in Korea, as the company strengthens its investment in the market. KOREA MAT 2026 will provide a platform for Jungheinrich to demonstrate how its dual-brand strategy, combining premium, high-performance solutions with value-focused offerings, addresses the evolving needs of Korea’s logistics and manufacturing sectors.
At the centre of this strategy is AntOn by Jungheinrich, a new value-focused brand designed to support cost-efficient and reliable solutions for everyday operations. The brand complements Jungheinrich’s premium portfolio, enabling customers to select solutions aligned to different operational requirements and budgets.
At Hall 9, Stand 9F301, Jungheinrich will showcase a selection of AntOn by Jungheinrich trucks alongside its premium Jungheinrich electric forklifts, reach and pallet trucks, safety and lithium‑ion energy systems together with automation and warehousing digital displays.
The initial AntOn by Jungheinrich lineup for Korea includes CBH 2.0 and CBM 2.5, 3.0, 3.5‑tonne lithium‑ion counterbalance forklifts, offering travel speeds of up to 17 km/h and advanced battery systems for long operating hours and rapid charging. The PTL 1.5 lithium‑ion pallet truck provides 1,500 kg capacity and the option for a second battery slot for continuous operation. The AntOn portfolio will continue to expand toward a full product range.
“With over 70 years of global expertise, Jungheinrich continues to lead in high‑tech, fully electric and automated material handling solutions. Korea is a key growth market for us, and the launch of AntOn by Jungheinrich expands our ability to support customers and partners with reliable, value‑focused options alongside our premium solutions,” said Benedict Kothe, Managing Director, Jungheinrich Singapore, Malaysia, Korea and Partners.
“KOREA MAT 2026 is the ideal platform for us to demonstrate our commitment and strengthen partnerships across the country.”
Jungheinrich is also inviting new distributors to join the AntOn distributor network across Korea, complementing its existing partner ecosystem and widening access to value‑focused solutions.
“As AntOn by Jungheinrich enters the Korean market, we welcome new distributors who want to represent a reliable, value‑driven brand backed by Jungheinrich’s global expertise and service support. We invite interested distributors to meet our team at KOREA MAT and explore the opportunities ahead,” said Peter Yim, General Manager, Jungheinrich Korea.
Throughout the exhibition, Jungheinrich will host customer engagements, distributor discussions and meetings with industry and government stakeholders, providing opportunities to explore collaboration and business opportunities.
For more information on Jungheinrich Korea, please visit: www.jungheinrich-korea.co.kr.
Interested in becoming an AntOn distributor? Please contact us directly at marketing@jungheinrich-korea.co.kr.
“I have deep sympathy for diesel users because diesel is the fuel globally that has been most disrupted by the Middle East conflict,” the Finance Minister says.Samuel Rillstone/RNZ
Nicola Willis has ruled out reducing the cost of road user charges to give some reprieve to diesel users.
The price of diesel has increased so much in the past week, as a result of the Middle East conflict that has pushed up the price of oil, that it’s now the same price as 91 unleaded petrol.
While the government excise tax is part of the price of petrol, diesel users pay their tax through road user charges (RUCs).
With diesel now on a par with petrol, the additional cost of RUCs has pushed the price of operating a diesel vehicle well beyond that of a petrol car.
The Finance Minister told RNZ on Tuesday she has sympathy for diesel users but there are no plans to reduce the price of road user charges.
“We’ve chosen not to take that measure,” Willis said.
“What we’ve said as a government is doing that, having a reduction in that tax, it would not be temporary, timely, or targeted.
“In fact, it would most likely benefit those on higher incomes and higher fuel users more, and it would potentially directly contradict other measures where we’d have to move into another response phase where we’re trying to encourage people to use less fuel,” she said.
For now the government has chosen to supplement the incomes of families with young children on lower incomes, “and we stand ready to offer other forms of support should we judge them to be prudent, timely, and necessary,” Willis told RNZ.
“I have deep sympathy for diesel users because diesel is the fuel globally that has been most disrupted by the Middle East conflict.”
Willis said the decision not to reduce excise tax came down to a matter of fairness.
“We have a fairness principle in New Zealand that road users contribute equally to the maintenance and funding of roads. We have a different mechanism for achieving that for petrol users from diesel users, but if we were to do something for diesel users, petrol users would fairly ask why they’re not getting it.”
Diesel costs were causing hardship for a lot of families, firms, contractors, and agricultural businesses, Willis said, “and I hear them loudly”.
While she’s ruled out reducing the price of road user charges, Willis told RNZ her focus would remain on ensuring diesel continued to be available and that New Zealand contributed to global efforts to see the price of diesel stabilise in the future.
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The Connemara was scheduled to depart Wellington at 8.30pm, but it has now canned the service (file photo).RNZ / Bill Hickman
Bluebridge have once again cancelled a scheduled Connemara sailing not far ahead of its departure, but it says the ship’s fault is fixed and it will back in service tomorrow.
The Connemara was scheduled to depart Wellington at 8.30pm, but it has now canned the service.
But Bluebridge said repairs to address the ongoing technical fault had been completed and the ship is expected to resume services at 8.15am tomorrow.
StraitNZ Bluebridge spokesperson Will Dady said sea trials to test the repair were being conducted today.
“We’d like to say thank you to our freight customers and passengers for their patience and apologise again for the disruption to their travel plans over the past week or so,” Dady said.
Passengers vent frustration at short notice cancellations
It has been 10 days since the Connemara was side-lined due to a technical fault.
Since then RNZ has been contacted by numerous passengers frustrated by the incremental notifications offered by the ferry provider – which in some cases saw people travelling significant distances to make sailings which were subsequently cancelled.
Today Bluebridge’s Will Dady acknowledged the impact on customers caught up in the disruptions.
“We do everything we can to give passengers as much notice as possible while still being able to manage the volume of passengers we are working one-to-one with to reschedule or refund. But we understand rolling cancellations can be frustrating for those that prefer longer lead times,” Dady said.
Maritime NZ detain Connemara following inspections
On Monday evening Maritime NZ announced that a “Port State Control Inspection” of the ship conducted ahead of the weekend had led the waterways regulator to detain the ship in berth at Wellington.
“Once the issues have been rectified and checked and approved by its classification society surveyor, its flag state (Bahamas), and our inspectors, we will remove the detention,” a spokesperson said.
RNZ has requested details of when the detainment notice would be able to be lifted from Maritime NZ.
Bluebridge notifications placing additional pressure on passengers
Destination Marlborough’s Tracey Green said the regional tourism organisation had met with Bluebridge today to discuss the cancellations and the upcoming Easter holiday.
She said the ferry providers’ communications had fallen short of expectations.
“It’s fair to say that Bluebridge hasn’t delivered the same level of information or service that we expect from them.
“So it has placed that additional pressure on passengers not knowing or finding out in a time frame that’s not really suitable for them that they could find alternative arrangements,” Green said.
Last week Bluebridge apologised “unreservedly” for the disruption but the company was yet to elaborate on the nature of the fault, just that it was taking longer than anticipated to fix.
Notifications on the Bluebridge website directed customers to their online Refunds and Compensation page for any claims relating to the cancellations.
The ferry provider had assured Destination Marlborough they were doing all they could to have sailings back on schedule in time for the Easter break, Green said Tuesday.
“They are trying hard to ensure that there’s no disruption over the Easter period and that’s the main priority.
“My discussions with them regarding priorities is ‘Is Easter going to be seamless?’. Are we going to see that there’s no disruption because Easter can be a really difficult time with people going to see family and travelling between Islands.
“I would like to say that it is a definite but, however, I have to leave those decisions in their hands because there is a lot of work going on between now and Easter – and it’s only a short window – but we have been assured, as best as we can, that Easter will be operational,” Green said.
A silver lining to the ship’s failure was that some travellers might have got to spend a little more time in the region but she was wary of that experience being tainted by the frustration over cancellations and delays, Green said.
“The biggest challenge for us in our region is the perception of the reputation of these ferries. These connecting transport providers – are in some cases lifelines to both of these islands – and when people choose not to utilise them it impacts the communities that surround them.
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Parents told RNZ the drug would be life-changing, and could potentially double some children’s life expectancy.
Associate Health Minister David Seymour, announcing the change on Tuesday, said doctors would use their clinical judgement to prescribe these medicines to any patient who would benefit.
He said parents of children under six would no longer have to choose between delaying treatment until their child was old enough, paying hundreds of thousands of dollars a year for treatment, or moving overseas.
“Cystic fibrosis can cause harm very early in life, so waiting to meet age-based eligibility criteria is not an option,” Seymour said.
“We’re making the system work better for the people it serves. When people can access their medicines easily, they stay healthier for longer. It also reduces pressure on other parts of the health system.”
The changes in a nutshell, starting 1 April
Widen funded access to Trikafta for all children with eligible diagnosis (currently only funded for children six years and older)
Widen funded access to Kalydeco for everyone with eligible diagnosis
Fund access to a new treatment, Alyftrek
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Members of the Fired Up Stilettos group at a 2023 protest at Parliament.Fired Up Stilettos / Supplied
The Green Party says its decision not to select a former sex worker as a candidate has nothing to do with her background.
Sex worker advocacy group Fired Up Stilettos’ chairperson Bianca Beebe was not selected this year, with the group in a statement claiming the vetting process fixated on her former job, and that she was told it posed a reputational risk to the party.
“Much was made of her having previously advertised sex work online, and they asked how she would feel if the opposition found archives of those now-deleted photos,” the statement said.
“She quipped ‘all of my advertising photos were great, so it would be pretty funny to have people attempt to shame me by sharing photos of me looking amazing’.
“She pointed out that lots of adults-in and out of Parliament-share nude photos with other consenting adults, but that hadn’t prevented anyone else’s candidacy. The committee chair furiously erupted, ‘Who? Who is sharing nudes?’.”
The group said the Greens’ selection process included an intial interview, followed by an email with 28 questions, 21 of which related to sex work, and a subsequent interview with the party’s candidate committee.
The statement says the committee chair expressed concern about Beebe’s sex work past and activism would distract from the party’s messaging goals, including Beebe having done sex work while on a work visa.
But co-leader Marama Davidson has disputed those claims.
“We have always and will always continue to advocate for sex workers, for the role that sex work advocacy groups play in this country.
“Yes, we have criteria that keeps our party, the kaupapa and the applicant safe. The final thing, the process is confidential but we want to make it clear that there was no relationship to a sex worker background in the party’s decision on this.”
She said the party was not “at all” concerned about Beebe’s background, or that she may have been working illegally, or that political parties could use that to attack them.
“There are so many different reasons to make sure that candidates and applicants are ready to face the pressure of government, but I’ll be clear again, the sex worker background of the applicant did not have any bearing on the final decision.”
The Green Party’s candidate selection process has been changed ahead of the coming election after a series of personnel problems.
“We have had a new robust process come in and that process upholds the long-standing political positions and values of the Green Party. The bold and courageous positions we have taken when it comes to advocating for sex workers rights, when it comes to advocating for crime prevention, for example,” Davidson said.
“It is a process that better prepares and keeps candidates and the party safe.”
She refused to say why Beebe had not been selected, saying that was confidential – but it was not her past as a sex worker.
Te Whakaruruhau o Ngā Reo Irirangi Māori o Aotearoa chairperson Peter-Lucas Jones.Supplied
The national Māori radio network, Te Whakaruruhau o Ngā Reo Irirangi Māori o Aotearoa, is considering litigation over a potential loss of government funding which it says threatens the survivability of iwi radio stations.
Chairperson Peter-Lucas Jones (Ngāti Kahu, Te Rārawa, Ngāi Takoto, Te Aupōuri) – who was also chief executive of far North iwi broadcaster Te Hiku Media – told current affairs series RUKU Māori radio is a right under Te Tiriti o Waitangi, not a government handout.
Recent and proposed actions targeting iwi stations, implemented primarily through Te Māngai Pāho (TMP), disregarded the treaty and exposed the Crown to credible legal risk, he said.
“This issue is not about resisting change, iwi radio stations have themselves funded transitions to digital platforms and new media without Crown support.
“The issue is whether the Crown can, through an intermediary, dismantle a treaty remedy without Māori consent.”
There were more than 20 iwi radio stations across New Zealand, from Te Hiku in the North to Tahu FM in the South.
Stations received funding through Te Māngai Pāho to promote Māori language and culture.
TMP currently had $16 million of time-limited funding, equal to almost 25 percent of their total annual funding, which was due to expire on June 30.
While 2026/27 appropriations would not be confirmed until the Budget announcement in late May, Te Māngai Pāho said the impact of this funding loss would be felt across the whole Māori media sector.
“Te Māngai Pāho is consulting with the Māori media sector, including iwi radio, on the future of our funding allocations. We have requested feedback to understand how any reduction of funding will be felt across the sector.
“Feedback will inform the board’s final decisions around funding allocations. We understand that the stability of iwi radio stations and content creators is threatened by this funding cut.”
Jones said iwi stations unanimously agreed at a special general meeting they would not accept any decrease in funding and would consider legal action in response to any cutbacks.
“Decisions taken by TMP that materially affect iwi radio funding, structure or autonomy remain Crown actions for treaty purposes.
“The Crown cannot discharge its Treaty obligations by delegation and then rely on that delegation to insulate itself from responsibility.”
The iwi radio network said it had been grappling with a wide range of issues including, rapidly changing audience expectation and emerging technologies, numerous siloed media outlets and an inadequate investment in workforce development affecting the ability to grow and retain a skilled workforce.
The be quiet sign at Wellington station Te Ūpoko o te Ika.RNZ / Te Aniwa_Hurihanganui
Minister for Māori Development Tama Potaka said Māori media, including iwi radio, played a critical role in supporting te reo Māori revitalisation and connecting whānau and communities across Aotearoa, shaping public understanding by sharing Māori stories and te reo directly with whānau.
He said no final decisions had been made through the consultation between TMP and the Māori media sector and it was premature to confirm impacts on funding levels, services, or jobs, including claims about specific percentage reductions.
“Earlier financial support of $16 million in time-limited funding was put in place under the previous Government and is now coming to an end. The current consultation process is focused on how best to manage that transition within existing funding.
“As Minister, I do not direct or intervene in Te Māngai Pāho’s operational funding decisions. Those are matters for the board.”
Potaka said the Crown’s role was to ensure a strong and sustainable system for te reo Māori revitalisation.
“I expect the consultation process to reflect the importance of Iwi radio and the role it plays in communities across the country, while ensuring funding is used effectively to deliver high-quality content on platforms that meet audience preferences.
“Māori media entities continue to adapt to changes in funding and audience behaviour, and I expect decisions to prioritise value for money while supporting strong te reo Māori outcomes.
“Any organisation is entitled to raise concerns or seek legal advice. However, there is an established independent process underway, and it is important that process is allowed to run its course.”
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