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

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

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

Generated August 10, 2026 06:00 NZST · Included sources: 4

1. Health and Employment – Nurse Maude workers strike again over low pay offer and removal of sick leave

August 9, 2026

Source: Public Service Association Te Pūkenga Here Tikanga Mahi

Nurse Maude care and support workers will strike again on Monday 10 August, after their employer failed to come back with an acceptable offer for these workers, following their first strike on 31 July.

They will be joined on strike by around 35 workers at Nurse Maude’s Care Coordination Centres in the Wellington region, known as ‘CareCo’, in a separate dispute over pay. In total, around 285 PSA members across Nurse Maude will take strike action tomorrow.

Source: Public Service Association Te Pūkenga Here Tikanga Mahi

Nurse Maude care and support workers will strike again on Monday 10 August, after their employer failed to come back with an acceptable offer for these workers, following their first strike on 31 July.

They will be joined on strike by around 35 workers at Nurse Maude’s Care Coordination Centres in the Wellington region, known as ‘CareCo’, in a separate dispute over pay. In total, around 285 PSA members across Nurse Maude will take strike action tomorrow.

“After bargaining, Nurse Maude is still not giving these workers a fair pay deal and it’s still trying to strip two days of sick leave from a workforce that can’t afford to get sick on the job,” said Fleur Fitzsimons, National Secretary for the Public Service Association, Te Pūkenga Here Tikanga Mahi.

Speaking to journalist Chris Lynch last week, Nurse Maude Chief Executive Louise Zacest said that the team was negotiating in good faith and that the organisation remained hopeful of reaching a settlement that was fair to everyone.

“Nurse Maude’s Chief Executive talks about a settlement that is fair to everyone. There’s nothing fair about where these workers already stand. Their pay equity claim was cancelled, and now this employer is refusing to give them a fair pay offer,” Fitzsimons said.

“If the organisation is genuinely negotiating in good faith, workers would have seen a fair offer by now. They haven’t.”

Workers at CareCo also employed by Nurse Maude, who assess older people’s care needs and coordinate the support they receive across the Wellington region, have only been offered 2% for Care Managers and 2.5% for admin staff on pay, which is well below inflation. Nurse Maude is refusing to move on this.

“The pay offer is effectively a pay cut once you account for the cost of living,” Fitzsimons said.

“These workers are already struggling to make ends meet on low pay. They simply can’t take a pay cut.

“Nurse Maude needs to bring a fair pay offer for care and support workers and put a fair offer to CareCo workers. The door is open to settle this dispute.”

Picket details

  • Christchurch — 8:30am — Cnr Papanui Road & Mansfield Ave, Merivale
  • Nelson — 8:00am — Outside Nurse Maude’s Offices, 4 Kidson Place, Stoke
  • Hutt Valley — 8:30am — Cnr High Street and Daysh Street, Avalon, Lower Hutt
  • Kāpiti — 8:30am — Cnr of Te Roto Drive and Kāpiti Road (near Bin Inn)
  • Mana, Porirua — 8:30am — Mana Esplanade, down from the bridge (near NZ Sea Adventures)

The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

MIL OSI

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2. Banking – ASB makes changes to home loan and term deposit rates

August 6, 2026

Source: ASB

6 August 2026

ASB has today increased its fixed home loan rates by between 10-26 bps on its 6-month to three-year terms and has increased term deposit rates by 10-20 bps on its 6-month to two-year terms.

Source: ASB

6 August 2026

ASB has today increased its fixed home loan rates by between 10-26 bps on its 6-month to three-year terms and has increased term deposit rates by 10-20 bps on its 6-month to two-year terms.

ASB’s Executive General Manager Personal Banking Adam Boyd says “We’re continuing to see volatility in wholesale interest rates, which have climbed over the past month. This has a direct bearing on the rates we offer on lending and deposits, in line with what is happening in markets around the world.”

“These changes mean we’re able to support savers with stronger term deposit rates. We’d also encourage any homeowners with questions about their lending to get in touch. It’s important to find the right structure for your circumstances and our team is ready to help you work through your options.”

Rate Table

Home Loan

Term Current Rates New Rates Rate Change
6 Months 4.69% 4.79% +10 bps
1 Year 4.75% 4.99% +24 bps
18 Months 5.09% 5.35% +26 bps
2 Years 5.25% 5.45% +20 bps
3 Years 5.29% 5.45% +16 bps
4 Years 5.49% 5.49% N/C
5 Years 5.59% 5.59% N/C

Term Deposit

Term Current Rates New Rates Rate Change
1 Month 1.80% 1.80% N/C
2 Months 2.00% 2.00% N/C
3 Months 3.00% 3.00% N/C
4 Months 3.00% 3.00% N/C
5 Months 3.10% 3.10% N/C
6 Months 3.45% 3.55% +10 bps
9 Months 3.55% 3.70% +15 bps
12 Months 3.90% 3.90% N/C
18 Months 4.00% 4.15% +15 bps
24 Months 4.00% 4.20% +20 bps
36 Months 4.40% 4.40% N/C
48 Months 4.60% 4.60% N/C
60 Months 4.75% 4.75% N/C

ASB has practical information for customers on the current interest rate environment available on its website as well as support to help customers take control of their financial wellbeing and achieve their goals at its Financial Wellbeing Hub.

MIL OSI

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3. CUHK unveils 2026-2030 Strategic Plan: Leaping to Greatness

August 6, 2026

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 6 August 2026 – The Chinese University of Hong Kong (CUHK) today (6 August) unveiled its new five-year strategic plan, titled “CUHK 20262030: Leaping to Greatness” (the “CUHK 2026-2030“), outlining the University’s development priorities and strategic direction for the next five years. With the ambition to create greater impact on humanity and global communities, CUHK adheres to its vision of becoming a first-class comprehensive research university whose scholarly output, bilingual and multicultural education, and community contributions consistently meet global standards of excellence. As a publicly funded university, CUHK will leverage its strengths in talent cultivation, knowledge innovation and global engagement to contribute to the development of China and the Hong Kong SAR in alignment with priorities in the national 15th Five-Year Plan and the city’s first five-year planning.

CUHK hosts a media luncheon to launch its five-year strategic plan. (From left) Professor Dennis Lo Yuk-ming and Professor John Chai Yat-chiu

Source: Media Outreach

Anchored by the TIGER framework, CUHK leaps toward new heights of academic excellence and global impact

HONG KONG SAR – Media OutReach Newswire – 6 August 2026 – The Chinese University of Hong Kong (CUHK) today (6 August) unveiled its new five-year strategic plan, titled “CUHK 20262030: Leaping to Greatness” (the “CUHK 2026-2030“), outlining the University’s development priorities and strategic direction for the next five years. With the ambition to create greater impact on humanity and global communities, CUHK adheres to its vision of becoming a first-class comprehensive research university whose scholarly output, bilingual and multicultural education, and community contributions consistently meet global standards of excellence. As a publicly funded university, CUHK will leverage its strengths in talent cultivation, knowledge innovation and global engagement to contribute to the development of China and the Hong Kong SAR in alignment with priorities in the national 15th Five-Year Plan and the city’s first five-year planning.

CUHK hosts a media luncheon to launch its five-year strategic plan. (From left) Professor Dennis Lo Yuk-ming and Professor John Chai Yat-chiu

The “TIGER” action framework of CUHK 2026–2030 forms five interconnected strategic directions. It reflects a united, well-coordinated and actionable commitment from the entire University to progressively realise our vision of “Leaping to Greatness” that symbolises CUHK’s continued evolution to pursue purpose-driven excellence, impact-oriented outcomes and lasting societal contributions with innovation, rigour and responsibility.

The five interconnected strategic pillars in CUHK 2026–2030 include:

  • T – Talent Attraction and Development
  • I – Institutional Development
  • G – Global and Alumni Engagement
  • E – Education and Student Experience
  • R – Research and Innovation


Embracing the new vision with agility characterised in the spirit of a tiger

In his remarks, Professor Dennis Lo Yuk-ming, Vice-Chancellor and President of CUHK, said: “The five key areas of the Strategic Plan form the ‘TIGER’ action framework that embodies courage, agility and drive, underscoring CUHK’s development vision which will be realised through precise planning and rigorous execution. CUHK will continue to drive breakthroughs in life and health sciences, artificial intelligence (AI), quantum science and other frontier fields, and participate in national scientific research initiatives, leveraging Hong Kong’s unique advantages and position as China’s most international city, with an aim of cultivating world-class talent and new knowledge that benefit the world.”

Aligning with the strategic planning of China and the Hong Kong SAR

Professor Lo said: “CUHK 20262030is the first five-year strategic plan formulated since I assumed office in 2025. It marks a major milestone in the University’s development in timely alignment with the five-year planning of China and the Hong Kong SAR. At a time of profound global transformation, technological advances are reshaping the world and redefining the role of universities in society. CUHK has joined the world’s top 20 for the first time in the latest Quacquarelli Symonds (QS) World University Rankings, rising to the 18th place. This is a testament to the University’s progress in the past 63 years signifying our global academic influence.”

Professor John Chai Yat-chiu, Chairman of the CUHK Council; Professor Dennis Lo Yuk-ming, Vice-Chancellor and President of CUHK, Professor Isabella Poon Wai-yin, Provost of CUHK, Professor Anthony Chan Tak-cheung, Pro-Vice-Chancellor (Alumni / Community Engagement & Institutional Advancement), Professor Jiang Liwen, Pro-Vice-Chancellor (Research & External Affairs) and Mr Albert Chow Hing-pong, Vice-President (Administration), together with other members of the University’s senior management, attended the media luncheon today to mark the official launch.

Creating value to benefit humanity

Professor Isabella Poon Wai-yin, Provost of CUHK, introduced the University’s priority areas and said: “In face of global challenges such as the AI revolution, sustainable development and climate change, universities carry an unprecedentedly vital mission. A truly impactful university does not merely respond to the present needs of the era, but will also actively shape the direction of our future. Through interdisciplinary, cross-regional and cross-sector collaborations, we aim to translate CUHK’s deep academic foundation, unique collegiate system and global network into a driving force for social progress and innovation.”

Team spirit of CUHK leadership in co-creating the development blueprint

The formulation of CUHK 20262030 was a year-long collaborative effort overseen by the Strategic Plan Steering Committee chaired by Professor Lo with support from the senior management team and consultation from the broad CUHK community, from conceptualisation, drafting to visual design. This multi-faceted collaboration fully demonstrates the team spirit of the CUHK community in propelling the University toward a new chapter. The visual design of the Strategic Plan agenda features circular lines and patterns representing the letters “C” and “U” for CUHK. The concentric-circle motif also symbolises CUHK members coming together like concentric circles, uniting their strengths to work towards common goals. The visual palette centres on the university colours of purple and gold, representing passion and loyalty (purple), alongside perseverance and resolve (gold). For details of the Strategic Plan, please refer to https://www.cuhk2030.cuhk.edu.hk.

The visual design of the Strategic Plan agenda features circular lines and patterns representing the letters

Key Initiatives

Establishing the 10th College for postgraduates

CUHK will establish a postgraduate college as its 10th college. This initiative will extend the University’s long-standing collegiate system to the postgraduate community, creating a vibrant, international environment for cross-disciplinary dialogue, holistic development and lifelong networking.

In addition, CUHK will develop flagship international undergraduate programmes and signature schemes embedding innovation, entrepreneurship and concepts of sustainability into the curriculum. It will also strengthen industry-academia collaboration and knowledge transfer to attract and nurture outstanding local and international innovative talents. CUHK will also revitalise its General Education curriculum with national and global perspectives. Moreover, the University will strengthen collaboration with CUHK-Shenzhen and other institutions in the GBA and expand opportunities for exchange and internships abroad to support students’ holistic development and lifelong learning.

Attracting global talent and expanding international impact

CUHK will leverage its strengths as an international research university to attract outstanding students, scholars and researchers from around the world, fostering a diverse and inclusive academic community. Currently, approximately 56% of CUHK’s professors come from outside Hong Kong while the University achieved a perfect score in the QS international faculty ratio indicator, demonstrating its success in attracting top academic talent globally.

This year, applications from non-local students increased by about 20% compared with last year. Applications from regions outside the Chinese Mainland rose even more significantly, by 75%, with most applicants coming from Southeast Asia and the Middle East, reflecting CUHK’s growing international appeal. To attract exceptional students, CUHK launched the Fenghuang Scholarship this year. The scholarship offers outstanding students who achieve excellent results in local and overseas public examinations financial support, together with overseas exchange opportunities. Through this initiative, the University aims to attract high-calibre young talent and nurture future leaders with a global vision, innovative capabilities and a strong sense of social responsibility.

Driving interdisciplinary research to address global challenges

CUHK will seize opportunities arising from the Northern Metropolis, the Hetao Cooperation Zone and the Guangdong-Hong Kong-Macao Greater Bay Area, while focusing on frontier fields including life and health technologies, AI, quantum science and green technology. The University will further integrate into the national research and innovation ecosystem and actively participate in major scientific initiatives spanning space, polar research and deep-sea studies, fostering comprehensive development from Antarctic expeditions and space missions to the translation of world-class innovations.

In recent years, CUHK has been actively demonstrating its research excellence. Notable achievements include the successful launch of CUHK Sat-1, the world’s first AI satellite dedicated to urban sustainable development, and leading the development of the laser heterodyne spectrometer selected for the nation’s Tianwen-3 Mars exploration mission. These accomplishments underscore the University’s pivotal role in supporting national strategic science and technology development. Furthermore, the Hong Kong Centre for Logistics Robotics, an InnoHK centre established by CUHK, founded Hong Kong’s first full-stack embodied intelligence laboratory in 2026 to drive frontier technologies in embodied AI and robotics, further consolidating Hong Kong’s position as an international innovation and technology hub.

https://www.cuhk.edu.hk/
https://www.linkedin.com/school/13045
https://x.com/cuhkofficial
https://www.facebook.com/CUHKofficial
https://www.instagram.com/thechineseuniversityofhongkong/
https://www.youtube.com/user/CUHKchannel

Hashtag: #CUHK #2026-2030 #five-year #strategicplan

About The Chinese University of Hong Kong

Founded in 1963, The Chinese University of Hong Kong (CUHK) is a leading comprehensive research university with a global reputation and world-leading rankings. Located in the heart of Asia, CUHK has a vision and a mission to combine tradition with modernity, and to bring together China and the West. Under the University’s unique collegiate system, the programmes and activities offered by its nine colleges complement the formal curricula by delivering whole-person education and pastoral care. The University has eight faculties: Arts, Business Administration, Education, Engineering, Law, Medicine, Science, and Social Science. Together with the Graduate School, the University offers over 300 undergraduate and postgraduate programmes. All faculties are actively engaged in research in a wide range of disciplines, with an array of research institutes and research centres specialising in interdisciplinary research of the highest quality.

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

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

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4. Share, Care, and Connect Over a Meal With Pay It Forward Malaysia

August 6, 2026

Source: Media Outreach

One Meal, One Ripple, One Community

Pay It Forward allows any participant to buy a prepaid meal at a participating local restaurant, café, or food outlet for someone else in their community. More than a one-way gesture, how Pay It Forward works is designed to create a ripple effect where kindness spreads, anyone can be both a Giver and a Receiver, and one small act sets off a wider movement of community connection.

How a Ripple Starts:

Source: Media Outreach

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 August 2026 – A lot of people wish to do something kind for the world around them. However, most struggle finding an appropriate platform. Pay It Forward (PIF), a community meal-sharing app built on the simple idea that small acts of kindness can be passed forward, is officially expanding nationwide in Malaysia in June 2026. The platform revolutionises how people spread kindness through technology.

One Meal, One Ripple, One Community

Pay It Forward allows any participant to buy a prepaid meal at a participating local restaurant, café, or food outlet for someone else in their community. More than a one-way gesture, how Pay It Forward works is designed to create a ripple effect where kindness spreads, anyone can be both a Giver and a Receiver, and one small act sets off a wider movement of community connection.

How a Ripple Starts:

  1. Share a Meal. Through the Pay It Forward app, a Giver purchases a prepaid meal from a participating Merchant and can include a Ripple Card with a positive message to pass on.
  2. Experience the Gesture. A community member redeems the meal in-store and can share the moment back by sending a Ripple Card of appreciation to the Giver.
  3. Pay It Forward. Receivers may later choose to share a meal through the platform for someone else, setting a ripple in motion.
  4. Grow the Community. Over time, Givers, Receivers, and Merchants form a wider community supporting one another, one shared meal at a time.

“We built Pay It Forward because we believe technology should help people reconnect, not just transact,” said Amelia Tang, Co-Founder and CEO. “A shared meal is one of the simplest ways to show someone in your community that you thought of them.”

From Pilot to Public Growth

Malaysia was chosen as the first launch market for Pay It Forward’s revolution due to the country’s rich food culture and strong sense of community. The nationwide rollout follows an extended period of product development, merchant onboarding, and community testing. A soft launch in November 2025 brought more than 100 participating Merchants and thousands of users onto the platform, providing the feedback needed to fine-tune the experience before scaling.

Beyond merchants and users, a recent memorandum of agreement signed with Universiti Tunku Abdul Rahman (UTAR) introduced the PIF x UTAR Social Impact Project and Campus Ambassador Programme, giving students real exposure to social entrepreneurship and community work.

Kindness is Much Closer Than You Think

Pay It Forward is that platform, a simple way to take the small kind thought you have and pass it on, one meal at a time. Because kindness only truly begins when someone takes the first step.

To share a meal, redeem a meal, or sign up your business, visit payitforward.io/en-my.

https://www.payitforward.io/en-my
https://www.linkedin.com/company/pif-fintech-sdn-bhd/
https://www.facebook.com/profile.php?id=61577508893886
https://www.instagram.com/pif_payitforward/
Tiktok: https://www.tiktok.com/@pif_payitforward
Rednote: https://www.xiaohongshu.com/user/profile/6892efa7000000002900b4aa
Youtube: https://www.youtube.com/@Payitforward-t6n

Hashtag: #PayItForward

About Pay It Forward

Pay It Forward was founded by Amelia Tang, Ng Jiunn Jye, and Yvonne Guo on a simple belief: that technology should not only automate our lives, but also help people reconnect with each other. Drawing inspiration from the traditional Italian “Caffè Sospeso”, where one cup of coffee is paid for and left behind for a stranger, the platform brings that same spirit of sharing into the digital age.

Today, Pay It Forward connects Givers, Receivers, and Merchants in one transparent ecosystem, where anyone can purchase a prepaid meal at a participating local restaurant, café, or food outlet and gift it to someone nearby. As the first platform in Malaysia’s social-dining space to combine meal-sharing with community altruism, Pay It Forward is on a mission to build a kinder, more connected society, one shared meal at a time, because sharing is caring.

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

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

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