PM Edition: Top 10 Business Articles on LiveNews.co.nz for June 11, 2026 – Full Text

Source: New Zealand Government

Well, a very good morning, everyone. It is wonderful to be here, and thank you so much to Simon Bridges and the Auckland Business Chamber for hosting this event. And thank you so much to everyone who is taking the time to be here.

I am pleased to share today some of my perspective as the Minister for Energy, and to set out how the government is working to make New Zealand a country where electricity is abundant, affordable, and reliable. Everyone here appreciates the role reliable energy plays in an economy. It fuels the businesses and industries on which jobs depend, and it keeps our houses warm and the lights on.

The government’s vision is simple. We want abundant, affordable, and reliable energy for all New Zealanders, and an energy system that is increasingly renewable. That means an electricity system that is not just building generation to meet demand, but building it to fuel economic growth.

A system that provides households with affordable energy, a system that pulls businesses up to compete with our trading partners instead of pushing them down with high costs, and a system reliable enough that industry can plan with confidence, because nothing undermines confidence like uncertainty.

Put another way, while the electricity and gas sectors directly contribute around 2% of GDP, that 2% underpins the other 98%. That places a heavy responsibility on everyone in the sector to understand how their decisions ripple through the wider economy.

This morning, I will leave you with three things.

First, why New Zealand needs a firm backup for the dry years, and why an LNG facility. Second, that our procurement of that facility is progressing, with two providers now shortlisted, and that we are working through how we can pay for it. Third, that we are putting a lasting obligation on the gentailers to manage the dry-year risk themselves, so we are never again left exposed in the way we were in 2024.

But first, let us consider the strong starting position we find ourselves in as a country. New Zealand is on track to have 95 to 98% renewable electricity, and the fourth quarter of 2025 was 96.4% renewable, the highest ever recorded.

Thanks to this government’s quick work to cancel the Lake Onslow project, secure the future of the Tiwai Point Aluminium Smelter, and launch the Electrify New Zealand programme, we have restored investment confidence and accelerated renewable generation. The volume of new generation built between 2023 and 2025 was double the volume built in the previous eight years. Make no mistake, this is a government committed to renewable energy.

New wind farms, new solar farms, geothermal power stations, and batteries are all coming online quickly. We have a renewables boom underway in our country right now.

However, there remains a large shadow over what is otherwise a bright picture. It is a shadow that keeps investors who depend on high-volume, low-cost power waiting on the sidelines instead of expanding. It turns electricity into an inhibitor of growth rather than a fertiliser of it, and it holds back new generators from entering a market still dominated by the four big gentailers.

That is because much of the new renewable energy being built is intermittent by nature and needs a backup for those winters when the lakes are low, the wind is not blowing, the sun is not shining, and geothermal cannot meet peak demand. This is the so-called dry-year scenario. 2026 is not likely to be one, but 2024 was.

It was only two years ago, and I was the Minister of Energy then, as I am again now. MBIE advises me that in a dry year, the shortfall we need to cover is around three terawatt hours over three months.

Assuming that coal can fill 1.5 terawatt hours, thanks to the Huntly Firming Options that have been put in place, this leaves a remaining 1.5 terawatt hours to cover. This is not a gap that you can plug with a few days of stored water or a handful of batteries. It is a sustained gap lasting weeks and months, and something has to fill it.

Our electricity market performs well in average conditions, but it does not reward investment in the firm capacity that is used only in rare, high-impact dry years. This is a market failure identified by Frontier Economics in its recent review. The previous government did not address this, leaving us increasingly exposed as gas declined.

Their one idea, a $16 billion lake at the bottom of the South Island that would not deliver a single kilowatt of electricity until 2037, was no answer then, and is no answer now. The result is a risk premium of $30 to $50 per megawatt hour, sitting in forward prices, borne by every household and business up and down our country.

People have been paying for the dry-year risk, even in the years where there has not been a dry year, and when a dry year does eventuate, we see an even more extreme impact on prices. In 2024, a moderate dry year, gas constraints meant gas-fired generation could not fully run. Coal ran at its maximum, and spot prices exceeded $800 a megawatt hour.

The New Zealand aluminium smelter cut production, and some businesses shut their doors for good. We call this demand destruction, but that clinical phrase hides what it really means. It means workers losing shifts and then losing jobs, a family in a regional town watching the plant that paid their mortgage fall silent, and a business that someone spent decades building gone in a single spell of bad weather.

This is not an outcome that the government accepts. We believe in markets, but we also believe in the responsibility of government to protect New Zealand’s economy and its families from the brutality of some market outcomes when sensible interventions can avoid them.

Compounding the dry-year risk, the backstop we have relied on has been a combination of coal and natural gas, and as gas supplies dwindle, soon that will become less of an option. Six major gas fields that provide 98% of our gas supply are in sharp decline, with the Maui field expected to cease producing later this year.

This creates problems across industry, but its effect on the electricity market is acute. If Maui ceases, it is expected that Methanex will exit with it, and with it the ability to temporarily shift gas from industry to electricity generation during a dry year would go. That was the very mechanism that kept the lights on in 2024.

Some will ask why we simply cannot burn more coal. The answer is that our coal generators can only deliver around half of what we might need in a dry year. In 2024, in what was only a moderate dry year, Huntly was running at capacity, coal was at its maximum, and prices still climbed over $800 a megawatt hour.

Coal-based electricity is limited by the capacity it can produce through the Rankine units at Huntly, and we cannot build more Rankine units quickly. So, in a deeper dry year, coal cannot come close to covering the gap.

Worse still, the gas-fired plant that would normally pick up the slack would sit idle for want of fuel. We would have generators, but not the gas to turn them on.

Our coal capacity at Huntly is also finite and ageing. Some would describe running Huntly as something like the government flying Boeing 757s for our Prime Minister, necessary but unreliable.

The numbers confirm what is at stake. Last year, high energy prices cost the economy $5.2 billion. The risk of a dry year is priced into every power bill, driving costs up and incomes down.

You cannot run an economy on weather forecasts. Dry-year risk should not define our electricity system, but it is starting to do exactly that. New Zealanders deserve better, and under this government, they will get it.

Looking ahead, the next dry year, which is expected on average every four years, will arrive with even less gas, and eventually, with the loss of Methanex, this will mean no large-scale ability to shift gas from industry to electricity. MBIE analysis is clear that without a circuit breaker, prices would rise, stay elevated for longer, and reach well beyond 2024 levels.

That is why the decision is urgent and not something we can leave for the next parliamentary term or the one after that. The next dry year could arrive as soon as 2028, the very same year an LNG facility could support generation.

A decision delayed is not a decision postponed. It is a decision to face the next dry year with no backup at all.

We do not get to choose when the wind drops and the lakes run low. We only get to choose whether we are ready.

With declining gas, the choices are stark. Either gas is taken from industry, forcing large and small gas users to close, with production shutdowns, job losses, and lost exports, or gas is not prioritised for electricity, and wholesale prices reach extreme scarcity levels, with a real risk of a conservation campaign, where many users may be forced to shut down.

Either path imposes economy-wide costs, feeding inflation and doing lasting damage to confidence. That is why every other OECD country without enough of its own indigenous gas has secured access to imports through LNG terminals or through pipelines.

With indigenous gas dwindling, New Zealand is the outlier, and I put it to you, you cannot be a serious first-world country without access to the natural gas needed to fuel the economy. Modelling from MBIE suggested that, against a scenario of middling gas supply and rising gas prices, an LNG terminal that caps gas prices would leave GDP $1.2 billion better off a year by 2035, and would save up to 4,900 jobs by 2032.

As you know, the government has been procuring an LNG facility to act as that backstop. Today, I can announce that we have shortlisted two providers, both at Port Taranaki and both with global expertise in building LNG facilities. Having carefully weighed the impact of the conflict in the Middle East, we have concluded that, even so, LNG remains the cheapest, most flexible, and fastest solution to the dry-year problem this decade, given the dramatic reductions, and further forecast reductions, in indigenous gas supply.

I want to make four points clear. First, importing LNG as a firming fuel is not a retreat from our commitment to renewable energy. It supports it.

Second, LNG will not replace renewables. It is the transitional tool that lets the system become overwhelmingly renewable without outages, price spikes, and economic shocks. It will help more wind and solar get built, because developers know there is a reliable backup when the weather does not cooperate.

Third, the outlook for LNG supply is positive. 2026 was already expected to begin a period of global oversupply, and the International Energy Agency expects new supply this decade to far outweigh any disruption in the Strait of Hormuz. Future prices for 2028 and 2029 remain consistent with our decision to proceed.

Fourth, consider the counterfactual without LNG. New Zealand faces domestic gas prices that PwC forecast could reach $31 per gigajoule as supply declines, alongside costly shortages. A diversified gas supply helps keep electricity prices down.

MBIE, after taking expert advice, assessed 11 options for dry-year cover and shortlisted five, each capable of delivering 1.5 terawatt hours of cover annually. The electricity sector has yet to convince government that no dry-year risk exists, and government needs absolute certainty in this regard, given the costs to our economy and the impacts on New Zealanders.

LNG was selected over the rest because it offers four things. First, speed, supporting generation from 2028, in time for the dry year if it hits that very year. Second, lower prices, with dry-year cover at around $200 to $250 a megawatt hour that could materially reduce wholesale future prices.

Third, flexibility, to manage unpredictable dry years without locking us into new long-lived assets, such as building Rankine units. And fourth, system-wide benefits, providing gas to industrial users for the longer term.

MBIE advises that LNG remains the most cost-effective option, and that since the announcement on 9 February, forward prices for 2028 and 2029 have already fallen by around $20 a megawatt hour. That is worth around $800 million a year to the economy in electricity costs alone, while giving manufacturers, growers, and bakers the gas they need to keep operating as they invest in longer-term solutions, saving jobs in the process.

It is worth weighing LNG against the alternatives others have put forward. Some have suggested simply burning more diesel. While this was the next best option identified, diesel would cap prices at around $550 a megawatt hour, more than twice the cost of LNG.

It would do little for forward prices, and would also consume around 27% of our country’s daily diesel needs. In terms of batteries and other types of storage, whilst these can provide for intraday peaks and are improving, they do not provide for the long-duration winter peaks, the winter dry-year problem that we are dealing with.

Ultimately, the government has decided, on the evidence before us, to procure an LNG import terminal. New solutions may emerge over time, but we need to act now, and quickly, to give Kiwis the confidence the problem can be solved.

The next question is how this will be paid for. The government is now working through the detail of how this facility will be paid for, but Kiwis can be certain of one thing today, and that is it will not be funded by a levy on their power bills.

We have been clear that responsibility for managing dry-year risk sits with the sector. As the largest players, the gentailers have particular responsibility to ensure New Zealand has secure and affordable energy at all times, including in dry years. That principle, keeping the lights on, sitting with the electricity sector, is what will guide the decisions on funding.

I have asked the Ministry of Business, Innovation and Employment, and the National Infrastructure Funding and Financing Company, to work with the gentailers on a fair funding model. We will have more to say in due course. It would prioritise access to LNG for dry-year generation, but include a user-pays element, so that industrial users can pay to access gas, reducing the cost to the electricity sector and protecting jobs.

My message to the gentailers is clear. The alternative to LNG is the deindustrialisation of New Zealand businesses, either by taking their gas and shutting them down, or by pushing electricity prices sky high in a dry year, because there is no alternative. We saw that in 2024, and we will not stand by and let our industrial base become the collateral damage of an insecure market.

I want New Zealand exporting our goods, not our jobs, and our electricity market has a critical role in making sure that is the case. While negotiations are underway, Cabinet has agreed to develop a regulatory backstop should these negotiations not succeed.

What I can tell Kiwis is this. The job of managing the dry-year risk belongs to the gentailers, and we will make sure they take it on. What it will not be is funded by a levy on the power bills of ordinary New Zealanders.

Finally, while LNG secures the fuel to manage dry-year risk in the medium term, there is a need to get ahead of the dry-year risk and, once and for all, fix the foundations of the market. To do that, the system needs to identify dry-year risk earlier, and needs stronger incentives so the market invests in the firm capacity and fuel we need, and it needs better tools to manage risks as they evolve.

Today, I can also announce that Cabinet has agreed to strengthen the dry-year regulatory framework by giving the Electricity Authority a broader role in managing, monitoring, and responding to dry-year risk, improving information and reporting, and updating existing risk-management tools, all of which will ensure the system does a better job and delivers better outcomes for New Zealanders. The government will be changing the law to make managing the dry-year risk one of the key requirements of the Electricity Authority.

The Ministry of Business, Innovation and Employment has also started consultation on a new reliability obligation, which will be placed on the major gentailers. The obligation is designed to ensure the electricity sector addresses dry-year risk instead of consistently leaving the system on the edge. When Transpower’s modelling indicates emerging dry-year risk, the obligation will kick in, backed by strong penalties for non-compliance.

The obligation will sit on the retail side of the gentailers’ business over the long term, to ensure that they have firm capacity contracted over the long term, and the obligation will also sit on the generation side in the short term, to ensure they have the fuel to back up the eventuality of a dry year, as previously agreed by Cabinet.

The government is also increasing penalties for serious rule-breaking from a maximum of $2 million to up to $10 million, or three times the commercial gain, or 10% of the company’s turnover, whichever is the greatest. Power companies, in particular the gentailers, need to face real consequences if they do not meet their obligations.

This will ensure there is enough investment in firming, such as backup winter generation and secure fuel supply, which will obviously make the system more resilient. It will also deepen hedge markets, enable more retailers and generators to compete, and that competition in turn will support more renewable generation and help deliver abundant, affordable electricity.

I encourage the electricity sector to engage with the consultation, which has been launched today, and to share its views.

In closing, let me return to the three things I came here to say. First, New Zealand needs a firm backup for the dry years. An LNG facility is the fastest, cheapest, and most flexible way to provide it.

Second, that facility is being procured now, with two providers shortlisted, and we are working through how it will be paid for, though I can assure you, not through a levy on power bills. Third, we are placing a lasting obligation on the gentailers to manage this risk, so the country is never again left where it was in 2024.

The stakes only rise from here, as our homes, our cars, and our businesses come to run more and more on electricity, and as our electricity system becomes more renewable, we need to make sure we get this right. For too long, the investment needed to secure the system has not been made, and this government is making the decisions necessary for the future of our electricity system.

We intend to keep the lights on, keep the bills down, grow jobs and opportunities here in New Zealand, and deliver abundant, affordable, reliable energy for all New Zealanders. 

Thank you very much.

Original source: https://nz.mil-osi.com/2026/06/10/energy-speech-to-auckland-business-chamber/

Source: New Zealand Government

More than $5.3 million in Māori Development Fund investments are helping grow Māori-owned businesses, create jobs, strengthen regional economies and expand export opportunities across New Zealand, Māori Development Minister Tama Potaka says.

The investments support horticulture and aquaculture developments in Hawke’s Bay, Raupunga and Akaroa, aligning with the Government’s Going for Growth with Māori | Tōnui Māori framework and the overarching target to double exports within a decade.

“Iwi and Māori in the primary sector make significant contributions to New Zealand’s economic success. These investments are helping Māori businesses grow, create jobs, increase productivity and build long-term prosperity for their communities.”

Renewable energy will play a key role in intergenerational Māori business Parininihi ki Waitōtara Incorporation, increasing its ability to invest and diversify its asset base with renewable energy infrastructure using a mixed land-use whenua model. 

“Contributing to this energy initiative will support the business to unlock further potential of the whenua and open opportunities for the region to boost infrastructure, creating opportunities for reconnection, learning, and skills development,” says Mr Potaka.

“Parininihi ki Waitōtara Incorporation has demonstrated renewable energy is a viable pathway for the company to create enduring value for their shareholders and wider Taranaki Māori especially given the oil and gas ban under the previous government.

“The Government is investing in various renewables projects and this initiative has the potential to generate enough electricity each year to power more than 8,500 homes. It also opens the door for a transition to clean energy for regional manufacturing businesses, while creating job opportunities in the construction and maintenance of the facility.”

In Hawke’s Bay, the Māori Development Fund is investing $2.6 million in Hineuru Orchards to support new protective infrastructure and orchard improvements.

The investment will help protect high-value crops from weather-related events and bird damage while supporting business plans to expand exports into Asian markets.

“Hineuru Orchards is already the largest cherry grower in the North Island. This investment will help increase production, improve resilience and support future export growth.”

In Akaroa, the Māori Development Fund is investing $1.5 million in Akaroa King Salmon to support infrastructure upgrades that will enable the business to scale production and meet growing international demand.

Akaroa King Salmon, a partnership involving Ōnuku Rūnanga and Ngāti Porou, expects the investment to support the creation of around 50 new jobs and significantly increase export revenue over the next three years.

“Akaroa King Salmon has built a world-class reputation for premium products and sustainable production. This investment will help unlock further growth and strengthen New Zealand’s export economy.

“When Māori businesses succeed, local communities benefit through new jobs, increased incomes, stronger regional economies and greater opportunities for future generations.

“These investments are helping unlock the potential of collectively owned Iwi and Māori assets, and supporting long-term growth across New Zealand. This Government backs Iwi and Māori to succeed and help to grow the New Zealand economy.”

Original source: https://nz.mil-osi.com/2026/06/10/maori-development-fund-backing-growth-jobs-and-exports/

Source: Media Outreach

• Dual-use technology approach on target – establishing new areas of business based on core expertise boosts strategic diversification
• Strong partnerships – new Memorandum of Understanding to be announced at ILA between ONBERG and Ukrainian company
• Core business stable – global positioning ensures robust development and underlines market leadership
• Focus on efficiency – cost base streamlined and competitiveness strengthened
• Financial year 2025/2026 – EBITDA margin down on previous year, while sales and net result after taxes improve
• Outlook for financial year 2026/2027 – challenging geopolitical environment, systematic expansion of HEIDELBERG Technology growth segment

Strong partnerships – new Memorandum of Understanding to be announced at ILA between ONBERG and Ukrainian company

By systematically building up its defense business, HEIDELBERG has established a further new mainstay alongside its e-mobility subsidiary Amperfied. One example of this strategy in action is ONBERG, a joint venture with the US‑Israeli technology company Ondas that is focusing on autonomous anti-drone defense and security systems. The plan under this collaboration is to initially use the Brandenburg site for the sale and distribution of state-of-the-art anti-drone systems and subsequently industrialize these systems and put them into series production at the site. This strategy is drawing attention to the technological strength of HEIDELBERG in new markets, too. The next step is envisaged within the week – a new Memorandum of Understanding between ONBERG and a Ukrainian drone business regarding a potential partnership is set to be announced at the ILA Berlin Air Show.

“In recent months, we have significantly accelerated the strategic development of HEIDELBERG and further raised our profile as a technology-oriented high-tech business,” says Jürgen Otto, CEO of Heidelberger Druckmaschinen AG. “We are one of the world’s top companies when it comes to complex, high-precision mechanical engineering. With HD Advanced Technologies and our focus on dual-use technologies, we are leveraging this expertise and capacity to create additional, attractive areas of business alongside our core business in printing and packaging. Thanks to our broad technology base, we are successfully establishing partnerships in attractive growth areas, including service and software. Our goal is clear – to position HEIDELBERG as a high-performance, high-tech company with sustainable growth in profitability,” he adds.

Focus on core business – expanding digital business and becoming a systems integrator in packaging printing

HEIDELBERG is continuously expanding its portfolio in the growth area of digital printing. One particular driver of this development is the digital print ramp-up in the inkjet market. In parallel with this, HEIDELBERG is building on its position as a systems integrator and increasingly covering the entire packaging production value chain on an end-to-end basis. One key focus is on processes upstream and downstream of actual printing. For example, HEIDELBERG has substantially extended its strategic postpress packaging partnership with the Chinese manufacturer Masterwork, moving beyond the previous sales and distribution collaboration. At the same time, the company is pressing ahead with the technological development of its core business portfolio and systematically expanding its activities in growth regions such as Latin America, Vietnam, and India. In addition to this, focused strategic M&A measures such as acquiring the brand rights of Polar are further strengthening the portfolio.

“The packaging market is a key growth engine for HEIDELBERG, because it is being driven by global trends such as population growth, urbanization, and the necessity for sustainable business practices. We are systematically extending our solutions to cover the entire manufacturing process in packaging production – from substrate selection, printing, postpress operations, and logistics all the way through to digital integration,” explains Dr. David Schmedding, Chief Technology & Sales Officer at HEIDELBERG.

Focus on efficiency – cost base streamlined and competitiveness strengthened

Effective efficiency measures such as completely relocating production of the Speedmaster CX104 to China and opening a new site in North Macedonia to reduce future manufacturing costs for individual product groups are helping to further optimize the cost structure. Overall, important progress has been made with key cost and efficiency targets. For example, the plan for the future at the company’s German sites is exceeding expectations and playing a key role in adjusting the personnel cost structure and strengthening competitiveness.

Financial year 2025/2026 – EBITDA margin down on previous year, while sales and net result after taxes improve

HEIDELBERG has held its own in a difficult environment, keeping its operational performance stable and even significantly improving its net result after taxes. The audited business figures for financial year 2025/2026 confirm the preliminary figures already published. For example, sales in the reporting period were slightly up on the previous year’s figure of € 2,280 million at € 2,293 million. Sales adjusted for exchange rate movements amounted to around € 2,362 million. Sales increased in the EMEA (Europe, Middle East, and Africa) and Americas regions. The positive trend for incoming orders in the final quarters of previous years continued. The figure of € 619 million for the fourth quarter was the highest during the reporting year and also higher than in the previous year. Over the year as a whole, however, the current geopolitical tensions had an adverse effect on incoming orders, which totaled € 2,246 million (previous year: € 2,433 million). In the year under review, incoming orders were also affected by negative exchange rate effects amounting to some € 71 million.

During the reporting period, the HEIDELBERG Technology segment’s incoming orders and sales were both up on the previous year. EBITDA improved slightly compared with the previous year but remained negative. In the Print & Packaging Equipment segment, incoming orders fell in financial year 2025/2026, but sales increased slightly. The adjusted EBITDA figure was down on the previous year. The Digital Solutions & Lifecycle segment recorded lower incoming orders than in the previous year and sales fell slightly. The adjusted EBITDA figure for financial year 2025/2026 was also slightly down on the previous year’s level.

The overall adjusted EBITDA margin of 6.6 percent for financial year 2025/2026 was in line with the adjusted forecast and therefore below the previous year’s figure (7.1 percent). This was due to bringing forward investments and expenditure for new, promising activities outside of the company’s core business (especially in the area of security and defense). Further factors in addition to another sudden drop in investment demand due to the onset of the war in the Middle East – and the associated supply bottlenecks, order delays, and increases in energy prices – included tariffs, continuing negative exchange rate effects (reducing EBITDA by € 20 million), and a less favorable product mix than in the previous year. Key positive aspects were the improvement in the cost structure (personnel costs, for instance), efficiency and structural measures, and the visible successes of the measures established in the plan for the future.

Before adjustment for special items, EBITDA increased from € 137 million in the previous year to € 145 million in the reporting year. The net result after taxes in the reporting period tripled to € 15 million (previous year: € 5 million). The free cash flow in the year under review totaled € -19 million (previous year: € 51 million). The equity ratio improved to 27 percent (previous year: 25 percent).

Outlook for financial year 2026/2027 –challenging geopolitical environment, systematic expansion of HEIDELBERG Technology growth segment

Forecast planning for financial year 2026/2027 (April 1, 2026 to March 31, 2027) is based on the underlying economic and sector-specific conditions in the markets that are relevant to HEIDELBERG. Forecasts are also conditional on the global economy growing at least to the extent currently anticipated by economic research institutions.

Based on the above assumptions, the company forecasts stable Group sales matching the previous year’s level in financial year 2026/2027 and a noticeable improvement in the adjusted EBITDA margin compared with the previous year. It is assumed that there will be no substantial changes in relevant exchange rates for business activities.

Important note:

This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.

Hashtag: #HEIDELBERGDruckmaschinenAG

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

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

Source: Media Outreach

TOKYO, JAPAN – Media OutReach Newswire – 10 June 2026 – Tenchijin Inc., a space-tech innovator transforming sustainable water infrastructure management, is pleased to announce its participation in Singapore International Water Week 2026 (SIWW), one of the world’s premier platforms to share and co-create innovative water, coastal, and flood solutions to meet urban water and associated climate challenges.

Organized by Singapore International Water Week Pte Ltd, a subsidiary of PUB, Singapore’s National Water Agency, SIWW is Asia’s premier global platform for co-creating innovative water solutions. Held biennially, the event is expected to gather over 2,500 global leaders, experts, and practitioners from governments, utilities, academia, and industry to share best practices, showcase the latest technologies, and harness business opportunities.

As a cornerstone of the event, the SIWW2026 Water Expo serves as the pre-eminent marketplace for urban water technologies, innovations, and solutions tailored for municipal and industrial water users across Southeast Asia. Organized by Messe München in cooperation with IFAT, the Expo connects the full water value chain—from advanced treatment, reuse, and desalination to digital solutions and climate-resilient coastal protection. Taking place from 16–18 June 2026 at the Sands Expo & Convention Centre, Marina Bay Sands, Singapore, the Expo is expected to welcome over 24,000 trade visits, making it Asia’s leading business platform for sustainable water management.

Tenchijin will showcase “KnoWaterleak,” our water leakage assessment and management platform, at the exhibition booth. Additionally, Yohei Nishiyama, VP of Business Development, will speak as a guest panelist in the Technology Forum, sharing insights on sustainable water management solutions driven by AI and space technology.

Event Overview
■ Organizer: SIWW: Singapore International Water Week Pte Ltd／Water Expo: Messe München
■ Date: SIWW: 15–18 June 2026 / Water Expo: 16–18 June 2026
■ Venue: Sands Expo & Convention Centre Marina Bay Sands, Singapore
■ Event URL: https://www.siww.com.sg/

Tenchijin-SIWW Water Expo
■ Date: Water Expo: 16–18 June 2026

[Exhibition Booth]
■ Booth Number: B2-N08PIC

[Panel Discussion]
■ Tenchijin’s Panelist: Yohei Nishiyama, VP of Business Development
■ Date: 16 June, 1:00pm – 2:00pm (Technology Forum)
■ Venue: Hall E, Level B2
■ Discussion Theme: “Reactive to Predictive: AI Applications in Managing Aging Water Infrastructure”

With much of the world’s water infrastructure aging rapidly, the cost of reactive management is no longer sustainable. This panel examines real-world AI applications—from predictive leak detection to asset performance modeling—that help utilities anticipate failures, prioritize investments, and transition toward proactive, data-driven operations that improve efficiency and long-term infrastructure resilience.

Moderated by: Kim Demeyer, Science & Technology Counsellor, Flanders Investment & Trade

Panelists:
・Shanmugavel Subramaniam, Water and Wastewater Segment Leader, Schneider Electric
・Yohei Nishiyama, VP of Business Development, Tenchijin Inc.

https://siww2026-app.siww.com.sg/agenda/?agid=fe6fc21d07c8452c8e29

https://tenchijin.co.jp/
https://www.linkedin.com/company/tenchijin/
https://x.com/tenchijin_pr
https://www.facebook.com/tenchijin.pr

Hashtag: #Tenchijin #SIWW #KnoWaterleak #SatelliteTechnology #WaterLeakage #Sustainability #LeakageDetection #SpaceTech #Startup

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

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

Source: New Zealand Government

Kiwis and businesses are getting a stronger line of defence against scammers, with the Anti-Scam Alliance releasing a raft of new initiatives to help protect people and their money, Commerce and Consumer Affairs Minister Cameron Brewer says.

“Scammers are relentless. They hit people through fake websites, dodgy texts, phone calls and social media ads, all to trick them into handing over their hard-earned money. The harm is financial, but it’s also deeply personal,” Mr Brewer says.

“This is a cross-sector issue, so it takes a collaborative approach to make a difference. That’s why we set up the Anti-Scam Alliance last year, bringing telcos, digital platforms, banks, government and consumer groups together to fight scams as one. Today the Alliance has released a fresh set of actions to keep New Zealanders one step ahead of the crooks.

Among them is an expansion of the banking sector’s “Confirmation of Payee” system, which lets customers check the name they’re paying matches the account before any money leaves their hands.

“The banking sector is extending that safety net to cover fintechs and other non-bank providers, so whoever you bank with, you can pay with confidence. The Alliance is also rolling out the New Zealand Online Scams Code, backed by Google, Meta and TikTok, and the telco sector is sharpening its own code to stop scam calls and texts before they ever reach a Kiwi’s phone,” Mr Brewer says.

“This work complements changes to the Fair Trading Act so online service providers can move faster to pull down suspected scam content before people get burned.

These actions build on real results. A cross-sector pilot involving some of New Zealand’s biggest banks and telcos, alongside Trade Me, blocked more than 23,000 malicious domains in six months, saving Kiwis an estimated $23.8 million in fraud losses.

“There’s no silver bullet for scams. But by joining forces across every sector, we can give New Zealanders the confidence to bank, shop and connect online without looking over their shoulder. This is all part of the Government’s plan to fix the basics, build the future and make New Zealand a far harder target for the scammers preying on hardworking Kiwis,” Mr Brewer says.

Original source: https://nz.mil-osi.com/2026/06/10/more-work-revealed-to-keep-kiwis-money-safe/

Source: Media Outreach

Advancing Deployment of Training and Inference Integrated AI Platforms in Healthcare Applications, Powered by Domestic High-Density Computing Infrastructure

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

Source: Green Party

The Green Party is proposing to give the Privacy Commissioner the power to seek serious financial penalties for major privacy breaches.

“New Zealanders rightly expect their most sensitive information to be protected, but right now a company can lose your most private information and walk away without paying a cent,” says Green Party Co-leader Marama Davidson. 

The Green Party proposal would give the Privacy Commissioner the power to apply, via the courts, for civil pecuniary penalties for a serious privacy breach of up to: 

• $500,000 for breaches by individuals; and 

• $10 million for corporates; or 

• Three times the value of any commercial gain arising from the breach; or 
• 10 per cent of the turnover of the entity in each accounting period in which the breach occurred. 

This matches the maximum penalties for contraventions of the Commerce Act and is broadly proportionate to Australia’s penalties for privacy breaches. The courts would determine whether a breach is serious, as in Australia. 

“Serious privacy breaches are climbing with the Privacy Commissioner reporting a 43 per cent increase in declared serious breaches in a single year. Behind every one of those numbers is a person whose information has been exposed.” 

“There’s clearly a need to close the gap that lets companies treat New Zealanders’ data as an afterthought. The Manage My Health hack laid it bare. People trusted Manage My Health and Te Whatu Ora with their health information and that trust was broken.” 

“Across the Tasman, the Australian Privacy Commissioner can seek penalties for serious breaches while ours cannot. The most our Commissioner can do is fine an agency up to ten thousand dollars for failing to report a breach or failing to cooperate with an investigation.” 

“The financial penalties the Greens are proposing match what already applies. These penalties match what already applies under the Commerce Act, and they are broadly in line with Australia, bringing privacy protection up to where it should already be.” 

“Penalties paid to the Crown are not ringfenced, but they could go towards properly resourcing the Office of the Privacy Commissioner so it can do the job New Zealanders need it to do.” 

“Your private information belongs to you, and the law should treat it that way. The Green Party will make sure the companies and agencies holding your data have a real reason to keep it safe,” says Davidson.

Original source: https://nz.mil-osi.com/2026/06/10/bigger-fines-needed-for-companies-that-breach-privacy/

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 10 June 2026 – Elliptic, the global leader in digital asset decisioning, has equipped KAST, the global financial platform built on stablecoin rails , with the blockchain intelligence necessary to strengthen anti-money laundering and sanctions controls across its products and global footprint.

KAST has used Elliptic’s solutions since 2024 to screen wallets and monitor crypto transactions for indicators of financial crime as customers fund and use their KAST accounts. By integrating Elliptic’s blockchain intelligence into its risk and compliance stack, KAST has been able to identify high-risk activity in real-time, reduce exposure to sanctioned or illicit wallets and demonstrate robust controls to regulators and partners.

Founded in July 2024 by former Circle executive Raagulan Pathy, KAST provides USD-denominated accounts, global pay-ins and payouts to more than 170 countries, and a growing suite of consumer and business financial tools built on stablecoin rails rather than legacy settlement networks. With KAST, people can hold, send, and spend instantly while transacting with merchants and ATMs around the world.

Since launch, KAST has scaled to more than one million users and is processing about $5 billion in annualized transaction volume, reflecting the growing adoption of stablecoin-based financial services beyond trading and crypto-native use cases. In March, KAST announced a record $80 million Series A funding round, which is being deployed to expand across North America, Latin America and the Middle East. Elliptic’s analytics help KAST manage risk, applying a consistent, data-driven approach to AML and sanctions screening as the platform scales into new markets.

“Every time customers tap their card, send or receive transactions, they need to trust it’s safe,” said Pathy, Founder & CEO at KAST. “Our users rely on us for institution-grade security everywhere in the world. Elliptic is a key part of that promise. Their blockchain intelligence helps us detect fraud patterns, sanctioned activity and other red flags behind the scenes so that our customers feel safe and secure.”

“As stablecoin financial platforms like KAST reach more users, regulators and partners expect the same standard of financial crime controls that apply in traditional finance,” said James Smith, Co-Founder and Chief Strategy Officer at Elliptic. “KAST has been building with compliance in mind from day one. Through this partnership, we are helping to ensure the platform can scale while meeting regulatory expectations for AML and sanctions risk.”

Elliptic’s analytics now underpin KAST’s financial crime controls. Working alongside the platform’s identity, fraud and transaction monitoring solutions, Elliptic supports a consistent, risk-based approach to onboarding, funding and card usage as the platform scales.

Hashtag: #Elliptic

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

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

Source: New Zealand Government

The Government and industry are jointly backing a new AgriZeroNZ programme to help roll out world-leading farm technologies that will strengthen the competitiveness and profitability of New Zealand farmers, Economic Growth Minister Nicola Willis and Agriculture Minister Todd McClay announced today.

The Early Adoption Accelerator will contribute up to $51 million of existing Crown funding, with the Government matching dollar-for-dollar investment from industry partners.

Nicola Willis says the co-funded model is a key strength of the programme.

“What is particularly exciting about this initiative is that it is a genuine partnership between Government and industry, for every commercial dollar invested through AgriZeroNZ, the Government will match it to help scale up practical on-farm innovation.

“That means everyone has skin in the game and we are all backing innovation that can make a real difference on farms and ensure New Zealand agriculture remains globally competitive.”

Nicola Willis says the focus is on developing usable technologies and helping farmers to adopt them at scale. 

“New Zealand farmers are already among the world’s most emissions-efficient producers, this programme is about helping them adopt practical new technologies that support productivity, profitability and long-term competitiveness as global markets increasingly expect lower-emissions food and fibre production.”

Todd McClay says the Early Adoption Accelerator builds on significant existing investment through AgriZeroNZ into emissions-reducing research and development.

“To date AgriZeroNZ has invested $79.9 million in 18 companies, research projects and trials, accelerating a number of tools ranging from inhibitors to probiotics, pastures, animal wearables and vaccines.   

A growing pipeline of tools is expected to become available over the next few years, giving farmers more practical options to reduce emissions while maintaining production.

“One emissions reduction technology, EcoPond, is already available in New Zealand, with additional tools such as boluses expected later this year. Other technologies, including methane inhibitors, probiotics and vaccines, are expected to follow over the next few years.” 

“This is not about telling farmers what to do. It is about giving them more choices to adopt technologies that fit their farm systems and business models.”

AgriZeroNZ is now seeking expressions of interest from companies and industry groups interested in participating in Early Adoption Accelerator projects over the next three years.

Further information is available on the AgriZeroNZ website.

Original source: https://nz.mil-osi.com/2026/06/10/government-industry-accelerate-world-leading-farm-technology/

Source: Media Outreach

The upscale mixed-use development will feature luxury duplex villas, hotel rooms and lifestyle-led amenities in one of India’s leading wellness and spiritual destinations

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